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Rosneft Oil

DB:OJS1
Snowflake Description

Very undervalued with solid track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
OJS1
DB
$41B
Market Cap
  1. Home
  2. DE
  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 39 days ago. More info.


Add to Portfolio Compare Print
  • Rosneft Oil has significant price volatility in the past 3 months.
OJS1 Share Price and Events
7 Day Returns
3.2%
DB:OJS1
18.1%
DE Oil and Gas
7.1%
DE Market
1 Year Returns
-35.6%
DB:OJS1
21.9%
DE Oil and Gas
-17.5%
DE Market
OJS1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Rosneft Oil (OJS1) 3.2% -33.6% -44.4% -35.6% -32.3% -11%
DE Oil and Gas 18.1% -19.9% -29.8% 21.9% -25.6% 137.4%
DE Market 7.1% -20% -26.1% -17.5% -25.8% -29.2%
1 Year Return vs Industry and Market
  • OJS1 underperformed the Oil and Gas industry which returned 21.9% over the past year.
  • OJS1 underperformed the Market in Germany which returned -17.5% over the past year.
Price Volatility
OJS1
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.

DB:OJS1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 13 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.3%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

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 DB:OJS1
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 8.6%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.807 (1 + (1- 20%) (112.13%))
1.356
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)
= -0.39% + (1.356 * 8.61%)
11.28%

Discounted Cash Flow Calculation for DB:OJS1 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.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:OJS1 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (RUB, Millions) Source Present Value
Discounted (@ 11.28%)
2020 778,002.27 Analyst x6 699,126.65
2021 805,334.20 Analyst x6 650,318.52
2022 1,097,280.85 Analyst x4 796,237.77
2023 985,993.47 Analyst x3 642,945.26
2024 991,541.09 Analyst x3 581,012.76
2025 993,956.01 Est @ 0.24% 523,379.99
2026 994,487.65 Est @ 0.05% 470,570.10
2027 993,696.45 Est @ -0.08% 422,526.22
2028 991,980.42 Est @ -0.17% 379,033.87
2029 989,620.65 Est @ -0.24% 339,796.31
Present value of next 10 years cash flows RUB5,504,947.00
DB:OJS1 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= RUB989,620.65 × (1 + -0.39%) ÷ (11.28% – -0.39%)
RUB8,445,504.25
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= RUB8,445,504.25 ÷ (1 + 11.28%)10
RUB2,899,849.73
DB:OJS1 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= RUB5,504,947.00 + RUB2,899,849.73
RUB8,404,796.73
Equity Value per Share
(RUB)
= Total value / Shares Outstanding
= RUB8,404,796.73 / 10,598.18
RUB793.04
DB:OJS1 Discount to Share Price
Calculation Result
Exchange Rate RUB/USD
(Reporting currency to currency of LSE:ROSN)
0.013
Value per Share
(USD)
= Value per Share in RUB x Exchange Rate (RUB/USD)
= RUB793.04 x 0.013
$10.01
Non-primary Listing Adjustment Factor 1 share in DB:OJS1 represents 0.92923x of LSE:ROSN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.92923x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 10.01 x 0.92923
€9.30
Value per share (EUR) From above. €9.30
Current discount Discount to share price of €3.61
= -1 x (€3.61 - €9.30) / €9.30
61.2%

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
>50%
Share price is €3.61 vs Future cash flow value of €9.3
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, and 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
DB:OJS1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in RUB RUB66.81
LSE:ROSN Share Price ** LSE (2020-03-27) in USD $3.89
LSE:ROSN Share Price converted to RUB reporting currency Exchange rate (USD/ RUB) 79.254 RUB307.98
Europe Oil and Gas Industry PE Ratio Median Figure of 105 Publicly-Listed Oil and Gas Companies 5.67x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.45x

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

** Primary Listing of Rosneft Oil.

DB:OJS1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 307.98 ÷ 66.81

4.61x

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 Europe Oil and Gas industry average.
  • Rosneft Oil is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Rosneft Oil's expected growth come at a high price?
Raw Data
DB:OJS1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.61x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts
10%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 65 Publicly-Listed Oil and Gas Companies 0.17x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

DB:OJS1 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 4.61x ÷ 10%

0.46x

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
DB:OJS1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in RUB RUB426.21
LSE:ROSN Share Price * LSE (2020-03-27) in USD $3.89
LSE:ROSN Share Price converted to RUB reporting currency Exchange rate (USD/ RUB) 79.254 RUB307.98
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 0.94x
Germany Market PB Ratio Median Figure of 575 Publicly-Listed Companies 1.43x
DB:OJS1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 307.98 ÷ 426.21

0.72x

* Primary Listing of Rosneft Oil.

