GMKN Stock Overview
Public Joint Stock Company Mining and Metallurgical Company Norilsk Nickel, together with its subsidiaries, operates as a metals and mining company in Europe, Asia, North and South America, Russia, and the CIS countries.
Mining and Metallurgical Company Norilsk Nickel Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||₽16,720.00|
|52 Week High||₽24,786.00|
|52 Week Low||₽14,500.00|
|1 Month Change||0%|
|3 Month Change||-21.74%|
|1 Year Change||-31.64%|
|3 Year Change||14.11%|
|5 Year Change||87.89%|
|Change since IPO||4,468.18%|
Recent News & Updates
|GMKN||RU Metals and Mining||RU Market|
Return vs Industry: GMKN exceeded the Russian Metals and Mining industry which returned -34.4% over the past year.
Return vs Market: GMKN exceeded the Russian Market which returned -32.9% over the past year.
|GMKN Average Weekly Movement||3.2%|
|Metals and Mining Industry Average Movement||4.7%|
|Market Average Movement||4.9%|
|10% most volatile stocks in RU Market||8.5%|
|10% least volatile stocks in RU Market||2.9%|
Stable Share Price: GMKN is less volatile than 75% of Russian stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: GMKN's weekly volatility (3%) has been stable over the past year.
About the Company
Public Joint Stock Company Mining and Metallurgical Company Norilsk Nickel, together with its subsidiaries, operates as a metals and mining company in Europe, Asia, North and South America, Russia, and the CIS countries. The company operates through GMK Group, South Cluster, KGMK Group, NN Harjavalta, GRK Bystrinskoye, Other Mining, and Other Non-Metallurgical segments. It explores for, extracts, and refines ore and nonmetallic minerals; and sale of base and precious metals produced from ore.
Mining and Metallurgical Company Norilsk Nickel Fundamentals Summary
|GMKN fundamental statistics|
Is GMKN overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|GMKN income statement (TTM)|
|Cost of Revenue||US$5.43b|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||48.64|
|Net Profit Margin||41.57%|
How did GMKN perform over the long term?See historical performance and comparison
22.5%Current Dividend Yield
Is GMKN undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 2/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for GMKN?
Other financial metrics that can be useful for relative valuation.
|What is GMKN's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does GMKN's PE Ratio compare to its peers?
|GMKN PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
VSMO public stock company VSMPO-AVISMA
GMKN Mining and Metallurgical Company Norilsk Nickel
Price-To-Earnings vs Peers: GMKN is good value based on its Price-To-Earnings Ratio (5.6x) compared to the peer average (34.5x).
Price to Earnings Ratio vs Industry
How does GMKN's PE Ratio compare vs other companies in the European Metals and Mining Industry?
Price-To-Earnings vs Industry: GMKN is expensive based on its Price-To-Earnings Ratio (5.6x) compared to the Russian Metals and Mining industry average (3.9x)
Price to Earnings Ratio vs Fair Ratio
What is GMKN'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.
|Current PE Ratio||5.6x|
|Fair PE Ratio||8.5x|
Price-To-Earnings vs Fair Ratio: GMKN is good value based on its Price-To-Earnings Ratio (5.6x) compared to the estimated Fair Price-To-Earnings Ratio (8.5x).
Share Price vs Fair Value
What is the Fair Price of GMKN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: GMKN (RUB16720) is trading above our estimate of fair value (RUB15233.8)
Significantly Below Fair Value: GMKN is trading above our estimate of fair value.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
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How is Mining and Metallurgical Company Norilsk Nickel forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Future Growth Score1/6
Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GMKN's earnings are forecast to decline over the next 3 years (-8.2% per year).
Earnings vs Market: GMKN's earnings are forecast to decline over the next 3 years (-8.2% per year).
High Growth Earnings: GMKN's earnings are forecast to decline over the next 3 years.
Revenue vs Market: GMKN's revenue is expected to decline over the next 3 years (-1.9% per year).
High Growth Revenue: GMKN's revenue is forecast to decline over the next 3 years (-1.9% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: GMKN's Return on Equity is forecast to be very high in 3 years time (56.5%).
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How has Mining and Metallurgical Company Norilsk Nickel performed over the past 5 years?
Past Performance Score1/6
Past Performance Score 1/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GMKN has a high level of non-cash earnings.
Growing Profit Margin: GMKN's current net profit margins (41.6%) are lower than last year (42.1%).
Past Earnings Growth Analysis
Earnings Trend: GMKN's earnings have grown significantly by 23.8% per year over the past 5 years.
Accelerating Growth: GMKN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: GMKN had negative earnings growth (-0.6%) over the past year, making it difficult to compare to the Metals and Mining industry average (243.6%).
Return on Equity
High ROE: Whilst GMKN's Return on Equity (72.57%) is outstanding, this metric is skewed due to their high level of debt.
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How is Mining and Metallurgical Company Norilsk Nickel's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: GMKN's short term assets ($9.3B) exceed its short term liabilities ($8.9B).
Long Term Liabilities: GMKN's short term assets ($9.3B) do not cover its long term liabilities ($11.3B).
Debt to Equity History and Analysis
Debt Level: GMKN's net debt to equity ratio (94.7%) is considered high.
Reducing Debt: GMKN's debt to equity ratio has reduced from 224.7% to 114.1% over the past 5 years.
Debt Coverage: GMKN's debt is well covered by operating cash flow (61.4%).
Interest Coverage: GMKN's interest payments on its debt are well covered by EBIT (62x coverage).
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What is Mining and Metallurgical Company Norilsk Nickel current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: GMKN's dividend (22.49%) is higher than the bottom 25% of dividend payers in the Russian market (4.85%).
High Dividend: GMKN's dividend (22.49%) is in the top 25% of dividend payers in the Russian market (13.13%)
Stability and Growth of Payments
Stable Dividend: GMKN's dividend payments have been volatile in the past 10 years.
Growing Dividend: GMKN's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (125.9%), GMKN's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (241.6%), GMKN's dividend payments are not well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Vladimir Potanin (61 yo)
Mr. Vladimir Olegovich Potanin has been President of PJSC MMC Norilsk Nickel since 2015 and has been its Chairman of the Management Board since 2012 and served as its CEO from 2012 to 2015. He graduated fr...
Experienced Management: GMKN's management team is seasoned and experienced (8.8 years average tenure).
Experienced Board: GMKN's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Public Joint Stock Company Mining and Metallurgical Company Norilsk Nickel's employee growth, exchange listings and data sources
- Name: Public Joint Stock Company Mining and Metallurgical Company Norilsk Nickel
- Ticker: GMKN
- Exchange: MISX
- Founded: 1997
- Industry: Diversified Metals and Mining
- Sector: Materials
- Implied Market Cap: ₽2.556t
- Shares outstanding: 152.86m
- Website: https://www.nornickel.com
- Public Joint Stock Company Mining and Metallurgical Company Norilsk Nickel
- 15, 1st Krasnogvardeysky Drive
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/14 00:00|
|End of Day Share Price||2022/07/08 00:00|
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.