Enhanced Investments - Financial Portal

В настоящее время дивиденды ПАО «Транснефть» определяются на основе распоряжения Правительства РФ в размере не менее 50 % от нормализованной чистой прибыли по МСФО. Нормализованной является чистая прибыль компании без учета доли в прибыли зависимых и совместно контролируемых компаний; доходов, полученных от переоценки финансовых вложений; положительного сальдо курсовых разниц и прочих нерегулярных (разовых) неденежных составляющих чистой прибыли. Обыкновенные акции полностью принадлежат государству. Размер дивиденда, выплачиваемый на одну привилегированную акцию, не может быть меньше размера дивиденда, выплачиваемого на одну обыкновенную акцию. Наш текущий прогноз дивиденда за 2024 г. является консервативным, компания может выплатить более высокий дивиденд, если решит включить переоценку налоговых обязательств (в 2025 году размер налога на прибыль вырастет с 20% до 40%) в единоразовые неденежные составляющие чистой прибыли, что позволит не снижать базу для расчета дивиденда. В таком сценарии дивиденд может составить около 225 руб. на привилегированную акцию.

Див. политика взята с сайта dohod.ru

TRNFP (карточка)	Div on share	Share price	Dividend yield	Amount of shares	RUB to be paid	(RUB)net_income	% to be paid	Target Price	Potential
2018	10706.00	1723.00	621.4%	725.0 млн.	7761.9 млрд.	225.4 млрд.	100.0%
2019	11612.20	1390.00	835.4%	725.0 млн.	8418.8 млрд.	179.0 млрд.	100.0%
2020	9224.28	1745.00	528.6%	725.0 млн.	6687.6 млрд.	133.0 млрд.	100.0%
2021	10497.40	1236.50	849.0%	725.0 млн.	7610.6 млрд.	202.9 млрд.	100.0%
2023	177.20	1600.00	11.1%	725.0 млн.	128.5 млрд.	296.5 млрд.	43.3%
(E) 2024	443.57	1243.80	35.7%	725.0 млн.	321.6 млрд.	362.7 млрд.	88.7%	3412.1	174.8%

Детали R4 в csv
Детали R7 в csv

Potential calculation 2024

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Rate	Variable	Formula	Meaning
Current stock price	R1		1 243.80 р.
Amount of shares	R2		725.00 млн шт
Average historical % to be paid	R3		88.7%
Predicted value:	R4		363 млрд р.
Intermediate calculations
Predicted sum to be paid	R5	R3 * R4	322 млрд р.
Predicted dividend on share	R6	max(R8, R5 / R2)	443.57 р.
Target historical dividend yield	R7		13.0%
Dividend per share already paid in forecast year	R8		443.57 р.
Result
Expected dividend yield at current price	R9	R6 / R1	+35.7%
Target share price	R10	R6 / R7 + (R6 - R8) / 2	3 412.08 р.
Growth potential	R11	min(2, R10 / R1 - 1)	+174.3%

Dividend yield dynamics

Site-based reference data закрытия-реестров.рф

2020	DIV
2020-09-29	116.12

2021	DIV
2021-05-24	92.24

2022	DIV
2022-06-29	104.97

2023	DIV
2023-06-14	166.65

2024	DIV
2024-06-24	177.20

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities.
Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance.
All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
Results for the Enhanced Investments strategies as compared to the performance of Illustrative Benchmarks is for informational purposes only. Our investment program does not mirror that of the Illustrative Benchmarks and the volatility may be materially different from the volatility of Illustrative Benchmarks. Reference or comparison to an Illustrative Benchmark does not imply that strategies of Enhanced Investments will be constructed in the same way as the Illustrative Benchmark or achieve returns, volatility, or other results similar to those of the Illustrative Benchmark. The S&P 500 is an unmanaged market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.