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Mechel PAO

MISX:MTLR
Snowflake Description

Good value with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MTLR
MISX
$437M
Market Cap
  1. Home
  2. RU
  3. Materials
Company description

Mechel PAO, together with its subsidiaries, engages in mining, steel, and power businesses in Russia, Asia, Europe, the Commonwealth of Independent States, the Middle East, the United States, and internationally. The last earnings update was 33 days ago. More info.


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MTLR Share Price and Events
7 Day Returns
-1%
MISX:MTLR
1.2%
RU Metals and Mining
1.1%
RU Market
1 Year Returns
-43.3%
MISX:MTLR
-1.4%
RU Metals and Mining
8%
RU Market
MTLR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Mechel PAO (MTLR) -1% -5.3% -19.6% -43.3% 2.7% 77.5%
RU Metals and Mining 1.2% 0.5% -1.8% -1.4% 38% 209.7%
RU Market 1.1% 3.2% 4.1% 8% 31.9% 99%
1 Year Return vs Industry and Market
  • MTLR underperformed the Metals and Mining industry which returned -1.4% over the past year.
  • MTLR underperformed the Market in Russian Federation which returned 8% over the past year.
Price Volatility
MTLR
Industry
5yr Volatility vs Market

Value

 Is Mechel PAO undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Mechel PAO to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Mechel PAO.

MISX:MTLR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 27.3%
Perpetual Growth Rate 10-Year RU Government Bond Rate 8.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for MISX:MTLR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year RU Govt Bond Rate 8.4%
Equity Risk Premium S&P Global 9.4%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.13
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.132 (1 + (1- 20%) (1691.73%))
11.351
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 8.44% + (2 * 9.43%)
27.3%

Discounted Cash Flow Calculation for MISX:MTLR using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Mechel PAO is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

MISX:MTLR DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (RUB, Millions) Source Present Value
Discounted (@ 27.3%)
2019 66,064.72 Est @ 7.93% 51,896.87
2020 71,402.66 Est @ 8.08% 44,061.33
2021 77,249.05 Est @ 8.19% 37,446.22
2022 83,632.56 Est @ 8.26% 31,846.50
2023 90,587.84 Est @ 8.32% 27,097.42
2024 98,155.12 Est @ 8.35% 23,064.42
2025 106,380.01 Est @ 8.38% 19,636.37
2026 115,313.41 Est @ 8.4% 16,720.63
2027 125,011.66 Est @ 8.41% 14,239.51
2028 135,536.69 Est @ 8.42% 12,127.54
Present value of next 10 years cash flows RUB278,136.80
MISX:MTLR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= RUB135,536.69 × (1 + 8.44%) ÷ (27.3% – 8.44%)
RUB779,300.05
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= RUB779,300.05 ÷ (1 + 27.3%)10
RUB69,730.16
MISX:MTLR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= RUB278,136.80 + RUB69,730.16
RUB347,866.97
Equity Value per Share
(RUB)
= Total value / Shares Outstanding
= RUB347,866.97 / 208.14
RUB51.33
MISX:MTLR Discount to Share Price
Calculation Result
Exchange Rate RUB/USD
(Reporting currency to currency of NYSE:MTL)
0.016
Value per Share
(USD)
= Value per Share in RUB x Exchange Rate (RUB/USD)
= RUB1671.35 x 0.016
$26.2
Non-primary Listing Adjustment Factor 1 share in MISX:MTLR represents 32.56268x of NYSE:MTL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
32.56268x
Value per Share
(Listing Adjusted, RUB)
= Value per Share (USD) x Listing Adjustment Factor
= $ 26.20 x 32.56268
RUB853.25
Value per share (RUB) From above. RUB853.25
Current discount Discount to share price of RUB68.71
= -1 x (RUB68.71 - RUB853.25) / RUB853.25
91.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Mechel PAO is available for.
Intrinsic value
>50%
Share price is RUB68.71 vs Future cash flow value of RUB853.25
Current Discount Checks
For Mechel PAO to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Mechel PAO's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Mechel PAO's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Mechel PAO's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Mechel PAO's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
MISX:MTLR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in RUB RUB60.67
NYSE:MTL Share Price ** NYSE (2019-04-23) in USD $2.11
NYSE:MTL Share Price converted to RUB reporting currency Exchange rate (USD/ RUB) 63.784 RUB134.58
Russian Federation Metals and Mining Industry PE Ratio Median Figure of 19 Publicly-Listed Metals and Mining Companies 4.54x
Russian Federation Market PE Ratio Median Figure of 129 Publicly-Listed Companies 7.39x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Mechel PAO.

