Enhanced Investments - Financial Portal

2024-10-11

#OZPH #reports

Ozon Pharm reported for 2024 q2:
- Revenue +62.7% YoY (vs +62.7% in previous quarter and historical rate +17.1%)
- EBITDA +167.6% YoY (vs +167.6% in previous quarter and historical rate +40.3%)
- EBITDA margin 40.1% increased compared to 24.3% same period last year
- Net Debt decreased by 0.4 bln rubles over the past reporting period (1.1% of market cap)
- FCF (LTM) +1.6 bln RUB (positive), 4.6% of market cap
- EV/EBITDA multiple is 4.2x compared to historical level (50th percentile) of 4.9x

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2024-10-08

#YDEX #reports

Yandex reported for 2024 q3:
- Revenue +26.9% YoY (vs +54.7% in previous quarter and historical rate +46.4%)
- EBITDA +80.8% YoY (vs +80.8% in previous quarter and historical rate +82.8%)
- EBITDA margin 13.8% increased compared to 9.7% same period last year
- Net Debt increased by 45.5 bln rubles over the past reporting period (3.6% of market cap)
- FCF (LTM) -45.6 bln RUB (negative), 3.6% of market cap
- EV/EBITDA multiple is 9.6x compared to historical level (50th percentile) of 12.1x

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2024-10-08

#TCSG #reports

Tinkoff reported for 2024 q3:
- Revenue +33.5% YoY (vs +46.1% in previous quarter and historical rate +31.7%)
- Net Income +43.5% YoY (vs +25.7% in previous quarter and historical rate +46.0%)
- Net Income 21.2% increased compared to 19.7% same period last year
- P/E multiple is 6.4x compared to historical level (50th percentile) of 12.4x

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2024-10-08

#HEAD #reports

Head Hunter reported for 2024 q3:
- Revenue +26.9% YoY (vs +28.8% in previous quarter and historical rate +39.1%)
- EBITDA +17.9% YoY (vs +17.9% in previous quarter and historical rate +49.5%)
- EBITDA margin 56.4% decreased compared to 60.7% same period last year
- Net Debt increased by 32.7 bln rubles over the past reporting period (16.1% of market cap)
- FCF (LTM) +8.7 bln RUB (positive), 4.3% of market cap
- EV/EBITDA multiple is 9.6x compared to historical level (50th percentile) of 9.5x

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2024-10-07

#YDEX #reports

Yandex reported for 2024 q4:
- Revenue +26.9% YoY (vs +54.7% in previous quarter and historical rate +46.4%)
- EBITDA +80.8% YoY (vs +80.8% in previous quarter and historical rate +82.8%)
- EBITDA margin 13.8% increased compared to 9.7% same period last year
- Net Debt increased by 45.5 bln rubles over the past reporting period (3.5% of market cap)
- FCF (LTM) -45.6 bln RUB (negative), 3.6% of market cap
- EV/EBITDA multiple is 9.6x compared to historical level (50th percentile) of 12.1x

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2024-10-07

#TCSG #reports

Tinkoff reported for 2024 q4:
- Revenue +33.5% YoY (vs +46.1% in previous quarter and historical rate +31.7%)
- Net Income +43.5% YoY (vs +25.7% in previous quarter and historical rate +46.0%)
- Net Income 21.2% increased compared to 19.7% same period last year
- P/E multiple is 6.5x compared to historical level (50th percentile) of 12.4x

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2024-10-07

#HEAD #reports

Head Hunter reported for 2024 q4:
- Revenue +26.9% YoY (vs +28.8% in previous quarter and historical rate +39.1%)
- EBITDA +17.9% YoY (vs +17.9% in previous quarter and historical rate +49.5%)
- EBITDA margin 56.4% decreased compared to 60.7% same period last year
- Net Debt increased by 32.7 bln rubles over the past reporting period (15.8% of market cap)
- FCF (LTM) +8.7 bln RUB (positive), 4.2% of market cap
- EV/EBITDA multiple is 9.8x compared to historical level (50th percentile) of 9.5x

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2024-10-02

#KAZT #reports

KuybyshevAzot PAO reported for 2024 H1:
- Revenue +15% YoY (vs -5.9% in previous half-year and historical rate +16.3%)
- EBITDA -27.1% YoY (vs -48.7% in previous half-year and historical rate +32.2%)
- EBITDA margin 19.0% decreased compared to 30.1% same period last year
- Net Debt increased by 6 bln rubles over the past reporting period (316.5% of market cap)
- FCF (LTM) -3.2 bln RUB (negative), 170.5% of market cap
- EV/EBITDA multiple is 5x compared to historical level (50th percentile) of 3.3x
- EV/EBITDA expected multiple is 5.3x

Growth potential decreased by 26.7% to -38.7%

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2024-10-01

#DATA #reports

ArenaData reported for 2024 H1:
- Revenue +125.9% YoY (vs +58.4% in previous half-year and historical rate +72.7%)
- EBITDA margin 25.8% increased compared to -3.5% same period last year
- Net Debt increased by 1.1 bln rubles over the past reporting period (4.5% of market cap)
- FCF (LTM) -1.4 bln RUB (negative), 5.6% of market cap

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2024-09-30

#LSNG #reports

Lenenergo reported for 2024 H1:
- Revenue +12.3% YoY (vs +12.6% in previous half-year and historical rate +8.9%)
- EBITDA +22.5% YoY (vs -21.8% in previous half-year and historical rate +19.4%)
- EBITDA margin 52.4% increased compared to 48.0% same period last year
- Net Debt decreased by 6.3 bln rubles over the past reporting period (4.2% of market cap)
- FCF (LTM) +9.1 bln RUB (positive), 6.1% of market cap
- EV/EBITDA multiple is 3x compared to historical level (50th percentile) of 3.4x

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2024-09-21

#HEAD #reports

Head Hunter reported for 2024 q1:
- Revenue +39.5% YoY (vs +55.4% in previous quarter and historical rate +50.2%)
- EBITDA +24.3% YoY (vs +70.7% in previous quarter and historical rate +68.2%)
- EBITDA margin 50.0% decreased compared to 56.1% same period last year
- Net Debt decreased by 2.7 bln rubles over the past reporting period (1.4% of market cap)
- FCF (LTM) +18.7 bln RUB (positive), 9.6% of market cap
- EV/EBITDA multiple is 8.6x compared to historical level (50th percentile) of 9.7x

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2024-09-20

#VSEH #reports

VseInstrumenti reported for 2024 q1:
- Revenue +35.3% YoY (vs +35.3% in previous quarter and historical rate +49.8%)
- EBITDA +32.8% YoY (vs +32.8% in previous quarter and historical rate +91.5%)
- EBITDA margin 6.4% decreased compared to 6.5% same period last year
- Net Debt increased by 1.1 bln rubles over the past reporting period (1.6% of market cap)
- FCF (LTM) -2.7 bln RUB (negative), 4.0% of market cap
- EV/EBITDA multiple is 8x compared to historical level (50th percentile) of 10.7x

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2024-09-20

#HEAD #reports

Head Hunter reported for 2024 q2:
- Revenue +39.5% YoY (vs +55.4% in previous quarter and historical rate +50.2%)
- EBITDA +24.3% YoY (vs +70.7% in previous quarter and historical rate +68.2%)
- EBITDA margin 50.0% decreased compared to 56.1% same period last year
- Net Debt decreased by 2.7 bln rubles over the past reporting period (1.4% of market cap)
- FCF (LTM) +18.7 bln RUB (positive), 9.6% of market cap
- EV/EBITDA multiple is 8.6x compared to historical level (50th percentile) of 9.8x

