Enhanced Investments - Financial Portal

2024-12-07

#SVCB #reports

Sovcombank reported for 2024 q3:
- Revenue -6.8% YoY (vs +31.5% in previous quarter and historical rate +12.0%)
- Net Income -28% YoY (vs -46.9% in previous quarter and historical rate +19.2%)
- Net Income 50.1% decreased compared to 64.9% same period last year
- P/E multiple is 3.4x compared to historical level (50th percentile) of 3.5x

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2024-12-07

#CIAN #reports

Cian reported for 2024 q3:
- Revenue -2% YoY (vs +21.4% in previous quarter and historical rate +33.4%)
- EBITDA -65.8% YoY (vs +94.8% in previous quarter and historical rate +85.1%)
- EBITDA margin 10.0% decreased compared to 28.7% same period last year
- Net Debt decreased by 1.5 bln rubles over the past reporting period (4.3% of market cap)
- FCF (LTM) +2.1 bln RUB (positive), 6.1% of market cap
- EV/EBITDA multiple is 10.5x compared to historical level (50th percentile) of 19.2x

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2024-12-07

#BSPB #reports

Bank Sankt-Peterburg reported for 2024 q3:
- Revenue +34.4% YoY (vs +40.1% in previous quarter and historical rate +27.7%)
- Net Income +55.6% YoY (vs -17.8% in previous quarter and historical rate +60.1%)
- Net Income 55.2% increased compared to 47.7% same period last year
- P/E multiple is 3.1x compared to historical level (50th percentile) of 2.6x

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2024-12-04

#ZAYM #reports

Zaymer reported for 2024 q3:
- Revenue +289116.3% YoY (vs -3.7% in previous quarter and historical rate +36.4%)
- Net Income +212968.3% YoY (vs -31.7% in previous quarter and historical rate +37.6%)
- Net Income 27.8% decreased compared to 37.8% same period last year
- P/E multiple is 0x compared to historical level (50th percentile) of 3.6x

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2024-12-04

#SELG #reports

Seligdar reported for 2024 q3:
- Revenue +36.9% YoY (vs -0.7% in previous quarter and historical rate +25.9%)
- EBITDA +47.5% YoY (vs +8.1% in previous quarter and historical rate +11.7%)
- EBITDA margin 42.0% increased compared to 38.9% same period last year
- Net Debt increased by 12.6 bln rubles over the past reporting period (46.2% of market cap)
- FCF (LTM) -12.7 bln RUB (negative), 46.7% of market cap
- EV/EBITDA multiple is 5.8x compared to historical level (50th percentile) of 8.1x
- EV/EBITDA expected multiple is 4x

Growth potential decreased by 7.4% to +199.2%

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2024-12-04

#MRKY #reports

IDGC South reported for 2024 q3:
- Revenue +20.8% YoY (vs -4.8% in previous quarter and historical rate +17.2%)
- EBITDA +8.6% YoY (vs -9.8% in previous quarter and historical rate +46.5%)
- EBITDA margin 21.9% decreased compared to 24.3% same period last year
- Net Debt decreased by 0.9 bln rubles over the past reporting period (21.8% of market cap)
- FCF (LTM) -1.5 bln RUB (negative), 34.7% of market cap
- EV/EBITDA multiple is 2.4x compared to historical level (50th percentile) of 4.7x

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2024-12-04

#MRKV #reports

IDGC Volga reported for 2024 q3:
- Revenue +15.9% YoY (vs +0.3% in previous quarter and historical rate +9.2%)
- EBITDA +31.8% YoY (vs -43.1% in previous quarter and historical rate +29.0%)
- EBITDA margin 22.9% increased compared to 20.1% same period last year
- Net Debt decreased by 0.1 bln rubles over the past reporting period (1.3% of market cap)
- FCF (LTM) -1.1 bln RUB (negative), 10.7% of market cap
- EV/EBITDA multiple is 1.3x compared to historical level (50th percentile) of 1.7x

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2024-12-04

#MRKU #reports

IDGC Ural reported for 2024 q3:
- Revenue -1.6% YoY (vs -7.3% in previous quarter and historical rate +2.6%)
- EBITDA -95.6% YoY (vs +10.4% in previous quarter and historical rate +14.3%)
- EBITDA margin 1.1% decreased compared to 24.1% same period last year
- Net Debt decreased by 22.6 bln rubles over the past reporting period (86.7% of market cap)
- FCF (LTM) +20.6 bln RUB (positive), 79.3% of market cap
- EV/EBITDA multiple is 1.2x compared to historical level (50th percentile) of 2.2x

