MRS Oil Nigeria Plc markets and distributes refined petroleum products in Nigeria.
Price History & Performance
|Historical stock prices|
|Current Share Price||₦15.20|
|52 Week High||₦10.90|
|52 Week Low||₦15.20|
|1 Month Change||9.75%|
|3 Month Change||20.64%|
|1 Year Change||22.09%|
|3 Year Change||-46.76%|
|5 Year Change||-54.40%|
|Change since IPO||543.77%|
Recent News & Updates
|MRS||NG Oil and Gas||NG Market|
Return vs Industry: MRS underperformed the NG Oil and Gas industry which returned 74.7% over the past year.
Return vs Market: MRS underperformed the NG Market which returned 40% over the past year.
Stable Share Price: MRS is not significantly more volatile than the rest of NG stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: MRS's weekly volatility (4%) has been stable over the past year.
About the Company
MRS Oil Nigeria Plc markets and distributes refined petroleum products in Nigeria. It operates through three segments: Retail/Commercial & Industrial; Aviation; and Lubricants. The Retail/Commercial & Industrial segment is involved in the sale and distribution of petroleum products to retail and industrial customers.
MRS OIL NIGERIA Fundamentals Summary
|MRS fundamental statistics|
Is MRS overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MRS income statement (TTM)|
|Cost of Revenue||₦51.20b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-5.85|
|Net Profit Margin||-3.26%|
How did MRS perform over the long term?See historical performance and comparison
Is MRS OIL NIGERIA undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MRS (NGN15.2) is trading below our estimate of fair value (NGN30.2)
Significantly Below Fair Value: MRS is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MRS is unprofitable, so we can't compare its PE Ratio to the African Oil and Gas industry average.
PE vs Market: MRS is unprofitable, so we can't compare its PE Ratio to the NG market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate MRS's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MRS is good value based on its PB Ratio (0.2x) compared to the NG Oil and Gas industry average (0.8x).
How is MRS OIL NIGERIA forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Energy industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as MRS OIL NIGERIA has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has MRS OIL NIGERIA performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MRS is currently unprofitable.
Growing Profit Margin: MRS is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: MRS is unprofitable, and losses have increased over the past 5 years at a rate of 57.3% per year.
Accelerating Growth: Unable to compare MRS's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: MRS is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (50.7%).
Return on Equity
High ROE: MRS has a negative Return on Equity (-9.42%), as it is currently unprofitable.
How is MRS OIL NIGERIA's financial position?
Financial Position Analysis
Short Term Liabilities: MRS's short term assets (NGN17.0B) exceed its short term liabilities (NGN14.8B).
Long Term Liabilities: MRS's short term assets (NGN17.0B) exceed its long term liabilities (NGN776.4M).
Debt to Equity History and Analysis
Debt Level: MRS's debt to equity ratio (7.5%) is considered satisfactory.
Reducing Debt: MRS's debt to equity ratio has reduced from 125.9% to 7.5% over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable MRS has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: MRS is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 6.9% per year.
What is MRS OIL NIGERIA current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MRS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MRS'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 MRS's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MRS's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: MRS is not paying a notable dividend for the NG market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MRS's dividend in 3 years as they are not forecast to pay a notable one for the NG market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Marco Storari serves as Managing Director and Director at MRS OIL NIGERIA PLC since August 5, 2020.
Experienced Management: MRS's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.
Experienced Board: MRS's board of directors are considered experienced (4.5 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
MRS OIL NIGERIA PLC's employee growth, exchange listings and data sources
- Name: MRS OIL NIGERIA PLC
- Ticker: MRS
- Exchange: NGSE
- Founded: 1969
- Industry: Oil and Gas Refining and Marketing
- Sector: Energy
- Market Cap: ₦4.633b
- Shares outstanding: 304.79m
- Website: https://www.mrsoilnigplc.net
Number of Employees
- MRS OIL NIGERIA PLC
- 2 TinCan Island Port Road
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/18 21:40|
|End of Day Share Price||2021/10/18 00:00|
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.