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Yandex

Nasdaq:YNDX
Snowflake Description

Flawless balance sheet with high growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
YNDX
Nasdaq
$11B
Market Cap
  1. Home
  2. US
  3. Media
Company description

Yandex N.V., an Internet and technology company, operates an Internet search engine in Russia and internationally. The last earnings update was 49 days ago. More info.


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  • Yandex has significant price volatility in the past 3 months.
YNDX Share Price and Events
7 Day Returns
-1.1%
NasdaqGS:YNDX
-3.5%
US Interactive Media and Services
-4.1%
US Market
1 Year Returns
-7.4%
NasdaqGS:YNDX
-13.8%
US Interactive Media and Services
-14.9%
US Market
YNDX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Yandex (YNDX) -1.1% -21.3% -24.5% -7.4% 49.5% 82.8%
US Interactive Media and Services -3.5% -18.1% -22.4% -13.8% 17.2% 66%
US Market -4.1% -19.1% -23.4% -14.9% 3.5% 14.5%
1 Year Return vs Industry and Market
  • YNDX outperformed the Interactive Media and Services industry which returned -13.8% over the past year.
  • YNDX outperformed the Market in United States of America which returned -14.9% over the past year.
Price Volatility
YNDX
Industry
5yr Volatility vs Market
Related Companies

YNDX Value

 Is Yandex undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Yandex to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Yandex.

NasdaqGS:YNDX Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 14 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.3%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:YNDX
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 5.4%
Interactive Media and Services Unlevered Beta Simply Wall St/ S&P Global 1.03
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.03 (1 + (1- 25%) (1.31%))
1.027
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.03
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (1.027 * 5.44%)
7.32%

Discounted Cash Flow Calculation for NasdaqGS:YNDX using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Yandex is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

NasdaqGS:YNDX DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (RUB, Millions) Source Present Value
Discounted (@ 7.32%)
2020 28,006.17 Analyst x6 26,094.86
2021 37,959.60 Analyst x5 32,955.21
2022 40,067.50 Analyst x2 32,411.27
2023 52,747.00 Analyst x1 39,756.01
2024 68,160.00 Analyst x1 47,866.96
2025 78,424.03 Est @ 15.06% 51,316.46
2026 87,100.16 Est @ 11.06% 53,104.06
2027 94,300.02 Est @ 8.27% 53,570.02
2028 100,248.77 Est @ 6.31% 53,062.82
2029 105,198.88 Est @ 4.94% 51,882.83
Present value of next 10 years cash flows RUB442,020.00
NasdaqGS:YNDX DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= RUB105,198.88 × (1 + 1.74%) ÷ (7.32% – 1.74%)
RUB1,916,553.74
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= RUB1,916,553.74 ÷ (1 + 7.32%)10
RUB945,221.40
NasdaqGS:YNDX Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= RUB442,020.00 + RUB945,221.40
RUB1,387,241.40
Equity Value per Share
(RUB)
= Total value / Shares Outstanding
= RUB1,387,241.40 / 326.68
RUB4246.43
NasdaqGS:YNDX Discount to Share Price
Calculation Result
Exchange Rate RUB/USD
(Reporting currency to currency of NasdaqGS:YNDX)
0.013
Value per Share
(USD)
= Value per Share in RUB x Exchange Rate (RUB/USD)
= RUB4246.43 x 0.013
$54.46
Value per share (USD) From above. $54.46
Current discount Discount to share price of $32.61
= -1 x ($32.61 - $54.46) / $54.46
40.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Yandex is available for.
Intrinsic value
40%
Share price is $32.61 vs Future cash flow value of $54.46
Current Discount Checks
For Yandex to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Yandex's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Yandex's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Yandex's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Yandex's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:YNDX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in RUB RUB39.21
NasdaqGS:YNDX Share Price ** NasdaqGS (2020-04-02) in USD $32.61
NasdaqGS:YNDX Share Price converted to RUB reporting currency Exchange rate (USD/ RUB) 77.966 RUB2542.48
United States of America Interactive Media and Services Industry PE Ratio Median Figure of 30 Publicly-Listed Interactive Media and Services Companies 23.32x
United States of America Market PE Ratio Median Figure of 2,944 Publicly-Listed Companies 12.5x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Yandex.

