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Rosneft Oil

LSE:ROSN
Snowflake Description

Established dividend payer and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ROSN
LSE
$68B
Market Cap
  1. Home
  2. GB
  3. Energy
Company description

Public Joint Stock Company Rosneft Oil Company, together with its subsidiaries, engages in the exploration, development, production, and sale of crude oil and gas. The last earnings update was 4 days ago. More info.


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ROSN Share Price and Events
7 Day Returns
0.7%
LSE:ROSN
3.5%
GB Oil and Gas
1.3%
GB Market
1 Year Returns
4.1%
LSE:ROSN
3.1%
GB Oil and Gas
-5%
GB Market
ROSN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Rosneft Oil (ROSN) 0.7% -6% 4.9% 4.1% 31.7% -5.1%
GB Oil and Gas 3.5% -2.2% 4.1% 3.1% 47% -10.6%
GB Market 1.3% -1.6% 1.9% -5% 15.8% 2.5%
1 Year Return vs Industry and Market
  • ROSN outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -5% over the past year.
Price Volatility
ROSN
Industry
5yr Volatility vs Market

Value

 Is Rosneft Oil undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Rosneft Oil to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Rosneft Oil.

LSE:ROSN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 15 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 14%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for LSE:ROSN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 9.4%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.92
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.917 (1 + (1- 20%) (84%))
1.357
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.36
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.357 * 9.43%)
14.02%

Discounted Cash Flow Calculation for LSE:ROSN using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Rosneft Oil is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

LSE:ROSN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (RUB, Millions) Source Present Value
Discounted (@ 14.02%)
2019 403,384.02 Analyst x1 353,768.67
2020 727,829.37 Analyst x6 559,797.47
2021 829,205.45 Analyst x6 559,324.94
2022 886,613.29 Analyst x3 524,489.69
2023 985,307.93 Analyst x2 511,181.79
2024 1,055,746.53 Est @ 7.15% 480,356.57
2025 1,112,464.66 Est @ 5.37% 443,905.96
2026 1,158,395.29 Est @ 4.13% 405,379.90
2027 1,196,138.23 Est @ 3.26% 367,102.62
2028 1,227,822.09 Est @ 2.65% 330,477.75
Present value of next 10 years cash flows RUB4,535,785.36
LSE:ROSN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= RUB1,227,822.09 × (1 + 1.23%) ÷ (14.02% – 1.23%)
RUB9,711,727.16
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= RUB9,711,727.16 ÷ (1 + 14.02%)10
RUB2,613,986.02
LSE:ROSN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= RUB4,535,785.36 + RUB2,613,986.02
RUB7,149,771.38
Equity Value per Share
(RUB)
= Total value / Shares Outstanding
= RUB7,149,771.38 / 10,598.18
RUB674.62
LSE:ROSN Discount to Share Price
Calculation Result
Exchange Rate RUB/USD
(Reporting currency to currency of LSE:ROSN)
0.015
Value per Share
(USD)
= Value per Share in RUB x Exchange Rate (RUB/USD)
= RUB674.62 x 0.015
$10.43
Value per share (USD) From above. $10.43
Current discount Discount to share price of $6.40
= -1 x ($6.40 - $10.43) / $10.43
38.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Rosneft Oil is available for.
Intrinsic value
39%
Share price is $6.4 vs Future cash flow value of $10.43
Current Discount Checks
For Rosneft Oil to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Rosneft Oil's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Rosneft Oil's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Rosneft Oil's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Rosneft Oil's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:ROSN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in RUB RUB56.52
LSE:ROSN Share Price ** LSE (2019-05-17) in USD $6.4
LSE:ROSN Share Price converted to RUB reporting currency Exchange rate (USD/ RUB) 64.712 RUB414.15
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry PE Ratio Median Figure of 32 Publicly-Listed Oil and Gas Companies 9.44x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 788 Publicly-Listed Companies 16.24x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Rosneft Oil.

