Company Valuation: UTair Aviation

Data adjusted to current consolidation scope
Fiscal Period: December 2018 2019 2020 2021 2022 2023
Market Cap 1 27,771 25,699 24,354 27,662 28,898 28,898
Change - -7.46% -5.23% 13.58% 4.47% 0%
Enterprise Value (EV) 1 114,696 119,478 99,981 75,548 60,403 91,395
Change - 4.17% -16.32% -24.44% -20.05% 51.31%
P/E -1.27x -4.35x 7.27x 1.09x 10.9x 16.9x
PBR -0.88x -0.7x -0.95x 2.95x 2.3x 2.12x
PEG - 0.1x -0x 0x -0.1x -0.5x
Capitalization / Revenue 0.33x 0.3x 0.42x 0.36x 0.35x 0.29x
EV / Revenue 1.37x 1.38x 1.72x 0.98x 0.73x 0.92x
EV / EBITDA 11x 9x 13.3x 4.2x 2.37x 3.86x
EV / EBIT 27.6x 14.9x 31.1x 7.25x 3.53x 9.94x
EV / FCF 7.61x 69.1x 9.76x -15x 18.2x -9.75x
FCF Yield 13.1% 1.45% 10.3% -6.65% 5.49% -10.3%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -6.032 -1.624 0.9213 7.01 0.7324 0.4709
Distribution rate - - - - - -
Net sales 1 83,614 86,323 58,254 76,752 82,467 99,655
EBITDA 1 10,394 13,282 7,497 17,969 25,495 23,702
EBIT 1 4,149 8,018 3,218 10,424 17,112 9,193
Net income 1 -21,927 -5,902 3,349 26,854 4,370 2,810
Net Debt 1 86,925 93,779 75,627 47,886 31,506 62,498
Reference price 2 7.640 7.070 6.700 7.610 7.950 7.950
Nbr of stocks (in thousands) 3,634,919 3,634,919 3,634,919 3,634,919 3,634,919 3,634,919
Announcement Date 26/04/19 25/06/20 30/04/21 01/03/22 02/05/24 02/05/24
1RUB in Million2RUB
Estimates


P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 583M
12.48x0.89x6.92x0.96% 51.6B
10.02x0.77x6.34x-.--% 34.7B
12.62x1.28x5.78x1.98% 26.62B
7.82x0.77x3.65x2.3% 24.23B
62.98x2.18x12.7x0.07% 19.25B
27.35x1.07x5.71x3.76% 16.36B
-10.13x1.6x11.2x-.--% 15.66B
11.26x1.15x4.78x - 14.55B
-11.92x1.59x10.34x-.--% 11.49B
Average 13.61x 1.26x 7.49x 1.13% 21.51B
Weighted average by Cap. 14.20x 1.14x 7.09x 1.11%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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