MISX:MTLR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:MTL Share Price ÷ EPS (both in RUB)

= 134.58 ÷ 60.67

2.22x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mechel PAO is good value based on earnings compared to the RU Metals and Mining industry average.
  • Mechel PAO is good value based on earnings compared to the Russian Federation market.
Price based on expected Growth
Does Mechel PAO's expected growth come at a high price?
Raw Data
MISX:MTLR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 2.22x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
Europe Metals and Mining Industry PEG Ratio Median Figure of 62 Publicly-Listed Metals and Mining Companies 0.68x
Russian Federation Market PEG Ratio Median Figure of 33 Publicly-Listed Companies 0.5x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Mechel PAO, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Mechel PAO's assets?
Raw Data
MISX:MTLR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in RUB RUB-1,171.71
NYSE:MTL Share Price * NYSE (2019-04-23) in USD $2.11
NYSE:MTL Share Price converted to RUB reporting currency Exchange rate (USD/ RUB) 63.784 RUB134.58
Russian Federation Metals and Mining Industry PB Ratio Median Figure of 20 Publicly-Listed Metals and Mining Companies 0.42x
Russian Federation Market PB Ratio Median Figure of 149 Publicly-Listed Companies 0.81x
MISX:MTLR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:MTL Share Price ÷ Book Value per Share (both in RUB)

= 134.58 ÷ -1,171.71

-0.11x

* Primary Listing of Mechel PAO.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mechel PAO has negative assets, we can't compare the value of its assets to the RU Metals and Mining industry average.
X
Value checks
We assess Mechel PAO's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Mechel PAO has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Mechel PAO expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-2.6%
Expected annual growth in revenue.
Earnings growth vs Low Risk Savings
Is Mechel PAO expected to grow at an attractive rate?
  • Unable to compare Mechel PAO's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Mechel PAO's earnings growth to the Russian Federation market average as no estimate data is available.
  • Mechel PAO's revenues are expected to decrease over the next 1-3 years, this is below the Russian Federation market average.
Annual Growth Rates Comparison
Raw Data
MISX:MTLR Future Growth Rates Data Sources
Data Point Source Value (per year)
MISX:MTLR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts -2.6%
Russian Federation Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average -1.8%
Europe Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 0.9%
Russian Federation Market Earnings Growth Rate Market Cap Weighted Average 3.4%
Russian Federation Market Revenue Growth Rate Market Cap Weighted Average 4.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
MISX:MTLR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in RUB Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
MISX:MTLR Future Estimates Data
Date (Data in RUB Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 295,135 1
2020-12-31 294,047 1
2019-12-31 319,922 1
MISX:MTLR Past Financials Data
Date (Data in RUB Millions) Revenue Cash Flow Net Income *
2018-12-31 312,574 68,118 12,628
2018-09-30 313,319 71,598 11,440
2018-06-30 306,767 66,461 11,256
2018-03-31 296,551 65,926 948
2017-12-31 299,113 63,282 11,557
2017-09-30 302,456 65,904 12,780
2017-06-30 295,196 65,555 4,002
2017-03-31 291,191 58,706 21,006
2016-12-31 276,009 53,207 7,552
2016-09-30 255,452 7,674 -34,500
2016-06-30 253,004 4,417 -90,097
2016-03-31 240,704 39,926 -97,204

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Mechel PAO is high growth as no earnings estimate data is available.
  • Mechel PAO's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
MISX:MTLR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Mechel PAO Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

MISX:MTLR Future Estimates Data
Date (Data in RUB Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
MISX:MTLR Past Financials Data
Date (Data in RUB Millions) EPS *
2018-12-31 60.67
2018-09-30 54.96
2018-06-30 54.08
2018-03-31
2017-12-31 55.53
2017-09-30 61.40
2017-06-30 19.23
2017-03-31
2016-12-31 36.28
2016-09-30
2016-06-30
2016-03-31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Mechel PAO will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Mechel PAO's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Russian Federation market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Mechel PAO has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Mechel PAO performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Mechel PAO's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Mechel PAO has delivered over 20% year on year earnings growth in the past 5 years.
  • Mechel PAO's 1-year earnings growth is less than its 5-year average (9.3% vs 46.8%)
  • Mechel PAO's earnings growth has exceeded the RU Metals and Mining industry average in the past year (9.3% vs -2.7%).
Earnings and Revenue History
Mechel PAO's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Mechel PAO Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

