MISX:SIBN

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Executive Summary

Public Joint Stock Company Gazprom Neft, an integrated oil company, engages in the exploration, development, production, and sale of crude oil and gas in the Russian Federation, the CIS countries, and internationally.


Snowflake Analysis

Excellent balance sheet established dividend payer.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: SIBN's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

2.7%

SIBN

3.2%

RU Oil and Gas

2.8%

RU Market


1 Year Return

-6.6%

SIBN

-4.1%

RU Oil and Gas

0.6%

RU Market

Return vs Industry: SIBN underperformed the Russian Oil and Gas industry which returned -2.6% over the past year.

Return vs Market: SIBN underperformed the Russian Market which returned 2.3% over the past year.


Shareholder returns

SIBNIndustryMarket
7 Day2.7%3.2%2.8%
30 Day3.2%8.3%6.3%
90 Day-8.0%-0.002%1.9%
1 Year-0.5%-6.6%2.8%-4.1%7.2%0.6%
3 Year123.8%76.0%85.8%54.7%65.5%39.3%
5 Year234.0%148.2%106.5%58.5%120.1%71.7%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

5.84x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SIBN (RUB345) is trading above our estimate of fair value (RUB178.17)

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


Price To Earnings Ratio

PE vs Industry: SIBN is poor value based on its PE Ratio (5.8x) compared to the Oil and Gas industry average (5.6x).

PE vs Market: SIBN is good value based on its PE Ratio (5.8x) compared to the Russian market (8.6x).


Price to Earnings Growth Ratio

PEG Ratio: SIBN is good value based on its PEG Ratio (0.4x)


Price to Book Ratio

PB vs Industry: SIBN is overvalued based on its PB Ratio (0.8x) compared to the RU Oil and Gas industry average (0.6x).


Next Steps

Future Growth

How is Gazprom Neft forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

16.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SIBN's forecast earnings growth (16% per year) is above the savings rate (8.3%).

Earnings vs Market: SIBN's earnings (16% per year) are forecast to grow faster than the Russian market (12.9% per year).

High Growth Earnings: SIBN's earnings are forecast to grow, but not significantly.

Revenue vs Market: SIBN's revenue (10.2% per year) is forecast to grow faster than the Russian market (5.7% per year).

High Growth Revenue: SIBN's revenue (10.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SIBN's Return on Equity is forecast to be low in 3 years time (15.6%).


Next Steps

Past Performance

How has Gazprom Neft performed over the past 5 years?

27.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SIBN has high quality earnings.

Growing Profit Margin: SIBN's current net profit margins (11.9%) are lower than last year (16.8%).


Past Earnings Growth Analysis

Earnings Trend: SIBN's earnings have grown significantly by 27.3% per year over the past 5 years.

Accelerating Growth: SIBN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: SIBN had negative earnings growth (-32.9%) over the past year, making it difficult to compare to the Oil and Gas industry average (-17.4%).


Return on Equity

High ROE: SIBN's Return on Equity (13.2%) is considered low.


Next Steps

Financial Health

How is Gazprom Neft's financial position?


Financial Position Analysis

Short Term Liabilities: SIBN's short term assets (RUB729.9B) exceed its short term liabilities (RUB492.5B).

Long Term Liabilities: SIBN's short term assets (RUB729.9B) do not cover its long term liabilities (RUB1,213.3B).


Debt to Equity History and Analysis

Debt Level: SIBN's debt to equity ratio (34.4%) is considered satisfactory.

Reducing Debt: SIBN's debt to equity ratio has reduced from 51.4% to 34.4% over the past 5 years.

Debt Coverage: SIBN's debt is well covered by operating cash flow (73.9%).

Interest Coverage: SIBN's interest payments on its debt are well covered by EBIT (41x coverage).


Balance Sheet


Next Steps

Dividend

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

11.00%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: SIBN's dividend (11%) is higher than the bottom 25% of dividend payers in the Russian market (3.67%).

High Dividend: SIBN's dividend (11%) is in the top 25% of dividend payers in the Russian market (9.05%)


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (64.3%), SIBN's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SIBN's dividends in 3 years are forecast to be well covered by earnings (47.6% payout ratio).


Next Steps

Management

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

12.4yrs

Average management tenure


CEO

Alexander Dyukov (52yo)

13.42yrs

Tenure

Mr. Alexander Valerievich Dyukov serves as the Chief Executive Officer of OJSC Gazpromneft-Omsk Refinery. Mr. Dyukov has been the President of JSC Sibur Holding of Sibirsko-uralskaya Neftegazohimicheskaya  ...


