Enhanced Investments - Financial Portal

2024-04-19

#MBNK #reports

MTS Bank reported for 2023 H2:
- Revenue +41.3% YoY (vs +41.3% in previous half-year and historical rate +41.0%)
- Net Income +278.7% YoY (vs +278.7% in previous half-year and historical rate +88.5%)
- Net Income 20.6% increased compared to 7.7% same period last year
- P/E multiple is 6.6x compared to historical level (50th percentile) of 0.0x

------------------------------------------------

2024-04-18

#GCHE #reports

Cherkizovo reported for 2023 q4:
- Revenue +29.8% YoY (vs +29.8% in previous quarter and historical rate +21.0%)
- EBITDA +87.6% YoY (vs +87.6% in previous quarter and historical rate +27.8%)
- EBITDA margin 27.0% increased compared to 18.7% same period last year
- Net Debt increased by 1.8 bln rubles over the past reporting period (0.8% of market cap)
- FCF (LTM) -0.3 bln RUB (negative), 0.1% of market cap
- EV/EBITDA multiple is 6.4x compared to historical level (50th percentile) of 7.2x

Growth potential decreased by 10.8% to +22.8%

------------------------------------------------

2024-04-18

#ROLO #reports

Rusolovo reported for 2023 H2:
- Revenue +71.5% YoY (vs -32.7% in previous half-year and historical rate +46.9%)
- EBITDA margin 6.6% increased compared to -38.0% same period last year
- Net Debt increased by 3.0 bln rubles over the past reporting period (8.1% of market cap)
- FCF (LTM) -3.5 bln RUB (negative), 9.4% of market cap

Growth potential decreased by 8.6% to -82.1%

------------------------------------------------

2024-04-18

#RENI #reports

Renessans reported for 2023 q4:
- Revenue +35.8% YoY (vs +35.8% in previous quarter and historical rate +14.2%)
- Net Income -39.3% YoY (vs -39.3% in previous quarter and historical rate +54.3%)
- Net Income 4.9% decreased compared to 10.9% same period last year
- P/E multiple is 5.7x compared to historical level (50th percentile) of 4.7x

------------------------------------------------

2024-04-17

#RENI #reports

Renessans reported for 2023 H2:
- Revenue +25.5% YoY (vs +54.7% in previous half-year and historical rate +14.2%)
- Net Income -53.0% YoY (vs -53.0% in previous half-year and historical rate +54.3%)
- Net Income 4.9% decreased compared to 13.0% same period last year
- P/E multiple is 5.7x compared to historical level (50th percentile) of 4.7x

------------------------------------------------

2024-04-16

#NLMK #reports

NLMK reported for 2023 q4:
- Revenue -11.0% YoY (vs -19.1% in previous quarter and historical rate +20.4%)
- EBITDA -8.5% YoY (vs -24.9% in previous quarter and historical rate +34.6%)
- EBITDA margin 29.2% increased compared to 28.4% same period last year
- Net Debt decreased by 91.9 bln rubles over the past reporting period (6.7% of market cap)
- FCF (LTM) +257.6 bln RUB (positive), 18.8% of market cap
- EV/EBITDA multiple is 4.3x compared to historical level (50th percentile) of 5.1x

Growth potential increased by 3.4% to -31.7%

------------------------------------------------

2024-04-15

#SELG #reports

Seligdar reported for 2023 q4:
- Revenue +34.2% YoY (vs +77.4% in previous quarter and historical rate +25.0%)
- EBITDA +4.0% YoY (vs +436.9% in previous quarter and historical rate +14.0%)
- EBITDA margin 21.3% decreased compared to 27.5% same period last year
- Net Debt decreased by 10.0 bln rubles over the past reporting period (11.9% of market cap)
- FCF (LTM) +5.3 bln RUB (positive), 6.2% of market cap
- EV/EBITDA multiple is 8.3x compared to historical level (50th percentile) of 6.0x

Growth potential decreased by 55.4% to +1.2%

------------------------------------------------

2024-04-10

#POSI #reports

Positive Technologies reported for 2023 q4:
- Revenue +104.7% YoY (vs +4.8% in previous quarter and historical rate +56.9%)
- EBITDA +134.1% YoY (vs -48.0% in previous quarter and historical rate +36.8%)
- EBITDA margin 71.2% increased compared to 62.3% same period last year
- Net Debt increased by 1.1 bln rubles over the past reporting period (0.6% of market cap)
- FCF (LTM) +1.5 bln RUB (positive), 0.8% of market cap
- EV/EBITDA multiple is 17.2x compared to historical level (50th percentile) of 22.3x

------------------------------------------------

2024-04-10

#MRKZ #reports

IDGC North West reported for 2023 q4:
- Revenue -100.0% YoY (vs -74.0% in previous quarter and historical rate -17.5%)
- EBITDA -100.0% YoY (vs -79.3% in previous quarter and historical rate -19.0%)
- EBITDA margin 0.0% decreased compared to 3.8% same period last year
- Net Debt decreased by 0.9 bln rubles over the past reporting period (9.0% of market cap)
- FCF (LTM) +3.5 bln RUB (positive), 35.9% of market cap
- EV/EBITDA multiple is 27.6x compared to historical level (50th percentile) of 5.0x

------------------------------------------------

2024-04-10

#MRKC #reports

IDGC Center reported for 2023 q4:
- Revenue +119.6% YoY (vs +319.7% in previous quarter and historical rate +39.1%)
- EBITDA +138.1% YoY (vs +131.5% in previous quarter and historical rate +47.6%)
- EBITDA margin 37.8% increased compared to 34.9% same period last year
- Net Debt decreased by 1.4 bln rubles over the past reporting period (5.4% of market cap)
- FCF (LTM) +5.3 bln RUB (positive), 21.0% of market cap
- EV/EBITDA multiple is 1.8x compared to historical level (50th percentile) of 3.3x

------------------------------------------------

2024-04-10

#ELFV #reports

EL5-Energo reported for 2023 q4:
- Revenue +17.1% YoY (vs +30.8% in previous quarter and historical rate +12.0%)
- EBITDA margin 16.8% increased compared to -98.1% same period last year
- Net Debt decreased by 26.7 bln rubles over the past reporting period (120.3% of market cap)
- FCF (LTM) +27.2 bln RUB (positive), 122.3% of market cap

------------------------------------------------

2024-04-09

#NMTP #reports

NMTP reported for 2023 q4:
- Revenue +0.2% YoY (vs +5.9% in previous quarter and historical rate +15.0%)
- EBITDA -39.5% YoY (vs -34.2% in previous quarter and historical rate +18.6%)
- EBITDA margin 47.2% decreased compared to 78.1% same period last year
- Net Debt decreased by 0.1 bln rubles over the past reporting period (0.0% of market cap)
- FCF (LTM) +14.6 bln RUB (positive), 5.9% of market cap
- EV/EBITDA multiple is 5.7x compared to historical level (50th percentile) of 5.0x

------------------------------------------------

2024-04-09

#MRKS #reports

IDGC Siberia reported for 2023 q4:
- Revenue +72.9% YoY (vs +3.4% in previous quarter and historical rate +7.2%)
- EBITDA margin 13.4% increased compared to -3.3% same period last year
- Net Debt decreased by 46.8 bln rubles over the past reporting period (60.4% of market cap)
- FCF (LTM) +46.8 bln RUB (positive), 60.4% of market cap

