Rosneft Oil
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
1 Year Returns
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.
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Rosneft Oil.
| 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.
| 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.
| 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 | ||
| 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 |
| 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 |
| 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
Current Discount Checks
- 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?
| 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.
| 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?
| 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 .
| 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?
| 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 |
| 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.
Value checks
We assess Rosneft Oil's value by looking at:- 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. )
- 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)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check) 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!
Earnings growth vs Low Risk Savings
- 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
| 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
| 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 |
| 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 |
| 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.
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.
| 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 |
| 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.
Future performance checks
We assess Rosneft Oil's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- 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)
- 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)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
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
Past Earnings growth analysis
- 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
All data from Rosneft Oil Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| 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).
Past performance checks
We assess Rosneft Oil's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
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.
- 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
Assets
Liabilities and shares
- 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.
All data from Rosneft Oil Company Filings, last reported 1 month ago.
| 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).
Financial health checks
We assess Rosneft Oil's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Rosneft Oil has a total score of 2/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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
If you bought
$2,000 of
Rosneft Oil
shares you are expected to receive
$125
in your first year as a dividend.
Dividend Amount
- 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.
| 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.
| 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 |
| 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).
- Dividends after 3 years are expected to be covered by earnings (1.8x coverage).
Income/ dividend checks
We assess Rosneft Oil's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- 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) 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
CEO
| 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:
- 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
Chairman of Management Board
58
7.3 yrs
Yuri Kalinin
Deputy Chairman of Management Board and VP of Human Resource & Social Affairs
72
4.6 yrs
Peter Lazarev
Financial Director & Member of Management Board
51
7.3 yrs
Didier Casimiro
VP of Refining
52
6.9 yrs
Andrei Shishkin
VP for Energy
59
4.1 yrs
Zeljko Runje
VP of Offshore Projects & Member of Management Board
64
6.5 yrs
Eric Liron
First VP of Production & Member of Management Board
64
5.7 yrs
Vlada Rusakova
Member of Management Board
65
1.8 yrs
Gennady Bukaev
Head of Internal Audit
71
2.9 yrs
Yuri Kurilin
VP, Chief of Staff & Member of Management Board
46
2.1 yrs
Board of Directors Tenure
Average tenure and age of the Rosneft Oil board of directors in years:
- The tenure for the Rosneft Oil board of directors is about average.
Board of Directors
Gerhard Schroeder
Chairman
74
Igor Sechin
Chairman of Management Board
58
5.9 yrs
Arthur Warnig
Deputy Chairman of the Board
RUB580K
63
4.8 yrs
Hans-Georg Rudloff
Independent Director
RUB200K
78
0.9 yrs
Bob Dudley
Director
63
5.9 yrs
Zakhar Sabantsev
Chairman of the Audit Commission
44
Andrey Belousov
Director
59
3.9 yrs
Oleg Viyugin
Independent Director
RUB580K
66
3.9 yrs
Guillermo Quintero
Director
61
3.9 yrs
Alexander Novak
Director
47
1.7 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Rosneft Oil's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) 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 - – Full articleCompany 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
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.
