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.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of -10% per year for the next 3 years
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
| GAZP | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.2% | 5.1% | 6.1% |
| 30 Day | 12.7% | 5.3% | 4.9% |
| 90 Day | -23.0% | -21.9% | -15.1% |
| 1 Year | 31.0%21.8% | 10.0%2.7% | 10.6%3.5% |
| 3 Year | 92.0%57.8% | 75.0%45.9% | 53.1%29.2% |
| 5 Year | 75.6%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
2 days ago | Simply Wall St
Are Investors Undervaluing Public Joint Stock Company Gazprom (MCX:GAZP) By 22%?2 weeks ago | Simply Wall St
Why You Should Care About Public Joint Stock Company Gazprom’s (MCX:GAZP) Low Return On Capital1 month ago | Simply Wall St
If You Had Bought Gazprom (MCX:GAZP) Stock Three Years Ago, You Could Pocket A 46% Gain TodayValuation
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of Management Committee & Deputy Chairman | no data | no data | 0.00099% RUB43.8m | |
| Deputy Chairman of Management Committee | 1yr | no data | no data | |
| Head of Department 314 & Member of the Management Board | 1yr | no data | 0.00018% RUB8.0m | |
| Chief Accountant | 0.17yr | no data | no data | |
| Head of Management Committee Administration | 0.17yr | no data | no data | |
| Head of Investors Relations Division | 5.42yrs | no data | no data | |
| Deputy Chairman of Mgmt. Committee & Director General of Corporate Security Svc Branch - Moscow | 13.17yrs | no data | 0.00024% RUB10.6m | |
| Deputy Head of Information For Gazprom Stockholders | no data | no data | no data | |
| Deputy CEO & Head of Department 623 | 11.5yrs | no data | 0.00023% RUB10.2m | |
| Head of Department 715 | 5.25yrs | no data | no data |
3.1yrs
Average Tenure
57yo
Average Age
Experienced Management: GAZP's management team is considered experienced (3.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of Management Committee & Deputy Chairman | no data | no data | 0.00099% RUB43.8m | |
| Deputy Chairman of the Management Committee & Director | 8.25yrs | no data | 0.0064% RUB284.9m | |
| Head of Department 822 & Member of Audit Commission | no data | no data | 0.00011% RUB4.9m | |
| First Deputy Head of Mgmt Committee Admin | no data | no data | 0.0012% RUB51.8m | |
| Director | 18.25yrs | no data | 0.00024% RUB10.6m | |
| Director | 8.83yrs | no data | no data | |
| Independent Director | 8.83yrs | no data | no data | |
| Independent Director | 8.83yrs | no data | no data | |
| Chairman | 11.83yrs | no data | no data | |
| Independent Director | 7.25yrs | no data | no 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| GAZP | MISX (Micex - Rts) | Yes | Ordinary Shares | RU | RUB | Feb 1995 |
| RU_GAZP | KAS (Kazakhstan Stock Exchange) | Yes | Ordinary Shares | KZ | KZT | Feb 1995 |
| OGZP.Y | OTCPK (Pink Sheets LLC) | SPON ADR-EACH REPR 2 ORD SHS | US | USD | Oct 1996 | |
| OGZD | LSE (London Stock Exchange) | SPON ADR-EACH REPR 2 ORD SHS | GB | USD | Oct 1996 | |
| GAZ | DB (Deutsche Boerse AG) | SPON ADR-EACH REPR 2 ORD SHS | DE | EUR | Oct 1996 | |
| GAZ | XTRA (XETRA Trading Platform) | SPON ADR-EACH REPR 2 ORD SHS | DE | EUR | Oct 1996 | |
| OGZDL | BATS-CHIXE (BATS 'Chi-X Europe') | SPON ADR-EACH REPR 2 ORD SHS | GB | USD | Oct 1996 | |
| OGZD | MISX (Micex - Rts) | SPON ADR-EACH REPR 2 ORD SHS | RU | USD | Oct 1996 | |
| OGZD N | BMV (Bolsa Mexicana de Valores) | SPON ADR-EACH REPR 2 ORD SHS | MX | MXN | Oct 1996 | |
| OGZD | WBAG (Wiener Boerse AG) | SPON ADR-EACH REPR 2 ORD SHS | AT | EUR | Oct 1996 | |
| OGZD | BASE (Buenos Aires Stock Exchange) | CEDEAR EACH REPR 2 ADR RUB5 | AR | ARS | Jan 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/10 04:49 |
| End of Day Share Price | 2020/04/09 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.