Home / Press Releases / MMK has entered the top three most profitable for shareholders of steel companies the world over the past five years, according to BCG

MMK has entered the top three most profitable for shareholders of steel companies the world over the past five years, according to BCG

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The level of TSR (total shareholder return) is estimated on the basis of share price growth and dividend income on the company's share over a certain period, in the case of the BCG ranking – 5 years. This is an important indicator for investors, as it clearly reflects the aggregate financial benefits to the shareholders of the company. TSR PJSC "MMK" for 2015-2019 was 42%, the highest among steel companies in Russia the third place among all Russian companies and the third place among the metallurgical companies of the world.
Rating Value Creators 2020 prepared by BCG, one of the largest consulting companies in the world with a global network of over 90 offices in 50 countries, based on the analysis of the TSR at 2327 companies from different countries for the period from 2015 to 2019. Evaluating the high position of the Russian metallurgists, including MMK, rating Value Creators, partner and managing Director BCG Dmitry Golovinsky noted that it is not surprising: "the Largest Russian mining and metals companies for many years continuously working on efficiency and optimization has launched a large program."
High yield to investors – one of the absolute priorities of JSC "MMK". From November 2019, the company adheres to a dividend policy under which the company directs on dividends not less than 100% of free cash flow when the value of the ratio "net debt/EBITDA", in the range of 1.0 x At the present time in connection with the pandemic COVID-19 the decision on payment of interim dividends for the year 2020 is postponed until autumn of this year, however, as stressed in the letter to shareholders Chairman of the Board of Directors of PJSC "MMK" Victor Rashnikov, "at the end of the crisis phase and the recovery of activity in the key markets of MMK Group, The Board will revisit the issue of the payment of interim dividends".
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