------------------------------------------------

2024-04-09

#MRKP #reports

IDGC Center & Volga reported for 2023 q4:
- Revenue +16.4% YoY (vs +14.8% in previous quarter and historical rate +11.2%)
- EBITDA +4.7% YoY (vs +62.1% in previous quarter and historical rate +22.4%)
- EBITDA margin 18.4% decreased compared to 20.4% same period last year
- Net Debt increased by 0.3 bln rubles over the past reporting period (0.7% of market cap)
- FCF (LTM) +4.8 bln RUB (positive), 11.9% of market cap
- EV/EBITDA multiple is 1.7x compared to historical level (50th percentile) of 2.0x

------------------------------------------------

2024-04-09

#FEES #reports

FGC UES reported for 2023 q4:
- Revenue +16.7% YoY (vs +16.7% in previous quarter and historical rate +73.8%)
- EBITDA +15.6% YoY (vs +15.6% in previous quarter and historical rate +69.5%)
- EBITDA margin 27.9% decreased compared to 28.1% same period last year
- Net Debt decreased by 40.6 bln rubles over the past reporting period (15.5% of market cap)
- FCF (LTM) +160.1 bln RUB (positive), 61.0% of market cap
- EV/EBITDA multiple is 2.7x compared to historical level (50th percentile) of 3.2x

------------------------------------------------

2024-04-09

#AFKS #reports

Sistema reported for 2023 q4:
- Revenue +17.2% YoY (vs +17.1% in previous quarter and historical rate +14.7%)
- EBITDA -57.7% YoY (vs +6.8% in previous quarter and historical rate +6.1%)
- EBITDA margin 11.3% decreased compared to 31.4% same period last year
- Net Debt increased by 65.3 bln rubles over the past reporting period (28.3% of market cap)
- FCF (LTM) -160.4 bln RUB (negative), 69.5% of market cap
- EV/EBITDA multiple is 6.3x compared to historical level (50th percentile) of 5.1x

------------------------------------------------

2024-04-08

#KMAZ #reports

Kamaz reported for 2023 H2:
- Revenue +31.4% YoY (vs +16.8% in previous half-year and historical rate +21.5%)
- EBITDA -21.8% YoY (vs +39.0% in previous half-year and historical rate +32.8%)
- EBITDA margin 6.8% decreased compared to 11.4% same period last year
- EV/EBITDA multiple is 6.3x compared to historical level (50th percentile) of 7.1x

------------------------------------------------

2024-04-08

#GLTR #reports

Globaltrans reported for 2023 H2:
- Revenue +14.6% YoY (vs +7.3% in previous half-year and historical rate +16.7%)
- EBITDA +11.7% YoY (vs +38.0% in previous half-year and historical rate +36.9%)
- EBITDA margin 45.9% decreased compared to 47.1% same period last year
- EV/EBITDA multiple is 2.3x compared to historical level (50th percentile) of 2.3x

Growth potential decreased by 9.7% to +2.5%

------------------------------------------------

2024-04-05

#ZAYM #reports

Zaymer reported for 2023 H2:
- Revenue -12.8% YoY (vs -12.8% in previous half-year and historical rate +36.4%)
- Net Income +5.8% YoY (vs +5.8% in previous half-year and historical rate +61.2%)
- Net Income 33.4% increased compared to 27.5% same period last year
- P/E multiple is 4.4x compared to historical level (50th percentile) of 0.0x

------------------------------------------------

2024-04-05

#MTSB #reports

MTS Bank reported for 2023 H2:
- Revenue +41.3% YoY (vs +41.3% in previous half-year and historical rate +41.0%)
- Net Income +278.7% YoY (vs +278.7% in previous half-year and historical rate +88.5%)
- Net Income 20.6% increased compared to 7.7% same period last year
- P/E multiple is 4.6x compared to historical level (50th percentile) of 0.0x

------------------------------------------------

2024-04-05

#KAZT #reports

KuybyshevAzot PAO reported for 2023 H2:
- Revenue -68.1% YoY (vs -29.1% in previous half-year and historical rate +10.8%)
- EBITDA +18582.1% YoY (vs -53.5% in previous half-year and historical rate +97.4%)
- EBITDA margin 23062.3% increased compared to 39.3% same period last year
- Net Debt increased by 3767.4 bln rubles over the past reporting period (3243.5% of market cap)
- FCF (LTM) -3763.4 bln RUB (negative), 3240.0% of market cap
- EV/EBITDA multiple is 1.1x compared to historical level (50th percentile) of 3.2x

Growth potential increased by 5024.0% to +5011.9%

------------------------------------------------

2024-04-04

#DELI #reports

Delimobil reported for 2023 H2:
- Revenue +48.2% YoY (vs +24.2% in previous half-year and historical rate +31.4%)
- EBITDA +58.3% YoY (vs +103.9% in previous half-year and historical rate +63.3%)
- EBITDA margin 30.6% increased compared to 28.7% same period last year
- Net Debt increased by 5.4 bln rubles over the past reporting period (9.7% of market cap)
- FCF (LTM) -7.6 bln RUB (negative), 13.5% of market cap
- EV/EBITDA multiple is 12.5x compared to historical level (50th percentile) of 13.0x

------------------------------------------------

2024-04-03

#RNFT #reports

Russneft reported for 2023 H2:
- Revenue +33.0% YoY (vs -49.1% in previous half-year and historical rate +35.1%)
- EBITDA +757.5% YoY (vs -84.3% in previous half-year and historical rate +79.0%)
- EBITDA margin 22.8% increased compared to 3.5% same period last year
- Net Debt decreased by 19.0 bln rubles over the past reporting period (27.2% of market cap)
- FCF (LTM) +22.6 bln RUB (positive), 32.4% of market cap
- EV/EBITDA multiple is 3.6x compared to historical level (50th percentile) of 2.7x

According to our model the company`s growth potential is 920.4%

------------------------------------------------

2024-04-02

#ASTR #reports

Astra reported for 2023 H2:
- Revenue +46.6% YoY (vs +208.2% in previous half-year and historical rate +136.6%)
- EBITDA +20.0% YoY (vs +236.2% in previous half-year and historical rate +129.5%)
- EBITDA margin 49.5% decreased compared to 60.5% same period last year
- EV/EBITDA multiple is 32.9x compared to historical level (50th percentile) of 27.7x

------------------------------------------------

2024-04-01

#MDMG #reports

MD Medical reported for 2023 H2:
- Revenue +13.1% YoY (vs +5.7% in previous half-year and historical rate +14.7%)
- EBITDA +15.9% YoY (vs +15.2% in previous half-year and historical rate +18.2%)
- EBITDA margin 34.2% increased compared to 33.4% same period last year
- Net Debt decreased by 18731.8 bln rubles over the past reporting period (24467.6% of market cap)
- FCF (LTM) +18734.0 bln RUB (positive), 24470.5% of market cap
- EV/EBITDA multiple is -2037.2x compared to historical level (50th percentile) of 5.8x

------------------------------------------------

2024-03-29

#AKRN #reports

Acron reported for 2023 q4:
- Revenue -18.1% YoY (vs -14.7% in previous quarter and historical rate +24.2%)
- EBITDA -74.7% YoY (vs +2.6% in previous quarter and historical rate +64.1%)
- EBITDA margin 19.1% decreased compared to 61.9% same period last year
- Net Debt decreased by 8.4 bln rubles over the past reporting period (1.2% of market cap)
- FCF (LTM) +11.2 bln RUB (positive), 1.6% of market cap
- EV/EBITDA multiple is 8.9x compared to historical level (50th percentile) of 10.7x

