LSE:LKOH

Stock Analysis Report

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Executive Summary

PJSC LUKOIL, together with its subsidiaries, engages in exploration, production, refining, marketing, and distribution of oil and gas. More Details


Snowflake Analysis

Flawless balance sheet with reasonable growth potential and pays a dividend.


Similar Companies

Share Price & News

How has PJSC LUKOIL's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: LKOH is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: LKOH's weekly volatility has decreased from 12% to 6% over the past year.


Market Performance


7 Day Return

-1.1%

LKOH

0.9%

GB Oil and Gas

-2.3%

GB Market


1 Year Return

-10.0%

LKOH

-6.0%

GB Oil and Gas

1.1%

GB Market

Return vs Industry: LKOH underperformed the UK Oil and Gas industry which returned -6% over the past year.

Return vs Market: LKOH underperformed the UK Market which returned 1.1% over the past year.


Shareholder returns

LKOHIndustryMarket
7 Day-1.1%0.9%-2.3%
30 Day3.5%3.5%-0.1%
90 Day9.4%10.7%4.2%
1 Year-3.0%-10.0%-0.9%-6.0%7.1%1.1%
3 Year40.0%16.6%-0.2%-13.9%9.7%-3.4%
5 Year178.0%103.0%41.0%10.9%36.9%10.5%

Long-Term Price Volatility Vs. Market

How volatile is PJSC LUKOIL's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is PJSC LUKOIL undervalued compared to its fair value and its price relative to the market?

22.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: LKOH ($75.98) is trading below our estimate of fair value ($97.72)

Significantly Below Fair Value: LKOH is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: LKOH is poor value based on its PE Ratio (34.6x) compared to the GB Oil and Gas industry average (19x).

PE vs Market: LKOH is poor value based on its PE Ratio (34.6x) compared to the UK market (23.6x).


Price to Earnings Growth Ratio

PEG Ratio: LKOH is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: LKOH is good value based on its PB Ratio (0.9x) compared to the GB Oil and Gas industry average (1x).


Next Steps

Future Growth

How is PJSC LUKOIL forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?

26.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LKOH's forecast earnings growth (26.3% per year) is above the savings rate (1%).

Earnings vs Market: LKOH's earnings (26.3% per year) are forecast to grow faster than the UK market (23.1% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: LKOH's revenue (7.4% per year) is forecast to grow faster than the UK market (7.3% per year).

High Growth Revenue: LKOH's revenue (7.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: LKOH's Return on Equity is forecast to be low in 3 years time (8.8%).


Next Steps

Past Performance

How has PJSC LUKOIL performed over the past 5 years?

13.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LKOH has high quality earnings.

Growing Profit Margin: LKOH's current net profit margins (1.7%) are lower than last year (8.5%).


Past Earnings Growth Analysis

Earnings Trend: LKOH's earnings have grown by 13.8% per year over the past 5 years.

Accelerating Growth: LKOH's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: LKOH had negative earnings growth (-84.5%) over the past year, making it difficult to compare to the Oil and Gas industry average (-55.7%).


Return on Equity

High ROE: LKOH's Return on Equity (2.5%) is considered low.


Next Steps

Financial Health

How is PJSC LUKOIL's financial position?


Financial Position Analysis

Short Term Liabilities: LKOH's short term assets (RUB1,442.9B) exceed its short term liabilities (RUB951.5B).

Long Term Liabilities: LKOH's short term assets (RUB1,442.9B) exceed its long term liabilities (RUB1,017.8B).


Debt to Equity History and Analysis

Debt Level: LKOH's debt to equity ratio (13.4%) is considered satisfactory.

Reducing Debt: LKOH's debt to equity ratio has reduced from 15.9% to 13.4% over the past 5 years.

Debt Coverage: LKOH's debt is well covered by operating cash flow (154.3%).

Interest Coverage: LKOH's interest payments on its debt are well covered by EBIT (10.4x coverage).


Balance Sheet


Next Steps

Dividend

What is PJSC LUKOIL current dividend yield, its reliability and sustainability?

7.07%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: LKOH's dividend (7.07%) is higher than the bottom 25% of dividend payers in the UK market (1.49%).

High Dividend: LKOH's dividend (7.07%) is in the top 25% of dividend payers in the UK market (4.57%)


Stability and Growth of Payments

Stable Dividend: LKOH's dividend payments have been volatile in the past 10 years.

Growing Dividend: LKOH's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (244.8%), LKOH's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: LKOH's dividends in 3 years are forecast to be covered by earnings (57.7% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

9.6yrs

Average management tenure


CEO

Vagit Alekperov (70 yo)

no data

Tenure

Mr. Vagit Usufovich Alekperov serves as the President and Director of PJSC LUKOIL (formerly, OAO LUKOIL) since 1993 and also serves as its Chief Executive Officer. Mr. Alekperov serves as Chairman of the M...


