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Gazprom Neft

DB:SCF
Snowflake Description

Excellent balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SCF
DB
RUB1,354B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Public Joint Stock Company Gazprom Neft, an integrated oil company, engages in the exploration, development, production, and sale of crude oil and gas in Russia, the CIS countries, and internationally. The last earnings update was 34 days ago. More info.


Add to Portfolio Compare Print
  • Gazprom Neft has significant price volatility in the past 3 months.
SCF Share Price and Events
7 Day Returns
8%
DB:SCF
18.1%
DE Oil and Gas
7.3%
DE Market
1 Year Returns
-24.2%
DB:SCF
21.9%
DE Oil and Gas
-17.7%
DE Market
SCF Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Gazprom Neft (SCF) 8% -35% -45.2% -24.2% -1.8% 31.6%
DE Oil and Gas 18.1% -15.9% -28.7% 21.9% -25.6% 137.4%
DE Market 7.3% -17.9% -25.8% -17.7% -25.6% -29%
1 Year Return vs Industry and Market
  • SCF underperformed the Oil and Gas industry which returned 21.9% over the past year.
  • SCF underperformed the Market in Germany which returned -17.7% over the past year.
Price Volatility
SCF
Industry
5yr Volatility vs Market

Value

 Is Gazprom Neft undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Gazprom Neft to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Gazprom Neft.

DB:SCF Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.3%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:SCF
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 8.6%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.808 (1 + (1- 20%) (59.29%))
1.128
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.13
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.128 * 8.61%)
9.32%

Discounted Cash Flow Calculation for DB:SCF using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Gazprom Neft is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:SCF DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (RUB, Millions) Source Present Value
Discounted (@ 9.32%)
2020 212,840.73 Analyst x2 194,688.47
2021 207,234.84 Analyst x2 173,393.87
2022 218,241.02 Analyst x2 167,029.37
2023 224,610.35 Analyst x2 157,243.14
2024 219,736.62 Analyst x2 140,711.59
2025 216,381.91 Est @ -1.53% 126,745.89
2026 213,816.30 Est @ -1.19% 114,561.64
2027 211,791.50 Est @ -0.95% 103,798.82
2028 210,139.77 Est @ -0.78% 94,205.80
2029 208,746.71 Est @ -0.66% 85,600.15
Present value of next 10 years cash flows RUB1,357,978.00
DB:SCF DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= RUB208,746.71 × (1 + -0.39%) ÷ (9.32% – -0.39%)
RUB2,140,601.11
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= RUB2,140,601.11 ÷ (1 + 9.32%)10
RUB877,789.99
DB:SCF Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= RUB1,357,978.00 + RUB877,789.99
RUB2,235,767.99
Equity Value per Share
(RUB)
= Total value / Shares Outstanding
= RUB2,235,767.99 / 4,718.00
RUB473.88
DB:SCF Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:SCF represents 0.05818x of MISX:SIBN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.05818x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (RUB) x Listing Adjustment Factor
= RUB 473.88 x 0.05818
€27.57
Value per share (EUR) From above. €27.57
Current discount Discount to share price of €16.70
= -1 x (€16.70 - €27.57) / €27.57
39.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Gazprom Neft is available for.
Intrinsic value
39%
Share price is €16.7 vs Future cash flow value of €27.57
Current Discount Checks
For Gazprom Neft to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Gazprom Neft's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Gazprom Neft's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Gazprom Neft's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Gazprom Neft's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:SCF PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in RUB RUB84.82
MISX:SIBN Share Price ** MISX (2020-03-30) in RUB RUB287.05
Europe Oil and Gas Industry PE Ratio Median Figure of 105 Publicly-Listed Oil and Gas Companies 5.67x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 16.36x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Gazprom Neft.

