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GAZP

GazpromMISX:GAZP Stock Report

Market Cap

₽8.0t

7D

2.4%

1Y

102.0%

Updated

23 Sep, 2021

Data

Company Financials +
GAZP fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance4/6
Financial Health4/6
Dividends4/6

GAZP Overview

Public Joint Stock Company Gazprom, an integrated energy company, engages in the geological exploration, production, processing, storage, transportation, and sale of gas, gas condensates, and oil in Russia and internationally.

Gazprom Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Gazprom
Historical stock prices
Current Share Price₽343.50
52 Week High₽151.90
52 Week Low₽345.20
Beta0.34
1 Month Change15.66%
3 Month Change23.74%
1 Year Change101.98%
3 Year Change111.24%
5 Year Change154.63%
Change since IPO89.26%

Recent News & Updates

Shareholder Returns

GAZPRU Oil and GasRU Market
7D2.4%1.7%0.4%
1Y102.0%53.5%40.7%

Return vs Industry: GAZP exceeded the Russian Oil and Gas industry which returned 49.5% over the past year.

Return vs Market: GAZP exceeded the Russian Market which returned 39.2% over the past year.

Price Volatility

Is GAZP's price volatile compared to industry and market?
GAZP volatility
GAZP Beta0.34
Industry Beta0.42
Market Beta1

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

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

About the Company

FoundedEmployeesCEOWebsite
1993477,600Anton Dzhalyabovhttps://www.gazprom.com

Public Joint Stock Company Gazprom, an integrated energy company, engages in the geological exploration, production, processing, storage, transportation, and sale of gas, gas condensates, and oil in Russia and internationally. The company operates through Production of Gas, Transportation of Gas, Distribution of Gas, Gas Storage, Production of Crude Oil and Gas Condensate, Refining, and Electric and Heat Energy Generation and Sales segments. It also produces coalbed methane; and owns Unified Gas Supply System, a gas transmission system totaling approximately 175.2 kilometers that comprises 254 compressor stations with a total capacity of 46.8 megawatts in Russia.

Gazprom Fundamentals Summary

How do Gazprom's earnings and revenue compare to its market cap?
GAZP fundamental statistics
Market Cap₽8.02t
Earnings (TTM)₽1.07t
Revenue (TTM)₽7.77t

7.6x

P/E Ratio

1.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GAZP income statement (TTM)
Revenue₽7.77t
Cost of Revenue₽3.06t
Gross Profit₽4.71t
Expenses₽3.64t
Earnings₽1.07t

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)45.23
Gross Margin60.61%
Net Profit Margin13.76%
Debt/Equity Ratio33.9%

How did GAZP perform over the long term?

See historical performance and comparison

Dividends

3.7%

Current Dividend Yield

28%

Payout Ratio

Valuation

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

7.59x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: GAZP (RUB343.5) is trading above our estimate of fair value (RUB290.57)

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


Price To Earnings Ratio

PE vs Industry: GAZP is poor value based on its PE Ratio (7.6x) compared to the Russian Oil and Gas industry average (7.5x).

PE vs Market: GAZP is good value based on its PE Ratio (7.6x) compared to the Russian market (9.8x).


Price to Earnings Growth Ratio

PEG Ratio: GAZP's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: GAZP's PB Ratio (0.5x) is in line with the RU Oil and Gas industry average.


Future Growth

How is Gazprom forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?

-5.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GAZP's earnings are forecast to decline over the next 3 years (-5.2% per year).

Earnings vs Market: GAZP's earnings are forecast to decline over the next 3 years (-5.2% per year).

High Growth Earnings: GAZP's earnings are forecast to decline over the next 3 years.

Revenue vs Market: GAZP's revenue (0.03% per year) is forecast to grow slower than the Russian market (3.8% per year).

High Growth Revenue: GAZP's revenue (0.03% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GAZP's Return on Equity is forecast to be low in 3 years time (8.6%).


Past Performance

How has Gazprom performed over the past 5 years?

-4.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GAZP has high quality earnings.

Growing Profit Margin: GAZP's current net profit margins (13.8%) are higher than last year (6.2%).


Past Earnings Growth Analysis

Earnings Trend: GAZP's earnings have declined by 4.9% per year over the past 5 years.

Accelerating Growth: GAZP's earnings growth over the past year (167.8%) exceeds its 5-year average (-4.9% per year).

Earnings vs Industry: GAZP earnings growth over the past year (167.8%) exceeded the Oil and Gas industry -1.7%.


Return on Equity

High ROE: GAZP's Return on Equity (7.2%) is considered low.


Financial Health

How is Gazprom's financial position?


Financial Position Analysis

Short Term Liabilities: GAZP's short term assets (RUB4,083.2B) exceed its short term liabilities (RUB2,513.8B).

Long Term Liabilities: GAZP's short term assets (RUB4,083.2B) do not cover its long term liabilities (RUB6,099.5B).


Debt to Equity History and Analysis

Debt Level: GAZP's debt to equity ratio (33.9%) is considered satisfactory.

Reducing Debt: GAZP's debt to equity ratio has increased from 27.7% to 33.9% over the past 5 years.

Debt Coverage: GAZP's debt is well covered by operating cash flow (37.7%).

Interest Coverage: GAZP's interest payments on its debt are well covered by EBIT (63.1x coverage).


Balance Sheet


Dividend

What is Gazprom current dividend yield, its reliability and sustainability?

3.65%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: GAZP's dividend (3.65%) is higher than the bottom 25% of dividend payers in the Russian market (2.97%).

High Dividend: GAZP's dividend (3.65%) is low compared to the top 25% of dividend payers in the Russian market (7.97%).


Stability and Growth of Payments

Stable Dividend: GAZP's dividend payments have been volatile in the past 10 years.

Growing Dividend: GAZP's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (27.7%), GAZP's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: GAZP's dividends in 3 years are forecast to be covered by earnings (51% payout ratio).


Next Steps

Management

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

6.7yrs

Average management tenure


CEO

Anton Dzhalyabov

0.50

Tenure

Mr. Anton Dzhalyabov serves as General Director at Public Joint Stock Company Gazprom since March 2021. He is a graduate of Ufa State Oil Technical University with a degree in development and operation of...


Leadership Team

Experienced Management: GAZP's management team is seasoned and experienced (6.7 years average tenure).


Board Members

Experienced Board: GAZP's board of directors are seasoned and experienced ( 10.3 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 Company Gazprom's employee growth, exchange listings and data sources


Key Information

  • Name: Public Joint Stock Company Gazprom
  • Ticker: GAZP
  • Exchange: MISX
  • Founded: 1993
  • Industry: Integrated Oil and Gas
  • Sector: Energy
  • Market Cap: ₽8.015t
  • Shares outstanding: 23.64b
  • Website: https://www.gazprom.com

Number of Employees


Location

  • Public Joint Stock Company Gazprom
  • 16 Nametkina Street
  • GSP-7
  • Moscow
  • 117997
  • Russia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/23 21:38
End of Day Share Price2021/09/23 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.