Transneft' PAO
MOEX:TRNFP

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Transneft' PAO Logo
Transneft' PAO
MOEX:TRNFP
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Price: 1 409.2 RUB 1.02% Market Closed
Market Cap: 219.1B RUB

Relative Value

The Relative Value of one TRNFP stock under the Base Case scenario is 3 322.12 RUB. Compared to the current market price of 1 409.2 RUB, Transneft' PAO is Undervalued by 58%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

TRNFP Relative Value
Base Case
3 322.12 RUB
Undervaluation 58%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
68
vs Industry
Median 3Y
0.2
Median 5Y
0.2
Industry
1.4
vs History
77
vs Industry
Median 3Y
1
Median 5Y
1.2
Industry
12.4
vs History
52
vs Industry
Median 3Y
0.4
Median 5Y
0.5
Industry
5.2
vs History
1
vs Industry
Median 3Y
2
Median 5Y
2
Industry
11.2
vs History
61
vs Industry
Median 3Y
0.1
Median 5Y
0.1
Industry
1.3
vs History
vs Industry
Median 3Y
-0.1
Median 5Y
0.2
Industry
2.2
vs History
vs Industry
Median 3Y
-0.1
Median 5Y
0.3
Industry
5.3
vs History
vs Industry
Median 3Y
-0.4
Median 5Y
0.9
Industry
6.7
vs History
vs Industry
Median 3Y
-0.4
Median 5Y
0.9
Industry
10.2
vs History
vs Industry
Median 3Y
0.6
Median 5Y
0.7
Industry
7.1
vs History
vs Industry
Median 3Y
1.1
Median 5Y
1.4
Industry
11.7
vs History
vs Industry
Median 3Y
-0
Median 5Y
0.1
Industry
1.1

Multiples Across Competitors

TRNFP Competitors Multiples
Transneft' PAO Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
RU
Transneft' PAO
MOEX:TRNFP
219.1B RUB 0.2 0.8 -0.3 -0.3
CA
Enbridge Inc
TSX:ENB
138.6B CAD 2.2 24.7 14.5 22
US
Williams Companies Inc
NYSE:WMB
73.7B USD 6.4 31.1 15.9 25.2
US
Enterprise Products Partners LP
NYSE:EPD
69.3B USD 1.3 12.1 10.7 14.6
US
Kinder Morgan Inc
NYSE:KMI
60.3B USD 3.7 22.2 13.3 20.5
US
Energy Transfer LP
NYSE:ET
58.2B USD 0.7 13.5 8 12.7
CA
TC Energy Corp
TSX:TRP
78B CAD 6.3 23 15.9 23.2
US
MPLX LP
NYSE:MPLX
53.9B USD 4.2 11.2 10.7 13.1
US
ONEOK Inc
NYSE:OKE
45.8B USD 1.5 13.7 10.4 13
US
Cheniere Energy Inc
NYSE:LNG
42.2B USD 2.2 10.5 7.6 8.9
US
Targa Resources Corp
NYSE:TRGP
38B USD 2.2 23.5 11.8 17.5
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
RU
Transneft' PAO
MOEX:TRNFP
Average EV/EBITDA: 11.9
Negative Multiple: -0.3
N/A N/A
CA
Enbridge Inc
TSX:ENB
14.5
14%
1
US
Williams Companies Inc
NYSE:WMB
15.9
19%
0.8
US
Enterprise Products Partners LP
NYSE:EPD
10.7
5%
2.1
US
Kinder Morgan Inc
NYSE:KMI
13.3
11%
1.2
US
Energy Transfer LP
NYSE:ET
8
9%
0.9
CA
TC Energy Corp
TSX:TRP
15.9
13%
1.2
US
MPLX LP
NYSE:MPLX
10.7
8%
1.3
US
ONEOK Inc
NYSE:OKE
10.4
13%
0.8
US
Cheniere Energy Inc
NYSE:LNG
7.6
0%
N/A
US
Targa Resources Corp
NYSE:TRGP
11.8
14%
0.8
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
RU
Transneft' PAO
MOEX:TRNFP
Average EV/EBIT: 17.1
Negative Multiple: -0.3
N/A N/A
CA
Enbridge Inc
TSX:ENB
22
15%
1.5
US
Williams Companies Inc
NYSE:WMB
25.2
23%
1.1
US
Enterprise Products Partners LP
NYSE:EPD
14.6
5%
2.9
US
Kinder Morgan Inc
NYSE:KMI
20.5
11%
1.9
US
Energy Transfer LP
NYSE:ET
12.7
7%
1.8
CA
TC Energy Corp
TSX:TRP
23.2
16%
1.5
US
MPLX LP
NYSE:MPLX
13.1
7%
1.9
US
ONEOK Inc
NYSE:OKE
13
10%
1.3
US
Cheniere Energy Inc
NYSE:LNG
8.9
-1%
N/A
US
Targa Resources Corp
NYSE:TRGP
17.5
15%
1.2