Financials Gazprom Neft

Equities

SIBN

RU0009062467

Integrated Oil & Gas

End-of-day quote Moscow Micex - RTS 03:30:00 08/07/2022 am IST 5-day change 1st Jan Change
390.3 RUB +0.61% Intraday chart for Gazprom Neft -.--% -.--%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 16,35,731 19,82,268 14,95,370 25,70,366 18,41,435 18,41,435
Enterprise Value (EV) 1 21,88,235 25,62,981 21,36,910 28,23,276 20,27,703 21,46,742
P/E ratio 4.34 x 4.95 x 12.7 x 5.11 x 2.45 x 2.87 x
Yield 8.65% 9.03% 4.73% 10.3% - -
Capitalization / Revenue 0.69 x 0.82 x 0.84 x 0.84 x 0.54 x 0.52 x
EV / Revenue 0.93 x 1.06 x 1.19 x 0.92 x 0.59 x 0.61 x
EV / EBITDA 3.49 x 4.17 x 6.09 x 3.66 x 1.72 x 1.98 x
EV / FCF 18.9 x -18.3 x 15.6 x 6.58 x 2.24 x 2.41 x
FCF Yield 5.29% -5.47% 6.43% 15.2% 44.6% 41.5%
Price to Book 0.89 x 0.96 x 0.72 x 1.09 x 0.67 x 0.62 x
Nbr of stocks (in thousands) 47,18,000 47,18,000 47,18,000 47,18,000 47,18,000 47,18,000
Reference price 2 346.7 420.2 317.0 544.8 390.3 390.3
Announcement Date 21/02/19 25/02/20 18/02/21 17/02/22 14/03/24 14/03/24
1RUB in Million2RUB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 23,62,513 24,15,183 17,89,271 30,68,442 34,12,129 35,19,959
EBITDA 1 6,26,965 6,14,304 3,50,804 7,70,771 11,80,745 10,85,624
EBIT 1 4,52,933 4,42,485 1,39,237 5,54,818 8,70,352 7,21,049
Operating Margin 19.17% 18.32% 7.78% 18.08% 25.51% 20.48%
Earnings before Tax (EBT) 1 4,80,122 5,07,834 1,43,470 6,32,967 8,94,348 7,67,627
Net income 1 3,76,667 4,00,201 1,17,699 5,03,445 7,51,473 6,41,110
Net margin 15.94% 16.57% 6.58% 16.41% 22.02% 18.21%
EPS 2 79.84 84.82 24.95 106.7 159.3 135.9
Free Cash Flow 1 1,15,651 -1,40,288 1,37,421 4,29,297 9,05,238 8,91,543
FCF margin 4.9% -5.81% 7.68% 13.99% 26.53% 25.33%
FCF Conversion (EBITDA) 18.45% - 39.17% 55.7% 76.67% 82.12%
FCF Conversion (Net income) 30.7% - 116.76% 85.27% 120.46% 139.06%
Dividend per Share 2 30.00 37.96 15.00 56.00 - -
Announcement Date 21/02/19 25/02/20 18/02/21 17/02/22 14/03/24 14/03/24
1RUB in Million2RUB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 5,52,504 5,80,713 6,41,540 2,52,910 1,86,268 3,05,307
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 0.8812 x 0.9453 x 1.829 x 0.3281 x 0.1578 x 0.2812 x
Free Cash Flow 1 1,15,651 -1,40,288 1,37,421 4,29,297 9,05,238 8,91,543
ROE (net income / shareholders' equity) 22% 20.1% 5.39% 21.6% 27.9% 22.3%
ROA (Net income/ Total Assets) 8.78% 7.53% 2.15% 7.52% 10.8% 8.06%
Assets 1 42,91,768 53,15,531 54,67,506 66,92,789 69,68,989 79,54,218
Book Value Per Share 2 390.0 436.0 442.0 498.0 580.0 635.0
Cash Flow per Share 2 52.50 42.90 50.20 122.0 95.80 126.0
Capex 1 3,70,067 4,53,011 4,13,526 4,41,833 - -
Capex / Sales 15.66% 18.76% 23.11% 14.4% - -
Announcement Date 21/02/19 25/02/20 18/02/21 17/02/22 14/03/24 14/03/24
1RUB in Million2RUB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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