YNDX
Yandex N.V.
TMT
07/11/2013
Presented
| Date | 07/08/2013 |
| Price | $27.55 |
| Market Cap | $9.06B |
| Ent Value | $8.72B |
| P/E Ratio | 9.19x |
| Book Value | $5.66 |
| Div Yield | N/A |
| Shares O/S | 328.98M |
| Ave Daily Vol | 2,360,000 |
| Short Int | 0.61% |
Current
| Price | $18.94 |
| Market Cap | $6.85B |
| Yandex N.V., an Internet and technology company, operates an Internet search engine in Russia and internationally. The company offers a range of 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; and localized homepages for specific geographic markets. It provides Yandex.News, a news aggregation and information service; Yandex.Market, a price comparison service that provides product information, price comparisons, and consumer-generated reviews of products and online retailers; and other search services comprising search services for images, videos, music, theatres, televisions, weather, jobs, transportation, cars, and real estate. The company also offers Yandex.Mail, an email service, which provides users access to their email accounts; Yandex.Maps and Yandex.Navigator maps and location-based services; downloadable applications for mobile and digital platforms and devices; Yandex.Browser, a cloud-based browser; and Yandex.Disk, a cloud-based storage service that facilitates users to upload, store, and share files. In addition, the company provides text-based advertising and display advertising services, including Yandex.Direct, an auction-based advertising placement service; Yandex.Market, an e-commerce gateway service; and Yandex ad network service. Further, the company offers services and tools comprising Yandex.Webmaster that enables Webmasters to tag information on their Websites; Yandex.Metrica, a Web statistics analysis tool; Yandex Site Search, a search tool for Webmasters and Website owners; Yandex.Mail for Domain Owners that allows users to create email accounts with their own domain names; Yandex APIs that enables developers to use company’s technologies in their own businesses; and Yandex.Money, an online payment system. Yandex N.V. was incorporated in 2004 and is based in The Hague, the Netherlands. |
Highlights
There are a number of similarities between Yandex (YNDX) today, and Baidu (BIDU) before it experienced rapid profit growth, and the presenter is bullish on the outlook for the Russia’s largest internet search company (YNDX has ~70% market share). Shares are trading at just 10x his 2015 EBITDA estimate (vs. the Street at 11.3x), and he expects EBITDA could grow at a 35% pace over the next two years.
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