Sector: Agriculture & Food
RU_GCHE
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.
Shares: connector/market_inputs
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.
| Date | Period | Status | RevenueB RUB | Operating profitB RUB | D&AB RUB | EBITDAB RUB | Net profitB RUB | Operating CFB RUB | Capex + M&AB RUB | AssetsB RUB | EquityB RUB | ROE (annualized) | Net debtB RUB | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025-12-31 | H2 2025 (6M) | OK | 151.9 y/y 12.8% | 32.1 y/y 256.4% | 9.6 y/y 12.5% | 41.7 y/y 137.4% | 23.1 y/y 499.2% | 24.0 | -14.0 | 360.8 y/y 10.2% | 150.8 y/y 20.5% | 21.6% | 140.3 | Report (PDF) |
| 2025-06-30 | H1 2025 (6M) | OK | 136.9 y/y 9.8% | 17.4 y/y -19.1% | 8.0 y/y 10.6% | 25.5 y/y -11.6% | 7.0 y/y -56.8% | 7.7 | -10.7 | 339.4 y/y 13.0% | 127.9 y/y 0.4% | 11.0% | 150.1 | Report (PDF) |
| 2024-12-31 | H2 2024 (6M) | OK | 134.6 y/y 7.5% | 9.0 y/y -58.4% | 8.6 y/y 11.7% | 17.6 y/y -40.1% | 3.9 y/y -76.5% | 16.3 | -31.1 | 327.5 y/y 15.4% | 125.1 y/y 4.3% | 15.8% | 140.9 | Report (PDF) |
| 2024-06-30 | H1 2024 (6M) | OK | 124.7 y/y 21.3% | 21.6 y/y 14.6% | 7.3 y/y 11.5% | 28.8 y/y 13.8% | 16.1 y/y -3.4% | 15.2 | -17.0 | 300.3 y/y 13.1% | 127.4 y/y 17.3% | 26.0% | 114.6 | Report (PDF) |
| 2023-12-31 | H2 2023 (6M) | OK | 125.3 y/y — | 21.6 y/y — | 7.7 y/y — | 29.3 y/y — | 16.4 y/y — | 25.2 | -24.2 | 283.7 y/y — | 120.0 y/y — | 28.9% | 101.8 | Report (PDF) |
| 2023-06-30 | H1 2023 (6M) | OK | 102.8 y/y — | 18.8 y/y — | 6.5 y/y — | 25.3 y/y — | 16.6 y/y — | 9.0 | -10.5 | 265.6 y/y — | 108.6 y/y — | — | 98.2 | Report (PDF) |
Quarterly values (₽ mln)
Year-over-year change
FCF (₽ mln)
Net debt / cash (₽ mln)
Current 232spot vs LTM +3%
The same staged build as the commodity players: revenue → costs → EBITDA → conservative EBITDA (min of the spot case and the spot/3-yr average) → target market cap at the current EV/EBITDA. Cash costs are indexed by RU inflation (~7%); a pure producer has no commodity cost driver to re-price.
Upside (conservative): -30% · spot -16% · 3-yr -44%
How it is calculated — revenue → costs → EBITDA → conservative EBITDA → target market cap
| 1 · Reported baseline (latest FY) | |
| Revenue | 288.7 bln RUB |
| EBITDA | 67.2 bln RUB |
| Cash costs (revenue − EBITDA) | 221.5 bln RUB |
| 2 · Revenue projection | |
| Multiplier — spot | ×1.02 (+2%) |
| = Spot revenue | 294.5 bln RUB |
| Multiplier — 3-yr prices | ×0.99 (-1%) |
| = 3-yr-price revenue | 285.0 bln RUB |
| 3 · Cost projection (+ RU inflation ~5%) | |
| Cost multiplier | ×1.05 (+5%) |
| = Cash costs | 232.6 bln RUB |
| 4 · EBITDA projection (revenue − costs) | |
| = Spot EBITDA | 61.9 bln RUB |
| = 3-yr-price EBITDA | 52.4 bln RUB |
| = Avg-scenario EBITDA (spot + 3-yr)/2 | 57.1 bln RUB |
| Conservative EBITDA = min(spot, avg(spot, 3-yr)) | 57.1 bln RUB |
| 5 · Valuation → target market cap | |
| EV/EBITDA (current) | 4.1x |
| Target EV = EV/EBITDA × conservative EBITDA | 236.0 bln RUB |
| Net debt | 140.3 bln RUB |
| Target market cap = EV − net debt | 95.7 bln RUB |
| Current market cap | 137.2 bln RUB |
Upside = target market cap ÷ current − 1 = -30%
Product prices — move vs the LTM average; the 'RUB' columns include the USD/RUB move.
| Commodity | Revenue share | Spot | LTM avg | $ vs LTM | RUB vs LTM (FX) | RUB 3-yr (FX) |
|---|---|---|---|---|---|---|
| Chicken broiler (RUB) | 62% | 232.30 | 225.83 | +3% | +3% | -1% |
| Lean pork (RUB) | 29% | 1 900.37 | 1 900.37 | +0% | +0% | +2% |
| Wheat (RUB) | 8% | 15 360.00 | 14 958.26 | +3% | +3% | -18% |
Dividend-model upside: -22%
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) | 30 bn RUB |
| Payout ratio | 38% |
| Free cash flow (FY, OCF − capex) — not a cap (leverage 2.1x) | 8 bn RUB |
| Recent actual dividend (3-yr median) | 98.92 ₽ |
| = Forecast dividend per share | 158.27 ₽ |
| 2 · Fair yield (spread to key rate) | |
| CBR key rate | 14.2% |
| Historical yield spread to rate (3-yr median) | -12.5 pp |
| = Fair dividend yield | 7.0% |
| 3 · Valuation → upside | |
| Current price | 2996 ₽ |
| Forecast dividend yield | 5.3% |
| Fair price (dividend-based) | 2340 ₽ |
Forecast, not investment advice. Earnings annualization and policy assumptions are estimates.
| Pay year | Dividend /sh | |
|---|---|---|
| 2025 | 98.92 ₽ | |
| 2024 | 347.49 ₽ | |
| 2023 | 118.43 ₽ | |
| 2022 | 148.05 ₽ | |
| 2021 | 219.27 ₽ | |
| 2020 | 109.71 ₽ | |
| 2019 | 150.42 ₽ | |
| 2018 | 95.55 ₽ |
| Period | Ex-date | /sh |
|---|---|---|
| 2025 q2 | 2025-04-04 | 98.92 ₽ |
| 2024 q3 | 2024-09-26 | 142.11 ₽ |
| 2024 q2 | 2024-04-04 | 205.38 ₽ |
| 2023 q3 | 2023-09-28 | 118.43 ₽ |
| 2022 q4 | 2022-12-08 | 148.05 ₽ |
| 2021 q3 | 2021-09-29 | 85.27 ₽ |
| 2021 q2 | 2021-04-01 | 134.00 ₽ |
| 2020 q4 | 2020-10-01 | 48.79 ₽ |
| 2020 q2 | 2020-04-03 | 60.92 ₽ |
| 2019 q4 | 2019-10-03 | 48.79 ₽ |
No dividend rows found for this issuer.
| 30.03.26 | Filing | ★ ▲ Дата определения (фиксации) лиц, имеющих право на осуществление прав по ценным бумагам эмитента ПАО «Группа Черкизово» установило дату фиксации лиц, имеющих право на получение дивидендов по акциям, на 7 апреля 2026 года. Дивиденды будут выплачены по результатам 2025 отчетного года. |
| 30.03.26 | AGM / Board | ★ ▲ Решения общих собраний участников (акционеров) На годовом собрании акционеров ПАО «Группа Черкизово», состоявшемся 27 марта 2026 года, было решено выплатить дивиденды в размере 229,37 руб. на акцию за 2025 год. Также утверждены годовой отчет и финансовая отчетность за 2025 год, а состав Совета директоров определен в 9 членов. |
| 20.07.26 | Material event | События (действия), оказывающие, по мнению эмитента, существенное влияние на стоимость или котировки его ценных бумаг ПАО «Группа Черкизово» установило S-спред для своих биржевых облигаций серии БО-002Р-04 на уровне 1,65% годовых. Это событие может существенно повлиять на стоимость и котировки ценных бумаг компании. |
| 22.05.26 | AGM / Board | Решения совета директоров (наблюдательного совета) Совет директоров ПАО «Группа Черкизово» принял решение о совершении сделок с заинтересованностью, определив их цену до 10% от балансовой стоимости активов на последнюю отчетную дату. Решение будет действовать в течение одного года. |
Source: e-disclosure material filings over the last 180 days; ★ — flagged important by the classifier; summaries are automatic.
Substantive mentions last 7 days: 0, last 30 days: 0 across tracked channels, broker research and shows.
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 Cherkizovo (GCHE) — from primary filings.