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General information

  • Current market environment: negative. Prices of production are 9.2% lower compared to the last 12 months (LTM)
  • Prices of production are at 5.7% 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 5.6% (LTM), projected -6.2%
  • Share of USD-denominated sales in revenue of the company (estimate) 21.8%
  • Share price is -0.2% higher than minimum and 80.4% lower than maximum for the last 3 years
  • The company is overvalued by EV / LTM EBITDA multiple compared to target level (56.4x vs
    )
  • The company is overvalued by EV / projected EBITDA multiple compared to target level (
    vs
    )
  • Taking into account the impact of the key rate 17.0% on the change in financial parameters: EBITDA adjustment is -13 705 mln rub as NetDebt * (current key rate - normalized 7%) / 2, expected EBITDA adjusted for key rate increases is -13 505 mln rub, expected mult is -22.9x, target mult is 5.4x, potential is -1 070.2%

Key Financials (Download financials)

Ticker: MTLR
Share price, RUB:  (-0.4%)65.25
year average price 94.70  


year start price 109.07 2024-10-14

max close price 129.10 2025-03-20

min close price 65.38 2025-10-03

current price 65.25 2025-10-13
Share price (preferred), RUB:  (-0.2%)61.55
Common stocks: 416 270 000
Dividend Yield:  0.0%
FCF Yield LTM / expected: 5.6% / -6.2%
EV / LTM EBITDA:56.4x
Production prices change from LTM: -9.2%
EV / projected EBITDA:
Target EV / EBITDA (hist percentile):
Express share price potential:
EV / LTM EBITDA mutiple calculation
Market Cap (m RUB): 35 702
Net Debt (m RUB): 272 161
EV (Enterprise Value): 307 863
EBITDA LTM (m RUB): 5 454
Net Income LTM (m RUB): -64 682
EV / LTM EBITDA: 56.4x
Net Debt / LTM EBITDA (if EBITDA > 0): 49.9x
Average daily trading volume for the week, RUB mln: 1232
EBITDA margin ann-d -8.6%
Net income margin ann-d -26.6%

