VseInstrumenti.ru is Russia's largest online retailer of tools, equipment and construction supplies, serving mainly business customers through its website and pickup points.
Sector: Retail
RU_VSEH
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | Q2 2026 (3M) | OK | 50.6 y/y — | 3.5 y/y — | 1.9 y/y — | 5.4 y/y — | 2.0 y/y — | 7.0 | -0.1 | 76.1 y/y — | 5.6 y/y — | 92.9% | ≈ 11.5 | Evidence |
| 2026-03-31 | Q1 2026 (3M) | OK | 39.0 y/y -4.1% | 1.9 y/y 100.8% | 1.5 y/y -3.3% | 3.4 y/y 36.0% | 0.6 y/y — | 2.0 | -0.3 | 66.7 y/y -10.3% | 5.5 y/y 229.5% | 39.1% | 11.5 | Report (PDF) |
| 2025-12-31 | Q4 2025 (3M) | OK | 48.5 y/y -2.5% | 3.7 y/y 97.9% | 1.5 y/y 2.7% | 5.2 y/y 56.8% | 2.0 y/y 258.7% | 3.8 | -0.1 | 68.6 y/y -12.4% | 5.8 y/y 184.0% | 71.3% | 13.3 | Report (PDF) |
| 2025-09-30 | Q3 2025 (3M) | OK | 47.5 y/y 7.4% | 3.0 y/y 139.6% | 1.6 y/y 30.2% | 4.6 y/y 86.0% | 1.2 y/y — | 6.5 | -0.4 | 70.6 y/y -1.0% | 3.6 y/y 149.5% | 50.8% | 19.7 | Report (PDF) |
| 2025-06-30 | Q2 2025 (3M) | OK | 46.2 y/y 10.3% | 2.9 y/y 193.2% | 1.6 y/y 35.5% | 4.5 y/y 106.8% | 0.9 y/y — | 3.3 | -0.2 | 66.6 y/y 11.5% | 2.7 y/y 348.1% | 157.3% | 25.5 | Report (PDF) |
| 2025-03-31 | Q1 2025 (3M) | OK | 40.7 y/y 18.8% | 0.9 y/y -44.6% | 1.6 y/y 63.7% | 2.5 y/y -5.8% | -0.7 y/y -200.9% | 2.1 | -0.4 | 74.4 y/y — | 1.7 y/y — | -144.2% | 32.6 | Report (PDF) |
| 2024-12-31 | Q4 2024 (3M) | OK | 49.8 y/y 30.1% | 1.9 y/y -8.2% | 1.4 y/y 76.5% | 3.3 y/y 15.8% | 0.5 y/y -44.6% | 2.2 | -1.2 | 78.3 y/y 57.4% | 2.1 y/y -34.4% | 38.2% | 30.3 | Report (PDF) |
| 2024-09-30 | Q3 2024 (3M) | OK | 44.2 y/y 20.3% | 1.3 y/y -28.0% | 1.2 y/y 64.1% | 2.5 y/y -0.6% | -0.2 y/y -116.5% | -6.7 | -0.2 | 71.3 y/y — | 1.5 y/y — | -22.7% | 27.0 | Report (PDF) |
| 2024-06-30 | Q2 2024 (3M) | OK | 41.8 y/y 48.7% | 1.0 y/y -12.2% | 1.2 y/y 67.7% | 2.2 y/y 18.9% | -0.4 y/y -151.4% | 4.4 | -0.3 | 59.8 y/y — | 0.6 y/y — | — | 49.0 | Report (PDF) |
| 2024-03-31 | Q1 2024 (3M) | PARTIAL | 34.3 y/y — | 1.7 y/y — | 1.0 y/y — | 2.7 y/y — | 0.7 y/y — | 4.6 | -0.3 | — y/y — | — y/y — | — | 20.5 | Report (PDF) |
| 2023-12-31 | Q4 2023 (3M) | OK | 38.2 y/y — | 2.1 y/y — | 0.8 y/y — | 2.9 y/y — | 1.0 y/y — | 0.7 | -0.5 | 49.7 y/y — | 3.1 y/y — | — | 20.3 | Report (PDF) |
| 2023-09-30 | Q3 2023 (3M) | PARTIAL | 36.7 y/y — | 1.7 y/y — | 0.7 y/y — | 2.5 y/y — | 1.1 y/y — | -0.7 | -0.3 | — y/y — | — y/y — | — | 17.1 | Report (PDF) |
| 2023-06-30 | Q2 2023 (3M) | PARTIAL | 28.1 y/y — | 1.1 y/y — | 0.7 y/y — | 1.8 y/y — | 0.7 y/y — | 0.8 | -0.2 | — y/y — | — y/y — | — | 14.8 | Evidence |
| bonds | 2 076 |
| LT lease | 10 651 |
| ST loans | 7 122 |
| ST lease | 4 103 |
| − cash | 12 471 |
| − ST investments | 4 |
| Net debt | 11 476 |
|---|
Net debt / LTM EBITDA: 0.6x
Quarterly values (₽ mln)
Year-over-year change
FCF (₽ mln)
Net debt / cash (₽ mln)
| year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| cash flow / profit | 1.11x | 0.38x | 6.72x | 4.68x |
| accruals, % of assets | -0.9% | 4.7% | -4.9% | -18.1% |
Our earnings breakdowns and investment notes on this issuer.
Dividend-model upside: +26%
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) | 4 bn RUB |
| Payout ratio | 94% |
| Free cash flow (FY, OCF − capex) — not a cap (leverage 0.8x) | 15 bn RUB |
| Recent actual dividend (3-yr median) | 7.00 ₽ |
| = Forecast dividend per share | 6.00 ₽ |
| 2 · Fair yield (spread to key rate) | |
| CBR key rate | 14.0% |
| Historical yield spread to rate (3-yr median) | -14.2 pp |
| = Fair dividend yield | 7.0% |
| 3 · Valuation → upside | |
| Current price | 67.90 ₽ |
| Forecast dividend yield | 8.8% |
| Fair price (dividend-based) | 85.71 ₽ |
Forecast, not investment advice. Earnings annualization and policy assumptions are estimates.
Paid, trailing 12-mo: 7.00 RUB/sh · 10.3%
| Pay year | Dividend /sh | |
|---|---|---|
| 2026 | 6.00 ₽ | |
| 2025 | 1.00 ₽ |
| Period | Ex-date | /sh |
|---|---|---|
| 2026 q2 | 2026-06-19 | 4.00 ₽ |
| 2026 q1 | 2026-03-24 | 2.00 ₽ |
| 2025 q3 | 2025-09-11 | 1.00 ₽ |
No dividend rows found for this issuer.
Substantive mentions last 7 days: 0, last 30 days: 2 (2 positive) across tracked channels, broker research and shows. 4 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.
| 31.03.26 | Filing | ★ ▲ Решения единственного акционера (участника) 30 марта 2026 года единственный акционер утвердил годовой отчет и распределил чистую прибыль за 2025 год, выплатив 2,025 млрд. руб. в виде дивидендов. Выплата будет произведена в течение 60 дней с момента принятия решения. Также была назначена аудиторская организация на 2026 год. |
Source: e-disclosure material filings over the last 180 days; ★ — flagged important by the classifier; summaries are automatic.
Disclosed in the top-10 of 1 of 17 funds, ≈9 млн ₽ combined. Last month: added — 1.
| Fund | Manager | Weight | ≈Position | Δ weight m/m | Disclosure |
|---|---|---|---|---|---|
| SIPO Первая – Фонд АйПиО | Первая | 9.98% | 9 млн ₽ | +0.98 pp | 31.07.2026 |
Source: monthly fund portfolio disclosures (investfunds); NAV is daily. Disclosures list each fund's top-10 only, so absence does not mean no position. Weight changes mix revaluation with trading. Fund flows and betas live in the fund monitor on the RU region page.
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 VseInstrumenti (VSEH) — from primary filings.
| Issue | YTM | Coupon | Price, % | Volume, ₽ | Maturity |
|---|---|---|---|---|---|
| ВсИнстр1Р5 | float | float | 100.0 | 33K | 09.2026 |
| ВсИнстр1Р6 | — | 23.5% | 100.0 | 268K | 09.2026 |
| ВсИнстр1Р1 | float | float | 100.1 | 16K | 12.2026 |
| ВсИнстр1Р3 | 13.8% | 21.85% | 105.0 | 851K | 04.2027 |
| ВсИнстр1Р2 | float | float | 101.5 | 920K | 10.2027 |
YTM and turnover from MOEX; floaters have no fixed YTM. Not investment advice.
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