Loading...

PJSC Tatneft

WBAG:ATAD
Snowflake Description

Outstanding track record with flawless balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ATAD
WBAG
RUB1,643B
Market Cap
  1. Home
  2. AT
  3. Energy
Company description

PJSC Tatneft, together with its subsidiaries, engages in exploration, development, and production of crude oil primarily in Russia. The last earnings update was 107 days ago. More info.


Add to Portfolio Compare Print
ATAD Share Price and Events
7 Day Returns
-2.2%
WBAG:ATAD
2.1%
Europe Oil and Gas
2.3%
AT Market
1 Year Returns
14.9%
WBAG:ATAD
12.7%
Europe Oil and Gas
-8.4%
AT Market
ATAD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
PJSC Tatneft (ATAD) -2.2% -3% 2.5% 14.9% - -
Europe Oil and Gas 2.1% 2% 4.9% 12.7% 34% 13.6%
AT Market 2.3% 2.2% 4.2% -8.4% 36.9% 23.5%
1 Year Return vs Industry and Market
  • ATAD outperformed the Oil and Gas industry which returned 12.7% over the past year.
  • ATAD outperformed the Market in Austria which returned -8.4% over the past year.
Price Volatility
ATAD
Industry
5yr Volatility vs Market

Value

 Is PJSC Tatneft undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of PJSC Tatneft to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data    Our intrinsic value calculation method has changed recently, learn more here.

Below are the data sources, inputs and calculation used to determine the intrinsic value for PJSC Tatneft.

WBAG:ATAD Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 12 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.6%
Perpetual Growth Rate 10-Year AT Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for WBAG:ATAD
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AT Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 9.4%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.94
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.941 (1 + (1- 20%) (1.04%))
0.965
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.97
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.51% + (0.965 * 9.43%)
9.61%

Discounted Cash Flow Calculation for WBAG:ATAD using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for PJSC Tatneft is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

WBAG:ATAD DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (RUB, Millions) Source Present Value
Discounted (@ 9.61%)
2019 116,075.70 Analyst x5 105,895.62
2020 138,866.70 Analyst x5 115,577.01
2021 151,224.13 Analyst x3 114,823.58
2022 222,205.51 Analyst x1 153,922.28
2023 249,721.15 Analyst x1 157,811.49
2024 270,500.70 Est @ 8.32% 155,951.07
2025 286,670.61 Est @ 5.98% 150,778.63
2026 299,104.78 Est @ 4.34% 143,521.39
2027 308,643.85 Est @ 3.19% 135,110.03
2028 316,006.38 Est @ 2.39% 126,200.90
Present value of next 10 years cash flows RUB1,359,592.00
WBAG:ATAD DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= RUB316,006.38 × (1 + 0.51%) ÷ (9.61% – 0.51%)
RUB3,489,034.26
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= RUB3,489,034.26 ÷ (1 + 9.61%)10
RUB1,393,387.29
WBAG:ATAD Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= RUB1,359,592.00 + RUB1,393,387.29
RUB2,752,979.28
Equity Value per Share
(RUB)
= Total value / Shares Outstanding
= RUB2,752,979.28 / 2,250.72
RUB97.6
WBAG:ATAD Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in WBAG:ATAD represents 0.07979x of MISX:TATN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.07979x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (RUB) x Listing Adjustment Factor
= RUB 1,223.16 x 0.07979
€97.60
Value per share (EUR) From above. €97.60
Current discount Discount to share price of €59.35
= -1 x (€59.35 - €97.60) / €97.60
39.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price PJSC Tatneft is available for.
Intrinsic value
39%
Share price is €59.35 vs Future cash flow value of €97.6
Current Discount Checks
For PJSC Tatneft to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • PJSC Tatneft's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • PJSC Tatneft's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for PJSC Tatneft's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are PJSC Tatneft's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WBAG:ATAD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in RUB RUB92.60
MISX:TATN Share Price ** MISX (2019-03-15) in RUB RUB743.8
Europe Oil and Gas Industry PE Ratio Median Figure of 90 Publicly-Listed Oil and Gas Companies 11.15x
Austria Market PE Ratio Median Figure of 50 Publicly-Listed Companies 14.96x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of PJSC Tatneft.

WBAG:ATAD PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= MISX:TATN Share Price ÷ EPS (both in RUB)

= 743.8 ÷ 92.60

8.03x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • PJSC Tatneft is good value based on earnings compared to the Europe Oil and Gas industry average.
  • PJSC Tatneft is good value based on earnings compared to the Austria market.
Price based on expected Growth
Does PJSC Tatneft's expected growth come at a high price?
Raw Data
WBAG:ATAD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.03x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts
5.6%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 60 Publicly-Listed Oil and Gas Companies 0.82x
Austria Market PEG Ratio Median Figure of 32 Publicly-Listed Companies 1.02x

*Line of best fit is calculated by linear regression .

WBAG:ATAD PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.03x ÷ 5.6%

1.44x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • PJSC Tatneft is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on PJSC Tatneft's assets?
Raw Data
WBAG:ATAD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in RUB RUB347.57
MISX:TATN Share Price * MISX (2019-03-15) in RUB RUB743.8
Europe Oil and Gas Industry PB Ratio Median Figure of 185 Publicly-Listed Oil and Gas Companies 0.85x
Austria Market PB Ratio Median Figure of 59 Publicly-Listed Companies 1.2x
WBAG:ATAD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= MISX:TATN Share Price ÷ Book Value per Share (both in RUB)

= 743.8 ÷ 347.57

2.14x

* Primary Listing of PJSC Tatneft.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • PJSC Tatneft is overvalued based on assets compared to the Europe Oil and Gas industry average.
X
Value checks
We assess PJSC Tatneft's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. PJSC Tatneft has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is PJSC Tatneft expected to perform in the next 1 to 3 years based on estimates from 12 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
5.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is PJSC Tatneft expected to grow at an attractive rate?
  • PJSC Tatneft's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • PJSC Tatneft's earnings growth is positive but not above the Austria market average.
  • PJSC Tatneft's revenue growth is expected to exceed the Austria market average.
Annual Growth Rates Comparison
Raw Data
WBAG:ATAD Future Growth Rates Data Sources
Data Point Source Value (per year)
WBAG:ATAD Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts 5.6%
WBAG:ATAD Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts 5.9%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 7.6%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.3%
Austria Market Earnings Growth Rate Market Cap Weighted Average 8.7%
Austria Market Revenue Growth Rate Market Cap Weighted Average 3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
WBAG:ATAD Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
All numbers in RUB Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WBAG:ATAD Future Estimates Data
Date (Data in RUB Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31 1,130,560 1
2021-12-31 1,234,409 282,941 285,344 3
2020-12-31 1,062,106 251,985 250,449 11
2019-12-31 954,576 235,332 233,864 12
2018-12-31 984,422 242,974 234,461 12
WBAG:ATAD Past Financials Data
Date (Data in RUB Millions) Revenue Cash Flow Net Income *
2018-09-30 870,165 233,366 208,439
2018-06-30 786,513 207,766 166,573
2018-03-31 703,059 184,064 129,559
2017-12-31 681,159 190,272 123,139
2017-09-30 651,039 173,235 120,979
2017-06-30 629,262 147,407 120,615
2017-03-31 625,591 149,288 125,358
2016-12-31 580,127 141,371 107,389
2016-09-30 553,852 138,049 94,833
2016-06-30 541,045 137,744 91,413
2016-03-31 538,632 149,060 89,982
2015-12-31 552,712 140,516 98,930

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • PJSC Tatneft's earnings are expected to grow by 5.6% yearly, however this is not considered high growth (20% yearly).
  • PJSC Tatneft's revenue is expected to grow by 5.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
WBAG:ATAD Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below

All data from PJSC Tatneft Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:ATAD Future Estimates Data
Date (Data in RUB Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31 109.88 130.22 82.60 3.00
2019-12-31 103.60 115.94 85.20 5.00
2018-12-31 105.59 106.53 104.09 3.00
WBAG:ATAD Past Financials Data
Date (Data in RUB Millions) EPS *
2018-09-30 92.60
2018-06-30 74.00
2018-03-31 57.56
2017-12-31 54.70
2017-09-30 53.68
2017-06-30 53.46
2017-03-31 55.57
2016-12-31 47.50
2016-09-30 41.90
2016-06-30 40.34
2016-03-31 39.62
2015-12-31 43.56