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2024-12-03

#AFKS #reports

Sistema reported for 2024 q3:
- Revenue +11.6% YoY (vs +24.3% in previous quarter and historical rate +16.2%)
- EBITDA +13.4% YoY (vs +26.8% in previous quarter and historical rate +8.3%)
- EBITDA margin 27.1% increased compared to 26.7% same period last year
- Net Debt increased by 144.4 bln rubles over the past reporting period (122.8% of market cap)
- FCF (LTM) -264.8 bln RUB (negative), 225.3% of market cap
- EV/EBITDA multiple is 6x compared to historical level (50th percentile) of 4.9x

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2024-11-30

#ROSN #reports

Rosneft reported for 2024 q3:
- Revenue -7.7% YoY (vs +26.6% in previous quarter and historical rate +16.3%)
- EBITDA -19% YoY (vs +9.6% in previous quarter and historical rate +32.1%)
- EBITDA margin 30.3% decreased compared to 34.5% same period last year
- EV/EBITDA multiple is 2.8x compared to historical level (50th percentile) of 3x
- EV/EBITDA expected multiple is 2.8x

Growth potential decreased by 2.4% to +1.2%

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2024-11-30

#MRKC #reports

IDGC Center reported for 2024 q3:
- Revenue +7.4% YoY (vs +2.6% in previous quarter and historical rate +40.8%)
- EBITDA -12.3% YoY (vs -2.2% in previous quarter and historical rate +47.2%)
- EBITDA margin 25.6% decreased compared to 31.3% same period last year
- Net Debt increased by 1.2 bln rubles over the past reporting period (6.2% of market cap)
- FCF (LTM) +6.2 bln RUB (positive), 32.8% of market cap
- EV/EBITDA multiple is 1.5x compared to historical level (50th percentile) of 2.7x

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2024-11-30

#GAZP #reports

Gazprom reported for 2024 q3:
- Revenue +15.2% YoY (vs +23.7% in previous quarter and historical rate +8.7%)
- EBITDA +32.5% YoY (vs +19.0% in previous quarter and historical rate -1.1%)
- EBITDA margin 27.9% increased compared to 24.3% same period last year
- Net Debt increased by 110.8 bln rubles over the past reporting period (3.8% of market cap)
- FCF (LTM) -590 bln RUB (negative), 20.1% of market cap
- EV/EBITDA multiple is 4.5x compared to historical level (50th percentile) of 5.4x
- EV/EBITDA expected multiple is 2.4x

Growth potential increased by 40.2% to +330.8%

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2024-11-29

#ROSB #reports

Rosbank reported for 2024 q3:
- Revenue -7.5% YoY (vs -2.5% in previous quarter and historical rate +11.8%)
- Net Income -51.5% YoY (vs -45.7% in previous quarter and historical rate +13.6%)
- Net Income 25.6% decreased compared to 48.8% same period last year
- P/E multiple is 10.9x compared to historical level (50th percentile) of 8x

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2024-11-29

#MRKP #reports

IDGC Center & Volga reported for 2024 q3:
- Revenue +12.9% YoY (vs +4.8% in previous quarter and historical rate +10.3%)
- EBITDA +24.6% YoY (vs +16.9% in previous quarter and historical rate +15.5%)
- EBITDA margin 28.1% increased compared to 25.4% same period last year
- Net Debt decreased by 1.6 bln rubles over the past reporting period (4.4% of market cap)
- FCF (LTM) +13.9 bln RUB (positive), 37.5% of market cap
- EV/EBITDA multiple is 1.2x compared to historical level (50th percentile) of 1.7x

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2024-11-29

#DIAS #reports

Diasoft reported for 2024 H1:
- Revenue +20.8% YoY (vs +29.4% in previous half-year and historical rate +18.0%)
- EBITDA -21.1% YoY (vs +7.9% in previous half-year and historical rate +15.3%)
- EBITDA margin 23.0% decreased compared to 35.3% same period last year
- Net Debt increased by 1 bln rubles over the past reporting period (2.7% of market cap)
- FCF (LTM) +3.3 bln RUB (positive), 9.2% of market cap
- EV/EBITDA multiple is 10.8x compared to historical level (50th percentile) of 14.7x

