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General information

Grocery retailer, operates hypermarkets. Lately underpefrormed compared to peers. In 2019 was acquired by Severstal holding group
  • Good financial results growth rate 21.1% (average between last period year over year growth for revenue and EBITDA), there is slowdown compared to average historical growth rates (38.3%)
  • Dividend yield for the last twelve months 0.0%
  • Free cash flow yield 8.9% (LTM)
  • Share price is 210.4% higher than minimum and 8.3% lower than maximum for the last 3 years
  • The company is undervalued by EV / LTM EBITDA multiple compared to target level (3.8x vs
    )
  • Fundamental value created in LTM (estimate)

Key Financials (Download financials)

Ticker: LENT
Share price, RUB:  (-2.9%)2017.75
year average price 1641  


year start price 1482 2025-02-07

min close price 1317 2025-03-03

max close price 2200 2026-01-23

current price 2055 2026-02-06
Common stocks: 115 985 197
Dividend Yield:  0.0%
FCF Yield LTM: 8.9%
EV / LTM EBITDA:3.8x
EV / EBITDA annualized: 3.9x
Last revenue growth (y/y):  26.8%
Last growth of EBITDA (y/y):  15.5%
Historical revenue growth:  28.0%
Historical growth of EBITDA:  48.7%
Target EV / EBITDA (hist percentile):
Fundamental value created in LTM:
Fundamental value created in LTM:
 Mult Upside+5.2%
 FCF Creation+8.9%
 Growth+21.1%
 Growth Corr-17.2%
 
 Sum+18.0%
EV / LTM EBITDA mutiple calculation
Market Cap (m RUB): 234 029
Net Debt (m RUB): 71 523
EV (Enterprise Value): 305 552
EBITDA LTM (m RUB): 79 549
Net Income LTM (m RUB): 26 573
EV / LTM EBITDA: 3.8x
Net Debt / LTM EBITDA (if EBITDA > 0): 0.9x
Average daily trading volume for the week, RUB mln: 97
P / E 9.0x
P / E ann-d8.2x
P / B 1.4x
EBITDA margin ann-d 7.3%
Net income margin ann-d 2.7%

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

MSFO data *The values are shown in mln. The % change shows the difference from the same period last year

View as Pivot Table       Export as Pivot Table (xlsx)



