Sector: Oil & Gas
RU_RNFT
Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.
Shares: connector/market_inputs
Monetary columns are in B USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.
| Date | Period | Status | RevenueB USD | Operating profitB USD | D&AB USD | EBITDAB USD | Net profitB USD | Operating CFB USD | Capex + M&AB USD | AssetsB USD | EquityB USD | ROE (annualized) | Net debtB USD | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025-12-31 | H2 2025 (6M) | OK | 1.4 y/y -35.5% | 0.2 y/y -57.8% | 0.0 y/y 1.5% | 0.2 y/y -53.3% | 0.2 y/y -21.2% | 0.0 | -11.3 | 5.0 y/y 1.3% | 2.0 y/y 2.5% | 17.2% | 61.1 | Report (PDF) |
| 2025-06-30 | H1 2025 (6M) | OK | 1.7 y/y -18.8% | 0.3 y/y -45.6% | 0.0 y/y 6.8% | 0.3 y/y -42.5% | 0.2 y/y -68.5% | 0.3 | -14.4 | 4.6 y/y -2.1% | 1.9 y/y 5.5% | 17.3% | 64.5 | Report (PDF) |
| 2024-12-31 | H2 2024 (6M) | OK | 2.1 y/y 4.1% | 0.4 y/y 18.1% | 0.0 y/y -69.4% | 0.5 y/y -3.3% | 0.2 y/y 41.5% | 0.4 | -33.8 | 4.9 y/y 9.8% | 2.0 y/y 48.3% | 39.5% | 108.7 | Report (PDF) |
| 2024-06-30 | H1 2024 (6M) | OK | 2.1 y/y 60.2% | 0.6 y/y — | 0.0 y/y -69.1% | 0.6 y/y 489.9% | 0.5 y/y — | 0.4 | -14.2 | 4.7 y/y 8.3% | 1.8 y/y 49.9% | 67.9% | 92.7 | Report (PDF) |
| 2023-12-31 | H2 2023 (6M) | OK | 2.1 y/y — | 0.4 y/y — | 0.1 y/y — | 0.5 y/y — | 0.2 y/y — | 0.6 | -13.7 | 4.5 y/y — | 1.3 y/y — | 6.5% | 107.0 | Report (PDF) |
| 2023-06-30 | H1 2023 (6M) | OK | 1.3 y/y — | 0.0 y/y — | 0.1 y/y — | 0.1 y/y — | -0.1 y/y — | 0.2 | -8.3 | 4.4 y/y — | 1.2 y/y — | — | 129.3 | Report (PDF) |
Quarterly values (₽ mln)
Year-over-year change
FCF (₽ mln)
Net debt / cash (₽ mln)
Potential discount −40% (factor 0.60)
This company's ranking potential is scaled down by a quality/governance factor from the signals below — de-prioritising 'cheap but problematic' names.
Current 98spot vs LTM +28%
Oil model: per-barrel, net-of-tax EBITDA projection. Only part of a Urals move reaches EBITDA — the rest is taken by mineral-extraction tax (~75% at the margin). Production × net-of-tax × Δprice → EBITDA → conservative (min spot/avg) → target market cap at the current EV/EBITDA.