NasdaqGS:YNDX PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:YNDX Share Price ÷ EPS (both in RUB)

= 2542.48 ÷ 39.21

64.85x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Yandex is overvalued based on earnings compared to the US Interactive Media and Services industry average.
  • Yandex is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Yandex's expected growth come at a high price?
Raw Data
NasdaqGS:YNDX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 64.85x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts
39.7%per year
United States of America Interactive Media and Services Industry PEG Ratio Median Figure of 25 Publicly-Listed Interactive Media and Services Companies 1.46x
United States of America Market PEG Ratio Median Figure of 2,008 Publicly-Listed Companies 0.91x

*Line of best fit is calculated by linear regression .

NasdaqGS:YNDX PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 64.85x ÷ 39.7%

1.63x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Yandex is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Yandex's assets?
Raw Data
NasdaqGS:YNDX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in RUB RUB590.94
NasdaqGS:YNDX Share Price * NasdaqGS (2020-04-02) in USD $32.61
NasdaqGS:YNDX Share Price converted to RUB reporting currency Exchange rate (USD/ RUB) 77.966 RUB2542.48
United States of America Interactive Media and Services Industry PB Ratio Median Figure of 60 Publicly-Listed Interactive Media and Services Companies 1.68x
United States of America Market PB Ratio Median Figure of 5,142 Publicly-Listed Companies 1.22x
NasdaqGS:YNDX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:YNDX Share Price ÷ Book Value per Share (both in RUB)

= 2542.48 ÷ 590.94

4.3x

* Primary Listing of Yandex.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Yandex is overvalued based on assets compared to the US Interactive Media and Services industry average.
X
Value checks
We assess Yandex's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Interactive Media and Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Interactive Media and Services industry average (and greater than 0)? (1 check)
  5. Yandex has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

YNDX Future Performance

 How is Yandex expected to perform in the next 1 to 3 years based on estimates from 14 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
39.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Yandex expected to grow at an attractive rate?
  • Yandex's earnings growth is expected to exceed the low risk savings rate of 1.7%.
Growth vs Market Checks
  • Yandex's earnings growth is expected to exceed the United States of America market average.
  • Yandex's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:YNDX Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:YNDX Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts 39.7%
NasdaqGS:YNDX Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts 18.5%
United States of America Interactive Media and Services Industry Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Interactive Media and Services Industry Revenue Growth Rate Market Cap Weighted Average 13.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 12.2%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:YNDX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
All numbers in RUB Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:YNDX Future Estimates Data
Date (Data in RUB Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 508,286 1
2023-12-31 423,112 1
2022-12-31 349,536 96,096 47,523 9
2021-12-31 284,870 73,626 38,200 13
2020-12-31 223,540 51,146 23,598 14
2020-04-03
NasdaqGS:YNDX Past Financials Data
Date (Data in RUB Millions) Revenue Cash Flow Net Income *
2019-12-31 175,391 44,379 12,826
2019-09-30 162,537 44,361 19,024
2019-06-30 150,093 37,273 19,144
2019-03-31 138,368 33,552 48,729
2018-12-31 127,657 28,212 47,587
2018-09-30 116,675 27,196 45,054
2018-06-30 107,543 22,866 40,853
2018-03-31 99,975 23,215 10,321
2017-12-31 94,054 23,772 8,776
2017-09-30 88,313 21,673 6,478
2017-06-30 84,168 24,596 8,020
2017-03-31 80,104 25,568 6,564

