I am making my first purchase soon. Am currently in Russia and no matter where you are, is no matter what you do Yandex (яндекс) is omnipresent. However, I'll take another look at the most important numbers. The purchase itself is fixed anyway but about the size in the portfolio I have to sleep again
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@JJFabian I was also impressed by the fact that yandex is everywhere. But the numbers don't look bad either, in my opinion.
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I'm really torn... On the one hand, a P/E ratio of 78 seems enormous to me, on the other hand, this is still relatively low for a technology company... However, I also see an advantage in the fact that not only is the headquarters located in the Netherlands, but also that the company basically "copies" other established business models and replicates them on the Russian and Eastern European markets. This saves costs in product development and protects against the risk of going nowhere with developments, although I am not sure whether this strategy is particularly sustainable. In my opinion, the main concern is that at some point a company will come around the corner that is more innovative and push Yandex out of the market The only thing that removes the last point of criticism is the fact that Yandex is partly state-owned and the state in turn ensures a quasi-monopoly I'm not entirely sure of the accuracy of the information, it's also possible that I've got something mixed up
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