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CHMF

Severstal MISX:CHMF Stock Report

Last Price

₽818.60

Market Cap

₽685.8b

7D

11.4%

1Y

-47.9%

Updated

26 Jun, 2022

Data

Company Financials +
CHMF fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance6/6
Financial Health6/6
Dividends4/6

CHMF Stock Overview

Public Joint Stock Company Severstal, together with its subsidiaries, operates as an integrated steel and steel-related mining company in Russia, Europe, CIS, the Middle East, North America, Africa, Central and South America, China, and Asia.

Severstal Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Severstal
Historical stock prices
Current Share Price₽818.60
52 Week High₽1,814.80
52 Week Low₽680.20
Beta0.33
1 Month Change-20.91%
3 Month Change-22.32%
1 Year Change-47.86%
3 Year Change-23.32%
5 Year Change5.49%
Change since IPO273.79%

Recent News & Updates

Shareholder Returns

CHMFRU Metals and MiningRU Market
7D11.4%-0.7%-0.2%
1Y-47.9%-27.2%-24.6%

Return vs Industry: CHMF underperformed the Russian Metals and Mining industry which returned -27.2% over the past year.

Return vs Market: CHMF underperformed the Russian Market which returned -24.6% over the past year.

Price Volatility

Is CHMF's price volatile compared to industry and market?
CHMF volatility
CHMF Average Weekly Movement8.6%
Metals and Mining Industry Average Movement6.7%
Market Average Movement7.6%
10% most volatile stocks in RU Market13.3%
10% least volatile stocks in RU Market4.8%

Stable Share Price: CHMF is not significantly more volatile than the rest of Russian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: CHMF's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1955n/aAlexander Shevelevhttps://www.severstal.com

Public Joint Stock Company Severstal, together with its subsidiaries, operates as an integrated steel and steel-related mining company in Russia, Europe, CIS, the Middle East, North America, Africa, Central and South America, China, and Asia. It operates through two segments, Severstal Resources and Severstal Russian Steel. The company produces iron ore pellets, iron ore concentrates, crushed stones, and ferrite strontium powder; and coking and steam coal, and hard coking coal concentrates; blast furnace unfluxed and fluxed pellets, as well as iron ore and steel.

Severstal Fundamentals Summary

How do Severstal's earnings and revenue compare to its market cap?
CHMF fundamental statistics
Market CapUS$12.71b
Earnings (TTM)US$4.07b
Revenue (TTM)US$11.64b

3.1x

P/E Ratio

1.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CHMF income statement (TTM)
RevenueUS$11.64b
Cost of RevenueUS$4.92b
Gross ProfitUS$6.72b
Other ExpensesUS$2.64b
EarningsUS$4.07b

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Jul 21, 2022

Earnings per share (EPS)4.86
Gross Margin57.72%
Net Profit Margin35.01%
Debt/Equity Ratio44.9%

How did CHMF perform over the long term?

See historical performance and comparison

Dividends

7.5%

Current Dividend Yield

72%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is CHMF undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CHMF?

Other financial metrics that can be useful for relative valuation.

CHMF key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.3x
Enterprise Value/EBITDA2.5x
PEG Ratio-0.1x

Price to Earnings Ratio vs Peers

How does CHMF's PE Ratio compare to its peers?

CHMF PE Ratio vs Peers
The above table shows the PE ratio for CHMF vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average15.6x

Price-To-Earnings vs Peers: CHMF is good value based on its Price-To-Earnings Ratio (3.1x) compared to the peer average (15.6x).


Price to Earnings Ratio vs Industry

How does CHMF's PE Ratio compare vs other companies in the Metals and Mining Industry?

Price-To-Earnings vs Industry: CHMF is good value based on its Price-To-Earnings Ratio (3.1x) compared to the Russian Metals and Mining industry average (4.9x)


Price to Earnings Ratio vs Fair Ratio

What is CHMF's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CHMF PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio3.1x
Fair PE Ratio5.2x

Price-To-Earnings vs Fair Ratio: CHMF is good value based on its Price-To-Earnings Ratio (3.1x) compared to the estimated Fair Price-To-Earnings Ratio (5.2x).


Share Price vs Fair Value

What is the Fair Price of CHMF when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CHMF (RUB818.6) is trading below our estimate of fair value (RUB1096.85)

Significantly Below Fair Value: CHMF is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: CHMF's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


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Future Growth

How is Severstal forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-23.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CHMF's earnings are forecast to decline over the next 3 years (-23.8% per year).

Earnings vs Market: CHMF's earnings are forecast to decline over the next 3 years (-23.8% per year).

High Growth Earnings: CHMF's earnings are forecast to decline over the next 3 years.

Revenue vs Market: CHMF's revenue is expected to decline over the next 3 years (-5.1% per year).

High Growth Revenue: CHMF's revenue is forecast to decline over the next 3 years (-5.1% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CHMF's Return on Equity is forecast to be very high in 3 years time (40%).


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Past Performance

How has Severstal performed over the past 5 years?

Past Performance Score

6/6

Past Performance Score 6/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


12.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CHMF has high quality earnings.

Growing Profit Margin: CHMF's current net profit margins (35%) are higher than last year (14.8%).


Past Earnings Growth Analysis

Earnings Trend: CHMF's earnings have grown by 12.7% per year over the past 5 years.

Accelerating Growth: CHMF's earnings growth over the past year (301%) exceeds its 5-year average (12.7% per year).

Earnings vs Industry: CHMF earnings growth over the past year (301%) exceeded the Metals and Mining industry 96.2%.


Return on Equity

High ROE: CHMF's Return on Equity (96.8%) is considered outstanding.


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Financial Health

How is Severstal's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: CHMF's short term assets ($3.2B) exceed its short term liabilities ($2.6B).

Long Term Liabilities: CHMF's short term assets ($3.2B) exceed its long term liabilities ($1.8B).


Debt to Equity History and Analysis

Debt Level: CHMF's net debt to equity ratio (34.8%) is considered satisfactory.

Reducing Debt: CHMF's debt to equity ratio has reduced from 66.3% to 44.9% over the past 5 years.

Debt Coverage: CHMF's debt is well covered by operating cash flow (247.3%).

Interest Coverage: CHMF's interest payments on its debt are well covered by EBIT (41x coverage).


Balance Sheet


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Dividend

What is Severstal current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


7.47%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: CHMF's dividend (7.47%) is higher than the bottom 25% of dividend payers in the Russian market (4.1%).

High Dividend: CHMF's dividend (7.47%) is low compared to the top 25% of dividend payers in the Russian market (11.28%).


Stability and Growth of Payments

Stable Dividend: CHMF's dividend payments have been volatile in the past 10 years.

Growing Dividend: CHMF's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (72.3%), CHMF's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (27%), CHMF's dividend payments are well covered by cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?

6.4yrs

Average management tenure


CEO

Alexander Shevelev (47 yo)

5.5yrs

Tenure

Mr. Alexander Anatolievich Shevelev has been the Chief Executive Officer of AO Severstal Management at PAO Severstal since November 2016. He started his career at Cherepovets Steel Mill as a repairman in r...


Leadership Team

Experienced Management: CHMF's management team is seasoned and experienced (6.4 years average tenure).


Board Members

Experienced Board: CHMF's board of directors are considered experienced (7.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.3%.


Top Shareholders

Company Information

Public Joint Stock Company Severstal's employee growth, exchange listings and data sources


Key Information

  • Name: Public Joint Stock Company Severstal
  • Ticker: CHMF
  • Exchange: MISX
  • Founded: 1955
  • Industry: Steel
  • Sector: Materials
  • Implied Market Cap: ₽685.756b
  • Shares outstanding: 837.72m
  • Website: https://www.severstal.com

Location

  • Public Joint Stock Company Severstal
  • Klary Tsetkin Street, 2
  • Moscow
  • 127299
  • Russia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/26 00:00
End of Day Share Price2022/06/24 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.