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Yandex's earnings are expected to grow significantly at over 20% yearly.
  • Yandex's revenue is expected to grow by 18.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:YNDX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below

All data from Yandex Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:YNDX Future Estimates Data
Date (Data in RUB Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 135.27 180.42 114.93 4.00
2021-12-31 104.45 132.29 89.05 6.00
2020-12-31 70.19 102.16 43.77 7.00
2020-04-03
NasdaqGS:YNDX Past Financials Data
Date (Data in RUB Millions) EPS *
2019-12-31 39.21
2019-09-30 58.36
2019-06-30 58.77
2019-03-31 149.39
2018-12-31 145.67
2018-09-30 137.76
2018-06-30 125.06
2018-03-31 31.69
2017-12-31 27.02
2017-09-30 20.01
2017-06-30 24.85
2017-03-31 20.40

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Yandex is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Yandex's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Yandex has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

YNDX Past Performance

  How has Yandex performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Yandex's growth in the last year to its industry (Interactive Media and Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Yandex has delivered over 20% year on year earnings growth in the past 5 years.
  • Yandex's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Yandex's 1-year earnings growth is negative, it can't be compared to the US Interactive Media and Services industry average.
Earnings and Revenue History
Yandex's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Yandex Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:YNDX Past Revenue, Cash Flow and Net Income Data
Date (Data in RUB Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 175,391.00 12,826.00 49,273.00 29,209.00
2019-09-30 162,537.00 19,024.00 43,830.00 26,954.00
2019-06-30 150,093.00 19,144.00 40,304.00 25,081.00
2019-03-31 138,368.00 48,729.00 38,060.00 23,472.00
2018-12-31 127,657.00 47,587.00 35,718.00 22,569.00
2018-09-30 116,675.00 45,054.00 33,764.00 21,916.00
2018-06-30 107,543.00 40,853.00 32,854.00 20,943.00
2018-03-31 99,975.00 10,321.00 30,142.00 20,046.00
2017-12-31 94,054.00 8,776.00 26,762.00 18,761.00
2017-09-30 88,313.00 6,478.00 25,494.00 17,863.00
2017-06-30 84,168.00 8,020.00 21,922.00 17,152.00
2017-03-31 80,104.00 6,564.00 19,575.00 16,473.00
2016-12-31 75,925.00 6,798.00 17,885.00 15,832.00
2016-09-30 71,900.00 8,421.00 15,562.00 15,135.00
2016-06-30 68,046.00 10,256.00 13,705.00 14,445.00
2016-03-31 63,926.00 8,621.00 12,556.00 13,951.00
2015-12-31 59,792.00 9,679.00 11,601.00 13,421.00
2015-09-30 56,365.00 14,400.00 9,792.00 12,488.00
2015-06-30 53,983.00 14,494.00 8,984.00 11,406.00
2015-03-31 52,221.00 16,467.00 8,323.00 10,185.00
2014-12-31 50,767.00 17,020.00 7,782.00 8,842.00
2014-09-30 48,186.00 12,794.00 7,462.00 7,820.00
2014-06-30 45,347.00 13,389.00 7,313.00 7,201.00
2014-03-31 42,388.00 13,908.00 6,936.00 6,503.00
2013-12-31 39,502.00 13,474.00 6,537.00 5,827.00
2013-09-30 36,235.00 12,819.00 6,215.00 5,291.00
2013-06-30 33,290.00 10,143.00 5,671.00 4,858.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Yandex has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Yandex used its assets less efficiently than the US Interactive Media and Services industry average last year based on Return on Assets.
  • Yandex's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Yandex's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Interactive Media and Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Yandex has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

YNDX Health

 How is Yandex's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Yandex's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Yandex is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Yandex's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Yandex's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Yandex has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Yandex Company Filings, last reported 3 months ago.

