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General information

Rosneft Oil Company produces and markets petroleum products. The Company explores, extracts, refines, and markets oil and natural gas. Rosneft produces oil in Western Siberia, Sakhalin, the North Caucasus, and the Arctic regions of Russia.
  • Dividend yield for the last twelve months 12.5%
  • Free cash flow yield -14.3% (LTM), projected -35.6%
  • Share of USD-denominated sales in revenue of the company (estimate) ≈ 100.0%
  • Share price is 24.1% higher than minimum and 33.2% lower than maximum for the last 3 years
  • The company is overvalued by EV / LTM EBITDA multiple compared to target level (3.2x vs
    )
  • The company is overvalued by EV / projected EBITDA multiple compared to target level (
    vs
    )
  • Taking into account the impact of the key rate 14.0% on the change in financial parameters: EBITDA adjustment is 0 mln rub as NetDebt * (expected key rate - 3 years average 14.6%) / 2, expected EBITDA adjusted for key rate increases is 1 335 494 mln rub, expected mult is 6.5x, target mult is 3.2x, potential is -101.1%

Key Financials (Download financials)

Ticker: ROSN
Share price, RUB:  (+2.2%)410
year average price 465.97  


year start price 485.30 2024-12-08

max close price 613.55 2025-01-02

min close price 370.65 2025-10-27

current price 410.00 2025-12-07
Common stocks: 10 598 180 000
Dividend Yield:  12.5%
FCF Yield LTM / expected: -14.3% / -35.6%
EV / LTM EBITDA:3.2x
EV / EBITDA annualized: 4.4x
EV / projected EBITDA:
Target EV / EBITDA (hist percentile):
Express share price potential:
EV / LTM EBITDA mutiple calculation
Market Cap (m RUB): 4 345 254
Net Debt (m RUB): 3 572 400
EV (Enterprise Value): 7 917 654
EBITDA LTM (m RUB): 2 489 000
Net Income LTM (m RUB): 816 000
EV / LTM EBITDA: 3.2x
Net Debt / LTM EBITDA (if EBITDA > 0): 1.4x
Average daily trading volume for the week, RUB mln: 910
P / E 5.3x
P / E ann-d7.8x
P / B 0.5x
EBITDA margin ann-d 22.8%
Net income margin ann-d 7.1%

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

Фьючерсы
Название Инструмент Дата экспирации Последняя цена За день Дневной объем млн руб Цена акции Контанго / бэквордация Annualized
Фьючерсный контракт ROSN-12.25 RNZ5 2025-12-19 41203.00 +0.1% 163.3 410 +0.5% +16.2%
Фьючерсный контракт ROSN-3.26 RNH6 2026-03-20 41685.00 +0.5% 17.9 410 +1.7% +6.0%
Фьючерсный контракт ROSN-6.26 RNM6 2026-06-19 43352.00 -0.1% 0.4 410 +5.7% +11.1%
Фьючерсный контракт ROSN-9.26 RNU6 2026-09-18 44200.00 0.0% 0.2 410 +7.8% +10.1%
MSFO data *The values are shown in mln. The % change shows the difference from the same period last year

View as Pivot Table       Export as Pivot Table (xlsx)



Income


Q Revenue Gross profit Operating income Net income PercentProfit PercentLoss
 
2025 q2 1 980 000-24%   226 000-61% 140 000-69%    
2025 q1 2 283 000-12%   356 000-45% 277 000-43%    
2024 q4 2 560 000-2%   456 000-10% 201 000-48%    
2024 q3 2 515 000-34%   446 0000% 198 0000%    
2024 q2 2 602 000-23%   581 0000% 456 000-49%    
2024 q1 2 594 000-23%   646 0000% 486 000>+200%    
2023 q4 2 617 000   509 000 389 000    
2023 q3 3 823 000+174%   446 000-44% 198 000-64%    
2023 q2 ( 6798 , 9022 ) 3 373 000+165%   581 000+18% 900 000+149%    
2023 q1 3 373 000   646 000 42 000    
2022 q4            
2022 q3 1 396 000<-100%   793 000>+200% 553 000>+200%    
2022 q2 1 272 000+153%   492 500>+200% 362 000-16%    
2021 q4 2 678 000+46%   1 079 000>+200% 667 000>+200% 90 000+27% -173 000+5%
2021 q3 -1 464 000+38%   58 000-70% 82 000<-100% 11 000>+200% -4 000-87%
2021 q2 503 000<-100%   124 000<-100% 431 000+129% 0+100% 6 000-89%
2021 q1 1 737 000-1%   243 000+141% -168 000+17% 28 000+17% -58 000-28%
2020 q4 1 840 000-20%   219 000-24% 216 000+23% 71 000+137% -165 000>+200%
2020 q3 -1 058 000<-100%   191 000-46% -95 000<-100% 1 000-97% -30 000-46%
2020 q2 -583 000<-100%   -133 000<-100% 188 000-15% -1 000<-100% 55 000<-100%
2020 q1 1 758 000-15%   101 000-70% -143 000<-100% 24 000-40% -80 000+25%
2019 q4 2 299 000+4%   287 000-67% 176 000-63% 30 000-67% -51 000-76%
2019 q3 2 240 000<-100%   356 000<-100% 250 000<-100% 36 000<-100% -56 000<-100%
2019 q2 2 135 000-15%   321 000-31% 220 000-22% 37 000-21% -56 000-7%
2019 q1 2 077 000+21%   341 000+71% 156 000+64% 40 000+33% -64 000+7%
2018 q4 2 221 000+27%   862 000>+200% 472 000>+200% 92 000+19% -209 000+45%
2018 q3 -1 469 000+193%   -240 000+59% -199 000+14% -47 000+62% 39 000-29%
2018 q2 2 502 000+5%   462 000+5% 281 000-16% 47 000+88% -60 000-22%
2018 q1 1 722 000+22%   200 000+48% 95 000>+200% 30 000-12% -60 000+2%
2017 q4 1 743 000+16%   199 000-61% 120 000-26% 77 000+4% -144 000-3%
2017 q3 -501 000-52%   -151 000-20% -174 000+138% -29 000-50% 55 000+8%
2017 q2 2 386 000+94%   438 000+112% 334 000>+200% 25 000+9% -77 000+75%
2017 q1 1 410 000+35%   135 000+11% 17 000+42% 34 000-35% -59 000+13%
2016 q4 1 501 000+17%   515 000>+200% 162 000>+200% 74 000>+200% -148 000+118%
2016 q3 -1 042 000<-100%   -189 000<-100% -73 000<-100% -58 000<-100% 51 000<-100%
2016 q2 1 232 000-8%   207 000-3% 91 000-32% 23 000+92% -44 000+16%
2016 q1 1 048 000-21%   122 000-31% 12 000-79% 52 000>+200% -52 000-50%
2015 q4 1 282 000-2%   165 000>+200% 53 000-40% 16 000+78% -68 000-36%
2015 q3 1 296 000-6%   153 000-4% 113 000>+200% 12 000+33% -60 000-2%
2015 q2 1 337 000-7%   213 000+9% 134 000-22% 12 000+100% -38 000>+200%
2015 q1 1 321 000-4%   177 000-4% 56 000-36% 15 000+150% -103 000+151%
2014 q4 1 311 000-3%   54 000-64% 89 000-36% 9 000+29% -107 000>+200%
2014 q3 1 382 000+2%   160 000-23% 1 000-99% 9 000+29% -61 000>+200%
2014 q2 1 435 000+22%   195 000+76% 172 000>+200% 6 000+50% -10 000-55%
2014 q1 1 375 000+69%   184 000+114% 88 000-65% 6 000+100% -41 000>+200%
2013 q4 1 350 000<-100%   150 000>+200% 138 000<-100% 7 000-30% -16 000<-100%
2013 q3 1 356 000-27%   208 000-9% 143 000-52% 7 000+40% -11 000-67%
2013 q2 1 176 000+62%   111 000+127% 26 000<-100% 4 000+33% -22 000>+200%
2013 q1 812 000+7%   86 000-32% 248 000+112% 3 000-50% -7 000+40%
2012 q4 -255 000<-100%   7 000-94% -52 000<-100% 10 000+100% 25 000<-100%
2012 q3 1 860 000+160%   229 000+136% 301 000>+200% 5 0000% -33 000>+200%
2012 q2 725 000+11%   49 000-49% -1 000<-100% 3 000-40% -2 000-60%
2012 q1 759 000+29%   127 000-12% 117 000-5% 6 000+20% -5 0000%
2011 q4 764 000+60%   111 000+17% 72 000-4% 5 0000% -2 000-62%
2011 q3 715 000   97 000 57 000 5 000 -7 000
2011 q2 651 000   97 000 67 000 5 000 -5 000
2011 q1 588 000   144 000 123 000 5 000 -5 000
2010 q4 478 750   95 000 75 250 5 000 -5 250


Balance


Implied interest rate for 2021 q4:
= (PercentLoss - PercentProfit) * (365 / periodLength) / (NetDebt - MinorityInterest)
= (173 000 - 90 000) * 4 / (4 082 000 - 957 000)

