Phosagro is facing increasing risks associated with maintaining high debt levels and declining revenues.

Figure 1.

The company has been building up debts for a long time and paying large unearned dividends.

Now times are changing, and the reverse side of the coin can take revenge.

The valuation of shares based on these two indicators also differs significantly.

Figure 2.

Together with the stock price, it looks something like this.

Figure 3.