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Russian aluminum producer and one of the world's largest, with hydropower-based smelting and alumina refining.
Russian aluminum producer and one of the world's largest, with hydropower-based smelting and alumina refining.
Sells aluminium at prices tied to the London Metal Exchange plus regional premiums, so earnings follow the metal price and the cost of power and alumina; its Siberian hydropower smelters keep power costs low. Western restrictions on Russian metal have pushed more of its sales toward Asia. En+ Group is the largest shareholder.
In one line: Russia's Alcoa.
Moat: narrow (cost advantage, scale). Low-cost Siberian hydropower smelting gives one of the industry's lowest carbon/cost profiles.
Headquarters: Moscow, Russia · Founded: 2000
Size United Company RUSAL international PJSC (0486.HK) is a Hong Kong Materials company (Aluminum) with a market value of $4.26B, the 284th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$2.77 on 6 Nov 2026.
Performance Over six months the shares fell 34.0%, against -27.7% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 8th lowest of 21 in its peer set.
Growth Revenue fell 3.8% over the last twelve months (peer median +15.2%); the operating margin is 6.4% (peer median 11.4%).
Valuation It trades at 0.8× enterprise value to sales against a peer median of 1.1× (9th cheapest of 21).
Capital Return on invested capital runs 1.9 points below its cost of capital (5.9% WACC).
Next results Next results expected around 18 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$121B | HK$122B | HK$79.1B | HK$91.0B | HK$103B |
| Revenue growth | — | +54% | -13% | -12% | — |
| Gross profit | HK$24.3B | HK$20.8B | HK$18.2B | HK$12.9B | HK$23.5B |
| EBITDA | HK$13.4B | HK$10.3B | HK$11.6B | HK$7.07B | HK$15.3B |
| Net income | HK$248M | -HK$3.74B | HK$5.26B | HK$2.10B | HK$13.2B |
| Free cash flow | -HK$7.16B | -HK$3.48B | -HK$5.31B | HK$2.97B | -HK$2.22B |
| Capital expenditure | HK$10.6B | HK$12.1B | HK$8.94B | HK$7.87B | HK$9.15B |
| Total debt | n/a | HK$74.8B | HK$61.3B | HK$61.3B | HK$72.4B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| United Company RUSAL international PJSC 0486.HK | $4.26B | -34% | -4% | 6% | 0.8× | n/a |
| Alcoa AA | $10.4B | -37% | +10% | 14% | 0.7× | -4.9% |
| Aluminum Corporation of China 2600.HK | $20.9B | -37% | +7% | 17% | 0.9× | -11.6% |
| Norsk Hydro NHY.OL | $14.4B | -34% | -4% | 10% | 0.8× | 0.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 0486.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.3% | -7.8% | 2nd highest of 21 |
| 6-month return | -34.0% | -27.7% | 8th lowest of 21 |
| Distance from 52-week high | -60.4% | -45.7% | lowest of 21 |
| Revenue growth (TTM) | -3.8% | +15.2% | 2nd lowest of 21 |
| Operating margin | 6.4% | 11.4% | 5th lowest of 21 |
| EV / Sales | 0.8× | 1.1× | 9th cheapest of 21 |
| ROIC minus cost of capital | -1.9 pp | +3.9 pp | 3rd lowest of 21 |
| EV / EBITDA | 7.6× | 5.4× | 4th most expensive of 11 |
| Net debt / EBITDA | 5.1× | 1.2× | 2nd most indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| United Company RUSAL international PJSC 0486.HK | Hong Kong | $4.26B | -34% | -4% | 6% | 0.8× | n/a | n/a |
| Henan Zhongfu Industrial 600595.SS | China | $3.36B | -28% | +24% | 16% | 0.9× | -10.2% | +23.3% |
| Century Aluminum CENX | United States | $3.31B | -43% | +10% | 15% | 1.3× | 9.9% | +9.5% |
| Grupa Kety KTY.WA | Poland | $3.15B | +11% | +8% | 15% | 2.3× | 6.6% | +9.2% |
| Constellium CSTM | United States | $2.93B | -36% | +26% | 9% | 0.5× | -6.8% | +8.7% |
| National Aluminium NATIONALUM.NS | India | $6.33B | -19% | +14% | 43% | 2.3× | -4.2% | +14.7% |
| Henan Mingtai Aluminum Industrial 601677.SS | China | $2.70B | -17% | +19% | 6% | 0.5× | -2.7% | +16.6% |
| Shandong Nanshan Aluminium 600219.SS | China | $7.53B | -19% | +4% | 13% | 1.1× | -5.7% | +9.4% |
| Tianshan Aluminum 002532.SZ | China | $8.36B | -28% | +17% | 31% | 1.8× | -13.0% | +1.4% |
| Henan Shenhuo Coal Industary and Electricity Power 000933.SZ | China | $8.45B | -21% | +17% | 26% | 1.2× | -16.2% | +17.0% |
| Xinjiang Joinworld 600888.SS | China | $2.07B | +3% | +21% | 7% | 2.0× | n/a | n/a |
| UACJ 5741.T | Japan | $2.06B | -36% | +28% | 9% | 0.6× | -5.3% | +15.7% |
| Jiangsu Dingsheng New Material Joint-Stock 603876.SS | China | $2.00B | -52% | +10% | 4% | 0.8× | 8.1% | +16.2% |
| Shanghai Huafon Aluminium Corporation 601702.SS | China | $1.98B | -29% | +10% | 10% | 1.2× | n/a | n/a |
| Innovation New Material Technology 600361.SS | China | $1.91B | -24% | +4% | 1% | 0.3× | n/a | n/a |
| Granges GRNG.ST | Sweden | $1.83B | -6% | +27% | 6% | 0.7× | n/a | n/a |
| Guangdong HEC Technology 600673.SS | China | $10.4B | -35% | +30% | 6% | 4.4× | n/a | n/a |
| Kaiser Aluminum KALU | United States | $1.75B | -41% | +40% | 8% | 0.6× | 0.8% | +23.5% |
| Alcoa AA | United States | $10.4B | -37% | +10% | 14% | 0.7× | -4.9% | +7.1% |
| Jiaozuo Wanfang Aluminum Manufacturing 000612.SZ | China | $1.71B | -28% | +13% | 32% | 1.2× | -13.0% | +6.6% |
| Vedanta VEDL.NS | India | $10.8B | -14% | -37% | 28% | 1.3× | -9.5% | -3.1% |