MISX:BANE

Stock Analysis Report

Oil Company Bashneft

Executive Summary

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

Snowflake

Fundamentals

Very undervalued with flawless balance sheet.

Risks

  • Oil Company Bashneft is covered by less than 3 analysts.

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


Market Performance


7 Day Return

0.1%

MISX:BANE

1.3%

RU Oil and Gas

1.1%

RU Market


1 Year Return

-6.6%

MISX:BANE

21.3%

RU Oil and Gas

16.4%

RU Market

BANE underperformed the Oil and Gas industry which returned 22.1% over the past year.

BANE underperformed the Market in Russian Federation which returned 15% over the past year.


Share holder returns

BANEIndustryMarket
7 Day0.1%1.3%1.1%
30 Day-1.7%2.5%0.005%
90 Day-5.4%5.3%2.5%
1 Year1.2%-6.6%29.6%21.3%24.5%16.4%
3 Year-25.4%-40.2%83.2%54.2%58.5%34.3%
5 Year28.3%-8.8%148.4%91.4%148.2%94.4%

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 based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Oil Company Bashneft's share price is below the future cash flow value, and at a moderate discount (> 20%).

Oil Company Bashneft's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Oil Company Bashneft is good value based on earnings compared to the RU Oil and Gas industry average.

Oil Company Bashneft is good value based on earnings compared to the Russian Federation market.


Price Based on Expected Growth

Oil Company Bashneft is good value based on expected growth next year.


Price Based on Value of Assets

Oil Company Bashneft is good value based on assets compared to the RU Oil and Gas industry average.


Next Steps

Future Growth

How is Oil Company Bashneft expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

4.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Oil Company Bashneft's revenue is expected to grow by 4% yearly, however this is not considered high growth (20% yearly).

Oil Company Bashneft's earnings are expected to grow by 4.8% yearly, however this is not considered high growth (20% yearly).

Oil Company Bashneft's revenue growth is expected to exceed the Russian Federation market average.

Oil Company Bashneft's earnings growth is expected to exceed the Russian Federation market average.

Oil Company Bashneft's earnings growth is positive but not above the low risk savings rate of 8.4%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Oil Company Bashneft will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

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

26.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Oil Company Bashneft has delivered over 20% year on year earnings growth in the past 5 years.

Oil Company Bashneft's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Oil Company Bashneft's 1-year earnings growth is negative, it can't be compared to the RU Oil and Gas industry average.


Return on Equity

Oil Company Bashneft has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).


Return on Assets

Oil Company Bashneft used its assets more efficiently than the RU Oil and Gas industry average last year based on Return on Assets.


Return on Capital Employed

Oil Company Bashneft's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Oil Company Bashneft's financial position?


Financial Position Analysis

Oil Company Bashneft is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Oil Company Bashneft's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Oil Company Bashneft's level of debt (26.3%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (62.9% vs 26.3% today).

Debt is well covered by operating cash flow (71.3%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 19.1x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 2.2x debt.


Next Steps

Dividend

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

17.34%

Current Dividend Yield


Dividend Yield and Payments Analysis

Oil Company Bashneft's pays a higher dividend yield than the bottom 25% of dividend payers in Russian Federation (3.11%).

Oil Company Bashneft's dividend is above the markets top 25% of dividend payers in Russian Federation (8.5%).

Oil Company Bashneft 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 Oil Company Bashneft only paid a dividend in the past 8 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.1x 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.


Next Steps

Management

What is the CEO of Oil Company Bashneft's salary, the management and board of directors tenure and is there insider trading?

3.2yrs

Average management tenure


CEO

Andrei Nikolaevich (60yo)

2.8yrs

Tenure

0

Mr. Shishkin Andrey Nikolaevich, also known as Andrei, has been the President of Management Board at Public Joint Stock Oil Company Bashneft since November 7, 2016 and served as its President of the Board  ...


Management Age and Tenure

3.2yrs

Average Tenure

49yo

Average Age

The tenure for the Oil Company Bashneft management team is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Albert Latypov

    General Director of LLC BashNIPIneft

    • Tenure: 0.0yrs
  • Nikolay Morozov (52yo)

    Chief Auditor

    • Tenure: 3.9yrs
  • Elvira Zhuravleva (49yo)

    Head of the Office of the Board of Directors & Corporate Secretary

    • Tenure: 8.4yrs
  • Y. Galaydin

    Chief Accountant

    • Tenure: 0.0yrs
  • Dmitry Uspensky (49yo)

    Vice President of Crude Oil Procurement

    • Tenure: 3.4yrs
  • Evgeny Stolyarov

    Head of Division - Federal Property Management Agency

    • Tenure: 2.9yrs
  • Andrei Nikolaevich (60yo)

    President of Management Board & Director

    • Tenure: 2.8yrs
  • Lazeev Nikolaevich (46yo)

    VP of Geology & Development and Member of Management Board

    • Tenure: 2.8yrs

Board Members

  • Yuriy Moshkin

    Member of Audit Commission

    • Tenure: 0.0yrs
  • Andrei Nikolaevich (60yo)

    President of Management Board & Director

    • Tenure: 2.8yrs
  • Tkachenko Viktorovich

    Member of Audit Commission

    • Tenure: 0.0yrs
  • Zavaleeva Vladimirovna

    Non-Executive Director

    • Tenure: 0.0yrs
  • Kasimiro Didye

    Non-Executive Director

    • Tenure: 0.0yrs
  • Prigoda Vladimirovich

    Non-Executive Director

    • Tenure: 0.0yrs
  • Fyodorov Sergeevich

    Chairman of Board

    • Tenure: 0.0yrs
  • Latypov Alfretovich

    Director

    • Tenure: 0.0yrs
  • Polstovalov Vladimirovich

    Director

    • Tenure: 0.0yrs
  • Khamitov Zakievich

    Director

    • Tenure: 0.0yrs

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: RUруб311.325b
  • 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, refining, and marketing of oil reserves in Russia. The company's primary oil producing region ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/21 21:16
End of Day Share Price2019/08/21 00:00
Earnings2019/03/31
Annual Earnings2018/12/31


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.