Income


Q Revenue Gross profit Operating income Net income PercentProfit PercentLoss
 
2025 q2 265 178+25% 58 233+30% 15 881+43% 7 157+40% 1 326-13% -7 411+20%
2025 q1 265 178+25% 58 233+30% 15 881+43% 7 157+40% 1 326-13% -7 411+20%
2024 q4 263 761+18% 49 262+43% 13 900+128% 5 780<-100% 1 361+30% -6 373+45%
2024 q3 263 761+18% 49 262+43% 13 900+128% 5 780<-100% 1 361+30% -6 373+45%
2024 q2 211 618+60% 44 764+72% 11 123>+200% 5 124<-100% 1 521>+200% -6 167+115%
2024 q1 211 618+60% 44 764+72% 11 123>+200% 5 124<-100% 1 521>+200% -6 167+115%
2023 q4 ( 7765 , 9042 ) 222 782+50% 34 549 6 088 -364 1 047 -4 385
2023 q3 222 782 34 549 6 088 -364 1 047 -4 385
2023 q2 132 514+2% 25 997-18% 1 070-73% -1 538<-100% 402-25% -2 873-4%
2023 q1 132 514+6% 25 997-13% 1 070-80% -1 538<-100% 402-24% -2 873-4%
2022 q4 148 157+12%          
2022 q2 130 089+19% 31 551+27% 3 995-26% 1 615-38% 535>+200% -2 990+44%
2022 q1 125 335+15% 29 834+20% 5 324-2% 2 812+10% 528>+200% -2 986+43%
2021 q4 ( 3016 , 7655 ) 132 776+16% 28 695+13% 6 505-10% 3 219-14% 245+63% -2 458+1%
2021 q3 132 776 28 695 6 505 3 219 245 -2 458
2021 q2 ( 1074 , 1075 , 7644 , 7654 , 7858 , 7859 , 7860 ) 109 044+1% 24 909-2% 5 416-30% 2 587-42% 159-30% -2 081-21%
2021 q1 109 044+1% 24 903-2% 5 447-29% 2 553-37% 159-30% -2 081-21%
2020 q4 114 283+5% 25 395+10% 7 226+35% 3 740<-100% 150 -2 442
2020 q2 108 487+9% 25 352+13% 7 786+56% 4 456<-100% 226-72% -2 648-32%
2020 q1 108 487+9% 25 355+13% 7 666+54% 4 066<-100% 226-72% -2 648-32%
2019 q4 ( 1077 , 7653 ) 109 145-1% 23 165+3% 5 360-14% -232<-100%    
2019 q3 109 145-1% 23 165+3% 5 360-14% -232<-100%    
2019 q2 99 606+3% 22 521+6% 4 985-12% -2 099<-100% 814>+200% -3 905+61%
2019 q1 99 606+3% 22 521+6% 4 985-10% -2 099<-100% 814>+200% -3 905+61%
2018 q4 ( 1079 , 7652 ) 110 171+9% 22 545+12% 6 203-9% 2 930-20% 180+65% -2 500-9%
2018 q3 110 171+9% 22 545+12% 6 203-9% 2 930-20% 180+65% -2 500-9%
2018 q2 ( 1080 , 1081 ) 96 610+18% 21 160+19% 5 656+5% 2 476+20% 69-42% -2 422-16%
2018 q1 96 610+18% 21 160+19% 5 556+3% 2 476+20% 69-42% -2 422-16%
2017 q4 100 824+21% 20 156+15% 6 781+8% 3 644+14% 109-39% -2 759+7%
2017 q3 100 824+21% 20 156+15% 6 781+8% 3 644+14% 109-39% -2 759+7%
2017 q2 81 766+17% 17 767+16% 5 390+6% 2 066-12% 119-63% -2 867+10%
2017 q1 81 766+17% 17 767+16% 5 390+6% 2 066-12% 119-63% -2 867+10%
2016 q4 83 133+21% 17 480+20% 6 268+5% 3 183+20% 178-16% -2 570+3%
2016 q3 83 133+21% 17 480+20% 6 268+5% 3 183+20% 178-16% -2 570+3%
2016 q2 ( 1085 , 1086 ) 70 044+22% 15 328+23% 5 084+13% 2 344+62% 317+149% -2 603-4%
2016 q1 70 044+22% 15 328+23% 5 084+13% 2 344+62% 317+149% -2 603-4%
2015 q4 68 932+28% 14 606+26% 5 982+24% 2 651+1% 212>+200% -2 503+38%
2015 q3 68 932+28% 14 606+26% 5 982+24% 2 651+1% 212>+200% -2 503+38%
2015 q2 ( 1087 , 1088 ) 57 448+34% 12 438+35% 4 490+38% 1 449+9% 127>+200% -2 699+84%
2015 q1 57 448+34% 12 488+36% 4 490+38% 1 449+9% 127>+200% -2 699+84%
2014 q4 54 043+32% 11 555+39% 4 819+28% 2 617+28% 27+105% -1 815+63%
2014 q3 54 043+32% 11 555+39% 4 819+28% 2 617+28% 27+105% -1 815+63%
2014 q2 ( 1090 , 1091 ) 42 949+38% 9 192+40% 3 260+17% 1 3300% 19-24% -1 467+47%
2014 q1 42 949+38% 9 192+40% 3 260+18% 1 3300% 19-55% -1 467+47%
2013 q4 ( 1092 , 1093 ) 41 066 8 290 3 756 2 049 13 -1 114
2013 q3 41 066 8 290 3 756 2 049 13 -1 114
2013 q2 31 065+27% 6 587+39% 2 781+28% 1 329+8% 25-44% -1 001+26%
2013 q1 31 065 6 586 2 767 1 334 43 -1 001
2012 q4            
2012 q2 24 527 4 728 2 181 1 229 45 -792


Balance


Implied interest rate for 2025 q2:
= (PercentLoss - PercentProfit) * (365 / periodLength) / (NetDebt - MinorityInterest)
= (7 411 - 1 326) * 4 / (164 153 - 0)

