Company Valuation: Aeroflot

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 170,598 141,310 108,412 108,412 108,412 108,412
Change - -17.17% -23.28% 0% 0% 0%
Enterprise Value (EV) 1 823,806 842,897 611,363 738,537 705,985 643,314
Change - 2.32% -27.47% 20.8% -4.41% -8.88%
P/E -0.81x -4.14x -1.71x -12.2x 1.85x 1.04x
PBR -1.58x -1.02x -1.19x -1.27x -1.95x 1.63x
PEG - 0x -0.1x 0.1x -0x 0x
Capitalization / Revenue 0.56x 0.29x 0.26x 0.18x 0.13x 0.12x
EV / Revenue 2.73x 1.71x 1.48x 1.21x 0.82x 0.71x
EV / EBITDA -8.95x -547x -79x 3.73x 6.17x 5.45x
EV / EBIT -8.61x -177x -46.7x 3.95x 7.05x 6.83x
EV / FCF 350x 9.5x 12.3x 5.07x 9.25x -8.62x
FCF Yield 0.29% 10.5% 8.12% 19.7% 10.8% -11.6%
Dividend per Share 2 - - - - 5.27 -
Rate of return - - - - 19.1% -
EPS 2 -87.44 -14.23 -16.15 -2.256 14.89 26.65
Distribution rate - - - - 35.4% -
Net sales 1 302,182 491,733 413,316 612,194 856,785 902,261
EBITDA 1 -92,004 -1,540 -7,739 198,132 114,418 117,999
EBIT 1 -95,706 -4,757 -13,081 186,798 100,076 94,196
Net income 1 -117,613 -34,106 -50,361 -8,862 58,501 104,692
Net Debt 1 653,208 701,587 502,951 630,125 597,573 534,902
Reference price 2 71.18 58.96 27.60 27.60 27.60 27.60
Nbr of stocks (in thousands) 2,396,718 2,396,718 3,927,953 3,927,953 3,927,953 3,927,953
Announcement Date 3/10/21 3/2/22 2/7/24 3/5/24 3/4/25 3/4/26
1RUB in Million2RUB
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 1.35B
16.22x0.89x7.9x0.98% 52.58B
12.11x0.74x7.47x-.--% 33.6B
13.56x1.33x6.16x1.93% 26.52B
7.82x0.78x3.8x2.21% 23.64B
17.5x0.77x7.54x1.66% 21.28B
62.88x2.11x12.73x0.07% 19.04B
30.45x1.07x5.85x3.52% 16.28B
-9.6x1.59x11.09x-.--% 15.42B
8.79x1.06x4.48x3.73% 12.62B
Average 17.75x 1.15x 7.45x 1.57% 22.23B
Weighted average by Cap. 17.34x 1.07x 7.44x 1.34%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Aeroflot

Historical PBR trend

Valuation ratios - PBR - Aeroflot

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Aeroflot

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Aeroflot