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General information

TOP-2 grocery retailer; substantial stake held by VTB state bank. Lately underperformed compared to X5 retail

Pretty weak financial results growth rate 2.2% (average between last period year over year growth for revenue and EBITDA), there is slowdown compared to average historical growth rates (8.4%)
Dividend yield for the last twelve months 0.0%
Free cash flow yield -139.4% (LTM)
Share price is 0.0% higher than minimum and 71.0% lower than maximum for the last 3 years
The company is overvalued by EV / LTM EBITDA multiple compared to target level (4.0x vs
)
Fundamental value created in LTM (estimate)

Key Financials (Download financials)

Ticker: MGNT

Share price, RUB: (-1.4%)2438

year average price 3244

year start price 4271 2025-05-17

max close price 4271 2025-05-17

min close price 2438 2026-05-15

current price 2438 2026-05-16

Common stocks: 71 642 730

Dividend Yield: 0.0%

FCF Yield LTM: -139.4%

EV / LTM EBITDA:4.0x

EV / EBITDA annualized: 4.0x

Last revenue growth (y/y): 16.0%

Last growth of EBITDA (y/y): -11.6%

Historical revenue growth: 14.4%

Historical growth of EBITDA: 2.4%

Target EV / EBITDA (hist percentile):

Fundamental value created in LTM:

Потенциал с учетом ускорения/замедления

	Mult Upside	-12.5%
	FCF Creation	-139.4%
	Growth	+2.2%
	Growth Corr	-6.3%

	Sum	-156.0%

EV / LTM EBITDA mutiple calculation

Market Cap (m RUB): 174 665

Net Debt (m RUB): 496 300

EV (Enterprise Value): 670 965

EBITDA LTM (m RUB): 169 276

Net Income LTM (m RUB): -20 947

EV / LTM EBITDA: 4.0x

Net Debt / LTM EBITDA (if EBITDA > 0): 2.9x

Average daily trading volume for the week, RUB mln: 620

P / B 1.2x

EBITDA margin ann-d 4.6%

Net income margin ann-d -1.1%

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

Фьючерсы

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Название	Инструмент	Дата экспирации	Последняя цена	За день	Дневной объем млн руб	Цена акции	Контанго / бэквордация	Annualized
Фьючерсный контракт MGNT-6.26	MNM6	2026-06-19	2470.00	+0.1%	114.1	2438	+1.3%	+15.0%
Фьючерсный контракт MGNT-9.26	MNU6	2026-09-18	2566.00	0.0%	6.6	2438	+5.3%	+16.1%

