Evraz engages in the production and distribution of steel and related products and coal and iron ore mining. Co. also produces vanadium products. Co. has four segments: Steel, which includes production of steel and related products at all mills except for those in North America, and includes the extraction of vanadium ore and production of vanadium products, iron ore mining and enrichment and certain energy-generating companies; Steel, North America, which includes production of steel and related products in the U.S. and Canada; Coal, which includes coal mining and enrichment; and Other operations, which includes energy-generating companies, shipping and railway transportation companies.
  • TickerEVR
  • ISINGB00B71N6K86
  • ExchangeLondon Stock Exchange
  • SectorIndustrial Metals & Mining
  • CountryUnited Kingdom

Analysts

Philip Morrish

Value Indicator - UK Basic Resources 14102019

Currently '(TM)Value Indicator - UK basic resources' is a value analysis of the Basic Resources super sector of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

Philip Morrish

Value Indicator - UK Main Market 14102019

Currently '(TM)Value Indicator - UK main market' is a value analysis of the Basic Resources, Construction & Materials, Telecoms and Utilities sectors of the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

Philip Morrish

Value Indicator - UK Basic Resources 07102019

Currently '(TM)Value Indicator - UK basic resources' is a value analysis of the Basic Resources super sector of companies on the London Stock Exchange's main market that provides the reader with longer-term indicative target prices.

Philip Morrish

Value Indicator - UK Main Market 07102019

Currently '(TM)Value Indicator - UK main market' is a value analysis of the Basic Resources, Construction & Materials, Telecoms and Utilities sectors of the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

Alexey Kirichok ...
  • Andrew Keeley
  • Andrey Kuznetsov
  • Irina Lapshina
  • Kirill Rogachev

CIS Market Daily - October 4, 2019

STORIES> Evraz reportedly in talks to sell its 500 ktpa Italian plate mill> De Beers' eighth cycle sales show almost no improvement> VTB publishes IFRS results for August and 8m19

Alexander Golinsky ...
  • Alexander Sychev
  • Alexey Bulgakov
  • Alexey Kirichok
  • Irina Lapshina
  • Nikolay Minko

Долговые рынки сегодня - 4 октября 2019

РЫНОК ВНЕШНЕГО ДОЛГА СТРАН СНГРосту цен еврооблигаций России и стран СНГ вчера способствовали снижение доходности базовых активов и усиливающиеся ожидания, что ФРС США будет проводить более стимулирующую политику, чем предполагали рыночные котировки. Длинные бумаги Россия-47 подорожали на 0,5 п. п., завершив день на уровне 119,0% (4,1%, Z-спред 250 б. п.). Десятилетние Россия-29 прибавили в цене 0,1 п. п., подорожав по итогам сессии до 106,9% (3,5%, Z-спред 209 б. п.). ГОСУДАРСТВЕННЫЕ ЦЕННЫЕ БУМАГИДоходности ОФЗ по итогам дня остались без изменений, спрос со стороны иностранных инвесторов был ...

Alexander Golinsky ...
  • Alexander Sychev
  • Alexey Bulgakov
  • Alexey Kirichok
  • Irina Lapshina
  • Nikolay Minko

Debt Markets Today - October 4, 2019

CIS EUROBOND MARKETA decline in benchmark yields and rising expectations of further stimulus in the US helped CIS Eurobonds to move higher. The Russia 47 rose 0.5 pp and closed at 119.0% (YTM 4.1%, Z-spread 250 bps). The Russia 29 edged up 0.1 pp to 106.9% (YTM 3.5%, Z-spread 209 bps). GOVERNMENT DEBTOFZ yields ended the day flat, with bids from foreigners being met by offers from residents. Volumes were on the lighter side. Turnover was again focused in papers with maturity in 2026-30.STORIES> O1 Properties 1H19 IFRS results review> Rosneft has reportedly switched its oil export contracts to ...

Alexander Sychev ...
  • Alexey Bulgakov
  • Alexey Kirichok
  • Alisa Zakirova
  • Andrey Kuznetsov
  • Irina Lapshina

Долговые рынки сегодня - 25 сентября 2019

РЫНОК ВНЕШНЕГО ДОЛГА СТРАН СНГВо вторник, несмотря на снижение доходности государственных облигаций США, уменьшился спрос на российские суверенные еврооблигации, притом что днем ранее они резко выросли в цене. По итогам дня длинные выпуски подешевели на 0,5 п. п., среднесрочные бумаги отступили на 0,2-0,3 п. п. Обороты были ниже среднего. ГОСУДАРСТВЕННЫЕ ЦЕННЫЕ БУМАГИНа рынке ОФЗ активность вновь была низкой. Доходность опять следовала за курсом рубля: в первой половине торгов снижалась на 1-2 б. п., но позднее начала расти, завершив день повышением на 1-2 б. п. Обороты составили 15 млрд руб.,...

Alexander Sychev ...
  • Alexey Bulgakov
  • Alexey Kirichok
  • Alisa Zakirova
  • Andrey Kuznetsov
  • Cole Akeson
  • Irina Lapshina

Debt Markets Today - September 25, 2019

CIS EUROBOND MARKETYesterday, demand subsided on the Russian sovereign Eurobond market following the previous day's sharp gains, despite a decline in US Treasury yields. Quotes closed 0.5 pp lower at the long end and 0.2-0.3 pp lower in the belly. Volumes were below average.GOVERNMENT DEBTTrading was again muted on the OFZ market. Yields followed the ruble, declining 1-2 bps in the morning before climbing to end 1-2 bps higher on the day. Volumes came in at R15 bln, with the greatest interest in 7y paper.STORIES> US House to launch impeachment inquiry into President Trump> Coking coal benchmar...

Moody's announces completion of a periodic review of ratings of EVRAZ plc

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of EVRAZ plc. Global Credit Research- 17 Sep 2019. London, 17 September 2019-- Moody's Investors Service has completed a periodic review of the ratings of EVRAZ plc and other ratings that are associated with the same analytical unit.

Alexey Kirichok ...
  • Andrew Keeley
  • Andrey Kuznetsov
  • Irina Lapshina
  • Kirill Rogachev

CIS Market Daily - October 4, 2019

STORIES> Evraz reportedly in talks to sell its 500 ktpa Italian plate mill> De Beers' eighth cycle sales show almost no improvement> VTB publishes IFRS results for August and 8m19

Alexey Kirichok ...
  • Andrew Keeley
  • Andrey Kuznetsov
  • Irina Lapshina
  • Kirill Rogachev

CIS Market Daily - 4 октября 2019

НОВОСТИ> Динамика продаж De Beers по итогам восьмого цикла почти не улучшилась> Evraz, возможно, ведет переговоры о продаже сталепрокатного завода в Италии мощностью 500 тыс. т в год> ВТБ опубликовал результаты по МСФО за август и 8М19

Alexey Kirichok ...
  • Andrey Kuznetsov
  • Cole Akeson
  • Irina Lapshina

CIS Market Daily - 25 сентября 2019

КОММЕНТАРИЙ И ПРОГНОЗ - ИТОГИ ТОРГОВ ВО ВТОРНИК ОКАЗАЛИСЬ СЛАБЫМИ НА ФОНЕ ВЫСТУПЛЕНИЙ В ООН, ЗАПРОСА ОБ ИМПИЧМЕНТЕ И НОВОСТЕЙ О BREXITИндекс MSCI EM упал на 0,4%, причем наибольшее снижение зафиксировано у таких тяжеловесов, как Китай (минус 0,8%). Россия оказалась в числе отстающих: индекс РТС опустился на 1,1% до 1 359 пунктов. Во второй половине дня удар по рынкам нанесли новая волна недовольства США Китаем и запрос об импичменте Дональда Трампа. Утренние индикаторы указывают на то, что торги в России сегодня могут начаться небольшим снижением.НОВОСТИ> Коксующийся уголь подешевел до трехлет...

