Financials Moscow Exchange MICEX-RTS

Equities

MOEX

RU000A0JR4A1

Financial & Commodity Market Operators

End-of-day quote Moscow Micex - RTS 06:00:00 2022-07-07 pm EDT 5-day change 1st Jan Change
85.2 RUB -0.13% Intraday chart for Moscow Exchange MICEX-RTS -.--% -.--%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 182,281 242,852 359,741 345,777 192,337 192,603
Enterprise Value (EV) 1 -232,428 -187,557 -169,922 -182,453 -262,217 -269,179
P/E ratio 9.27 x 12 x 14.3 x 12.4 x 5.34 x 3.18 x
Yield 9.51% 7.37% 5.93% - 5.68% 20.4%
Capitalization / Revenue 4.36 x 5.88 x 7.12 x 6.14 x 2.33 x 1.78 x
EV / Revenue -5.55 x -4.54 x -3.36 x -3.24 x -3.18 x -2.49 x
EV / EBITDA -7.95 x -7.33 x -4.75 x -4.69 x -5.45 x -3.23 x
EV / FCF -1.57 x 43.6 x -1.38 x -2.62 x 3.32 x -9.2 x
FCF Yield -63.7% 2.29% -72.2% -38.2% 30.1% -10.9%
Price to Book 1.45 x 1.84 x 2.59 x 2.47 x 1.09 x 0.86 x
Nbr of stocks (in thousands) 2,250,387 2,253,847 2,254,441 2,257,324 2,257,479 2,260,602
Reference price 2 81.00 107.8 159.6 153.2 85.20 85.20
Announcement Date 3/6/19 3/6/20 3/5/21 3/4/22 6/17/23 2/26/24
1RUB in Million2RUB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 41,841 41,310 50,548 56,323 82,477 108,055
EBITDA 1 29,244 25,594 35,796 38,888 48,155 83,340
EBIT 1 26,724 23,408 33,890 36,849 45,920 81,267
Operating Margin 63.87% 56.67% 67.04% 65.42% 55.68% 75.21%
Earnings before Tax (EBT) 1 24,372 25,179 31,840 34,982 45,311 77,367
Net income 1 19,716 20,189 25,158 28,095 36,271 60,777
Net margin 47.12% 48.87% 49.77% 49.88% 43.98% 56.25%
EPS 2 8.740 8.960 11.14 12.35 15.96 26.78
Free Cash Flow 1 147,960 -4,304 122,767 69,651 -78,908 29,274
FCF margin 353.62% -10.42% 242.87% 123.66% -95.67% 27.09%
FCF Conversion (EBITDA) 505.94% - 342.97% 179.11% - 35.13%
FCF Conversion (Net income) 750.44% - 487.98% 247.91% - 48.17%
Dividend per Share 2 7.700 7.940 9.460 - 4.840 17.35
Announcement Date 3/6/19 3/6/20 3/5/21 3/4/22 6/17/23 2/26/24
1RUB in Million2RUB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 414,710 430,409 529,663 528,230 454,554 461,783
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 147,960 -4,304 122,767 69,651 -78,908 29,274
ROE (net income / shareholders' equity) 16% 15.7% 18.6% 20.1% 22.9% 30.4%
ROA (Net income/ Total Assets) 0.47% 0.36% 0.47% 0.42% 0.45% 0.63%
Assets 1 4,196,786 5,597,172 5,322,192 6,756,878 8,065,622 9,622,736
Book Value Per Share 2 55.70 58.40 61.60 62.00 78.20 98.70
Cash Flow per Share 2 185.0 207.0 209.0 209.0 200.0 203.0
Capex 1 1,976 2,072 3,419 4,147 3,612 4,134
Capex / Sales 4.72% 5.02% 6.76% 7.36% 4.38% 3.83%
Announcement Date 3/6/19 3/6/20 3/5/21 3/4/22 6/17/23 2/26/24
1RUB in Million2RUB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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