Enhanced Investments - Financial Portal

2026-02-27

#ALRS #reports

Alrosa reported for 2025 q3:
- Revenue +69.2% YoY (vs +69.2% in previous quarter and historical rate -3.8%)
- EBITDA -29% YoY (vs -29.0% in previous quarter and historical rate -31.4%)
- Net Income -2.3% YoY (vs +236.5% in previous quarter and historical rate +18.0%)
- EBITDA margin 7.8% decreased compared to 18.6% same period last year
- Net Debt increased by 13.8 bln rubles since the previous report (4.7% of market cap)
- FCF (LTM) -8.1 bln RUB (negative), 2.7% of market cap
- EV/EBITDA multiple is 14.1x compared to historical level (50th percentile) of 4.9x
- EV/EBITDA expected multiple is -17.5x

Growth potential increased by 13.0% to -170.5%

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2026-02-27

#ALRS #reports

Alrosa reported for 2025 q4:
- Revenue +69.2% YoY (vs +69.2% in previous quarter and historical rate -3.8%)
- EBITDA -29% YoY (vs -29.0% in previous quarter and historical rate -31.4%)
- Net Income -2.3% YoY (vs -2.3% in previous quarter and historical rate +10.8%)
- EBITDA margin 7.8% decreased compared to 18.6% same period last year
- Net Debt increased by 13.8 bln rubles since the previous report (4.7% of market cap)
- FCF (LTM) -8.1 bln RUB (negative), 2.7% of market cap
- EV/EBITDA multiple is 14.1x compared to historical level (50th percentile) of 4.9x
- EV/EBITDA expected multiple is -17.5x

Growth potential increased by 13.0% to -170.5%

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2026-02-27

#UPRO #reports

Unipro reported for 2025 H2:
- Revenue +7.5% YoY (vs +1.8% in previous half-year and historical rate +8.3%)
- EBITDA +103.3% YoY (vs -18.1% in previous half-year and historical rate +35.7%)
- Net Income +81% YoY (vs -3.8% in previous half-year and historical rate +4.6%)
- EBITDA margin 22.9% increased compared to 12.1% same period last year
- EV/EBITDA multiple is 0.3x compared to historical level (50th percentile) of 1.5x

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2026-02-27

#LEAS #reports

Europlan reported for 2025 q4:
- Revenue -13.7% YoY (vs -2.3% in previous quarter and historical rate +21.9%)
- Net Income -39.4% YoY (vs -58.1% in previous quarter and historical rate -12.4%)
- Net Income margin 22.3% decreased compared to 31.7% same period last year
- P/E multiple is 15.5x compared to historical level (50th percentile) of 6.3x

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2026-02-27

#IRAO #reports

Inter RAO reported for 2025 q4:
- Revenue +13.2% YoY (vs +17.0% in previous quarter and historical rate +11.6%)
- EBITDA -21.5% YoY (vs +8.3% in previous quarter and historical rate +0.3%)
- Net Income -45.2% YoY (vs -1.5% in previous quarter and historical rate +7.6%)
- EBITDA margin 5.2% decreased compared to 7.4% same period last year
- Net Debt decreased by 26.7 bln rubles since the previous report (7.8% of market cap)
- FCF (LTM) -34.3 bln RUB (negative), 10.0% of market cap
- EV/EBITDA multiple is 1.2x compared to historical level (50th percentile) of 1x

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2026-02-26

#MAGN #reports

MMK reported for 2025 q4:
- Revenue -12% YoY (vs -18.6% in previous quarter and historical rate -8.7%)
- EBITDA -15.6% YoY (vs -47.2% in previous quarter and historical rate -23.9%)
- Net Income -313.9% YoY (vs -71.1% in previous quarter and historical rate -47.4%)
- EBITDA margin 13.4% decreased compared to 14.0% same period last year
- Net Debt decreased by 8.2 bln rubles since the previous report (2.3% of market cap)
- FCF (LTM) +6.5 bln RUB (positive), 1.8% of market cap
- EV/EBITDA multiple is 3.4x compared to historical level (50th percentile) of 2.2x
- EV/EBITDA expected multiple is 6.2x

Growth potential changed insignificantly and equals -51.4%

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2026-02-26

#SBER #reports

Sberbank reported for 2025 q4:
- Revenue +26.5% YoY (vs +9.6% in previous quarter and historical rate +15.0%)
- Net Income +12.9% YoY (vs +9.0% in previous quarter and historical rate +70.9%)
- Net Income margin 30.2% decreased compared to 33.8% same period last year
- P/E multiple is 4.2x compared to historical level (50th percentile) of 4.3x

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2026-02-26

#RTKM #reports

Rostelecom reported for 2025 q4:
- Revenue +15.6% YoY (vs +8.2% in previous quarter and historical rate +12.2%)
- EBITDA +19.3% YoY (vs +9.4% in previous quarter and historical rate +9.7%)
- Net Income -94.7% YoY (vs +100.0% in previous quarter and historical rate -8.1%)
- EBITDA margin 34.7% increased compared to 33.7% same period last year
- Net Debt decreased by 29.9 bln rubles since the previous report (13.1% of market cap)
- FCF (LTM) -40.5 bln RUB (negative), 17.8% of market cap
- EV/EBITDA multiple is 3x compared to historical level (50th percentile) of 3.4x

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2026-02-26

#OZON #reports

OZON reported for 2025 q4:
- Revenue +43.3% YoY (vs +68.5% in previous quarter and historical rate +54.7%)
- EBITDA +203.3% YoY (vs +222.3% in previous quarter and historical rate +102.1%)
- EBITDA margin 12.5% increased compared to 5.9% same period last year
- Net Debt increased by 47.4 bln rubles since the previous report (4.6% of market cap)
- FCF (LTM) -91.3 bln RUB (negative), 8.8% of market cap
- EV/EBITDA multiple is 10.6x compared to historical level (50th percentile) of 17.8x

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2026-02-25

#VTBR #reports

Bank VTB reported for 2025 q4:
- Revenue +67.3% YoY (vs -3.1% in previous quarter and historical rate +14.9%)
- Net Income -30.7% YoY (vs +2.2% in previous quarter and historical rate +81.9%)
- Net Income margin 49.9% decreased compared to 120.5% same period last year
- P/E multiple is 2.2x compared to historical level (50th percentile) of 1x

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2026-02-25

#BAZA #reports

Basis reported for 2025 q4:
- Revenue +233.5% YoY (vs +108.6% in previous quarter and historical rate +122.8%)
- EBITDA +340.2% YoY (vs +142.7% in previous quarter and historical rate +130.0%)
- Net Income -1.5% YoY (vs +28.1% in previous quarter and historical rate +35.4%)
- EBITDA margin 64.4% increased compared to 48.8% same period last year
- Net Debt decreased by 1.2 bln rubles since the previous report (5.0% of market cap)
- FCF (LTM) +1.1 bln RUB (positive), 4.4% of market cap
- EV/EBITDA multiple is 6.1x compared to historical level (50th percentile) of 7.5x

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2026-02-24

#GCHE #reports

Cherkizovo reported for 2025 q4:
- Revenue +15.2% YoY (vs +9.1% in previous quarter and historical rate +16.3%)
- EBITDA +111.6% YoY (vs +163.3% in previous quarter and historical rate +45.7%)
- Net Income +123.4% YoY (vs +123.4% in previous quarter and historical rate +45.2%)
- EBITDA margin 23.8% increased compared to 13.0% same period last year
- Net Debt decreased by 2 bln rubles since the previous report (1.3% of market cap)
- FCF (LTM) +5.1 bln RUB (positive), 3.4% of market cap
- EV/EBITDA multiple is 4.3x compared to historical level (50th percentile) of 7x
- EV/EBITDA expected multiple is 6x

Growth potential increased by 49.0% to +37.6%

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2026-02-18

#DOMRF #reports

DOM.RF reported for 2025 q4:
- Revenue +90.8% YoY (vs +13.4% in previous quarter and historical rate +38.7%)
- Net Income +244.7% YoY (vs -3.4% in previous quarter and historical rate +53.0%)
- Net Income margin 43.2% increased compared to 23.9% same period last year
- P/E multiple is 4.4x compared to historical level (50th percentile) of 4.5x

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2026-02-11

#GMKN #reports

Nornickel reported for 2025 H2:
- Revenue -20.7% YoY (vs +10.9% in previous half-year and historical rate +0.1%)
- EBITDA -13.5% YoY (vs +7.8% in previous half-year and historical rate -8.0%)
- Net Income +28.5% YoY (vs -2.3% in previous half-year and historical rate +5.0%)
- EBITDA margin 43.2% increased compared to 39.6% same period last year
- Net Debt decreased by 73.3 bln rubles since the previous report (3.0% of market cap)
- FCF (LTM) +165.6 bln RUB (positive), 6.7% of market cap
- EV/EBITDA multiple is 7.9x compared to historical level (50th percentile) of 6.6x
- EV/EBITDA expected multiple is 7.1x

