PAO NOVATEK, an independent oil and gas company, engages in the acquisition, exploration, development, production, processing, marketing, and export of natural gas and liquid hydrocarbons.
Flawless balance sheet with solid track record and pays a dividend.
Share Price & News
How has PAO NOVATEK's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NOVK.Y's share price has been volatile over the past 3 months.
7 Day Return
US Oil and Gas
1 Year Return
US Oil and Gas
Return vs Industry: NOVK.Y exceeded the US Oil and Gas industry which returned -56.1% over the past year.
Return vs Market: NOVK.Y underperformed the US Market which returned -10.7% over the past year.
Price Volatility Vs. Market
How volatile is PAO NOVATEK's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is PAO NOVATEK undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: NOVK.Y ($116) is trading above our estimate of fair value ($89.96)
Significantly Below Fair Value: NOVK.Y is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: NOVK.Y is good value based on its PE Ratio (3.1x) compared to the Oil and Gas industry average (6.9x).
PE vs Market: NOVK.Y is good value based on its PE Ratio (3.1x) compared to the US market (13.1x).
Price to Earnings Growth Ratio
PEG Ratio: NOVK.Y's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: NOVK.Y is overvalued based on its PB Ratio (1.6x) compared to the US Oil and Gas industry average (0.5x).
How is PAO NOVATEK forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NOVK.Y's earnings are forecast to decline over the next 3 years (-1% per year).
Earnings vs Market: NOVK.Y's earnings are forecast to decline over the next 3 years (-1% per year).
High Growth Earnings: NOVK.Y's earnings are forecast to decline over the next 3 years.
Revenue vs Market: NOVK.Y's revenue (9.1% per year) is forecast to grow faster than the US market (7.2% per year).
High Growth Revenue: NOVK.Y's revenue (9.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NOVK.Y's Return on Equity is forecast to be low in 3 years time (17.3%).
How has PAO NOVATEK performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NOVK.Y has a high level of non-cash earnings.
Growing Profit Margin: NOVK.Y's current net profit margins are higher than last year (21.1%).
Past Earnings Growth Analysis
Earnings Trend: NOVK.Y's earnings have grown significantly by 48.7% per year over the past 5 years.
Accelerating Growth: NOVK.Y's earnings growth over the past year (428.6%) exceeds its 5-year average (48.7% per year).
Earnings vs Industry: NOVK.Y earnings growth over the past year (428.6%) exceeded the Oil and Gas industry -11.4%.
Return on Equity
High ROE: NOVK.Y's Return on Equity (53%) is considered outstanding.
How is PAO NOVATEK's financial position?
Financial Position Analysis
Short Term Liabilities: NOVK.Y's short term assets (RUB496.5B) exceed its short term liabilities (RUB117.1B).
Long Term Liabilities: NOVK.Y's short term assets (RUB496.5B) exceed its long term liabilities (RUB228.7B).
Debt to Equity History and Analysis
Debt Level: NOVK.Y's debt to equity ratio (9.1%) is considered satisfactory.
Reducing Debt: NOVK.Y's debt to equity ratio has reduced from 63.4% to 9.1% over the past 5 years.
Debt Coverage: NOVK.Y's debt is well covered by operating cash flow (202.1%).
Interest Coverage: NOVK.Y earns more interest than it pays, so coverage of interest payments is not a concern.
Inventory Level: NOVK.Y has a high level of physical assets or inventory.
Debt Coverage by Assets: NOVK.Y's debt is covered by short term assets (assets are 3.3x debt).
What is PAO NOVATEK's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NOVK.Y's dividend (3.59%) is higher than the bottom 25% of dividend payers in the US market (1.95%).
High Dividend: NOVK.Y's dividend (3.59%) is low compared to the top 25% of dividend payers in the US market (5.37%).
Stability and Growth of Payments
Stable Dividend: NOVK.Y's dividends per share have been stable in the past 10 years.
