1. Russian Federation Stocks

  2. •

    Industrial services

  3. •

    Oil & gas pipelines
Transneft (pref)

Transneft (pref)

MMOEX:TRNFP
1,053.20
RUB
+2.40
(+0.23%)
658.09P/E
Nov 27Next Earn
Transneft (pref)
MOEX:TRNFP
(Russian Exchange)

Recent

price

1,053.20

P/E

ratio

658.09

div

yld

- -

ROIC.AI

2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2022
2023
TTM
RUB
312.52
387.2
494.32
630.17
943.81
1,031.26
1,055.54
1,090.41
1,148.53
1,194.27
1,241.41
1,351.79
1,467.48
1,327.62
- -
1,835.89
1,450.91
Revenue per Share
84.68
99.28
169.55
167.03
264.87
254.18
215.32
82.75
201.89
327.89
269.49
309.46
247.45
183.79
- -
409.01
242.75
Basic EPS, GAAP
-205.79
-183.08
-286.23
-316.99
-295.04
-277.38
-314.03
-439.36
-456.12
-452.85
-430.79
-370.77
-373.15
-274.96
- -
-370.3
-245.57
Free Cash Flow per Basic Share
1.1
1.55
0.45
2
1.65
3.9
6.67
11.12
4.14
18.03
81.64
75.77
107.04
116.02
- -
164.01
- -
Dividend per Share
600.55
753.14
922.24
1,087.97
1,351.04
1,599.43
1,815.96
1,890.23
2,092.8
2,414.29
2,595.56
2,802.73
2,933.87
3,010.03
3,427.69
3,707.28
3,119.1
Book Value per Share
599.24
751.34
920.45
1,085.8
1,349.35
1,596.47
1,810.86
1,883.84
2,080.02
2,401.63
2,582.97
2,581.58
2,853.48
2,925.53
3,348.42
3,626.99
3,038.39
Tangible Book Value per Share
710
710
710
710
710
710
710
710
710
710
712
725
725
725
- -
725
725
Basic Weighted Avg Shares
221,942
274,977
351,051
447,532
670,270
732,375
749,617
774,380
815,652
848,134
884,337
979,958
1,063,829
962,440
1,204,703
1,330,899
1,051,815
Sales/Revenue/Turnover
42.43
46.27
48.42
37.28
31.69
32.74
33.41
30.13
31.2
32.98
28.91
26.07
26.05
23.51
24.16
23.36
22.57
Operating Margin (%)
30,892
34,067
46,823
71,969
78,767
84,197
102,261
111,818
116,763
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
60,139
70,506
120,407
118,617
188,105
180,514
152,917
58,767
143,378
232,856
191,971
224,337
179,388
133,236
242,585
296,508
175,976
Net Income, GAAP
32.01
23.26
22
20.7
18.81
21.42
25.47
38.31
13.36
22.73
20.8
18.83
19.56
25.91
18.62
21.15
22.52
Effective Tax Rate (%)
27.1
25.64
34.3
26.5
28.06
24.65
20.4
7.59
17.58
27.46
21.71
22.89
16.86
13.84
20.14
22.28
16.73
Profit Margin (%)
-22,277
26,503
337,874
303,980
262,409
313,726
305,932
313,775
400,463
242,143
177,409
112,318
168,849
185,058
402,184
475,685
246,843
Working Capital
71,322
191,597
541,952
573,148
551,939
544,103
484,593
577,272
783,509
592,505
579,180
574,452
574,341
513,026
339,921
275,328
445,408
LT Debt
448,939
559,897
681,396
806,437
996,527
1,173,055
1,315,039
1,368,863
1,487,956
1,716,355
1,850,754
2,064,667
2,168,982
2,222,739
2,539,775
2,748,778
2,306,271
Total Equity
- -
13.65
12.9
10.06
11.45
11.17
10.19
7.11
9.78
9
8.11
7.79
7.94
5.88
8.07
7.96
6.37
Return on Invested Capital (%)
- -
10.69
12.9
9.82
13.09
11.64
9.41
3.93
8.3
11.55
9.53
10.44
7.24
6.02
9.04
10.13
7.14
Return on Capital (%)
- -
14.67
20.24
16.62
21.72
17.23
12.61
4.47
10.14
14.55
10.77
11.56
8.63
6.18
10.4
11.47
7.96
Return on Common Equity (%)

Capital Structure

RUB

•

in mil. unless spec.
Mar'22
Jun'22
Sep'22
ST Debt
88,943
73,255
117,897
LT Borrowings
482,895
473,575
427,073
LT Finance Leases
17,771
18,586
18,335
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
725
725
725
Market Capitalization
1,062,391
1,256,311
115,808,254

Working Capital

RUB

•

in mil. unless spec.
Mar'22
Jun'22
Sep'22
Total Current Assets
529,607
553,420
549,200
Cash, Cash Equivalents & STI
397,995
412,380
396,979
Accounts Receivable, Net
29,344
30,076
30,005
Inventories
29,720
31,742
34,981
Total Current Liabilities
289,637
325,929
302,357
Payables & Accruals
- -
- -
- -
ST Debt
88,943
73,255
117,897
Deferred Revenue
- -
- -
- -

Growth Rates

RUB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.96%
8.32%
8.23%
Free Cash Flow
4.71%
-0.91%
29.7%
Net Income, GAAP
18.74%
15.08%
22.23%
Sales/Revenue/Turnover
6.47%
9.1%
10.48%
Total Cash Common Dividend
85.66%
18.38%
58.75%

Quarterly Revenue

RUB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
253,433
303,532
293,215
295,507
1,204,703
2023
- -
322,505
343,433
350,785
1,330,899

Quarterly Earnings Per Share

RUB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
69.58
- -
- -
- -
- -
2023
- -
128.31
88.03
- -
409.01

Quarterly Dividends Per Share

RUB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
- -
- -
- -
- -
- -
2023
- -
- -
- -
- -
164.01
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Business
PJSC Transneft operates as the world's largest oil pipeline company, transporting approximately 80% of Russia's oil production and 30% of its oil products through an extensive network exceeding 70,000 kilometers of trunk pipelines, including major systems such as the Baltic Pipeline System, Eastern Siberia-Pacific Ocean pipeline, Druzhba pipeline, and Purpe-Samotlor Pipeline System; it also provides preventive maintenance, diagnostics, emergency response, and repair services for these pipelines, alongside storage facilities totaling 24 million cubic meters and around 500 pumping stations. Founded in 1993 and headquartered in Moscow, Russia, the state-controlled entity serves domestic refineries and international markets in countries including China, Belarus, Poland, Germany, and others via subsidiaries like Transneft Druzhba and the former Transnefteproduct, which was merged in 2008. In recent developments, Transneft expanded port capacities at Primorsk, Kozmino, and Novorossiysk to redirect exports following European market shifts, achieving over 97% domestic equipment usage with a target of full import substitution by 2027, opened a new fluorinated alkanes production facility in Irkutsk in 2025 for pipeline efficiency enhancements, and continues major pipeline reconstructions while facing elevated taxes impacting future investments.