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 q4	918 001+16%	200 612+15%	32 276-13%	-10 551<-100%	6 452+61%
2025 q3	918 001+16%	200 612+15%	32 276-13%	-10 551<-100%	6 452+61%
2025 q2	836 612+15%	186 362+13%	36 519+11%	77-99%	6 167+36%
2025 q1	836 612+15%	186 362+13%	36 519+10%	77-99%	6 167+36%
2024 q4	791 688+15%	174 179+19%	36 926+9%	11 869-15%	3 999-36%
2024 q3	791 688+15%	174 179+19%	36 926+9%	11 869-15%	3 999-36%
2024 q2	730 029+15%	164 285+17%	32 913-2%	8 504-50%	4 545-18%	-23 238+12%
2024 q1	730 029+15%	164 285+17%	33 192-1%	8 727-49%	4 545-18%
2023 q4	686 748+11%	146 309+8%	33 990+57%	13 890>+200%	6 216+74%	-21 308+25%
2023 q3	686 748+11%	146 309+8%	33 990+57%	13 890>+200%	6 216+74%
2023 q2	632 659+7%	140 261+6%	33 548+1%	17 008+16%	5 555+112%	-20 686+30%
2023 q1	632 659+7%	140 261+6%	33 548+1%	17 008+16%	5 555+112%
2022 q4	621 308+14%	134 943+18%	21 653-23%	4 420-64%	3 571>+200%	-17 039+39%
2022 q3	621 308+14%	134 943+18%	21 653-23%	4 420-64%	3 571>+200%
2022 q2	588 558+39%	132 173+39%	33 057+35%	14 671+32%	2 623>+200%	-15 973+48%
2022 q1	588 558+39%	132 173+37%	33 057+35%	14 671+32%	2 623>+200%
2021 q4	544 553+34%	114 324+24%	28 115+26%	12 319+42%	696>+200%	-12 281+10%
2021 q3	544 553<-100%	114 324+24%	28 115+26%	12 319+42%	696>+200%
2021 q2	424 341+10%	95 245+6%	24 553+15%	11 150+54%	461+179%	-10 761-7%
2021 q1	424 341+10%	96 293+7%	24 553+19%	11 150+62%	461+179%
2020 q4	407 227<-100%	91 998+18%	22 289+46%	8 703>+200%	113+78%	-11 193-6%
2020 q3	-1 146 550<-100%	91 998+18%	22 289+46%	8 703>+200%	113+78%
2020 q2	387 323+14%	89 761+16%	21 386+45%	7 250>+200%	165+102%	-11 633
2020 q1	387 323	89 761	20 607	6 886	165
2019 q4	-2 908 970 563 341 345<-100%	78 113+5%	15 217+18%	2 559-69%	64+21%	-11 945>+200%
2019 q3	368 205+11%	78 113+5%	15 217+18%	2 559-69%	64
2019 q2	340 675+11%	77 6610%	14 711-1%	1 886-6%	82
2019 q1
2018 q4	331 641+10%	74 287-2%	12 932-8%	8 327-1%	53	-2 318-29%
2018 q3	331 641+10%	74 287-2%	12 932-8%	8 327-1%		-2 318-29%
2018 q2	306 702+6%	77 799+5%	14 849-8%	1 996-81%		-11 857>+200%
2018 q1	306 702+6%	73 586-4%	13 412-17%	8 882-14%		-2 181-31%
2017 q4 ( 1244 , 1245 )	302 328+9%	76 123+2%	14 069-32%	8 388-39%		-3 2710%
2017 q3	302 328+9%	76 123+2%	14 069-32%	8 388-39%		-3 2710%
