PJSC Rosneft Oil Company (ROSN.L)

PJSC Rosneft Oil Company (ROSN.L) — VMCI valuation read

PJSC Rosneft Oil Company sits at VMCI 62/100, with the Energy sector median at 50. That 12-point spread is the first thing to note on ROSN.L: it tells the reader the composite is favorable before any single ratio is examined, and the mid-cap tier sets the comparison set.

Form 4 disclosures on ROSN.L are blank for the trailing 30 days. With the insider channel offline, the EV/EBITDA delta, free-cash-flow trajectory, and the next earnings print do the talking.

**Investor frame.** The Value read on ROSN.L: ROSN.L trades at 14.0x earnings, 22% below the Energy median of 18.0x, with EV/EBITDA at 13.0x against 12.0x. The Quality read: ROIC of 12.0% sits 2.0pp above the Energy median (10.0%). The Risk read: net debt to EBITDA of 3.3x is the binding constraint on the bear case, anchoring the bear scenario on a measurable balance-sheet metric.

ROSN.L fell 0.5% over the trailing 7 days, with a -19.0% read on a 30-day basis.