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Diasoft RUB

At a glance: strengths & risks
✓Dividend yield above fair (12% vs 7%)✗Profit falling (-77%)

Sector: Information Technology

RU_DIAS

Price chart

1 065 RUBDay 5.50%

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
1 065 RUB · 5.50%
Market cap
11.2 bn RUB

Growth

Δ revenue y/y
-2.8%
Δ EBITDA y/y
-80.1%

Multiples

P/E (LTM)
20.6x
3y avg: 18.1x
P/B (FY)
2.1x
P/E (ann.)
61.3x
EV/EBITDA (LTM)
17.1x
3y avg: 14.8x
EV/EBITDA (ann.)
13.0x

Cash return

Dividend yield
17.9%
FCF yield (LTM)
—

Value creation

fundamental value/yr, % of market cap
Value created / year
-103.6%
↓ details

Liquidity

Daily turnover (MOEX)
28.7 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 B 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.

DatePeriodStatusRevenueB RUBOperating profitB RUBD&AB RUBEBITDAB RUBNet profitB RUBOperating CFB RUBCapex + M&AB RUBAssetsB RUBEquityB RUBROE (annualized)Net debtB RUBSource
2026-03-31H2 2026 (6M)PARTIAL5.9
y/y -1.4%
0.6
y/y -67.1%
—
y/y —
0.2
y/y -89.9%
0.5
y/y -73.1%
———
y/y —
—
y/y —
———
2025-09-30H1 2026 (6M)OK3.9
y/y -4.8%
0.0
y/y -96.0%
0.4
y/y 26.8%
0.4
y/y -59.4%
0.1
y/y -87.2%
0.5-0.78.5
y/y 9.5%
6.2
y/y 2.5%
3.2%-1.3Report (PDF)
2025-03-31H2 2025 (6M)OK6.0
y/y 3.7%
1.7
y/y -20.9%
0.3
y/y -4.8%
2.0
y/y -18.9%
1.7
y/y -21.3%
1.10.48.5
y/y -0.4%
5.3
y/y -20.1%
42.3%-0.4Report (PDF)
2024-09-30H1 2025 (6M)OK4.1
y/y 20.8%
0.7
y/y -30.9%
0.3
y/y 17.8%
0.9
y/y -21.2%
0.7
y/y -22.2%
0.5-0.77.8
y/y 68.3%
6.0
y/y 107.4%
22.5%-2.5Report (PDF)
2024-03-31H2 2024 (6M)OK5.8
y/y —
2.1
y/y —
0.3
y/y —
2.4
y/y —
2.1
y/y —
1.60.38.6
y/y -0.7%
6.7
y/y 9.4%
64.0%-1.3Report (PDF)
2023-09-30H1 2024 (6M)OK3.4
y/y —
1.0
y/y —
0.2
y/y —
1.2
y/y —
0.9
y/y —
1.3-0.44.6
y/y —
2.9
y/y —
40.9%-0.3Report (PDF)
2023-03-31FY 2023 (12M)OK7.2
y/y —
2.6
y/y —
0.4
y/y —
3.0
y/y —
2.6
y/y —
2.90.08.6
y/y —
6.1
y/y —
—-0.7Report (PDF)

Revenue & EBITDA

RevenueEBITDA

Quarterly values (₽ mln)

-2 50002 5005 0007 50010 0002023 q12023 q32023 q42024 q12024 q32024 q42025 q12025 q32025 q42026 FY

Year-over-year change

-20%0%20%40%2023 q12023 q32023 q42024 q12024 q32024 q42025 q12025 q32025 q42026 FY

Cash flow

FCF (₽ mln)

-2 000-1 00001 0002 0002023 q12023 q32023 q42024 q12024 q32024 q42025 q12025 q32025 q42026 FY

Net debt / cash (₽ mln)

-2 500-2 000-1 500-1 000-50002023 q32023 q42024 q12024 q32024 q42025 q12025 q32025 q42026 q12026 q4

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 2026): -794.8 mlnEV/EBITDA (FY): 17.1xEV/EBITDAC (FY): <0

PeriodEBITDACapitalised dev.EBITDACEBITDAC % rev.
2026-03-31 FY581−1 376-795-8%
2025-09-30 H1381−675-293-8%
2025-03-31 FY2 918−1 3631 55615%
2024-09-30 H1940−6133268%
2024-03-31 FY3 631−1 0462 58528%
2023-09-30 H11 192−41178123%

