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EuroElTech (EELT) USD

European Electrotechnics designs and supplies electrical and process equipment and turnkey engineering solutions for oil and gas, petrochemical and industrial customers.

At a glance: strengths & risks
✓Revenue growing (+47% y/y, H1 2026)✓Low leverage (0.3x EBITDA)✗Profit falling (-15% y/y, H1 2026)✗Margins compressing (12%→8%, H1 2026)

Sector: Machinery

RU_EELT

Price chart

7.54 RUBDay 0.53%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
7.54 RUB · 0.53%
Market cap
58 mln USD

Growth

Δ revenue y/y
46.9%
Δ EBITDA y/y
2.0%

Multiples

P/E (LTM)
5.3x
3y avg: 8.7x
P/B (FY)
1.3x
P/E (ann.)
17.2x
EV/EBITDA (LTM)
4.2x
3y avg: 5.2x
EV/EBITDA (ann.)
7.9x

Cash return

Dividend yield
11.3%
FCF yield (LTM)
-31.6%

Value creation

fundamental value/yr, % of market cap
Value created / year
-21.5%
↓ details

Liquidity

Daily turnover (MOEX)
8.4 mln RUB

Shares: connector/market_inputs

Amounts: USD (converted) · As reported
Converted modes use NBK / ECB-linked rates: balance sheet date for BS items, period average for P&L and cash flow (see filing row evidence). As reported keeps each row in its filing currency.

Financial results

Monetary columns are in M USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueM USDOperating profitM USDD&AM USDEBITDAM USDNet profitM USDOperating CFM USDCapex + M&AM USDAssetsM USDEquityM USDROE (annualized)Net debtM USDSource
2026-06-30Q2 2026 (3M)OK68.0
y/y 46.9%
4.5
y/y 2.1%
1.1
y/y 1.9%
5.5
y/y 2.0%
1.7
y/y -14.6%
-18.5-54.3123.5
y/y 26.0%
42.4
y/y 12.4%
7.7%28.9Report (PDF)
2025-12-31Q4 2025 (3M)OK58.7
y/y 142.1%
6.0
y/y 48.3%
0.5
y/y -29.1%
6.5
y/y 36.6%
3.8
y/y -31.8%
5.2-88.4126.8
y/y 52.7%
45.3
y/y 20.0%
26.0%5.5Report (PDF)
2025-09-30Q3 2025 (3M)OK33.9
y/y 12.0%
4.1
y/y -25.3%
0.5
y/y 48.6%
4.7
y/y -20.9%
2.8
y/y 399.6%
3.9-51.4110.2
y/y 8.3%
42.5
y/y 13.8%
9.5%8.5Report (PDF)
2025-06-30Q2 2025 (3M)OK46.3
y/y —
4.4
y/y —
1.1
y/y —
5.4
y/y —
2.0
y/y —
1.0-67.198.0
y/y —
37.8
y/y —
10.5%11.9Report (PDF)
2024-12-31Q4 2024 (3M)OK24.2
y/y -26.6%
4.1
y/y 46.9%
0.7
y/y 90.4%
4.8
y/y 52.1%
5.5
y/y 168.1%
2.9-44.883.0
y/y 8.8%
37.7
y/y 25.2%
26.3%14.6Report (PDF)
2024-09-30Q3 2024 (3M)OK30.2
y/y 68.2%
5.5
y/y 85.4%
0.4
y/y -9.5%
5.9
y/y 74.5%
0.6
y/y -77.1%
9.0-51.2101.7
y/y 57.9%
37.3
y/y 20.7%
2.2%8.4Report (PDF)
2024-06-30Q2 2024 (3M)OK25.6
y/y —
3.0
y/y —
0.4
y/y —
3.4
y/y —
2.4
y/y —
-9.5-89.078.7
y/y —
31.8
y/y —
—17.6Report (PDF)
2024-03-31Q1 2024 (3M)PARTIAL17.5
y/y —
2.3
y/y —
0.4
y/y —
2.7
y/y —
1.3
y/y —
-11.6-89.0—
y/y —
—
y/y —
—474.0Report (PDF)
2023-12-31Q4 2023 (3M)OK33.0
y/y —
2.8
y/y —
0.4
y/y —
3.1
y/y —
2.1
y/y —
-0.2-14.276.3
y/y —
30.2
y/y —
31.9%-306.1Report (PDF)
2023-09-30Q3 2023 (3M)OK18.0
y/y —
3.0
y/y —
0.4
y/y —
3.4
y/y —
2.5
y/y —
-1.2-10.464.4
y/y —
30.9
y/y —
11.3%-85.8Report (PDF)
2023-06-30Q2 2023 (3M)PARTIAL32.4
y/y —
6.0
y/y —
0.6
y/y —
6.6
y/y —
5.0
y/y —
5.4-23.663.4
y/y —
27.8
y/y —
—-642.4Report (PDF)