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2024-11-29

#AFLT #reports

Aeroflot reported for 2024 q3:
- Revenue +37.3% YoY (vs +45.8% in previous quarter and historical rate +29.6%)
- EBITDA -47.2% YoY (vs +80.3% in previous quarter and historical rate +80.1%)
- EBITDA margin 15.9% decreased compared to 41.3% same period last year
- Net Debt increased by 5.9 bln rubles over the past reporting period (10.1% of market cap)
- FCF (LTM) +66.1 bln RUB (positive), 113.6% of market cap
- EV/EBITDA multiple is 2.8x compared to historical level (50th percentile) of 6.3x

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2024-11-28

#HYDR #reports

Rushydro reported for 2024 q3:
- Revenue +19.8% YoY (vs +7.2% in previous quarter and historical rate +10.7%)
- EBITDA +36.2% YoY (vs +0.7% in previous quarter and historical rate +9.6%)
- EBITDA margin 26.6% increased compared to 23.4% same period last year
- Net Debt increased by 57.1 bln rubles over the past reporting period (30.7% of market cap)
- FCF (LTM) -146.5 bln RUB (negative), 78.7% of market cap
- EV/EBITDA multiple is 4.8x compared to historical level (50th percentile) of 5.7x

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2024-11-28

#AKRN #reports

Acron reported for 2024 q3:
- Revenue +11.1% YoY (vs +26.7% in previous quarter and historical rate +12.3%)
- EBITDA -30% YoY (vs -42.8% in previous quarter and historical rate +10.8%)
- EBITDA margin 38.5% decreased compared to 61.1% same period last year
- Net Debt increased by 11.4 bln rubles over the past reporting period (1.7% of market cap)
- FCF (LTM) -30.9 bln RUB (negative), 4.5% of market cap
- EV/EBITDA multiple is 14.9x compared to historical level (50th percentile) of 9.1x
- EV/EBITDA expected multiple is 11.6x

Growth potential decreased by 28.0% to -40.5%

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2024-11-27

#MRKZ #reports

IDGC North West reported for 2024 q3:
- Revenue +8.7% YoY (vs +2.5% in previous quarter and historical rate +4.2%)
- EBITDA -57.7% YoY (vs +202.8% in previous quarter and historical rate +25.7%)
- EBITDA margin 7.0% decreased compared to 18.0% same period last year
- Net Debt increased by 1.4 bln rubles over the past reporting period (31.1% of market cap)
- FCF (LTM) +0.1 bln RUB (positive), 3.4% of market cap
- EV/EBITDA multiple is 3x compared to historical level (50th percentile) of 3.8x

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2024-11-27

#OZPH #reports

Ozon Pharm reported for 2024 q3:
- Revenue -7.2% YoY (vs +62.7% in previous quarter and historical rate +14.9%)
- EBITDA -14.7% YoY (vs +167.6% in previous quarter and historical rate +35.3%)
- EBITDA margin 39.9% decreased compared to 43.3% same period last year
- EV/EBITDA multiple is 3.4x compared to historical level (50th percentile) of 3.7x

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2024-11-25

#MOEX #reports

MOEX reported for 2024 q3:
- Revenue +47.5% YoY (vs +74.4% in previous quarter and historical rate +41.4%)
- Net Income +61.3% YoY (vs +61.0% in previous quarter and historical rate +45.7%)
- Net Income 58.2% increased compared to 53.3% same period last year
- P/E multiple is 5.3x compared to historical level (50th percentile) of 6.9x

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2024-11-21

#SGZH #reports

Segezha Group reported for 2024 q3:
- Revenue +13.1% YoY (vs +23.8% in previous quarter and historical rate +9.4%)
- EBITDA -3.6% YoY (vs +9.4% in previous quarter and historical rate -2.3%)
- EBITDA margin 10.6% decreased compared to 12.4% same period last year
- Net Debt increased by 2.9 bln rubles over the past reporting period (11.6% of market cap)
- FCF (LTM) -16.9 bln RUB (negative), 68.8% of market cap
- EV/EBITDA multiple is 16.8x compared to historical level (50th percentile) of 14.8x
- EV/EBITDA expected multiple is -176.1x

