In this video, I give an update on Polymetal following the stock crashing by 90% since 23rd February 2022. Due to the full scale Russian Invasion of Ukraine, most Russian stocks have collapsed. The Russian stock market is experiencing the fifth worst crash in history.
I analyse Polymetal International stock $POLY using fundamental analysis. I give my thoughts on the viability of the business and investing risks following recent events.
I go through Polymetal's business summary, sales breakdown & financial ratios to get an understanding of the business. After this, I go through my analysis checklist and then value Polymetal stock using the discounted free cashflow method. The FCF numbers I use in this video do not take into consideration the impact of the invasion. It's to be foreseen whether the business can produce any cash flows from this point onwards. Proceed with caution!
Polymetal International plc is an Anglo-Russian precious metals mining company registered in Saint Helier, Jersey. It is listed on the London Stock Exchange and Moscow Exchange and is a constituent of the FTSE 100 Index.
The company is the third global primary silver producer, the largest silver and the fourth gold producer in Russia. Polymetal owns gold and silver mines and carries out exploration activities in six regions of Russia, Kazakhstan and Armenia.
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