Financials Gazprom

Equities

GAZP

RU0007661625

Integrated Oil & Gas

End-of-day quote Moscow Micex - RTS 03:30:00 08/07/2022 am IST 5-day change 1st Jan Change
198 RUB +0.04% Intraday chart for Gazprom -.--% -.--%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 28,84,050 33,92,350 58,51,048 50,28,951 81,16,688 46,81,614
Enterprise Value (EV) 1 49,22,628 55,83,754 85,59,617 91,09,726 1,10,43,315 88,10,487
P/E ratio 4.04 x 2.33 x 4.8 x 37.6 x 3.9 x 3.87 x
Yield 6.16% 10.8% 5.94% 5.9% 15.3% -
Capitalization / Revenue 0.44 x 0.41 x 0.76 x 0.8 x 0.79 x 0.4 x
EV / Revenue 0.75 x 0.68 x 1.12 x 1.44 x 1.08 x 0.75 x
EV / EBITDA 3.39 x 2.07 x 4.21 x 6.74 x 3.02 x 2.28 x
EV / FCF -18.9 x 233 x -18.6 x -14.9 x 18.8 x -39.4 x
FCF Yield -5.28% 0.43% -5.39% -6.73% 5.32% -2.54%
Price to Book 0.25 x 0.26 x 0.43 x 0.36 x 0.51 x 0.3 x
Nbr of stocks (in thousands) 2,21,00,000 2,21,00,000 2,28,20,000 2,36,44,513 2,36,44,513 2,36,44,513
Reference price 2 130.5 153.5 256.4 212.7 343.3 198.0
Announcement Date 27/04/18 29/04/19 29/04/20 29/04/21 28/04/22 24/04/23
1RUB in Million2RUB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 65,46,143 82,24,177 76,59,623 63,21,559 1,02,41,353 1,16,73,950
EBITDA 1 14,51,650 27,02,708 20,31,343 13,50,892 36,60,200 38,59,282
EBIT 1 8,69,488 20,38,094 13,49,947 5,75,427 28,69,328 29,46,734
Operating Margin 13.28% 24.78% 17.62% 9.1% 28.02% 25.24%
Earnings before Tax (EBT) 1 10,18,006 18,52,562 16,27,065 1,33,469 27,69,514 21,90,558
Net income 1 7,14,302 14,56,270 12,02,887 1,35,341 20,93,071 12,25,807
Net margin 10.91% 17.71% 15.7% 2.14% 20.44% 10.5%
EPS 2 32.32 65.89 53.46 5.660 88.07 51.11
Free Cash Flow 1 -2,59,802 23,920 -4,61,147 -6,13,430 5,87,399 -2,23,893
FCF margin -3.97% 0.29% -6.02% -9.7% 5.74% -1.92%
FCF Conversion (EBITDA) - 0.89% - - 16.05% -
FCF Conversion (Net income) - 1.64% - - 28.06% -
Dividend per Share 2 8.040 16.61 15.24 12.55 52.53 -
Announcement Date 27/04/18 29/04/19 29/04/20 29/04/21 28/04/22 24/04/23
1RUB in Million2RUB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 20,38,578 21,91,404 27,08,569 40,80,775 29,26,627 41,28,873
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 1.404 x 0.8108 x 1.333 x 3.021 x 0.7996 x 1.07 x
Free Cash Flow 1 -2,59,803 23,921 -4,61,147 -6,13,430 5,87,399 -2,23,893
ROE (net income / shareholders' equity) 6.54% 11.9% 8.94% 1.1% 13.6% 7.87%
ROA (Net income/ Total Assets) 3.09% 6.52% 3.95% 1.59% 7.12% 6.93%
Assets 1 2,31,06,848 2,23,21,393 3,04,33,574 85,11,477 2,94,11,936 1,76,96,584
Book Value Per Share 2 526.0 601.0 597.0 594.0 674.0 653.0
Cash Flow per Share 2 39.30 38.40 29.40 43.80 85.20 49.00
Capex 1 15,32,939 17,74,360 18,98,771 16,55,641 20,85,381 23,74,311
Capex / Sales 23.42% 21.57% 24.79% 26.19% 20.36% 20.34%
Announcement Date 27/04/18 29/04/19 29/04/20 29/04/21 28/04/22 24/04/23
1RUB in Million2RUB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise