Maurel & Prom (ENXTPA:MAU): Assessing Valuation After Q3 Sales and Production Growth Update

Etablissements Maurel & Prom (ENXTPA:MAU) has released its sales and production numbers for the third quarter and the first nine months of 2025. Sales reached $200 million last quarter, while production increased compared to the same period last year.

See our latest analysis for Etablissements Maurel & Prom.

Despite the boost in production and fresh sales figures, Etablissements Maurel & Prom’s share price fell nearly 24% year-to-date, reflecting cautious sentiment. At the same time, the company’s 5-year total shareholder return of over 320% still highlights meaningful long-term growth for patient investors.

If updated numbers have you weighing new opportunities, it could be the perfect moment to broaden your search and discover fast growing stocks with high insider ownership

With shares trading almost 33% below analyst price targets and long-term growth evident, investors now face a pivotal question: Is Etablissements Maurel & Prom undervalued, or is the market already pricing in its next chapter?

Price-to-Earnings of 4.4x: Is it justified?

At a current price-to-earnings (P/E) ratio of 4.4x, Etablissements Maurel & Prom trades well below both its industry and peer group. With a last closing price of €4.50, the stock's multiple suggests a disconnect between near-term expectations and the company’s long-term earnings power.

The P/E ratio compares a company's share price to its earnings per share, and is widely used to gauge whether a stock is undervalued or overvalued relative to its profitability. For oil and gas companies, lower multiples can reflect cyclical risk or doubts about earnings sustainability, but they can also signal opportunity if future profits are steady or rising.

Compared to its sector, MAU’s 4.4x multiple is attractively low. The European oil and gas industry averages 13.8x, and direct peers average 17.9x. This gap to the industry and fair value benchmarks suggests the market could be overlooking Maurel & Prom’s profit base and financial strength. According to our fair ratio estimate, a multiple closer to 10.2x could be justified over time if the business delivers on core earnings metrics.

Explore the SWS fair ratio for Etablissements Maurel & Prom

Result: Price-to-Earnings of 4.4x (UNDERVALUED)

However, slower net income growth and a recent pullback in the share price could be a signal for caution for those betting on further immediate upside.

Find out about the key risks to this Etablissements Maurel & Prom narrative.

Another View: What Does the DCF Model Say?

Taking a different approach, our SWS DCF model estimates Etablissements Maurel & Prom’s fair value at €25.93 per share, which is far above the current price. This suggests the market may be significantly undervaluing the company based on its expected future cash flows. However, does this model reflect reality, or is the market considering risks that the model does not account for?

Look into how the SWS DCF model arrives at its fair value.

Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out Etablissements Maurel & Prom for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover undervalued stocks based on their cash flows. If you save a screener we even alert you when new companies match - so you never miss a potential opportunity.

Build Your Own Etablissements Maurel & Prom Narrative

If you see things differently or want to dig into the numbers yourself, you can craft your own take in just a few minutes with Do it your way

A great starting point for your Etablissements Maurel & Prom research is our analysis highlighting 3 key rewards and 2 important warning signs that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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