Financials LUKOIL

Equities

LKOH

RU0009024277

Integrated Oil & Gas

End-of-day quote Moscow Micex - RTS 03:30:00 08/07/2022 am IST 5-day change 1st Jan Change
3,911 RUB -1.14% Intraday chart for LUKOIL -.--% -.--%

Valuation

Fiscal Period: December 2016 2017 2018 2019 2020 2021
Capitalization 1 24,58,906 23,66,271 34,90,315 40,27,623 33,72,114 42,74,373
Enterprise Value (EV) 1 28,79,195 26,32,680 35,06,512 40,21,931 36,87,993 43,54,841
P/E ratio 11.9 x 5.66 x 5.78 x 6.6 x 230 x 5.82 x
Yield 5.65% 6.45% 5% 8.79% 5.01% -
Capitalization / Revenue 0.47 x 0.4 x 0.43 x 0.51 x 0.61 x 0.46 x
EV / Revenue 0.55 x 0.44 x 0.44 x 0.51 x 0.67 x 0.47 x
EV / EBITDA 3.96 x 3.18 x 3.12 x 3.39 x 5.99 x 3.22 x
EV / FCF 17.6 x 13.2 x 9.14 x 6.16 x -35.6 x 10.4 x
FCF Yield 5.67% 7.6% 10.9% 16.2% -2.81% 9.66%
Price to Book 0.76 x 0.68 x 0.86 x 1.02 x 0.82 x 0.95 x
Nbr of stocks (in thousands) 7,12,933 7,09,633 6,98,482 6,52,881 6,52,499 6,50,589
Reference price 2 3,449 3,334 4,997 6,169 5,168 6,570
Announcement Date 14/03/17 21/03/18 04/03/19 10/03/20 10/03/21 02/03/22
1RUB in Million2RUB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2016 2017 2018 2019 2020 2021
Net sales 1 52,27,045 59,36,705 80,35,889 78,41,246 55,07,098 92,68,485
EBITDA 1 7,26,730 8,27,361 11,24,541 11,86,311 6,15,800 13,51,237
EBIT 1 4,09,188 4,81,429 7,60,622 8,06,584 2,28,409 9,85,019
Operating Margin 7.83% 8.11% 9.47% 10.29% 4.15% 10.63%
Earnings before Tax (EBT) 1 2,72,515 5,24,184 7,73,019 7,93,354 98,787 9,66,964
Net income 1 2,06,794 4,18,805 6,19,174 6,40,178 15,175 7,73,442
Net margin 3.96% 7.05% 7.71% 8.16% 0.28% 8.34%
EPS 2 290.1 589.1 865.2 934.7 22.46 1,129
Free Cash Flow 1 1,63,348 1,99,963 3,83,555 6,53,094 -1,03,468 4,20,511
FCF margin 3.13% 3.37% 4.77% 8.33% -1.88% 4.54%
FCF Conversion (EBITDA) 22.48% 24.17% 34.11% 55.05% - 31.12%
FCF Conversion (Net income) 78.99% 47.75% 61.95% 102.02% - 54.37%
Dividend per Share 2 195.0 215.0 250.0 542.0 259.0 -
Announcement Date 14/03/17 21/03/18 04/03/19 10/03/20 10/03/21 02/03/22
1RUB in Million2RUB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2016 2017 2018 2019 2020 2021
Net Debt 1 4,20,289 2,66,409 16,197 - 3,15,879 80,468
Net Cash position 1 - - - 5,692 - -
Leverage (Debt/EBITDA) 0.5783 x 0.322 x 0.0144 x - 0.513 x 0.0596 x
Free Cash Flow 1 1,63,348 1,99,963 3,83,555 6,53,094 -1,03,469 4,20,511
ROE (net income / shareholders' equity) 6.43% 12.5% 16.4% 16% 0.41% 17.9%
ROA (Net income/ Total Assets) 5.1% 5.88% 8.68% 8.63% 2.39% 9.58%
Assets 1 40,57,330 71,27,019 71,36,630 74,15,905 6,34,566 80,75,952
Book Value Per Share 2 4,518 4,908 5,834 6,074 6,319 6,943
Cash Flow per Share 2 367.0 466.0 707.0 790.0 527.0 1,042
Capex 1 4,97,130 5,11,496 4,51,526 5,21,668 4,96,483 4,43,953
Capex / Sales 9.51% 8.62% 5.62% 6.65% 9.02% 4.79%
Announcement Date 14/03/17 21/03/18 04/03/19 10/03/20 10/03/21 02/03/22
1RUB in Million2RUB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise