2024-07-22 01:12:50 ET
Summary
- The spin-off of the Russian and part of the international business from Yandex N.V. was completed last week. The company plans to rename itself to Nebius Group.
- Yandex N.V.'s business consists of four firms (Nebius AI, Toloka AI, TripleTen, and Avride), so to value Yandex N.V., I used the sum of the parts analysis.
- My total valuation of Yandex N.V.'s operating business is $2.11 billion, total valuation with cash reserve and minority interest in other companies is $4.7 billion or $23.6 per share.
Background
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For further details see:
Yandex: Valuation After The Sale Of Assets