Gazprom

Gazprom

MMOEX:GAZP
110.33
RUB
-1.27
(-1.14%)
4.00P/E
Nov 26Next Earn
2010 Y
2011 Y
2012 Y
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
TTM
Revenue per Share
157.08
202.49
208.14
229.26
243.04
264.06
270.4
296.21
372.13
340.43
267.35
433.13
493.74
433.13
Basic EPS, GAAP
42.3
57.08
53.47
49.75
6.91
34.22
42.11
32.32
65.89
53.46
5.72
88.52
51.84
88.52
Free Cash Flow per Basic Share
13.77
1.13
64.31
76.06
83.29
88.3
69.53
53.71
73.18
75.97
81.15
127.53
92.74
127.53
Dividend per Share
2.41
4.1
8.6
5.99
7.78
7.42
8.24
8.68
8.52
16.87
15.75
13.25
47.54
13.25
Book Value per Share
272
325.24
344.76
405.61
427.23
460.88
482.85
525.56
601.8
596.54
602.15
687.31
666.09
687.31
Tangible Book Value per Share
272
320.76
338.57
399.03
422.7
456.2
478.27
518.44
594.52
588.32
593.7
678.29
656.36
678.29
Basic Weighted Avg Shares
22,900
22,900
22,900
22,900
23,000
23,000
22,600
22,100
22,100
22,500
23,645
23,645
23,644
23,645
Sales/Revenue/Turnover
3,597,054
4,637,090
4,766,495
5,249,965
5,589,811
6,073,318
6,111,051
6,546,143
8,224,177
7,659,623
6,321,559
10,241,353
11,673,950
10,241,353
Operating Margin (%)
31.19
36.31
28.69
30.39
25.22
23.25
12.84
12.22
24.79
17.82
8.9
30.05
29.38
29.52
Depreciation Expense
243,615
275,184
345,690
419,019
472,151
515,200
571,564
613,160
647,993
715,229
798,436
828,027
862,380
828,027
Net Income, GAAP
968,557
1,307,018
1,224,474
1,139,261
159,004
787,056
951,637
714,302
1,456,270
1,202,887
135,341
2,093,071
1,225,807
2,093,071
Effective Tax Rate (%)
21.65
20.09
19.6
21.56
48.77
12.97
22.41
24.67
17.47
21.98
- -
22.04
40.12
22.04
Profit Margin (%)
26.93
28.19
25.69
21.7
2.84
12.96
15.57
10.91
17.71
15.7
2.14
20.44
10.5
20.44
Working Capital
854,634
931,038
928,737
1,471,205
1,605,208
1,869,021
1,312,538
879,750
1,738,535
1,300,677
1,147,325
2,191,338
1,719,257
2,191,338
LT Debt
1,124,395
1,173,294
1,177,959
1,470,002
2,224,042
2,795,843
2,382,543
2,391,713
3,294,761
3,295,195
4,425,568
4,417,286
4,576,117
4,417,286
Total Equity
6,536,361
7,760,991
8,479,945
9,634,354
10,120,021
10,914,622
11,441,839
12,015,481
13,776,153
14,615,687
14,804,732
16,866,579
16,445,845
16,866,579
Return on Invested Capital (%)
11.45
15.65
11.52
11.84
6.11
9.43
4.44
4.11
10
5.88
- -
11.75
9.7
11.54
Return on Capital (%)
12.82
15.12
12.72
10.71
1.52
6.09
6.72
4.75
8.66
6.58
- -
10.01
5.54
10
Return on Common Equity (%)
16.73
19.06
15.66
13.03
1.66
7.71
8.78
6.29
11.68
8.78
0.96
13.73
7.66
13.73

Capital Structure

RUB

•

in mil. unless spec.
Jun'21
Sep'21
Dec'21
ST Debt
611,833
734,041
750,125
LT Borrowings
4,195,670
4,058,160
4,186,656
LT Finance Leases
215,480
224,891
230,630
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
23,645
23,645
23,645
Market Capitalization
6,756,322
8,589,046
8,363,709

Working Capital

RUB

•

in mil. unless spec.
Jun'21
Sep'21
Dec'21
Total Current Assets
4,411,770
5,247,814
6,214,283
Cash, Cash Equivalents & STI
1,678,642
1,550,310
2,240,918
Accounts Receivable, Net
844,354
1,019,327
1,609,728
Inventories
885,964
1,201,364
1,009,323
Total Current Liabilities
2,966,366
3,669,488
4,022,945
Payables & Accruals
- -
- -
- -
ST Debt
611,833
734,041
750,125
Deferred Revenue
- -
- -
- -

Growth Rates

RUB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.98%
6.69%
-2.49%
Free Cash Flow
7.13%
16.81%
-27.28%
Net Income, GAAP
170.08%
280.56%
-41.44%
Sales/Revenue/Turnover
11.03%
15.46%
13.99%
Total Cash Common Dividend
34.82%
68.13%
258.68%

Quarterly Revenue

RUB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2021
2,285,161
2,066,807
2,373,164
3,516,221
10,241,353
2022
- -
2,546,068
- -
- -
11,673,950
2023
- -
1,810,962
- -
- -
- -

Quarterly Earnings Per Share

RUB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2021
18.92
22.04
24.61
- -
88.52
2022
- -
- -
- -
- -
51.84
2023
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

RUB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2021
0.04
0.13
12.99
- -
13.25
2022
- -
- -
- -
- -
47.54
2023
- -
- -
- -
- -
- -

Company Description

CEO
Alexei Borisovich Miller
Full Time Employees
468,000
Sector
Energy minerals
Industry
Oil & gas production
Address
2/3 Lakhtinsky Avenue St. Petersburg Russian Federation 197229
IPO Date
May 20, 1993
Website
gazprom.ru
Business
PJSC Gazprom operates as a Russian majority state-owned multinational energy corporation focused on geological exploration and production of natural gas, gas condensate and oil; transportation and underground storage of gas; hydrocarbon feedstock processing; gas and petrochemistry; sales of gas, gas condensate, oil and refined hydrocarbon products; and generation and marketing of heat and electric power. The company maintains the world's largest gas transmission system and exports gas to over 30 countries, primarily through pipelines such as Power of Siberia to China and TurkStream to Turkey and southeastern Europe; it also produces crude oil and gas condensate via subsidiary Gazprom Neft, with significant operations in LNG through interests in Yamal LNG and Sakhalin-2 LNG projects. Founded in 1989 from the Soviet Ministry of Gas Industry and headquartered at the Lakhta Center in Saint Petersburg, Russia, Gazprom serves domestic Russian consumers, which account for over half of its gas sales, alongside international markets in Europe, Asia and the former Soviet Union. Gazprom conducts vertically integrated activities across the full gas value chain, including refining, distribution, marketing and power generation, with proven reserves of approximately 35 trillion cubic meters of natural gas and substantial oil and condensate holdings concentrated in Western Siberia's Yamalo-Nenets Autonomous Okrug, the Yamal Peninsula and the Arctic shelf. In recent developments, Gazprom signed a strategic partnership agreement with PJSC Lukoil in December 2024 covering 2025-2030 to collaborate on exploration, production, transportation, processing and sales of hydrocarbons, alongside scientific, technical and environmental initiatives; the company approved a 1.615 trillion ruble investment program for 2025 to expand gas production in eastern Russia and the Yamal Peninsula, enhance regional infrastructure, increase Power of Siberia capacity and develop gas processing facilities; additionally, discussions emerged in late 2024 on potential mergers involving its oil subsidiary Gazprom Neft with larger producers like Rosneft, while exports to China exceed 38 billion cubic meters annually and domestic gas prices rise 34% by July 2025 amid shifting European markets.