LSE:ROSN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:ROSN Share Price ÷ EPS (both in RUB)

= 414.15 ÷ 56.52

7.33x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Rosneft Oil is good value based on earnings compared to the GB Oil and Gas industry average.
  • Rosneft Oil is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Rosneft Oil's expected growth come at a high price?
Raw Data
LSE:ROSN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.33x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts
17%per year
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry PEG Ratio Median Figure of 20 Publicly-Listed Oil and Gas Companies 0.7x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 574 Publicly-Listed Companies 1.5x

*Line of best fit is calculated by linear regression .

LSE:ROSN PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.33x ÷ 17%

0.43x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Rosneft Oil is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Rosneft Oil's assets?
Raw Data
LSE:ROSN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in RUB RUB393.38
LSE:ROSN Share Price * LSE (2019-05-17) in USD $6.4
LSE:ROSN Share Price converted to RUB reporting currency Exchange rate (USD/ RUB) 64.712 RUB414.15
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry PB Ratio Median Figure of 102 Publicly-Listed Oil and Gas Companies 0.85x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,368 Publicly-Listed Companies 1.51x
LSE:ROSN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:ROSN Share Price ÷ Book Value per Share (both in RUB)

= 414.15 ÷ 393.38

1.05x

* Primary Listing of Rosneft Oil.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Rosneft Oil is overvalued based on assets compared to the GB Oil and Gas industry average.
X
Value checks
We assess Rosneft Oil's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Rosneft Oil has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Rosneft Oil expected to perform in the next 1 to 3 years based on estimates from 15 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
17%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Rosneft Oil expected to grow at an attractive rate?
  • Rosneft Oil's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Rosneft Oil's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Rosneft Oil's revenue growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:ROSN Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:ROSN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts 17%
LSE:ROSN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 15 Analysts 3.2%
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 11.9%
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 3.3%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 10.8%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
LSE:ROSN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
All numbers in RUB Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:ROSN Future Estimates Data
Date (Data in RUB Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 9,532,804 1
2022-12-31 9,165,384 2,231,964 1,317,189 2
2021-12-31 8,744,712 1,764,956 978,665 12
2020-12-31 8,571,411 1,674,412 907,585 15
2019-12-31 8,216,776 1,588,581 707,094 10
LSE:ROSN Past Financials Data
Date (Data in RUB Millions) Revenue Cash Flow Net Income *
2019-03-31 8,182,000 1,479,000 599,000
2018-12-31 7,829,000 1,502,000 549,000
2018-09-30 7,373,000 1,251,000 542,000
2018-06-30 6,581,000 743,000 456,000
2018-03-31 5,930,000 454,000 292,000
2017-12-31 5,628,000 337,000 222,000
2017-09-30 5,439,000 361,000 178,000
2017-06-30 5,216,000 534,000 148,000
2017-03-31 5,081,000 623,000 173,000
2016-12-31 4,765,000 679,000 174,000
2016-09-30 4,521,000 833,000 180,000
2016-06-30 4,619,000 1,984,000 266,000

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Rosneft Oil's earnings are expected to grow by 17% yearly, however this is not considered high growth (20% yearly).
  • Rosneft Oil's revenue is expected to grow by 3.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
LSE:ROSN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below

All data from Rosneft Oil Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:ROSN Future Estimates Data
Date (Data in RUB Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 124.32 124.32 124.32 1.00
2021-12-31 96.01 114.72 86.27 5.00
2020-12-31 83.57 102.25 65.16 7.00
2019-12-31 63.06 74.26 38.37 8.00
LSE:ROSN Past Financials Data
Date (Data in RUB Millions) EPS *
2019-03-31 56.52
2018-12-31 51.80
2018-09-30 51.14
2018-06-30 43.03
2018-03-31 27.55
2017-12-31 20.95
2017-09-30 16.80
2017-06-30 13.96
2017-03-31 16.32
2016-12-31 16.42
2016-09-30 16.98
2016-06-30 25.10

