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MAU

Etablissements Maurel & Prom ENXTPA:MAU Stock Report

Last Price

€4.01

Market Cap

€791.5m

7D

1.3%

1Y

74.9%

Updated

30 Sep, 2022

Data

Company Financials +
MAU fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance6/6
Financial Health5/6
Dividends3/6

MAU Stock Overview

Etablissements Maurel & Prom S.A., an oil and gas exploration company, engages in the exploration and production of hydrocarbons.

Etablissements Maurel & Prom Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Etablissements Maurel & Prom
Historical stock prices
Current Share Price€4.01
52 Week High€5.64
52 Week Low€2.11
Beta1.38
1 Month Change-20.54%
3 Month Change-3.84%
1 Year Change74.89%
3 Year Change46.43%
5 Year Change6.52%
Change since IPO114.63%

Recent News & Updates

Aug 24
Calculating The Fair Value Of Etablissements Maurel & Prom S.A. (EPA:MAU)

Calculating The Fair Value Of Etablissements Maurel & Prom S.A. (EPA:MAU)

Does the August share price for Etablissements Maurel & Prom S.A. ( EPA:MAU ) reflect what it's really worth? Today, we...

Shareholder Returns

MAUFR Oil and GasFR Market
7D1.3%-3.5%-3.7%
1Y74.9%16.4%-13.4%

Return vs Industry: MAU exceeded the French Oil and Gas industry which returned 16.4% over the past year.

Return vs Market: MAU exceeded the French Market which returned -13.4% over the past year.

Price Volatility

Is MAU's price volatile compared to industry and market?
MAU volatility
MAU Average Weekly Movement7.3%
Oil and Gas Industry Average Movement5.8%
Market Average Movement4.8%
10% most volatile stocks in FR Market9.1%
10% least volatile stocks in FR Market2.7%

Stable Share Price: MAU is more volatile than 75% of French stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: MAU's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of French stocks.

About the Company

FoundedEmployeesCEOWebsite
1831595Olivier de Langavanthttps://www.maureletprom.fr

Etablissements Maurel & Prom S.A., an oil and gas exploration company, engages in the exploration and production of hydrocarbons. It operates through three segments: Exploration, Production, and Drilling. As of December 31, 2021, the company had proven and probable reserves of 171 million barrels of oil equivalent.

Etablissements Maurel & Prom Fundamentals Summary

How do Etablissements Maurel & Prom's earnings and revenue compare to its market cap?
MAU fundamental statistics
Market Cap€791.45m
Earnings (TTM)€229.49m
Revenue (TTM)€679.90m

3.4x

P/E Ratio

1.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MAU income statement (TTM)
RevenueUS$666.70m
Cost of RevenueUS$0
Gross ProfitUS$666.70m
Other ExpensesUS$441.66m
EarningsUS$225.04m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.14
Gross Margin100.00%
Net Profit Margin33.75%
Debt/Equity Ratio56.5%

How did MAU perform over the long term?

See historical performance and comparison

Dividends

3.4%

Current Dividend Yield

14%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is MAU undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MAU?

Other financial metrics that can be useful for relative valuation.

MAU key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.5x
Enterprise Value/EBITDA2.4x
PEG Ratio-0.09x

Price to Earnings Ratio vs Peers

How does MAU's PE Ratio compare to its peers?

MAU PE Ratio vs Peers
The above table shows the PE ratio for MAU vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average33.4x
EC TotalEnergies EP Gabon Société anonyme
11.9xn/a€539.5m
FDE La Française de l'Energie
86.7x39.6%€240.9m
ES EssoF
0.4xn/a€574.6m
GTT Gaztransport & Technigaz
34.4x23.2%€4.2b
MAU Etablissements Maurel & Prom
3.4x-37.7%€791.5m

Price-To-Earnings vs Peers: MAU is good value based on its Price-To-Earnings Ratio (3.4x) compared to the peer average (33.4x).


Price to Earnings Ratio vs Industry

How does MAU's PE Ratio compare vs other companies in the European Oil and Gas Industry?