Growth potential decreased by 30.8% to -9.2%

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2026-02-11

#NVTK #reports

Novatek reported for 2025 q3:
- Revenue -19.2% YoY (vs -19.2% in previous quarter and historical rate -10.7%)
- EBITDA +0.4% YoY (vs +0.4% in previous quarter and historical rate -12.0%)
- Net Income -76.4% YoY (vs -34.2% in previous quarter and historical rate +11.6%)
- EBITDA margin 28.1% increased compared to 22.6% same period last year
- Net Debt decreased by 73.4 bln rubles since the previous report (2.1% of market cap)
- FCF (LTM) +223 bln RUB (positive), 6.3% of market cap
- EV/EBITDA multiple is 9x compared to historical level (50th percentile) of 8.5x
- EV/EBITDA expected multiple is 127.3x

Growth potential increased by 49.9% to -94.2%

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2026-02-11

#NVTK #reports

Novatek reported for 2025 q4:
- Revenue -19.2% YoY (vs -19.2% in previous quarter and historical rate -10.7%)
- EBITDA +0.4% YoY (vs +0.4% in previous quarter and historical rate -12.0%)
- Net Income -76.4% YoY (vs -76.4% in previous quarter and historical rate +3.5%)
- EBITDA margin 28.1% increased compared to 22.6% same period last year
- Net Debt decreased by 73.4 bln rubles since the previous report (2.1% of market cap)
- FCF (LTM) +223 bln RUB (positive), 6.3% of market cap
- EV/EBITDA multiple is 9x compared to historical level (50th percentile) of 8.5x
- EV/EBITDA expected multiple is 127.3x

Growth potential increased by 49.9% to -94.2%

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2026-02-03

#CHMF #reports

Severstal reported for 2025 q4:
- Revenue +1.6% YoY (vs -18.3% in previous quarter and historical rate -0.1%)
- EBITDA -47.3% YoY (vs -45.3% in previous quarter and historical rate -15.4%)
- Net Income -153% YoY (vs -62.1% in previous quarter and historical rate -25.6%)
- EBITDA margin 13.4% decreased compared to 25.8% same period last year
- Net Debt increased by 19.1 bln rubles since the previous report (2.3% of market cap)
- FCF (LTM) -35.8 bln RUB (negative), 4.3% of market cap
- EV/EBITDA multiple is 6.3x compared to historical level (50th percentile) of 3.8x
- EV/EBITDA expected multiple is 6.7x

Growth potential decreased by 9.5% to -44.1%

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2026-01-06

#AFKS #reports

Sistema reported for 2025 q3:
- Revenue +13.4% YoY (vs +6.3% in previous quarter and historical rate +14.7%)
- EBITDA +21.1% YoY (vs +2.9% in previous quarter and historical rate +9.3%)
- EBITDA margin 28.9% increased compared to 27.1% same period last year
- Net Debt increased by 1.2 bln rubles since the previous report (1.0% of market cap)
- FCF (LTM) -202.5 bln RUB (negative), 162.1% of market cap
- EV/EBITDA multiple is 5.4x compared to historical level (50th percentile) of 7.8x

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2025-12-17

#PRMD #reports

Promomed reported for 2025 q3:
- Revenue +70.2% YoY (vs +37.4% in previous quarter and historical rate +39.6%)
- EBITDA +30.5% YoY (vs +14.1% in previous quarter and historical rate +32.5%)
- EBITDA margin 31.9% decreased compared to 41.6% same period last year
- Net Debt increased by 0.9 bln rubles since the previous report (1.1% of market cap)
- FCF (LTM) -4.4 bln RUB (negative), 5.4% of market cap
- EV/EBITDA multiple is 9.8x compared to historical level (50th percentile) of 14.3x

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2025-12-17

#OZPH #reports

Ozon Pharm reported for 2025 q3:
- Revenue +46.8% YoY (vs -18.4% in previous quarter and historical rate +19.9%)
- EBITDA +116.1% YoY (vs -43.4% in previous quarter and historical rate +34.2%)
- EBITDA margin 38.9% increased compared to 26.4% same period last year
- Net Debt increased by 0.6 bln rubles since the previous report (1.1% of market cap)
- FCF (LTM) +0.1 bln RUB (positive), 0.2% of market cap
- EV/EBITDA multiple is 5.8x compared to historical level (50th percentile) of 6.3x

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2025-12-13

#ROSN #reports

Rosneft reported for 2025 q3:
- Revenue -17.3% YoY (vs -22.6% in previous quarter and historical rate +0.6%)
- EBITDA -19.9% YoY (vs -38.2% in previous quarter and historical rate +10.5%)
- Net Income -68.7% YoY (vs -69.3% in previous quarter and historical rate +86.3%)
- EBITDA margin 24.1% decreased compared to 24.9% same period last year
- EV/EBITDA multiple is 3.3x compared to historical level (50th percentile) of 3.2x
- EV/EBITDA expected multiple is 5.3x

Growth potential increased by 25.8% to -74.1%

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2025-12-08

#BAZA #reports

Basis reported for 2025 q2:
- Revenue +108.6% YoY (vs +59.9% in previous quarter and historical rate +84.3%)
- EBITDA +142.7% YoY (vs +47.3% in previous quarter and historical rate +95.0%)
- Net Income +46.1% YoY (vs in previous quarter and historical rate +46.1%)
- EBITDA margin 58.3% increased compared to 50.1% same period last year
- Net Debt increased by 0.5 bln rubles since the previous report (2.6% of market cap)
- FCF (LTM) -0.4 bln RUB (negative), 2.0% of market cap
- EV/EBITDA multiple is 7.9x compared to historical level (50th percentile) of 0x

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2025-12-08

#BAZA #reports

Basis reported for 2025 q3:
- Revenue +108.6% YoY (vs +59.9% in previous quarter and historical rate +84.3%)
- EBITDA +142.7% YoY (vs +47.3% in previous quarter and historical rate +95.0%)
- Net Income +28.1% YoY (vs +46.1% in previous quarter and historical rate +37.1%)
- EBITDA margin 58.3% increased compared to 50.1% same period last year
- Net Debt increased by 0.5 bln rubles since the previous report (2.6% of market cap)
- FCF (LTM) -0.4 bln RUB (negative), 2.0% of market cap
- EV/EBITDA multiple is 7.9x compared to historical level (50th percentile) of 0x

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2025-12-02

#AFLT #reports

Aeroflot reported for 2025 q3:
- Revenue +0.9% YoY (vs +10.3% in previous quarter and historical rate +20.7%)
- EBITDA +116.9% YoY (vs +38.9% in previous quarter and historical rate +59.7%)
- Net Income +86.4% YoY (vs +15.2% in previous quarter and historical rate +230.9%)
- EBITDA margin 34.2% increased compared to 15.9% same period last year
- Net Debt increased by 55.6 bln rubles since the previous report (24.5% of market cap)
- FCF (LTM) +37.9 bln RUB (positive), 16.7% of market cap
- EV/EBITDA multiple is 2.7x compared to historical level (50th percentile) of 4.4x

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2025-12-01

#EELT #reports

EuroElTech reported for 2025 q3:
- Revenue -26.2% YoY (vs +32.8% in previous quarter and historical rate +13.5%)
- EBITDA -25.9% YoY (vs -3.0% in previous quarter and historical rate +21.4%)
- Net Income -17.6% YoY (vs -47.5% in previous quarter and historical rate +2.5%)
- EBITDA margin 19.5% has not changed compared to 19.5% same period last year
- Net Debt decreased by 0.2 bln rubles since the previous report (4.0% of market cap)
- FCF (LTM) +1.1 bln RUB (positive), 18.0% of market cap
- EV/EBITDA multiple is 6.8x compared to historical level (50th percentile) of 5.7x

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2025-11-28

#SFIN #reports

SFI Holding reported for 2025 q3:
- Revenue -95.5% YoY (vs +1.3% in previous quarter and historical rate +28.7%)
- Net Income -79.5% YoY (vs -58.0% in previous quarter and historical rate +45.4%)
- Net Income margin 124.9% increased compared to 27.6% same period last year
- P/E multiple is 7.5x compared to historical level (50th percentile) of 3.6x

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2025-11-28

#MRKU #reports

IDGC Ural reported for 2025 q3:
- Revenue +15.4% YoY (vs +7.2% in previous quarter and historical rate +9.6%)
- EBITDA +29.9% YoY (vs -20.5% in previous quarter and historical rate +30.1%)
- Net Income +57.7% YoY (vs -45.4% in previous quarter and historical rate +56.1%)
- EBITDA margin 26.5% increased compared to 23.5% same period last year
- Net Debt increased by 0.1 bln rubles since the previous report (0.3% of market cap)
- FCF (LTM) -4.1 bln RUB (negative), 11.3% of market cap
- EV/EBITDA multiple is 2.4x compared to historical level (50th percentile) of 2.4x

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2025-11-28

#GAZP #reports

Gazprom reported for 2025 q3:
- Revenue -10.9% YoY (vs -14.3% in previous quarter and historical rate -3.2%)
- EBITDA +32.9% YoY (vs -6.6% in previous quarter and historical rate +2.3%)
- Net Income +100% YoY (vs -18.8% in previous quarter and historical rate -41.2%)
- EBITDA margin 41.7% increased compared to 27.9% same period last year
- Net Debt increased by 164.5 bln rubles since the previous report (5.5% of market cap)
- FCF (LTM) -813.8 bln RUB (negative), 27.3% of market cap
- EV/EBITDA multiple is 3.4x compared to historical level (50th percentile) of 4x
- EV/EBITDA expected multiple is 5.2x

Growth potential increased by 51.4% to -76.0%

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2025-11-28

#TRNFP #reports

Transneft (pref) reported for 2025 q3:
- Revenue +1.9% YoY (vs +2.8% in previous quarter and historical rate +7.1%)
- EBITDA +32.1% YoY (vs +7.1% in previous quarter and historical rate +3.5%)
- Net Income -2.5% YoY (vs -2.9% in previous quarter and historical rate -8.0%)
- EBITDA margin 39.3% increased compared to 30.3% same period last year
- Net Debt increased by 65 bln rubles since the previous report (6.9% of market cap)
- FCF (LTM) -105.5 bln RUB (negative), 11.1% of market cap
- EV/EBITDA multiple is 1.5x compared to historical level (50th percentile) of 1.4x

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2025-11-28

#SIBN #reports

Gazprom Neft reported for 2025 q3:
- Revenue -10.8% YoY (vs -15.1% in previous quarter and historical rate +3.7%)
- EBITDA -18% YoY (vs -30.4% in previous quarter and historical rate -5.1%)
- Net Income +39.2% YoY (vs -64.8% in previous quarter and historical rate +12.1%)
- EBITDA margin 24.9% decreased compared to 27.1% same period last year
- EV/EBITDA multiple is 3.9x compared to historical level (50th percentile) of 3.7x
- EV/EBITDA expected multiple is 6.9x

Growth potential increased by 29.4% to -74.5%

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2025-11-28

#NMTP #reports

NMTP reported for 2025 q3:
- Revenue +8.4% YoY (vs -2.3% in previous quarter and historical rate +8.9%)
- EBITDA +9.6% YoY (vs -1.4% in previous quarter and historical rate +10.7%)
- Net Income +19.5% YoY (vs +1.8% in previous quarter and historical rate +8.6%)
- EBITDA margin 62.4% increased compared to 61.7% same period last year
- Net Debt increased by 11.9 bln rubles since the previous report (7.2% of market cap)
- FCF (LTM) +29.9 bln RUB (positive), 18.0% of market cap
- EV/EBITDA multiple is 3x compared to historical level (50th percentile) of 3.3x

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2025-11-28

#MRKY #reports

IDGC South reported for 2025 q3:
- Revenue +44% YoY (vs +47.8% in previous quarter and historical rate +15.9%)
- EBITDA +32.1% YoY (vs +22.7% in previous quarter and historical rate +66.8%)
- Net Income +101.8% YoY (vs -30.1% in previous quarter and historical rate +79.5%)
- EBITDA margin 20.1% decreased compared to 21.9% same period last year
- Net Debt decreased by 2 bln rubles since the previous report (31.3% of market cap)
- FCF (LTM) +0.3 bln RUB (positive), 5.1% of market cap
- EV/EBITDA multiple is 1.6x compared to historical level (50th percentile) of 2.9x

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2025-11-28

#AKRN #reports

Acron reported for 2025 q3:
- Revenue +13.5% YoY (vs +29.1% in previous quarter and historical rate +2.9%)
- EBITDA +7.2% YoY (vs +42.1% in previous quarter and historical rate +0.3%)
- Net Income +331.8% YoY (vs +29.0% in previous quarter and historical rate +61.5%)
- EBITDA margin 36.4% decreased compared to 38.5% same period last year
- Net Debt increased by 6 bln rubles since the previous report (0.8% of market cap)
- FCF (LTM) +6.2 bln RUB (positive), 0.8% of market cap
- EV/EBITDA multiple is 11.9x compared to historical level (50th percentile) of 10.2x
- EV/EBITDA expected multiple is 16.2x

Growth potential decreased by 1.7% to -51.6%

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2025-11-27

#GCHE #reports

Cherkizovo reported for 2025 q3:
- Revenue +9.1% YoY (vs +10.5% in previous quarter and historical rate +15.5%)
- EBITDA +163.3% YoY (vs -11.6% in previous quarter and historical rate +35.6%)
- EBITDA margin 31.3% increased compared to 13.0% same period last year
- Net Debt decreased by 7.8 bln rubles since the previous report (5.9% of market cap)
- FCF (LTM) -7.4 bln RUB (negative), 5.5% of market cap
- EV/EBITDA multiple is 4.8x compared to historical level (50th percentile) of 7x
- EV/EBITDA expected multiple is 9.3x

Growth potential increased by 66.3% to -49.6%

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2025-11-27

#HYDR #reports

Rushydro reported for 2025 q3:
- Revenue +12.1% YoY (vs +16.4% in previous quarter and historical rate +15.9%)
- EBITDA -5.5% YoY (vs +35.6% in previous quarter and historical rate +42.1%)
- Net Income -888.9% YoY (vs +79.3% in previous quarter and historical rate -101.2%)
- EBITDA margin 22.4% decreased compared to 26.6% same period last year
- Net Debt increased by 68.4 bln rubles since the previous report (39.8% of market cap)
- FCF (LTM) -211.1 bln RUB (negative), 122.8% of market cap
- EV/EBITDA multiple is 4.6x compared to historical level (50th percentile) of 6x

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2025-11-27

#SGZH #reports

Segezha Group reported for 2025 q3:
- Revenue -13.2% YoY (vs -22.4% in previous quarter and historical rate -1.9%)
- EBITDA -81.6% YoY (vs -257.9% in previous quarter and historical rate -34.7%)
- EBITDA margin 2.2% decreased compared to 10.6% same period last year
- Net Debt increased by 2.6 bln rubles since the previous report (2.7% of market cap)
- FCF (LTM) -27.6 bln RUB (negative), 29.1% of market cap
- EV/EBITDA multiple is -164.2x compared to historical level (50th percentile) of 30.7x
- EV/EBITDA expected multiple is -9.1x

Growth potential increased by 40.8% to -365.9%

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2025-11-27

#ASTR #reports

Astra reported for 2025 q3:
- Revenue +4% YoY (vs +13.3% in previous quarter and historical rate +88.2%)
- EBITDA +49.7% YoY (vs +20.5% in previous quarter and historical rate +93.6%)
- Net Income -74% YoY (vs -60.4% in previous quarter and historical rate +51.5%)
- EBITDA margin 41.9% increased compared to 29.1% same period last year
- Net Debt increased by 0.6 bln rubles since the previous report (1.0% of market cap)
- FCF (LTM) +2.3 bln RUB (positive), 3.7% of market cap
- EV/EBITDA multiple is 8x compared to historical level (50th percentile) of 24.1x

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2025-11-26

#MRKV #reports

IDGC Volga reported for 2025 q3:
- Revenue +55.4% YoY (vs +53.7% in previous quarter and historical rate +23.7%)
- EBITDA +66.7% YoY (vs +116.9% in previous quarter and historical rate +31.4%)
- Net Income +132.2% YoY (vs +100.0% in previous quarter and historical rate +69.9%)
- EBITDA margin 17.8% increased compared to 16.6% same period last year
- Net Debt decreased by 1.4 bln rubles since the previous report (5.7% of market cap)
- FCF (LTM) +4.8 bln RUB (positive), 19.8% of market cap
- EV/EBITDA multiple is 1.3x compared to historical level (50th percentile) of 1.5x

