Oil and gas

LKOH

LUKOIL

6 341.5 ₽
+2.85% for the day
Market cap 3.69 tn ₽ 581.9 mn shares
Target price 6 456.7 ₽ based on our forecasts
Upside 1.8% to the target price
Industry Oil and gas other stocks →
Listing 1 level RU0009024277
Fair value assessment
Buy
Current 6 341.5 ₽
6 456.7 ₽ 12M target
How the target is built
DCFDDMEV/EBITDAP/E The weight and estimate of each method are in the PRO subscription What PRO includes
Price history
- dividend record date
Dividends
All dividends
next year's forecast dividend is covered by free cash flow 1.7× FCF
Size Period Record date Last buy date ? Yield ? Status
535.00 ₽ 9M 2026 09.12.2026 08.12.2026 8.44% declared by the board
644.57 ₽ forecast, 2027 04.05.2027 03.05.2027 10.16% forecast
Payout history
Size Record date Yield ? Status
278.00 ₽ 04.05.2026 5.0% paid
397.00 ₽ 12.01.2026 6.8% paid
541.00 ₽ 03.06.2025 7.9% paid
514.00 ₽ 17.12.2024 7.6% paid
498.00 ₽ 07.05.2024 6.2% paid
447.00 ₽ 17.12.2023 6.5% paid
Company health
2 of 4 checks passed
Profitable Net profit for 2025 92.5 bn ₽
Pays dividends Paid for 2025 541.00 ₽
High profitability ROE for 2025; the check threshold is above 15% 2.8%
Inexpensive on earnings P/E below the industry average (3.1) 4.0
Upside to the target Near the target price +1.8%
Financials, ₽bn
20252026E2027E2028E
Revenue 3 7684 183
EBITDA 892.11 652
Net profit 92.5934.6
FCF 530.5791.7
FCF yield 15.3%22.9%
EPS, ₽ 158.971 606
The 2027–2028 forecast is in the PRO subscriptionWhat PRO includes
Forward multiples
2026E2027E2028E
P/E 4.0
EV/EBITDA 2.2
P/B ———
ND/EBITDA -0.1
Dividend yield 20.23%10.16%—
The 2027–2028 forecast is in the PRO subscriptionWhat PRO includes
Performance
52-week high 6 341.5 ₽
52-week low 3 998.5 ₽
1 month +19.66%
3 months +37.93%
6 months +14.92%
1 year +16.12%
Beta to the MOEX Index Beta How closely a security's price follows the market. A beta of 1.3 means that historically the security moved about 13% when the index moved 10%. A measure of swing relative to the index. More in the glossary 1.17
Volatility, annual 31% · moderate
Volatility, 30 days 28%
Volatility, day 1.8%
Trading volume for the day 5.3 bn ₽

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