ГМК Норильский никель GMKN

ГМК Норильский никель Financial Ratios 2025-2001 | GMKN

Brief overview of ГМК Норильский никель's multiples and efficiency

The comparison uses the five latest available annual observations between 2021 and 2025.

The current valuation set is P/E 14x (median 11.58x), EV/EBITDA 6x (median 6x), P/S 2x (median 2x). Current valuation broadly matches recent historical reference points; the difference from five-year medians is 0%.

Earnings yield calculated as 1/P/E is about 7.1%, showing current profit per unit of share price.

Returns on assets and capital are represented by ROE 18.5%, ROA 6.7%, ROCE 19.5%. Return ratios are at workable levels. The business generates positive returns, though efficiency is not exceptional.

PEG is 0.19x. Price is low relative to embedded growth, though the ratio depends heavily on forecast quality.

Current and quick ratios are 0.83x and 0.4x. The balance sheet has a limited reserve.

Debt to equity is 0.97x, while interest coverage is 2.35x. The burden is manageable.

The cash conversion cycle increased 25 days to 175.9 days, weakening working-capital efficiency.

Overall assessment

ГМК Норильский никель's market valuation is near its own historical norm, while quality ratios provide no extreme signal.

Annual Financial Ratios ГМК Норильский никель

	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001
Price Earnings Ratio, P/E	14	14	11.58	5.79	7.22	15.3	8.37	9.33	13.47	9.84	11.14	10.12	32.36	12.92	7.11	12.04	9.05	-20.9	8.78	4.75	7.35	6.04	15.36	7.17	2.37
Price Sales Ratio, P/S	2	2	1.92	1.87	2.63	3.25	3.57	2.47	3.13	3.02	2.26	1.71	2.18	2.27	1.81	3.11	2.32	0.83	2.71	2.45	2.41	1.57	2.54	1.35	0.67
Price To Book Ratio, P/B	3	3	4.31	4.44	12.74	12.52	12.7	8.93	6.63	6.53	8.63	4.25	2.6	2.18	2.31	2.29	1.72	1.08	2.37	2.21	1.56	1.08	1.61	0.58	0.43
Price Earnings To Growth Ratio, PEG	-4	-	0.19	-0.08	0.07	-0.15	0.0	-0.09	-0.83	0.21	-0.83	0.06	-0.5	-0.38	0.67	0.46	-0.0	0.21	-1.11	0.03	0.24	0.05	0.09	-0.19	-
Operating Cash Flow Per Share	32.57	27.09	0.37	0.3	0.46	0.52	0.38	0.42	0.12	0.23	0.24	0.39	0.28	0.22	0.28	0.33	0.21	0.2	-	0.31	0.15	0.12	0.08	0.03	0.01
Free Cash Flow Per Share	9	2	0.18	0.02	0.28	0.42	0.3	0.33	-0.01	0.12	0.14	0.31	0.16	0.05	0.15	0.22	0.14	0.06	-	0.27	0.11	0.09	0.06	0.01	-0.02
Cash Per Share	10.77	12.12	0.14	0.26	0.36	0.33	0.18	0.1	0.06	0.22	0.27	0.19	0.11	0.08	0.1	0.36	0.22	0.11	0.23	0.13	0.05	0.07	0.05	0.02	0.06
Payout Ratio	-	-	0.66	1.14	0.34	1.15	0.72	-	-	-	-	-	-	-	0.34	0.37	-	-3.01	-	0.18	0.09	0.34	0.17	0.29	0.01
Dividend Yield	-	-	0.06	0.2	0.05	0.08	0.09	-	-	-	-	-	-	-	0.05	0.03	-	0.14	-	0.04	0.01	0.06	0.01	0.04	0.0
Current Ratio	-	-	0.83	1.09	1.22	1.58	1.21	1.93	1.92	1.47	1.96	2.61	2.4	1.7	1.72	4.81	2.04	3.32	1.94	4.16	3.48	2.87	2.26	2.22	1.42
Quick Ratio	-	-	0.4	0.45	0.85	1.18	0.76	0.96	0.78	0.99	1.46	1.81	1.31	0.9	1.03	3.98	1.56	2.4	1.61	2.98	2.67	1.83	1.34	0.98	0.78
Cash Ratio	-	-	0.24	0.24	0.69	0.96	0.51	0.59	0.36	0.84	1.2	1.28	0.6	0.26	0.42	2.0	0.88	0.94	0.62	1.74	0.58	0.97	0.59	0.29	0.29