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2025-11-26

#MOEX #reports

MOEX reported for 2025 q3:
- Revenue -12.6% YoY (vs -11.6% in previous quarter and historical rate +30.8%)
- Net Income -25.1% YoY (vs -22.8% in previous quarter and historical rate +31.4%)
- Net Income margin 49.9% decreased compared to 58.2% same period last year
- P/E multiple is 6.3x compared to historical level (50th percentile) of 6.5x

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

2025-11-26

#DIAS #reports

Diasoft reported for 2025 q3:
- Revenue -4.8% YoY (vs -4.8% in previous quarter and historical rate +13.6%)
- EBITDA -59.4% YoY (vs -59.4% in previous quarter and historical rate -2.9%)
- EBITDA margin 9.8% decreased compared to 23.0% same period last year
- Net Debt increased by 0.8 bln rubles since the previous report (4.1% of market cap)
- FCF (LTM) +0.7 bln RUB (positive), 3.7% of market cap
- EV/EBITDA multiple is 8.4x compared to historical level (50th percentile) of 12.1x

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

2025-11-25

#CNRU #reports

Cian reported for 2025 q3:
- Revenue +28.8% YoY (vs +11.5% in previous quarter and historical rate +24.6%)
- EBITDA +250.5% YoY (vs 0.0% in previous quarter and historical rate +84.2%)
- EBITDA margin 25.5% increased compared to 9.4% same period last year
- Net Debt decreased by 6.8 bln rubles since the previous report (14.4% of market cap)
- FCF (LTM) +6.7 bln RUB (positive), 14.2% of market cap
- EV/EBITDA multiple is 11.5x compared to historical level (50th percentile) of 16.7x

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2025-11-24

#MRKZ #reports

IDGC North West reported for 2025 q3:
- Revenue +34.5% YoY (vs +26.2% in previous quarter and historical rate +18.3%)
- EBITDA +124.1% YoY (vs -33.8% in previous quarter and historical rate +50.1%)
- Net Income +100% YoY (vs -1927.2% in previous quarter and historical rate -137.4%)
- EBITDA margin 11.6% increased compared to 7.0% same period last year
- Net Debt increased by 0.4 bln rubles since the previous report (4.0% of market cap)
- FCF (LTM) +4.8 bln RUB (positive), 55.1% of market cap
- EV/EBITDA multiple is 1.5x compared to historical level (50th percentile) of 3.3x

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2025-11-21

#MSRS #reports

Rosseti Moscow Region reported for 2025 q3:
- Revenue +18.1% YoY (vs +12.0% in previous quarter and historical rate +11.0%)
- Net Income +24% YoY (vs +21.3% in previous quarter and historical rate +31.4%)
- EBITDA margin 32.8% increased compared to -72.0% same period last year
- Net Debt increased by 7.8 bln rubles since the previous report (11.6% of market cap)
- FCF (LTM) -22.3 bln RUB (negative), 33.4% of market cap

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

2025-11-21

#BSPB #reports

Bank Sankt-Peterburg reported for 2025 q3:
- Revenue -2.8% YoY (vs +1.7% in previous quarter and historical rate +11.2%)
- Net Income -33.9% YoY (vs -19.2% in previous quarter and historical rate +26.2%)
- Net Income margin 37.5% decreased compared to 55.2% same period last year
- P/E multiple is 2.7x compared to historical level (50th percentile) of 2.5x

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2025-11-20

#PHOR #reports

Phosagro reported for 2025 q3:
- Revenue +10.6% YoY (vs +13.8% in previous quarter and historical rate +2.5%)
- EBITDA +12.1% YoY (vs +17.4% in previous quarter and historical rate -6.4%)
- Net Income +77.6% YoY (vs -19.7% in previous quarter and historical rate +8.3%)
- EBITDA margin 35.7% increased compared to 35.2% same period last year
- Net Debt increased by 38.7 bln rubles since the previous report (4.5% of market cap)
- FCF (LTM) +11.2 bln RUB (positive), 1.3% of market cap
- EV/EBITDA multiple is 5.8x compared to historical level (50th percentile) of 6x
- EV/EBITDA expected multiple is 7.4x

Growth potential decreased by 11.7% to -26.1%

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2025-11-20

#RENI #reports

Renessans reported for 2025 q3:
- Revenue +32.5% YoY (vs +28.1% in previous quarter and historical rate +25.3%)
- Net Income -38% YoY (vs +111.5% in previous quarter and historical rate +41.8%)
- Net Income margin 3.7% decreased compared to 7.8% same period last year
- P/E multiple is 4.2x compared to historical level (50th percentile) of 4.4x

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2025-11-19

#LEAS #reports

Europlan reported for 2025 q3:
- Revenue -2.3% YoY (vs +4.7% in previous quarter and historical rate +25.4%)
- Net Income -58.1% YoY (vs -88.5% in previous quarter and historical rate -6.5%)
- Net Income margin 9.7% decreased compared to 22.7% same period last year
- P/E multiple is 10.5x compared to historical level (50th percentile) of 6x

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2025-11-17

#VSEH #reports

VseInstrumenti reported for 2025 q3:
- Revenue +7.4% YoY (vs +10.3% in previous quarter and historical rate +35.0%)
- EBITDA +28.4% YoY (vs +106.8% in previous quarter and historical rate +42.6%)
- Net Income +100% YoY (vs +100.0% in previous quarter and historical rate -25.9%)
- EBITDA margin 9.6% increased compared to 8.0% same period last year
- Net Debt increased by 15.7 bln rubles since the previous report (46.5% of market cap)
- FCF (LTM) -10.9 bln RUB (negative), 32.2% of market cap
- EV/EBITDA multiple is 5x compared to historical level (50th percentile) of 7.3x

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2025-11-14

#IRAO #reports

Inter RAO reported for 2025 q3:
- Revenue +17% YoY (vs +12.2% in previous quarter and historical rate +11.5%)
- EBITDA +8.3% YoY (vs +28.3% in previous quarter and historical rate +1.8%)
- Net Income -1.5% YoY (vs +13.2% in previous quarter and historical rate +21.8%)
- EBITDA margin 8.0% decreased compared to 8.7% same period last year
- Net Debt increased by 67.4 bln rubles since the previous report (22.9% of market cap)
- FCF (LTM) +75.5 bln RUB (positive), 25.7% of market cap
- EV/EBITDA multiple is 1x compared to historical level (50th percentile) of 0.9x

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2025-11-14

#DOMRF #reports

DOM.RF reported for 2025 q2:
- Revenue +13.4% YoY (vs +44.7% in previous quarter and historical rate +32.9%)
- Net Income -3.4% YoY (vs +35.2% in previous quarter and historical rate +35.5%)
- Net Income margin 44.9% decreased compared to 52.7% same period last year
- P/E multiple is 3.9x compared to historical level (50th percentile) of 0x

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2025-11-14

#DOMRF #reports

DOM.RF reported for 2025 q3:
- Revenue +13.4% YoY (vs +44.7% in previous quarter and historical rate +32.9%)
- Net Income -3.4% YoY (vs +35.2% in previous quarter and historical rate +35.5%)
- Net Income margin 44.9% decreased compared to 52.7% same period last year
- P/E multiple is 3.9x compared to historical level (50th percentile) of 0x

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2025-11-14

#FLOT #reports

SCF Group reported for 2025 q3:
- Revenue -39.6% YoY (vs -35.9% in previous quarter and historical rate +11.4%)
- EBITDA -71.6% YoY (vs -59.5% in previous quarter and historical rate +11.8%)
- Net Income -81.5% YoY (vs -133.8% in previous quarter and historical rate -65.3%)
- EBITDA margin 27.1% decreased compared to 57.5% same period last year
- Net Debt decreased by 11.5 bln rubles since the previous report (6.7% of market cap)
- FCF (LTM) +31 bln RUB (positive), 18.2% of market cap
- EV/EBITDA multiple is 3.2x compared to historical level (50th percentile) of 2.5x
- EV/EBITDA expected multiple is 2.2x

Growth potential decreased by 24.1% to +7.2%

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2025-11-14

#SELG #reports

Seligdar reported for 2025 q3:
- Revenue +51% YoY (vs +36.3% in previous quarter and historical rate +36.3%)
- EBITDA +34.2% YoY (vs +4.8% in previous quarter and historical rate +27.1%)
- Net Income +11.9% YoY (vs +58.8% in previous quarter and historical rate -57.6%)
- EBITDA margin 37.3% decreased compared to 42.0% same period last year
- Net Debt increased by 40 bln rubles since the previous report (87.3% of market cap)
- FCF (LTM) -56.8 bln RUB (negative), 124.0% of market cap
- EV/EBITDA multiple is 7.1x compared to historical level (50th percentile) of 8.7x
- EV/EBITDA expected multiple is 10.1x