Growth potential decreased by 6.9% to +11.3%

------------------------------------------------

2024-03-29

#OZON #reports

OZON reported for 2023 q4:
- Revenue +62.9% YoY (vs +77.5% in previous quarter and historical rate +63.9%)
- EBITDA +27.7% YoY (vs -596300.0% in previous quarter and historical rate +35.6%)
- EBITDA margin 1.5% decreased compared to 2.0% same period last year
- Net Debt increased by 8.9 bln rubles over the past reporting period (1.1% of market cap)
- FCF (LTM) -15.5 bln RUB (negative), 2.0% of market cap
- EV/EBITDA multiple is 874102.8x compared to historical level (50th percentile) of 0.0x

------------------------------------------------

2024-03-27

#WUSH #reports

Whoosh reported for 2023 H2:
- Revenue +72.2% YoY (vs +62.4% in previous half-year and historical rate +107.1%)
- EBITDA +28.7% YoY (vs +45.3% in previous half-year and historical rate +88.0%)
- EBITDA margin 38.5% decreased compared to 51.5% same period last year
- Net Debt increased by 3.8 bln rubles over the past reporting period (11.6% of market cap)
- FCF (LTM) -3.8 bln RUB (negative), 11.4% of market cap
- EV/EBITDA multiple is 9.4x compared to historical level (50th percentile) of 7.8x

------------------------------------------------

2024-03-25

#LEAS #reports

Europlan reported for 2023 H2:
- Revenue +28.6% YoY (vs +26.2% in previous half-year and historical rate +32.8%)
- Net Income +22.5% YoY (vs +26.7% in previous half-year and historical rate +35.5%)
- Net Income 47.2% decreased compared to 49.6% same period last year
- P/E multiple is 7.1x compared to historical level (50th percentile) of 0.0x

------------------------------------------------

2024-03-25

#ETLN #reports

Etalon reported for 2023 H2:
- Revenue +17.2% YoY (vs +0.1% in previous half-year and historical rate +4.8%)
- EBITDA -1.0% YoY (vs -13.2% in previous half-year and historical rate +21.3%)
- EBITDA margin 14.0% decreased compared to 16.6% same period last year
- Net Debt increased by 33.7 bln rubles over the past reporting period (94.7% of market cap)
- FCF (LTM) -42.4 bln RUB (negative), 119.3% of market cap
- EV/EBITDA multiple is 12.2x compared to historical level (50th percentile) of 6.9x

Growth potential decreased by 30.8% to -122.5%

------------------------------------------------

2024-03-22

#VKCO #reports

VK company reported for 2023 q4:
- Revenue +21.1% YoY (vs +56.6% in previous quarter and historical rate +11.8%)
- EBITDA -149.8% YoY (vs -117.3% in previous quarter and historical rate -17.7%)
- EBITDA margin -4.5% decreased compared to 10.9% same period last year
- Net Debt increased by 11.7 bln rubles over the past reporting period (8.2% of market cap)
- FCF (LTM) -39.7 bln RUB (negative), 27.9% of market cap
- EV/EBITDA multiple is 538.9x compared to historical level (50th percentile) of 12.3x

------------------------------------------------

2024-03-22

#SGZH #reports

Segezha Group reported for 2023 q4:
- Revenue +27.8% YoY (vs -0.5% in previous quarter and historical rate +13.4%)
- EBITDA -48.2% YoY (vs +15.1% in previous quarter and historical rate +9.6%)
- EBITDA margin 9.2% decreased compared to 22.7% same period last year
- Net Debt decreased by 0.5 bln rubles over the past reporting period (0.9% of market cap)
- FCF (LTM) -16.0 bln RUB (negative), 26.9% of market cap
- EV/EBITDA multiple is 21.6x compared to historical level (50th percentile) of 16.6x

Growth potential decreased by 169.7% to -167.9%

------------------------------------------------

2024-03-21

#TRNFP #reports

Transneft (pref) reported for 2023 q4:
- Revenue +12.9% YoY (vs +13.5% in previous quarter and historical rate +11.7%)
- EBITDA -9.1% YoY (vs +0.5% in previous quarter and historical rate +8.5%)
- EBITDA margin 36.2% decreased compared to 44.9% same period last year
- Net Debt decreased by 83.5 bln rubles over the past reporting period (7.1% of market cap)
- FCF (LTM) +220.4 bln RUB (positive), 18.8% of market cap
- EV/EBITDA multiple is 2.6x compared to historical level (50th percentile) of 3.3x

Growth potential changed insignificantly and equals +2.3%

------------------------------------------------

2024-03-21

#LENT #reports

Lenta reported for 2023 q4:
- Revenue +50.4% YoY (vs +7.3% in previous quarter and historical rate +11.2%)
- EBITDA +84.7% YoY (vs -6.7% in previous quarter and historical rate -7.0%)
- EBITDA margin 8.0% increased compared to 6.5% same period last year
- Net Debt increased by 46.0 bln rubles over the past reporting period (52.4% of market cap)
- FCF (LTM) -43.3 bln RUB (negative), 49.3% of market cap
- EV/EBITDA multiple is 5.5x compared to historical level (50th percentile) of 4.6x

------------------------------------------------

2024-03-21

#ENPG #reports

En+ Group reported for 2023 H2:
- Revenue +257.1% YoY (vs -12.5% in previous half-year and historical rate +35.7%)
- EBITDA margin 10.2% increased compared to -14.5% same period last year
- Net Debt increased by 136.0 bln rubles over the past reporting period (49.0% of market cap)
- FCF (LTM) -256.9 bln RUB (negative), 92.6% of market cap

Growth potential increased by 401.2% to -322.4%

------------------------------------------------

2024-03-20

#FIVE #reports

X5 Retail Group reported for 2023 q4:
- Revenue +22.9% YoY (vs +19.2% in previous quarter and historical rate +15.7%)
- EBITDA +29.0% YoY (vs -1.0% in previous quarter and historical rate +11.9%)
- EBITDA margin 7.7% increased compared to 7.3% same period last year
- Net Debt decreased by 37.0 bln rubles over the past reporting period (4.9% of market cap)
- FCF (LTM) +4.7 bln RUB (positive), 0.6% of market cap
- EV/EBITDA multiple is 4.7x compared to historical level (50th percentile) of 4.1x

------------------------------------------------

2024-03-20

#FLOT #reports

SCF Group reported for 2023 q4:
- Revenue +68.0% YoY (vs +62.3% in previous quarter and historical rate +32.2%)
- EBITDA +66.3% YoY (vs +103.6% in previous quarter and historical rate +40.3%)
- EBITDA margin 59.7% decreased compared to 60.3% same period last year
- Net Debt decreased by 27.9 bln rubles over the past reporting period (8.9% of market cap)
- FCF (LTM) +40.0 bln RUB (positive), 12.8% of market cap
- EV/EBITDA multiple is 2.6x compared to historical level (50th percentile) of 3.4x

Growth potential increased by 1.4% to +28.3%

------------------------------------------------

2024-03-20

#AQUA #reports

RUS AQUA reported for 2023 H2:
- Revenue +69.4% YoY (vs -9.8% in previous half-year and historical rate +59.0%)
- EBITDA +40.1% YoY (vs -23.7% in previous half-year and historical rate +73.2%)
- EBITDA margin 42.3% decreased compared to 51.1% same period last year
- Net Debt increased by 1.2 bln rubles over the past reporting period (1.6% of market cap)
- FCF (LTM) +3.5 bln RUB (positive), 4.5% of market cap
- EV/EBITDA multiple is 7.2x compared to historical level (50th percentile) of 7.5x