Alexey Kirichok ...
  • Andrey Kuznetsov
  • Cole Akeson
  • Irina Lapshina

CIS Market Daily - September 25, 2019

MARKET COMMENT - SOFT TUESDAY AMID UN SPEECHES, IMPEACHMENT INQUIRY AND BREXIT NEWSThe MSCI EM fell 0.4%, with declines more prominent in heavier weighted markets like China (-0.8%). Russia was near the bottom of the pack; the RTS declined 1.1% to 1,359. A new round of US complaints toward China and the announcement of a US impeachment inquiry hit markets later in the day. Indicators this morning suggest a slightly weaker open.STORIES> US House to launch impeachment inquiry into President Trump> Coking coal benchmark slides to three-year low; implications for Evraz> PhosAgro BoD approves new F...

Artem Bagdasaryan ...
  • Kirill Chuyko
  • Oleg Petropavlovskiy

BCS M&M Strategy: Metals & Mining – Less Buys, more Holds

Our outlook for M&M names has mostly worsened – we now have fewer Buys, while those remaining are mostly macro-driven. - Buys: No high-conviction ideas, only valuation calls this time o TMK with a strong trigger, IPSCO sale; ALRS on stronger market in 2020 - Holds: PLZL – No upside left; HGM, MNOD showed strong 1H19 - Sells: EVR and AKRN – the highest conviction; POLY looks overheated - M2M Valuations: RUAL, KAZ, TMKS – the most attractive Kirill Chuyko, Managing Director, Head of Research, Oleg Petropavlovskiy, Director, Senior Analyst, Artem Bagdasaryan, Associate, Analyst, For mor...

3 directors sold

Three Directors at Evraz Group S.A. sold 13,632,750 shares at 635p. The significance rating of the trade was 68/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of bo...

Research Team

Focus: Turkey macro – important update; Europe macro – noise, not action, more downside growth risks; Ciech starts preparations for production halt at Romanian plant; OTP Bank – solid set of 2Q19 results, largely in line with our forecasts

HEADLINES: • Turkey macro: important update • Europe macro: noise, not action; more downside growth risks • Ciech: starts preparations for production halt at Romanian plant NEGATIVE • OTP Bank: solid set of 2Q19 results, largely in line with our forecasts • Isbank: 2Q19 highlights NEGATIVE • MLP Care: 2Q19 adjusted EBITDA misses by 8% and a deeper net loss NEGATIVE • SOK Marketler Ticaret: 2Q19 above expectations POSITIVE • Erdemir: 2Q19 financial results - in line with our forecasts, but FCF lower qoq NEUTRAL • Petkim: 2Q19 results - EBITDA in line with expectations • Anadolu Efes: 2Q19 ...

Research Team

WOOD Morning (7 August)

HEADLINES: • Bizim Toptan: 2Q results - stronger than our expectations on 200bps gross margin improvement POSITIVE • BIM: 2Q19 above expectations POSITIVE • Migros: 2Q19 results - 8% EBITDA beat vs. our expectations POSITIVE • Bank Pekao: solid, but neutral 2Q19 results, valuation attractive NEUTRAL • Enerjisa Enerji: 2Q19 review - strong results, operational earnings in line NEUTRAL • Aselsan: 2Q19 results - slight miss NEUTRAL • Richter: no positive triggers from 2Q19 conference call NEUTRAL • Polyus: 1H19 results - strong cost performance at Natalka and a 2.3% interim dividend • Alior Ba...

Research Team

Focus: Benefit Systems issues profit warning on higher fitness loss and MSSF 16 implementation; Orange Polska: 1Q19 results review - soft as expected, plus acquisition of BlueSoft; GPW’s strong 1Q19 results - 6% beat on EBIT and EBITDA

HEADLINES: • Benefit Systems: profit warning on higher fitness loss and MSSF 16 implementation NEGATIVE • Orange Polska: 1Q19 results review - soft as expected NEUTRAL • Orange Polska: concludes a preliminary agreement to acquire 100% of the shares of BlueSoft NEUTRAL • GPW: strong 1Q19 results - 6% beat on EBIT and EBITDA driven by better revenues than expected POSITIVE • mBank: neutral 1Q19 numbers - weak start to 2019E makes our PLN 1.3bn net income look ambitious NEUTRAL • Santander Bank Polska: neutral numbers, affected by restructuring reserve and BFG NEUTRAL • Lotos Q1 results, in line...

