MISX:GAZP

Stock Analysis Report

Executive Summary

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


Snowflake Analysis

Solid track record, good value and pays a dividend.


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's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

2.2%

GAZP

5.1%

RU Oil and Gas

6.1%

RU Market


1 Year Return

21.8%

GAZP

2.7%

RU Oil and Gas

3.5%

RU Market

Return vs Industry: GAZP exceeded the Russian Oil and Gas industry which returned 0.8% over the past year.

Return vs Market: GAZP exceeded the Russian Market which returned 0.5% over the past year.


Shareholder returns

GAZPIndustryMarket
7 Day2.2%5.1%6.1%
30 Day12.7%5.3%4.9%
90 Day-23.0%-21.9%-15.1%
1 Year31.0%21.8%10.0%2.7%10.6%3.5%
3 Year92.0%57.8%75.0%45.9%53.1%29.2%
5 Year75.6%29.8%91.5%47.7%104.8%60.3%

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?

18.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: GAZP (RUB194.11) is trading below our estimate of fair value (RUB241.8)

Significantly Below Fair Value: GAZP is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: GAZP is good value based on its PE Ratio (2.9x) compared to the Oil and Gas industry average (5.3x).

PE vs Market: GAZP is good value based on its PE Ratio (2.9x) compared to the Russian market (7.7x).


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 is good value based on its PB Ratio (0.3x) 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 16 analysts?

-9.7%

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 (-10% per year).

Earnings vs Market: GAZP's earnings are forecast to decline over the next 3 years (-10% per year).

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

Revenue vs Market: GAZP's revenue (2.7% per year) is forecast to grow slower than the Russian market (4.7% per year).

High Growth Revenue: GAZP's revenue (2.7% 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?

26.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GAZP has high quality earnings.

Growing Profit Margin: GAZP's current net profit margins (18.5%) are higher than last year (14.7%).


Past Earnings Growth Analysis

Earnings Trend: GAZP's earnings have grown significantly by 26.1% per year over the past 5 years.

Accelerating Growth: GAZP's earnings growth over the past year (29.4%) exceeds its 5-year average (26.1% per year).

Earnings vs Industry: GAZP earnings growth over the past year (29.4%) exceeded the Oil and Gas industry -8.4%.


Return on Equity

High ROE: GAZP's Return on Equity (10.9%) is considered low.


Next Steps

Financial Health

How is Gazprom's financial position?


Financial Position Analysis

Short Term Liabilities: GAZP's short term assets (RUB3,697.4B) exceed its short term liabilities (RUB2,114.0B).

Long Term Liabilities: GAZP's short term assets (RUB3,697.4B) do not cover its long term liabilities (RUB4,842.6B).


Debt to Equity History and Analysis

Debt Level: GAZP's debt to equity ratio (26.5%) is considered satisfactory.

Reducing Debt: GAZP's debt to equity ratio has increased from 20.2% to 26.5% over the past 5 years.

Debt Coverage: GAZP's debt is well covered by operating cash flow (47.5%).

Interest Coverage: GAZP earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

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

8.57%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: GAZP's dividend (8.56%) is higher than the bottom 25% of dividend payers in the Russian market (3.81%).

High Dividend: GAZP's dividend (8.56%) is low compared to the top 25% of dividend payers in the Russian market (9.35%).


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 low payout ratio (24.8%), 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 well covered by earnings (48.5% payout ratio).


Next Steps

Management

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

3.1yrs

Average management tenure


CEO

Alexei Miller (57yo)

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 data0.00099% RUB43.8m
Famil Kamil Sadygov
Deputy Chairman of Management Committee1yrno datano data
Gennady Sukhov
Head of Department 314 & Member of the Management Board1yrno data0.00018% RUB8.0m
Mikhail Rosseyev
Chief Accountant0.17yrno datano data
Vyacheslav Koptelov
Head of Management Committee Administration0.17yrno datano data
Ivan Khromushin
Head of Investors Relations Division5.42yrsno datano data
Sergey Khomyakov
Deputy Chairman of Mgmt. Committee & Director General of Corporate Security Svc Branch - Moscow13.17yrsno data0.00024% RUB10.6m
Elena Lobatcheva
Deputy Head of Information For Gazprom Stockholdersno datano datano data
Oleg Aksyutin
Deputy CEO & Head of Department 62311.5yrsno data0.00023% RUB10.2m
Elena Kasyanova
Head of Department 7155.25yrsno datano data

3.1yrs

Average Tenure

57yo

Average Age

Experienced Management: GAZP's management team is considered experienced (3.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Alexey Miller
Chairman of Management Committee & Deputy Chairmanno datano data0.00099% RUB43.8m
Vitaly Markelov
Deputy Chairman of the Management Committee & Director8.25yrsno data0.0064% RUB284.9m
Karen Oganyan
Head of Department 822 & Member of Audit Commissionno datano data0.00011% RUB4.9m
Margarita Mironova
First Deputy Head of Mgmt Committee Adminno datano data0.0012% RUB51.8m
Mikhail Sereda
Director18.25yrsno data0.00024% RUB10.6m
Andrey Akimov
Director8.83yrsno datano data
Timur Kulibaev
Independent Director8.83yrsno datano data
Vladimir Mau
Independent Director8.83yrsno datano data
Victor Zubkov
Chairman11.83yrsno datano data
Victor Martynov
Independent Director7.25yrsno datano data

8.8yrs

Average Tenure

57yo

Average Age

Experienced Board: GAZP's board of directors are considered experienced (8.8 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 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: ₽4.424t
  • Shares outstanding: 22.82b
  • 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 ADR-EACH REPR 2 ORD SHSUSUSDOct 1996
OGZDLSE (London Stock Exchange)SPON ADR-EACH REPR 2 ORD SHSGBUSDOct 1996
GAZDB (Deutsche Boerse AG)SPON ADR-EACH REPR 2 ORD SHSDEEUROct 1996
GAZXTRA (XETRA Trading Platform)SPON ADR-EACH REPR 2 ORD SHSDEEUROct 1996
OGZDLBATS-CHIXE (BATS 'Chi-X Europe')SPON ADR-EACH REPR 2 ORD SHSGBUSDOct 1996
OGZDMISX (Micex - Rts)SPON ADR-EACH REPR 2 ORD SHSRUUSDOct 1996
OGZD NBMV (Bolsa Mexicana de Valores)SPON ADR-EACH REPR 2 ORD SHSMXMXNOct 1996
OGZDWBAG (Wiener Boerse AG)SPON ADR-EACH REPR 2 ORD SHSATEUROct 1996
OGZDBASE (Buenos Aires Stock Exchange)CEDEAR EACH REPR 2 ADR RUB5ARARSJan 2008

Biography

Public Joint Stock Company Gazprom, an 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, 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 172.1 thousand kilometers that comprises 254 compressor stations with a total capacity of 46.7 thousand megawatts in Russia. In addition, the company operates underground gas storage facilities; operates oil refining and petrochemical complexes; generates and sells electric and heat energy; and produces and markets liquefied natural gas. Public Joint Stock Company Gazprom was founded in 1993 and is headquartered in Moscow, Russia. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/10 04:49
End of Day Share Price2020/04/09 00:00
Earnings2019/09/30
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.