SNGS (Surgutneftegaz PAO) vs MOEX Russia Comparison

SNGS

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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SNGS

MOEX Russia

Difference

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

SNGS

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

SNGS

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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Surgutneftegaz PAO
Glance View

Market Cap

1.7T RUB

Industry

Energy

Surgutneftegaz PAO, a cornerstone of the Russian energy sector, traces its roots back to the rich oil fields of Western Siberia, where it began its journey in the seismic decades following World War II. The company has built its reputation by mastering the art of oil exploration, extraction, and refining. Situated in one of the world's most bountiful oil reserves, Surgutneftegaz has honed a vertically integrated model that ensures control over every step of its value chain. This integration allows the company to extract crude oil from its extensive fields and efficiently transport and refine it into various petroleum products, capitalizing on the global demand for energy. Renowned for its conservative financial practices, Surgutneftegaz has amassed significant reserves, safeguarding it against the cyclical nature of the oil market. Its operational ethos is rooted in maximizing production efficiency and pioneering technological innovations, thus reducing costs and enhancing output. The company also earns revenue by marketing petroleum products domestically and internationally, tapping into energy markets worldwide. Additionally, Surgutneftegaz has used its financial acumen to invest in petrochemicals and power generation sectors, diversifying its portfolio and further solidifying its position as a titan in the energy domain. Through this strategic blend of operational prowess and financial prudence, Surgutneftegaz PAO has crafted a sustainable and robust business model in one of the world's most competitive industries.

View SNGS Analysis

SNGS 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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SNGS

vs

MOEX Russia

Stocks Performance
SNGS vs MOEX Russia

Performance Gap
SNGS vs MOEX Russia

Performance By Year
SNGS vs MOEX Russia

Competitors Performance
Surgutneftegaz PAO vs Peers

Surgutneftegaz PAO
Glance View

Company

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SNGS vs MOEX Russia

Stocks Performance SNGS vs MOEX Russia

Performance Gap SNGS vs MOEX Russia

Performance By Year SNGS vs MOEX Russia

Competitors Performance Surgutneftegaz PAO vs Peers

Surgutneftegaz PAO Glance View

Company

Help

Tools

Stocks

SNGS

vs

MOEX Russia

Stocks Performance
SNGS vs MOEX Russia

Performance Gap
SNGS vs MOEX Russia

Performance By Year
SNGS vs MOEX Russia

Competitors Performance
Surgutneftegaz PAO vs Peers

Surgutneftegaz PAO
Glance View