title: Ð¡Ð¾Ð¾ÑÐ½Ð¾ÑÐµÐ½Ð¸Ðµ ÑÑÐ½Ð¾ÑÐ½Ð¾Ð¹ Ð¸ ÑÐºÐ¾Ð½Ð¾Ð¼Ð¸ÑÐµÑÐºÐ¸ Ð¾Ð±Ð¾ÑÐ½Ð¾Ð²Ð°Ð½Ð½Ð¾Ð¹ ÑÐµÐ½Ñ Ð°ÐºÑÐ¸Ð¹ ÑÐ¾ÑÑÐ¸Ð¹ÑÐºÐ¸Ñ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¹
title: Ð²ÑÐ¿ÑÑÐºÐ½Ð°Ñ ÐºÐ²Ð°Ð»Ð¸ÑÐ¸ÐºÐ°ÑÐ¸Ð¾Ð½Ð½Ð°Ñ ÑÐ°Ð±Ð¾ÑÐ° Ð¼Ð°Ð³Ð¸ÑÑÑÐ°
titleType: Subtitle
title: The relationship of market and economically justified prices of shares of Russian companies
Creators: name: Ð¡ÑÑÐµÑÐ¸Ð½, ÐÐ»ÐµÐºÑÐ°Ð½Ð´Ñ
Publisher: name: Ð¡Ð°Ð½ÐºÑ-ÐÐµÑÐµÑÐ±ÑÑÐ³ÑÐºÐ¸Ð¹ Ð¿Ð¾Ð»Ð¸ÑÐµÑÐ½Ð¸ÑÐµÑÐºÐ¸Ð¹ ÑÐ½Ð¸Ð²ÐµÑÑÐ¸ÑÐµÑ ÐÐµÑÑÐ° ÐÐµÐ»Ð¸ÐºÐ¾Ð³Ð¾
Year: 2024
Subjects: ÑÑÐ½Ð´Ð°Ð¼ÐµÐ½ÑÐ°Ð»ÑÐ½Ð°Ñ ÑÑÐ¾Ð¸Ð¼Ð¾ÑÑÑ
ÑÑÐ½Ð¾ÑÐ½Ð°Ñ ÐºÐ°Ð¿Ð¸ÑÐ°Ð»Ð¸Ð·Ð°ÑÐ¸Ñ
ÑÐ¸Ð½Ð°Ð½ÑÐ¾Ð²Ð°Ñ Ð¾ÑÑÐµÑÐ½Ð¾ÑÑÑ
Ð½ÐµÑÑÐµÐ³Ð°Ð·Ð¾Ð²ÑÐ¹ ÑÐµÐºÑÐ¾Ñ
ÑÑÐ°Ð²Ð½ÐµÐ½Ð¸Ñ ÑÐµÐ³ÑÐµÑÑÐ¸Ð¸
fundamental value
market value
financial statements
oil and gas sector
regression equations

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description: The purpose of the work is to assess the relationship between the market and economically justified share prices of Russian public joint-stock companies in the oil and gas sector, traded on the Moscow Exchange, to build an econometric model of the capitalization of companies and to develop recommendations for investors based on it. The following tasks were solved: - Consider the theoretical aspects of stock valuation based on the financial statements of companies in the oil and gas sector; - Calculate economically justified prices for shares of companies in the oil and gas sector of the Moscow Exchange, using financial reporting indicators, such as: book value of equity at the beginning of the reporting period, residual net profit at the time of valuation, required return on equity; - Build a model of the relationship between the economically justified share price of Russian companies, obtained using various models, and the market price of the share; - Evaluate this model and formulate conclusions and recommendations. The relevance of the topic is due to the importance of a more effective assessment of the relationship between market value and fundamental value, considering the effect of non-financial factors, improved technology, and the development of the financial market. This knowledge allows shareholders to make more accurate decisions to achieve their goals. The sources of information were data from domestic and foreign scientific research literature, official Internet resources and analytical agencies. A model is proposed for estimating the fundamental value of equity capital, considering the non-financial component, the results of which can be applied by Russian companies in the oil and gas sector.