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 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 2/25/21 A 3/1/22 A 3/15/23 A 2/29/24 A 3/5/25 A 3/13/26 A
1USD in Million2USD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 14.12B
24.57x14.86x16.12x0.8% 42.47B
9.92x3.46x5.01x2.7% 37.43B
6.53x2.65x3.69x6.21% 34.82B
15.78x4.72x8.03x3.26% 18.86B
10.23x - - 6.43% 15.72B
5.55x1.75x3.4x4.85% 10.73B
20.15x10.88x13.79x0.77% 6.2B
6.78x0.51x4.23x7.56% 4.29B
42.06x5.22x7.96x1.61% 4.28B
Average 15.73x 5.51x 7.78x 3.8% 18.89B
Weighted average by Cap. 14.27x 6.62x 8.34x 3.49%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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