During the energy crisis in Europe, Russia is increasing its foreign gas supplies. Eight of the ten leading gas producing companies in the country are included in Gazprom Group. Analysis of the solvency ratio shows, on average, a low dependence of TOP 10 enterprises on external loans in 2020, with declining revenues and growing profits.
Information agency Credinform has selected for this ranking in Globas the largest Russian producers of natural gas and condensate. Companies with the largest volume of annual revenue (TOP 10) were selected for the ranking, according to the data from the Statistical Register and the Federal Tax Service for the latest available periods (2018 - 2020). They were ranked by solvency ratio (Table 1).
The value of the ratio below the minimum one indicates a strong dependence on external sources of funds, which, if the market conditions deteriorate, can lead to a liquidity crisis and an unstable financial position of the company.
For the most complete and objective view of the financial condition of the enterprise, it is necessary to pay attention to the complex of indicators and financial ratios of the company.
|Name, INN, region||Revenue, million RUB||Net profit (loss), million RUB||Solvency ratio (x), >0,5||Solvency index Globas|
|JSC GAZPROM DOBYCHA TOMSK
INN 7019035722 Tomsk region
|42 540||32 891||5 375||4 423||0,67||0,73||253 Medium|
|LLC GAZPROM DOBYCHA ORENBURG
INN 5610058025 Orenburg region
|88 019||73 041||1 267||-309||0,69||0,68||272 Medium|
|LLC GAZPROM DOBYCHA NOYABRSK
INN 8905026850 Yamal-Nenets autonomous district
|62 531||81 025||1 283||4 367||0,22||0,62||237 Strong|
INN 8903021599 Yamal-Nenets autonomous district
|171 960||137 716||4 239||1 930||0,63||0,61||256 Medium|
INN 8912001990 Yamal-Nenets autonomous district
|51 742||44 073||4 408||5 950||0,68||0,54||157 Superior|
INN 8911020768 Yamal-Nenets autonomous district
|113 459||111 813||11 683||7 683||0,57||0,52||203 Strong|
|LLC GAZPROM DOBYCHA URENGOI
INN 8904034784 Yamal-Nenets autonomous district
|303 918||270 016||16 322||15 816||0,52||0,49||191 High|
|LLC GAZPROM DOBYCHA NADYM
INN 8903019871 Yamal-Nenets autonomous district
|209 533||211 011||2 390||4 777||0,30||0,41||217 Strong|
|LLC GAZPROM DOBYCHA YAMBURG
INN 8904034777 Yamal-Nenets autonomous district
|333 793||277 478||1 700||9 021||0,33||0,40||202 Strong|
|LLC GAZPROM DOBYCHA ASTRAKHAN
INN 3006006420 Astrakhan region
|94 612||78 928||982||237||0,37||0,35||281 Medium|
|Average value for TOP 10||147 211||131 799||4 965||5 390||0,50||0,54|
|Industry average value (oil and gas extraction)||15 939||10 749||2 421||1 798||0,65||0,66|
growth of indicator to the previous period, fall of indicator to the previous period
The average 2020 value of solvency ratio of TOP 10 was above the industry average one. Six of TOP 10 companies had decrease in 2020, while in 2019 the decrease was recorded for four companies.
Two of ten companies gained revenue and four ones gained net profit in 2020.
The decrease in average revenue was 10%, and there was 33% fall of the industry average value.
The average profit of TOP 10 have increased almost 9%. However, on average in the industry, the decrease was recorded by almost 26%.
The industry average values of solvency ratio have raised for three periods during the past 5 years. The highest value was recorded in 2018 and the lowest one was in 2016 (Picture 1).
Among the largest companies in Samara in 2016 – 2020 prevail positive activity trends. The most important are decline in net loss and decrease in share of companies with insufficient property, high values of return on investment ratio. Among negative trends there is decline in companies’ average net profit.
For the activity trends analysis among the largest companies in Samara information agency Credinform selected the largest companies of the city (TOP 1000) with the highest annual revenue according to the data from the Statistical Register and the Federal Tax Service for the latest available periods (2016 – 2020). The selection and analysis of companies were based on the data of the Information and Analytical system Globas.
The largest company in term of net assets is LIMITED LIABILITY COMPANY RUSSIAN INNOVATION FUEL AND ENERGY COMPANY, INN 6317130144, extraction of petroleum. In 2020 net assets value of the company exceeded 338 billion RUB.
The lowest net assets value among TOP 1000 belonged to JOINT STOCK COMPANY SAMARA BEARING PLANT, INN 6318100431, manufacture of ball and rolling bearings, it was declared as insolvent (bankrupt) and bankruptcy proceedings were opened 24.04.2018. Insufficient property figured out negative value – 2.3 billion RUB.
Covering the five-year period, the average net assets values of TOP 100 have a trend to increase with the decreasing growth rate (Picture 1).
Over the past five years, the share of companies with insufficient property had a positive trend to decrease (Picture 2).
In 2020, the revenue volume of the ten largest companies was about 47% of total TOP 1000 revenue (Picture 3). This is indicative of a relatively high level of capital concentration among companies in Samara.
In general, there is a trend to increase in revenue with the decreasing growth rate (Picture 4).
Profit and loss
In 2020, the largest organization in term of profit was JOINT STOCK COMPANY SAMARANEFTEGAS, INN 6315229162, extraction of petroleum. The company’s profit almost exceeded 34 billion RUB. Covering the five-year period, there is a trend to decrease in average net profit and growth rate (Picture 5).
For the five-year period, the average profit of TOP 1000 have the decreasing trend with the increasing net loss (Picture 6).
Key financial ratios
Covering the five-year period, the average values of the current liquidity ratio were above the recommended one - from 1,0 to 2,0 with a trend to increase (Picture 7).
Covering the five-year period, the average values of ROI ratio had a trend to increase (Picture 8).
Covering the five-year period, business activity ratio demonstrated the decreasing trend (Picture 9).
84% of companies of TOP 1000 are registered in the Register of small and medium-sized enterprises of the Federal Tax Service of the Russian Federation. In 2020, their share in total revenue of TOP 1000 is 24.4%, higher than the average country values in 2018-2019 (Picture 10).
Financial position score
Assessment of the financial position of TOP 1000 companies shows that the financial position of the majority of them is above average (Picture 11).
Complex assessment of activity of the largest companies in Samara, taking into account the main indexes, financial ratios and indicators, demonstrates the prevalence of positive trends in their activities in 2016 - 2020 (Table 1).
|Trends and evaluation factors||Relative share of factors, %|
|Dynamics of the average net assets value||10|
|Rate of growth (decrease) in the average size of net assets||-10|
|Increase (decrease) in the share of enterprises with negative values of net assets||10|
|Level of competition / monopolization||-10|
|Dynamics of the average revenue||10|
|Rate of growth (decrease) in the average size of revenue||-10|
|Dynamics of the average profit (loss)||-10|
|Rate of growth (decrease) in the average profit (loss)||-10|
|Growth / decline in average values of companies’ net profit||-10|
|Growth / decline in average values of companies’ net loss||10|
|Increase / decrease in average values of total liquidity ratio||5|
|Increase / decrease in average values of return on investment ratio||10|
|Increase / decrease in average values of asset turnover ratio, times||-10|
|Share of small and medium-sized businesses in terms of revenue being more than 20%||10|
|Financial position (the largest share)||10|
|Solvency index Globas (the largest share)||10|
|Average value of relative share of factors||0,9|
positive trend (factor), negative trend (factor)