PAO Novatek (NVTK.IL)

PAO Novatek (NVTK.IL) — VMCI valuation read

PAO Novatek (NVTK.IL) carries a VMCI composite of 41/100, 9 points below the Energy sector median of 50. Among mid-cap names, that gap places NVTK.IL in the bottom third on the five-pillar weighting (Value 35%, Quality 30%, Integrity 15%, Growth 12%, Risk 8%).

The NVTK.IL insider tape has been silent for the past 30 days on Form 4. Where executives neither buy nor sell, the bull and bear cases lean harder on filings cadence and the next earnings line.

**Investor frame.** Value reads NVTK.IL trades at 14.0x earnings, 22% below the Energy median of 18.0x, which compresses or extends through the 11.0x EV/EBITDA versus a Energy 12.0x. Quality: ROIC of 14.0% sits 4.0pp above the Energy median (10.0%). Risk: net debt to EBITDA of -2.1x leaves covenant headroom, the line to track on PAO Novatek's next 10-Q.

NVTK.IL rose 2.6% over the trailing 7 days, with a -2.2% read on a 30-day basis.