Yandex, die kleine russische Google! Möchte mal eine Disskussion anregen, die letzten 3 Tage ging es mit diesem Wert steil nach oben, nur um gestern wieder fast alles gewonnene abzugeben. Beobachte diesen Wert schon eine Weile, suche und warte noch auf den richtigen Einstiegsmoment. Google hat auch mal klein angefangen.
lebt von Werbeeinnahmen. Wie schätzt du die Entwicklung ein, unabhängig wie schwachsinnig die Westwirtschaftssanktionen sind, so werden sie zumindest eine Wirkung haben. Einerseits wird der US-Einfluss, auch durch Google oder Facebook zurückgedrängt, andererseits braucht Yandex Werbekunden!?
The Netherlands-headquartered Yandex is presenting tough competition to Google Inc. (GOOG) in Russia, as search engine yandex.ru is the largest Internet search service provider in Russia, with a 61.9% market share (Liveinternet.ru). Google, which dominates the global Internet search market, has about a 26% market share in Russia. Yandex generated 61.7% of all search traffic in Russia, and its Yandex sites attracted 66 million unique visitors in January 2014. Yandex also operates in Ukraine (30% market share), Kazakhstan, Belarus, and Turkey (4% market share)?regions that use Cyrillic characters.
Similar to Yandex, Baidu (BIDU) is the search engine leader in China. Microsoft (MSFT) and Yahoo (YHOO) too offer search services and generate revenue from search ads.
Yandex believes its mission is to help users solve their everyday problems by building people-centric products and services. The company uses its technical capabilities to develop advanced search technology and information retrieval services. Yandex?s search services and many of its other services are location-based and available in versions tailored for mobile and other digital platforms or devices. The company also offers a wide range of specialized search-based, personal, and location-based services.
Yandex?s popular mobile apps include Yandex.Maps, a mapping service that provides detailed maps of more than 1,300 cities and towns in Russia, Ukraine, Kazakhstan, and Belarus, together with satellite images and hybrid maps, panoramic street views, and driving directions for desktop and mobile users. Yandex.Market is an online retail comparison shopping service that?s being revamped to benefit from the growth of e-commerce in Russia. Yandex said on its 4Q 2013 earnings call that its revenue growth was primarily driven by Yandex.Taxi, a taxi ordering service with traffic-based routing. Other mobile applications include Yandex.Search for Mobile, Yandex.Mail, and the online payment service Yandex.Money.....
Shares of Yandex (YNDX) are sinking faster than analysts can lower their price targets. Yandex slumped another 16.9% at 11AM Eastern time, after a 5.6% fall yesterday.
Yandex is still a good company; the first quarter earnings looked good, commented Deutsche Bank. But Yandex has country risk. ?We remind investors that the country is represented via a priority share owned by Sberbank, which itself is 51% controlled by the Central Bank of the Russian Federation?, noted Deutsche Bank analyst Lloyd Walmsley and team in a research note today.
According to Yandex?s filings with the SEC, through the priority shares, Sberbank, which is controlled by the Russian government (via the central bank stake)as well as the board of directors, would have to grant their approval before a shareholder could accumulate a 25% stake.
Yesterday, Russian President Vladimir Putin showed his intent to censor the Internet and Yandex, saying Russia should protect its information technology in a market dominated by the U.S. The U.S. is expected to deepen its sanctions against Russia.
Deutsche Bank lowered its price target to $32 down from $38. This price target implies 25 times 2014 earnings, down from 30 times before, to reflect ?political risk.?...
Revenues of RUR 10.9 billion ($305.0 million), up 36% compared with Q1 2013 (and up 39% excluding the impact of Yandex.Money) Ex-TAC revenues (excluding traffic acquisition costs) up 24% compared with Q1 2013 (and up 28% excluding the impact of Yandex.Money) Income from operations of RUR 2.7 billion ($76.1 million), up 11% compared with Q1 2013 Adjusted EBITDA of RUR 4.0 billion ($113.3 million), up 15% compared with Q1 2013 Operating margin of 25.0% Adjusted EBITDA margin of 37.1% Adjustedex-TAC EBITDA margin of 48.6% Net income of RUR 2.7 billion ($75.1 million), up 19% compared with Q1 2013 Adjusted net income of RUR 2.6 billion ($71.5 million), up 6% compared with Q1 2013 Net income margin of 24.6% Adjusted net income margin of 23.4% Adjustedex-TAC net income margin of 30.7% Cash, cash equivalents and long-term deposits of RUR 51.0 billion ($1,428.0 million) as of March 31, 2014 "Yandex delivered strong quarterly revenue growth," said Arkady Volozh, Chief Executive Officer
: No Impact From Ukraine Says Barclay KZ $39,16
auch das neue Internetgesetz in Russland hat keinen Einfluss
Mail.ru (MLRYY) and Yandex (YNDX) have not suffered from the Ukraine crisis.
The advertising environment is holding firm. Here is analyst Boris Vilidnitsky:
Our channel checks, including conversations with advertisers and management, indicate that the slowdown in economic growth has not impacted the internet advertising market to date. Although visibility is now reduced, advertisers are more concerned with political and legal issues than the low GDP growth.
President Vladimir Putin went on a rant about how Russia?s Internet companies were controlled by the U.S. last month, sending both stocks plummeting. Russia has since then tightened Internet regulations, including now requiring bloggers to register with the government. These new restrictive Internet regulations have limited impact on Mail.ru and Yandex, according to Barclays:
Over the last few weeks the Russian government has proposed several new regulations for the internet. The most significant is to potentially force companies to keep all data on Russian users within Russia. If the regulation is approved, Mail.ru would have to spend $20-30mn while Yandex would need to move its Finnish data center in house. We estimate the costs to Yandex at no more than a $50mn one off charge. Neither is substantial given the companies? respective >$1bn of net cash on their balance sheet.
In addition, Barclays expects Yandex?s operating margins to improve this year:....
To be sure, Barclays lowered its target price for both companies, but only to reflect the lower exchange rate for ruble. Its local-currency estimates are not changed.
Between Mail.ru and Yandex though, Barclays prefer London-traded Mail.ru, because Mail.ru?s revenue stream is more diversified. Only one-third of Mail.ru?s revenue comes from advertising, whereas Yandex depends entirely on it.
Shares of Yandex have recovered strongly since its late April low of $24, now trading at $29.57. Barclays has $39.16 target price on this stock.
In trading on Friday, shares of Yandex NV (Symbol: YNDX) crossed above their 200 day moving average of $35.51, changing hands as high as $35.67 per share. Yandex NV shares are currently trading up about 5.2% on the day. The chart below shows the one year performance of YNDX shares, versus its 200 day moving average:
: Yandex kauft Auto.ru For About $175 Mln Cash
....Auto.ru's users have access to the largest online motor vehicle classifieds catalogue in Russia, which includes more than 400,000 unique listings for all types of new and used motor vehicles, placed by both auto dealers and private individuals. Currently, it is rated as one of the best among the top-3 vehicle classifieds website in Russia.
....Yandex affirmed its full-year growth forecast today, saying revenue there will grow 25-30% this year.
Yandex?s market share in Russia fell slightly from 62% to 61.6% in the second quarter, while Google?s (GOOG) rose from 27.1% in the first quarter to 29.1% at the end of June. This should not be a concern, noted Deutsche Bank analysts Lloyd Walmsley and team in a note published yesterday:
We do not believe this referral traffic share loss, however, reflects much loss of query share, at least for Yandex (if not for Mail.ru). Rather, we believe that Yandex is providing more answers in its search results, allowing users to get what they need without clicking through to a third party link (e.g. a referral), which is what LiveInternet.ru data measures as a publisher-side analytics tool. Further, we think Google has made tweaks to allow some of its referrers that were previously partially hidden to sites like LiveInternet to become more visible. To some extent, however, the share loss also reflects summer seasonality, when users are at work less and at home more, where Google?s share tends to be higher.
Yandex is down 30% this year because of Russia?s conflict with Ukraine.
Why Yandex (YNDX) Could Be an Impressive Growth Stock - Tale of the Tape Growth stocks can be some of the most exciting picks in the market, as these high-flyers can captivate investors? attention, and produce big gains as well. However, these can also lead on the downside when the growth story is over, so it is important to find companies which are still seeing strong growth prospects in their businesses.
One such company that might be well-positioned for future earnings growth is Yandex N.V. (YNDX). This firm, which is in the Internet Content industry, saw EPS growth of 48.2% last year, and is looking great for this year too.
In fact, the current growth estimate for this year calls for earnings-per-share growth of 825.2%. Furthermore, the long-term growth rate is currently an impressive 16.6%, suggesting pretty good prospects for the long haul.
And if this wasn?t enough, the stock has actually seen estimates rise over the past month for the current fiscal year by about 971.6%. Thanks to this rise in earnings estimates, YNDX has a Zacks Rank #2 (Buy) which further underscores the potential for outperformance in this company. http://www.zacks.com/stock/news/158286/...-an-impressive-growth-stock
The size of the Russian internet advertisement market could more than double by 2019. A structural shift to online advertisement mitigates the impact of declining ad spending overall. Google may be reducing its operations in the region leaving little to no competition for Yandex. Yandex.Market provides budding opportunity in E-commerce. The market is pricing in continued resilience to macroeconomic pressures leaving little room for error.
In the United States, Google (NASDAQ:GOOG) dominates the online search business with a 67% share of online searches. In Russia, the dominant player is Yandex which handles 62% of online searches. Google entered the Russian market in 2001 and struggled initially with language barriers, only carving out 5% of the market by 2006. Google opened its first office in Russia in 2006 and by 2012 its market share grew to 25%.
In einem Search-Vergleich kommt der Verfasser zu dem Schluss,dass Yandex deutlich besser ist als Google
...Google does not surpass Yandex in search quality and in some cases lacks features which Yandex supports. Google adequately interprets the Russian language, but this in itself is not enough to merit switching from Yandex to Google.Yandex's biggest advantage is its superior ad selection.....
Data from TNS Web Index shows that 71% of the population in cities with over one million has internet access. The overall country average is dragged down by more rural areas where only 51% of the population has internet access. Approximately 90% of people age 12-34 have internet access while less than half of people 35+ have internet access. Getting the older population and those living in rural areas on the internet may prove to be more difficult than getting the young population in the cities on the internet. This explains the slowing growth of internet users in the past few years and suggests that growth will remain relatively slow in the years to come.
....The Russian ad market has been rapidly shifting money away from newspapers and magazines and toward the internet. In 2013 according to UBS estimates, ad spending in newspapers and magazines fell 2% and 10% year over year respectively while internet ad spending rose nearly 30%. Internet ad spending now represents over 20% of total ad spending in Russia. behind only TV ads which comprise approximately half of ad spending.....
While Yandex currently generates almost all of its Revenue from advertisements, there is significant option value embedded within many of the other services Yandex operates. Some of these services generate a significant amount of traffic compared to Yandex.ru. Yandex Mail, Yandex Maps, and Yandex news, all approximately generate half as much traffic as Yandex.ru. If these services are developed and monetized, they could contribute significantly to revenue and the value of the business.
Yandex Market in particular provides a significant opportunity in e-commerce. According to Ecommerce Europe, e-commerce grew 47% in Russia in 2013. 32% of the adult population shopped online in 2013 and spent on average $520 (or 20,000 RUB). In total, e-commerce spending reached $17 billion (660 billion RUB). East West Digital News estimates that the market grew at least 27% in RUB terms in 2014. In the next five years, the market may expand to as much as $40-$50 billion and in the long term (10+ years) the ultimate size of the market may reach more than $100 billion.