NasdaqGS:YNDX Past Debt and Equity Data
Date (Data in RUB Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 229,435.00 0.00 88,306.00
2019-09-30 229,734.00 0.00 88,439.00
2019-06-30 222,061.00 0.00 79,479.00
2019-03-31 216,920.00 0.00 73,634.00
2018-12-31 215,820.00 0.00 68,798.00
2018-09-30 207,219.00 20,904.00 93,465.00
2018-06-30 208,114.00 19,809.00 96,051.00
2018-03-31 170,325.00 17,903.00 91,110.00
2017-12-31 92,647.00 17,834.00 65,702.00
2017-09-30 87,721.00 17,792.00 61,606.00
2017-06-30 85,614.00 17,947.00 61,043.00
2017-03-31 80,333.00 17,173.00 58,699.00
2016-12-31 78,592.00 18,750.00 63,034.00
2016-09-30 77,466.00 22,799.00 66,244.00
2016-06-30 74,146.00 23,249.00 62,874.00
2016-03-31 71,807.00 24,230.00 60,513.00
2015-12-31 70,097.00 27,374.00 42,303.00
2015-09-30 65,683.00 26,260.00 38,202.00
2015-06-30 59,166.00 23,895.00 32,990.00
2015-03-31 56,881.00 26,180.00 26,882.00
2014-12-31 55,736.00 26,123.00 26,632.00
2014-09-30 50,133.00 21,652.00 20,077.00
2014-06-30 45,730.00 19,757.00 22,518.00
2014-03-31 46,804.00 20,783.00 25,751.00
2013-12-31 46,597.00 16,429.00 33,481.00
2013-09-30 43,864.00 0.00 11,931.00
2013-06-30 41,013.00 0.00 7,097.00
  • Yandex has no debt.
  • Yandex has no debt compared to 5 years ago when it was 46.9%.
  • Yandex has no debt, it does not need to be covered by operating cash flow.
  • Yandex has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Yandex's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Yandex has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

YNDX Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Yandex dividends. Estimated to be 0% next year.
If you bought $2,000 of Yandex shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Yandex's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Yandex's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:YNDX Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
Global Interactive Media and Services Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 0.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1941 Stocks 3.1%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 2%
United States of America Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:YNDX Future Dividends Estimate Data
Date (Data in RUB) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 0.00 4.00
2021-12-31 0.00 5.00
2020-12-31 0.00 5.00
2020-04-03

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Yandex has not reported any payouts.
  • Unable to verify if Yandex's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Yandex's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Yandex has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Yandex's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Yandex's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Yandex afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Yandex has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

YNDX Management

 What is the CEO of Yandex's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Arkady Volozh
AGE 55
TENURE AS CEO 20.3 years
CEO Bio

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. He Founded InfiNet Wireless Limited in 1993. He served as the Chief Executive Officer and General Director of Yandex NV, the largest Russian portal, which he co-founded in 2000. Mr. Volozh is a serial entrepreneur with a background in computer science. For ten years prior to becoming the head of Yandex, he co-founded CompTek International, the largest network and telecom equipment distributor in Russia and was its Chief Executive Officer. His success in the Russian business arena dates back 1987, when he was a founding member of one of Moscow's first computer co-operatives. As the head of Wireless Data Committee of Russian Association of Networks and Services (RANS) Mr. Volozh facilitated frequency deregulation process for the wireless internet access operators (1998). He serves as Director of Vizi Labs Inc. and InfiNet Wireless Limited. He has been an Executive Director at Yandex N.V since 2000. He served as Member of the Board of Directors at Face.com and Yandex NV. Mr. Volozh received an MS degree in Applied Mathematics from Gubkin Institute of Oil and Gas in 1986 and conducted considerable research in the area of data analysis at the Institute of Control Problems of the Russian Academy of Sciences.

