Motor Oil (Hellas) Corinth Refineries（MOH）株式概要モーターオイル（ヘラス） Corinth Refineries S.A. 詳細MOH ファンダメンタル分析スノーフレーク・スコア評価5/6将来の成長0/6過去の実績5/6財務の健全性6/6配当金4/6報酬当社が推定した公正価値より34.1%で取引されている 過去1年間で収益は404.7%増加しました 同業他社や業界と比較して、良好な取引価格 リスク分析今後3年間の収益は年平均25.2%減少すると予測されている。 財務結果に影響を与える大きな一時的項目 不安定な配当実績 すべてのリスクチェックを見るMOH Community Fair Values Create NarrativeSee what 31 others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value€Current Price€38.3871.4% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture017b2016201920222025202620282031Revenue €10.8bEarnings €798.4mAdvancedSet Fair ValueView all narrativesMotor Oil (Hellas) Corinth Refineries S.A. 競合他社HELLENiQ ENERGY HoldingsSymbol: ATSE:ELPEMarket cap: €3.4bRevoilSymbol: ATSE:REVOILMarket cap: €36.8mPBF EnergySymbol: NYSE:PBFMarket cap: US$5.1bAmpolSymbol: ASX:ALDMarket cap: AU$7.8b価格と性能株価の高値、安値、推移の概要Motor Oil (Hellas) Corinth Refineries過去の株価現在の株価€38.3852週高値€40.7052週安値€23.50ベータ0.191ヶ月の変化3.79%3ヶ月変化0.21%1年変化60.86%3年間の変化62.90%5年間の変化172.01%IPOからの変化299.79%最新ニュースDeclared Dividend • Jun 19Dividend of €1.43 announcedShareholders will receive a dividend of €1.43. Ex-date: 26th June 2026 Payment date: 3rd July 2026 Dividend yield will be 4.7%, which is lower than the industry average of 6.4%. Sustainability & Growth Dividend is well covered by both earnings (21% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 51% over the next 3 years. However, it would need to fall by 76% to increase the payout ratio to a potentially unsustainable range.分析記事 • Jun 04There May Be Underlying Issues With The Quality Of Motor Oil (Hellas) Corinth Refineries' (ATH:MOH) EarningsDespite posting some strong earnings, the market for Motor Oil (Hellas) Corinth Refineries S.A.'s ( ATH:MOH ) stock...Reported Earnings • May 28First quarter 2026 earnings released: EPS: €3.07 (vs €0.78 in 1Q 2025)First quarter 2026 results: EPS: €3.07 (up from €0.78 in 1Q 2025). Revenue: €3.36b (up 25% from 1Q 2025). Net income: €332.2m (up 293% from 1Q 2025). Profit margin: 9.9% (up from 3.2% in 1Q 2025). Revenue is expected to decline by 2.3% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Europe are expected to grow by 1.5%. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.お知らせ • May 16Motor Oil (Hellas) Corinth Refineries S.A. to Report Q1, 2026 Results on May 27, 2026Motor Oil (Hellas) Corinth Refineries S.A. announced that they will report Q1, 2026 results After-Market on May 27, 2026Major Estimate Revision • Apr 07Consensus revenue estimates increase by 23%The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from €11.7b to €14.5b. EPS estimate unchanged from €4.89 at last update. Oil and Gas industry in Greece expected to see average net income growth of 35% next year. Consensus price target broadly unchanged at €36.15. Share price rose 2.1% to €38.90 over the past week.Major Estimate Revision • Mar 31Consensus revenue estimates increase by 23%The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from €11.7b to €14.5b. EPS estimate unchanged from €4.89 at last update. Oil and Gas industry in Greece expected to see average net income growth of 34% next year. Consensus price target broadly unchanged at €36.15. Share price was steady at €38.10 over the past week.最新情報をもっと見るRecent updatesDeclared Dividend • Jun 19Dividend of €1.43 announcedShareholders will receive a dividend of €1.43. Ex-date: 26th June 2026 Payment date: 3rd July 2026 Dividend yield will be 4.7%, which is lower than the industry average of 6.4%. Sustainability & Growth Dividend is well covered by both earnings (21% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 51% over the next 3 years. However, it would need to fall by 76% to increase the payout ratio to a potentially unsustainable range.分析記事 • Jun 04There May Be Underlying Issues With The Quality Of Motor Oil (Hellas) Corinth Refineries' (ATH:MOH) EarningsDespite posting some strong earnings, the market for Motor Oil (Hellas) Corinth Refineries S.A.'s ( ATH:MOH ) stock...Reported Earnings • May 28First quarter 2026 earnings released: EPS: €3.07 (vs €0.78 in 1Q 2025)First quarter 2026 results: EPS: €3.07 (up from €0.78 in 1Q 2025). Revenue: €3.36b (up 25% from 1Q 2025). Net income: €332.2m (up 293% from 1Q 2025). Profit margin: 9.9% (up from 3.2% in 1Q 2025). Revenue is expected to decline by 2.3% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Europe are expected to grow by 1.5%. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.お知らせ • May 16Motor Oil (Hellas) Corinth Refineries S.A. to Report Q1, 2026 Results on May 27, 2026Motor Oil (Hellas) Corinth Refineries S.A. announced that they will report Q1, 2026 results After-Market on May 27, 2026Major Estimate Revision • Apr 07Consensus revenue estimates increase by 23%The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from €11.7b to €14.5b. EPS estimate unchanged from €4.89 at last update. Oil and Gas industry in Greece expected to see average net income growth of 35% next year. Consensus price target broadly unchanged at €36.15. Share price rose 2.1% to €38.90 over the past week.Major Estimate Revision • Mar 31Consensus revenue estimates increase by 23%The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from €11.7b to €14.5b. EPS estimate unchanged from €4.89 at last update. Oil and Gas industry in Greece expected to see average net income growth of 34% next year. Consensus price target broadly unchanged at €36.15. Share price was steady at €38.10 over the past week.New Risk • Mar 27New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 60% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 15% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.Reported Earnings • Mar 26Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: €5.98 (up from €2.62 in FY 2024). Revenue: €11.5b (down 5.8% from FY 2024). Net income: €647.5m (up 129% from FY 2024). Profit margin: 5.6% (up from 2.3% in FY 2024). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.5%. Revenue is forecast to stay flat during the next 3 years compared to a 1.8% growth forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings.お知らせ • Mar 06+ 1 more updateMotor Oil (Hellas) Corinth Refineries S.A. to Report First Half, 2026 Results on Aug 26, 2026Motor Oil (Hellas) Corinth Refineries S.A. announced that they will report first half, 2026 results on Aug 26, 2026分析記事 • Feb 05Motor Oil (Hellas) Corinth Refineries (ATH:MOH) Is Looking To Continue Growing Its Returns On CapitalIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Price Target Changed • Jan 28Price target increased by 8.6% to €33.59Up from €30.91, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of €33.82. Stock is up 58% over the past year. The company is forecast to post earnings per share of €6.25 for next year compared to €2.62 last year.分析記事 • Jan 21We Think Motor Oil (Hellas) Corinth Refineries (ATH:MOH) Is Taking Some Risk With Its DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...Price Target Changed • Jan 20Price target increased by 7.6% to €32.98Up from €30.66, the current price target is an average from 8 analysts. New target price is 10% above last closing price of €29.90. Stock is up 39% over the past year. The company is forecast to post earnings per share of €6.25 for next year compared to €2.62 last year.分析記事 • Jan 05There Is A Reason Motor Oil (Hellas) Corinth Refineries S.A.'s (ATH:MOH) Price Is UndemandingMotor Oil (Hellas) Corinth Refineries S.A.'s ( ATH:MOH ) price-to-earnings (or "P/E") ratio of 6.6x might make it look...Buy Or Sell Opportunity • Dec 16Now 20% undervaluedOver the last 90 days, the stock has risen 17% to €30.18. The fair value is estimated to be €37.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Earnings per share has declined by 43%. For the next 3 years, revenue is forecast to decline by 0.9% per annum. Earnings are also forecast to decline by 3.2% per annum over the same time period.分析記事 • Dec 02We Think You Should Be Aware Of Some Concerning Factors In Motor Oil (Hellas) Corinth Refineries' (ATH:MOH) EarningsThe recent earnings posted by Motor Oil (Hellas) Corinth Refineries S.A. ( ATH:MOH ) were solid, but the stock didn't...New Risk • Nov 26New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 3.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 3.2% per year for the foreseeable future. Minor Risks High level of debt (51% net debt to equity). Dividend is not well covered by cash flows (120% cash payout ratio). Large one-off items impacting financial results.Declared Dividend • Nov 05First half dividend of €0.35 announcedShareholders will receive a dividend of €0.35. Ex-date: 23rd December 2025 Payment date: 5th January 2026 Dividend yield will be 5.6%, which is lower than the industry average of 6.4%. Sustainability & Growth Dividend is not covered by earnings (139% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 54% to bring the payout ratio under control. EPS is expected to grow by 90% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.お知らせ • Nov 04Motor Oil (Hellas) Corinth Refineries S.A. to Report Nine Months, 2025 Results on Nov 19, 2025Motor Oil (Hellas) Corinth Refineries S.A. announced that they will report nine months, 2025 results on Nov 19, 2025分析記事 • Oct 17An Intrinsic Calculation For Motor Oil (Hellas) Corinth Refineries S.A. (ATH:MOH) Suggests It's 20% UndervaluedKey Insights Using the 2 Stage Free Cash Flow to Equity, Motor Oil (Hellas) Corinth Refineries fair value estimate is...Buy Or Sell Opportunity • Oct 16Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 5.3% to €24.50. The fair value is estimated to be €30.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has declined by 42%. For the next 3 years, revenue is forecast to decline by 0.8% per annum. Earnings are forecast to grow by 9.5% per annum over the same time period.分析記事 • Oct 02We Think Motor Oil (Hellas) Corinth Refineries (ATH:MOH) Is Taking Some Risk With Its DebtDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...分析記事 • Sep 15Motor Oil (Hellas) Corinth Refineries S.A.'s (ATH:MOH) Shares Lagging The Industry But So Is The BusinessYou may think that with a price-to-sales (or "P/S") ratio of 0.2x Motor Oil (Hellas) Corinth Refineries S.A. ( ATH:MOH...分析記事 • Aug 31Analysts Are Upgrading Motor Oil (Hellas) Corinth Refineries S.A. (ATH:MOH) After Its Latest ResultsShareholders might have noticed that Motor Oil (Hellas) Corinth Refineries S.A. ( ATH:MOH ) filed its second-quarter...Reported Earnings • Aug 31Second quarter 2025 earnings released: EPS: €0.72 (vs €1.56 in 2Q 2024)Second quarter 2025 results: EPS: €0.72 (down from €1.56 in 2Q 2024). Revenue: €2.59b (down 21% from 2Q 2024). Net income: €77.5m (down 54% from 2Q 2024). Profit margin: 3.0% (down from 5.2% in 2Q 2024). Revenue is forecast to stay flat during the next 3 years compared to a 11% growth forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.New Risk • Aug 29New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 16% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Earnings are forecast to decline by an average of 16% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (283% cash payout ratio). Profit margins are more than 30% lower than last year (1.5% net profit margin).分析記事 • Aug 14Motor Oil (Hellas) Corinth Refineries' (ATH:MOH) Returns On Capital Are Heading HigherATSE:MOH 1 Year Share Price vs Fair Value Explore Motor Oil (Hellas) Corinth Refineries's Fair Values from the...Declared Dividend • Jun 20Dividend of €1.10 announcedShareholders will receive a dividend of €1.10. Ex-date: 25th June 2025 Payment date: 2nd July 2025 Dividend yield will be 5.8%, which is lower than the industry average of 6.4%. Sustainability & Growth Dividend is covered by earnings (86% earnings payout ratio) but not covered by cash flows (283% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 28% over the next year, which should provide support to the dividend and adequate earnings cover.Reported Earnings • May 29First quarter 2025 earnings released: EPS: €0.78 (vs €1.76 in 1Q 2024)First quarter 2025 results: EPS: €0.78 (down from €1.76 in 1Q 2024). Revenue: €2.68b (down 10% from 1Q 2024). Net income: €84.6m (down 56% from 1Q 2024). Profit margin: 3.2% (down from 6.4% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to decline by 1.7% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.Major Estimate Revision • May 29Consensus revenue estimates decrease by 11%The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from €10.9b to €9.74b. EPS estimate unchanged from €2.75 per share at last update. Oil and Gas industry in Greece expected to see average net income growth of 3.0% next year. Consensus price target of €25.06 unchanged from last update. Share price was steady at €23.48 over the past week.