MISX:SNGS

Stock Analysis Report

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Executive Summary

Surgutneftegas Public Joint Stock Company, together with its subsidiaries, explores for, produces, processes, and sells hydrocarbons. More Details


Snowflake Analysis

Flawless balance sheet and overvalued.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: SNGS has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0.2%

SNGS

0.2%

RU Oil and Gas

0.3%

RU Market


1 Year Return

-23.5%

SNGS

-30.6%

RU Oil and Gas

-11.5%

RU Market

Return vs Industry: SNGS exceeded the Russian Oil and Gas industry which returned -30.7% over the past year.

Return vs Market: SNGS underperformed the Russian Market which returned -11.6% over the past year.


Shareholder returns

SNGSIndustryMarket
7 Day0.2%0.2%0.3%
30 Day-1.0%-5.2%-4.0%
90 Day-8.4%-13.2%-6.6%
1 Year-22.1%-23.5%-25.4%-30.6%-5.5%-11.5%
3 Year23.0%15.3%39.6%14.6%40.1%16.5%
5 Year6.4%-4.3%67.5%26.0%95.7%49.6%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

12.35x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SNGS (RUB34.12) is trading above our estimate of fair value (RUB18.89)

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


Price To Earnings Ratio

PE vs Industry: SNGS is poor value based on its PE Ratio (12.3x) compared to the RU Oil and Gas industry average (8.2x).

PE vs Market: SNGS is poor value based on its PE Ratio (12.3x) compared to the Russian market (10.2x).


Price to Earnings Growth Ratio

PEG Ratio: SNGS is poor value based on its PEG Ratio (4.2x)


Price to Book Ratio

PB vs Industry: SNGS is good value based on its PB Ratio (0.3x) compared to the RU Oil and Gas industry average (0.5x).


Next Steps

Future Growth

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

3.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SNGS's forecast earnings growth (3% per year) is below the savings rate (8.3%).

Earnings vs Market: SNGS's earnings (3% per year) are forecast to grow slower than the Russian market (26.1% per year).

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

Revenue vs Market: SNGS's revenue is expected to decline over the next 3 years (-0.8% per year).

High Growth Revenue: SNGS's revenue is forecast to decline over the next 3 years (-0.8% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SNGS's Return on Equity is forecast to be low in 3 years time (6.2%).


Next Steps

Past Performance

How has Surgutneftegas performed over the past 5 years?

-18.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SNGS has high quality earnings.

Growing Profit Margin: SNGS's current net profit margins (6.3%) are lower than last year (51.5%).


Past Earnings Growth Analysis

Earnings Trend: SNGS's earnings have declined by 18% per year over the past 5 years.

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

Earnings vs Industry: SNGS had negative earnings growth (-87.5%) over the past year, making it difficult to compare to the Oil and Gas industry average (-45.3%).


Return on Equity

High ROE: SNGS's Return on Equity (2.4%) is considered low.


Next Steps

Financial Health

How is Surgutneftegas's financial position?


Financial Position Analysis

Short Term Liabilities: SNGS's short term assets (RUB1,469.0B) exceed its short term liabilities (RUB398.7B).

Long Term Liabilities: SNGS's short term assets (RUB1,469.0B) exceed its long term liabilities (RUB419.8B).


Debt to Equity History and Analysis

Debt Level: SNGS is debt free.

Reducing Debt: SNGS has not had any debt for past 5 years.

Debt Coverage: SNGS has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: SNGS has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

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

1.91%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SNGS's dividend (1.91%) isn’t notable compared to the bottom 25% of dividend payers in the Russian market (3.97%).

High Dividend: SNGS's dividend (1.91%) is low compared to the top 25% of dividend payers in the Russian market (8.69%).


Stability and Growth of Payments

Stable Dividend: SNGS is not paying a notable dividend for the Russian market, therefore no need to check if payments are stable.

Growing Dividend: SNGS is not paying a notable dividend for the Russian market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: SNGS is not paying a notable dividend for the Russian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SNGS'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?

12.5yrs

Average management tenure


CEO

Vladimir Bogdanov (69 yo)

4.42yrs

Tenure

Mr. Vladimir Leonidovich Bogdanov has been a Director General of Open Joint Stock Company Surgutneftegas since May 7, 2016 and served as its Vice Chairman since June 29, 2012 and serves as Director 1993. M ...


