MISX:GAZP

Stock Analysis Report

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Executive Summary

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. More Details


Snowflake Analysis

Reasonable growth potential with mediocre balance sheet.


Similar Companies

Share Price & News

How has Gazprom's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: GAZP is not significantly more volatile than the rest of Russian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: GAZP's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-1.5%

GAZP

-0.3%

RU Oil and Gas

-1.3%

RU Market


1 Year Return

-9.6%

GAZP

-18.8%

RU Oil and Gas

-4.0%

RU Market

Return vs Industry: GAZP exceeded the Russian Oil and Gas industry which returned -18.8% over the past year.

Return vs Market: GAZP underperformed the Russian Market which returned -4% over the past year.


Shareholder returns

GAZPIndustryMarket
7 Day-1.5%-0.3%-1.3%
30 Day10.7%6.5%4.3%
90 Day35.9%27.5%21.7%
1 Year-1.9%-9.6%-13.4%-18.8%2.4%-4.0%
3 Year85.0%49.8%53.1%27.0%55.4%28.5%
5 Year133.6%67.4%111.7%59.9%146.1%86.2%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

0.38x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: GAZP (RUB224.27) is trading above our estimate of fair value (RUB193.93)

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


Price To Earnings Ratio

PE vs Industry: GAZP is unprofitable, so we can't compare its PE Ratio to the RU Oil and Gas industry average.

PE vs Market: GAZP is unprofitable, so we can't compare its PE Ratio to the Russian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate GAZP's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: GAZP is good value based on its PB Ratio (0.4x) compared to the RU Oil and Gas industry average (0.7x).


Next Steps

Future Growth

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

62.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GAZP is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (7.7%).

Earnings vs Market: GAZP is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: GAZP's is expected to become profitable in the next 3 years.

Revenue vs Market: GAZP's revenue (9.8% per year) is forecast to grow faster than the Russian market (8.2% per year).

High Growth Revenue: GAZP's revenue (9.8% 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 (6.3%).


Next Steps

Past Performance

How has Gazprom performed over the past 5 years?

4.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GAZP is currently unprofitable.

Growing Profit Margin: GAZP is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: GAZP is unprofitable, but has reduced losses over the past 5 years at a rate of 4.7% per year.

Accelerating Growth: Unable to compare GAZP's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: GAZP is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-53.3%).


Return on Equity

High ROE: GAZP has a negative Return on Equity (-0.28%), as it is currently unprofitable.


Next Steps

Financial Health

How is Gazprom's financial position?


Financial Position Analysis

Short Term Liabilities: GAZP's short term assets (RUB3,157.8B) exceed its short term liabilities (RUB2,251.3B).

Long Term Liabilities: GAZP's short term assets (RUB3,157.8B) do not cover its long term liabilities (RUB5,871.3B).


Debt to Equity History and Analysis

Debt Level: GAZP's debt to equity ratio (34.3%) is considered satisfactory.

Reducing Debt: GAZP's debt to equity ratio has increased from 29.2% to 34.3% over the past 5 years.

Debt Coverage: GAZP's debt is well covered by operating cash flow (27.1%).

Interest Coverage: GAZP is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

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

6.80%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: GAZP's dividend (6.8%) is higher than the bottom 25% of dividend payers in the Russian market (3.77%).

High Dividend: GAZP's dividend (6.8%) is low compared to the top 25% of dividend payers in the Russian market (7.56%).


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: GAZP is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: GAZP's dividends in 3 years are forecast to be well covered by earnings (47% payout ratio).


Next Steps

Management

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

6.0yrs

Average management tenure


CEO

Alexei Miller (58 yo)

no data

Tenure

Mr. Alexey Borisovich Miller, also known as Alexei, serves as the Chairman of Gazprom for Russia at GAZPROMAVIA Aviation Company Ltd. Mr. Miller has been the Chief Executive Officer at Public Joint Stock C...