Growth potential decreased by 76.1% to -50.4%

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

2025-11-14

#SVCB #reports

Sovcombank reported for 2025 q3:
- Revenue +75.9% YoY (vs -30.7% in previous quarter and historical rate +18.2%)
- Net Income +0.2% YoY (vs -63.5% in previous quarter and historical rate +41.6%)
- Net Income margin 28.6% decreased compared to 50.1% same period last year
- P/E multiple is 4.7x compared to historical level (50th percentile) of 3.9x

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2025-11-14

#HEAD #reports

Head Hunter reported for 2025 q3:
- Revenue +1.9% YoY (vs +3.3% in previous quarter and historical rate +35.3%)
- EBITDA -5.4% YoY (vs -6.7% in previous quarter and historical rate +41.7%)
- EBITDA margin 60.0% decreased compared to 64.6% same period last year
- Net Debt decreased by 3.9 bln rubles since the previous report (2.8% of market cap)
- FCF (LTM) +17.6 bln RUB (positive), 12.5% of market cap
- EV/EBITDA multiple is 6x compared to historical level (50th percentile) of 7.9x

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2025-11-13

#RTKM #reports

Rostelecom reported for 2025 q3:
- Revenue +8.2% YoY (vs +13.5% in previous quarter and historical rate +11.7%)
- EBITDA +9.4% YoY (vs +11.3% in previous quarter and historical rate +9.0%)
- Net Income +100% YoY (vs -55.4% in previous quarter and historical rate +69.5%)
- EBITDA margin 38.5% increased compared to 38.1% same period last year
- Net Debt increased by 21.3 bln rubles since the previous report (12.9% of market cap)
- FCF (LTM) -91.9 bln RUB (negative), 55.7% of market cap
- EV/EBITDA multiple is 3.1x compared to historical level (50th percentile) of 3.4x

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2025-11-13

#MTSS #reports

MTS reported for 2025 q3:
- Revenue +18.5% YoY (vs +14.4% in previous quarter and historical rate +12.9%)
- EBITDA +17.4% YoY (vs +11.2% in previous quarter and historical rate +6.6%)
- EBITDA margin 29.6% decreased compared to 29.9% same period last year
- Net Debt decreased by 4.1 bln rubles since the previous report (1.2% of market cap)
- FCF (LTM) +10.6 bln RUB (positive), 3.0% of market cap
- EV/EBITDA multiple is 3.6x compared to historical level (50th percentile) of 4.4x

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2025-11-13

#MBNK #reports

MTS Bank reported for 2025 q3:
- Revenue +212% YoY (vs -6.3% in previous quarter and historical rate +37.5%)
- Net Income +190.2% YoY (vs -36.1% in previous quarter and historical rate +59.9%)
- Net Income margin 20.7% decreased compared to 22.3% same period last year
- P/E multiple is 2.9x compared to historical level (50th percentile) of 4.3x

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2025-11-11

#POSI #reports

Positive reported for 2025 q3:
- Revenue -6.4% YoY (vs +42.0% in previous quarter and historical rate +29.7%)
- EBITDA +681.6% YoY (vs -90100.0% in previous quarter and historical rate -11.3%)
- Net Income +11.1% YoY (vs +23.8% in previous quarter and historical rate -482.1%)
- EBITDA margin 14.3% increased compared to 1.7% same period last year
- Net Debt increased by 3.2 bln rubles since the previous report (4.3% of market cap)
- FCF (LTM) -6.1 bln RUB (negative), 8.3% of market cap
- EV/EBITDA multiple is 11.6x compared to historical level (50th percentile) of 19.6x

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2025-11-10

#OZON #reports

OZON reported for 2025 q3:
- Revenue +68.5% YoY (vs +86.6% in previous quarter and historical rate +54.6%)
- EBITDA +222.3% YoY (vs +3536000.0% in previous quarter and historical rate +102.1%)
- EBITDA margin 13.1% increased compared to 6.9% same period last year
- Net Debt increased by 27.6 bln rubles since the previous report (3.2% of market cap)
- FCF (LTM) -92.3 bln RUB (negative), 10.7% of market cap
- EV/EBITDA multiple is 11.1x compared to historical level (50th percentile) of 38.9x

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2025-11-02

#INN7729355614 #reports

DOM.RF reported for 2025 q3:
- Revenue +13.4% YoY (vs +44.7% in previous quarter and historical rate +32.9%)
- Net Income -3.4% YoY (vs +35.2% in previous quarter and historical rate +35.5%)
- Net Income margin 44.9% decreased compared to 52.7% same period last year
- P/E multiple is 3.2x compared to historical level (50th percentile) of 0x

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

2025-10-31

#GLRX #reports

GLORAX reported for 2025 H1:
- Revenue +45.3% YoY (vs +189.3% in previous half-year and historical rate +118.3%)
- EBITDA +57.7% YoY (vs +140.3% in previous half-year and historical rate +132.3%)
- Net Income +272.7% YoY (vs +32.4% in previous half-year and historical rate +159.4%)
- EBITDA margin 36.7% increased compared to 33.8% same period last year
- Net Debt increased by 11.8 bln rubles since the previous report (75.6% of market cap)
- FCF (LTM) +1.1 bln RUB (positive), 6.8% of market cap
- EV/EBITDA multiple is 6.8x compared to historical level (50th percentile) of 0x

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2025-10-31

#LENT #reports

Lenta reported for 2025 q3:
- Revenue +26.8% YoY (vs +25.3% in previous quarter and historical rate +28.0%)
- EBITDA +15.5% YoY (vs +32.9% in previous quarter and historical rate +48.7%)
- EBITDA margin 7.3% decreased compared to 8.1% same period last year
- Net Debt increased by 2.4 bln rubles since the previous report (1.2% of market cap)
- FCF (LTM) +20.8 bln RUB (positive), 10.6% of market cap
- EV/EBITDA multiple is 3.4x compared to historical level (50th percentile) of 4.2x

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2025-10-30

#ELFV #reports

EL5-Energo reported for 2025 q3:
- Revenue +28.3% YoY (vs +21.8% in previous quarter and historical rate +17.0%)
- Net Income +23.6% YoY (vs -3.0% in previous quarter and historical rate -769.5%)
- EBITDA margin 21.1% increased compared to -13.4% same period last year
- Net Debt decreased by 2.8 bln rubles since the previous report (17.2% of market cap)
- FCF (LTM) +6.4 bln RUB (positive), 39.5% of market cap

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2025-10-30

#ZAYM #reports

Zaymer reported for 2025 q3:
- Revenue +18.5% YoY (vs +28.2% in previous quarter and historical rate +8.2%)
- Net Income +31% YoY (vs -21.4% in previous quarter and historical rate +6.8%)
- Net Income margin 23.2% increased compared to 21.0% same period last year
- P/E multiple is 3.2x compared to historical level (50th percentile) of 3.6x

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2025-10-28

#SBER #reports

Sberbank reported for 2025 q3:
- Revenue +9.6% YoY (vs +9.8% in previous quarter and historical rate +12.8%)
- Net Income +9% YoY (vs +1.0% in previous quarter and historical rate +63.7%)
- Net Income margin 37.1% decreased compared to 37.3% same period last year
- P/E multiple is 3.9x compared to historical level (50th percentile) of 4.4x

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2025-10-27

#X5 #reports

X5 Retail Group reported for 2025 q3:
- Revenue +18.5% YoY (vs +21.6% in previous quarter and historical rate +21.4%)
- EBITDA +0.6% YoY (vs +0.9% in previous quarter and historical rate +11.4%)
- EBITDA margin 6.2% decreased compared to 7.3% same period last year
- Net Debt increased by 157.2 bln rubles since the previous report (22.8% of market cap)
- FCF (LTM) -60.8 bln RUB (negative), 8.8% of market cap
- EV/EBITDA multiple is 3.7x compared to historical level (50th percentile) of 3.4x

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2025-10-27

#VTBR #reports

Bank VTB reported for 2025 q3:
- Revenue -3.1% YoY (vs -14.4% in previous quarter and historical rate +6.1%)
- Net Income +2.2% YoY (vs -9.7% in previous quarter and historical rate +67.8%)
- Net Income margin 49.6% increased compared to 47.0% same period last year
- P/E multiple is 1.6x compared to historical level (50th percentile) of 1x

