Financials United Aircraft Corporation

Equities

UNAC

RU000A0JPLZ7

Aerospace & Defense

End-of-day quote Moscow Micex - RTS 06:00:00 2022-07-07 pm EDT 5-day change 1st Jan Change
0.6325 RUB +0.32% Intraday chart for United Aircraft Corporation -.--% -.--%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 352,721 312,557 196,148 322,441 333,341 331,459
Enterprise Value (EV) 1 703,637 726,878 612,464 756,843 917,610 760,422
P/E ratio -20.8 x -5.52 x -1.36 x -18.8 x -12.6 x -9.29 x
Yield - - - - - -
Capitalization / Revenue 0.86 x 0.89 x 0.45 x 0.69 x 0.92 x 0.7 x
EV / Revenue 1.71 x 2.07 x 1.42 x 1.62 x 2.54 x 1.6 x
EV / EBITDA 22.3 x 47.2 x 16.5 x 23.1 x -24.7 x -156 x
EV / FCF -7.46 x -6.64 x -34.1 x -12.3 x -7.81 x -3.98 x
FCF Yield -13.4% -15.1% -2.94% -8.13% -12.8% -25.1%
Price to Book 2.09 x -16.5 x -1.37 x -2.01 x -1.76 x 4.6 x
Nbr of stocks (in thousands) 447,615,344 492,216,189 492,216,235 520,485,196 527,021,030 524,046,372
Reference price 2 0.7880 0.6350 0.3985 0.6195 0.6325 0.6325
Announcement Date 6/14/19 5/8/20 4/30/21 4/29/22 4/27/24 4/27/24
1RUB in Million2RUB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 411,578 351,327 431,880 468,185 361,723 476,502
EBITDA 1 31,572 15,401 37,197 32,716 -37,076 -4,885
EBIT 1 17,537 7,507 31,357 31,963 -40,927 -11,391
Operating Margin 4.26% 2.14% 7.26% 6.83% -11.31% -2.39%
Earnings before Tax (EBT) 1 -18,681 -62,770 -166,983 -12,190 -51,721 -45,593
Net income 1 -17,310 -57,669 -152,609 -17,174 -26,247 -35,786
Net margin -4.21% -16.41% -35.34% -3.67% -7.26% -7.51%
EPS 2 -0.0380 -0.1151 -0.2932 -0.0329 -0.0502 -0.0681
Free Cash Flow 1 -94,304 -109,476 -17,982 -61,512 -117,427 -190,836
FCF margin -22.91% -31.16% -4.16% -13.14% -32.46% -40.05%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - - -
Announcement Date 6/14/19 5/8/20 4/30/21 4/29/22 4/27/24 4/27/24
1RUB in Million2RUB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 350,916 414,321 416,316 434,402 584,269 428,963
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 11.11 x 26.9 x 11.19 x 13.28 x -15.76 x -87.81 x
Free Cash Flow 1 -94,304 -109,476 -17,982 -61,512 -117,427 -190,836
ROE (net income / shareholders' equity) -9.48% -329% 217% 12.9% 14% 63%
ROA (Net income/ Total Assets) 1.02% 0.47% 1.96% 1.84% -1.97% -0.44%
Assets 1 -1,689,770 -12,330,340 -7,789,750 -930,941 1,331,119 8,177,788
Book Value Per Share 2 0.3800 -0.0400 -0.2900 -0.3100 -0.3600 0.1400
Cash Flow per Share 2 0.3700 0.3000 0.3500 0.5500 0.5500 0.6300
Capex 1 26,774 34,413 16,679 49,614 33,101 43,177
Capex / Sales 6.51% 9.8% 3.86% 10.6% 9.15% 9.06%
Announcement Date 6/14/19 5/8/20 4/30/21 4/29/22 4/27/24 4/27/24
1RUB in Million2RUB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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