Financials Mechel PAO

Equities

MTLR

RU000A0DKXV5

Iron & Steel

End-of-day quote Moscow Micex - RTS 03:30:00 08/07/2022 am IST 5-day change 1st Jan Change
122 RUB +0.31% Intraday chart for Mechel PAO -.--% -.--%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 30,583 26,283 32,072 49,905 49,362 49,362
Enterprise Value (EV) 1 4,99,907 4,76,954 3,61,121 3,29,224 2,86,536 3,00,007
P/E ratio 2.42 x 10.9 x 40.4 x 0.62 x 0.78 x 2.21 x
Yield - - - - - -
Capitalization / Revenue 0.1 x 0.09 x 0.12 x 0.12 x 0.11 x 0.12 x
EV / Revenue 1.6 x 1.61 x 1.36 x 0.82 x 0.66 x 0.74 x
EV / EBITDA 6.9 x 10.2 x 9.58 x 2.83 x 2.61 x 3.7 x
EV / FCF 23.9 x 17.5 x 21.7 x 12.7 x 8.05 x 60.2 x
FCF Yield 4.18% 5.71% 4.62% 7.9% 12.4% 1.66%
Price to Book -0.13 x -0.11 x -0.13 x -0.3 x -0.49 x -0.63 x
Nbr of stocks (in thousands) 4,16,271 4,16,271 4,05,467 4,04,776 4,04,776 4,04,776
Reference price 2 73.47 63.14 79.10 123.3 122.0 122.0
Announcement Date 21/03/19 19/03/20 11/03/21 01/03/22 21/02/24 21/02/24
1RUB in Million2RUB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 3,12,574 2,96,567 2,65,454 4,02,074 4,34,045 4,05,884
EBITDA 1 72,485 46,751 37,689 1,16,319 1,09,683 81,022
EBIT 1 58,324 34,225 26,411 1,06,010 1,00,262 71,533
Operating Margin 18.66% 11.54% 9.95% 26.37% 23.1% 17.62%
Earnings before Tax (EBT) 1 16,217 12,272 -37,625 89,130 79,635 24,968
Net income 1 12,628 2,409 808 80,570 62,948 22,321
Net margin 4.04% 0.81% 0.3% 20.04% 14.5% 5.5%
EPS 2 30.34 5.787 1.958 199.0 155.5 55.14
Free Cash Flow 1 20,874 27,217 16,671 25,997 35,610 4,987
FCF margin 6.68% 9.18% 6.28% 6.47% 8.2% 1.23%
FCF Conversion (EBITDA) 28.8% 58.22% 44.23% 22.35% 32.47% 6.15%
FCF Conversion (Net income) 165.3% 1,129.82% 2,063.27% 32.27% 56.57% 22.34%
Dividend per Share - - - - - -
Announcement Date 21/03/19 19/03/20 11/03/21 01/03/22 21/02/24 21/02/24
1RUB in Million2RUB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 4,69,324 4,50,671 3,29,049 2,79,319 2,37,174 2,50,645
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 6.475 x 9.64 x 8.731 x 2.401 x 2.162 x 3.094 x
Free Cash Flow 1 20,874 27,217 16,671 25,997 35,610 4,987
ROE (net income / shareholders' equity) -5.67% -1.84% 17.3% -43.7% -56.8% -34%
ROA (Net income/ Total Assets) 11.4% 6.79% 6.52% 30.7% 25.5% 17%
Assets 1 1,10,293 35,483 12,393 2,62,282 2,46,435 1,31,049
Book Value Per Share 2 -586.0 -593.0 -606.0 -405.0 -248.0 -193.0
Cash Flow per Share 2 4.330 8.450 4.210 43.70 58.60 17.90
Capex 1 5,912 6,538 4,883 6,208 12,551 23,344
Capex / Sales 1.89% 2.2% 1.84% 1.54% 2.89% 5.75%
Announcement Date 21/03/19 19/03/20 11/03/21 01/03/22 21/02/24 21/02/24
1RUB in Million2RUB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Chiffre d''affaires - Rate of surprise

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