Enhanced Investments - Financial Portal

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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%

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

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

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

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

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

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

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

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

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

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%

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

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%

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

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%

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

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%

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

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%

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

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%

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

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%

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

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

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

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

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

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

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

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%

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

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%

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

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%

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

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

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

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

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

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

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

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%

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

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

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

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

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

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

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

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

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

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

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

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

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

2024-08-16

#SOFL #reports

Softline reported for 2024 q2:
- Revenue +30.3% YoY (vs +51.8% in previous quarter and historical rate +10.0%)
- EBITDA +347.6% YoY (vs +145200.0% in previous quarter and historical rate +34.8%)
- EBITDA margin 7.6% increased compared to 2.2% same period last year
- Net Debt increased by 1.8 bln rubles over the past reporting period (4.2% of market cap)
- FCF (LTM) -14.7 bln RUB (negative), 34.4% of market cap
- EV/EBITDA multiple is 10.8x compared to historical level (50th percentile) of 16.4x
- EV/EBITDA expected multiple is 7.6x

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

2024-08-16

#GCHE #reports

Cherkizovo reported for 2024 q1:
- Revenue +20.4% YoY (vs +20.4% in previous quarter and historical rate +21.0%)
- EBITDA +74.1% YoY (vs +74.1% in previous quarter and historical rate +39.1%)
- EBITDA margin 23.3% increased compared to 16.1% same period last year
- Net Debt increased by 6.4 bln rubles over the past reporting period (3.2% of market cap)
- FCF (LTM) -2.7 bln RUB (negative), 1.3% of market cap
- EV/EBITDA multiple is 4.9x compared to historical level (50th percentile) of 7.2x

Growth potential decreased by 22.6% to -95.0%

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

2024-08-16

#FLOT #reports

SCF Group reported for 2024 q2:
- Revenue -10.1% YoY (vs +8.7% in previous quarter and historical rate +36.0%)
- EBITDA -31.1% YoY (vs -7.8% in previous quarter and historical rate +43.6%)
- EBITDA margin 54.2% decreased compared to 70.6% same period last year
- Net Debt decreased by 41.8 bln rubles over the past reporting period (17.2% of market cap)
- FCF (LTM) +66 bln RUB (positive), 27.1% of market cap
- EV/EBITDA multiple is 2.1x compared to historical level (50th percentile) of 3.2x

Growth potential decreased by 4.8% to -9.3%

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

2024-08-15

#GCHE #reports

Cherkizovo reported for 2024 q2:
- Revenue +20.4% YoY (vs +20.4% in previous quarter and historical rate +21.0%)
- EBITDA +74.1% YoY (vs +74.1% in previous quarter and historical rate +39.1%)
- EBITDA margin 23.3% increased compared to 16.1% same period last year
- Net Debt increased by 6.4 bln rubles over the past reporting period (3.2% of market cap)
- FCF (LTM) -2.7 bln RUB (negative), 1.4% of market cap
- EV/EBITDA multiple is 4.9x compared to historical level (50th percentile) of 7.2x

Growth potential decreased by 72.9% to -93.9%

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

2024-08-15

#FIVE #reports

X5 Retail Group reported for 2024 q2:
- Revenue +25.1% YoY (vs +27.3% in previous quarter and historical rate +19.5%)
- EBITDA +18.3% YoY (vs +39.9% in previous quarter and historical rate +18.4%)
- EBITDA margin 7.5% decreased compared to 7.9% same period last year
- Net Debt decreased by 26.9 bln rubles over the past reporting period (3.5% of market cap)
- FCF (LTM) +31.7 bln RUB (positive), 4.2% of market cap
- EV/EBITDA multiple is 3.8x compared to historical level (50th percentile) of 4.1x

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

2024-08-14

#IRAO #reports

Inter RAO reported for 2024 q2:
- Revenue -1.2% YoY (vs +15.3% in previous quarter and historical rate +9.7%)
- EBITDA -16.8% YoY (vs +32.5% in previous quarter and historical rate +8.0%)
- EBITDA margin 9.0% decreased compared to 10.7% same period last year
- Net Debt increased by 139.5 bln rubles over the past reporting period (34.7% of market cap)
- FCF (LTM) -176 bln RUB (negative), 43.7% of market cap
- EV/EBITDA multiple is 2x compared to historical level (50th percentile) of 1x