Q Total equity Total assets Net debt Implied interest rate NetDebt / LTM EBITDA
 
2025 q2 9 043 000 20 304 000     1.44x
2025 q1 9 135 000+2% 20 522 000+7%     1.29x
2024 q4 9 157 000+9% 20 682 000+10%     1.20x
2024 q3 9 226 0000% 19 648 0000%     1.20x
2024 q2         0.96x
2024 q1 8 952 000 19 235 000 0   1.00x
2023 q4 8 414 000 18 787 000 0   0.90x
2023 q3 9 226 000 19 648 000     0.90x
2023 q2 ( 6798 , 9022 ) 8 970 000+7% 19 162 000+2% 0   1.20x
2023 q1         1.30x
2022 q4         1.30x
2022 q3         1.32x
2022 q2 8 414 000+45% 18 787 000+21%     1.24x
2021 q4 6 489 000+18% 16 457 000+7% 4 082 000+8% 10.6% 1.88x
2021 q3 6 269 000+37% 16 267 000+23% 3 632 000-21% -1.0% 1.98x
2021 q2 5 814 000+28% 15 548 000+1% 3 847 000-7%   2.49x
2021 q1 5 659 000+10% 15 459 000+16% 3 880 000-4% 3.9% 3.38x
2020 q4 5 487 000+7% 15 353 000+19% 3 766 000+1% 12.6% 3.68x
2020 q3 4 562 000-8% 13 224 000+2% 4 613 000+50% 2.9% 3.94x
2020 q2 4 556 000-7% 15 350 000+20% 4 151 000+16%   3.01x
2020 q1 5 137 000+7% 13 295 000+5% 4 059 000+14% 6.6% 2.37x
2019 q4 5 152 000+10% 12 950 000-2% 3 734 000+5% 2.7% 1.93x
2019 q3 4 971 000+11% 12 935 000+1% 3 079 000-18% 2.6% 1.81x
2019 q2 4 882 000+9% 12 804 0000% 3 570 000-8% 2.6% 1.76x
2019 q1 4 820 000+12% 12 651 000+3% 3 564 000-9% 3.3% 1.72x
2018 q4 4 677 000+12% 13 163 000+8% 3 550 000-9% 16.0% 1.89x
2018 q3 4 489 000+12% 12 853 000+12% 3 760 000-1%   2.15x
2018 q2 4 468 000+14% 12 741 000+16% 3 894 000+24% 1.6% 2.62x
2018 q1 4 286 000+12% 12 238 000+14% 3 934 000+40% 3.6% 3.20x
2017 q4 4 183 000+12% 12 227 000+11% 3 918 000+42% 8.0% 3.34x
2017 q3 4 009 000+24% 11 514 000+21% 3 808 000+111%   3.22x
2017 q2 3 917 000+24% 11 005 000+15% 3 152 000+99% 7.8% 2.75x
2017 q1 3 831 000+26% 10 778 000+51% 2 809 000+177% 4.2% 2.29x
2016 q4 3 726 000+27% 11 030 000+14% 2 765 000+52% 12.6% 2.41x
2016 q3 3 237 000+11% 9 485 000+1% 1 809 000-28%   1.61x
2016 q2 3 153 000+4% 9 555 000+12% 1 581 000-29% 5.3% 1.44x
2016 q1 3 052 000+5% 7 136 000-16% 1 014 000-68%   1.44x
2015 q4 2 929 000+2% 9 638 000+10% 1 821 000-26% 11.7% 1.46x
2015 q3 2 908 000-11% 9 425 000+14% 2 503 000+5% 7.7% 2.37x
2015 q2 3 041 000-7% 8 506 000+8% 2 215 000+43% 4.7% 3.41x
2015 q1 2 898 000-11% 8 517 000+8% 3 155 000+93% 11.2% 8.30x
2014 q4 2 881 000-9% 8 736 000+16% 2 467 000+30% 15.9%  
2014 q3 3 252 000+2% 8 232 000+14% 2 395 000+4% 8.7%  
2014 q2 3 287 000+18% 7 908 000+16% 1 550 000-28% 1.1%  
2014 q1 3 241 000+14% 7 893 000+20% 1 631 000-15% 8.8%  
2013 q4 3 165 000+40% 7 538 000+95% 1 904 000>+200% 1.9%  
2013 q3 3 185 000+41% 7 204 000+90% 2 299 000>+200% 0.8%  
2013 q2 2 775 000+34% 6 802 000+93% 2 166 000>+200% 3.5%  
2013 q1 2 838 000+30% 6 559 000+90% 1 915 000>+200% 0.9%  
2012 q4 2 266 000+10% 3 858 000+51% 628 000+1%    
2012 q3 2 256 000+9% 3 783 000+12% 590 000 20.2%  
2012 q2 2 066 0000% 3 518 000+4% 626 000 -0.7%  
2012 q1 2 180 000+5% 3 454 000+2% 492 000 -0.9%  
2011 q4 2 069 000+16% 2 562 000-15% 621 000 -2.0%  
2011 q3 2 069 000 3 377 000      
2011 q2 2 069 000 3 377 000      
2011 q1 2 069 000 3 377 000      
2010 q4 1 791 000 3 015 000      