Leadership Team

NamePositionTenureCompensationOwnership
Vladimir Erokhin
Chairman12.83yrsno data0.013%
RUB 153.6m
Vladimir Bogdanov
General Director & Director4.42yrsno data0.37%
RUB 4.5b
Taisiya Klinovskaya
Head of Financial Divisionno datano datano data
Andrei D
Chief Accountantno datano datano data
Lyudmila Loginovskaya
Head of Legal Departmentno datano datano data
Sergei Ananiev
Deputy Director General & Head of Mining Division12.5yrsno datano data
Alexander Bulanov
Chief Engineer22.75yrsno data0.00020%
RUB 2.4m
Alexander Rezyapov
Deputy Director General on Capital Construction16.75yrsno datano data
Igor Gorbunov
Head of NGDU Bystrinskneftno datano datano data
Anton Molchanov
Securities Division Headno datano datano data
Alexandra Arteeva
Head of Internal Audit Serviceno datano datano data
Oleg Yegorov
Deputy Head of Securities Management10.33yrsno datano data

12.5yrs

Average Tenure

64.5yo

Average Age

Experienced Management: SNGS's management team is seasoned and experienced (12.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Vladimir Erokhin
Chairman12.83yrsno data0.013%
RUB 153.6m
Vladimir Bogdanov
General Director & Director4.42yrsno data0.37%
RUB 4.5b
Alexander Bulanov
Chief Engineer22.75yrsno data0.00020%
RUB 2.4m
Nikolai Matveev
Deputy Chairman2.33yrsno datano data
Ildus Usmanov
Director6.33yrsno data0.0022%
RUB 26.8m
Ivan Dinichenko
Director6.33yrsno datano data
Viktor Krivosheev
Director6.33yrsno data0.0072%
RUB 87.8m
Valentina Musikhina
Member of Auditing Committeeno datano datano data
Valery Egorov
Independent Director2.75yrsno data0.0028%
RUB 34.1m
Georgy Mukhamadeev
Independent Director2.75yrsno data0.0034%
RUB 41.4m
Tamara Oleynik
Member of Auditing Committee1.33yrsno data0.00020%
RUB 2.4m

6.3yrs

Average Tenure

71yo

Average Age

Experienced Board: SNGS's board of directors are considered experienced (6.3 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

Surgutneftegas Public Joint Stock Company's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Surgutneftegas Public Joint Stock Company
  • Ticker: SNGS
  • Exchange: MISX
  • Founded: 1964
  • Industry: Integrated Oil and Gas
  • Sector: Energy
  • Market Cap: ₽1.219t
  • Shares outstanding: 35.73b
  • Website: https://www.surgutneftegas.ru

Number of Employees


Location

  • Surgutneftegas Public Joint Stock Company
  • Building 1
  • ul.Grigoriya Kukuyevitskogo, 1
  • Surgut
  • Hanty-Mansiysky AO
  • 628415
  • Russia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SNGSMISX (Micex - Rts)YesOrdinary SharesRURUBFeb 1995
SNGSPMISX (Micex - Rts)RUB1 PRF(USD)RURUBFeb 1996
SGTZ.YOTCPK (Pink Sheets LLC)ADR-EACH REPR 10 ORD RUB1USUSDMar 1997
SGGDLSE (London Stock Exchange)ADR-EACH REPR 10 ORD RUB1GBUSDMar 1997
SGNDB (Deutsche Boerse AG)ADR-EACH REPR 10 ORD RUB1DEEURMar 1997
SGGDLBATS-CHIXE (BATS 'Chi-X Europe')ADR-EACH REPR 10 ORD RUB1GBUSDMar 1997
SGGDWBAG (Wiener Boerse AG)ADR-EACH REPR 10 ORD RUB1ATEURMar 1997

Biography

Surgutneftegas Public Joint Stock Company, together with its subsidiaries, explores for, produces, processes, and sells hydrocarbons. It operates through Exploration and Production, Refining and Sale, and ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/26 21:12
End of Day Share Price2020/10/26 00:00
Earnings2019/12/31
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.