MISX:RNFT

Stock Analysis Report

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Executive Summary

Public Joint Stock Company RussNeft, together with its subsidiaries, engages in prospecting, exploration, development, production, marketing of oil and gas products in Europe, the Commonwealth of Independent States, and the Russian Federation. More Details


Snowflake Analysis

Moderate growth potential with imperfect balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: RNFT is more volatile than 75% of Russian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: RNFT's weekly volatility (4%) has been stable over the past year, but is still higher than 75% of Russian stocks.


Market Performance


7 Day Return

-0.3%

RNFT

-1.4%

RU Oil and Gas

1.0%

RU Market


1 Year Return

-47.4%

RNFT

-21.8%

RU Oil and Gas

-2.1%

RU Market

Return vs Industry: RNFT underperformed the Russian Oil and Gas industry which returned -23.8% over the past year.

Return vs Market: RNFT underperformed the Russian Market which returned -5% over the past year.


Shareholder returns

RNFTIndustryMarket
7 Day-0.3%-1.4%1.0%
30 Day1.7%17.2%14.8%
90 Day-31.2%0.6%3.8%
1 Year-47.4%-47.4%-16.0%-21.8%4.7%-2.1%
3 Year-40.6%-40.6%50.1%22.7%49.9%24.2%
5 Yearn/a92.9%45.2%118.0%66.7%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

1.34x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: RNFT (RUB294.8) is trading above our estimate of fair value (RUB152.84)

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


Price To Earnings Ratio

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

PE vs Market: RNFT 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 RNFT's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: RNFT is overvalued based on its PB Ratio (1.3x) compared to the RU Oil and Gas industry average (0.6x).


Next Steps

Future Growth

How is RussNeft forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

88.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: RNFT is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (8.3%).

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

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

Revenue vs Market: RNFT's revenue (7.6% per year) is forecast to grow slower than the Russian market (7.7% per year).

High Growth Revenue: RNFT's revenue (7.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: RNFT's Return on Equity is forecast to be low in 3 years time (6%).


Next Steps

Past Performance

How has RussNeft performed over the past 5 years?

60.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RNFT is currently unprofitable.

Growing Profit Margin: RNFT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: RNFT is unprofitable, but has reduced losses over the past 5 years at a rate of 60% per year.

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

Earnings vs Industry: RNFT is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-45.3%).


Return on Equity

High ROE: RNFT has a negative Return on Equity (-3.91%), as it is currently unprofitable.


Next Steps

Financial Health

How is RussNeft's financial position?


Financial Position Analysis

Short Term Liabilities: RNFT's short term assets (RUB41.5B) do not cover its short term liabilities (RUB72.7B).

Long Term Liabilities: RNFT's short term assets (RUB41.5B) do not cover its long term liabilities (RUB150.4B).


Debt to Equity History and Analysis

Debt Level: RNFT's debt to equity ratio (150.1%) is considered high.

Reducing Debt: RNFT had negative shareholder equity 5 years ago, but is now positive and has therefore improved.

Debt Coverage: RNFT's debt is well covered by operating cash flow (59.4%).

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


Balance Sheet


Next Steps

Dividend

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

3.96%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate RNFT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate RNFT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if RNFT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if RNFT's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of RNFT's dividend in 3 years as they are not forecast to pay a notable one for the Russian market.


Next Steps

Management

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

10.8yrs

Average management tenure


CEO

RussNeft has no CEO, or we have no data on them.


Leadership Team

NamePositionTenureCompensationOwnership
Mikhail Gutseriev
Founder & Chairman6.83yrsno datano data
Evgeny Tolochek
President4yrsno data0.00060%
RUB 519.5k
Olga Prozorovskaja
Senior Vice President of Economics & Finance10.83yrsno datano data
Dmitry Romanov
VP of Corporate Relations & Director10.42yrsno datano data

10.8yrs

Average Tenure

56yo

Average Age

Experienced Management: RNFT's management team is seasoned and experienced (10.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Mikhail Gutseriev
Founder & Chairman6.83yrsno datano data
Dmitry Romanov
VP of Corporate Relations & Director10.42yrsno datano data
Robert Skidelsky
Independent Directorno datano datano data
Victor Martynov
Independent Directorno datano datano data
Sergey Stepashin
Independent Directorno datano datano data
Yana Tikhonova
Directorno datano datano data
Said Gutseriev
Directorno datano datano data
Avet Mirakyan
Directorno datano datano data
Andrey Derekh
Independent Directorno datano datano data
Andrey Zarubin
Directorno datano data0.00060%
RUB 519.5k
Roman Tyan
Director1.83yrsno datano data
Ann Nash
Director0.83yrno datano data

4.3yrs

Average Tenure

55.5yo

Average Age

Experienced Board: RNFT's board of directors are considered experienced (4.3 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 RussNeft's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Public Joint Stock Company RussNeft
  • Ticker: RNFT
  • Exchange: MISX
  • Founded: 2002
  • Industry: Integrated Oil and Gas
  • Sector: Energy
  • Market Cap: ₽86.589b
  • Shares outstanding: 294.12m
  • Website: https://www.russneft.ru

Number of Employees


Location

  • Public Joint Stock Company RussNeft
  • 69, Pyatnitskaya street
  • Moscow
  • 115054
  • Russia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RNFTMISX (Micex - Rts)YesCommon SharesRURUBNov 2016

Biography

Public Joint Stock Company RussNeft, together with its subsidiaries, engages in prospecting, exploration, development, production, marketing of oil and gas products in Europe, the Commonwealth of Independe...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/01 18:03
End of Day Share Price2020/12/01 00:00
Earnings2020/06/30
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.