Cashflow


Q Operating cashflow Investing cashflow Financial cashflow
 
2025 q2 551 000-14% -357 000-14% -275 000+90%
2025 q1 365 000-18% -403 000+50% 140 000<-100%
2024 q4 695 000-30% -399 000+145% 31 000<-100%
2024 q3 683 0000% -346 0000% -268 0000%
2024 q2 643 0000% -416 0000% -145 0000%
2024 q1 444 0000% -268 0000% -324 0000%
2023 q4 995 000 -163 000 -800 000
2023 q3 683 000+5% -346 000+23% -268 000-29%
2023 q2 ( 6798 , 9022 ) 643 000+31% -416 000+46% -145 000-30%
2023 q1 444 000 -268 000 -324 000
2022 q4      
2022 q3 648 667+36% -280 667-42% -375 667<-100%
2022 q2 492 000+68% -284 500+17% -207 500+34%
2021 q4 236 000-79% -406 000-62% -70 000<-100%
2021 q3 477 000+97% -483 000+76% 374 000>+200%
2021 q2 293 000>+200% -244 000+36% -155 000<-100%
2021 q1 160 000-53% -165 000-11% -168 000+28%
2020 q4 1 120 000>+200% -1 055 000>+200% 484 000<-100%
2020 q3 242 000-21% -274 000+73% 87 000<-100%
2020 q2 42 000-80% -179 000+8% 90 000<-100%
2020 q1 341 000+38% -186 000-17% -131 000-75%
2019 q4 342 000-9% -182 000>+200% -148 000<-100%
2019 q3 306 0000% -158 0000% -176 0000%
2019 q2 214 000+12% -165 000-2% -103 000-82%
2019 q1 248 000-8% -224 000+1% -530 000>+200%
2018 q4 376 000<-100% -51 000-88% 55 000-92%
2018 q3 306 000-40% -158 000-11% -176 000-9%
2018 q2 191 000-59% -168 000-54% -566 000<-100%
2018 q1 271 000+76% -221 000+9% -67 000-29%
2017 q4 -789 000<-100% -414 000>+200% 664 000+39%
2017 q3 507 000<-100% -178 000-81% -193 000<-100%
2017 q2 465 000>+200% -367 000>+200% 5 000<-100%
2017 q1 154 000-27% -203 000<-100% -95 000<-100%
2016 q4 483 000+59% -69 000-80% 477 000<-100%
2016 q3 -162 000<-100% -914 000+144% 197 000<-100%
2016 q2 148 000-55% -119 000+6% -84 000-35%
2016 q1 210 000-12% 129 000>+200% 55 000<-100%
2015 q4 303 000-15% -339 000+176% -95 000-49%
2015 q3 1 323 000>+200% -374 000+63% -518 000>+200%
2015 q2 331 000+36% -112 000-60% -129 000>+200%
2015 q1 238 000-64% 12 000<-100% -349 000-14%
2014 q4 358 000-6% -123 000-66% -185 000<-100%
2014 q3 366 000+39% -229 000-20% -148 000+100%
2014 q2 244 000+16% -282 000+9% -37 000<-100%
2014 q1 658 000+82% -345 000-74% -404 000<-100%
2013 q4 380 000+175% -362 000>+200% 8 000-80%
2013 q3 263 000+65% -288 000+169% -74 000<-100%
2013 q2 211 000+44% -259 000+112% 69 000<-100%
2013 q1 362 000>+200% -1 311 000>+200% 962 000<-100%
2012 q4 138 000+17% -115 000-6% 40 000-71%
2012 q3 159 000+61% -107 000+39% 57 000<-100%
2012 q2 147 000+63% -122 000+100% -9 000-59%
2012 q1 77 000-57% -108 000-19% -15 000-56%
2011 q4 118 000-1% -122 000+29% 136 000<-100%
2011 q3 99 000 -77 000 -43 000
2011 q2 90 000 -61 000 -22 000
2011 q1 180 000 -134 000 -34 000
2010 q4 119 500 -94 750 -8 000
RSBU data *The values are shown in mln. The % change shows the difference from the same period last year

