Company Valuation: RussNeft

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 68,530 45,118 26,118 26,118 24,028 21,678
Change - -34.16% -42.11% 0% -8% -9.78%
Enterprise Value (EV) 1 158,924 125,172 102,373 99,153 110,087 111,704
Change - -21.24% -18.21% -3.15% 11.03% 1.47%
P/E -3.18x 1.61x 1.65x 2.66x 0.54x 1.24x
PBR 1.19x 0.53x 0.25x 0.23x 0.15x 0.12x
PEG - -0x -0x -0.1x 0x -0x
Capitalization / Revenue 0.51x 0.17x 0.09x 0.11x 0.08x 0.1x
EV / Revenue 1.19x 0.46x 0.35x 0.42x 0.37x 0.51x
EV / EBITDA 5.64x 1.78x 1.85x 1.51x 1.47x 2.23x
EV / EBIT 14.7x 2.22x 2.74x 2.25x 1.61x 2.55x
EV / FCF 7.11x 4.32x 255x 3.55x 48.5x 9.24x
FCF Yield 14.1% 23.2% 0.39% 28.1% 2.06% 10.8%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -73.25 95.39 53.92 33.38 163.5 71.86
Distribution rate - - - - - -
Net sales 1 133,196 269,371 290,862 238,725 300,108 218,242
EBITDA 1 28,185 70,177 55,243 65,861 74,698 50,087
EBIT 1 10,837 56,403 37,382 44,113 68,203 43,722
Net income 1 -16,955 32,375 20,446 20,441 54,345 23,918
Net Debt 1 90,394 80,054 76,255 73,035 86,059 90,026
Reference price 2 233.00 153.40 88.80 88.80 88.80 88.80
Nbr of stocks (in thousands) 294,120 294,120 294,120 294,120 270,590 244,120
Announcement Date 3/27/21 3/28/22 3/26/24 3/26/24 3/26/25 3/27/26
1RUB in Million2RUB
Estimates


P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 266M
11.75x2.41x5.18x2.5% 163B
11.35x3.14x5.95x3.64% 101B
8.03x2.56x4.31x2.84% 76B
16.94x3.93x10.44x5.52% 67.67B
6.16x2.25x3.48x1.86% 56.34B
13.51x1.87x9.71x4.99% 54.38B
6.7x1.17x3.66x2.25% 50.07B
8.82x3.14x4.29x2.45% 50.13B
7.89x2.22x4.31x2.59% 49.31B
Average 10.13x 2.52x 5.70x 3.18% 66.78B
Weighted average by Cap. 10.58x 2.58x 5.71x 3.15%

Y-o-Y evolution of P/E

Valuation ratios - P/E - RussNeft

Historical PBR trend

Valuation ratios - PBR - RussNeft

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - RussNeft

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - RussNeft