Magnit shares hit 17-year low

Last time, the company's stock price was at such a level in 2009. Over the past year, the stock price of Magnit has fallen by approximately 60%.

Consensus

• The shares of PJSC Magnit fell by 2.06% on August 27.
• The share price reached 1,450 rubles, the lowest level since August 2009.
• The company is one of Russia's leading retail networks for food products.
• Magnit operates around 33,000 stores across 4,800 populated areas in Russia.
• The company has a network of distribution centers, production facilities, and a fleet of 7,900 trucks.
• 20% of the company's sales come from its own trade brands.
• Magnit is among the 10 largest companies in Russia by revenue.
• The company has not paid dividends since 2023.
• The share price has declined by over 50% since the beginning of the year.

Points of divergence

• The share price fell to 1,450 rubles for the first time since 2009, with no mention of the date being August 27. — vedomosti
• The share price was 1,450 rubles at 15:33 on August 27, and later adjusted to 1,460 rubles (-1.15%). — kommersant
• The company's debt is expected to exceed 500 billion rubles under IFRS by 2025. — kommersant

Coverage (2 sources)

• Price of Magnit shares fell to a 17-year low — Ведомости
• Magnum shares plummeted to a 17-year low — Коммерсантъ

Key entities

• Magnit
• Russia
• Moscow Exchange
• Moscow Exchange
• PJSC Magnit