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Evrotrans AO (EUTR) USD

EuroTrans operates the Trassa network of filling stations in Moscow and Moscow region, wholesale fuel supply, an oil depot and a growing chain of electric-vehicle charging points.

At a glance: strengths & risks
✓Cheaper than own history (P/E 1.0 vs avg 5.4)✗Revenue declining (-29% y/y, H1 2026)✗Profit falling (-276% y/y, H1 2026)✗Margins compressing (10%→0%, H1 2026)

Sector: Oil & Gas

RU_EUTR

Price chart

28.9 RUBDay -4.78%

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
28.9 RUB · -4.78%
Market cap
65 mln USD

Growth

Δ revenue y/y
-28.5%
Δ EBITDA y/y
-99.0%

Multiples

P/E (LTM)
1.0x
3y avg: 5.4x
P/B (FY)
0.1x
P/E (ann.)
<0
EV/EBITDA (LTM)
—
3y avg: 181.4x

Cash return

Dividend yield
—
FCF yield (LTM)
—

Liquidity

Daily turnover (MOEX)
25.6 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 B 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.

DatePeriodStatusRevenueB USDOperating profitB USDD&AB USDEBITDAB USDNet profitB USDOperating CFB USDCapex + M&AB USDAssetsB USDEquityB USDROE (annualized)Net debtB USDSource
2026-06-30H1 2026 (6M)OK1.1
y/y -28.5%
0.0
y/y -110.2%
0.0
y/y -16.9%
0.0
y/y -99.0%
-0.1
y/y -276.3%
0.0-2.12.1
y/y 26.1%
0.4
y/y -12.2%
-35.6%75.8Report (PDF)
2025-12-31H2 2025 (6M)OK2.2
y/y 52.7%
0.1
y/y 6.2%
0.0
y/y 34.0%
0.1
y/y 8.7%
0.0
y/y -52.9%
0.1-6.32.0
y/y 35.8%
0.5
y/y 5.4%
14.1%49.7Report (PDF)
2025-06-30H1 2025 (6M)OK1.5
y/y 30.2%
0.1
y/y 53.5%
0.0
y/y 42.6%
0.1
y/y 52.1%
0.0
y/y 45.0%
0.0-8.41.7
y/y 33.0%
0.5
y/y 17.5%
19.5%60.2Report (PDF)
2024-12-31H2 2024 (6M)OK1.5
y/y 27.8%
0.1
y/y 20.1%
0.0
y/y 26.5%
0.1
y/y 20.7%
0.0
y/y -12.4%
0.1-5.41.5
y/y 22.2%
0.5
y/y 18.3%
18.1%46.7Report (PDF)
2024-06-30H1 2024 (6M)OK1.2
y/y 80.9%
0.1
y/y 63.4%
0.0
y/y 74.0%
0.1
y/y 64.7%
0.0
y/y 61.4%
0.2-9.01.3
y/y 41.6%
0.4
y/y 115.4%
15.8%43.6Report (PDF)
2023-12-31H2 2023 (6M)OK1.1
y/y —
0.1
y/y —
0.0
y/y —
0.1
y/y —
0.1
y/y —
0.0-10.51.2
y/y —
0.4
y/y —
25.2%28.8Report (PDF)
2023-06-30H1 2023 (6M)OK0.6
y/y —
0.1
y/y —
0.0
y/y —
0.1
y/y —
0.0
y/y —
0.0-2.80.9
y/y —
0.2
y/y —
—27.4Report (PDF)

Revenue & EBITDA

RevenueEBITDA

Quarterly values (₽ mln)

05001 0001 5002 0002023 H12023 H22024 H12024 H22025 H12025 H22026 H1

Year-over-year change

-100%-50%0%50%100%2023 H12023 H22024 H12024 H22025 H12025 H22026 H1

Cash flow

FCF (₽ mln)

-150-100-500502023 H12023 H22024 H12024 H22025 H12025 H22026 H1

Net debt / cash (₽ mln)

020 00040 00060 00080 0002023 H12023 FY2024 H12024 FY2025 H12025 FY2026 H1

Profit and cash

Profit is cash-backed
In a typical year of 2021–2025 operating cash flow came to 1.63x of reported net profit; after capex, -1.42x.
year20212022202320242025
cash flow / profit4.59x-5.73x-0.35x3.25x1.63x
accruals, % of assets-5.9%22.6%8.2%-12.0%-2.1%
net debt / EBITDA 2.4x · capex 5.9x of depreciation
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 −30% (factor 0.70)

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

Revenue growth & acceleration

Growth decelerating ▼
Last-year revenue growth +43% vs +47% the year before — a -4.1 pp move. 3-year CAGR +60%.
revenue growth by year: 2023 +95% · 2024 +47% · 2025 +43%
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

Dividend-model upside: -100%

The payout is forecast from smoothed profit × payout ratio, capped by free cash flow (developers exempt — escrow) and floored at the recent actual dividend (companies hold payouts while profitable). Fair yield = key rate + the historical yield-spread to the rate (so growers that historically traded below the rate score higher). Upside = fair price / current − 1.

