MOH

Motor Oil (Hellas) Corinth RefineriesATSE:MOH Stock Report

Market Cap

€1.5b

7D

3.0%

1Y

16.6%

Updated

18 Sep, 2021

Data

Company Financials +
MOH fundamental analysis
Snowflake Score
Valuation5/6
Future Growth2/6
Past Performance2/6
Financial Health4/6
Dividends0/6

MOH Overview

Motor Oil (Hellas) Corinth Refineries S.A.

Price History & Performance

Summary of all time highs, changes and price drops for Motor Oil (Hellas) Corinth Refineries
Historical stock prices
Current Share Price€13.60
52 Week High€7.60
52 Week Low€15.03
Beta1.49
1 Month Change2.49%
3 Month Change-8.05%
1 Year Change16.64%
3 Year Change-39.82%
5 Year Change34.65%
Change since IPO41.67%

Recent News & Updates

Sep 09
Is Motor Oil (Hellas) Corinth Refineries S.A. (ATH:MOH) Trading At A 43% Discount?

Is Motor Oil (Hellas) Corinth Refineries S.A. (ATH:MOH) Trading At A 43% Discount?

In this article we are going to estimate the intrinsic value of Motor Oil (Hellas) Corinth Refineries S.A. ( ATH:MOH...

Jul 26
Motor Oil (Hellas) Corinth Refineries (ATH:MOH) Has A Somewhat Strained Balance Sheet

Motor Oil (Hellas) Corinth Refineries (ATH:MOH) Has A Somewhat Strained Balance Sheet

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Jun 20
Industry Analysts Just Made A Notable Upgrade To Their Motor Oil (Hellas) Corinth Refineries S.A. (ATH:MOH) Revenue Forecasts

Industry Analysts Just Made A Notable Upgrade To Their Motor Oil (Hellas) Corinth Refineries S.A. (ATH:MOH) Revenue Forecasts

Shareholders in Motor Oil (Hellas) Corinth Refineries S.A. ( ATH:MOH ) may be thrilled to learn that the analysts have...

Shareholder Returns

MOHGR Oil and GasGR Market
7D3.0%2.6%1.4%
1Y16.6%38.8%-14.0%

Return vs Industry: MOH underperformed the Greek Oil and Gas industry which returned 38.8% over the past year.

Return vs Market: MOH exceeded the Greek Market which returned -14.1% over the past year.

Price Volatility

Is MOH's price volatile compared to industry and market?
MOH volatility
MOH Beta1.49
Industry Beta0.97
Market Beta1

Stable Share Price: MOH is less volatile than 75% of Greek stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: MOH's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19702,927Yannis Vardinoyannishttps://www.moh.gr

Motor Oil (Hellas) Corinth Refineries S.A. engages in oil refining and oil products trading in Greece and internationally. It operates through three segments: Refinery’s Activities, Sales to/from Gas Stations, and Services. The company produces and sells liquid fuels, lubricants, and asphalt for transportation, industrial, and household use.

Motor Oil (Hellas) Corinth Refineries Fundamentals Summary

How do Motor Oil (Hellas) Corinth Refineries's earnings and revenue compare to its market cap?
MOH fundamental statistics
Market Cap€1.50b
Earnings (TTM)€160.04m
Revenue (TTM)€7.44b

9.4x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MOH income statement (TTM)
Revenue€7.44b
Cost of Revenue€6.86b
Gross Profit€588.04m
Expenses€428.01m
Earnings€160.04m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.45
Gross Margin7.90%
Net Profit Margin2.15%
Debt/Equity Ratio173.2%

How did MOH perform over the long term?

See historical performance and comparison

Valuation

Is Motor Oil (Hellas) Corinth Refineries undervalued compared to its fair value and its price relative to the market?

40.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MOH (€13.6) is trading below our estimate of fair value (€22.96)

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


Price To Earnings Ratio

PE vs Industry: MOH is good value based on its PE Ratio (9.4x) compared to the European Oil and Gas industry average (11.4x).

PE vs Market: MOH is good value based on its PE Ratio (9.4x) compared to the Greek market (20.2x).


Price to Earnings Growth Ratio

PEG Ratio: MOH is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: MOH is overvalued based on its PB Ratio (1.4x) compared to the XE Oil and Gas industry average (1x).


Future Growth

How is Motor Oil (Hellas) Corinth Refineries forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

18.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MOH's forecast earnings growth (18.8% per year) is above the savings rate (3.9%).

Earnings vs Market: MOH's earnings (18.8% per year) are forecast to grow slower than the Greek market (29.7% per year).

High Growth Earnings: MOH's earnings are forecast to grow, but not significantly.

Revenue vs Market: MOH's revenue is expected to decline over the next 3 years (-0.6% per year).

High Growth Revenue: MOH's revenue is forecast to decline over the next 3 years (-0.6% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MOH's Return on Equity is forecast to be high in 3 years time (20.1%)


Past Performance

How has Motor Oil (Hellas) Corinth Refineries performed over the past 5 years?

-29.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MOH has high quality earnings.

Growing Profit Margin: MOH became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: MOH's earnings have declined by 29% per year over the past 5 years.

Accelerating Growth: MOH has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: MOH has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (3.9%).


Return on Equity

High ROE: MOH's Return on Equity (14.4%) is considered low.


Financial Health

How is Motor Oil (Hellas) Corinth Refineries's financial position?


Financial Position Analysis

Short Term Liabilities: MOH's short term assets (€2.1B) exceed its short term liabilities (€1.6B).

Long Term Liabilities: MOH's short term assets (€2.1B) exceed its long term liabilities (€1.7B).


Debt to Equity History and Analysis

Debt Level: MOH's debt to equity ratio (173.2%) is considered high.

Reducing Debt: MOH's debt to equity ratio has reduced from 191.6% to 173.2% over the past 5 years.

Debt Coverage: MOH's debt is not well covered by operating cash flow (10.6%).

Interest Coverage: MOH's interest payments on its debt are well covered by EBIT (5.1x coverage).


Balance Sheet


Dividend

What is Motor Oil (Hellas) Corinth Refineries's current dividend yield, its reliability and sustainability?

8.93%

Forecast Dividend Yield


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: MOH is not paying a notable dividend for the Greek market.


Future Payout to Shareholders

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


Next Steps

Management

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

6.6yrs

Average management tenure


CEO

Yannis Vardinoyannis (59 yo)

0.67

Tenure

Mr. Yannis V. Vardinoyannis has been Executive Vice Chairman of the board at Motor Oil (Hellas) Corinth Refineries S.A. since 2005. He serves as Managing Director at Motor Oil (Hellas) Corinth Refineries S...


Leadership Team

Experienced Management: MOH's management team is seasoned and experienced (6.6 years average tenure).


Board Members

Experienced Board: MOH's board of directors are considered experienced (7.1 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.


Ownership Breakdown

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


Top Shareholders

Company Information

Motor Oil (Hellas) Corinth Refineries S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Motor Oil (Hellas) Corinth Refineries S.A.
  • Ticker: MOH
  • Exchange: ATSE
  • Founded: 1970
  • Industry: Oil and Gas Refining and Marketing
  • Sector: Energy
  • Market Cap: €1.503b
  • Shares outstanding: 110.54m
  • Website: https://www.moh.gr

Number of Employees


Location

  • Motor Oil (Hellas) Corinth Refineries S.A.
  • Irodou Attikou 12A
  • Marousi
  • 151 24
  • Greece

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/18 16:21
End of Day Share Price2021/09/17 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.