Tatneft-3

Tatneft-3

619.40
RUB
+4.10
(+0.67%)
5.30P/E
Mar 16Next Earn
2009 Y
2010 Y
2011 Y
2012 Y
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
TTM
Revenue per Share
169.7
206.73
184.04
195.55
200.34
209.76
243.38
274.55
323.9
432.97
443.32
378.42
601.7
601.7
Basic EPS, GAAP
24.24
20.62
27.37
32.35
31.19
40.61
43.56
50.82
58.55
96.18
84.63
48.44
91.63
94.35
Free Cash Flow per Basic Share
-10.1
-9.73
12.18
17.54
27
32.54
20.98
21.63
50.06
70.25
72.66
45.51
70.56
70.56
Dividend per Share
4.49
6.6
5.03
7.08
8.6
8.22
10.57
11.7
51.58
47.99
101.2
36.88
30.82
30.82
Book Value per Share
134.89
141.96
164.33
189.02
211.69
244.52
276.38
312.24
315.95
342.34
330.93
367.43
445.85
445.85
Tangible Book Value per Share
134.89
141.96
164.33
189.02
211.69
244.52
276.38
312.24
315.95
342.34
330.93
367.43
445.85
445.85
Basic Weighted Avg Shares
2,243
2,264
2,269
2,271
2,271
2,271
2,271
2,113
2,103
2,103
2,103
2,103
2,103
2,103
Sales/Revenue/Turnover
380,648
468,032
417,586
444,099
454,983
476,360
552,712
580,127
681,159
910,534
932,296
795,815
1,265,380
1,265,380
Operating Margin (%)
20.16
14.12
22.7
23.34
22.68
22.74
25.37
24.84
23.57
30.17
30.46
17.44
19.7
19.69
Depreciation Expense
11,917
12,483
12,223
17,770
19,323
21,121
25,052
21,626
24,885
30,520
35,165
40,865
42,663
42,663
Net Income, GAAP
54,372
46,673
62,104
73,473
70,832
92,227
98,930
107,389
123,139
211,812
192,260
103,490
198,412
198,412
Effective Tax Rate (%)
23.56
21.44
25.44
22.95
22.65
21.21
23.15
24.72
24.24
22.73
23.59
25.15
22.7
22.7
Profit Margin (%)
14.28
9.97
14.87
16.54
15.57
19.36
17.9
18.51
18.08
23.26
20.62
13
15.68
15.68
Working Capital
25,020
52,391
59,995
63,782
68,825
112,138
110,318
46,133
-20,915
-35,088
-104,966
-32,516
-9,872
-9,872
LT Debt
16,588
72,939
59,747
37,991
12,785
12,888
12,880
39,257
12,565
7,744
35,757
35,882
23,981
23,981
Total Equity
312,874
332,223
385,427
446,233
503,982
582,244
657,658
708,904
718,729
776,781
752,130
831,590
943,375
943,375
Return on Invested Capital (%)
16.01
12.04
14.84
15.49
14.66
14.41
16.31
14.41
14.83
25.23
25.22
11.56
18.9
18.9
Return on Capital (%)
14.58
10.24
13.87
14.72
12.84
15.65
15.23
15.84
17.16
27.77
24.85
13.44
21.78
21.78
Return on Common Equity (%)
19.26
14.9
17.87
18.32
15.57
17.81
16.73
16.14
17.42
27.3
23.49
12.96
21.84
22.49

Capital Structure

RUB

•

in mil. unless spec.
Jun'21
Sep'21
Dec'21
ST Debt
33,679
50,368
48,932
LT Borrowings
25,327
27,849
13,657
LT Finance Leases
9,753
9,461
10,324
Preferred Equity and Hybrid Capital
746
746
746
Shares Outstanding
2,251
2,103
2,103
Market Capitalization
1,198,875
1,108,520
1,051,527

