1. Russian Federation Stocks

  2. •

    Non-energy minerals

  3. •

    Steel
NLMK

NLMK

MMOEX:NLMK
74.30
RUB
-0.18
(-0.24%)
3.45P/E
NLMK
MOEX:NLMK
(Russian Exchange)

Recent

price

74.30

P/E

ratio

3.45

div

yld

- -

ROIC.AI

2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
TTM
USD
1.01
1.29
1.95
1.02
1.39
1.96
2.03
1.81
1.73
1.34
1.27
1.68
2.01
1.76
1.54
2,702.38
2.7
Revenue per Share
0.34
0.37
0.38
0.04
0.21
0.23
0.1
0.02
0.13
0.16
0.16
0.24
0.37
0.22
0.21
840.28
0.84
Basic EPS, GAAP
0.21
0.26
0.14
0.05
-0.01
-0.04
0.06
0.1
0.21
0.17
0.19
0.22
0.34
0.26
0.19
550.45
0.55
Free Cash Flow per Basic Share
0.13
0.12
0.14
- -
0.03
0.09
0.02
0.02
0.04
0.07
0.1
0.21
0.32
0.35
0.27
587.83
0.59
Dividend per Share
1.14
1.5
1.45
1.45
1.61
1.69
1.86
1.73
1.04
0.86
1.05
1.11
0.97
0.99
0.79
1.07
1.07
Book Value per Share
1.01
1.27
1.31
1.33
1.5
1.54
1.7
1.63
0.99
0.82
1
1.05
0.93
0.92
0.74
1.02
1.02
Tangible Book Value per Share
5,993
5,993
5,993
5,993
5,993
5,993
5,993
5,993
5,993
5,993
5,993
5,993
5,993
5,993
5,993
6
5,993
Basic Weighted Avg Shares
6,046
7,719
11,699
6,140
8,351
11,729
12,157
10,818
10,396
8,008
7,636
10,065
12,046
10,554
9,245
16,196
16,196
Sales/Revenue/Turnover
40.67
37.08
41.03
16.58
22.19
14.2
9.32
5.63
15.27
17.32
19.55
20.25
25.01
18.98
22.49
41.17
41.17
Operating Margin (%)
358
408
499
478
469
589
768
871
794
556
456
624
577
562
574
595
595
Depreciation Expense
2,066
2,247
2,279
215
1,255
1,358
596
145
773
967
935
1,450
2,238
1,339
1,236
5,036
5,036
Net Income, GAAP
26.95
26.94
23.6
64.95
22.7
25.03
33.31
60.83
31.9
26.72
19.88
20.35
17.81
25.25
21.71
20.21
20.21
Effective Tax Rate (%)
34.17
29.11
19.48
3.5
15.03
11.58
4.9
1.34
7.43
12.08
12.24
14.41
18.58
12.69
13.37
31.09
31.09
Profit Margin (%)
2,056
1,386
2,366
2,460
2,454
2,564
2,167
2,725
2,233
2,407
2,374
2,712
2,277
1,753
1,288
2,067
2,067
Working Capital
48
73
1,930
1,939
2,290
3,100
2,850
3,054
1,964
2,116
1,801
1,901
1,677
2,188
2,432
1,962
1,962
LT Debt
6,943
9,098
8,723
8,610
9,554
10,105
11,090
10,399
6,257
5,137
6,310
6,646
5,834
5,947
4,741
6,442
6,442
Total Equity
28.46
23.06
32.47
3.12
12.1
9.17
4.93
1.55
9.08
11.97
14.52
18.39
29.04
17.9
19.02
57.15
57.15
Return on Invested Capital (%)
32.99
24.99
21.74
3.43
11.04
10.39
4.14
1.09
7.21
12.23
12.05
17.13
27.07
16.63
15.31
55.82
55.82
Return on Capital (%)
34.65
28.44
25.78
2.47
13.65
13.7
5.6
1.35
9.3
17.01
16.38
22.44
35.96
22.79
23.19
90.38
90.38
Return on Common Equity (%)

