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Novolipetsk Steel

MISX:NLMK
Snowflake Description

Flawless balance sheet with outstanding track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NLMK
MISX
$16B
Market Cap
  1. Home
  2. RU
  3. Materials
Company description

Novolipetsk Steel, together with its subsidiaries, manufactures and sells steel products. The last earnings update was 2 days ago. More info.


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NLMK Share Price and Events
7 Day Returns
-1.7%
MISX:NLMK
-0.1%
RU Metals and Mining
0.4%
RU Market
1 Year Returns
6.1%
MISX:NLMK
-0.9%
RU Metals and Mining
8.3%
RU Market
NLMK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Novolipetsk Steel (NLMK) -1.7% 1.5% 14.4% 6.1% 92.9% 315%
RU Metals and Mining -0.1% 0.2% -2.7% -0.9% 40.6% 201.9%
RU Market 0.4% 3% 3.2% 8.3% 33.5% 97.8%
1 Year Return vs Industry and Market
  • NLMK outperformed the Metals and Mining industry which returned -0.9% over the past year.
  • NLMK underperformed the Market in Russian Federation which returned 8.3% over the past year.
Price Volatility
NLMK
Industry
5yr Volatility vs Market

NLMK Value

 Is Novolipetsk Steel 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 Novolipetsk Steel 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 Novolipetsk Steel.

MISX:NLMK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 12 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 19.5%
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:NLMK
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%) (13.3%))
1.169
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.17
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 8.44% + (1.169 * 9.43%)
19.46%

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

The calculations below outline how an intrinsic value for Novolipetsk Steel 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:NLMK DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 19.46%)
2019 1,635.98 Analyst x6 1,369.42
2020 1,546.52 Analyst x6 1,083.62
2021 1,615.67 Analyst x3 947.62
2022 1,550.03 Est @ -4.06% 761.00
2023 1,545.19 Est @ -0.31% 635.02
2024 1,580.95 Est @ 2.31% 543.85
2025 1,646.58 Est @ 4.15% 474.14
2026 1,736.12 Est @ 5.44% 418.47
2027 1,846.17 Est @ 6.34% 372.49
2028 1,974.83 Est @ 6.97% 333.53
Present value of next 10 years cash flows $6,939.16
MISX:NLMK DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $1,974.83 × (1 + 8.44%) ÷ (19.46% – 8.44%)
$19,424.72
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $19,424.72 ÷ (1 + 19.46%)10
$3,280.66
MISX:NLMK Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $6,939.16 + $3,280.66
$10,219.81
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $10,219.81 / 599.32
$17.05
MISX:NLMK Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in MISX:NLMK represents 6.47585x of LSE:NLMK
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
6.47585x
Value per Share
(Listing Adjusted, RUB)
= Value per Share (USD) x Listing Adjustment Factor
= $ 17.05 x 6.47585
RUB110.43
Value per share (RUB) From above. RUB110.43
Current discount Discount to share price of RUB170.32
= -1 x (RUB170.32 - RUB110.43) / RUB110.43
-54.2%

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

  • The current share price of Novolipetsk Steel is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Novolipetsk Steel's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Novolipetsk Steel's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
MISX:NLMK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $3.53
LSE:NLMK Share Price ** LSE (2019-04-25) in USD $26.3
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 7.35x

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

** Primary Listing of Novolipetsk Steel.

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

= LSE:NLMK Share Price ÷ EPS (both in USD)

= 26.3 ÷ 3.53

7.44x

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

  • Novolipetsk Steel is overvalued based on earnings compared to the RU Metals and Mining industry average.
  • Novolipetsk Steel is overvalued based on earnings compared to the Russian Federation market.
Price based on expected Growth
Does Novolipetsk Steel's expected growth come at a high price?
Raw Data
MISX:NLMK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.44x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts
-5.8%per year
Europe Metals and Mining Industry PEG Ratio Median Figure of 62 Publicly-Listed Metals and Mining Companies 0.69x
Russian Federation Market PEG Ratio Median Figure of 33 Publicly-Listed Companies 0.68x

*Line of best fit is calculated by linear regression .