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2024-09-20

#VSEH #reports

VseInstrumenti reported for 2024 q2:
- Revenue +35.3% YoY (vs +35.3% in previous quarter and historical rate +49.8%)
- EBITDA +32.8% YoY (vs +32.8% in previous quarter and historical rate +91.5%)
- EBITDA margin 6.4% decreased compared to 6.5% same period last year
- Net Debt increased by 1.1 bln rubles over the past reporting period (1.6% of market cap)
- FCF (LTM) -2.7 bln RUB (negative), 4.0% of market cap
- EV/EBITDA multiple is 8x compared to historical level (50th percentile) of 10.7x

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2024-09-20

#ARDT #reports

ArenaData reported for 2024 H1:
- Revenue +125.9% YoY (vs +58.4% in previous half-year and historical rate +72.7%)
- EBITDA margin 25.8% increased compared to -3.5% same period last year
- Net Debt increased by 1.1 bln rubles over the past reporting period (3.3% of market cap)
- FCF (LTM) -1.4 bln RUB (negative), 4.2% of market cap

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2024-09-19

#GEMC #reports

United Medical Group reported for 2024 H1:
- Revenue +7.1% YoY (vs +45.4% in previous half-year and historical rate +3.6%)
- EBITDA +10.1% YoY (vs +119.3% in previous half-year and historical rate +11.8%)
- EBITDA margin 41.8% increased compared to 40.7% same period last year
- Net Debt decreased by 8.5 bln rubles over the past reporting period (14.7% of market cap)
- FCF (LTM) +8.8 bln RUB (positive), 15.3% of market cap
- EV/EBITDA multiple is 5.3x compared to historical level (50th percentile) of 8.7x

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2024-09-18

#MDMG #reports

MD Medical reported for 2024 H1:
- Revenue +22.6% YoY (vs +13.1% in previous half-year and historical rate +10.0%)
- EBITDA +23.5% YoY (vs +17.3% in previous half-year and historical rate +11.3%)
- EBITDA margin 32.1% increased compared to 31.9% same period last year
- Net Debt decreased by 4.3 bln rubles over the past reporting period (6.8% of market cap)
- FCF (LTM) +7.3 bln RUB (positive), 11.6% of market cap
- EV/EBITDA multiple is 5x compared to historical level (50th percentile) of 5.4x

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2024-09-06

#NMTP #reports

NMTP reported for 2024 q1:
- Revenue +11.7% YoY (vs +11.7% in previous quarter and historical rate +15.3%)
- EBITDA +1.4% YoY (vs +1.4% in previous quarter and historical rate +16.8%)
- EBITDA margin 72.7% decreased compared to 80.1% same period last year
- Net Debt decreased by 4.3 bln rubles over the past reporting period (2.7% of market cap)
- FCF (LTM) +7.7 bln RUB (positive), 4.8% of market cap
- EV/EBITDA multiple is 3.5x compared to historical level (50th percentile) of 4.9x

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2024-09-06

#NMTP #reports

NMTP reported for 2024 q2:
- Revenue +11.7% YoY (vs +11.7% in previous quarter and historical rate +15.3%)
- EBITDA +1.4% YoY (vs +1.4% in previous quarter and historical rate +16.8%)
- EBITDA margin 72.7% decreased compared to 80.1% same period last year
- Net Debt decreased by 4.3 bln rubles over the past reporting period (2.7% of market cap)
- FCF (LTM) +7.7 bln RUB (positive), 4.8% of market cap
- EV/EBITDA multiple is 3.5x compared to historical level (50th percentile) of 4.9x

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2024-09-05

#ZAYM #reports

Zaymer reported for 2024 q2:
- Revenue -3.7% YoY (vs -7.3% in previous quarter and historical rate +25.0%)
- Net Income -529% YoY (vs -73.2% in previous quarter and historical rate +17.4%)
- Net Income -168.2% decreased compared to 37.8% same period last year
- P/E multiple is -3.5x compared to historical level (50th percentile) of 3.6x

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2024-09-04

#AFLT #reports

Aeroflot reported for 2024 q2:
- Revenue +45.8% YoY (vs +54.3% in previous quarter and historical rate +34.6%)
- EBITDA +80.3% YoY (vs +95.6% in previous quarter and historical rate +98.1%)
- EBITDA margin 32.7% increased compared to 26.4% same period last year
- Net Debt decreased by 61.9 bln rubles over the past reporting period (122.2% of market cap)
- FCF (LTM) -21 bln RUB (negative), 41.5% of market cap
- EV/EBITDA multiple is 2.4x compared to historical level (50th percentile) of 6.3x

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2024-09-03

#MGKL #reports

Mosgorlombard reported for 2024 q1:
- Revenue +497.3% YoY (vs +497.3% in previous quarter and historical rate +123.4%)
- Net Income +1313% YoY (vs +1313.0% in previous quarter and historical rate +129.2%)
- Net Income 21.3% increased compared to 9.0% same period last year
- P/E multiple is 2.5x compared to historical level (50th percentile) of 4x

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2024-09-03

#MGKL #reports

Mosgorlombard reported for 2024 q2:
- Revenue +497.3% YoY (vs +497.3% in previous quarter and historical rate +123.4%)
- Net Income +1313% YoY (vs +1313.0% in previous quarter and historical rate +129.2%)
- Net Income 21.3% increased compared to 9.0% same period last year
- P/E multiple is 2.5x compared to historical level (50th percentile) of 4x

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2024-08-31

#MGNT #reports

Magnit reported for 2024 q1:
- Revenue +15.4% YoY (vs +22.3% in previous quarter and historical rate +20.3%)
- EBITDA -17.1% YoY (vs +9.6% in previous quarter and historical rate +13.7%)
- EBITDA margin 5.3% decreased compared to 7.4% same period last year
- Net Debt increased by 27.7 bln rubles over the past reporting period (5.7% of market cap)
- FCF (LTM) -9.8 bln RUB (negative), 2.0% of market cap
- EV/EBITDA multiple is 3.5x compared to historical level (50th percentile) of 4.2x

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2024-08-31

#SELG #reports

Seligdar reported for 2024 q1:
- Revenue -0.7% YoY (vs -0.7% in previous quarter and historical rate +23.3%)
- EBITDA +8.1% YoY (vs +8.1% in previous quarter and historical rate +10.0%)
- EBITDA margin 24.5% increased compared to 22.5% same period last year
- Net Debt increased by 7.6 bln rubles over the past reporting period (20.8% of market cap)
- FCF (LTM) -7.4 bln RUB (negative), 20.3% of market cap
- EV/EBITDA multiple is 6.9x compared to historical level (50th percentile) of 7.6x
- EV/EBITDA expected multiple is 7.8x

Growth potential decreased by 29.8% to -58.6%

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2024-08-31

#MGNT #reports

Magnit reported for 2024 q2:
- Revenue +15.4% YoY (vs +22.3% in previous quarter and historical rate +20.3%)
- EBITDA -17.1% YoY (vs +9.6% in previous quarter and historical rate +13.7%)
- EBITDA margin 5.3% decreased compared to 7.4% same period last year
- Net Debt increased by 27.7 bln rubles over the past reporting period (5.7% of market cap)
- FCF (LTM) -9.8 bln RUB (negative), 2.0% of market cap
- EV/EBITDA multiple is 3.5x compared to historical level (50th percentile) of 4.2x

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2024-08-31

#FEES #reports

FGC UES reported for 2024 q1:
- Revenue -0.3% YoY (vs -0.2% in previous quarter and historical rate +72.6%)
- EBITDA -10.4% YoY (vs -5.2% in previous quarter and historical rate +67.6%)
- EBITDA margin 25.0% decreased compared to 27.9% same period last year
- Net Debt decreased by 174.3 bln rubles over the past reporting period (153.3% of market cap)
- FCF (LTM) +426.2 bln RUB (positive), 374.7% of market cap
- EV/EBITDA multiple is 1.6x compared to historical level (50th percentile) of 2.9x