MISX:MTLR Past Revenue, Cash Flow and Net Income Data
Date (Data in RUB Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 312,574.00 12,628.00 73,243.00
2018-09-30 313,319.00 11,440.00 71,986.00
2018-06-30 306,767.00 11,256.00 71,092.00
2018-03-31 296,551.00 948.00 70,822.00
2017-12-31 299,113.00 11,557.00 69,927.00
2017-09-30 302,456.00 12,780.00 73,533.00
2017-06-30 295,196.00 4,002.00 74,318.00
2017-03-31 291,191.00 21,006.00 75,291.00
2016-12-31 276,009.00 7,552.00 76,091.00
2016-09-30 255,452.00 -34,500.00 70,820.00
2016-06-30 253,004.00 -90,097.00 70,608.00
2016-03-31 240,704.43 -97,204.04 66,489.78
2015-12-31 253,141.00 -115,985.00 69,328.00
2015-09-30 305,851.97 -177,135.50 90,726.97
2015-06-30 183,403.17 -102,967.18 53,160.73
2015-03-31 338,671.54 -148,307.47 100,825.79
2014-12-31 243,992.00 -121,002.00 75,414.00
2014-09-30 272,306.21 -57,854.50 78,314.96
2014-06-30 248,600.57 -38,628.66 72,606.78
2014-03-31 271,552.19 -69,481.74 75,652.35
2013-12-31 279,475.12 -56,186.06 75,056.44
2013-09-30 295,396.38 -69,237.02 72,511.89
2013-06-30 314,581.62 -62,934.31 71,645.00
2013-03-31 335,522.24 -67,529.71 72,094.56
2012-12-31 328,423.04 -41,456.32 69,677.28
2012-09-30 347,918.07 -3,837.04 66,812.58
2012-06-30 382,908.05 -6,315.32 73,885.56

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Mechel PAO has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • Mechel PAO used its assets more efficiently than the RU Metals and Mining industry average last year based on Return on Assets.
  • It is difficult to establish if Mechel PAO improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.
X
Past performance checks
We assess Mechel PAO's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Mechel PAO has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Mechel PAO's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Mechel PAO's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Mechel PAO's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Mechel PAO's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Mechel PAO's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Mechel PAO has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Mechel PAO Company Filings, last reported 3 months ago.

MISX:MTLR Past Debt and Equity Data
Date (Data in RUB Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 -233,195.00 471,635.00 2,311.00
2018-09-30 -235,205.00 479,048.00 3,271.00
2018-06-30 -242,244.00 490,911.00 3,482.00
2018-03-31 -242,683.00 487,686.00 1,847.00
2017-12-31 -244,133.00 490,897.00 3,014.00
2017-09-30 -241,662.00 487,533.00 2,276.00
2017-06-30 -248,065.00 488,951.00 2,977.00
2017-03-31 -237,304.00 482,333.00 2,924.00
2016-12-31 -252,588.00 493,145.00 1,856.00
2016-09-30 -253,767.00 481,498.00 2,444.00
2016-06-30 -217,231.00 467,458.00 2,839.00
2016-03-31 -261,854.00 509,970.00 3,124.00
2015-12-31 -261,854.00 509,970.00 3,124.00
2015-09-30 -206,034.69 426,041.74 2,352.95
2015-06-30 -157,946.01 389,997.30 2,503.12
2015-03-31 -161,418.29 400,414.83 3,671.54
2014-12-31 -146,413.00 411,223.00 4,169.00
2014-09-30 -8,748.53 325,516.83 2,847.85
2014-06-30 4,583.32 308,347.99 2,342.78
2014-03-31 28,554.31 331,901.14 9,600.03
2013-12-31 26,673.56 310,040.31 8,967.72
2013-09-30 41,892.20 309,004.78 3,377.79
2013-06-30 46,777.50 313,924.77 3,187.41
2013-03-31 101,850.32 303,188.85 5,284.64
2012-12-31 108,104.66 300,451.91 9,050.86
2012-09-30 147,239.83 317,001.20 18,173.02
2012-06-30 147,113.43 301,731.41 4,890.44
  • Mechel PAO has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Mechel PAO's debt level has increased considering it has negative shareholder equity.
  • Debt is not well covered by operating cash flow (14.4%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.6x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Mechel PAO's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Mechel PAO has a total score of 0/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Mechel PAO's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Mechel PAO dividends. Estimated to be 2.54% next year.
If you bought RUB2,000 of Mechel PAO shares you are expected to receive RUB0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Mechel PAO's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Mechel PAO's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
MISX:MTLR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Europe Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 65 Stocks 5.7%
Russian Federation Market Average Dividend Yield Market Cap Weighted Average of 75 Stocks 6.8%
Russian Federation Minimum Threshold Dividend Yield 10th Percentile 1.7%
Russian Federation Bottom 25% Dividend Yield 25th Percentile 3.2%
Russian Federation Top 25% Dividend Yield 75th Percentile 9.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

