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SCF Group (FLOT) RUB

At a glance: strengths & risks
✗Revenue declining (-44%)✗Profit falling (-222%)✗Loss-making last FY✗Margins compressing (51%→-2%)✗Pricier than own history (EV/EBITDA 4.8 vs avg 2.6)✗No dividends currently

Sector: Transport & Logistics

RU_FLOT

Price chart

75.07 RUBDay 2.03%

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
75.07 RUB · 2.03%
Market cap
178.3 bn RUB

Growth

Δ revenue y/y
33.5%
Δ EBITDA y/y
81.1%

Multiples

P/E (LTM)
—
3y avg: 4.8x
P/B (FY)
0.5x
P/E (ann.)
6.1x
EV/EBITDA (LTM)
4.8x
3y avg: 2.6x
EV/EBITDA (ann.)
3.0x

Cash return

Dividend yield
—
FCF yield (LTM)
-11.5%

Value creation

fundamental value/yr, % of market cap
Value created / year
+44.8%
↓ details

Liquidity

Daily turnover (MOEX)
509.6 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 RUB, 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 RUBOperating profitB RUBD&AB RUBEBITDAB RUBNet profitB RUBOperating CFB RUBCapex + M&AB RUBAssetsB RUBEquityB RUBROE (annualized)Net debtB RUBSource
2026-03-31Q1 2026 (3M)OK34.9
y/y 33.5%
9.0
y/y —
8.9
y/y -27.3%
17.9
y/y 81.1%
7.4
y/y —
23.0—556.5
y/y 3.2%
385.1
y/y -4.2%
7.8%34.9Report (PDF)
2025-12-31Q4 2025 (3M)OK25.0
y/y -54.3%
-39.6
y/y -1419.4%
10.8
y/y -29.7%
-28.9
y/y -257.4%
-14.5
y/y -388.6%
17.0-45.5545.5
y/y -19.7%
366.5
y/y -28.3%
-13.5%37.3Report (PDF)
2025-09-30Q3 2025 (3M)OK26.0
y/y -35.7%
0.0
y/y -99.8%
7.0
y/y -28.4%
7.0
y/y -69.3%
3.0
y/y -81.5%
12.6—538.1
y/y -17.2%
398.9
y/y -17.4%
1.0%-1.9Report (PDF)
2025-06-30Q2 2025 (3M)OK27.4
y/y -36.0%
0.1
y/y -98.9%
9.3
y/y -9.0%
9.4
y/y -59.6%
-3.3
y/y -133.8%
0.6-0.8512.4
y/y -16.7%
381.1
y/y -12.3%
-3.4%9.6Report (PDF)
2025-03-31Q1 2025 (3M)OK26.2
y/y -47.3%
-2.3
y/y -111.4%
12.2
y/y 20.4%
9.9
y/y -67.5%
-36.9
y/y -288.0%
1.7-29.0539.0
y/y -16.9%
402.2
y/y -16.4%
-32.3%14.5Report (PDF)
2024-12-31Q4 2024 (3M)OK54.6
y/y -15.5%
3.0
y/y -89.6%
15.3
y/y 75.8%
18.3
y/y -51.0%
-3.0
y/y -110.7%
30.1-8.1679.7
y/y 7.4%
511.0
y/y 12.9%
8.6%15.7Report (PDF)
2024-09-30Q3 2024 (3M)OK40.4
y/y -21.0%
13.1
y/y -48.1%
9.8
y/y -23.0%
22.9
y/y -39.7%
16.2
y/y -16.9%
16.2—649.6
y/y -3.5%
483.2
y/y -0.0%
4.7%23.9Report (PDF)
2024-06-30Q2 2024 (3M)OK42.9
y/y -19.6%
13.1
y/y -53.8%
10.2
y/y 7.6%
23.2
y/y -38.6%
9.8
y/y -49.9%
23.8-20.4615.1
y/y 4.0%
434.5
y/y 5.5%
8.5%10.2Report (PDF)
2024-03-31Q1 2024 (3M)OK49.6
y/y 8.2%
20.2
y/y -21.2%
10.1
y/y 36.9%
30.4
y/y -8.2%
19.6
y/y -6.1%
27.9-0.6648.3
y/y —
480.9
y/y —
16.8%34.5Report (PDF)
2023-12-31Q4 2023 (3M)OK64.7
y/y —
28.9
y/y —
8.7
y/y —
37.4
y/y —
27.7
y/y —
42.927.7632.6
y/y —
452.6
y/y —
18.7%35.5Report (PDF)
2023-09-30Q3 2023 (3M)OK51.2
y/y —
25.3
y/y —
12.7
y/y —
38.0
y/y —
19.4
y/y —
36.4-18.7673.0
y/y —
483.4
y/y —
5.8%63.5Report (PDF)
2023-06-30Q2 2023 (3M)OK53.4
y/y —
28.3
y/y —
9.4
y/y —
37.9
y/y —
19.5
y/y —
30.8-3.8591.5
y/y —
411.8
y/y —
—59.9Report (PDF)
2023-03-31Q1 2023 (3M)PARTIAL45.9
y/y —
25.7
y/y —
7.4
y/y —
33.1
y/y —
20.9
y/y —
35.2-6.3—
y/y —
—
y/y —
—61.4Report (PDF)

