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General information

Gazprom PJSC operates gas pipeline systems, produces and explores gas, and transports high pressure gas in the Russian Federation and European countries. The Company also engaged in oil production, oil refining, gas storage, and electric and heat energy generation.
  • Current market environment: negative. Prices of production are 13.0% lower compared to the last 12 months (LTM)
  • Prices of production are at 31.4% percentile over the past 5 years, adjusted for inflation
  • Dividend yield for the last twelve months 0.0%
  • Free cash flow yield -28.8% (LTM), projected -46.9%
  • Share of USD-denominated sales in revenue of the company (estimate) 34.0%
  • Share price is 19.4% higher than minimum and 57.0% lower than maximum for the last 3 years
  • The company is undervalued by EV / LTM EBITDA multiple compared to target level (3.5x vs
    )
  • The company is overvalued by EV / projected EBITDA multiple compared to target level (
    vs
    )
  • Taking into account the impact of the key rate 20.0% on the change in financial parameters: EBITDA adjustment is -479 595 mln rub as NetDebt * (current key rate - normalized 7%) / 2, expected EBITDA adjusted for key rate increases is 1 792 626 mln rub, expected mult is 5.8x, target mult is 4.2x, potential is -96.2%

Key Financials (Download financials)

Ticker: GAZP
Share price, RUB:  (+1.1%)128
year average price 134.54  


year start price 115.94 2024-06-28

min close price 107.16 2024-12-19

max close price 180.05 2025-02-17

current price 126.24 2025-06-27
Common stocks: 23 673 510 000

Dividend Yield:  0.0%
FCF Yield LTM / expected: -28.8% / -46.9%
EV / LTM EBITDA:3.5x
EV / EBITDA annualized: 4.4x
Production prices change from LTM: -13.0%
EV / projected EBITDA:
Target EV / EBITDA (hist percentile):
Express share price potential:
EV / LTM EBITDA mutiple calculation
Market Cap (m RUB): 3 030 209
Net Debt (m RUB): 7 197 813
EV (Enterprise Value): 10 228 022
EBITDA LTM (m RUB): 2 959 168
Net Income LTM (m RUB): 1 335 735
EV / LTM EBITDA: 3.5x
Net Debt / LTM EBITDA (if EBITDA > 0): 2.4x
Average daily trading volume for the week, RUB mln: 5197
P / E 2.3x
P / E ann-d1.1x
P / B 0.2x
EBITDA margin ann-d 20.7%
Net income margin ann-d 24.7%

Revenue and EBITDA

Quarterly values (m RUB)

Change (y/y)

Cash Flow

FCF (m RUB), before FX effects elimination

Net Debt / Cash and Equivalents (m RUB)

Share price and dividends (Download history)

Share price

Payment RUB per share

Multiple and potential

EV / LTM EBITDA and 50% percentile

Potential dynamics

Daily trade volumes

Millions of RUB

P/B and P/E multipliers

P / B

P / E

More information for subscribed users:
detailed calculation of
Potential and Created Value,
commodities affecting the company