Frontierby eninvs

Language: EN · RU

← Region

MTS USD

Update

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: Telecommunications

RU_MTSS

Price chart

227.15 RUBDay -0.02%

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
227.15 RUB · -0.02%
Market cap
6.0 bn USD

Growth

Δ revenue y/y
14.7%
Δ EBITDA y/y
18.0%

Multiples

P/E (LTM)
10.6x
3y avg: 10.6x
P/B (FY)
25.2x
P/E (ann.)
14.9x
EV/EBITDA (LTM)
—
3y avg: 155.5x
EV/EBITDA (ann.)
154.7x

Cash return

Dividend yield
15.0%
FCF yield (LTM)
—

Liquidity

Daily turnover (MOEX)
49.9 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.

🔍 Sanity check — subtotal consistency (Level-1 + Level-2) OK: 4 / Warn: 1 / Err: 11 / Autofix applied: 0
Port of PHP subtotal-total + sign-flip detection logic
PeriodIssues
2023-03-31 Q1✗Errors 1
2023-06-30 Q2✗Errors 2
2023-12-31 FY✓OK
2023-12-31 H2✓OK
2024-03-31 Q1✗Errors 1
2024-06-30 Q2✗Errors 2Warn 1
2024-09-30 9M✓OK
2024-12-31 FY✗Errors 2Warn 2
2024-12-31 H2✗Errors 2Warn 1
2025-03-31 Q1✗Errors 2Warn 1
2025-06-30 Q2✗Errors 2Warn 1
2025-09-30 9M⚠Warn 3
2025-09-30 Q3✗Errors 1Warn 2
2025-12-31 FY✗Errors 1Warn 2
2025-12-31 Q4✗Errors 1Warn 3
2026-03-31 Q1✓OK
✓ All checks pass · ⚠ Has warnings (review) · ✗ Has errors (needs fix) · ✓* Autofix applied (see evidence)

Financial dynamics

Monetary columns are in B USD, 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 USDOperating profitB USDD&AB USDEBITDAB USDNet profitB USDOperating CFB USDCapex + M&AB USDAssetsB USDEquityB USDROE (annualized)Net debtB USDSource
2026-03-31Q1 2026 (3M)OK2.8
y/y 14.7%
0.6
y/y 28.7%
0.5
y/y 7.2%
1.0
y/y 18.0%
0.1
y/y 33.3%
—-44.324.6
y/y 13.8%
0.4
y/y —
132.8%642.5Link
2025-12-31Q4 2025 (3M)OK3.1
y/y —
0.6
y/y —
0.4
y/y —
1.0
y/y —
0.3
y/y —
0.4-12.624.8
y/y 16.6%
0.2
y/y —
612.7%596.3Report (PDF)
2025-09-30Q3 2025 (3M)OK3.0
y/y —
0.6
y/y —
0.4
y/y —
1.0
y/y —
0.1
y/y —
1.8-20.324.9
y/y —
-0.1
y/y —
-38.6%596.7Report (PDF)
2025-06-30Q2 2025 (3M)OK2.7
y/y 14.4%
0.6
y/y 4.4%
0.5
y/y 20.6%
1.0
y/y 11.3%
0.0
y/y -55.3%
1.1-12.023.7
y/y 25.7%
-0.6
y/y —
-54.6%561.9Report (PDF)
2025-03-31Q1 2025 (3M)OK2.5
y/y 8.8%
0.4
y/y -4.0%
0.4
y/y 20.1%
0.9
y/y 6.6%
0.1
y/y -73.2%
0.5-17.321.6
y/y —
-0.1
y/y —
-252.8%534.5Report (PDF)
2024-12-31FY 2024 (12M)OK9.9
y/y 16.1%
1.9
y/y 10.7%
1.6
y/y -3.1%
3.5
y/y 4.0%
0.4
y/y -40.1%
0.9-23.521.3
y/y 17.5%
-0.2
y/y -753.1%
—560.8Report (PDF)
2024-09-30Q3 2024 (3M)PARTIAL—
y/y —
—
y/y —
—
y/y —
—
y/y —
—
y/y —
1.0-33.3—
y/y —
—
y/y —
—499.1Report (PDF)
2024-06-30Q2 2024 (3M)OK2.4
y/y 18.5%
0.5
y/y 21.5%
0.4
y/y -4.5%
0.9
y/y 8.9%
0.1
y/y -46.4%
0.3-14.618.9
y/y 22.9%
-0.3
y/y —
—439.2Report (PDF)
2024-03-31Q1 2024 (3M)PARTIAL2.3
y/y 8.3%
0.5
y/y 4.6%
0.4
y/y -9.6%
0.8
y/y -2.1%
0.3
y/y 34.6%
0.2-15.6—
y/y —
—
y/y —
—489.5Report (PDF)
2023-12-31FY 2023 (12M)OK8.5
y/y —
1.7
y/y —
1.6
y/y —
3.3
y/y —
0.7
y/y —
1.9-51.418.1
y/y —
0.0
y/y —
-485.9%489.9Report (PDF)
2023-06-30Q2 2023 (3M)OK2.0
y/y —
0.4
y/y —
0.4
y/y —
0.8
y/y —
0.2
y/y —
0.3-7.415.4
y/y —
-0.3
y/y —
—464.5Report (PDF)
2023-03-31Q1 2023 (3M)PARTIAL2.1
y/y —
0.4
y/y —
0.4
y/y —
0.9
y/y —
0.2
y/y —
0.3-7.4—
y/y —
—
y/y —
—427.4Report (PDF)
Data quality — review suggested

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

02 0004 0006 0002023 H22024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Year-over-year change

-50%0%50%100%2023 H22024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Cash flow

FCF ($ mln)

-600-400-20002004002023 H22024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Net debt / cash ($ mln)

0200 000400 000600 0002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Dividend potential

Dividend-model upside: +30%

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)39 bn RUB
Payout ratio100%
Free cash flow (FY, OCF − capex)213 bn RUB
Recent actual dividend (3-yr median)35.00 ₽
= Forecast dividend per share35.00 ₽
2 · Fair yield (spread to key rate)
CBR key rate14.5%
Historical yield spread to rate (3-yr median)-1.9 pp
= Fair dividend yield12.6%
3 · Valuation → upside
Current price227.05 ₽
Forecast dividend yield15.4%
Fair price (dividend-based)295 ₽

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

Fundamental value creation

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

Value created per year: ≤-300.0%

How this was calculated
1. EBITDA growth (latest quarter YoY, annualised)
[EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X (2026-03-31 vs 2025-03-31)
= (1 048 − 888) × 3.90
623
2. Current EV/EBITDA (LTM)
(Market cap + Net debt) ÷ EBITDA (LTM)
= (5 992 + 642 514) ÷ 4 083
30.0x — capped at 30x
3. Target multiple
(Current EV/EBITDA + 6.5) ÷ 2
= (30.0 + 6.5) ÷ 2
18.2x
4. Cash flow (balance method, LTM)
Net-debt reduction + dividends + buybacks − equity issuance
= -108 028 + 0 + 0 − 0
-108 028
5. Value created per year
(EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap
= (623 × 18.2 + -108 028) ÷ 5 992
≤-300.0%

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

Caveats:

Dividends

No dividend rows found for this issuer.

Investor reporting (IR): https://www.e-disclosure.ru/portal/files.aspx?id=236

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