MISX: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 more volatile than 75% of Russian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: LKOH's weekly volatility (5%) has been stable over the past year, but is still higher than 75% of Russian stocks.


Market Performance


7 Day Return

-3.7%

LKOH

-1.8%

RU Oil and Gas

0.8%

RU Market


1 Year Return

-14.7%

LKOH

-21.0%

RU Oil and Gas

-1.0%

RU Market

Return vs Industry: LKOH exceeded the Russian Oil and Gas industry which returned -21.8% over the past year.

Return vs Market: LKOH underperformed the Russian Market which returned -2.1% over the past year.


Shareholder returns

LKOHIndustryMarket
7 Day-3.7%-1.8%0.8%
30 Day25.9%17.7%14.9%
90 Day7.1%3.0%6.0%
1 Year-5.9%-14.7%-15.1%-21.0%5.8%-1.0%
3 Year86.2%52.2%52.3%24.5%51.7%25.7%
5 Year203.3%117.2%95.0%46.6%120.9%68.7%

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

Valuation

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

3.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: LKOH (RUB5181) is trading below our estimate of fair value (RUB5368.64)

Significantly Below Fair Value: LKOH is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: LKOH is poor value based on its PE Ratio (32x) compared to the RU Oil and Gas industry average (10.7x).

PE vs Market: LKOH is poor value based on its PE Ratio (32x) compared to the Russian market (11.3x).


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 overvalued based on its PB Ratio (0.8x) compared to the RU Oil and Gas industry average (0.6x).


Next Steps

Future Growth

How is PJSC LUKOIL forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?

24.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LKOH's forecast earnings growth (24.1% per year) is above the savings rate (8.3%).

Earnings vs Market: LKOH's earnings (24.1% per year) are forecast to grow faster than the Russian market (22.9% per year).

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

Revenue vs Market: LKOH's revenue (8.2% per year) is forecast to grow faster than the Russian market (7.4% per year).

High Growth Revenue: LKOH's revenue (8.2% 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 (8.6%).


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 (-45.3%).


Return on Equity

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


Next Steps

  • Explore strong past performing companies in the Energy industry.

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?

13.51%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: LKOH's dividend (13.51%) is higher than the bottom 25% of dividend payers in the Russian market (4%).

High Dividend: LKOH's dividend (13.51%) is in the top 25% of dividend payers in the Russian market (8.02%)


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 (216.3%), 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 (60.1% payout ratio).


Next Steps

Management

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

9.4yrs

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 Board0.50yrno data0.51%
RUB 16.7b
Vagit Alekperov
CEO, Presidentno datano data30.04%
RUB 989.8b
Pavel Zhdanov
VP of Finance & Member of Management Committee0.42yrno data0.036%
RUB 1.2b
Alexander Matytsyn
First VP & Member of Management Committee23.92yrsno data0.41%
RUB 13.5b
Anatoly Moskalenko
VP of Human Resources Management & Social Policy and Member of Management Committee17.92yrsno data0.027%
RUB 874.7m
Ilya Mandrik
VP of Exploration & Development and Member of Management Committee3.92yrsno data0.022%
RUB 734.7m
Gennady Fedotov
VP of Economics & Planning and Member of Management Committee10.92yrsno data0.021%
RUB 699.7m
Ivan Maslyaev
VP, General Counsel & Member of Management Committee27.92yrsno data0.047%
RUB 1.5b
Azat Shamsuarov
First VP & Member of Management Committee7.92yrsno data0.014%
RUB 454.6m
Vadim Vorobyev
First Exec. VP10.92yrsno data0.031%
RUB 1.0b
Denis Dolgov
VP of Power Generation & Member of Management Committee2.42yrsno data0.053%
RUB 1.7b
Denis Rogachev
Senior VP of Overseas Oil5.92yrsno data0.0096%
RUB 315.0m

9.4yrs

Average Tenure

59yo

Average Age

Experienced Management: LKOH's management team is seasoned and experienced (9.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Ravil Maganov
Chairman of the Board0.50yrno data0.51%
RUB 16.7b
Vagit Alekperov
CEO, Presidentno datano data30.04%
RUB 989.8b
Leonid Fedun
VP of Strategic Development & Executive Director7.5yrsno data9.96%
RUB 328.2b
Lyubov Khoba
Non-Executive Director3.5yrsno data0.47%
RUB 15.4b
Pavel Teplukhin
Independent Director1.5yrsno datano data
Victor Blazheev
Independent Deputy Chairman0.50yrno datano data
Roger Munnings
Independent Director5.5yrsno datano data
Nikolai Nikolaev
Independent Director0.50yrno data0.036%
RUB 1.2b
Toby Gati
Independent Director4.5yrsno datano data
Sergei Shatalov
Independent Director1.5yrsno datano data
Wolfgang Schüssel
Independent Director1.5yrsno datano data

1.5yrs

Average Tenure

68yo

Average Age

Experienced Board: LKOH's board of directors are not considered experienced ( 1.5 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: LKOH insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: PJSC LUKOIL
  • Ticker: LKOH
  • Exchange: MISX
  • Founded: 1993
  • Industry: Integrated Oil and Gas
  • Sector: Energy
  • Market Cap: ₽3.294t
  • 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)SPON ADR EACH REP 1 ORD SHSUSUSDJan 1996
LKODLSE (London Stock Exchange)SPON ADR EACH REP 1 ORD SHSGBUSDJan 1996
LUKDB (Deutsche Boerse AG)SPON ADR EACH REP 1 ORD SHSDEEURJan 1996
LUKXTRA (XETRA Trading Platform)SPON ADR EACH REP 1 ORD SHSDEEURJan 1996
LKODLBATS-CHIXE (BATS 'Chi-X Europe')SPON ADR EACH REP 1 ORD SHSGBUSDJan 1996
LKOD NBMV (Bolsa Mexicana de Valores)SPON ADR EACH REP 1 ORD SHSMXMXNJan 1996
LKODWBAG (Wiener Boerse AG)SPON ADR EACH REP 1 ORD SHSATEURJan 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 Analysis2020/12/02 18:02
End of Day Share Price2020/12/02 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.