Valuation ALROSA

Stocks

End-of-day quote Moscow Micex - RTS 08/07/2022			5-day change	1st Jan Change
66.84 ^RUB	+2.28%		-.--%	-

26/06	Russian diamond group Alrosa says Severalmaz unit suspends mining, transport operations for 3 months	RE
23/06	Russian rouble weakens, stocks fall amid fuel shortages after Ukrainian drone attacks	RE

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025
Market Cap ¹	7,08,852	8,85,712	4,82,093	4,82,093	4,82,093	4,82,093
Change	-	24.95%	-45.57%	0%	0%	0%
Enterprise Value (EV) ¹	7,40,083	9,46,913	4,91,414	5,18,231	5,80,232	5,70,484
Change	-	27.95%	-48.1%	5.46%	11.96%	-1.68%
P/E	22.3x	9.74x	4.8x	5.66x	22.8x	13.3x
PBR	2.68x	3.96x	1.5x	1.26x	1.3x	1.19x
PEG	-	0x	0.5x	-0.4x	-0.3x	0.2x
Capitalization / Revenue	3.47x	2.91x	1.82x	1.78x	2.27x	2.26x
EV / Revenue	3.63x	3.11x	1.85x	1.91x	2.73x	2.68x
EV / EBITDA	8.66x	6.86x	3.98x	3.92x	9.3x	10.2x
EV / EBIT	11.6x	8.18x	4.8x	4.95x	19.2x	26.9x
EV / FCF	10.5x	10.9x	33x	-24.7x	-12.1x	-24.6x
FCF Yield	9.52%	9.21%	3.03%	-4.04%	-8.29%	-4.06%
Dividend per Share ²	9.54	8.79	-	5.79	2.49	-
Rate of return	9.7%	7.16%	-	8.66%	3.73%	-
EPS ²	4.409	12.61	13.91	11.8	2.934	5.023
Distribution rate	216%	69.7%	-	49.1%	84.9%	-
Net sales ¹	2,04,116	3,04,123	2,65,030	2,70,956	2,12,336	2,13,050
EBITDA ¹	85,505	1,38,093	1,23,405	1,32,039	62,416	55,667
EBIT ¹	63,739	1,15,809	1,02,287	1,04,783	30,246	21,171
Net income ¹	31,783	90,953	1,00,357	85,122	21,162	36,230
Net Debt ¹	31,231	61,201	9,321	36,138	98,139	88,391
Reference price ²	98.33	122.80	66.84	66.84	66.84	66.84
Nbr of stocks (in thousands)	72,08,906	72,12,636	72,12,636	72,12,636	72,12,636	72,12,636
Announcement Date	02/03/21	02/03/22	26/02/24	26/02/24	28/02/25	27/02/26