Growth potential decreased by 3.3% to +7.4%

------------------------------------------------

2024-03-18

#MRKY #reports

IDGC South reported for 2023 q4:
- Revenue -99.3% YoY (vs +16.9% in previous quarter and historical rate +0.3%)
- EBITDA -32.9% YoY (vs +211.6% in previous quarter and historical rate +63.8%)
- EBITDA margin 980.0% increased compared to 10.4% same period last year
- Net Debt decreased by 0.6 bln rubles over the past reporting period (8.1% of market cap)
- FCF (LTM) +2.1 bln RUB (positive), 26.9% of market cap
- EV/EBITDA multiple is 0.0x compared to historical level (50th percentile) of 0.0x

------------------------------------------------

2024-03-18

#MRKU #reports

IDGC Ural reported for 2023 q4:
- Revenue +2652500.0% YoY (vs +335.8% in previous quarter and historical rate +8.1%)
- EBITDA margin 13.7% increased compared to 0.0% same period last year
- Net Debt increased by 0.0 bln rubles over the past reporting period (0.1% of market cap)
- FCF (LTM) -0.2 bln RUB (negative), 0.7% of market cap

------------------------------------------------

2024-03-15

#LSRG #reports

LSR Group reported for 2023 H2:
- Revenue +117.2% YoY (vs +14.4% in previous half-year and historical rate +28.5%)
- EBITDA +168.7% YoY (vs -20.9% in previous half-year and historical rate +44.0%)
- EBITDA margin 31.4% increased compared to 25.4% same period last year
- Net Debt decreased by 22.4 bln rubles over the past reporting period (23.6% of market cap)
- FCF (LTM) +20.7 bln RUB (positive), 21.8% of market cap
- EV/EBITDA multiple is 4.3x compared to historical level (50th percentile) of 5.3x

------------------------------------------------

2024-03-15

#TATN #reports

Tatneft reported for 2023 q4:
- Revenue +35.3% YoY (vs +28.3% in previous quarter and historical rate +36.0%)
- EBITDA +1.8% YoY (vs +18.6% in previous quarter and historical rate +38.5%)
- EBITDA margin 23.8% decreased compared to 31.5% same period last year
- Net Debt increased by 22.6 bln rubles over the past reporting period (1.3% of market cap)
- FCF (LTM) +37.1 bln RUB (positive), 2.2% of market cap
- EV/EBITDA multiple is 4.0x compared to historical level (50th percentile) of 3.2x

Growth potential decreased by 21.1% to -13.1%

------------------------------------------------

2024-03-15

#RUAL #reports

Rusal reported for 2023 H2:
- Revenue +64.5% YoY (vs -16.2% in previous half-year and historical rate +25.8%)
- EBITDA +572.7% YoY (vs -83.8% in previous half-year and historical rate +40.2%)
- EBITDA margin 13.2% increased compared to 3.2% same period last year
- Net Debt decreased by 577.6 bln rubles over the past reporting period (110.6% of market cap)
- FCF (LTM) +472.9 bln RUB (positive), 90.6% of market cap
- EV/EBITDA multiple is 4.3x compared to historical level (50th percentile) of 7.3x

Growth potential increased by 108.3% to +48.5%

------------------------------------------------

2024-03-14

#SIBN #reports

Gazprom Neft reported for 2023 q4:
- Revenue +9.6% YoY (vs +7.8% in previous quarter and historical rate +22.8%)
- EBITDA +16.4% YoY (vs +18.5% in previous quarter and historical rate +53.4%)
- EBITDA margin 31.0% increased compared to 29.1% same period last year
- Net Debt decreased by 105.6 bln rubles over the past reporting period (2.8% of market cap)
- FCF (LTM) +78.5 bln RUB (positive), 2.0% of market cap
- EV/EBITDA multiple is 4.0x compared to historical level (50th percentile) of 4.5x

Growth potential decreased by 5.7% to +55.0%

------------------------------------------------

2024-03-14

#TCSG #reports

Tinkoff reported for 2023 q4:
- Revenue +55.0% YoY (vs +53.1% in previous quarter and historical rate +26.9%)
- Net Income +102.9% YoY (vs +289.3% in previous quarter and historical rate +50.9%)
- Net Income 19.7% increased compared to 15.0% same period last year
- P/E multiple is 7.5x compared to historical level (50th percentile) of 18.6x

------------------------------------------------

2024-03-14

#BELU #reports

Beluga reported for 2023 q4:
- Revenue +26.8% YoY (vs +22.2% in previous quarter and historical rate +23.3%)
- EBITDA +22.6% YoY (vs +7.5% in previous quarter and historical rate +31.0%)
- EBITDA margin 16.7% decreased compared to 17.3% same period last year
- Net Debt decreased by 2.2 bln rubles over the past reporting period (3.2% of market cap)
- FCF (LTM) -4.2 bln RUB (negative), 6.4% of market cap
- EV/EBITDA multiple is 5.1x compared to historical level (50th percentile) of 4.6x

------------------------------------------------

2024-03-12

#RENI #reports

Renessans reported for 2023 H2:
- Revenue +35.8% YoY (vs -3.9% in previous half-year and historical rate +14.2%)
- Net Income -39.8% YoY (vs +82.6% in previous half-year and historical rate +54.2%)
- Net Income 4.8% decreased compared to 10.9% same period last year
- P/E multiple is 5.6x compared to historical level (50th percentile) of 4.6x

------------------------------------------------

2024-03-12

#LKOH #reports

Lukoil reported for 2023 q4:
- Revenue +3.2% YoY (vs -4.5% in previous quarter and historical rate +20.7%)
- EBITDA +28.4% YoY (vs +31.9% in previous quarter and historical rate +57.3%)
- EBITDA margin 26.3% increased compared to 21.1% same period last year
- Net Debt decreased by 99.9 bln rubles over the past reporting period (1.9% of market cap)
- FCF (LTM) +1051.7 bln RUB (positive), 20.1% of market cap
- EV/EBITDA multiple is 2.2x compared to historical level (50th percentile) of 3.9x

Growth potential decreased by 6.8% to +87.1%

------------------------------------------------

2024-03-12

#MVID #reports

M Video reported for 2023 H2:
- Revenue +39.0% YoY (vs -18.1% in previous half-year and historical rate +4.0%)
- EBITDA +90.5% YoY (vs +5.8% in previous half-year and historical rate +21.0%)
- EBITDA margin 5.5% increased compared to 4.0% same period last year
- Net Debt decreased by 15.6 bln rubles over the past reporting period (40.8% of market cap)
- FCF (LTM) -2.3 bln RUB (negative), 6.0% of market cap
- EV/EBITDA multiple is 4.9x compared to historical level (50th percentile) of 8.5x

------------------------------------------------

2024-03-12

#AFLT #reports

Aeroflot reported for 2023 q4:
- Revenue +25.5% YoY (vs +40.4% in previous quarter and historical rate +41.3%)
- EBITDA +220.8% YoY (vs +173.1% in previous quarter and historical rate +98.1%)
- EBITDA margin 58.8% increased compared to 23.0% same period last year
- Net Debt increased by 5.4 bln rubles over the past reporting period (5.6% of market cap)
- FCF (LTM) -35.2 bln RUB (negative), 36.2% of market cap
- EV/EBITDA multiple is 2.9x compared to historical level (50th percentile) of 7.1x

------------------------------------------------

2024-03-07

#HYDR #reports

Rushydro reported for 2023 q4:
- Revenue +10.0% YoY (vs +21.9% in previous quarter and historical rate +9.3%)
- EBITDA margin 20.8% increased compared to -0.8% same period last year
- Net Debt increased by 33.0 bln rubles over the past reporting period (9.6% of market cap)
- FCF (LTM) -125.3 bln RUB (negative), 36.4% of market cap

