Trades significantly below book value, huge natural gas reserves, paying high dividend yield

Gazprom is listed in London in USD.

Price earning ratio: 4.42 times
Price to book: 0.25 times
Mkt cap: USD52bil
Dividend yield: 6.12% (investors will be subject to 15% withholding tax)
Share price: About USD4.38

Price earning ratio of Gazprom is low compared to other energy giants:
• Exxon Mobil: 25 times
• Total SA: 18 times
• BP: 33 times
• Royal Dutch Shell: 31 times

Gazprom supplies 34% of natural gas to European Union.

- Finland, Lithuania, Latvia, Estonia receives 100% of gas from Gazprom.

- Bulgaria, Slovakia, Hungary receive 80% of gas from Gazprom.

- Poland, Czech Republic, Austria, Turkey, Greece, Slovenia receive 50% of gas from Gazprom.

- Germany receives 40% of gas from Gazprom.


Gazprom has 17% of global natural gas reserves, could cover the world's demand for natural gas for 44 years.

Gazprom is 50% owned by Russia Government.

Half of Gazprom's earnings, or around 454 billion roubles, in 2016 was provided by foreign-currency revenues.

2016 revenue: US$91bil
2016 net income: US$14bil

Risk:
Currency risk in Russian Ruble.
Political risk in Russia.
Prolonged sanction on Russia economy.