Revenue & EBITDA

RevenueEBITDA

Quarterly values (₽ mln)

-20 000020 00040 00060 00080 0002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Year-over-year change

-300%-200%-100%0%100%2023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Cash flow

FCF (₽ mln)

-40 000-20 000020 00040 00060 0002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Net debt / cash (₽ mln)

-10 000010 00020 00030 00040 0002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Fundamental value creation

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

Value created per year: +44.5%

How this was calculated
1. EBITDA growth (latest quarter YoY, annualised)
[EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X (2026-03-31 vs 2025-03-31)
= (17 868 − 9 867) × 2.00
15 997
2. Current EV/EBITDA (LTM)
(Market cap + Net debt) ÷ EBITDA (LTM)
= (178 291 + 34 931) ÷ 35 724
6.0x
3. Target multiple
(Current EV/EBITDA + 6.5) ÷ 2
= (6.0 + 6.5) ÷ 2
6.2x
4. Cash flow (balance method, LTM)
Net-debt reduction + dividends + buybacks − equity issuance
= -20 455 + 1 + 0 − 0
-20 454
5. Value created per year
(EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap
= (15 997 × 6.2 + -20 454) ÷ 178 291
+44.5%

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

Caveats:

  • FCF (LTM) approximated by latest FY

Revenue growth & acceleration

Growth decelerating ▼
Last-year revenue growth -44% vs -13% the year before — a -31.5 pp move. 3-year CAGR —.
revenue growth by year: 2023 +90% · 2024 -13% · 2025 -44%
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

Dividends suspended (~2.0 yr without a payout)

The company has not paid a dividend for over 18 months — profit is going to capex or deleveraging (e.g. Nornickel, NLMK, RusHydro, FSK). The forecast payout is zeroed until distributions resume; profit and cash flow may still be healthy.

1 · Forecast dividend (per policy)
Smoothed net profit (median YTD-ann./LTM/FY)-7 bn RUB
Payout ratio60%
Free cash flow (FY, OCF − capex) — caps payout-19 bn RUB
Recent actual dividend (3-yr median)17.59 ₽
= Forecast dividend per share0.00 ₽
2 · Fair yield (spread to key rate)
CBR key rate14.2%
Historical yield spread to rate (3-yr median)-8.1 pp
= Fair dividend yield7.0%
3 · Valuation → upside
Current price71.96 ₽
Forecast dividend yield—
Fair price (dividend-based)0.000 ₽

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

Dividend history

Pay yearDividend /sh
202417.59 ₽
20234.29 ₽
20216.67 ₽
20203.65 ₽
20190.73 ₽
20180.86 ₽
20173.12 ₽
20163.04 ₽
Payments by period
PeriodEx-date/sh
2024 q32024-07-1811.27 ₽
2024 q12024-01-046.32 ₽
2023 q32023-07-034.29 ₽
2021 q32021-07-016.67 ₽
2020 q32020-08-123.65 ₽
2019 q32019-07-030.73 ₽
2018 q32018-07-050.86 ₽
2017 q22017-06-223.12 ₽
2016 q32016-07-073.04 ₽
2015 q32015-07-080.57 ₽

Dividends

No dividend rows found for this issuer.

Corporate events

26.06.26Filing★ ▲ Дата определения (фиксации) лиц, имеющих право на осуществление прав по ценным бумагам эмитента
26 июня 2026 года ПАО «Совкомфлот» определит лиц, имеющих право на получение дивидендов по результатам 2025 года. Дата фиксации прав по акциям назначена на 16 июля 2026 года.
25.05.26AGM / Board★ ▲ Решения совета директоров (наблюдательного совета)
Совет директоров ПАО «Совкомфлот» принял решение рекомендовать выплату дивидендов в размере 4,87 руб. на акцию, общая сумма выплат составит 11,57 млрд. руб. Убыток за 2025 год в размере 454,8 млн. руб. будет покрыт за счет нераспределенной прибыли прошлых лет.
26.06.26AGM / BoardРешения общих собраний участников (акционеров)
На годовом собрании акционеров ПАО «Совкомфлот», состоявшемся 26 июня 2026 года, было принято решение о выплате дивидендов в размере 11 566 220 297,87 руб., что составляет 4,87 руб. на акцию. Также утверждены годовой отчет и бухгалтерская отчетность за 2025 год, а также избраны члены совета директоров и ревизионной комиссии.

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

Investment-community mentions

Substantive mentions last 7 days: 0, last 30 days: 1 across tracked channels, broker research and shows. 12 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.

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 SCF Group (FLOT) — from primary filings.

FLOT is the Russian state-owned shipping company that operates the country's nuclear-powered icebreaker fleet, primarily serving the Northern Sea Route.

Frequently asked questions

What is SCF Group (FLOT)'s EV/EBITDA?
SCF Group (FLOT) trades at 4.8x EV/EBITDA.
What is SCF Group (FLOT)'s P/B ratio?
SCF Group (FLOT) trades at a P/B of 0.5x.
What is SCF Group (FLOT)'s return on equity (ROE)?
SCF Group (FLOT)'s ROE is 7.8%.
What is SCF Group (FLOT)'s market capitalization?
SCF Group (FLOT)'s market cap is 178.3 bn RUB.