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2025-10-23

#MAGN #reports

MMK reported for 2025 q3:
- Revenue -18.6% YoY (vs -31.0% in previous quarter and historical rate -9.7%)
- EBITDA -47.2% YoY (vs -56.1% in previous quarter and historical rate -25.2%)
- Net Income -71.1% YoY (vs -90.7% in previous quarter and historical rate -22.9%)
- EBITDA margin 12.9% decreased compared to 19.9% same period last year
- Net Debt decreased by 2.7 bln rubles since the previous report (1.0% of market cap)
- FCF (LTM) +34.2 bln RUB (positive), 12.1% of market cap
- EV/EBITDA multiple is 2.5x compared to historical level (50th percentile) of 2.1x
- EV/EBITDA expected multiple is 2.7x

Growth potential decreased by 8.3% to -16.3%

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

2025-10-20

#INN7729355614 #reports

DOM.RF reported for 2025 q2:
- Revenue +44.7% YoY (vs +24.2% in previous quarter and historical rate +34.6%)
- Net Income +35.2% YoY (vs -6.4% in previous quarter and historical rate +39.1%)
- Net Income margin 50.3% decreased compared to 53.9% same period last year
- P/E multiple is 3.2x compared to historical level (50th percentile) of 0x

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2025-10-20

#CHMF #reports

Severstal reported for 2025 q3:
- Revenue -18.3% YoY (vs -15.9% in previous quarter and historical rate -2.3%)
- EBITDA -45.3% YoY (vs -36.6% in previous quarter and historical rate -15.1%)
- Net Income -62.1% YoY (vs -55.4% in previous quarter and historical rate -17.8%)
- EBITDA margin 19.4% decreased compared to 29.0% same period last year
- Net Debt decreased by 4.3 bln rubles since the previous report (0.6% of market cap)
- FCF (LTM) -63.9 bln RUB (negative), 8.2% of market cap
- EV/EBITDA multiple is 4.9x compared to historical level (50th percentile) of 3.6x
- EV/EBITDA expected multiple is 4.6x

Growth potential decreased by 10.4% to -19.2%

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

2025-09-30

#LMBZ #reports

Lambumiz reported for 2025 H1:
- Revenue -3% YoY (vs -0.5% in previous half-year and historical rate +22.0%)
- EBITDA -1.9% YoY (vs -18.7% in previous half-year and historical rate +88.0%)
- EBITDA margin 11.0% increased compared to 10.9% same period last year
- Net Debt increased by 0 bln rubles since the previous report (0.1% of market cap)
- FCF (LTM) +0.5 bln RUB (positive), 4.9% of market cap
- EV/EBITDA multiple is 26.7x compared to historical level (50th percentile) of 23.2x

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

2025-09-29

#RZSB #reports

Ryazanenergosbyt (RESK) reported for 2025 H1:
- Revenue +7.9% YoY (vs +5.9% in previous half-year and historical rate +6.4%)
- EBITDA -3.2% YoY (vs -22.3% in previous half-year and historical rate +9.0%)
- Net Income -6% YoY (vs -8.9% in previous half-year and historical rate +27.4%)
- EBITDA margin 7.7% decreased compared to 8.6% same period last year
- EV/EBITDA multiple is -0.7x compared to historical level (50th percentile) of 0x

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

2025-09-29

#INN6229049014 #reports

Ryazanenergosbyt (RESK) reported for 2025 H1:
- Revenue +7.9% YoY (vs +5.9% in previous half-year and historical rate +6.4%)
- EBITDA -3.2% YoY (vs -22.3% in previous half-year and historical rate +9.0%)
- Net Income -6% YoY (vs -8.9% in previous half-year and historical rate +27.4%)
- EBITDA margin 7.7% decreased compared to 8.6% same period last year
- EV/EBITDA multiple is -0.7x compared to historical level (50th percentile) of 0x

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2025-09-29

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2025-09-29

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2025-09-29

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2025-09-17

#ETLN #reports

Etalon reported for 2025 H1:
- Revenue +35% YoY (vs +31.4% in previous half-year and historical rate +26.6%)
- EBITDA +42.8% YoY (vs +73.9% in previous half-year and historical rate +39.9%)
- Net Income -497.2% YoY (vs -333.0% in previous half-year and historical rate -169.2%)
- EBITDA margin 20.2% increased compared to 19.1% same period last year
- Net Debt increased by 27.3 bln rubles since the previous report (170.5% of market cap)
- FCF (LTM) -54.3 bln RUB (negative), 338.4% of market cap
- EV/EBITDA multiple is 7.4x compared to historical level (50th percentile) of 12.8x
- EV/EBITDA expected multiple is 7.2x

Growth potential decreased by 85.8% to +41.8%

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

2025-09-09

#TNSE #reports

TNS energy reported for 2025 H1:
- Revenue +10.8% YoY (vs +14.0% in previous half-year and historical rate +7.5%)
- EBITDA +7.2% YoY (vs -57.8% in previous half-year and historical rate +11.6%)
- Net Income +100% YoY (vs +635.1% in previous half-year and historical rate +118.5%)
- EBITDA margin 7.8% decreased compared to 8.0% same period last year
- Net Debt decreased by 4.5 bln rubles since the previous report (10.1% of market cap)
- FCF (LTM) +15 bln RUB (positive), 33.8% of market cap
- EV/EBITDA multiple is 1.8x compared to historical level (50th percentile) of 1.5x

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2025-09-01

#TGKN #reports

TGK-14 reported for 2025 H1:
- Revenue +14.6% YoY (vs +16.4% in previous half-year and historical rate +15.3%)
- EBITDA +13.9% YoY (vs +54.5% in previous half-year and historical rate +54.8%)
- Net Income -37.1% YoY (vs +42.8% in previous half-year and historical rate -21.2%)
- EBITDA margin 14.6% has not changed compared to 14.7% same period last year
- Net Debt increased by 5.3 bln rubles since the previous report (60.9% of market cap)
- FCF (LTM) -5.4 bln RUB (negative), 62.7% of market cap
- EV/EBITDA multiple is 5x compared to historical level (50th percentile) of 5.7x

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

2025-09-01

#ROSN #reports

Rosneft reported for 2025 q2:
- Revenue -22.6% YoY (vs -11.2% in previous quarter and historical rate +0.7%)
- EBITDA -38.2% YoY (vs -26.2% in previous quarter and historical rate +7.2%)
- Net Income -69.3% YoY (vs -43.0% in previous quarter and historical rate +158.7%)
- EBITDA margin 22.8% decreased compared to 28.6% same period last year
- EV/EBITDA multiple is 3.4x compared to historical level (50th percentile) of 3.1x
- EV/EBITDA expected multiple is 5.4x

Growth potential increased by 7.0% to -91.7%

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

2025-08-30

#MTLR #reports

Mechel reported for 2025 q1:
- Revenue -26.1% YoY (vs -26.1% in previous quarter and historical rate -9.8%)
- EBITDA -194.5% YoY (vs -194.5% in previous quarter and historical rate -67.1%)
- Net Income -144582.1% YoY (vs -239.5% in previous quarter and historical rate -41495.6%)
- EBITDA margin -8.6% decreased compared to 6.7% same period last year
- Net Debt decreased by 3.2 bln rubles since the previous report (7.2% of market cap)
- FCF (LTM) +7.2 bln RUB (positive), 15.9% of market cap
- EV/EBITDA multiple is 58.1x compared to historical level (50th percentile) of 5.9x
- EV/EBITDA expected multiple is 53.3x

Growth potential decreased by 330.0% to -813.2%

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

2025-08-30

#MTLR #reports

Mechel reported for 2025 q2:
- Revenue -26.1% YoY (vs -26.1% in previous quarter and historical rate -9.8%)
- EBITDA -194.5% YoY (vs -194.5% in previous quarter and historical rate -67.1%)
- Net Income -153.5% YoY (vs -144582.1% in previous quarter and historical rate -41523.7%)
- EBITDA margin -8.6% decreased compared to 6.7% same period last year
- Net Debt decreased by 3.2 bln rubles since the previous report (7.2% of market cap)
- FCF (LTM) +7.2 bln RUB (positive), 15.9% of market cap
- EV/EBITDA multiple is 58.2x compared to historical level (50th percentile) of 5.9x
- EV/EBITDA expected multiple is 53.3x

Growth potential decreased by 329.9% to -813.1%

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

2025-08-29

#LSNG #reports

Lenenergo reported for 2025 H1:
- Revenue -47.3% YoY (vs +13.2% in previous half-year and historical rate +1.9%)
- EBITDA -35.5% YoY (vs -38.7% in previous half-year and historical rate +14.9%)
- Net Income +5.5% YoY (vs -66.2% in previous half-year and historical rate +33.1%)
- EBITDA margin 64.2% increased compared to 52.4% same period last year
- Net Debt decreased by 11.9 bln rubles since the previous report (7.1% of market cap)
- FCF (LTM) +18.8 bln RUB (positive), 11.3% of market cap
- EV/EBITDA multiple is 4.8x compared to historical level (50th percentile) of 3.3x