2017 q2 ( 1246 , 1247 )	288 042+10%	74 283+5%	16 197-18%	10 374-21%		-3 166-8%
2017 q1	288 042+10%	76 273+7%	16 197-18%	10 374-21%		-3 166-8%
2016 q4 ( 1248 , 1249 )	276 642+13%	74 909-5%	20 765-14%	13 785-21%		-3 280-3%
2016 q3	276 642-15%	74 909-5%	20 765-14%	13 785-21%		-3 280-3%
2016 q2 ( 1250 , 1251 )	260 764+15%	71 031+12%	19 777+2%	13 054+3%		-3 455+14%
2016 q1	260 764+38%	71 031+22%	19 777+11%	13 054+12%		-3 455+24%
2015 q4 ( 1252 , 1253 )	245 207+25%	78 500+37%	24 113+33%	17 494+38%		-3 373+96%
2015 q3	326 076+66%	78 500+37%	24 113+33%	17 494+38%		-3 373+96%
2015 q2	225 965+30%	63 530+31%	19 388+37%	12 633+29%		-3 024+102%
2015 q1	188 952+8%	58 360+20%	17 810+26%	11 605+19%		-2 778+86%
2014 q4 ( 1255 , 1256 )	196 399+30%	57 336+31%	18 191+33%	12 634+31%		-1 717+33%
2014 q3	196 399+30%	57 336+31%	18 191+33%	12 634+31%		-1 717+33%
2014 q2	174 331+25%	48 514+28%	14 100+32%	9 783+32%		-1 495+24%
2014 q1	174 331+25%	48 514+28%	14 100+32%	9 783+32%		-1 495+24%
2013 q4 ( 1258 , 1259 )	150 987+32%	43 624+42%	13 705+44%	9 656+46%		-1 291+25%
2013 q3	150 987+32%	43 624+42%	13 705+44%	9 656+46%		-1 291+25%
2013 q2	139 284+32%	37 970+41%	10 706+36%	7 425+40%		-1 204+26%
2013 q1	139 284+32%	37 970+41%	10 706+36%	7 425+40%		-1 204+26%
2012 q4 ( 1261 , 1262 )	114 266+22%	30 644+32%	9 490+60%	6 601+78%		-1 031+4%
2012 q3	114 266+22%	30 644+32%	9 490+60%	6 601+78%		-1 031+4%
2012 q2	105 418+38%	27 002+56%	7 861+134%	5 288+169%		-958+44%
2012 q1	105 418+38%	27 002+56%	7 861+134%	5 288+169%		-958+44%
2011 q4	93 326+51%	23 144+65%	5 927+49%	3 701+35%		-989>+200%
2011 q3	93 326+51%	23 144+65%	5 927+49%	3 701+35%		-989>+200%
2011 q2	76 542+42%	17 296+49%	3 363<-100%	1 964-5%		-666>+200%
2011 q1	76 542+42%	17 309+49%	3 363<-100%	1 964-5%		-666>+200%
2010 q4	61 804+42%	13 994+37%	3 987<-100%	2 739+21%		-308-24%
2010 q3	61 804+42%	13 994+37%	3 987<-100%	2 739+21%		-308-24%
2010 q2	54 060+45%	11 611+34%	-8 836+40%	2 057+11%		-156-66%
2010 q1	54 060+45%	11 611+34%	-8 836+40%	2 057+11%		-156-66%
2009 q4	43 544+4%	10 247+13%	-7 326<-100%	2 260+53%		-407-14%
2009 q3	43 544	10 247	-7 326	2 260		-407
2009 q2	37 284-4%	8 686+8%	-6 327-5%	1 849+79%		-457-1%
2009 q1	37 284	8 686	-6 327	1 849		-457
2008 q4	41 927	9 091	2 507	1 473		-472
2008 q2	38 728	8 076	-6 649	1 034		-460

