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Volga Gas

AIM:VGAS
Snowflake Description

Excellent balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
VGAS
AIM
£69M
Market Cap
  1. Home
  2. GB
  3. Energy
Company description

Volga Gas plc, through its subsidiaries, explores for, develops, and produces oil, gas, and condensate in the Volgograd and Saratov regions of Russia. The last earnings update was 16 days ago. More info.


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  • Volga Gas has significant price volatility in the past 3 months.
VGAS Share Price and Events
7 Day Returns
26.7%
AIM:VGAS
2.6%
GB Oil and Gas
1.5%
GB Market
1 Year Returns
56.9%
AIM:VGAS
16.9%
GB Oil and Gas
2.1%
GB Market
VGAS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Volga Gas (VGAS) 26.7% 71% 78.1% 56.9% 144.3% -12.3%
GB Oil and Gas 2.6% 6.4% 11.3% 16.9% 51.5% -2.7%
GB Market 1.5% 5.2% 9.7% 2.1% 17.8% 6.8%
1 Year Return vs Industry and Market
  • VGAS outperformed the Oil and Gas industry which returned 16.9% over the past year.
  • VGAS outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 2.1% over the past year.
Price Volatility
VGAS
Industry
5yr Volatility vs Market

VGAS Value

 Is Volga Gas 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 Volga Gas 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 Volga Gas.

AIM:VGAS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 7.8%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

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 AIM:VGAS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.96
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.959 (1 + (1- 19%) (1.86%))
0.982
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.98
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (0.982 * 6.65%)
7.76%

Discounted Cash Flow Calculation for AIM:VGAS using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Volga Gas 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.

AIM:VGAS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.76%)
2019 10.19 Est @ 10.21% 9.46
2020 10.96 Est @ 7.51% 9.44
2021 11.57 Est @ 5.63% 9.25
2022 12.07 Est @ 4.31% 8.95
2023 12.48 Est @ 3.38% 8.59
2024 12.82 Est @ 2.74% 8.19
2025 13.12 Est @ 2.28% 7.77
2026 13.37 Est @ 1.97% 7.36
2027 13.61 Est @ 1.74% 6.95
2028 13.82 Est @ 1.59% 6.55
Present value of next 10 years cash flows $82.51
AIM:VGAS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $13.82 × (1 + 1.23%) ÷ (7.76% – 1.23%)
$214.29
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $214.29 ÷ (1 + 7.76%)10
$101.52
AIM:VGAS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $82.51 + $101.52
$184.03
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $184.03 / 80.57
$2.28
AIM:VGAS Discount to Share Price
Calculation Result
Exchange Rate USD/GBP
(Reporting currency to currency of AIM:VGAS)
0.772
Value per Share
(GBP)
= Value per Share in USD x Exchange Rate (USD/GBP)
= $2.28 x 0.772
£1.76
Value per share (GBP) From above. £1.76
Current discount Discount to share price of £0.86
= -1 x (£0.86 - £1.76) / £1.76
51.5%

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

Current Discount
Amount off the current price Volga Gas is available for.
Intrinsic value
>50%
Share price is £0.86 vs Future cash flow value of £1.76
Current Discount Checks
For Volga Gas to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Volga Gas's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Volga Gas'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 Volga Gas's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Volga Gas's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:VGAS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.10
AIM:VGAS Share Price ** AIM (2019-04-24) in GBP £0.86
AIM:VGAS Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.295 $1.11
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry PE Ratio Median Figure of 32 Publicly-Listed Oil and Gas Companies 10.09x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 797 Publicly-Listed Companies 16.16x

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

** Primary Listing of Volga Gas.

AIM:VGAS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AIM:VGAS Share Price ÷ EPS (both in USD)