CEO Compensation
  • Insufficient data for Arkady to compare compensation growth.
  • Insufficient data for Arkady to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure of the Yandex management team in years:

11.3
Average Tenure
  • The average tenure for the Yandex management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Arkady Volozh

TITLE
Founder
AGE
55
TENURE
20.3 yrs

Elena Kolmanovskaya

TITLE
Co-Founder & Consultant

Greg Abovsky

TITLE
CFO & COO
AGE
42
TENURE
5.6 yrs

Yulia Gerasimova

TITLE
Head of Investor Relations
TENURE
0.1 yrs

Dmitriy Stepanov

TITLE
Chief Marketing Officer

Vadim Marchuk

TITLE
Vice President of Corporate Development

Elena Bunina

TITLE
Director of HR & Educational Programs

Dmitry Ivanov

TITLE
Head of Yandex.Zen
TENURE
17 yrs

Arkady Borkovsky

TITLE
Chief Technology Officer of Yandex Labs

Artem Savinovsky

TITLE
Head of Media Services
Board of Directors Tenure

Average tenure and age of the Yandex board of directors in years:

6.4
Average Tenure
55
Average Age
  • The tenure for the Yandex board of directors is about average.
Board of Directors

John Boynton

TITLE
Non-Executive Chairman
AGE
54
TENURE
3.9 yrs

Arkady Volozh

TITLE
Founder
AGE
55
TENURE
20.3 yrs

Tigran Khudaverdyan

TITLE
Deputy Chief Executive Officer & Director
TENURE
0.8 yrs

Charlie Ryan

TITLE
Non Executive Director
AGE
52
TENURE
8.9 yrs

Rogier Rijnja

TITLE
Non-Executive Director
AGE
56
TENURE
6.9 yrs

Alexander Voloshin

TITLE
Non-Executive Director
AGE
63
TENURE
9.7 yrs

Esther Dyson

TITLE
Non-Executive Director
AGE
67
TENURE
14.3 yrs

Herman Gref

TITLE
Non-Executive Director
AGE
55
TENURE
5.9 yrs

Ilya Strebulaev

TITLE
Non-Executive Director
AGE
43
TENURE
1.8 yrs

Misha Parakhin

TITLE
Non-Executive Director
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Yandex's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Yandex has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

YNDX News

Simply Wall St News

Is There Now An Opportunity In Yandex N.V. (NASDAQ:YNDX)?

Let’s take a look at Yandex’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change. … However, given that Yandex’s share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us another chance to buy in the future. … Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations.

Simply Wall St -

The Yandex (NASDAQ:YNDX) Share Price Is Up 66% And Shareholders Are Holding On

(NASDAQ:YNDX) shareholders have seen the share price rise 66% over three years, well in excess of the market return (30%, not including dividends). … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … During three years of share price growth, Yandex achieved compound earnings per share growth of 22% per year.

Simply Wall St -

Is There More To Yandex N.V. (NASDAQ:YNDX) Than Its 10% Returns On Capital?

What is Return On Capital Employed (ROCE)? … The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Yandex: 0.10 = RUруб24b ÷ (RUруб269b - RUруб38b) (Based on the trailing twelve months to March 2019.) Therefore, Yandex has an ROCE of 10%. … Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE.

Simply Wall St -

What Type Of Shareholder Owns Yandex N.V.'s (NASDAQ:YNDX)?

View our latest analysis for Yandex NasdaqGS:YNDX Ownership Summary, July 9th 2019 What Does The Institutional Ownership Tell Us About Yandex? … We can see that Yandex does have institutional investors; and they hold 71% of the stock. … It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time.

Simply Wall St -

Should You Ramp Up Holdings In Yandex N.V. (NASDAQ:YNDX)?

Below I take a look at three key features of what makes a robust defensive stock investment: its size, financial health and track record. … Characteristics I value in a long term investment are proven in Yandex, and I can continue to sleep easy at night with the stock as part of my portfolio. … Yandex tick the boxes in terms of its scale, financial health and proven track record, but there are a few other things I have yet to consider.