Days Of Sales Outstanding, DSO	-	-	-	12.89	6.07	8.34	-	-	-0.08	-0.35	-	-	-	-	-	-	-	0.05	-1.28	-	-	-	-	-	-
Days Of Inventory Outstanding, DIO	-	-	197.81	315.71	234.6	168.44	182.28	169.32	214.72	167.8	164.35	111.03	166.04	189.9	165.27	167.89	128.51	93.76	130.81	170.02	158.61	165.56	189.75	382.72	321.2
Days Of Payables Outstanding, DPO	-	-	21.87	39.2	32.25	20.41	31.3	26.51	34.02	52.83	16.74	15.76	15.96	26.67	21.8	27.96	34.23	28.53	36.36	48.66	36.57	42.83	46.8	67.75	98.7
Operating Cycle	-	-	197.81	328.6	240.67	176.77	182.28	169.32	214.64	167.45	164.35	111.03	166.04	189.9	165.27	167.89	128.51	93.82	129.53	170.02	158.61	165.56	189.75	382.72	321.2
Cash Conversion Cycle	-	-	175.94	289.4	208.42	156.37	150.98	142.81	180.62	114.61	147.61	95.27	150.08	163.23	143.47	139.93	94.29	65.29	93.17	121.36	122.03	122.74	142.95	314.97	222.5
Gross Profit Margin	-	-	0.51	0.66	0.74	0.69	0.63	0.58	0.5	0.5	0.56	0.52	0.44	0.5	0.59	0.62	0.44	0.45	0.66	0.73	0.58	0.55	0.45	0.43	0.45
Operating Profit Margin	0.29	0.28	0.38	0.45	0.53	0.42	0.52	0.46	0.35	0.4	0.46	0.41	0.22	0.33	0.45	0.51	0.36	0.32	0.5	0.61	0.46	0.4	0.29	0.26	0.24
Pretax Profit Margin	0.14	0.1	0.25	0.44	0.52	0.29	0.55	0.33	0.31	0.4	0.26	0.22	0.12	0.25	0.4	0.53	0.34	-0.02	0.45	0.59	0.43	0.36	0.26	0.28	0.4
Net Profit Margin	0.14	0.1	0.17	0.32	0.36	0.21	0.43	0.26	0.23	0.31	0.2	0.17	0.07	0.18	0.26	0.26	0.26	-0.04	0.31	0.52	0.33	0.26	0.17	0.19	0.28
Effective Tax Rate	-	-	0.19	0.21	0.25	0.21	0.21	0.22	0.25	0.23	0.24	0.25	0.42	0.32	0.26	0.23	0.24	-1.03	0.32	0.27	0.27	0.28	0.37	0.33	0.29
Return On Assets, ROA	0.07	0.05	0.1	0.21	0.28	0.16	0.3	0.2	0.13	0.15	0.13	0.15	0.04	0.1	0.19	0.14	0.11	-0.03	0.15	0.37	0.16	0.13	0.08	0.06	0.11
Return On Equity, ROE	0.18	0.17	0.37	0.77	1.77	0.82	1.52	0.96	0.49	0.66	0.77	0.42	0.08	0.17	0.32	0.19	0.19	-0.05	0.27	0.47	0.21	0.18	0.1	0.08	0.18
Return On Capital Employed, ROCE	0.19	0.2	0.38	0.42	0.62	0.43	0.5	0.41	0.22	0.26	0.39	0.44	0.16	0.24	0.43	0.31	0.2	0.24	0.29	0.47	0.25	0.23	0.16	0.1	0.14
Net Income Per Ebt	1.0	1.0	0.67	0.74	0.7	0.72	0.77	0.79	0.75	0.77	0.77	0.75	0.58	0.69	0.64	0.49	0.75	2.03	0.68	0.88	0.75	0.73	0.64	0.68	0.71
Ebt Per Ebit	0.5	0.37	0.64	0.98	0.98	0.7	1.06	0.73	0.89	0.99	0.58	0.55	0.52	0.78	0.88	1.04	0.94	-0.06	0.91	0.96	0.95	0.88	0.88	1.07	1.66
Ebit Per Revenue	0.29	0.28	0.38	0.45	0.53	0.42	0.52	0.46	0.35	0.4	0.46	0.41	0.22	0.33	0.45	0.51	0.36	0.32	0.5	0.61	0.46	0.4	0.29	0.26	0.24
Debt Ratio	0.65	0.71	0.43	31.95	0.45	0.48	0.51	0.55	0.54	0.48	0.62	0.48	0.33	0.24	0.27	0.12	0.24	0.34	0.23	0.06	0.08	0.1	0.07	0.08	0.12
Debt Equity Ratio	0.97	1.49	1.6	115.67	2.84	2.46	2.58	2.62	2.09	2.05	3.69	1.33	0.65	0.39	0.46	0.16	0.39	0.66	0.41	0.08	0.11	0.14	0.1	0.11	0.2
Long Term Debt To Capitalization	0.49	0.6	0.46	0.5	0.7	0.7	0.69	0.72	0.66	0.66	0.76	0.54	0.35	0.16	0.18	0.08	0.15	0.37	0.17	0.05	0.05	0.06	0.02	0.02	0.0
Total Debt To Capitalization	0.49	0.6	0.62	0.99	0.74	0.71	0.72	0.72	0.68	0.67	0.79	0.57	0.39	0.28	0.32	0.14	0.28	0.4	0.29	0.08	0.1	0.12	0.09	0.1	0.16