= 1.11 ÷ 0.10

10.67x

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

  • Volga Gas is overvalued based on earnings compared to the GB Oil and Gas industry average.
  • Volga Gas is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Volga Gas's expected growth come at a high price?
Raw Data
AIM:VGAS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.67x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
5.3%per year
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry PEG Ratio Median Figure of 19 Publicly-Listed Oil and Gas Companies 0.48x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 564 Publicly-Listed Companies 1.49x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Volga Gas, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Volga Gas's assets?
Raw Data
AIM:VGAS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $0.71
AIM:VGAS Share Price * AIM (2019-04-24) in GBP £0.86
AIM:VGAS Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.295 $1.11
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry PB Ratio Median Figure of 102 Publicly-Listed Oil and Gas Companies 0.85x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,367 Publicly-Listed Companies 1.52x
AIM:VGAS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AIM:VGAS Share Price ÷ Book Value per Share (both in USD)

= 1.11 ÷ 0.71

1.56x

* Primary Listing of Volga Gas.

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

  • Volga Gas is overvalued based on assets compared to the GB Oil and Gas industry average.
X
Value checks
We assess Volga Gas'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. Volga Gas 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.

VGAS Future Performance

 How is Volga Gas expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Volga Gas, future earnings growth has been estimated based on fundamentals.
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
5.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Volga Gas expected to grow at an attractive rate?
  • Volga Gas's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Volga Gas's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Unable to compare Volga Gas's revenue growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
AIM:VGAS Future Growth Rates Data Sources
Data Point Source Value (per year)
AIM:VGAS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 5.3%
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 14.2%
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 3%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 10.9%
United Kingdom of Great Britain and Northern Ireland 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
AIM:VGAS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:VGAS Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
AIM:VGAS Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 46 18 8
2018-09-30 35 16 4
2018-06-30 25 14 0
2018-03-31 25 10 0
2017-12-31 26 6 0
2017-09-30 31 8 2
2017-06-30 36 9 4
2017-03-31 33 11 2
2016-12-31 29 13 1
2016-09-30 25 11 0
2016-06-30 20 9 -2
2016-03-31 16 5 -3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Volga Gas's earnings are expected to grow by 5.3% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Volga Gas is high growth as no revenue estimate data is available.
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
AIM:VGAS 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 0 Analyst Estimates (S&P Global) See Below

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

AIM:VGAS Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
AIM:VGAS Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.10
2018-09-30 0.05
2018-06-30 0.01
2018-03-31 0.00
2017-12-31 0.00
2017-09-30 0.02
2017-06-30 0.04
2017-03-31 0.03
2016-12-31 0.01
2016-09-30 0.00
2016-06-30 -0.02
2016-03-31 -0.03

*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.
  • Unable to establish if Volga Gas will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Volga Gas'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 United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland 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.
Volga Gas has a total score of 1/6, 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.

VGAS Past Performance

  How has Volga Gas 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 Volga Gas'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.
  • Volga Gas's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Volga Gas's 1-year earnings growth exceeds its 5-year average (2446.7% vs -34.5%)
  • Volga Gas's earnings growth has exceeded the GB Oil and Gas industry average in the past year (2446.7% vs 179.6%).
Earnings and Revenue History
Volga Gas'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 Volga Gas Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:VGAS Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 45.88 8.40 7.39
2018-09-30 35.21 4.44 6.63
2018-06-30 24.54 0.47 5.87
2018-03-31 25.34 0.40 6.96
2017-12-31 26.13 0.33 8.05
2017-09-30 31.25 1.92 9.12
2017-06-30 36.36 3.51 10.19
2017-03-31 32.76 2.35 9.40
2016-12-31 29.16 1.19 8.60
2016-09-30 24.58 -0.21 7.13
2016-06-30 20.01 -1.60 5.66
2016-03-31 15.98 -2.83 4.68
2015-12-31 11.95 -4.06 3.70
2015-09-30 18.03 0.63 3.59
2015-06-30 24.12 5.33 3.48
2015-03-31 31.77 9.19 3.82
2014-12-31 39.42 13.06 4.16
2014-09-30 40.91 12.20 4.00
2014-06-30 42.39 11.35 3.85
2014-03-31 38.51 9.95 3.94
2013-12-31 34.62 8.56 4.03
2013-09-30 32.53 5.05 1.65
2013-06-30 30.43 1.54 -0.73
2013-03-31 29.36 -2.94 3.14
2012-12-31 28.30 -7.42 7.02
2012-09-30 28.05 -8.58 10.73
2012-06-30 27.81 -9.74 14.44

*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.
  • Volga Gas has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Volga Gas used its assets more efficiently than the GB Oil and Gas industry average last year based on Return on Assets.
  • Volga Gas has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Volga Gas'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.
Volga Gas has a total score of 4/6, 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.

VGAS Health

 How is Volga Gas'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 Volga Gas's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Volga Gas is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Volga Gas's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Volga Gas'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 11.1x 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 Volga Gas Company Filings, last reported 3 months ago.

AIM:VGAS Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 57.63 1.66 15.19
2018-09-30 57.63 1.66 15.19
2018-06-30 63.73 2.76 15.01
2018-03-31 63.73 2.76 15.01
2017-12-31 65.87 4.00 8.62
2017-09-30 65.87 4.00 8.62
2017-06-30 67.05 4.06 13.84
2017-03-31 67.05 4.06 13.84
2016-12-31 67.09 3.96 19.72
2016-09-30 67.09 3.96 19.72
2016-06-30 63.26 0.00 12.49
2016-03-31 63.26 0.00 12.49
2015-12-31 55.41 0.00 6.77
2015-09-30 55.41 0.00 6.77
2015-06-30 74.07 0.00 11.54
2015-03-31 74.07 0.00 11.54
2014-12-31 75.78 0.00 15.77
2014-09-30 75.78 0.00 15.77
2014-06-30 117.97 0.00 16.76
2014-03-31 117.97 0.00 16.76
2013-12-31 114.72 0.00 8.08
2013-09-30 114.72 0.00 8.08
2013-06-30 109.35 4.76 4.82
2013-03-31 109.35 4.76 4.82
2012-12-31 114.40 7.99 7.05
2012-09-30 114.40 7.99 7.05
2012-06-30 107.81 10.02 13.30
  • Volga Gas's level of debt (2.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 2.9% today).
  • Debt is well covered by operating cash flow (1099.5%, greater than 20% of total debt).
  • Volga Gas earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Volga Gas'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. Volga Gas has a total score of 5/6, 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.

VGAS Dividends

 What is Volga Gas'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
11.74%
Current annual income from Volga Gas dividends.
If you bought £2,000 of Volga Gas shares you are expected to receive £235 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?
  • Volga Gas's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.01%).
  • Volga Gas's dividend is above the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.14%).
Upcoming dividend payment

Purchase Volga Gas before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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
AIM:VGAS 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 0 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 4.6%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.1%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland 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.

AIM:VGAS Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
AIM:VGAS Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-04-08 0.130 14.898
2018-09-28 0.120 17.763
2018-04-30 0.000 0.000
2017-05-19 0.007 0.906
2016-09-28 0.000 0.000
2016-04-27 0.000 0.000
2016-04-01 0.000 0.000
2015-09-25 0.000 0.000
2015-06-05 0.025 2.712
2014-09-15 0.075 6.247

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

  • Volga Gas 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 Volga Gas only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of Volga Gas's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.8x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Volga Gas's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - 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 Volga Gas afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Volga Gas has a total score of 2/6, see the detailed checks below.


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

VGAS Management

 What is the CEO of Volga Gas'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
Andrey Zozulya
COMPENSATION $325,000
AGE 46
TENURE AS CEO 3.9 years
CEO Bio

Mr. Andrey Zozulya has been the Chief Executive Officer of Volga Gas plc since June 6, 2015 and has also been Director since May 5, 2015. Mr. Zozulya has over 20 years' experience in the oil sector in Russia both with major oil and oil service companies, including over 10 years with Schlumberger. He also has experience of operating in the Saratov region in which Volga Gas' operations are based. He has a degree in Geophysics and Engineering from the Groznensky Oil & Gas Institute and is a member of the Society of Petroleum Engineers.