DB:SCF PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= MISX:SIBN Share Price ÷ EPS (both in RUB)

= 287.05 ÷ 84.82

3.38x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Gazprom Neft is good value based on earnings compared to the Europe Oil and Gas industry average.
  • Gazprom Neft is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Gazprom Neft's expected growth come at a high price?
Raw Data
DB:SCF PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 3.38x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
-3.5%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 65 Publicly-Listed Oil and Gas Companies 0.17x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

DB:SCF PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 3.38x ÷ -3.5%

-0.97x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Gazprom Neft earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Gazprom Neft's assets?
Raw Data
DB:SCF PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in RUB RUB436.03
MISX:SIBN Share Price * MISX (2020-03-30) in RUB RUB287.05
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 0.94x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.43x
DB:SCF PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= MISX:SIBN Share Price ÷ Book Value per Share (both in RUB)

= 287.05 ÷ 436.03

0.66x

* Primary Listing of Gazprom Neft.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Gazprom Neft is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Gazprom Neft's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Gazprom Neft has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-3.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Gazprom Neft expected to grow at an attractive rate?
  • Gazprom Neft's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Gazprom Neft's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Gazprom Neft's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:SCF Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:SCF Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts -3.5%
DB:SCF Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 5.3%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:SCF Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in RUB Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:SCF Future Estimates Data
Date (Data in RUB Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 2,770,253 2
2023-12-31 3,047,880 530,014 321,730 3
2022-12-31 2,927,111 593,185 316,460 6
2021-12-31 2,823,513 618,226 348,456 7
2020-12-31 2,286,348 525,906 216,049 5
2020-03-30
DB:SCF Past Financials Data
Date (Data in RUB Millions) Revenue Cash Flow Net Income *
2019-12-31 2,415,183 609,076 400,201
2019-09-30 2,455,917 606,188 397,971
2019-06-30 2,476,258 630,339 425,231
2019-03-31 2,441,250 623,010 414,896
2018-12-31 2,362,513 537,523 376,667
2018-09-30 2,222,361 487,555 362,943
2018-06-30 2,019,644 450,861 308,480
2018-03-31 1,863,346 439,654 260,986
2017-12-31 1,806,360 421,700 253,274
2017-09-30 1,746,386 411,464 241,699
2017-06-30 1,699,874 356,630 221,053
2017-03-31 1,644,913 302,956 220,591

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Gazprom Neft's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Gazprom Neft's revenue is expected to grow by 5.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:SCF Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Gazprom Neft Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:SCF Future Estimates Data
Date (Data in RUB Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31
2021-12-31 109.67 111.28 108.05 2.00
2020-12-31 64.13 72.73 55.52 2.00
2020-03-30
DB:SCF Past Financials Data
Date (Data in RUB Millions) EPS *
2019-12-31 84.82
2019-09-30 84.35
2019-06-30 90.13
2019-03-31 87.94
2018-12-31 79.84
2018-09-30 76.93
2018-06-30 65.38
2018-03-31 55.32
2017-12-31 53.68
2017-09-30 51.23
2017-06-30 46.85
2017-03-31 46.76

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Gazprom Neft is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Gazprom Neft's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Gazprom Neft has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Gazprom Neft performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Gazprom Neft's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Gazprom Neft has delivered over 20% year on year earnings growth in the past 5 years.
  • Gazprom Neft's 1-year earnings growth is less than its 5-year average (6.2% vs 30.1%)
  • Gazprom Neft's earnings growth has exceeded the Europe Oil and Gas industry average in the past year (6.2% vs -4.1%).
Earnings and Revenue History
Gazprom Neft's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Gazprom Neft Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:SCF Past Revenue, Cash Flow and Net Income Data
Date (Data in RUB Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 2,415,183.00 400,201.00 127,344.00
2019-09-30 2,455,917.00 397,971.00 123,417.00
2019-06-30 2,476,258.00 425,231.00 121,416.00
2019-03-31 2,441,250.00 414,896.00 117,433.00
2018-12-31 2,362,513.00 376,667.00 116,293.00
2018-09-30 2,222,361.00 362,943.00 118,437.00
2018-06-30 2,019,644.00 308,480.00 112,576.00
2018-03-31 1,863,346.00 260,986.00 108,257.00
2017-12-31 1,806,360.00 253,274.00 107,592.00
2017-09-30 1,746,386.00 241,699.00 105,528.00
2017-06-30 1,699,874.00 221,053.00 107,550.00
2017-03-31 1,644,913.00 220,591.00 109,461.00
2016-12-31 1,545,608.00 200,179.00 110,176.00
2016-09-30 1,479,243.00 126,260.00 103,775.00
2016-06-30 1,454,524.00 87,702.00 106,671.00
2016-03-31 1,469,648.00 112,073.00 104,078.00
2015-12-31 1,467,943.00 109,661.00 101,098.00
2015-09-30 1,445,741.00 113,443.00 103,775.00
2015-06-30 1,434,904.00 146,848.00 93,933.00
2015-03-31 1,416,475.00 123,406.00 91,524.00
2014-12-31 1,408,238.00 122,093.00 87,254.00
2014-09-30 1,392,067.00 182,294.00 80,434.00
2014-06-30 1,365,316.00 187,895.00 81,272.00
2014-03-31 1,295,718.00 176,166.00 77,173.00
2013-12-31 1,267,603.00 177,917.00 74,881.00
2013-09-30 1,256,478.00 176,773.00 72,833.00
2013-06-30 1,243,177.00 175,191.00 73,042.00
2013-03-31 1,246,110.00 167,490.00 71,883.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Gazprom Neft has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Gazprom Neft used its assets more efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • Gazprom Neft has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Gazprom Neft's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Gazprom Neft has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Gazprom Neft's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Gazprom Neft's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Gazprom Neft is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Gazprom Neft's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Gazprom Neft's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Gazprom Neft Company Filings, last reported 2 months ago.

