Yandex N.V.$45.57(2.26%)

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dmoney Well-calibrated. Correct 80 % of the time. 4199.01 (edited)
$20 $50 forecast for 2020-12-31

Yandex is the Russian Google. The company was founded in 2004 and provides search engine related services, online advertising, classifieds, email and various tech products such as cloud computing mainly in Russia and eastern Europe. The stock crashed 25% in october 2019 when the Russian legislation tried to pass laws that let the government have total control of all email and online communication activity. The fear of this becoming a reality rapidly evaporated and the stock has rallied 50% in the past couple of months.

Yandex has super strong moat and are expected to grow earnings and revenue at more than 30% for the next few years. They have no debt and loads of cash. Current valuation is at a P/E of 46 with a forward P/E of around 25. Taking the extra risk of operating mainly in Russia and compared to the rest of the Russian market the current price is somewhat steep and depends on Yandex really delivering on their growth targets. The current price is also closing in at all time highs at a level that the stock price has not managed to break the previous 4 times it was this high, we might therefore see a retraction in the short term.

I'm expecting a slight upward trend over the next couple of years.

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