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General information

Novorossiysk Commercial Sea Port PJSC owns and operates the Novorossiysk Port on the BlackSea. The Company processes, loads, and unloads cargo. Novorossiysk Commercial Sea Trade Port handles mainly crude oil but also services dry cargo such as metals, cement, sugar, grain and containers.
  • Dividend yield for the last twelve months 11.0%
  • Free cash flow yield 17.9% (LTM)
  • Share price is 70.4% higher than minimum and 46.5% lower than maximum for the last 3 years
  • The company is undervalued by EV / LTM EBITDA multiple compared to target level (3.0x vs
    )

Key Financials (Download financials)

Ticker: NMTP
Share price, RUB:  (-0.2%)8.69
year average price 9.01  


year start price 9.99 2025-02-09

max close price 10.90 2025-02-24

min close price 8.07 2025-07-11

current price 8.71 2026-02-09
Common stocks: 19 259 815 400
Dividend Yield:  11.0%
FCF Yield LTM: 17.9%
EV / LTM EBITDA:3.0x
EV / EBITDA annualized: 3.5x
Target EV / EBITDA (hist percentile):
EV / LTM EBITDA mutiple calculation
Market Cap (m RUB): 167 368
Net Debt (m RUB): -12 819
EV (Enterprise Value): 154 549
EBITDA LTM (m RUB): 50 948
Net Income LTM (m RUB): 39 185
EV / LTM EBITDA: 3.0x
Net Debt / LTM EBITDA (if EBITDA > 0): -0.3x
Average daily trading volume for the week, RUB mln: 45
P / E 4.3x
P / E ann-d4.1x
P / B 0.9x
EBITDA margin ann-d 62.4%
Net income margin ann-d 58.2%

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 q3 17 632+12%   9 388+13% 10 268+20% 2 543+38% -527-38%
2025 q2 18 859-2%   12 262-4% 11 131+2% 3 013+65% -679-10%
2025 q1 19 8260%   14 474+19% 10 422-5% 2 527+80% -850+37%
2024 q4 16 269-1%   8 646-1% 7 364+4% 1 945>+200% -845+31%
2024 q3 15 798-4%   8 283-5% 8 590+21% 1 839+184% -848+32%
2024 q2 19 309+12%   12 716+19% 10 939+23% 1 824>+200% -754+6%
2024 q1 19 783+14%   12 139+14% 10 930+23% 1 407+157% -620-13%
2023 q4 16 447+48%   8 735+19% 7 107-18% 648-15% -645-14%
2023 q3 16 447   8 735 7 107 648 -645
2023 q2 17 294   10 691 8 908 547 -715
2023 q1 17 294   10 691 8 908 547 -715
2022 q4 11 083   7 339 8 696 761 -746
2022 q2            
2021 q3 11 704+9%   5 906+29% 4 464<-100% 209-43% -657-34%
2021 q2 14 030+24%   8 100+27% 7 829-12% 190-67% -780-45%
2021 q1 12 916-4%   7 086-12% 4 885<-100% 152-72% -712-51%
2020 q4 11 674-9%   4 626-48% 506-94% 95-85% -794-39%
2020 q3 10 744-19%   4 574-44% -1 660<-100% 366-38% -993-28%
2020 q2 11 344-18%   6 382-8% 8 942-70% 576+7% -1 409-3%
2020 q1 13 426-15%   8 071-33% -2 945<-100% 540+198% -1 438-12%
2019 q4 12 759-20%   8 820+133% 8 622>+200% 612+175% -1 303+32%
2019 q3 13 293-27%   8 185-37% 11 208+92% 594+92% -1 370-3%
2019 q2 13 897-7%   6 957-33% 30 145>+200% 538+195% -1 447+22%
2019 q1 15 792+17%   12 114+30% 11 042+75% 181+31% -1 637+65%
2018 q4 15 876+14%   3 791-56% 2 664-57% 222+22% -984-7%
2018 q3 18 175+30%   13 049+50% 5 823-5% 310+69% -1 420+34%
2018 q2 14 983+18%   10 455+9% 2 005-72% 183-45% -1 187+12%
2018 q1 13 527+6%   9 333+12% 6 321-11% 138-58% -993-6%
2017 q4 13 938+2%   8 679 6 161 183 -1 057
2017 q3 13 938   8 679 6 161 183 -1 057
2017 q2 12 726-13% 9 318-22% 9 607-14% 7 133-44% 330+22% -1 057-46%
2017 q1 12 726-13% 9 318-22% 8 346-21% 7 132-44% 330+22% -1 057-46%
2016 q4 13 621          
2016 q2 14 558+29% 11 961+32% 11 235+32% 12 786+78% 270-74% -1 940+40%
2016 q1 14 558+29% 11 961+32% 10 553+24% 12 786+78% 270-74% -1 940+40%
2015 q4            
2015 q3            
2015 q2 ( 1716 , 1719 ) 11 326+27% 9 064+75% 8 524+85% 7 183+198% 1 033>+200% -1 385+19%
2015 q1 11 326+27% 9 064+75% 8 524+85% 7 183+198% 1 033>+200% -1 385
2014 q4            
2014 q3            
2014 q2 8 939+23% 5 175+34% 4 605+42% 2 411>+200% 272+46% -1 166-1%
2014 q1 8 939+23% 5 175+34% 4 597+42% 2 411>+200% 272+46%  
2013 q4            
2013 q3 7 703-9% 4 184-18% 3 565-20% 1 561-73% 209+91% -1 014+26%
2013 q2 7 255-12% 3 855-21% 3 241-25% 215-90% 186>+200% -1 175-19%
2013 q1 7 255-14% 3 855-23% 3 241-26% 215-90% 186+199%  
2012 q4 ( 1725 , 1726 ) 7 609-12% 4 267-8% 2 089-48% 874+175% 101+183% -809-28%
2012 q3 8 504-1% 5 075+9% 4 477+11% 5 881>+200% 110>+200% -806
2012 q2 8 289+20% 4 907+45% 4 297+54% 2 161-31% 61+94% -1 456
2012 q1 8 418 4 984 4 364 2 194 62  
2011 q4 8 614+76% 4 638+53% 4 016+51% 318-84% 36-75% -1 128
2011 q3 8 614 4 638 4 016 318 36  
2011 q2 6 913 3 378 2 784 3 113 32  
2010 q4 4 890 3 027 2 667 1 989 143  


