Financials MegaFon

Equities

MFON

RU000A0JS942

Integrated Telecommunications Services

Delayed Moscow Micex - RTS 06:00:00 2020-08-09 pm EDT 5-day change 1st Jan Change
650.6 RUB -.--% Intraday chart for MegaFon -.--% -.--%

Valuation

Fiscal Period: December 2016 2017 2018 2019 2020 2021
Capitalization 1 345,268 305,535 307,301 283,642 403,372 403,372
Enterprise Value (EV) 1 537,617 517,401 599,626 694,695 785,369 791,334
P/E ratio 13.5 x 67.1 x 10.1 x 35.1 x 15.1 x 6.09 x
Yield 11.1% - - - - 17.4%
Capitalization / Revenue 1.09 x 0.82 x 0.92 x 0.81 x 1.21 x 1.14 x
EV / Revenue 1.7 x 1.39 x 1.79 x 1.99 x 2.36 x 2.23 x
EV / EBITDA 4.53 x 4 x 5.1 x 5.75 x 6.87 x 7.03 x
EV / FCF 17.4 x 12.2 x -257 x 29.3 x 17.5 x 15.6 x
FCF Yield 5.75% 8.17% -0.39% 3.42% 5.71% 6.41%
Price to Book 2.78 x 2.78 x 4.35 x 2.7 x 1.73 x 1.79 x
Nbr of stocks (in thousands) 595,701 595,701 480,383 435,971 620,000 620,000
Reference price 2 579.6 512.9 639.7 650.6 650.6 650.6
Announcement Date 3/17/17 3/15/18 3/21/19 3/26/20 3/25/21 3/26/22
1RUB in Million2RUB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2016 2017 2018 2019 2020 2021
Net sales 1 316,275 373,297 335,541 348,961 332,159 354,190
EBITDA 1 118,744 129,489 117,645 120,812 114,258 112,524
EBIT 1 61,333 60,510 58,787 63,228 74,119 67,714
Operating Margin 19.39% 16.21% 17.52% 18.12% 22.31% 19.12%
Earnings before Tax (EBT) 1 35,830 14,169 29,093 12,245 35,281 67,780
Net income 1 25,496 4,551 35,170 8,087 26,626 66,265
Net margin 8.06% 1.22% 10.48% 2.32% 8.02% 18.71%
EPS 2 42.80 7.640 63.33 18.55 42.95 106.9
Free Cash Flow 1 30,901 42,292 -2,330 23,750 44,864 50,739
FCF margin 9.77% 11.33% -0.69% 6.81% 13.51% 14.33%
FCF Conversion (EBITDA) 26.02% 32.66% - 19.66% 39.27% 45.09%
FCF Conversion (Net income) 121.2% 929.29% - 293.68% 168.5% 76.57%
Dividend per Share 2 64.50 - - - - 112.9
Announcement Date 3/17/17 3/15/18 3/21/19 3/26/20 3/25/21 3/26/22
1RUB in Million2RUB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2016 2017 2018 2019 2020 2021
Net Debt 1 192,349 211,866 292,325 411,053 381,997 387,962
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 1.62 x 1.636 x 2.485 x 3.402 x 3.343 x 3.448 x
Free Cash Flow 1 30,901 42,292 -2,331 23,750 44,864 50,739
ROE (net income / shareholders' equity) 18.8% 3.68% 18% 9.34% 15.9% 28.5%
ROA (Net income/ Total Assets) 8.23% 7.39% 6.86% 6.57% 6.32% 5.42%
Assets 1 309,673 61,583 512,944 123,110 421,518 1,222,647
Book Value Per Share 2 208.0 184.0 147.0 241.0 377.0 364.0
Cash Flow per Share 2 53.60 60.70 56.70 121.0 55.80 61.00
Capex 1 57,892 61,748 79,454 71,127 53,548 49,800
Capex / Sales 18.3% 16.54% 23.68% 20.38% 16.12% 14.06%
Announcement Date 3/17/17 3/15/18 3/21/19 3/26/20 3/25/21 3/26/22
1RUB in Million2RUB
Estimates