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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 4.7 vs avg 9.8)

Sector: Information Technology

RU_DATA

Price chart

77.84 RUBDay 8.50%

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
77.84 RUB · 8.50%
Market cap
17.0 bn RUB

Growth

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

Multiples

P/E (LTM)
5.7x
3y avg: 10.6x
P/B (FY)
7.1x
P/E (ann.)
2.2x
EV/EBITDA (LTM)
4.7x
3y avg: 9.8x
EV/EBITDA (ann.)
1.7x

Cash return

Dividend yield
7.0%
FCF yield (LTM)
13.4%

Value creation

fundamental value/yr, % of market cap
Value created / year
+82.2%
↓ details

Liquidity

Daily turnover (MOEX)
86.2 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%-497.0Report (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%-1218.1Report (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%86.7Report (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 —
—-1009.7Report (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—

Net debt structure (leases included, IFRS 16) 2025-06-30

Short-term debt (incl. ST leases)14
Long-term debt (incl. LT leases)185
− Cash & equivalents696
Net debt-497

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): 4.7xEV/EBITDAC (FY): 5.3x

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: +82.2%

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)
= (16 971 + -2 560) ÷ 3 076
4.7x
3. Target multiple
(Current EV/EBITDA + 6.5) ÷ 2
= (4.7 + 6.5) ÷ 2
5.6x
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 × 5.6 + 2 118) ÷ 16 971
+82.2%

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: +13%

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 rate14.0%
Historical yield spread to rate (3-yr median)-12.4 pp
= Fair dividend yield7.0%
3 · Valuation → upside
Current price81.24 ₽
Forecast dividend yield7.9%
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 · 7.9%

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.

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.

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.

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 5.7x (price to trailing 12-month earnings).
What is ArenaData's EV/EBITDA?
ArenaData trades at 4.7x EV/EBITDA.
What is ArenaData's P/B ratio?
ArenaData trades at a P/B of 7.1x.
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 17.0 bn RUB.