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

2025-08-29

#MGNT #reports

Magnit reported for 2025 q1:
- Revenue +14.6% YoY (vs +14.6% in previous quarter and historical rate +14.7%)
- EBITDA +9.3% YoY (vs +9.3% in previous quarter and historical rate +5.5%)
- Net Income -99.1% YoY (vs -14.5% in previous quarter and historical rate +11.4%)
- EBITDA margin 5.0% decreased compared to 5.3% same period last year
- Net Debt increased by 375 bln rubles since the previous report (143.2% of market cap)
- FCF (LTM) -756.2 bln RUB (negative), 288.7% of market cap
- EV/EBITDA multiple is 7.1x compared to historical level (50th percentile) of 3.8x

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

2025-08-29

#BELU #reports

Beluga reported for 2025 q1:
- Revenue +48% YoY (vs +48.0% in previous quarter and historical rate +32.4%)
- EBITDA +22% YoY (vs +22.0% in previous quarter and historical rate +14.8%)
- Net Income +4.2% YoY (vs -45.3% in previous quarter and historical rate +19.3%)
- EBITDA margin 10.9% decreased compared to 13.2% same period last year
- Net Debt increased by 1.1 bln rubles since the previous report (2.7% of market cap)
- FCF (LTM) +12.5 bln RUB (positive), 30.2% of market cap
- EV/EBITDA multiple is 3.9x compared to historical level (50th percentile) of 5.1x

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

2025-08-29

#MGNT #reports

Magnit reported for 2025 q2:
- Revenue +14.6% YoY (vs +14.6% in previous quarter and historical rate +14.7%)
- EBITDA +9.3% YoY (vs +9.3% in previous quarter and historical rate +5.5%)
- Net Income -99.1% YoY (vs -99.1% in previous quarter and historical rate +0.5%)
- EBITDA margin 5.0% decreased compared to 5.3% same period last year
- Net Debt increased by 375 bln rubles since the previous report (142.6% of market cap)
- FCF (LTM) -756.2 bln RUB (negative), 287.4% of market cap
- EV/EBITDA multiple is 7.1x compared to historical level (50th percentile) of 3.8x

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

2025-08-29

#BELU #reports

Beluga reported for 2025 q2:
- Revenue +48% YoY (vs +48.0% in previous quarter and historical rate +32.4%)
- EBITDA +22% YoY (vs +22.0% in previous quarter and historical rate +14.8%)
- Net Income +4.2% YoY (vs +4.2% in previous quarter and historical rate +11.9%)
- EBITDA margin 10.9% decreased compared to 13.2% same period last year
- Net Debt increased by 1.1 bln rubles since the previous report (2.7% of market cap)
- FCF (LTM) +12.5 bln RUB (positive), 30.2% of market cap
- EV/EBITDA multiple is 3.9x compared to historical level (50th percentile) of 5.1x

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

2025-08-29

#EELT #reports

EuroElTech reported for 2025 q1:
- Revenue +32.7% YoY (vs +32.7% in previous quarter and historical rate +16.3%)
- EBITDA -3.5% YoY (vs -3.5% in previous quarter and historical rate +25.0%)
- Net Income -26.5% YoY (vs +23.1% in previous quarter and historical rate +27.7%)
- EBITDA margin 11.7% decreased compared to 16.1% same period last year
- Net Debt decreased by 0.1 bln rubles since the previous report (1.8% of market cap)
- FCF (LTM) -1.9 bln RUB (negative), 35.2% of market cap
- EV/EBITDA multiple is 5.4x compared to historical level (50th percentile) of 5.7x

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

2025-08-29

#SVAV #reports

Sollers reported for 2025 H1:
- Revenue -42.2% YoY (vs -4.0% in previous half-year and historical rate -7.6%)
- EBITDA -98.9% YoY (vs -55.5% in previous half-year and historical rate -34.5%)
- Net Income -176.6% YoY (vs -40.1% in previous half-year and historical rate -69.8%)
- EBITDA margin 0.2% decreased compared to 9.6% same period last year
- Net Debt decreased by 16.1 bln rubles since the previous report (83.2% of market cap)
- FCF (LTM) -3 bln RUB (negative), 15.6% of market cap
- EV/EBITDA multiple is 11.5x compared to historical level (50th percentile) of 3.8x

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

2025-08-29

#OKEY #reports

OKEY reported for 2025 H1:
- Revenue +2.9% YoY (vs +4.9% in previous half-year and historical rate +4.3%)
- EBITDA +27.4% YoY (vs +9.5% in previous half-year and historical rate +13.0%)
- Net Income +100% YoY (vs +100.0% in previous half-year and historical rate -132.2%)
- EBITDA margin 11.3% increased compared to 9.1% same period last year
- Net Debt increased by 38.6 bln rubles since the previous report (476.8% of market cap)
- FCF (LTM) -31.3 bln RUB (negative), 386.6% of market cap
- EV/EBITDA multiple is 3.4x compared to historical level (50th percentile) of 2.6x

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

2025-08-29

#GAZP #reports

Gazprom reported for 2025 q2:
- Revenue -14.3% YoY (vs +10.4% in previous quarter and historical rate -0.4%)
- EBITDA -6.6% YoY (vs -20.3% in previous quarter and historical rate +1.8%)
- Net Income -18.8% YoY (vs +2.5% in previous quarter and historical rate -58.1%)
- EBITDA margin 31.2% increased compared to 28.7% same period last year
- Net Debt increased by 354.3 bln rubles since the previous report (11.1% of market cap)
- FCF (LTM) -766.2 bln RUB (negative), 23.9% of market cap
- EV/EBITDA multiple is 3.7x compared to historical level (50th percentile) of 4x
- EV/EBITDA expected multiple is 5.4x

Growth potential decreased by 27.0% to -142.0%

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

2025-08-29

#EELT #reports

EuroElTech reported for 2025 q2:
- Revenue +32.7% YoY (vs +32.7% in previous quarter and historical rate +16.3%)
- EBITDA -3.5% YoY (vs -3.5% in previous quarter and historical rate +25.0%)
- Net Income -47.5% YoY (vs -26.5% in previous quarter and historical rate +9.1%)
- EBITDA margin 11.7% decreased compared to 16.1% same period last year
- Net Debt decreased by 0.1 bln rubles since the previous report (1.8% of market cap)
- FCF (LTM) -1.9 bln RUB (negative), 35.2% of market cap
- EV/EBITDA multiple is 5.4x compared to historical level (50th percentile) of 5.7x

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

2025-08-29

#KMAZ #reports

Kamaz reported for 2025 H1:
- Revenue -17.9% YoY (vs +1.3% in previous half-year and historical rate +10.4%)
- EBITDA -164% YoY (vs -2.3% in previous half-year and historical rate -17.1%)
- Net Income -941.7% YoY (vs -143.4% in previous half-year and historical rate +1107.9%)
- EBITDA margin -8.4% decreased compared to 10.7% same period last year
- Net Debt decreased by 19.3 bln rubles since the previous report (29.5% of market cap)
- FCF (LTM) -58.9 bln RUB (negative), 89.9% of market cap
- EV/EBITDA multiple is 341.2x compared to historical level (50th percentile) of 5.7x

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

2025-08-29

#SFIN #reports

SFI Holding reported for 2025 q2:
- Revenue -97.2% YoY (vs +25.6% in previous quarter and historical rate +31.7%)
- Net Income -80.1% YoY (vs -44.1% in previous quarter and historical rate +54.9%)
- Net Income margin 330.4% increased compared to 46.8% same period last year
- P/E multiple is 4.9x compared to historical level (50th percentile) of 3.6x

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

2025-08-29

#MVID #reports

M Video reported for 2025 H1:
- Revenue -15.2% YoY (vs -2.1% in previous half-year and historical rate -2.4%)
- EBITDA -173.5% YoY (vs +121.2% in previous half-year and historical rate +0.3%)
- Net Income +143.6% YoY (vs -1953.0% in previous half-year and historical rate -280.9%)
- EBITDA margin -2.8% decreased compared to 3.2% same period last year
- Net Debt increased by 6.3 bln rubles since the previous report (38.1% of market cap)
- FCF (LTM) -80.4 bln RUB (negative), 482.4% of market cap
- EV/EBITDA multiple is 6.7x compared to historical level (50th percentile) of 6.1x

