Market consensus of analysts

Data as of 01.08.2019

Analysts’ estimations

Company

Analysts

Date

Recommendation

Estimation, RUB

Renaissance Capital

Sergey Beiden

12.07.2019

Hold

0,323

FINAM

Natalia Malykh

07.06.2019

Hold

0,330

Sova Capital

Matvey Taits

29.07.2019

Hold

0,275

Market consensus


0,309

Recommendations


January‘19

February‘19

March‘19

April‘19

May‘19

June‘19

July‘19

Market consensus, RUB

0,420

0,420

0,420

0,334

0,333

0,310

0,309

Closing price, RUB

0,299

0,289

0,300

0,308

0,296

0,2968

0,277

Upside/downside, %

40%

45%

40%

8%

13%

4%

12%

Total recommendations

2

2

2

3

3

3

3

Buy

1

1

1

1

1

0

0

Hold

1

1

1

2

2

3

3

Sell

0

0

0

0

0

0

0

Recommendations 2018


July‘18

August‘18

September‘18

October‘18

November‘18

Market consensus, RUB

0,397

0,397

0,397

0,420

0,420

Closing price, RUB

0,340

0,297

0,2945

0,284

0,289

Upside/downside, %

17%

34%

35%

48%

45%

Total recommendations

2

2

2

2

2

Buy

0

0

0

1

1

Hold

2

2

2

1

1

Sell

0

0

0

0

0

Recommendations 2017


Jan

‘17

Feb
‘17
March
‘17
Apr
‘17
May
‘17
June
‘17
July
‘17
Aug ‘17 Sep
‘17
Oct
‘17
Nov
‘17
Dec
‘17

Market consensus, RUB

0,300

0,300

0,300

0,300 0,300 0,330 0,330 0,330 0,330 0,270 0,270 0,270

Closing price, RUB

0,440

0,410

0,394

0,411 0,478 0,434 0,474 0,533 0,501 0,471 0,397 0,356

Upside/downside, %

-32%

-27%

-24%

-27% -37% -24% -30% -38% -34% -43% -32% -24%

Total recommendations

3

3 3 3 3 2 2
2 2 1 1 1

Buy

1

1 1 1 1 1 1
1 1 0 0 0

Hold

0

0 0 0 0 0 0
0 0 0 0 0

Sell

2

2 2 2 2 1 1
1 1 1 1 1

Recommendations 2016


Jan ‘16

Feb ‘16

March ‘16

Apr ‘16

May ‘16

June ‘16

July ‘16

Aug ‘16

Sep ‘16 Oct ‘16 Nov ‘16 Dec ‘16

Market consensus, RUB

0,165

0,165

0,165

0,165

0,165

0,165

0,217

0,217

0,217 0,217 0,300 0,300

Closing price, RUB

0,195

0,214

0,245

0,280

0,268

0,235

0,285

0,33

0,306 0,312 0,363 0,447

Upside/downside, %

-15%

-23%

-33%

-41%

-38%

-30%

-24%

-34%

-29% -30% -17% -33%

Total recommendations

4

4

4

4

4

4

3

3

3 3 3 3

Buy

0

0

0

0

0

0

1

1

1 1 1 1

Hold

1

1

1

1

1

1

0

0

0 0 0 0

Sell

3

3

3

3

3

3

2

2

2 2 2 2

Consensus forecast of annual financial indicators*, million RUB

Indicator

2019F

2020F

2021F

Revenue

95 764

98 590

103 275

EBITDA

17 825

18 040

18 335

Net profit

3 146

3 399

3 615

Net debt

40 287

40 979

37 893

*According to IFRS

These estimations and recommendations are based on forecasts made by analysts of investment banks, covering IDGC of Centre. Any opinions, estimates or projections relating to IDGC of Centre, are the private opinions of investment analysts and do not represent opinions, estimates or forecasts of IDGC of Centre or Management of IDGC of Centre. Disclosure of the above information does not imply its approval or consent to it by IDGC of Centre. IDGC of Centre does not guarantee the accuracy of this information, which may be abridged or incomplete, and is not responsible for the consequences of use of these opinions, estimates or forecasts.