Price-To-Earnings vs Industry: MAU is good value based on its Price-To-Earnings Ratio (3.4x) compared to the European Oil and Gas industry average (5.5x)


Price to Earnings Ratio vs Fair Ratio

What is MAU's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MAU PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio3.4x
Fair PE Ratio5.9x

Price-To-Earnings vs Fair Ratio: MAU is good value based on its Price-To-Earnings Ratio (3.4x) compared to the estimated Fair Price-To-Earnings Ratio (5.9x).


Share Price vs Fair Value

What is the Fair Price of MAU when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MAU (€4.01) is trading below our estimate of fair value (€5.36)

Significantly Below Fair Value: MAU is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is less than 20% higher than the current share price.


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Future Growth

How is Etablissements Maurel & Prom forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-37.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MAU's earnings are forecast to decline over the next 3 years (-37.7% per year).

Earnings vs Market: MAU's earnings are forecast to decline over the next 3 years (-37.7% per year).

High Growth Earnings: MAU's earnings are forecast to decline over the next 3 years.

Revenue vs Market: MAU's revenue is expected to decline over the next 3 years (-8.7% per year).

High Growth Revenue: MAU's revenue is forecast to decline over the next 3 years (-8.7% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MAU's Return on Equity is forecast to be low in 3 years time (9.6%).


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Past Performance

How has Etablissements Maurel & Prom performed over the past 5 years?

Past Performance Score

6/6

Past Performance Score 6/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-6.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MAU has high quality earnings.

Growing Profit Margin: MAU's current net profit margins (33.8%) are higher than last year (12.3%).


Past Earnings Growth Analysis

Earnings Trend: MAU has become profitable over the past 5 years, growing earnings by -6.7% per year.

Accelerating Growth: MAU's earnings growth over the past year (385.6%) exceeds its 5-year average (-6.7% per year).

Earnings vs Industry: MAU earnings growth over the past year (385.6%) exceeded the Oil and Gas industry 217.9%.


Return on Equity

High ROE: MAU's Return on Equity (28.3%) is considered high.


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Financial Health

How is Etablissements Maurel & Prom's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: MAU's short term assets ($450.8M) do not cover its short term liabilities ($634.8M).

Long Term Liabilities: MAU's short term assets ($450.8M) exceed its long term liabilities ($328.6M).


Debt to Equity History and Analysis

Debt Level: MAU's net debt to equity ratio (25.3%) is considered satisfactory.

Reducing Debt: MAU's debt to equity ratio has reduced from 72% to 56.5% over the past 5 years.

Debt Coverage: MAU's debt is well covered by operating cash flow (93.1%).

Interest Coverage: MAU's interest payments on its debt are well covered by EBIT (18.1x coverage).


Balance Sheet


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Dividend

What is Etablissements Maurel & Prom current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


3.42%

Current Dividend Yield

Dividend Yield vs Market

Etablissements Maurel & Prom Dividend Yield vs Market
How does Etablissements Maurel & Prom dividend yield compare to the market?
SegmentDividend Yield
Company (Etablissements Maurel & Prom)3.4%
Market Bottom 25% (FR)2.0%
Market Top 25% (FR)6.1%
Industry Average (Oil and Gas)5.9%
Analyst forecast in 3 Years (Etablissements Maurel & Prom)4.6%

Notable Dividend: MAU's dividend (3.42%) is higher than the bottom 25% of dividend payers in the French market (2.04%).

High Dividend: MAU's dividend (3.42%) is low compared to the top 25% of dividend payers in the French market (6.13%).


Stability and Growth of Payments

Stable Dividend: MAU's dividend payments have been volatile in the past 10 years.

Growing Dividend: MAU's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (14%), MAU's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (11.4%), MAU's dividend payments are thoroughly covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

2.8yrs

Average management tenure


CEO

Olivier de Langavant (65 yo)

2.83yrs

Tenure

US$1,538,272

Compensation

Mr. Olivier Cleret de Langavant serves as Non-Executive Director at Seplat Energy Plc (formerly known as Seplat Petroleum Development Company Plc) since January 28, 2020. He serves as Chief Executive Offic...