Research Team

Focus: keeping our HOLD on OTP Bank, with a higher HUF 13,330 PT; Motor Oil Hellas’ 4Q18 results, strong adjusted net income; CEZ – 4Q18 EBITDA a 10% miss, net profit misses by c.60%, but solid FY19E guidance; Athens Exchange Group’s 4Q18

HEADLINES: • OTP Bank: dance until the music stops (stays HOLD) • Motor Oil Hellas: 4Q18 results, strong adjusted net income • CEZ: 4Q18 EBITDA a 10% miss, net profit misses by c.60%, but solid FY19E guidance • Athens Exchange Group: 4Q18 - no surprises in the P&L trends, better dividend • Inter Cars: preliminary 2018 results NEUTRAL • Kruk: additional takeaways on Wonga.pl acquisition NEUTRAL • Wirtualna Polska: Emitel and TVP to launch joint marketing campaign for MUX-8 today POSITIVE • Globalworth: York Capital Management sells 8.9m GWI shares at EUR 9.1/share (EUR 81m) NEUTRAL • mBank...

Research Team

WOOD Morning (1 February)

HEADLINES: • Wizz Air: there are two kinds of carriers in this world... (HOLD - transfer of coverage) • Akbank/Garanti: 4Q18 results highlights NEUTRAL • EVRAZ: 4Q18 and FY18 trading update • Santander Bank Polska: reaches agreement with trade unions NEUTRAL • Polish gencos: Poland to unblock distance law rule NEUTRAL • LiveChat Software: 3Q18-19E (calendar 4Q18E) - EBITDA +16% yoy and NI +14% yoy (due on 26 February) NEUTRAL • OTP Bank: 4Q18E results preview (due on 1 March) • Short News (CPS, RU telcos)

Philip Morrish

Value Indicator - UK Basic Resources 14102019

Currently '(TM)Value Indicator - UK basic resources' is a value analysis of the Basic Resources super sector of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

Philip Morrish

Value Indicator - UK Main Market 14102019

Currently '(TM)Value Indicator - UK main market' is a value analysis of the Basic Resources, Construction & Materials, Telecoms and Utilities sectors of the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

Philip Morrish

Value Indicator - UK Basic Resources 07102019

Currently '(TM)Value Indicator - UK basic resources' is a value analysis of the Basic Resources super sector of companies on the London Stock Exchange's main market that provides the reader with longer-term indicative target prices.

Philip Morrish

Value Indicator - UK Main Market 07102019

Currently '(TM)Value Indicator - UK main market' is a value analysis of the Basic Resources, Construction & Materials, Telecoms and Utilities sectors of the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

Value Indicator - UK Basic Resources 30092019

Currently '(TM)Value Indicator - UK Basic Resources' is a value analysis of the Basic Resources super sector of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

BCS Fixed Income Daily: Evraz

Fed cut, Trade progress in doubt Week Ahead: Headwinds. The US Fed is on radar this week – Chair Powell testifies before congressional panels to discuss the Fed’s outlook on the economy and monetary policy. Indeed, the beat by US non-farm payrolls has sapped bets the US Fed come 31 July will cut rates by the 50bps some have expected, if at all. Progress on the US-China trade front is also in doubt, despite high-level comments as Trump and Xi appear to remain entrenched in their core positions – the two caps still confront the same issues that derailed the talks in the first place; moreover, B...

BCS Fixed Income Daily: Gazprom, AFK Sistema, Evraz, Belarus

Softer Brent, Fragile China, Holiday mode Ahead: Exit for May Days. The final day of the ‘two-day week’ trading session has no trigger to propel the indices higher. Brent has slipped further on uncertain supply-demand dynamics – the former taking the form of rising US output and speculation that Saudi Arabia-led OPEC will raise output after being pressured by US President Trump; the latter in the guise of a weaker China factory and servicing industries report for April, suggesting the economy is less than stable. Not least, the long May Day and Victory Day holidays (former commencing 1 May; l...

BCS Fixed Income Daily: Russian Railways, EVRAZ

Growth woes again center stage Expect the Russia trade to exhibit a lack of conviction. Brent has pierced the $68/bbl mark and China’s Biege Book suggests a beat, but the red flags of slowing economic growth worldwide as well as lingering uncertainty over a US-China deal and Brexit will temper any enthusiasm. The Mueller report has had its day in the sun, for now. Mark S Bradford, For more details, please contact: Oleg Achkasov ( / / ) Luis Saenz ( / / 23)

BCS Fixed Income Daily: EVRAZ, Sovcomflot, Credit Bank of Moscow, O1 Properties

OPEC cap, central bank largess v traditional Fed-speak posturing Expect an uptick out of the gate as Brent flirts with $68/bbl on OPEC’s move that kept the supply cap in place at least until May and wide expectation that the US Fed will do nothing less (Wednesday, after market) than reiterate a dovish tone on the pace of rate hikes. Still, expect any enthusiasm to be tempered awaiting the Fed’s take on the US and global economic outlook, which thus far has shown weakening. Mark S Bradford, For more details, please contact: Oleg Achkasov ( / / ) Luis Saenz ( / / 23)

BCS Fixed Income Daily: Fund Flows, Metalloinvest, Evraz

Brent resilient on China stimulus, OPEC/Venezuela Brent has proven resilient, recapturing some lost ground to trade at c$67 on OPEC-led supply cuts and US sanctions on Venezuela and Iran. The China card is also in play – China’s announced plan to cut taxes offers some fodder for the bulls. Absent any further negative ‘tweets’, the session appears set to trade higher. Mark S Bradford, For more details, please contact: Oleg Achkasov ( / / ) Luis Saenz ( / / 23)

MarketLine Department

Magnitogorsk Metallurgicheskiy Kombinat - Strategy, SWOT and Corporate Finance Report

Magnitogorsk Metallurgicheskiy Kombinat - Strategy, SWOT and Corporate Finance Report Summary Magnitogorsk Metallurgicheskiy Kombinat - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Magnitogorsk Metallurgicheskiy Kombinat (MMK) is steel and steel related products manufacturer. The company’s product portfolio includes iron ore, sinter ore, long and coated flat p...

MarketLine Department

Salzgitter AG - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Salzgitter AG Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Salzgitter AG since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key Highlig...

MarketLine Department

Lazard Ltd - Strategy, SWOT and Corporate Finance Report

Summary Lazard Ltd - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Lazard Ltd (Lazard) offers asset management and financial advisory services. Its asset management business comprises global investment solutions and investment management services. The company offers investments in mutual funds, closed-end funds and retirement plans through multi-asset, global eq...

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Cowen Inc - Strategy, SWOT and Corporate Finance Report

Cowen Inc - Strategy, SWOT and Corporate Finance Report Summary Cowen Inc - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Cowen Inc. (CI), formerly Cowen Group, Inc., is a diversified financial company. Along with its subsidiaries, it offers investment banking, alternative investment management, sales and trading, research, global clearing and commission manage...

Jérôme VINERIER

Short term view - EVRAZ PLC : The background trend is clearly bullish.

The background trend is clearly bullish. Prices are still making progress but there is less power in the movement. The next resistance is at 581.90 p. Breaking below the support at 454.30 p would invalidate the trend.

Jérôme VINERIER

Analyse court terme - EVRAZ PLC : La tendance de fond est clairement orientée à la hausse.

La tendance de fond est clairement orientée à la hausse. Les cours progressent encore, mais le mouvement montre moins de puissance. La prochaine résistance est à 581,90 p. La rupture du support à 454,30 p invaliderait cette tendance.

Jérôme VINERIER

Short term view - EVRAZ PLC : Prices are still making progress

The background trend is clearly bullish. Prices are still making progress but there is less power in the movement. The next resistance is at 581.90 p. Breaking below the support at 454.30 p would invalidate the trend.

Jérôme VINERIER

Analyse court terme - EVRAZ PLC : Les cours progressent encore.

La tendance de fond est clairement orientée à la hausse. Les cours progressent encore, mais le mouvement montre moins de puissance. La prochaine résistance est à 581,90 p. La rupture du support à 454,30 p invaliderait cette tendance.

Jérôme VINERIER

Analyse moyen terme - EVRAZ PLC : La tendance de fond est clairement orientée à la hausse.

La tendance de fond est clairement orientée à la hausse. La correction en cours gagne en vigueur. Il est trop tôt pour parler de retournement baissier. La tendance serait invalidée sous le support à 295,70 p.

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