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

2025-08-29

#FESH #reports

FESCO reported for 2025 H1:
- Revenue +11.9% YoY (vs +32.8% in previous half-year and historical rate +10.0%)
- EBITDA +29.4% YoY (vs +139.2% in previous half-year and historical rate +6.6%)
- Net Income -60.2% YoY (vs +260.4% in previous half-year and historical rate +93.9%)
- EBITDA margin 23.8% increased compared to 20.6% same period last year
- Net Debt decreased by 8.5 bln rubles since the previous report (4.5% of market cap)
- FCF (LTM) +22.1 bln RUB (positive), 11.7% of market cap
- EV/EBITDA multiple is 4x compared to historical level (50th percentile) of 4.7x
- EV/EBITDA expected multiple is 11.2x

Growth potential increased by 20.6% to -68.9%

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

2025-08-29

#EUTR #reports

Evrotrans AO reported for 2025 H1:
- Revenue +30.2% YoY (vs +27.8% in previous half-year and historical rate +72.2%)
- EBITDA +46.2% YoY (vs +20.7% in previous half-year and historical rate +80.2%)
- Net Income +45% YoY (vs -12.4% in previous half-year and historical rate +144.3%)
- EBITDA margin 9.5% increased compared to 8.5% same period last year
- Net Debt increased by 13.6 bln rubles since the previous report (63.8% of market cap)
- FCF (LTM) -11.9 bln RUB (negative), 55.9% of market cap
- EV/EBITDA multiple is 4.1x compared to historical level (50th percentile) of 4.9x

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

2025-08-29

#GCHE #reports

Cherkizovo reported for 2025 q1:
- Revenue +10.5% YoY (vs +10.5% in previous quarter and historical rate +16.5%)
- EBITDA -11.6% YoY (vs -11.6% in previous quarter and historical rate +22.5%)
- Net Income -56.8% YoY (vs -51.8% in previous quarter and historical rate +26.8%)
- EBITDA margin 18.6% decreased compared to 23.3% same period last year
- Net Debt increased by 4.6 bln rubles since the previous report (3.1% of market cap)
- FCF (LTM) -25 bln RUB (negative), 16.5% of market cap
- EV/EBITDA multiple is 7x compared to historical level (50th percentile) of 6.8x
- EV/EBITDA expected multiple is 15.6x

Growth potential decreased by 99.9% to -153.3%

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

2025-08-29

#FEES #reports

FGC UES reported for 2025 q1:
- Revenue +13.9% YoY (vs +16.3% in previous quarter and historical rate +44.5%)
- EBITDA +42% YoY (vs -58.0% in previous quarter and historical rate -0.5%)
- Net Income +123.5% YoY (vs -233.4% in previous quarter and historical rate +4.4%)
- EBITDA margin 31.2% increased compared to 25.0% same period last year
- Net Debt decreased by 11.8 bln rubles since the previous report (7.6% of market cap)
- FCF (LTM) -373 bln RUB (negative), 240.1% of market cap
- EV/EBITDA multiple is 13.7x compared to historical level (50th percentile) of 3x

General information

Dividend yield for the last twelve months 18.7%
Free cash flow yield 0.0% (LTM)
Share price is 185.8% higher than minimum and 6.0% lower than maximum for the last 3 years

Key Financials (Download financials)

Ticker: HSBK

Share price, USD: (-100.0%)357.5

year average price 321.84

year start price 262.78 2025-02-28

min close price 259.99 2025-03-11

max close price 380.23 2025-08-19

current price 32.35 2026-02-28

Common stocks: 10 913 998 465

Dividend Yield: 18.7%

FCF Yield LTM: 0.0%

EV / LTM EBITDA:-110.8x

Target EV / EBITDA (hist percentile):

EBITDA margin ann-d -0.3%

Net income margin ann-d 398.8%

Revenue and EBITDA

Quarterly values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / LTM EBITDA and 50% percentile

Potential dynamics

Daily trade volumes

Millions of KZT

P/B and P/E multipliers

P / B

P / E

MSFO data *The values are shown in mln. The % change shows the difference from the same period last year

View as Pivot Table Export as Pivot Table (xlsx)

Income

Q	Revenue	Gross profit	Operating income	Net income	PercentProfit	PercentLoss


2025 q2	63 588-9%	-77 416+31%	253 586+26%	660 100+28%	-345 233+33%
2025 q1	72 144+23%	-69 190+22%	3 838-88%	629 197+27%	-303 331+25%
2024 q4		-199 669-8%	-155 353<-100%	1 610 934-4%	-795 276-7%
2024 q3	-9 370<-100%	51 063<-100%	27 045<-100%	-452 156<-100%	236 893<-100%
2024 q2	70 183	-59 217+11%	201 129+14%	515 754>+200%	-258 727+26%
2024 q1	58 756	-56 687+22%	31 548>+200%	496 254+31%	-242 018+29%
2023 q4		-216 888+12%	72 594<-100%	1 669 782+34%	-859 285+49%
2023 q3	65 844	-26 988 119<-100%	85 233 613<-100%	6 140 461>+200%	-102 693 397<-100%
2023 q2		-53 157>+200%	176 958<-100%	10 022-77%	-205 378>+200%
2023 q1		-46 426+2%	3 819-81%	380 269+50%	-188 177+72%
2022 q4		-193 018+49%	-525<-100%	1 247 648+92%	-578 182+114%
2022 q3		40 351<-100%	-171 176<-100%	75 658>+200%	99 684<-100%
2022 q2		-6 690+143%	-39 959>+200%	43 895+116%	-33 886>+200%
2022 q1		-45 606+15%	19 838+86%	253 776+31%	-109 388+27%
2021 q4		-129 945	461 757	650 127	-270 797
2021 q3		-4 103	2 486	15 738	-7 296
2021 q2		-2 757	-12 547	20 363	-2 580
2021 q1		-39 803+12%	10 682-82%	193 637+8%	-86 119+14%
2020 q4
2020 q1		-35 558	61 031	179 348	-75 274

Balance

Q	Total equity	Total assets	Net debt	Implied interest rate	NetDebt / LTM EBITDA


2025 q2	3 190 438+24%	19 615 712+17%	-3 884 903+12%	-110.77x
2025 q1	3 281 585+23%	18 846 845+19%	-3 677 711+5%	-69.04x
2024 q4	3 068 037+24%	18 539 581+21%	-3 558 935+47%	-56.68x
2024 q3	2 879 276+32%	17 638 628+24%	-3 778 334+56%	-638.88x
2024 q2	2 576 550+28%	16 728 479+17%	-3 480 022+31%
2024 q1	2 664 470+26%	15 785 137+12%	-3 488 041+14%
2023 q4	2 476 954+30%	15 382 826+7%	-2 414 637-24%
2023 q3	2 181 272+15%	14 249 6490%	-2 421 892-30%
2023 q2	2 017 280+14%	14 241 463+4%	-2 648 964-2%
2023 q1	2 116 317+32%	14 142 764+11%	-3 059 507+22%
2022 q4	1 911 234+21%	14 311 372+18%	-3 163 690+54%
2022 q3	1 898 261	14 207 912	-3 448 904
2022 q2	1 764 678	13 735 579	-2 705 966
2022 q1	1 597 517+1%	12 718 752+22%	-2 516 450+3%
2021 q4	1 573 604	12 091 370	-2 047 800
2021 q3
2021 q2
2021 q1	1 583 534	10 389 630	-2 447 097
2020 q4
2020 q1

Cashflow

Q	Operating cashflow	Investing cashflow	Financial cashflow


2025 q2	458 889+52%	26 094<-100%	-113 600+11%
2025 q1	586 375+48%	58 285<-100%	-138 769<-100%
2024 q4	-672 087<-100%	9 205-97%	147 493<-100%
2024 q3	351 868<-100%	237 167>+200%	-48 937<-100%
2024 q2	301 013<-100%	-418 435>+200%	-102 365-29%
2024 q1	397 155<-100%	-119 424-48%	2 994<-100%
2023 q4	360 204<-100%	269 964<-100%	-132<-100%
2023 q3	-664 528<-100%	54 160-70%	97 327<-100%
2023 q2	-162 784<-100%	-97 172<-100%	-143 253<-100%
2023 q1	-18 955<-100%	-227 965<-100%	-45 026-52%
2022 q4	-66 804<-100%	-355 662>+200%	-142 869-7%
2022 q3	324 118+188%	182 232<-100%	-1 153+193%
2022 q2	294 069>+200%	67 522<-100%	45 345<-100%
2022 q1	213 690+3%	28 688<-100%	-94 769-69%
2021 q4	562 843	-20 686	-154 251
2021 q3	112 575	-41 791	-394
2021 q2	60 510	-285 554	-204 771
2021 q1	208 029>+200%	-285 863<-100%	-304 162<-100%
2020 q4
2020 q1	64 404	94 762	6 999

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