Try our mobile app

General information

Largest independent Russian vertically integrated oil&gas producer. Has quite good corporate governance, information disclosure. In addition to paying dividends regularly buys back own shares
  • Current market environment: negative. Prices of Brent oil are 14.8% lower compared to the last 12 months (LTM)
  • Prices of Brent oil are at 12.3% percentile over the past 5 years, adjusted for inflation
  • Dividend yield for the last twelve months 18.5%
  • Free cash flow yield 9.9% (LTM), projected -8.1%
  • Share of USD-denominated sales in revenue of the company (estimate) 74.7%
  • Share price is 61.5% higher than minimum and 29.9% lower than maximum for the last 3 years
  • The company is undervalued by EV / LTM EBITDA multiple compared to target level (1.5x vs
    )
  • The company is overvalued by EV / projected EBITDA multiple compared to target level (
    vs
    )
  • Taking into account the impact of the key rate 20.0% on the change in financial parameters: EBITDA adjustment is 41 350 mln rub as NetDebt * (current key rate - normalized 7%) / 2, expected EBITDA adjusted for key rate increases is 979 437 mln rub, expected mult is 3.2x, target mult is 2.0x, potential is -31.3%

Key Financials (Download financials)

Ticker: LKOH
Share price, RUB:  (-3.6%)5718
year average price 6805  


year start price 6908 2024-07-13

max close price 7785 2025-02-17

min close price 5718 2025-07-11

current price 5718 2025-07-12
Common stocks: 658 226 500
Dividend Yield:  18.5%
FCF Yield LTM / expected: 9.9% / -8.1%
EV / LTM EBITDA:1.5x
EV / EBITDA annualized: 1.8x
Production prices change from LTM: -14.8%
EV / projected EBITDA:
Target EV / EBITDA (hist percentile):
Express share price potential:
EV / LTM EBITDA mutiple calculation
Market Cap (m RUB): 3 763 739
Net Debt (m RUB): -1 080 500
EV (Enterprise Value): 2 683 239
EBITDA LTM (m RUB): 1 785 263
Net Income LTM (m RUB): 985 495
EV / LTM EBITDA: 1.5x
Net Debt / LTM EBITDA (if EBITDA > 0): -0.6x
Average daily trading volume for the week, RUB mln: 3471
P / E 4.0x
P / E ann-d4.7x
P / B 0.6x
EBITDA margin ann-d 18.7%
Net income margin ann-d 9.9%

Revenue and EBITDA

Quarterly values (m RUB)

Change (y/y)

Cash Flow

FCF (m RUB), before FX effects elimination

Net Debt / Cash and Equivalents (m RUB)

Share price and dividends (Download history)

Share price

Payment RUB per share

Multiple and potential

EV / LTM EBITDA and 50% percentile

Potential dynamics

Daily trade volumes

Millions of RUB

P/B and P/E multipliers

P / B

P / E

More information for subscribed users:
detailed calculation of
Potential and Created Value,
commodities affecting the company