CEO Compensation
  • Andrey's compensation has increased by more than 20% in the past year.
  • Andrey's remuneration is about average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Volga Gas management team in years:

2.8
Average Tenure
46
Average Age
  • The tenure for the Volga Gas management team is about average.
Management Team

Andrey Zozulya

TITLE
CEO & Executive Director
COMPENSATION
$325K
AGE
46
TENURE
3.9 yrs

Tony Alves

TITLE
Investor Relations Consultant
COMPENSATION
$166K
AGE
59
TENURE
2.8 yrs

Vadim Son

TITLE
Chief Financial Officer
AGE
40
TENURE
2.9 yrs

Konstantin Ruban

TITLE
Chief Technical Officer
TENURE
0.4 yrs

Mikhail Zenin

TITLE
Chief Officer GNS & PGK
TENURE
0.4 yrs

Olga Volonsevich

TITLE
Chief Ecologist
TENURE
2.8 yrs

Valeriy Merkulov

TITLE
Chief Geologist of Saratov Region
TENURE
2.8 yrs

Alexander Nikiforov

TITLE
Security Chief
TENURE
0.4 yrs
Board of Directors Tenure

Average tenure and age of the Volga Gas board of directors in years:

12.1
Average Tenure
51
Average Age
  • The average tenure for the Volga Gas board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Mikhail Ivanov

TITLE
Non-Executive Chairman
COMPENSATION
$120K
AGE
49
TENURE
3.8 yrs

Andrey Zozulya

TITLE
CEO & Executive Director
COMPENSATION
$325K
AGE
46
TENURE
3.9 yrs

Steven Ogden

TITLE
Independent Non-Executive Director
COMPENSATION
$100K
AGE
51
TENURE
12.1 yrs

Ron Freeman

TITLE
Independent Non-Executive Director
COMPENSATION
$100K
AGE
79
TENURE
12.1 yrs

Vladimir Koshcheev

TITLE
Independent Non-Executive Director
AGE
61
TENURE
12.6 yrs

Alexei Kalinin

TITLE
Non Executive Director
AGE
59
TENURE
12.6 yrs

Mike Calvey

TITLE
Non-Executive Director
AGE
51
TENURE
12.6 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 (£)
01. Oct 18 Buy Andrey Zozulya Individual 28. Sep 18 28. Sep 18 1,000 £0.55 £545
X
Management checks
We assess Volga Gas'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. Volga Gas 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.

VGAS News

Simply Wall St News

Why We Like Volga Gas plc’s (LON:VGAS) 17% Return On Capital Employed

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Return On Capital Employed (ROCE): What is it? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

Does Volga Gas plc's (LON:VGAS) CEO Pay Matter?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Andrey Zozulya's Compensation Compare With Similar Sized Companies. … We examined a group of similar sized companies, with market capitalizations of below US$200m

Simply Wall St -

A Closer Look At Volga Gas plc's (LON:VGAS) Uninspiring ROE

This article is for those who would like to learn about Return On Equity (ROE). … Another way to think of that is that for every £1 worth of equity in the company, it was able to earn £0.0073. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Should You Sell Volga Gas plc (LON:VGAS) At This PE Ratio?

and want to begin learning the link between Volga Gas plc (LON:VGAS)’s fundamentals and stock market performance. … Volga Gas plc (LON:VGAS) is trading with a trailing P/E of 169.9x, which is higher than the industry average of 18.2x. … While this makes VGAS appear like a stock to avoid or sell if you own it, you might change your mind after I explain the assumptions behind the P/E ratio

Simply Wall St -

Why You Need To Look At This Factor Before Buying Volga Gas plc (LON:VGAS)

Based on this beta value, VGAS appears to be a stock that an investor with a high-beta portfolio would look for to reduce risk exposure to the market. … VGAS, with its market capitalisation of UK£42.42M, is a small-cap stock, which generally have higher beta than similar companies of larger size. … An asset-heavy company tends to have a higher beta because the risk associated with running fixed assets during a downturn is highly expensive.

Simply Wall St -

Should You Be Concerned About Volga Gas plc's (LON:VGAS) Shareholders?