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Income


Q Revenue Gross profit Operating income Net income PercentProfit PercentLoss
 
2025 q2 1 884 103-17% 419 533+16% 210 670+20% 45 199-42% 23 746+38% -243 492+88%
2025 q1 2 108 080-4% 353 410+1% 183 845-2% 10 466-74% 20 019+12% -216 964+75%
2024 q4 2 324 6510% 515 680-7% 331 254-6% 153 115-18% 17 696-12% -186 612+53%
2024 q3 2 532 774+24% 664 292+30% 501 945+52% 270 610+66% 16 124-9% -145 720+17%
2024 q2 2 281 015+33% 361 292-20% 175 610-35% 78 401-39% 17 245+13% -129 459+11%
2024 q1 2 206 546 349 061 187 219 39 985 17 852 -124 024
2023 q4 2 329 748 556 665 350 542 186 058 20 206 -122 351
2023 q3 2 036 643+19% 511 735+46% 330 241+142% 162 649<-100% 17 671+5% -125 049-14%
2023 q2 1 709 120-20% 452 869-7% 271 428+8% 128 866-5% 15 269-37% -117 020+2%
2023 q1            
2022 q4            
2022 q3 1 706 133-7% 349 922-30% 136 484-48% -50 683<-100% 16 874 -144 947
2022 q2 2 130 527 485 814 250 819 135 687 24 409 -114 542
2021 q4 2 097 593+77% 462 697+104% 190 159>+200% 65 598<-100%    
2021 q3 1 832 079+33% 500 201+3% 262 912-10% 179 111-7%    
2020 q4 1 182 112-34% 226 912-62% 15 041-95% -57 258<-100%    
2020 q3 1 373 920-16% 484 154+10% 291 022+183% 191 581>+200%    
2020 q2 852 026-50% 155 706-68% -24 827<-100% 23 326-63%    
2020 q1 1 427 032-16% 319 421-38% 41 108-81% -1 838<-100%    
2019 q4 1 792 917+3% 595 128+34% 273 969>+200% 229 790<-100%    
2019 q3 1 637 991-11% 439 505-18% 102 814-26% 1 550-99%    
2019 q2 1 694 037-13% 490 305-35% 168 811-59% 63 427-81%    
2019 q1 1 702 582+19% 513 806+32% 213 032>+200% 101 760+98%    
2018 q4 1 747 908 444 160 13 720 -29 221    
2018 q3 1 838 769 536 957 139 514 104 379    
2018 q2 1 952 463 758 733 409 964 334 261    
2018 q1 1 429 109 389 108 62 499 51 365    


Balance


Implied interest rate for 2025 q2:
= (PercentLoss - PercentProfit) * (365 / periodLength) / (NetDebt - MinorityInterest)
= (243 492 - 23 746) * 4 / (7 404 133 - 0)

Q Total equity Total assets Net debt
 
2025 q2 2 596 562-4% 14 314 132+6% 7 404 133+23%
2025 q1 2 685 993-8% 14 129 196+3% 7 234 742+18%
2024 q4 2 654 571-8% 14 206 964+4% 6 904 877+18%
2024 q3 2 961 321-2% 14 143 503+4% 6 738 841+19%
2024 q2 2 701 016-4% 13 476 864+3% 6 029 568+7%
2024 q1 2 930 064+1% 13 665 2010% 6 136 888+5%
2023 q4 2 890 082+5% 13 624 730+7% 5 845 928+12%
2023 q3 3 006 584+10% 13 642 098+7% 5 648 418+8%
2023 q2 2 810 160+2% 13 145 156+3% 5 618 850+8%
2023 q1 2 890 080 13 624 727 5 845 928
2022 q4 2 742 878 12 757 311 5 226 334-1%
2022 q3 2 742 878 12 757 311 5 226 334+10%
2022 q2 2 742 878 12 757 311 5 226 334
2021 q4     5 295 1150%
2021 q3     4 749 729-10%
2020 q4     5 287 800+1%
2020 q3     5 287 800+1%
2020 q2     5 433 645+3%
2020 q1     5 340 747+2%
2019 q4     5 260 666+7%
2019 q3     5 260 666+7%
2019 q2     5 260 666+7%
2019 q1     5 260 666+7%
2018 q4     4 911 302
2018 q3     4 911 302
2018 q2     4 911 302
2018 q1     4 911 302
More information for subscribed users:
detailed calculation of
Potential and Created Value,
commodities affecting the company