NC KAZMUNAYGAS |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 12,850 KZT | -0.16% |
|
-1.15% | +11.34% |
| May. 30 | National Company "Kazmunaygas" Appoints Kurmangazy Iskaziyev as First Deputy CEO | CI |
| May. 24 | Kazakh oil flow to Germany seen intact with Druzhba issue resolved, sources say | RE |
Valuation
| Fiscal Period: December | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Capitalization 1 | 7,041,389 | 7,840,035 | - | - |
| Enterprise Value (EV) 1 | 8,686,707 | 9,250,035 | 8,052,035 | 7,227,035 |
| P/E ratio | 7.33 x | 4.41 x | 3.73 x | 3.59 x |
| Yield | - | 6.38% | 10% | 10.6% |
| Capitalization / Revenue | 0.76 x | 0.8 x | 0.72 x | 0.7 x |
| EV / Revenue | 0.94 x | 0.94 x | 0.74 x | 0.64 x |
| EV / EBITDA | 4.35 x | 3.93 x | 3.01 x | 2.59 x |
| EV / FCF | 8.83 x | 10.1 x | 8.49 x | 7.91 x |
| FCF Yield | 11.3% | 9.92% | 11.8% | 12.6% |
| Price to Book | 0.67 x | 0.63 x | 0.56 x | 0.51 x |
| Nbr of stocks (in thousands) | 610,119 | 610,119 | - | - |
| Reference price 2 | 11,541 | 12,850 | 12,850 | 12,850 |
| Announcement Date | 3/14/24 | - | - | - |
1KZT in Million2KZT
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Net sales 1 | - | - | 9,242,568 | 9,824,000 | 10,876,500 | 11,213,500 |
| EBITDA 1 | - | - | 1,994,720 | 2,355,500 | 2,673,000 | 2,787,000 |
| EBIT 1 | - | - | 1,393,516 | 1,704,000 | 1,871,000 | 1,935,000 |
| Operating Margin | - | - | 15.08% | 17.35% | 17.2% | 17.26% |
| Earnings before Tax (EBT) 1 | 1,384,631 | 1,810,566 | 1,194,809 | 2,373,000 | 2,801,000 | 2,908,000 |
| Net income 1 | 1,197,157 | 1,289,118 | 960,483 | 1,780,000 | 2,101,000 | 2,181,000 |
| Net margin | - | - | 10.39% | 18.12% | 19.32% | 19.45% |
| EPS 2 | - | - | 1,574 | 2,917 | 3,443 | 3,575 |
| Free Cash Flow 1 | - | - | 984,175 | 918,000 | 948,000 | 913,500 |
| FCF margin | - | - | 10.65% | 9.34% | 8.72% | 8.15% |
| FCF Conversion (EBITDA) | - | - | 49.34% | 38.97% | 35.47% | 32.78% |
| FCF Conversion (Net income) | - | - | 102.47% | 51.57% | 45.12% | 41.88% |
| Dividend per Share 2 | - | - | - | 820.0 | 1,290 | 1,367 |
| Announcement Date | 3/12/20 | 3/17/23 | 3/14/24 | - | - | - |
1KZT in Million2KZT
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2023 Q3 |
|---|---|
| Net sales | - |
| EBITDA | - |
| EBIT | - |
| Operating Margin | - |
| Earnings before Tax (EBT) 1 | 551,702 |
| Net income 1 | 445,795 |
| Net margin | - |
| EPS | - |
| Dividend per Share | - |
| Announcement Date | 11/22/23 |
1KZT in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | 1,645,318 | 1,410,000 | 212,000 | - |
| Net Cash position 1 | - | - | - | - | - | 613,000 |
| Leverage (Debt/EBITDA) | - | - | 0.8248 x | 0.5986 x | 0.0793 x | - |
| Free Cash Flow 1 | - | - | 984,175 | 918,000 | 948,000 | 913,500 |
| ROE (net income / shareholders' equity) | - | - | 9.41% | 13.2% | 14.3% | 14.1% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - |
| Book Value Per Share 2 | - | - | 17,200 | 20,440 | 23,080 | 25,270 |
| Cash Flow per Share | - | - | - | - | - | - |
| Capex 1 | - | - | 683,439 | 789,000 | 1,089,000 | 1,120,500 |
| Capex / Sales | - | - | 7.39% | 8.03% | 10.01% | 9.99% |
| Announcement Date | 3/12/20 | 3/17/23 | 3/14/24 | - | - | - |
1KZT in Million2KZT
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
12,850
KZT
Average target price
13,557
KZT
Spread / Average Target
+5.50%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +11.34% | 17.54B | |
| +17.36% | 462B | |
| +54.46% | 248B | |
| +9.33% | 228B | |
| +8.78% | 168B | |
| +4.16% | 98.25B | |
| -5.99% | 84.22B | |
| -.--% | 51.8B | |
| +30.98% | 52.4B | |
| -5.55% | 50.22B |
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