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S.N.G.N. RomGaz

DB:RZ8G
Snowflake Description

Flawless balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RZ8G
DB
RON13B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

S.N.G.N. RomGaz S.A. engages in the exploration, development, and production of natural gas resources in Romania. The last earnings update was 63 days ago. More info.


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RZ8G Share Price and Events
7 Day Returns
-1.4%
DB:RZ8G
1.9%
DE Oil and Gas
2.4%
DE Market
1 Year Returns
-15%
DB:RZ8G
15.9%
DE Oil and Gas
-6.2%
DE Market
RZ8G Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
S.N.G.N. RomGaz (RZ8G) -1.4% 9.7% 17.2% -15% 30% -7.3%
DE Oil and Gas 1.9% 1.7% 10.4% 15.9% 4.1% 49.1%
DE Market 2.4% 3% 7.4% -6.2% 9.6% 14.1%
1 Year Return vs Industry and Market
  • RZ8G underperformed the Oil and Gas industry which returned 15.9% over the past year.
  • RZ8G underperformed the Market in Germany which returned -6.2% over the past year.
Price Volatility
RZ8G
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for S.N.G.N. RomGaz's competitors could be found in our database.

RZ8G Value

 Is S.N.G.N. RomGaz 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 S.N.G.N. RomGaz 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

Below are the data sources, inputs and calculation used to determine the intrinsic value for S.N.G.N. RomGaz.

DB:RZ8G Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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 DB:RZ8G
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.953 (1 + (1- 16%) (0%))
0.969
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)
= 0.23% + (0.969 * 5.96%)
6%

Discounted Cash Flow Calculation for DB:RZ8G using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for S.N.G.N. RomGaz 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.

DB:RZ8G DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (RON, Millions) Source Present Value
Discounted (@ 6%)
2019 904.00 Analyst x2 852.82
2020 1,082.03 Analyst x3 962.98
2021 1,208.50 Analyst x2 1,014.64
2022 1,638.20 Analyst x2 1,297.54
2023 1,760.50 Analyst x2 1,315.46
2024 1,850.45 Est @ 5.11% 1,304.39
2025 1,917.90 Est @ 3.65% 1,275.40
2026 1,968.15 Est @ 2.62% 1,234.71
2027 2,005.59 Est @ 1.9% 1,186.96
2028 2,033.67 Est @ 1.4% 1,135.44
Present value of next 10 years cash flows RON11,580.34
DB:RZ8G DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= RON2,033.67 × (1 + 0.23%) ÷ (6% – 0.23%)
RON35,305.04
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= RON35,305.04 ÷ (1 + 6%)10
RON19,711.50
DB:RZ8G Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= RON11,580.34 + RON19,711.50
RON31,291.84
Equity Value per Share
(RON)
= Total value / Shares Outstanding
= RON31,291.84 / 385.42
RON81.19
DB:RZ8G Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:RZ8G represents 0.20268x of BVB:SNG
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.20268x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (RON) x Listing Adjustment Factor
= RON 81.19 x 0.20268
€16.46
Value per share (EUR) From above. €16.46
Current discount Discount to share price of €6.80
= -1 x (€6.80 - €16.46) / €16.46
58.7%

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

Current Discount
Amount off the current price S.N.G.N. RomGaz is available for.
Intrinsic value
>50%
Share price is €6.8 vs Future cash flow value of €16.46
Current Discount Checks
For S.N.G.N. RomGaz to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • S.N.G.N. RomGaz's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • S.N.G.N. RomGaz's share price is below the future cash flow value, and 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 S.N.G.N. RomGaz's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are S.N.G.N. RomGaz's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:RZ8G PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in RON RON3.69
BVB:SNG Share Price ** BVB (2019-04-18) in RON RON33.55
Germany Oil and Gas Industry PE Ratio Median Figure of 5 Publicly-Listed Oil and Gas Companies 17.21x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.67x

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

** Primary Listing of S.N.G.N. RomGaz.

DB:RZ8G PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BVB:SNG Share Price ÷ EPS (both in RON)

= 33.55 ÷ 3.69

9.09x

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

  • S.N.G.N. RomGaz is good value based on earnings compared to the DE Oil and Gas industry average.
  • S.N.G.N. RomGaz is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does S.N.G.N. RomGaz's expected growth come at a high price?
Raw Data
DB:RZ8G PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.09x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
-2.5%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 57 Publicly-Listed Oil and Gas Companies 0.99x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

DB:RZ8G PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.09x ÷ -2.5%

-3.59x

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

  • S.N.G.N. RomGaz earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on S.N.G.N. RomGaz's assets?
Raw Data
DB:RZ8G PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in RON RON19.50
BVB:SNG Share Price * BVB (2019-04-18) in RON RON33.55
Germany Oil and Gas Industry PB Ratio Median Figure of 7 Publicly-Listed Oil and Gas Companies 0.89x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.85x
DB:RZ8G PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BVB:SNG Share Price ÷ Book Value per Share (both in RON)

= 33.55 ÷ 19.50

1.72x

* Primary Listing of S.N.G.N. RomGaz.

