НОВАТЭК1Р2

Yield per half year: -9.27%
Category: Корпоративные

Profitability chart

Yield to maturity chart compared to ОФЗ 26230

Yield to maturity

  • Denomination: 100 usd
  • Price % of denomination: 86.19 %
  • NKD: 47.58 usd
  • Yield to maturity: 10.6%
  • Coupon yield: 6.26%
  • Profitability coupon from current price: 7.26%
  • Current yield on coupons with reinvestment: 7.46%
  • Coupon: 1.56 usd
  • Coupon once of year: 4.01

Grade

  • Quality: 8.33/10
    BQ = (R(ROE) + R(NetDebt/Equity) + R(Earnings variability)) / 3
  • Liquidity index: 10/10
    Li = (Lbasei - min(Lbase)) / (max(Lbase) - (min(Lbase))
    Lbasei = (𝑉𝑖 / 𝑉)^2, where
    Li - final value of the liquidity index
    𝑉𝑖 - average daily trading volume for the i-th instrument for the previous 30 trading days
    𝑉 - average daily trading volume for all instruments for the previous 30 trading days
    Li = (1.5042451807429 - 0.89399686822825) / (1.1367098806984 - 0.89399686822825)

Credit rating

  • Credit rating Акра: AAA(RU)
  • Credit rating Эксперт: ruAAA

Altman index

In 1968, Professor Edward Altman proposed his now classic five-factor model for predicting the likelihood of enterprise bankruptcy. The formula for calculating the integral indicator is as follows:
Z = 1.2*X1 + 1.4*X2 + 3.3*X3 + 0.6*X4 + X5
X1 = Working capital/Assets, X2 = Retained earnings/Assets, X3 = Operating profit/Assets, X4 = Market value of shares/Liabilities, X5 = Revenue/Assets
If Z > 2.9 – zone of financial stability (“green” zone).
If 1.8 < Z <= 2.9 – zone of uncertainty (“gray” zone).
If Z <= 1.8 – financial risk zone (“red” zone).
Altman index, Z-Score = 1.2 * 0.98 + 1.4 * 0.14 + 3.3 * 0.3 + 0.6 * 38.88 + 0.43 = 26.1128

Evstropov index

Y = 0.25 - 14.64 * R1 - 1.08 * R2 - 130.08 * R3
where Y is the calculated coefficient; R1 - the ratio of profit before taxes and interest to total assets; R2 is the growth rate of sales revenue in the reporting year; R3 - absolute liquidity ratio (ratio of cash to current liabilities).
P = 1 / (1 + e-Y) - probability of opening a bankruptcy procedure
Evstropov index, Y = 0.25 - 14.64 * 0.3 - 1.0.8 * 0.49 - 130.08 * 0.7 = -96.0272
P = 1 / (1 + e96.0272) = 0%