Intrinsic value of Mechel ADR - MTL

Previous Close

$2.97

  Intrinsic Value

$57.28

stock screener

  Rating & Target

str. buy

+999%

Previous close

$2.97

 
Intrinsic value

$57.28

 
Up/down potential

+999%

 
Rating

str. buy

We calculate the intrinsic value of MTL stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 0.1

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  15.70
  14.63
  13.67
  12.80
  12.02
  11.32
  10.69
  10.12
  9.61
  9.15
  8.73
  8.36
  8.02
  7.72
  7.45
  7.20
  6.98
  6.78
  6.61
  6.45
  6.30
  6.17
  6.05
  5.95
  5.85
  5.77
  5.69
  5.62
  5.56
  5.50
Revenue, $m
  5,997
  6,874
  7,814
  8,814
  9,873
  10,991
  12,165
  13,396
  14,683
  16,026
  17,425
  18,881
  20,396
  21,970
  23,607
  25,307
  27,074
  28,911
  30,821
  32,807
  34,874
  37,026
  39,268
  41,604
  44,039
  46,579
  49,230
  51,998
  54,889
  57,910
Variable operating expenses, $m
  3,440
  3,930
  4,454
  5,013
  5,605
  6,229
  6,885
  7,572
  8,291
  9,041
  9,731
  10,544
  11,390
  12,270
  13,183
  14,133
  15,120
  16,146
  17,212
  18,322
  19,476
  20,678
  21,930
  23,234
  24,594
  26,013
  27,493
  29,039
  30,654
  32,341
Fixed operating expenses, $m
  1,260
  1,288
  1,316
  1,345
  1,375
  1,405
  1,436
  1,467
  1,500
  1,533
  1,566
  1,601
  1,636
  1,672
  1,709
  1,747
  1,785
  1,824
  1,864
  1,905
  1,947
  1,990
  2,034
  2,079
  2,124
  2,171
  2,219
  2,268
  2,318
  2,369
Total operating expenses, $m
  4,700
  5,218
  5,770
  6,358
  6,980
  7,634
  8,321
  9,039
  9,791
  10,574
  11,297
  12,145
  13,026
  13,942
  14,892
  15,880
  16,905
  17,970
  19,076
  20,227
  21,423
  22,668
  23,964
  25,313
  26,718
  28,184
  29,712
  31,307
  32,972
  34,710
Operating income, $m
  1,297
  1,656
  2,043
  2,456
  2,894
  3,357
  3,845
  4,356
  4,892
  5,452
  6,127
  6,736
  7,369
  8,029
  8,714
  9,427
  10,169
  10,941
  11,744
  12,580
  13,451
  14,358
  15,304
  16,291
  17,320
  18,395
  19,518
  20,691
  21,918
  23,201
EBITDA, $m
  1,643
  2,040
  2,467
  2,922
  3,405
  3,916
  4,454
  5,018
  5,609
  6,226
  6,870
  7,540
  8,238
  8,964
  9,720
  10,506
  11,323
  12,173
  13,057
  13,978
  14,937
  15,936
  16,977
  18,063
  19,197
  20,380
  21,615
  22,906
  24,256
  25,668
Interest expense (income), $m
  589
  851
  435
  519
  610
  706
  807
  915
  1,028
  1,146
  1,269
  1,398
  1,533
  1,673
  1,818
  1,969
  2,127
  2,290
  2,460
  2,636
  2,820
  3,010
  3,209
  3,416
  3,631
  3,855
  4,089
  4,333
  4,588
  4,854
  5,131
Earnings before tax, $m
  446
  1,221
  1,524
  1,846
  2,188
  2,549
  2,930
  3,329
  3,747
  4,183
  4,729
  5,203
  5,697
  6,210
  6,745
  7,301
  7,879
  8,481
  9,108
  9,761
  10,441
  11,150
  11,889
  12,660
  13,465
  14,306
  15,185
  16,104
  17,064
  18,070
Tax expense, $m
  120
  330
  411
  498
  591
  688
  791
  899
  1,012
  1,129
  1,277
  1,405
  1,538
  1,677
  1,821
  1,971
  2,127
  2,290
  2,459
  2,635
  2,819
  3,010
  3,210
  3,418
  3,636
  3,863
  4,100
  4,348
  4,607
  4,879
Net income, $m
  326
  892
  1,112
  1,348
  1,597
  1,861
  2,139
  2,430
  2,735
  3,053
  3,452
  3,798
  4,159
  4,534
  4,924
  5,330
  5,752
  6,191
  6,649
  7,125
  7,622
  8,139
  8,679
  9,242
  9,830
  10,443
  11,085
  11,756
  12,457
  13,191

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  6,400
  7,336
  8,339
  9,406
  10,537
  11,730
  12,983
  14,297
  15,670
  17,103
  18,596
  20,151
  21,767
  23,447
  25,194
  27,009
  28,894
  30,855
  32,893
  35,013
  37,219
  39,516
  41,908
  44,401
  47,000
  49,711
  52,540
  55,494
  58,580
  61,804
Adjusted assets (=assets-cash), $m
  6,400
  7,336
  8,339
  9,406
  10,537
  11,730
  12,983
  14,297
  15,670
  17,103
  18,596
  20,151
  21,767
  23,447
  25,194
  27,009
  28,894
  30,855
  32,893
  35,013
  37,219
  39,516
  41,908
  44,401
  47,000
  49,711
  52,540
  55,494
  58,580
  61,804
Revenue / Adjusted assets
  0.937
  0.937
  0.937
  0.937
  0.937
  0.937
  0.937
  0.937
  0.937
  0.937
  0.937
  0.937
  0.937
  0.937
  0.937
  0.937
  0.937
  0.937
  0.937
  0.937
  0.937
  0.937
  0.937
  0.937
  0.937
  0.937
  0.937
  0.937
  0.937
  0.937
Average production assets, $m
  4,420
  5,066
  5,759
  6,496
  7,277
  8,100
  8,966
  9,873
  10,821
  11,811
  12,842
  13,915
  15,032
  16,192
  17,398
  18,651
  19,954
  21,307
  22,715
  24,179
  25,702
  27,289
  28,940
  30,662
  32,457
  34,329
  36,283
  38,323
  40,453
  42,680
Working capital, $m
  222
  254
  289
  326
  365
  407
  450
  496
  543
  593
  645
  699
  755
  813
  873
  936
  1,002
  1,070
  1,140
  1,214
  1,290
  1,370
  1,453
  1,539
  1,629
  1,723
  1,822
  1,924
  2,031
  2,143
Total debt, $m
  4,351
  5,194
  6,096
  7,057
  8,075
  9,148
  10,276
  11,458
  12,694
  13,984
  15,328
  16,727
  18,182
  19,694
  21,266
  22,899
  24,596
  26,361
  28,195
  30,103
  32,089
  34,156
  36,309
  38,552
  40,891
  43,331
  45,878
  48,536
  51,313
  54,215
Total liabilities, $m
  5,760
  6,603
  7,505
  8,466
  9,483
  10,557
  11,685
  12,867
  14,103
  15,393
  16,737
  18,136
  19,590
  21,103
  22,674
  24,308
  26,005
  27,769
  29,604
  31,512
  33,497
  35,564
  37,717
  39,961
  42,300
  44,740
  47,286
  49,945
  52,722
  55,624
Total equity, $m
  640
  734
  834
  941
  1,054
  1,173
  1,298
  1,430
  1,567
  1,710
  1,860
  2,015
  2,177
  2,345
  2,519
  2,701
  2,889
  3,085
  3,289
  3,501
  3,722
  3,952
  4,191
  4,440
  4,700
  4,971
  5,254
  5,549
  5,858
  6,180
Total liabilities and equity, $m
  6,400
  7,337
  8,339
  9,407
  10,537
  11,730
  12,983
  14,297
  15,670
  17,103
  18,597
  20,151
  21,767
  23,448
  25,193
  27,009
  28,894
  30,854
  32,893
  35,013
  37,219
  39,516
  41,908
  44,401
  47,000
  49,711
  52,540
  55,494
  58,580
  61,804
Debt-to-equity ratio
  6.800
  7.080
  7.310
  7.500
  7.660
  7.800
  7.910
  8.010
  8.100
  8.180
  8.240
  8.300
  8.350
  8.400
  8.440
  8.480
  8.510
  8.540
  8.570
  8.600
  8.620
  8.640
  8.660
  8.680
  8.700
  8.720
  8.730
  8.750
  8.760
  8.770
Adjusted equity ratio
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  326
  892
  1,112
  1,348
  1,597
  1,861
  2,139
  2,430
  2,735
  3,053
  3,452
  3,798
  4,159
  4,534
  4,924
  5,330
  5,752
  6,191
  6,649
  7,125
  7,622
  8,139
  8,679
  9,242
  9,830
  10,443
  11,085
  11,756
  12,457
  13,191
Depreciation, amort., depletion, $m
  346
  384
  424
  466
  511
  559
  609
  662
  716
  774
  742
  804
  869
  936
  1,006
  1,078
  1,153
  1,232
  1,313
  1,398
  1,486
  1,577
  1,673
  1,772
  1,876
  1,984
  2,097
  2,215
  2,338
  2,467
Funds from operations, $m
  672
  1,275
  1,536
  1,814
  2,109
  2,420
  2,748
  3,092
  3,451
  3,827
  4,194
  4,603
  5,027
  5,470
  5,929
  6,408
  6,905
  7,423
  7,962
  8,523
  9,107
  9,717
  10,352
  11,014
  11,706
  12,428
  13,182
  13,971
  14,795
  15,658
Change in working capital, $m
  30
  32
  35
  37
  39
  41
  43
  46
  48
  50
  52
  54
  56
  58
  61
  63
  65
  68
  71
  74
  76
  80
  83
  86
  90
  94
  98
  102
  107
  112
Cash from operations, $m
  642
  1,243
  1,501
  1,777
  2,070
  2,379
  2,704
  3,046
  3,404
  3,777
  4,143
  4,549
  4,971
  5,411
  5,869
  6,345
  6,840
  7,355
  7,891
  8,449
  9,031
  9,637
  10,269
  10,928
  11,616
  12,334
  13,084
  13,868
  14,688
  15,546
Maintenance CAPEX, $m
  -221
  -255
  -293
  -333
  -375
  -421
  -468
  -518
  -571
  -626
  -683
  -742
  -804
  -869
  -936
  -1,006
  -1,078
  -1,153
  -1,232
  -1,313
  -1,398
  -1,486
  -1,577
  -1,673
  -1,772
  -1,876
  -1,984
  -2,097
  -2,215
  -2,338
New CAPEX, $m
  -598
  -647
  -692
  -737
  -781
  -824
  -866
  -907
  -948
  -990
  -1,031
  -1,073
  -1,116
  -1,160
  -1,206
  -1,253
  -1,302
  -1,354
  -1,408
  -1,464
  -1,523
  -1,586
  -1,652
  -1,721
  -1,795
  -1,872
  -1,954
  -2,040
  -2,131
  -2,227
Cash from investing activities, $m
  -819
  -902
  -985
  -1,070
  -1,156
  -1,245
  -1,334
  -1,425
  -1,519
  -1,616
  -1,714
  -1,815
  -1,920
  -2,029
  -2,142
  -2,259
  -2,380
  -2,507
  -2,640
  -2,777
  -2,921
  -3,072
  -3,229
  -3,394
  -3,567
  -3,748
  -3,938
  -4,137
  -4,346
  -4,565
Free cash flow, $m
  -177
  341
  516
  707
  913
  1,135
  1,371
  1,621
  1,885
  2,162
  2,429
  2,733
  3,051
  3,382
  3,727
  4,086
  4,459
  4,848
  5,252
  5,672
  6,110
  6,565
  7,039
  7,533
  8,048
  8,586
  9,146
  9,731
  10,342
  10,981
Issuance/(repayment) of debt, $m
  -4,155
  843
  902
  961
  1,018
  1,073
  1,128
  1,182
  1,236
  1,290
  1,344
  1,399
  1,455
  1,512
  1,572
  1,633
  1,697
  1,764
  1,834
  1,908
  1,986
  2,067
  2,153
  2,244
  2,339
  2,440
  2,546
  2,659
  2,777
  2,902
Issuance/(repurchase) of shares, $m
  4,699
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  544
  843
  902
  961
  1,018
  1,073
  1,128
  1,182
  1,236
  1,290
  1,344
  1,399
  1,455
  1,512
  1,572
  1,633
  1,697
  1,764
  1,834
  1,908
  1,986
  2,067
  2,153
  2,244
  2,339
  2,440
  2,546
  2,659
  2,777
  2,902
Total cash flow (excl. dividends), $m
  367
  1,183
  1,418
  1,668
  1,931
  2,208
  2,499
  2,803
  3,121
  3,452
  3,773
  4,132
  4,506
  4,894
  5,299
  5,719
  6,157
  6,612
  7,086
  7,580
  8,095
  8,632
  9,192
  9,777
  10,388
  11,025
  11,692
  12,390
  13,119
  13,883
Retained Cash Flow (-), $m
  -5,025
  -94
  -100
  -107
  -113
  -119
  -125
  -131
  -137
  -143
  -149
  -155
  -162
  -168
  -175
  -181
  -189
  -196
  -204
  -212
  -221
  -230
  -239
  -249
  -260
  -271
  -283
  -295
  -309
  -322
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  -4,658
  1,090
  1,318
  1,561
  1,818
  2,089
  2,373
  2,672
  2,983
  3,309
  3,623
  3,976
  4,344
  4,726
  5,124
  5,538
  5,968
  6,416
  6,883
  7,368
  7,875
  8,403
  8,953
  9,528
  10,128
  10,754
  11,409
  12,094
  12,811
  13,561
Discount rate, %
  13.90
  14.60
  15.32
  16.09
  16.90
  17.74
  18.63
  19.56
  20.54
  21.56
  22.64
  23.77
  24.96
  26.21
  27.52
  28.90
  30.34
  31.86
  33.45
  35.12
  36.88
  38.72
  40.66
  42.69
  44.83
  47.07
  49.42
  51.90
  54.49
  57.21
PV of cash for distribution, $m
  -4,089
  830
  859
  859
  833
  784
  718
  640
  555
  469
  384
  308
  240
  182
  134
  95
  66
  44
  29
  18
  11
  6
  3
  2
  1
  0
  0
  0
  0
  0
Current shareholders' claim on cash, %
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0

Mechel PAO, formerly Mechel OAO, is a holding company. The Company operates in the mining, steel and power industry segments. Its segments include Steel segment, comprising production and sales of semi-finished steel products, carbon and specialty long products, carbon and stainless flat products, and value-added downstream metal products, including forgings, stampings, and hardware, and ferrosilicon; Mining segment, comprising production and sales of coal (coking and steam), and middlings, coke and chemical products, and iron ore, which supplies raw materials to the Steel and Power segments, and also sells raw materials to third parties, and Power segment, comprising generation and sales of electricity and heat power, which supplies electricity and heat power to the Steel and Mining segments, and also sells a portion of electricity and heat power to third parties. It has freight seaports in Russia on the Sea of Japan and on the Sea of Azov, and a freight river port on the Kama River.

FINANCIAL RATIOS  of  Mechel ADR (MTL)

Valuation Ratios
P/E Ratio 10.2
Price to Sales 0.3
Price to Book -0.3
Price to Tangible Book
Price to Cash Flow 1.4
Price to Free Cash Flow 1.5
Growth Rates
Sales Growth Rate 9%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -8%
Cap. Spend. - 3 Yr. Gr. Rate -31.8%
Financial Strength
Quick Ratio 0
Current Ratio 0
LT Debt to Equity -18.8%
Total Debt to Equity -189.5%
Interest Coverage 1
Management Effectiveness
Return On Assets 8.9%
Ret/ On Assets - 3 Yr. Avg. -14.8%
Return On Total Capital 3%
Ret/ On T. Cap. - 3 Yr. Avg. -30.8%
Return On Equity -2.7%
Return On Equity - 3 Yr. Avg. 67.1%
Asset Turnover 0.8
Profitability Ratios
Gross Margin 47%
Gross Margin - 3 Yr. Avg. 41.5%
EBITDA Margin 22.6%
EBITDA Margin - 3 Yr. Avg. -14%
Operating Margin 15.5%
Oper. Margin - 3 Yr. Avg. 8.5%
Pre-Tax Margin 5.1%
Pre-Tax Margin - 3 Yr. Avg. -30.3%
Net Profit Margin 2.6%
Net Profit Margin - 3 Yr. Avg. -32.4%
Effective Tax Rate 34.9%
Eff/ Tax Rate - 3 Yr. Avg. 11.3%
Payout Ratio 0%

MTL stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the MTL stock intrinsic value calculation we used $5183.035869 million for the last fiscal year's total revenue generated by Mechel ADR. The default revenue input number comes from 0001 income statement of Mechel ADR. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our MTL stock valuation model: a) initial revenue growth rate of 15.7% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 13.9%, whose default value for MTL is calculated based on our internal credit rating of Mechel ADR, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Mechel ADR.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of MTL stock the variable cost ratio is equal to 57.6%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $1233 million in the base year in the intrinsic value calculation for MTL stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 10% for Mechel ADR.

Corporate tax rate of 27% is the nominal tax rate for Mechel ADR. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the MTL stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for MTL are equal to 73.7%.

Life of production assets of 17.3 years is the average useful life of capital assets used in Mechel ADR operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for MTL is equal to 3.7%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $-4385.13255935 million for Mechel ADR - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 34.753 million for Mechel ADR is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Mechel ADR at the current share price and the inputted number of shares is $0.1 billion.

RELATED COMPANIES Price Int.Val. Rating
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GGB Gerdau ADR 4.06 4.17  hold

COMPANY NEWS

▶ Mechel Reports Launch of New Longwall at Southern Kuzbass   [Nov-08-18 07:00AM  GlobeNewswire]
▶ Mechel Reports the 1H 2018 Financial Results   [06:00AM  GlobeNewswire]
▶ Mechel Reports 1H2018 Operational Results   [04:00AM  GlobeNewswire]
▶ 20 Russian Stocks to Watch After Trumps Helsinki Gaffe   [Jul-18-18 03:15PM  InvestorPlace]
▶ Coal company owned by West Virginia gov's family adds jobs   [Jun-07-18 01:30PM  Associated Press]
▶ Mechel Reports the 1Q 2018 Financial Results   [08:00AM  GlobeNewswire]
▶ Mechel Reports 1Q2018 Operational Results   [07:00AM  GlobeNewswire]
▶ Mechel Conducts Technical Upgrade of Korshunov Mining Plant   [Apr-16-18 08:30AM  GlobeNewswire]
▶ Mechel Reports 2017 Operational Results   [06:16AM  GlobeNewswire]
▶ Mechel Reports the 2017 Financial Results   [05:00AM  GlobeNewswire]
▶ Mechel Reports Launch of New Longwall at Southern Kuzbass   [Apr-04-18 05:00AM  GlobeNewswire]
▶ China shrinks steel industry slowly, drawing Western ire   [Mar-12-18 09:00PM  Associated Press]
▶ 5 Russia Stocks to Consider Buying   [Jan-23-18 07:06PM  Motley Fool]
▶ Mechel Reports New Management Appointment   [Jan-10-18 08:31AM  GlobeNewswire]
▶ Mechel says CFO to leave company   [07:35AM  Reuters]
▶ Mechel says CFO to leave company   [07:27AM  Reuters]
▶ Mechel Reports Change in Management   [06:30AM  GlobeNewswire]
▶ ETFs with exposure to Mechel PAO : December 28, 2017   [Dec-28-17 12:27PM  Capital Cube]
▶ Mechel Reports the 9M 2017 Financial Results   [04:00AM  GlobeNewswire]
▶ Mechel Reports 9M2017 Operational Results   [03:00AM  GlobeNewswire]
▶ Mechel Reports Reversal of Court Decision   [Nov-22-17 09:30AM  GlobeNewswire]
▶ ETFs with exposure to Mechel PAO : November 1, 2017   [Nov-01-17 12:26PM  Capital Cube]
▶ Mechel Reports Restructuring Debt With Vnesheconombank   [Sep-28-17 11:00AM  GlobeNewswire]
▶ ETFs with exposure to Mechel PAO : September 22, 2017   [Sep-22-17 11:15AM  Capital Cube]
▶ Mechel Reports Court Decisions Entry Into Force   [Sep-14-17 10:40AM  GlobeNewswire]
▶ Mechel Reports 1H2017 Operational Results   [06:00AM  GlobeNewswire]
▶ Mechel Reports the 1H 2017 Financial Results   [05:00AM  GlobeNewswire]
▶ Mechel Begins Development of Bulk Ingot Market   [Jul-20-17 08:00AM  GlobeNewswire]
▶ ETFs with exposure to Mechel PAO : June 22, 2017   [Jun-22-17 04:02PM  Capital Cube]
▶ Why Mechel PAO Stock Just Jumped 10%   [12:12PM  Motley Fool]
▶ Mechel Reports the 1Q 2017 Financial Results   [06:00AM  GlobeNewswire]
▶ Mechel Reports 1Q2017 Operational Results   [04:00AM  GlobeNewswire]
▶ ETFs with exposure to Mechel PAO : May 25, 2017   [May-25-17 12:44PM  Capital Cube]
▶ ETFs with exposure to Mechel PAO : May 11, 2017   [May-11-17 05:10PM  Capital Cube]
▶ Why Mechel PAO Shares Jumped 13% in April   [May-03-17 01:51PM  Motley Fool]
▶ Why Mechel PAO's Shares Popped 14% Today   [Apr-27-17 01:09PM  Motley Fool]
▶ Mechel Reports the 2016 Financial Results   [06:34AM  GlobeNewswire]
▶ Trade Port Posiet Named 2016 Best Stevedore Company   [Apr-03-17 08:30AM  GlobeNewswire]
▶ Mechel Reports Launch of New Longwall at Southern Kuzbass   [Mar-13-17 07:00AM  GlobeNewswire]

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