Leadership Team

NamePositionTenureCompensationOwnership
Alexander Dyukov
CEO, Chairman of the Management Board & Executive Director13.42yrsno data0.0054% RUB87.6m
Anatoly Cherner
Deputy Chairman of the Management Board and Deputy CEO of Logistics12.5yrsno datano data
Vadim Yakovlev
Deputy Chairman of the Management Board & Deputy CEO for Upstream12.42yrsno data0.0011% RUB17.3m
Alexei Yankevich
CFO, Deputy CEO of Economics & Finance and Member of the Management Boardno datano datano data
Aleksander Dybal
Deputy CEO of Corporate Communications & Member of the Management Board12.5yrsno datano data
Kirill Kravchenko
Deputy CEO for Organizational Affairs & Member of Management Board12.33yrsno data0.000070% RUB1.1m
Elena Ilyukhina
Deputy CEO of Legal & Corporate Affairs and Member of the Management Board12.5yrsno datano data
Igor Antonov
Deputy CEO of Security & Member of the Management Board12.33yrsno datano data
Vladislav Baryshnikov
Deputy CEO of International Business Development & Member of the Management Board10.58yrsno datano data
Sergey Menshikov
Member of Management Board1.25yrsno datano data

12.4yrs

Average Tenure

51.5yo

Average Age

Experienced Management: SIBN's management team is seasoned and experienced (12.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Alexander Dyukov
CEO, Chairman of the Management Board & Executive Director13.42yrsno data0.0054% RUB87.6m
Galina Delvig
Head of Department of Internal Audit & Member of Audit Commission2yrsno datano data
Alexey Miller
Chairman14.5yrs₽34.21mno data
Mikhail Sereda
Non-executive Director6.5yrs₽26.23mno data
Andrey Vyacheslavovich Kruglov
Non-Executive Director14.5yrs₽25.09mno data
Valery Serdyukov
Independent Director7.5yrs₽22.81mno data
Kirill Seleznev
Non-executive Director14.5yrs₽22.81mno data
Andrey Dmitriev
Director2yrsno datano data
Vladimir Alisov
Non-executive Directorno data₽22.81mno data
Elena Mikhailova
Non-executive Director8.42yrs₽22.81mno data

8.4yrs

Average Tenure

51yo

Average Age

Experienced Board: SIBN's board of directors are considered experienced (8.4 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 Neft's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Public Joint Stock Company Gazprom Neft
  • Ticker: SIBN
  • Exchange: MISX
  • Founded: 1995
  • Industry: Integrated Oil and Gas
  • Sector: Energy
  • Market Cap: ₽1.628t
  • Shares outstanding: 4.72b
  • Website: https://www.gazprom-neft.com

Location

  • Public Joint Stock Company Gazprom Neft
  • 3-5, Pochtamtskaya Street
  • St. Petersburg
  • 190000
  • Russia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SIBNMISX (Micex - Rts)YesCommon StockRURUBAug 1996
GAZLSE (London Stock Exchange)LEVEL 1 ADR REPR 5 ORD RUBGBUSDAug 1999
GZPF.YOTCPK (Pink Sheets LLC)LEVEL 1 ADR REPR 5 ORD RUBUSUSDAug 1999
SCFDB (Deutsche Boerse AG)LEVEL 1 ADR REPR 5 ORD RUBDEEURAug 1999
GAZLBATS-CHIXE (BATS 'Chi-X Europe')LEVEL 1 ADR REPR 5 ORD RUBGBUSDAug 1999

Biography

Public Joint Stock Company Gazprom Neft, an integrated oil company, engages in the exploration, development, production, and sale of crude oil and gas in the Russian Federation, the CIS countries, and internationally. The company operates in two segments, Upstream and Downstream. It holds interests in approximately 100 license blocks in Russia; and projects in Angola, Bosnia and Herzegovina, Hungary, Romania, Serbia, and Venezuela. As of December 31, 2019, the company had total proved and probable hydrocarbons reserves of 2.86 billion tonnes of oil equivalent. Public Joint Stock Company Gazprom Neft is also involved in the production, distribution, and marketing of refined petroleum products. In addition, it produces and sells motor and jet fuels, lubricants, bitumen products, and petrochemical products, as well as provides bunkering services. The company also distributed and marketed its fuels through 1,863 filling stations. Public Joint Stock Company Gazprom Neft was founded in 1995 and is based in St. Petersburg, Russia. Public Joint Stock Company Gazprom Neft is a subsidiary of PJSC Gazprom. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/04 22:39
End of Day Share Price2020/06/04 00:00
Earnings2020/03/31
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.