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2024-08-30

#UWGN #reports

Uniwagon reported for 2024 H1:
- Revenue +97% YoY (vs +232.4% in previous half-year and historical rate +45.0%)
- EBITDA +1606.1% YoY (vs +1357200.0% in previous half-year and historical rate +18.0%)
- EBITDA margin 36.3% increased compared to 4.2% same period last year
- Net Debt decreased by 26.8 bln rubles over the past reporting period (524.1% of market cap)
- FCF (LTM) +89.9 bln RUB (positive), 1756.2% of market cap
- EV/EBITDA multiple is 2.2x compared to historical level (50th percentile) of 21.9x

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2024-08-30

#SVAV #reports

Sollers reported for 2024 H1:
- Revenue +35% YoY (vs +23.7% in previous half-year and historical rate +9.6%)
- EBITDA +3.6% YoY (vs -22.8% in previous half-year and historical rate +32.1%)
- EBITDA margin 9.5% decreased compared to 12.3% same period last year
- Net Debt decreased by 8.8 bln rubles over the past reporting period (37.3% of market cap)
- FCF (LTM) +16.1 bln RUB (positive), 67.8% of market cap
- EV/EBITDA multiple is 2.1x compared to historical level (50th percentile) of 3.7x

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2024-08-30

#SELG #reports

Seligdar reported for 2024 q2:
- Revenue -0.7% YoY (vs -0.7% in previous quarter and historical rate +23.3%)
- EBITDA +8.1% YoY (vs +8.1% in previous quarter and historical rate +10.0%)
- EBITDA margin 24.5% increased compared to 22.5% same period last year
- Net Debt increased by 7.6 bln rubles over the past reporting period (20.9% of market cap)
- FCF (LTM) -7.4 bln RUB (negative), 20.3% of market cap
- EV/EBITDA multiple is 7x compared to historical level (50th percentile) of 7.6x
- EV/EBITDA expected multiple is 7.8x

Growth potential decreased by 191.4% to -65.8%

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2024-08-30

#ROSN #reports

Rosneft reported for 2024 q2:
- Revenue +26.6% YoY (vs +42.8% in previous quarter and historical rate +22.1%)
- EBITDA +9.6% YoY (vs +30.3% in previous quarter and historical rate +41.4%)
- EBITDA margin 28.6% decreased compared to 33.0% same period last year
- Net Debt decreased by 56.3 bln rubles over the past reporting period (1.1% of market cap)
- FCF (LTM) +9.6 bln RUB (positive), 0.2% of market cap
- EV/EBITDA multiple is 2.7x compared to historical level (50th percentile) of 4.1x
- EV/EBITDA expected multiple is 3.4x

Growth potential decreased by 44.3% to +17.0%

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2024-08-30

#ROLO #reports

Rusolovo reported for 2024 H1:
- Revenue +34.1% YoY (vs +71.5% in previous half-year and historical rate +33.2%)
- EBITDA -547.2% YoY (vs +24200.0% in previous half-year and historical rate -3.6%)
- EBITDA margin -22.9% decreased compared to 6.9% same period last year
- Net Debt increased by 1.4 bln rubles over the past reporting period (6.7% of market cap)
- FCF (LTM) -4.4 bln RUB (negative), 21.3% of market cap
- EV/EBITDA multiple is -55.8x compared to historical level (50th percentile) of 94.3x
- EV/EBITDA expected multiple is -49.8x

Growth potential decreased by 131.3% to -210.9%

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2024-08-30

#PIKK #reports

PIK Group reported for 2024 H1:
- Revenue -0.1% YoY (vs +16.0% in previous half-year and historical rate +12.7%)
- EBITDA +1.5% YoY (vs +20.2% in previous half-year and historical rate +8.5%)
- EBITDA margin 20.9% increased compared to 20.6% same period last year
- Net Debt increased by 24089 bln rubles over the past reporting period (5334.4% of market cap)
- FCF (LTM) +0.3 bln RUB (positive), 0.1% of market cap
- EV/EBITDA multiple is 8.8x compared to historical level (50th percentile) of 8.8x
- EV/EBITDA expected multiple is 8.5x

Growth potential decreased by 8939.1% to -53.8%

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2024-08-30

#GLTR #reports

Globaltrans reported for 2024 H1:
- Revenue +5.9% YoY (vs +14.6% in previous half-year and historical rate +19.3%)
- EBITDA -12.3% YoY (vs +11.7% in previous half-year and historical rate +39.6%)
- EBITDA margin 49.7% decreased compared to 60.0% same period last year
- EV/EBITDA multiple is 1.5x compared to historical level (50th percentile) of 2x
- EV/EBITDA expected multiple is 1x

Growth potential decreased by 34.6% to +70.9%

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2024-08-30

#GAZP #reports

Gazprom reported for 2024 q1:
- Revenue +23.7% YoY (vs +23.7% in previous quarter and historical rate +13.2%)
- EBITDA +19% YoY (vs +19.0% in previous quarter and historical rate +12.9%)
- EBITDA margin 28.7% decreased compared to 29.8% same period last year
- Net Debt increased by 229.6 bln rubles over the past reporting period (7.8% of market cap)
- FCF (LTM) -499 bln RUB (negative), 17.1% of market cap
- EV/EBITDA multiple is 4.9x compared to historical level (50th percentile) of 6.3x
- EV/EBITDA expected multiple is 4.2x

Growth potential increased by 141.5% to +109.0%

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2024-08-30

#FESH #reports

FESCO reported for 2024 H1:
- Revenue -14.6% YoY (vs +2.5% in previous half-year and historical rate +30.4%)
- EBITDA -55.2% YoY (vs -31.6% in previous half-year and historical rate +31.0%)
- EBITDA margin 20.6% decreased compared to 39.3% same period last year
- Net Debt increased by 10.1 bln rubles over the past reporting period (7.5% of market cap)
- FCF (LTM) -23.4 bln RUB (negative), 17.3% of market cap
- EV/EBITDA multiple is 6.1x compared to historical level (50th percentile) of 4x
- EV/EBITDA expected multiple is 4.3x

Growth potential decreased by 90.1% to -21.0%

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2024-08-30

#FEES #reports

FGC UES reported for 2024 q2:
- Revenue -0.3% YoY (vs -0.2% in previous quarter and historical rate +72.6%)
- EBITDA -10.4% YoY (vs -5.2% in previous quarter and historical rate +67.6%)
- EBITDA margin 25.0% decreased compared to 27.9% same period last year
- Net Debt decreased by 174.3 bln rubles over the past reporting period (153.4% of market cap)
- FCF (LTM) +426.2 bln RUB (positive), 375.1% of market cap
- EV/EBITDA multiple is 1.6x compared to historical level (50th percentile) of 2.9x

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2024-08-30

#BANE #reports

Bashneft reported for 2024 q2:
- Revenue +36.6% YoY (vs +35.4% in previous quarter and historical rate +41.9%)
- EBITDA -3.4% YoY (vs -1.9% in previous quarter and historical rate +54.3%)
- EBITDA margin 17.7% decreased compared to 25.0% same period last year
- EV/EBITDA multiple is 2x compared to historical level (50th percentile) of 2.9x
- EV/EBITDA expected multiple is 3.1x

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2024-08-30

#AFKS #reports

Sistema reported for 2024 q2:
- Revenue +24.3% YoY (vs +24.7% in previous quarter and historical rate +16.8%)
- EBITDA +26.8% YoY (vs +7.2% in previous quarter and historical rate +7.8%)
- EBITDA margin 30.4% increased compared to 29.8% same period last year
- Net Debt increased by 37.1 bln rubles over the past reporting period (23.8% of market cap)
- FCF (LTM) -179.5 bln RUB (negative), 115.3% of market cap
- EV/EBITDA multiple is 5.8x compared to historical level (50th percentile) of 4.8x

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2024-08-30

#UGLD #reports

Yuzhuralzoloto Group reported for 2024 H1:
- Revenue +17.2% YoY (vs +62.7% in previous half-year and historical rate +13.1%)
- EBITDA +4.8% YoY (vs +82.2% in previous half-year and historical rate +10.4%)
- EBITDA margin 33.3% decreased compared to 37.3% same period last year
- Net Debt decreased by 4.4 bln rubles over the past reporting period (3.3% of market cap)
- FCF (LTM) -2.4 bln RUB (negative), 1.8% of market cap
- EV/EBITDA multiple is 8.4x compared to historical level (50th percentile) of 11.5x
- EV/EBITDA expected multiple is 8.1x

Growth potential decreased by 83.4% to -6.1%

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2024-08-30

#NLMK #reports

NLMK reported for 2024 q1:
- Revenue -7.5% YoY (vs +11.3% in previous quarter and historical rate +10.3%)
- EBITDA -8.6% YoY (vs +40.0% in previous quarter and historical rate +10.7%)
- EBITDA margin 32.5% decreased compared to 32.9% same period last year
- Net Debt increased by 55.4 bln rubles over the past reporting period (6.6% of market cap)
- FCF (LTM) +224.7 bln RUB (positive), 26.8% of market cap
- EV/EBITDA multiple is 2.6x compared to historical level (50th percentile) of 4.7x
- EV/EBITDA expected multiple is 2.4x

Growth potential increased by 3.5% to +89.2%

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2024-08-30

#LKOH #reports

Lukoil reported for 2024 q1:
- Revenue +18% YoY (vs +22.6% in previous quarter and historical rate +12.8%)
- EBITDA +13.8% YoY (vs +12.4% in previous quarter and historical rate +30.6%)
- EBITDA margin 22.3% decreased compared to 23.1% same period last year
- Net Debt decreased by 13.2 bln rubles over the past reporting period (0.3% of market cap)
- FCF (LTM) +831.8 bln RUB (positive), 18.5% of market cap
- EV/EBITDA multiple is 1.6x compared to historical level (50th percentile) of 3.6x
- EV/EBITDA expected multiple is 1.8x

Growth potential increased by 3.5% to +80.3%

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2024-08-30

#GAZP #reports

Gazprom reported for 2024 q2:
- Revenue +23.7% YoY (vs +23.7% in previous quarter and historical rate +13.2%)
- EBITDA +19% YoY (vs +19.0% in previous quarter and historical rate +12.9%)
- EBITDA margin 28.7% decreased compared to 29.8% same period last year
- Net Debt increased by 229.6 bln rubles over the past reporting period (7.5% of market cap)
- FCF (LTM) -499 bln RUB (negative), 16.3% of market cap
- EV/EBITDA multiple is 4.9x compared to historical level (50th percentile) of 6.3x
- EV/EBITDA expected multiple is 4.2x

Growth potential increased by 135.5% to +100.7%

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

2024-08-29

#TTLK #reports

Tattelecom reported for 2024 H1:
- Revenue +7% YoY (vs +9.8% in previous half-year and historical rate +4.3%)
- EBITDA -6.5% YoY (vs -18.1% in previous half-year and historical rate -9.3%)
- EBITDA margin 31.7% decreased compared to 36.3% same period last year
- EV/EBITDA multiple is 3.9x compared to historical level (50th percentile) of 2.7x

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

2024-08-29

#TRNFP #reports

Transneft (pref) reported for 2024 q2:
- Revenue +7.9% YoY (vs +16.8% in previous quarter and historical rate +12.3%)
- EBITDA -6.1% YoY (vs +11.5% in previous quarter and historical rate +9.6%)
- EBITDA margin 39.9% decreased compared to 45.9% same period last year
- Net Debt decreased by 443.1 bln rubles over the past reporting period (47.7% of market cap)
- FCF (LTM) +644.3 bln RUB (positive), 69.4% of market cap
- EV/EBITDA multiple is 1.4x compared to historical level (50th percentile) of 2.9x

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

2024-08-29

#SMLT #reports

Samolet reported for 2024 H1:
- Revenue +68.5% YoY (vs +46.0% in previous half-year and historical rate +67.2%)
- EBITDA +61.7% YoY (vs +80.5% in previous half-year and historical rate +93.1%)
- EBITDA margin 25.2% decreased compared to 26.3% same period last year
- Net Debt increased by 124.7 bln rubles over the past reporting period (103.5% of market cap)
- FCF (LTM) -334.5 bln RUB (negative), 277.5% of market cap
- EV/EBITDA multiple is 8.5x compared to historical level (50th percentile) of 13.2x
- EV/EBITDA expected multiple is 8.6x

Growth potential decreased by 191.2% to -243.7%

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

2024-08-29

#NLMK #reports

NLMK reported for 2024 q2:
- Revenue -7.5% YoY (vs +11.3% in previous quarter and historical rate +10.3%)
- EBITDA -8.6% YoY (vs +40.0% in previous quarter and historical rate +10.7%)
- EBITDA margin 32.5% decreased compared to 32.9% same period last year
- Net Debt increased by 55.4 bln rubles over the past reporting period (6.6% of market cap)
- FCF (LTM) +224.7 bln RUB (positive), 26.8% of market cap
- EV/EBITDA multiple is 2.6x compared to historical level (50th percentile) of 4.7x
- EV/EBITDA expected multiple is 2.3x

Growth potential increased by 10.4% to +90.8%

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

2024-08-29

#NKNC #reports

Nizhnekamsknef-m reported for 2024 H1:
- Revenue +15.9% YoY (vs +21.6% in previous half-year and historical rate +9.2%)
- EBITDA +6.1% YoY (vs +27.5% in previous half-year and historical rate +17.0%)
- EBITDA margin 24.5% decreased compared to 26.8% same period last year
- Net Debt increased by 2.5 bln rubles over the past reporting period (1.8% of market cap)
- FCF (LTM) +22.8 bln RUB (positive), 16.0% of market cap
- EV/EBITDA multiple is 3.5x compared to historical level (50th percentile) of 4.5x
- EV/EBITDA expected multiple is 3x

Growth potential decreased by 9.5% to +69.7%

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

2024-08-29

#LKOH #reports

Lukoil reported for 2024 q2:
- Revenue +18% YoY (vs +22.6% in previous quarter and historical rate +12.8%)
- EBITDA +13.8% YoY (vs +12.4% in previous quarter and historical rate +30.6%)
- EBITDA margin 22.3% decreased compared to 23.1% same period last year
- Net Debt decreased by 13.2 bln rubles over the past reporting period (0.3% of market cap)
- FCF (LTM) +831.8 bln RUB (positive), 18.5% of market cap
- EV/EBITDA multiple is 1.6x compared to historical level (50th percentile) of 3.6x
- EV/EBITDA expected multiple is 1.8x

Growth potential decreased by 6.4% to +81.9%

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

2024-08-29

#KMAZ #reports

Kamaz reported for 2024 H1:
- Revenue +12.4% YoY (vs +31.4% in previous half-year and historical rate +16.8%)
- EBITDA -2.1% YoY (vs -21.8% in previous half-year and historical rate +24.2%)
- EBITDA margin 10.7% decreased compared to 12.3% same period last year
- EV/EBITDA multiple is 4.9x compared to historical level (50th percentile) of 6.5x

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

2024-08-29

#HYDR #reports

Rushydro reported for 2024 q2:
- Revenue +7.2% YoY (vs +9.7% in previous quarter and historical rate +9.7%)
- EBITDA +0.7% YoY (vs +5.2% in previous quarter and historical rate +8.5%)
- EBITDA margin 26.5% decreased compared to 28.2% same period last year
- Net Debt increased by 39.2 bln rubles over the past reporting period (19.1% of market cap)
- FCF (LTM) -125.5 bln RUB (negative), 61.2% of market cap
- EV/EBITDA multiple is 4.8x compared to historical level (50th percentile) of 5.7x

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

2024-08-29

#AQUA #reports

RUS AQUA reported for 2024 H1:
- Revenue +41.5% YoY (vs +69.4% in previous half-year and historical rate +44.2%)
- EBITDA +22.7% YoY (vs +40.1% in previous half-year and historical rate +43.6%)
- EBITDA margin 42.2% decreased compared to 48.7% same period last year
- Net Debt decreased by 5.8 bln rubles over the past reporting period (9.8% of market cap)
- FCF (LTM) +8.3 bln RUB (positive), 13.9% of market cap
- EV/EBITDA multiple is 4.7x compared to historical level (50th percentile) of 6.9x
- EV/EBITDA expected multiple is 5.8x

Growth potential increased by 5.2% to +16.6%

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

2024-08-29

#RUAL #reports

Rusal reported for 2024 H1:
- Revenue +13.1% YoY (vs +41.0% in previous half-year and historical rate +16.6%)
- EBITDA +180.5% YoY (vs +214.7% in previous half-year and historical rate +56.1%)
- EBITDA margin 12.1% increased compared to 4.9% same period last year
- Net Debt increased by 29.5 bln rubles over the past reporting period (5.9% of market cap)
- FCF (LTM) -35.2 bln RUB (negative), 7.1% of market cap
- EV/EBITDA multiple is 9.3x compared to historical level (50th percentile) of 5.7x
- EV/EBITDA expected multiple is 16x

Growth potential decreased by 31.5% to -177.8%

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

2024-08-29

#PRMD #reports

Promomed reported for 2024 q2:
- Revenue +4.5% YoY (vs +5.8% in previous quarter and historical rate +8.8%)
- EBITDA -15.3% YoY (vs +22.6% in previous quarter and historical rate +12.2%)
- EBITDA margin 38.3% decreased compared to 47.3% same period last year
- Net Debt increased by 0.9 bln rubles over the past reporting period (1.2% of market cap)
- FCF (LTM) -5.6 bln RUB (negative), 7.8% of market cap
- EV/EBITDA multiple is 14.4x compared to historical level (50th percentile) of 16.3x

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

2024-08-29

#ETLN #reports

Etalon reported for 2024 H1:
- Revenue +75% YoY (vs +17.2% in previous half-year and historical rate +12.4%)
- EBITDA +294% YoY (vs -1.0% in previous half-year and historical rate +28.2%)
- EBITDA margin 33.6% increased compared to 14.9% same period last year
- Net Debt increased by 16.6 bln rubles over the past reporting period (60.9% of market cap)
- FCF (LTM) -50.2 bln RUB (negative), 184.6% of market cap
- EV/EBITDA multiple is 6x compared to historical level (50th percentile) of 7x
- EV/EBITDA expected multiple is 5x

Growth potential increased by 434.2% to +277.4%

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

2024-08-29

#ENPG #reports

En+ Group reported for 2024 H1:
- Revenue +13.4% YoY (vs +257.1% in previous half-year and historical rate +31.2%)
- EBITDA +70.9% YoY (vs +8275700.0% in previous half-year and historical rate +8.4%)
- EBITDA margin 20.0% increased compared to 13.2% same period last year
- Net Debt decreased by 181.9 bln rubles over the past reporting period (84.4% of market cap)
- FCF (LTM) +46.5 bln RUB (positive), 21.6% of market cap
- EV/EBITDA multiple is 6.8x compared to historical level (50th percentile) of 9.3x

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

2024-08-28

#SFIN #reports

SFI Holding reported for 2024 q2:
- Revenue +62% YoY (vs +53.9% in previous quarter and historical rate +36.7%)
- Net Income +17.7% YoY (vs +34.6% in previous quarter and historical rate +89.3%)
- Net Income 46.8% decreased compared to 64.5% same period last year
- P/E multiple is 2.8x compared to historical level (50th percentile) of 7.4x

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

2024-08-28

#MRKY #reports

IDGC South reported for 2024 q2:
- Revenue -4.8% YoY (vs +2.9% in previous quarter and historical rate +16.9%)
- EBITDA -9.8% YoY (vs -22.0% in previous quarter and historical rate +62.5%)
- EBITDA margin 16.4% decreased compared to 17.3% same period last year
- Net Debt decreased by 0.1 bln rubles over the past reporting period (1.7% of market cap)
- FCF (LTM) -1.9 bln RUB (negative), 34.6% of market cap
- EV/EBITDA multiple is 2.7x compared to historical level (50th percentile) of 5x

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

2024-08-28

#MRKS #reports

IDGC Siberia reported for 2024 q1:
- Revenue +13.1% YoY (vs +42.8% in previous quarter and historical rate +10.9%)
- EBITDA margin 6.4% increased compared to -8.0% same period last year
- Net Debt increased by 0.4 bln rubles over the past reporting period (0.7% of market cap)
- FCF (LTM) +46 bln RUB (positive), 85.8% of market cap

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

2024-08-28

#MRKP #reports

IDGC Center & Volga reported for 2024 q2:
- Revenue +4.8% YoY (vs +7.6% in previous quarter and historical rate +10.3%)
- EBITDA +16.9% YoY (vs +2.0% in previous quarter and historical rate +18.2%)
- EBITDA margin 28.8% increased compared to 25.8% same period last year
- Net Debt decreased by 4.6 bln rubles over the past reporting period (13.4% of market cap)
- FCF (LTM) +11.4 bln RUB (positive), 33.7% of market cap
- EV/EBITDA multiple is 1.2x compared to historical level (50th percentile) of 1.7x

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

2024-08-28

#MRKC #reports

IDGC Center reported for 2024 q2:
- Revenue +2.6% YoY (vs +4.5% in previous quarter and historical rate +37.6%)
- EBITDA -0.8% YoY (vs -9.4% in previous quarter and historical rate +47.4%)
- EBITDA margin 23.2% decreased compared to 24.0% same period last year
- Net Debt decreased by 3.2 bln rubles over the past reporting period (19.8% of market cap)
- FCF (LTM) +6 bln RUB (positive), 36.4% of market cap
- EV/EBITDA multiple is 1.4x compared to historical level (50th percentile) of 3.1x

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

2024-08-28

#LSRG #reports

LSR Group reported for 2024 H1:
- Revenue +13.8% YoY (vs +117.2% in previous half-year and historical rate +28.5%)
- EBITDA -221.2% YoY (vs +168.7% in previous half-year and historical rate +0.3%)
- EBITDA margin -19.6% decreased compared to 18.4% same period last year
- Net Debt increased by 31.3 bln rubles over the past reporting period (45.3% of market cap)
- FCF (LTM) +9.2 bln RUB (positive), 13.3% of market cap
- EV/EBITDA multiple is 8.3x compared to historical level (50th percentile) of 5x

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

2024-08-28

#HHRU #reports

Head Hunter reported for 2024 q2:
- Revenue +39.5% YoY (vs +55.4% in previous quarter and historical rate +50.2%)
- EBITDA +24.3% YoY (vs +70.7% in previous quarter and historical rate +68.2%)
- EBITDA margin 50.0% decreased compared to 56.1% same period last year
- Net Debt decreased by 2.7 bln rubles over the past reporting period (1.4% of market cap)
- FCF (LTM) +18.7 bln RUB (positive), 9.6% of market cap
- EV/EBITDA multiple is 8.6x compared to historical level (50th percentile) of 10x

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

2024-08-28

#SGZH #reports

Segezha Group reported for 2024 q2:
- Revenue +23.8% YoY (vs +22.0% in previous quarter and historical rate +11.2%)
- EBITDA +9.4% YoY (vs +129.4% in previous quarter and historical rate +2.9%)
- EBITDA margin 12.3% decreased compared to 13.9% same period last year
- Net Debt increased by 6.4 bln rubles over the past reporting period (26.8% of market cap)
- FCF (LTM) -18.4 bln RUB (negative), 77.1% of market cap
- EV/EBITDA multiple is 16.3x compared to historical level (50th percentile) of 34x
- EV/EBITDA expected multiple is -55.5x

Growth potential decreased by 221.4% to -1222.6%

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

2024-08-28

#PLZL #reports

Polyus reported for 2024 q1:
- Revenue +33.2% YoY (vs +33.2% in previous quarter and historical rate +17.3%)
- EBITDA +43.9% YoY (vs +43.9% in previous quarter and historical rate +28.2%)
- EBITDA margin 72.0% increased compared to 66.6% same period last year
- Net Debt decreased by 55.6 bln rubles over the past reporting period (3.2% of market cap)
- FCF (LTM) +196 bln RUB (positive), 11.4% of market cap
- EV/EBITDA multiple is 4.7x compared to historical level (50th percentile) of 8x
- EV/EBITDA expected multiple is 4.4x

Growth potential increased by 11.6% to +94.9%

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

2024-08-28

#MRKS #reports

IDGC Siberia reported for 2024 q2:
- Revenue +13.1% YoY (vs +42.8% in previous quarter and historical rate +10.9%)
- EBITDA margin 6.4% increased compared to -8.0% same period last year
- Net Debt increased by 0.4 bln rubles over the past reporting period (0.7% of market cap)
- FCF (LTM) +46 bln RUB (positive), 85.7% of market cap

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

2024-08-28

#MBNK #reports

MTS Bank reported for 2024 q2:
- Revenue +23.4% YoY (vs +37.8% in previous quarter and historical rate +37.4%)
- Net Income +29.9% YoY (vs +34.8% in previous quarter and historical rate +60.6%)
- Net Income 22.1% increased compared to 20.9% same period last year
- P/E multiple is 4.2x compared to historical level (50th percentile) of 5.3x

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

2024-08-28

#EUTR #reports

Evrotrans AO reported for 2024 H1:
- Revenue -97.8% YoY (vs +61.6% in previous half-year and historical rate +45.8%)
- EBITDA -151% YoY (vs +92.3% in previous half-year and historical rate +59.0%)
- EBITDA margin -212.8% decreased compared to 9.3% same period last year
- Net Debt decreased by 2.7 bln rubles over the past reporting period (14.7% of market cap)
- FCF (LTM) +3.2 bln RUB (positive), 17.6% of market cap
- EV/EBITDA multiple is 7.7x compared to historical level (50th percentile) of 5.8x

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

2024-08-27

#PLZL #reports

Polyus reported for 2024 q2:
- Revenue +33.2% YoY (vs +33.2% in previous quarter and historical rate +17.3%)
- EBITDA +43.9% YoY (vs +43.9% in previous quarter and historical rate +28.2%)
- EBITDA margin 72.0% increased compared to 66.6% same period last year
- Net Debt decreased by 55.6 bln rubles over the past reporting period (3.2% of market cap)
- FCF (LTM) +196 bln RUB (positive), 11.4% of market cap
- EV/EBITDA multiple is 4.8x compared to historical level (50th percentile) of 8x
- EV/EBITDA expected multiple is 4.4x

Growth potential decreased by 12.0% to +94.4%

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

2024-08-27

#MRKU #reports

IDGC Ural reported for 2024 q2:
- Revenue -7.3% YoY (vs -8.9% in previous quarter and historical rate +3.4%)
- EBITDA +10.4% YoY (vs -10.8% in previous quarter and historical rate +26.6%)
- EBITDA margin 26.5% increased compared to 22.2% same period last year
- EV/EBITDA multiple is 2.3x compared to historical level (50th percentile) of 2.2x

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

2024-08-27

#HNFG #reports

Henderson reported for 2024 H1:
- Revenue +32% YoY (vs +36.9% in previous half-year and historical rate +32.4%)
- EBITDA +35.6% YoY (vs +46.5% in previous half-year and historical rate +80.8%)
- EBITDA margin 29.1% increased compared to 28.3% same period last year
- Net Debt increased by 1.4 bln rubles over the past reporting period (5.6% of market cap)
- FCF (LTM) +0.8 bln RUB (positive), 3.3% of market cap
- EV/EBITDA multiple is 4.5x compared to historical level (50th percentile) of 5.2x
- EV/EBITDA expected multiple is 4.2x

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

2024-08-27

#AKRN #reports

Acron reported for 2024 q2:
- Revenue +26.7% YoY (vs -3.0% in previous quarter and historical rate +17.5%)
- EBITDA -42.8% YoY (vs -50.2% in previous quarter and historical rate +30.0%)
- EBITDA margin 27.0% decreased compared to 59.9% same period last year
- Net Debt increased by 20.4 bln rubles over the past reporting period (3.3% of market cap)
- FCF (LTM) -22 bln RUB (negative), 3.6% of market cap
- EV/EBITDA multiple is 11.6x compared to historical level (50th percentile) of 10.2x
- EV/EBITDA expected multiple is 17.4x

Growth potential decreased by 30.0% to -67.6%

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

2024-08-27

#WUSH #reports

Whoosh reported for 2024 H1:
- Revenue +42% YoY (vs +72.2% in previous half-year and historical rate +80.7%)
- EBITDA +36.3% YoY (vs +28.7% in previous half-year and historical rate +60.7%)
- EBITDA margin 44.0% decreased compared to 45.9% same period last year
- Net Debt decreased by 9.9 bln rubles over the past reporting period (44.2% of market cap)
- FCF (LTM) +7.2 bln RUB (positive), 32.3% of market cap
- EV/EBITDA multiple is 4x compared to historical level (50th percentile) of 7.9x
- EV/EBITDA expected multiple is 3.6x

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

2024-08-27

#MRKZ #reports

IDGC North West reported for 2024 q2:
- Revenue +2.5% YoY (vs -2.2% in previous quarter and historical rate +3.5%)
- EBITDA +202.8% YoY (vs -4.6% in previous quarter and historical rate +28.9%)
- EBITDA margin 12.7% increased compared to 4.3% same period last year
- Net Debt increased by 0.1 bln rubles over the past reporting period (2.1% of market cap)
- FCF (LTM) +0.7 bln RUB (positive), 10.7% of market cap
- EV/EBITDA multiple is 2.5x compared to historical level (50th percentile) of 3.8x

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

2024-08-27

#MRKV #reports

IDGC Volga reported for 2024 q2:
- Revenue +0.3% YoY (vs +2.8% in previous quarter and historical rate +8.3%)
- EBITDA -43.1% YoY (vs +48.8% in previous quarter and historical rate +29.3%)
- EBITDA margin 9.2% decreased compared to 16.2% same period last year
- Net Debt decreased by 2 bln rubles over the past reporting period (19.1% of market cap)
- FCF (LTM) -1.3 bln RUB (negative), 11.7% of market cap
- EV/EBITDA multiple is 1.5x compared to historical level (50th percentile) of 2.2x

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

2024-08-27

#ASTR #reports

Astra reported for 2024 H1:
- Revenue +58.4% YoY (vs +46.6% in previous half-year and historical rate +120.9%)
- EBITDA -2.5% YoY (vs +20.0% in previous half-year and historical rate +103.1%)
- EBITDA margin 23.7% decreased compared to 38.5% same period last year
- Net Debt decreased by 4.9 bln rubles over the past reporting period (4.3% of market cap)
- FCF (LTM) +5.4 bln RUB (positive), 4.8% of market cap
- EV/EBITDA multiple is 25.2x compared to historical level (50th percentile) of 26.4x

