Magnit (MGNT) stock in 2026: dividends, earnings and outlook

Nov 15, 2026

As of Nov 14, 2026, Magnit (MGNT) trades at RUB 2,012.00 per share. There is no manual review on the portal yet; below are reported figures and model outputs only. Below: 1H 2026 results, dividends paid and expected, and valuation. All figures come from the company card on the Frontier portal.

Magnit: Розничная торговля listed on the Moscow Exchange, covered by the Frontier portal.

What the 1H 2026 report showed

Verdict: the share is rather unattractive at the current price. Upside on the portal model -60%. The verdict is rather unattractive. The EV/EBITDA multiple of 2.1 is 10% below its own three-year average of 2.3, which usually signals undervaluation, but here the discount is explained by the debt burden: net debt of RUB 518.0 bn is 3.6 times market capitalisation, and interest expenses for the half-year reached RUB 116.1 bn, exceeding operating profit. The portal's model gives -60% upside, and for this share that measure matters more than the multiple because it weighs EBITDA growth against the target valuation. No dividends are paid, which at a fair yield of 7.0% and a 14.0% key rate leaves the holder without compensation for the risk. The verdict could move to neutral if interest expenses decline or the company returns to dividend payments.

This is an automated earnings note built from portal data. The analysts have not published a manual review yet.

Magnit half-year results

Magnit, IFRS figures for the period

Period	Revenue, RUB bn	YoY	EBITDA, RUB bn	YoY	Net profit, RUB bn	YoY
1H 2024	1,460.1	18.8%	135.1	2.0%	17.0	-50.0%
2H 2024	1,583.4	20.4%	155.9	13.6%	27.3	10.8%
1H 2025	1,673.2	14.6%	151.1	11.9%	0.2	–
2H 2025	1,836.0	16.0%	148.6	-4.7%	-31.7	loss
1H 2026	1,887.2	12.8%	171.8	13.7%	-9.5	loss

In 1H 2026: revenue RUB 1,887.2 bn (+12.8% YoY), EBITDA RUB 171.8 bn (+13.7% YoY), net loss RUB 9.5 bn. The full period table, balance sheet and cash flow are on the Magnit card.

Magnit dividends, paid and expected

Magnit dividends by ex-dividend year, RUB per share

Year	RUB per share
2017	182.92
2018	272.88
2019	166.78
2020	304.19
2021	784.99
2024	824.26

The portal's dividend model expects no payout for the current financial year: No payout is forecast (earnings or free cash flow are negative). The dividend valuation is withheld — this is not a statement about the stock's worth..

Paid RUB 412.13 per share, ex-date Jul 12, 2024
Paid RUB 412.13 per share, ex-date Jan 10, 2024
Paid RUB 294.37 per share, ex-date Dec 29, 2021

Magnit valuation by multiples

Magnit (MGNT), multiples as of Nov 14, 2026

Metric	Value
P/E (LTM)	n/a
P/B	1.0x
EV/EBITDA	2.1x
ROE	-13.2%
Dividend yield, LTM	n/a
Market cap	144.1 bn RUB

LTM revenue RUB 3723.2 bln, net profit RUB -41.3 bln, EBITDA RUB 320.3 bln. Peer comparison and P/E history are on the company card.

FAQ

Will Magnit pay dividends in 2026? No new payout is declared and the portal model expects none for the current financial year.

What dividend is expected from Magnit? The portal's dividend model expects no payout for the current financial year.

What did the latest Magnit report show? In 1H 2026: revenue RUB 1,887.2 bn (+12.8% YoY), EBITDA RUB 171.8 bn (+13.7% YoY), net loss RUB 9.5 bn.

Other Розничная торговля companies on the portal: X5 (X5), Lenta (LENT).

Magnit card on the Frontier portal
Dividends and prices: Enhanced Investments EI1 database, Moscow Exchange
Russian stocks: dividends, outlook and earnings 2026

Open the company's financial profile MGNT →