Gazprom is a gas company basically focused on geological exploration, production, transmission, storage, processing and marketing of gas and other hydrocarbons. It is Russia's 4th largest Oil & gas company by market capitalisation.
Independent Ratings and Relative Value Indicators
+ Top 100 Polluters:
According to environmental non-profit Carbon Disclosure Project (CDP) just 100 companies have been the source of more than 70% of the world's greenhouse gas emissions from 1988 to 2015. The CDP ranked Gazprom PJSC 3 [rank 1 is worst] in the top 100 polluters. Gazprom PJSC contributed 3.91% of global industrial greenhouse gas emissions in that period. + Platts 250:
It is the largest company in the Platts Top 250 Global Energy Company Rankings. + Newsweek 500:
It was ranked 331 by Newsweek and Corporate Knights Capital in the World's 500 Greenest Companies 2016. It had outstanding scores of 4.4% in Carbon productivity, 1.8% in Waste productivity and 1% in Water productivity. + Industryweek 1000:
It is a new entrant in the Industry Week list of the world's largest 1000 manufacturers by Revenues in 2016, ranked 35. + Brand Finance 500:
It was ranked 180 in the Brand Finance list of the world's 500 Valuable Banking brands by brand value in 2015; a deterioration over a year from rank 147 in 2014. Brand Finance valued the brand at US$868 million. + IHS Energy 50:
It was ranked 8 in IHS Energy's list of Top 50 Energy Companies 2013; an improvement over a year from rank 9 in 2012.
+ Sales were up 12,464.1% from $1 billion in FY2021 to $127.7 billion in FY2022.
+ Net profit was up 1,180% from $1 billion in FY2021 to $13.4 billion in FY2022.
Financials, FY 2022 [year-ended 31 December 2022 ]
Gazprom Net Profit up 1,180%
Gazprom (MICEX:GAZP) reported net profit for the year-ended 31 December 2022 [FY2022] of RUB1,226b ($16.7b), up 1,180% from RUB95.8b ($1.3b) in the previous year [FY2021].
Annual growth in Revenue and Net Profit
Year-ended
31 December [FY/2022]
31 December [FY/2021]
Revenue, RUB Billion
11,674
92.9
Revenue, $ Billion
159
1.3
Growth in Revenue %
12464.1
25.4
Net Profit, RUB Billion
1,226
95.8
Net Profit, $ Billion
16.7
1.3
Growth in Net Profit %
1180.0
71.0
EPS
RUB83.84
-
Major changes compared with previous year (FY2022 vs FY2021): Favourable Changes:
- Total liabilities to Total assets down 55.6% from 0.9 to 0.4
- Total non-current assets to Total Assets up from 4.3% to 82.3%
- Fixed Assets to Total Assets up from 1.3% to 67.7%
- Long-term investments to Total Assets up from 0.7% to 6.7%
- Total Liabilities to EBITDA of 3.4 compares favourably with the Joseph Piotroski benchmark of <5. This ratio has improved by 94.6% from the previous year's ratio of 62.5. Unfavourable Changes:
- EBIT Margin down from 170.0% to 18.8%
- Working capital to total assets down from 19.1% to 6.6%
- Total current assets to Total Assets down from 19.1% to 17.7%
Year-on-year comparison of Performance Ratios [FY2022 vs FY2021]
Five-year record of growth and performance:
In the last 5 years Total Revenue averaged RUB4,875.1B, EBITDA averaged RUB1,348.1B and Net Profit averaged RUB852.4B. Compound Annual Growth Rate (CAGR) averaged 12.3% for Total Revenue, 11.4% for Net Profit and 24.6% for EBITDA.
