Financials PIK-specialized homebuilder

Equities

PIKK

RU000A0JP7J7

Homebuilding

End-of-day quote Moscow Micex - RTS 06:00:00 2022-07-07 pm EDT 5-day change 1st Jan Change
757 RUB +0.01% Intraday chart for PIK-specialized homebuilder -.--% -.--%

Valuation

Fiscal Period: December 2016 2017 2018 2019 2020 2021
Capitalization 1 191,544 215,652 248,545 264,463 394,911 733,152
Enterprise Value (EV) 1 231,854 230,325 255,625 344,209 543,988 1,061,915
P/E ratio 9.54 x 67.8 x 12.1 x 5.89 x 4.57 x 7.12 x
Yield - 6.96% 6.04% 5.67% 7.6% -
Capitalization / Revenue 3.19 x 1.23 x 1.01 x 0.94 x 1.04 x 1.5 x
EV / Revenue 3.86 x 1.32 x 1.04 x 1.23 x 1.43 x 2.18 x
EV / EBITDA 19.7 x 24 x 6.51 x 5.94 x 5.98 x 11.4 x
EV / FCF -6.93 x 12.4 x 18.4 x -5.23 x -7.47 x -6.7 x
FCF Yield -14.4% 8.07% 5.43% -19.1% -13.4% -14.9%
Price to Book 3.47 x 3.88 x 3.75 x 2.43 x 2.19 x 2.85 x
Nbr of stocks (in thousands) 660,497 660,497 660,497 660,497 660,497 660,497
Reference price 2 290.0 326.5 376.3 400.4 597.9 1,110
Announcement Date 4/18/17 4/13/18 4/1/19 3/23/20 3/22/21 6/27/22
1RUB in Million2RUB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2016 2017 2018 2019 2020 2021
Net sales 1 60,090 175,134 245,757 280,635 380,161 487,806
EBITDA 1 11,765 9,613 39,282 57,994 90,955 92,775
EBIT 1 11,097 7,964 37,045 55,018 87,523 88,135
Operating Margin 18.47% 4.55% 15.07% 19.6% 23.02% 18.07%
Earnings before Tax (EBT) 1 23,154 2,977 28,581 59,238 105,275 124,142
Net income 1 20,082 3,117 20,474 44,900 86,381 102,846
Net margin 33.42% 1.78% 8.33% 16% 22.72% 21.08%
EPS 2 30.40 4.817 31.00 67.98 130.8 156.0
Free Cash Flow 1 -33,449 18,589 13,886 -65,807 -72,835 -158,599
FCF margin -55.66% 10.61% 5.65% -23.45% -19.16% -32.51%
FCF Conversion (EBITDA) - 193.38% 35.35% - - -
FCF Conversion (Net income) - 596.39% 67.82% - - -
Dividend per Share - 22.71 22.71 22.71 45.43 -
Announcement Date 4/18/17 4/13/18 4/1/19 3/23/20 3/22/21 6/27/22
1RUB in Million2RUB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2016 2017 2018 2019 2020 2021
Net Debt 1 40,310 14,673 7,080 79,746 149,077 328,763
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 3.426 x 1.526 x 0.1802 x 1.375 x 1.639 x 3.544 x
Free Cash Flow 1 -33,449 18,589 13,886 -65,807 -72,835 -158,599
ROE (net income / shareholders' equity) 46.5% 4.64% 34.2% 47.4% 59.1% 46.8%
ROA (Net income/ Total Assets) 2.99% 1.36% 6.35% 8.2% 9.76% 6.44%
Assets 1 672,043 229,969 322,618 547,334 884,951 1,596,492
Book Value Per Share 2 83.60 84.20 100.0 165.0 273.0 389.0
Cash Flow per Share 2 37.60 68.80 88.70 100.0 146.0 199.0
Capex 1 948 2,501 3,882 4,150 3,168 9,856
Capex / Sales 1.58% 1.43% 1.58% 1.48% 0.83% 2.02%
Announcement Date 4/18/17 4/13/18 4/1/19 3/23/20 3/22/21 6/27/22
1RUB in Million2RUB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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