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

  • S.N.G.N. RomGaz is overvalued based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess S.N.G.N. RomGaz'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. S.N.G.N. RomGaz has a total score of 4/6, 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.

RZ8G Future Performance

 How is S.N.G.N. RomGaz expected to perform in the next 1 to 3 years based on estimates from 5 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
-2.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is S.N.G.N. RomGaz expected to grow at an attractive rate?
  • S.N.G.N. RomGaz's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.2%.
Growth vs Market Checks
  • S.N.G.N. RomGaz's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • S.N.G.N. RomGaz's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:RZ8G Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:RZ8G Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts -2.5%
DB:RZ8G Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 2.8%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 8%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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
DB:RZ8G Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in RON Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:RZ8G Future Estimates Data
Date (Data in RON Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 5,711 1
2022-12-31 5,532 1
2021-12-31 5,095 2,238 3
2020-12-31 4,822 2,057 1,365 4
2019-12-31 4,593 1,691 1,344 5
DB:RZ8G Past Financials Data
Date (Data in RON Millions) Revenue Cash Flow Net Income *
2018-12-31 5,001 2,143 1,428
2018-09-30 4,788 2,397 1,688
2018-06-30 4,667 2,655 1,765
2018-03-31 4,570 3,220 1,772
2017-12-31 4,585 2,799 1,855
2017-09-30 4,252 2,732 1,505
2017-06-30 3,954 2,123 1,297
2017-03-31 3,546 1,504 1,096
2016-12-31 3,412 1,744 1,025
2016-09-30 3,521 1,607 933
2016-06-30 3,667 1,820 1,043
2016-03-31 4,051 2,081 1,121

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • S.N.G.N. RomGaz's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • S.N.G.N. RomGaz's revenue is expected to grow by 2.8% 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
DB:RZ8G Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from S.N.G.N. RomGaz Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:RZ8G Future Estimates Data
Date (Data in RON Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31 3.54 3.61 3.47 2.00
2019-12-31 3.49 3.56 3.41 2.00
DB:RZ8G Past Financials Data
Date (Data in RON Millions) EPS *
2018-12-31 3.69
2018-09-30 4.41
2018-06-30 4.60
2018-03-31 4.57
2017-12-31 4.80
2017-09-30 3.97
2017-06-30 3.41
2017-03-31 2.89
2016-12-31 2.70
2016-09-30 2.42
2016-06-30 2.71
2016-03-31 2.91

*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.
  • S.N.G.N. RomGaz is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess S.N.G.N. RomGaz'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.
S.N.G.N. RomGaz has a total score of 0/6, 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.

RZ8G Past Performance

  How has S.N.G.N. RomGaz 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 S.N.G.N. RomGaz'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.
  • S.N.G.N. RomGaz's year on year earnings growth rate has been positive over the past 5 years.
  • S.N.G.N. RomGaz's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • S.N.G.N. RomGaz's 1-year earnings growth is negative, it can't be compared to the Europe Oil and Gas industry average.
Earnings and Revenue History
S.N.G.N. RomGaz'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 S.N.G.N. RomGaz Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:RZ8G Past Revenue, Cash Flow and Net Income Data
Date (Data in RON Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 5,001.24 1,428.38 738.77
2018-09-30 4,788.15 1,687.51 675.20
2018-06-30 4,667.48 1,765.00 654.03
2018-03-31 4,569.99 1,772.36 624.79
2017-12-31 4,585.19 1,854.75 562.88
2017-09-30 4,251.99 1,504.61 558.58
2017-06-30 3,954.18 1,296.77 532.30
2017-03-31 3,545.90 1,096.14 500.73
2016-12-31 3,411.87 1,024.58 498.11
2016-09-30 3,521.10 932.66 509.28
2016-06-30 3,667.48 1,042.94 513.58
2016-03-31 4,050.71 1,120.56 515.33
2015-12-31 4,052.68 1,194.29 511.65
2015-09-30 4,139.68 1,271.22 557.75
2015-06-30 4,202.11 1,305.53 538.21
2015-03-31 4,409.52 1,364.54 522.51
2014-12-31 4,493.34 1,409.88 522.79
2014-09-30 4,593.99 1,312.66 498.68
2014-06-30 4,519.47 1,244.13 530.80
2014-03-31 4,187.15 1,271.16 579.33
2013-12-31 3,894.27 995.55 562.80
2013-09-30 3,551.99 938.75 537.69
2013-06-30 3,546.89 944.53 522.56
2013-03-31 3,898.26 1,053.44 482.18
2012-12-31 3,837.94 1,119.18 503.04

