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TMK (pipe) USD

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: Metals & Steel

RU_TRMK

Price chart

72.44 RUBDay -2.56%

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
72.44 RUB · -2.56%
Market cap
1.1 bn USD

Growth

Δ revenue y/y
-34.5%
Δ EBITDA y/y
-43.4%

Multiples

P/E (LTM)
—
P/B (FY)
2.4x
EV/EBITDA (LTM)
—
EV/EBITDA (ann.)
454.9x

Cash return

Dividend yield
—
FCF yield (LTM)
—

Liquidity

Daily turnover (MOEX)
125.1 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: 7 / Warn: 2 / Err: 6 / 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 Q3✓OK
2023-12-31 FY✓OK
2023-12-31 Q4✓OK
2024-03-31 Q1✗Errors 1Warn 1
2024-06-30 Q2✗Errors 1Warn 1
2024-09-30 Q3✓OK
2024-12-31 FY⚠Warn 1
2024-12-31 Q4✗Errors 1Warn 1
2025-03-31 Q1✗Errors 1Warn 2
2025-06-30 Q2✗Errors 1Warn 2
2025-09-30 Q3✓OK
2025-12-31 FY⚠Warn 1
2025-12-31 Q4✗Errors 1Warn 1
✓ All checks pass · ⚠ Has warnings (review) · ✗ Has errors (needs fix) · ✓* Autofix applied (see evidence)

Financial dynamics

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
2025-12-31FY 2025 (12M)OK1173.6
y/y -34.5%
-46.8
y/y -162.1%
94.6
y/y 2.1%
47.8
y/y -71.5%
-190.7
y/y 19.9%
278.72.58365.7
y/y -13.9%
457.2
y/y -43.1%
—298804.0—
2025-09-30Q3 2025 (3M)PARTIAL1173.7
y/y -34.5%
71.0
y/y -39.3%
93.8
y/y 3.3%
164.8
y/y -20.7%
-106.7
y/y 14.9%
109.3-29.9—
y/y —
—
y/y —
—300216.0—
2025-06-30Q2 2025 (3M)OK1661.9
y/y -14.4%
188.8
y/y 18.9%
93.1
y/y 4.6%
281.9
y/y 13.8%
-22.8
y/y -78.9%
-60.1-62.28423.1
y/y -6.2%
748.0
y/y -35.8%
—301628.0—
2025-03-31Q1 2025 (3M)PARTIAL1661.9
y/y -14.4%
188.8
y/y 18.9%
93.1
y/y 4.6%
281.9
y/y 13.8%
-22.8
y/y -78.9%
-60.1-62.2—
y/y —
—
y/y —
—285746.0—
2024-12-31FY 2024 (12M)OK1791.2
y/y -3.8%
75.4
y/y -61.4%
92.6
y/y 24.3%
167.9
y/y -37.8%
-238.0
y/y -738.4%
847.5-67.09718.0
y/y 18.5%
802.8
y/y -34.0%
—269863.0—
2024-09-30Q3 2024 (3M)PARTIAL1791.2
y/y -3.8%
117.1
y/y -61.2%
90.8
y/y 16.2%
207.9
y/y -45.3%
-125.4
y/y -206.3%
507.1-64.9—
y/y —
—
y/y —
—292296.0—
2024-06-30Q2 2024 (3M)OK1940.5
y/y -0.8%
158.7
y/y -61.1%
89.0
y/y 8.8%
247.8
y/y -49.4%
-12.7
y/y -106.4%
166.6-62.98983.1
y/y 10.7%
1164.7
y/y -7.4%
—314730.0—
2024-03-31Q1 2024 (3M)PARTIAL1940.5
y/y -0.8%
158.7
y/y -61.1%
89.0
y/y 8.8%
247.8
y/y -49.4%
-12.7
y/y -106.4%
166.6-62.9—
y/y —
—
y/y —
—285377.0—
2023-12-31FY 2023 (12M)OK1861.2
y/y —
195.3
y/y —
74.5
y/y —
269.8
y/y —
37.3
y/y —
242.9-40.38202.7
y/y —
1216.1
y/y —
—258952.0—
2023-09-30Q3 2023 (3M)PARTIAL1861.1
y/y —
301.7
y/y —
78.2
y/y —
379.9
y/y —
117.9
y/y —
229.9-74.7—
y/y —
—
y/y —
—258627.0—
2023-06-30Q2 2023 (3M)OK1955.4
y/y —
408.1
y/y —
81.8
y/y —
490.0
y/y —
198.6
y/y —
216.9-109.08116.6
y/y —
1257.3
y/y —
—261629.0—
2023-03-31Q1 2023 (3M)PARTIAL1955.4
y/y —
408.1
y/y —
81.8
y/y —
490.0
y/y —
198.6
y/y —
216.9-109.0—
y/y —
—
y/y —
—257230.0—
Data quality — review suggested

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

05001 0001 5002 0002023 q32023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q4

Year-over-year change

-60%-40%-20%0%20%2023 q32023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q4

Cash flow

Net debt / cash ($ mln)

0100 000200 000300 0002023 q32023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q4

Commodity price upside

The same staged build as the commodity players: revenue → costs → EBITDA → conservative EBITDA (min of the spot- and 3-yr-average-price cases) → target market cap at the current EV/EBITDA. Costs held flat (a producer has no commodity on the cost side).

USD/RUB: spot 72 vs LTM-avg 80 → ×0.90 (ruble stronger → less RUB revenue); applied to USD-priced commodities (RUB gold left as-is).

Upside (conservative): -90% · spot -42% · 3-yr -90%

How it is calculated — revenue → costs → EBITDA → conservative EBITDA → target market cap

1 · Reported baseline (latest FY)
Revenue404.4 bln RUB
EBITDA55.4 bln RUB
Cash costs (revenue − EBITDA)349.0 bln RUB
2 · Revenue projection
Multiplier — spot×0.99 (-1%)
= Spot revenue399.4 bln RUB
Multiplier — 3-yr prices×0.95 (-5%)
= 3-yr-price revenue386.0 bln RUB
3 · Cost projection (held flat)
Cost multiplier×1.00 (+0%)
= Cash costs349.0 bln RUB
4 · EBITDA projection (revenue − costs)
= Spot EBITDA50.4 bln RUB
= 3-yr-price EBITDA37.0 bln RUB
Conservative EBITDA = min(spot, 3-yr)37.0 bln RUB
5 · Valuation → target market cap
EV/EBITDA (current)6.8x
Target EV = EV/EBITDA × conservative EBITDA253.5 bln RUB
Net debt298.8 bln RUB
Target market cap = EV − net debt0 mln RUB
Current market cap80.4 bln RUB

Upside = target market cap ÷ current − 1 = -90%

Product prices — move vs the LTM average; the 'RUB' columns include the USD/RUB move.

CommodityRevenue shareSpotLTM avg$ vs LTMRUB vs LTM (FX)RUB 3-yr (FX)
Iron & Steel Scrap80%595.13543.96+9%-2%-6%

Dividends

No dividend rows found for this issuer.

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