Alrosa is Russia's largest diamond company engaged in exploration, mining, manufacture and sales of diamonds and one of the world's major rough diamond producers. ALROSA accounts for about 100% of all rough diamonds produced in Russia and for about 20% of the world's rough diamond output. It is Russia's 2nd largest Mining company by market capitalisation.
Contact Details
Website
http://www.alrosa.ru
Industry & Sector [of 27 stocks]
Classification Level
Name of Sector
Business Sector
Mineral Resources
Industry Group
Metals & Mining
Economic Sector
Basic Materials
Financials FY 2023
Financials, FY 2023 [year-ended 31 December 2023 ]
Alrosa Co Ltd Net Profit down 15%
Release Date: April 16, 2024
Alrosa Co Ltd (MICEX:ALRS) reported net profit for the year-ended 31 December 2023 [FY2023] of RUB85.1b ($952m), down 15% from RUB100b ($1.4b) in the previous year [FY2022]. Earnings per share (EPS) were down -15% from RUB13.91 (US18.92c) in FY2022 to RUB11.8 (US13.2c) in FY2023.
Annual growth in Revenue, Net Profit and EPS
Year-ended
31 December [FY/2023]
31 December [FY/2022]
Revenue, RUB Billion
327
300
Revenue, $ Billion
3.7
3.4
Growth in Revenue %
8.8
-9.6
Net Profit, RUB Billion
85.1
100
Net Profit, $
952m
1.1b
Growth in Net Profit %
-15.2
10.3
EPS, RUB
11.8
13.91
Growth in EPS %
-15.2
10.3
Major changes compared with previous year (FY2023 vs FY2022): Favourable Changes:
- Total revenue up 8.8% from RUB300.2b ($4.1b) to RUB326.5b ($3.7b)
- Retained earnings to total assets up from 57.5% to 60.2%
- Total current assets to Total Assets up from 48.5% to 49.8%
- Total Liabilities to EBITDA of 2.0 compares favourably with the Joseph Piotroski benchmark of <5. However, it has deteriorated by 25.3% from the previous year's ratio of 1.6.
- Total Liabilities to Operating Cash Flow of 3.3 compares favourably with the Joseph Piotroski benchmark of <4. However, it has deteriorated by 45.5% from the previous year's ratio of 2.2. Unfavourable Changes:
- Net profit down 15.2% from RUB100.4b ($1.4b) to RUB85.1b ($952.4m)
- EPS down 15.2% from RUB13.91 (US18.92c) to RUB11.8 (US13.2c)
- EBIT Margin down from 42.6% to 33.5%
- EBIT to total assets down from 24.2% to 18.1%
- Total revenue to total assets down from 0.6 to 0.5
Year-on-year comparison of Performance Ratios [FY2023 vs FY2022]
Five-year record of growth and performance:
In the last 5 years Total Revenue averaged RUB283.7B ($3,174M), EBITDA averaged RUB95.2B ($1,065.7M) and Net Profit averaged RUB74.4B ($832.4M). Compound Annual Growth Rate (CAGR) averaged 1.7% for Total Revenue, -0.9% for Net Profit and -1.1% for EBITDA.
Description
Annual (RUB B)
Annual ($ M)
5-year Avg (RUB B)
5-year Avg ($ M)
5-year CAGR %
Total Revenue
326.5
3,653.4
283.7
3,174
1.7
EBITDA
108.2
1,210.6
95.2
1,065.7
(1.1)
Operating Profit
108.2
1,210.6
95.2
1,065.7
(1.1)
Net Profit
85.1
952.4
74.4
832.4
(0.9)
Five-year record of EBITDA, Operating Profit, Net Profit, ROE, ROA and ROCE
In 2023 Net Profit Margin of 26.4% was above its 5-year Avg of 25.6% (All Figures in %)
Description
2023
5-year Avg
EBITDA Margin
33.1
32.9
Operating Profit Margin
33.5
32.9
Net Profit Margin
26.4
25.6
Return on Equity
22.3
26.2
Return on Assets
14.3
15.2
Return on Capital Employed
22
22.7
Dividend
Dividends
In the past 1 year, there have been no change in annual dividends of RUB3.8 per share.
Record Date
Value (RUB)
Type
17 Oct 2023
3.77
Interim
Tr 12 Months
3.77
Peer Comparison & Ranking of ALRS
PEER COMPARISON: ALRS IN INDICES
Alrosa Co Ltd is a constituent of the following indices.
Its market capitalisation is $6 billion and accounts for 1.3% of the combined MCap of the RTS Index.
Index Name
MCap of Index ($ b)
ALRS MCap as % of Index
RTS Index
462
1.3
MOEX Russia Index
469
1.3
GLOBAL PEER COMPARISON: ALRS - SIZE (all figures in $)
In its Global Peer Group of 9 companies ALRS is ranked second (2) by Net Profit and fifth (5) by MCap, Revenue, Total Assets.
Name (Code)
MCap
Revenue
Net Profit
Total Assets
Rank of ALRS
5
5
2
5
Alrosa Co Ltd (ALRS)
6.1B
3.6B
926.6M
6.5B
Zhejiang Huayou Cobalt - A Share (603799)
6.6B
8.7B
539.6M
15.3B
BlueScope Steel (BSL)
6.5B
11.8B
654.5M
10.3B
Zhejiang Supor - A Share (002032)
6.5B
2.8B
285.4M
1.8B
Zangge Mining (000408)
6.1B
1.1B
780.4M
1.9B
Alamos Gold (AGI)
6.1B
598.4M
27M
2.7B
Tongling Nonferrons Metal - A Share (000630)
5.9B
16.8B
376.8M
8.5B
Ganfeng Lithium (002460)
5.7B
5.8B
2.8B
10.9B
Capstone Copper (CS)
5.7B
1.3B
122.2M
5.4B
GLOBAL PEER COMPARISON: ALRS - RELATIVE VALUE INDICATORS
In value terms, comparing relative value of its shares, ALRS is ranked
+ 3 out of 9 by Dividend Yield (%) [4.9]
+ 2 out of 9 by Price/Earnings per share [6.1]
+ 6 out of 9 by Price/Book value per share [2.6]
Name (Code)
Currency Code
Last Price
Div Yld (%)
P/E
P/S
P/Book
Rank of ALRS by value
3
2
6
Alrosa Co Ltd (ALRS)
RUB
76.3
4.9
6.1
2.6
Zhejiang Huayou Cobalt - A Share (603799)
CNY
28.2
0.7
11.3
0.8
2.2
BlueScope Steel (BSL)
AUD
22.6
2.2
10.5
0.6
1.3
Zhejiang Supor - A Share (002032)
CNY
58.3
5.2
22.7
2.3
7.1
Zangge Mining (000408)
CNY
28.5
5.6
8.0
5.4
3.8
Alamos Gold (AGI)
CAD
20.9
0.6
10.1
3.1
Tongling Nonferrons Metal - A Share (000630)
CNY
4
1.2
14.9
0.3
1.8
Ganfeng Lithium (002460)
CNY
34.3
2.9
3.4
1.0
1.4
Capstone Copper (CS)
CAD
10.3
37.6
4.4
1.8
USD 1=
91.742683 Russian Ruble (RUB)
BUYSELLSIGNALS FUNDAMENTALS VALUATION RANKING:
Alrosa Co Ltd vs Russian Market
Out of 152 stocks in the Russian Market, Alrosa Co Ltd is ranked Twenty-second(22) by Net Profit $, Thirty-third(33) by EBITDA Margin%, Thirty-fourth(34) by P/Earnings and Thirty-seventh(37) by Premium to 52-Wk Low.
Russian Avg
ALRS
ALRS Rank
Net Profit $
587.9 M
927.8 M
22
EBITDA Margin%
24.4
33.1
33
P/Earnings
7.3x
6.5x
34
Premium to 52-Wk Low (%)
75.9
25.4
37
ROA (%)
2.7
14.3
44
Yield (%)
5.2
4.9
46
Price/Net Tangible Assets
1.2x
1.5x
51
Total Debt/Equity (the lower the better)
0.4x
0.4x
87
Discount to 52-Wk High (%)
5.1
14.4
139
Negative values are shown in brackets.
GLOBAL RANK [out of 46,582 stocks] AND RANK OF ALROSA CO LTD IN THE EUROPE REGION [out of 7,414 stocks]
Description
Value
Global Rank
In Eur Region
MCap ($)
6.1B
2,533
480
Total Assets ($)
6.5B
3,951
753
Revenue ($)
3.6B
3,266
641
Net Profit ($)
926.6M
1,387
267
Return on Equity %
22.3
3,804
859
Net Profit Margin %
26.1
4,426
944
Price to Book
2.6
25,671
3,202
Price/Earnings
6.1
3,228
604
Yield %
4.9
5,763
1,210
PV1000 (1Year) $*
1,104
15,351
2,339
$* Change (1Year) %
5.9
16,331
2,516
* 1 year ago $1 = RUB 81.97
Apr 26, 2024: $ 1 equals RUB 91.74
RANK OF ALROSA CO LTD IN THE MICEX INDEX [out of 34 stocks], IN THE RUSSIAN MARKET [out of 196 stocks] AND IN THE MINING SECTOR [out of 8 stocks]
Description
Value
In MICEX Index
In Russian Market
In Mining sector
MCap (RUB)
561.5B
17
23
2
Total Assets (RUB)
596.6B
28
36
3
Revenue (RUB)
326.5B
26
35
3
Net Profit (RUB)
85.1B
17
18
3
Return on Equity %
22.3
16
50
3
Net Profit Margin %
26.1
12
28
3
Price to Book
1.5
12
70
2
Price/Earnings
6.5
14
43
1
Yield %
4.9
15
49
3
PV1000 (1Year) RUB
1,240
22
140
4
Glossary
ADVT: Average Daily Volume of shares Traded
Annual Return: Dividends Paid In a 12-Month Period/Price at the Beginning of the Period + Capital Gain or Loss over 1 Year/Price 1 Year Ago (%)
Cash/MCap: Cash plus Liquids/Market Capitalisation (times)
Current Ratio: Current Assets/Current Liabilities (times)
Debt/Equity: Net Debt/Net Assets %
Dividend Yield: Dividend Per Share/Share Price (%)
EBIT Margin : Earnings Before Interest and Tax/Revenue (%)
Earnings Yield: Earnings Per Share/Share Price (%)
Moving Average Price (n periods): Sum of Prices for each Period/Number of Periods
PV1000: Present value of 1000 invested 1 year/'n' years ago
Price Close/Moving Avg Price: Latest Price/Moving Average Price
Price/Earnings: Share Price/Earnings Per Share (times)
Price/NTA: Closing Share Price/Net Tangible Assets Per Share (times)
Relative Price Change [RPC]: Relative price change is price change of stock with respect to Benchmark Index
Relative Strength (6 Months): Price close today/Price close 6 months ago, then ranked by percentile within the entire market.
Return on Assets: Net Profit/Total Assets (%)
Return on Equity (Shareholders' Funds): Net Profit/Net Assets (%)
TSR: Total Shareholder Returns is expressed as an annualized rate of return for shareholders after allowing for capital appreciation and dividend
TTM: Trailing 12 Months
Volatility: Highest Price minus Lowest Price/Lowest Price (%)
Volume Index (VI): Number of shares traded in the period/Average number of shares traded for the period
Volume Weighted Average Price (VWAP): The Volume Weighted Average Price (VWAP) is the summation of turnover divided by total volume in the same period.
Disclaimer: While this document is based on information sources which are considered reliable, it has been prepared without consideration of your specific investment objectives, financial situation or needs, so you should carry out your own analysis or seek professional investment advice before an investment decision is made. The document contains unbiased, independent equities data and analysis from Jupiter International (Australia) Pty Ltd trading as BuySellSignals (AFS Licence 222756), who provide round the clock analysis on every stock, every sector, every market, every day. BuySellSignals is not a broker, and does not have executing, corporate advisory or investment banking functions. Jupiter International (Australia) Pty Ltd, its directors, employees and contractors do not represent, warrant or guarantee, expressly or impliedly, that the information contained in this document is complete or accurate.
Data for the BuySellSignals algorithms is drawn from annual reports, company websites and similar sources of publicly available data. It should be used as a guide only.