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
Название Инструмент Дата экспирации Последняя цена За день Дневной объем млн руб Цена акции Контанго / бэквордация Annualized
Фьючерсный контракт MTLR-12.25 MCZ5 2025-12-19 6672.00 -1.2% 63.5 65.28 +2.2% +12.6%
Фьючерсный контракт MTLR-3.26 MCH6 2026-03-20 6711.00 -1.5% 1.7 65.28 +2.8% +6.6%
MSFO data *The values are shown in mln RUB 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 76 145-26% 12 429-61% -11 277<-100% -20 256+153% 129+132% -13 402+33%
2025 q1 76 145-17% 12 429-61% -11 277<-100% -20 256>+200% 129+132% -13 402+33%
2024 q4 ( 9336 , 10009 ) 90 763-14% 23 402-41% 3 961-76% -12 086<-100% 114-99% -11 832+40%
2024 q3 90 763-14% 23 402-41% 3 961-76% -12 086<-100% 114-99% -11 832+40%
2024 q2 102 976+6% 31 884-13% 2 272-84% -7 991<-100% 56-81% -10 062+59%
2024 q1 91 710-6% 31 884-13% 2 272-84% -14-99% 56-81% -10 062+59%
2023 q4 ( 7698 , 8929 ) 105 599+43% 39 602 16 784 8 661 8 766 -8 461
2023 q3 105 599 39 602 16 784 8 661 8 766 -8 461
2023 q2 97 343-22% 36 740-33% 14 496-59% 4<-100% 290-67% -6 321-24%
2023 q1 97 343 36 740 14 496 -1 737 290 -6 321
2022 q4 73 931          
2022 q2 124 577+124% 55 166>+200% 34 950<-100% 36 332<-100% 871+143% -8 349
2021 q4   -127 403<-100% -72 240<-100% 27 655-80% -168+81%  
2021 q3 102 913+57% 80 525>+200% 66 570>+200% 86 136<-100% -127<-100% -5 915-9%
2021 q2 55 725-14% 15 144-26% -7 305>+200% -39 609<-100% 358+103%  
2021 q1 76 048+13% 31 759+21% 12 975+64% 8 437<-100% 171-51% -5 263-33%
2020 q4 -194 612<-100% 106 689>+200% 90 643>+200% 139 887<-100% -93<-100%  
2020 q3 65 519-9% 24 719-1% 5 439-35% -29 842<-100% 241>+200% -6 510-23%
2020 q2 64 536-12% 20 329-25% -1 346<-100% 5 900+17% 176-29% -5 316-29%
2020 q1 67 237-10% 26 344-11% 7 930-27% -33 326<-100% 352+52% -7 818-22%
2019 q4 76 454+1% 22 314-25% 2 560+29% -9 142<-100% 66<-100% -9 391-9%
2019 q3 71 657-10% 25 022-26% 8 396-45% 1 397-79% 44<-100% -8 459-18%
2019 q2 73 600-10% 27 153-29% 11 554-40% 5 033+188% 249-97% -7 449-32%
2019 q1 74 8560% 29 608-11% 10 837-19% 11 714>+200% 232+149% -10 085-4%
2018 q4 75 571-1% 29 572-20% 1 978-82% 1 606+164% 13 495>+200% -10 323-9%
2018 q3 79 965+9% 33 592+2% 15 161-4% 6 650+6% 12 698>+200% -10 284-16%
2018 q2 82 186+14% 38 358+21% 19 258+53% 1 749<-100% 7 770>+200% -10 982-6%
2018 q1 74 852-3% 33 296-10% 13 383-26% 3 531-76% 93-27% -10 463-16%
2017 q4 76 316 36 969 10 752<-100% 608-76% 140 -11 337
2017 q3 73 413+11% 33 012+10% 15 738+36% 6 280<-100% 51-33% -12 177-9%
2017 q2 71 970+6% 31 7910% 12 588+16% -8 776<-100% 315-91% -11 704-26%
2017 q1 77 414+24% 36 985+41% 18 089+186% 14 458>+200% 127-72% -12 392-11%
2016 q4     -14 048<-100% 2 562<-100%    
2016 q3 66 153+12% 30 054-21% 11 561+3% -2 466-95% 76+41% -13 447-35%
2016 q2 67 965 31 709+58% 10 867<-100% 8 679-50% 3 432>+200% -15 885+61%
2016 q1 62 232 26 313-12% 6 333-23% 483<-100% 455>+200% -13 915-13%
2015 q4 64 680+6% 13 919-48% 284<-100% -63 972-20% 62>+200% -13 972+88%
2015 q3 59 102 37 926+65% 11 232+171% -52 076+155% 54-2% -20 558+173%
2015 q2   20 015-9% -29 416<-100% 17 263<-100% 22+88% -9 848+47%
2015 q1   29 947+55% 8 203<-100% -16 665-19% 45+47% -16 073+149%
2014 q4 60 998 26 699+33% -3 790-30% -79 667>+200% 9-82% -7 415+29%
2014 q3   22 936+1% 4 148>+200% -20 419>+200% 55+54% -7 532+3%
2014 q2   21 967-1% 1 802<-100% -1 513-92% 12-88% -6 720+27%
2014 q1   19 333-13% -1 272-81% -20 666+21% 31-68% -6 443+22%
2013 q4   20 126-15% -5 416-45% -14 253<-100% 53-90% -5 759+9%
2013 q3   22 617-5% 455<-100% -5 275<-100% 36-93% -7 330+39%
2013 q2   22 256-25% -9 989<-100% -19 212>+200% 97-83% -5 311+8%
2013 q1   22 175 -6 838 -17 120 96 -5 297
2012 q4   23 778-29% -9 783<-100% 195<-100% 541>+200% -5 288+21%
2012 q3   23 778-30% -9 783<-100% 195-97% 541>+200% -5 288+21%
2012 q2   29 642 1 459 -3 954 568 -4 928
2011 q4   33 585+21% 14 357+22% -65<-100% 131-1% -4 374+2%
2011 q3   33 746 14 292 6 269 131 -4 381
2010 q4   27 686 11 794 5 327 132 -4 298