Balance


Implied interest rate for 2021 q2:
= (PercentLoss - PercentProfit) * (365 / periodLength) / (NetDebt - MinorityInterest)
= (780 - 190) * 4 / (39 480 - 910)

Q Total equity Total assets Net debt Implied interest rate NetDebt / LTM EBITDA
 
2025 q3 185 436 236 646 -12 819   -0.25x
2025 q2 175 217+13% 246 806+14% -24 723+70%   -0.49x
2025 q1 181 574 232 118 -12 875   -0.26x
2024 q4 171 210+16% 219 960+14% -12 707<-100%   -0.56x
2024 q3         -0.12x
2024 q2 154 992+16% 216 326+14% -14 530<-100%   -0.20x
2024 q1         -0.10x
2023 q4 147 491+13% 192 646+7% 15   0.00x
2023 q3         0.00x
2023 q2 133 766 190 103 227   0.00x
2023 q1         0.06x
2022 q4 130 374 179 533     0.32x
2022 q2         0.45x
2021 q3 98 076 166 956     0.59x
2021 q2 93 628-51% 164 174-14% 39 480-42% 6.1% 0.60x
2021 q1 87 075-13% 166 525-16% 47 082+26% 4.9% 1.84x
2020 q4 161 294+58% 161 294-13% 53 366+61% 5.3% 1.55x
2020 q3         1.45x
2020 q2 191 583+132% 191 583+5% 67 956+93% 5.0% 0.26x
2020 q1 100 494+60% 198 512+21% 37 385-51% 9.8% 0.37x
2019 q4 102 261+101% 186 449+35% 33 177-44% 8.5% 0.32x
2019 q3 94 843 186 800 39 809 7.9% 0.31x
2019 q2 82 615+45% 182 843+32% 35 260-37% 10.5% 0.30x
2019 q1 62 750 164 245 76 515 7.7% 1.75x
2018 q4 50 854+9% 138 429+9% 59 301-5% 5.2% 1.24x
2018 q3         1.25x
2018 q2 56 834+61% 138 295+8% 55 854-20% 7.3% 1.46x
2018 q1         1.89x
2017 q4 46 617+30% 127 325-4% 62 515 5.6% 1.86x
2017 q3         1.79x
2017 q2 35 383+14% 127 467-9% 69 813-8% 4.2% 1.73x
2017 q1         1.62x
2016 q4 35 868>+200% 132 352+3%     1.54x
2016 q2 31 153+19% 139 694+8% 76 228+4% 8.9% 4.14x
2016 q1         4.87x
2015 q4 6 761-59% 128 491-2% 103 346+26%   5.26x
2015 q3         2.90x
2015 q2 ( 1716 , 1719 ) 26 239-36% 129 659+9% 72 957+33% 2.0% 4.16x
2015 q1         7.42x
2014 q4 16 527-55% 130 543+9% 81 883+38%    
2014 q3          
2014 q2 41 012+2% 119 466-4% 54 924-13% 6.7%  
2014 q1          
2013 q4 36 614-9% 119 708-1% 59 227-3%    
2013 q3 43 227 125 653 60 710 5.4%  
2013 q2 40 370+17% 124 478+3% 63 221-9% 6.4%  
2013 q1          
2012 q4 ( 1725 , 1726 ) 40 345+30% 120 922-2% 61 200-20% 4.7%  
2012 q3          
2012 q2 34 512 120 538 69 475 8.1%  
2012 q1          
2011 q4 30 969 123 112 76 525 5.8%  
2011 q3          
2011 q2          
2010 q4          


