MISX:AFLT

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Aeroflot - Russian Airlines

Executive Summary

Public Joint Stock Company Aeroflot - Russian Airlines, together with its subsidiaries, provides passenger and cargo air transportation services in Russia and internationally. More Details

Rewards

Trading at 78.8% below our estimate of its fair value

Earnings are forecast to grow 79.65% per year

Risk Analysis

No risks detected for AFLT from our risk checks.


Snowflake Analysis

Exceptional growth potential and slightly overvalued.


Similar Companies

Share Price & News

How has Aeroflot - Russian Airlines's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: AFLT has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-4.7%

AFLT

-0.6%

RU Airlines

0.6%

RU Market


1 Year Return

-27.0%

AFLT

-57.5%

RU Airlines

-2.8%

RU Market

Return vs Industry: AFLT exceeded the Russian Airlines industry which returned -58.1% over the past year.

Return vs Market: AFLT underperformed the Russian Market which returned -4% over the past year.


Shareholder returns

AFLTIndustryMarket
7 Day-4.7%-0.6%0.6%
30 Day-8.8%-19.1%-3.2%
90 Day-8.0%-16.7%0.8%
1 Year-27.0%-27.0%-48.8%-57.5%2.3%-2.8%
3 Year-54.0%-59.2%-52.2%-64.8%45.3%23.6%
5 Year137.0%93.5%-41.6%-54.2%110.8%63.4%

Price Volatility Vs. Market

How volatile is Aeroflot - Russian Airlines's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Aeroflot - Russian Airlines undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AFLT (RUB75.3) is trading below our estimate of fair value (RUB355.57)

Significantly Below Fair Value: AFLT is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: AFLT is unprofitable, so we can't compare its PE Ratio to the XE Airlines industry average.

PE vs Market: AFLT is unprofitable, so we can't compare its PE Ratio to the Russian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate AFLT's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: AFLT has negative assets, so we can't compare its PB Ratio to the XE Airlines industry average.


Next Steps

Future Growth

How is Aeroflot - Russian Airlines forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

79.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AFLT is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (8.3%).

Earnings vs Market: AFLT is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: AFLT's is expected to become profitable in the next 3 years.

Revenue vs Market: AFLT's revenue (20.7% per year) is forecast to grow faster than the Russian market (8.1% per year).

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


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AFLT's Return on Equity is forecast to be very high in 3 years time (150.8%).


Next Steps

Past Performance

How has Aeroflot - Russian Airlines performed over the past 5 years?

-28.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AFLT is currently unprofitable.

Growing Profit Margin: AFLT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: AFLT is unprofitable, and losses have increased over the past 5 years at a rate of 28.8% per year.

Accelerating Growth: Unable to compare AFLT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: AFLT is unprofitable, making it difficult to compare its past year earnings growth to the Airlines industry (-72.3%).


Return on Equity

High ROE: AFLT's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is Aeroflot - Russian Airlines's financial position?


Financial Position Analysis

Short Term Liabilities: AFLT has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: AFLT has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: AFLT has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: AFLT's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable AFLT has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: AFLT is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 22.6% per year.


Next Steps

Dividend

What is Aeroflot - Russian Airlines's current dividend yield, its reliability and sustainability?

3.57%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: AFLT's dividend (3.57%) isn’t notable compared to the bottom 25% of dividend payers in the Russian market (3.65%).

High Dividend: AFLT's dividend (3.57%) is low compared to the top 25% of dividend payers in the Russian market (8.63%).


Stability and Growth of Payments

Stable Dividend: AFLT's dividend payments have been volatile in the past 10 years.

Growing Dividend: AFLT's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: AFLT is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: AFLT's dividends in 3 years are forecast to be well covered by earnings (47.8% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.7yrs

Average management tenure


CEO

Vitaly Saveliev (66 yo)

11.42yrs

Tenure

Mr. Vitaly Gennadievich Saveliev serves as Chief Executive Officer and General Director at OAO Aeroflot-Russian Airlines 10 April 2009 and serves as its Executive Director since 2009 and served as its Gene ...


Leadership Team

NamePositionTenureCompensationOwnership
Vitaly Saveliev
Chairman of Management Board11.42yrsno data0.13%
RUB 101.2m
Andrey Chikhanchin
Deputy CEO of Commerce & Finance and Member of Management Board2.08yrsno datano data
Vasily Avilov
Deputy CEO of Administrative Mgmt. & Member of Management Boardno datano data0%
RUB 0
Vladimir Antonov
First Deputy CEO of Operations & Member of Management Board2.67yrsno data0.00044%
RUB 352.1k
Kirill Bogdanov
Deputy CEO of Information Technologies & Member of Management Boardno datano datano data
Igor Chalik
Deputy CEOno datano data0.00012%
RUB 96.0k
Igor Parakhin
Deputy CEOno datano data0.000010%
RUB 8.0k
Georgy Matveev
Director of Safety Management & Member of Management Boardno datano datano data
Vladimir Aleksandrov
Deputy CEO for Legal & Property Matters & Member of Management Boardno datano datano data
Irina Nikolaeva
Chief Accountantno datano datano data
Yaroslav Yegorov
Director of the Corporate Finance Departmentno datano datano data
Andrey Napolnov
Head of Investor Relationsno datano datano data

2.7yrs

Average Tenure

63yo

Average Age

Experienced Management: AFLT's management team is considered experienced (2.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Vitaly Saveliev
Chairman of Management Board11.42yrsno data0.13%
RUB 101.2m
Mikhail Poluboyarinov
Director3.25yrs₽7.08mno data
Sergey Chemezov
Non-Executive Director9.25yrs₽6.00mno data
Roman Pakhomov
Independent Director0.17yr₽9.14mno data
Igor Kamenskoy
Independent Director6.25yrs₽10.38mno data
Dmitry Peskov
Non-Executive Director6.25yrs₽7.60mno data
Yury Slyusar
Non-Executive Director5.25yrs₽7.09mno data
Yaroslav Kuzminov
Independent Director0.17yrno datano data
Evgeny Ditrich
Chairman of the Board1.75yrsno datano data
Maxim Liksutov
Non-Executive Director1.25yrsno datano data
Maksut Shadayev
Director0.17yrno datano data

3.3yrs

Average Tenure

50.5yo

Average Age

Experienced Board: AFLT's board of directors are considered experienced (3.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Public Joint Stock Company Aeroflot - Russian Airlines's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Public Joint Stock Company Aeroflot - Russian Airlines
  • Ticker: AFLT
  • Exchange: MISX
  • Founded: 1923
  • Industry: Airlines
  • Sector: Transportation
  • Market Cap: ₽80.029b
  • Shares outstanding: 1.06b
  • Website: https://www.aeroflot.ru

Number of Employees


Location

  • Public Joint Stock Company Aeroflot - Russian Airlines
  • 1 Arbat Street
  • Moscow
  • 119019
  • Russia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AFLTMISX (Micex - Rts)YesOrdinary SharesRURUBMay 1997
RU_AFLTKAS (Kazakhstan Stock Exchange)YesOrdinary SharesKZKZTMay 1997
AETGDB (Deutsche Boerse AG)GDR EA REPR 5 ORD 144ADEEURApr 2001

Biography

Public Joint Stock Company Aeroflot - Russian Airlines, together with its subsidiaries, provides passenger and cargo air transportation services in Russia and internationally. It also offers other aviation ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/28 20:34
End of Day Share Price2020/09/28 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.