Company Valuation: Rosneft Oil

Data adjusted to current consolidation scope
Fiscal Period: December 2019 2020 2021 2023 2024
Capitalization 1 47,66,002 41,34,299 56,98,903 33,36,314 33,36,314
Change - -13.25% 37.84% - 0%
Enterprise Value (EV) 1 77,80,002 70,48,299 86,82,903 33,36,314 33,36,314
Change - -9.4% 23.19% - 0%
P/E ratio 6.73x 29.2x 6.45x 2.18x -
PBR 1.06x 0.88x 1.03x 0.4x -
PEG - -0.4x 0x - -
Capitalization / Revenue 0.57x 0.81x 0.66x 0.36x 0.33x
EV / Revenue 0.94x 1.38x 1.01x 0.36x 0.33x
EV / EBITDA 4.14x 7.29x 4.2x 1.13x 1.12x
EV / EBIT 6.57x -2,349x 6.35x 1.53x 1.57x
EV / FCF 19.2x 8.88x 30.7x - 2.31x
FCF Yield 5.22% 11.3% 3.26% - 43.3%
Dividend per Share 2 33.41 6.94 41.66 59.78 51.15
Rate of return 7.43% 1.59% 6.94% 17% 14.6%
EPS 2 66.81 14.88 92.95 160.9 -
Distribution rate 50% 46.6% 44.8% 37.1% -
Net sales 1 83,16,000 51,22,000 86,34,000 91,63,000 1,01,39,000
EBITDA 1 18,79,000 9,67,000 20,66,000 29,51,000 29,77,000
EBIT 1 11,84,000 -3,000 13,67,000 21,82,000 21,29,000
Net income 1 7,08,000 1,47,000 8,83,000 15,29,000 13,41,000
Net Debt 1 30,14,000 29,14,000 29,84,000 - -
Reference price 2 449.70 435.20 599.90 351.20 351.20
Nbr of stocks (in thousands) 1,05,98,180 94,99,769 94,99,756 94,99,756 94,99,756
Announcement Date 19/02/20 13/02/21 11/02/22 19/02/24 20/03/25
1RUB in Million2RUB
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 4.04TCr
16.25x3.79x7.3x5.33% 1,59900Cr
24.68x1.99x9.05x4.12% 33TCr
8.62x0.63x3.82x6.17% 25TCr
12.27x0.95x4.56x3.91% 21TCr
10.18x0.94x4.44x5.75% 14TCr
3.69x1.56x3.16x10.36% 7.95TCr
11.33x0.71x1.94x5.91% 6.33TCr
14.88x1.82x5.78x3.35% 5.99TCr
12.44x0.81x3.98x6.32% 5.83TCr
Average 12.71x 1.47x 4.89x 5.69% 28.37TCr
Weighted average by Cap. 15.40x 2.70x 6.51x 5.31%
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Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA