AQUA Relative Valuation - Inarktika PAO - Alpha Spread

Inarktika PAO
MOEX:AQUA

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Inarktika PAO
MOEX:AQUA
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Price: 624 RUB 2.8%
Market Cap: 54.8B RUB
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Relative Value

The Relative Value of one AQUA stock under the Base Case scenario is 1 185.3 RUB. Compared to the current market price of 624 RUB, Inarktika PAO is Undervalued by 47%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

AQUA Relative Value
Base Case
1 185.3 RUB
Undervaluation 47%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
87
vs Industry
18
Median 3Y
4.1
Median 5Y
2.7
Industry
0.9
vs History
98
vs Industry
65
Median 3Y
7.3
Median 5Y
7
Industry
16.3
vs History
50
vs Industry
41
Median 3Y
-303.8
Median 5Y
6.4
Industry
9.4
vs History
77
vs Industry
27
Median 3Y
22.5
Median 5Y
23.7
Industry
17.4
vs History
98
vs Industry
36
Median 3Y
2.7
Median 5Y
2.2
Industry
1.5
vs History
85
vs Industry
18
Median 3Y
4.4
Median 5Y
2.9
Industry
1.1
vs History
95
vs Industry
43
Median 3Y
10.4
Median 5Y
6.6
Industry
4.7
vs History
95
vs Industry
57
Median 3Y
10.7
Median 5Y
7.2
Industry
10.2
vs History
98
vs Industry
60
Median 3Y
13.1
Median 5Y
8.2
Industry
13.5
vs History
49
vs Industry
42
Median 3Y
-326
Median 5Y
6.5
Industry
10.6
vs History
33
vs Industry
24
Median 3Y
-14.4
Median 5Y
-15.5
Industry
15.3
vs History
96
vs Industry
37
Median 3Y
1.9
Median 5Y
1.7
Industry
1.1

Multiples Across Competitors

AQUA Competitors Multiples
Inarktika PAO Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
RU
Inarktika PAO
MOEX:AQUA
54.3B RUB 1.9 3.5 4.4 4.8
JP
Goyo Foods Industry Co Ltd
TSE:2230
53.2T JPY 23 895.9 540 752.8 186 542.5 318 284.3
CH
Nestle SA
SIX:NESN
223.5B CHF 2.4 20 14.1 17.2
US
Mondelez International Inc
NASDAQ:MDLZ
101B USD 2.8 25.6 15.4 18.4
FR
Danone SA
PAR:BN
42B EUR 1.5 41.9 9.5 14
US
Kraft Heinz Co
NASDAQ:KHC
43B USD 1.6 22.4 9.7 11.5
US
General Mills Inc
NYSE:GIS
42B USD 2.1 16.8 12.6 14.5
US
Hershey Co
NYSE:HSY
40.7B USD 3.7 22.1 14.8 17.3
ZA
Tiger Brands Ltd
JSE:TBS
37.5B Zac 0 0 0 0
ZA
Avi Ltd
JSE:AVI
33.6B Zac 0 0 0 0
IN
Nestle India Ltd
NSE:NESTLEIND
2.5T INR 12.5 75.8 50.1 56.2

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