Saturday 17 October 2026
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Mechel PAO
MTL Basic Materials Steel
Revenue growth for five consecutive years, operating cash flow growth for five.
2.25
0.00
0.00%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | Trend | 2022e | 2023e | 2024e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | — | — | — | — | — | — | — | — | — |
Analyst estimates 2022–2024 Powerpack |
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| High | — | — | — | — | — | — | — | — | — | — | |||||
| People | |||||||||||||||
| People | Employees | — | — | — | — | 61,455 | 59,971 | 59,382 | 56,182 | 52,851 | 51,414 | ||||
| Revenue/emp, $m | — | — | — | — | 0.07 | 0.09 | 0.08 | 0.08 | 0.07 | 0.11 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | — | — | — | 4,140 | 5,115 | 4,970 | 4,597 | 3,663 | 5,468 | ||||
| Gross margin, % | — | — | — | — | 46.99 | 46.39 | 43.13 | 36.66 | 35.73 | 44.29 | |||||
| EBT | — | — | — | — | 212 | 269 | 258 | 190 | (519) | 1,212 | |||||
| EBT margin, % | — | — | — | — | 5.13 | 5.26 | 5.19 | 4.14 | (14.17) | 22.17 | |||||
| Net income | — | — | — | — | 132 | 215 | 215 | 66 | 20 | 1,124 | |||||
| Depreciation | — | — | — | — | 284 | 347 | 335 | 280 | 265 | 227 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | — | — | — | — | 19.89 | 24.57 | 23.88 | 22.09 | 17.76 | 27.02 | ||||
| Earnings | — | — | — | — | 0.51 | 0.95 | 0.91 | 0.18 | 0.05 | 5.40 | |||||
| Cash flow | — | — | — | — | 3.83 | 5.20 | 5.20 | 4.29 | 2.54 | 4.94 | |||||
| Capex | — | — | — | — | (0.32) | (0.57) | (0.41) | (0.45) | (0.31) | (0.39) | |||||
| Free cash flow | — | — | — | — | 3.51 | 4.63 | 4.79 | 3.84 | 2.22 | 4.55 | |||||
| Book value | — | — | — | — | (18.20) | (20.06) | (17.81) | (17.40) | (15.43) | (9.90) | |||||
| Shares, m | — | — | — | — | 208 | 208 | 208 | 208 | 206 | 202 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 5.07 | 1.18 | ||||
| P/S | — | — | — | — | 0.15 | 0.15 | 0.11 | 0.18 | 0.14 | 0.14 | |||||
| P/B | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
| EV/Sales | — | — | — | — | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | |||||
| EV/FCF | — | — | — | — | 9.14 | 9.14 | 9.14 | 9.14 | 9.14 | 9.14 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | 798 | 1,082 | 1,083 | 894 | 524 | 1,000 | ||||
| Capex | — | — | — | — | (67) | (118) | (86) | (94) | (65) | (80) | |||||
| Free cash flow | — | — | — | — | 731 | 964 | 997 | 800 | 459 | 920 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | — | — | — | — | (6,624) | (7,125) | (6,424) | (6,098) | (4,561) | (3,380) | ||||
| Total debt | — | — | — | — | 6,693 | 7,554 | 6,698 | 6,131 | 4,430 | 3,908 | |||||
| Net debt | — | — | — | — | 6,666 | 7,503 | 6,661 | 6,071 | 4,404 | 3,666 | |||||
| Shareholders’ equity | — | — | — | — | (3,789) | (4,175) | (3,708) | (3,621) | (3,183) | (2,003) | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | — | — | — | — | 2.03 | 3.82 | 3.82 | 0.75 | 0.30 | 37.11 | ||||
| ROIC | — | — | — | — | 13.91 | 18.36 | 16.75 | 12.46 | 14.07 | 52.47 | |||||
| ROE | — | — | — | — | (2.63) | (4.95) | (5.08) | (1.02) | (0.33) | (42.07) | |||||
Negative figures in brackets.
Fiscal years to Dec 2021 · latest quarter Dec 2021
Charts ten years each
Mechel PAO vs peers in Steel (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| SIM Grupo Simec, S.A. de C.V. | $4.6B | 23.3× | 28.5× | +29.60% (above 0%: growing) | n/m | +51.13% (above 0%: growing) | 24.99% | 15.91% | Compare |
| WS Worthington Steel, Inc. | $2.0B | — (loss-making) | 14.3× | +212.36% (above 0%: growing) | n/m | −42.57% (below 0%: shrinking) | 9.58% | 2.05% | Compare |
| SID National Steel Company | $1.5B | — (loss-making) | 199× | +18.55% (above 0%: growing) | n/m | +8.38% (above 0%: growing) | 25.92% | 5.54% | Compare |
| MTL Mechel PAO | $1.2B | 0.8× | 10.3× | +70.05% (above 0%: growing) | n/m | +467.53% (above 0%: growing) | 44.33% | 0.00% | |
| NWPX NWPX Infrastructure, Inc. | $945.9M | 19.3× | 23.9× | +19.74% (above 0%: growing) | +80.22% (above 0%: growing) | +410.94% (above 0%: growing) | 21.54% | 13.26% | Compare |
| MTUS Metallus Inc. | $846.4M | 108× | 25.5× | +11.95% (above 0%: growing) | +133.33% (above 0%: growing) | −114.12% (below 0%: shrinking) | 10.00% | 3.46% | Compare |
| ASTL Algoma Steel Group Inc. | $433.2M | — (loss-making) | — (loss-making) | −54.68% (below 0%: shrinking) | n/m | +20.93% (above 0%: growing) | (39.36%) | (50.17%) | Compare |
| FRD Friedman Industries Inc. | $297.6M | 10.5× | 5.0× | +78.05% (above 0%: growing) | +152.11% (above 0%: growing) | −62.51% (below 0%: shrinking) | 13.73% | 8.77% | Compare |
| MSB Mesabi Trust | $236.7M | 36.3× | 56.9× | −55.76% (below 0%: shrinking) | n/m | −94.31% (below 0%: shrinking) | 100.00% | 100.00% | Compare |
| Median of peers | $896.1M | 23.3× | 25.5× | +19.15% | +133.33% | −17.10% | 17.64% | 7.16% |
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