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General information

Rusolovo is a Russian mining and metallurgical enterprise specializing in the extraction of zinc, tin, and copper ore. Rusolovo also carries out investment activities in the field of tin mining and processing. Seligdar owns 97.79% of ordinary shares of Rusolovo as of 2022-12-31
  • Current market environment: positive. Prices of production are 1.6% higher compared to the last 12 months (LTM)
  • Prices of production are at 72.1% percentile over the past 5 years, adjusted for inflation
  • Dividend yield for the last twelve months 0.0%
  • Free cash flow yield -71.4% (LTM), projected -78.4%
  • Share of USD-denominated sales in revenue of the company (estimate) ≈ 100.0%
  • Share price is 19.0% higher than minimum and 93.1% lower than maximum for the last 3 years
  • Taking into account the impact of the key rate 17.0% on the change in financial parameters: EBITDA adjustment is -1 289 mln rub as NetDebt * (current key rate - normalized 7%) / 2, expected EBITDA adjusted for key rate increases is -4 376 mln rub, expected mult is -9.8x, target mult is 9.0x, potential is -481.2%

Key Financials (Download financials)

Ticker: ROLO
Share price, RUB:  (0.0%)0.5698
year average price 0.6346  


year start price 0.6884 2024-09-18

min close price 0.4790 2024-12-17

max close price 0.8114 2025-03-17

current price 0.5692 2025-09-17
Common stocks: 30 001 000 000
Dividend Yield:  0.0%
FCF Yield LTM / expected: -71.4% / -78.4%
EV / LTM EBITDA:-24.2x
Production prices change from LTM: 1.6%
EV / projected EBITDA:
Target EV / EBITDA (hist percentile):
Express share price potential:
EV / LTM EBITDA mutiple calculation
Market Cap (m RUB): 17 095
Net Debt (m RUB): 21 420
EV (Enterprise Value): 38 515
EBITDA LTM (m RUB): -1 593
Net Income LTM (m RUB): -4 494
EV / LTM EBITDA: -24.2x
Average daily trading volume for the week, RUB mln: 7
P / B 5.0x
EBITDA margin ann-d -21.8%
Net income margin ann-d -64.7%

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

MSFO 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 H1 4 467+29% -101<-100% -2 186+41% -2 890+60%   -828+146%
2024 H2 3 984+8% 649+12% -1 292+77% -1 604+58%   -564+107%
2024 H1 3 471+34% 316-28% -1 551>+200% -1 802+194% -337+31% -337+31%
2023 H2 3 688+72% 580<-100% -728-45% -1 013-41% -273+105% -273+105%
2023 H1 2 588-33% 437-78% -333<-100% -613<-100% -258+33% -258+33%
2022 H2 2 149-35% -362<-100% -1 326<-100% -1 708<-100% -133-40% -133-40%
2022 H1 3 848+47% 2 006+51% 1 372+25% 1 041+84% -194-58% -194-58%
2021 H2 3 332+115% 1 516+181% 1 135>+200% 817<-100% -222-8% -222-8%
2021 H1 2 616+116% 1 332>+200% 1 099<-100% 564<-100% -458+138% -458+138%
2020 H2 1 552<-100% 539>+200% 161<-100% -152-62% -2410% -2410%
2020 H1 1 211+17% 30-73% -243-14% -480+80% -192+4% -192+4%
2019 H2 -6 115<-100% 129-77% -199<-100% -401<-100% -242 -242+57%
2019 H1 1 037+81% 111<-100% -282+153% -267+12% -184 -184+18%
2018 H2 6 318+80% 559<-100% 197-8% 63-71%   -155+45%
2018 H1 572-64% -70-13% -112-63% -238-20%   -156-22%
2017 H2 3 505+141% -223>+200% 214>+200% 216<-100%   -107-56%
2017 H1 1 609-47% -80<-100% -305<-100% -296<-100%   -200+10%
2016 H2 1 457+156% -35<-100% 52-80% -49<-100%   -240+58%
2016 H1 3 051>+200% 414<-100% 157<-100% 64<-100%   -182-4%
2015 H2 ( 7481 , 7514 ) 570-66% 158>+200% 263<-100% 204>+200%   -152+1%
2015 H1 445-41% -4>+200% -234>+200% -201>+200%   -189+37%
2014 H2 1 665 49 -9 13   -151
2014 H1 759 -1 -4 -10   -138


Balance


Implied interest rate for 2025 H1:
= (PercentLoss - PercentProfit) * (365 / periodLength) / (NetDebt - MinorityInterest)
= (828 - 0) * 2 / (21 420 - 927)

Q Total equity Total assets Net debt Implied interest rate NetDebt / LTM EBITDA
 
2025 H1 3 402+14% 36 721+38% 21 420+113% 8.1%  
2024 H2 6 291+31% 34 569+40% 16 958+97% 7.6%  
2024 H1 2 988-49% 26 657+13% 10 064+10%    
2023 H2 4 790-25% 24 741+20% 8 603-4%   20.60x
2023 H1 5 802-9% 23 583+39% 9 135+10%    
2022 H2 6 416+20% 20 596+29% 8 928+3%   5.92x
2022 H1 6 387+41% 16 969+16% 8 294+2%   1.44x
2021 H2 5 346+35% 15 908+15% 8 708+4%   1.89x
2021 H1 4 529 14 596-98% 8 143-97%   2.90x
2020 H2 3 964-4% 13 783+25% 8 353+97%   17.15x
2020 H1   903 538>+200% 272 919>+200%    
2019 H2 4 129-14% 11 026+2% 4 234+44%    
2019 H1 4 536-6% 12 038+11% 2 087   7.76x
2018 H2 4 807-3% 10 812+25% 2 948+27% 10.5% 13.60x
2018 H1 4 807+59% 10 812+83%      
2017 H2 4 953+49% 8 666+17% 2 319-31% 9.2%  
2017 H1 3 029-10% 5 904-21% 2 584+1% 15.5%  
2016 H2 3 3200% 7 378-15% 3 360+49% 14.3%  
2016 H1 3 369+10% 7 453-6% 2 561+29% 14.2%  
2015 H2 ( 7481 , 7514 ) 3 305+1% 8 691+10% 2 248 13.5%  
2015 H1 3 075-6% 7 929+1% 1 988 19.1%  
2014 H2 3 276 7 880      
2014 H1 3 276 7 880      