Growth potential decreased by 495.2% to -1201.6%

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2024-11-20

#RENI #reports

Renessans reported for 2024 q3:
- Revenue +35.4% YoY (vs +41.1% in previous quarter and historical rate +18.4%)
- Net Income -76.5% YoY (vs -70.2% in previous quarter and historical rate +48.7%)
- Net Income 1.4% decreased compared to 7.9% same period last year
- P/E multiple is 10.7x compared to historical level (50th percentile) of 4.7x

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2024-11-20

#MTSS #reports

MTS reported for 2024 q3:
- Revenue +15.3% YoY (vs +18.5% in previous quarter and historical rate +9.5%)
- EBITDA +5.8% YoY (vs +5.4% in previous quarter and historical rate +2.1%)
- EBITDA margin 29.9% decreased compared to 32.6% same period last year
- Net Debt increased by 36 bln rubles over the past reporting period (11.6% of market cap)
- FCF (LTM) +25.3 bln RUB (positive), 8.2% of market cap
- EV/EBITDA multiple is 3.7x compared to historical level (50th percentile) of 4.3x

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2024-11-20

#MBNK #reports

MTS Bank reported for 2024 q3:
- Revenue +14.8% YoY (vs +23.4% in previous quarter and historical rate +34.7%)
- Net Income -20.7% YoY (vs +29.9% in previous quarter and historical rate +48.7%)
- Net Income 22.3% decreased compared to 32.3% same period last year
- P/E multiple is 3.5x compared to historical level (50th percentile) of 4.5x

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2024-11-20

#LEAS #reports

Europlan reported for 2024 q3:
- Revenue +40.9% YoY (vs +38.3% in previous quarter and historical rate +33.9%)
- Net Income -30.3% YoY (vs +18.3% in previous quarter and historical rate +26.0%)
- Net Income 22.7% decreased compared to 45.9% same period last year
- P/E multiple is 4.9x compared to historical level (50th percentile) of 6.3x

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2024-11-18

#FLOT #reports

SCF Group reported for 2024 q3:
- Revenue -15.7% YoY (vs -10.1% in previous quarter and historical rate +35.2%)
- EBITDA -29.9% YoY (vs -31.1% in previous quarter and historical rate +42.3%)
- EBITDA margin 57.5% decreased compared to 69.1% same period last year
- Net Debt increased by 13.1 bln rubles over the past reporting period (5.8% of market cap)
- FCF (LTM) +85.2 bln RUB (positive), 37.7% of market cap
- EV/EBITDA multiple is 2.3x compared to historical level (50th percentile) of 2.8x
- EV/EBITDA expected multiple is 3.1x

Growth potential changed insignificantly and equals -15.4%

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2024-11-15

#SOFL #reports

Softline reported for 2024 q3:
- Revenue +3.8% YoY (vs +28.1% in previous quarter and historical rate +13.2%)
- EBITDA -58.4% YoY (vs +341.5% in previous quarter and historical rate +40.5%)
- EBITDA margin 3.8% decreased compared to 9.6% same period last year
- Net Debt decreased by 5.7 bln rubles over the past reporting period (16.1% of market cap)
- FCF (LTM) -12.8 bln RUB (negative), 36.2% of market cap
- EV/EBITDA multiple is 14.7x compared to historical level (50th percentile) of 14.8x

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2024-11-14

#SOFL #reports

Softline reported for 2024 q4:
- Revenue +3.8% YoY (vs +28.1% in previous quarter and historical rate +13.2%)
- EBITDA -58.4% YoY (vs +341.5% in previous quarter and historical rate +40.5%)
- EBITDA margin 3.8% decreased compared to 9.6% same period last year
- Net Debt decreased by 5.7 bln rubles over the past reporting period (16.0% of market cap)
- FCF (LTM) -12.8 bln RUB (negative), 35.9% of market cap
- EV/EBITDA multiple is 14.8x compared to historical level (50th percentile) of 10.8x

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2024-11-12

#RTKM #reports

Rostelecom reported for 2024 q3:
- Revenue +11% YoY (vs +10.5% in previous quarter and historical rate +9.9%)
- EBITDA +1.3% YoY (vs +8.6% in previous quarter and historical rate +12.2%)
- EBITDA margin 38.1% decreased compared to 41.7% same period last year
- Net Debt increased by 47 bln rubles over the past reporting period (25.5% of market cap)
- FCF (LTM) -123.1 bln RUB (negative), 66.9% of market cap
- EV/EBITDA multiple is 3x compared to historical level (50th percentile) of 3.9x

