Friday January 15, 2021 15 January 2021

NEWS BITES - BRIC

Gazprom PJSC (MICEX:GAZP), Russia's 2nd largest Oil & gas company by market cap, has decreased RUB2.36 (1.0%) from its previous trading session to close at RUB226.50. Compared with the MOEX Russia Index which fell 39.9 points (1.1%) in the day, the relative price increase was 0.1%.

There were 54,810,260 shares worth RUB12.4 billion ($169 million) traded today. The fall was exacerbated by firm volume of 1.3 times the average daily volume of 41.2 million shares.

Bearish Turning Point

Relative Strength Index (RSI)

The Relative Strength Index (RSI) of 78.3 has penetrated the overbought line of 70, suggesting the price gain of 8.7% in the last 14 days is unusually high. The RSI was previously 67.0.

GAZP Stock Dashboard (traded in RUB)

CurrencyUSD 1 = RUB 73.45 SectorOil & Gas
Jan 15 closeRUB226.50Shares Outstanding23,645,000,000
Ave Daily Volume41,166,591 sharesMarket CapRUB5,355.6 billion [$72.9 billion]
52-Week Range (In RUB)151.90 - 256.60EPS Growth (FY2018 vs FY2017)103.9%
P/E3.4

OGZPY ADR Dashboard (traded in $)

Home ExchangeRussia% of shares outstanding0.03%
CodeOGZPYRatio1 ADR equals 2 ordinary shares
ISINUS3682872078TypeSponsored
CUSIP368287207Jan 15 close$6.08
*No. Held by Institutions3,116,341Ave Daily Volume685,933 ADRs
Number of shares equivalent6,232,68252-Week Range (In USD)3.81 - 8.27

*Total ADRs Held by Institutions 3,116,341; equivalent to 6,232,682 PJSC Gazprom shares on issue. This represents 0.03% of total shares on issue.

Primary Exchange and Other Listings: Trading Currency and Volume (Excl ADR)

ExchangeTickerCurrencyLastADVTVol % of TotalToday's VI
MicexGAZPRUB226.565,000,04199.80.8
FrankfurtGAZEUR5.061,409,6190.20.1
Total100.00

1 RUB [Russian Ruble]= 89.7117 EUR

ADVT= Avg. Daily Volume of Trading; VI= Volume Index (1 is avg)

GAZP Financials Summary: EPS up 103.9% to RUB65.89 in FY2018

+ Net profit was up 103.9% from $9.6 billion in FY2017 to $19.6 billion in FY2018.

+ Earnings Per Share (EPS) was up 103.9% from RUB32.32 in FY2017 to RUB65.89 in FY2018.

Year ended DecFY2018FY2017FY2016
Sales ($ B)110.888.294.5
Pretax ($ B)24.913.712.4
Net ($ B)19.69.69
EPS (RUB)65.8932.3228.13

INDEX

SECTION 1 Recent News

SECTION 2 Corporate Profile and Independent Ratings

SECTION 3 Today's Bearish Signals

SECTION 4 Ongoing Bearish Parameters

SECTION 5 Today's Bullish Signals

SECTION 6 Ongoing Bullish Parameters

SECTION 7 Financials

SECTION 8 Peer Group Analysis & Ranking

SECTION 9 Currency Synopsis: Russian Ruble (RUB)

SECTION 10 Credit Rating Summary

Glossary

DATA DOWNLOAD CENTER

GAZP: EXCEL TABLES ARE AVAILABLE TO EXPORT DATA:

+ PRICE VOLUME - 5-YEAR HISTORY

+ FINANCIALS - 10-YEAR HISTORY:

+ PEER COMPARISON - STOCK IN OIL & GAS SECTOR AND STOCK IN INDICES

GAZP: LINKS IN HTML TO FURTHER INFORMATION:

+ NEWS ARCHIVES - GAZP PAST 3 YEARS IN HTML:

+ PRICE VOLUME CHARTS IN HTML

+ USD vs RUB EXCHANGE RATE CHARTS IN HTML

SECTION 1 Recent News

1.1 FY 2020

Gazprom sinks 17% in 2020, underperforming 87% of the market

Gazprom PJSC (MICEX:GAZP), Russia's largest Oil & Gas company by market cap, has sunk RUB43.48 (or 17%) in 2020 to close at RUB212.98. Compared with the MOEX Russia Index which has risen 8.0% in 2020, this is a relative price change of -25%.