Leadership Team

NamePositionTenureCompensationOwnership
Alexey Miller
Chairman of Management Committee & Deputy Chairmanno datano data0.00096%
RUB 50.6m
Famil Kamil Sadygov
Deputy Chairman of Management Committee1.75yrsno data0.00023%
RUB 12.1m
Mikhail Rosseyev
Chief Accountant0.92yrno data0.00023%
RUB 12.1m
Vyacheslav Koptelov
Head of Management Committee Administration0.92yrno datano data
Ivan Khromushin
Head of Investors Relations Division6.17yrsno datano data
Sergey Kuznets
Head of Department (Legal Support) & Member of Management Committee1.75yrsno data0.0022%
RUB 118.1m
Mikhail Sereda
Executive Director19yrsno data0.00023%
RUB 12.1m
Sergey Khomyakov
Deputy Chairman of Mgmt. Committee & Director General of Corporate Security Service Branch13.92yrsno data0.00023%
RUB 12.1m
Elena Lobatcheva
Deputy Head of Information For Gazprom Stockholdersno datano datano data
Oleg Aksyutin
Deputy CEO & Head of Department 62312.25yrsno data0.00023%
RUB 12.1m
Elena Kasyanova
Head of Department 7156yrsno datano data
Denis Fedorov
Head of Electricity Sector Development & Mktg Office & General Director of Gazprom Energoholing LLC11.83yrsno datano data

6.0yrs

Average Tenure

52yo

Average Age

Experienced Management: GAZP's management team is seasoned and experienced (6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Alexey Miller
Chairman of Management Committee & Deputy Chairmanno datano data0.00096%
RUB 50.6m
Mikhail Sereda
Executive Director19yrsno data0.00023%
RUB 12.1m
Vitaly Markelov
Deputy Chairman of the Management Committee & Director9yrsno data0.0062%
RUB 327.5m
Andrey Akimov
Non-Executive Director9.58yrsno datano data
Timur Kulibaev
Independent Director9.58yrsno datano data
Denis Manturov
Non-Executive Director3.5yrsno datano data
Vladimir Mau
Independent Director9.58yrsno datano data
Viktor Zubkov
Non-Executive Chairman12.58yrsno datano data
Victor Martynov
Independent Director8yrsno datano data
Tatyana Fisenko
Member of Audit Commissionno datano datano data
Alexander Novak
Non-Executive Director5.58yrsno datano data
Dmitry Patrushev
Non-Executive Director4.58yrsno data0.0010%
RUB 53.3m

9.6yrs

Average Tenure

57.5yo

Average Age

Experienced Board: GAZP's board of directors are considered experienced (9.6 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 been diluted in the past year, with total shares outstanding growing by 3.6%.


Top Shareholders

Company Information

Public Joint Stock Company Gazprom's company bio, 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: ₽5.273t
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GAZPMISX (Micex - Rts)YesOrdinary SharesRURUBFeb 1995
RU_GAZPKAS (Kazakhstan Stock Exchange)YesOrdinary SharesKZKZTFeb 1995
OGZP.YOTCPK (Pink Sheets LLC)SPON ADRUSUSDOct 1996
OGZDLSE (London Stock Exchange)SPON ADRGBUSDOct 1996
GAZDB (Deutsche Boerse AG)SPON ADRDEEUROct 1996
GAZXTRA (XETRA Trading Platform)SPON ADRDEEUROct 1996
OGZDLBATS-CHIXE (BATS 'Chi-X Europe')SPON ADRGBUSDOct 1996
OGZD NBMV (Bolsa Mexicana de Valores)SPON ADRMXMXNOct 1996
OGZDWBAG (Wiener Boerse AG)SPON ADRATEUROct 1996
OGZDBASE (Buenos Aires Stock Exchange)CEDEAR EACH REPR 2 ADR RUB5ARARSJan 2008

Biography

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...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/20 18:12
End of Day Share Price2021/01/20 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.