Cashflow


Q Operating cashflow Investing cashflow Financial cashflow
 
2025 q3 7 435+10% -6 470+51% -18 164+22%
2025 q2 13 021+53% -2 585<-100% 2 603+87%
2025 q1 9 114-5% -17 815+129% -26-88%
2024 q4 10 849+32% -5 979>+200% -190-97%
2024 q3 6 772-17% -4 297>+200% -14 853+157%
2024 q2 8 498+3% 2 108<-100% 1 392<-100%
2024 q1 9 580 -7 771 -220
2023 q4 8 203+15% -777+37% -5 785+2%
2023 q3 8 203 -777 -5 785
2023 q2 8 232 -344 -3 895
2023 q1      
2022 q4 7 138 -569 -5 692
2022 q2      
2021 q3 5 847+19% -5 770-17% -1 783-93%
2021 q2 7 342+29% 2 794-66% -8 406+9%
2021 q1 5 470-30% -3 591>+200% -366+53%
2020 q4 5 339-24% 3 704+26% -7 651+18%
2020 q3 4 925-30% -6 920+21% -26 002+170%
2020 q2 5 700+73% 8 280-65% -7 681+15%
2020 q1 7 869+4% -156-93% -239-95%
2019 q4 7 037-1% 2 939<-100% -6 472-60%
2019 q3 7 083-32% -5 743<-100% -9 629>+200%
2019 q2 3 301-60% 23 444<-100% -6 677+6%
2019 q1 7 590+15% -2 362>+200% -5 084>+200%
2018 q4 7 116+4% -7 722>+200% -16 156+166%
2018 q3 10 389+51% 4 291<-100% -491-92%
2018 q2 8 299+28% -887-28% -6 328-26%
2018 q1 6 599+2% -658-47% -24<-100%
2017 q4 6 860-17% -1 958+69% -6 079+18%
2017 q3 6 860 -1 958 -6 079
2017 q2 6 476-25% -1 231+121% -8 600>+200%
2017 q1 6 476-25% -1 231+121% -8 600>+200%
2016 q4 8 305+3% -1 161+94% -5 131-4%
2016 q2 8 651+40% -558+66% -144-97%
2016 q1 8 651+40% -558+66% -144-97%
2015 q4 8 032+110% -598-12% -5 338+8%
2015 q3 8 032+110% -598-12% -5 338+8%
2015 q2 ( 1716 , 1719 ) 6 168+79% -336+7% -5 703+69%
2015 q1 6 168+79% -336+7% -5 703+69%
2014 q4 3 819+34% -681+23% -4 956>+200%
2014 q3 3 819+43% -681>+200% -4 956>+200%
2014 q2 3 450+77% -314<-100% -3 382>+200%
2014 q1 3 450+77% -314<-100% -3 382>+200%
2013 q4 2 849-42% -555+63% -881-29%
2013 q3 2 669-27% -81-91% -1 008-63%
2013 q2 1 954-46% 184<-100% -743-77%
2013 q1 1 954-62% 184<-100% -743-78%
2012 q4 ( 1725 , 1726 ) 4 905+6% -340-97% -1 242<-100%
2012 q3 3 661-21% -924-93% -2 714
2012 q2 3 650+6% -13<-100% -3 257<-100%
2012 q1 5 172 -13 -3 308
2011 q4 4 621+50% -12 718<-100% 12 905
2011 q3 4 621 -12 718  
2011 q2 3 445 -29 659 24 984
2010 q4 3 080 212  
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 q3 ( 14765 , 14798 , 14803 ) 8 605+8% 5 060+4% 4 557+3% 5 619+16% 2 346+65% -162+11%
2025 q2 9 167+3% 5 410-6% 4 832-8% 24 454+1% 2 443+159% -162+11%
2025 q1 9 612+9% 6 256+7% 5 796+8% 5 361+12% 2 226>+200% -162+10%
2024 q4 7 974+14% 4 629+13% 4 067+13% 4 781-33% 1 926>+200% -146+6%
2024 q3 7 976+12% 4 853+11% 4 415+10% 4 862+5% 1 419>+200% -146+5%
2024 q2 8 892+10% 5 751+9% 5 241+10% 24 243+60% 943>+200% -147-43%
2024 q1 8 783+27% 5 828+42% 5 383+45% 4 792+95% 654>+200% -147-42%
2023 q4 7 009+24% 4 115+27% 3 586+30% 7 139+20% 387+79% -138-61%
2023 q3 7 149+28% 4 388+50% 4 009+59% 4 630>+200% 216-75% -139-57%
2023 q2 8 069+20% 5 262+27% 4 786+28% 15 116+50% 307-11% -256-26%
2023 q1 6 925 4 108 3 704 2 461 167 -251
2022 q4 5 638 3 231 2 757 5 945 216 -353
2022 q3 5 603-3% 2 923-8% 2 526-11% 1 269-74% 869 -327
2022 q2 6 738 4 139 3 735 10 055 346 -348
2021 q3 5 780+23% 3 194+44% 2 831+50% 4 815<-100%    
2020 q4 5 722-10% 2 801-24% 2 242-29% -2 396<-100%    
2020 q3 4 710-31% 2 214-50% 1 890-54% -2 028<-100%    
2020 q2 5 890-12% 3 364-22% 3 046-24% 13 951-62%    
2020 q1 6 143-22% 3 644-32% 3 273-35% -7 200<-100%    
2019 q4 6 326-16% 3 689-26% 3 157-31% 13 415>+200%    
2019 q3 6 804-9% 4 425-13% 4 139-14% 715-92%    
2019 q2 6 710-8% 4 333-10% 4 030-10% 36 887<-100%    
2019 q1 7 856+20% 5 370+31% 5 057+34% 7 958>+200%    
2018 q4 7 539 4 997 4 553 4 233    
2018 q3 7 472 5 090 4 809 9 364    
2018 q2 7 257 4 823 4 502 -1 093    
2018 q1 6 532 4 111 3 781 2 559    


