Company Valuation: Polyus

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 27,688 23,609 17,998 17,998 12,591 17,998
Change - -14.73% -23.77% 0% -30.04% 42.94%
Enterprise Value (EV) 1 30,169 25,829 20,213 25,308 18,787 25,077
Change - -14.38% -21.74% 25.21% -25.77% 33.48%
P/E Ratio 17.3x 10.4x 11.6x 8.98x 3.92x 3.34x
PBR 11.7x 6.8x 3.4x -19.8x 10.1x 3.63x
PEG - 0.3x -0.4x 0.3x 0x 0.2x
Capitalization / Revenue 5.54x 4.75x 4.23x 3.31x 1.71x 2.06x
EV / Revenue 6.04x 5.2x 4.75x 4.66x 2.56x 2.87x
EV / EBITDA 8.46x 7.58x 8.5x 6.84x 3.59x 4.39x
EV / EBIT 9.35x 8.43x 10.4x 7.89x 3.96x 4.84x
EV / FCF 18.7x 24.4x -91.8x 21.7x 17.7x 25.2x
FCF Yield 5.35% 4.1% -1.09% 4.61% 5.65% 3.96%
Dividend per Share 2 0.8483 0.772 0.5993 - 1.861 1.351
Rate of return 4.15% 4.41% 4.51% - 14% 10.2%
EPS 2 1.185 1.677 1.147 1.48 3.388 3.98
Distribution rate 71.6% 46% 52.2% - 54.9% 33.9%
Net sales 1 4,998 4,966 4,257 5,436 7,343 8,723
EBITDA 1 3,564 3,408 2,379 3,699 5,229 5,715
EBIT 1 3,227 3,065 1,935 3,209 4,746 5,176
Net income 1 1,598 2,270 1,560 1,729 3,219 3,789
Net Debt 1 2,481 2,220 2,215 7,310 6,196 7,079
Reference price 2 20.46 17.49 13.29 13.29 13.29 13.29
Nbr of stocks (in thousands) 1,353,100 1,350,050 1,354,240 1,354,240 947,420 1,354,244
Announcement Date 25/02/21 01/03/22 15/03/23 29/02/24 05/03/25 13/03/26
1USD in Million2USD
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
24.91x15.07x16.35x0.79% 43.04B
11x3.88x5.61x2.44% 41.51B
6.57x2.67x3.72x6.18% 35.6B
15.45x4.63x7.87x3.33% 18.61B
10.54x - - 6.24% 16.17B
5.62x1.77x3.45x4.79% 11.03B
21.08x11.35x14.16x0.75% 6.35B
41.67x5.17x7.88x1.62% 4.27B
6.74x0.51x4.18x7.66% 4.25B
Average 15.95x 5.63x 7.90x 3.76% 20.09B
Weighted average by Cap. 14.50x 6.72x 8.47x 3.4%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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