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

  • Rosneft Oil is good value based on assets compared to the DE 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 6/6, 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 13 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
10%
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 -0.4%.
Growth vs Market Checks
  • Rosneft Oil's earnings growth is positive but not above the Germany market average.
  • Rosneft Oil's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:OJS1 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:OJS1 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts 10%
DB:OJS1 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts 5.9%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13.1%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.2%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.2%

*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
DB:OJS1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
All numbers in RUB Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:OJS1 Future Estimates Data
Date (Data in RUB Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 10,237,239 1
2023-12-31 10,085,948 1
2022-12-31 9,938,642 2,217,951 889,118 8
2021-12-31 9,441,598 1,964,620 798,290 11
2020-12-31 8,092,513 1,756,227 519,424 13
2020-03-29
DB:OJS1 Past Financials Data
Date (Data in RUB Millions) Revenue Cash Flow Net Income *
2019-12-31 8,316,000 1,110,000 708,000
2019-09-30 8,248,000 1,144,000 659,000
2019-06-30 8,283,000 1,345,000 576,000
2019-03-31 8,181,000 1,479,000 599,000
2018-12-31 7,829,000 1,502,000 549,000
2018-09-30 7,373,000 1,251,000 531,000
2018-06-30 6,581,000 743,000 445,000
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

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Rosneft Oil's earnings are expected to grow by 10% yearly, however this is not considered high growth (20% yearly).
  • Rosneft Oil's revenue is expected to grow by 5.9% 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
DB:OJS1 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below

All data from Rosneft Oil Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:OJS1 Future Estimates Data
Date (Data in RUB Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 87.07 110.22 71.93 3.00
2021-12-31 78.30 128.26 43.88 4.00
2020-12-31 48.70 68.71 31.83 4.00
2020-03-29
DB:OJS1 Past Financials Data
Date (Data in RUB Millions) EPS *
2019-12-31 66.81
2019-09-30 62.18
2019-06-30 54.35
2019-03-31 56.52
2018-12-31 51.80
2018-09-30 50.10
2018-06-30 41.99
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

*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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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 (29% vs 19.7%)
  • Rosneft Oil's earnings growth has exceeded the Europe Oil and Gas industry average in the past year (29% vs -4.1%).
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 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:OJS1 Past Revenue, Cash Flow and Net Income Data
Date (Data in RUB Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 8,316,000.00 708,000.00 211,000.00
2019-09-30 8,248,000.00 659,000.00 207,000.00
2019-06-30 8,283,000.00 576,000.00 209,000.00
2019-03-31 8,181,000.00 599,000.00 206,000.00
2018-12-31 7,829,000.00 549,000.00 178,000.00
2018-09-30 7,373,000.00 531,000.00 181,000.00
2018-06-30 6,581,000.00 445,000.00 189,000.00
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

*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 more efficiently than the Europe 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 5/6, 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 2 months ago.

DB:OJS1 Past Debt and Equity Data
Date (Data in RUB Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 5,152,000.00 3,514,000.00 701,000.00
2019-09-30 4,971,000.00 3,578,000.00 749,000.00
2019-06-30 4,882,000.00 3,482,000.00 813,000.00
2019-03-31 4,820,000.00 3,563,000.00 929,000.00
2018-12-31 4,677,000.00 4,202,000.00 1,463,000.00
2018-09-30 4,489,000.00 3,864,000.00 833,000.00
2018-06-30 4,468,000.00 3,884,000.00 683,000.00
2018-03-31 4,286,000.00 3,872,000.00 578,000.00
2017-12-31 4,183,000.00 3,887,000.00 613,000.00
2017-09-30 4,009,000.00 3,738,000.00 470,000.00
2017-06-30 3,917,000.00 3,303,000.00 659,000.00
2017-03-31 3,831,000.00 3,300,000.00 876,000.00
2016-12-31 3,782,000.00 3,466,000.00 1,153,000.00
2016-09-30 3,237,000.00 2,883,000.00 1,137,000.00
2016-06-30 3,153,000.00 2,894,000.00 1,290,000.00
2016-03-31 3,052,000.00 3,153,000.00 1,451,000.00
2015-12-31 2,929,000.00 3,292,000.00 1,457,000.00
2015-09-30 2,908,000.00 3,116,000.00 1,464,000.00
2015-06-30 3,041,000.00 2,996,000.00 730,000.00
2015-03-31 2,898,000.00 3,255,000.00 680,000.00
2014-12-31 2,881,000.00 3,363,000.00 874,000.00
2014-09-30 3,252,000.00 2,566,000.00 760,000.00
2014-06-30 3,287,000.00 2,196,000.00 648,000.00
2014-03-31 3,241,000.00 2,329,000.00 689,000.00
2013-12-31 3,169,000.00 2,366,000.00 464,000.00
2013-09-30 3,185,000.00 2,373,000.00 414,000.00
2013-06-30 2,775,000.00 2,374,000.00 466,000.00
2013-03-31 2,838,000.00 2,182,000.00 362,000.00
  • Rosneft Oil's level of debt (68.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (116.7% vs 68.2% today).
  • Debt is well covered by operating cash flow (31.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 13x 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 3/6, 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
8.66%
Current annual income from Rosneft Oil dividends. Estimated to be 12.58% next year.
If you bought €2,000 of Rosneft Oil shares you are expected to receive €173 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 Germany (1.71%).
  • Rosneft Oil's dividend is above the markets top 25% of dividend payers in Germany (4.98%).
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
DB:OJS1 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 13 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 9.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 321 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 1%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