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • PJSC Tatneft is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess PJSC Tatneft's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
PJSC Tatneft has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has PJSC Tatneft performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare PJSC Tatneft's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • PJSC Tatneft's year on year earnings growth rate has been positive over the past 5 years.
  • PJSC Tatneft's 1-year earnings growth exceeds its 5-year average (72.3% vs 16.3%)
  • PJSC Tatneft's earnings growth has exceeded the Europe Oil and Gas industry average in the past year (72.3% vs 24.1%).
Earnings and Revenue History
PJSC Tatneft's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from PJSC Tatneft Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:ATAD Past Revenue, Cash Flow and Net Income Data
Date (Data in RUB Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 870,165.00 208,439.00 59,266.00
2018-06-30 786,513.00 166,573.00 58,276.00
2018-03-31 703,059.00 129,559.00 56,927.00
2017-12-31 681,159.00 123,139.00 56,968.00
2017-09-30 651,039.00 120,979.00 58,167.00
2017-06-30 629,262.00 120,615.00 56,873.00
2017-03-31 625,591.00 125,358.00 53,229.00
2016-12-31 580,127.00 107,389.00 50,197.00
2016-09-30 553,852.00 94,833.00 49,546.00
2016-06-30 541,045.00 91,413.00 48,603.00
2016-03-31 538,632.00 89,982.00 49,991.00
2015-12-31 552,712.00 98,930.00 50,727.00
2015-09-30 518,644.00 97,946.00 48,280.00
2015-06-30 511,009.00 96,693.00 48,514.00
2015-03-31 494,681.00 94,405.00 46,803.00
2014-12-31 476,360.00 92,227.00 45,455.00
2014-09-30 492,159.00 89,275.00 45,357.00
2014-06-30 488,595.00 90,488.00 45,624.00
2014-03-31 465,169.00 78,249.00 45,511.00
2013-12-31 454,983.00 70,832.00 45,962.00
2013-09-30 444,348.00 69,592.00 45,501.00
2013-06-30 448,206.00 73,479.00 45,164.00
2013-03-31 439,394.00 63,082.00 44,637.00
2012-12-31 444,099.00 73,473.00 42,650.00
2012-09-30 304,629.00 76,034.00 42,965.00
2012-06-30 331,053.00 54,540.00 39,418.00
2012-03-31 397,287.00 64,993.00 37,878.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • PJSC Tatneft has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • PJSC Tatneft used its assets more efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • PJSC Tatneft has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess PJSC Tatneft's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
PJSC Tatneft has a total score of 6/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is PJSC Tatneft's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up PJSC Tatneft's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • PJSC Tatneft is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • PJSC Tatneft's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of PJSC Tatneft's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 21.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from PJSC Tatneft Company Filings, last reported 5 months ago.

WBAG:ATAD Past Debt and Equity Data
Date (Data in RUB Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 786,775.00 17,025.00 132,234.00
2018-06-30 787,497.00 20,611.00 104,995.00
2018-03-31 751,667.00 26,043.00 72,978.00
2017-12-31 718,729.00 46,812.00 87,847.00
2017-09-30 745,651.00 33,010.00 111,823.00
2017-06-30 720,170.00 40,875.00 133,728.00
2017-03-31 745,199.00 50,226.00 116,031.00
2016-12-31 708,904.00 54,130.00 124,267.00
2016-09-30 669,792.00 14,356.00 32,942.00
2016-06-30 643,084.00 14,592.00 44,000.00
2016-03-31 644,715.00 16,724.00 34,311.00
2015-12-31 657,658.00 18,161.00 28,442.00
2015-09-30 640,056.00 21,922.00 51,930.00
2015-06-30 615,726.00 19,478.00 90,643.00
2015-03-31 610,278.00 25,690.00 64,991.00
2014-12-31 582,244.00 28,747.00 60,179.00
2014-09-30 563,207.00 25,498.00 55,525.00
2014-06-30 538,594.00 25,850.00 60,432.00
2014-03-31 529,688.00 50,960.00 69,252.00
2013-12-31 503,982.00 49,346.00 42,024.00
2013-09-30 486,026.00 51,562.00 27,056.00
2013-06-30 460,233.00 57,785.00 43,503.00
2013-03-31 464,188.00 62,402.00 33,615.00
2012-12-31 446,233.00 70,087.00 23,698.00
2012-09-30 452,535.00 77,609.00 41,001.00
2012-06-30 422,875.00 88,096.00 61,009.00
2012-03-31 432,462.00 89,049.00 58,881.00
  • PJSC Tatneft's level of debt (2.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (10.6% vs 2.2% today).
  • Debt is well covered by operating cash flow (1370.7%, greater than 20% of total debt).
  • PJSC Tatneft earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess PJSC Tatneft's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. PJSC Tatneft has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is PJSC Tatneft's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
7.06%
Current annual income from PJSC Tatneft dividends. Estimated to be 8.09% next year.
If you bought €2,000 of PJSC Tatneft shares you are expected to receive €141 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • PJSC Tatneft's pays a higher dividend yield than the bottom 25% of dividend payers in Austria (1.42%).
  • PJSC Tatneft's dividend is above the markets top 25% of dividend payers in Austria (5.11%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
WBAG:ATAD Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 60 Stocks 5.1%
Austria Market Average Dividend Yield Market Cap Weighted Average of 49 Stocks 3.5%
Austria Minimum Threshold Dividend Yield 10th Percentile 0.9%
Austria Bottom 25% Dividend Yield 25th Percentile 1.4%
Austria Top 25% Dividend Yield 75th Percentile 5.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

