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ArenaData RUB

At a glance: strengths & risks
✓Revenue growing (+46%)✓Profit growing (+52%)✓Margins improving (32%→35%)✓Net cash balance sheet✓Cheaper than own history (EV/EBITDA 4.2 vs avg 9.8)✓Dividend yield above fair (10% vs 7%)

Sector: Information Technology

RU_DATA

Price chart

71.52 RUBDay 5.92%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
71.52 RUB · 5.92%
Market cap
15.6 bn RUB

Growth

Δ revenue y/y
100.7%
Δ EBITDA y/y
220.1%

Multiples

P/E (LTM)
5.3x
3y avg: 10.6x
P/B (FY)
2.7x
P/E (ann.)
2.0x
EV/EBITDA (LTM)
4.2x
3y avg: 9.8x
EV/EBITDA (ann.)
1.5x

Cash return

Dividend yield
7.0%
FCF yield (LTM)
14.3%

Value creation

fundamental value/yr, % of market cap
Value created / year
+86.4%
↓ details

Liquidity

Daily turnover (MOEX)
33.8 mln RUB

Shares: connector/market_inputs

Amounts: USD (converted) · As reported
Converted modes use NBK / ECB-linked rates: balance sheet date for BS items, period average for P&L and cash flow (see filing row evidence). As reported keeps each row in its filing currency.

Financial results

Monetary columns are in M RUB, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueM RUBOperating profitM RUBD&AM RUBEBITDAM RUBNet profitM RUBOperating CFM RUBCapex + M&AM RUBAssetsM RUBEquityM RUBROE (annualized)Net debtM RUBSource
2025-12-31H2 2025 (6M)OK7397.0
y/y 100.7%
4171.2
y/y 226.6%
96.0
y/y 72.4%
4267.2
y/y 220.1%
3875.6
y/y 191.3%
2884.1-431.18960.1
y/y 102.1%
5688.6
y/y 138.6%
90.2%-2560.0Report (PDF)
2025-06-30H1 2025 (6M)OK1356.4
y/y -41.7%
-1254.5
y/y -326.4%
63.8
y/y 35.5%
-1190.8
y/y -298.1%
-920.0
y/y -251.3%
392.4-186.92859.3
y/y 9.3%
863.3
y/y -11.4%
-113.3%-557.2Report (PDF)
2024-12-31H2 2024 (6M)OK3686.1
y/y 26.2%
1277.2
y/y -23.1%
55.7
y/y 49.3%
1332.9
y/y -21.5%
1330.4
y/y -13.1%
1299.2-38.84433.4
y/y 32.1%
2384.4
y/y —
115.4%-1159.0Report (PDF)
2024-06-30H1 2024 (6M)OK2328.6
y/y 126.0%
554.2
y/y —
47.0
y/y 58.2%
601.2
y/y —
608.0
y/y —
391.3-27.52615.7
y/y —
974.0
y/y —
-222.9%152.2Report (PDF)
2023-12-31H2 2023 (6M)OK2920.2
y/y —
1660.7
y/y —
37.3
y/y —
1698.0
y/y —
1531.7
y/y —
588.6-93.03356.2
y/y —
-2065.0
y/y —
—-1048.6Report (PDF)
2023-06-30H1 2023 (6M)PARTIAL1030.5
y/y —
-65.9
y/y —
29.7
y/y —
-36.1
y/y —
-75.3
y/y —
526.6-51.3—
y/y —
—
y/y —
—-1335.0—

Revenue & EBITDA

RevenueEBITDA

Quarterly values (₽ mln)

-2 00002 0004 0006 0008 0002023 H12023 H22024 H12024 H22025 H12025 H2

Year-over-year change

-400%-200%0%200%2023 H12023 H22024 H12024 H22025 H12025 H2

Cash flow

FCF (₽ mln)

01 0002 0003 0002023 H12023 H22024 H12024 H22025 H12025 H2

Net debt / cash (₽ mln)

-3 000-2 000-1 00002023 H12023 FY2024 H12024 FY2025 H12025 FY

EBITDAC (EBITDA less capitalised development)

Software firms capitalise much of their development spend into intangibles, so EBITDA overstates cash earnings. EBITDAC = EBITDA − capitalised development (the metric Positive Technologies reports itself).

EBITDAC (FY 2025): 2.7 blnEV/EBITDA (FY): 4.2xEV/EBITDAC (FY): 4.8x

PeriodEBITDACapitalised dev.EBITDACEBITDAC % rev.
2025-12-31 H24 267−1764 09255%
2025-12-31 FY3 076−3472 73031%
2025-06-30 H1-1 191−171-1 362-100%
2024-12-31 H21 333−181 31536%
2024-12-31 FY1 934−311 90332%
2024-06-30 H1601−1358825%

RUB mln

Fundamental value creation

Value the company creates per year, as a % of market cap

Value created per year: +86.4%

How this was calculated
1. EBITDA growth (latest quarter YoY, annualised)
[EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X (2025-12-31 vs 2024-12-31)
= (4 267 − 1 333) × 0.72
2 115
2. Current EV/EBITDA (LTM)
(Market cap + Net debt) ÷ EBITDA (LTM)
= (15 593 + -2 560) ÷ 3 076
4.2x
3. Target multiple
(Current EV/EBITDA + 6.5) ÷ 2
= (4.2 + 6.5) ÷ 2
5.4x
4. Cash flow (balance method, LTM)
Net-debt reduction + dividends + buybacks − equity issuance
= 1 401 + 717 + 0 − 0
2 118
5. Value created per year
(EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap
= (2 115 × 5.4 + 2 118) ÷ 15 593
+86.4%

Amounts in millions of the reporting currency. EBITDA growth is the latest quarter vs the same quarter a year ago, annualised.

Caveats:

  • half-year basis (semi-annual reporter)

Revenue growth & acceleration

Growth decelerating ▼
Last-year revenue growth +46% vs +52% the year before — a -6.7 pp move. 3-year CAGR +52%.
revenue growth by year: 2023 +58% · 2024 +52% · 2025 +46%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

Dividend potential

Dividend-model upside: +39%

The payout is forecast from smoothed profit × payout ratio, capped by free cash flow (developers exempt — escrow) and floored at the recent actual dividend (companies hold payouts while profitable). Fair yield = key rate + the historical yield-spread to the rate (so growers that historically traded below the rate score higher). Upside = fair price / current − 1.

1 · Forecast dividend (per policy)
Smoothed net profit (median YTD-ann./LTM/FY)3 bn RUB
Payout ratio30%
Free cash flow (FY, OCF − capex) — not a cap (leverage -0.8x)3 bn RUB
Recent actual dividend (3-yr median)6.43 ₽
= Forecast dividend per share6.43 ₽
2 · Fair yield (spread to key rate)
CBR key rate14.2%
Historical yield spread to rate (3-yr median)-12.3 pp
= Fair dividend yield7.0%
3 · Valuation → upside
Current price65.98 ₽
Forecast dividend yield9.8%
Fair price (dividend-based)91.86 ₽

Forecast, not investment advice. Earnings annualization and policy assumptions are estimates.

Dividend history

Paid, trailing 12-mo: 6.43 RUB/sh · 9.7%

Pay yearDividend /sh
20266.43 ₽
20253.43 ₽
Payments by period
PeriodEx-date/sh
2026 q22026-06-096.43 ₽
2025 q22025-06-053.43 ₽

Dividends

No dividend rows found for this issuer.

Corporate events

26.06.26Material event★ ▲ События (действия), оказывающие, по мнению эмитента, существенное влияние на стоимость или котировки его ценных бумаг
ПАО «Группа Аренадата» увеличивает доли в дочерних организациях до 100%, проведя конвертацию 9 069 767 привилегированных акций. В рамках программы долгосрочной мотивации сотрудников завершена конвертация 5 467 171 привилегированных акций. Общее количество обыкновенных голосующих акций теперь составляет 232,6 млн.
26.06.26Filing★ ▼ Начало размещения ценных бумаг
ПАО «Группа Аренадата» планирует разместить 9,07 млн обыкновенных акций с номинальной стоимостью 0,05 руб. за акцию. Размещение начнется и закончится 25.06.2026.
01.06.26AGM / Board★ ▲ Решения общих собраний участников (акционеров)
На годовом собрании акционеров ПАО «Группа Аренадата» 28.05.2026 года было принято решение о распределении чистой прибыли за 2025 год в размере 155,2 млн. руб. и о выплате промежуточных дивидендов за 1 квартал 2026 года в размере 1,25 млрд. руб. Также был избран новый Совет директоров и назначены аудиторские организации для проверки отчетности на 2026 год.
27.04.26AGM / Board★ ▲ Решения совета директоров (наблюдательного совета)
13.02.26Filing★ ▼ Погашение акций
12 февраля 2026 года ПАО «Группа Аренадата» погасит 8,86 млн конвертируемых привилегированных акций типа В, конвертированных в обыкновенные акции.
07.07.26BuybackПриобретение лицом права распоряжаться определенным количеством голосов, приходящихся на голосующие акции (доли), составляющие уставный капитал эмитента
Сергей Котляренко приобрел косвенное распоряжение 23,4 млн голосов (10,08%) акций ПАО 'Группа Аренадата' после конвертации привилегированных акций. Ранее он распоряжался 8,9 млн голосов (4,08%).
15.05.26Material eventИнформация об иных событиях (действиях), оказывающих, по мнению эмитента, существенное влияние на стоимость или котировки его ценных бумаг
ПАО «Группа Аренадата» объявила операционные результаты за 1 квартал 2026 года и анонсировала ряд значимых продуктовых релизов, включая Arenadata Catalog 1.0. Также запланировано годовое собрание акционеров на 28 мая 2026 года, где будут обсуждаться вопросы по выплате дивидендов.

Source: e-disclosure material filings over the last 180 days; ★ — flagged important by the classifier; summaries are automatic.

RU equity fund ownership

Disclosed in the top-10 of 1 of 17 funds, ≈7 млн ₽ combined. Last month: trimmed — 1, left top-10 — 1.

FundManagerWeight≈PositionΔ weight m/mDisclosure
SIPO Первая – Фонд АйПиОПервая8.28%7 млн ₽-0.59 pp29.05.2026
TITR Т-Капитал Акции ростаТ-Капиталleft top-10 (was 6.05%)29.05.2026

Source: monthly fund portfolio disclosures (investfunds); NAV is daily. Disclosures list each fund's top-10 only, so absence does not mean no position. Weight changes mix revaluation with trading. Fund flows and betas live in the fund monitor on the RU region page.

Investment-community mentions

Substantive mentions last 7 days: 0, last 30 days: 0 across tracked channels, broker research and shows. 1 passing mentions (digests, calendars) hidden.

Sources: Telegram channels (bloggers — blue chip, broker research — green), YouTube shows via transcripts (orange). Tone (▲/▼) is an automatic assessment in the stock's context. Quotes are fragmentary; authors' views are not our recommendations.

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of ArenaData — from primary filings.

Frequently asked questions

What is ArenaData's P/E ratio?
ArenaData trades at a P/E of 5.3x (price to trailing 12-month earnings).
What is ArenaData's EV/EBITDA?
ArenaData trades at 4.2x EV/EBITDA.
What is ArenaData's P/B ratio?
ArenaData trades at a P/B of 2.7x.
What is ArenaData's dividend yield?
ArenaData's trailing 12-month dividend yield is 7.0%.
What is ArenaData's return on equity (ROE)?
ArenaData's ROE is 136.3%.
What is ArenaData's market capitalization?
ArenaData's market cap is 15.6 bn RUB.