MISX:YNDX

Stock Analysis Report

Executive Summary

Yandex N.V., an Internet and technology company, operates an Internet search engine in Russia and internationally.

Snowflake

Fundamentals

Flawless balance sheet with high growth potential.


Similar Companies

Share Price & News

How has Yandex's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-15.3%

YNDX

0%

RU Interactive Media and Services

1.9%

RU Market


1 Year Return

-15.3%

YNDX

0%

RU Interactive Media and Services

13.5%

RU Market

Return vs Industry: YNDX underperformed the Russian Interactive Media and Services industry which returned 13.8% over the past year.

Return vs Market: YNDX underperformed the Russian Market which returned 13.5% over the past year.


Shareholder returns

YNDXIndustryMarket
7 Day-15.3%0%1.9%
30 Day-20.0%0%-2.2%
90 Day-21.4%0%3.4%
1 Year-15.3%-15.3%0%0%21.8%13.5%
3 Year58.0%58.0%0%0%65.4%39.6%
5 Year74.0%74.0%0%0%166.2%108.9%

Price Volatility Vs. Market

How volatile is Yandex's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Yandex undervalued compared to its fair value and its price relative to the market?

24.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: YNDX (RUB1957.2) is trading below our estimate of fair value (RUB2593.19)

Significantly Undervalued: YNDX is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: YNDX is poor value based on its PE Ratio (33x) compared to the Interactive Media and Services industry average (28.2x).

PE vs Market: YNDX is poor value based on its PE Ratio (33x) compared to the Russian market (6.5x).


Price to Earnings Growth Ratio

Low PEG Ratio: YNDX is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: YNDX is overvalued based on its PB Ratio (3.4x) compared to the XE Interactive Media and Services industry average (2.6x).


Next Steps

Future Growth

How is Yandex forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?

25.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: YNDX's forecast earnings growth (25% per year) is above the savings rate (8.4%).

Earnings vs Market: YNDX's earnings (25% per year) are forecast to grow faster than the Russian market (4.6% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: YNDX's revenue (20.7% per year) is forecast to grow faster than the Russian market (4.1% per year).

High Growth Revenue: YNDX's revenue (20.7% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: YNDX's Return on Equity is forecast to be low in 3 years time (15.7%).


Next Steps

Past Performance

How has Yandex performed over the past 5 years?

27.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: YNDX's earnings have grown significantly by 27.6% per year over the past 5 years.

Accelerating Growth: YNDX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: YNDX had negative earnings growth (-53.1%) over the past year, making it difficult to compare to the Interactive Media and Services industry average (15.5%).


Return on Equity

High ROE: YNDX's Return on Equity (8.1%) is considered low.


Return on Assets

ROA vs Industry: YNDX's Return on Assets is below or equal to the Interactive Media and Services industry average last year.


Return on Capital Employed

ROCE Improving: YNDX's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Yandex's financial position?


Financial Position Analysis

Short Term Liabilities: YNDX's short term assets (RUB107.4B) exceeds its short term liabilities (RUB35.4B)

Long Term Liabilities: YNDX's short term assets (107.4B) exceeds its long term liabilities (13.0B)


Debt to Equity History and Analysis

Debt Level: YNDX is debt free.

Reducing Debt: YNDX has no debt compared to 5 years ago when its debt to equity ratio was 43.2%.

Debt Coverage: YNDX has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: YNDX has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: YNDX has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if YNDX's debt is covered by short term assets.


Next Steps

Dividend

What is Yandex's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%3.2%markettop25%8.8%industryaverage0%forecastin3Years0%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate YNDX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate YNDX's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if YNDX's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if YNDX's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of YNDX's dividend in 3 years as they are not forecast to pay a notable one for the Russian market.


Next Steps

Management

What is the CEO of Yandex's salary, the management and board of directors tenure and is there insider trading?

