Company Valuation: Rosneft Oil

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2023 2024 2025
Market Cap 1 4,134,299 5,698,903 3,336,314 3,336,314 3,336,314
Change - 37.84% - 0% 0%
Enterprise Value (EV) 1 7,048,299 8,682,903 3,336,314 3,336,314 3,336,314
Change - 23.19% - 0% 0%
P/E 29.2x 6.45x 2.18x - -
PBR 0.88x 1.03x 0.4x - -
PEG - 0x - - -
Capitalization / Revenue 0.81x 0.66x 0.36x 0.33x 0.41x
EV / Revenue 1.38x 1.01x 0.36x 0.33x 0.41x
EV / EBITDA 7.29x 4.2x 1.13x 1.12x 1.72x
EV / EBIT -2,349x 6.35x 1.53x 1.57x 3.07x
EV / FCF 8.88x 30.7x - 2.31x -
FCF Yield 11.3% 3.26% - 43.3% -
Dividend per Share 2 6.94 41.66 59.78 51.15 -
Rate of return 1.59% 6.94% 17% 14.6% -
EPS 2 14.88 92.95 160.9 - -
Distribution rate 46.6% 44.8% 37.1% - -
Net sales 1 5,122,000 8,634,000 9,163,000 10,139,000 8,236,000
EBITDA 1 967,000 2,066,000 2,951,000 2,977,000 1,935,000
EBIT 1 -3,000 1,367,000 2,182,000 2,129,000 1,087,000
Net income 1 147,000 883,000 1,529,000 1,341,000 544,000
Net Debt 1 2,914,000 2,984,000 - - -
Reference price 2 435.20 599.90 351.20 351.20 351.20
Nbr of stocks (in thousands) 9,499,769 9,499,756 9,499,756 9,499,756 9,499,756
Announcement Date 2/13/21 2/11/22 2/19/24 3/20/25 5/19/26
1RUB in Million2RUB
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 40.38B
13.66x3.36x6.47x5.22% 1,719B
12.33x1.73x5.73x3.81% 371B
7.91x0.6x3.75x6.61% 272B
8.35x0.91x4.11x3.59% 242B
7.56x1.02x4.03x5.1% 179B
5.52x1.64x2.63x8.22% 142B
3.39x1.51x2.89x12.58% 110B
8.02x0.85x2x4.25% 92.51B
8.96x0.77x3.83x5.06% 72.72B
Average 8.41x 1.38x 3.94x 6.05% 324B
Weighted average by Cap. 11.29x 2.35x 5.36x 5.4%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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