NasdaqGS:YNDX

Stock Analysis Report

Executive Summary

Yandex N.V., an Internet and technology company, operates an Internet search engine in Russia and internationally.

Rewards

Trading at 28.3% below its fair value

Earnings are forecast to grow 41.64% per year

Risk Analysis

Highly volatile share price over past 3 months

Profit margins (7.3%) are lower than last year (37.3%)



Snowflake Analysis

Flawless balance sheet with high growth potential.


Similar Companies

Share Price & News

How has Yandex's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: YNDX's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-5.1%

YNDX

1.4%

US Interactive Media and Services

0.5%

US Market


1 Year Return

45.2%

YNDX

30.1%

US Interactive Media and Services

20.3%

US Market

Return vs Industry: YNDX exceeded the US Interactive Media and Services industry which returned 30.1% over the past year.

Return vs Market: YNDX exceeded the US Market which returned 20.3% over the past year.


Shareholder returns

YNDXIndustryMarket
7 Day-5.1%1.4%0.5%
30 Day2.4%0.4%2.0%
90 Day14.1%14.4%9.4%
1 Year45.2%45.2%30.2%30.1%22.8%20.3%
3 Year94.4%94.4%65.8%65.6%50.1%40.4%
5 Year179.0%179.0%132.8%132.1%73.1%54.1%

Price Volatility Vs. Market

How volatile is Yandex's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Yandex undervalued compared to its fair value and its price relative to the market?

28.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: YNDX ($46.15) is trading below our estimate of fair value ($64.38)

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


Price To Earnings Ratio

PE vs Industry: YNDX is poor value based on its PE Ratio (74.8x) compared to the Interactive Media and Services industry average (27.2x).

PE vs Market: YNDX is poor value based on its PE Ratio (74.8x) compared to the US market (18.3x).


Price to Earnings Growth Ratio

PEG Ratio: YNDX is poor value based on its PEG Ratio (1.8x)


Price to Book Ratio

PB vs Industry: YNDX is overvalued based on its PB Ratio (5x) compared to the US Interactive Media and Services industry average (3.2x).


Next Steps

Future Growth

How is Yandex forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

41.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: YNDX's forecast earnings growth (41.6% per year) is above the savings rate (1.7%).

Earnings vs Market: YNDX's earnings (41.6% per year) are forecast to grow faster than the US market (14.2% per year).

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

Revenue vs Market: YNDX's revenue (17.6% per year) is forecast to grow faster than the US market (7.6% per year).

High Growth Revenue: YNDX's revenue (17.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: YNDX's Return on Equity is forecast to be high in 3 years time (22%)


Next Steps

Past Performance

How has Yandex performed over the past 5 years?

23.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: YNDX has high quality earnings.

Growing Profit Margin: YNDX's current net profit margins (7.3%) are lower than last year (37.3%).


Past Earnings Growth Analysis

Earnings Trend: YNDX's earnings have grown significantly by 23% per year over the past 5 years.

Accelerating Growth: YNDX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: YNDX had negative earnings growth (-73%) over the past year, making it difficult to compare to the Interactive Media and Services industry average (8.5%).


Return on Equity

High ROE: YNDX's Return on Equity (4.9%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Yandex's financial position?


Financial Position Analysis

Short Term Liabilities: YNDX's short term assets (RUB120.3B) exceed its short term liabilities (RUB46.5B).

Long Term Liabilities: YNDX's short term assets (RUB120.3B) exceed its long term liabilities (RUB15.2B).


Debt to Equity History and Analysis

Debt Level: YNDX is debt free.

Reducing Debt: YNDX has no debt compared to 5 years ago when its debt to equity ratio was 46.9%.

Debt Coverage: YNDX has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: YNDX has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if YNDX's debt is covered by short term assets.


Next Steps

Dividend

What is Yandex's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage0.4%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate YNDX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate YNDX's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if YNDX's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if YNDX's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of YNDX's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

16.8yrs

Average management tenure


CEO

Arkady Volozh (55yo)

20.1yrs

Tenure

0

Mr. Arkady Volozh is the Founder of Yandex N.V. and has been its Chief Executive Officer since 2000. Mr. Volozh is the Principal Founder of Yandex N.V and has been its Chief Executive Officer since 2000. H ...


Leadership Team

NamePositionTenureCompensationOwnership
Arkady Volozh
Founder20.1yrsno data9.76% RUB1.5b
Elena Kolmanovskaya
Co-Founder & Consultant0yrsno datano data
Gregory Abovsky
CFO & COO5.4yrsno datano data
Katya Zhukova
Investor Relations Director0yrsno datano data
Dmitriy Stepanov
Chief Marketing Officer0yrsno datano data
Vadim Marchuk
Vice President of Corporate Development0yrsno datano data
Elena Bunina
Director of HR & Educational Programs0yrsno datano data
Dmitry Ivanov
Head of Yandex.Zen16.8yrsno datano data
Arkady Borkovsky
Chief Technology Officer of Yandex Labs0yrsno datano data
Artem Savinovsky
Head of Media Services0yrsno datano data

16.8yrs

Average Tenure

Experienced Management: YNDX's management team is seasoned and experienced (16.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Arkady Volozh
Founder20.1yrsno data9.76% RUB1.5b
Tigran Khudaverdyan
Deputy Chief Executive Officer & Director0.7yrsno datano data
Esther Dyson
Non-Executive Director14.1yrsno data0.049% RUB7.4m
John Boynton
Non-Executive Chairman3.8yrsno data0.031% RUB4.7m
Herman Gref
Non-Executive Director5.8yrsno datano data
Charles Ryan
Non Executive Director8.8yrsno data0.056% RUB8.5m
Alexander Voloshin
Non-Executive Director9.5yrsno datano data
Rogier Rijnja
Non-Executive Director6.8yrsno datano data
Mikhail Parakhin
Non-Executive Director0.7yrsno datano data
Ilya Strebulaev
Non-Executive Director1.7yrsno datano data

6.3yrs

Average Tenure

55yo

Average Age

Experienced Board: YNDX's board of directors are considered experienced (6.3 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

Yandex N.V.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Yandex N.V.
  • Ticker: YNDX
  • Exchange: NasdaqGS
  • Founded: 2004
  • Industry: Interactive Media and Services
  • Sector: Media
  • Market Cap: US$15.223b
  • Shares outstanding: 329.86m
  • Website: https://ir.yandex.com

Number of Employees


Location

  • Yandex N.V.
  • Schiphol Boulevard 165
  • Schiphol
  • Noord-Holland
  • 1118 BG
  • Netherlands

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
YNDXNasdaqGS (Nasdaq Global Select)YesClass A Ordinary SharesUSUSDMay 2011
YDXDB (Deutsche Boerse AG)YesClass A Ordinary SharesDEEURMay 2011
YNDXMISX (Micex - Rts)YesClass A Ordinary SharesRURUBMay 2011
0EDMLSE (London Stock Exchange)YesClass A Ordinary SharesGBUSDMay 2011
YNDXRTS (Moscow Exchange Classica)YesClass A Ordinary SharesRUUSDMay 2011
NL_YNDXKAS (Kazakhstan Stock Exchange)YesClass A Ordinary SharesKZKZTMay 2011

Biography

Yandex N.V., an Internet and technology company, operates an Internet search engine in Russia and internationally. The company offers search, location-based, personalized, and mobile services that enable users to find information, and communicate and connect over the Internet from desktops and mobile devices. It provides geolocation services, such as Yandex.Maps, Yandex.Navigator, Yandex.Auto, and Yandex.Routing; Yandex.Mail that provides access to email accounts; Yandex.Disk, a cloud-based storage service; Yandex.News, an online news aggregation service; Yandex.Weather hyperlocal weather information services; Yandex Browser for desktops and mobile platforms; and Yandex Search Apps. The company also provides Yandex.Direct, an auction-based advertising placement platform; Yandex Advertising Network service; Yandex.Radar, a market analytics tool; mobile advertising products; Yandex.Metrica, a web analytics system; Yandex.Market, an e-commerce gateway service; Yandex.Station, a smart speaker; Yandex.Phone, an assistant. In addition, it offers Yandex.Taxi, a ride-sharing service; Auto.ru for used and new cars, commercial vehicles, and spare parts; Yandex.Realty, a real estate classifieds platform; Yandex.Jobs, a job search Website; and Yandex.Travel, a travel aggregator service. Further, it offers KinoPoisk, a Russian language Website for movies, TV series, celebrity content, and entertainment news; Yandex.Music, a music streaming service; Yandex.Afisha to buy tickets to cinemas, theaters, and concerts online; and Yandex.TV Program that provides up to date schedule of broadcast, cable and digital TV channels, as well as an option to view certain TV channels online. Additionally, it offers Yandex Zen, a personal recommendation service; Yandex.Cloud that allows companies to host and develop apps and services, and store and manage data; and Yandex.Drive, a free-floating car-sharing service. Yandex N.V. was incorporated in 2004 and is based in Schiphol, the Netherlands. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/20 02:48
End of Day Share Price2020/02/19 00:00
Earnings2019/12/31
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.