Business
Gazprom (OGZPY) and its subsidiaries operate one of the largest gas pipeline systems in the world and are responsible for substantially all gas production and high pressure gas transportation in the Russian Federation. The Group is also a major exporter of gas to European countries.
Valuation
The Global Investor believes Gazprom's share price at $6.79 at the time of writing is far too cheap based on a too high dividend yield. The trailing twelve month yield of 7.31% compares with a historical five year average of 6%. 2019 dividend yield stands at 9.7%. Meanwhile,