------------------------------------------------

2024-03-07

#HHRU #reports

Head Hunter reported for 2023 q4:
- Revenue +72.0% YoY (vs +76.4% in previous quarter and historical rate +58.7%)
- EBITDA +149.5% YoY (vs +109.0% in previous quarter and historical rate +83.9%)
- EBITDA margin 69.9% increased compared to 48.2% same period last year
- Net Debt decreased by 5.4 bln rubles over the past reporting period (3.0% of market cap)
- FCF (LTM) +17.4 bln RUB (positive), 9.6% of market cap
- EV/EBITDA multiple is 9.2x compared to historical level (50th percentile) of 11.1x

------------------------------------------------

2024-03-06

#TRMK #reports

TMK (pipe) reported for 2023 q4:
- Revenue -19.2% YoY (vs -19.2% in previous quarter and historical rate +45.5%)
- EBITDA -34.3% YoY (vs -34.3% in previous quarter and historical rate +76.4%)
- EBITDA margin 19.2% decreased compared to 23.6% same period last year
- Net Debt decreased by 2.6 bln rubles over the past reporting period (1.2% of market cap)
- FCF (LTM) +18.1 bln RUB (positive), 8.2% of market cap
- EV/EBITDA multiple is 3.7x compared to historical level (50th percentile) of 4.0x

Growth potential decreased by 8.3% to -56.9%

------------------------------------------------

2024-03-06

#AGRO #reports

Rusagro reported for 2023 q4:
- Revenue +70.3% YoY (vs +30.8% in previous quarter and historical rate +22.5%)
- EBITDA +168.8% YoY (vs +188.4% in previous quarter and historical rate +39.1%)
- EBITDA margin 26.2% increased compared to 16.6% same period last year
- Net Debt increased by 1.3 bln rubles over the past reporting period (0.7% of market cap)
- FCF (LTM) +33.2 bln RUB (positive), 17.6% of market cap
- EV/EBITDA multiple is 4.5x compared to historical level (50th percentile) of 5.2x

Growth potential increased by 65.0% to -53.3%

------------------------------------------------

2024-03-05

#MTSS #reports

MTS reported for 2023 q4:
- Revenue +18.0% YoY (vs +16.0% in previous quarter and historical rate +7.2%)
- EBITDA +1.6% YoY (vs -0.1% in previous quarter and historical rate +0.2%)
- EBITDA margin 28.3% decreased compared to 32.9% same period last year
- Net Debt increased by 3.1 bln rubles over the past reporting period (0.6% of market cap)
- FCF (LTM) -9.9 bln RUB (negative), 2.0% of market cap
- EV/EBITDA multiple is 4.5x compared to historical level (50th percentile) of 4.6x

------------------------------------------------

2024-03-02

#UPRO #reports

Unipro reported for 2023 H2:
- Revenue +10.9% YoY (vs +13.5% in previous half-year and historical rate +16.4%)
- EBITDA -71.2% YoY (vs +1662.3% in previous half-year and historical rate +32.4%)
- EBITDA margin 15.0% decreased compared to 57.9% same period last year
- Net Debt decreased by 6.8 bln rubles over the past reporting period (4.9% of market cap)
- FCF (LTM) +23.6 bln RUB (positive), 17.0% of market cap
- EV/EBITDA multiple is 2.8x compared to historical level (50th percentile) of 6.0x

------------------------------------------------

2024-03-01

#RASP #reports

Raspadskaya reported for 2023 H2:
- Revenue +31.6% YoY (vs -24.5% in previous half-year and historical rate +73.3%)
- EBITDA +49.3% YoY (vs -51.8% in previous half-year and historical rate +83.0%)
- EBITDA margin 26.2% increased compared to 23.1% same period last year
- Net Debt decreased by 0.6 bln rubles over the past reporting period (0.2% of market cap)
- FCF (LTM) +1.8 bln RUB (positive), 0.7% of market cap
- EV/EBITDA multiple is 3.7x compared to historical level (50th percentile) of 3.8x

Growth potential increased by 6.9% to +0.9%

------------------------------------------------

2024-02-29

#PLZL #reports

Polyus reported for 2023 q4:
- Revenue +91.3% YoY (vs +91.3% in previous quarter and historical rate +15.1%)
- EBITDA +172.6% YoY (vs +172.6% in previous quarter and historical rate +24.8%)
- EBITDA margin 68.0% increased compared to 47.7% same period last year
- Net Debt increased by 494.7 bln rubles over the past reporting period (33.7% of market cap)
- FCF (LTM) +80.6 bln RUB (positive), 5.5% of market cap
- EV/EBITDA multiple is 6.7x compared to historical level (50th percentile) of 8.7x

Growth potential decreased by 26.1% to +42.7%

------------------------------------------------

2024-02-29

#IRAO #reports

Inter RAO reported for 2023 q4:
- Revenue -49.1% YoY (vs -43.7% in previous quarter and historical rate -17.7%)
- EBITDA +0.8% YoY (vs +0.8% in previous quarter and historical rate +17.1%)
- EBITDA margin 43.2% increased compared to 21.8% same period last year
- EV/EBITDA multiple is 0.8x compared to historical level (50th percentile) of 1.1x

------------------------------------------------

2024-02-29

#FIXP #reports

Fix Price reported for 2023 H2:
- Revenue +7.1% YoY (vs +3.0% in previous half-year and historical rate +15.9%)
- EBITDA +1.5% YoY (vs -15.8% in previous half-year and historical rate +13.3%)
- EBITDA margin 14.6% decreased compared to 15.4% same period last year
- Net Debt decreased by 12.8 bln rubles over the past reporting period (4.9% of market cap)
- FCF (LTM) +21.0 bln RUB (positive), 8.0% of market cap
- EV/EBITDA multiple is 6.0x compared to historical level (50th percentile) of 8.1x

------------------------------------------------

2024-02-29

#SBER #reports

Sberbank reported for 2023 q4:
- Revenue +36.2% YoY (vs +23.4% in previous quarter and historical rate +16.4%)
- Net Income +423.0% YoY (vs +498.2% in previous quarter and historical rate +66.7%)
- Net Income 33.4% increased compared to 8.7% same period last year
- P/E multiple is 4.4x compared to historical level (50th percentile) of 6.6x

------------------------------------------------

2024-02-28

#ALRS #reports

Alrosa reported for 2023 q4:
- Revenue -15.9% YoY (vs -15.9% in previous quarter and historical rate +21.7%)
- EBITDA +1.3% YoY (vs +1.3% in previous quarter and historical rate +24.5%)
- EBITDA margin 37.2% increased compared to 30.9% same period last year
- Net Debt increased by 55.1 bln rubles over the past reporting period (10.5% of market cap)
- FCF (LTM) -61.5 bln RUB (negative), 11.7% of market cap
- EV/EBITDA multiple is 4.6x compared to historical level (50th percentile) of 4.3x

Growth potential decreased by 48.1% to -54.9%

------------------------------------------------

2024-02-27

#RTKM #reports

Rostelecom reported for 2023 q4:
- Revenue +31.8% YoY (vs +11.8% in previous quarter and historical rate +9.4%)
- EBITDA +12.5% YoY (vs +15.5% in previous quarter and historical rate +13.9%)
- EBITDA margin 34.6% decreased compared to 40.5% same period last year
- EV/EBITDA multiple is 2.7x compared to historical level (50th percentile) of 4.1x

------------------------------------------------

2024-02-27

#HNFG #reports

Henderson reported for 2023 H2:
- Revenue +37.2% YoY (vs +32.0% in previous half-year and historical rate +32.6%)
- EBITDA +37.7% YoY (vs +56.8% in previous half-year and historical rate +89.9%)
- EBITDA margin 31.0% increased compared to 30.9% same period last year
- Net Debt decreased by 0.5 bln rubles over the past reporting period (1.8% of market cap)
- FCF (LTM) +0.9 bln RUB (positive), 3.2% of market cap
- EV/EBITDA multiple is 5.4x compared to historical level (50th percentile) of 5.6x

------------------------------------------------

2024-02-26

#MOEX #reports

MOEX reported for 2023 q4:
- Revenue +72.8% YoY (vs +65.7% in previous quarter and historical rate +30.3%)
- Net Income +79.0% YoY (vs +63.9% in previous quarter and historical rate +35.8%)
- Net Income 57.4% increased compared to 55.4% same period last year
- P/E multiple is 7.4x compared to historical level (50th percentile) of 8.1x

------------------------------------------------

2024-02-21

#VTBR #reports

Bank VTB PAO reported for 2023 q4:
- Revenue +92.3% YoY (vs +95.1% in previous quarter and historical rate +18.7%)
- Net Income 18.3% increased compared to -104.0% same period last year

------------------------------------------------

2024-02-21

#MTLR #reports

Mechel reported for 2023 q4:
- Revenue -4.8% YoY (vs -4.8% in previous quarter and historical rate +19.9%)
- EBITDA -22.3% YoY (vs -22.3% in previous quarter and historical rate +49.0%)
- EBITDA margin 20.8% decreased compared to 25.5% same period last year
- Net Debt decreased by 6.5 bln rubles over the past reporting period (3.9% of market cap)
- FCF (LTM) -11.3 bln RUB (negative), 6.7% of market cap
- EV/EBITDA multiple is 5.5x compared to historical level (50th percentile) of 3.8x

Growth potential increased by 39.3% to -110.8%

------------------------------------------------

2024-02-20

#ROSN #reports

Rosneft reported for 2023 q4:
- Revenue +38.9% YoY (vs +42.1% in previous quarter and historical rate +28.4%)
- EBITDA +13.7% YoY (vs +308.0% in previous quarter and historical rate +58.4%)
- EBITDA margin 21.4% decreased compared to 26.1% same period last year
- Net Debt increased by 51.2 bln rubles over the past reporting period (0.8% of market cap)
- FCF (LTM) +919.9 bln RUB (positive), 14.9% of market cap
- EV/EBITDA multiple is 3.1x compared to historical level (50th percentile) of 5.7x

Growth potential decreased by 48.7% to +135.5%

------------------------------------------------

2024-02-20

#BANE #reports

Bashneft reported for 2023 q4:
- Revenue +33.6% YoY (vs +26.7% in previous quarter and historical rate +44.2%)
- EBITDA -8.5% YoY (vs +87.4% in previous quarter and historical rate +86.7%)
- EBITDA margin 15.4% decreased compared to 22.5% same period last year
- EV/EBITDA multiple is 2.4x compared to historical level (50th percentile) of 3.1x

------------------------------------------------

2024-02-17

#SVCB #reports

Sovcombank reported for 2023 q4:
- Revenue +2.7% YoY (vs +59.2% in previous quarter and historical rate +15.9%)
- Net Income 75.7% increased compared to -15.0% same period last year

------------------------------------------------

2024-02-16

#YNDX #reports

Yandex reported for 2023 q4:
- Revenue +51.5% YoY (vs +53.8% in previous quarter and historical rate +55.2%)
- EBITDA +41.7% YoY (vs +27.7% in previous quarter and historical rate +33.8%)
- EBITDA margin 8.2% decreased compared to 8.7% same period last year
- Net Debt increased by 23.4 bln rubles over the past reporting period (2.1% of market cap)
- FCF (LTM) -69.6 bln RUB (negative), 6.3% of market cap
- EV/EBITDA multiple is 15.8x compared to historical level (50th percentile) of 37.5x

------------------------------------------------

2024-02-16

#SOFL #reports

Softline reported for 2023 H2:
- Revenue +58.6% YoY (vs -4.8% in previous half-year and historical rate +2.5%)
- EBITDA +147.5% YoY (vs -71.0% in previous half-year and historical rate +15.6%)
- EBITDA margin 8.4% increased compared to 5.4% same period last year
- Net Debt increased by 6.6 bln rubles over the past reporting period (13.7% of market cap)
- FCF (LTM) -6.4 bln RUB (negative), 13.5% of market cap
- EV/EBITDA multiple is 14.0x compared to historical level (50th percentile) of 29.9x

------------------------------------------------

2024-02-09

#NVTK #reports

Novatek reported for 2023 q4:
- Revenue -38.9% YoY (vs -41.4% in previous quarter and historical rate +40.4%)
- EBITDA -30.3% YoY (vs -35.4% in previous quarter and historical rate +59.7%)
- EBITDA margin 32.3% increased compared to 28.3% same period last year
- EV/EBITDA multiple is 11.2x compared to historical level (50th percentile) of 10.1x

------------------------------------------------

2024-02-09

#GMKN #reports

Nornickel reported for 2023 H2:
- Revenue +38.6% YoY (vs -20.2% in previous half-year and historical rate +6.9%)
- EBITDA +33.3% YoY (vs -31.5% in previous half-year and historical rate +23.8%)
- EBITDA margin 46.4% decreased compared to 48.3% same period last year
- Net Debt decreased by 27.0 bln rubles over the past reporting period (1.1% of market cap)
- FCF (LTM) +356.0 bln RUB (positive), 14.7% of market cap
- EV/EBITDA multiple is 5.7x compared to historical level (50th percentile) of 8.3x

Growth potential decreased by 2.8% to -46.9%

------------------------------------------------

2024-01-27

#BSPB #reports

Bank Sankt-Peterburg reported for 2023 q4:
- Revenue +31.1% YoY (vs +13.9% in previous quarter and historical rate +25.6%)
- Net Income -4.1% YoY (vs -21.9% in previous quarter and historical rate +77.8%)
- Net Income 56.0% decreased compared to 76.5% same period last year
- P/E multiple is 2.6x compared to historical level (50th percentile) of 2.6x

------------------------------------------------

2023-12-27

#MAGN #reports

MMK reported for 2023 q3:
- Revenue +12.6% YoY (vs +4.8% in previous quarter and historical rate +29.1%)
- EBITDA +8.3% YoY (vs -2.3% in previous quarter and historical rate +37.5%)
- EBITDA margin 24.9% decreased compared to 25.8% same period last year
- Net Debt decreased by 8.9 bln rubles over the past reporting period (1.5% of market cap)
- FCF (LTM) +35.7 bln RUB (positive), 6.0% of market cap
- EV/EBITDA multiple is 2.5x compared to historical level (50th percentile) of 3.7x

Growth potential increased by 2.5% to +4.9%

------------------------------------------------

2023-12-26

#MAGN #reports

MMK reported for 2023 q4:
- Revenue +12.6% YoY (vs +4.8% in previous quarter and historical rate +29.1%)
- EBITDA +8.3% YoY (vs -2.3% in previous quarter and historical rate +37.5%)
- EBITDA margin 24.9% decreased compared to 25.8% same period last year
- Net Debt decreased by 8.9 bln rubles over the past reporting period (1.5% of market cap)
- FCF (LTM) +35.7 bln RUB (positive), 6.1% of market cap
- EV/EBITDA multiple is 2.5x compared to historical level (50th percentile) of 3.7x

Growth potential decreased by 17.2% to +5.8%

------------------------------------------------

2023-12-15

#CHMF #reports

Severstal reported for 2023 q3:
- Revenue +15.1% YoY (vs +15.1% in previous quarter and historical rate +21.1%)
- EBITDA +13.8% YoY (vs +13.8% in previous quarter and historical rate +36.9%)
- EBITDA margin 34.4% decreased compared to 34.8% same period last year
- Net Debt decreased by 34.3 bln rubles over the past reporting period (3.3% of market cap)
- FCF (LTM) +137.1 bln RUB (positive), 13.0% of market cap
- EV/EBITDA multiple is 3.2x compared to historical level (50th percentile) of 4.8x

