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General information

Steel player. Unlike other players - less integrated in iron ore (which makes it earn more when iron ore prices fall)
  • Current market environment: positive. Prices of production are 9.0% higher compared to the last 12 months (LTM)
  • Prices of production are at 70.7% percentile over the past 5 years, adjusted for inflation
  • Dividend yield for the last twelve months 4.9%
  • Free cash flow yield 4.1% (LTM), projected 6.7%
  • Share of USD-denominated sales in revenue of the company (estimate) ≈ 0.0%
  • Share price is 148.8% higher than minimum and 29.4% lower than maximum for the last 3 years
  • The company is undervalued by EV / LTM EBITDA multiple compared to target level (2.6x vs
    )
  • The company is undervalued by EV / projected EBITDA multiple compared to target level (
    vs
    )
  • Taking into account the impact of the key rate 16% on the change in financial parameters: EBITDA adjustment is 3 564 mln rub as NetDebt * (current key rate - normalized 7%) / 2, expected EBITDA adjusted for key rate increases is 228 961 mln rub, expected mult is 2.4x, target mult is 3.7x, potential is +47.9%

Key Financials (Download financials)

Ticker: MAGN
Share price, RUB:  (+1.5%)55.845
year average price 53.59  


year start price 43.97 2023-06-18

min close price 43.97 2023-06-18

max close price 59.90 2024-05-23

current price 55.85 2024-06-16
Common stocks: 11 174 330 000

Dividend Yield:  4.9%
FCF Yield LTM / expected: 4.1% / 6.7%
EV / LTM EBITDA: 2.6x
EV / EBITDA annualized: 3x
Production prices change from LTM: 9.0%
EV / projected EBITDA:
Target EV / EBITDA (hist percentile):
Express share price potential:
EV / LTM EBITDA mutiple calculation
Market Cap (m RUB): 624 030
Net Debt (m RUB): -99 675
EV (Enterprise Value): 524 355
EBITDA LTM (m RUB): 205 147
EV / LTM EBITDA: 2.6x
Average daily trading volume for the week, RUB mln: 1418.51

Revenue and EBITDA

Quarterly values (m RUB)

Change (y/y)

Cash Flow

FCF (m RUB), before FX effects elimination

Net Debt / Cash and Equivalents (m RUB)

Share price and dividends (Download history)

Share price

Payment RUB per share

Multiple and potential

EV / LTM EBITDA and 50% percentile

Potential dynamics

Daily trade volumes

Millions of RUB

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