Balance


Implied interest rate for 2025 q2:
= (PercentLoss - PercentProfit) * (365 / periodLength) / (NetDebt - MinorityInterest)
= (13 402 - 129) * 4 / (272 161 - 17 560)

Q Total equity Total assets Net debt Implied interest rate NetDebt / LTM EBITDA
 
2025 q2 -139 887+91% 219 724-17% 272 161-3% 20.9% 49.90x
2025 q1         14.55x
2024 q4 ( 9336 , 10009 ) -99 840+65% 256 772-6% 278 632>+200% 18.0% 8.60x
2024 q3         6.19x
2024 q2 -73 295-14% 265 084-2% 279 5280% 15.3% 4.84x
2024 q1         3.96x
2023 q4 ( 7698 , 8929 ) -60 484-26% 271 856+7% 386   3.32x
2023 q3         3.15x
2023 q2 -84 810+3% 270 272+7% 280 264 9.2% 3.01x
2023 q1         2.36x
2022 q4 -82 256-44% 253 113+7%     1.91x
2022 q2 -82 256-59% 253 113+21%     1.92x
2021 q4 -147 278-36% 237 530+23% 295 724-14%   2.52x
2021 q3 -176 323-29% 218 688+11% 319 397>+200%   3.36x
2021 q2 -198 241-11% 209 210+7% 324 535   4.47x
2021 q1 -221 872-17% 205 081-37% 336 698-31% 6.3% 8.30x
2020 q4 -230 671-1% 193 840-38% 343 366-26%   9.57x
2020 q3 -247 237+11% 197 175-39% 18 394-96% 471.7% 11.29x
2020 q2 -221 9840% 196 306-40%     9.58x
2020 q1 -267 998+20% 323 4880% 491 041+5% 6.2% 9.39x
2019 q4 -233 5970% 312 505-2% 462 779-4% 8.3% 8.39x
2019 q3 -223 495-5% 323 967+2% 468 832-4% 7.4% 8.58x
2019 q2 -222 897-8% 326 793+2% 470 330-6% 6.3% 7.53x
2019 q1 -222 814-9% 322 207+1% 469 417-6% 8.6% 6.77x
2018 q4 -233 195-4% 317 6250% 480 003 -2.7% 6.70x
2018 q3 -235 205-4% 317 544-1% 486 4710% -2.0% 6.16x
2018 q2 -242 244-1% 321 276-1% 497 777+2% 2.6% 6.22x
2018 q1 -244 133 319 127-3% 497 649+4% 8.5% 6.79x
2017 q4 -244 133-3% 319 127-2%     6.39x
2017 q3 -244 133 322 283-1% 485 708+4% 10.0% 6.06x
2017 q2 -244 133+12% 325 238-4% 487 341-6% 9.3% 6.46x
2017 q1   330 275+1% 480 635 10.2% 8.34x
2016 q4 -252 588-4% 325 465-5% 499 808-3%   14.19x
2016 q3   325 465-9% 464 807 11.5% 31.43x
2016 q2 -217 231-17% 340 183-5% 516 280 10.7%  
2016 q1   325 465-11%      
2015 q4 -261 854+67% 342 072-14% 513 444 11.0%  
2015 q3   357 063-21%      
2015 q2 -261 854 358 958-19%      
2015 q1   366 155      
2014 q4 -156 652<-100% 397 661-12%      
2014 q3   450 724      
2014 q2   441 271-10%      
2014 q1          
2013 q4 26 660 454 325-16%      
2013 q3          
2013 q2 46 802 490 188      
2013 q1          
2012 q4   540 768-13%      
2012 q3          
2012 q2          
2011 q4 172 334 620 116      
2011 q3          
2010 q4          