Growth potential increased by 1.6% to +17.6%

------------------------------------------------

2023-12-15

#SVCB #reports

Sovcombank reported for 2023 q3:
- Revenue +59.2% YoY (vs +31.2% in previous quarter and historical rate +16.8%)
- Net Income 64.9% increased compared to -15.0% same period last year

------------------------------------------------

2023-12-15

#CHMF #reports

Severstal reported for 2023 q4:
- Revenue +15.1% YoY (vs +15.1% in previous quarter and historical rate +21.1%)
- EBITDA +13.8% YoY (vs +13.8% in previous quarter and historical rate +36.9%)
- EBITDA margin 34.4% decreased compared to 34.8% same period last year
- Net Debt decreased by 34.3 bln rubles over the past reporting period (3.3% of market cap)
- FCF (LTM) +137.1 bln RUB (positive), 13.3% of market cap
- EV/EBITDA multiple is 3.1x compared to historical level (50th percentile) of 4.8x

Growth potential decreased by 6.8% to +11.5%

------------------------------------------------

2023-12-13

#AFKS #reports

Sistema reported for 2023 q3:
- Revenue +17.1% YoY (vs +14.9% in previous quarter and historical rate +13.9%)
- EBITDA +6.8% YoY (vs -12.4% in previous quarter and historical rate +11.5%)
- EBITDA margin 26.7% decreased compared to 29.3% same period last year
- Net Debt increased by 26.4 bln rubles over the past reporting period (17.7% of market cap)
- FCF (LTM) -102.0 bln RUB (negative), 68.3% of market cap
- EV/EBITDA multiple is 4.8x compared to historical level (50th percentile) of 5.1x

------------------------------------------------

2023-12-12

#BELU #reports

Beluga reported for 2023 q3:
- Revenue +22.2% YoY (vs +14.0% in previous quarter and historical rate +23.1%)
- EBITDA +7.5% YoY (vs +5.0% in previous quarter and historical rate +33.5%)
- EBITDA margin 17.4% decreased compared to 19.8% same period last year
- Net Debt increased by 3.6 bln rubles over the past reporting period (6.4% of market cap)
- FCF (LTM) -6.8 bln RUB (negative), 12.2% of market cap
- EV/EBITDA multiple is 5.3x compared to historical level (50th percentile) of 4.4x

------------------------------------------------

2023-12-12

#ABRD #reports

Abrau Durso reported for 2023 H1:
- Revenue +4.5% YoY (vs +23.1% in previous half-year and historical rate +13.8%)
- EBITDA -33.3% YoY (vs +9.2% in previous half-year and historical rate +44.1%)
- EBITDA margin 10.1% decreased compared to 15.8% same period last year
- Net Debt increased by 2.2 bln rubles over the past reporting period (9.4% of market cap)
- FCF (LTM) -1.3 bln RUB (negative), 5.5% of market cap
- EV/EBITDA multiple is 10.4x compared to historical level (50th percentile) of 9.6x

------------------------------------------------

2023-12-01

#AFLT #reports

Aeroflot reported for 2023 q3:
- Revenue +40.4% YoY (vs +5.1% in previous quarter and historical rate +34.5%)
- EBITDA +278.1% YoY (vs +43.1% in previous quarter and historical rate +74.0%)
- EBITDA margin 57.2% increased compared to 21.2% same period last year
- Net Debt increased by 87.2 bln rubles over the past reporting period (98.3% of market cap)
- FCF (LTM) -1.2 bln RUB (negative), 1.4% of market cap
- EV/EBITDA multiple is 3.3x compared to historical level (50th percentile) of 7.1x

------------------------------------------------

2023-12-01

#BELU #reports

Beluga reported for 2023 q1:
- Revenue +14.0% YoY (vs +14.0% in previous quarter and historical rate +23.2%)
- EBITDA +5.5% YoY (vs +5.5% in previous quarter and historical rate +37.3%)
- EBITDA margin 15.8% decreased compared to 17.0% same period last year
- Net Debt increased by 5.8 bln rubles over the past reporting period (9.5% of market cap)
- FCF (LTM) +0.4 bln RUB (positive), 0.6% of market cap
- EV/EBITDA multiple is 5.5x compared to historical level (50th percentile) of 4.4x

------------------------------------------------

2023-11-30

#BELU #reports

Beluga reported for 2023 q2:
- Revenue +14.0% YoY (vs +14.0% in previous quarter and historical rate +23.2%)
- EBITDA +5.5% YoY (vs +5.5% in previous quarter and historical rate +37.3%)
- EBITDA margin 15.8% decreased compared to 17.0% same period last year
- Net Debt increased by 5.8 bln rubles over the past reporting period (9.4% of market cap)
- FCF (LTM) +0.4 bln RUB (positive), 0.6% of market cap
- EV/EBITDA multiple is 5.5x compared to historical level (50th percentile) of 4.3x

------------------------------------------------

2023-11-30

#BANE #reports

Bashneft reported for 2023 q3:
- Revenue +26.7% YoY (vs -23.1% in previous quarter and historical rate +37.1%)
- EBITDA +87.4% YoY (vs +2.8% in previous quarter and historical rate +81.1%)
- EBITDA margin 30.3% increased compared to 20.5% same period last year
- EV/EBITDA multiple is 2.1x compared to historical level (50th percentile) of 3.1x

------------------------------------------------

2023-11-30

#TRNFP #reports

Transneft (pref) reported for 2023 q3:
- Revenue +13.5% YoY (vs +8.9% in previous quarter and historical rate +9.8%)
- EBITDA +0.5% YoY (vs +13.8% in previous quarter and historical rate +8.6%)
- EBITDA margin 39.3% decreased compared to 44.4% same period last year
- Net Debt decreased by 40.5 bln rubles over the past reporting period (3.8% of market cap)
- FCF (LTM) +82.3 bln RUB (positive), 7.8% of market cap
- EV/EBITDA multiple is 2.4x compared to historical level (50th percentile) of 3.3x

Growth potential increased by 53.4% to +57.9%

------------------------------------------------

2023-11-30

#ROSN #reports

Rosneft reported for 2023 q3:
- Revenue +42.1% YoY (vs -22.5% in previous quarter and historical rate +22.5%)
- EBITDA +308.0% YoY (vs -16.5% in previous quarter and historical rate +54.5%)
- EBITDA margin 34.5% increased compared to 12.0% same period last year
- EV/EBITDA multiple is 3.2x compared to historical level (50th percentile) of 7.1x

------------------------------------------------

2023-11-29

#SFIN #reports

SFI Holding reported for 2023 q3:
- Revenue +26.3% YoY (vs +20.3% in previous quarter and historical rate +8.4%)
- Net Income +34.0% YoY (vs +208.7% in previous quarter and historical rate +114.9%)
- Net Income 65.1% increased compared to 61.4% same period last year
- P/E multiple is 3.5x compared to historical level (50th percentile) of 9.5x

------------------------------------------------

2023-11-29

#SELG #reports

Seligdar reported for 2023 q1:
- Revenue +77.4% YoY (vs +81.2% in previous quarter and historical rate +27.0%)
- EBITDA +436.9% YoY (vs -10.3% in previous quarter and historical rate +18.2%)
- EBITDA margin 38.9% increased compared to 12.9% same period last year
- Net Debt increased by 6.2 bln rubles over the past reporting period (8.7% of market cap)
- FCF (LTM) -5.6 bln RUB (negative), 7.9% of market cap
- EV/EBITDA multiple is 8.2x compared to historical level (50th percentile) of 5.7x

