Etablissements Maurel & Prom S.A.

ENXTPA:MAU Stock Report

Market Cap: €994.0m

Etablissements Maurel & Prom Valuation

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

Valuation Score

6/6

Valuation Score 6/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

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 (€5.01) is trading below our estimate of fair value (€17.54)

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


Key Valuation Metric

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

Key metric: As MAU is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for MAU. This is calculated by dividing MAU's market cap by their current earnings.
What is MAU's PE Ratio?
PE Ratio4.1x
EarningsUS$258.20m
Market CapUS$1.05b

Price to Earnings Ratio vs Peers

How does MAU's PE Ratio compare to its 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.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average13.7x
EC TotalEnergies EP Gabon Société Anonyme
21.5xn/a€830.3m
FDE La Française de l'Energie
13.2x32.5%€127.9m
ES EssoF
2.4xn/a€1.3b
GTT Gaztransport & Technigaz
17.7x6.7%€5.1b
MAU Etablissements Maurel & Prom
4.1x-13.5%€994.0m

Price-To-Earnings vs Peers: MAU is good value based on its Price-To-Earnings Ratio (4.1x) compared to the peer average (13.7x).


Price to Earnings Ratio vs Industry

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

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
MAU 4.1xIndustry Avg. 8.8xNo. of Companies16PE0612182430+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MAU is good value based on its Price-To-Earnings Ratio (4.1x) compared to the European Oil and Gas industry average (8.7x).


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 Ratio4.1x
Fair PE Ratio5.7x

Price-To-Earnings vs Fair Ratio: MAU is good value based on its Price-To-Earnings Ratio (4.1x) compared to the estimated Fair Price-To-Earnings Ratio (5.7x).


Analyst Price Targets

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

The above table shows the analyst MAU forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€5.01
€6.23
+24.5%
12.2%€7.00€5.20n/a3
Nov ’25€4.84
€6.23
+28.7%
12.2%€7.00€5.20n/a3
Oct ’25€4.86
€6.23
+28.3%
12.2%€7.00€5.20n/a3
Sep ’25€5.27
€6.23
+18.4%
12.2%€7.00€5.20n/a3
Aug ’25€5.52
€6.07
+10.0%
18.9%€7.20€4.50n/a3
Jul ’25€6.34
€5.90
-6.9%
16.8%€6.70€4.50n/a3
Jun ’25€6.66
€5.90
-11.4%
16.8%€6.70€4.50n/a3
May ’25€5.98
€5.90
-1.3%
16.8%€6.70€4.50n/a3
Apr ’25€5.60
€5.73
+2.5%
16.0%€6.70€4.50n/a3
Mar ’25€5.10
€5.43
+6.6%
25.9%€6.80€3.50n/a3
Feb ’25€5.39
€6.20
+15.0%
31.4%€8.00€3.50n/a3
Jan ’25€6.09
€6.52
+7.0%
32.7%€8.05€3.50n/a3
Dec ’24€6.49
€6.52
+0.5%
32.7%€8.05€3.50€5.013
Nov ’24€5.72
€4.53
-20.7%
24.8%€6.10€3.50€4.843
Oct ’24€4.89
€4.29
-12.2%
18.5%€5.38€3.50€4.863
Sep ’24€4.49
€4.25
-5.4%
17.3%€5.25€3.50€5.273
Aug ’24€4.26
€4.25
-0.2%
17.3%€5.25€3.50€5.523
Jul ’24€3.91
€4.25
+8.8%
17.3%€5.25€3.50€6.343
Jun ’24€3.73
€4.25
+13.9%
17.3%€5.25€3.50€6.663
May ’24€3.47
€4.25
+22.5%
17.3%€5.25€3.50€5.983
Apr ’24€3.45
€4.25
+23.4%
17.3%€5.25€3.50€5.603
Mar ’24€3.59
€4.25
+18.4%
17.3%€5.25€3.50€5.103
Feb ’24€3.65
€4.25
+16.4%
17.3%€5.25€3.50€5.393
Jan ’24€4.02
€4.25
+5.9%
17.3%€5.25€3.50€6.093
Dec ’23€4.15
€4.25
+2.4%
17.3%€5.25€3.50€6.493

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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