WBAG:ATAD Future Dividends Estimate Data
Date (Data in RUB) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 60.75 1.00
2021-12-31 45.30 1.00
2020-12-31 62.24 7.00
2019-12-31 60.09 10.00
2018-12-31 63.35 10.00
WBAG:ATAD Past Annualized Dividends Data
Date (Data in RUB) Dividend per share (annual) Avg. Yield (%)
2018-11-13 52.530 6.968
2018-08-14 42.430 5.375
2018-04-24 39.940 5.849
2017-11-30 27.780 4.959
2017-06-23 22.810 5.613
2016-12-01 10.960 2.890
2016-06-24 10.960 3.284
2015-08-27 10.580 3.250
2015-04-27 10.580 3.558
2014-06-27 8.230 3.283
2013-06-28 8.600 4.138
2012-04-16 7.080 3.629
2011-06-23 5.020 3.035
2010-06-25 6.560 4.188
2010-01-22 4.420 3.148

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • PJSC Tatneft has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but PJSC Tatneft only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of PJSC Tatneft's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.9x coverage).
X
Income/ dividend checks
We assess PJSC Tatneft's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can PJSC Tatneft afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. PJSC Tatneft has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of PJSC Tatneft's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Nail Maganov
AGE 60
TENURE AS CEO 5.3 years
CEO Bio

Mr. Nail Ulfatovich Maganov has been a General Director of PJSC Tatneft since November 27, 2013 and serves as its Chairman and Member of The Management Board. Mr. Maganov served the Head of Oil and Refined Products Sales Department of OAO Tatneft until November 2013. He served as First Deputy General Director of JSC Tatneft Crude Oil and Petrol Products Offtake. Mr. Maganov served as First Deputy General Director of OAO Tatneft (alternate name: JSC Tatneft) from July 2000 to November 2013. He served as the Chief of Oil and Oil Products Sales Department at OAO Tatneft since 1993. He served as Deputy General Director of JSC Tatneft, since 1994. Mr. Maganov served as Deputy General Director of Sales and Refining and Head of the Oil & Oil Products Sales Department at JSC Tatneft (formerly OAO Tatneft) since July 2000. He started work in 1977 at NGDU Elkhovneft, where he was gradually promoted from Transportation Helper to Head of the Oil and Gas Production Division. From 1991 to 1993, he served as Deputy Head of Zainskneft NGDU for capital construction. He has been the Chairman of the Board at Bank ZENIT Public Joint Stock Company since May 18, 2015. He serves as the Chairman of OJSC TANECO. He has been a Director of Bank ZENIT Public Joint Stock Company since June 08, 2001. He has been a Director of PJSC Nizhnekamskneftekhim since April 2008. He has been an Executive Director of PJSC Tatneft (also Known as OAO Tatneft) since 2000. He served as a Director of JSC Nizhnekamskshina. Mr. Maganov graduated from Tatar Evening Department of the Gubkin Petrochemical and Gas Industry Institute of Moscow in 1983.