Growing Dividend: NOVK.Y's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (11.2%), NOVK.Y's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: NOVK.Y's dividends in 3 years are forecast to be well covered by earnings (48.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Leonid Mikhelson (64yo)
Mr. Leonid Viktorovich Mikhelson has been the Chairman of Executive Management Board at Joint Stock Company NOVATEK (formerly known as OAO Novatek) since 2003 and serves as its General Director and Chief E ...
|CEO, Chairman of the Management Board||no data||no data||no data|
|Deputy Chairman of the Management Board & CFO||9.75yrs||no data||no data|
|First Deputy Chairman of Management Board||16.25yrs||no data||0.083% RUB28.6m|
|Deputy Chairman of Management Board & Director of Legal Department||no data||no data||0.20% RUB68.1m|
|Deputy Chairman of Management Board||15.25yrs||no data||0.029% RUB10.1m|
|First Deputy Chairman of the Management Board||5.17yrs||no data||no data|
|Deputy Chairman of Management Board||4.08yrs||no data||no data|
|Deputy Chairman of the Management Board||2.25yrs||no data||0.00081% RUB280.5k|
|Deputy Chairman of Management Board & Operations Director||2.92yrs||no data||0.00030% RUB103.9k|
|Deputy Chairman of the Management Board||1.58yrs||no data||0.00030% RUB103.9k|
Experienced Management: NOVK.Y's management team is considered experienced (4.6 years average tenure).
|CEO, Chairman of the Management Board||no data||no data||no data|
|Independent Director||5yrs||no data||no data|
|Independent Director||11.5yrs||no data||no data|
|Director||4.5yrs||no data||0.013% RUB4.7m|
|Chairman||16.25yrs||no data||no data|
|Director||5yrs||no data||no data|
|Director||4.5yrs||no data||no data|
|Independent Director||6yrs||no data||no data|
|Director||1.25yrs||no data||no data|
|Member of the Board||no data||no data||0.00030% RUB103.9k|
Experienced Board: NOVK.Y's board of directors are considered experienced (5 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
PAO NOVATEK's company bio, employee growth, exchange listings and data sources
- Name: PAO NOVATEK
- Ticker: NOVK.Y
- Exchange: OTCPK
- Founded: 1994
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Market Cap: US$34.627b
- Shares outstanding: 300.32m
- Website: https://www.novatek.ru
- PAO NOVATEK
- Ulitsa Pobedy 22a
- Yamalo-Nenetsky AO
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|NVTK||MISX (Micex - Rts)||Ordinary Shares||RU||RUB||Dec 2004|
|NVTK||LSE (London Stock Exchange)||Yes||GDR EACH REPR 10 ORD 'REG S'||GB||USD||Jul 2005|
|N1O||DB (Deutsche Boerse AG)||Yes||GDR EACH REPR 10 ORD 'REG S'||DE||EUR||Jul 2005|
|NOVK.Y||OTCPK (Pink Sheets LLC)||Yes||GDR EACH REPR 10 ORD 'REG S'||US||USD||Jul 2005|
|NVTKL||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||GDR EACH REPR 10 ORD 'REG S'||GB||USD||Jul 2005|
|NVTK||WBAG (Wiener Boerse AG)||Yes||GDR EACH REPR 10 ORD 'REG S'||AT||EUR||Jul 2005|
PAO NOVATEK, an independent oil and gas company, engages in the acquisition, exploration, development, production, processing, marketing, and export of natural gas and liquid hydrocarbons. It principally holds interests in reserves located in the Yamal-Nenets Autonomous Region, Western Siberia. The company sells natural gas, stable gas condensate, gas condensate refined products, liquefied petroleum gas, crude oil and gas condensate refined products, naphtha, diesel fuel, and petrol. It is also involved in the wholesale and retail trading activities; and provision of transportation services. The company operates a network of refueling stations and wholesale stations under the NOVATEK-AZK name. It operates in Russia, rest of Europe, the Asia-Pacific region, the Middle East, and North America. The company was formerly known as OAO NOVATEK and changed its name to PAO NOVATEK in October 2016. PAO NOVATEK was founded in 1994 and is based in Tarko-Sale, Russia.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/01 04:27|
|End of Day Share Price||2020/03/31 00:00|
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.