お知らせ • May 16Motor Oil (Hellas) Corinth Refineries S.A. to Report Q1, 2025 Results on May 26, 2025Motor Oil (Hellas) Corinth Refineries S.A. announced that they will report Q1, 2025 results After-Market on May 26, 2025Reported Earnings • Apr 04Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2024 results: EPS: €2.62 (down from €7.43 in FY 2023). Revenue: €12.2b (down 8.5% from FY 2023). Net income: €283.4m (down 65% from FY 2023). Profit margin: 2.3% (down from 6.1% in FY 2023). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates by 16%. Revenue is forecast to decline by 1.8% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.お知らせ • Mar 20+ 1 more updateMotor Oil (Hellas) Corinth Refineries S.A. to Report First Half, 2025 Results on Aug 27, 2025Motor Oil (Hellas) Corinth Refineries S.A. announced that they will report first half, 2025 results on Aug 27, 2025お知らせ • Mar 15Motor Oil (Hellas) Corinth Refineries S.A., Annual General Meeting, Jun 18, 2025Motor Oil (Hellas) Corinth Refineries S.A., Annual General Meeting, Jun 18, 2025.Upcoming Dividend • Dec 16Upcoming dividend of €0.30 per shareEligible shareholders must have bought the stock before 23 December 2024. Payment date: 03 January 2025. Payout ratio is a comfortable 60% but the company is not cash flow positive. Trailing yield: 8.3%. Within top quartile of Greek dividend payers (5.9%). Higher than average of industry peers (7.3%).Major Estimate Revision • Dec 03Consensus EPS estimates fall by 20%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €12.3b to €12.1b. EPS estimate also fell from €3.88 per share to €3.12 per share. Net income forecast to grow 9.2% next year vs 16% growth forecast for Oil and Gas industry in Greece. Consensus price target broadly unchanged at €26.94. Share price rose 3.2% to €19.99 over the past week.New Risk • Nov 21New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings are forecast to decline by an average of 11% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (2.4% net profit margin).Reported Earnings • Nov 21Third quarter 2024 earnings released: €1.29 loss per share (vs €4.06 profit in 3Q 2023)Third quarter 2024 results: €1.29 loss per share (down from €4.06 profit in 3Q 2023). Revenue: €3.13b (down 23% from 3Q 2023). Net loss: €138.7m (down 132% from profit in 3Q 2023). Revenue is expected to fall by 3.2% p.a. on average during the next 3 years compared to a 1.1% decline forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.お知らせ • Nov 07Motor Oil (Hellas) Corinth Refineries S.A. to Report Nine Months, 2024 Results on Nov 20, 2024Motor Oil (Hellas) Corinth Refineries S.A. announced that they will report nine months, 2024 results on Nov 20, 2024Declared Dividend • Nov 01First half dividend of €0.30 announcedShareholders will receive a dividend of €0.30. Ex-date: 23rd December 2024 Payment date: 3rd January 2025 Dividend yield will be 8.8%, which is higher than the industry average of 6.4%. Sustainability & Growth Dividend is covered by both earnings (17% earnings payout ratio) and cash flows (64% cash payout ratio). The dividend has increased by an average of 25% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 81% over the next 3 years. A fall of 81% would increase the payout ratio to a potentially unsustainable range, which means the dividend may be at risk.Major Estimate Revision • Oct 16Consensus EPS estimates fall by 20%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from €12.5b to €12.7b. EPS estimate fell from €4.83 to €3.88 per share. Net income forecast to shrink 59% next year vs 19% growth forecast for Oil and Gas industry in Greece . Consensus price target down from €28.81 to €27.83. Share price was steady at €20.56 over the past week.Reported Earnings • Aug 29Second quarter 2024 earnings released: EPS: €1.56 (vs €0.36 in 2Q 2023)Second quarter 2024 results: EPS: €1.56 (up from €0.36 in 2Q 2023). Revenue: €3.26b (up 24% from 2Q 2023). Net income: €168.3m (up 332% from 2Q 2023). Profit margin: 5.2% (up from 1.5% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is expected to fall by 4.5% p.a. on average during the next 3 years compared to a 1.0% decline forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.Major Estimate Revision • Aug 25Consensus EPS estimates fall by 44%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from €12.0b to €12.2b. EPS estimate fell from €5.23 to €2.92 per share. Net income forecast to shrink 55% next year vs 14% growth forecast for Oil and Gas industry in Greece . Consensus price target broadly unchanged at €28.81. Share price was steady at €21.14 over the past week.お知らせ • Aug 14Motor Oil (Hellas) Corinth Refineries S.A. to Report First Half, 2024 Results on Aug 28, 2024Motor Oil (Hellas) Corinth Refineries S.A. announced that they will report first half, 2024 results on Aug 28, 2024New Risk • Aug 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Greek stocks, typically moving 4.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (8.9% operating cash flow to total debt). Earnings are forecast to decline by an average of 30% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (4.7% average weekly change).Declared Dividend • Jun 21Dividend of €1.43 announcedShareholders will receive a dividend of €1.43. Ex-date: 26th June 2024 Payment date: 3rd July 2024 Dividend yield will be 7.4%, which is higher than the industry average of 6.4%. Sustainability & Growth Dividend is covered by earnings (26% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 25% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 58% over the next 3 years. However, it would need to fall by 71% to increase the payout ratio to a potentially unsustainable range.Reported Earnings • May 29First quarter 2024 earnings released: EPS: €1.76 (vs €2.19 in 1Q 2023)First quarter 2024 results: EPS: €1.76 (down from €2.19 in 1Q 2023). Revenue: €2.98b (down 9.9% from 1Q 2023). Net income: €190.7m (down 20% from 1Q 2023). Profit margin: 6.4% (down from 7.2% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is expected to fall by 2.3% p.a. on average during the next 3 years compared to a 1.4% decline forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.