Interest Coverage	2.35	2.42	10.67	0.21	31.78	14.95	16.25	11.02	6.16	7.35	12.0	27.15	6.87	13.97	42.45	47.07	25.15	11.41	27.72	334.48	34.48	39.38	-	-	-
Cash Flow To Debt Ratio	0.59	0.41	0.56	0.01	0.67	0.84	0.61	0.77	0.19	0.45	0.45	0.94	0.7	0.68	0.91	1.95	0.65	0.5	-	5.38	2.49	1.79	2.06	0.73	0.09
Company Equity Multiplier	2.83	3.47	3.69	3.62	6.35	5.14	5.11	4.73	3.84	4.32	5.97	2.76	1.95	1.63	1.7	1.38	1.66	1.94	1.83	1.27	1.33	1.33	1.37	1.35	1.6
Receivables Turnover	-	-	-	28.32	60.11	43.79	-	-	-4573	-1032.38	-	-	-	-	-	-	-	6990	-285.32	-	-	-	-	-	-
Payables Turnover	-	-	16.69	9.31	11.32	17.89	11.66	13.77	10.73	6.91	21.8	23.16	22.87	13.69	16.74	13.06	10.66	12.8	10.04	7.5	9.98	8.52	7.8	5.39	3.7
Inventory Turn Over	-	-	1.85	1.16	1.56	2.17	2.0	2.16	1.7	2.18	2.22	3.29	2.2	1.92	2.21	2.17	2.84	3.89	2.79	2.15	2.3	2.2	1.92	0.95	1.14
Fixed Asset Turnover	-	-	0.95	1.04	1.41	1.44	1.13	1.17	0.83	0.89	1.34	1.69	1.02	1.04	1.47	1.4	0.92	1.3	1.14	1.42	1.2	1.06	0.86	0.49	0.72
Asset Turnover	0.47	0.49	0.61	0.65	0.76	0.75	0.7	0.77	0.55	0.5	0.64	0.9	0.61	0.59	0.75	0.53	0.45	0.67	0.48	0.71	0.49	0.52	0.46	0.32	0.4
Operating Cash Flow Sales Ratio	0.43	0.36	0.4	0.27	0.39	0.53	0.44	0.56	0.19	0.43	0.43	0.5	0.38	0.28	0.33	0.43	0.34	0.25	-	0.49	0.42	0.36	0.32	0.19	0.03
Free Cash Flow Operating Cash Flow Ratio	0.54	0.42	0.47	0.08	0.62	0.8	0.78	0.77	-0.1	0.53	0.56	0.79	0.55	0.22	0.53	0.68	0.7	0.32	-	0.86	0.74	0.75	0.73	0.42	-3.19
Cash Flow Coverage Ratios	0.59	0.41	0.56	0.01	0.67	0.84	0.61	0.77	0.19	0.45	0.45	0.94	0.7	0.68	0.91	1.95	0.65	0.5	-	5.38	2.49	1.79	2.06	0.73	0.09
Short Term Coverage Ratios	-	-	1.32	1.07	4.37	724.64	5.53	30.2	2.16	6.07	3.3	9.12	4.21	1.36	1.71	4.46	1.17	4.0	-	35.74	5.26	3.39	2.66	0.89	0.09
Capital Expenditure Coverage Ratio	2.19	1.73	1.89	1.08	2.62	4.92	4.54	4.39	0.91	2.11	2.28	4.66	2.21	1.28	2.11	3.15	3.29	1.46	-	7.33	3.87	4.05	3.76	1.73	0.24
Dividend Paid And Capex Coverage Ratio	2.19	1.73	1.89	0.44	1.44	1.51	1.09	4.39	0.91	2.11	2.28	4.66	2.21	1.28	1.36	1.86	3.29	0.86	-	3.05	3.07	2.03	2.82	1.17	0.23
Dividend Payout Ratio	-	-	0.66	1.14	0.34	1.15	0.72	-	-	-	-	-	-	-	0.34	0.37	-	-3.01	-	0.18	0.09	0.34	0.17	0.29	0.01
Price To Free Cash Flows Ratio, P/FCF	8.43	10.12	10.26	88.07	10.78	7.64	10.33	5.74	-161.96	13.54	9.29	4.34	10.55	37.77	10.37	10.56	9.7	10.37	-	5.81	7.8	5.87	10.9	16.41	-7.97
Price To Operating Cash Flows Ratio, P/OCF	4.58	4.26	4.82	6.89	6.67	6.09	8.06	4.43	16.26	7.11	5.21	3.41	5.77	8.16	5.45	7.2	6.75	3.27	-	5.01	5.78	4.42	8.0	6.94	25.44
Price Cash Flow Ratio, P/CF	4.58	4.26	4.82	6.89	6.67	6.09	8.06	4.43	16.26	7.11	5.21	3.41	5.77	8.16	5.45	7.2	6.75	3.27	-	5.01	5.78	4.42	8.0	6.94	25.44
Enterprise Value Multiple, EV	6	5	6.84	99.44	4.94	7.18	6.95	5.84	9.2	6.89	7.65	6.53	7.15	6.63	4.45	4.81	5.88	3.63	5.15	3.49	5.53	4.28	9.65	5.66	3.11
Price Fair Value, P/FV	3	3	4.31	4.44	12.74	12.52	12.7	8.93	6.63	6.53	8.63	4.25	2.6	2.18	2.31	2.29	1.72	1.08	2.37	2.21	1.56	1.08	1.61	0.58	0.43

All numbers in RUB currency

Quarterly Financial Ratios ГМК Норильский никель

	2024-Q2	2023-Q4	2023-Q2	2022-Q4	2022-Q2	2021-Q4	2021-Q2	2020-Q4	2020-Q2	2019-Q4	2019-Q2	2018-Q4	2018-Q2	2017-Q4	2017-Q2	2016-Q4	2016-Q2	2015-Q4	2015-Q2	2014-Q4	2014-Q2	2013-Q4	2013-Q2	2012-Q4	2012-Q2	2011-Q4	2011-Q2	2010-Q4	2009-Q4	2009-Q2	2008-Q4	2008-Q2	2007-Q4	2006-Q4	2006-Q2	2005-Q4	2005-Q2	2004-Q4	2004-Q2	2003-Q4	2003-Q2	2002-Q4	2002-Q2
Price Earnings Ratio, P/E	8.98	4.36	7.87	16.9	2.45	4.75	3.29	3.69	-327	4.19	3.1	5.28	4.27	6.13	5.88	5.27	4	21.1	4.52	9.52	5.38	29.5	10.3	-	-	3.55	6.05	6.02	4.53	2.92	-10.4	-40.8	4.39	2.37	1.99	3.68	2.5	3.02	3.05	7.68	4.1	3.58	3.77
Price Sales Ratio, P/S	4.21	3.81	3.53	4	5.45	5.21	5.98	5.71	6.05	6.69	5.67	5.1	4.91	6.06	5.08	5.85	5.45	5.49	5.52	3.41	5.47	4.46	4.01	-	-	3.63	6.18	6.22	4.64	2.99	1.66	6.48	5.41	4.9	4.11	4.83	3.29	3.15	3.18	5.09	2.72	2.7	2.85
Price To Book Ratio, P/B	3.2	4.32	3.91	4.44	5.4	12.6	13.3	12.5	19.3	12.8	7.9	9.24	7.11	6.86	6.05	6.76	6.32	8.91	5.61	4.4	3.22	2.7	2.17	-	-	2.31	2.65	2.29	1.72	1.39	1.08	2.1	2.37	2.21	1.99	1.56	1.1	1.08	1.21	1.61	0.916	0.581	0.629
Price Earnings To Growth Ratio, PEG	-0.154	0.045	0.11	-0.187	0.025	-0.123	0.181	-0.0	3.24	5.45	0.03	-0.337	0.112	0.191	-0.228	-0.845	0.009	-0.251	0.026	-0.153	0.01	-0.491	-	-	-	-	0.566	-	-	-0.0	-	0.408	-	-	0.012	-	0.08	-	0.027	-	0.023	-	-0.103
Operating Cash Flow Per Share	0.101	0.192	0.183	0.119	0.182	0.307	0.148	0.322	0.206	0.216	0.163	0.212	0.199	0.038	0.074	0.126	0.097	0.073	0.162	0.197	0.178	0.168	0.107	-	-	0.141	0.141	0.069	-	0.05	-	0.049	-	0.101	-	0.077	0.077	0.037	-	0.041	0.041	0.015	0.015
Free Cash Flow Per Share	0.039	0.091	0.088	-0.041	0.065	0.195	0.087	0.248	0.172	0.167	0.133	0.15	0.167	-0.041	0.03	0.064	0.053	0.005	0.126	0.147	0.148	0.098	0.052	-	-	0.074	0.074	0.036	-	0.034	-	0.016	-	0.084	-	0.057	0.057	0.027	-	0.03	0.03	0.006	0.006
Cash Per Share	0.124	0.14	0.146	0.26	0.134	0.365	0.125	0.328	0.312	0.176	0.221	0.093	0.22	0.06	0.169	0.21	0.221	0.258	0.178	0.182	0.171	0.104	0.114	-	-	0.096	0.251	0.356	0.211	0.138	0.111	0.274	0.227	0.125	0.092	0.054	0.063	0.068	0.061	0.054	0.037	0.021	0.034
Payout Ratio	2.25	-	-	0.002	1.24	-	0.54	0.391	-91.3	1.44	0.0	2.39	-	1.49	1.28	0.462	0.508	3.11	1.42	3.94	0.766	4.89	3.45	-	-	0.344	0.344	0.188	-	-	-	-1.51	-	0.073	-	0.085	0.085	0.055	-	0.171	0.171	0.288	0.288
Dividend Yield	0.063	-	-	0.0	0.127	-	0.041	0.026	0.07	0.086	0.0	0.113	-	0.061	0.054	0.022	0.032	0.037	0.079	0.103	0.036	0.041	0.084	-	-	0.024	0.014	0.008	-	-	-	0.009	-	0.008	-	0.006	0.009	0.005	-	0.006	0.01	0.02	0.019
Current Ratio	1.21	0.831	1.43	1.09	1.05	1.22	1.66	1.58	1.42	1.21	1.59	1.93	1.97	1.92	1.21	1.51	1.95	1.96	1.8	2.61	2.63	2.4	2.86	1.7	1.65	1.72	2.38	4.81	2.04	1.72	3.32	3.2	1.94	4.16	3.78	3.48	3.2	2.87	2.54	2.26	2.24	2.22	1.67
Quick Ratio	0.548	0.399	0.628	0.45	0.434	0.847	0.908	1.18	1.01	0.756	1.03	0.964	1.25	0.781	0.752	1.03	1.35	1.46	1.21	1.81	1.56	1.31	1.6	0.903	0.876	1.03	1.66	3.98	1.56	1.27	2.4	2.59	1.61	2.98	2.81	2.67	2.28	1.83	1.56	1.34	1.17	0.981	0.844
Cash Ratio	0.299	0.242	0.429	0.245	0.23	0.686	0.565	0.959	0.835	0.513	0.803	0.589	0.957	0.362	0.551	0.83	1.06	1.2	0.933	1.28	0.933	0.599	0.713	0.259	0.325	0.425	0.823	2	0.883	0.572	0.938	1.32	0.624	1.74	1.09	0.578	0.762	0.973	0.764	0.587	0.444	0.287	0.292