MISX:MTLR Future Dividends Estimate Data
Date (Data in RUB) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 3.48 1.00
2020-12-31 3.09 1.00
2019-12-31 3.67 1.00
MISX:MTLR Past Annualized Dividends Data
Date (Data in RUB) Dividend per share (annual) Avg. Yield (%)
2014-05-15 0.000 0.000
2014-02-25 0.000 0.000
2013-10-31 0.000 0.000
2013-04-16 0.000 0.000
2012-05-10 16.120 4.181
2011-06-29 17.460 2.490
2011-05-10 17.460 1.207
2010-07-14 1.909 0.133
2010-03-01 2.025 0.150
2009-07-02 11.060 1.160
2009-06-23 11.257 2.138
2009-06-03 11.145 1.892
2009-04-24 65.650 13.885

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Mechel PAO has not reported any payouts.
  • Unable to verify if Mechel PAO's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Mechel PAO's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Mechel PAO has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (8x coverage).
X
Income/ dividend checks
We assess Mechel PAO's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Mechel PAO afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Mechel PAO has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Mechel PAO's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Oleg Korzhov
AGE 48
TENURE AS CEO 5.3 years
CEO Bio

Mr. Oleg V. Korzhov had been the Chairman of the Management Board and General Director of Mechel PAO (also known as: Mechel, OJSC) since January 1, 2014 and its Member of Management Board since March 2009. Mr. Korzhov served as Senior Vice President for Economics & Management at Mechel OAO from February 2012 to December 2013. He served as Vice President of Business Planning & Analyses of Mechel OAO from April 2009 until October 2011 and its Member of Management Board since August 6, 2007. He served as a Director of Planning & Budgeting Department for Mechel Management of Mechel OAO. From February 2006 to July 2008, he was Economic Planning Director at Mechel Management Company OOO. He served as Deputy Chief Executive Officer for Economy and Finance of Mechel Management OOO of Mechel OAO (Formerly, Mechel Open Joint Stock Company) since July 2008. He served as a Director of the Economy and Planning Department at Mechel Management Company OOO for two years. He has been Director of Mechel OAO since June 2014. He served as Director of Planning and Budgeting Department of Mechel Management. From 2005 to 2006, Mr. Korzhov served as Director for the Economy and Planning Office of Mechel OAO. He served as Director for Economy and Finance at Nizhnetagilsky Metallurgical Plant (NTMP) of Evrazholding Company OOO from 2003 to 2005. From 1998 to 2003, he served as Deputy Head of Economy Department at Nizhnetagilsky Metallurgical Plant OAO. From 1997 to 1998, he served as Executive Officer of Nikoremstroy OAO. From 1995 to 1997, he served as Deputy Chief Executive Officer for economy and finance of Nikoremstroy OAO (NTMP OAO's subsidiary). From 1993 to 1995 he worked at various positions at Nizhnetagilsky Metallurgical Plant named after V.I. Lenin. He has been a Director of Mechel Mining OAO since July 2011. Mr. Korzhov serves as a Director at Public Joint Stock Company Chelyabinsk Metallurgical Plant. Mr. Korzhov graduated from Urals Polytechnic Institute named after S.M. Kyrov with the Degree in Economy and Management in Metallurgy. He had his post-graduate education in the Academy of National Economy under the Government of the Russian Federation with the degree in general management and a PhD in Economy.