MISX:NLMK PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.44x ÷ -5.8%

-1.27x

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

  • Novolipetsk Steel earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Novolipetsk Steel's assets?
Raw Data
MISX:NLMK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $11.02
LSE:NLMK Share Price * LSE (2019-04-25) in USD $26.3
Russian Federation Metals and Mining Industry PB Ratio Median Figure of 20 Publicly-Listed Metals and Mining Companies 0.41x
Russian Federation Market PB Ratio Median Figure of 149 Publicly-Listed Companies 0.81x
MISX:NLMK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:NLMK Share Price ÷ Book Value per Share (both in USD)

= 26.3 ÷ 11.02

2.39x

* Primary Listing of Novolipetsk Steel.

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

  • Novolipetsk Steel is overvalued based on assets compared to the RU Metals and Mining industry average.
X
Value checks
We assess Novolipetsk Steel'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. Novolipetsk Steel has a total score of 0/6, 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.

NLMK Future Performance

 How is Novolipetsk Steel expected to perform in the next 1 to 3 years based on estimates from 12 analysts?

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
-5.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Novolipetsk Steel expected to grow at an attractive rate?
  • Novolipetsk Steel's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 8.4%.
Growth vs Market Checks
  • Novolipetsk Steel's earnings are expected to decrease over the next 1-3 years, this is below the Russian Federation market average.
  • Novolipetsk Steel'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:NLMK Future Growth Rates Data Sources
Data Point Source Value (per year)
MISX:NLMK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts -5.8%
MISX:NLMK Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts -4.3%
Russian Federation Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average -1.9%
Europe Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 0.9%
Russian Federation Market Earnings Growth Rate Market Cap Weighted Average 3.6%
Russian Federation Market Revenue Growth Rate Market Cap Weighted Average 4.2%

*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:NLMK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 weeks ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
MISX:NLMK Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 10,355 2,392 1,683 7
2020-12-31 10,457 2,337 1,572 12
2019-12-31 11,178 2,583 1,855 4
MISX:NLMK Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 12,121 2,855 2,118
2018-12-31 12,046 2,741 2,238
2018-09-30 11,848 2,456 2,157
2018-06-30 11,272 2,288 1,868
2018-03-31 10,703 2,326 1,630
2017-12-31 10,065 1,899 1,450
2017-09-30 9,215 1,789 1,330
2017-06-30 8,889 1,719 1,361
2017-03-31 8,215 1,588 1,202
2016-12-31 7,636 1,699 935
2016-09-30 7,308 1,579 703
2016-06-30 7,099 1,514 727

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Novolipetsk Steel's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Novolipetsk Steel'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:NLMK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 weeks ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below

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

MISX:NLMK Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 2.90 3.49 2.42 8.00
2020-12-31 2.71 3.71 1.90 11.00
2019-12-31 3.13 3.16 3.09 3.00
MISX:NLMK Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 3.53
2018-12-31 3.73
2018-09-30 3.60
2018-06-30 3.12
2018-03-31 2.72
2017-12-31 2.42
2017-09-30 2.22
2017-06-30 2.27
2017-03-31 2.01
2016-12-31 1.56
2016-09-30 1.17
2016-06-30 1.21

*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.
  • Novolipetsk Steel is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Novolipetsk Steel'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.
Novolipetsk Steel has a total score of 1/6, 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.

NLMK Past Performance

  How has Novolipetsk Steel 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 Novolipetsk Steel'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.
  • Novolipetsk Steel has delivered over 20% year on year earnings growth in the past 5 years.
  • Novolipetsk Steel's 1-year earnings growth exceeds its 5-year average (29.9% vs 28.7%)
  • Novolipetsk Steel's earnings growth has exceeded the RU Metals and Mining industry average in the past year (29.9% vs -2.7%).
Earnings and Revenue History
Novolipetsk Steel'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 Novolipetsk Steel Company Filings, last reported 3 weeks ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

MISX:NLMK Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 12,121.00 2,118.00 1,272.00
2018-12-31 12,046.00 2,238.00 1,261.00
2018-09-30 11,848.00 2,157.00 1,239.00
2018-06-30 11,272.00 1,868.00 1,221.00
2018-03-31 10,703.00 1,630.00 1,197.00
2017-12-31 10,065.00 1,450.00 1,152.00
2017-09-30 9,215.00 1,330.00 1,084.00
2017-06-30 8,889.00 1,361.00 1,084.00
2017-03-31 8,215.00 1,202.00 1,080.00
2016-12-31 7,636.00 935.00 1,015.00
2016-09-30 7,308.10 703.00 996.80
2016-06-30 7,098.60 726.50 974.30
2016-03-31 7,369.60 702.00 996.50
2015-12-31 8,008.00 967.00 1,063.00
2015-09-30 8,713.90 986.30 1,150.30
2015-06-30 9,305.40 899.90 1,205.60
2015-03-31 9,973.57 919.02 1,250.02
2014-12-31 10,395.70 772.50 1,287.40
2014-09-30 10,557.77 657.07 1,266.70
2014-06-30 10,670.42 471.64 1,276.86
2014-03-31 10,691.45 324.73 1,269.24
2013-12-31 10,818.40 145.40 1,402.50
2013-09-30 11,207.60 187.66 1,421.93
2013-06-30 11,490.13 216.82 1,479.51
2013-03-31 11,918.07 460.80 1,552.56
2012-12-31 12,156.59 595.81 1,591.88
2012-09-30 12,407.11 770.85 1,678.40
2012-06-30 12,738.90 828.77 1,748.67

*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.
  • Novolipetsk Steel has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Novolipetsk Steel used its assets more efficiently than the RU Metals and Mining industry average last year based on Return on Assets.
  • Novolipetsk Steel has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Novolipetsk Steel'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.
Novolipetsk Steel has a total score of 6/6, 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.

NLMK Health

 How is Novolipetsk Steel'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 Novolipetsk Steel's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Novolipetsk Steel is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Novolipetsk Steel's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Novolipetsk Steel'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.
  • Debt is covered by short term assets, assets are 1.9x debt.
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 Novolipetsk Steel Company Filings, last reported 3 weeks ago.

MISX:NLMK Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 6,622.00 2,096.00 1,182.00
2018-12-31 5,834.00 2,075.00 1,198.00
2018-09-30 6,195.00 2,123.00 1,523.00
2018-06-30 6,269.00 2,100.00 1,342.00
2018-03-31 7,175.00 2,365.00 1,716.00
2017-12-31 6,646.00 2,281.00 1,585.00
2017-09-30 6,692.00 2,555.00 1,897.00
2017-06-30 6,546.00 2,414.00 1,449.00
2017-03-31 7,092.80 2,343.50 1,479.60
2016-12-31 6,310.00 2,269.00 1,580.00
2016-09-30 6,134.50 2,498.00 1,810.90
2016-06-30 5,752.90 2,797.40 1,636.20
2016-03-31 5,632.60 2,665.90 1,698.90
2015-12-31 5,137.00 2,676.00 1,586.00
2015-09-30 5,771.90 2,440.70 1,369.60
2015-06-30 6,640.50 2,516.31 1,383.57
2015-03-31 6,488.47 2,561.78 1,314.96
2014-12-31 6,256.70 2,768.50 1,170.50
2014-09-30 8,922.31 3,294.11 1,482.62
2014-06-30 10,228.12 3,845.11 1,730.69
2014-03-31 9,603.24 3,898.02 1,583.42
2013-12-31 10,398.50 4,190.50 1,455.00
2013-09-30 10,399.02 4,139.73 1,351.46
2013-06-30 10,296.01 4,802.81 1,361.94
2013-03-31 10,891.67 4,960.53 1,491.02
2012-12-31 11,090.29 4,688.03 1,058.15
2012-09-30 10,918.60 5,301.20 1,813.61
2012-06-30 10,194.88 4,357.29 779.66
  • Novolipetsk Steel's level of debt (31.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (40.6% vs 31.7% today).
  • Debt is well covered by operating cash flow (136.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 71.1x coverage).
X
Financial health checks
We assess Novolipetsk Steel'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. Novolipetsk Steel has a total score of 6/6, 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.

NLMK Dividends

 What is Novolipetsk Steel'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
13.06%
Current annual income from Novolipetsk Steel dividends. Estimated to be 10.18% next year.
If you bought RUB2,000 of Novolipetsk Steel shares you are expected to receive RUB261 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?
  • Novolipetsk Steel's pays a higher dividend yield than the bottom 25% of dividend payers in Russian Federation (3.25%).
  • Novolipetsk Steel's dividend is above the markets top 25% of dividend payers in Russian Federation (9.23%).
Upcoming dividend payment

Purchase Novolipetsk Steel before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:NLMK 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 12 Analyst Estimates (S&P Global) See Below
Europe Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 65 Stocks 5.8%
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 3.3%
Russian Federation Top 25% Dividend Yield 75th Percentile 9.2%

Industry and Market average data is calculated daily.