The stock has underperformed 87% of Russia-listed stocks in 2020. Market Capitalization has declined by RUB1,035.4 billion ($14.1 billion) to RUB5,035.9 billion ($68.5 billion).

Average daily volume of 45.4 million shares in 2020 was 1.5 times the average daily volume in 2019.

1.2 People's News

Thu Dec 24, 2020

Alexey Miller's performance as Director of Gazprom (MICEX:GAZP) is ranked in the second quartile of BuySellSignals performers for the past three years; a percentile ranking of 74.5. In the last 3 years the average annualized return to shareholders was 10.0%. The 3-year average return is ranked 10,853 out of 42,594 public companies traded globally. The present value of US$1,000 (PV1000) invested 3 years ago is now worth $1,334; a capital gain of $334.

SECTION 2 Corporate Profile and Independent Ratings

2.1 Activities

Gazprom is a gas company basically focused on geological exploration, production, transmission, storage, processing and marketing of gas and other hydrocarbons.

2.2 Contact Details

Websitehttp://www.gazprom.com
Physical Addressul. Nametkina, 16, V-420, GSP-7 , MOSCOW 117997 , Russian Federation
Phone495-719-30-01
Fax495-719-83-33

2.3 Industry & Sector

Classification LevelName of Sector
Business SectorEnergy - Fossil Fuels
Industry GroupOil & Gas
Economic SectorEnergy

2.4 Independent Ratings

+ Top 100 Polluters:

According to environmental non-profit Carbon Disclosure Project (CDP) just 100 companies have been the source of more than 70% of the world's greenhouse gas emissions from 1988 to 2015. The CDP ranked Gazprom PJSC 3 [rank 1 is worst] in the top 100 polluters. Gazprom PJSC contributed 3.91% of global industrial greenhouse gas emissions in that period.

+ Platts 250:

It is the largest company in the Platts Top 250 Global Energy Company Rankings.

+ Fortune 500:

It was ranked 63 by total revenues in the Fortune 500 annual list for 2017; a deterioration over a year from rank 56 in 2016.

+ Industryweek 1000:

It is a new entrant in the Industry Week list of the world's largest 1000 manufacturers by Revenues in 2016, ranked 35.

+ Newsweek 500:

It was ranked 331 by Newsweek and Corporate Knights Capital in the World's 500 Greenest Companies 2016. It had outstanding scores of 4.4% in Carbon productivity, 1.8% in Waste productivity and 1% in Water productivity.

+ FT 500:

It is the 43rd largest by revenue in the FT Global 500.

+ Brand Finance 500:

It was ranked 180 in the Brand Finance list of the world's 500 Valuable Banking brands by brand value in 2015; a deterioration over a year from rank 147 in 2014. Brand Finance valued the brand at US$868 million.

+ Forbes 2000:

It is the 19th largest by revenue in the Forbes Global 2000.

+ IHS Energy 50:

It was ranked 8 in IHS Energy's list of Top 50 Energy Companies 2013; an improvement over a year from rank 9 in 2012.

SECTION 3 Today's Bearish Signals

3.1 Rank in the bottom 21% by Relative Valuation in the Russian market

DescriptionValueRank
EV/EBITDA5.2In Bottom 21%

3.2 Rank in the bottom 22% by Price Performance in the Russian market

DescriptionValueRank
PV1000 [1 yr] $749In Bottom 22%

3.3 Downtrend

Past Quarter:

- In the last three months the stock has hit a new 52-week low twice.

3.4 Other Bearish Signals

- Return on Equity of 11.1% versus sector average of 21.4% and market average of 15.3%.

- Return on Assets of 7.3% versus sector average of 10.8%.

- Return on Capital Employed of 10.1% versus sector average of 13.7% and market average of 11.2%.

- As per the Du Pont analysis, Return on Equity of 11.1% is lower than sector average of 21.4%. This is computed as net profit margin of 18.6% times asset turnover [sales/assets] of 0.4 times leverage factor [total assets/shareholders' equity] of 1.5.

3.5 Overbought/Bearish Signals:

- The Relative Strength Index (RSI) of 78.3 has penetrated the overbought line of 70, suggesting the price gain of 8.7% in the last 14 days is unusually high.

- The stock is overbought according to the Williams % R indicator of -15.3, suggesting the price is close to its 14-day high of RUB231.44.

- The Stochastic indicator of 88.7 has broken through the overbought line of 80; this indicates the price is close to its 14-day high and is likely to revert to a downtrend.

