title: Ð£Ð¿ÑÐ°Ð²Ð»ÐµÐ½Ð¸Ðµ ÐºÐ°Ð¿Ð¸ÑÐ°Ð»Ð¸Ð·Ð°ÑÐ¸ÐµÐ¹ ÑÐ¾ÑÑÐ¸Ð¹ÑÐºÐ¸Ñ Ð¿ÑÐ±Ð»Ð¸ÑÐ½ÑÑ Ð°ÐºÑÐ¸Ð¾Ð½ÐµÑÐ½ÑÑ Ð¾Ð±ÑÐµÑÑÐ² Ð½ÐµÑÑÐµÐ³Ð°Ð·Ð¾Ð²Ð¾Ð³Ð¾ ÑÐµÐºÑÐ¾ÑÐ°
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: Capitalisation management of russian public joint stock companies in the oil and gas sector
Creators: name: Ð¥Ð°Ð»Ð¸Ð»Ñ, ÐÐ»ÐµÑÑÐ°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Â ÐºÐ°Ð¿Ð¸ÑÐ°Ð»Ð¸Ð·Ð°ÑÐ¸Ñ
ÑÑÐ¾Ð¸Ð¼Ð¾ÑÑÑ Ð±ÑÐ´ÑÑÐµÐ³Ð¾ ÑÐ¾ÑÑÐ°
Ð¾Ð±ÑÐ°ÑÐ½ÑÐ¹Â Ð²ÑÐºÑÐ¿ Ð°ÐºÑÐ¸Ð¹
fundamental value
market capitalization
value of future growth
share buyback

description: ÐÐºÑÑÐ°Ð»ÑÐ½Ð¾ÑÑÑ ÑÐµÐ¼Ñ Ð¾Ð±ÑÑÐ»Ð¾Ð²Ð»ÐµÐ½Ð° Ð²Ð°Ð¶Ð½Ð¾ÑÑÑÑ Ð±Ð¾Ð»ÐµÐµ Ð°Ð´ÐµÐºÐ²Ð°ÑÐ½Ð¾Ð¹ Ð¾ÑÐµÐ½ÐºÐ¸ Ð²Ð·Ð°Ð¸Ð¼Ð¾ÑÐ²ÑÐ·Ð¸ ÑÑÐ½Ð¾ÑÐ½Ð¾Ð¹ ÑÑÐ¾Ð¸Ð¼Ð¾ÑÑÐ¸ Ð¸ ÑÑÐ½Ð´Ð°Ð¼ÐµÐ½ÑÐ°Ð»ÑÐ½Ð¾Ð¹ ÑÑÐ¾Ð¸Ð¼Ð¾ÑÑÐ¸ Ñ ÑÑÐµÑÐ¾Ð¼ Ð´ÐµÐ¹ÑÑÐ²Ð¸Ñ Ð½ÐµÑÐ¸Ð½Ð°Ð½ÑÐ¾Ð²ÑÑ ÑÐ°ÐºÑÐ¾ÑÐ¾Ð², Ð¿Ð¾Ð·Ð²Ð¾Ð»ÑÑÑÐµÐ¹ Ð°ÐºÑÐ¸Ð¾Ð½ÐµÑÐ°Ð¼ Ð¸ Ð¼ÐµÐ½ÐµÐ´Ð¶Ð¼ÐµÐ½ÑÑ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¹ Ð¿ÑÐ¸Ð½Ð¸Ð¼Ð°ÑÑ Ð±Ð¾Ð»ÐµÐµ Ð²Ð·Ð²ÐµÑÐµÐ½Ð½ÑÐµ ÑÐµÑÐµÐ½Ð¸Ñ Ð´Ð»Ñ Ð´Ð¾ÑÑÐ¸Ð¶ÐµÐ½Ð¸Ñ Ð¿Ð¾ÑÑÐ°Ð²Ð»ÐµÐ½Ð½ÑÑ ÑÐµÐ»ÐµÐ¹. Ð¦ÐµÐ»Ñ Ð¸ÑÑÐ»ÐµÐ´Ð¾Ð²Ð°Ð½Ð¸Ñ ÑÐ¾ÑÑÐ¾Ð¸Ñ Ð² Ð¾ÑÐµÐ½ÐºÐµ ÑÐ²ÑÐ·Ð¸ ÑÑÐ½Ð¾ÑÐ½Ð¾Ð¹ Ð¸ ÑÑÐ½Ð´Ð°Ð¼ÐµÐ½ÑÐ°Ð»ÑÐ½Ð¾Ð¹ Ð¾ÑÐµÐ½ÐºÐ¸ ÑÐ¾Ð±ÑÑÐ²ÐµÐ½Ð½Ð¾Ð³Ð¾ ÐºÐ°Ð¿Ð¸ÑÐ°Ð»Ð° ÑÐ¾ÑÑÐ¸Ð¹ÑÐºÐ¸Ñ ÐÐÐ Ð½ÐµÑÑÐµÐ³Ð°Ð·Ð¾Ð²Ð¾Ð³Ð¾ ÑÐµÐºÑÐ¾ÑÐ° ÐÐ¾ÑÐºÐ¾Ð²ÑÐºÐ¾Ð¹ Ð±Ð¸ÑÐ¶Ð¸ Ð¸ Ð²ÑÑÐ²Ð»ÐµÐ½Ð¸Ðµ ÑÐ°ÐºÑÐ¾ÑÐ¾Ð², Ð¾ÐºÐ°Ð·ÑÐ²Ð°ÑÑÐ¸Ñ Ð²Ð»Ð¸ÑÐ½Ð¸Ðµ Ð½Ð° ÑÑÑ ÑÐ²ÑÐ·Ñ. ÐÑÐ»Ð¸ ÑÐµÑÐµÐ½Ñ ÑÐ»ÐµÐ´ÑÑÑÐ¸Ðµ Ð·Ð°Ð´Ð°ÑÐ¸: - Ð Ð°ÑÑÑÐ¸ÑÐ°Ð½Ñ ÑÐºÐ¾Ð½Ð¾Ð¼Ð¸ÑÐµÑÐºÐ¸ Ð¾Ð±Ð¾ÑÐ½Ð¾Ð²Ð°Ð½Ð½ÑÐµ ÑÐµÐ½Ñ Ð°ÐºÑÐ¸Ð¹ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¹ Ð½ÐµÑÑÐµÐ³Ð°Ð·Ð¾Ð²Ð¾Ð³Ð¾ ÑÐµÐºÑÐ¾ÑÐ° ÐÐ¾ÑÐºÐ¾Ð²ÑÐºÐ¾Ð¹ ÐÐ¸ÑÐ¶Ð¸ Ñ Ð¸ÑÐ¿Ð¾Ð»ÑÐ·Ð¾Ð²Ð°Ð½Ð¸ÐµÐ¼ Ð¼Ð¾Ð´ÐµÐ»Ð¸ Ð¾ÑÑÐ°ÑÐ¾ÑÐ½Ð¾Ð¹ ÑÐ¸ÑÑÐ¾Ð¹ Ð¿ÑÐ¸Ð±ÑÐ»Ð¸; - Ð£ÑÑÐ°Ð½Ð¾Ð²Ð»ÐµÐ½Ð¾ Ð½Ð°Ð»Ð¸ÑÐ¸Ðµ ÑÐ²ÑÐ·Ð¸ Ð¼ÐµÐ¶Ð´Ñ ÑÑÐ½Ð´Ð°Ð¼ÐµÐ½ÑÐ°Ð»ÑÐ½Ð¾Ð¹ Ð¸ ÑÑÐ½Ð¾ÑÐ½Ð¾Ð¹ ÑÑÐ¾Ð¸Ð¼Ð¾ÑÑÑÑ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¹ Ð½ÐµÑÑÐµÐ³Ð°Ð·Ð¾Ð²Ð¾Ð³Ð¾ ÑÐµÐºÑÐ¾ÑÐ° Ð Ð¤ Ð² Ð¾ÑÐ½Ð¾ÑÐ¸ÑÐµÐ»ÑÐ½Ð¾ ÑÑÐ°Ð±Ð¸Ð»ÑÐ½ÑÑ Ð²Ð½ÐµÑÐ½Ð¸Ñ ÑÑÐ»Ð¾Ð²Ð¸ÑÑ; - ÐÑÑÐ²Ð»ÐµÐ½Ð¾ Ð½Ð°Ð»Ð¸ÑÐ¸Ðµ Ð½ÐµÑÐ¸Ð½Ð°Ð½ÑÐ¾Ð²Ð¾Ð¹ ÐºÐ¾Ð¼Ð¿Ð¾Ð½ÐµÐ½ÑÑ, Ð¾ÐºÐ°Ð·ÑÐ²Ð°ÑÑÐµÐ¹ ÑÐ¸Ð»ÑÐ½Ð¾Ðµ Ð²Ð»Ð¸ÑÐ½Ð¸Ðµ Ð½Ð° ÐºÐ°Ð¿Ð¸ÑÐ°Ð»Ð¸Ð·Ð°ÑÐ¸Ñ Ð² ÑÑÐ»Ð¾Ð²Ð¸ÑÑ Ð¿Ð¾Ð»Ð¸ÑÐ¸ÑÐµÑÐºÐ¾Ð¹ Ð¸ ÑÐºÐ¾Ð½Ð¾Ð¼Ð¸ÑÐµÑÐºÐ¾Ð¹ Ð½ÐµÑÑÐ°Ð±Ð¸Ð»ÑÐ½Ð¾ÑÑÑ; - ÐÑÐµÐ´Ð»Ð¾Ð¶ÐµÐ½Ñ Ð¼ÐµÑÐ¾Ð´Ñ ÑÐ¿ÑÐ°Ð²Ð»ÐµÐ½Ð¸Ñ ÑÑÐ½Ð´Ð°Ð¼ÐµÐ½ÑÐ°Ð»ÑÐ½Ð¾Ð¹ Ð¸ Ð½ÐµÑÐ¸Ð½Ð°Ð½ÑÐ¾Ð²Ð¾Ð¹ ÐºÐ¾Ð¼Ð¿Ð¾Ð½ÐµÐ½ÑÐ°Ð¼Ð¸ ÐºÐ°Ð¿Ð¸ÑÐ°Ð»Ð¸Ð·Ð°ÑÐ¸Ð¸. Ð Ð¿ÑÐ¾ÑÐµÑÑÐµ Ð²ÑÐ¿Ð¾Ð»Ð½ÐµÐ½Ð¸Ñ ÑÐ°Ð±Ð¾ÑÑ Ð¸ÑÐ¿Ð¾Ð»ÑÐ·Ð¾Ð²Ð°Ð»Ð¸ÑÑ Ð¿ÑÐ¾Ð³ÑÐ°Ð¼Ð¼Ð½ÑÐµ Ð¿ÑÐ¾Ð´ÑÐºÑÑ Microsoft Word, Excel.
description: The relevance of the topic is due to the importance of a more adequate assessment of the relationship between market value and fundamental value, taking into account the effect of non-financial factors, allowing shareholders and company management to make more informed decisions to achieve their goals. The purpose of the study is to assess the relationship between the market and fundamental assessment of the equity capital of Russian PJSC oil and gas sector of the Moscow Exchange and to identify factors influencing this relationship. The following tasks were solved: - Calculated economically justified share prices for companies in the oil and gas sector of the Moscow Exchange using the residual net profit model; - It has been established that there is a connection between the fundamental and market value of companies in the oil and gas sector of the Russian Federation in relatively stable external conditions; - The presence of a non-financial component has been revealed, which has a strong impact on capitalization in conditions of political and economic instability; - Methods for managing the fundamental and non-financial components of capitalization are proposed. In the process of performing the work, Microsoft Word and Excel software were used.