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Rosneft Oil is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Rosneft Oil's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Rosneft Oil has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Rosneft Oil performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Rosneft Oil's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Rosneft Oil's year on year earnings growth rate has been positive over the past 5 years.
  • Rosneft Oil's 1-year earnings growth exceeds its 5-year average (105.1% vs 2.8%)
  • Rosneft Oil's earnings growth has not exceeded the GB Oil and Gas industry average in the past year (105.1% vs 244.1%).
Earnings and Revenue History
Rosneft Oil's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Rosneft Oil Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:ROSN Past Revenue, Cash Flow and Net Income Data
Date (Data in RUB Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 8,182,000.00 599,000.00 206,000.00
2018-12-31 7,829,000.00 549,000.00 177,000.00
2018-09-30 7,373,000.00 542,000.00 183,000.00
2018-06-30 6,581,000.00 456,000.00 191,000.00
2018-03-31 5,930,000.00 292,000.00 184,000.00
2017-12-31 5,628,000.00 222,000.00 185,000.00
2017-09-30 5,439,000.00 178,000.00 166,000.00
2017-06-30 5,216,000.00 148,000.00 155,000.00
2017-03-31 5,081,000.00 173,000.00 148,000.00
2016-12-31 4,765,000.00 174,000.00 143,000.00
2016-09-30 4,521,000.00 180,000.00 149,000.00
2016-06-30 4,619,000.00 266,000.00 144,000.00
2016-03-31 4,754,000.00 311,000.00 147,000.00
2015-12-31 5,038,000.00 355,000.00 143,000.00
2015-09-30 5,158,000.00 393,000.00 132,000.00
2015-06-30 5,239,000.00 281,000.00 137,000.00
2015-03-31 5,326,000.00 318,000.00 132,000.00
2014-12-31 5,376,000.00 348,000.00 134,000.00
2014-09-30 5,398,000.00 397,000.00 128,000.00
2014-06-30 5,361,000.00 538,000.00 132,000.00
2014-03-31 5,106,000.00 389,000.00 132,000.00
2013-12-31 4,546,000.00 549,000.00 121,000.00
2013-09-30 3,998,000.00 469,000.00 118,000.00
2013-06-30 3,471,000.00 515,000.00 101,000.00
2013-03-31 3,035,000.00 492,000.00 91,000.00
2012-12-31 2,987,000.00 363,000.00 91,000.00
2012-09-30 2,957,000.00 375,000.00 85,000.00
2012-06-30 2,872,000.00 244,000.00 80,000.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Rosneft Oil has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Rosneft Oil used its assets less efficiently than the GB Oil and Gas industry average last year based on Return on Assets.
  • Rosneft Oil has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Rosneft Oil's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Rosneft Oil has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Rosneft Oil's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Rosneft Oil's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Rosneft Oil's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Rosneft Oil's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Rosneft Oil's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Rosneft Oil Company Filings, last reported 1 month ago.