Q Total equity Total assets Net debt Implied interest rate NetDebt / LTM EBITDA
 
2025 q2 163 302+19% 497 739+11% 164 153+2% 14.8% 0.90x
2025 q1         1.02x
2024 q4 148 988+17% 495 398+7% 152 027-8% 13.2% 0.89x
2024 q3         1.43x
2024 q2 136 772+8% 448 422+35% 161 474+57% 11.5% 1.69x
2024 q1         2.29x
2023 q4 ( 7765 , 9042 ) 126 845-2% 462 169+33% 165 005 8.1% 2.84x
2023 q3         1.95x
2023 q2 126 478-3% 331 802+5% 102 865-20% 9.6% 2.29x
2023 q1         2.40x
2022 q4 130 005 347 562+1%     1.60x
2022 q2 130 005+31% 314 781+14% 128 305+37% 7.7% 1.88x
2022 q1         1.58x
2021 q4 ( 3016 , 7655 )   343 023+24% 120 876+25% 7.3% 1.40x
2021 q3         1.44x
2021 q2 ( 1074 , 1075 , 7644 , 7654 , 7858 , 7859 , 7860 ) 99 587 276 180+4% 93 743-17% 8.2% 1.58x
2021 q1         1.56x
2020 q4   277 373-15% 96 752+25% 9.5% 1.38x
2020 q2   264 957-19% 113 460-17% 8.5% 1.89x
2020 q1         2.04x
2019 q4 ( 1077 , 7653 ) 78 151 325 450+17% 77 137-21%   2.27x
2019 q3         2.23x
2019 q2   327 907+40% 136 973+27% 9.0% 2.78x
2019 q1         2.74x
2018 q4 ( 1079 , 7652 )   278 075+13% 97 783+1% 9.5% 2.58x
2018 q3         2.56x
2018 q2 ( 1080 , 1081 )   235 050+9% 107 589+5% 8.8% 2.81x
2018 q1         2.87x
2017 q4   246 455+9% 96 765+4% 11.0% 2.63x
2017 q3         2.70x
2017 q2   215 719+25% 102 235+44% 10.8% 2.95x
2017 q1         3.04x
2016 q4   226 017+27% 92 895+60% 10.3% 2.84x
2016 q3         2.91x
2016 q2 ( 1085 , 1086 )   172 755+23% 71 178+14% 12.8% 2.24x
2016 q1         2.31x
2015 q4   178 266+26% 57 907-2% 15.8% 1.91x
2015 q3         2.03x
2015 q2 ( 1087 , 1088 )   140 303+52% 62 657+23% 16.4% 2.40x
2015 q1         2.58x
2014 q4 0<-100% 141 192+60% 59 250+49% 12.1% 2.78x
2014 q3         3.02x
2014 q2 ( 1090 , 1091 )   92 586+49% 51 034+48% 11.3% 2.86x
2014 q1         3.00x
2013 q4 ( 1092 , 1093 ) 88 028<-100% 88 028+60% 39 851 11.0% 2.47x
2013 q3         3.51x
2013 q2   62 100+11% 34 548 11.3% 5.23x
2013 q1         10.45x
2012 q4 -1 013 54 984      
2012 q2   56 037      


Cashflow


Q Operating cashflow Investing cashflow Financial cashflow
 
2025 q2 13 019+57% -13 440+193% -7 628+46%
2025 q1 13 019+57% -13 440+193% -7 628+46%
2024 q4 20 912+29% -7 596-72% -11 963<-100%
2024 q3 20 912+29% -7 596-72% -11 963<-100%
2024 q2 8 282<-100% -4 585+143% -5 228<-100%
2024 q1 8 282<-100% -4 585+143% -5 228<-100%
2023 q4 ( 7765 , 9042 ) 16 175+148% -27 546>+200% 16 395<-100%
2023 q3 16 175 -27 546 16 395
2023 q2 -317-87% -1 886-49% 2 620<-100%
2023 q1 -317-73% -1 886-59% 2 620<-100%
2022 q4 6 517-44% -4 313-54% -3 242<-100%
2022 q2 -2 354<-100% -3 670+51% -3 956<-100%
2022 q1 -1 195<-100% -4 649+92% -3 935<-100%
2021 q4 ( 3016 , 7655 ) 11 697+56% -9 451>+200% 334<-100%
2021 q3 11 697 -9 451 334
2021 q2 ( 1074 , 1075 , 7644 , 7654 , 7858 , 7859 , 7860 ) 2 788-10% -2 425+39% 3 887<-100%
2021 q1 2 872-4% -2 425+39% 3 887<-100%
2020 q4 7 497-31% -1 843-50% -18 566>+200%
2020 q2 3 111+168% -1 750-40% -28 421<-100%
2020 q1 3 000+159% -1 750-40% -28 421<-100%
2019 q4 ( 1077 , 7653 ) 10 904+49% -3 689-34% -216<-100%
2019 q3 10 904+49% -3 689-34% -216<-100%
2019 q2 1 160<-100% -2 896-46% 20 338>+200%
2019 q1 1 160<-100% -2 896-46% 20 338>+200%
2018 q4 ( 1079 , 7652 ) 7 307-37% -5 582-25% 6 325>+200%
2018 q3 7 307-37% -5 582-25% 6 325>+200%
2018 q2 ( 1080 , 1081 ) -341<-100% -5 398+8% 1 046-75%
2018 q1 -341<-100% -5 398+8% 1 046-75%
2017 q4 11 652+90% -7 432-52% 180-98%
2017 q3 11 652+90% -7 432-52% 180-98%
2017 q2 48-96% -4 978-38% 4 156<-100%
2017 q1 48-96% -4 978-38% 4 156<-100%
2016 q4 6 125+12% -15 398+81% 8 517+31%
2016 q3 6 125+12% -15 398+81% 8 517+31%
2016 q2 ( 1085 , 1086 ) 1 320<-100% -8 064+37% -434<-100%
2016 q1 1 320<-100% -8 064+37% -434<-100%
2015 q4 5 468+5% -8 497-13% 6 510-7%
2015 q3 5 468+5% -8 497-13% 6 510-7%
2015 q2 ( 1087 , 1088 ) -480<-100% -5 8880% 6 267+61%
2015 q1 -480<-100% -5 8880% 6 267+61%
2014 q4 5 216+47% -9 738+51% 7 015+102%
2014 q3 5 216+47% -9 738+51% 7 015+102%
2014 q2 ( 1090 , 1091 ) 325<-100% -5 896+42% 3 901-14%
2014 q1 325-42% -5 896+41% 3 901-15%
2013 q4 ( 1092 , 1093 ) 3 541+39% -6 459+73% 3 480>+200%
2013 q3 3 541 -6 459 3 480
2013 q2 -488<-100% -4 153+70% 4 562<-100%
2013 q1 564 -4 172 4 596
2012 q4 2 556 -3 741 783
2012 q2 1 865 -2 450 -3
RSBU data *The values are shown in mln. The % change shows the difference from the same period last year

