MISX:AFLT

Stock Analysis Report

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

Fundamentals

Good value with reasonable growth potential.


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


Market Performance


7 Day Return

3.7%

AFLT

10.8%

RU Airlines

0.4%

RU Market


1 Year Return

4.2%

AFLT

-6.3%

RU Airlines

11.7%

RU Market

Return vs Industry: AFLT exceeded the Russian Airlines industry which returned -6.3% over the past year.

Return vs Market: AFLT underperformed the Russian Market which returned 11.7% over the past year.


Shareholder returns

AFLTIndustryMarket
7 Day3.7%10.8%0.4%
30 Day-3.1%11.9%-2.5%
90 Day-4.6%11.7%1.3%
1 Year7.0%4.2%-0.4%-6.3%19.6%11.7%
3 Year7.1%-12.6%32.4%19.1%62.7%37.5%
5 Year218.2%159.8%47.2%26.4%159.1%103.8%

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?

33.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: AFLT (RUB103.2) is trading below our estimate of fair value (RUB156.09)

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


Price To Earnings Ratio

PE vs Industry: AFLT is good value based on its PE Ratio (4.4x) compared to the Airlines industry average (8.3x).

PE vs Market: AFLT is good value based on its PE Ratio (4.4x) compared to the Russian market (6.5x).


Price to Earnings Growth Ratio

Low 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 11 analysts?

19.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AFLT's forecast earnings growth (19.1% per year) is above the savings rate (8.4%).

Earnings vs Market: AFLT's earnings (19.1% per year) are forecast to grow faster than the Russian market (4.8% per year).

High Growth Earnings: AFLT's earnings are forecast to grow, but not significantly.

Revenue vs Market: AFLT's revenue (9.7% per year) is forecast to grow faster than the Russian market (4.3% per year).

High Growth Revenue: AFLT's revenue (9.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: AFLT's Return on Equity is forecast to be high in 3 years time (38.5%)


Next Steps

Past Performance

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

32.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: AFLT's earnings have grown significantly by 32.1% per year over the past 5 years.

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 (-7%).


Return on Equity

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


Return on Assets

ROA vs Industry: AFLT's Return on Assets is below or equal to the Airlines industry average last year.


Return on Capital Employed

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


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 (938.8%).

Interest Coverage: AFLT's interest payments on its debt are not well covered by EBIT (2x coverage).


Balance Sheet

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

Debt Coverage by Assets: AFLT has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.


Next Steps

Dividend

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

2.60%

Current Dividend Yield


Dividend Yield vs Market

company2.6%marketbottom25%3.2%markettop25%8.8%industryaverage5.0%forecastin3Years10.0%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: AFLT's dividend (2.6%) isn’t notable compared to the bottom 25% of dividend payers in the Russian market (3.23%).

High Dividend: AFLT's dividend (2.6%) is low compared to the top 25% of dividend payers in the Russian market (8.83%).

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 low payout ratio (11.4%), AFLT's dividend payments are thoroughly 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% payout ratio).


Next Steps

Management

What is the CEO of Aeroflot - Russian Airlines's salary, the management and board of directors tenure and is there insider trading?

4.8yrs

Average board tenure


CEO

Vitaly Saveliev (65yo)

10.5yrs

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 ...


Board Age and Tenure

4.8yrs

Average Tenure

51yo

Average Age

Experienced Board: AFLT's board of directors are considered experienced (4.8 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

  • Vasily Avilov (65yo)

    Deputy CEO of Administrative Mgmt. & Member of Management Board

    • Tenure: 0yrs
  • Vladimir Antonov (66yo)

    First Deputy CEO of Operations & Member of Management Board

    • Tenure: 0yrs
  • Vitaly Saveliev (65yo)

    Chairman of Management Board

    • Tenure: 10.5yrs
    • Compensation: ₽3.62m
  • Kirill Bogdanov (56yo)

    Deputy CEO of Information Technologies & Member of Management Board

    • Tenure: 0yrs
  • Igor Chalik (62yo)

    Deputy CEO

    • Tenure: 0yrs
  • Igor Parakhin (58yo)

    Deputy CEO

    • Tenure: 0yrs
  • Georgy Matveev (66yo)

    Director of Safety Management & Member of Management Board

    • Tenure: 0yrs
  • Andrey Chikhanchin

    Deputy CEO of Commerce & Finance and Member of Management Board

    • Tenure: 1.2yrs
  • Vladimir Alexandrov (35yo)

    Deputy CEO for Legal & Property Matters & Member of Management Board

    • Tenure: 0yrs
  • Irina Nikolaeva

    Chief Accountant

    • Tenure: 0yrs

Board Members

  • Vasiliy Sidorov (48yo)

    Independent Director

    • Tenure: 6.8yrs
    • Compensation: ₽7.11m
  • Vitaly Saveliev (65yo)

    Chairman of Management Board

    • Tenure: 10.5yrs
    • Compensation: ₽3.62m
  • Mikhail Poluboyarinov (53yo)

    Director

    • Tenure: 2.3yrs
  • Sergey Chemezov (67yo)

    Non-Executive Director

    • Tenure: 8.3yrs
    • Compensation: ₽5.88m
  • Igor Kamenskoy (51yo)

    Independent Director

    • Tenure: 5.3yrs
    • Compensation: ₽7.52m
  • Dmitry Peskov (44yo)

    Non-Executive Director

    • Tenure: 5.3yrs
    • Compensation: ₽6.45m
  • Yury Slyusar (45yo)

    Non-Executive Director

    • Tenure: 4.3yrs
    • Compensation: ₽2.07m
  • Maxim Sokolov

    Independent Director

    • Tenure: 1.8yrs
  • Yevgeny Ditrikh

    Director

    • Tenure: 1yrs
  • Evgeny Ditrich

    Chairman of the Board

    • Tenure: 0.8yrs

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: ₽109.681b
  • 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 100 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 Analysis2019/10/15 21:09
End of Day Share Price2019/10/15 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.