Enhanced Investments - Financial Portal

General information

Leading nickel and PGMs producer. Recently enjoys increasing demand due to grow of electric vehicles and renewables. In 2020 faced ecological problems / is likely to pay large (over $2bn) fine, which put certain pressure on the company share prices

Current market environment: negative. Prices of production are 2.7% lower compared to the last 12 months (LTM)
Prices of production are at 6% percentile over the past 5 years, adjusted for inflation (are close to minimun)
Dividend yield for the last twelve months 0.0%
Free cash flow yield -1.0% (LTM), projected -4.9%
Share of USD-denominated sales in revenue of the company (estimate) ≈ 100.0%
Share price is 16.3% higher than minimum and 52.6% lower than maximum for the last 3 years
The company is undervalued by EV / LTM EBITDA multiple compared to target level (5.5x vs
)
The company is overvalued 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 -82 045 mln rub as NetDebt * (current key rate - normalized 7%) / 2, expected EBITDA adjusted for key rate increases is 329 462 mln rub, expected mult is 8.9x, target mult is 7.3x, potential is -29.6%

Key Financials (Download financials)

Ticker: GMKN

Share price, RUB: (0%)114

year average price 140.91

year start price 171.78 2023-11-14

max close price 173.04 2023-11-23

min close price 98.00 2024-10-28

current price 114.00 2024-11-12

Common stocks: 15 365 000 000

Dividend Yield: 0.0%

FCF Yield LTM / expected: -1.0% / -4.9%

EV / LTM EBITDA: 5.5x

EV / EBITDA annualized: 7.7x

Production prices change from LTM: -2.7%

EV / projected EBITDA:

Target EV / EBITDA (hist percentile):

Express share price potential:

EV / LTM EBITDA mutiple calculation

Market Cap (m RUB): 1 751 610

Net Debt (m RUB): 985 650

EV (Enterprise Value): 2 737 260

EBITDA LTM (m RUB): 496 782

Net Income LTM (m RUB): 261 170

EV / LTM EBITDA: 5.5x

Average daily trading volume for the week, RUB mln: 3755

P / E 6.7x

P / B 0.8x

Revenue and EBITDA

Semi-Annual 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

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities.
Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance.
All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
Results for the Enhanced Investments strategies as compared to the performance of Illustrative Benchmarks is for informational purposes only. Our investment program does not mirror that of the Illustrative Benchmarks and the volatility may be materially different from the volatility of Illustrative Benchmarks. Reference or comparison to an Illustrative Benchmark does not imply that strategies of Enhanced Investments will be constructed in the same way as the Illustrative Benchmark or achieve returns, volatility, or other results similar to those of the Illustrative Benchmark. The S&P 500 is an unmanaged market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.