AFK Sistema PAO
MOEX:AFKS

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AFK Sistema PAO
MOEX:AFKS
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Price: 11.95 RUB -2.8%
Market Cap: ₽115.3B

P/OCF

1.4
Current
46%
Cheaper
vs 3-y average of 2.7

Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.

P/OCF
1.4
=
Market Cap
₽132.4B
/
Operating Cash Flow
₽78.4B

Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.

P/OCF
1.4
=
Market Cap
₽132.4B
/
Operating Cash Flow
₽78.4B

Valuation Scenarios

AFK Sistema PAO is trading below its 3-year average

If P/OCF returns to its 3-Year Average (2.7), the stock would be worth ₽22.16 (85% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+137%
Average Upside
75%
Scenario P/OCF Value Implied Price Upside/Downside
Current Multiple 1.4 ₽11.95
0%
3-Year Average 2.7 ₽22.16
+85%
5-Year Average 2.3 ₽19.25
+61%
Industry Average 1.7 ₽14.11
+18%
Country Average 3.4 ₽28.36
+137%

Forward P/OCF
Today’s price vs future operating cash flow

Not enough data available to calculate forward P/OCF

Peer Comparison

All Multiples
P/OCF
P/E
All Countries
Close
Market Cap P/OCF P/E
RU
AFK Sistema PAO
MOEX:AFKS
113.4B RUB 1.4 -1.6
ZA
MTN Group Ltd
JSE:MTN
378.6B ZAR 4.9 18.7
ZA
Vodacom Group Ltd
JSE:VOD
281.5B ZAR 4.9 14.9
US
T-Mobile US Inc
NASDAQ:TMUS
210.1B USD 7.5 19.1
JP
SoftBank Group Corp
TSE:9984
34T JPY -515.3 9.1
CN
China Mobile Ltd
SSE:600941
1.3T CNY 4.8 9.6
IN
Bharti Airtel Ltd
NSE:BHARTIARTL
10.3T INR 8.7 34.2
MX
America Movil SAB de CV
BMV:AMXB
1.4T MXN 4.8 15.9
JP
SoftBank Corp
TSE:9434
10.5T JPY 8.3 18.4
JP
KDDI Corp
TSE:9433
9.8T JPY 6.6 13.8
UK
Vodafone Group PLC
LSE:VOD
27.9B GBP 2.1 -7.2
P/E Multiple
Earnings Growth PEG
RU
AFK Sistema PAO
MOEX:AFKS
Average P/E: 17.1
Negative Multiple: -1.6
N/A N/A
ZA
M
MTN Group Ltd
JSE:MTN
18.7
41%
0.5
ZA
V
Vodacom Group Ltd
JSE:VOD
14.9
19%
0.8
US
T-Mobile US Inc
NASDAQ:TMUS
19.1
19%
1
JP
SoftBank Group Corp
TSE:9984
9.1
-10%
N/A
CN
China Mobile Ltd
SSE:600941
9.6
3%
3.2
IN
Bharti Airtel Ltd
NSE:BHARTIARTL
34.2
16%
2.1
MX
America Movil SAB de CV
BMV:AMXB
15.9
21%
0.8
JP
SoftBank Corp
TSE:9434
18.4
7%
2.6
JP
KDDI Corp
TSE:9433
13.8
11%
1.3
UK
Vodafone Group PLC
LSE:VOD
Negative Multiple: -7.2 N/A N/A

Market Distribution

Lower than 78% of companies in Russia
Percentile
22nd
Based on 175 companies
22nd percentile
1.4
Low
0.1 — 1.6
Typical Range
1.6 — 5.7
High
5.7 —
Distribution Statistics
Russia
Min 0.1
30th Percentile 1.6
Median 3.4
70th Percentile 5.7
Max 34 853.2

AFK Sistema PAO
Glance View

Market Cap
115.3B RUB
Industry
Telecommunication

AFK Sistema PAO, a powerhouse in the Russian investment landscape, emerged in 1993 as a diverse holding company with its tentacles spread across numerous sectors. Headquartered in Moscow, Sistema has carved out a formidable presence by strategically investing in and developing a wide array of enterprises. The unique mosaic of its portfolio includes telecommunications, healthcare, retail, agriculture, financial services, and more, forming a complex yet balanced ecosystem of businesses. Sistema has a knack for detecting potential in various sectors, making it a pioneer in recognizing the rapidly evolving demands of the Russian market. This foresight is exemplified by its flagship investment in MTS, one of the leading telecom operators in Russia and the CIS, which significantly bolsters its revenue streams through robust subscriber growth and constant evolution in digital services. Sistema's business model thrives on nurturing its acquisitions while fostering innovation and efficiency within its subsidiaries. The core philosophy revolves around maximizing the value of its holdings by implementing operational excellence and strategic restructuring. The conglomerate leverages its management expertise and capital prowess to turn nascent opportunities into profitable ventures, thus enhancing shareholder value. By maintaining a balanced interplay of diverse sectors, Sistema mitigates risks inherent in individual markets while exploiting synergies across its portfolio. Revenue generation is propelled by both successful business expansions and astute divestitures, affirming its reputation as a dynamic investment force with a nimble approach towards the ever-changing economic landscape. Through calculated diversification and resolute capital management, AFK Sistema continues to wield significant influence in shaping the industrial fabric of Russia.

AFKS Intrinsic Value
33.73 RUB
Undervaluation 65%
Intrinsic Value
Price ₽11.95
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