Working Capital

RUB

•

in mil. unless spec.
Jun'21
Sep'21
Dec'21
Total Current Assets
359,790
403,494
412,242
Cash, Cash Equivalents & STI
139,427
161,170
169,269
Accounts Receivable, Net
96,291
92,927
90,348
Inventories
65,514
73,467
81,062
Total Current Liabilities
349,967
393,936
422,114
Payables & Accruals
- -
- -
- -
ST Debt
33,679
50,368
48,932
Deferred Revenue
- -
- -
- -

Growth Rates

RUB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.53%
6.06%
13.44%
Free Cash Flow
27.07%
38.36%
55.06%
Net Income, GAAP
18.38%
24.6%
91.72%
Sales/Revenue/Turnover
13.23%
19.57%
59%
Total Cash Common Dividend
44.6%
71.28%
-22.21%

Quarterly Revenue

RUB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2020
198,284
136,269
187,370
198,754
795,815
2021
257,832
311,051
323,836
372,661
1,265,380
2022
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

RUB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2020
12.01
8.37
17
- -
48.44
2021
20.73
23.13
24.75
- -
91.63
2022
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

RUB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2020
26.12
0.01
0.03
- -
36.88
2021
- -
0.01
13.15
- -
30.82
2022
- -
- -
- -
- -
- -

Company Description

CEO
Nail Ulfatovich Maganov
Full Time Employees
48,078
Sector
Energy minerals
Industry
Integrated oil
Address
75 Lenin Street Almetyevsk TT Russian Federation 423450
IPO Date
Dec 13, 1996
Website
tatneft.ru
Business
PJSC Tatneft named after V.D. Shashin (TATN.ME) is a vertically integrated oil and gas company engaged in the exploration, production, refining, and marketing of crude oil and petroleum products primarily in Russia. The company operates through key segments including Exploration and Production, where it develops oil and gas fields mainly in the Republic of Tatarstan such as the Romashkino super-giant field; Refining and Marketing, encompassing the TANECO refinery complex that processes vacuum gasoil into low-sulfur Euro-6 diesel, naphtha, gasoline, and other refined products; Tires Business, producing passenger car, light truck, agricultural, and industrial tires through facilities like Nizhnekamskshina and assets acquired from SIBUR; Financial Services via subsidiaries Bank Zenit and Bank Devon-Credit; and Corporate and Other Sales, involving oilfield equipment manufacturing, petrochemical services, engineering, procurement, construction for oil and gas projects, and a network of TATNEFT-branded filling stations. It also handles associated petroleum gas treatment, exports crude oil to Europe and other markets, and pursues heavy and high-viscosity oil recovery using advanced horizontal well technologies. Founded in 1950 and headquartered in Almetyevsk, Republic of Tatarstan, Russia, PJSC Tatneft conducts the bulk of its upstream operations in Tatarstan while maintaining international activities in exploration and production in countries including Syria, Libya, Angola, Vietnam, and Oman, as well as refining and retail presence focused on Russia and select neighboring regions. The company targets domestic refineries, export markets, retail consumers via its gas stations, tire manufacturers, and financial clients, with a diversified portfolio that includes petrochemicals and equipment sales. In recent developments, PJSC Tatneft launched a new hydrocracking unit at its TANECO refinery in July 2025, adding 1.2 million metric tons per year of capacity to produce 0.64 million tons of low-sulfur Euro-6 diesel and 0.229 million tons of naphtha, enhancing deep oil conversion capabilities following the initial hydrocracker commissioning in 2014. The company continues heavy investment in the TANECO complex, field development, pipeline replacements, and petrochemical expansion, with capital commitments reaching RUB 125.8 billion as of December 2024 to support ongoing projects. It reported robust financial performance in 2024, with sales revenue increasing to RUB 2.03 trillion and net profit under IFRS rising 6% to RUB 306.14 billion attributable to shareholders, alongside efforts to expand gas station networks and strategic partnerships in regions like Uzbekistan and Kazakhstan.