SNGN Romgaz SA

BVB:SNG Stock Report

Market Cap: RON 50.8b

SNGN Romgaz Future Growth

Future criteria checks 4/6

SNGN Romgaz is forecast to grow earnings and revenue by 11.3% and 16% per annum respectively. EPS is expected to grow by 19.8% per annum. Return on equity is forecast to be 22.7% in 3 years.

Key information

11.3%

Earnings growth rate

19.76%

EPS growth rate

Oil and Gas earnings growth6.2%
Revenue growth rate16.0%
Future return on equity22.69%
Analyst coverage

Low

Last updated11 Jun 2026

Recent future growth updates

Recent updates

Narrative Update • Jun 04

SNG: Upcoming Shareholder Meetings Will Pressure Overvalued Shares Despite Rich Earnings Assumptions

Analysts now estimate SNGN Romgaz’s fair value at RON 8.98, up from RON 8.14, citing adjustments to revenue growth, profit margin assumptions, and future P/E expectations. What's in the News A special shareholders meeting is scheduled for April 29, 2026 at 13:00 E.
Narrative Update • Apr 29

SNG: April Shareholder Meetings Will Pressure Shares Despite Rich Earnings Assumptions

Analysts have lifted their price target for SNGN Romgaz from RON 7.94 to RON 8.14, citing updated assumptions around fair value, profit margins and forward P/E multiples. What's in the News SNGN Romgaz has scheduled a special or extraordinary shareholders meeting on April 16, 2026 at 13:00 E.
Narrative Update • Apr 15

SNG: Upcoming April Shareholder Meetings Will Pressure Shares Despite Rich Earnings Assumptions

Analysts kept their RON price target for SNGN Romgaz effectively unchanged, indicating that their views on fair value, discount rate, growth and P/E assumptions remain broadly consistent with prior estimates. What's in the News A special and extraordinary shareholders meeting is scheduled for April 16, 2026, at 13:00 E.
Narrative Update • Apr 01

SNG: Upcoming Shareholder Meetings Will Reinforce Concerns About Future Overvaluation

Analysts kept their RON fair value estimate for SNGN Romgaz unchanged at RON 7.15, explaining the stable price target by balancing slightly higher modeled revenue growth with a marginally lower profit margin and a small adjustment to the forward P/E assumption. What's in the News Special shareholders meeting scheduled for April 16, 2026, at 13:00 E.
Narrative Update • Mar 18

SNG: Upcoming Shareholder Meeting Will Pressure Shares Despite Rich Earnings Assumptions

Analysts now set a higher price target for SNGN Romgaz at RON7.94 versus RON7.70 previously, citing updated assumptions for revenue growth, profit margins, and future P/E as key drivers behind the revision. What's in the News A Special or Extraordinary Shareholders Meeting is scheduled for April 16, 2026, at 13:00 E.
Narrative Update • Mar 04

SNG: Future Profit Stability And Lower P/E Will Signal Overvaluation

Analysts have raised their fair value estimate for SNGN Romgaz from RON 5.21 to RON 7.15, reflecting updated assumptions that now factor in a shift from a 5.41% revenue contraction to 14.39% revenue growth expectations, a slightly lower discount rate of 12.30%, a stable profit margin near 38.06%, and a trimmed future P/E of 8.21. Valuation Changes Fair Value: updated from RON 5.21 to RON 7.15, representing a sizeable uplift in the estimated share value.
Narrative Update • Feb 18

SNG: Refined Discount Rate And Lower Future P/E Will Pressure Shares

Analysts have slightly adjusted their view on SNGN Romgaz, with the updated price target now reflecting a valuation consistent with an 8.2 RON fair value. This is supported by small refinements to the discount rate, revenue growth and future P/E assumptions.
Narrative Update • Feb 03

SNG: Upcoming Shareholder Meeting Will Likely Pressure Overvalued Share Price

Analysts have lifted their fair value estimate for SNGN Romgaz from €7.26 to €7.70, pointing to updated assumptions for revenue growth, profit margins, and future P/E levels as the key drivers of the change. What's in the News SNGN Romgaz has scheduled a Special and Extraordinary Shareholders Meeting for December 18, 2025, at 13:00 E.
Narrative Update • Jan 20

SNG: Upcoming Shareholder Meeting And Board Mandate Changes Will Pressure Shares

Analysts kept their fair value estimate for SNGN Romgaz unchanged, pointing to largely stable assumptions on the discount rate, revenue growth, profit margin, and future P/E as the basis for leaving their price target steady. What's in the News A Special / Extraordinary Shareholders Meeting is scheduled for December 18, 2025, at 13:00 Eastern Europe Standard Time, at SNGN Romgaz's Bucharest working point, 59 Grigore Alexandrescu Street, 5th floor, Bucharest, Romania (Key Developments).
Narrative Update • Jan 06

SNG: Boardroom Turnover And Contract Changes Will Likely Pressure Future Shares

Analysts have updated their view on SNGN Romgaz, setting a price target that reflects slightly lower revenue growth assumptions at 21.67%, a higher profit margin at 35.98%, and a modestly reduced future P/E of 8.30, while keeping fair value unchanged. What's in the News A special shareholders meeting is set for November 11, 2025 in Bucharest to vote on revoking current interim board members and electing a new board through a secret ballot (Key Developments).
Narrative Update • Dec 16

SNG: Higher Governance Uncertainty Will Likely Pressure Future Share Performance

The analyst consensus price target for SNGN Romgaz has been raised by roughly 11 percent, as analysts factor in stronger expected revenue growth and a modestly higher future earnings multiple, despite a slightly lower projected profit margin and a marginally higher discount rate. What's in the News SNGN Romgaz has scheduled a special and extraordinary shareholders meeting for November 11, 2025 in Bucharest to vote on revoking interim board members, electing a new board, and setting their mandate through March 16, 2027, alongside other business matters (company event notice).
Narrative Update • Dec 02

SNG: Upcoming Board Decisions Will Likely Weigh On Share Price Momentum

Analysts have modestly raised their price target on SNGN Romgaz, as ongoing improvements in projected revenue growth and profit margins support a recalibration of fair value to RON 7.26 per share. What's in the News A Memorandum of Understanding was signed between Electrica and Romgaz to jointly develop renewable energy production and storage capacities of up to 400 MW.
Narrative Update • Nov 18

SNG: Upcoming Shareholders Meetings May Undermine Investor Confidence Through Year End

Analysts have raised their price target for SNGN Romgaz from RON 7.10 to RON 7.26, citing modest improvements in fair value estimates and slight adjustments in growth assumptions. What's in the News Romgaz and Electrica signed a Memorandum of Understanding to jointly develop up to 400 MW of renewable energy capacity through Greenfield projects.
Narrative Update • Nov 03

SNG: Renewables Partnership Will Weigh On Future Overvaluation And Margins

Analysts have made a minor downward revision to SNGN Romgaz's price target, citing a slight decrease of less than 1% in their discount rate assumptions. They have maintained stable outlooks for revenue growth and profit margins.
Narrative Update • Oct 20

Neptun Deep Will Revitalize Romanian Gas While Facing Limits

Analysts have left their price target for SNGN Romgaz unchanged at €7.10, citing minimal adjustments to key forecast variables and as a result maintaining their current valuation outlook. What's in the News Electrica and Romgaz have signed a Memorandum of Understanding to jointly develop up to 400 MW of renewable energy production and storage capacity in Romania, focusing on Greenfield projects (Key Developments).
Narrative Update • Oct 05

Neptun Deep Will Revitalize Romanian Gas While Facing Limits

Analysts have raised their price target for SNGN Romgaz from RON 6.58 to RON 7.10, citing stronger projected revenue growth and a slight reduction in the discount rate as key factors behind the upward adjustment. What's in the News Romgaz and Electrica signed a Memorandum of Understanding to jointly develop up to 400 MW of renewable energy production and storage capacity, exclusively through Greenfield projects.
Narrative Update • Sep 20