Cashflow


Q Operating cashflow Investing cashflow Financial cashflow
 
2025 q2 16 617+88% -3 178-45% -14 021+99%
2025 q1 16 617+88% -3 178-45% -14 021+99%
2024 q4 ( 9336 , 10009 ) 17 616+9% -4 761-15% -14 388-13%
2024 q3 17 616+9% -4 761-15% -14 388-13%
2024 q2 8 836-44% -5 817+15% -7 033-44%
2024 q1 8 836-44% -5 817+15% -7 033-44%
2023 q4 ( 7698 , 8929 ) 16 148-17% -5 617+101% -16 523+8%
2023 q3 16 148 -5 617 -16 523
2023 q2 15 881-9% -5 074+153% -12 517-8%
2023 q1 15 881 -5 074 -12 517
2022 q4 19 512 -2 796 -15 366
2022 q2 17 489 -2 004 -13 630
2021 q4      
2021 q3 13 869+191% -1 368+132% -10 842+129%
2021 q2      
2021 q1      
2020 q4   -953-48% -10 979-23%
2020 q3 4 758-70% -590-70% -4 734-62%
2020 q2 8 273-35% 87 814<-100% -55 196>+200%
2020 q1 15 959+14% -1 888+192% -55 196>+200%
2019 q4 15 081+5% -1 836-15% -14 227-10%
2019 q3 15 781-17% -1 999+95% -12 517
2019 q2 12 783-30% -1 440+9% -10 807-33%
2019 q1 14 013-16% -646-43% -10 807-33%
2018 q4 14 340-20% -2 160-40% -15 822+16%
2018 q3 18 974+37% -1 024-9%  
2018 q2 18 134+3% -1 327+9% -16 149+10%
2018 q1 16 670+19% -1 136-6% -16 149
2017 q4 17 820-13% -3 583+26% -13 694-21%
2017 q3 13 837+3% -1 127+9% -13 694+8%
2017 q2 17 599+64% -1 214<-100% -14 655+85%
2017 q1 14 026+64% -1 214-35%  
2016 q4 20 442+4% -2 835+11% -17 411<-100%
2016 q3 13 488<-100% -1 030-60% -12 656<-100%
2016 q2 10 750-40% 774<-100% -7 901-26%
2016 q1 8 527+22% -1 878 -7 901
2015 q4 19 738>+200% -2 545-55% 3 324<-100%
2015 q3 -5 713<-100% -2 545-55% 3 324<-100%
2015 q2 17 859+61% -2 429 -10 676
2015 q1 6 983+26%    
2014 q4 2 718-4% -5 667<-100% -5 261+110%
2014 q3 8 731+156% -5 667<-100% -5 261+110%
2014 q2 11 086>+200%    
2014 q1 5 537>+200%    
2013 q4 2 836-72% 116<-100% -2 502-54%
2013 q3 3 414-67% 116<-100% -2 502-54%
2013 q2 1 441-86% -6 192-31% 2 233<-100%
2013 q1 1 441 -6 192 2 233
2012 q4 10 211+48% -5 686-72% -5 392<-100%
2012 q3 10 211+47% -5 686-72% -5 392<-100%
2012 q2 10 101 -9 008 -8 425
2011 q4 6 886<-100% -20 429+137% 16 222+74%
2011 q3 6 930 -20 449 16 222
2010 q4 -1 134 -8 615 9 315
RSBU data *The values are shown in mln RUB The % change shows the difference from the same period last year