7.4yrs

Average management tenure


CEO

Arkady Volozh (55yo)

19.8yrs

Tenure

0

Mr. Arkady Volozh is the Founder of Yandex N.V. and has been its Chief Executive Officer since 2000. Mr. Volozh is the Principal Founder of Yandex N.V and has been its Chief Executive Officer since 2000. H ...


Management Age and Tenure

7.4yrs

Average Tenure

Experienced Management: YNDX's management team is seasoned and experienced (7.4 years average tenure).


Board Age and Tenure

5.9yrs

Average Tenure

55yo

Average Age

Experienced Board: YNDX's board of directors are considered experienced (5.9 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Arkady Volozh (55yo)

    Founder

    • Tenure: 19.8yrs
  • Elena Kolmanovskaya

    Co-Founder & Consultant

    • Tenure: 0yrs
  • Arkady Borkovsky

    Chief Technology Officer of Yandex Labs

    • Tenure: 0yrs
  • Dmitry Ivanov

    Head of Discovery Products

    • Tenure: 16.5yrs
  • Artem Savinovsky

    Chief Accounting Officer

    • Tenure: 7.4yrs
  • Greg Abovsky (42yo)

    CFO & COO

    • Tenure: 5.1yrs
  • Dmitriy Stepanov

    Chief Marketing Officer

    • Tenure: 0yrs
  • Vadim Marchuk

    Vice President of Corporate Development

    • Tenure: 0yrs
  • Elena Bunina

    Director of HR & Educational Programs

    • Tenure: 1.8yrs
  • Katya Zhukova

    Investor Relations Director

    • Tenure: 0yrs

Board Members

  • Esther Dyson (67yo)

    Non-Executive Director

    • Tenure: 13.8yrs
  • John Boynton (54yo)

    Non-Executive Chairman

    • Tenure: 3.4yrs
  • Herman Gref (55yo)

    Non-Executive Director

    • Tenure: 5.4yrs
  • Arkady Volozh (55yo)

    Founder

    • Tenure: 19.8yrs
  • Charlie Ryan (52yo)

    Non Executive Director

    • Tenure: 8.4yrs
  • Alexander Voloshin (63yo)

    Non-Executive Director

    • Tenure: 9.2yrs
  • Rogier Rijnja (56yo)

    Non-Executive Director

    • Tenure: 6.4yrs
  • Tigran Khudaverdyan

    Deputy Chief Executive Officer & Director

    • Tenure: 0.3yrs
  • Misha Parakhin

    Non-Executive Director

    • Tenure: 0.3yrs
  • Ilya Strebulaev (43yo)

    Non-Executive Director

    • Tenure: 1.3yrs

Company Information

Yandex N.V.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Yandex N.V.
  • Ticker: YNDX
  • Exchange: MISX
  • Founded: 2004
  • Industry: Interactive Media and Services
  • Sector: Media
  • Market Cap: US$9.978b
  • Listing Market Cap: US$640.240b
  • Shares outstanding: 326.93m
  • Website: https://ir.yandex.com

Number of Employees


Location

  • Yandex N.V.
  • Schiphol Boulevard 165
  • Schiphol
  • Noord-Holland
  • 1118 BG
  • Netherlands

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
YNDXNasdaqGS (Nasdaq Global Select)YesClass A Ordinary SharesUSUSDMay 2011
YDXDB (Deutsche Boerse AG)YesClass A Ordinary SharesDEEURMay 2011
YNDXMISX (Micex - Rts)YesClass A Ordinary SharesRURUBMay 2011
0EDMLSE (London Stock Exchange)YesClass A Ordinary SharesGBUSDMay 2011
NL_YNDXKAS (Kazakhstan Stock Exchange)YesClass A Ordinary SharesKZKZTMay 2011

Biography

Yandex N.V., an Internet and technology company, operates an Internet search engine in Russia and internationally. The company offers search, location-based, personalized, and mobile services that enable u ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/16 21:34
End of Day Share Price2019/10/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.