View as Pivot Table       Export as Pivot Table (xlsx)



Income


Q Revenue Gross profit Operating income Net income PercentProfit PercentLoss
 
2025 q3 0-67% 0-67% -29+39% -21+49%    
2025 q2 0-63% 0-63% -27-43% -20-50%    
2025 q1 0+10% 0+10% -55>+200% -44>+200%    
2024 q4 0+88% 0+88% -34+128% 280<-100%    
2024 q3 0+88% 0+88% -21+82% -14+91%    
2024 q2 0+71% 0+71% -47+60% -39+84%    
2024 q1 0+71% 0+71% -14+41% -13+111%    
2023 q4 ( 7861 , 8943 ) 0-15% 0-15% -15+55% -4 584>+200%    
2023 q3 0+16% 0+16% -12+10% -7-35%    
2023 q2 0+12% 0+12% -30+115% -21<-100%    
2023 q1 0-16% 0-16% -10-90% -6-85%    
2022 q4 0+10% 0+10% -10-58% -4<-100%    
2022 q3 ( 4499 , 7649 ) 0-19% 0-19% -11-52% -11-58% 00%  
2022 q2 ( 4500 , 7648 ) 0-14% 0-14% -14-63% 39 834>+200% 00%  
2022 q1 ( 4501 , 4502 , 7647 ) 0+134% 0+134% -99>+200% -39+155% 0<-100%  
2021 q4 ( 4503 , 7646 ) 0 0 -23 1 191 0  
2021 q3 ( 4504 , 7645 ) 0 0 -22 -27 0  
2021 q2 0 0 -37 75 0  
2021 q1 0 0 -25 -15 1  
2020 q4            
2020 q3            
2019 q4            
2018 q4            


Balance


Q Total equity Total assets Net debt
 
2025 q3 180 8710% 183 5610% -3-80%
2025 q2 180 8920% 183 5770% -21>+200%
2025 q1 180 9120% 183 6420% -31+33%
2024 q4 180 9560% 183 6450% -9>+200%
2024 q3 180 675-3% 183 356-2% -17-71%
2024 q2 180 690-3% 183 365-2% -5-92%
2024 q1 180 7290% 183 4110% -23>+200%
2023 q4 ( 7861 , 8943 ) 180 741-2% 183 417-2% -2-98%
2023 q3 185 3250% 187 9950% -60-92%
2023 q2 185 3320% 187 9980% -67-91%
2023 q1 180 741+44% 183 417+24% -2<-100%
2022 q4 185 360+48% 188 024+47% -103-89%
2022 q3 ( 4499 , 7649 ) 185 364+49% 188 030+47% -738-24%
2022 q2 ( 4500 , 7648 ) 185 376+48% 188 047+47% -730-22%
2022 q1 ( 4501 , 4502 , 7647 ) 125 5420% 148 209+16% -899<-100%
2021 q4 ( 4503 , 7646 ) 125 581 128 247 -937+5%
2021 q3 ( 4504 , 7645 ) 124 390 128 280 -966+8%
2021 q2 125 581 128 247 -937
2021 q1 125 581 128 247 60 817
2020 q4     -892<-100%
2020 q3     -892
2019 q4     80 972-18%
2018 q4     98 196
More information for subscribed users:
detailed calculation of
Potential and Created Value,
commodities affecting the company