お知らせ • May 16Motor Oil (Hellas) Corinth Refineries S.A. to Report Q1, 2024 Results on May 28, 2024Motor Oil (Hellas) Corinth Refineries S.A. announced that they will report Q1, 2024 results on May 28, 2024Reported Earnings • Apr 05Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: €7.43 (down from €8.82 in FY 2022). Revenue: €13.3b (down 20% from FY 2022). Net income: €805.7m (down 17% from FY 2022). Profit margin: 6.1% (up from 5.8% in FY 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) also missed analyst estimates by 10%. Revenue is expected to fall by 2.8% p.a. on average during the next 3 years compared to a 1.8% decline forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth.お知らせ • Apr 01Motor Oil (Hellas) Corinth Refineries S.A. to Report Fiscal Year 2023 Results on Apr 03, 2024Motor Oil (Hellas) Corinth Refineries S.A. announced that they will report fiscal year 2023 results on Apr 03, 2024お知らせ • Jan 01Motor Oil (Hellas) Corinth Refineries S.A., Annual General Meeting, Jan 24, 2024Motor Oil (Hellas) Corinth Refineries S.A., Annual General Meeting, Jan 24, 2024, at 10:00 E. Europe Standard Time. Location: NJV Athens Plaza Hotel 2 Vassileos Georgiou A Street, Zip Code 105 64, Syntagma Square Athens GreeceMajor Estimate Revision • Dec 21Consensus EPS estimates increase by 12%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from €7.09 to €7.96. Revenue forecast steady at €13.9b. Net income forecast to shrink 12% next year vs 15% growth forecast for Oil and Gas industry in Greece . Consensus price target up from €26.64 to €27.84. Share price fell 3.0% to €24.26 over the past week.Price Target Changed • Dec 20Price target increased by 7.8% to €27.84Up from €25.83, the current price target is an average from 7 analysts. New target price is 15% above last closing price of €24.28. Stock is up 12% over the past year. The company is forecast to post earnings per share of €7.96 for next year compared to €8.82 last year.Upcoming Dividend • Dec 11Upcoming dividend of €0.40 per share at 6.5% yieldEligible shareholders must have bought the stock before 18 December 2023. Payment date: 22 December 2023. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 6.5%. Within top quartile of Greek dividend payers (4.6%). Lower than average of industry peers (9.0%).Major Estimate Revision • Nov 28Consensus revenue estimates increase by 12%The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from €12.3b to €13.7b. EPS estimate unchanged from €5.86 at last update. Oil and Gas industry in Greece expected to see average net income growth of 15% next year. Consensus price target of €26.41 unchanged from last update. Share price rose 11% to €24.76 over the past week.Reported Earnings • Nov 23Third quarter 2023 earnings released: EPS: €4.06 (vs €2.92 in 3Q 2022)Third quarter 2023 results: EPS: €4.06 (up from €2.92 in 3Q 2022). Revenue: €4.04b (down 15% from 3Q 2022). Net income: €440.9m (up 37% from 3Q 2022). Profit margin: 11% (up from 6.7% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is expected to fall by 6.2% p.a. on average during the next 3 years compared to a 3.3% decline forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth.お知らせ • Nov 08Motor Oil (Hellas) Corinth Refineries S.A. to Report Nine Months, 2023 Results on Nov 21, 2023Motor Oil (Hellas) Corinth Refineries S.A. announced that they will report nine months, 2023 results on Nov 21, 2023New Risk • Aug 30New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.8% Last year net profit margin: 5.5% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 24% per year for the foreseeable future. Minor Risks High level of debt (59% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.8% net profit margin).お知らせ • Aug 19Motor Oil (Hellas) Corinth Refineries S.A. to Report First Half, 2023 Results on Aug 29, 2023Motor Oil (Hellas) Corinth Refineries S.A. announced that they will report first half, 2023 results on Aug 29, 2023Upcoming Dividend • Jun 19Upcoming dividend of €1.20 per share at 6.5% yieldEligible shareholders must have bought the stock before 26 June 2023. Payment date: 03 July 2023. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 6.5%. Within top quartile of Greek dividend payers (4.8%). Lower than average of industry peers (9.0%).Major Estimate Revision • Jun 06Consensus revenue estimates decrease by 13%The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from €15.2b to €13.3b. EPS estimate unchanged from €3.76 per share at last update. Oil and Gas industry in Greece expected to see average net income decline 8.8% next year. Consensus price target down from €26.67 to €25.71. Share price fell 2.0% to €23.10 over the past week.お知らせ • Jun 01Motor Oil (Hellas) Corinth Refineries S.A., Annual General Meeting, Jun 07, 2023Motor Oil (Hellas) Corinth Refineries S.A., Annual General Meeting, Jun 07, 2023, at 07:00 Coordinated Universal Time. Location: NJV Athens Plaza Hotel, 2 Vassileos Georgiou A Street, Zip Code 105 64, Syntagma Square, Athens Athens GreeceReported Earnings • May 31First quarter 2023 earnings released: EPS: €2.19 (vs €1.79 in 1Q 2022)First quarter 2023 results: EPS: €2.19 (up from €1.79 in 1Q 2022). Revenue: €3.31b (up 1.5% from 1Q 2022). Net income: €237.4m (up 20% from 1Q 2022). Profit margin: 7.2% (up from 6.1% in 1Q 2022). Revenue is expected to fall by 4.3% p.a. on average during the next 3 years compared to a 5.0% decline forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.Price Target Changed • Feb 02Price target increased by 7.2% to €26.37Up from €24.60, the current price target is an average from 6 analysts. New target price is 18% above last closing price of €22.40. Stock is up 56% over the past year. The company is forecast to post earnings per share of €8.41 for next year compared to €1.83 last year.Buying Opportunity • Jan 25Now 20% undervaluedOver the last 90 days, the stock is up 29%. The fair value is estimated to be €27.