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

2024-08-14

#RTKM #reports

Rostelecom reported for 2024 q2:
- Revenue +10.5% YoY (vs +7.1% in previous quarter and historical rate +9.4%)
- EBITDA +8.6% YoY (vs +10.4% in previous quarter and historical rate +12.7%)
- EBITDA margin 39.9% decreased compared to 40.6% same period last year
- Net Debt increased by 9 bln rubles over the past reporting period (3.7% of market cap)
- FCF (LTM) -102.6 bln RUB (negative), 42.9% of market cap
- EV/EBITDA multiple is 3.1x compared to historical level (50th percentile) of 4.3x

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

2024-08-13

#TRMK #reports

TMK (pipe) reported for 2024 q1:
- Revenue -0.8% YoY (vs -0.8% in previous quarter and historical rate +36.2%)
- EBITDA -55.4% YoY (vs -55.4% in previous quarter and historical rate +60.5%)
- EBITDA margin 12.8% decreased compared to 28.4% same period last year
- Net Debt increased by 29.4 bln rubles over the past reporting period (19.2% of market cap)
- FCF (LTM) -29.7 bln RUB (negative), 19.4% of market cap
- EV/EBITDA multiple is 5.4x compared to historical level (50th percentile) of 4x

Growth potential decreased by 106.9% to -148.4%

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

2024-08-13

#TRMK #reports

TMK (pipe) reported for 2024 q2:
- Revenue -0.8% YoY (vs -0.8% in previous quarter and historical rate +36.2%)
- EBITDA -55.4% YoY (vs -55.4% in previous quarter and historical rate +60.5%)
- EBITDA margin 12.8% decreased compared to 28.4% same period last year
- Net Debt increased by 29.4 bln rubles over the past reporting period (19.2% of market cap)
- FCF (LTM) -29.7 bln RUB (negative), 19.4% of market cap
- EV/EBITDA multiple is 5.4x compared to historical level (50th percentile) of 4x

Growth potential decreased by 101.3% to -142.8%

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

2024-08-13

#ALRS #reports

Alrosa reported for 2024 q1:
- Revenue -35.3% YoY (vs -34.0% in previous quarter and historical rate -4.4%)
- EBITDA -80.4% YoY (vs -58.6% in previous quarter and historical rate -6.1%)
- EBITDA margin 14.5% decreased compared to 48.1% same period last year
- Net Debt decreased by 40.7 bln rubles over the past reporting period (9.3% of market cap)
- FCF (LTM) +3.8 bln RUB (positive), 0.9% of market cap
- EV/EBITDA multiple is 6.1x compared to historical level (50th percentile) of 4.3x

Growth potential increased by 1.2% to -78.0%

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

2024-08-12

#ALRS #reports

Alrosa reported for 2024 q2:
- Revenue -35.3% YoY (vs -34.0% in previous quarter and historical rate -4.4%)
- EBITDA -80.4% YoY (vs -58.6% in previous quarter and historical rate -6.1%)
- EBITDA margin 14.5% decreased compared to 48.1% same period last year
- Net Debt decreased by 40.7 bln rubles over the past reporting period (9.2% of market cap)
- FCF (LTM) +3.8 bln RUB (positive), 0.9% of market cap
- EV/EBITDA multiple is 6.1x compared to historical level (50th percentile) of 4.3x

Growth potential decreased by 3.7% to -81.0%

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

2024-08-08

#UPRO #reports

Unipro reported for 2024 H1:
- Revenue +7.9% YoY (vs +10.9% in previous half-year and historical rate +15.7%)
- EBITDA +13.5% YoY (vs -71.2% in previous half-year and historical rate +30.7%)
- EBITDA margin 40.7% increased compared to 38.7% same period last year
- Net Debt decreased by 20.5 bln rubles over the past reporting period (18.0% of market cap)
- FCF (LTM) +27.3 bln RUB (positive), 24.0% of market cap
- EV/EBITDA multiple is 1.2x compared to historical level (50th percentile) of 4.6x

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

2024-08-08

#SBER #reports

Sberbank reported for 2024 q2:
- Revenue +9.9% YoY (vs +12.5% in previous quarter and historical rate +13.7%)
- Net Income +9.8% YoY (vs +10.7% in previous quarter and historical rate +47.6%)
- Net Income 40.4% has not changed compared to 40.4% same period last year
- P/E multiple is 4x compared to historical level (50th percentile) of 5.2x

