ATSE:MOH

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Motor Oil (Hellas) Corinth Refineries

Executive Summary

Motor Oil (Hellas) Corinth Refineries S.A.


Snowflake Analysis

Average dividend payer with moderate growth potential.

Share Price & News

How has Motor Oil (Hellas) Corinth Refineries's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-0.4%

MOH

3.1%

GR Oil and Gas

2.3%

GR Market


1 Year Return

-47.7%

MOH

-28.3%

GR Oil and Gas

-21.2%

GR Market

Return vs Industry: MOH underperformed the Greek Oil and Gas industry which returned -28.2% over the past year.

Return vs Market: MOH underperformed the Greek Market which returned -21.2% over the past year.


Shareholder returns

MOHIndustryMarket
7 Day-0.4%3.1%2.3%
30 Day-10.5%-4.1%-1.0%
90 Day-9.8%-2.4%4.9%
1 Year-43.7%-47.7%-23.9%-28.3%-18.0%-21.2%
3 Year-27.6%-40.9%-1.4%-15.4%-12.4%-20.0%
5 Year78.0%28.8%11.8%-13.9%-40.8%-45.2%

Price Volatility Vs. Market

How volatile is Motor Oil (Hellas) Corinth Refineries's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

50.42x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MOH (€11.4) is trading above our estimate of fair value (€10.77)

Significantly Below Fair Value: MOH is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: MOH is poor value based on its PE Ratio (50.4x) compared to the XE Oil and Gas industry average (8x).

PE vs Market: MOH is poor value based on its PE Ratio (50.4x) compared to the Greek market (14.1x).


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 (1.2x) compared to the XE Oil and Gas industry average (0.6x).


Next Steps

Future Growth

How is Motor Oil (Hellas) Corinth Refineries forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

92.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MOH's forecast earnings growth (92.3% per year) is above the savings rate (5.7%).

Earnings vs Market: MOH's earnings (92.3% per year) are forecast to grow faster than the Greek market (29.8% per year).

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

Revenue vs Market: MOH's revenue (4% per year) is forecast to grow slower than the Greek market (4.3% per year).

High Growth Revenue: MOH's revenue (4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MOH's Return on Equity is forecast to be low in 3 years time (16.7%).


Next Steps

Past Performance

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

10.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MOH has high quality earnings.

Growing Profit Margin: MOH's current net profit margins (0.3%) are lower than last year (3.3%).


Past Earnings Growth Analysis

Earnings Trend: MOH has become profitable over the past 5 years, growing earnings by 10.7% per year.

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

Earnings vs Industry: MOH had negative earnings growth (-92.2%) over the past year, making it difficult to compare to the Oil and Gas industry average (-15.8%).


Return on Equity

High ROE: MOH's Return on Equity (2%) is considered low.


Next Steps

Financial Health

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


Financial Position Analysis

Short Term Liabilities: MOH's short term assets (€2.0B) exceed its short term liabilities (€874.7M).

Long Term Liabilities: MOH's short term assets (€2.0B) exceed its long term liabilities (€1.5B).


Debt to Equity History and Analysis

Debt Level: MOH's debt to equity ratio (131%) is considered high.

Reducing Debt: MOH's debt to equity ratio has reduced from 322.1% to 131% over the past 5 years.

Debt Coverage: MOH's debt is not well covered by operating cash flow (2.9%).

Interest Coverage: MOH's interest payments on its debt are not well covered by EBIT (2.5x coverage).


Balance Sheet


Next Steps

Dividend

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

10.09%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MOH's dividend (10.09%) is higher than the bottom 25% of dividend payers in the Greek market (2.3%).

High Dividend: MOH's dividend (10.09%) is in the top 25% of dividend payers in the Greek market (5.73%)


Stability and Growth of Payments

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

Growing Dividend: MOH's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (508.6%), MOH's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: MOH's dividends in 3 years are forecast to be covered by earnings (53.5% payout ratio).


Next Steps

Management

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

5.5yrs

Average management tenure


CEO

Vardis Vardinoyannis (87 yo)

no data

Tenure

Mr. Vardis John Vardinoyannis serves as the Chairman, Managing Director and Chief Executive Representative at Motor Oil Hellas Corinth Refineries SA. Mr. Vardinoyannis is one of the founders of Motor Oil H ...


Leadership Team

NamePositionTenureCompensationOwnership
Vardis Vardinoyannis
Chairman & MDno datano datano data
Yannis Vardinoyannis
Executive Vice Chairman5.58yrsno datano data
Petros Tzannetakis
Deputy MDno datano datano data
Theodoros Porfiris
Chief Accountantno datano datano data
Nikos Giannakakis
GM of Information Technology & Chief Information Officer1.58yrsno datano data
Mary Psyllaki
Investor Relations Officerno datano datano data
Theofanis Voutsaras
GM of Human Resources & Executive Director9.67yrsno datano data
Ioannis Dimakis
Head of Shareholders’ Office & Corporate Announcements Officerno datano datano data
John Kosmadakis
Deputy MD & Director14.25yrsno datano data
Michael-Matheos Stiakakis
GM of Refinery & Executive Director9.42yrsno datano data
Spyros Balezos
Group Banking Manager & Treasurerno datano datano data
Philip Malergos
Financial Controllerno datano datano data

5.5yrs

Average Tenure

65yo

Average Age

Experienced Management: MOH's management team is seasoned and experienced (5.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Vardis Vardinoyannis
Chairman & MDno datano datano data
Yannis Vardinoyannis
Executive Vice Chairman5.58yrsno datano data
Petros Tzannetakis
Deputy MDno datano datano data
Theofanis Voutsaras
GM of Human Resources & Executive Director9.67yrsno datano data
John Kosmadakis
Deputy MD & Director14.25yrsno datano data
Michael-Matheos Stiakakis
GM of Refinery & Executive Director9.42yrsno datano data
Georgios Alexandridis
Non-Executive Directorno datano datano data
Demosthenes Vardinoyannis
Non-Executive Director1.17yrsno datano data
Antonios Theocharis
Non Executive Independent Director14.25yrsno datano data
Niki Stoufi
Non-Executive Directorno datano datano data
Anastasios-Elias Triandaphyllidis
Non Executive Independent Director5.08yrsno datano data
Panayotis Constantaras
Non Executive Independent Director2.58yrsno datano data

7.5yrs

Average Tenure

68yo

Average Age

Experienced Board: MOH's board of directors are considered experienced (7.5 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Motor Oil (Hellas) Corinth Refineries S.A.'s company bio, 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: €1.262b
  • Shares outstanding: 110.69m
  • Website: https://www.moh.gr

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MHZDB (Deutsche Boerse AG)YesOrdinary SharesDEEURAug 2001
MOHATSE (The Athens Stock Exchange)YesOrdinary SharesGREURAug 2001
0MQTLSE (London Stock Exchange)YesOrdinary SharesGBEURAug 2001
MOHC.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDAug 2001
MOHC.YOTCPK (Pink Sheets LLC)UNSPONSORED ADRUSUSDOct 2008

Biography

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 Stati ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/07 20:56
End of Day Share Price2020/08/07 00:00
Earnings2020/03/31
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.