Re-runs extraction for each period with period-end year from max(2023, current year − 2) through the current year, oldest first (up to three reporting years). This can take a long time.
Sector: Information Technology
RU_IVAT
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.
Shares: connector/market_inputs
| Period | Issues |
|---|---|
| 2023-06-30 H1 | ✓OK |
| 2023-12-31 FY | ✓OK |
| 2023-12-31 H2 | ✗Errors 1 |
| 2024-06-30 H1 | ✗Errors 1Warn 1 |
| 2024-12-31 FY | ⚠Warn 1 |
| 2024-12-31 H2 | ✗Errors 1Warn 1 |
| 2025-06-30 H1 | ⚠Warn 1 |
| 2025-12-31 FY | ⚠Warn 2 |
| 2025-12-31 H2 | ✗Errors 1Warn 2 |
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.
| Date | Period | Status | RevenueM RUB | Operating profitM RUB | D&AM RUB | EBITDAM RUB | Net profitM RUB | Operating CFM RUB | Capex + M&AM RUB | AssetsM RUB | EquityM RUB | ROE (annualized) | Net debtM RUB | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025-12-31 | H2 2025 (6M) | OK | 2133.3 y/y -5.5% | 1264.0 y/y -12.5% | 191.3 y/y 36.8% | 1455.3 y/y -8.2% | 1115.9 y/y -20.2% | 761.0 | -5.9 | 8585.4 y/y 22.7% | 6524.1 y/y 27.9% | 23.9% | 696.8 | Report (PDF) |
| 2025-06-30 | H1 2025 (6M) | OK | 1069.6 y/y 0.1% | 359.1 y/y -29.3% | 191.7 y/y 53.9% | 550.9 y/y -12.9% | 307.6 y/y -38.4% | 911.3 | -4.0 | 7424.6 y/y 34.0% | 5408.2 y/y 46.1% | 11.7% | 610.4 | Report (PDF) |
| 2024-12-31 | H2 2024 (6M) | OK | 2258.3 y/y 30.3% | 1445.2 y/y 13.3% | 139.8 y/y 59.0% | 1585.0 y/y 16.2% | 1398.9 y/y 9.4% | 1458.5 | -46.5 | 6994.9 y/y 41.3% | 5100.6 y/y 34.5% | 43.1% | 438.7 | Report (PDF) |
| 2024-06-30 | H1 2024 (6M) | OK | 1068.5 y/y 48.2% | 508.0 y/y 5.7% | 124.6 y/y 58.4% | 632.6 y/y 13.1% | 499.0 y/y 3.0% | 254.3 | -13.2 | 5539.6 y/y 11.9% | 3701.7 y/y -2.4% | 26.6% | 600.6 | Report (PDF) |
| 2023-12-31 | H2 2023 (6M) | OK | 1732.7 y/y — | 1276.0 y/y — | 87.9 y/y — | 1363.9 y/y — | 1279.3 y/y — | 154.2 | -14.6 | 4952.1 y/y — | 3792.3 y/y — | 46.5% | -71.6 | Report (PDF) |
| 2023-06-30 | H1 2023 (6M) | OK | 721.1 y/y — | 480.6 y/y — | 78.7 y/y — | 559.2 y/y — | 484.4 y/y — | 548.2 | -0.6 | 4952.1 y/y — | 3792.3 y/y — | — | -197.0 | — |
Quarterly values ($ mln)
Year-over-year change
FCF ($ mln)
Net debt / cash ($ mln)
Dividend-model upside: -74%
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 ratio | 17% |
| Free cash flow (FY, OCF − capex) — caps payout | 2 bn RUB |
| Recent actual dividend (3-yr median) | 3.00 ₽ |
| = Forecast dividend per share | 3.00 ₽ |
| 2 · Fair yield (spread to key rate) | |
| CBR key rate | 14.5% |
| Historical yield spread to rate (3-yr median) | -14.4 pp |
| = Fair dividend yield | 7.0% |
| 3 · Valuation → upside | |
| Current price | 167.35 ₽ |
| Forecast dividend yield | 1.8% |
| Fair price (dividend-based) | 43 ₽ |
Forecast, not investment advice. Earnings annualization and policy assumptions are estimates.
Value the company creates per year, as a % of market cap
Value created per year: -15.6%
| 1. EBITDA growth (latest quarter YoY, annualised) [EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X (2025-12-31 vs 2024-12-31) = (1 455 − 1 585) × 1.38 | -179 |
| 2. Current EV/EBITDA (LTM) (Market cap + Net debt) ÷ EBITDA (LTM) = (7 815 + 697) ÷ 2 006 | 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 = -258 + 0 + 0 − 0 | -258 |
| 5. Value created per year (EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap = (-179 × 5.4 + -258) ÷ 7 815 | -15.6% |
Amounts in millions of the reporting currency. EBITDA growth is the latest quarter vs the same quarter a year ago, annualised.
Caveats:
No dividend rows found for this issuer.
Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)