CEO Compensation
  • Insufficient data for Oleg to compare compensation growth.
  • Insufficient data for Oleg to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team Tenure

Average tenure and age of the Mechel PAO management team in years:

4.2
Average Tenure
54
Average Age
  • The tenure for the Mechel PAO management team is about average.
Management Team

Oleg Korzhov

TITLE
Chairman of the Management Board
AGE
48
TENURE
5.3 yrs

Nelli Galeeva

TITLE
CFO & Member of Management Board
AGE
45
TENURE
1.3 yrs

Irina Ipeeva

TITLE
Director of Legal Department & Member of Management Board
AGE
55
TENURE
11.6 yrs

Victor Trigubko

TITLE
Senior VP of Government Relations
AGE
62
TENURE
3.2 yrs

Valery Sheverdin

TITLE
VP of Corporate Security & Member of Management Board
AGE
55
TENURE
4.7 yrs

Minas Darbinyan

TITLE
Deputy Chief Executive Officer of Financial Control & Member of Management Board
AGE
35
TENURE
3.8 yrs

Natalia Trubkina

TITLE
Human Resources Director & Member of Management Board
AGE
54
TENURE
3.2 yrs

Tatiana Kalyadina

TITLE
Chief Accountant

Alexey Lukashov

TITLE
Director of Investor Relations

Konstantin Panfilov

TITLE
Executive VP - Kemerovo Region & Head of the Representative Office
TENURE
8.8 yrs
Board of Directors Tenure

Average tenure and age of the Mechel PAO board of directors in years:

3.1
Average Tenure
64.5
Average Age
  • The tenure for the Mechel PAO board of directors is about average.
Board of Directors

Igor Zyuzin

TITLE
Chairman of the Board
AGE
58
TENURE
8.8 yrs

Oleg Korzhov

TITLE
Chairman of the Management Board
AGE
48
TENURE
4.8 yrs

Alexander Shokhin

TITLE
Deputy Chairman of the Board
AGE
67
TENURE
2.8 yrs

Victor Trigubko

TITLE
Senior VP of Government Relations
AGE
62
TENURE
2.8 yrs

Alexander Starodubov

TITLE
Chairman of the Board of Directors of Mecheltrans
AGE
72
TENURE
7.3 yrs

Yuriy Malyshev

TITLE
Independent Director
AGE
79
TENURE
5.8 yrs

Alexander Orishchin

TITLE
Independent Director
AGE
86
TENURE
3.1 yrs

Georgiy Petrov

TITLE
Independent Director
AGE
70
TENURE
1.8 yrs

Alexander Nikolaevich Kotsky

TITLE
Independent Director
AGE
61
TENURE
3.1 yrs

Tigran Khachaturov

TITLE
Independent Director
AGE
39
TENURE
3.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (RUB) Value (RUB)
X
Management checks
We assess Mechel PAO's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Mechel PAO has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Mechel PAO, together with its subsidiaries, engages in mining, steel, and power businesses in Russia, Asia, Europe, the Commonwealth of Independent States, the Middle East, the United States, and internationally. Its Mining segment produces and sells coking, metallurgical, and steam coal; coke; chemical products, including coal tar, coal benzene, and other compounds; and iron ore and iron ore concentrates, as well as offers sea, rail, and motor transportation logistics services to third parties. The company’s Steel segment produces and sells semi-finished steel products, long steel products, and carbon and stainless flat products; ferrosilicon products; and pig iron, as well as metal products, including wire products, stampings and forgings, structural shapes, beams, and rails. Its Power segment generates and supplies electricity, heat energy, and other power resources to third parties. The company was formerly known as Mechel OAO and changed its name to Mechel PAO in March 2016. Mechel PAO was founded in 2003 and is based in Moscow, Russia.

Details
Name: Mechel PAO
MTLR
Exchange: MISX
Founded: 2003
$27,878,940,071
208,135,372
Website: http://www.mechel.ru
Address: Mechel PAO
Krasnoarmeyskaya Street 1,
Moscow,
125167,
Russia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE MTL ADR EA REPR 2 ORD SPON (POST REV SPLIT) New York Stock Exchange US USD 29. Oct 2004
DB MHSG ADR EA REPR 2 ORD SPON (POST REV SPLIT) Deutsche Boerse AG DE EUR 29. Oct 2004
NYSE MTL.PR SPON ADS EACH REP 0.5 PFD SHS RUB0.00 New York Stock Exchange US USD 10. May 2010
MISX MTLRP PREF RUB10 Micex - Rts RU RUB 21. Apr 2011
MISX MTLR Common Shares Micex - Rts RU RUB 28. Feb 2005
DB MHSE SPON ADS EACH REP 0.5 PFD SHS RUB0.00 Deutsche Boerse AG DE EUR 10. May 2010
Number of employees
Current staff
Staff numbers
59,382
Mechel PAO employees.
Industry
Steel
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 21:26
End of day share price update: 2019/04/23 00:00
Last estimates confirmation: 2019/04/19
Last earnings filing: 2019/03/21
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.