1 · Forecast dividend (per policy)
Smoothed net profit (median YTD-ann./LTM/FY)-4 bn RUB
Payout ratio43%
Free cash flow (FY, OCF − capex) — not a cap (leverage 2.4x)-7 bn RUB
Recent actual dividend (3-yr median)17.35 ₽
= Forecast dividend per share0.00 ₽
2 · Fair yield (spread to key rate)
CBR key rate14.0%
Historical yield spread to rate (3-yr median)+4.3 pp
= Fair dividend yield18.3%
3 · Valuation → upside
Current price28.90 ₽
Forecast dividend yield—
Fair price (dividend-based)0.000 ₽

Forecast, not investment advice. Earnings annualization and policy assumptions are estimates.

Dividend history

Paid, trailing 12-mo: 17.35 RUB/sh · 60.0%

Pay yearDividend /sh
20269.17 ₽
202531.85 ₽
202423.54 ₽
20238.88 ₽
Payments by period
PeriodEx-date/sh
2026 q12026-01-139.17 ₽
2025 q42025-10-178.18 ₽
2025 q32025-07-1617.19 ₽
2025 q12025-01-146.48 ₽
2024 q42024-10-174.32 ₽
2024 q32024-07-0819.22 ₽
2023 q42023-12-078.88 ₽

Dividends

No dividend rows found for this issuer.

Investment-community mentions

Substantive mentions last 7 days: 5 (4 negative), last 30 days: 8 (7 negative) across tracked channels, broker research and shows. 10 passing mentions (digests, calendars) hidden.

Sources: Telegram channels (bloggers — blue chip, broker research — green), YouTube shows via transcripts (orange). Tone (▲/▼) is an automatic assessment in the stock's context. Quotes are fragmentary; authors' views are not our recommendations.

Corporate events

19.06.26AGM / Board★ ▼ Решения общих собраний участников (акционеров)
На годовом собрании акционеров ПАО 'ЕвроТранс', состоявшемся 17 июня 2026 года, было принято решение не выплачивать дивиденды за 2025 год, так как чистая прибыль составила 4,8 млрд. руб. Также утверждены размеры вознаграждений для членов Совета директоров: 3,6 млн. руб. в год за исполнение обязанностей, 2,4 млн. руб. для заместителей и 5,4 млн. руб. для председателя.
21.05.26Filing★ ▼ Присвоение или изменение рейтинга эмитента рейтинговым агентством или иной организацией на основании договора
ПАО 'ЕвроТранс' отозвало свой кредитный рейтинг, который ранее был ruC с прогнозом 'развивающийся'. Изменение рейтинга произошло 20 мая 2026 года.
14.04.26Filing★ ▼ Присвоение или изменение рейтинга эмиссионных ценных бумаг эмитента рейтинговым агентством или иной организацией на основании договора
ПАО 'ЕвроТранс' изменило кредитный рейтинг с ruА- (прогноз стабильный) на ruC (прогноз развивающийся) 19 марта 2026 года. Рейтинг присвоено агентством 'Эксперт РА'.
08.04.26Filing★ ▼ Неисполнение обязательств эмитента перед владельцами его эмиссионных ценных бумаг
Эмитент ПАО 'Евротранс' не исполнил обязательства по выплате купонного дохода по биржевым облигациям на сумму 86,6 млн. руб. в установленный срок, что привело к техническому дефолту. Причиной частичного неисполнения является ошибка в расчетах, в результате чего не было выплачено 76,6 млн. руб.
03.08.26AGM / BoardРешения совета директоров (наблюдательного совета)
Совет директоров ПАО 'ЕвроТранс' единогласно одобрил крупные сделки с 'Газпромбанк', включая Дополнительное соглашение № 27 к Договору об открытии кредитной линии, который был заключен в апреле 2022 года. Дата заседания совета директоров - 31.07.2026.
09.07.26BuybackСообщение об итогах приобретения эмитентом облигаций по требованию их владельцев
Компания 'Евротранс' приобрела 14 496 облигаций серии 003P-01 по требованию владельцев. Также владельцам облигаций был выплачен накопленный купонный доход на дату списания. Сделка была осуществлена в соответствии с решением о выпуске облигаций.

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 Evrotrans AO (EUTR) — from primary filings.

Frequently asked questions

What is Evrotrans AO (EUTR)'s P/E ratio?
Evrotrans AO (EUTR) trades at a P/E of 1.0x (price to trailing 12-month earnings).
What is Evrotrans AO (EUTR)'s P/B ratio?
Evrotrans AO (EUTR) trades at a P/B of 0.1x.
What is Evrotrans AO (EUTR)'s dividend yield?
Evrotrans AO (EUTR)'s trailing 12-month dividend yield is 59.6%.
What is Evrotrans AO (EUTR)'s return on equity (ROE)?
Evrotrans AO (EUTR)'s ROE is -13.4%.
What is Evrotrans AO (EUTR)'s market capitalization?
Evrotrans AO (EUTR)'s market cap is 65 mln USD.

Bonds by this issuer

IssueYTMCouponPrice, %Volume, ₽Maturity
ЕвроТранс3—13.6%8.75.8M03.2027
ЕвроТранс7—24.5%7.44.5M03.2027
ЕвроТранс4—14%12.24K10.2029
ЕвроТранс5—25%6.82.4M10.2029
ЕвроТранс6—25%6.81.5M01.2030
ЕвроТранс8—21%6.03.6M09.2030
ЕвроТранс9—20%5.92.2M12.2030
sЕвТран2P1—15.5%5.51.3M02.2031
sЕвТрнс2P2—15.5%6.0672K03.2031
sЕвТранс01—23%5.87.8M05.2032

YTM and turnover from MOEX; floaters have no fixed YTM. Not investment advice.

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