Leadership Team

NamePositionTenureCompensationOwnership
Ravil Maganov
Chairman of the Board0.67yrno data0.51%
RUB 248.6m
Vagit Alekperov
CEO, Presidentno datano data30.04%
RUB 14.7b
Pavel Zhdanov
VP of Finance & Member of Management Committee0.58yrno data0.036%
RUB 17.7m
Alexander Matytsyn
First VP & Member of Management Committee24.08yrsno data0.41%
RUB 201.2m
Anatoly Moskalenko
VP of Human Resources Management & Social Policy and Member of Management Committee18.08yrsno data0.027%
RUB 13.0m
Ilya Mandrik
VP of Exploration & Development and Member of Management Committee4.08yrsno data0.022%
RUB 10.9m
Gennady Fedotov
VP of Economics & Planning and Member of Management Committee11.08yrsno data0.021%
RUB 10.4m
Ivan Maslyaev
VP, General Counsel & Member of Management Committee28.08yrsno data0.047%
RUB 22.9m
Azat Shamsuarov
First VP & Member of Management Committee8.08yrsno data0.014%
RUB 6.8m
Vadim Vorobyev
First Exec. VP11.08yrsno data0.031%
RUB 15.1m
Denis Dolgov
VP of Power Generation & Member of Management Committee2.58yrsno data0.053%
RUB 26.0m
Denis Rogachev
Senior VP of Overseas Oil6.08yrsno data0.0096%
RUB 4.7m

9.6yrs

Average Tenure

59yo

Average Age

Experienced Management: LKOH's management team is seasoned and experienced (9.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Ravil Maganov
Chairman of the Board0.67yrno data0.51%
RUB 248.6m
Vagit Alekperov
CEO, Presidentno datano data30.04%
RUB 14.7b
Leonid Fedun
VP of Strategic Development & Executive Director7.67yrsno data9.96%
RUB 4.9b
Lyubov Khoba
Non-Executive Director3.67yrsno data0.47%
RUB 229.3m
Pavel Teplukhin
Independent Director1.67yrsno datano data
Victor Blazheev
Independent Deputy Chairman0.67yrno datano data
Roger Munnings
Independent Director5.67yrsno datano data
Nikolai Nikolaev
Independent Director0.67yrno data0.036%
RUB 17.7m
Toby Gati
Independent Director4.67yrsno datano data
Sergei Shatalov
Independent Director1.67yrsno datano data
Wolfgang Schüssel
Independent Director1.67yrsno datano data

1.7yrs

Average Tenure

68yo

Average Age

Experienced Board: LKOH's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.4%.


Top Shareholders

Company Information

PJSC LUKOIL's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: PJSC LUKOIL
  • Ticker: LKOH
  • Exchange: LSE
  • Founded: 1993
  • Industry: Integrated Oil and Gas
  • Sector: Energy
  • Market Cap: ₽3.656t
  • Listing Market Cap: ₽48.972b
  • Shares outstanding: 652.50m
  • Website: https://www.lukoil.com

Number of Employees


Location

  • PJSC LUKOIL
  • 11, Sretensky Boulevard
  • Moscow
  • 101000
  • Russia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LKOHLSE (London Stock Exchange)YesCommon StockGBUSDJun 1995
LKOHMISX (Micex - Rts)YesCommon StockRURUBJun 1995
RU_LKOHKAS (Kazakhstan Stock Exchange)YesCommon StockKZKZTJun 1995
LUKO.YOTCPK (Pink Sheets LLC)SPONSORED ADRUSUSDJan 1996
LKODLSE (London Stock Exchange)SPONSORED ADRGBUSDJan 1996
LUKDB (Deutsche Boerse AG)SPONSORED ADRDEEURJan 1996
LUKXTRA (XETRA Trading Platform)SPONSORED ADRDEEURJan 1996
LKODLBATS-CHIXE (BATS 'Chi-X Europe')SPONSORED ADRGBUSDJan 1996
LKOD NBMV (Bolsa Mexicana de Valores)SPONSORED ADRMXMXNJan 1996
LKODWBAG (Wiener Boerse AG)SPONSORED ADRATEURJan 1996

Biography

PJSC LUKOIL, together with its subsidiaries, engages in exploration, production, refining, marketing, and distribution of oil and gas. The company’s Exploration and Production segment explores, develops, a...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/02/27 19:16
End of Day Share Price2021/02/26 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.