Balance

Implied interest rate for 2024 q2:
= (PercentLoss - PercentProfit) * (365 / periodLength) / (NetDebt - MinorityInterest)
= (23 238 - 4 545) * 4 / (777 163 - 5 064)

Q	Total equity	Total assets	Net debt	Implied interest rate	NetDebt / LTM EBITDA


2025 q4	149 801-17%	1 951 425+25%	1 096 817+38%		2.93x
2025 q3					2.65x
2025 q2	184 025+21%	1 670 048+19%	1 002 868+29%		2.39x
2025 q1					1.94x
2024 q4	181 314+14%	1 563 914+9%	797 506+17%		1.47x
2024 q3					1.42x
2024 q2	152 018-37%	1 398 2110%	777 163+35%	9.7%	1.37x
2024 q1					1.14x
2023 q4	158 467-24%	1 429 543+2%	684 550+24%	8.8%	1.00x
2023 q3					0.93x
2023 q2	240 397+15%	1 400 140+16%	574 373-8%	10.5%	0.72x
2023 q1					0.70x
2022 q4	207 382+16%	1 395 998+15%	551 027-19%	9.8%	0.70x
2022 q3					0.91x
2022 q2	208 356+15%	1 207 532+17%	625 568+20%	8.5%	1.19x
2022 q1					1.60x
2021 q4	178 985-2%	1 209 444+28%	681 865+36%	6.8%	1.48x
2021 q3					1.92x
2021 q2	181 798-3%	1 032 945+10%	522 640-6%	7.9%	1.19x
2021 q1					1.41x
2020 q4	182 889-3%	945 3920%	502 738-8%	8.8%	1.11x
2020 q3					1.76x
2020 q2	187 302-7%	936 276+1%	556 002+5%	8.2%	2.01x
2020 q1					2.21x
2019 q4	188 533-26%	948 689+55%	546 419>+200%	8.7%	2.11x
2019 q3					2.10x
2019 q2	201 041-24%	923 325+74%	531 512>+200%		2.06x
2019 q1					1.57x
2018 q4	253 304-2%	611 588+16%	150 966+40%	6.0%	1.53x
2018 q3					1.18x
2018 q2	263 263+25%	531 641+13%	118 467-15%	40.0%	1.19x
2018 q1					1.17x
2017 q4 ( 1244 , 1245 )	259 307+32%	526 325+16%	107 908-12%	12.1%	1.18x
2017 q3					1.44x
2017 q2 ( 1246 , 1247 )	210 451+13%	471 250+13%	139 009+21%	9.1%	1.35x
2017 q1					1.12x
2016 q4 ( 1248 , 1249 )	196 077+18%	454 915+11%	122 767+8%	10.7%	1.07x
2016 q3					1.10x
2016 q2 ( 1250 , 1251 )	186 476+20%	415 557+17%	115 020+24%	12.0%	1.09x
2016 q1					0.90x
2015 q4 ( 1252 , 1253 )	166 743+16%	408 115+18%	113 677+24%	11.9%	0.91x
2015 q3					1.12x
2015 q2	155 625+13%	355 888+26%	92 827+47%	13.0%	1.78x
2015 q1					3.55x
2014 q4 ( 1255 , 1256 )	143 652+13%	344 761+28%	91 872+37%	7.5%
2014 q3
2014 q2	138 225+26%	282 955+23%	63 181+21%	9.5%
2014 q1
2013 q4 ( 1258 , 1259 )	126 589+27%	269 088+21%	66 905+33%	7.7%
2013 q3
2013 q2	109 356+27%	230 845+30%	52 021+17%	9.3%
2013 q1
2012 q4 ( 1261 , 1262 )	99 848+27%	221 888+27%	50 349+43%	8.2%
2012 q3
2012 q2	85 977+56%	177 906+33%	44 439+5%	8.6%
2012 q1
2011 q4	78 510+49%	174 967+55%	35 090+36%	11.3%
2011 q3
2011 q2	55 231+19%	133 758+70%	42 181>+200%	6.3%
2011 q1
2010 q4	52 662+18%	112 772+42%	25 849>+200%	4.8%
2010 q3
2010 q2	46 389+67%	78 817+35%	9 022-34%	6.9%
2010 q1
2009 q4	44 683	79 294	1 293	126.0%
2009 q3
2009 q2	27 837	58 189	13 693	13.4%
2009 q1
2008 q4
2008 q2