SECTION 4 Ongoing Bearish Parameters

4.1 Present Value of RUB1000 Invested in the Past Year; The Worst Period with PVRUB1000 < 902

PVRUB1,0001 yr ago
GAZP.MICEXRUB901
Oil & Gas sectorRUB924
MOEX Russia IndexRUB1,101

4.2 Past year: price fall of 9.9%

1-Year price change of -9.9% for Gazprom underperformed the change of 10.2% in the MICEX Index for a relative price change of -20.1%.

Price Change %Year
Gazprom-9.9
Oil & Gas sector-7.7
MICEX Index10.2

4.3 Moving Annual Return of -9.9% in the past year:

Moving Annual Return was -9.9% in the past year. Based on a dynamic start date of 5 years ago, the real rate of return has averaged 14.2%

GAZPClose (RUB)Annual Return %
Jan 15226.5(9.9)
1 Yr ago251.4356.5
2 Yrs ago160.6911.8
3 Yrs ago143.7(8.1)
4 Yrs ago156.3720.5

Close 5 years ago RUB129.72

4.4 Annualised Period-based Total Shareholder Returns [TSR %]: The Worst Period with TSR < -9.8%

TSR %1 yr
GAZP.MICEX-9.9

SECTION 5 Today's Bullish Signals

5.1 Momentum Up 1.5% Past Week

Gazprom outperformed the MICEX Index in 4 out of 5 days. The price ranged between a low of RUB225.49 on Friday, Jan 08 and a high of RUB228.86 on Thursday, Jan 14.

DayGazpromClose price [RUB]Price change %Relative change % *Comment
ThursdayRises in 4 out of last 5 days; 5-day rise of 1.5%228.860.90.3VI*=1.5
WednesdayDecreases RUB1.89 on robust volume226.8-0.8-0.8Steepest Fall; VI*=1.5
TuesdayKeeps rising, up 6.7% in 3 days228.690.50.8VI*=1.6
MondayHits eleven-month high on strong volume227.60.90.1VI*=2.8
FridayClimbs 5.2% strengthening above moving average price, hits 318-day high225.495.22.7Top Rise; VI*=2.5

* Relative change is price change of stock with respect to Benchmark Index, MICEX Index.

[Volume Index (VI); 1 is average]

5.2 Rank in the top 19% by Relative Valuation in the Russian market

DescriptionValueRank
P/E * P/NTA1.34In Top 7%
Price/Earnings3.4In Top 19%

5.3 Rank in the top 14% by Price Performance in the Russian market

DescriptionValueRank
Price/MAP501.14In Top 12%
1-month Price Change %13.3In Top 14%

5.4 Uptrend

Price/Moving Average Price of 1.17 and positive MACD:

- The price to 200-day MAP ratio is 1.17, a bullish indicator. In the past 200 days this ratio has exceeded 1.17, just thrice suggesting a resistance level. The stock is trading above both its MAPs and the 50-day MAP of RUB199.17 is higher than the 200-day MAP of RUB193.65, a bullish indicator. The 200-day MAP has increased to RUB193.65. An increase is another bullish indicator.

- The Moving Average Convergence Divergence (MACD) indicator of 12-day Exponential Moving Average (EMA) of 220.51 minus the 26-day EMA of 210.7 is positive, suggesting a bullish signal. Both the 12-day EMA as well as the 26-day EMA are rising, another bullish signal.

- The price to 50-day EMAP ratio is 1.1, a bullish indicator. In the past 50 days this ratio has exceeded 1.1, seven times suggesting further upside. The 50-day EMAP has increased to RUB200.02. An increase is another bullish indicator.

Past Quarter:

The Best 3 weeks in the past quarter

In the past quarter the week beginning Monday December 14 saw the highest weekly rise of 11.2% for a relative price increase of 11.3%. The rise was propped up by volume of 2.8 times average.

Mon-FriChange %MICEX Index Change %RPC %Vol Ind [1 is avg]
Dec 14-1811.2-0.111.32.8
Nov 02-066.96.70.22
Nov 16-206.50.85.72.4

5.5 Undervaluation

Price/Earnings:

Gazprom stock is trading at the second lowest P/E multiple in the MOEX Russia Index.

Price/Earnings of 3.4 < sector avg of 5.8:

- Price/Earnings of 3.4 versus sector average of 5.8 and market average of 8.5.

MCap/Total Assets:

- Tobin's Q Ratio, defined as MCap divided by Total Assets, is 0.3. Compared with the rest of the market the stock is undervalued.