Days Of Sales Outstanding, DSO	17.4	-	-	6.79	6.95	3	4.53	3.62	5.5	-	4.68	-	-	-0.037	-	3.59	-	-	-	-	-	-	-0.016	-	-	-	-	-	-	29.2	21.3	23.3	17.6	-	-	-	-	-	-	-	-	-	-
Days Of Inventory Outstanding, DIO	150	114	125	147	181	124	94.2	82.8	91	88.3	91.6	79	92.4	106	92.8	73.4	95.2	86.7	78.9	55	94.5	83.7	93.7	-	-	81.5	85.9	82.8	63.4	58.5	46.2	54.1	64.5	83.8	79	78.2	82.5	81.6	83.1	93.6	104	189	203
Days Of Payables Outstanding, DPO	45.1	12.6	32.3	18.3	68	17.1	42.8	10	52.8	15.2	50.4	12.4	46.3	16.8	65.6	23.4	65	8.83	52.2	7.81	35.2	8.04	19.5	-	-	10.8	17.6	13.8	16.9	18.2	14.1	17.9	17.9	24	20.5	18	20.2	21.1	21	23.1	21.7	33.4	50.1
Operating Cycle	168	114	125	154	188	127	98.7	86.4	96.5	88.3	96.3	79	92.4	106	92.8	77	95.2	86.7	78.9	55	94.5	83.7	93.7	-	-	81.5	85.9	82.8	63.4	87.7	67.6	77.4	82.2	83.8	79	78.2	82.5	81.6	83.1	93.6	104	189	203
Cash Conversion Cycle	123	101	92.3	136	120	110	55.9	76.4	43.7	73.1	45.9	66.6	46.1	89.3	27.1	53.6	30.1	77.9	26.7	47.2	59.3	75.6	74.2	-	-	70.8	68.3	69	46.5	69.5	53.5	59.5	64.2	59.8	58.5	60.2	62.2	60.5	62.1	70.5	82.6	155	153
Gross Profit Margin	0.547	0.583	0.577	0.618	0.699	0.754	0.719	0.73	0.647	0.653	0.614	0.555	0.567	0.534	0.504	0.474	0.527	0.515	0.588	0.542	0.496	0.453	0.46	-	-	0.59	0.59	0.618	0.443	0.443	0.455	0.455	0.656	0.727	0.727	0.582	0.582	0.548	0.548	0.448	0.448	0.434	0.434
Operating Profit Margin	0.256	0.389	0.383	0.399	0.486	0.481	0.583	0.591	0.199	0.524	0.521	0.463	0.468	0.346	0.322	0.404	0.394	0.41	0.491	0.455	0.356	0.129	0.321	-	-	0.454	0.454	0.508	0.364	0.364	0.324	0.324	0.497	0.608	0.608	0.457	0.457	0.403	0.403	0.292	0.292	0.261	0.261
Pretax Profit Margin	0.203	0.313	0.177	0.112	0.723	0.449	0.591	0.506	0.016	0.516	0.6	0.316	0.352	0.332	0.287	0.363	0.436	0.073	0.403	0.127	0.329	0.076	0.156	-	-	0.4	0.4	0.531	0.343	0.343	-0.02	-0.02	0.452	0.587	0.587	0.435	0.435	0.356	0.356	0.258	0.258	0.279	0.279
Net Profit Margin	0.117	0.218	0.112	0.059	0.556	0.274	0.455	0.387	-0.005	0.399	0.458	0.242	0.287	0.247	0.216	0.278	0.341	0.065	0.305	0.089	0.254	0.038	0.097	-	-	0.255	0.255	0.258	0.256	0.256	-0.04	-0.04	0.308	0.516	0.516	0.328	0.328	0.26	0.26	0.166	0.166	0.189	0.189
Effective Tax Rate	0.272	0.207	0.154	0.108	0.22	0.333	0.185	0.198	0.571	0.208	0.206	0.238	0.196	0.257	0.249	0.234	0.221	0.158	0.246	0.303	0.225	0.501	0.387	-	-	0.259	0.259	0.228	0.24	0.24	-1.03	-1.03	0.318	0.266	0.266	0.269	0.269	0.278	0.278	0.368	0.368	0.331	0.331
Return On Assets, ROA	0.026	0.067	0.035	0.018	0.162	0.104	0.22	0.165	-0.002	0.149	0.152	0.092	0.091	0.073	0.054	0.075	0.089	0.018	0.11	0.042	0.074	0.012	0.027	-	-	0.095	0.078	0.069	0.057	0.063	-0.013	-0.008	0.074	0.183	0.192	0.08	0.083	0.067	0.074	0.038	0.041	0.03	0.028
Return On Equity, ROE	0.089	0.247	0.124	0.066	0.551	0.663	1.01	0.848	-0.015	0.761	0.637	0.437	0.416	0.28	0.257	0.321	0.395	0.105	0.31	0.116	0.15	0.023	0.053	-	-	0.162	0.109	0.095	0.095	0.119	-0.026	-0.013	0.135	0.233	0.25	0.106	0.11	0.089	0.099	0.052	0.056	0.041	0.042
Return On Capital Employed, ROCE	0.075	0.191	0.154	0.174	0.199	0.279	0.347	0.341	0.091	0.271	0.224	0.21	0.184	0.119	0.113	0.143	0.132	0.149	0.227	0.256	0.122	0.047	0.103	-	-	0.213	0.167	0.153	0.099	0.112	0.121	0.069	0.145	0.234	0.249	0.125	0.129	0.116	0.13	0.079	0.085	0.049	0.051
Net Income Per Ebt	0.578	0.697	0.634	0.526	0.769	0.611	0.77	0.764	-0.295	0.773	0.764	0.764	0.815	0.745	0.754	0.766	0.782	0.891	0.757	0.706	0.773	0.499	0.623	-	-	0.638	0.638	0.486	0.746	0.746	2.03	2.03	0.682	0.88	0.88	0.755	0.755	0.731	0.731	0.643	0.643	0.677	0.677
Ebt Per Ebit	0.793	0.805	0.462	0.282	1.49	0.933	1.01	0.857	0.079	0.985	1.15	0.683	0.753	0.959	0.891	0.897	1.1	0.178	0.822	0.279	0.926	0.589	0.486	-	-	0.881	0.881	1.04	0.943	0.943	-0.06	-0.06	0.909	0.965	0.965	0.951	0.951	0.884	0.884	0.883	0.883	1.07	1.07
Ebit Per Revenue	0.256	0.389	0.383	0.399	0.486	0.481	0.583	0.591	0.199	0.524	0.521	0.463	0.468	0.346	0.322	0.404	0.394	0.41	0.491	0.455	0.356	0.129	0.321	-	-	0.454	0.454	0.508	0.364	0.364	0.324	0.324	0.497	0.608	0.608	0.457	0.457	0.403	0.403	0.292	0.292	0.261	0.261
Debt Ratio	0.469	0.434	0.491	31.9	0.398	0.446	0.524	0.478	0.594	0.505	0.467	0.553	0.504	0.544	0.487	0.477	0.552	0.618	0.467	0.481	0.312	0.33	0.34	0.239	0.22	0.273	0.103	0.118	0.236	0.329	0.339	0.207	0.226	0.064	0.073	0.082	0.092	0.102	0.088	0.071	0.077	0.084	0.105
Debt Equity Ratio	1.62	1.6	1.75	116	1.35	2.84	2.42	2.46	5.77	2.58	1.96	2.62	2.3	2.09	2.31	2.05	2.46	3.69	1.32	1.33	0.627	0.645	0.655	0.391	0.379	0.464	0.144	0.163	0.392	0.619	0.658	0.349	0.414	0.082	0.094	0.109	0.122	0.136	0.119	0.098	0.105	0.114	0.154
Long Term Debt To Capitalization	0.523	0.457	0.563	0.502	0.442	0.7	0.689	0.703	0.838	0.691	0.653	0.718	0.694	0.656	0.659	0.656	0.693	0.761	0.516	0.544	0.368	0.35	0.349	0.163	0.186	0.178	0.046	0.083	0.148	0.26	0.365	0.223	0.174	0.047	0.05	0.054	0.057	0.06	0.043	0.022	0.021	0.02	0.011
Total Debt To Capitalization	0.618	0.615	0.636	0.991	0.575	0.739	0.708	0.711	0.852	0.721	0.662	0.724	0.697	0.677	0.698	0.673	0.711	0.787	0.569	0.57	0.385	0.392	0.396	0.281	0.275	0.317	0.126	0.14	0.282	0.382	0.397	0.259	0.293	0.076	0.086	0.098	0.109	0.12	0.106	0.089	0.095	0.102	0.134
Interest Coverage	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	42.5	42.5	47.1	25.1	25.1	11.4	11.4	27.7	334	334	34.5	34.5	39.4	39.4	-	-	-	-
Cash Flow To Debt Ratio	0.129	0.286	0.248	0.002	0.226	0.449	0.242	0.515	0.263	0.348	0.292	0.397	0.339	0.066	0.142	0.253	0.187	0.139	0.401	0.494	0.464	0.428	0.246	0.354	0.207	0.456	0.992	0.415	-	0.126	-	0.117	-	1.75	-	1.24	1.15	0.536	-	1.03	1.02	0.367	0.279
Company Equity Multiplier	3.45	3.69	3.56	3.62	3.4	6.35	4.62	5.14	9.71	5.11	4.19	4.73	4.57	3.84	4.73	4.31	4.45	5.97	2.83	2.76	2.01	1.95	1.93	1.63	1.72	1.7	1.4	1.38	1.66	1.88	1.94	1.69	1.83	1.27	1.3	1.33	1.33	1.33	1.35	1.37	1.36	1.35	1.47
Receivables Turnover	5.17	-	-	13.2	13	30	19.9	24.9	16.4	-	19.2	-	-	-2.45 K	-	25.1	-	-	-	-	-	-	-5.69 K	-	-	-	-	-	-	3.08	4.22	3.87	5.1	-	-	-	-	-	-	-	-	-	-
Payables Turnover	2	7.16	2.78	4.92	1.32	5.27	2.1	8.97	1.7	5.94	1.79	7.28	1.94	5.35	1.37	3.84	1.38	10.2	1.72	11.5	2.56	11.2	4.62	-	-	8.37	5.12	6.53	5.33	4.95	6.4	5.02	5.02	3.75	4.38	4.99	4.45	4.26	4.29	3.9	4.14	2.69	1.8
Inventory Turn Over	0.599	0.792	0.722	0.611	0.497	0.724	0.956	1.09	0.989	1.02	0.982	1.14	0.974	0.848	0.97	1.23	0.946	1.04	1.14	1.64	0.953	1.08	0.961	-	-	1.1	1.05	1.09	1.42	1.54	1.95	1.66	1.4	1.07	1.14	1.15	1.09	1.1	1.08	0.962	0.862	0.477	0.444
Fixed Asset Turnover	0.337	0.477	0.496	0.486	0.443	0.702	0.758	0.821	0.62	0.606	0.56	0.587	0.564	0.447	0.434	0.49	0.492	0.569	0.647	0.879	0.513	0.518	0.494	-	-	0.737	0.68	0.698	0.461	0.494	0.651	0.437	0.571	0.71	0.819	0.601	0.569	0.529	0.553	0.428	0.418	0.244	0.25
Asset Turnover	0.22	0.307	0.312	0.306	0.291	0.38	0.483	0.427	0.329	0.373	0.332	0.383	0.317	0.294	0.252	0.268	0.261	0.272	0.36	0.469	0.292	0.31	0.281	-	-	0.373	0.307	0.267	0.223	0.247	0.336	0.192	0.24	0.355	0.372	0.243	0.253	0.258	0.283	0.231	0.247	0.159	0.15
Operating Cash Flow Sales Ratio	0.275	0.404	0.391	0.23	0.309	0.527	0.262	0.577	0.475	0.471	0.411	0.574	0.539	0.122	0.275	0.45	0.397	0.315	0.522	0.507	0.495	0.456	0.297	-	-	0.333	0.333	0.184	-	0.167	-	0.127	-	0.318	-	0.417	0.417	0.213	-	0.318	0.318	0.195	0.195
Free Cash Flow Operating Cash Flow Ratio	0.387	0.476	0.481	-0.346	0.356	0.634	0.59	0.771	0.837	0.772	0.814	0.708	0.84	-1.09	0.403	0.51	0.545	0.072	0.78	0.745	0.83	0.587	0.483	0.106	0.21	0.525	0.525	0.525	-	0.679	-	0.316	-	0.838	-	0.742	0.742	0.742	-	0.734	0.734	0.423	0.423
Cash Flow Coverage Ratios	0.129	0.286	0.248	0.002	0.226	0.449	0.242	0.515	0.263	0.348	0.292	0.397	0.339	0.066	0.142	0.253	0.187	0.139	0.401	0.494	0.464	0.428	0.246	0.354	0.207	0.456	0.992	0.415	-	0.126	-	0.117	-	1.75	-	1.24	1.15	0.536	-	1.03	1.02	0.367	0.279
Short Term Coverage Ratios	0.468	0.676	1.13	0.422	0.566	2.92	4.04	446	3.21	3.15	19.6	15.6	26.6	0.729	0.881	-	2.3	1.02	2.09	4.79	6.43	2.57	1.35	0.703	0.524	0.854	1.5	0.951	-	0.29	-	0.665	-	11.6	-	2.63	2.29	1.01	-	1.33	1.27	0.447	0.303
Capital Expenditure Coverage Ratio	1.63	1.91	1.93	0.743	1.55	2.73	2.44	4.37	6.15	4.38	5.38	3.43	6.25	0.479	1.67	2.04	2.2	1.08	4.55	3.91	5.89	2.42	1.93	1.12	1.27	2.11	2.11	2.11	-	3.12	-	1.46	-	6.19	-	3.87	3.87	3.87	-	3.76	3.76	1.73	1.73
Dividend Paid And Capex Coverage Ratio	0.637	1.91	1.93	0.743	0.347	2.73	0.742	2.04	0.953	0.692	5.37	0.771	6.25	0.196	0.624	1.29	1.12	0.638	0.952	1.05	1.77	1.22	0.607	0.698	0.935	1.36	1.36	1.36	-	3.12	-	0.865	-	3.56	-	3.07	3.07	3.07	-	2.82	2.82	1.17	1.17
Dividend Payout Ratio	2.25	-	-	0.002	1.24	-	0.54	0.391	-91.3	1.44	0.0	2.39	-	1.49	1.28	0.462	0.508	3.11	1.42	3.94	0.766	4.89	3.45	-	-	0.344	0.344	0.188	-	-	-	-1.51	-	0.073	-	0.085	0.085	0.055	-	0.171	0.171	0.288	0.288
Price To Free Cash Flows Ratio, P/FCF	39.5	19.8	18.8	-50.3	49.6	15.6	38.7	12.8	15.2	18.4	17	12.6	10.8	-45.9	45.9	25.5	25.2	243	13.6	9.02	13.3	16.7	27.9	-	-	20.7	35.3	64.3	-	26.3	-	162	-	18.4	-	15.6	10.6	20	-	21.8	11.6	32.8	34.5
Price To Operating Cash Flows Ratio, P/OCF	15.3	9.42	9.03	17.4	17.6	9.88	22.8	9.9	12.7	14.2	13.8	8.89	9.11	49.8	18.5	13	13.7	17.4	10.6	6.72	11.1	9.77	13.5	-	-	10.9	18.6	33.8	-	17.9	-	51.2	-	15.4	-	11.6	7.87	14.8	-	16	8.54	13.9	14.6
Price Cash Flow Ratio, P/CF	15.3	9.42	9.03	17.4	17.6	9.88	22.8	9.9	12.7	14.2	13.8	8.89	9.11	49.8	18.5	13	13.7	17.4	10.6	6.72	11.1	9.77	13.5	-	-	10.9	18.6	33.8	-	17.9	-	51.2	-	15.4	-	11.6	7.87	14.8	-	16	8.54	13.9	14.6
Enterprise Value Multiple, EV	14.5	10.5	10.3	230	12.2	10.6	10.8	9.35	26.5	13.1	11	11.7	11.2	17.3	16.2	14.5	14.5	14	11.4	7.65	14	16.3	12.3	-	-	8.9	13.1	9.62	11.8	9.14	7.27	20.9	10.3	6.98	5.98	11.1	7.52	8.55	8.56	19.3	10.6	11.3	11.8
Price Fair Value, P/FV	3.2	4.32	3.91	4.44	5.4	12.6	13.3	12.5	19.3	12.8	7.9	9.24	7.11	6.86	6.05	6.76	6.32	8.91	5.61	4.4	3.22	2.7	2.17	-	-	2.31	2.65	2.29	1.72	1.39	1.08	2.1	2.37	2.21	1.99	1.56	1.1	1.08	1.21	1.61	0.916	0.581	0.629

All numbers in RUB currency

Multiples are an important financial analysis tool for the company ГМК Норильский никель, allowing investors and analysts to quickly assess the company’s value and investment attractiveness based on the ratio of market indicators to the company’s financial performance. Essentially, multiples express how the market values the company relative to its earnings, revenue, equity, or other key metrics.

Advantages of Using Financial Ratios

Simplified Data Analysis
Financial ratios transform large volumes of accounting data into compact and easily interpretable indicators, significantly simplifying the assessment of the company’s condition.
Comparability Between Companies
Multiples standardize financial metrics, enabling objective comparison of companies of different sizes, industries, and market capitalizations.
Identification of Trends and Issues
Regular analysis of ratios helps track the dynamics of financial health, identify strengths and weaknesses of the business, as well as potential risks.
Decision Support
Financial multiples serve as an important tool for investors, creditors, and company management in making investment, credit, and managerial decisions.
Accelerated Assessment of Investment Attractiveness
Ratios allow quick determination of key performance, liquidity, and financial stability indicators, facilitating prompt evaluation of companies’ attractiveness for investments.

Using multiples enables comparison between companies, even if they differ in size or industry, as they standardize financial data into ratios convenient for analysis. This is especially useful for evaluating companies where direct analysis of financial statements may be complex or require in-depth knowledge.

Financial Ratios of other stocks in the Industrial metals industry

Issuer	Price	% 24h	Market Cap	Country
Ашинский МЗ AMEZ	-	-	-	Russia
Great Panther Mining Limited GPL	-	-7.84 %	$ 30.6 M	Canada
РУСАЛ RUAL	-	-	-	Russia
Sierra Metals Inc. SMTS	-	0.71 %	$ 45.1 M	Canada
Электроцинк ELTZ	-	-	-	Russia
Ижсталь IGST	-	-	-	Russia
Магнитогорский металлургический комбинат MAGN	-	-	-	Russia
Соликамский магниевый завод MGNZ	-	-	-	Russia
Северсталь CHMF	-	-	-	Russia
Челябинский металлургический комбинат CHMK	-	-	-	Russia
Коршуновский ГОК KOGK	-	-	-	Russia
Мечел MTLR	-	-	-	Russia
НЛМК NLMK	-	-	-	Russia
Русолово ROLO	-	-	-	Russia
Русполимет RUSP	-	-	-	Russia
Тучковский КСМ TUCH	-	-	-	Russia
Комбинат Южуралникель UNKL	-	-	-	Russia
ВСМПО-Ависма VSMO	-	-	-	Russia
EMX Royalty Corporation EMX	-	-	$ 255 M	Canada
Taseko Mines Limited TGB	$ 6.77	-4.38 %	$ 2.19 B	Canada
Piedmont Lithium Limited PLL	-	-8.92 %	$ 174 M	Australia
PolyMet Mining Corp. PLM	-	-0.24 %	$ 559 M	Canada
Vedanta Limited VEDL	-	-1.32 %	$ 15.4 B	India
Americas Gold and Silver Corporation USAS	$ 3.82	-3.05 %	$ 1.02 B	Canada
Solitario Zinc Corp. XPL	$ 0.73	1.19 %	$ 66.4 M	USA
United States Antimony Corporation UAMY	-	-	$ 1.21 B	USA
China Natural Resources CHNR	$ 3.62	-2.87 %	$ 4.55 M	China
Compass Minerals International CMP	$ 29.34	-1.48 %	$ 1.23 B	USA
Trilogy Metals TMQ	$ 3.13	-1.57 %	$ 516 B	Canada
Northern Dynasty Minerals Ltd. NAK	$ 1.4	0.72 %	$ 764 K	Canada
Ferroglobe PLC GSM	$ 3.18	-0.93 %	$ 599 M	Britain
Lithium Americas Corp. LAC	$ 2.87	-0.86 %	$ 465 M	Canada
Nexa Resources S.A. NEXA	$ 12.85	-2.36 %	$ 1.7 B	Luxembourg
MP Materials Corp. MP	$ 41.37	-0.65 %	$ 7.04 B	USA
Materion Corporation MTRN	$ 210.84	1.31 %	$ 4.38 B	USA
BHP Group BHP	$ 84.49	-1.63 %	$ 429 B	Australia
Rio Tinto Group RIO	$ 96.85	-0.37 %	$ 157 B	Australia
Vale S.A. VALE	$ 15.06	0.47 %	$ 64.3 M	Brasil
Teck Resources Limited TECK	$ 60.24	-3.6 %	$ 29.7 B	Canada
Westwater Resources WWR	$ 0.41	1.29 %	$ 35.3 M	USA

ГМК Норильский никель Financial Ratios 2025-2001 | GMKN

Brief overview of ГМК Норильский никель's multiples and efficiency

Overall assessment

Annual Financial Ratios ГМК Норильский никель

Price Earnings Ratio, P/E

Price Sales Ratio, P/S

Price To Book Ratio, P/B

Price Earnings To Growth Ratio, PEG

Operating Cash Flow Per Share

Free Cash Flow Per Share

Cash Per Share

Payout Ratio

Dividend Yield

Current Ratio

Quick Ratio

Cash Ratio

Days Of Sales Outstanding, DSO

Days Of Inventory Outstanding, DIO

Days Of Payables Outstanding, DPO

Operating Cycle

Cash Conversion Cycle

Gross Profit Margin

Operating Profit Margin

Pretax Profit Margin

Net Profit Margin

Effective Tax Rate

Return On Assets, ROA

Return On Equity, ROE

Return On Capital Employed, ROCE

Net Income Per Ebt

Ebt Per Ebit

Ebit Per Revenue

Debt Ratio

Debt Equity Ratio

Long Term Debt To Capitalization

Total Debt To Capitalization

Interest Coverage

Cash Flow To Debt Ratio

Company Equity Multiplier

Receivables Turnover

Payables Turnover

Inventory Turn Over

Fixed Asset Turnover

Asset Turnover

Operating Cash Flow Sales Ratio

Free Cash Flow Operating Cash Flow Ratio

Cash Flow Coverage Ratios

Short Term Coverage Ratios

Capital Expenditure Coverage Ratio

Dividend Paid And Capex Coverage Ratio

Dividend Payout Ratio

Price To Free Cash Flows Ratio, P/FCF

Price To Operating Cash Flows Ratio, P/OCF

Price Cash Flow Ratio, P/CF

Enterprise Value Multiple, EV

Price Fair Value, P/FV