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General information

Largest white goods retailer; recently showed quite good financial performance
  • Bad financial results growth rate -41.8% (average between last period year over year growth for revenue and EBITDA), there is slowdown compared to average historical growth rates (0.8%)
  • Dividend yield for the last twelve months 0.0%
  • Free cash flow yield -62.6% (LTM)
  • Share price is 8.6% higher than minimum and 72.2% lower than maximum for the last 3 years
  • The company is overvalued by EV / LTM EBITDA multiple compared to target level (6.5x vs
    )
  • Fundamental value created in LTM (estimate)

Key Financials (Download financials)

Ticker: MVID
Share price, RUB:  (+1.6%)62.75
year average price 93.67  


year start price 101.20 2024-11-09

max close price 131.80 2025-03-24

min close price 57.80 2025-09-29

current price 62.75 2025-11-08
Common stocks: 179 770 000
Dividend Yield:  0.0%
FCF Yield LTM: -62.6%
EV / LTM EBITDA:6.5x
EV / EBITDA annualized: 16.4x
Last revenue growth (y/y):  -15.2%
Last growth of EBITDA (y/y):  -68.5%
Historical revenue growth:  -2.4%
Historical growth of EBITDA:  3.9%
Target EV / EBITDA (hist percentile):
Fundamental value created in LTM:
Fundamental value created in LTM:
 Mult Upside-460.5%
 FCF Creation-62.6%
 Growth-41.8%
 Growth Corr-42.6%
 
 Sum-607.5%
EV / LTM EBITDA mutiple calculation
Market Cap (m RUB): 11 281
Net Debt (m RUB): 159 346
EV (Enterprise Value): 170 627
EBITDA LTM (m RUB): 26 400
Net Income LTM (m RUB): -34 952
EV / LTM EBITDA: 6.5x
Net Debt / LTM EBITDA (if EBITDA > 0): 6.0x
Average daily trading volume for the week, RUB mln: 23
EBITDA margin ann-d 3.0%
Net income margin ann-d -14.7%

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

Фьючерсы
Название Инструмент Дата экспирации Последняя цена За день Дневной объем млн руб Цена акции Контанго / бэквордация Annualized
Фьючерсный контракт MVID-12.25 MVZ5 2025-12-19 587.00 +0.5% 4.5 62.75 -6.5% -44.8%
Фьючерсный контракт MVID-3.26 MVH6 2026-03-20 582.00 -0.5% 0.2 62.75 -7.3% -18.8%
MSFO data *The values are shown in mln. 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 H1 171 233-15% 26 989-35% -7 559<-100% -25 159+144% 505+14% -26 632+61%
2024 H2 249 758-2% 49 338-6% 8 230-33% -9 793>+200% 784>+200% -23 826+86%
2024 H1 201 884+13% 41 627+6% 3 720-7% -10 328+68% 443+44% -16 527+40%
2023 H2 255 186+39% 52 215+37% 12 314+194% -477-92% 225<-100% -12 777+23%
2023 H1 179 204-18% 39 163-13% 3 983+12% -6 136+33% 307-84% -11 826+7%
2022 H2 183 647-30% 38 101-22% 4 182+31% -5 693>+200% -518<-100% -10 398+29%
2022 H1 218 815+2% 45 006+16% 3 566+39% -4 606+26% 1 885>+200% -11 074+74%
2021 H2 263 588+6% 48 832-11% 3 191-72% -356<-100% 88-38% -8 056+22%
2021 H1 215 570+24% 38 747-13% 2 573-78% -3 647<-100% 76-78% -6 361+4%
2020 H2 248 155+22% 54 564+11% 11 452-23% 3 172-44% 143+107% -6 5910%
2020 H1 173 934+8% 44 681+7% 11 475+25% 3 369+126% 348+54% -6 142-3%
2019 H2 203 7410% 49 297+3% 14 937+55% 5 641+44% 69-73% -6 619+141%
2019 H1 161 402+37% 41 776+36% 9 177+39% 1 493-68% 226-8% -6 342>+200%
2018 H2 202 948+77% 48 017+87% 9 633+81% 3 931-12% 252-8% -2 751+169%
2018 H1 118 118+42% 30 753+47% 6 616+132% 4 684+88% 245-36% -866
2017 H2 ( 1621 , 1622 ) 114 833+48% 25 642+11% 5 332-19% 4 462-8% 275-35% -1 022+21%
2017 H1 83 364+1% 20 885+6% 2 848+18% 2 492+19% 384+8%  
2016 H2 ( 1624 , 1625 ) 77 617-15% 23 162+16% 6 610+147% 4 830+141% 425+135% -842>+200%
2016 H1 82 851+18% 19 773+4% 2 404-18% 2 091-18% 354-50%  
2015 H2 ( 1627 , 1628 ) 91 231-12% 19 947-31% 2 677-70% 2 005-72% 181-37% -190>+200%
2015 H1 70 460+2% 18 962+10% 2 922+123% 2 542+127% 703>+200% -298
2014 H2 ( 1630 , 1631 ) 104 089+28% 28 939+34% 9 020+78% 7 052+59% 288>+200% -34
2014 H1 68 848+4% 17 229+3% 1 311-23% 1 122-13% 148>+200%  
2013 H2 81 528+9% 21 628+17% 5 074+31% 4 433+51% 69>+200%  
2013 H1 66 514+14% 16 732+16% 1 693+12% 1 296+7% 44-75%  
2012 H2 75 000+15% 18 521+22% 3 864+12% 2 933+12% 6-82%  
2012 H1 58 593+26% 14 434+17% 1 508+32% 1 208+58% 176>+200%  
2011 H2 65 435+27% 15 151+14% 3 460+43% 2 608+53% 33>+200%  
2011 H1 46 502+33% 12 386+37% 1 141+39% 766+48% 4-81%  
2010 H2 51 608+34% 13 342+41% 2 412+150% 1 703>+200% 7  
2010 H1 34 957>+200% 9 019+1% 822-29% 518+110% 21+5%  
2009 H2 38 471-6% 9 451-10% 965-49% 536-38%   -76-60%
2009 H1 16<-100% 8 909+21% 1 152+34% 247-38% 20 -718>+200%
2008 H2 40 977 10 495 1 874 859   -190
2008 H1 30 509 7 381 859 397   -175


