RUSAL

RUSAL

25.08
RUB
-0.54
(-2.11%)
7.84P/E
Mar 18Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.64
0.62
0.57
0.53
0.66
0.68
0.64
0.56
0.79
0.92
0.8
0.8
- -
0.64
Basic EPS, GAAP
-0.22
-0.01
0.04
0.08
0.08
0.11
0.06
0.05
0.21
0.12
0.02
0.05
- -
0.06
Free Cash Flow per Basic Share
-0.01
0.06
0.07
0.04
0.06
-0.01
0.05
0.01
- -
-0.11
0.05
-0.06
- -
0.05
Dividend per Share
- -
- -
0.02
0.02
0.02
- -
- -
- -
- -
0.02
- -
- -
- -
- -
Book Value per Share
0.43
0.15
0.09
0.22
0.29
0.34
0.44
0.43
0.69
0.81
0.73
0.74
- -
0.44
Tangible Book Value per Share
0.2
-0.02
-0.06
0.05
0.12
0.18
0.28
0.27
0.53
0.64
0.57
0.59
- -
0.28
Basic Weighted Avg Shares
15,191
15,189
15,191
15,193
15,193
15,193
15,193
15,193
15,193
15,193
15,193
15,193
15,193
15,193
Sales/Revenue/Turnover
9,760
9,357
8,680
7,983
9,969
10,280
9,711
8,566
11,994
13,974
12,213
12,082
- -
9,711
Operating Margin (%)
1.28
11.35
17.75
12.83
16.12
15.93
3.89
3.36
19.08
10.82
1.98
7.85
- -
3.89
Depreciation Expense
520
459
457
453
488
513
566
570
596
503
540
538
- -
566
Net Income, GAAP
-3,322
-91
558
1,179
1,222
1,698
960
759
3,225
1,793
282
803
- -
960
Effective Tax Rate (%)
- -
161.9
26.87
12.92
5.12
13.06
8.92
- -
11.43
17.22
- -
6.41
- -
8.92
Profit Margin (%)
-34.04
-0.97
6.43
14.77
12.26
16.52
9.89
8.86
26.89
12.83
2.31
6.65
- -
9.89
Working Capital
395
1,046
482
1,057
1,810
2,812
3,878
3,086
3,844
5,524
4,223
1,602
- -
3,878
LT Debt
9,149
8,960
7,525
7,532
7,744
7,372
7,699
7,062
4,839
6,910
5,900
3,398
- -
7,699
Total Equity
6,550
2,237
1,391
3,299
4,444
5,209
6,747
6,543
10,524
12,307
11,016
11,216
- -
6,747
Return on Invested Capital (%)
- -
-4.5
10.19
7.85
12.03
10.68
2.39
- -
12.69
6.33
- -
4.63
- -
2.39
Return on Capital (%)
- -
-4.24
9.36
15.23
14.14
17.37
10.51
- -
22.5
10.79
- -
6.13
- -
11.52
Return on Common Equity (%)
-38.44
-2.07
30.76
50.28
31.56
35.18
16.06
11.42
37.79
15.71
2.42
7.22
- -
16.06

Capital Structure

USD

•

in mil. unless spec.
Jun'19
Sep'19
Dec'19
ST Debt
987
676
548
LT Borrowings
7,502
7,773
7,699
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
15,193
15,193
15,193
Market Capitalization
6,253
6,727
7,528

Working Capital

USD

•

in mil. unless spec.
Jun'19
Sep'19
Dec'19
Total Current Assets
5,753
6,267
6,268
Cash, Cash Equivalents & STI
1,080
1,730
1,939
Accounts Receivable, Net
538
633
595
Inventories
2,846
2,631
2,460
Total Current Liabilities
2,595
2,440
2,390
Payables & Accruals
- -
- -
- -
ST Debt
987
676
548
Deferred Revenue
- -
- -
- -

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
- -
Free Cash Flow
- -
- -
- -
Net Income, GAAP
- -
- -
- -
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

USD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
12,213
2024
- -
- -
12,082
2025
- -
- -
- -

Semi-annual Earnings Per Share

USD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.02
2024
- -
- -
0.05
2025
- -
- -
- -

Semi-annual Dividends Per Share

USD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
- -
2024
- -
- -
- -
2025
- -
- -
- -

Company Description

CEO
Evgeny Viktorovich Nikitin
Full Time Employees
50,895
Sector
Non-energy minerals
Industry
Aluminum
Address
8, Oktyabrskaya street Moscow MC Russian Federation 236006
IPO Date
Jan 27, 2010
Website
rusal.ru
Business
United Company RUSAL International Public Joint-Stock Company is a leading global aluminum producer headquartered in Moscow, Russia, founded in 2000. The company operates a vertically integrated value chain encompassing bauxite and nepheline ore mining, alumina refining, aluminum smelting, and finished product manufacturing. Its product portfolio includes primary aluminum, aluminum alloys, aluminum foil, rolled products, extrusions, billets, wire rods, casting alloys, and value-added products for industries such as automotive, packaging, construction, and consumer goods. RUSAL controls assets across 13 countries on five continents, producing approximately 3.7 to 3.8 million tons of aluminum and over 8 million tons of alumina annually. The company owns and operates major production facilities in Russia, Australia, Guyana, and Jamaica, underpinned by access to low-cost hydroelectric power ensuring energy-efficient operations. In recent years, RUSAL has made significant strategic advancements including investments in sustainability and innovation. The company commits to reducing greenhouse gas emissions by 35% by 2030 and aims for carbon neutrality by 2050, powering over 80% of its aluminum production with renewable energy sources. In 2024, RUSAL announced a major cost reduction initiative, achieving over 11% cost savings and substantial profit increases. The company is expanding downstream capabilities through acquisitions and strategic partnerships, notably collaborating with electric vehicle manufacturers to supply lightweight aluminum components, expected to increase revenues by approximately $1 billion in the coming years. It also invests heavily in research and development, with $300 million allocated annually to develop new lighter alloys and enhance recycling processes, alongside launching over 20 new product lines recently. Financially, RUSAL reported revenues of about $12.5 billion in 2024, with EBITDA margins around 20-25%, reflecting robust demand from automotive, construction, and packaging sectors globally, especially in growing Asian markets such as China. The company maintains a strong operational profile with continuous capacity expansions targeting 4 million tons of annual aluminum production by 2024. Its ownership structure is dominated by En+ Group, controlled by Oleg Deripaska, holding approximately 57.5% stake, with Chinese state-owned ChemChina owning around 10%. The company’s robust global footprint, technology focus, sustainability leadership, and strategic partnerships underscore its position among the top aluminum producers worldwide.