Neptun Deep Will Revitalize Romanian Gas While Facing Limits

SNGN Romgaz's consensus analyst price target has risen to RON6.58, reflecting improved revenue growth forecasts and a slight increase in net profit margin. What's in the News Romgaz and Electrica signed a Memorandum of Understanding to jointly develop up to 400 MW of renewable energy production and storage through greenfield projects, with Electrica as main developer and Romgaz as minority partner.
Narrative Update • Aug 21

Neptun Deep Will Revitalize Romanian Gas While Facing Limits

With the consensus analyst price target, discount rate, and future P/E remaining virtually unchanged, fundamental expectations for SNGN Romgaz appear stable, resulting in a maintained fair value estimate of RON6.04. What's in the News Board meeting called to consider supplementing the agenda of the upcoming Ordinary General Meeting of Shareholders.
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New Narrative • Dec 15

GEO No91 And Price Cuts Will Erode Revenue And Shrink Net Margins

Reduced regulated gas prices and increased royalties could negatively affect Romgaz's revenue and net margins due to decreased income and increased operational costs.

Earnings and Revenue Growth Forecasts

BVB:SNG - Analysts future estimates and past financials data (RON Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202814,1915,6335,5616,6074
12/31/202710,9034,0252,8344,7374
12/31/20268,3883,472-2,2713,7874
3/31/20267,7833,355-1053,742N/A
12/31/20258,0263,333-543,588N/A
9/30/20258,3473,367-2193,321N/A
6/30/20258,2813,048623,514N/A
3/31/20258,0372,912-1,1152,190N/A
12/31/20247,9293,206-3472,653N/A
9/30/20247,8212,9172372,686N/A
6/30/20248,0022,9645112,460N/A
3/31/20248,3663,0871,6283,163N/A
12/31/20239,0022,8122,3453,432N/A
9/30/20239,3572,4782,1632,995N/A
6/30/202310,7612,5062,5692,988N/A
3/31/202312,3432,5374,2764,349N/A
12/31/202213,3602,5473,3553,452N/A
9/30/202213,1692,9963,5893,689N/A
6/30/202211,0992,8793,5703,663N/A
3/31/20228,4512,4312,8142,916N/A
12/31/20215,8531,9152,4762,568N/A
9/30/20214,6531,4622,5462,632N/A
6/30/20214,1321,2092,0792,172N/A
3/31/20213,9721,1402,0992,170N/A
12/31/20204,0751,2481,9702,037N/A
9/30/20204,2088461,7251,827N/A
6/30/20204,3999151,8311,955N/A
3/31/20204,7981,1202,0192,178N/A
12/31/20195,0801,090N/A2,432N/A
9/30/20195,3501,555N/A2,511N/A
6/30/20195,4041,559N/A2,414N/A
3/31/20195,2351,442N/A2,063N/A
12/31/20185,0041,366N/A2,143N/A
9/30/20184,7881,606N/A2,349N/A
6/30/20184,6671,699N/A2,607N/A
3/31/20184,5701,709N/A3,172N/A
12/31/20174,5851,804N/A2,751N/A
9/30/20174,2521,505N/A2,732N/A
6/30/20173,9541,297N/A2,123N/A
3/31/20173,5461,096N/A1,504N/A
12/31/20163,4121,025N/A1,744N/A
9/30/20163,521933N/A1,607N/A
6/30/20163,6671,043N/A1,820N/A
3/31/20164,0511,121N/A2,081N/A
12/31/20154,0531,194N/A2,131N/A
9/30/20154,1401,271N/A1,788N/A
6/30/20154,2021,306N/A1,895N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SNG's forecast earnings growth (11.3% per year) is above the savings rate (6.8%).

Earnings vs Market: SNG's earnings (11.3% per year) are forecast to grow faster than the RO market (8% per year).

High Growth Earnings: SNG's earnings are forecast to grow, but not significantly.

Revenue vs Market: SNG's revenue (16% per year) is forecast to grow faster than the RO market (5.7% per year).

High Growth Revenue: SNG's revenue (16% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: SNG's Return on Equity is forecast to be high in 3 years time (22.7%)

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/11 15:16
End of Day Share Price 2026/06/11 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

SNGN Romgaz SA is covered by 11 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Alexander BurganskyDeutsche Bank
Tamas PletserErste Group Bank AG
Geydar MamedovGoldman Sachs