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

2024-08-26

#OKEY #reports

OKEY reported for 2024 H1:
- Revenue +105261.6% YoY (vs +3.9% in previous half-year and historical rate +38.9%)
- EBITDA +131823.4% YoY (vs +4.4% in previous half-year and historical rate +41.3%)
- EBITDA margin 8.9% increased compared to 7.1% same period last year
- EV/EBITDA multiple is 0x compared to historical level (50th percentile) of 2.6x
- EV/EBITDA expected multiple is 0x

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

2024-08-26

#MVID #reports

M Video reported for 2024 H1:
- Revenue +12.7% YoY (vs +39.0% in previous half-year and historical rate +2.1%)
- EBITDA -12.2% YoY (vs +90.5% in previous half-year and historical rate +37.4%)
- EBITDA margin 3.2% decreased compared to 4.1% same period last year
- Net Debt increased by 11.5 bln rubles over the past reporting period (47.0% of market cap)
- FCF (LTM) +4.1 bln RUB (positive), 16.8% of market cap
- EV/EBITDA multiple is 5x compared to historical level (50th percentile) of 6.9x

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

2024-08-26

#MOEX #reports

MOEX reported for 2024 q2:
- Revenue +75.1% YoY (vs +46.3% in previous quarter and historical rate +39.0%)
- Net Income +134.5% YoY (vs +35.0% in previous quarter and historical rate +48.4%)
- Net Income 77.2% increased compared to 57.6% same period last year
- P/E multiple is 5.8x compared to historical level (50th percentile) of 7.4x
- P/E expected multiple is 5x

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

2024-08-26

#ELMT #reports

Element reported for 2024 H1:
- Revenue +10.9% YoY (vs +46.5% in previous half-year and historical rate +21.1%)
- EBITDA +27.7% YoY (vs +64.9% in previous half-year and historical rate +43.2%)
- EBITDA margin 28.2% increased compared to 24.5% same period last year
- Net Debt decreased by 54.1 bln rubles over the past reporting period (63.7% of market cap)
- FCF (LTM) +57.2 bln RUB (positive), 67.4% of market cap
- EV/EBITDA multiple is 4.8x compared to historical level (50th percentile) of 12.6x

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

2024-08-24

#ROSB #reports

Rosbank reported for 2024 q2:
- Revenue -2.5% YoY (vs +13.0% in previous quarter and historical rate +14.1%)
- Net Income -45.7% YoY (vs -17.1% in previous quarter and historical rate +17.0%)
- Net Income 27.4% decreased compared to 49.3% same period last year
- P/E multiple is 7.9x compared to historical level (50th percentile) of 7x

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

2024-08-24

#GMKN #reports

Nornickel reported for 2024 H1:
- Revenue -8.1% YoY (vs +38.3% in previous half-year and historical rate -1.8%)
- EBITDA -29.8% YoY (vs +33.3% in previous half-year and historical rate -14.5%)
- EBITDA margin 35.7% decreased compared to 46.7% same period last year
- Net Debt increased by 152.5 bln rubles over the past reporting period (8.5% of market cap)
- FCF (LTM) +19.9 bln RUB (positive), 1.1% of market cap
- EV/EBITDA multiple is 5.5x compared to historical level (50th percentile) of 7.8x
- EV/EBITDA expected multiple is 7.6x

Growth potential decreased by 47.5% to -0.9%

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

2024-08-24

#CARM #reports

CarMoney reported for 2024 H1:
- Revenue +10.7% YoY (vs +18.7% in previous half-year and historical rate +7.4%)
- Net Income -26.4% YoY (vs +53.7% in previous half-year and historical rate +36.2%)
- Net Income 10.6% decreased compared to 15.9% same period last year
- P/E multiple is 8.8x compared to historical level (50th percentile) of 10.2x

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

2024-08-23

#RNFT #reports

Russneft reported for 2024 H1:
- Revenue +60.2% YoY (vs +33.0% in previous half-year and historical rate +27.5%)
- EBITDA +489.9% YoY (vs +757.5% in previous half-year and historical rate +79.0%)
- EBITDA margin 28.5% increased compared to 7.7% same period last year
- Net Debt decreased by 12.4 bln rubles over the past reporting period (28.0% of market cap)
- FCF (LTM) +46.6 bln RUB (positive), 105.4% of market cap
- EV/EBITDA multiple is 1.4x compared to historical level (50th percentile) of 3.1x
- EV/EBITDA expected multiple is 1.6x

Growth potential increased by 120.0% to +177.7%

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

2024-08-23

#RASP #reports

Raspadskaya reported for 2024 H1:
- Revenue -3.7% YoY (vs +31.3% in previous half-year and historical rate +52.8%)
- EBITDA -94.8% YoY (vs +48.0% in previous half-year and historical rate +36.2%)
- EBITDA margin 1.9% decreased compared to 36.0% same period last year
- Net Debt increased by 7.6 bln rubles over the past reporting period (4.1% of market cap)
- FCF (LTM) -6.8 bln RUB (negative), 3.7% of market cap
- EV/EBITDA multiple is 6.1x compared to historical level (50th percentile) of 2.8x
- EV/EBITDA expected multiple is -4.9x

Growth potential decreased by 38.2% to -146.8%

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

2024-08-23

#BSPB #reports

Bank Sankt-Peterburg reported for 2024 q2:
- Revenue +40.1% YoY (vs +6.9% in previous quarter and historical rate +26.1%)
- Net Income -17.8% YoY (vs -11.0% in previous quarter and historical rate +59.6%)
- Net Income 49.6% decreased compared to 84.6% same period last year
- P/E multiple is 3.9x compared to historical level (50th percentile) of 2.5x

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

2024-08-23

#RENI #reports

Renessans reported for 2024 q2:
- Revenue +41.1% YoY (vs +47.3% in previous quarter and historical rate +16.6%)
- Net Income -70.2% YoY (vs +7.6% in previous quarter and historical rate +53.2%)
- Net Income 3.7% decreased compared to 17.5% same period last year
- P/E multiple is 7.1x compared to historical level (50th percentile) of 4.5x

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2024-08-23

#MTSS #reports

MTS reported for 2024 q2:
- Revenue +18.5% YoY (vs +17.4% in previous quarter and historical rate +8.9%)
- EBITDA +5.4% YoY (vs +5.6% in previous quarter and historical rate +1.5%)
- EBITDA margin 33.7% decreased compared to 37.9% same period last year
- Net Debt decreased by 34.8 bln rubles over the past reporting period (10.5% of market cap)
- FCF (LTM) +13.9 bln RUB (positive), 4.2% of market cap
- EV/EBITDA multiple is 3.6x compared to historical level (50th percentile) of 4.4x
- EV/EBITDA expected multiple is 3.8x

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

2024-08-22

#MTLR #reports

Mechel reported for 2024 q1:
- Revenue +5.8% YoY (vs +5.8% in previous quarter and historical rate +13.8%)
- EBITDA -61.8% YoY (vs -61.8% in previous quarter and historical rate +18.8%)
- EBITDA margin 6.7% decreased compared to 18.6% same period last year
- Net Debt increased by 6.8 bln rubles over the past reporting period (11.4% of market cap)
- FCF (LTM) -0.6 bln RUB (negative), 1.0% of market cap
- EV/EBITDA multiple is 6.1x compared to historical level (50th percentile) of 3.8x
- EV/EBITDA expected multiple is 3.9x

Growth potential decreased by 149.0% to -113.2%

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

2024-08-22

#BELU #reports

Beluga reported for 2024 q1:
- Revenue +19.1% YoY (vs +19.1% in previous quarter and historical rate +23.1%)
- EBITDA -0.1% YoY (vs -0.1% in previous quarter and historical rate +29.8%)
- EBITDA margin 13.2% decreased compared to 15.8% same period last year
- Net Debt increased by 5.9 bln rubles over the past reporting period (8.8% of market cap)
- FCF (LTM) -2.7 bln RUB (negative), 4.0% of market cap
- EV/EBITDA multiple is 5.8x compared to historical level (50th percentile) of 4.7x

