ENXTPA:MAU

Stock Analysis Report

Etablissements Maurel & Prom

Executive Summary

Établissements Maurel & Prom S.A., an oil and gas company, engages in the exploration and production of hydrocarbons in Gabon, Tanzania, Angola, and internationally.


Snowflake Analysis

Undervalued with moderate growth potential.


Similar Companies

Share Price & News

How has Etablissements Maurel & Prom's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MAU's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

6.7%

MAU

-2.8%

FR Oil and Gas

1.8%

FR Market


1 Year Return

-52.5%

MAU

-31.6%

FR Oil and Gas

-17.5%

FR Market

Return vs Industry: MAU underperformed the French Oil and Gas industry which returned -33% over the past year.

Return vs Market: MAU underperformed the French Market which returned -19.6% over the past year.


Shareholder returns

MAUIndustryMarket
7 Day6.7%-2.8%1.8%
30 Day-22.2%-7.9%-12.1%
90 Day-44.3%-31.5%-24.9%
1 Year-51.8%-52.5%-27.3%-31.6%-14.6%-17.5%
3 Year-52.2%-52.9%-16.0%-28.6%1.8%-7.6%
5 Year-79.6%-79.9%-8.5%-30.1%8.3%-7.2%

Price Volatility Vs. Market

How volatile is Etablissements Maurel & Prom's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Etablissements Maurel & Prom undervalued compared to its fair value and its price relative to the market?

41.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MAU (€1.63) is trading below our estimate of fair value (€2.79)

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


Price To Earnings Ratio

PE vs Industry: MAU is poor value based on its PE Ratio (9.2x) compared to the Oil and Gas industry average (8.8x).

PE vs Market: MAU is good value based on its PE Ratio (9.2x) compared to the French market (13.6x).


Price to Earnings Growth Ratio

PEG Ratio: MAU is good value based on its PEG Ratio (0.3x)


Price to Book Ratio

PB vs Industry: MAU is good value based on its PB Ratio (0.3x) compared to the FR Oil and Gas industry average (0.6x).


Next Steps

Future Growth

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

32.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MAU's forecast earnings growth (32.2% per year) is above the savings rate (-0.1%).

Earnings vs Market: MAU's earnings (32.2% per year) are forecast to grow faster than the French market (12.2% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: MAU's revenue is expected to decline over the next 3 years (-0.2% per year).

High Growth Revenue: MAU's revenue is forecast to decline over the next 3 years (-0.2% 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 (8.1%).


Next Steps

Past Performance

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

53.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MAU has high quality earnings.

Growing Profit Margin: MAU's current net profit margins (7.4%) are lower than last year (13.2%).


Past Earnings Growth Analysis

Earnings Trend: MAU's earnings have grown significantly by 53% per year over the past 5 years.

Accelerating Growth: MAU's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MAU had negative earnings growth (-35.6%) over the past year, making it difficult to compare to the Oil and Gas industry average (0.4%).


Return on Equity

High ROE: MAU's Return on Equity (3.1%) is considered low.


Next Steps

Financial Health

How is Etablissements Maurel & Prom's financial position?


Financial Position Analysis

Short Term Liabilities: MAU's short term assets ($536.9M) exceed its short term liabilities ($394.7M).

Long Term Liabilities: MAU's short term assets ($536.9M) do not cover its long term liabilities ($1.0B).


Debt to Equity History and Analysis

Debt Level: MAU's debt to equity ratio (61.4%) is considered high.

Reducing Debt: MAU's debt to equity ratio has reduced from 74.9% to 61.4% over the past 5 years.

Debt Coverage: MAU's debt is well covered by operating cash flow (23.1%).

Interest Coverage: MAU's interest payments on its debt are not well covered by EBIT (2.8x coverage).


Balance Sheet


Next Steps

Dividend

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

0.71%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate MAU's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate MAU's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MAU's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MAU's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: MAU is not paying a notable dividend for the French market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MAU's dividend in 3 years as they are not forecast to pay a notable one for the French market.


Next Steps

Management

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

7.3yrs

Average management tenure


CEO

Olivier de Langavant

0.42

Tenure

Mr. Olivier Cleret de Langavant serves as Non-Executive Director at Seplat Petroleum Development Company Plc since January 28, 2020. He serves as Chief Executive Officer at Etablissements Maurel & Prom S.A ...


Leadership Team

NamePositionTenureCompensationOwnership
Olivier de Langavant
Chief Executive Officer0.42yrno datano data
Philippe Corlay
Chief Operating Officer7.25yrsno datano data
Paul-Andre Canel
Executive Officer7.25yrsno datano data

7.3yrs

Average Tenure

Experienced Management: MAU's management team is seasoned and experienced (7.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Roman Gozalo
Independent Director11.83yrsUS$83.20k0.00076% $2.4k
Nathalie Delapalme
Independent Director9.92yrsUS$85.32k0.00026% $831.1
Carole Delorme d'Armaillé
Independent Director7.08yrsUS$58.03k0.00051% $1.6k
Denie Tampubolon
Director3.67yrsUS$53.53kno data
Aussie Gautama
Chairman of the Board3yrsUS$181.48kno data
Narendra Widjajanto
Director1.25yrsno datano data
Ida Yusmiati
Director1.25yrsno datano data

3.7yrs

Average Tenure

59yo

Average Age

Experienced Board: MAU's board of directors are considered experienced (3.7 years average tenure).


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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.1%.


Top Shareholders

Company Information

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


Key Information

  • Name: Etablissements Maurel & Prom S.A.
  • Ticker: MAU
  • Exchange: ENXTPA
  • Founded: 1813
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: €319.663m
  • Shares outstanding: 196.11m
  • 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
MREL.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJan 1992

Biography

Établissements Maurel & Prom S.A., an oil and gas company, engages in the exploration and production of hydrocarbons in Gabon, Tanzania, Angola, and internationally. It operates in three segments: Exploration, Production, and Drilling. As of December 31, 2019, the company had proven and probable oil reserves of 192 million barrels of oil equivalent. The company was founded in 1813 and is headquartered in Paris, France. Établissements Maurel & Prom S.A. is a subsidiary of PT Pertamina Internasional Eksplorasi dan Produksi. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/07 22:28
End of Day Share Price2020/04/07 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.