Brand Value/Enterprise Value:

- Brandirectory have estimated Gazprom brand value at RUB610.6 billion ($8.3 billion). The Brand Value represents 6.3% of the estimated Enterprise Value of RUB9,695.6 billion ($132 billion). Enterprise Value is defined as MCap of RUB5,355.6 billion plus net debt of RUB4,340 billion.

5.6 Other Bullish Signals

- Total Liabilities/EBITDA of 3.8 is less than 5, this compares favourably with the Joseph Piotroski benchmark of 5.

- Net profit margin has averaged 13.3% in the last 3 years. This is better than the sector average of 11.2% and suggests a high margin of safety.

SECTION 6 Ongoing Bullish Parameters

6.1 Rank in the top 3% by Size in the Russian market

DescriptionValueRank
Ave daily TurnoverRUB12.4 billion ($169 million)In Top 2%
MCap$72.9 billionIn Top 3%

6.2 Present Value of RUB1000 Invested in the Past [3 Mo, 3 Yrs]; The Best Periods with PVRUB1000 > 1,360

PVRUB1,0003 mo ago3 yrs ago
GAZP.MICEXRUB1,361RUB1,576
Oil & Gas sectorRUB1,318RUB1,468
MOEX Russia IndexRUB1,231RUB1,527

6.3 The Best Periods [3 Mo, 3 Yrs] with Price Change % > 36

3-Year price change of 57.6% for Gazprom outperformed the change of 52.7% in the MICEX Index for a relative price change of 4.9%.

Price Change %Quarter3 Years
Gazprom36.157.6
Oil & Gas sector31.846.5
MICEX Index23.352.7

6.4 MCap: 5-Year Increase of RUB2,285 billion [$31 billion]

In the past 5 years Market Capitalization has increased by RUB2,284.7 billion (74%) from RUB3,070.9 billion to RUB5,355.6 billion. Based on a dynamic start date of 5 years ago, there have been declines in MCap in 3 out of 5 years.

PriceMCap (RUB B)MCap ($ B)
LastRUB226.505,355.672.9
1 Year agoRUB251.435,952.297.5
2 Years agoRUB160.693,804.156.7
3 Years agoRUB143.703,401.960.1
4 Years agoRUB156.373,701.862.2
5 Years agoRUB129.723,070.940.2

6.5 EPS growth [FY2018 vs FY2017] of 103.9%:

FYEPS (RUB)Growth %
201865.89103.9
201732.3214.9

6.6 Annualised Period-based Total Shareholder Returns [TSR %]: The Best Periods with TSR > 11.7%

TSR %3 yrs5 yrs10 yrs
GAZP.MICEX16.211.842.4

6.7 Increased Volume, up 62% in 5 years

In the past five years, Average Daily Volume of Trading (ADVT) has increased 61.6% to 41.2 million shares.

Avg. Daily Volume Traded 12 months ended Jan 15, million shares

YearADVT
202141.2
202032.7
201923.2
201827.0
201725.5

6.8 Increased VWAP, up 33% in 5 years

In the past five years Volume Weighted Average Price (VWAP) has increased by 33.1% to RUB192.36. Based on a dynamic start date of five years ago, there have been declines in VWAP in 2 out of 5 years.

Past five years, 12 months ended Jan 15 (RUB)

YearHigh PriceVWAPLow Price
2021256.6192.36151.9
2020272.68220.08148.83
2019176.95148.4128.19
2018158.2128.32111.46
2017170.43144.56122.75

6.9 Increased share turnover, up 175% in 5 years

In the past five years, average daily share turnover has increased 175.1% to RUB9.9 billion ($134.6 million). This suggests increased liquidity.

Past five years, 12 months ended Jan 15 (RUB billion)

YearAverage Daily Turnover
20219.9
20206.9
20193.4
20183.4
20173.6

6.10 Satisfies four criteria of Benjamin Graham

- The P/E of 3.4 multiplied by the P/NTA of 0.4 is 1.3. Being less than the Benjamin Graham benchmark of 22.5 the stock appears undervalued.

- "A stock price down to at least two-thirds of tangible book value per share"; the price is 0.37 times tangible book value per share of RUB618.46.

-"Total debt less than tangible book value"; total debt of RUB3863.8 billion (US$55.6 billion) is less than tangible book value of RUB13668.1 billion (US$196.7 billion).-"Earnings growth over the most recent ten years of 7% compounded - that is a doubling of earnings in a five-year period"; the earnings per share have more than doubled in the last 5 years.

-"Stability of growth in earnings over the last 5 years, defined as no more than two declines of 5% or greater in year-end earnings";there have been 2 declines in earnings in the last 5 years.