CEO Compensation
  • Insufficient data for Nail to compare compensation growth.
  • Insufficient data for Nail to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team Tenure

Average tenure and age of the PJSC Tatneft management team in years:

10.1
Average Tenure
60
Average Age
  • The average tenure for the PJSC Tatneft management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Nail Maganov

TITLE
General Director
AGE
60
TENURE
5.3 yrs

Yevgeny Alexandrovich Tikhturov

TITLE
Head of Financial Department & Member of Management Board
AGE
58
TENURE
20.2 yrs

Nail Ibragimov

TITLE
First Deputy General Director of Ops.
AGE
63

Rustam Mukhamadeev

TITLE
Deputy General Director of HR & Social Development and Member of Management Board
AGE
66

Rafael Nurmukhametov

TITLE
Head of NGDU Leninogorskneft
AGE
69

Vlad Voskoboynikov

TITLE
Head of Consolidated Financial statement Department & Member of Management Board
AGE
53
TENURE
13.5 yrs

Nikolay Glazkov

TITLE
Deputy General Director of Capital Construction & Member of Management Board
AGE
58
TENURE
6.8 yrs

Nurislam Syubaev

TITLE
Head of Strategic Planning Department & Member of Management Board
AGE
58
TENURE
5.2 yrs

Rais Khisamov

TITLE
Deputy General Director
AGE
68
TENURE
21.4 yrs

Ildar Rakhmatullin

TITLE
Head of the Internal Audit Department
Board of Directors Tenure

Average tenure and age of the PJSC Tatneft board of directors in years:

19.2
Average Tenure
64
Average Age
  • The average tenure for the PJSC Tatneft board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Rustam Minnikhanov

TITLE
Chairman of the Board
AGE
61
TENURE
20.8 yrs

Nail Maganov

TITLE
General Director
AGE
60
TENURE
19.2 yrs

Nail Ibragimov

TITLE
First Deputy General Director of Ops.
AGE
63
TENURE
19.2 yrs

Rafael Nurmukhametov

TITLE
Head of NGDU Leninogorskneft
AGE
69
TENURE
2.8 yrs

Rais Khisamov

TITLE
Deputy General Director
AGE
68
TENURE
21.2 yrs

Rustam Khalimov

TITLE
First Deputy General Director for Exploration and Production of Oil & Gas
AGE
53
TENURE
3.8 yrs

Shafagat Takhautdinov

TITLE
Advisor to the Chairman & Non-Executive Director
AGE
72
TENURE
25.2 yrs

René Steiner

TITLE
Independent Director
AGE
54
TENURE
6.2 yrs

Yuri Levin

TITLE
Independent Director
AGE
65
TENURE
3.8 yrs

Renat Muslimov

TITLE
Director
AGE
84
TENURE
24.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess PJSC Tatneft's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. PJSC Tatneft has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

PJSC Tatneft, together with its subsidiaries, engages in exploration, development, and production of crude oil primarily in Russia. The company operates through four segments: Exploration and Production, Refining and Marketing, Petrochemical Products, and Banking. It has oil and gas fields located principally on the territory of Tatarstan in Russia. The company is also involved in the refining and marketing of crude oil and refined products; production and marketing of petrochemicals; and retailing activities. In addition, it produces and sells tires, and petrochemical raw materials and refined products used in production of tires. Further, the company sells oilfield equipment, and auxiliary petrochemical related services and materials. Additionally, it is involved in the banking activities. PJSC Tatneft was founded in 1950 and is headquartered in Almetyevsk, Russia.

Details
Name: PJSC Tatneft
ATAD
Exchange: WBAG
Founded: 1950
RUB22,312,325,574
2,250,716,200
Website: http://www.tatneft.ru
Address: PJSC Tatneft
75 Lenin Street,
Almetyevsk,
Tatarstan, 423450,
Russia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
MISX TATN Common Shares Micex - Rts RU RUB 15. Jan 1996
LSE ATAD ADR EACH REP 6 ORD SHS REGS London Stock Exchange GB USD 16. Nov 2006
MISX TATNP Preferred Shares Micex - Rts RU RUB 05. Aug 2002
OTCPK OAOF.Y ADR EACH REP 6 ORD SHS REGS Pink Sheets LLC US USD 16. Nov 2006
DB TTFB ADR EACH REP 6 ORD SHS REGS Deutsche Boerse AG DE EUR 16. Nov 2006
WBAG ATAD ADR EACH REP 6 ORD SHS REGS Wiener Boerse AG AT EUR 16. Nov 2006
BATS-CHIXE ATADL ADR EACH REP 6 ORD SHS REGS BATS 'Chi-X Europe' GB USD 16. Nov 2006
Number of employees
Current staff
Staff numbers
0
PJSC Tatneft employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/17 21:55
End of day share price update: 2019/03/15 00:00
Last estimates confirmation: 2019/03/11
Last earnings filing: 2018/11/30
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.