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TMK (pipe) 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: Metals & Steel

RU_TRMK

Price chart

72.54 RUBDay -2.42%

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
72.54 RUB · -2.42%
Market cap
79.7 bn RUB

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)
6.8x
EV/EBITDA (ann.)
8.1x

Cash return

Dividend yield
—
FCF yield (LTM)
-36.3%

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 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
2025-12-31FY 2025 (12M)OK83.7
y/y -34.5%
-3.3
y/y -162.1%
6.7
y/y 2.1%
3.4
y/y -71.5%
-13.6
y/y 19.9%
19.90.2596.5
y/y -13.9%
32.6
y/y -43.1%
—298.8—
2025-09-30Q3 2025 (3M)PARTIAL83.7
y/y -34.5%
5.1
y/y -39.3%
6.7
y/y 3.3%
11.8
y/y -20.7%
-7.6
y/y 14.9%
7.8-2.1—
y/y —
—
y/y —
—300.2—
2025-06-30Q2 2025 (3M)OK118.5
y/y -14.4%
13.5
y/y 18.9%
6.6
y/y 4.6%
20.1
y/y 13.8%
-1.6
y/y -78.9%
-4.3-4.4600.6
y/y -6.2%
53.3
y/y -35.8%
—301.6—
2025-03-31Q1 2025 (3M)PARTIAL118.5
y/y -14.4%
13.5
y/y 18.9%
6.6
y/y 4.6%
20.1
y/y 13.8%
-1.6
y/y -78.9%
-4.3-4.4—
y/y —
—
y/y —
—285.7—
2024-12-31FY 2024 (12M)OK127.7
y/y -3.8%
5.4
y/y -61.4%
6.6
y/y 24.3%
12.0
y/y -37.8%
-17.0
y/y -738.4%
60.4-4.8692.9
y/y 18.5%
57.2
y/y -34.0%
—269.9—
2024-09-30Q3 2024 (3M)PARTIAL127.7
y/y -3.8%
8.3
y/y -61.2%
6.5
y/y 16.2%
14.8
y/y -45.3%
-8.9
y/y -206.3%
36.2-4.6—
y/y —
—
y/y —
—292.3—
2024-06-30Q2 2024 (3M)OK138.4
y/y -0.8%
11.3
y/y -61.1%
6.3
y/y 8.8%
17.7
y/y -49.4%
-0.9
y/y -106.4%
11.9-4.5640.5
y/y 10.7%
83.0
y/y -7.4%
—314.7—
2024-03-31Q1 2024 (3M)PARTIAL138.4
y/y -0.8%
11.3
y/y -61.1%
6.3
y/y 8.8%
17.7
y/y -49.4%
-0.9
y/y -106.4%
11.9-4.5—
y/y —
—
y/y —
—285.4—
2023-12-31FY 2023 (12M)OK132.7
y/y —
13.9
y/y —
5.3
y/y —
19.2
y/y —
2.7
y/y —
17.3-2.9584.9
y/y —
86.7
y/y —
—259.0—
2023-09-30Q3 2023 (3M)PARTIAL132.7
y/y —
21.5
y/y —
5.6
y/y —
27.1
y/y —
8.4
y/y —
16.4-5.3—
y/y —
—
y/y —
—258.6—
2023-06-30Q2 2023 (3M)OK139.4
y/y —
29.1
y/y —
5.8
y/y —
34.9
y/y —
14.2
y/y —
15.5-7.8578.7
y/y —
89.6
y/y —
—261.6—
2023-03-31Q1 2023 (3M)PARTIAL139.4
y/y —
29.1
y/y —
5.8
y/y —
34.9
y/y —
14.2
y/y —
15.5-7.8—
y/y —
—
y/y —
—257.2—
Data quality — review suggested

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

050 000100 000150 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)