Simply Wall St -

How To Take Advantage Of Yandex N.V. (NASDAQ:YNDX) In A Bear Market

Looking at its size, financial health and track record, I believe there's an opportunity with Yandex during these volatile times. … With no lenders' needs to tend to, Yandex enjoys financial flexibility and independence - an invaluable position to be in during bear markets. … Next Steps: Yandex makes for a robust long-term investment based on its scale, financial health and track record.

Simply Wall St -

Is Yandex N.V. (NASDAQ:YNDX) A High Quality Stock To Own?

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Yandex: 22% = RUруб49b ÷ RUруб217b (Based on the trailing twelve months to March 2019.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … Does Yandex Have A Good Return On Equity? … A company that can achieve a high return on equity without debt could be considered a high quality business.

Simply Wall St -

Estimating The Fair Value Of Yandex N.V. (NASDAQ:YNDX)

(NASDAQ:YNDX) as an investment opportunity by taking the expected future cash flows and discounting them to today's value. … Generally we assume that a dollar today is more valuable than a dollar in the future, so we discount the value of these future cash flows to their estimated value in today's dollars: 10-year free cash flow (FCF) forecast 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF (RUB, Millions) RUB22.34k RUB27.75k RUB35.42k RUB47.14k RUB56.95k RUB64.93k RUB71.83k RUB77.77k RUB82.90k RUB87.41k Growth Rate Estimate Source Analyst x4 Analyst x7 Analyst x5 Analyst x4 Analyst x4 Est @ 14.02% Est @ 10.63% Est @ 8.26% Est @ 6.6% Est @ 5.44% Present Value (RUB, Millions) Discounted @ 8.8% RUB20.53k RUB23.44k RUB27.50k RUB33.64k RUB37.35k RUB39.14k RUB39.80k RUB39.60k RUB38.80k RUB37.60k Present Value of 10-year Cash Flow (PVCF)= RUB337.41b "Est" = FCF growth rate estimated by Simply Wall St We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. … In the same way as with the 10-year 'growth' period, we discount future cash flows to today's value, using a cost of equity of 8.8%.

Simply Wall St -

Yandex (NASDAQ:YNDX) Shareholders Booked A 85% Gain In The Last Three Years

(NASDAQ:YNDX) shareholders have seen the share price rise 85% over three years, well in excess of the market return (41%, not including dividends). … During three years of share price growth, Yandex achieved compound earnings per share growth of 77% per year. … The average annual share price increase of 23% is actually lower than the EPS growth.

Simply Wall St -

Does Yandex N.V. (NASDAQ:YNDX) Create Value For Shareholders?

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Return On Capital Employed (ROCE): What is it? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

YNDX Company Info

Description

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.

Details
Name: Yandex N.V.
YNDX
Exchange: NasdaqGS
Founded: 2004
$10,653,175,609
326,684,318
Website: http://ir.yandex.com
Address: Yandex N.V.
Schiphol Boulevard 165,
Schiphol,
Noord-Holland, 1118 BG,
Netherlands
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS YNDX Class A Ordinary Shares Nasdaq Global Select US USD 24. May 2011
DB YDX Class A Ordinary Shares Deutsche Boerse AG DE EUR 24. May 2011
LSE 0EDM Class A Ordinary Shares London Stock Exchange GB USD 24. May 2011
KAS NL_YNDX Class A Ordinary Shares Kazakhstan Stock Exchange KZ KZT 24. May 2011
RTS YNDX Class A Ordinary Shares Moscow Exchange Classica RU USD 24. May 2011
MISX YNDX Class A Ordinary Shares Micex - Rts RU RUB 24. May 2011
Number of employees
Current staff
Staff numbers
10,092
Yandex employees.
Industry
Interactive Media and Services
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/03 03:25
End of day share price update: 2020/04/02 00:00
Last estimates confirmation: 2020/04/03
Last earnings filing: 2020/02/14
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.