Financials Gazprom

Equities

GAZP

RU0007661625

Integrated Oil & Gas

End-of-day quote Moscow Micex - RTS 06:00:00 2022-07-07 pm EDT 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 2,884,050 3,392,350 5,851,048 5,028,951 8,116,688 4,681,614
Enterprise Value (EV) 1 4,922,628 5,583,754 8,559,617 9,109,726 11,043,315 8,810,487
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) 22,100,000 22,100,000 22,820,000 23,644,513 23,644,513 23,644,513
Reference price 2 130.5 153.5 256.4 212.7 343.3 198.0
Announcement Date 4/27/18 4/29/19 4/29/20 4/29/21 4/28/22 4/24/23
1RUB in Million2RUB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 6,546,143 8,224,177 7,659,623 6,321,559 10,241,353 11,673,950
EBITDA 1 1,451,650 2,702,708 2,031,343 1,350,892 3,660,200 3,859,282
EBIT 1 869,488 2,038,094 1,349,947 575,427 2,869,328 2,946,734
Operating Margin 13.28% 24.78% 17.62% 9.1% 28.02% 25.24%
Earnings before Tax (EBT) 1 1,018,006 1,852,562 1,627,065 133,469 2,769,514 2,190,558
Net income 1 714,302 1,456,270 1,202,887 135,341 2,093,071 1,225,807
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 -259,802 23,920 -461,147 -613,430 587,399 -223,893
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 4/27/18 4/29/19 4/29/20 4/29/21 4/28/22 4/24/23
1RUB in Million2RUB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 2,038,578 2,191,404 2,708,569 4,080,775 2,926,627 4,128,873
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 -259,803 23,921 -461,147 -613,430 587,399 -223,893
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 23,106,848 22,321,393 30,433,574 8,511,477 29,411,936 17,696,584
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 1,532,939 1,774,360 1,898,771 1,655,641 2,085,381 2,374,311
Capex / Sales 23.42% 21.57% 24.79% 26.19% 20.36% 20.34%
Announcement Date 4/27/18 4/29/19 4/29/20 4/29/21 4/28/22 4/24/23
1RUB in Million2RUB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise