What is Fix Price (FIXR)'s P/E ratio?

Fix Price (FIXR) trades at a P/E of 4.0x (price to trailing 12-month earnings).

What is Fix Price (FIXR)'s EV/EBITDA?

Fix Price (FIXR) trades at 1.2x EV/EBITDA.

What is Fix Price (FIXR)'s P/B ratio?

Fix Price (FIXR) trades at a P/B of 0.7x.

What is Fix Price (FIXR)'s dividend yield?

Fix Price (FIXR)'s trailing 12-month dividend yield is 27.2%.

What is Fix Price (FIXR)'s return on equity (ROE)?

Fix Price (FIXR)'s ROE is 9.6%.

What is Fix Price (FIXR)'s market capitalization?

Fix Price (FIXR)'s market cap is 40.5 bn RUB.

Fix Price (FIXR) Stock — Financials, Valuation & Dividends

Fix Price is a variety-store retailer selling household goods, food and consumables at a few fixed low price points through thousands of stores in Russia and neighbouring countries.

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.

Date	Period	Status	RevenueB RUB	Operating profitB RUB	D&AB RUB	EBITDAB RUB	Net profitB RUB	Operating CFB RUB	Capex + M&AB RUB	AssetsB RUB	EquityB RUB	ROE (annualized)	Net debtB RUB	Source
2026-06-30	H1 2026 (6M)	OK	155.3 y/y 4.8% y/y 4.8%	6.7 y/y -9.1% y/y -9.1%	10.3 y/y 14.0% y/y 14.0%	17.0 y/y 3.6% y/y 3.6%	2.7 y/y -30.0% y/y -30.0%	18.5	-4.5	138.6 y/y 12.3%	52.7 y/y -1.6%	9.6%	6.1	Report (PDF)
2025-12-31	H2 2025 (6M)	OK	165.1 y/y 4.3% y/y 4.2%	12.7 y/y -32.0% y/y -29.1%	9.8 y/y 14.0% y/y 15.9%	22.5 y/y -15.5% y/y -14.7%	7.3 y/y -47.8% y/y -41.9%	24.4	-5.7	142.6 y/y 15.4%	60.8 y/y 22.5%	19.5%	3.1	Report (PDF)
2025-06-30	H1 2025 (6M)	OK	148.2 y/y 4.5% y/y 4.5%	7.3 y/y -36.6% y/y -36.6%	9.0 y/y 12.1% y/y 12.1%	16.4 y/y -16.5% y/y -16.5%	3.9 y/y -56.0% y/y -56.0%	17.4	-4.4	123.5 y/y —	53.5 y/y —	15.1%	5.0	Report (PDF)
2024-12-31	H2 2024 (6M)	OK	158.5 y/y 6.9% y/y —	17.9 y/y -10.4% y/y —	8.4 y/y 8.9% y/y —	26.3 y/y -4.3% y/y —	12.5 y/y -28.3% y/y —	26.5	-6.0	123.6 y/y -8.4%	49.7 y/y -24.7%	—	6.8	Report (PDF)
2024-06-30	H1 2024 (6M)	PARTIAL	141.8 y/y — y/y —	11.5 y/y — y/y —	8.1 y/y — y/y —	19.6 y/y — y/y —	8.9 y/y — y/y —	20.9	-2.3	— y/y —	— y/y —	—	-19.6	Evidence
2023-12-31	FY 2023 (12M)	OK	280.9 y/y — y/y —	32.8 y/y — y/y —	15.1 y/y — y/y —	48.0 y/y — y/y —	29.9 y/y — y/y —	35.2	-5.7	134.9 y/y —	66.0 y/y —	—	-22.6	Report (PDF)

Revenue & EBITDA

RevenueEBITDA

Quarterly values (₽ mln)

Year-over-year change

Cash flow

Operating and investing cash flow (OCF + ICF) (₽ mln)

Net debt / cash (₽ mln)

Profit and cash

Worth a look

In a typical year of 2021–2025 operating cash flow came to 2.21x of reported net profit; after capex, 1.87x.

year	2021	2022	2023	2024	2025
cash flow / profit	2.14x	2.75x	1.18x	2.21x	3.74x
accruals, % of assets	—	-29.1%	-3.9%	-21.0%	-21.5%

Last twelve months (to 2026-06-30): 4.29x of profit came back as operating cash flow.

net debt / EBITDA 0.1x · capex 0.5x of depreciation · dividends 0% of free cash flow

● Capex is 54% of depreciation - the asset base is being consumed faster than replaced.

Read from the reported annual statements: cash flow / profit is the median of the yearly operating cash flow over net profit for the years shown; accruals are (profit − operating cash flow) / assets, the classic gap between what was booked and what was collected. A gap can be growth in working capital, capitalised costs, revaluations or profit from associates — the panel points at it, the statements explain it. Not investment advice.

Quality / corporate governance

Potential discount −20% (factor 0.80)

This company's ranking potential is scaled down by a quality/governance factor from the signals below — de-prioritising 'cheap but problematic' names.

Dividend cut harder than profit: 45 -> 0.11 RUB over 2022-2026 (−100%) while profit -63% (−20%)

Fundamental value creation

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

Value created per year: +35.7%

How this was calculated

1. EBITDA growth (latest quarter YoY, annualised) [EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X (2026-06-30 vs 2025-06-30) = (16 961 − 16 364) × 2.32	1 387
2. Current EV/EBITDA (LTM) (Market cap + Net debt) ÷ EBITDA (LTM) = (40 520 + 6 144) ÷ 39 415	1.2x
3. Target multiple (Current EV/EBITDA + 6.5) ÷ 2 = (1.2 + 6.5) ÷ 2	3.8x
4. Cash flow (balance method, LTM) Net-debt reduction + dividends + buybacks − equity issuance = -1 169 + 10 307 + 5 − 0	9 143
5. Value created per year (EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap = (1 387 × 3.8 + 9 143) ÷ 40 520	+35.7%

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 steady →

Last-year revenue growth +4% vs +7% the year before — a -2.6 pp move. 3-year CAGR +5%.

revenue growth by year: 2023 +3% · 2024 +7% · 2025 +4%

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).

EV/EBITDA — daily history

Current 1.2x · 3-year 75th pct 2.7x

EV/EBITDA3-year 75th pct

Peer comparison

Group: Retail. Each peer is shown as it trades and re-priced onto this company's market (Russia) by the ratio of our coverage medians.

Company	Market	Cap, $bn	EV/EBITDA	EV/EBITDA, adjusted
Henderson	Russia	0.1	1.8x	1.8x
Magnit	Russia	1.5	2.0x	2.0x
Magazine Luiza	Brazil	2.0	4.5x	2.4x
Lenta	Russia	2.5	2.7x	2.7x
VseInstrumenti	Russia	0.5	2.7x	2.7x
Woolworths Holdings	South Africa	2.2	3.7x	2.8x
X5 Retail Group	Russia	6.6	2.9x	2.9x
Beluga	Russia	0.3	3.0x	3.0x
The Foschini Group	South Africa	1.0	5.0x	3.7x
Abrau Durso	Russia	0.2	4.9x	4.9x
Shoprite Holdings	South Africa	11.2	7.0x	5.2x
OKEY	Russia	0.2	5.5x	5.5x
Group median			3.4x	2.8x
Group average			3.8x	3.3x
This company	Russia	0.5	1.2x	1.2x

Group median 3.4x as traded, 2.8x adjusted; this company 1.2x — a 58% discount.

Group average 3.8x as traded, 3.3x adjusted; against the average this company is at a 64% discount.

At the adjusted group median the market cap would be +149% versus today.

The gap and the implied upside are measured against the median: one richly priced peer moves an average, not a median. The market adjustment uses our coverage medians (US 20.9x, Russia 3.7x, South Africa 5.0x, Kazakhstan 4.7x, India 18.8x, Indonesia 5.1x); it is about where a name is listed, not what it does. Peer multiples come from the nightly rebuild of 2026-10-22; the company's own is live.

Dividend potential

High yield on falling profit

The forecast yield is high but full-year profit fell >20% — the payout rests on past earnings and is likely to be cut. Upside is suppressed to avoid flagging a yield trap as a buy.

1 · Forecast dividend (per policy)
Smoothed net profit (median YTD-ann./LTM/FY)	10 bn RUB
Payout ratio	96%
Free cash flow (FY, OCF − capex) — not a cap (leverage 0.1x)	32 bn RUB
Recent actual dividend (3-yr median)	0.11 ₽
= Forecast dividend per share	0.11 ₽
2 · Fair yield (spread to key rate)
CBR key rate	14.0%
Historical yield spread to rate (3-yr median)	+13.1 pp
= Fair dividend yield	27.1%
3 · Valuation → upside
Current price	0.405 ₽
Forecast dividend yield	27.2%
Fair price (dividend-based)	0.460 ₽

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

Three-year model and IRR withheld

The number is withheld — here is why

Holding prices flat with current cost inflation wipes out modelled equity — read it as a risk signal, not a valuation

The path below is computed and shown in full, so you can see what the model rests on and where it breaks. Only the headline price and upside are hidden — those are what we do not trust.

base — LTM на 2026-06-30 (H1)

Metric, RUB mln	LTM, actual 12m to 30.06.2026	2027 12m to 30.06	2028 12m to 30.06	2029 12m to 30.06
Revenue	320.4 bn	336.8 bn	355.8 bn	376.9 bn
Revenue growth	—	+5%	+6%	+6%
EBITDA	39.4 bn	33.7 bn	34.3 bn	34.8 bn
EBITDA margin	12.3%	10.0%	9.6%	9.2%
less D&A	20.1 bn	20.7 bn	21.4 bn	22.1 bn
EBIT	19.3 bn	13.0 bn	12.9 bn	12.7 bn
less net interest	—	1.0 bn	2.5 bn	3.5 bn
less tax	—	3.0 bn	2.6 bn	2.3 bn
Net profit	10.0 bn	9.0 bn	7.8 bn	6.9 bn
Capex	10.2 bn	16.5 bn	17.1 bn	17.7 bn
Capex to revenue	3.2%	4.9%	4.8%	4.7%
Free cash flow	32.7 bn operating cash flow less capex	17.1 bn	15.7 bn	14.7 bn
Net debt	6.1 bn	20.0 bn	31.4 bn	44.4 bn
Net debt / EBITDA	0.2x	0.6x	0.9x	1.3x
Dividend per share	0.110 ₽	0.110 ₽	0.060 ₽	0.050 ₽

Where the growth comes from

Revenue-growth source	weight	growth: yr 1 · 2 · 3
Realised pace (acceleration/deceleration) LTM YoY +4%; acceleration +0.0pp LTM г/г по отчётности	100%	+5% · +6% · +6%

Model assumptions

Exit multiple	EV/EBITDA 1.18x (1.00x…1.73x)
No re-rating: min(current 1.2x, three-year median 2.1x). Re-rating to 1.7x on a falling rate is the bull case
Second valuation: discounted cash flow	1.54 ₽ (discount 13.1%, terminal growth 4.0%)
76% of that value sits beyond the three-year horizon
Key rate by year	13.2% · 9.8% · 8.1% (averaged over the 12 months to each model year end, not over the calendar year)
Cost inflation	6.2% · 5.6% · 5.3%
Dividend policy	96% of net profit, capped by cash flow
EBITDA calibration	×0.85
Year-3 EBITDA margin target	10.9%
Current CPI (actual)	6.3%, на 2026-09-30
Capex	capex/revenue intensity held at the base level, floored at 80% of D&A: growth may need no new plant, but wear still does
D&A	grows slower than revenue — elasticity 0.6: assets outlive the sales they carry
Interest	gross debt × (that year's key rate + 1.5pp) less cash yield at 0.85 of the rate. Debt is refinanced at par; free cash after dividends accumulates and cuts net debt
Tax	25% of pre-tax profit when positive; losses earn no tax credit
Working capital	neutral: FCF = EBITDA − capex − interest − tax
Governance	quality multiplier 0.80 — flags: dividend_decline; the model's dividend is cut 20% by penalties measured on distributions