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

MISX:NLMK Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 2.55 8.00
2020-12-31 2.56 11.00
2019-12-31 3.44 3.00
MISX:NLMK Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-04 3.436 13.514
2018-03-07 1.994 8.872
2017-03-06 1.513 7.345
2016-05-17 1.033 7.164
2016-03-24 1.003 7.950
2015-08-13 0.445 5.209
2015-05-21 1.012 8.625
2015-03-27 0.536 4.448
2014-11-11 0.250 2.428
2014-08-13 0.377 3.238
2014-05-20 0.185 1.388
2014-03-27 0.185 1.537
2013-05-17 0.169 1.236
2013-04-19 0.196 1.210
2012-05-17 0.594 3.444
2012-03-27 0.644 3.345
2011-11-18 0.871 4.036
2011-10-17 0.890 3.698
2011-08-16 0.854 3.620
2011-06-07 0.609 1.789
2011-03-30 0.638 1.686
2010-12-15 0.405 0.897
2010-11-12 0.394 0.983
2010-09-30 0.397 1.104
2010-08-04 0.400 1.266
2010-04-30 0.069 0.244
2009-11-03 0.000 0.000
2009-10-30 0.000 0.000
2009-09-01 0.000 0.000
2009-07-28 0.000 0.000
2009-06-02 0.000 0.000
2009-04-30 0.000 0.000

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

  • Novolipetsk Steel has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Novolipetsk Steel only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Novolipetsk Steel's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (1.1x coverage).
X
Income/ dividend checks
We assess Novolipetsk Steel'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 Novolipetsk Steel afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Novolipetsk Steel has a total score of 2/6, see the detailed checks below.


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

NLMK Management

 What is the CEO of Novolipetsk Steel'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
Grigory Fedorishin
AGE 39
TENURE AS CEO 1.1 years
CEO Bio

Mr. Grigory Fedorishin has been President, Chief Executive Officer and Chairman of the Management Board of PJSC Novolipetsk Steel since March 12, 2018 and as its Member of Management Board since November 06, 2012. Mr. Fedorishin served as Deputy Chairman of the Management Board and Senior Vice President at OJSC Novolipetsk Steel from March 13, 2017 until March 12, 2018. Mr. Fedorishin served as the Chief Financial Officer of OJSC Novolipetsk Steel until March 13, 2017. Mr. Fedorishin served as Vice President of Finance of OJSC Novolipetsk Steel from December 28, 2012 to March 13, 2017. Prior to that, Mr. Fedorishin served as Director of Strategy and Business Development at OJSC Novolipetsk Steel. From 2009 to 2011 served as an investment manager at Libra Capital, a Moscow-based investment management company. From 2001 to 2009 worked for PricewaterhouseCoopers consulting company where he held positions up to a director of business restructuring practice. He graduated from Academy of Finance, Moscow. He holds a master degree in Business Administration from INSEAD business school, France & Singapore. He is a member of an association of Certified Financial Analysts (CFA).

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

Average tenure and age of the Novolipetsk Steel management team in years:

1.6
Average Tenure
40.5
Average Age
  • The average tenure for the Novolipetsk Steel management team is less than 2 years, this suggests a new team.
Management Team

Grigory Fedorishin

TITLE
President
AGE
39
TENURE
1.1 yrs

Shamil Kurmashov

TITLE
Chief Financial Officer
AGE
40
TENURE
0.4 yrs

Ben De Vos

TITLE
VP of International Operations & Member of the Management Board
AGE
51
TENURE
3 yrs

Sergey Filatov

TITLE
MD & Member of Management Board
AGE
59
TENURE
6.3 yrs

Ilya Guschin

TITLE
VP of Sales & Member of the Management Board
AGE
42
TENURE
4.3 yrs

Sergey Likharev

TITLE
VP of Logistics & Member of the Management Board
AGE
54
TENURE
5.3 yrs

Eugene Ovcharov

TITLE
VP of Risk Management & Member of the Management Board
AGE
41
TENURE
1 yrs

Sergey Chebotarev

TITLE
VP of Energy & Member of the Management Board
AGE
38
TENURE
1 yrs

Tatyana Averchenkova

TITLE
VP of Operational Efficiency & Member of Management Board
AGE
39
TENURE
2.1 yrs

