Yandex Review

Review of the Yandex company

At the time of publication of the post, Yandex stocks occupy 1st place in my portfolio with a volume of ~21%. I believe that this company does not need any introduction, since any of you at least once used the services of the Yandex search engine/taxi/car sharing/food delivery/Yandex market, etc.

Full information on company indicators

Company report for the 2019 financial year

Current share price (at the time of writing this post) = 2425 RUB (Moscow Exchange), $31.75 (NasdaqGS).

Attached are graphical data:

1) Dynamics of the share price on the Moscow Exchange for the last few years 5.5 years
2) Revenue and net profit dynamics for the last 6 years
3) Revenue and profit forecast for the next 3 years
4) Earnings per share forecasts for the next 3 years


At the current price, Yandex has a P/E ratio of ~60, which is quite high (historical range) 12-410, current PEG= 1.5-2 according to various sources, which is a good indicator for a growth company. It is difficult to compare Yandex with its analogues, since we have practically no IT companies traded on the stock exchange, with foreign ones - only Google comes to mind, but the latter has a capitalization of 70 times more 😊 and pace growth is more modest.

Transactions with paper in the portfolio:
10/24/19 - purchase of 5 stocks = 10435 RUB
12/6/19 - purchase of 12 stocks = 30894.2 RUB
01/17/20 - purchase of 10 stocks = 27678 RUB
02/03/20 - purchase of 6 stocks = 17353.2 RUB
13.03.20 – purchase of 3 stocks = 7500 RUB

Total – 36 stocks, average price in the portfolio = 2600 RUB per share.

I consider levels of 2200-2400 RUB and lower to be interesting for purchase at the time of publication of the post. I plan to hold the position long-term (from 3 years), Yandex has a good forecast for the growth rate of revenue (~ 16-18% per year) and profit (25-30% per year), conservative forecast for earnings per share for 2022 = 116 RUB, expected share price by the end of 2022 = 4500 RUB + (more than 20% per annum in RUB when purchased at the current price 2425r/share).

Additional purchases of stocks into the portfolio will be carried out evenly (once every 1-2 months) throughout the entire period of holding the position, provided that the company maintains good fundamental indicators. In case of short-term price drawdowns, I will consider the possibility of additional purchases.

Not investment advice.