OPM-Bank |
Company Profile
Aeroflot International Airlines
Symbol |
AERO |
No. Employees |
13,400 |
Industry |
Transportation |
Common Shares |
3,164,149 |
Main Location |
Moscow |
Preferred Shares |
|
General Summary
Once Russia's monopoly in the sky, Aeroflot was broken up into numerous "baby flots" and Aeroflot International Airlines (AIA). AIA flies to 100 different countries and is expanding its presence on the domestic market. AIA recently signed a deal with Continental Airlines that will enable AIA to penetrate the US market, where it plans to issue ADR's later this year. AIA has taken great strides in becoming a "friendlier" airline by substantially increasing the number of its services and routes. The airliner's General Director, Valery Okulov, is President Boris Yeltsin's son-in-law.
INCOME STATEMENT SUMMARY (in $ million)
|
1994 |
1995 |
1996 |
Revenues |
936 |
1,050 |
1,275 |
EBIT |
164 |
44 |
35 |
Net Income |
113 |
30 |
34 |
BALANCE SHEET SUMMARY (in $ million)
|
12/31/94 |
12/31/95 |
12/31/96 |
Total Assets |
890 |
960 |
1,030 |
Current Assets |
665 |
525 |
455 |
Acct. Receivable |
n.a. |
250 |
305 |
Total Liabilities |
890 |
330 |
355 |
Cur. Liabilities |
889 |
310 |
340 |
Acct. Payable |
n.a. |
210 |
300 |
Shareholder's Equity |
n.a. |
630 |
675 |
VALUES
Common Price |
10 |
10 |
30 |
Mkt. Capitalization |
$ 32,500,000 |
$ 32,500,000 |
$ 95,000,000 |
YEAR ENDING RATIOS
PRICING FACTORS
|
1994 |
1995 |
1996 |
Earnings per Share |
35.71 |
9.48 |
11.06 |
EPS Growth Rate |
|
-0.73 |
0.17 |
Price / Earnings |
2.80 |
7.38 |
19.89 |
Book Value / Share |
|
200 |
215 |
PROFITABILITY INDICATORS
|
1994 |
1995 |
1996 |
Pretax Profit Margin |
0.18 |
0.04 |
0.03 |
Return on Capital |
|
0.95 |
1.11 |
Return on SE |
|
0.05 |
0.05 |
FINANCIAL CONDITIONS
|
1994 |
1995 |
1996 |
Current Ratio |
0.75 |
1.69 |
1.34 |
Working Capital $ml. |
-224 |
215 |
115 |
Acct. Rec. / Revenue |
|
0.24 |
0.24 |
Acct. Rec. / Acct. Pay |
|
1.19 |
1.02 |
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