Cashflow

Q	Operating cashflow	Investing cashflow	Financial cashflow


2025 q4	11 251-79%	-56 877+34%	67 510<-100%
2025 q3	11 251-79%	-56 877+34%	67 510<-100%
2025 q2
2025 q1
2024 q4	53 579+29%	-42 553+70%	-14 871-68%
2024 q3	53 579+29%	-42 553+70%	-14 871-68%
2024 q2	33 996+84%	-22 452+70%	-63 210>+200%
2024 q1	33 996+84%	-22 452+70%	-63 210>+200%
2023 q4	41 534-30%	-25 005+91%	-47 125<-100%
2023 q3	41 534-32%	-25 005+156%	-47 125<-100%
2023 q2	18 431-66%	-13 225-43%	-16 587-7%
2023 q1	18 431-66%	-13 225-43%	-16 587-7%
2022 q4	59 120+23%	-13 113-66%	14 587<-100%
2022 q3	60 846+27%	-9 785-75%	25 404<-100%
2022 q2	53 943+110%	-23 096+110%	-17 865<-100%
2022 q1	53 943+110%	-23 096+110%	-17 865<-100%
2021 q4	47 928+20%	-38 572>+200%	-13 900-48%
2021 q3	47 928+20%	-38 572>+200%	-13 900-48%
2021 q2	25 685+59%	-10 972+93%	27 619<-100%
2021 q1	25 685-13%	-10 972+90%	27 619<-100%
2020 q4	40 063+64%	-7 753-49%	-26 825+98%
2020 q3	40 063+64%	-7 753-49%	-26 825+98%
2020 q2	16 109-41%	-5 696-47%	-4 288-53%
2020 q1	29 423+98%	-5 760-46%	-4 318-53%
2019 q4	24 453+38%	-15 212+6%	-13 550<-100%
2019 q3	24 453+38%	-15 212+6%	-13 550<-100%
2019 q2	27 120+53%	-10 687+8%	-9 102-23%
2019 q1	14 871+31%	-10 687+5%	-9 102+78%
2018 q4	17 782+2%	-14 346-29%	667-87%
2018 q3	17 782+2%	-14 346-29%	667-87%
2018 q2	17 713+108%	-9 850-28%	-11 765>+200%
2018 q1	11 390+34%	-10 171-26%	-5 121>+200%
2017 q4 ( 1244 , 1245 )	17 493+2%	-20 178+53%	5 103<-100%
2017 q3	17 493+2%	-20 178+53%	5 103<-100%
2017 q2 ( 1246 , 1247 )	8 528-27%	-13 660+29%	-344-88%
2017 q1	8 528-27%	-13 660+29%	-344-88%
2016 q4 ( 1248 , 1249 )	17 094-23%	-13 183-18%	-604-92%
2016 q3	17 094-23%	-13 183-18%	-604-92%
2016 q2 ( 1250 , 1251 )	11 759-35%	-10 572-15%	-2 940-66%
2016 q1	11 759-29%	-10 572-7%	-2 940-60%
2015 q4 ( 1252 , 1253 )	22 101+50%	-16 018+7%	-7 586<-100%
2015 q3	22 101+50%	-16 018+7%	-7 586<-100%
2015 q2	18 168+10%	-12 393+22%	-8 663+16%
2015 q1	16 642+1%	-11 384+12%	-7 327-2%
2014 q4 ( 1255 , 1256 )	14 736+33%	-14 984+5%	4 542+172%
2014 q3	14 736+33%	-14 984+5%	4 542+172%
2014 q2	16 504+38%	-10 142-2%	-7 484+102%
2014 q1	16 504+38%	-10 142-2%	-7 484+102%
2013 q4 ( 1258 , 1259 )	11 094+8%	-14 327+14%	1 671-46%
2013 q3	11 094+8%	-14 327+14%	1 671-46%
2013 q2	11 964+88%	-10 338-2%	-3 696+60%
2013 q1	11 964+91%	-10 338-1%	-3 696+60%
2012 q4 ( 1261 , 1262 )	10 274+19%	-12 589-7%	3 089-67%
2012 q3	10 274+19%	-12 589-7%	3 089-67%
2012 q2	6 351+71%	-10 502-17%	-2 307<-100%
2012 q1	6 274+70%	-10 426-18%	-2 307<-100%
2011 q4	8 633+141%	-13 598+29%	9 254+47%
2011 q3	8 633+141%	-13 598+29%	9 254+47%
2011 q2	3 722+51%	-12 696+107%	8 134<-100%
2011 q1	3 684+50%	-12 658+107%	8 134<-100%
2010 q4	3 580-3%	-10 581+187%	6 313+95%
2010 q3	3 580-3%	-10 581+187%	6 313+95%
2010 q2	2 458>+200%	-6 127+104%	-1 536<-100%
2010 q1	2 458>+200%	-6 127+104%	-1 536<-100%
2009 q4	3 700+12%	-3 688-18%	3 241+107%
2009 q3	3 700	-3 688	3 241
2009 q2	746-69%	-2 998-45%	912-59%
2009 q1	746	-2 998	912
2008 q4	3 293	-4 511	1 569
2008 q2	2 392	-5 433	2 251

