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MRS

MRS OIL NIGERIANGSE:MRS Stock Report

Market Cap

₦4.6b

7D

0%

1Y

22.1%

Updated

18 Oct, 2021

Data

Company Financials
MRS fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

MRS Overview

MRS Oil Nigeria Plc markets and distributes refined petroleum products in Nigeria.

Price History & Performance

Summary of all time highs, changes and price drops for MRS OIL NIGERIA
Historical stock prices
Current Share Price₦15.20
52 Week High₦10.90
52 Week Low₦15.20
Beta-0.14
1 Month Change9.75%
3 Month Change20.64%
1 Year Change22.09%
3 Year Change-46.76%
5 Year Change-54.40%
Change since IPO543.77%

Recent News & Updates

Shareholder Returns

MRSNG Oil and GasNG Market
7D0%0.05%1.6%
1Y22.1%74.7%40.0%

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.

Price Volatility

Is MRS's price volatile compared to industry and market?
MRS volatility
MRS Beta-0.14
Industry Beta0.55
Market Beta1

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

FoundedEmployeesCEOWebsite
196996Marco Storarihttps://www.mrsoilnigplc.net

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

How do MRS OIL NIGERIA's earnings and revenue compare to its market cap?
MRS fundamental statistics
Market Cap₦4.63b
Earnings (TTM)-₦1.78b
Revenue (TTM)₦54.74b

0.08x

P/S Ratio

-2.6x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MRS income statement (TTM)
Revenue₦54.74b
Cost of Revenue₦51.20b
Gross Profit₦3.54b
Expenses₦5.33b
Earnings-₦1.78b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-5.85
Gross Margin6.47%
Net Profit Margin-3.26%
Debt/Equity Ratio7.5%

How did MRS perform over the long term?

See historical performance and comparison

Valuation

Is MRS OIL NIGERIA undervalued compared to its fair value and its price relative to the market?

49.7%

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).


Future Growth

How is MRS OIL NIGERIA forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-0.3%

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.


Past Performance

How has MRS OIL NIGERIA performed over the past 5 years?

-57.3%

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.


Financial Health

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.


Balance Sheet


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.


Dividend

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.


Next Steps

Management

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

1.2yrs

Average management tenure


CEO

Marco Storari

1.17yrs

Tenure

Mr. Marco Storari serves as Managing Director and Director at MRS OIL NIGERIA PLC since August 5, 2020.


Leadership Team

Experienced Management: MRS's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.


Board Members

Experienced Board: MRS's board of directors are considered experienced (4.5 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.


Ownership Breakdown

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


Top Shareholders

Company Information

MRS OIL NIGERIA PLC's employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • MRS OIL NIGERIA PLC
  • 2 TinCan Island Port Road
  • Apapa
  • Lagos
  • Nigeria

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/18 21:40
End of Day Share Price2021/10/18 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.