Description
Annual (RUB B)
5-year Avg (RUB B)
5-year CAGR %
Total Revenue
11,674
4,875.1
12.3
EBITDA
3,052.9
1,348.1
24.6
Operating Profit
2,190.6
1,175.6
16.6
Net Profit
1,225.8
852.4
11.4
Five-year record of EBITDA, Operating Profit, Net Profit, ROE, ROA and ROCE
In 2022 Net Profit Margin of 11.2% was below its 5-year Avg of 45.0% (All Figures in %)
Description
2022
5-year Avg
EBITDA Margin
26.2
63.1
Operating Profit Margin
18.8
61.7
Net Profit Margin
11.2
45
Return on Equity
8.3
9.4
Return on Assets
5
4
Return on Capital Employed
9.4
6.1
Peer Comparison & Ranking of GAZP
PEER COMPARISON: GAZP IN INDICES
Gazprom is a constituent of the following indices.
Its market capitalisation is $42 billion and accounts for 9.1% of the combined MCap of the RTS Index.
Index Name
MCap of Index ($ b)
GAZP MCap as % of Index
RTS Index
458
9.1
MOEX Russia Index
464
9.0
GLOBAL PEER COMPARISON: GAZP - SIZE (all figures in $)
In its Global Peer Group of 9 companies GAZP is ranked first (1) by Revenue, Total Assets, second (2) by Net Profit and fifth (5) by MCap.
Name (Code)
MCap
Revenue
Net Profit
Total Assets
Rank of GAZP
5
1
2
1
Gazprom (GAZP)
41.9B
126.4B
13.3B
283B
Hess (HES)
46.3B
10.6B
1.4B
24B
Oil and Natural Gas Corporation (ONGC)
42.7B
83B
4.2B
73.6B
Petroleo Brasileiro SA Petrobras Preference Shares (PETR4)
42.3B
98.8B
24.1B
202.9B
Novatek (NVTK)
42B
12.5B
4.7B
26.6B
Kinder Morgan (KMI)
39.4B
15.3B
2.4B
71B
Gazprom Neft (SIBN)
39.3B
33.2B
5.5B
53.7B
Cenovus Energy (CVE)
38.6B
48.6B
4.7B
40.6B
Imperial Oil (IMO)
37B
43.4B
5.3B
31.6B
GLOBAL PEER COMPARISON: GAZP - RELATIVE VALUE INDICATORS
In value terms, comparing relative value of its shares, GAZP is ranked
+ 1 out of 9 by Price/Sales per share [0.3]
Name (Code)
Currency Code
Last Price
Div Yld (%)
P/E
P/S
P/Book
Rank of GAZP by value
1
Gazprom (GAZP)
RUB
164.6
0.3
Hess (HES)
USD
150.8
1.2
33.4
4.3
5.5
Oil and Natural Gas Corporation (ONGC)
INR
283.1
3.6
8.5
0.6
1.3
Petroleo Brasileiro SA Petrobras Preference Shares (PETR4)
BRL
39.8
9.0
0.4
Novatek (NVTK)
RUB
1,283.8
10.8
9.0
2.1
Kinder Morgan (KMI)
USD
17.8
6.4
16.8
2.6
4.1
Gazprom Neft (SIBN)
RUB
771.3
1.6
7.4
1.7
Cenovus Energy (CVE)
CAD
28.6
2.0
8.7
0.8
2.3
Imperial Oil (IMO)
CAD
95.5
2.2
8.3
0.9
2.3
USD 1=
92.957409 Russian Ruble (RUB)
BUYSELLSIGNALS FUNDAMENTALS VALUATION RANKING:
Gazprom vs Russian Market
Out of 155 stocks in the Russian Market, Gazprom is ranked first(1) by Net Profit $, second(2) by P/Earnings, second(2) by Price/Net Tangible Assets and seventh(7) by Premium to 52-Wk Low.
Russian Avg
GAZP
GAZP Rank
Net Profit $
267.4 M
13.2 B
1
P/Earnings
13.5x
1.96x
2
Price/Net Tangible Assets
1.4x
0.2x
2
Premium to 52-Wk Low (%)
76.7
5.7
7
EBITDA Margin%
17.6
26.2
53
Total Debt/Equity (the lower the better)
0.5x
0.3x
82
ROA (%)
1.5
5.02
98
Discount to 52-Wk High (%)
4.7
11.2
142
Negative values are shown in brackets.
GLOBAL RANK [out of 46,437 stocks] AND RANK OF GAZPROM IN THE EUROPE REGION [out of 7,424 stocks]
Description
Value
Global Rank
In Eur Region
MCap ($)
41.9B
437
87
Total Assets ($)
283B
284
61
Revenue ($)
126.4B
105
23
Net Profit ($)
13.3B
99
22
Return on Equity %
8.3
15,922
2,746
Net Profit Margin %
11.2
10,869
1,772
Price to Book
0.2
2,080
350
Price/Earnings
2.0
603
148
PV1000 (1Year) $*
801
27,150
4,294
$* Change (1Year) %
-18.1
26,556
4,183
* 1 year ago $1 = RUB 81.87
Apr 17, 2024: $ 1 equals RUB 92.95
RANK OF GAZPROM IN THE MICEX INDEX [out of 34 stocks], IN THE RUSSIAN MARKET [out of 198 stocks] AND IN THE OIL & GAS SECTOR [out of 20 stocks]
Description
Value
In MICEX Index
In Russian Market
In Oil & gas sector
Return on Equity %
8.3
24
98
15
Net Profit Margin %
11.2
20
56
13
Price to Book
0.2
2
10
5
Price/Earnings
2.0
1
6
2
PV1000 (1Year) RUB
905
32
177
18
Glossary
ADVT: Average Daily Volume of shares Traded
Annual Return: Dividends Paid In a 12-Month Period/Price at the Beginning of the Period + Capital Gain or Loss over 1 Year/Price 1 Year Ago (%)
Capital Gain/Loss from n Years Ago to n-1 Years Ago: Capital Gain or Loss over 1 Year/Price 1 Year Ago (%)
Current Ratio: Current Assets/Current Liabilities (times)
EBIT Margin : Earnings Before Interest and Tax/Revenue (%)
Moving Average Price (n periods): Sum of Prices for each Period/Number of Periods
PV1000: Present value of 1000 invested 1 year/'n' years ago
Price Close/Moving Avg Price: Latest Price/Moving Average Price
Price/Earnings: Share Price/Earnings Per Share (times)
Price/NTA: Closing Share Price/Net Tangible Assets Per Share (times)
Price/Sales: Share Price/Sales Per Share (times)
Relative Price Change [RPC]: Relative price change is price change of stock with respect to Benchmark Index
Relative Strength (6 Months): Price close today/Price close 6 months ago, then ranked by percentile within the entire market.
Return on Assets: Net Profit/Total Assets (%)
Return on Equity (Shareholders' Funds): Net Profit/Net Assets (%)
TSR: Total Shareholder Returns is expressed as an annualized rate of return for shareholders after allowing for capital appreciation and dividend
Total Liabilities/Total Assets: Total Liabilities/Total Assets
Volume Index (VI): Number of shares traded in the period/Average number of shares traded for the period
Volume Weighted Average Price (VWAP): The Volume Weighted Average Price (VWAP) is the summation of turnover divided by total volume in the same period.
Disclaimer: While this document is based on information sources which are considered reliable, it has been prepared without consideration of your specific investment objectives, financial situation or needs, so you should carry out your own analysis or seek professional investment advice before an investment decision is made. The document contains unbiased, independent equities data and analysis from Jupiter International (Australia) Pty Ltd trading as BuySellSignals (AFS Licence 222756), who provide round the clock analysis on every stock, every sector, every market, every day. BuySellSignals is not a broker, and does not have executing, corporate advisory or investment banking functions. Jupiter International (Australia) Pty Ltd, its directors, employees and contractors do not represent, warrant or guarantee, expressly or impliedly, that the information contained in this document is complete or accurate.
Data for the BuySellSignals algorithms is drawn from annual reports, company websites and similar sources of publicly available data. It should be used as a guide only.
