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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: negative. Prices of production are 7.6% lower compared to the last 12 months (LTM)
  • Prices of production are at 19.5% percentile over the past 5 years, adjusted for inflation
  • Dividend yield for the last twelve months 7.4%
  • Free cash flow yield 8.2% (LTM), projected 8.5%
  • Share of USD-denominated sales in revenue of the company (estimate) ≈ 0.0%
  • Share price is 50.2% higher than minimum and 43.7% lower than maximum for the last 3 years
  • The company is undervalued by EV / LTM EBITDA multiple compared to target level (2.3x vs
    )
  • The company is undervalued by EV / projected EBITDA multiple compared to target level (
    vs
    )
  • Taking into account the impact of the key rate 20.0% on the change in financial parameters: EBITDA adjustment is 5 279 mln rub as NetDebt * (current key rate - normalized 7%) / 2, expected EBITDA adjusted for key rate increases is 137 396 mln rub, expected mult is 2.2x, target mult is 2.4x, potential is +7.9%

Key Financials (Download financials)

Ticker: MAGN
Share price, RUB:  (-1.0%)33.71
year average price 38.46  


year start price 53.84 2024-07-06

max close price 53.85 2024-07-08

min close price 29.30 2025-05-27

current price 33.71 2025-07-05
Common stocks: 11 174 330 000
Dividend Yield:  7.4%
FCF Yield LTM / expected: 8.2% / 8.5%
EV / LTM EBITDA:2.3x
EV / EBITDA annualized: 3.7x
Production prices change from LTM: -7.6%
EV / projected EBITDA:
Target EV / EBITDA (hist percentile):
Express share price potential:
EV / LTM EBITDA mutiple calculation
Market Cap (m RUB): 376 687
Net Debt (m RUB): -72 743
EV (Enterprise Value): 303 944
EBITDA LTM (m RUB): 130 729
Net Income LTM (m RUB): 59 132
EV / LTM EBITDA: 2.3x
Net Debt / LTM EBITDA (if EBITDA > 0): -0.6x
Average daily trading volume for the week, RUB mln: 804
P / E 6.4x
P / E ann-d30.0x
P / B 0.6x
EBITDA margin ann-d 12.9%
Net income margin ann-d 2.0%

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