Therefore, it is beneficial for us to examine VGAS's ownership structure in more detail. … Check out our latest analysis for Volga Gas AIM:VGAS Ownership_summary May 9th 18 Institutional Ownership Institutions account for 24.64% of VGAS's outstanding shares, a significant enough holding to move stock prices if they start buying and selling in large quantities, especially when there are relatively small amounts of shares available on the market to trade. … Private Company Ownership Another group of owners that a potential investor in VGAS should consider are private companies, with a stake of 1.92%.

Simply Wall St -

Volga Gas plc (LON:VGAS): Can It Deliver A Superior ROE To The Industry?

Return on Equity = Net Profit ÷ Shareholders Equity ROE is measured against cost of equity in order to determine the efficiency of Volga Gas’s equity capital deployed. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity AIM:VGAS Last Perf May 1st 18 The first component is profit margin, which measures how much of sales is retained after the company pays for all its expenses. … Volga Gas’s below-industry ROE is disappointing, furthermore, its returns were not even high enough to cover its own cost of equity.

Simply Wall St -

Does Volga Gas plc's (LON:VGAS) -72.20% Earnings Drop Reflect A Longer Term Trend?

Check out our latest analysis for Volga Gas Was VGAS's recent earnings decline indicative of a tough track record? … For the purpose of this commentary, I like to use data from the most recent 12 months, which annualizes the most recent half-year data, or in some cases, the latest annual report is already the most recent financial year data. … For Volga Gas, its latest earnings (trailing twelve month) is US$330.00K, which, in comparison to the prior year's level, has declined by a significant -72.20%.

Simply Wall St -

Is Volga Gas plc (LON:VGAS) A Sell At Its Current PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for VGAS Price per share = $0.8 Earnings per share = $0.043 ∴ Price-Earnings Ratio = $0.8 ÷ $0.043 = 18.6x The P/E ratio isn’t a metric you view in isolation and only becomes useful when you compare it against other similar companies. … For example, if you accidentally compared lower growth firms with VGAS, then VGAS’s P/E would naturally be higher since investors would reward VGAS’s higher growth with a higher price. … Alternatively, if you inadvertently compared riskier firms with VGAS, VGAS’s P/E would again be higher since investors would reward VGAS’s lower risk with a higher price as well.

Simply Wall St -

What does Volga Gas plc's (LON:VGAS) Balance Sheet Tell Us About Its Future?

With this increase in debt, the current cash and short-term investment levels stands at US$19.72M for investing into the business. … On top of this, VGAS has generated US$13.28M in operating cash flow over the same time period, resulting in an operating cash to total debt ratio of 335.43%, signalling that VGAS’s current level of operating cash is high enough to cover debt. … In VGAS’s case, it is able to generate 3.35x cash from its debt capital.

Simply Wall St -

VGAS Company Info

Description

Volga Gas plc, through its subsidiaries, explores for, develops, and produces oil, gas, and condensate in the Volgograd and Saratov regions of Russia. It holds 100% interests in the Karpenskiy license covering an area of 4,180 square kilometers located in the Saratov region; Vostochny Makarovskoye (VM) license that covers an area of 17.8 square kilometers in the Volgograd region; Dobrinskoye license located near to its VM license; and Urozhainoye-2 license totaling an area of 354 square kilometers located to the north of its Karpenskiy license area. The company has proven and probable reserves of 39.8 million barrels of oil equivalent comprising 14.3 million barrels of oil and condensate; and 154 billion cubic feet of natural gas. Volga Gas plc was incorporated in 2006 and is based in London, the United Kingdom.

Details
Name: Volga Gas plc
VGAS
Exchange: AIM
Founded: 2006
£68,885,469
80,567,800
Website: http://www.volgagas.com
Address: Volga Gas plc
65 Gresham Street,
6th Floor,
London,
Greater London, EC2V 7NQ,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM VGAS Ordinary Shares London Stock Exchange AIM Market GB GBP 25. Apr 2007
DB KWW Ordinary Shares Deutsche Boerse AG DE EUR 25. Apr 2007
Number of employees
Current staff
Staff numbers
228
Volga Gas employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/24 21:24
End of day share price update: 2019/04/24 00:00
Last estimates confirmation: 2018/04/13
Last earnings filing: 2019/04/08
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.