Growth potential decreased by 1.0% to +7.9%

------------------------------------------------

2023-11-28

#SELG #reports

Seligdar reported for 2023 q2:
- Revenue +77.4% YoY (vs +81.2% in previous quarter and historical rate +27.0%)
- EBITDA +436.9% YoY (vs -10.3% in previous quarter and historical rate +18.2%)
- EBITDA margin 38.9% increased compared to 12.9% same period last year
- Net Debt increased by 6.2 bln rubles over the past reporting period (8.6% of market cap)
- FCF (LTM) -5.6 bln RUB (negative), 7.8% of market cap
- EV/EBITDA multiple is 8.3x compared to historical level (50th percentile) of 5.7x

Growth potential decreased by 27.8% to +10.3%

------------------------------------------------

2023-11-28

#HYDR #reports

Rushydro reported for 2023 q3:
- Revenue +21.9% YoY (vs +22.6% in previous quarter and historical rate +8.3%)
- EBITDA +85.9% YoY (vs +40.8% in previous quarter and historical rate +7.7%)
- EBITDA margin 23.4% increased compared to 15.3% same period last year
- Net Debt increased by 63.6 bln rubles over the past reporting period (17.7% of market cap)
- FCF (LTM) -108.4 bln RUB (negative), 30.1% of market cap
- EV/EBITDA multiple is 6.9x compared to historical level (50th percentile) of 5.3x

------------------------------------------------

2023-11-28

#SELG #reports

Seligdar reported for 2023 q3:
- Revenue +77.4% YoY (vs +81.2% in previous quarter and historical rate +27.0%)
- EBITDA +436.9% YoY (vs -10.3% in previous quarter and historical rate +18.2%)
- EBITDA margin 38.9% increased compared to 12.9% same period last year
- Net Debt increased by 6.2 bln rubles over the past reporting period (8.7% of market cap)
- FCF (LTM) -5.6 bln RUB (negative), 7.9% of market cap
- EV/EBITDA multiple is 8.2x compared to historical level (50th percentile) of 5.7x

Growth potential decreased by 31.5% to +8.1%

------------------------------------------------

2023-11-28

#NLMK #reports

NLMK reported for 2023 q1:
- Revenue +0.3% YoY (vs -30.8% in previous quarter and historical rate +24.7%)
- EBITDA -2.9% YoY (vs -52.8% in previous quarter and historical rate +47.6%)
- EBITDA margin 32.9% decreased compared to 34.0% same period last year
- Net Debt decreased by 36.7 bln rubles over the past reporting period (3.4% of market cap)
- FCF (LTM) +146.9 bln RUB (positive), 13.7% of market cap
- EV/EBITDA multiple is 3.6x compared to historical level (50th percentile) of 3.2x

Growth potential increased by 77.2% to -2.4%

------------------------------------------------

2023-11-28

#AKRN #reports

Acron reported for 2023 q3:
- Revenue +1.5% YoY (vs -21.0% in previous quarter and historical rate +16.1%)
- EBITDA +5.8% YoY (vs -16.2% in previous quarter and historical rate +63.9%)
- EBITDA margin 61.1% increased compared to 58.7% same period last year
- Net Debt decreased by 0.0 bln rubles over the past reporting period (0.0% of market cap)
- FCF (LTM) +13.8 bln RUB (positive), 1.8% of market cap
- EV/EBITDA multiple is 9.0x compared to historical level (50th percentile) of 9.1x

Growth potential increased by 4.7% to -12.4%

------------------------------------------------

2023-11-28

#NLMK #reports

NLMK reported for 2023 q2:
- Revenue -5.8% YoY (vs +1.4% in previous quarter and historical rate +21.7%)
- EBITDA -37.5% YoY (vs -38.6% in previous quarter and historical rate +45.6%)
- EBITDA margin 32.9% decreased compared to 49.6% same period last year
- Net Debt decreased by 6.2 bln rubles over the past reporting period (0.6% of market cap)
- FCF (LTM) +138.0 bln RUB (positive), 13.0% of market cap
- EV/EBITDA multiple is 2.4x compared to historical level (50th percentile) of 2.5x

Growth potential increased by 96.5% to +17.1%

------------------------------------------------

2023-11-25

#VTBR #reports

Bank VTB PAO reported for 2023 q1:
- Revenue +95.1% YoY (vs +89.6% in previous quarter and historical rate +11.0%)
- Net Income 28.7% increased compared to -104.0% same period last year

------------------------------------------------

2023-11-25

#MRKS #reports

IDGC Siberia reported for 2023 q1:
- Revenue +3.4% YoY (vs +3.4% in previous quarter and historical rate +0.6%)
- EBITDA margin -10.2% decreased compared to -1.0% same period last year

------------------------------------------------

2023-11-25

#VTBR #reports

Bank VTB PAO reported for 2023 q2:
- Revenue +95.1% YoY (vs +89.6% in previous quarter and historical rate +11.0%)
- Net Income 28.7% increased compared to -104.0% same period last year

General information

Leading steel producer integrated into coal and iron ore, with good corporate governance

Current market environment: positive. Prices of production are 5.4% higher compared to the last 12 months (LTM)
Prices of production are at 60.4% percentile over the past 5 years, adjusted for inflation
Dividend yield for the last twelve months 10.3%
Free cash flow yield 7.9% (LTM), projected 4.3%
Share of USD-denominated sales in revenue of the company (estimate) ≈ 0.0%
Share price is 225.0% higher than minimum and 0.9% lower than maximum for the last 3 years
The company is overvalued by EV / LTM EBITDA multiple compared to target level (5.3x vs
)
The company is overvalued by EV / projected EBITDA multiple compared to target level (
vs
)
Taking into account the impact of the key rate 16.0% on the change in financial parameters: EBITDA adjustment is 10 167 mln rub as NetDebt * (current key rate - normalized 7%) / 2, expected EBITDA adjusted for key rate increases is 198 386 mln rub, expected mult is 6.7x, target mult is 4.8x, potential is -24.5%

Key Financials (Download financials)

Ticker: CHMF

Share price, RUB: (+0.1%)1865.5

year average price 1371.68

year start price 1019.00 2023-04-21

min close price 951.60 2023-05-04

max close price 1883.00 2024-03-27

current price 1865.50 2024-04-19

Common stocks: 837 720 000

Dividend Yield: 10.3%

FCF Yield LTM / expected: 7.9% / 4.3%

EV / LTM EBITDA: 5.3x

EV / EBITDA annualized: 4.8x

Production prices change from LTM: 5.4%

EV / projected EBITDA:

Target EV / EBITDA (hist percentile):

Express share price potential:

EV / LTM EBITDA mutiple calculation

Market Cap (m RUB): 1 562 767

Net Debt (m RUB): -200 597

EV (Enterprise Value): 1 362 170

EBITDA LTM (m RUB): 258 436

EV / LTM EBITDA: 5.3x

Average daily trading volume for the week, RUB mln: 1451.82

Revenue and EBITDA

Quarterly values (m RUB)

Change (y/y)

Cash Flow

FCF (m RUB), before FX effects elimination

Net Debt / Cash and Equivalents (m RUB)

Share price and dividends (Download history)

Share price

Payment RUB per share

Multiple and potential

EV / LTM EBITDA and 50% percentile

Potential dynamics

Daily trade volumes

Millions of RUB

More information for subscribed users:
detailed calculation of
Potential and Created Value,
commodities affecting the company