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

2024-08-08

#VKCO #reports

VK company reported for 2024 q1:
- Revenue +17.1% YoY (vs +28.7% in previous quarter and historical rate +10.8%)
- EBITDA -131% YoY (vs -112.5% in previous quarter and historical rate -45.0%)
- EBITDA margin -1.0% decreased compared to 3.7% same period last year
- Net Debt increased by 12.7 bln rubles over the past reporting period (13.5% of market cap)
- FCF (LTM) -48.9 bln RUB (negative), 52.0% of market cap
- EV/EBITDA multiple is -61.7x compared to historical level (50th percentile) of 11.8x

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

2024-08-08

#FIXP #reports

Fix Price reported for 2024 H1:
- Revenue +9.4% YoY (vs +7.1% in previous half-year and historical rate +12.8%)
- EBITDA -10.9% YoY (vs +1.5% in previous half-year and historical rate +7.8%)
- EBITDA margin 10.4% decreased compared to 12.8% same period last year
- Net Debt increased by 3 bln rubles over the past reporting period (1.6% of market cap)
- FCF (LTM) +9.8 bln RUB (positive), 5.2% of market cap
- EV/EBITDA multiple is 4.4x compared to historical level (50th percentile) of 7.7x

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

2024-08-08

#VKCO #reports

VK company reported for 2024 q2:
- Revenue +17.1% YoY (vs +28.7% in previous quarter and historical rate +10.8%)
- EBITDA -131% YoY (vs -112.5% in previous quarter and historical rate -45.0%)
- EBITDA margin -1.0% decreased compared to 3.7% same period last year
- Net Debt increased by 12.7 bln rubles over the past reporting period (13.5% of market cap)
- FCF (LTM) -48.9 bln RUB (negative), 51.8% of market cap
- EV/EBITDA multiple is -61.7x compared to historical level (50th percentile) of 11.8x

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

2024-08-08

#PHOR #reports

Phosagro reported for 2024 q2:
- Revenue +26.6% YoY (vs +2.7% in previous quarter and historical rate +25.5%)
- EBITDA +15.2% YoY (vs -22.7% in previous quarter and historical rate +36.5%)
- EBITDA margin 31.9% decreased compared to 35.0% same period last year
- Net Debt decreased by 46.7 bln rubles over the past reporting period (6.6% of market cap)
- FCF (LTM) +55.1 bln RUB (positive), 7.8% of market cap
- EV/EBITDA multiple is 5.1x compared to historical level (50th percentile) of 6.3x

Growth potential decreased by 4.6% to -40.0%

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 5.1% higher compared to the last 12 months (LTM)
Prices of production are at 66% percentile over the past 5 years, adjusted for inflation
Dividend yield for the last twelve months 11.8%
Free cash flow yield 0.1% (LTM), projected 4.0%
Share of USD-denominated sales in revenue of the company (estimate) ≈ 0.0%
Share price is 97.7% higher than minimum and 43.1% lower than maximum for the last 3 years
The company is undervalued by EV / LTM EBITDA multiple compared to target level (2.1x vs
)
The company is undervalued by EV / projected EBITDA multiple compared to target level (
vs
)
Taking into account the impact of the key rate 18% on the change in financial parameters: EBITDA adjustment is 5 188 mln rub as NetDebt * (current key rate - normalized 7%) / 2, expected EBITDA adjusted for key rate increases is 229 796 mln rub, expected mult is 1.7x, target mult is 3.2x, potential is +69.2%

Key Financials (Download financials)

Ticker: MAGN

Share price, RUB: (+1.5%)44.37

year average price 53.24

year start price 51.22 2023-09-18

max close price 59.90 2024-05-23

min close price 40.85 2024-09-02

current price 44.37 2024-09-16

Common stocks: 11 174 330 000

Dividend Yield: 11.8%

FCF Yield LTM / expected: 0.1% / 4.0%

EV / LTM EBITDA: 2.1x

EV / EBITDA annualized: 2x

Production prices change from LTM: 5.1%

EV / projected EBITDA:

Target EV / EBITDA (hist percentile):

Express share price potential:

EV / LTM EBITDA mutiple calculation

Market Cap (m RUB): 495 805

Net Debt (m RUB): -83 460

EV (Enterprise Value): 412 345

EBITDA LTM (m RUB): 200 858

EV / LTM EBITDA: 2.1x

Average daily trading volume for the week, RUB mln: 696

P / E 4.4x

P / B 0.7x

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

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