LSE:ROSN Past Debt and Equity Data
Date (Data in RUB Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 4,820,000.00 3,687,000.00 929,000.00
2018-12-31 4,677,000.00 4,229,000.00 1,463,000.00
2018-09-30 4,489,000.00 3,893,000.00 833,000.00
2018-06-30 4,468,000.00 3,914,000.00 683,000.00
2018-03-31 4,286,000.00 3,903,000.00 578,000.00
2017-12-31 4,183,000.00 3,919,000.00 613,000.00
2017-09-30 4,009,000.00 3,770,000.00 470,000.00
2017-06-30 3,917,000.00 3,336,000.00 659,000.00
2017-03-31 3,831,000.00 3,325,000.00 876,000.00
2016-12-31 3,782,000.00 3,488,000.00 1,153,000.00
2016-09-30 3,237,000.00 2,913,000.00 1,137,000.00
2016-06-30 3,153,000.00 2,921,000.00 1,290,000.00
2016-03-31 3,052,000.00 3,183,000.00 1,451,000.00
2015-12-31 2,929,000.00 3,323,000.00 1,457,000.00
2015-09-30 2,908,000.00 3,148,000.00 1,464,000.00
2015-06-30 3,041,000.00 3,013,000.00 730,000.00
2015-03-31 2,898,000.00 3,272,000.00 680,000.00
2014-12-31 2,881,000.00 3,381,000.00 874,000.00
2014-09-30 3,252,000.00 2,582,000.00 760,000.00
2014-06-30 3,287,000.00 2,209,000.00 648,000.00
2014-03-31 3,241,000.00 2,340,000.00 689,000.00
2013-12-31 3,169,000.00 2,378,000.00 464,000.00
2013-09-30 3,185,000.00 2,386,000.00 414,000.00
2013-06-30 2,775,000.00 2,384,000.00 466,000.00
2013-03-31 2,838,000.00 2,192,000.00 362,000.00
2012-12-31 2,322,000.00 991,000.00 340,000.00
2012-09-30 2,256,000.00 896,000.00 286,000.00
2012-06-30 2,066,000.00 833,000.00 194,000.00
  • Rosneft Oil's level of debt (76.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (72.1% vs 76.5% today).
  • Debt is well covered by operating cash flow (40.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 11.2x coverage).
X
Financial health checks
We assess Rosneft Oil's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Rosneft Oil has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Rosneft Oil's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.26%
Current annual income from Rosneft Oil dividends. Estimated to be 9.37% next year.
If you bought $2,000 of Rosneft Oil shares you are expected to receive $125 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Rosneft Oil's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (1.99%).
  • Rosneft Oil's dividend is above the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.21%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
LSE:ROSN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 5.1%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.3%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

LSE:ROSN Future Dividends Estimate Data
Date (Data in RUB) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 62.19 1.00
2021-12-31 44.84 8.00
2020-12-31 38.83 11.00
2019-12-31 28.60 7.00
LSE:ROSN Past Annualized Dividends Data
Date (Data in RUB) Dividend per share (annual) Avg. Yield (%)
2019-05-15 25.910 6.261
2019-02-05 25.910 6.293
2018-10-02 21.230 4.895
2018-05-14 13.300 3.254
2018-03-19 13.300 3.932
2017-11-14 7.660 2.445
2017-10-02 7.660 2.381
2017-05-05 5.980 1.931
2016-06-16 11.750 3.408
2015-06-26 8.210 3.096
2015-06-17 8.210 3.365
2014-10-29 12.850 5.348
2014-07-25 12.850 5.652
2014-07-11 12.850 5.549
2013-10-29 8.050 3.375
2013-07-29 8.050 3.232
2013-06-20 8.050 3.436
2012-08-02 3.450 1.510
2012-08-01 3.450 1.771
2012-05-02 3.450 1.722
2011-10-28 2.895 1.402
2011-07-29 2.762 1.472
2011-04-28 2.727 1.184
2011-02-04 2.752 1.101
2010-11-01 2.058 0.953
2010-08-02 2.081 1.042
2010-05-17 2.398 1.220
2010-01-15 2.314 1.010
2009-10-30 1.719 0.711
2009-07-30 1.738 0.852

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Rosneft Oil's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.8x coverage).
X
Income/ dividend checks
We assess Rosneft Oil's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Rosneft Oil afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Rosneft Oil has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Rosneft Oil's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Igor Sechin
AGE 58
TENURE AS CEO 7.3 years
CEO Bio

