SIBN (Gazprom Neft' PAO) vs MOEX Russia Comparison

SIBN

MOEX Russia

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

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SIBN

MOEX Russia

Difference

1Y 3Y 5Y 10Y 15Y 20Y

SIBN

MOEX Russia

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Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

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MOEX Russia

SIBN

2222

XOM

CVX

601857

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1Y 3Y 5Y 10Y 15Y 20Y

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

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Gazprom Neft' PAO
Glance View

Market Cap

2.9T RUB

Industry

Energy

Gazprom Neft' PAO, a behemoth in the realm of energy, operates at the intersection of vast hydrocarbon reserves and sophisticated technological prowess. As the oil arm of Gazprom, Russia’s colossal state-owned gas company, Gazprom Neft capitalizes on its integration across the entire oil value chain. With operations spanning exploration to refining and retail distribution, the company has mastered the art of transforming crude oil from its raw potential beneath the earth into fuel ready for the bustling highways. By leveraging its expansive network of refineries, Gazprom Neft ensures high conversion rates and diversified output, producing not just traditional fuels like gasoline and diesel, but also a suite of petrochemicals vital for modern industries. The company’s earning engine is further fueled by its strategic geographical positioning and significant assets, including extensive reserves in Russia and fields across the Middle East. Acting as more than just a downstream player, it integrates upstream exploration with downstream sales, allowing revenue streams to arise at each juncture of the process. Gazprom Neft's business model is bolstered by its retail distribution network, comprising a chain of service stations that ensure direct market access and consumer interaction. Such a robust vertical integration allows Gazprom Neft to capture value at every step, minimizing dependency on third-party providers and shielding the company from the volatility of the global energy markets, thus anchoring its prominent position in the oil sector.

View SIBN Analysis

SIBN Intrinsic Value

What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

SA		Saudi Arabian Oil Co SAU:2222	Add
US		Exxon Mobil Corp NYSE:XOM	Add
US		Chevron Corp NYSE:CVX	Add
CN		PetroChina Co Ltd SSE:601857	Add
UK		Shell PLC LSE:SHEL	Add
NL	R	Royal Dutch Shell PLC OTC:RYDAF	Add
FR		TotalEnergies SE PAR:TTE	Add
CN		China Petroleum & Chemical Corp SSE:600028	Add
UK		BP PLC LSE:BP	Add
BR		Petroleo Brasileiro SA Petrobras BOVESPA:PETR4	Add

SA		Saudi Arabian Oil Co SAU:2222	Select
US		Exxon Mobil Corp NYSE:XOM	Select
US		Chevron Corp NYSE:CVX	Select
CN		PetroChina Co Ltd SSE:601857	Select
UK		Shell PLC LSE:SHEL	Select
NL	R	Royal Dutch Shell PLC OTC:RYDAF	Select
FR		TotalEnergies SE PAR:TTE	Select
CN		China Petroleum & Chemical Corp SSE:600028	Select
UK		BP PLC LSE:BP	Select
BR		Petroleo Brasileiro SA Petrobras BOVESPA:PETR4	Select

SA		Saudi Arabian Oil Co SAU:2222	Add
US		Exxon Mobil Corp NYSE:XOM	Add
US		Chevron Corp NYSE:CVX	Add
CN		PetroChina Co Ltd SSE:601857	Add
UK		Shell PLC LSE:SHEL	Add
NL	R	Royal Dutch Shell PLC OTC:RYDAF	Add
FR		TotalEnergies SE PAR:TTE	Add
CN		China Petroleum & Chemical Corp SSE:600028	Add
UK		BP PLC LSE:BP	Add
BR		Petroleo Brasileiro SA Petrobras BOVESPA:PETR4	Add

MX	M	Mexico S&P/BMV IPC INDX:MXX	Add
PK	K	Karachi 100 INDX:KSE100	Add
SA	T	Tadawul All Share INDX:TASI	Add
TH	S	SET Index INDX:SET	Add
ID	J	Jakarta Composite Index INDX:JKSE	Add
GR	A	Athens General Composite INDX:ATG	Add
BR	B	BOVESPA INDX:BVSP	Add
AR	S	S&P Merval INDX:MERV	Add
CZ	P	PX Prague Stock Index INDX:PX	Add
PE	S	S&P/BVL Peru General Index INDX:SPBLPGPT	Add

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SIBN

vs

MOEX Russia

Stocks Performance
SIBN vs MOEX Russia

Performance Gap
SIBN vs MOEX Russia

Performance By Year
SIBN vs MOEX Russia

Competitors Performance
Gazprom Neft' PAO vs Peers

Gazprom Neft' PAO
Glance View

Company

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SIBN vs MOEX Russia

Stocks Performance SIBN vs MOEX Russia

Performance Gap SIBN vs MOEX Russia

Performance By Year SIBN vs MOEX Russia

Competitors Performance Gazprom Neft' PAO vs Peers

Gazprom Neft' PAO Glance View

Company

Help

Tools

Stocks

SIBN

vs

MOEX Russia

Stocks Performance
SIBN vs MOEX Russia

Performance Gap
SIBN vs MOEX Russia

Performance By Year
SIBN vs MOEX Russia

Competitors Performance
Gazprom Neft' PAO vs Peers

Gazprom Neft' PAO
Glance View