Forecast accuracy measured on history

Historical forecast check	obs	median error	bias	±20%
Revenue	5	4%	1.03x	100%
EBITDA	5	18%	1.18x	60%
Net profit	5	33%	1.33x	20%

The model is anchored at each past reporting date with only the data available then, and its one-year-ahead forecast is compared with the actual. Rates and inflation are actuals, so this checks the operating forecast, not macro guessing.

Independent one-year estimates: eninvs Company_Forecast — 0.938 ₽; Frontier див-модель — 0.460 ₽. Ours on the same horizon — 0.200 ₽. Dropped as broken: eninvs DividendPrediction (2.978e-11)

Checks and caveats

✗ Holding prices flat with current cost inflation wipes out modelled equity — read it as a risk signal, not a valuation
⚠ Growth rests on a single source (momentum)
⚠ Year-3 margin 9% is below the worst year on record (12%), though inside tolerance
⚠ The miss is one-sided and in the dangerous direction: across 5 measurements the median EBITDA forecast came to 1.18 of actual — the model consistently OVERSTATES this name. The IRR here is more a ceiling than a floor
⚠ Net debt grows for reasons beyond a cash shortfall: over 2 years it added 5.9% of revenue a year on top of cash flow and dividends (range +3.0…+8.9%) — new leases, acquisitions, revaluation. That addition is carried in the forecast; without it the model would show deleveraging where debt keeps rising
⚠ One-year value 0: nearest independent is Frontier див-модель (0.43x), median 1. Compared with: eninvs Company_Forecast, Frontier див-модель
✓ Revenue CAGR +6%
✓ Year-3 net debt/EBITDA 1.3x
✓ Three-year dividends — 54% of the current price
✓ IRR -28%
✓ Base is fresh: report 4 months old
✓ Historical check (5 observations): median EBITDA miss 2.2 pp of margin, within ±5 pp in 100% of cases, relative error 18% at bias 1.18x, revenue 4%
✓ Governance: quality multiplier 0.80 (flags: dividend_decline). Penalties measured on distributions cut the model's dividend by 20%
✓ The formula undercounts cash: over 4 reported years free cash flow came to 1.36 of 'EBITDA less capex, interest and tax', and the excess held in 3 of 4 years. The forecast is scaled up 1.30x — never above 1.3, which would extrapolate a good year

The model historically overstated this name's EBITDA by 1.18x (5 observations), so the path is trimmed by 15%.

A forecast, not investment advice. Related-market prices are held at today's level, so the model answers what the business earns and is worth if markets stay here — it does not predict prices.

Dividend history

Paid, trailing 12-mo: 0.11 RUB/sh · 27.2%

Pay year	Dividend /sh
2026	0.11 ₽
2024	45.15 ₽
2022	6.80 ₽
2021	11.50 ₽

Payments by period

Period	Last day to buy	/sh
2026 q2	2026-05-18	0.11 ₽
2024 q4	2024-12-12	35.31 ₽
2024 q1	2024-01-25	9.84 ₽
2022 q2	2022-05-25	6.80 ₽
2021 q3	2021-09-22	11.50 ₽

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.