Balance


Implied interest rate for 2022 q4:
= (PercentLoss - PercentProfit) * (365 / periodLength) / (NetDebt - MinorityInterest)
= (353 - 216) * 4 / (3 090 - 0)

Q Total equity Total assets Net debt
 
2025 q3 ( 14765 , 14798 , 14803 ) 168 528+15% 181 309+13% -27 961+36%
2025 q2 162 909 193 978+14% -31 664+28%
2025 q1 156 400+19% 169 952+16% -23 574+42%
2024 q4 151 040+19% 165 134+16% -20 431+68%
2024 q3 146 258+22% 160 845+20% -20 513>+200%
2024 q2   170 893+18% -24 709+101%
2024 q1 131 624+4% 147 057+3% -16 578+36%
2023 q4 126 856+13% 142 538+6% -12 178<-100%
2023 q3 119 717+6% 133 8840% -3 792<-100%
2023 q2 114 658+2% 144 527+8% -12 317<-100%
2023 q1 126 832 142 509 -12 178
2022 q4 112 449 134 010 3 090
2022 q3 112 449 134 011 3 090-87%
2022 q2 112 449 134 011 3 090
2021 q3     23 526-32%
2020 q4     34 372+96%
2020 q3     34 372+96%
2020 q2     10 881-38%
2020 q1     26 068+49%
2019 q4     17 523-73%
2019 q3     17 523-73%
2019 q2     17 523-73%
2019 q1     17 523-73%
2018 q4     64 521
2018 q3     64 521
2018 q2     64 521
2018 q1     64 521
More information for subscribed users:
detailed calculation of
Potential and Created Value,
commodities affecting the company