CEO Compensation Analysis

Olivier de Langavant's Compensation vs Etablissements Maurel & Prom Earnings
How has Olivier de Langavant's remuneration changed compared to Etablissements Maurel & Prom's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

US$225m

Mar 31 2022n/an/a

US$172m

Dec 31 2021US$2mUS$512k

US$120m

Sep 30 2021n/an/a

US$83m

Jun 30 2021n/an/a

US$46m

Mar 31 2021n/an/a

-US$271m

Dec 31 2020US$1mUS$550k

-US$589m

Sep 30 2020n/an/a

-US$594m

Jun 30 2020n/an/a

-US$599m

Mar 31 2020n/an/a

-US$281m

Dec 31 2019US$954kUS$84k

US$37m

Compensation vs Market: Olivier's total compensation ($USD1.54M) is above average for companies of similar size in the French market ($USD524.50K).

Compensation vs Earnings: Olivier's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: MAU's management team is considered experienced (2.8 years average tenure).


Board Members

Experienced Board: MAU's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

What is the ownership structure of MAU?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders125,3030.06%
Institutions6,125,8533.1%
General Public48,282,91724.4%
Private Companies143,082,38972.4%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 75.55% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
72.4%
PT Pertamina (Persero)
143,082,389$573.0m0%no data
0.98%
The Vanguard Group, Inc.
1,945,917$7.8m6.85%no data
0.97%
Dimensional Fund Advisors LP
1,913,056$7.7m0.77%no data
0.35%
BlackRock, Inc.
692,065$2.8m2.37%no data
0.2%
RAM Active Investments S.A.
389,574$1.6m0%0.18%
0.092%
Teachers Insurance and Annuity Association-College Retirement Equities Fund
182,030$729.0k0%no data
0.07%
American Century Investment Management Inc
139,302$557.9k16.26%no data
0.059%
Olivier de Langavant
117,287$469.7k0%no data
0.056%
Amundi Asset Management
110,000$440.6k0%no data
0.048%
Charles Schwab Investment Management, Inc.
95,686$383.2k1.92%no data
0.044%
FinLABO SIM S.p.A., Asset Management Arm
87,000$348.4k0%0.5%
0.04%
Stratege Finance
80,000$320.4k0%5.28%
0.038%
Bessemer Investment Management LLC
75,531$302.5k127.98%no data
0.031%
Tocqueville Finance S.A.
61,636$246.9k-67.04%0.01%
0.026%
Mercer Global Investments Europe Limited
51,908$207.9k0%no data
0.025%
GSD Gestion
50,000$200.3k0%1.6%
0.024%
ID-Sparinvest, Filial af Sparinvest S.A., Luxembourg
46,650$186.8k83.29%no data
0.02%
Credit Suisse Asset Management (Switzerland)
39,533$158.3k0%no data
0.017%
AXA Towarzystwo Funduszy Inwestycyjnych S.A.
33,400$133.8k33.6%0.07%
0.013%
Acadian Asset Management LLC
26,391$105.7k0%no data
0.01%
J.Chahine Advisory
19,840$79.5k0%0.01%
0.0089%
Geode Capital Management, LLC
17,665$70.7k0%no data
0.0077%
Edgehill Partners
15,200$60.9k0%0.01%
0.0076%
Finexis S.A.
15,049$60.3k0%0.55%
0.0066%
UBS Asset Management
13,045$52.2k0%no data

Company Information

Etablissements Maurel & Prom S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Etablissements Maurel & Prom S.A.
  • Ticker: MAU
  • Exchange: ENXTPA
  • Founded: 1831
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Implied Market Cap: €791.454m
  • Shares outstanding: 197.62m
  • Website: https://www.maureletprom.fr

Number of Employees


Location

  • Etablissements Maurel & Prom S.A.
  • 51 rue d’Anjou
  • Paris
  • Ile-de-France
  • 75008
  • France


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MAUENXTPA (Euronext Paris)YesCommon StockFREURJan 1992
ETXDB (Deutsche Boerse AG)YesCommon StockDEEURJan 1992
0F6LLSE (London Stock Exchange)YesCommon StockGBEURJan 1992
MAUPBATS-CHIXE (BATS 'Chi-X Europe')YesCommon StockGBEURJan 1992
EBLM.YOTCPK (Pink Sheets LLC)ADRUSUSDMar 2016

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/30 00:00
End of Day Share Price2022/09/30 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.