FIZIKA Scientific and Production Association Open Joint-Stock Company (NPOF.ME)

FIZIKA Scientific and Production Association Open Joint-Stock Company (NPOF.ME) — VMCI valuation read

Headline read on NPOF.ME: VMCI of 64/100 versus a Technology sector median of 50. The 14-point above-median position is what makes FIZIKA Scientific and Production Association Open Joint-Stock Company a relative-value candidate in the mid-cap cohort, before any pillar-level review.

Form 4 filings on NPOF.ME: zero in the trailing 30 days. The absence of insider transactions is itself a data point, just a low-information one. The thesis runs on financials and price action until that changes.

**Investor frame.** Three reads on NPOF.ME: value (NPOF.ME trades at 25.0x earnings, 39% above the Technology median of 18.0x), quality (ROIC of 19.0% sits 9.0pp above the Technology median (10.0%)), and risk (net debt to EBITDA of -1.2x leaves covenant headroom). The value read also implies an EV/EBITDA gap of +4.0x against the Technology 12.0x baseline.

NPOF.ME fell 4.0% over the trailing 7 days, with a -15.3% read on a 30-day basis.