Mikhail Arkhipov

TITLE
VP for Human Resources & Management System and member of the Management Board
AGE
36
TENURE
1 yrs
Board of Directors Tenure

Average tenure and age of the Novolipetsk Steel board of directors in years:

8
Average Tenure
60
Average Age
  • The tenure for the Novolipetsk Steel board of directors is about average.
Board of Directors

Vladimir Lisin

TITLE
Chairman of the Board
AGE
62
TENURE
21.3 yrs

Mikhail Makeev

TITLE
Chairman of the Audit Commission & Director of Audit Division

Oleg Bagrin

TITLE
Director
AGE
44
TENURE
15.3 yrs

Stanislav Shekshnia

TITLE
Independent Director
AGE
54
TENURE
3.8 yrs

Marjan Oudeman

TITLE
Independent Director
AGE
60
TENURE
0.8 yrs

Nikolai Gagarin

TITLE
Director
AGE
68
TENURE
18.3 yrs

Karen Sarkisov

TITLE
Director
AGE
55
TENURE
8.8 yrs

Benedict Sciortino

TITLE
Independent Director
AGE
68
TENURE
7.3 yrs

Thomas Veraszto

TITLE
Independent Director
AGE
56
TENURE
2.8 yrs

Joachim Limberg

TITLE
Independent Director
AGE
64
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 Novolipetsk Steel'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. Novolipetsk Steel 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.

NLMK News

Simply Wall St News

NLMK Company Info

Description

Novolipetsk Steel, together with its subsidiaries, manufactures and sells steel products. It operates in six segments: Mining, Russian Flat Products, Russian Long Products, NLMK USA, NLMK DanSteel and Plates Distribution Network, and Investments in NBH. The Mining segment mines, processes, and sells iron ore, fluxing limestone, and metallurgical dolomite, as well as supplies raw materials to the steel segment and third parties. The Russian Flat Products segment produces and sells coke and steel products, such as pig iron, steel slabs, hot rolled steel, cold rolled steel, galvanized cold rolled sheets, and cold rolled sheets with polymeric coatings, as well as electro-technical steel. The Russian Long Products segment produces long products, reinforcing rebars, and metalware from scrap iron collection and recycling. The NLMK USA segment produces and sells steel products in the United States. The NLMK DanSteel and Plates Distribution Network segment produces and sells steel plates in Europe and internationally. The Investments in NBH segment produces hot rolled, cold rolled coil, plate, and galvanized and pre-pained steel products. The company’s products are used in oil and gas infrastructure, automotive industry, trucks, railroad transportation, mining machinery, agriculture machinery, shipbuilding, construction, white goods, energy equipment, and special equipment applications. It has operations in Russia, the European Union, the Middle East, Asia, Oceania, North America, and internationally. The company was founded in 1931 and is based in Lipetsk, Russia. Novolipetsk Steel is a subsidiary of Fletcher Group Holdings Limited.

Details
Name: Novolipetsk Steel
NLMK
Exchange: MISX
Founded: 1931
$1,020,021,601,250
599,322,724
Website: http://www.nlmk.com
Address: Novolipetsk Steel
2, Metallurgov square,
Lipetsk,
Lipetskaya obl., 398040,
Russia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE NLMK GDS EACH REPR 10 ORD RUB1 'REGS' London Stock Exchange GB USD 09. Dec 2005
DB N7MG GDS EACH REPR 10 ORD RUB1 'REGS' Deutsche Boerse AG DE EUR 09. Dec 2005
WBAG NLMK GDS EACH REPR 10 ORD RUB1 'REGS' Wiener Boerse AG AT EUR 09. Dec 2005
BATS-CHIXE NLMKL GDS EACH REPR 10 ORD RUB1 'REGS' BATS 'Chi-X Europe' GB USD 09. Dec 2005
BASE NLM CEDEAR EACH 2 REP 1 GDR Buenos Aires Stock Exchange AR ARS 25. Apr 2019
MISX NLMK Common Stock Micex - Rts RU RUB 22. Jul 2004
Number of employees
Current staff
Staff numbers
0
Novolipetsk Steel employees.
Industry
Steel
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/25 21:37
End of day share price update: 2019/04/25 00:00
Last estimates confirmation: 2019/04/24
Last earnings filing: 2019/04/23
Last earnings reported: 2019/03/31
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.