MOEX: GAZP - Газпром

Yield per half year: -18.16%
Sector: Нефтегаз

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1. Summary

Advantages

  • Positive review The stock's return over the last year (-17.78%) is higher than the sector average (-33.43%).

Disadvantages

  • Negative review Price (133.24 ₽) is higher than fair price (29.21 ₽)
  • Negative review Dividends (0%) are below the sector average (5.5%).
  • Negative review Current debt level 21.83% has increased over 5 years from 18.57%.
  • Negative review The company's current efficiency (ROE=1.8%) is lower than the sector average (ROE=13.96%)

2. Share price and performance

2.1. Share price

2.2. News

2.3. Market efficiency

Газпром Нефтегаз Index
7 days -14.1% -50.6% -3%
90 days -15.7% -48.8% 8.1%
1 year -17.8% -33.4% 27.9%

Positive review GAZP vs Sector: Газпром has outperformed the "Нефтегаз" sector by 15.64% over the past year.

Negative review GAZP vs Market: Газпром has significantly underperformed the market by -45.71% over the past year.

Positive review Stable price: GAZP is not significantly more volatile than the rest of the market on "Московская биржа" over the last 3 months, with typical variations of +/- 5% per week.

Long period: GAZP with weekly volatility of -0.342% over the past year.

3. Summary of the report

3.1. General

P/E: 10.7
P/S: 0.77

3.2. Revenue

EPS 12.5
ROE 1.8%
ROA 1.1%
ROIC 9.64%
Ebitda margin 29.8%

4. Fundamental Analysis

4.1. Stock price and price forecast

The fair price is calculated taking into account the Central Bank refinancing rate and earnings per share (EPS)

Negative review Above fair price: The current price (133.24 ₽) is higher than the fair price (29.21 ₽).

Negative review Price is higher than fair: The current price (133.24 ₽) is 78.1% higher than the fair price.

4.2. P/E

Negative review P/E vs Sector: The company's P/E (10.7) is higher than that of the sector as a whole (9.08).

Positive review P/E vs Market: The company's P/E (10.7) is lower than that of the market as a whole (19.98).

4.2.1 P/E Similar companies

4.3. P/BV

Positive review P/BV vs Sector: The company's P/BV (0.2) is lower than that of the sector as a whole (1.3489).

Positive review P/BV vs Market: The company's P/BV (0.2) is lower than that of the market as a whole (2.76).

4.3.1 P/BV Similar companies

4.4. P/S

Positive review P/S vs Sector: The company's P/S indicator (0.77) is lower than that of the sector as a whole (1.8094).

Positive review P/S vs Market: The company's P/S indicator (0.77) is lower than that of the market as a whole (2.15).

4.4.1 P/S Similar companies

4.5. EV/Ebitda

Negative review EV/Ebitda vs Sector: The company's EV/Ebitda (6.91) is higher than that of the sector as a whole (5.55).

Positive review EV/Ebitda vs Market: The company's EV/Ebitda (6.91) is lower than that of the market as a whole (7.3).

5. Profitability

5.1. Profitability and revenue

5.2. Earnings per share - EPS

5.3. Past profitability Ebitda

Negative review Yield Trend: Negative and has fallen by -15.08% over the last 5 years.

Positive review Accelerating profitability: The return for the last year (0%) exceeds the average return for 5 years (-15.08%).

Positive review Profitability vs Sector: The return for the last year (0%) exceeds the return for the sector (-71.69%).

5.4. ROE

Negative review ROE vs Sector: The company's ROE (1.8%) is lower than that of the sector as a whole (13.96%).

Negative review ROE vs Market: The company's ROE (1.8%) is lower than that of the market as a whole (46.49%).

5.5. ROA

Negative review ROA vs Sector: The company's ROA (1.1%) is lower than that of the sector as a whole (9.2%).

Negative review ROA vs Market: The company's ROA (1.1%) is lower than that of the market as a whole (7.85%).

5.6. ROIC

Negative review ROIC vs Sector: The company's ROIC (9.64%) is lower than that of the sector as a whole (12.52%).

Negative review ROIC vs Market: The company's ROIC (9.64%) is lower than that of the market as a whole (12.94%).

6. Finance

6.1. Assets and debt

Positive review Debt level: (21.83%) is quite low in relation to assets.

Negative review Increasing debt: over 5 years, the debt has increased from 18.57% to 21.83%.

Negative review Excess of debt: The debt is not covered by net income, percentage 2028.02%.

6.2. Profit growth and share price

7. Dividends

7.1. Dividend yield vs Market

Negative review Low yield: The dividend yield of the company 0% is below the average for the sector '5.5%.

7.2. Stability and increase in payments

Positive review Dividend stability: The company's dividend yield 0% has been steadily paid over the past 7 years, DSI=0.71.

Negative review Weak dividend growth: The company's dividend yield 0% has been growing weakly or stagnant over the past 5 years. Growth over only 0 years.

7.3. Payout percentage

Negative review Dividend Coverage: Current payments from income (0%) are at an uncomfortable level.

8. Insider trades

8.1. Insider trading

Positive review Insider Buying Exceeds insider sales by 100% over the last 3 months.

8.2. Latest transactions

Transaction date Insider Type Price Volume Quantity
24.07.2020 Кузнец Сергей Иванович
член Правления
Sale 185.45 98 297 800 530050

8.3. Main owners

9. Stocks forum Газпром

9.1. Latest comments

27 December 2022 00:26

У них дивдоходность ожидается порядка 25% , что действительно здорово . Конечно не 27% Лукойла, но тоже солидно.

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25 November 2022 17:38

Как думаете, стоит конкретно сейчас до конца ноября прикупить немного акций? Или подождать до декабря, когда будет информация о дивидендах и годовая коррекция цен?

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