6.11 Satisfies 6 out of 9 criteria of Joseph Piotroski [pass mark 5]:

- Positive net income.

- Positive operating cashflow.

- Return on Assets improvement [from 4.2% to 7.3%].

- Good quality of earnings [operating cashflow exceeds net income].

- Improvement in current ratio from 1.3 to 1.7.

- Total shares on issue unchanged.

SECTION 7 Financials

EXCEL TABLES ARE AVAILABLE TO EXPORT AS FOLLOWS:

Financials H1/2020, FY 2018, Past 10 Years

http://www.buysellsignals.net/BuySellSignals/report/Russia/Stock/PDF/quarterly/xls/GAZP_Financials.xls

SECTION 8 Peer Group Analysis & Ranking

8.1 Global Peer Group (all figures in $): Key Financials

In its Global Peer Group of 9 companies GAZP is ranked first by Net Profit, third by Total Assets, fifth by MCap, Revenue and ninth by Relative Str. (6 mo), PV $1000 (1 yr).

Name (Code)Relative Str. (6 mo)MCapPV $1000 (1 yr)RevenueNet ProfitTotal Assets
Rank of GAZP959513
Gazprom (GAZP)3972.9B748.6112B19.8B283.3B
Total (FP)62122.5B998.0176.2B11.3B273.3B
BP (BPE)5384.7B763.8371B11.5B344.6B
BP (BP.)4083.8B748.9282.6B4B295.2B
Rosneft Oil Company (ROSN)6373.9B983.9118.1B9.6B176.3B
NovaTek (NVTK)5856.9B960.111.7B11.8B27.4B
Neste (NESTE)8956.8B2,156.519.3B2.2B12B
Lukoil (LKOH)4552.3B870.3106.8B8.7B81B
ConocoPhillips (COP)5948.4B751.536.7B7.2B70.5B

Global Peer Group: Relative Value Indicators

GAZP is ranked first by P/E and fifth by Turnover Rate.

Name (Code)Country CodeLast PriceP/EP/SP/BookTurnover Rate (%)% Disc to 52-w HiRetention Ratio
Rank of GAZP15
Gazprom (GAZP)RURUB226.503.540.410.8
Total (FP)FREUR37.109.10.71.474.0
BP (BPE)DEEUR3.417.30.138.3
BP (BP.)GBGBX302.4520.60.362.435.0
Rosneft Oil Company (ROSN)RURUB512.207.60.61.114.80.173.0
NovaTek (NVTK)RURUB1,375.805.05.12.69.11.489.6
Neste (NESTE)FIEUR60.4225.92.98.026.36.712.4
Lukoil (LKOH)RURUB5,888.506.20.545.36.058.9
ConocoPhillips (COP)US$45.127.31.41.4189.925.473.7

8.2 BuySellSignals Fundamentals Valuation Ranking: Gazprom vs Russian Market

Out of 155 stocks in the Russian Market, Gazprom is ranked first by Net Profit $, fifth by P/Earnings, sixth by Price/Net Tangible Assets and Twenty-sixth by EPS Growth YOY (%).

Russian AvgGAZPRankRank 1Rank 2Rank 3Lowest Rank
Net Profit $1.2 B19.8 B119.8 B GAZP11.8 B NVTK9.6 B ROSN(826.5 M) UTAR
P/Earnings8.5x3.4x52.3x NMTP3.2x FEES3.4x RNFT-
Price/Net Tangible Assets1.2x0.4x60.1x TRNFP0.1x MFGS0.3x MSNG-
EPS Growth YOY (%)4.9103.926 740.2 ZVEZ428.97 NVTK-
EBITDA Margin%14.722.54583.2 ODVA67.98 SFIN61.1 SBER(63.5) UTAR
ROA (%)7.47.35163.4 ALNU43.9 NVTK31.3 NMTP0.01 KBTK
Total Debt/Equity (the lower the better)0.3x0.3x56WTCMWTCMPODVA10.7x NKSH
Premium to 52-Wk Low (%)95.9649.1744.5 RLMN5.6 ENRU6.2 PLZL391.8 MAGE
ROE (%)15.311.192 140.5 MTSS-
Discount to 52-Wk High (%)2.211.713162.95 TUCH54.4 RLMN49.1 TASBP0.8 MRKZ

Negative values are shown in brackets.

8.3 Share in Index

Gazprom is a constituent of the following indices. Its market capitalisation accounts for 12.1% of the combined MCap of the RTS Index.