Capital Structure

USD

•

in mil. unless spec.
Jun'21
Sep'21
Dec'21
ST Debt
831
1,423
1,504
LT Borrowings
2,002
1,985
1,962
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
5,993
5,993
5,993
Market Capitalization
18,846
17,798
17,360

Working Capital

USD

•

in mil. unless spec.
Jun'21
Sep'21
Dec'21
Total Current Assets
4,638
4,914
5,379
Cash, Cash Equivalents & STI
983
669
542
Accounts Receivable, Net
1,733
1,394
1,460
Inventories
1,911
2,166
2,649
Total Current Liabilities
3,060
3,085
3,312
Payables & Accruals
- -
- -
- -
ST Debt
831
1,423
1,504
Deferred Revenue
- -
- -
- -

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-2.08%
2.13%
35.88%
Free Cash Flow
11.88%
41.46%
185.13%
Net Income, GAAP
69.05%
73.8%
307.44%
Sales/Revenue/Turnover
6.3%
20.38%
75.19%
Total Cash Common Dividend
41.33%
54.39%
115.21%

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2019
2,869
2,797
2,576
2,312
10,554
2020
2,457
2,174
2,229
2,385
9,245
2021
2,867
4,139
4,560
4,630
16,196

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2019
0.06
0.07
0.06
- -
0.22
2020
0.05
0.01
0.05
- -
0.21
2021
0.13
0.23
0.27
- -
840.28

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2019
0.09
0.1
0.1
- -
0.35
2020
0.05
0.05
0.04
- -
0.27
2021
0.02
0.1
0.29
- -
587.83
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Business
PJSC Novolipetsk Steel (NLMK) is a vertically integrated steel producer headquartered in Lipetsk, Russia, founded in 1931. The company manufactures and sells a broad portfolio of steel products including flat steel products such as hot-rolled and cold-rolled steel coils, galvanized sheets, pre-painted steel, electrical steels, semi-finished products like slabs and billets, as well as long steel products including reinforcing rebars, drawn wire, and metalware. NLMK operates through several segments: Mining, Russian Flat Products, Russian Long Products, NLMK USA, NLMK DanSteel and Plates Distribution Network, and Investments in NBH. The company mines and processes iron ore, fluxing limestone, and metallurgical dolomite supplying both internal steel production and third parties. Its steel products serve diverse industries such as automotive, oil and gas infrastructure, mining, construction, railroad transportation, shipbuilding, and energy equipment. Operations span Russia, North America, the European Union, the Middle East, CIS countries, Central and South America, Asia, and Oceania. In recent developments, NLMK has advanced its strategic expansion and operational efficiency initiatives including launching new digital IT services such as an Electronic Work Permit system in 2024. The company continues to invest in green technologies and sustainability, exemplified by its 2024 Climate Programme 2030 which targets reducing specific greenhouse gas emissions significantly by 2050, and the construction of Russia’s first power plant utilizing basic oxygen furnace gas for energy generation. NLMK is progressing with increasing steel output capacity, reaching crude steel production of 14.3 million tonnes in 2024, supported by a total capacity exceeding 15 million tonnes annually. It is expanding its electric arc furnace operations at its Verona facility in Italy, targeting completion by 2027, and recently won a 2024 Project Excellence Award for its Pennsylvania reheat furnace project, reflecting its focus on efficiency and modernization. These changes reflect an emphasis on premium high-value-added product growth and sustainability alongside maintaining vertical integration and global market diversification. NLMK’s integrated business model and geographic breadth are underpinned by ownership of key assets such as Stoilensky GOK iron ore and Altai-Koks coke plants, ensuring raw material supply security. The company also maintains a strong market position among the largest Russian steelmakers and globally ranks 21st largest steel producer by output volume. It remains committed to operational excellence, innovation, and environmental stewardship in line with its strategic goals and dividend policy focused on sustainable capital allocation and shareholder returns. The company is a subsidiary of Fletcher Group Holdings Limited and continues to play a pivotal role in the global steel industry.