MTLR Relative Valuation - Mechel PAO - Alpha Spread

Mechel PAO
MOEX:MTLR

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Mechel PAO
MOEX:MTLR
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Price: 110.69 RUB -0.71% Market Closed
Market Cap: 61.4B RUB
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Relative Value

The Relative Value of one MTLR stock under the Base Case scenario is 354.97 RUB. Compared to the current market price of 110.69 RUB, Mechel PAO is Undervalued by 69%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

MTLR Relative Value
Base Case
354.97 RUB
Undervaluation 69%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
58
vs Industry
90
Median 3Y
0.2
Median 5Y
0.2
Industry
1.7
vs History
19
vs Industry
28
Median 3Y
0.9
Median 5Y
0.9
Industry
15.4
vs History
33
vs Industry
33
Median 3Y
1.2
Median 5Y
1
Industry
8.8
vs History
vs Industry
16
Median 3Y
3.5
Median 5Y
2.8
Industry
14.4
vs History
vs Industry
Median 3Y
-0.5
Median 5Y
-0.4
Industry
1.4
vs History
20
vs Industry
77
Median 3Y
0.2
Median 5Y
0.2
Industry
2.1
vs History
20
vs Industry
72
Median 3Y
0.5
Median 5Y
0.4
Industry
7
vs History
14
vs Industry
29
Median 3Y
0.8
Median 5Y
0.9
Industry
9.9
vs History
9
vs Industry
27
Median 3Y
0.9
Median 5Y
1.3
Industry
12.7
vs History
14
vs Industry
30
Median 3Y
1.3
Median 5Y
1
Industry
10.1
vs History
7
vs Industry
21
Median 3Y
1.4
Median 5Y
1.1
Industry
12.9
vs History
12
vs Industry
52
Median 3Y
0.4
Median 5Y
0.3
Industry
1.2

Multiples Across Competitors

MTLR Competitors Multiples
Mechel PAO Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
RU
Mechel PAO
MOEX:MTLR
61.4B RUB 0.1 6.7 3.1 4.2
ZA
Kumba Iron Ore Ltd
JSE:KIO
109.5B Zac 0 0 0 0
BR
Vale SA
BOVESPA:VALE3
248.7B BRL 1.2 5.1 3.3 4
AU
Fortescue Ltd
XMUN:FVJ
33B EUR 2 6.5 4.3 4.3
AU
Fortescue Metals Group Ltd
ASX:FMG
54.3B AUD 2 6.5 4.3 4.3
US
Nucor Corp
NYSE:NUE
35.1B USD 1.1 10.3 6 7.6
IN
JSW Steel Ltd
NSE:JSWSTEEL
2.3T INR 1.3 31.2 10.6 15.2
IN
Tata Steel Ltd
NSE:TATASTEEL
1.9T INR 0.8 -45.4 9.9 16.9
KR
Posco Holdings Inc
KRX:005490
28.5T KRW 0.4 21.1 4.7 11
JP
Nippon Steel Corp
TSE:5401
2.9T JPY 0.3 5.4 5.1 8.4
LU
ArcelorMittal SA
NYSE:MT
19.9B USD 0.3 -33.5 8.5 -356.2
P/E Multiple
Earnings Growth
RU
Mechel PAO
MOEX:MTLR
Average P/E: 11.6
6.7
N/A
ZA
K
Kumba Iron Ore Ltd
JSE:KIO
Not Available
-28%
BR
Vale SA
BOVESPA:VALE3
5.1
42%
AU
F
Fortescue Ltd
XMUN:FVJ
6.5
-36%
AU
Fortescue Metals Group Ltd
ASX:FMG
6.5
-36%
US
Nucor Corp
NYSE:NUE
10.3
-29%
IN
JSW Steel Ltd
NSE:JSWSTEEL
31.2
106%
IN
Tata Steel Ltd
NSE:TATASTEEL
Negative Multiple: -45.4 N/A
KR
Posco Holdings Inc
KRX:005490
21.1
50%
JP
Nippon Steel Corp
TSE:5401
5.4
14%
LU
ArcelorMittal SA
NYSE:MT
Negative Multiple: -33.5
344%

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