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Rostelecom RUB

Update

Re-runs extraction for each period with period-end year from max(2023, current year − 2) through the current year, oldest first (up to three reporting years). This can take a long time.

Sector: Telecommunications

RU_RTKM

Price chart

49.58 RUBDay -0.06%

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
49.58 RUB · -0.06%
Market cap
173.2 bn RUB

Growth

Δ revenue y/y
9.9%
Δ EBITDA y/y
13.3%

Multiples

P/E (LTM)
8.9x
3y avg: 8.5x
P/B (FY)
0.6x
P/E (ann.)
5.8x
EV/EBITDA (LTM)
2.8x
3y avg: 3.1x
EV/EBITDA (ann.)
2.9x

Cash return

Dividend yield
5.5%
FCF yield (LTM)
-15.9%

Value creation

fundamental value/yr, % of market cap
Value created / year
+10.5%
↓ details

Liquidity

Daily turnover (MOEX)
9.8 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.

🔍 Sanity check — subtotal consistency (Level-1 + Level-2) OK: 6 / Warn: 3 / Err: 9 / Autofix applied: 0
Port of PHP subtotal-total + sign-flip detection logic
PeriodIssues
2023-03-31 Q1✓OK
2023-06-30 Q2✓OK
2023-09-30 9M✓OK
2023-09-30 Q3✓OK
2023-12-31 FY✓OK
2023-12-31 Q4✓OK
2024-03-31 Q1✗Errors 1Warn 2
2024-06-30 Q2✗Errors 1Warn 2
2024-09-30 9M⚠Warn 2
2024-09-30 Q3✗Errors 2Warn 1
2024-12-31 FY✗Errors 2Warn 2
2024-12-31 Q4✗Errors 1Warn 2
2025-03-31 Q1⚠Warn 2
2025-06-30 Q2✗Errors 1Warn 1
2025-09-30 Q3⚠Warn 2
2025-12-31 FY✗Errors 1Warn 1
2025-12-31 Q4✗Errors 1Warn 2
2026-03-31 Q1✗Errors 1Warn 1
✓ All checks pass · ⚠ Has warnings (review) · ✗ Has errors (needs fix) · ✓* Autofix applied (see evidence)

Financial dynamics

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)OK208.9
y/y 9.9%
37.5
y/y 12.7%
45.3
y/y 13.7%
82.7
y/y 13.3%
7.4
y/y 9.5%
18.1-32.91441.4
y/y 4.8%
287.9
y/y 3.1%
10.5%782.1Report (PDF)
2025-12-31Q4 2025 (3M)OK270.5
y/y 15.6%
42.8
y/y 36.1%
51.2
y/y 8.2%
94.0
y/y 19.3%
0.2
y/y -94.7%
99.6-52.01432.9
y/y 3.8%
280.2
y/y 2.4%
6.7%757.7Report (PDF)
2025-09-30Q3 2025 (3M)OK208.7
y/y 8.2%
36.3
y/y 19.5%
44.1
y/y 2.3%
80.4
y/y 9.4%
5.6
y/y —
21.3-32.81411.6
y/y 6.0%
281.1
y/y 4.2%
2.6%787.6Report (PDF)
2025-06-30Q2 2025 (3M)OK203.5
y/y 13.5%
37.1
y/y 20.4%
42.7
y/y 4.5%
79.8
y/y 11.3%
6.1
y/y -55.4%
22.5-30.81402.2
y/y 9.8%
285.4
y/y -3.3%
8.6%766.3Report (PDF)
2025-03-31Q1 2025 (3M)OK190.1
y/y 9.4%
33.2
y/y 4.5%
39.8
y/y -2.9%
73.0
y/y 0.3%
6.8
y/y -45.7%
19.1-44.11375.3
y/y 10.3%
279.3
y/y -3.1%
9.8%754.6Report (PDF)
2024-12-31Q4 2024 (3M)OK233.9
y/y 10.3%
31.4
y/y 18.5%
47.3
y/y 3.1%
78.7
y/y 8.7%
4.7
y/y 151.7%
77.4-70.01380.9
y/y 11.0%
273.6
y/y -0.2%
8.9%718.7Report (PDF)
2024-09-30Q3 2024 (3M)OK193.0
y/y 11.0%
30.4
y/y -11.4%
43.1
y/y 12.7%
73.5
y/y 1.3%
-6.7
y/y -149.7%
29.7-59.91331.6
y/y 11.1%
269.8
y/y -7.7%
-3.2%683.3Report (PDF)
2024-06-30Q2 2024 (3M)OK179.3
y/y 10.5%
30.8
y/y 24.0%
40.8
y/y 9.9%
71.6
y/y 15.6%
13.6
y/y 42.6%
35.1-37.21277.1
y/y 11.9%
295.0
y/y 6.0%
18.6%624.1Report (PDF)
2024-03-31Q1 2024 (3M)OK173.8
y/y 8.9%
31.8
y/y -5.7%
41.0
y/y 13.3%
72.8
y/y 4.1%
12.5
y/y -28.0%
57.4-51.41246.7
y/y 0.2%
288.1
y/y 5.0%
17.8%618.7Report (PDF)
2023-12-31Q4 2023 (3M)OK212.0
y/y —
26.5
y/y —
45.9
y/y —
72.4
y/y —
1.9
y/y —
27.0-67.31243.8
y/y —
274.3
y/y —
14.9%634.4Report (PDF)
2023-09-30Q3 2023 (3M)OK173.9
y/y —
34.2
y/y —
38.3
y/y —
72.5
y/y —
13.6
y/y —
36.1-37.51198.8
y/y —
292.5
y/y —
6.3%554.4Report (PDF)
2023-06-30Q2 2023 (3M)OK162.3
y/y —
24.8
y/y —
37.1
y/y —
62.0
y/y —
9.5
y/y —
41.0-28.31141.8
y/y —
278.2
y/y —
13.8%535.0Report (PDF)
2023-03-31Q1 2023 (3M)OK159.6
y/y —
33.7
y/y —
36.2
y/y —
69.9
y/y —
17.4
y/y —
67.2-21.61243.8
y/y —
274.3
y/y —
—548.6Report (PDF)
Data quality No obvious scale, balance-sheet, or cash-flow sanity issues in the displayed periods.

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

-100 0000100 000200 000300 000400 0002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Year-over-year change

-50%0%50%100%2023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Cash flow

FCF ($ mln)

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

Net debt / cash ($ mln)

0200 000400 000600 000800 0002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Dividend potential

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)19 bn RUB
Payout ratio56%
Free cash flow (FY, OCF − capex) — caps payout4 bn RUB
Recent actual dividend (3-yr median)2.71 ₽
= Forecast dividend per share2.71 ₽
2 · Fair yield (spread to key rate)
CBR key rate14.5%
Historical yield spread to rate (3-yr median)-10.2 pp
= Fair dividend yield7.0%
3 · Valuation → upside
Current price49.57 ₽
Forecast dividend yield5.5%
Fair price (dividend-based)39 ₽

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

Fundamental value creation

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

Value created per year: +10.7%

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)
= (82 744 − 73 048) × 4.07
9 868
2. Current EV/EBITDA (LTM)
(Market cap + Net debt) ÷ EBITDA (LTM)
= (173 155 + 782 127) ÷ 336 831
2.8x
3. Target multiple
(Current EV/EBITDA + 6.5) ÷ 2
= (2.8 + 6.5) ÷ 2
4.7x
4. Cash flow (balance method, LTM)
Net-debt reduction + dividends + buybacks − equity issuance
= -27 572 + 0 + 0 − 0
-27 572
5. Value created per year
(EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap
= (9 868 × 4.7 + -27 572) ÷ 173 155
+10.7%

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

Caveats:

Dividends

No dividend rows found for this issuer.

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