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

1.5%

AFLT

1.3%

RU Airlines

0.7%

RU Market


1 Year Return

-26.5%

AFLT

-43.1%

RU Airlines

-5.3%

RU Market

Return vs Industry: AFLT exceeded the Russian Airlines industry which returned -43.1% over the past year.

Return vs Market: AFLT underperformed the Russian Market which returned -5.3% over the past year.


Shareholder returns

AFLTIndustryMarket
7 Day1.5%1.3%0.7%
30 Day-6.7%-8.7%-0.9%
90 Day15.7%16.9%5.9%
1 Year-26.5%-26.5%-41.9%-43.1%-0.4%-5.3%
3 Year-53.5%-62.0%-66.2%-47.4%59.1%35.2%
5 Year160.1%112.3%-21.7%-30.8%117.6%70.0%

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 (RUB80.84) 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 (11.2x) compared to the Airlines industry average (10.1x).

PE vs Market: AFLT is poor value based on its PE Ratio (11.2x) compared to the Russian market (8.6x).


Price to Earnings Growth Ratio

PEG Ratio: AFLT is good value based on its PEG Ratio (0.1x)


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 11 analysts?

77.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AFLT's forecast earnings growth (77.6% per year) is above the savings rate (8.3%).

Earnings vs Market: AFLT's earnings (77.6% per year) are forecast to grow faster than the Russian market (12.8% per year).

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

Revenue vs Market: AFLT's revenue (18.4% per year) is forecast to grow faster than the Russian market (6.4% per year).

High Growth Revenue: AFLT's revenue (18.4% 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 2010 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?

3.32%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: AFLT's dividend (3.32%) isn’t notable compared to the bottom 25% of dividend payers in the Russian market (4.08%).

High Dividend: AFLT's dividend (3.32%) is low compared to the top 25% of dividend payers in the Russian market (9.09%).


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?

2.5yrs

Average management tenure


CEO

Vitaly Saveliev (66yo)

11.25yrs

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 Board11.25yrs₽3.62m0.13% RUB108.6m
Andrey Chikhanchin
Deputy CEO of Commerce & Finance and Member of Management Board1.92yrsno 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 Board2.5yrsno data0.00044% RUB378.0k
Kirill Bogdanov
Deputy CEO of Information Technologies & Member of Management Boardno datano datano data
Igor Chalik
Deputy CEOno datano data0.00012% RUB103.1k
Igor Parakhin
Deputy CEOno datano data0.000010% RUB8.6k
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

2.5yrs

Average Tenure

64.5yo

Average Age

Experienced Management: AFLT's management team is considered experienced (2.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Vitaly Saveliev
Chairman of Management Board11.25yrs₽3.62m0.13% RUB108.6m
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
Maxim Sokolov
Independent Director2.5yrsno datano data
Yevgeny Ditrikh
Director1.75yrsno datano data
Evgeny Ditrich
Chairman of the Board1.58yrsno datano data

5.6yrs

Average Tenure

52yo

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: ₽85.917b
  • 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)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-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 Analysis2020/07/03 20:46
End of Day Share Price2020/07/03 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.