DB:SCF Past Debt and Equity Data
Date (Data in RUB Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 2,213,197.00 715,228.00 222,310.00
2019-09-30 2,224,846.00 723,874.00 318,615.00
2019-06-30 2,116,668.00 723,300.00 313,992.00
2019-03-31 2,047,566.00 770,503.00 323,408.00
2018-12-31 1,991,819.00 775,453.00 248,432.00
2018-09-30 2,000,930.00 677,208.00 135,993.00
2018-06-30 1,838,637.00 674,821.00 70,972.00
2018-03-31 1,743,457.00 710,410.00 101,928.00
2017-12-31 1,659,133.00 680,414.00 96,387.00
2017-09-30 1,622,498.00 666,819.00 71,248.00
2017-06-30 1,534,766.00 675,294.00 69,982.00
2017-03-31 1,509,185.00 652,952.00 41,910.00
2016-12-31 1,444,167.00 676,408.00 34,507.00
2016-09-30 1,397,279.00 682,383.00 40,090.00
2016-06-30 1,336,435.00 709,347.00 80,168.00
2016-03-31 1,302,775.00 733,158.00 97,317.00
2015-12-31 1,248,489.00 818,098.00 163,553.00
2015-09-30 1,254,088.00 672,848.00 145,308.00
2015-06-30 1,232,813.00 569,475.00 119,260.00
2015-03-31 1,165,136.00 600,513.00 138,727.00
2014-12-31 1,129,785.00 563,427.00 129,827.00
2014-09-30 1,089,487.00 418,388.00 146,982.00
2014-06-30 1,060,371.00 369,541.00 152,937.00
2014-03-31 1,042,312.00 386,725.00 206,571.00
2013-12-31 998,021.00 313,868.00 127,946.00
2013-09-30 949,530.00 243,234.00 99,518.00
2013-06-30 907,882.00 245,660.00 111,875.00
2013-03-31 911,347.00 230,111.00 75,376.00
  • Gazprom Neft's level of debt (32.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (49.9% vs 32.3% today).
  • Debt is well covered by operating cash flow (85.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 40.7x coverage).
X
Financial health checks
We assess Gazprom Neft's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Gazprom Neft has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
10.45%
Current annual income from Gazprom Neft dividends. Estimated to be 13.66% next year.
If you bought €2,000 of Gazprom Neft shares you are expected to receive €209 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Gazprom Neft's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.7%).
  • Gazprom Neft's dividend is above the markets top 25% of dividend payers in Germany (4.97%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:SCF Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 9.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 1%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:SCF Future Dividends Estimate Data
Date (Data in RUB) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31 33.94 1.00
2022-12-31 40.64 2.00
2021-12-31 46.19 4.00
2020-12-31 32.81 4.00
2020-03-30
DB:SCF Past Annualized Dividends Data
Date (Data in RUB) Dividend per share (annual) Avg. Yield (%)
2019-05-21 30.000 7.425
2018-11-12 27.050 7.798
2018-04-20 15.000 4.450
2017-11-15 10.000 3.667
2017-02-22 10.680 5.143
2016-04-15 6.470 3.604
2015-03-02 11.090 7.590
2014-08-12 9.910 6.587
2014-03-28 9.380 6.611
2014-02-28 10.580 7.699
2013-11-12 8.180 5.591
2013-10-01 8.180 5.596
2013-05-23 5.990 4.785
2011-06-09 4.440 3.170
2010-01-22 5.400 4.152

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Gazprom Neft's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.2x coverage).
X
Income/ dividend checks
We assess Gazprom Neft's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Gazprom Neft afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Gazprom Neft has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Alexander Dyukov
COMPENSATION RUB0
AGE 52
TENURE AS CEO 13.2 years
CEO Bio

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 Companiya Jsc, a subsidiary of JSB Gazprombank, an affiliate of the Russian corporation OAO Gazprom, since December 2005. Mr. Dyukov serves as the General Director of Joint Stock Company Gazprom Neft at JSC Gazprom. He has been the Chairman of Management Board of Gazprom Neft since 2007 and serves as its Chief Executive Officer since 2007. He has been General Director of Public Joint Stock Company Gazprom Neft since December 2006. He served as the President of Public Joint Stock Company Gazprom Neft until 2008. He also served as Chief Executive of Sibur Holding, a subsidiary of JSC Gazprom (formerly, Gazprom OAO). He served as Acting President of Gazprom Neft since November 22, 2006. He served as the Chief Executive Officer of Joint Stock Company Gazpromneft Moscow Refinery until November 2009. He served as the President of JSC Sibur since February 2003 and served as President of JSC SIBUR Holding (also known as JSC AKS Holding) since July 2005. Mr. Dyukov served as a Financial Director and later General Director of JV Petersburg Oil Terminal CJSC., from 1996 to 1998. He served as a Director of Economy at JSC Sea Port Saint-Petersburg, since 1998. He served as a General Director of JSC Sea Port Saint-Petersburg, since 1999. He served as Chief Advisor to General Director of JV Petersburg Oil Terminal CJSC since 2000. Mr. Dyukov served as the Chairman of Slavneft Oil & Gas Company since March 2013 until July 2014. He serves as the Deputy Chairman of Public Joint Stock Company "SIBUR Holding" and has been its Director since 2005 He serves as the Deputy Chairman of CJSC SIBUR Holding. He serves as Deputy Board Chairman of JSC Sibur-Neftehim. He served as Vice Chairman of NIS a.d. (formerly, Naftna Industrija Srbije a.d. Novi Sad). He has been a Director of Gazprom Neft since November 2007. He serves as a Director of Slavneft Oil & Gas Company and JSC SIBUR Holding. After completion of Graduation from school, he entered Leningrad order of Lenin Shipbuilding Institute. Mr. Dyukov received IMISP MBA Degree in 2001.

CEO Compensation
  • Insufficient data for Alexander to compare compensation growth.
  • Insufficient data for Alexander to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Gazprom Neft management team in years:

12.2
Average Tenure
51.5
Average Age
  • The average tenure for the Gazprom Neft management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Alexander Dyukov

TITLE
CEO, Chairman of the Management Board & Executive Director
AGE
52
TENURE
13.2 yrs

Anatoly Cherner

TITLE
Deputy Chairman of the Management Board and Deputy CEO of Logistics
AGE
65
TENURE
12.3 yrs

Vadim Yakovlev

TITLE
Deputy Chairman of the Management Board & Deputy CEO for Upstream
AGE
49
TENURE
12.2 yrs

Andrei Yankevich

TITLE
CFO, Deputy CEO of Economics & Finance and Member of the Management Board
AGE
46

Aleksander Dybal

TITLE
Deputy CEO of Corporate Communications & Member of the Management Board
AGE
53
TENURE
12.3 yrs

Kirill Kravchenko

TITLE
Deputy CEO for Organizational Affairs & Member of Management Board
AGE
43
TENURE
12 yrs

