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General information

Leading steel producer integrated with 100% self-sufficiency in iron ore, 60% in scrap, 0% in coal. Operates plants both in Russia and US (lately unprofitable due to tariffs) and generally has quite high export share in revenue (which is on one hand positive - higher share of USD-denominated revenue, on the other hand can drop more dramatically in downturns)
  • Current market environment: negative. Prices of production are 18.9% lower compared to the last 12 months (LTM)
  • Prices of production are at 57.4% percentile over the past 5 years, adjusted for inflation
  • Dividend yield for the last twelve months 0.0%
  • Free cash flow yield 29.1% (LTM), projected -2.5%
  • Share of USD-denominated sales in revenue of the company (estimate) 67.6%
  • Share price is 72.1% higher than minimum and 53.4% lower than maximum for the last 3 years
  • The company is undervalued by EV / LTM EBITDA multiple compared to target level (1.9x vs
  • The company is undervalued by EV / projected EBITDA multiple compared to target level (

Key Financials (Download financials)

Ticker: NLMK
Share price, RUB:  (+0.2%)130.28
year average price 121.99  

year start price 173.20 2022-04-02

max close price 173.20 2022-04-02

min close price 75.68 2022-10-07

current price 130.28 2023-04-01
Common stocks: 5 993 227 240

Dividend Yield:  0.0%
FCF Yield LTM / expected: 29.1% / -2.5%
EV / EBITDA annualized: 1.9x
Production prices change from LTM: -18.9%
EV / projected EBITDA:
Target EV / EBITDA (hist percentile):
Express share price potential:
EV / LTM EBITDA mutiple calculation
Market Cap (m RUB): 780 798
Net Debt (m RUB): 222 099
EV (Enterprise Value): 1 002 897
EBITDA LTM (m RUB): 534 992

Revenue and EBITDA

Quarterly values (m RUB)

Change (y/y)

Cash Flow

FCF / Free Cash Flow (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

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