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 87%. Revenue is forecast to grow by 0.3% in 2 years. Earnings is forecast to decline by 54% in the next 2 years.株主還元MOHGR Oil and GasGR 市場7D-1.1%-3.4%-1.8%1Y60.9%28.4%25.3%株主還元を見る業界別リターン: MOH過去 1 年間で28.4 % の収益を上げたGreek Oil and Gas業界を上回りました。リターン対市場: MOH過去 1 年間で25.3 % の収益を上げたGreek市場を上回りました。価格変動Is MOH's price volatile compared to industry and market?MOH volatilityMOH Average Weekly Movement5.0%Oil and Gas Industry Average Movement6.4%Market Average Movement4.3%10% most volatile stocks in GR Market7.3%10% least volatile stocks in GR Market2.6%安定した株価: MOH 、 Greek市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: MOHの 週次ボラティリティ ( 5% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト19704,381Yannis Vardinoyanniswww.moh.grMotor Oil (Hellas) Corinth Refineries S.A. は、ギリシャ国内および海外で石油精製と石油製品取引を行っている。4つのセグメントで事業を展開：精製事業、燃料販売事業、電力・ガス事業、その他。同社は、輸送用、工業用、家庭用の液体燃料、潤滑油、アスファルトを製造・販売している。また、ガソリン、重油、軽油、潤滑油などの石油製品を小売ネットワークを通じて販売し、ガソリンスタンドも運営している。さらに、使用済み潤滑油の回収・取引、原油の調査・探鉱・取引、液化石油ガスの販売・流通、航空機燃料供給システムおよびアッティカのスパタにあるアテネ国際空港の貯蔵施設の運営も行っている。さらに、不動産物件の購入、売却、開発、施設管理、空港技術コンサルティング、廃棄物管理、金融サービスの提供にも携わっている。モーターオイル（ヘラス）コリント・リファイナリーズS A.は1970年に設立され、ギリシャのマルーシに本社を置いている。もっと見るMotor Oil (Hellas) Corinth Refineries S.A. 基礎のまとめMotor Oil (Hellas) Corinth Refineries の収益と売上を時価総額と比較するとどうか。MOH 基礎統計学時価総額€4.27b収益（TTM）€895.05m売上高(TTM)€12.16b4.6xPER（株価収益率0.3xP/SレシオMOH は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計MOH 損益計算書（TTM）収益€12.16b売上原価€10.69b売上総利益€1.47bその他の費用€574.96m収益€895.05m直近の収益報告Mar 31, 2026次回決算日Aug 26, 2026一株当たり利益（EPS）8.26グロス・マージン12.09%純利益率7.36%有利子負債／自己資本比率67.5%MOH の長期的なパフォーマンスは？過去の実績と比較を見る配当金4.6%現在の配当利回り21%配当性向MOH 配当は確実ですか？MOH 配当履歴とベンチマークを見るMOH 、いつまでに購入すれば配当金を受け取れますか？Motor Oil (Hellas) Corinth Refineries 配当日配当落ち日Jun 26 2026配当支払日Jul 03 2026配当落ちまでの日数5 days配当支払日までの日数2 daysMOH 配当は確実ですか？MOH 配当履歴とベンチマークを見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/30 17:18終値2026/06/30 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社の Github ページ でご覧いただけます。また、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Motor Oil (Hellas) Corinth Refineries S.A. 7 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。22 アナリスト機関Constantinos ZouzoulasAxia Ventures Group LtdLydia RainforthBarclaysYuriy KukhtanychBerenberg19 その他のアナリストを表示
Declared Dividend • Jun 19Dividend of €1.43 announcedShareholders will receive a dividend of €1.43. Ex-date: 26th June 2026 Payment date: 3rd July 2026 Dividend yield will be 4.7%, which is lower than the industry average of 6.4%. Sustainability & Growth Dividend is well covered by both earnings (21% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 51% over the next 3 years. However, it would need to fall by 76% to increase the payout ratio to a potentially unsustainable range.
分析記事 • Jun 04There May Be Underlying Issues With The Quality Of Motor Oil (Hellas) Corinth Refineries' (ATH:MOH) EarningsDespite posting some strong earnings, the market for Motor Oil (Hellas) Corinth Refineries S.A.'s ( ATH:MOH ) stock...
Reported Earnings • May 28First quarter 2026 earnings released: EPS: €3.07 (vs €0.78 in 1Q 2025)First quarter 2026 results: EPS: €3.07 (up from €0.78 in 1Q 2025). Revenue: €3.36b (up 25% from 1Q 2025). Net income: €332.2m (up 293% from 1Q 2025). Profit margin: 9.9% (up from 3.2% in 1Q 2025). Revenue is expected to decline by 2.3% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Europe are expected to grow by 1.5%. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.
お知らせ • May 16Motor Oil (Hellas) Corinth Refineries S.A. to Report Q1, 2026 Results on May 27, 2026Motor Oil (Hellas) Corinth Refineries S.A. announced that they will report Q1, 2026 results After-Market on May 27, 2026
Major Estimate Revision • Apr 07Consensus revenue estimates increase by 23%The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from €11.7b to €14.5b. EPS estimate unchanged from €4.89 at last update. Oil and Gas industry in Greece expected to see average net income growth of 35% next year. Consensus price target broadly unchanged at €36.15. Share price rose 2.1% to €38.90 over the past week.
Major Estimate Revision • Mar 31Consensus revenue estimates increase by 23%The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from €11.7b to €14.5b. EPS estimate unchanged from €4.89 at last update. Oil and Gas industry in Greece expected to see average net income growth of 34% next year. Consensus price target broadly unchanged at €36.15. Share price was steady at €38.10 over the past week.
Declared Dividend • Jun 19Dividend of €1.43 announcedShareholders will receive a dividend of €1.43. Ex-date: 26th June 2026 Payment date: 3rd July 2026 Dividend yield will be 4.7%, which is lower than the industry average of 6.4%. Sustainability & Growth Dividend is well covered by both earnings (21% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 51% over the next 3 years. However, it would need to fall by 76% to increase the payout ratio to a potentially unsustainable range.
分析記事 • Jun 04There May Be Underlying Issues With The Quality Of Motor Oil (Hellas) Corinth Refineries' (ATH:MOH) EarningsDespite posting some strong earnings, the market for Motor Oil (Hellas) Corinth Refineries S.A.'s ( ATH:MOH ) stock...
Reported Earnings • May 28First quarter 2026 earnings released: EPS: €3.07 (vs €0.78 in 1Q 2025)First quarter 2026 results: EPS: €3.07 (up from €0.78 in 1Q 2025). Revenue: €3.36b (up 25% from 1Q 2025). Net income: €332.2m (up 293% from 1Q 2025). Profit margin: 9.9% (up from 3.2% in 1Q 2025). Revenue is expected to decline by 2.3% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Europe are expected to grow by 1.5%. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.
お知らせ • May 16Motor Oil (Hellas) Corinth Refineries S.A. to Report Q1, 2026 Results on May 27, 2026Motor Oil (Hellas) Corinth Refineries S.A. announced that they will report Q1, 2026 results After-Market on May 27, 2026
Major Estimate Revision • Apr 07Consensus revenue estimates increase by 23%The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from €11.7b to €14.5b. EPS estimate unchanged from €4.89 at last update. Oil and Gas industry in Greece expected to see average net income growth of 35% next year. Consensus price target broadly unchanged at €36.15. Share price rose 2.1% to €38.90 over the past week.
