"Aeroflot" estimated the cost of the "Pobeda" loukoster at $ 600 million

The cost of the "Pobeda" loukoster is 600 million dollars with investments of 50 million dollars, said the general director of Aeroflot and the chairman of the board of directors of Pobeda Vitaly Saveliev. Analysts note that such an assessment is at the level of the Western counterparts.
18.05.2018
RBC
Origin source
The head of Aeroflot Vitaly Savelyev first voiced the evaluation of the affiliated airline Pobeda - $ 600 million. According to him, this amount is based on the data of "Western analysts". "This is established by the mathematical method and method of direct comparison with loukosterov," he said in an interview with TASS. The

A representative of Aeroflot explained to RBC that the valuation was done by the international consulting company Bain & Company.

Savelyev said that when the company was created at the end of 2014, according to the business plan, investments were planned at $ 120 million, and as a result, only $ 50 million was invested. In the first full year of work (2015), Pobeda received a net profit 37.2 million rubles. according to the SPARK database. In 2016 this indicator was equal to 3.3 billion rubles. As a result of 2017, the net profit amounted to 3.5 billion rubles., Said a representative of the "Victory".

"I think that for" Victory "the estimate of $ 600 million is quite adequate, it is about ten of the company's profits," says Aton analyst Mikhail Ganelin. According to him, the capitalization of the world's most famous loukosterov Ryanair and EasyJet is 12-15 profits.

"Since" Victory "is not a public one, it is an internal evaluation. And Aeroflot itself is traded as a group of lower multiples, "Ganelin said. In his estimation, if Pobeda had entered the stock market, "it would be of great interest to investors".

Capitalization of Aeroflot according to the data of the Moscow Stock Exchange is about 153 billion rubles. ($ 2.5 billion).

The capitalization of the European low-cost truck EasyJet, which has 298 aircraft in its fleet, is £ 6.9 billion, according to the London Stock Exchange (LSE). The capitalization of the low-cost Ryanair is £ 15.7 billion. Its fleet numbers almost 400 aircraft according to the company's annual report.

In the park "Victory" 19 aircraft, said the representative of the company.

"At the launch of this loukoster for profit no one seriously expected, not even Aeroflot. It was planned that in plus the project will be released only after 3 4 years ", - said the director of the expert group Veta Dmitry Zharskiy. According to him, the evaluation of the "Victory" in the $ 600 million "is close to reality" and is at the level of the Western counterparts.

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