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

DB:OJS1 Future Dividends Estimate Data
Date (Data in RUB) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 45.75 6.00
2021-12-31 41.31 7.00
2020-12-31 32.09 9.00
2020-03-29
DB:OJS1 Past Annualized Dividends Data
Date (Data in RUB) Dividend per share (annual) Avg. Yield (%)
2019-08-21 26.670 6.403
2019-05-15 25.910 6.214
2018-10-02 21.230 5.010
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 2.098 1.068
2010-02-02 2.025 0.891
2010-01-15 2.067 0.842
2009-10-30 1.719 0.711
2009-07-30 1.738 0.852
2009-04-30 1.834 1.045

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 (2.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.9x 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 59
TENURE AS CEO 8.2 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 Germany.
Management Team Tenure

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

4.9
Average Tenure
56
Average Age
  • The tenure for the Rosneft Oil management team is about average.
Management Team

Igor Sechin

TITLE
Chairman of Management Board
AGE
59
TENURE
8.2 yrs

Zeljko Runje

TITLE
Deputy Chairman of the Management Board
AGE
65

Peter Lazarev

TITLE
Financial Director & Member of Management Board
AGE
52
TENURE
8.1 yrs

Didier Casimiro

TITLE
VP of Refining
AGE
53
TENURE
7.8 yrs

Andrei Shishkin

TITLE
VP for Informatization
AGE
60
TENURE
4.9 yrs

Eric Liron

TITLE
VP for In-House Services & Member of Management Board
AGE
65
TENURE
6.5 yrs

Gennady Bukaev

TITLE
Head of Internal Audit
AGE
72
TENURE
3.8 yrs

Yuri Kurilin

TITLE
VP, Chief of Staff & Member of Management Board
AGE
47
TENURE
2.9 yrs

Zavaleeva Vladimirovna

TITLE
State Secretary
AGE
38
TENURE
1.9 yrs

Andrey Polyakov

TITLE
VP, Chief Geologist & Member of Management Board
AGE
43
TENURE
0.3 yrs
Board of Directors Tenure

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

4.8
Average Tenure
63
Average Age
  • The tenure for the Rosneft Oil board of directors is about average.
Board of Directors

Gerhard Schroeder

TITLE
Independent Chairman
COMPENSATION
RUB600K
AGE
75

Igor Sechin

TITLE
Chairman of Management Board
AGE
59
TENURE
6.8 yrs

Arthur Warnig

TITLE
Deputy Chairman of the Board
COMPENSATION
RUB580K
AGE
64
TENURE
5.7 yrs

Hans-Georg Rudloff

TITLE
Independent Director
COMPENSATION
RUB200K
AGE
79
TENURE
1.8 yrs

Zakhar Sabantsev

TITLE
Chairman of the Audit Commission
AGE
45

Andrey Belousov

TITLE
Director
AGE
60
TENURE
4.8 yrs

Bob Dudley

TITLE
Director
AGE
64
TENURE
6.8 yrs

Oleg Viyugin

TITLE
Independent Director
COMPENSATION
RUB565K
AGE
67
TENURE
4.8 yrs

Guillermo Quintero

TITLE
Director
AGE
62
TENURE
4.8 yrs

Alexander Novak

TITLE
Director
AGE
48
TENURE
2.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual 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

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
OJS1
Exchange: DB
Founded: 1993
$37,144,325,334
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
325,600
Rosneft Oil employees.
Industry
Integrated Oil and Gas
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/29 21:33
End of day share price update: 2020/03/27 00:00
Last estimates confirmation: 2020/03/25
Last earnings filing: 2020/02/19
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.