Naftna Industrija Srbije a.d Future Growth

Future criteria checks 2/6

Naftna Industrija Srbije a.d is forecast to grow earnings and revenue by 5.3% and 12.7% per annum respectively. EPS is expected to grow by 1.5% per annum. Return on equity is forecast to be 9.9% in 3 years.

Key information

5.3%

Earnings growth rate

1.5%

EPS growth rate

Oil and Gas earnings growth	1.3%
Revenue growth rate	12.7%
Future return on equity	9.9%
Analyst coverage	Low
Last updated	28 Mar 2024

Recent future growth updates

Recent updates

New Forecasts: Here's What Analysts Think The Future Holds For Naftna Industrija Srbije a.d. (BELEX:NIIS)

Mar 29

We Think Naftna Industrija Srbije a.d (BELEX:NIIS) Can Stay On Top Of Its Debt

Mar 19

We Think That There Are More Issues For Naftna Industrija Srbije a.d (BELEX:NIIS) Than Just Sluggish Earnings

Feb 08

Naftna Industrija Srbije a.d.'s (BELEX:NIIS) Intrinsic Value Is Potentially 19% Below Its Share Price

Mar 17

Here's How Much Naftna Industrija Srbije a.d (BELEX:NIIS) Has Returned To Its Shareholders Over The Past Five Years

Feb 17

Something To Consider Before Buying Naftna Industrija Srbije a.d. (BELEX:NIIS) For The 6.3% Dividend

Jan 15

Does Naftna Industrija Srbije a.d (BELEX:NIIS) Have A Healthy Balance Sheet?

Dec 03

Earnings and Revenue Growth Forecasts

BELEX:NIIS - Analysts future estimates and past financials data (RSD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	612,997	42,046	25,405	64,938	1
12/31/2025	607,997	41,830	19,063	57,474	1
12/31/2024	568,650	42,421	37,157	63,809	1
3/31/2024	402,670	34,844	-35,099	13,002	N/A
12/31/2023	412,148	44,667	-15,380	27,984	N/A
9/30/2023	436,977	54,952	27,335	63,112	N/A
6/30/2023	460,272	62,388	52,514	82,105	N/A
3/31/2023	511,527	88,428	80,263	108,474	N/A
12/31/2022	513,687	92,375	88,626	114,063	N/A
9/30/2022	475,745	77,085	72,297	94,343	N/A
6/30/2022	419,728	58,591	33,122	54,824	N/A
3/31/2022	348,727	35,072	43,508	65,885	N/A
12/31/2021	295,162	20,957	19,402	42,175	N/A
9/30/2021	258,349	14,057	10,704	30,432	N/A
6/30/2021	223,221	8,758	16,228	37,964	N/A
3/31/2021	185,359	-4,979	6,501	30,808	N/A
12/31/2020	193,456	-7,566	1,450	29,704	N/A
9/30/2020	210,838	-2,420	-3,117	34,669	N/A
6/30/2020	240,182	3,127	4,601	47,225	N/A
3/31/2020	270,742	15,387	-2,135	44,070	N/A
12/31/2019	271,686	16,611	10,086	56,933	N/A
9/30/2019	269,855	14,151	-872	46,628	N/A
6/30/2019	277,470	16,882	-3,149	43,958	N/A
3/31/2019	281,485	21,584	-2,881	44,091	N/A
12/31/2018	280,458	25,150	-9,712	37,377	N/A
9/30/2018	273,245	28,586	9,686	52,756	N/A
6/30/2018	247,318	26,067	10,332	49,521	N/A
3/31/2018	236,470	25,340	24,344	59,166	N/A
12/31/2017	234,251	26,991	N/A	59,037	N/A
9/30/2017	225,343	27,475	N/A	61,954	N/A
6/30/2017	217,647	24,305	N/A	51,533	N/A
3/31/2017	206,563	20,150	N/A	42,075	N/A
12/31/2016	191,648	15,038	N/A	41,177	N/A
9/30/2016	185,572	11,381	N/A	33,115	N/A
6/30/2016	188,650	12,834	N/A	35,243	N/A
3/31/2016	199,583	19,600	N/A	50,124	N/A
12/31/2015	210,679	14,639	N/A	50,991	N/A
9/30/2015	223,649	17,665	N/A	66,336	N/A
6/30/2015	239,076	15,829	N/A	72,277	N/A
3/31/2015	248,166	14,629	N/A	51,839	N/A
12/31/2014	258,319	27,939	N/A	49,593	N/A
9/30/2014	268,319	37,837	N/A	44,974	N/A
6/30/2014	268,839	47,685	N/A	54,840	N/A
3/31/2014	266,571	49,722	N/A	67,256	N/A
12/31/2013	259,422	48,373	N/A	75,285	N/A
9/30/2013	254,918	46,501	N/A	59,176	N/A
6/30/2013	245,628	42,061	N/A	40,042	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: NIIS's forecast earnings growth (5.3% per year) is above the savings rate (2.3%).