Net debt structure (leases included, IFRS 16) 2026-06-30

Short-term debt (incl. ST leases)31
Long-term debt (incl. LT leases)4
− Cash & equivalents6
Net debt29

Net debt / LTM EBITDA: 1.4x

Revenue & EBITDA

RevenueEBITDA

Quarterly values (₽ mln)

02040602023 q32023 q42024 q12024 q22024 q32024 q42025 H12025 q32025 q42026 H1

Year-over-year change

-50%0%50%100%2023 q32023 q42024 q12024 q22024 q32024 q42025 H12025 q32025 q42026 H1

Cash flow

FCF (₽ mln)

-20-100102023 q32023 q42024 q12024 q22024 q32024 q42025 H12025 q32025 q42026 H1

Net debt / cash (₽ mln)

-400-20002004002023 q32023 q42024 q12024 q22024 q32024 q42025 q22025 q32025 q42026 H1

Profit and cash

Worth a look
In a typical year of 2021–2025 operating cash flow came to 0.83x of reported net profit; after capex, 0.81x.
year20212022202320242025
cash flow / profit1.50x0.83x-0.07x-0.92x1.31x
accruals, % of assets-5.1%4.2%13.7%22.9%-2.8%
Last twelve months (to H1 2026): -0.42x of profit came back as operating cash flow.
net debt / EBITDA 0.3x · EBIT covers interest 4.8x · capex 1.4x of depreciation · dividends 123% of free cash flow
● In a typical year operating cash flow covered 83% of reported profit (5 profitable years).
● Dividends were 123% of the free cash flow earned over the window.
Read from the reported annual statements: cash flow / profit is the median of the yearly operating cash flow over net profit for the years shown; accruals are (profit − operating cash flow) / assets, the classic gap between what was booked and what was collected. A gap can be growth in working capital, capitalised costs, revaluations or profit from associates — the panel points at it, the statements explain it. Not investment advice.

Research & reviews

Our earnings breakdowns and investment notes on this issuer.

All research →

Quality / corporate governance

Potential discount −18% (factor 0.82)

This company's ranking potential is scaled down by a quality/governance factor from the signals below — de-prioritising 'cheap but problematic' names.

Fundamental value creation

Value the company creates per year, as a % of market cap

Value created per year: -21.4%

How this was calculated
1. EBITDA growth (latest quarter YoY, annualised)
[EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X
= —
0
2. Current EV/EBITDA (LTM)
(Market cap + Net debt) ÷ EBITDA (LTM)
= (58 + 29) ÷ 21
4.2x
3. Target multiple
(Current EV/EBITDA + 6.5) ÷ 2
= (4.2 + 6.5) ÷ 2
5.4x
4. Cash flow (balance method, LTM)
Net-debt reduction + dividends + buybacks − equity issuance
= -17 + 4 + 0 − 0
-13
5. Value created per year
(EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap
= (0 × 5.4 + -13) ÷ 58
-21.4%

Amounts in millions of the reporting currency. EBITDA growth is the latest quarter vs the same quarter a year ago, annualised.