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2024-11-11

#AGRO #reports

Rusagro reported for 2024 q3:
- Revenue +6.3% YoY (vs +19.6% in previous quarter and historical rate +17.0%)
- EBITDA -29.4% YoY (vs -23.2% in previous quarter and historical rate +20.5%)
- EBITDA margin 13.9% decreased compared to 21.0% same period last year
- Net Debt decreased by 11.6 bln rubles over the past reporting period (7.1% of market cap)
- FCF (LTM) +15.2 bln RUB (positive), 9.2% of market cap
- EV/EBITDA multiple is 4.3x compared to historical level (50th percentile) of 4.5x
- EV/EBITDA expected multiple is 3.8x

Growth potential decreased by 28.3% to +12.9%

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2024-11-07

#PHOR #reports

Phosagro reported for 2024 q3:
- Revenue +11.5% YoY (vs +26.6% in previous quarter and historical rate +21.1%)
- EBITDA +0.9% YoY (vs +15.2% in previous quarter and historical rate +27.3%)
- EBITDA margin 37.8% decreased compared to 41.7% same period last year
- Net Debt increased by 90.7 bln rubles over the past reporting period (13.4% of market cap)
- FCF (LTM) -12.7 bln RUB (negative), 1.9% of market cap
- EV/EBITDA multiple is 5.5x compared to historical level (50th percentile) of 5.8x
- EV/EBITDA expected multiple is 4.7x

Growth potential decreased by 23.8% to +17.8%

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2024-11-06

#OZON #reports

OZON reported for 2024 q3:
- Revenue +41.1% YoY (vs +30.1% in previous quarter and historical rate +53.2%)
- EBITDA margin 11.0% increased compared to -5.5% same period last year
- Net Debt decreased by 14.5 bln rubles over the past reporting period (2.8% of market cap)
- FCF (LTM) +6.8 bln RUB (positive), 1.3% of market cap

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2024-10-31

#SBER #reports

Sberbank reported for 2024 q3:
- Revenue +13.2% YoY (vs +9.9% in previous quarter and historical rate +13.7%)
- Net Income -0.1% YoY (vs +9.8% in previous quarter and historical rate +45.3%)
- Net Income 37.3% decreased compared to 42.2% same period last year
- P/E multiple is 3.4x compared to historical level (50th percentile) of 4.7x

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2024-10-31

#ELFV #reports

EL5-Energo reported for 2024 q3:
- Revenue +2.2% YoY (vs +5.1% in previous quarter and historical rate +11.7%)
- EBITDA -188.3% YoY (vs +26.4% in previous quarter and historical rate -4.7%)
- EBITDA margin -13.4% decreased compared to 15.5% same period last year
- Net Debt increased by 0.4 bln rubles over the past reporting period (2.3% of market cap)
- FCF (LTM) +0.7 bln RUB (positive), 3.4% of market cap
- EV/EBITDA multiple is 5.3x compared to historical level (50th percentile) of 5.7x

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2024-10-29

#LENT #reports

Lenta reported for 2024 q3:
- Revenue +55.1% YoY (vs +59.7% in previous quarter and historical rate +24.5%)
- EBITDA +141.1% YoY (vs +178.2% in previous quarter and historical rate +37.1%)
- EBITDA margin 8.1% increased compared to 5.2% same period last year
- Net Debt decreased by 0.2 bln rubles over the past reporting period (0.2% of market cap)
- FCF (LTM) -42.9 bln RUB (negative), 43.7% of market cap
- EV/EBITDA multiple is 3.2x compared to historical level (50th percentile) of 4.4x

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2024-10-24

#FIVE #reports

X5 Retail Group reported for 2024 q3:
- Revenue +22.9% YoY (vs +25.1% in previous quarter and historical rate +20.4%)
- EBITDA +16% YoY (vs +18.3% in previous quarter and historical rate +19.2%)
- EBITDA margin 7.3% decreased compared to 7.7% same period last year
- Net Debt increased by 27.3 bln rubles over the past reporting period (3.6% of market cap)
- FCF (LTM) -32.6 bln RUB (negative), 4.3% of market cap
- EV/EBITDA multiple is 3.8x compared to historical level (50th percentile) of 3.8x

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2024-10-24

#MAGN #reports

MMK reported for 2024 q3:
- Revenue -9.9% YoY (vs +13.0% in previous quarter and historical rate +6.0%)
- EBITDA -31.2% YoY (vs -7.8% in previous quarter and historical rate -3.9%)
- EBITDA margin 19.9% decreased compared to 26.0% same period last year
- Net Debt decreased by 11.7 bln rubles over the past reporting period (2.7% of market cap)
- FCF (LTM) +7.3 bln RUB (positive), 1.7% of market cap
- EV/EBITDA multiple is 1.9x compared to historical level (50th percentile) of 2.7x
- EV/EBITDA expected multiple is 1.9x

Growth potential decreased by 19.2% to +33.5%

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2024-10-21

#CHMF #reports

Severstal reported for 2024 q3:
- Revenue +13.6% YoY (vs +21.2% in previous quarter and historical rate +7.9%)
- EBITDA -10.8% YoY (vs -7.0% in previous quarter and historical rate -3.7%)
- EBITDA margin 29.0% decreased compared to 36.9% same period last year
- Net Debt decreased by 18.6 bln rubles over the past reporting period (1.8% of market cap)
- FCF (LTM) +95.4 bln RUB (positive), 9.3% of market cap
- EV/EBITDA multiple is 3.7x compared to historical level (50th percentile) of 4.6x
- EV/EBITDA expected multiple is 3.3x

Growth potential changed insignificantly and equals +36.7%

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2024-10-11

#OZPH #reports

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

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2024-10-08

#YDEX #reports

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

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2024-10-08

#TCSG #reports

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

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2024-10-08

#HEAD #reports

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

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2024-10-07

#YDEX #reports

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

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2024-10-07

#TCSG #reports

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

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

2024-10-07

#HEAD #reports

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

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

2024-10-02

#KAZT #reports

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

Growth potential decreased by 26.7% to -38.7%

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

2024-10-01

#DATA #reports

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

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

2024-09-30

#LSNG #reports

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

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

2024-09-21

#HEAD #reports

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

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

2024-09-20

#VSEH #reports

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

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

2024-09-20

#HEAD #reports

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

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

2024-09-20

#VSEH #reports

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

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

2024-09-20

#ARDT #reports

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

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

2024-09-19

#GEMC #reports

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

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

2024-09-18

#MDMG #reports

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

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

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%

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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%

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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%

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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

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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

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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%

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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%

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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

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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%

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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

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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

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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

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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

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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

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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

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: positive. Prices of production are 0.2% higher compared to the last 12 months (LTM)
Prices of production are at 40.3% percentile over the past 5 years, adjusted for inflation
Dividend yield for the last twelve months 18.7%
Free cash flow yield 27.5% (LTM), projected 33.3%
Share of USD-denominated sales in revenue of the company (estimate) ≈ 0.0%
Share price is 79.9% higher than minimum and 46.9% 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 21% on the change in financial parameters: EBITDA adjustment is 14 553 mln rub as NetDebt * (current key rate - normalized 7%) / 2, expected EBITDA adjusted for key rate increases is 359 848 mln rub, expected mult is 1.7x, target mult is 4.1x, potential is +107.4%

Key Financials (Download financials)

Ticker: NLMK

Share price, RUB: (+13.5%)136.18

year average price 176.83

year start price 178.00 2023-12-23

max close price 256.30 2024-05-23

min close price 114.90 2024-12-17

current price 136.18 2024-12-21

Common stocks: 5 993 230 000

Dividend Yield: 18.7%

FCF Yield LTM / expected: 27.5% / 33.3%

EV / LTM EBITDA: 2.6x

EV / EBITDA annualized: 2.1x

Production prices change from LTM: 0.2%

EV / projected EBITDA:

Target EV / EBITDA (hist percentile):

Express share price potential:

EV / LTM EBITDA mutiple calculation

Market Cap (m RUB): 816 158

Net Debt (m RUB): -79 119

EV (Enterprise Value): 737 039

EBITDA LTM (m RUB): 286 412

Net Income LTM (m RUB): 179 343

EV / LTM EBITDA: 2.6x

Average daily trading volume for the week, RUB mln: 1383

P / E 4.1x

P / B 1.0x

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