Index NameMCap of Index ($ B)MCap as % of Index
RTS Index600 12.1
MOEX Russia Index613 11.9

8.4 Global Rank [out of 47,979 stocks] and Rank of Gazprom in the Europe Region [out of 7,619 stocks]

DescriptionValueGlobal RankIn Eur Region
MCap ($)72.9B24243
Total Assets ($)283.3B27369
Revenue ($)112B9125
Net Profit ($)19.8B418
Return on Equity %11.110,1871,920
Net Profit Margin %18.65,9961,108
Price to Book0.44,086558
Price/Earnings3.5901163
PV1000 (1Year) $*74935,1105,967
$* Change (1Year) %-24.434,4015,915

* 1 year ago $1 = RUB 61.04

Jan 15, 2021: $ 1 equals RUB 73.45

8.5 Rank of Gazprom in the MICEX Index [out of 34 stocks], in the Total Russian Market [out of 220 stocks] and in the Oil & gas sector [out of 19 stocks]

DescriptionValueIn MICEX IndexIn Total Russian MarketIn Oil & gas sector
Return on Equity %11.1226813
Net Profit Margin %18.615297
Price to Book0.44487
Price/Earnings3.43214
PV1000 (1Year) RUB9012215614

8.6 Long-Term Fundamental Ranking: 4 out of 5 [5 is best]

Gazprom is ranked number 2 out of 19 listed oil & gas companies in the Russia with a market capitalization of RUB5,355.6 billion ($72.9 billion).

Within its sector it has a relatively low P/E of 3.4.

It has a low relative ROE of 11.1% and ROA of 7.3%. Finally, its earnings growth in the past 12 months has been a comparatively moderate 103.9%.

Stocks are scored on a set of parameters reflecting fundamental analytical tools involving valuation, size and financial performance. They are ranked according to the average values of those parameters. The highest ranking is 5 and the lowest ranking is 1.

SECTION 9 Currency Synopsis: Russian Ruble (RUB)

Currency Synopsis: Russian Ruble (RUB)

SECTION 10 Credit Rating Summary

Russia:

Rating AgencyLong TermForeign CurrencyDescription
FitchBBB-
Moody'sBaa3
S&PBBB-Considered lowest investment grade by market participants. The minus (-) sign shows relative standing within the major rating category.
FITCHBBB-Good credit quality: 'BBB' ratings indicate that expectations of default risk are currently low. The minus (-) sign shows relative standing within the major rating category.
DAGONGAHigh Credit Quality: "A" ratings denote expectations of relatively low default risk. The capacity for payment of financial commitments is considered sufficient. However, this capacity may be more vulnerable than those of the higher ratings to adverse business or economic conditions due to any foreseeable event.

Glossary

ADVT: Average Daily Volume of shares Traded

Annual Return: Dividends Paid In a 12-Month Period/Price at the Beginning of the Period + Capital Gain or Loss over 1 Year/Price 1 Year Ago (%)

Capital Gain/Loss from n Years Ago to n-1 Years Ago: Capital Gain or Loss over 1 Year/Price 1 Year Ago (%)

Current Ratio: Current Assets/Current Liabiliites (times)

Debt/Equity: Net Debt/Net Assets %

EBIT Margin : Earnings Before Interest and Tax/Revenue (%)

Moving Average Price (n periods): Sum of Prices for each Period/Number of Periods

PCP: Previous Corresponding Period

PV1000: Present value of 1000 invested 1 year/'n' years ago

Price Close/Moving Avg Price: Latest Price/Moving Average Price

Price/Earnings: Share Price/Earnings Per Share (times)

Price/NTA: Closing Share Price/Net Tangible Assets Per Share (times)

Relative Price Change [RPC]: Relative price change is price change of stock with respect to Benchmark Index

Relative Strength (6 Months): Price close today/Price close 6 months ago, then ranked by percentile within the entire market.

Return on Assets: Net Profit/Total Assets (%)

Return on Equity (Shareholders' Funds): Net Profit/Net Assets (%)

TSR: Total Shareholder Returns is expressed as an annualized rate of return for shareholders after allowing for capital appreciation and dividend

Turnover Rate: value of annual trading volume as a percentage of market capitalisation

Volume Index (VI): Number of shares traded in the period/Average number of shares traded for the period

Volume Weighted Average Price (VWAP): The Volume Weighted Average Price (VWAP) is the summation of turnover divided by total volume in the same period.

Created by www.buysellsignals.com