Balance


Implied interest rate for 2025 H1:
= (PercentLoss - PercentProfit) * (365 / periodLength) / (NetDebt - MinorityInterest)
= (26 632 - 505) * 2 / (159 346 - 0)

Q Total equity Total assets Net debt Implied interest rate NetDebt / LTM EBITDA
 
2025 H1 -7 136-32% 328 737-9% 159 346+5% 32.8% 6.04x
2024 H2 -20 354>+200% 367 451+2% 153 268+14% 30.1% 4.07x
2024 H1 -10 561<-100% 359 541+5% 152 2900% 21.1% 3.71x
2023 H2 -233<-100% 359 809+8% 134 558-3% 18.7% 3.22x
2023 H1 244-99% 342 164+6% 152 627+3% 15.1% 4.40x
2022 H2 6 380-80% 333 991-25% 138 802-30%   3.99x
2022 H1 18 456-53% 323 742-20% 147 749-28% 12.4% 5.36x
2021 H2 32 549-14% 443 372+12% 198 779+23% 8.0% 5.09x
2021 H1 38 858+12% 403 921+16% 205 403+9% 6.1% 3.33x
2020 H2 37 655+17% 396 704+13% 161 944+43% 8.0% 3.44x
2020 H1 34 639+5% 348 546+11% 188 559+49% 6.1% 5.81x
2019 H2 32 127+2% 349 628+22% 113 131>+200% 11.6% 2.97x
2019 H1 32 926+20% 313 284+58% 126 777+150% 9.7% 4.02x
2018 H2 31 375>+200% 285 434>+200% 34 350+125% 14.8% 1.65x
2018 H1 27 347+48% 198 385+145% 50 742<-100% 2.5% 3.21x
2017 H2 ( 1621 , 1622 ) 5 101-68% 38 364-62% 15 266<-100% 11.5% 1.94x
2017 H1 18 443+46% 80 900+14% -6 713<-100%   -0.64x
2016 H2 ( 1624 , 1625 ) 15 951+14% 100 301+14% -18 763+49%   -1.81x
2016 H1 12 615+12% 70 729+17% 224-94%   0.02x
2015 H2 ( 1627 , 1628 ) 13 995+1% 87 607-4% -12 579-52%   -1.42x
2015 H1 11 301-2% 60 318+19% 3 591>+200% -22.6% 0.25x
2014 H2 ( 1630 , 1631 ) 13 8950% 91 631+42% -26 122+126%   -2.02x
2014 H1 11 475-4% 50 868+8% 361<-100%   0.04x
2013 H2 13 933+30% 64 619+12% -11 542+54%   -1.23x
2013 H1 11 946-8% 47 282+1% -3 339-18%   -0.42x
2012 H2 10 692-17% 57 945+9% -7 502-43%   -1.00x
2012 H1 13 045+28% 46 875+46% -4 062>+200%   -0.59x
2011 H2 12 827+27% 53 347+31% -13 220+84%   -2.12x
2011 H1 10 184+14% 32 030+23% -940<-100%   -0.19x
2010 H2 10 065+15% 40 695+25% -7 183+11%   -1.59x
2010 H1 8 912+8% 26 125+27% 111-95%   0.08x
2009 H2 8 759 32 502 -6 447    
2009 H1 8 260 20 643 2 421 57.7%  
2008 H2          
2008 H1          


Cashflow


Q Operating cashflow Investing cashflow Financial cashflow
 
2025 H1 -4 370<-100% -2 510+94%  
2024 H2 3 852-85% -4 076+8% 11 228<-100%
2024 H1 12 044<-100% -1 291-43% -1 472-84%
2023 H2 26 275>+200% -3 782<-100% -13 031<-100%
2023 H1 -9 476>+200% -2 284-10% -9 236+121%
2022 H2 6 203-80% 2 937<-100% 18 182<-100%
2022 H1 -2 448-78% -2 544>+200% -4 187<-100%
2021 H2 31 141+54% -10 565+88% -12 479-62%
2021 H1 -11 246<-100% -582-88% 8 339-43%
2020 H2 20 238-44% -5 631-16% -32 492+8%
2020 H1 10 776<-100% -4 746+11% 14 561>+200%
2019 H2 36 269+7% -6 715-61% -30 092<-100%
2019 H1 -18 122+70% -4 269-90% 2 175-95%
2018 H2 33 782+114% -17 059>+200% 5 316>+200%
2018 H1 -10 629-2% -44 400>+200% 40 798+100%
2017 H2 ( 1621 , 1622 ) 15 816>+200% -4 988>+200% 249<-100%
2017 H1 -10 798+28% -1 253<-100% 00%
2016 H2 ( 1624 , 1625 ) 3 418-81% -1 137-58% -3 057-37%
2016 H1 -8 446-66% 35<-100% 00%
2015 H2 ( 1627 , 1628 ) 18 087-46% -2 731+13% -4 848-40%
2015 H1 -24 632>+200% -228-85% 00%
2014 H2 ( 1630 , 1631 ) 33 443+161% -2 412+11% -8 028>+200%
2014 H1 -6 842+175% -1 546+123% 00%
2013 H2 12 833+20% -2 168-23% -2 462-74%
2013 H1 -2 490-65% -692-41% 0<-100%
2012 H2 10 659-27% -2 806+23% -9 348>+200%
2012 H1 -7 040+62% -1 164-3% 3 000>+200%
2011 H2 14 558+52% -2 279+35% -1 641-33%
2011 H1 -4 348-15% -1 203+11% 950-35%
2010 H2 9 592-4% -1 685+50% -2 462-13%
2010 H1 -5 088+174% -1 082<-100% 1 461<-100%
2009 H2 9 972+39% -1 122-12% -2 836+65%
2009 H1 -1 860-39% 1 353 -4 668<-100%
2008 H2 7 152 -1 281 -1 724
2008 H1 -3 050   3 071
RSBU data *The values are shown in mln. 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 48-15% 47-15% 24-7% 27-24% 250%  
2025 q1 560% 560% 25-10% 32-15% 25-1%  
2024 q4 560% 56-1% 25+2% 38+8% 250%  
2024 q3 560% 560% 28-17% 39-3% 250%  
2024 q2 56-1% 56-1% 25+37% 36+18% 250%  
2024 q1 56-1% 56-1% 27+83% 38+45% 25+1%  
2023 q4 57-1% 560% 24+7% 35+24% 250%  
2023 q3 56-1% 56-1% 34+137% 40+74% 250%  
2023 q2 570% 56-2% 19+56% 30+46% 250%  
2023 q1 570% 560% 15+56% 26+43% 250%  
2022 q4 570% 560% 23+118% 29-99% 250%  
2022 q3 570% 56+1% 14<-100% 23<-100% 250%  
2022 q2 570% 57+3% 12<-100% 21<-100% 250%  
2022 q1 570% 560% 10+97% 18+37% 250%  
2021 q4 57 56 10 4 689 25  
2021 q3 57 56 -12 6 293 25  
2021 q2 57 55 -49 -11 25  
2021 q1 57 56 5 13 25  
2020 q4            
2020 q3            


Balance


Q Total equity Total assets Net debt
 
2025 q2 12 693+1% 12 728+1% -997>+200%
2025 q1 12 665+1% 12 732+1% -997>+200%
2024 q4   12 689+1% -9990%
2024 q3 12 595+1% 12 642+1% -6-99%
2024 q2 12 556+1% 12 602+1% -3<-100%
2024 q1 12 520+1% 12 588+1% -6-99%
2023 q4   12 539+1% -999-1%
2023 q3 12 447+1% 12 488+1% -1 002>+200%
2023 q2 12 407+1% 12 460+1% -1 002>+200%
2023 q1 12 376+1% 12 450+1% -1 010>+200%
2022 q4   12 412+1% -1 006>+200%
2022 q3 12 322+1% 12 385+1% -6+4%
2022 q2 12 2990% 12 3560% -7+16%
2022 q1 12 2780% 12 3500% -10+65%
2021 q4   12 322 -60%
2021 q3 12 260 12 322 -6-7%
2021 q2 12 260 12 322 -6
2021 q1 12 260 12 322 -6
2020 q4     -6
2020 q3     -7
More information for subscribed users:
detailed calculation of
Potential and Created Value,
commodities affecting the company