Executive Summary
AS Latvijas Gaze engages in the purchase, trading, distribution, and sale of natural gas in Latvia, Lithuania, and Estonia.
Snowflake Analysis
Excellent balance sheet and fair value.
Share Price & News
How has AS Latvijas Gaze's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: UMA has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-1.6%
UMA
-0.2%
DE Gas Utilities
1.0%
DE Market
1 Year Return
-8.8%
UMA
5.2%
DE Gas Utilities
16.4%
DE Market
Return vs Industry: UMA underperformed the German Gas Utilities industry which returned 5.2% over the past year.
Return vs Market: UMA underperformed the German Market which returned 16.4% over the past year.
Shareholder returns
| UMA | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.6% | -0.2% | 1.0% |
| 30 Day | -2.6% | -5.1% | -0.4% |
| 90 Day | -3.1% | -0.5% | 6.5% |
| 1 Year | -3.5%-8.8% | 10.2%5.2% | 20.0%16.4% |
| 3 Year | 68.1%12.0% | 43.9%25.1% | 19.9%9.3% |
| 5 Year | 83.8%5.0% | 55.8%16.6% | 40.8%21.7% |
Price Volatility Vs. Market
How volatile is AS Latvijas Gaze's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is AS Latvijas Gaze undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: UMA (€9.3) is trading below our estimate of fair value (€192.76)
Significantly Below Fair Value: UMA is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: UMA is poor value based on its PE Ratio (41.2x) compared to the Gas Utilities industry average (15.6x).
PE vs Market: UMA is poor value based on its PE Ratio (41.2x) compared to the German market (20.9x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate UMA's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: UMA is good value based on its PB Ratio (1.3x) compared to the XE Gas Utilities industry average (1.3x).
Next Steps
Future Growth
How is AS Latvijas Gaze forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
4.5%
Forecasted Utilities industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as AS Latvijas Gaze has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Examine whether AS Latvijas Gaze is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- AS Latvijas Gaze competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Utilities industry.
Past Performance
How has AS Latvijas Gaze performed over the past 5 years?
-12.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: UMA has high quality earnings.
Growing Profit Margin: UMA's current net profit margins (2.7%) are lower than last year (8.4%).
Past Earnings Growth Analysis
Earnings Trend: UMA's earnings have declined by -12.8% per year over the past 5 years.
Accelerating Growth: UMA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: UMA had negative earnings growth (-65%) over the past year, making it difficult to compare to the Gas Utilities industry average (11.9%).
Return on Equity
High ROE: UMA's Return on Equity (3.2%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is AS Latvijas Gaze's financial position?
Financial Position Analysis
Short Term Liabilities: UMA's short term assets (€132.6M) exceed its short term liabilities (€39.0M).
Long Term Liabilities: UMA's short term assets (€132.6M) exceed its long term liabilities (€46.9M).
Debt to Equity History and Analysis
Debt Level: UMA's debt to equity ratio (11.4%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if UMA's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: UMA's debt is well covered by operating cash flow (217.9%).
Interest Coverage: UMA's interest payments on its debt are well covered by EBIT (26x coverage).
Balance Sheet
Inventory Level: UMA has a high level of physical assets or inventory.
Debt Coverage by Assets: UMA's debt is covered by short term assets (assets are 4x debt).
Next Steps
Dividend
What is AS Latvijas Gaze's current dividend yield, its reliability and sustainability?
5.73%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: UMA's dividend (5.73%) is higher than the bottom 25% of dividend payers in the German market (1.37%).
High Dividend: UMA's dividend (5.73%) is in the top 25% of dividend payers in the German market (3.59%)
Stability and Growth of Payments
Stable Dividend: UMA's dividend payments have been volatile in the past 10 years.
Growing Dividend: UMA's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (180.4%), UMA's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
What is the CEO of AS Latvijas Gaze's salary, the management and board of directors tenure and is there insider trading?
3.9yrs
Average board tenure
CEO
AS Latvijas Gaze has no CEO, or we have no data on them.
Board Age and Tenure
3.9yrs
Average Tenure
50.5yo
Average Age
Experienced Board: UMA's board of directors are considered experienced (3.9 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.6%.
Management Team
Elita Dreimane (51yo)
Member of Management Board
- Tenure: 2yrs
Madara Pundure
Head of Finance & Accounting Division
- Tenure: 0yrs
Board Members
Juris Savickis (73yo)
Vice-Chairman of the Council
- Tenure: 0yrs
Kirill Seleznev (45yo)
Chairman of the Council
- Tenure: 16.8yrs
Aigars Kalvitis (53yo)
Chairman
- Tenure: 4.3yrs
Nicolás Cook (56yo)
Member of the Council
- Tenure: 3.8yrs
Matthias Kohlenbach (50yo)
Member of the Council
- Tenure: 3.9yrs
Mikhaylova Nazarov (42yo)
Member of the Council
- Tenure: 6.4yrs
Oliver Giese (52yo)
Deputy Chairman of the Council
- Tenure: 4.4yrs
Sebastian Gröblinghoff (40yo)
Deputy Chairman of the Board
- Tenure: 3.3yrs
Elita Dreimane (51yo)
Member of Management Board
- Tenure: 2yrs
Denis Emelyanov (40yo)
Second Vice-Chairman of the Board
- Tenure: 1.3yrs
Company Information
AS Latvijas Gaze's company bio, employee growth, exchange listings and data sources
Key Information
- Name: AS Latvijas Gaze
- Ticker: UMA
- Exchange: DB
- Founded:
- Industry: Gas Utilities
- Sector: Utilities
- Market Cap: €383.040m
- Shares outstanding: 39.90m
- Website: https://lg.lv
Number of Employees
Location
- AS Latvijas Gaze
- 6 Aristida Briana Street
- Riga
- 1001
- Latvia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| GZE1R | RISE (OMX Nordic Exchange Riga) | Yes | Public Bearer Shares | LV | EUR | Apr 1999 |
| 0J4R | LSE (London Stock Exchange) | Yes | Public Bearer Shares | GB | EUR | Apr 1999 |
| UMA | DB (Deutsche Boerse AG) | Yes | Public Bearer Shares | DE | EUR | Apr 1999 |
Biography
AS Latvijas Gaze engages in the purchase, trading, distribution, and sale of natural gas in Latvia, Lithuania, and Estonia. It operates through natural gas sales & trading, and natural gas distribution seg ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/09 21:32 |
| End of Day Share Price | 2019/12/09 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.