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 fair 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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0.7%

AFLT

-5.9%

RU Airlines

-0.2%

RU Market


1 Year Return

-25.4%

AFLT

-52.1%

RU Airlines

-2.7%

RU Market

Return vs Industry: AFLT exceeded the Russian Airlines industry which returned -51.3% over the past year.

Return vs Market: AFLT underperformed the Russian Market which returned -3.7% over the past year.


Shareholder returns

AFLTIndustryMarket
7 Day0.7%-5.9%-0.2%
30 Day-8.8%-26.2%-0.9%
90 Day3.3%-19.0%2.4%
1 Year-25.4%-25.4%-44.6%-52.1%2.7%-2.7%
3 Year-56.8%-61.7%-64.9%-56.4%55.9%32.3%
5 Year152.1%105.8%-28.6%-40.7%110.5%66.1%

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 (RUB81.4) 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 poor value based on its PE Ratio (11.3x) compared to the XE Airlines industry average (9.9x).

PE vs Market: AFLT is poor value based on its PE Ratio (11.3x) compared to the Russian market (8x).


Price to Earnings Growth Ratio

PEG Ratio: AFLT is good value based on its PEG Ratio (0.2x)


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?

71.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AFLT's forecast earnings growth (71.9% per year) is above the savings rate (8.3%).

Earnings vs Market: AFLT's earnings (71.9% per year) are forecast to grow faster than the Russian market (3.3% per year).

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

Revenue vs Market: AFLT's revenue (18.6% per year) is forecast to grow faster than the Russian market (1.5% per year).

High Growth Revenue: AFLT's revenue (18.6% 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 very high in 3 years time (91.7%).


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 RUB3.8B impacting its March 31 2020 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 -18.9% 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 (-20.8%).


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.

Debt Coverage: AFLT's debt is well covered by operating cash flow (264.9%).

Interest Coverage: AFLT's interest payments on its debt are not well covered by EBIT (1.2x coverage).


Balance Sheet


Next Steps

Dividend

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

3.30%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: AFLT's dividend (3.3%) isn’t notable compared to the bottom 25% of dividend payers in the Russian market (4.08%).

High Dividend: AFLT's dividend (3.3%) is low compared to the top 25% of dividend payers in the Russian market (9.11%).


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 (37.3%), 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 (44% payout ratio).


Next Steps

Management

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

5.6yrs

Average board tenure


CEO

Vitaly Saveliev (66yo)

11.25yrs

Tenure

₽3,618,907

Compensation

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 ...


Board Members

NamePositionTenureCompensationOwnership
Vitaly Saveliev
Chairman of Management Board11.25yrs₽3.62m0.13% RUB109.3m
Vasiliy Sidorov
Independent Director7.5yrs₽7.11mno data
Mikhail Poluboyarinov
Director3.08yrsno datano data
Sergey Chemezov
Non-Executive Director9.08yrs₽5.88mno data
Igor Kamenskoy
Independent Director6.08yrs₽7.52mno data
Dmitry Peskov
Non-Executive Director6.08yrs₽6.45mno data
Yury Slyusar
Non-Executive Director5.08yrs₽2.07mno data
Aleksandr Galushka
Non-Executive Director1.08yrsno datano data
Maxim Sokolov
Independent Non-Executive Director2.5yrsno datano data
Evgeny Ditrich
Chairman of the Board1.58yrsno datano data

5.6yrs

Average Tenure

50.5yo

Average Age

Experienced Board: AFLT's board of directors are considered experienced (5.6 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: ₽86.406b
  • 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)SPON GDR 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 services from Moscow Sheremetyevo Airport. In addition, the company provides airline catering, finance, education, and technical maintenance services, as well as operates a hotel. As of December 31, 2019, it operated a fleet of 359 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 Analysis2020/07/10 20:45
End of Day Share Price2020/07/10 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.