Mr. Igor Ivanovich Sechin has been the Chairman of Management Board of ROSNEFT Oil Company, PJSC since 2016 and Chief Executive Officer since May 22, 2012. Mr. Sechin served as the President of Rosneft until June 30, 2016. He was Deputy Prime Minister of the Russian Federation from 2008 to 2012. Mr. Sechin served as Deputy Head of the Executive Office of the President of the Russian Federation from 2000 to 2004. Mr. Sechin served as Deputy Head of the Executive Office of the President of the Russian Federation, Aide to the President of the Russian Federation from 2004 to 2008. He served as Chief Executive Officer of OJSC United Shipbuilding Corporation. He has been Chairman of OOO National Oil Consortium since January 2013. He serves as Chairman of Public Joint Stock Company Inter RAO UES (alternate name, Open Joint-Stock Company INTER RAO UES) and has been its Director since June 25, 2013. Mr. Sechin serves as the Chairman of United R&D Center (RN-CIR) and Far Eastern Shipbuilding and Ship Repair Center. He serves as Chairman of Supervisory Board of LLC CSKA Professional Hockey Club. He serves as Chairman of National Petroleum Consortium, LLC and JSC FESRC and CJSC SPIMEX. He served as Chairman of Public Joint Stock Company Inter RAO UES from August 23, 2010 to August 2011 and served as its Director. He is Chairman of OJSC Rosneftegaz. Mr. Sechin served as Chairman of Rosneft from July 2004 to April 11, 2011 and Director since 2004 until April 11, 2011. He has been Vice Chairman/Deputy Chairman of Open Joint Stock Company Rosneft Oil Company since June 2013 and has been its Director since November 2012. He served as a Director of Pirelli & C. S.p.A. He served as a Director of PIRELLI & C. Società per Azioni since July 10, 2014. He served as a Non Executive Director of Saras S.p.A. until February 25, 2016. Mr. Sechin holds a PhD in Economics from Leningrad State University in 1984.

CEO Compensation
  • Insufficient data for Igor to compare compensation growth.
  • Insufficient data for Igor to establish whether their remuneration is reasonable compared to companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Rosneft Oil management team in years:

5.1
Average Tenure
61.5
Average Age
  • The average tenure for the Rosneft Oil management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Igor Sechin

TITLE
Chairman of Management Board
AGE
58
TENURE
7.3 yrs

Yuri Kalinin

TITLE
Deputy Chairman of Management Board and VP of Human Resource & Social Affairs
AGE
72
TENURE
4.6 yrs

Peter Lazarev

TITLE
Financial Director & Member of Management Board
AGE
51
TENURE
7.3 yrs

Didier Casimiro

TITLE
VP of Refining
AGE
52
TENURE
6.9 yrs

Andrei Shishkin

TITLE
VP for Energy
AGE
59
TENURE
4.1 yrs

Zeljko Runje

TITLE
VP of Offshore Projects & Member of Management Board
AGE
64
TENURE
6.5 yrs

Eric Liron

TITLE
First VP of Production & Member of Management Board
AGE
64
TENURE
5.7 yrs

Vlada Rusakova

TITLE
Member of Management Board
AGE
65
TENURE
1.8 yrs

Gennady Bukaev

TITLE
Head of Internal Audit
AGE
71
TENURE
2.9 yrs

Yuri Kurilin

TITLE
VP, Chief of Staff & Member of Management Board
AGE
46
TENURE
2.1 yrs
Board of Directors Tenure

Average tenure and age of the Rosneft Oil board of directors in years:

3.9
Average Tenure
62
Average Age
  • The tenure for the Rosneft Oil board of directors is about average.
Board of Directors

Gerhard Schroeder

TITLE
Chairman
AGE
74

Igor Sechin

TITLE
Chairman of Management Board
AGE
58
TENURE
5.9 yrs

Arthur Warnig

TITLE
Deputy Chairman of the Board
COMPENSATION
RUB580K
AGE
63
TENURE
4.8 yrs

Hans-Georg Rudloff

TITLE
Independent Director
COMPENSATION
RUB200K
AGE
78
TENURE
0.9 yrs

Bob Dudley

TITLE
Director
AGE
63
TENURE
5.9 yrs

Zakhar Sabantsev

TITLE
Chairman of the Audit Commission
AGE
44

Andrey Belousov

TITLE
Director
AGE
59
TENURE
3.9 yrs

Oleg Viyugin

TITLE
Independent Director
COMPENSATION
RUB580K
AGE
66
TENURE
3.9 yrs

Guillermo Quintero

TITLE
Director
AGE
61
TENURE
3.9 yrs

Alexander Novak

TITLE
Director
AGE
47
TENURE
1.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Rosneft Oil's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Rosneft Oil has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

With An ROE Of 12.4%, Has Public Joint Stock Company Rosneft Oil Company's (LON:ROSN) Management Done Well?

The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … and want to begin learning the link between company’s fundamentals and stock market performance. … Public Joint Stock Company Rosneft Oil Company (LON:ROSN) delivered an ROE of 12.4% over the past 12 months, which is an impressive feat relative to its industry average of 9.0% during the same period.

Simply Wall St -

Company Info

Description

Public Joint Stock Company Rosneft Oil Company, together with its subsidiaries, engages in the exploration, development, production, and sale of crude oil and gas. It operates through Exploration and Production, and Refining and Distribution segments. The company produces oil in Western and Eastern Siberia, Volga-and Ural Regions, Far East, Timan-Pechora, Krasnodar Region, and the shelf of Russian seas, including Arctic shelf, as well as in Latin America and South-Eastern Asia; and has assets located in Russia and internationally comprising Venezuela, Cuba, Canada, the United States, Brazil, Norway, Germany, Italy, Mongolia, Kyrgyzstan, China, Vietnam, Myanmar, Turkmenistan, Georgia, Armenia, Belarus, Ukraine, Egypt, Mozambique, Iraq, and Indonesia. It is also involved in producing petrochemicals, including ethylene, propylene, and polyethylene; base and industrial oils; motor and transmission oils for cars and trucks, buses, agricultural and special equipment, and railway and marine transport; special oils for the aviation industry; hydraulic, gearbox, turbine, compressor, transformer oils, etc.; cooling fluids, softening oils, paraffins, and others; and additives to fuels and oils. In addition, the company transports and exports crude oil through pipelines, and railway and mixed transportation; engages in the wholesale, retail, storage, and transportation and transshipment of petroleum products; and provides bunkering and aircraft refueling services, as well as bitumen products. Further, it operates a retail network of company-owned and leased filling stations; and provides survey and drilling services. The company was founded in 1993 and is based in Moscow, Russia. Public Joint Stock Company Rosneft Oil Company is a subsidiary of OJSC Rosneftegaz.

Details
Name: Public Joint Stock Company Rosneft Oil Company
ROSN
Exchange: LSE
Founded: 1993
$67,828,352,000
10,598,180,000
Website: http://www.rosneft.com
Address: Public Joint Stock Company Rosneft Oil Company
26/1, Sofiyskaya Embankment,
Moscow,
117997,
Russia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE ROSN GDR EACH REPR 1 ORD 'REGS' London Stock Exchange GB USD 14. Jul 2006
OTCPK OJSC.Y GDR EACH REPR 1 ORD 'REGS' Pink Sheets LLC US USD 14. Jul 2006
DB OJS1 GDR EACH REPR 1 ORD 'REGS' Deutsche Boerse AG DE EUR 14. Jul 2006
WBAG ROSN GDR EACH REPR 1 ORD 'REGS' Wiener Boerse AG AT EUR 14. Jul 2006
BATS-CHIXE ROSNL GDR EACH REPR 1 ORD 'REGS' BATS 'Chi-X Europe' GB USD 14. Jul 2006
MISX ROSN Common Stock Micex - Rts RU RUB 17. Jul 2006
OTCPK RNFT.F Common Stock Pink Sheets LLC US USD 17. Jul 2006
Number of employees
Current staff
Staff numbers
0
Rosneft Oil employees.
Industry
Integrated Oil and Gas
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/19 21:14
End of day share price update: 2019/05/17 00:00
Last estimates confirmation: 2019/05/15
Last earnings filing: 2019/05/15
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.