There are significant challenges remaining in the development of e-commerce in Russia. The main obstacle is an expensive and inefficient postal system. Domestic shipments often take weeks to be delivered and cross-border shipments may even take months. If a customer is not home when a package is to be delivered, the postal service is supposed to leave a note in the mailbox. These notes are often not left, and packages end up being returned to sender without the customer even being notified. To make matters worse, the postal service charges a "storage service fee" which is added if a parcel is not picked up within a few days. One positive development for the postal service in 2014 was the percentage of packages lost or stolen fell below 1%.
...Using my assumptions, I forecast EPS can grow from 37 RUB per share in 2015 to 95 RUB per share in 2020, an increase of 256% or a CAGR of 20.75%...
According to Thomson Reuters data, Yandex's forward twelve month (FTM) PE ratio has ranged from as high as 80x to the recent lows around 20x. ..Yandex is currently trading at a PE of around 23.5x compared to an average PE of 29.7x among comparables.
Despite rapidly expanding CapEx over the next year, I expect free cash flow generation to be very strong and continue to grow impressively over the next five years.Using a WACC of 10.6% and a terminal growth rate of 3%, I calculate Yandex shares are worth 1,102 RUB per share, or $16.95 USD based on DCF valuation.....
Yandex is the leading player in an underpenetrated rapidly growing market and has the potential to grow its earnings for quite some time. Despite this, Yandex remains highly valued, and the potential ROI is low relative to the high levels of risk associated with investing in Russia during this unstable period. ....Even using optimistic growth assumptions and a PE of 30x, my model suggests Yandex has only 15% upside. This leaves very little margin of safety considering the high degree of volatility in the macroeconomic environment in Russia. In a downside scenario, Yandex is likely to depreciate 25-30% plus any potential negative impact from the ruble.
zumindest der Browser scheint mir in der aktuellen Version wenig durchdacht zu sein. Auf den ersten Blick sah er ja ganz gut aus, so wie die Suchmaschine selber auch; wenn die Suchmaschine allerdings ähnlich mangelhaft ist wie der Browser, dann haben die keine Chance. Wollte ja schon einsteigen, aber das überlege ich mir doch noch einmal. Vielleicht eher eine USD oder EUR-Anleihe, wenn Moodys demnächst ebenfalls das (m.E. schwachsinnige) Downgrade auf Ramsch ausspricht.
...With the Yandex.Parking app, there is no need to drive the streets to find a parking spot or even leave your car to pay for it. The app shows more than 6,000 municipal parking areas on a map, with information about the availability of vacant spaces updated every 10-15 minutes. It also shows parking fee rates and provides a choice of easy payment methods from within the app....
The company, which is ahead of Google in Russia with a market share of about 60 percent, said its outlook was limited to quarterly guidance because of a high level of uncertainty over the economy.
Yandex reported fourth-quarter revenues of 14.7 billion roubles ($235.4 million) and said net income jumped 126 percent from a year ago to 7.6 billion roubles, boosted by a 4.7-billion-rouble foreign exchange gain.
Adjusted net income grew 13 percent to around 4.0 billion roubles while earnings before interest, taxation, depreciation and amortisation (EBITDA) increased 18 percent to 6.1 billion roubles, it said in a statement.
MOSKAU und AMSTERDAM (IT-Times) - Der russische Internet-Suchmaschinenbetreiber Yandex hat heute die Zahlen für das vierte Quartal und das Geschäftsjahr 2014 bekannt gegeben. Dabei konnten Umsatz und Ergebnis deutlich erhöht werden.
Yandex konnte demnach im vierten Quartal 2014 den Umsatz um 21 Prozent auf rund 14,667 Mrd. Russische Rubel oder rund 260,7 Mio. US-Dollar steigern. Das Nettoergebnis erhöhte sich sogar um 126 Prozent auf 7,572 Mrd. Rubel.
Auf Gesamtjahressicht wuchs der Umsatz bei Yandex um 29 Prozent auf 50,767 Mrd. Rubel. Das Nettoergebnis stieg dabei um 26 Prozent auf 17,02 Mrd. Rubel.