Major Estimate Revision • Mar 31Consensus revenue estimates increase by 23%The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from €11.7b to €14.5b. EPS estimate unchanged from €4.89 at last update. Oil and Gas industry in Greece expected to see average net income growth of 34% next year. Consensus price target broadly unchanged at €36.15. Share price was steady at €38.10 over the past week.
New Risk • Mar 27New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 60% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 15% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.
Reported Earnings • Mar 26Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: €5.98 (up from €2.62 in FY 2024). Revenue: €11.5b (down 5.8% from FY 2024). Net income: €647.5m (up 129% from FY 2024). Profit margin: 5.6% (up from 2.3% in FY 2024). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.5%. Revenue is forecast to stay flat during the next 3 years compared to a 1.8% growth forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings.
お知らせ • Mar 06+ 1 more updateMotor Oil (Hellas) Corinth Refineries S.A. to Report First Half, 2026 Results on Aug 26, 2026Motor Oil (Hellas) Corinth Refineries S.A. announced that they will report first half, 2026 results on Aug 26, 2026
分析記事 • Feb 05Motor Oil (Hellas) Corinth Refineries (ATH:MOH) Is Looking To Continue Growing Its Returns On CapitalIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Price Target Changed • Jan 28Price target increased by 8.6% to €33.59Up from €30.91, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of €33.82. Stock is up 58% over the past year. The company is forecast to post earnings per share of €6.25 for next year compared to €2.62 last year.
分析記事 • Jan 21We Think Motor Oil (Hellas) Corinth Refineries (ATH:MOH) Is Taking Some Risk With Its DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Price Target Changed • Jan 20Price target increased by 7.6% to €32.98Up from €30.66, the current price target is an average from 8 analysts. New target price is 10% above last closing price of €29.90. Stock is up 39% over the past year. The company is forecast to post earnings per share of €6.25 for next year compared to €2.62 last year.
分析記事 • Jan 05There Is A Reason Motor Oil (Hellas) Corinth Refineries S.A.'s (ATH:MOH) Price Is UndemandingMotor Oil (Hellas) Corinth Refineries S.A.'s ( ATH:MOH ) price-to-earnings (or "P/E") ratio of 6.6x might make it look...
Buy Or Sell Opportunity • Dec 16Now 20% undervaluedOver the last 90 days, the stock has risen 17% to €30.18. The fair value is estimated to be €37.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Earnings per share has declined by 43%. For the next 3 years, revenue is forecast to decline by 0.9% per annum. Earnings are also forecast to decline by 3.2% per annum over the same time period.
分析記事 • Dec 02We Think You Should Be Aware Of Some Concerning Factors In Motor Oil (Hellas) Corinth Refineries' (ATH:MOH) EarningsThe recent earnings posted by Motor Oil (Hellas) Corinth Refineries S.A. ( ATH:MOH ) were solid, but the stock didn't...
New Risk • Nov 26New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 3.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 3.2% per year for the foreseeable future. Minor Risks High level of debt (51% net debt to equity). Dividend is not well covered by cash flows (120% cash payout ratio). Large one-off items impacting financial results.
Declared Dividend • Nov 05First half dividend of €0.35 announcedShareholders will receive a dividend of €0.35. Ex-date: 23rd December 2025 Payment date: 5th January 2026 Dividend yield will be 5.6%, which is lower than the industry average of 6.4%. Sustainability & Growth Dividend is not covered by earnings (139% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 54% to bring the payout ratio under control. EPS is expected to grow by 90% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.
お知らせ • Nov 04Motor Oil (Hellas) Corinth Refineries S.A. to Report Nine Months, 2025 Results on Nov 19, 2025Motor Oil (Hellas) Corinth Refineries S.A. announced that they will report nine months, 2025 results on Nov 19, 2025
分析記事 • Oct 17An Intrinsic Calculation For Motor Oil (Hellas) Corinth Refineries S.A. (ATH:MOH) Suggests It's 20% UndervaluedKey Insights Using the 2 Stage Free Cash Flow to Equity, Motor Oil (Hellas) Corinth Refineries fair value estimate is...
Buy Or Sell Opportunity • Oct 16Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 5.3% to €24.50. The fair value is estimated to be €30.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has declined by 42%. For the next 3 years, revenue is forecast to decline by 0.8% per annum. Earnings are forecast to grow by 9.5% per annum over the same time period.
分析記事 • Oct 02We Think Motor Oil (Hellas) Corinth Refineries (ATH:MOH) Is Taking Some Risk With Its DebtDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
分析記事 • Sep 15Motor Oil (Hellas) Corinth Refineries S.A.'s (ATH:MOH) Shares Lagging The Industry But So Is The BusinessYou may think that with a price-to-sales (or "P/S") ratio of 0.2x Motor Oil (Hellas) Corinth Refineries S.A. ( ATH:MOH...
分析記事 • Aug 31Analysts Are Upgrading Motor Oil (Hellas) Corinth Refineries S.A. (ATH:MOH) After Its Latest ResultsShareholders might have noticed that Motor Oil (Hellas) Corinth Refineries S.A. ( ATH:MOH ) filed its second-quarter...
Reported Earnings • Aug 31Second quarter 2025 earnings released: EPS: €0.72 (vs €1.56 in 2Q 2024)Second quarter 2025 results: EPS: €0.72 (down from €1.56 in 2Q 2024). Revenue: €2.59b (down 21% from 2Q 2024). Net income: €77.5m (down 54% from 2Q 2024). Profit margin: 3.0% (down from 5.2% in 2Q 2024). Revenue is forecast to stay flat during the next 3 years compared to a 11% growth forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
New Risk • Aug 29New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 16% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Earnings are forecast to decline by an average of 16% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (283% cash payout ratio). Profit margins are more than 30% lower than last year (1.5% net profit margin).
分析記事 • Aug 14Motor Oil (Hellas) Corinth Refineries' (ATH:MOH) Returns On Capital Are Heading HigherATSE:MOH 1 Year Share Price vs Fair Value Explore Motor Oil (Hellas) Corinth Refineries's Fair Values from the...
Declared Dividend • Jun 20Dividend of €1.10 announcedShareholders will receive a dividend of €1.10. Ex-date: 25th June 2025 Payment date: 2nd July 2025 Dividend yield will be 5.8%, which is lower than the industry average of 6.4%. Sustainability & Growth Dividend is covered by earnings (86% earnings payout ratio) but not covered by cash flows (283% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 28% over the next year, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • May 29First quarter 2025 earnings released: EPS: €0.78 (vs €1.76 in 1Q 2024)First quarter 2025 results: EPS: €0.78 (down from €1.76 in 1Q 2024). Revenue: €2.68b (down 10% from 1Q 2024). Net income: €84.6m (down 56% from 1Q 2024). Profit margin: 3.2% (down from 6.4% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to decline by 1.7% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
Major Estimate Revision • May 29Consensus revenue estimates decrease by 11%The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from €10.9b to €9.74b. EPS estimate unchanged from €2.75 per share at last update. Oil and Gas industry in Greece expected to see average net income growth of 3.0% next year. Consensus price target of €25.06 unchanged from last update. Share price was steady at €23.48 over the past week.
お知らせ • May 16Motor Oil (Hellas) Corinth Refineries S.A. to Report Q1, 2025 Results on May 26, 2025Motor Oil (Hellas) Corinth Refineries S.A. announced that they will report Q1, 2025 results After-Market on May 26, 2025
Reported Earnings • Apr 04Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2024 results: EPS: €2.62 (down from €7.43 in FY 2023). Revenue: €12.2b (down 8.5% from FY 2023). Net income: €283.4m (down 65% from FY 2023). Profit margin: 2.3% (down from 6.1% in FY 2023). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates by 16%. Revenue is forecast to decline by 1.8% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.
お知らせ • Mar 20+ 1 more updateMotor Oil (Hellas) Corinth Refineries S.A. to Report First Half, 2025 Results on Aug 27, 2025Motor Oil (Hellas) Corinth Refineries S.A. announced that they will report first half, 2025 results on Aug 27, 2025
お知らせ • Mar 15Motor Oil (Hellas) Corinth Refineries S.A., Annual General Meeting, Jun 18, 2025Motor Oil (Hellas) Corinth Refineries S.A., Annual General Meeting, Jun 18, 2025.
Upcoming Dividend • Dec 16Upcoming dividend of €0.30 per shareEligible shareholders must have bought the stock before 23 December 2024. Payment date: 03 January 2025. Payout ratio is a comfortable 60% but the company is not cash flow positive. Trailing yield: 8.3%. Within top quartile of Greek dividend payers (5.9%). Higher than average of industry peers (7.3%).
Major Estimate Revision • Dec 03Consensus EPS estimates fall by 20%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €12.3b to €12.1b. EPS estimate also fell from €3.88 per share to €3.12 per share. Net income forecast to grow 9.2% next year vs 16% growth forecast for Oil and Gas industry in Greece. Consensus price target broadly unchanged at €26.94. Share price rose 3.2% to €19.99 over the past week.
New Risk • Nov 21New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings are forecast to decline by an average of 11% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (2.4% net profit margin).
Reported Earnings • Nov 21Third quarter 2024 earnings released: €1.29 loss per share (vs €4.06 profit in 3Q 2023)Third quarter 2024 results: €1.29 loss per share (down from €4.06 profit in 3Q 2023). Revenue: €3.13b (down 23% from 3Q 2023). Net loss: €138.7m (down 132% from profit in 3Q 2023). Revenue is expected to fall by 3.2% p.a. on average during the next 3 years compared to a 1.1% decline forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
お知らせ • Nov 07Motor Oil (Hellas) Corinth Refineries S.A. to Report Nine Months, 2024 Results on Nov 20, 2024Motor Oil (Hellas) Corinth Refineries S.A. announced that they will report nine months, 2024 results on Nov 20, 2024
Declared Dividend • Nov 01First half dividend of €0.30 announcedShareholders will receive a dividend of €0.30. Ex-date: 23rd December 2024 Payment date: 3rd January 2025 Dividend yield will be 8.8%, which is higher than the industry average of 6.4%. Sustainability & Growth Dividend is covered by both earnings (17% earnings payout ratio) and cash flows (64% cash payout ratio). The dividend has increased by an average of 25% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 81% over the next 3 years. A fall of 81% would increase the payout ratio to a potentially unsustainable range, which means the dividend may be at risk.
Major Estimate Revision • Oct 16Consensus EPS estimates fall by 20%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from €12.5b to €12.7b. EPS estimate fell from €4.83 to €3.88 per share. Net income forecast to shrink 59% next year vs 19% growth forecast for Oil and Gas industry in Greece . Consensus price target down from €28.81 to €27.83. Share price was steady at €20.56 over the past week.
Reported Earnings • Aug 29Second quarter 2024 earnings released: EPS: €1.56 (vs €0.36 in 2Q 2023)Second quarter 2024 results: EPS: €1.56 (up from €0.36 in 2Q 2023). Revenue: €3.26b (up 24% from 2Q 2023). Net income: €168.3m (up 332% from 2Q 2023). Profit margin: 5.2% (up from 1.5% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is expected to fall by 4.5% p.a. on average during the next 3 years compared to a 1.0% decline forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
Major Estimate Revision • Aug 25Consensus EPS estimates fall by 44%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from €12.0b to €12.2b. EPS estimate fell from €5.23 to €2.92 per share. Net income forecast to shrink 55% next year vs 14% growth forecast for Oil and Gas industry in Greece . Consensus price target broadly unchanged at €28.81. Share price was steady at €21.14 over the past week.
お知らせ • Aug 14Motor Oil (Hellas) Corinth Refineries S.A. to Report First Half, 2024 Results on Aug 28, 2024Motor Oil (Hellas) Corinth Refineries S.A. announced that they will report first half, 2024 results on Aug 28, 2024
New Risk • Aug 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Greek stocks, typically moving 4.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (8.9% operating cash flow to total debt). Earnings are forecast to decline by an average of 30% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (4.7% average weekly change).
Declared Dividend • Jun 21Dividend of €1.43 announcedShareholders will receive a dividend of €1.43. Ex-date: 26th June 2024 Payment date: 3rd July 2024 Dividend yield will be 7.4%, which is higher than the industry average of 6.4%. Sustainability & Growth Dividend is covered by earnings (26% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 25% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 58% over the next 3 years. However, it would need to fall by 71% to increase the payout ratio to a potentially unsustainable range.
Reported Earnings • May 29First quarter 2024 earnings released: EPS: €1.76 (vs €2.19 in 1Q 2023)First quarter 2024 results: EPS: €1.76 (down from €2.19 in 1Q 2023). Revenue: €2.98b (down 9.9% from 1Q 2023). Net income: €190.7m (down 20% from 1Q 2023). Profit margin: 6.4% (down from 7.2% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is expected to fall by 2.3% p.a. on average during the next 3 years compared to a 1.4% decline forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.
お知らせ • May 16Motor Oil (Hellas) Corinth Refineries S.A. to Report Q1, 2024 Results on May 28, 2024Motor Oil (Hellas) Corinth Refineries S.A. announced that they will report Q1, 2024 results on May 28, 2024
Reported Earnings • Apr 05Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: €7.43 (down from €8.82 in FY 2022). Revenue: €13.3b (down 20% from FY 2022). Net income: €805.7m (down 17% from FY 2022). Profit margin: 6.1% (up from 5.8% in FY 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) also missed analyst estimates by 10%. Revenue is expected to fall by 2.8% p.a. on average during the next 3 years compared to a 1.8% decline forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth.
お知らせ • Apr 01Motor Oil (Hellas) Corinth Refineries S.A. to Report Fiscal Year 2023 Results on Apr 03, 2024Motor Oil (Hellas) Corinth Refineries S.A. announced that they will report fiscal year 2023 results on Apr 03, 2024
お知らせ • Jan 01Motor Oil (Hellas) Corinth Refineries S.A., Annual General Meeting, Jan 24, 2024Motor Oil (Hellas) Corinth Refineries S.A., Annual General Meeting, Jan 24, 2024, at 10:00 E. Europe Standard Time. Location: NJV Athens Plaza Hotel 2 Vassileos Georgiou A Street, Zip Code 105 64, Syntagma Square Athens Greece
Major Estimate Revision • Dec 21Consensus EPS estimates increase by 12%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from €7.09 to €7.96. Revenue forecast steady at €13.9b. Net income forecast to shrink 12% next year vs 15% growth forecast for Oil and Gas industry in Greece . Consensus price target up from €26.64 to €27.84. Share price fell 3.0% to €24.26 over the past week.
Price Target Changed • Dec 20Price target increased by 7.8% to €27.84Up from €25.83, the current price target is an average from 7 analysts. New target price is 15% above last closing price of €24.28. Stock is up 12% over the past year. The company is forecast to post earnings per share of €7.96 for next year compared to €8.82 last year.
Upcoming Dividend • Dec 11Upcoming dividend of €0.40 per share at 6.5% yieldEligible shareholders must have bought the stock before 18 December 2023. Payment date: 22 December 2023. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 6.5%. Within top quartile of Greek dividend payers (4.6%). Lower than average of industry peers (9.0%).
Major Estimate Revision • Nov 28Consensus revenue estimates increase by 12%The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from €12.3b to €13.7b. EPS estimate unchanged from €5.86 at last update. Oil and Gas industry in Greece expected to see average net income growth of 15% next year. Consensus price target of €26.41 unchanged from last update. Share price rose 11% to €24.76 over the past week.
Reported Earnings • Nov 23Third quarter 2023 earnings released: EPS: €4.06 (vs €2.92 in 3Q 2022)Third quarter 2023 results: EPS: €4.06 (up from €2.92 in 3Q 2022). Revenue: €4.04b (down 15% from 3Q 2022). Net income: €440.9m (up 37% from 3Q 2022). Profit margin: 11% (up from 6.7% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is expected to fall by 6.2% p.a. on average during the next 3 years compared to a 3.3% decline forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth.
お知らせ • Nov 08Motor Oil (Hellas) Corinth Refineries S.A. to Report Nine Months, 2023 Results on Nov 21, 2023Motor Oil (Hellas) Corinth Refineries S.A. announced that they will report nine months, 2023 results on Nov 21, 2023
New Risk • Aug 30New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.8% Last year net profit margin: 5.5% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 24% per year for the foreseeable future. Minor Risks High level of debt (59% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.8% net profit margin).
お知らせ • Aug 19Motor Oil (Hellas) Corinth Refineries S.A. to Report First Half, 2023 Results on Aug 29, 2023Motor Oil (Hellas) Corinth Refineries S.A. announced that they will report first half, 2023 results on Aug 29, 2023
Upcoming Dividend • Jun 19Upcoming dividend of €1.20 per share at 6.5% yieldEligible shareholders must have bought the stock before 26 June 2023. Payment date: 03 July 2023. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 6.5%. Within top quartile of Greek dividend payers (4.8%). Lower than average of industry peers (9.0%).
Major Estimate Revision • Jun 06Consensus revenue estimates decrease by 13%The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from €15.2b to €13.3b. EPS estimate unchanged from €3.76 per share at last update. Oil and Gas industry in Greece expected to see average net income decline 8.8% next year. Consensus price target down from €26.67 to €25.71. Share price fell 2.0% to €23.10 over the past week.
お知らせ • Jun 01Motor Oil (Hellas) Corinth Refineries S.A., Annual General Meeting, Jun 07, 2023Motor Oil (Hellas) Corinth Refineries S.A., Annual General Meeting, Jun 07, 2023, at 07:00 Coordinated Universal Time. Location: NJV Athens Plaza Hotel, 2 Vassileos Georgiou A Street, Zip Code 105 64, Syntagma Square, Athens Athens Greece
Reported Earnings • May 31First quarter 2023 earnings released: EPS: €2.19 (vs €1.79 in 1Q 2022)First quarter 2023 results: EPS: €2.19 (up from €1.79 in 1Q 2022). Revenue: €3.31b (up 1.5% from 1Q 2022). Net income: €237.4m (up 20% from 1Q 2022). Profit margin: 7.2% (up from 6.1% in 1Q 2022). Revenue is expected to fall by 4.3% p.a. on average during the next 3 years compared to a 5.0% decline forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Feb 02Price target increased by 7.2% to €26.37Up from €24.60, the current price target is an average from 6 analysts. New target price is 18% above last closing price of €22.40. Stock is up 56% over the past year. The company is forecast to post earnings per share of €8.41 for next year compared to €1.83 last year.
Buying Opportunity • Jan 25Now 20% undervaluedOver the last 90 days, the stock is up 29%. The fair value is estimated to be €27.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 87%. Revenue is forecast to grow by 0.3% in 2 years. Earnings is forecast to decline by 54% in the next 2 years.