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2024-08-22

#MTLR #reports

Mechel reported for 2024 q2:
- Revenue -100% YoY (vs -100.0% in previous quarter and historical rate -3.8%)
- EBITDA -61.8% YoY (vs -61.8% in previous quarter and historical rate +18.8%)
- EBITDA margin 230866.7% increased compared to 18.6% same period last year
- EV/EBITDA multiple is 5.9x compared to historical level (50th percentile) of 3.8x
- EV/EBITDA expected multiple is 4.5x

Growth potential decreased by 187.3% to -160.0%

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

2024-08-22

#BELU #reports

Beluga reported for 2024 q2:
- Revenue +19.1% YoY (vs +19.1% in previous quarter and historical rate +23.1%)
- EBITDA -0.1% YoY (vs -0.1% in previous quarter and historical rate +29.8%)
- EBITDA margin 13.2% decreased compared to 15.8% same period last year
- Net Debt increased by 5.9 bln rubles over the past reporting period (8.7% of market cap)
- FCF (LTM) -2.7 bln RUB (negative), 4.0% of market cap
- EV/EBITDA multiple is 5.8x compared to historical level (50th percentile) of 4.7x

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2024-08-22

#TATN #reports

Tatneft reported for 2024 q1:
- Revenue +49.3% YoY (vs +49.3% in previous quarter and historical rate +31.0%)
- EBITDA +20.6% YoY (vs +20.6% in previous quarter and historical rate +26.1%)
- EBITDA margin 24.4% decreased compared to 30.1% same period last year
- Net Debt decreased by 19.5 bln rubles over the past reporting period (1.4% of market cap)
- FCF (LTM) +198.7 bln RUB (positive), 14.2% of market cap
- EV/EBITDA multiple is 2.9x compared to historical level (50th percentile) of 3.1x
- EV/EBITDA expected multiple is 3.8x

Growth potential decreased by 5.0% to -22.8%

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2024-08-22

#IVAT #reports

IVA Technologies reported for 2024 q2:
- Revenue +8.7% YoY (vs +53.9% in previous quarter and historical rate +95.8%)
- EBITDA -14.4% YoY (vs +43.8% in previous quarter and historical rate +109.7%)
- EBITDA margin 63.3% decreased compared to 80.4% same period last year
- EV/EBITDA multiple is 12.2x compared to historical level (50th percentile) of 12.7x

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2024-08-21

#TATN #reports

Tatneft reported for 2024 q2:
- Revenue +49.3% YoY (vs +49.3% in previous quarter and historical rate +31.0%)
- EBITDA +20.6% YoY (vs +20.6% in previous quarter and historical rate +26.1%)
- EBITDA margin 24.4% decreased compared to 30.1% same period last year
- Net Debt decreased by 19.5 bln rubles over the past reporting period (1.4% of market cap)
- FCF (LTM) +198.7 bln RUB (positive), 14.2% of market cap
- EV/EBITDA multiple is 2.9x compared to historical level (50th percentile) of 3.1x
- EV/EBITDA expected multiple is 3.7x

Growth potential decreased by 1.2% to -17.4%

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

2024-08-21

#CIAN #reports

Cian reported for 2024 q2:
- Revenue +21.4% YoY (vs +31.2% in previous quarter and historical rate +37.2%)
- EBITDA +118% YoY (vs +347.9% in previous quarter and historical rate +92.5%)
- EBITDA margin 24.7% increased compared to 13.8% same period last year
- Net Debt decreased by 6.6 bln rubles over the past reporting period (13.5% of market cap)
- FCF (LTM) +8.7 bln RUB (positive), 17.9% of market cap
- EV/EBITDA multiple is 10.8x compared to historical level (50th percentile) of 24.4x

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2024-08-20

#TCSG #reports

Tinkoff reported for 2024 q2:
- Revenue +43.2% YoY (vs +46.0% in previous quarter and historical rate +30.9%)
- Net Income +15.4% YoY (vs +37.4% in previous quarter and historical rate +45.7%)
- Net Income 19.6% decreased compared to 24.3% same period last year
- P/E multiple is 7.9x compared to historical level (50th percentile) of 13.3x

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2024-08-20

#LEAS #reports

Europlan reported for 2024 q2:
- Revenue +38.3% YoY (vs +33.7% in previous quarter and historical rate +33.9%)
- Net Income +18.3% YoY (vs +33.1% in previous quarter and historical rate +31.9%)
- Net Income 43.3% decreased compared to 50.7% same period last year
- P/E multiple is 5.9x compared to historical level (50th percentile) of 7.4x

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2024-08-19

#DELI #reports

Delimobil reported for 2024 H1:
- Revenue +46.4% YoY (vs +48.2% in previous half-year and historical rate +34.6%)
- EBITDA -0.8% YoY (vs +58.3% in previous half-year and historical rate +43.1%)
- EBITDA margin 15.4% decreased compared to 22.7% same period last year
- Net Debt increased by 3.5 bln rubles over the past reporting period (8.2% of market cap)
- FCF (LTM) -12.9 bln RUB (negative), 30.3% of market cap
- EV/EBITDA multiple is 11.8x compared to historical level (50th percentile) of 14.8x

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2024-08-16

#SVCB #reports

Sovcombank reported for 2024 q2:
- Revenue +31.5% YoY (vs +57.0% in previous quarter and historical rate +16.1%)
- Net Income -46.9% YoY (vs -5.9% in previous quarter and historical rate +23.8%)
- Net Income 33.2% decreased compared to 82.3% same period last year
- P/E multiple is 3.5x compared to historical level (50th percentile) of 3.9x

General information

Leading nickel and PGMs producer. Recently enjoys increasing demand due to grow of electric vehicles and renewables. In 2020 faced ecological problems / is likely to pay large (over $2bn) fine, which put certain pressure on the company share prices

Current market environment: positive. Prices of production are 2.8% higher compared to the last 12 months (LTM)
Prices of production are at 19.6% percentile over the past 5 years, adjusted for inflation
Dividend yield for the last twelve months 0.0%
Free cash flow yield -1.1% (LTM), projected -2.9%
Share of USD-denominated sales in revenue of the company (estimate) ≈ 100.0%
Share price is 2.9% higher than minimum and 56.3% lower than maximum for the last 3 years
The company is undervalued by EV / LTM EBITDA multiple compared to target level (5.2x vs
)
The company is undervalued by EV / projected EBITDA multiple compared to target level (
vs
)
Taking into account the impact of the key rate 19% on the change in financial parameters: EBITDA adjustment is -67 669 mln rub as NetDebt * (current key rate - normalized 7%) / 2, expected EBITDA adjusted for key rate increases is 392 902 mln rub, expected mult is 7x, target mult is 9x, potential is +49.3%

Key Financials (Download financials)

Ticker: GMKN

Share price, RUB: (+2.9%)104.96

year average price 146.42

year start price 164.32 2023-10-16

max close price 180.78 2023-11-02

min close price 102.00 2024-09-12

current price 104.96 2024-10-14

Common stocks: 15 365 000 000

Dividend Yield: 0.0%

FCF Yield LTM / expected: -1.1% / -2.9%

EV / LTM EBITDA: 5.2x

EV / EBITDA annualized: 7.3x

Production prices change from LTM: 2.8%

EV / projected EBITDA:

Target EV / EBITDA (hist percentile):

Express share price potential:

EV / LTM EBITDA mutiple calculation

Market Cap (m RUB): 1 612 710

Net Debt (m RUB): 985 650

EV (Enterprise Value): 2 598 360

EBITDA LTM (m RUB): 496 782

EV / LTM EBITDA: 5.2x

Average daily trading volume for the week, RUB mln: 1690

P / E 6.0x

P / B 0.7x

Revenue and EBITDA

Semi-Annual 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

P/B and P/E multipliers

P / B

P / E

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