Friday, March 25, 2022

Russia Technology Giant Yandex N.V. Stock Price Plummeted by 78% From its Nov 8, 2021 High of $87.11 to When Its Stock Was Suspended From Trading on Feb 25, 2022 When Its Stock Price Was $18.94

Yandex N.V. is Russia's largest Technology Company. 

From its most recent audited financial statements filed with the US SEC in Form 20-F, which had a clean audit opinion from Big 4 CPA firm KPMG, below are some key financial metrics of Yandex in millions of US$s :

Total Revenues for annual 2020.................... $4,685

Net Income for annual 2020............................. $327  (As a comparison, Alphabet's Net Income was $40 bil in 2020 and $76 bil in 2021)

Cash Flow From Operating Results for 2020 ...$441

Total Assets at Dec 31,2020............................$6,980

Total Shareholders Equity at Dec 31, 2020 ... $4,685 

Yandex had 11,864 employees 

Russian Search Market Share:

.......... Yandex.. 59.2%

.......... Google.. 38.6%

.......... Others.... 2.2%

.......... Total ...100.0%  


On November 8, 2021, Yandex stock price topped out at $87.11 per share.  On February 25, 2022, its stock was suspended from trading when its last stock exchange traded at $18.94, a decline of 78% from its high of $87.11 per share.

Yandex 2020 Annual Financial Statements