Multiplier Comparison To compare stocks of oil and gas companies, both key and specific multipliers are used, and attention should also be paid to dividend policies.
P/E Ratio The P/
E ratio represents the ratio of the current stock price to earnings and shows how long a company would have to work to fully recoup its value for the same profit. The lower the value of this multiplier, the better. In this case, Novatek scored the highest with 15 points, Rosneft scored 8.8 points, while and Gazprom scored 10.6 points and 6 points respectively. Therefore, we can conclude that Novatek appears to be the most valuable company, but it has a higher growth rate, which in part justifies the current high ratio of capitalization to earnings.
LUKOIL in this case
As pointed out, one should understand the development strategy of the enterprise. Currently, Rosneft, the flagship of the Russian oil market, is working on developing the Arctic region. LUKOIL pays a Guatemala Mobile Number List high dividend for Iraqi SMS Gateway and has built up the business at a relatively uneventful pace. If we ignore development investments and just look at the current P/E ratio, Gazprom stock looks more attractive, at least for now.
Enterprise Value/EBITDA
EV/EBITDA Multiple measures the ratio of a company’s fair value to its earnings before taxes, interest, and depreciation. In this case, the smaller the multiplier value, the more likely the company is undervalued. Indicators for Rosneft, Lukoil and Gazprom fluctuate between 4 and 6, while Novatek shows a result of 13. Currently, Lukoil has almost no debt, and for Rosneft, this metric is very important, so for Lukoil, the multiplier is a bit low.
Electric vehicle/life
from CU Leads to mpany value to daily production , in this case Gazprom has the lowest indicator at around 3, while Novatek has the highest at 8. A high multiple indicates that the company is trading at a premium, while a low indicates a discount.
EV/Reserves The
EV/Reserves multiplier shows the ratio of the company’s value to the size of its raw material reserves, giving you an idea of how much raw material the company has provided to maintain current levels of production and profits. In this case, the leader is Gazprom with an indicator of 0.09, while the indicators of other companies are at the level of 0.2. A comparison of resource base availability shows that for Russian companies it is twenty years, while for foreign companies this indicator is two times lower.