*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.
  • S.N.G.N. RomGaz has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • S.N.G.N. RomGaz used its assets more efficiently than the DE Oil and Gas industry average last year based on Return on Assets.
  • S.N.G.N. RomGaz has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess S.N.G.N. RomGaz'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.
S.N.G.N. RomGaz has a total score of 3/6, 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.

RZ8G Health

 How is S.N.G.N. RomGaz'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 S.N.G.N. RomGaz's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • S.N.G.N. RomGaz is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • S.N.G.N. RomGaz's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of S.N.G.N. RomGaz'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.
  • S.N.G.N. RomGaz has no debt, it does not need to be covered by short term assets.
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 S.N.G.N. RomGaz Company Filings, last reported 3 months ago.

DB:RZ8G Past Debt and Equity Data
Date (Data in RON Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 7,757.93 0.00 1,448.08
2018-09-30 8,079.59 0.00 1,883.66
2018-06-30 7,850.80 0.00 3,626.56
2018-03-31 9,793.59 0.00 3,425.04
2017-12-31 9,310.88 0.00 3,006.84
2017-09-30 9,387.94 0.00 3,149.38
2017-06-30 9,071.81 0.00 4,226.08
2017-03-31 10,242.05 0.00 3,443.42
2016-12-31 9,676.16 0.00 3,165.17
2016-09-30 9,365.28 0.00 2,438.47
2016-06-30 9,266.85 0.00 3,585.70
2016-03-31 10,181.54 0.00 3,391.72
2015-12-31 9,692.22 0.00 2,875.21
2015-09-30 9,473.27 0.00 2,467.26
2015-06-30 9,264.55 0.00 3,652.53
2015-03-31 10,275.06 0.00 3,322.14
2014-12-31 9,712.02 0.00 2,856.83
2014-09-30 9,416.13 0.00 2,880.20
2014-06-30 9,173.10 0.00 3,702.41
2014-03-31 9,901.16 0.00 3,041.00
2013-12-31 9,292.77 0.00 2,534.25
2013-09-30 9,083.92 0.00 2,353.55
2013-06-30 8,909.41 0.00 2,457.39
2013-03-31 9,344.76 0.00 2,667.57
2012-12-31 9,344.76 0.00 2,667.57
  • S.N.G.N. RomGaz has no debt.
  • S.N.G.N. RomGaz has not taken on any debt in the past 5 years.
  • S.N.G.N. RomGaz has no debt, it does not need to be covered by operating cash flow.
  • S.N.G.N. RomGaz has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess S.N.G.N. RomGaz'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. S.N.G.N. RomGaz 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.

RZ8G Dividends

 What is S.N.G.N. RomGaz'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
18.75%
Current annual income from S.N.G.N. RomGaz dividends. Estimated to be 9.57% next year.
If you bought €2,000 of S.N.G.N. RomGaz shares you are expected to receive €375 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?
  • S.N.G.N. RomGaz's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • S.N.G.N. RomGaz's dividend is above the markets top 25% of dividend payers in Germany (3.7%).
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
DB:RZ8G 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 5 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 61 Stocks 5.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

DB:RZ8G Future Dividends Estimate Data
Date (Data in RON) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 3.04 1.00
2022-12-31 3.25 2.00
2021-12-31 3.40 3.00
2020-12-31 3.20 4.00
2019-12-31 3.00 2.00
DB:RZ8G Past Annualized Dividends Data
Date (Data in RON) Dividend per share (annual) Avg. Yield (%)
2018-11-15 6.290 20.006
2018-11-07 6.290 17.946
2018-04-26 4.990 14.692
2017-10-30 3.820 11.218
2017-04-26 3.820 12.420
2016-07-04 2.700 10.759
2015-08-14 3.150 11.851
2015-05-12 3.150 8.989
2015-04-29 3.150 8.718
2014-03-26 2.600 7.546
2013-11-13 2.770 8.188
2013-11-12 2.770 8.052

