AIM:VGAS

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

Volga Gas plc, through its subsidiaries, explores, develops, and produces oil, gas, condensate, and liquid petroleum gas in the Volgograd and Saratov regions of Russia. More Details


Snowflake Analysis

Flawless balance sheet and slightly overvalued.

Share Price & News

How has Volga Gas's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: VGAS has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.9%

VGAS

-1.9%

GB Oil and Gas

-1.0%

GB Market


1 Year Return

-22.1%

VGAS

-44.8%

GB Oil and Gas

-14.8%

GB Market

Return vs Industry: VGAS exceeded the UK Oil and Gas industry which returned -43.7% over the past year.

Return vs Market: VGAS underperformed the UK Market which returned -14.5% over the past year.


Shareholder returns

VGASIndustryMarket
7 Day-1.9%-1.9%-1.0%
30 Day8.2%-9.0%-1.6%
90 Day12.8%-18.2%-3.6%
1 Year-22.1%-22.1%-41.9%-44.8%-11.6%-14.8%
3 Year-47.5%-54.3%-26.6%-36.6%-8.9%-20.2%
5 Year-23.1%-38.4%-0.1%-20.8%16.2%-10.0%

Price Volatility Vs. Market

How volatile is Volga Gas's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Volga Gas undervalued compared to its fair value and its price relative to the market?

23.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: VGAS (£0.27) is trading below our estimate of fair value (£0.35)

Significantly Below Fair Value: VGAS is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: VGAS is unprofitable, so we can't compare its PE Ratio to the GB Oil and Gas industry average.

PE vs Market: VGAS is unprofitable, so we can't compare its PE Ratio to the UK market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate VGAS's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: VGAS's PB Ratio (0.8x) is in line with the GB Oil and Gas industry average.


Next Steps

Future Growth

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

50.2%

Forecasted Energy 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 Volga Gas 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

Past Performance

How has Volga Gas performed over the past 5 years?

-37.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: VGAS is currently unprofitable.

Growing Profit Margin: VGAS is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: VGAS is unprofitable, and losses have increased over the past 5 years at a rate of 37.5% per year.

Accelerating Growth: Unable to compare VGAS's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: VGAS is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-30.4%).


Return on Equity

High ROE: VGAS has a negative Return on Equity (-43.27%), as it is currently unprofitable.


Next Steps

Financial Health

How is Volga Gas's financial position?


Financial Position Analysis

Short Term Liabilities: VGAS's short term assets ($12.8M) exceed its short term liabilities ($4.2M).

Long Term Liabilities: VGAS's short term assets ($12.8M) exceed its long term liabilities ($296.0K).


Debt to Equity History and Analysis

Debt Level: VGAS is debt free.

Reducing Debt: VGAS had no debt 5 years ago.

Debt Coverage: VGAS has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: VGAS has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Volga Gas's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate VGAS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate VGAS's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if VGAS's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if VGAS's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: VGAS is not paying a notable dividend for the UK market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of VGAS's dividend in 3 years as they are not forecast to pay a notable one for the UK market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.3yrs

Average management tenure


CEO

Andrey Zozulya (48 yo)

5.33yrs

Tenure

US$396,000

Compensation

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 experience in the oil sector in Russia both with ma ...


CEO Compensation Analysis

Compensation vs Market: Andrey's total compensation ($USD396.00K) is about average for companies of similar size in the UK market ($USD356.88K).

Compensation vs Earnings: Andrey's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Andrey Zozulya
CEO & Executive Director5.33yrsUS$396.00k0.65%
$ 138.2k
Vadim Son
Chief Financial Officer4.42yrsno datano data
Konstantin Ruban
Chief Technical Officer1.92yrsno datano data
Mikhail Zenin
Chief Officer GNS & PGK1.92yrsno datano data
Olga Volonsevich
Chief Ecologist4.25yrsno datano data

4.3yrs

Average Tenure

Experienced Management: VGAS's management team is considered experienced (4.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Andrey Zozulya
CEO & Executive Director5.33yrsUS$396.00k0.65%
$ 138.2k
Aleksey Kalinin
Non Executive Director14.08yrsno datano data
Andrei Yakovlev
Independent Non-Executive Director0.58yrno datano data
Stephen Ogden
Non-Executive Director13.58yrsUS$50.00k0.25%
$ 54.3k
Mikhail Ivanov
Non-Executive Chairman5.33yrsUS$120.00k1.24%
$ 265.0k
Stewart Dickson
Independent Non-Executive Director0.58yrno datano data

5.4yrs

Average Tenure

50.5yo

Average Age

Experienced Board: VGAS's board of directors are considered experienced (5.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Volga Gas plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Volga Gas plc
  • Ticker: VGAS
  • Exchange: AIM
  • Founded: 2006
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: UK£21.417m
  • Shares outstanding: 80.82m
  • Website: https://www.volgagas.com

Number of Employees


Location

  • Volga Gas plc
  • 65 Gresham Street
  • 6th Floor
  • London
  • Greater London
  • EC2V 7NQ
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
VGASAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPApr 2007
KWWDB (Deutsche Boerse AG)YesOrdinary SharesDEEURApr 2007

Biography

Volga Gas plc, through its subsidiaries, explores, develops, and produces oil, gas, condensate, and liquid petroleum gas in the Volgograd and Saratov regions of Russia. It holds 100% interests in the Karpe ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/20 20:31
End of Day Share Price2020/10/20 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.