Financials Armada PAO

Equities

ARMD

RU000A0JP4J4

IT Services & Consulting

End-of-day quote Moscow Micex - RTS
- RUB - Intraday chart for Armada PAO

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 149.8 100.7 41.18 41.18 41.18 41.18
Enterprise Value (EV) 1 243.9 189.1 153.3 80.33 45.66 44.61
P/E ratio 1.03 x -0.08 x -1.33 x 11.7 x 3.27 x -21.5 x
Yield - - - - - -
Capitalization / Revenue 0.69 x 1.75 x 5.31 x - - -
EV / Revenue 1.13 x 3.29 x 19.8 x - - -
EV / EBITDA 15.8 x -0.16 x -3.58 x -6.06 x -8.2 x -9.61 x
EV / FCF -1.26 x 0.42 x -6.76 x 40.7 x 41.7 x -189 x
FCF Yield -79.3% 240% -14.8% 2.46% 2.4% -0.53%
Price to Book 0.1 x 0.29 x 0.13 x 0.13 x 0.12 x 0.12 x
Nbr of stocks (in thousands) 14,400 14,400 14,400 14,400 14,400 14,400
Reference price 2 10.40 7.000 2.860 2.860 2.860 2.860
Announcement Date 4/28/18 4/30/19 5/21/20 4/29/21 4/29/22 4/28/23
1RUB in Million2RUB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 216.5 57.5 7.76 - - -
EBITDA 1 15.43 -1,185 -42.85 -13.25 -5.571 -4.642
EBIT 1 14.74 -1,186 -42.85 -13.25 -6.168 -4.954
Operating Margin 6.81% -2,062.04% -552.24% - - -
Earnings before Tax (EBT) 1 148.9 -1,190 -46.61 45 31.39 -1.918
Net income 1 144.8 -1,193 -31.04 3.513 12.6 -1.918
Net margin 66.91% -2,074.49% -400.05% - - -
EPS 2 10.06 -82.83 -2.156 0.2440 0.8752 -0.1332
Free Cash Flow 1 -193.5 454.6 -22.68 1.974 1.095 -0.2366
FCF margin -89.38% 790.67% -292.26% - - -
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - 56.19% 8.69% -
Dividend per Share - - - - - -
Announcement Date 4/28/18 4/30/19 5/21/20 4/29/21 4/29/22 4/28/23
1RUB in Million2RUB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 94.1 88.5 112 39.2 4.47 3.43
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 6.098 x -0.0746 x -2.616 x -2.956 x -0.8027 x -0.7391 x
Free Cash Flow 1 -193 455 -22.7 1.97 1.1 -0.24
ROE (net income / shareholders' equity) 10.1% -130% -14% 5.35% 9.89% -0.58%
ROA (Net income/ Total Assets) 0.54% -68.9% -5.89% -2.13% -1.09% -0.9%
Assets 1 26,695 1,732 526.7 -164.6 -1,155 213.5
Book Value Per Share 2 107.0 23.80 21.70 22.30 23.10 23.00
Cash Flow per Share 2 1.640 2.070 0.7800 0.1600 0.0300 0
Capex - - - - - -
Capex / Sales - - - - - -
Announcement Date 4/28/18 4/30/19 5/21/20 4/29/21 4/29/22 4/28/23
1RUB in Million2RUB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA