Rosneft reported in 1 half year 2021

The reports of oilmen in the first half of the year begin to publish. Naturally, due to the low base last year, all reports will show a strong increase in the year-to-year, so it is important not to simply pay attention to the growth of the profit of the G / g, and how many profits may be at the end of the year, as well as what dividend yield We expect us.

For the first half of the year 2021 Rosneft indicators:

▪️ revenue — 3.9 trillion (+ 39% y / y)

▪️ EBITDA — 1 trillion (+ 117% y / y)

▪ ▪ Net profit — 382 billion (loss of 113 billion a year earlier)

We see that the indicators are restored, however, now the company costs 5.5 trillion (560 rubles per share). If you look at the profit forecast, Rosneft can reach 1 trillion profit for 2021, which gives P / E = 5.5. If you look at the dividends, then the yield may draw up 8-9% per annum. For the first half of the year, the calculations of the Interfax dividends will be 18.02 rubles per share.

Earn trillion of RosTregty’s profits can help two factors — high oil prices in rubles and an increase in OPEC + quotas +

Dollar oil prices are still at high levels, while the ruble to the dollar is still far from the 2019 quotes. There may be a fiscal rule for this, according to which the Central Bank binds a daily currency in the market. So recently the daily volume of the buying exceeded 14 billion rubles a day.

The dollar prices for oil is still rising at high levels, while the ruble to the dollar is still far from the 2019 quotes. There may be a fiscal rule for this, according to which the Central Bank binds a daily currency in the market. So recently, the daily volume of the buying exceeded 14 billion rubles a day. Like the oil business in Russia, if the black swan will not arrive again.

Always analyze the paper and buy and sell only in accordance with your strategy.

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