Elena Ilyukhina

TITLE
Deputy CEO of Legal & Corporate Affairs and Member of the Management Board
AGE
50
TENURE
12.3 yrs

Igor Antonov

TITLE
Deputy CEO of Security & Member of the Management Board
AGE
68
TENURE
12 yrs

Vladislav Baryshnikov

TITLE
Deputy CEO of International Business Development & Member of the Management Board
AGE
54
TENURE
10.3 yrs

Sergey Menshikov

TITLE
Member of Management Board
AGE
51
TENURE
1 yrs
Board of Directors Tenure

Average tenure and age of the Gazprom Neft board of directors in years:

8.2
Average Tenure
51
Average Age
  • The tenure for the Gazprom Neft board of directors is about average.
Board of Directors

Alexei Miller

TITLE
Chairman
COMPENSATION
RUB34M
AGE
57
TENURE
14.3 yrs

Alexander Dyukov

TITLE
CEO, Chairman of the Management Board & Executive Director
AGE
52
TENURE
12.3 yrs

Galina Delvig

TITLE
Head of Department of Internal Audit & Member of Audit Commission
AGE
59
TENURE
1.8 yrs

Mikhail Sereda

TITLE
Non-executive Director
COMPENSATION
RUB26M
AGE
49
TENURE
6.3 yrs

Andrey Vyacheslavovich Kruglov

TITLE
Non-Executive Director
COMPENSATION
RUB25M
AGE
50
TENURE
14.3 yrs

Kirill Seleznev

TITLE
Non-executive Director
COMPENSATION
RUB23M
AGE
45
TENURE
14.3 yrs

Vladimir Alisov

TITLE
Non-executive Director
COMPENSATION
RUB23M
AGE
59

Elena Mikhailova

TITLE
Non-executive Director
COMPENSATION
RUB23M
AGE
42
TENURE
8.2 yrs

Valery Serdyukov

TITLE
Independent Director
COMPENSATION
RUB23M
AGE
74
TENURE
7.3 yrs

Andrey Dmitriev

TITLE
Director
AGE
45
TENURE
1.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Gazprom Neft's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Gazprom Neft has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Public Joint Stock Company Gazprom Neft, an integrated oil company, engages in the exploration, development, production, and sale of crude oil and gas in Russia, the CIS countries, and internationally. The company is also involved in the production, distribution, and marketing of refined petroleum products. It holds interests in 90 resource licenses in the oil-producing regions of Russia; and production projects in Angola, Bosnia, Herzegovina, Romania, Serbia, Iraq, and Venezuela. As of December 31, 2018, the company had total proved reserves of 6,439 million barrels of oil equivalent. It also produces and sells motor and jet fuels, lubricants, bitumen products, and petrochemical products, as well as provides bunkering services to various industries and sectors. The company sells its fuels through 1,838 filling stations. Public Joint Stock Company Gazprom Neft was founded in 1995 and is based in St. Petersburg, Russia.

Details
Name: Public Joint Stock Company Gazprom Neft
SCF
Exchange: DB
Founded: 1995
RUB15,369,985,252
4,718,000,000
Website: http://www.gazprom-neft.com
Address: Public Joint Stock Company Gazprom Neft
3-5, Pochtamtskaya Street,
St. Petersburg,
190000,
Russia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
MISX SIBN Common Stock Micex - Rts RU RUB 12. Aug 1996
LSE GAZ LEVEL 1 ADR REPR 5 ORD RUB London Stock Exchange GB USD 17. Aug 1999
OTCPK GZPF.Y LEVEL 1 ADR REPR 5 ORD RUB Pink Sheets LLC US USD 17. Aug 1999
DB SCF LEVEL 1 ADR REPR 5 ORD RUB Deutsche Boerse AG DE EUR 17. Aug 1999
BATS-CHIXE GAZL LEVEL 1 ADR REPR 5 ORD RUB BATS 'Chi-X Europe' GB USD 17. Aug 1999
Number of employees
Current staff
Staff numbers
0
Gazprom Neft employees.
Industry
Integrated Oil and Gas
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/30 22:07
End of day share price update: 2020/03/30 00:00
Last estimates confirmation: 2020/03/25
Last earnings filing: 2020/02/25
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.