MISX:BANE

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Oil Company Bashneft

Executive Summary

Public Joint Stock Oil Company Bashneft engages in the development and implementation, exploration, production, and refining of oil reserves in Russia. More Details


Snowflake Analysis

Excellent balance sheet with moderate growth potential.


Similar Companies

Share Price & News

How has Oil Company Bashneft's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BANE is not significantly more volatile than the rest of Russian stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: BANE's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

-0.7%

BANE

1.9%

RU Oil and Gas

-0.5%

RU Market


1 Year Return

-12.5%

BANE

-21.9%

RU Oil and Gas

-5.0%

RU Market

Return vs Industry: BANE exceeded the Russian Oil and Gas industry which returned -23.3% over the past year.

Return vs Market: BANE underperformed the Russian Market which returned -5.7% over the past year.


Shareholder returns

BANEIndustryMarket
7 Day-0.7%1.9%-0.5%
30 Day8.6%14.1%9.0%
90 Day-2.6%-1.8%-0.5%
1 Year-7.1%-12.5%-16.1%-21.9%1.6%-5.0%
3 Year-4.4%-27.8%53.1%25.3%46.8%21.7%
5 Year19.3%-15.1%92.1%44.3%110.2%60.5%

Long-Term Price Volatility Vs. Market

How volatile is Oil Company Bashneft's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Oil Company Bashneft undervalued compared to its fair value and its price relative to the market?

50.52x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BANE (RUB1698.5) is trading above our estimate of fair value (RUB1136.17)

Significantly Below Fair Value: BANE is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BANE is poor value based on its PE Ratio (50.5x) compared to the RU Oil and Gas industry average (10.7x).

PE vs Market: BANE is poor value based on its PE Ratio (50.5x) compared to the Russian market (10.8x).


Price to Earnings Growth Ratio

PEG Ratio: BANE is good value based on its PEG Ratio (0.6x)


Price to Book Ratio

PB vs Industry: BANE's PB Ratio (0.6x) is in line with the RU Oil and Gas industry average.


Next Steps

Future Growth

How is Oil Company Bashneft forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

88.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BANE's forecast earnings growth (88.1% per year) is above the savings rate (8.3%).

Earnings vs Market: BANE's earnings (88.1% per year) are forecast to grow faster than the Russian market (24.4% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: BANE's revenue (2.9% per year) is forecast to grow slower than the Russian market (8.4% per year).

High Growth Revenue: BANE's revenue (2.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if BANE's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Oil Company Bashneft performed over the past 5 years?

3.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BANE has high quality earnings.

Growing Profit Margin: BANE's current net profit margins (1.3%) are lower than last year (13.8%).


Past Earnings Growth Analysis

Earnings Trend: BANE's earnings have grown by 3.6% per year over the past 5 years.

Accelerating Growth: BANE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BANE had negative earnings growth (-93.6%) over the past year, making it difficult to compare to the Oil and Gas industry average (-45.3%).


Return on Equity

High ROE: BANE's Return on Equity (0.9%) is considered low.


Next Steps

Financial Health

How is Oil Company Bashneft's financial position?


Financial Position Analysis

Short Term Liabilities: BANE's short term assets (RUB220.4B) exceed its short term liabilities (RUB117.5B).

Long Term Liabilities: BANE's short term assets (RUB220.4B) exceed its long term liabilities (RUB187.6B).


Debt to Equity History and Analysis

Debt Level: BANE's debt to equity ratio (26.6%) is considered satisfactory.

Reducing Debt: BANE's debt to equity ratio has reduced from 63.5% to 26.6% over the past 5 years.

Debt Coverage: BANE's debt is well covered by operating cash flow (41.5%).

Interest Coverage: BANE's interest payments on its debt are not well covered by EBIT (1.3x coverage).


Balance Sheet


Next Steps

Dividend

What is Oil Company Bashneft current dividend yield, its reliability and sustainability?

6.35%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BANE's dividend (6.35%) is higher than the bottom 25% of dividend payers in the Russian market (3.94%).

High Dividend: BANE's dividend (6.35%) is low compared to the top 25% of dividend payers in the Russian market (8.14%).


Stability and Growth of Payments

Stable Dividend: BANE has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: BANE has only been paying a dividend for 9 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (320.7%), BANE's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BANE's dividends in 3 years are forecast to be well covered by earnings (17.7% payout ratio).


Next Steps

Management

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

4.7yrs

Average management tenure


CEO

Khasan Tatriev

1.83yrs

Tenure


Leadership Team

NamePositionTenureCompensationOwnership
Khasan Tatriev
CEO & Director1.83yrsno datano data
Y. Galaydin
Chief Accountantno datano datano data
Vatalena Khramova
Director of Corporate Financeno datano data0.0010%
RUB 3.0m
Nikolay Morozov
Chief Auditor5.17yrsno datano data
Evgeny Stolyarov
Head of Division - Federal Property Management Agency4.17yrsno datano data
Elvira Zhuravleva
Head of the Office of the Board of Directors & Corporate Secretary9.67yrsno datano data
Albert Latypov
General Director of LLC BashNIPIneftno datano datano data
Dmitry Uspensky
Vice President of Crude Oil Procurement4.67yrsno datano data

4.7yrs

Average Tenure

50yo

Average Age

Experienced Management: BANE's management team is considered experienced (4.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Khasan Tatriev
CEO & Director1.83yrsno datano data
Aleksandr Borzhemskiy
Member of Audit Commissionno datano data0.0010%
RUB 3.0m
Ilya Ulyanov
Member of Audit Commissionno datano datano data
Shishkin Nikolaevich
Director4.83yrsno datano data
Tkachenko Viktorovich
Head of Audit Commissionno datano datano data
Zavaleeva Vladimirovna
Non-Executive Director4.83yrsno datano data
Kasimiro Didye
Chairman of the Board0.83yrno datano data
Prigoda Vladimirovich
Non-Executive Director4.83yrsno datano data
Fyodorov Sergeevich
Director4.83yrsno datano data
Latypov Alfretovich
Director3.83yrsno datano data
Khamitov Zakievich
Director2.83yrsno datano data
Runye Zelko
Director1.42yrsno datano data

3.8yrs

Average Tenure

Experienced Board: BANE's board of directors are considered experienced (3.8 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

Public Joint Stock Oil Company Bashneft's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Public Joint Stock Oil Company Bashneft
  • Ticker: BANE
  • Exchange: MISX
  • Founded: 1932
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: ₽288.402b
  • Shares outstanding: 169.80m
  • Website: https://www.bashneft.ru

Location

  • Public Joint Stock Oil Company Bashneft
  • St. B. Polyanka, d. 3/9
  • PO Box 13
  • Moscow
  • 119180
  • Russia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BANEPMISX (Micex - Rts)Preferred SharesRURUBJan 2003
BANEMISX (Micex - Rts)YesCommon StockRURUBJan 2003
BHNF.FOTCPK (Pink Sheets LLC)Preferred SharesUSUSDJan 2003

Biography

Public Joint Stock Oil Company Bashneft engages in the development and implementation, exploration, production, and refining of oil reserves in Russia. The company's primary oil producing regions includes ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/24 21:24
End of Day Share Price2020/11/24 00:00
Earnings2020/09/30
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.