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.


Snowflake Analysis

High growth potential and good value.


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's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

15.0%

AFLT

20.8%

RU Airlines

2.8%

RU Market


1 Year Return

-6.3%

AFLT

-25.4%

RU Airlines

0.6%

RU Market

Return vs Industry: AFLT exceeded the Russian Airlines industry which returned -31.9% over the past year.

Return vs Market: AFLT underperformed the Russian Market which returned 2.3% over the past year.


Shareholder returns

AFLTIndustryMarket
7 Day15.0%20.8%2.8%
30 Day19.3%44.6%6.3%
90 Day5.5%-9.7%1.9%
1 Year-3.9%-6.3%-23.5%-25.4%7.2%0.6%
3 Year-43.0%-53.4%-56.3%-31.5%65.5%39.3%
5 Year176.5%125.7%-57.8%-12.9%120.1%71.7%

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 (RUB85.96) is trading below our estimate of fair value (RUB310.71)

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


Price To Earnings Ratio

PE vs Industry: AFLT is poor value based on its PE Ratio (8.6x) compared to the Airlines industry average (7.4x).

PE vs Market: AFLT is good value based on its PE Ratio (8.6x) compared to the Russian market (8.6x).


Price to Earnings Growth Ratio

PEG Ratio: AFLT is good value based on its PEG Ratio (0.3x)


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 9 analysts?

58.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AFLT's forecast earnings growth (31.8% per year) is above the savings rate (8.3%).

Earnings vs Market: AFLT's earnings (31.8% per year) are forecast to grow faster than the Russian market (12.9% per year).

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

Revenue vs Market: AFLT's revenue (7.1% per year) is forecast to grow faster than the Russian market (5.7% per year).

High Growth Revenue: AFLT's revenue (7.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AFLT's Return on Equity is forecast to be high in 3 years time (34.6%)


Next Steps

Past Performance

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

-18.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AFLT has a large one-off gain of RUB4.6B impacting its December 31 2019 financial results.

Growing Profit Margin: AFLT became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: AFLT has become profitable over the past 5 years, growing earnings by 16.9% per year.

Accelerating Growth: AFLT has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: AFLT has become profitable in the last year, making it difficult to compare its past year earnings growth to the Airlines industry (-17%).


Return on Equity

High ROE: Whilst AFLT's Return on Equity (692.92%) is outstanding, this metric is skewed due to their high level of debt.


Next Steps

Financial Health

How is Aeroflot - Russian Airlines's financial position?


Financial Position Analysis

Short Term Liabilities: AFLT's short term assets (RUB146.9B) do not cover its short term liabilities (RUB237.4B).

Long Term Liabilities: AFLT's short term assets (RUB146.9B) do not cover its long term liabilities (RUB694.0B).


Debt to Equity History and Analysis

Debt Level: AFLT's debt to equity ratio (809.8%) is considered high.

Reducing Debt: AFLT had negative shareholder equity 5 years ago, but is now positive and has therefore improved.

Debt Coverage: AFLT's debt is well covered by operating cash flow (963.9%).

Interest Coverage: AFLT's interest payments on its debt are not well covered by EBIT (1.3x coverage).


Balance Sheet


Next Steps

Dividend

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

2.99%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: AFLT's dividend (3.13%) isn’t notable compared to the bottom 25% of dividend payers in the Russian market (3.67%).

High Dividend: AFLT's dividend (3.13%) is low compared to the top 25% of dividend payers in the Russian market (9.05%).


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: With its reasonably low payout ratio (26.8%), AFLT's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: AFLT's dividends in 3 years are forecast to be well covered by earnings (45.6% payout ratio).


Next Steps

Management

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

2.4yrs

Average management tenure


CEO

Vitaly Saveliev (65yo)

11.17yrs

Tenure

₽3,618,907

Compensation

• 2009 – Present: General Manager, JSC “Aeroflot-Russian Airlines”, Moscow. 10 April 2009 – serves as Chief Executive Officer at OAO Aeroflot-Russian Airlines and serves as its Executive Director since 20 ...


Leadership Team

NamePositionTenureCompensationOwnership
Vitaly Saveliev
Chairman of Management Board11.17yrs₽3.62m0.13% RUB120.7m
Andrey Chikhanchin
Deputy CEO of Commerce & Finance and Member of Management Board1.83yrsno datano data
Vasily Avilov
Deputy CEO of Administrative Mgmt. & Member of Management Boardno datano datano data
Vladimir Antonov
First Deputy CEO of Operations & Member of Management Board2.42yrsno data0.00044% RUB419.9k
Kirill Bogdanov
Deputy CEO of Information Technologies & Member of Management Boardno datano datano data
Igor Chalik
Deputy CEOno datano data0.00012% RUB114.5k
Igor Parakhin
Deputy CEOno datano data0.000010% RUB9.5k
Georgy Matveev
Director of Safety Management & Member of Management Boardno datano datano data
Vladimir Alexandrov
Deputy CEO for Legal & Property Matters & Member of Management Boardno datano datano data
Irina Nikolaeva
Chief Accountantno datano datano data

2.4yrs

Average Tenure

63.5yo

Average Age

Experienced Management: AFLT's management team is considered experienced (2.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Vitaly Saveliev
Chairman of Management Board11.17yrs₽3.62m0.13% RUB120.7m
Vasiliy Sidorov
Independent Director7.42yrs₽7.11mno data
Mikhail Poluboyarinov
Director3yrsno datano data
Sergey Chemezov
Non-Executive Director9yrs₽5.88mno data
Igor Kamenskoy
Independent Director6yrs₽7.52mno data
Dmitry Peskov
Non-Executive Director6yrs₽6.45mno data
Yury Slyusar
Non-Executive Director5yrs₽2.07mno data
Maxim Sokolov
Independent Director2.42yrsno datano data
Yevgeny Ditrikh
Director1.67yrsno datano data
Evgeny Ditrich
Chairman of the Board1.5yrsno datano data

5.5yrs

Average Tenure

51yo

Average Age

Experienced Board: AFLT's board of directors are considered experienced (5.5 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: ₽95.439b
  • Shares outstanding: 1.06b
  • Website: https://www.aeroflot.ru

Number of Employees


Location

  • Public Joint Stock Company Aeroflot - Russian Airlines
  • 10 Arbat Street
  • Moscow
  • 119002
  • 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-related services from Moscow Sheremetyevo Airport. In addition, the company provides airline catering, finance, and technical maintenance services, as well as operates a hotel. As of December 31, 2018, it operated a fleet of 366 aircraft. The company was founded in 1923 and is headquartered in Moscow, Russia. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/05 22:50
End of Day Share Price2020/06/05 00:00
Earnings2020/03/31
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.