Upside (conservative): +94% · spot +161% · 3-yr +28%
How it is calculated — revenue → costs → EBITDA → conservative EBITDA → target market cap
| 1 · Reported baseline (latest FY) | |
| Revenue | 218.2 bln RUB |
| EBITDA | 39.2 bln RUB |
| Cash costs (revenue − EBITDA) | 179.0 bln RUB |
| 2 · Urals oil price ($/bbl) | |
| Spot | $97.8 |
| LTM average | $76.6 |
| 3-yr average | $80.4 |
| 3 · EBITDA projection (per-barrel, net of tax) | |
| Production, mln bbl/yr · Oil_Gas_Q_Data LTM (frozen) | 47 |
| Net-of-tax pass-through of Δprice (НДПИ) | 25% |
| Price effect on EBITDA — spot | 19.5 bln RUB |
| Price effect on EBITDA — 3-yr | 3.4 bln RUB |
| = Spot EBITDA (LTM + effect) | 58.7 bln RUB |
| = 3-yr-price EBITDA | 42.6 bln RUB |
| = Avg-scenario EBITDA (spot + 3-yr)/2 | 50.6 bln RUB |
| Conservative EBITDA = min(spot, avg(spot, 3-yr)) | 50.6 bln RUB |
| 5 · Valuation → target market cap | |
| EV/EBITDA (current) | 2.3x |
| Target EV = EV/EBITDA × conservative EBITDA | 114.3 bln RUB |
| Net debt | 61.1 bln RUB |
| Target market cap = EV − net debt | 53.1 bln RUB |
| Current market cap | 27.3 bln RUB |
Upside = target market cap ÷ current − 1 = +94%
Dividend-model upside: +60%
The payout is forecast from smoothed profit × payout ratio, capped by free cash flow (developers exempt — escrow) and floored at the recent actual dividend (companies hold payouts while profitable). Fair yield = key rate + the historical yield-spread to the rate (so growers that historically traded below the rate score higher). Upside = fair price / current − 1.
| 1 · Forecast dividend (per policy) | |
| Smoothed net profit (median YTD-ann./LTM/FY) | 24 bn RUB |
| Payout ratio | 17% |
| Free cash flow (FY, OCF − capex) — not a cap (leverage 1.6x) | -4 bn RUB |
| Recent actual dividend (3-yr median) | 13.38 ₽ |
| = Forecast dividend per share | 13.45 ₽ |
| 2 · Fair yield (spread to key rate) | |
| CBR key rate | 14.2% |
| Historical yield spread to rate (3-yr median) | -4.7 pp |
| = Fair dividend yield | 10.8% |
| 3 · Valuation → upside | |
| Current price | 81.00 ₽ |
| Forecast dividend yield | 16.6% |
| Fair price (dividend-based) | 130 ₽ |
Forecast, not investment advice. Earnings annualization and policy assumptions are estimates.
Paid, trailing 12-mo: 13.38 RUB/sh · 16.5%
| Pay year | Dividend /sh | |
|---|---|---|
| 2026 | 4.46 ₽ | |
| 2025 | 13.38 ₽ |
| Period | Ex-date | /sh |
|---|---|---|
| 2026 q1 | 2026-03-27 | 4.46 ₽ |
| 2025 q4 | 2025-12-31 | 4.46 ₽ |
| 2025 q3 | 2025-09-30 | 4.46 ₽ |
| 2025 q2 | 2025-06-30 | 4.46 ₽ |
No dividend rows found for this issuer.
| 30.06.26 | AGM / Board | ★ ▲ Решения общих собраний участников (акционеров) На годовом собрании акционеров ПАО НК «РуссНефть», состоявшемся 26 июня 2026 года, было принято решение о выплате дивидендов по привилегированным акциям в размере 70 млн. долларов США из чистой прибыли в 7,75 млрд. рублей за 2025 год. Дивиденды по обыкновенным акциям не будут выплачиваться. |
| 22.05.26 | Filing | ★ ▲ Совершение эмитентом существенной сделки ПАО НК 'РуссНефть' заключило существенную сделку по поставке нефти на сумму 56,76 млрд. руб. с 01.07.2026 по 31.12.2026. Сделка составляет 15,92% от совокупной стоимости активов компании, которая на 31.12.2025 оценивается в 356,56 млрд. руб. |
| 24.04.26 | Filing | ★ ▼ Совершение подконтрольной эмитенту организацией существенной сделки |
| 16.07.26 | AGM / Board | Решения совета директоров (наблюдательного совета) Совет директоров ПАО НК 'РуссНефть' одобрил сделки с заинтересованностью на заседании 16.07.2026, на котором присутствовали 11 из 11 членов совета. Все голоса были 'за', без воздержавшихся и против. |
Source: e-disclosure material filings over the last 180 days; ★ — flagged important by the classifier; summaries are automatic.
Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)
Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of Russneft (RNFT) — from primary filings.