Cashflow


Q Operating cashflow Investing cashflow Financial cashflow
 
2025 H1 -3 395<-100%   4 467>+200%
2024 H2 -1 345>+200%   5 354<-100%
2024 H1 610-26%   1 218>+200%
2023 H2 -407<-100%   -238<-100%
2023 H1 824-43%   120<-100%
2022 H2 458-25%   206-49%
2022 H1 1 445+13% -765+3% -556-21%
2021 H2 610<-100%   402-76%
2021 H1 1 280<-100% -743+75% -706<-100%
2020 H2 -386-85% -1 080<-100% 1 675+19%
2020 H1 -405<-100% -424-22% 783<-100%
2019 H2 -2 604<-100% 514<-100% 1 410+160%
2019 H1 1 457+36% -545-63% -465<-100%
2018 H2 66<-100% -330<-100% 543<-100%
2018 H1 1 0740% -1 475<-100% 151<-100%
2017 H2 -1 388<-100% 2 307>+200% -632-55%
2017 H1 1 076>+200% 102+55% -1 183>+200%
2016 H2 860-16% 534<-100% -1 399>+200%
2016 H1 80+6% 66<-100% -136<-100%
2015 H2 ( 7481 , 7514 ) 1 026<-100% -844 -195
2015 H1 75<-100% -175<-100% 111-70%
2014 H2 -355    
2014 H1 -386 15 375
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 3 248+50% 221+3% 97>+200% -65-63% 229+197% -322+89%
2025 q1 ( 9585 , 9722 ) 1 473-5% 115-17% 4<-100% -287+135% 222>+200% -311+131%
2024 q4 2 478+19% 144-55% 1<-100% -57-61% 164+98% -297+122%
2024 q3 1 748-17% 108-8% -42>+200% -129-20% 85+3% -221+76%
2024 q2 2 168+10% 214+17% 25-68% -176<-100% 77-7% -170+46%
2024 q1 1 550+70% 139>+200% -10-85% -122+49% 74-9% -135+18%
2023 q4 2 078+39% 323+118% 182>+200% -147-30% 83+19% -134+25%
2023 q3 2 107+159% 118+99% -7-89% -163+124% 83-17% -126+18%
2023 q2 1 972+75% 183>+200% 78<-100% 126<-100% 830% -117+28%
2023 q1 ( 7510 , 7596 ) 910-68% 24-94% -67<-100% -82>+200% 81-11% -114+6%
2022 q4 1 495-35% 149+4% 12-80% -209<-100% 70-10% -107+9%
2022 q3 814-34% 59-35% -65<-100% -73+40% 99+50% -107+11%
2022 q2 1 124-32% 55-48% -61<-100% -133<-100% 83+27% -91-9%
2022 q1 2 880+158% 388>+200% 293>+200% 0<-100% 90+38% -108+3%
2021 q4 2 299+138% 143>+200% 63>+200% 55-48% 77 -99
2021 q3 1 236+60% 92-9% 46+135% -52-71% 66 -96
2021 q2 1 643+135% 106-20% 62+59% 20-34% 65 -100
2021 q1 1 114+71% 27+13% 1<-100% -200>+200% 66 -105
2020 q4 968+49% 31-88% 0<-100% 104-25%    
2020 q3 774+27% 101<-100% 20<-100% -179+90%    
2020 q2 700+21% 132>+200% 39<-100% 31<-100%    
2020 q1 652+37% 24<-100% -58-26% -65<-100%    
2019 q4 651-29% 261+56% 192+84% 139>+200%    
2019 q3 607-7% -4<-100% -68+127% -95+12%    
2019 q2 578 13 -44 -94    
2019 q1 477 -8 -79 9    
2018 q4 918 167 104 28    
2018 q3 655 19 -30 -85    
2018 q2            
2017 q4            


Balance


Implied interest rate for 2025 q2:
= (PercentLoss - PercentProfit) * (365 / periodLength) / (NetDebt - MinorityInterest)
= (322 - 229) * 4 / (7 594 - 0)

Q Total equity Total assets Net debt
 
2025 q2 1 057-34% 17 181+76% 7 594+32%
2025 q1 ( 9585 , 9722 ) 1 122-37% 14 259+49% 6 290+25%
2024 q4 1 409-26% 13 714+44% 7 176+63%
2024 q3 1 466-28% 11 757+14% 7 739+97%
2024 q2 1 595-28% 9 753-8% 5 772+54%
2024 q1 1 771-15% 9 586+6% 5 027+76%
2023 q4 1 893-12% 9 522+8% 4 411+67%
2023 q3 2 040-6% 10 347+35% 3 919+79%
2023 q2 2 203-2% 10 647+26% 3 755+79%
2023 q1 ( 7510 , 7596 ) 2 077-13% 9 022-8% 2 850+16%
2022 q4 2 159-16% 8 836+3% 2 644-8%
2022 q3 2 174-16% 7 647-11% 2 190-23%
2022 q2 2 247-13% 8 458-1% 2 093-27%
2022 q1 2 380-8% 9 828+15% 2 456-14%
2021 q4 2 575 8 580 2 870-33%
2021 q3 2 575 8 580 2 852-34%
2021 q2 2 575 8 580 2 852-11%
2021 q1 2 575 8 580 2 852-34%
2020 q4     4 311+151%
2020 q3     4 311+151%
2020 q2     3 220+88%
2020 q1     4 311+151%
2019 q4     1 717+104%
2019 q3     1 717+104%
2019 q2     1 717+104%
2019 q1     1 717
2018 q4     842+130%
2018 q3     842
2018 q2     842
2017 q4     367
More information for subscribed users:
detailed calculation of
Potential and Created Value,
commodities affecting the company