IT
POSI
Positive Technologies
1 227.2 ₽
+4.04% for the day
Market cap
87.39 bn ₽
71.2 mn shares
Target price
1 279.8 ₽
based on our forecasts
Upside
+4.3%
to the target price
Industry
IT
other stocks →
Listing
1 level
RU000A103X66
Fair value assessment
Hold
upside potential
+4.3%
Current
1 227.2 ₽
1 279.8 ₽
12M target
How the target is built
Price history
- dividend record date
Dividends
All dividends
next year's forecast dividend is not covered by cash flow - funded by debt or free cash reserves
0.1× FCF
| Size | Period | Record date | Last buy date | Yield | Status |
|---|---|---|---|---|---|
| 32.81 ₽ | forecast, 2027 | 16.04.2027 | 15.04.2027 | 2.67% | forecast |
| 32.81 ₽ | forecast, 2027 | 24.05.2027 | 21.05.2027 | 2.67% | forecast |
| 32.81 ₽ | forecast, 2027 | 03.12.2027 | 02.12.2027 | 2.67% | forecast |
Payout history
| Size | Record date | Yield | Status |
|---|---|---|---|
| 28.08 ₽ | 17.05.2026 | 2.7% | paid |
| 4.56 ₽ | 24.05.2024 | 0.2% | paid |
| 47.33 ₽ | 24.05.2024 | 1.5% | paid |
| 47.30 ₽ | 20.04.2024 | 1.6% | paid |
| 15.80 ₽ | 03.12.2023 | 0.8% | paid |
| 18.94 ₽ | 22.05.2023 | 1.1% | paid |
| 37.87 ₽ | 16.04.2023 | 2.2% | paid |
| 5.16 ₽ | 14.11.2022 | 0.4% | paid |
| 14.40 ₽ | 08.05.2022 | 1.6% | paid |
YDEX
P/E ’26
10.9
EV/EBITDA ’26
4.1
Div. yield ’26
5.45%
1d chg
▲1.66%
OZON
P/E ’26
16.9
EV/EBITDA ’26
6.6
Div. yield ’26
3.46%
1d chg
▲2.58%
HEAD
P/E ’26
7.8
EV/EBITDA ’26
5.2
Div. yield ’26
14.91%
1d chg
▲0.48%
VKCO
P/E ’26
—
EV/EBITDA ’26
4.6
Div. yield ’26
—
1d chg
▲6.77%
CNRU
P/E ’26
13.3
EV/EBITDA ’26
8.7
Div. yield ’26
13.02%
1d chg
▼-0.38%
Company health
4
of 4 checks passed
Profitable
Net profit for 2025
7.3 bn ₽
Pays dividends
Paid for 2025 · no data
—
High profitability
ROE for 2025; the check threshold is above 15%
30.0%
Inexpensive on earnings
P/E below the industry average (7.5)
6.5
Upside to the target
Target price above the current one
+4.3%
Financials, ₽bn
| 2025 | 2026E | 2027E | 2028E | |
|---|---|---|---|---|
| Revenue | 30.9 | 40.8 | ||
| EBITDA | 12.3 | 20.4 | ||
| Net profit | 7.3 | 13.4 | ||
| FCF | −1.3 | 3.9 | ||
| FCF yield | −1.2% | 3.7% | ||
| EPS, ₽ | 102.23 | 188.53 |
The 2027–2028 forecast is in the PRO subscriptionWhat PRO includes
Forward multiples
| 2026E | 2027E | 2028E | |
|---|---|---|---|
| P/E | 6.5 | ||
| EV/EBITDA | 5.3 | ||
| P/B | — | — | — |
| ND/EBITDA | 1.0 | ||
| Dividend yield | 2.74% | 8.02% | — |
The 2027–2028 forecast is in the PRO subscriptionWhat PRO includes
Performance
52-week high
1 244.4 ₽
52-week low
708.0 ₽
1 month
+19.61%
3 months
+30.22%
6 months
+22.94%
1 year
+14.63%
Beta to the MOEX Index
Beta
How closely a security's price follows the market. A beta of 1.3 means that historically the security moved about 13% when the index moved 10%. A measure of swing relative to the index.
More in the glossary
1.07
Volatility, annual
35% · high
Volatility, 30 days
29%
Volatility, day
2.5%
Trading volume for the day
400.1 mn ₽