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Income


Q Revenue Gross profit Operating income Net income PercentProfit PercentLoss
 
2025 q2 6 197-58% 6 164-58% 5 547-60% -6 417<-100% 635+30% -4 806-11%
2025 q1 5 720+33% 5 680+34% 4 873+39% 2 229<-100% 638+30% -5 668-1%
2024 q4 2 877-42% 2 838-42% 1 888-53% 378<-100% 651+72% -6 360+8%
2024 q3 12 718>+200% -2 747<-100% -3 830<-100% -4 153<-100% 568+50% -5 798+13%
2024 q2 14 860>+200% 14 820>+200% 13 973>+200% 691-80% 490+31% -5 372+45%
2024 q1 4 315+13% 4 254+12% 3 505+9% -6 503<-100% 490+33% -5 744+51%
2023 q4 4 952-68% 4 924-68% 3 983-73% -24 825>+200% 378-1% -5 865+15%
2023 q3 3 959+6% 3 916+6% 3 093-2% 24 588>+200% 3770% -5 153+95%
2023 q2 4 221-42% 4 187-42% 3 587-44% 3 538>+200% 373-1% -3 701-6%
2023 q1 3 808-63% 3 783-63% 3 208-67% 3 250>+200% 369-4% -3 796-24%
2022 q4 15 439-64% 15 410+16% 14 783+16% -2 182<-100% 380 -5 083
2022 q3 3 739-25% 3 699-25% 3 148-28% 172<-100% 379>+200% -2 647-30%
2022 q2 7 312+21% 7 277+21% 6 433+15% 1 036+95% 376>+200% -3 942-2%
2022 q1 10 333+168% 10 295+168% 9 770+193% 941+31% 384>+200% -5 004+20%
2021 q4 43 004>+200% 13 273>+200% 12 744>+200% 1 287<-100%    
2021 q3 ( 5210 , 5211 ) 4 953+76% 4 919+93% 4 344+110% -2 069<-100% 76 -3 771
2021 q2 6 039+61% 6 017+61% 5 573+72% 531+44% 80 -4 015
2021 q1 3 854-18% 3 838-18% 3 336-23% 717<-100% 82 -4 184
2020 q4 3 021+37% 3 002+38% 2 513+47% -1 084-40%    
2020 q3 2 818+21% 2 552+11% 2 067+12% 2<-100%    
2020 q2 3 747-20% 3 734-20% 3 242-23% 369<-100%    
2020 q1 4 722-8% 4 706-8% 4 334-10% -792<-100%    
2019 q4 2 203-17% 2 178-17% 1 712-22% -1 815+53%    
2019 q3 2 326-27% 2 299-27% 1 849-32% 4 933-56%    
2019 q2 4 675+8% 4 657+8% 4 236+8% -202-96%    
2019 q1 5 156+159% 5 138+161% 4 803+195% 623-88%    
2018 q4 2 655 2 628 2 184 -1 190    
2018 q3 3 179 3 158 2 709 11 225    
2018 q2 4 330 4 312 3 929 -4 875    
2018 q1 1 988 1 968 1 627 5 134    


Balance


Implied interest rate for 2025 q2:
= (PercentLoss - PercentProfit) * (365 / periodLength) / (NetDebt - MinorityInterest)
= (4 806 - 635) * 4 / (235 961 - 0)

Q Total equity Total assets Net debt
 
2025 q2 367-96% 240 900-5% 235 961+31%
2025 q1 6 785-15% 247 872-2% 183 765+8%
2024 q4 4 857-66% 255 293-1% 246 594+51%
2024 q3 4 479-89% 252 148-6% 183 704+17%
2024 q2 8 631-41% 253 710+1% 179 758+12%
2024 q1 7 941-45% 252 565-2% 170 176+4%
2023 q4 14 445+83% 257 628+5% 163 585+2%
2023 q3 39 271>+200% 269 318+9% 156 655-4%
2023 q2 14 682+48% 250 580+1% 160 991-3%
2023 q1 14 445+63% 257 6280% 163 585-8%
2022 q4 7 894 245 639 159 740-10%
2022 q3 10 076+27% 246 094-5% 163 523-8%
2022 q2 9 904+25% 248 053-5% 165 694-7%
2022 q1 8 868+12% 258 7090% 177 3300%
2021 q4     177 422-38%
2021 q3 ( 5210 , 5211 ) 7 927 259 938 177 422-38%
2021 q2 7 927 259 938 177 422-37%
2021 q1 7 927 259 938 177 422-35%
2020 q4     286 269+6%
2020 q3     287 402+8%
2020 q2     283 388+5%
2020 q1     272 1470%
2019 q4     268 8730%
2019 q3     266 156-1%
2019 q2     268 7690%
2019 q1     273 316+2%
2018 q4     268 684
2018 q3     268 684
2018 q2     268 684
2018 q1     268 684
More information for subscribed users:
detailed calculation of
Potential and Created Value,
commodities affecting the company