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LKOH

PJSC LUKOILMISX:LKOH Stock Report

Market Cap

₽4.5t

7D

6.0%

1Y

51.0%

Updated

27 Sep, 2021

Data

Company Financials +
LKOH fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends4/6

LKOH Overview

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

PJSC LUKOIL Competitors

Price History & Performance

Summary of all time highs, changes and price drops for PJSC LUKOIL
Historical stock prices
Current Share Price₽6,954.00
52 Week High₽3,961.00
52 Week Low₽7,005.00
Beta0.46
1 Month Change8.12%
3 Month Change4.12%
1 Year Change51.01%
3 Year Change38.64%
5 Year Change126.15%
Change since IPO317.14%

Recent News & Updates

Sep 16
PJSC LUKOIL's (MCX:LKOH) Returns On Capital Are Heading Higher

PJSC LUKOIL's (MCX:LKOH) Returns On Capital Are Heading Higher

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'll...

Aug 11
We Think PJSC LUKOIL (MCX:LKOH) Can Stay On Top Of Its Debt

We Think PJSC LUKOIL (MCX:LKOH) Can Stay On Top Of Its Debt

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Jul 11
Estimating The Fair Value Of PJSC LUKOIL (MCX:LKOH)

Estimating The Fair Value Of PJSC LUKOIL (MCX:LKOH)

In this article we are going to estimate the intrinsic value of PJSC LUKOIL ( MCX:LKOH ) by taking the expected future...

Shareholder Returns

LKOHRU Oil and GasRU Market
7D6.0%1.9%0.07%
1Y51.0%54.0%40.8%

Return vs Industry: LKOH underperformed the Russian Oil and Gas industry which returned 54% over the past year.

Return vs Market: LKOH exceeded the Russian Market which returned 40.8% over the past year.

Price Volatility

Is LKOH's price volatile compared to industry and market?
LKOH volatility
LKOH Beta0.46
Industry Beta0.42
Market Beta1

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

Volatility Over Time: LKOH's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1993101,374Vagit Alekperovhttps://www.lukoil.com

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, and produces crude oil and gas. Its Refining, Marketing and Distribution segment engages in refining; petrochemical and transport operations; marketing and trading of crude oil, natural gas, and refined products; and generation, transportation, and sale of electricity and heat, as well as provides related services.

PJSC LUKOIL Fundamentals Summary

How do PJSC LUKOIL's earnings and revenue compare to its market cap?
LKOH fundamental statistics
Market Cap₽4.45t
Earnings (TTM)₽427.03b
Revenue (TTM)₽6.93t

10.6x

P/E Ratio

0.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
LKOH income statement (TTM)
Revenue₽6.93t
Cost of Revenue₽4.83t
Gross Profit₽2.10t
Expenses₽1.67t
Earnings₽427.03b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)654.46
Gross Margin30.29%
Net Profit Margin6.16%
Debt/Equity Ratio10.3%

How did LKOH perform over the long term?

See historical performance and comparison

Dividends

3.7%

Current Dividend Yield

40%

Payout Ratio

Valuation

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

6.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: LKOH (RUB6825.5) is trading below our estimate of fair value (RUB7428.74)

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 (10.4x) compared to the Russian Oil and Gas industry average (7.8x).

PE vs Market: LKOH is poor value based on its PE Ratio (10.4x) compared to the Russian market (9.8x).


Price to Earnings Growth Ratio

PEG Ratio: LKOH's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: LKOH is overvalued based on its PB Ratio (1x) compared to the RU Oil and Gas industry average (0.5x).


Future Growth

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

-6.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LKOH's earnings are forecast to decline over the next 3 years (-6.6% per year).

Earnings vs Market: LKOH's earnings are forecast to decline over the next 3 years (-6.6% per year).

High Growth Earnings: LKOH's earnings are forecast to decline over the next 3 years.

Revenue vs Market: LKOH's revenue is expected to decline over the next 3 years (-0.7% per year).

High Growth Revenue: LKOH's revenue is forecast to decline over the next 3 years (-0.7% 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 (9.6%).


Past Performance

How has PJSC LUKOIL performed over the past 5 years?

3.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LKOH has high quality earnings.

Growing Profit Margin: LKOH's current net profit margins (6.2%) are higher than last year (3.8%).


Past Earnings Growth Analysis

Earnings Trend: LKOH's earnings have grown by 3.8% per year over the past 5 years.

Accelerating Growth: LKOH's earnings growth over the past year (74.3%) exceeds its 5-year average (3.8% per year).

Earnings vs Industry: LKOH earnings growth over the past year (74.3%) exceeded the Oil and Gas industry -1.7%.


Return on Equity

High ROE: LKOH's Return on Equity (10%) is considered low.


Financial Health

How is PJSC LUKOIL's financial position?


Financial Position Analysis

Short Term Liabilities: LKOH's short term assets (RUB1,838.6B) exceed its short term liabilities (RUB1,278.3B).

Long Term Liabilities: LKOH's short term assets (RUB1,838.6B) exceed its long term liabilities (RUB924.9B).


Debt to Equity History and Analysis

Debt Level: LKOH's debt to equity ratio (10.3%) is considered satisfactory.

Reducing Debt: LKOH's debt to equity ratio has reduced from 26.9% to 10.3% over the past 5 years.

Debt Coverage: LKOH's debt is well covered by operating cash flow (211.8%).

Interest Coverage: LKOH's interest payments on its debt are well covered by EBIT (23.4x coverage).


Balance Sheet


Dividend

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

3.72%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: LKOH's dividend (3.79%) is higher than the bottom 25% of dividend payers in the Russian market (3.01%).

High Dividend: LKOH's dividend (3.79%) is low compared to the top 25% of dividend payers in the Russian market (7.89%).


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 reasonably low payout ratio (39.6%), LKOH's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: LKOH's dividends in 3 years are forecast to be covered by earnings (70.8% payout ratio).


Next Steps

Management

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

11.7yrs

Average management tenure


CEO

Vagit Alekperov (71 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

Experienced Management: LKOH's management team is seasoned and experienced (11.7 years average tenure).


Board Members

Experienced Board: LKOH's board of directors are not considered experienced ( 2.3 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

PJSC LUKOIL's 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: ₽4.454t
  • Shares outstanding: 652.50m
  • Website: https://www.lukoil.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/27 18:00
End of Day Share Price2021/09/27 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.