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

  • Whilst dividend payments have been stable, S.N.G.N. RomGaz has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but S.N.G.N. RomGaz only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of S.N.G.N. RomGaz's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.2x coverage).
X
Income/ dividend checks
We assess S.N.G.N. RomGaz's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 S.N.G.N. RomGaz afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. S.N.G.N. RomGaz has a total score of 3/6, see the detailed checks below.


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

RZ8G Management

 What is the CEO of S.N.G.N. RomGaz'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
Adrian Volintiru
TENURE AS CEO 0.8 years
CEO Bio

Mr. Adrian Constantin Volintiru serves as the Chief Executive Officer of S.N.G.N. RomGaz S.A. and was its Director General since June 15, 2018. Mr. Volintiru serves as Executive Director at S.N.G.N. RomGaz S.A. Mr. Volintiru served as Director of S.N.G.N. RomGaz S.A from April 2013 to June 2014.

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

Adrian Volintiru

TITLE
CEO & Non-Independent Member
TENURE
0.8 yrs

Andrei Bobar

TITLE
CFO & Economic Director
TENURE
1.4 yrs

Mircea Birsan

TITLE
Technical Director
AGE
46

Manuela Ogrinja

TITLE
Head of Investor Relations

Ioan Stan

TITLE
Director of the Human Resources Management Department
AGE
63

Corin Cindrea

TITLE
Deputy Director General
AGE
45

Marius Veza

TITLE
Head of Treasury Department

Nicu-Romeo Susanu

TITLE
Secretary
Board of Directors Tenure

Average tenure and age of the S.N.G.N. RomGaz board of directors in years:

0.9
Average Tenure
53.5
Average Age
  • The average tenure for the S.N.G.N. RomGaz board of directors is less than 3 years, this suggests a new board.
Board of Directors

Nistoran Dorin-Liviu

TITLE
Non-Executive Independent Chairman
AGE
50
TENURE
0.9 yrs

Adrian Volintiru

TITLE
CEO & Non-Independent Member
TENURE
6 yrs

Peter Jansen

TITLE
Non-Executive Independent Member
AGE
57
TENURE
0.8 yrs

Grigorescu Remus

TITLE
Non-Executive Independent Director
AGE
48
TENURE
1.6 yrs

Ciobanu Cristian

TITLE
Independent Non-Executive Director
AGE
57
TENURE
1.6 yrs

Ungur Ramona

TITLE
Non-Executive Director
TENURE
0.8 yrs

Jude Marius

TITLE
Non-Executive & Non-Independent Director
TENURE
0.8 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 S.N.G.N. RomGaz'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. S.N.G.N. RomGaz 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.

RZ8G News

Simply Wall St News

RZ8G Company Info

Description

S.N.G.N. RomGaz S.A. engages in the exploration, development, and production of natural gas resources in Romania. The company carries its exploration-development-production activities in eight blocks. It engages in the geological research for the discovery of natural gas, crude oil, and condensed reserves; trading of mineral resources; and underground storage of natural gas. In addition, it is involved in the transportation of general goods and persons; well recompletions jobs, workover and special well operations, and production tests in natural gas wells; and production of electricity with installed capacity of L800 MV. The company was founded in 1909 and is headquartered in Medias, Romania.

Details
Name: S.N.G.N. RomGaz S.A.
RZ8G
Exchange: DB
Founded: 1909
RON2,713,423,978
385,422,400
Website: http://www.romgaz.ro
Address: S.N.G.N. RomGaz S.A.
P-ta C.I. Motas, nr.4,
Medias,
551130,
Romania
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BVB SNG Ordinary Shares Bucharest Stock Exchange RO RON 12. Nov 2013
LSE 0QHQ Ordinary Shares London Stock Exchange GB RON 12. Nov 2013
DB RZ8G SPON GDR REG S Deutsche Boerse AG DE EUR 12. Nov 2013
LSE SNGR SPON GDR REG S London Stock Exchange GB USD 12. Nov 2013
Number of employees
Current staff
Staff numbers
6,137
S.N.G.N. RomGaz employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 21:48
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/11
Last earnings filing: 2019/02/15
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.