Start-up, Crowdfunding, SMM, App, Apple, Jobs, Tesla, Loft, IPO and other words linked to the modern entrepreneurs. I dunno what's up in the West and also in the whole World but there is a start-upper hype in Russia, especially in hipster's field. After reading baloney (I'm so sorry It's lazy to translate it), I found that the author is right in many instances that's why it's impossible to live here, a coach, give me a coach but Russian 90s doesn't inspire new unordinary generation, therefore they want to be like Steve Jobs, not Vladimir Bogdanov. At the moment oil & gas industry is a frontman of the Russian economy and unfortunately we have to accept this fact and go away and try something to change. There are a lot of questions linked to the Russian companies. For instance, Surgutneftegas is the closest public companies in Russia and despite good financial performances, regular dividend payments many people aren't eager to invest because they don't believe in transparency of this company. As about us, DW doesn't care who is the main owner of Surgut we just need only profit growth and good stocktrend. So, let's move to the grey figure of the Russian oil & gas industry. Surgutneftegas is a Russian oil and gas company which headquarters in Surgut, Tyumen Oblast. The company is believed to have close ties to the Kremlin. Key lines of the company’s business are: - hydrocarbon exploration and production;- oil & gas processing and power generation;- output & marketing of oil products, and gas products;- petrochemical & gas products. For more information, you can visit corporate web-site and find nothing. Chart 1. Surgutneftegas Labor Efficiency As the result of the sales revenue growth for the last 9 month, the level of labor efficiency increased by 11.22% in comparison with 2014, which shows a good workforce management. Table 1. Surgutneftegas Management Efficiency Ratios Debt to Equity Ratio and Long-term Liabilities to Long-term Debt and Equity Ratio are declining for the last 3 years by 30% and 20% respectively. That's why the company has low dependency to borrowed capital. The Overdue Debt level estimates 0.001% which underlines financial stability of Surgutneftegas. Chart 2. Surgutneftegas Market Capitalization (thousand rubles) The chart shows that the market capitalization in 2015 was 1 498 903 863 thousand rubles which is 421 829 181 thousand rubles more, than in 2014. By the way this figure isn't so significant by it gives a reason to think that the company's shares are listed and they are quite liquid. Table 2. Surgutneftegas Profitability Ratios According to the table 2, Return on Assets and Return on Equity have increased near by 50% in comparison with 2013 despite Return on Sales minor changes. First of all, Surgut is an export-oriented company and ruble devaluation has significantly resulted and this fact saved the company from the low oil prices and chart below proves that one. Chart 3. Surgutneftegas Net Profit Margin, % For the last 3 years net profit margin shows a 2 times growth which emphasis sustainable growth and effective asset management of the company. Table 3. Surgutneftegas Type of Creditworthiness DW used a method of adequacy fund source for inventory and costs. As you can see, working capital covers inventory and costs and there is zero dependency on external funding that's why Surgutneftegas is an absolute creditworthy company. Table 4. Surgutneftegas Sales Profit Factor Analysis In 2015 sales profit increased by 30 763 101 thousand rubles and estimated 185 527 980 thousand rubles which was related to the current assets turnover growth which helped the company to cut total current assets. Also the ROS (24.6%) growth by 1.8% in comparison with 2014 has an impact too. Table 5. Surgutneftegas Balance Sheet Golden Rule Balance Sheet Golden Rule isn't accomplished. Despite Profit Rate of Change exceeds Revenue Rate of Change, Assets Rate of Change is 1.24% less than the revenue. As it was previously mentioned, this result is related to external facts which are not linked to the companies business directly. I mean world oil prices and Russian ruble. But the company shows a sustainable growth and healthy financial performances which several times more standard figures. These results are related to the high owners' share in its assets which estimates more than 90% of the total assets. On the one hand, Surgut doesn't use borrowed capital and reduces ROE and external potential profit. But on the other hand, according to the current situation in Russia, the conservative company's policy saved themselves. Therefore the company is effectively operates in internal and external markets both. $SNGS, Surgut / 1440 At the moment the share price of the company is 34.75 rubles. In 2015 the stocks shows a significant growth for the last years. After gaining 40 ruble level in April 17 the share has ranged between 30.00 and 37.00 levels for the last half-year. So there is market consolidation and fundamental facts forecast uptrend, whereas technical indicators don't give buy signals.