MISX:SNGS

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Flawless balance sheet and undervalued.


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


Market Performance


7 Day Return

-0.6%

SNGS

1.5%

RU Oil and Gas

1.5%

RU Market


1 Year Return

33.3%

SNGS

19.1%

RU Oil and Gas

16.2%

RU Market

Return vs Industry: SNGS exceeded the Russian Oil and Gas industry which returned 19.1% over the past year.

Return vs Market: SNGS exceeded the Russian Market which returned 16.2% over the past year.


Shareholder returns

SNGSIndustryMarket
7 Day-0.6%1.5%1.5%
30 Day1.5%0.7%-0.3%
90 Day35.3%6.9%4.2%
1 Year36.6%33.3%28.4%19.1%24.6%16.2%
3 Year42.8%33.1%98.4%65.4%66.9%40.9%
5 Year50.7%35.0%168.4%107.1%164.7%107.9%

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?

24.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SNGS (RUB36.04) is trading below our estimate of fair value (RUB47.42)

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


Price To Earnings Ratio

PE vs Industry: SNGS is good value based on its PE Ratio (3.3x) compared to the Oil and Gas industry average (5.9x).

PE vs Market: SNGS is good value based on its PE Ratio (3.3x) compared to the Russian market (6.6x).


Price to Earnings Growth Ratio

PEG Ratio: SNGS is good value based on its PEG Ratio (0.2x)


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 (0.8x).


Next Steps

Future Growth

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

22.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SNGS's forecast earnings growth (22.1% per year) is above the savings rate (8.4%).

Earnings vs Market: SNGS's earnings (22.1% per year) are forecast to grow faster than the Russian market (4.7% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: SNGS's revenue (0.8% per year) is forecast to grow slower than the Russian market (4.2% per year).

High Growth Revenue: SNGS's revenue (0.8% per year) is forecast to grow slower than 20% 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 (9.3%).


Next Steps

Past Performance

How has Surgutneftegas performed over the past 5 years?

-8.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: SNGS's earnings have declined by -8.8% 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 (-20.4%) over the past year, making it difficult to compare to the Oil and Gas industry average (37.8%).


Return on Equity

High ROE: SNGS's Return on Equity (10.3%) is considered low.


Return on Assets

ROA vs Industry: SNGS's Return on Assets is below or equal to the Oil and Gas industry average last year.


Return on Capital Employed

ROCE Improving: SNGS has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Surgutneftegas's financial position?


Financial Position Analysis

Short Term Liabilities: SNGS's short term assets (RUB1,483.7B) exceeds its short term liabilities (RUB419.9B)

Long Term Liabilities: SNGS's short term assets (1,483.7B) exceeds its long term liabilities (351.5B)


Debt to Equity History and Analysis

Debt Level: SNGS is debt free.

Reducing Debt: SNGS had no debt 5 years ago.

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

Inventory Level: SNGS has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if SNGS's debt is covered by short term assets.


Next Steps

Dividend

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

1.80%

Current Dividend Yield


Dividend Yield vs Market

company1.8%marketbottom25%3.2%markettop25%8.6%industryaverage7.1%forecastin3Years2.1%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: SNGS's dividend (1.8%) isn’t notable compared to the bottom 25% of dividend payers in the Russian market (3.24%).

High Dividend: SNGS's dividend (1.8%) is low compared to the top 25% of dividend payers in the Russian market (8.62%).

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

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


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (6%), SNGS's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SNGS's dividends in 3 years are forecast to be thoroughly covered by earnings (6.5% payout ratio).


Next Steps

Management

What is the CEO of Surgutneftegas's salary, the management and board of directors tenure and is there insider trading?

11.5yrs

Average management tenure


CEO

Vladimir Bogdanov (68yo)

3.4yrs

Tenure

0

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 ...


Management Age and Tenure

11.5yrs

Average Tenure

67yo

Average Age

Experienced Management: SNGS's management team is seasoned and experienced (11.5 years average tenure).


Board Age and Tenure

5.3yrs

Average Tenure

70yo

Average Age

Experienced Board: SNGS's board of directors are considered experienced (5.3 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Sergei Ananiev (60yo)

    Deputy Director General & Head of Mining Division

    • Tenure: 11.5yrs
  • Vladimir Bogdanov (68yo)

    General Director & Director

    • Tenure: 3.4yrs
  • Alexander Bulanov (60yo)

    Chief Engineer

    • Tenure: 21.8yrs
  • Vladimir Erokhin (70yo)

    Chairman

    • Tenure: 11.8yrs
  • Lyudmila Loginovskaya (69yo)

    Head of Legal Department

    • Tenure: 0yrs
  • Alexander Rezyapov (67yo)

    Deputy Director General on Capital Construction

    • Tenure: 15.8yrs
  • Igor Gorbunov (52yo)

    Head of NGDU Bystrinskneft

    • Tenure: 0yrs
  • Andrei D (50yo)

    Chief Accountant

    • Tenure: 0yrs
  • Anton Molchanov

    Securities Division Head

    • Tenure: 0yrs
  • Taisiya Klinovskaya (73yo)

    Head of Financial Division

    • Tenure: 0yrs

Board Members

  • Vladimir Bogdanov (68yo)

    General Director & Director

    • Tenure: 3.4yrs
  • Alexander Bulanov (60yo)

    Chief Engineer

    • Tenure: 21.8yrs
  • Nikolai Matveev (77yo)

    Deputy Chairman

    • Tenure: 1.3yrs
  • Vladimir Erokhin (70yo)

    Chairman

    • Tenure: 11.8yrs
  • Ildus Usmanov (65yo)

    Director

    • Tenure: 5.3yrs
  • Ivan Dinichenko (73yo)

    Director

    • Tenure: 5.3yrs
  • Viktor Krivosheev (66yo)

    Director

    • Tenure: 5.3yrs
  • Valentina Musikhina

    Member of Auditing Committee

    • Tenure: 0yrs
  • Valery Egorov (70yo)

    Independent Director

    • Tenure: 1.8yrs
  • Georgy Mukhamadeev (71yo)

    Independent Director

    • Tenure: 1.8yrs

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: ₽1.288t
  • 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(RUB)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
SGTP.YOTCPK (Pink Sheets LLC)ADR EACH REP 10 PFD RUB1 LVL1(BNY)USUSDJul 1998
SGNVDB (Deutsche Boerse AG)ADR EACH REP 10 PFD RUB1 LVL1(BNY)DEEURJul 1998

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 Analysis2019/10/21 21:10
End of Day Share Price2019/10/21 00:00
Earnings2019/06/30
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.