RUB mln

Fundamental value creation

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

Value created per year: -103.6%

How this was calculated
1. EBITDA growth (latest quarter YoY, annualised)
[EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X (2025-09-30 vs 2024-09-30)
= (381 − 940) × 7.65
-2 259
2. Current EV/EBITDA (LTM)
(Market cap + Net debt) ÷ EBITDA (LTM)
= (11 182 + -1 253) ÷ 2 918
3.4x
3. Target multiple
(Current EV/EBITDA + 6.5) ÷ 2
= (3.4 + 6.5) ÷ 2
5.0x
4. Cash flow (balance method, LTM)
Net-debt reduction + dividends + buybacks − equity issuance
= -1 241 + 840 + 0 − 0
-401
5. Value created per year
(EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap
= (-2 259 × 5.0 + -401) ÷ 11 182
-103.6%

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)
  • FCF unavailable — treated as 0
  • EBITDA growth from 3-yr FY trend, min of avg & latest YoY (anomalous latest-period delta)
  • EBITDA-growth term clamped to ±market cap

Revenue growth & acceleration

Growth decelerating ▼
Last-year revenue growth -3% vs +10% the year before — a -12.8 pp move. 3-year CAGR +11%.
revenue growth by year: 2024 +27% · 2025 +10% · 2026 -3%
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: +78%

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)1 bn RUB
Payout ratio73%
Recent actual dividend (3-yr median)120.00 ₽
= Forecast dividend per share120.00 ₽
2 · Fair yield (spread to key rate)
CBR key rate14.2%
Historical yield spread to rate (3-yr median)-14.6 pp
= Fair dividend yield7.0%
3 · Valuation → upside
Current price995 ₽
Forecast dividend yield12.1%
Fair price (dividend-based)1774 ₽

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

Dividend history

Paid, trailing 12-mo: 120.00 RUB/sh · 12.1%

Pay yearDividend /sh
2026102.00 ₽
2025196.30 ₽
2024149.28 ₽
Payments by period
PeriodEx-date/sh
2026 q12026-03-20102.00 ₽
2025 q42025-12-1918.00 ₽
2025 q32025-07-0780.00 ₽
2025 q12025-03-2098.30 ₽
2024 q32024-09-1973.60 ₽
2024 q12024-03-2075.68 ₽

Dividends

No dividend rows found for this issuer.

Corporate events

30.06.26AGM / Board★ ▼ Решения общих собраний участников (акционеров)
На годовом общем собрании акционеров ПАО "Диасофт", состоявшемся 30 июня 2026 года, было решено не распределять чистую прибыль за 2025 год в размере 626,0 млн. руб. и оставить её в распоряжении компании. Также был установлен размер вознаграждения Совета директоров в 2,0 млн. руб. в месяц и назначена аудиторская организация ООО "Финансовые и бухгалтерские консультанты".
06.02.26Filing★ ▲ Созыв общего собрания участников (акционеров)
ПАО 'Диасофт' проводит внеочередное общее собрание акционеров с заочным голосованием, запланированное на 12 марта 2026 года. В повестке дня стоит вопрос о выплате дивидендов по результатам прошлых лет.
23.06.26AGM / BoardРешения совета директоров (наблюдательного совета)
На заседании совета директоров ПАО 'Диасофт' 23 июня 2026 года было принято решение о прекращении полномочий члена Правления Сергея Радченкова и изменении количественного состава Правления до 12 человек. Утвержден новый состав Правления, включая Александра Глазкова в качестве Председателя. Все 8 членов совета проголосовали 'ЗА' прекращение полномочий.
01.06.26Material eventСобытия (действия), оказывающие, по мнению эмитента, существенное влияние на стоимость или котировки его ценных бумаг
29 мая 2026 года в Москве прошла конференция «Летний партнерский день «Диасофт», на которой были представлены новые решения компании, включая AI-Driven версию экосистемы Digital Q и ERP-систему Digital Q.ERP. Эти продукты могут повлиять на стоимость акций компании, которые имеют регистрационный номер 1-01-84777-H и ISIN RU000A107ER5.

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

Investment-community mentions

Substantive mentions last 7 days: 0, last 30 days: 2 (2 negative) across tracked channels, broker research and shows. 7 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 Diasoft — from primary filings.

Frequently asked questions

What is Diasoft's P/E ratio?
Diasoft trades at a P/E of 20.6x (price to trailing 12-month earnings).
What is Diasoft's EV/EBITDA?
Diasoft trades at 17.1x EV/EBITDA.
What is Diasoft's P/B ratio?
Diasoft trades at a P/B of 2.1x.
What is Diasoft's dividend yield?
Diasoft's trailing 12-month dividend yield is 17.9%.
What is Diasoft's return on equity (ROE)?
Diasoft's ROE is 3.2%.
What is Diasoft's market capitalization?
Diasoft's market cap is 11.2 bn RUB.