Elements of financial analysis of public Russian companies amid new geopolitical conditions

the key goal of the research is to understand how sanctions restrictions and exchange rate fluctuations affect the financial condition of enterprises in various industries. Methods: the research methods used in the article are statistical methods of market analysis, methods of time series analysis and econometric methods of analysis. Findings: the study presents findings that allow, using financial analysis methods, to assess the changes in the average EBITDA margin, the average FCFF margin and the change in the share of CAPEX in revenue for Russian public companies, using data from the Smart-Lab database. The calculation in the study is carried out sequentially for EBITDA by year, FCFF and CAPEX. This will allow us to obtain a conclusion on the degree of adaptation of Russian companies to changes in geopolitical realities. Conclusions: the obtained results of the analysis of the proposed financial indicators of Russian public companies in the current conditions of sanction restrictions (changes in financial stability, liquidity and profitability of companies) allowed us to draw a conclusion about the impact of sanction restrictions and exchange rate fluctuations on the financial condition of enterprises in various industries. We prove different degrees of influence of changes in the geopolitical situation on different sectors of the economy, especially taking into account the exchange rate factor and the volatility of global prices for basic energy resources. We also determine the relationship between FCFF margin and modernization costs. We present recommendations for taking into account industry specifics when conducting additional research. A conclusion is made about the sufficient ability of Russian public companies to maintain financial stability even in conditions of crisis (instability) and external challenges. The findings of the article can be useful for investors, analysts and company executives when developing long-term strategies in conditions of increased uncertainty.

public companies, sanctions, corporations, corporate finance, financial analysis