Granite Trade 2026-09-09 08:29
▲ …данием ЦБ. Сам банк выглядит крепко в текущих реалиях, но пока сектор не в фаворе и торгуется хуже рынка. 2)Fix Price: лучик света в темном царстве Компания недавно отчиталась по МСФО за 2кв 2026. Выручка выросла на 7%… open
Аналитика Т-Инвестиций 2026-08-12 15:39
▼ …тся. Влияет экономия населения и снижение инфляции. Самая слабая динамика сопоставимых продаж — у Henderson и Fix Price. 👎При этом расходы ритейлеров продолжают расти. Рентабельность EBITDA у компаний сектора снижается… open
Совкомбанк Инвестиции 2026-06-26 18:20
Анализ инвестиционной привлекательности Fix Price (FIXR) Fix Price — крупнейший в России ритейлер формата фиксированных цен с уникальной бизнес-модел… open
Invest Heroes 2026-05-04 19:05
▼ …я в т.ч. активным открытием магазинов (+20% и +34% соответственно) и приобретением сети Реми в конце 2025 г. Fix Price: Продолжающаяся стагнация Сеть продолжает демонстрировать слабые операционные результаты: выручка р… open
Granite Trade 2026-05-04 08:20
▼ …патель по ряду причин может не найтись. Так что покупка под этот триггер кажется несколько оптимистичной. 3)Fix Price: народ уходит Выручка компании выросла на 2,5% до 73 миллиардов рублей. Скорректированная EBITDA упа… open
Granite Trade 2026-03-04 08:02
▼ …ондовый рынок Кореи падает на 10%, правда, перед этим он вырос на 50% с начала года. Мир трясет. Компании: 1)Fix Price: не все так радужно Копания слабо отчиталась по МСФО за 2025 год. Выручка компании выросла на 4,3%… open
Granite Trade 2026-01-21 08:09
…4% ДД. В целом актив остается интересным, потихоньку в стратегиях сокращал долю Транснефти в пользу Сбера. 3)Fix Price: обратный сплит Компания меняет поведение на 180 градусов. При переезде в РФ был сплит вместо 1 акци… open
Invest Heroes 2025-11-07 20:58
▲ …е давление на плотность продаж (тк требуется время прежде, чем приоткрытый салон выйдет на полную мощность). Fix Price • Выручка за 3 квартал выросла на 5.9% г/г до 80 млрд руб. на фоне роста торговой площади на 10% г/… open

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

13.07.26	Buyback	★ ▲ Приобретение подконтрольной эмитенту организацией голосующих акций (долей) эмитента или депозитарных расписок на акции эмитента Компания ПАО 'Фикс Прайс' приобрела 93,9 млн. голосующих акций, увеличив свою долю до 144,1 млн. акций. Приобретение произошло на Московской Бирже 11.07.2026.
12.05.26	Filing	★ Дата определения (фиксации) лиц, имеющих право на осуществление прав по ценным бумагам эмитента ПАО 'Фикс Прайс' установило дату фиксирования лиц, имеющих право на получение дивидендов за 1 квартал 2026 года на 19 мая 2026 года. Дивиденды будут выплачены по обыкновенным акциям с регистрационным номером 1-01-08699-G.
20.10.26	AGM / Board	Решения общих собраний участников (акционеров) На внеочередном общем собрании акционеров ПАО 'Фикс Прайс' 15 октября 2026 года было принято решение об утверждении Устава и Положения об Общем собрании акционеров в новых редакциях. Кворум был обеспечен, за каждое из решений проголосовало более 99,9% акционеров.
09.09.26	Material event	События (действия), оказывающие, по мнению эмитента, существенное влияние на стоимость или котировки его ценных бумаг ПАО 'Фикс Прайс' вынесет на общее собрание акционеров вопросы об утверждении нового Устава и Положения об Общем собрании. Дата собрания - 09.09.2026. Обыкновенные акции компании имеют регистрационный номер 1-01-08699-G и ISIN RU000A10B5G8.
09.09.26	AGM / Board	Решения совета директоров (наблюдательного совета) Совет директоров ПАО «Фикс Прайс» на заседании 09.09.2026 утвердил три политики: внутреннего контроля, управления рисками и внутреннего аудита. Все решения были приняты единогласно с 9 голосами 'ЗА'. Обыкновенные акции компании имеют регистрационный номер 1-01-08699-G.

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

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 Fix Price (FIXR) — from primary filings.

Fix Price (FIXR) RUB

Price chart

Key metrics

Market

Growth

Multiples

Cash return

Value creation

Liquidity