Earnings vs Market: NIIS's earnings (5.3% per year) are forecast to grow slower than the RS market (12.5% per year).

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

Revenue vs Market: NIIS's revenue (12.7% per year) is forecast to grow faster than the RS market (5% per year).

High Growth Revenue: NIIS's revenue (12.7% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: NIIS's Return on Equity is forecast to be low in 3 years time (9.9%).

Naftna Industrija Srbije a.d Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Consensus revenue estimates increase by 10%

Price target increased by 59% to дин1,090

Price target raised to дин676

Analysts lower revenue estimates to дин173.1b

Price target lowered to дин621

Recent updates

New major risk - Earnings quality

Now 21% undervalued

New Forecasts: Here's What Analysts Think The Future Holds For Naftna Industrija Srbije a.d. (BELEX:NIIS)

Consensus revenue estimates increase by 10%

We Think Naftna Industrija Srbije a.d (BELEX:NIIS) Can Stay On Top Of Its Debt

We Think That There Are More Issues For Naftna Industrija Srbije a.d (BELEX:NIIS) Than Just Sluggish Earnings

New minor risk - Earnings quality

Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Third quarter 2023 earnings released: EPS: дин112 (vs дин158 in 3Q 2022)

Now 20% undervalued

Naftna Industrija Srbije a.d (BELEX:NIIS) Seems To Use Debt Quite Sensibly

Second quarter 2023 earnings released: EPS: дин12.45 (vs дин172 in 2Q 2022)

First quarter 2023 earnings released: EPS: дин71.74 (vs дин95.95 in 1Q 2022)

Is Naftna Industrija Srbije a.d (BELEX:NIIS) A Risky Investment?

Price target increased by 59% to дин1,090

Full year 2022 earnings released: EPS: дин567 (vs дин129 in FY 2021)

Now 20% undervalued

Less than half of directors are independent

Naftna Industrija Srbije a.d (BELEX:NIIS) Has A Pretty Healthy Balance Sheet

Second quarter 2022 earnings released: EPS: дин172 (vs дин27.91 in 2Q 2021)

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Public Joint Stock Company Gazprom (MISX:GAZP) acquired a 6.2% stake in Naftna Industrija Srbije a.d. (BELEX:NIIS) from Public Joint Stock Company Gazprom Neft (MISX:SIBN).

Less than half of directors are independent

Returns On Capital At Naftna Industrija Srbije a.d (BELEX:NIIS) Have Stalled

Investor sentiment deteriorated over the past week

Full year 2021 earnings: EPS and revenues miss analyst expectations

Third quarter 2021 earnings released: EPS дин44.43 (vs дин11.93 in 3Q 2020)

Second quarter 2021 earnings released: EPS дин27.91 (vs дин56.36 loss in 2Q 2020)

First quarter 2021 earnings released: EPS дин9.36 (vs дин6.51 loss in 1Q 2020)

Naftna Industrija Srbije a.d.'s (BELEX:NIIS) Intrinsic Value Is Potentially 19% Below Its Share Price

Full year 2020 earnings released: дин46.40 loss per share (vs дин102 profit in FY 2019)

Naftna Industrija Srbije a.d. to Report Q1, 2021 Results on Apr 27, 2021