Invest in Russia (investinrussia) wrote,
Invest in Russia
investinrussia

Abrau Durso – 48% upside

Abrau Durso (JSC Abrau Durso, MICEX:ABRD) started to trade at MICEX-RTS on 11 April 2012 to "test" investor interest. So, let's test our interest.

The intrigue of the stock is that it's very cheap comparable to multiples from other emerging markets… except Russia.

EV/2011E EBITDA = 5.9x



What about DCF valuation?

My target price is 8,167 RUB which is 48% to 08.06.2012 close price at 5,501 RUB.



Read the rest of the research at Abrau Durso – 48% upside with "Champagne"
Tags: fundamental analysis, ipo, stocks, upside
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