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 26/4/19 25/6/20 30/4/21 1/3/22 2/5/24 2/5/24
1RUB in Million2RUB
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 583M
13.44x0.96x7.3x0.89% 56.41B
10.51x0.83x6.74x-.--% 38.76B
13.94x1.42x6.37x1.8% 28.89B
8.04x0.8x3.8x2.1% 25.34B
69.58x2.37x13.81x0.06% 21.3B
29.94x1.21x6.24x3.09% 18.35B
-14.28x1.63x11.12x-.--% 16.76B
11.1x1.18x4.69x3.14% 14.98B
8.51x0.41x4.01x3.58% 12.14B
Average 16.75x 1.20x 7.12x 1.63% 23.35B
Weighted average by Cap. 16.46x 1.16x 7.16x 1.3%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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