Caveats:

  • LTM EBITDA = FY2025 + H12026 - H12025 (cumulative-YTD reporter); ΔEBITDA vs prior full year
  • cash flow = net-debt reduction + dividends + buybacks (balance method)

Revenue growth & acceleration

Growth accelerating ▲
Last-year revenue growth +42% vs +17% the year before — a +25.6 pp move. 3-year CAGR +12%.
revenue growth by year: 2023 -17% · 2024 +17% · 2025 +42%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

Dividend potential

Illiquid — forecast not shown

The line trades very thinly (low average daily turnover), so the model dividend forecast is unreliable and is not shown. Actual (sporadic) payments are in the dividend-history card below.

Dividend history

Paid, trailing 12-mo: 0.85 RUB/sh · 11.3%

Pay yearDividend /sh
20260.85 ₽
20250.26 ₽
20240.14 ₽
20231.18 ₽
20220.31 ₽
20210.27 ₽
20200.32 ₽
20190.10 ₽
Payments by period
PeriodEx-date/sh
2026 q32026-07-060.60 ₽
2026 q12026-01-140.25 ₽
2025 q32025-07-150.26 ₽
2024 q32024-07-090.14 ₽
2023 q42023-12-150.43 ₽
2023 q32023-07-050.75 ₽
2022 q42022-10-100.31 ₽
2021 q32021-07-070.27 ₽
2020 q42020-11-190.32 ₽
2019 q32019-07-150.10 ₽

Dividends

No dividend rows found for this issuer.

Corporate events

08.04.26Filing★ Проведение заседания совета директоров (наблюдательного совета) и его повестка дня
8 апреля 2026 года состоится заседание совета директоров ПАО «Европейская Электротехника», на котором будет утверждено решение о выпуске цифровых финансовых активов. Это может повлиять на стоимость акций компании.
30.06.26AGM / BoardРешения общих собраний участников (акционеров)
На годовом собрании акционеров ПАО «Европейская Электротехника» 29.06.2026 было утверждено распределение прибыли, включая дивиденды в размере 0,60 руб. на акцию, с общей суммой выплат 331,1 млн. руб. Также избраны члены Совета директоров и Ревизионной комиссии, а аудитором на 2026 год назначена организация 'Деловые Решения и Технологии'.
04.06.26AGM / BoardРешения совета директоров (наблюдательного совета)
Совет директоров ПАО «Европейская Электротехника» рекомендовал выплатить дивиденды в размере 0,60 руб. на акцию, общей суммой 331,1 млн. руб., с учетом чистой прибыли за 2025 год. Дата определения прав на получение дивидендов назначена на 07 июля 2026 года.

Source: e-disclosure material filings over the last 180 days; ★ — flagged important by the classifier; summaries are automatic.

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of EuroElTech (EELT) — from primary filings.

Frequently asked questions

What is EuroElTech (EELT)'s P/E ratio?
EuroElTech (EELT) trades at a P/E of 5.3x (price to trailing 12-month earnings).
What is EuroElTech (EELT)'s EV/EBITDA?
EuroElTech (EELT) trades at 4.2x EV/EBITDA.
What is EuroElTech (EELT)'s P/B ratio?
EuroElTech (EELT) trades at a P/B of 1.3x.
What is EuroElTech (EELT)'s dividend yield?
EuroElTech (EELT)'s trailing 12-month dividend yield is 11.3%.
What is EuroElTech (EELT)'s return on equity (ROE)?
EuroElTech (EELT)'s ROE is 7.7%.
What is EuroElTech (EELT)'s market capitalization?
EuroElTech (EELT)'s market cap is 58 mln USD.

See also: The Cheapest Stocks in the World (2026): What Value Investing Says About Buying Cheap · global valuation map