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	1030%	86-4%	-387>+200%	1 042-27%	16 917>+200%	-14 606>+200%
2025 q2	1030%	86+4%	-405-64%	1 619-95%	14 678>+200%	-12 755>+200%
2025 q1	1030%	86-1%	-43>+200%	1 349+1%	9 362+193%	-6 756>+200%
2024 q4	103-5%	87-9%	-101>+200%	28 918-70%	4 643+165%	-2 818+86%
2024 q3	103-36%	90-37%	-42>+200%	1 421>+200%	3 973+125%	-1 922+27%
2024 q2	103-32%	83-39%	-1 133<-100%	32 099>+200%	3 263+69%	-1 370-18%
2024 q1	103-25%	87-29%	-14+175%	1 339>+200%	3 201+64%	-1 498-12%
2023 q4	108-40%	96-41%	-2<-100%	97 772>+200%	1 749+16%	-1 519+20%
2023 q3	161-7%	143-13%	-2<-100%	201-27%	1 765+25%	-1 512+32%
2023 q2	151-14%	135-18%	50<-100%	247<-100%	1 926+31%	-1 667+39%
2023 q1	138-25%	122-29%	-5<-100%	118-44%	1 956+18%	-1 706+25%
2022 q4	181-2%	162-5%	66>+200%	148<-100%	1 501-11%	-1 262-18%
2022 q3	173-2%	165+4%	78+77%	276-84%	1 408-13%	-1 148-26%
2022 q2	176-10%	164-8%	-661+11%	-363<-100%	1 4670%	-1 198-6%
2022 q1	183+18%	171+25%	52<-100%	211-41%	1 659+25%	-1 370+6%
2021 q4	184-29%	171-30%	10-93%	30 489>+200%	1 692	-1 541
2021 q3	177-3%	158-4%	44+20%	1 717-93%	1 616	-1 541
2021 q2	196+2%	178+1%	-595>+200%	24 519>+200%	1 472	-1 281
2021 q1	155+16%	137+17%	-410+66%	355+167%	1 323	-1 286
2020 q4	260+88%	243+101%	147>+200%	226-99%
2020 q3	181+20%	166+23%	37-17%	25 650+65%
2020 q2	193-18%	177-19%	-174-61%	2 119-53%
2020 q1	133-5%	117-5%	-247-58%	133-34%
2019 q4	138+33%	121+40%	38<-100%	20 249+22%
2019 q3	152+46%	135+57%	44>+200%	15 561+199%
2019 q2	236+128%	219+159%	-446>+200%	4 490-41%
2019 q1	140+35%	123+44%	-594>+200%	201-87%
2018 q4 ( 4741 , 4742 )	104	87	0	16 604
2018 q3	104	86	3	5 199
2018 q2	104	85	-100	7 664
2018 q1	104	85	-65	1 531

Balance

Implied interest rate for 2025 q3:
= (PercentLoss - PercentProfit) * (365 / periodLength) / (NetDebt - MinorityInterest)
= (14 606 - 16 917) * 4 / (35 684 - 0)

Q	Total equity	Total assets	Net debt


2025 q3	212 136+18%	570 631+120%	35 684+112%
2025 q2	211 094+19%	480 056+77%	90 883<-100%
2025 q1	209 476+12%	435 660+68%	72 950<-100%
2024 q4	208 127+12%	307 786+3%	-28 801<-100%
2024 q3	179 209+37%	259 762+28%	16 802-57%
2024 q2	177 788+36%	270 839+35%	-17 298<-100%
2024 q1	187 689+44%	259 584+14%	-13 909<-100%
2023 q4	186 350+43%	299 129+42%	37 757+106%
2023 q3	130 661+1%	202 2500%	39 294>+200%
2023 q2	130 459+1%	201 2260%	37 856>+200%
2023 q1	130 2130%	227 396+7%	47 526+54%
2022 q4	130 0950%	211 027-16%	18 309+17%
2022 q3	129 9460%	201 492-20%	8 854-43%
2022 q2	129 6700%	200 581-20%	8 170-48%
2022 q1	130 0330%	211 904-16%	30 855+97%
2021 q4	129 823	251 106	15 626-29%
2021 q3	129 823	251 106	15 626-73%
2021 q2	129 823	251 106	15 626-65%
2021 q1	129 823	251 106	15 626-16%
2020 q4			22 003<-100%
2020 q3			58 730+136%
2020 q2			45 173+80%
2020 q1			18 502-5%
2019 q4			-1 692-97%
2019 q3			24 864<-100%
2019 q2			25 090<-100%
2019 q1			19 403<-100%
2018 q4 ( 4741 , 4742 )			-58 624
2018 q3			-13 376
2018 q2			-13 376
2018 q1			-13 376

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.