Company Valuation: Magnit

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 553,614 532,875 435,439 435,439 301,177 301,177
Change - -3.75% -18.28% 0% -30.83% 0%
Enterprise Value (EV) 1 1,032,575 1,186,209 987,631 1,093,713 1,090,085 1,397,492
Change - 14.88% -16.74% 10.74% -0.33% 28.2%
P/E 16.9x 11.1x 15.7x 6.72x 6.84x -9.75x
PBR 3.03x 2.98x 2.1x 1.9x 1.73x 2.11x
PEG - 0.2x -0.4x 0x -3.83x 0x
Capitalization / Revenue 0.36x 0.29x 0.19x 0.17x 0.1x 0.09x
EV / Revenue 0.66x 0.64x 0.42x 0.43x 0.36x 0.4x
EV / EBITDA 9.06x 7.6x 5.12x 5.46x 5.1x 4.54x
EV / EBIT 14.4x 10.9x 7.17x 7.58x 7.33x 9.96x
EV / FCF 8.67x 9.75x 7.44x 11.3x -334x -10x
FCF Yield 11.5% 10.3% 13.4% 8.88% -0.3% -9.97%
Dividend per Share 2 490.6 294.4 - 412.1 560 -
Rate of return 8.66% 5.41% - 9.28% 12.6% -
EPS 2 336.1 488.8 283.2 661 649.2 -455.3
Distribution rate 146% 60.2% - 62.3% 86.3% -
Net sales 1 1,553,777 1,856,079 2,351,996 2,544,689 3,043,434 3,509,226
EBITDA 1 113,969 156,132 192,987 200,320 213,927 308,072
EBIT 1 71,699 108,378 137,790 144,287 148,753 140,318
Net income 1 32,993 48,106 27,933 58,678 44,103 -30,890
Net Debt 1 478,961 653,333 552,192 658,274 788,908 1,096,315
Reference price 2 5,668.50 5,441.50 4,439.00 4,439.00 4,439.00 4,439.00
Nbr of stocks (in thousands) 97,665 97,928 98,094 98,094 67,848 67,848
Announcement Date 15/03/21 05/03/22 17/06/23 15/05/24 29/04/25 30/04/26
1RUB in Million2RUB
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
36.02x1.17x17.83x0.96% 825B
23.37x1.13x9.78x1.01% 50.68B
16.73x0.64x12.02x2.64% 40.29B
15.02x0.52x7.65x3.43% 38.83B
11.46x0.33x6.09x2.55% 35.47B
45.02x0.88x10.36x2.42% 34.02B
11.57x0.45x5.73x4.07% 31.66B
20.02x0.75x6.24x1.3% 26.42B
51.45x0.62x10.48x1.05% 24.12B
Average 25.63x 0.72x 9.58x 2.16% 122.97B
Weighted average by Cap. 32.74x 1.05x 15.50x 1.3%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA