From YNDX to MTL: Can US-listed Russian stocks duck Ukraine crisis?

5 min read | February 22, 2022 01:00 PM PST | By Rupam Roy

Highlights

  • Yandex N.V. (NASDAQ:YNDX) revenue increased by 54% YoY in Q4, FY21.

  • Mechel Pao’s (NYSE:MTL) stock rose over 86% over the past 12-months.

  • Ozon Holdings PLC (NASDAQ:OZON) revenue jumped around 85% YoY in Q3, FY21.

The global stock markets are worried over the deteriorating Russia-Ukraine crisis. Stocks saw a steep fall as investors tried to find a balance amid a topsy-turvy market.

As tensions mounted, global oil prices climbed to a seven-year high on Tuesday. Investors kept a distance from risky bets, pushing the stocks further into a bearish market.

Let's explore how the US-listed Russian stocks have performed in recent days.

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QIWI plc (NASDAQ:QIWI)

QIWI is a payment and financial services firm that provides its services in Russia and the Commonwealth of Independent States (CIS). It is based in Nicosia, Cyprus.

The shares of the company traded at US$6.795 at 12:36 pm ET on February 22, down 6.02% from their previous close. Its stock value decreased by 34.81% over the past 12 months.

The firm has a market cap of US$423.59 million, a P/E ratio of 1.97, and a forward one-year P/E ratio of 4.55. Its EPS is US$3.45.

The 52-week highest and lowest stock prices were US$11.52 and US$6.68, respectively. Its trading volume was 385,152 on February 18.

In the third quarter of fiscal 2021, the company's total net revenue decreased by 3.3% YoY to RUB6.41 billion (US$80.94 million). Its adjusted net profit came in at RUB2.70 billion (US$34.11 million), compared to RUB3.27 billion (US$41.30 million) in Q3, FY20.

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How the Russia-based companies are performing in recent days?

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Yandex N.V. (NASDAQ:YNDX)

Yandex is a Moscow-based internet and technology firm that primarily focuses on internet search engines. It engages in various operations like e-commerce, search, portal, etc., and provides its services in Russia, Ukraine, and Belarus.

The stock traded at US$39.83 at 12:47 pm ET on February 22, down 10.99% from its previous closing price. The YNDX stock fell 32.11% over the past 12 months.

The market cap of the company is US$14.13 billion, and the forward one-year P/E ratio is 44.75. Its EPS is US$-0.58. The stock saw the highest price of US$87.11 and the lowest price of US$39.00 in the last 52 weeks. Its share volume on February 18 was 6,898,969.

The company's total revenue was RUB110.32 billion (US$1.39 billion) in Q4, FY21, representing an increase of 54% YoY, while its net loss came in at RUB2.86 billion (US$36.08 million). For fiscal 2021, the company's total revenue jumped 54% YoY to RUB356.17 billion (US$44.91 billion).

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Mechel Pao (NYSE:MTL)

Mechel Pao is one of the leading metal and mining firms in Russia. It produces coal, iron ore, steel, and other related products. It has interests in mining, steel, and power industry sectors.

The shares of the company traded at US$3.0892 at 12:53 pm ET on February 22, down 14.43% from their closing price of February 18. Its stock value increased by 86.08% over the past 12 months.

The firm has a market cap of US$839.75 million. The 52-week highest and lowest stock prices were US$5.19 and US$1.58, respectively. Its trading volume was 311,356 on February 18.

The firm is expected to release its fourth-quarter fiscal 2021 financial results in March 2022.

Meanwhile, in the third quarter of fiscal 2021, the company reported revenue of RUB102.91 billion (US$1.29 billion), down 5% from Q2, FY21. Its net profit attributable to share shareholders was RUB 21.27 billion (US$267.77 million), representing a decrease of 11% QoQ.

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Mobile TeleSystems Public Joint Stock Company (NYSE:MBT)

Mobile Telesystems is one of the leading mobile network operators based in Moscow. It offers a range of telecommunication services like mobile and fixed-line voice services, data telecommunication services like broadband, etc.

The stock of the company traded at US$6.725 at 1:02 pm ET on February 22, down 6.21% from its previous closing price. The MBT stock declined 15.75% over the past 12 months.

The market cap of the company is US$5.81 billion, the P/E ratio is 6.8, and the forward one-year P/E ratio is 9.19. Its EPS is US$0.99.

The stock saw the highest price of US$10.07 and the lowest price of US$6.71 in the last 52 weeks. Its share volume on February 18 was 5,458,053.

The company's revenue was RUB138.2 billion (US$1.74 billion) in Q3, FY21, an increase of 8.4% YoY. Its profit attributable to the owners came in at RUB16.5 billion (US$207.78 million), a decrease of 12.5% YoY.

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Russian stocks to explore amid increasing Russia-Ukraine turmoil

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Ozon Holdings PLC (NASDAQ:OZON)

Ozon provides an e-commerce platform in Russia. It focuses on facilitating transactions between buyers and sellers.

The shares of the company traded at US$17.44 at 1:10 pm ET on February 22, up 7.97% from their closing price of February 18. Its stock value plunged 71.46% over the past 12 months.

The firm has a market cap of US$3.62 billion and a forward one-year P/E ratio of -5.31. The 52-week highest and lowest stock prices were US$67.85 and US$15.37, respectively. Its trading volume was 1,686,174 on February 18.

In the third quarter of fiscal 2021, the company's revenue surged 85% YoY to RUB41.49 billion (US$522.38 million). Its loss for the period came in at RUB14.01 billion (US$176.38 million), compared to RUB3.87 billion (US$48.72 million) in Q3, FY20.

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Bottomline

The US market has slowed down lately amid various macroeconomic and geopolitical factors, from Fed's anticipated rate hikes to the Russia-Ukraine turmoil. The Nasdaq Composite Index tumbled 14.43% YTD, while the S&P 500 Index plummeted 8.76% YTD.


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