MRS Oil Nigeria Plc

NGSE:MRS Stock Report

Market Cap: ₦61.7b

MRS Oil Nigeria Past Earnings Performance

Past criteria checks 3/6

MRS Oil Nigeria has been growing earnings at an average annual rate of 73.1%, while the Oil and Gas industry saw earnings growing at 14.3% annually. Revenues have been growing at an average rate of 36.9% per year. MRS Oil Nigeria's return on equity is 24.4%, and it has net margins of 2.1%.

Key information

73.1%

Earnings growth rate

73.1%

EPS growth rate

Oil and Gas Industry Growth38.5%
Revenue growth rate36.9%
Return on equity24.4%
Net Margin2.1%
Last Earnings Update30 Sep 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How MRS Oil Nigeria makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NGSE:MRS Revenue, expenses and earnings (NGN Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 24330,1406,8319,3350
30 Jun 24230,6824,5646,8940
31 Mar 24230,6824,5647,2630
31 Dec 23182,3114,0496,2330
30 Sep 23132,5073,9745,0560
30 Jun 2388,9072,4394,1550
31 Mar 23113,6722,8335,0220
31 Dec 22100,7801,3164,6640
30 Sep 2287,8951,0843,6510
30 Jun 2277,8885403,4640
31 Mar 2272,5232943,7800
31 Dec 2171,9763403,9240
30 Sep 2163,214-1,3435,9180
30 Jun 2154,743-1,7835,3790
31 Mar 2141,254-1,2044,4040
31 Dec 2041,981-2,2645,1190
30 Sep 2050,288-1,3655,4050
30 Jun 2059,756-9525,5980
31 Mar 2070,134-1,9386,8220
31 Dec 1965,567-1,6136,3740
30 Sep 1960,757-1,9685,7750
30 Jun 1957,036-2,7616,2750
31 Mar 1969,514-2,3706,2240
31 Dec 1889,553-1,2656,2660
30 Sep 18101,2151506,5020
30 Jun 18106,9241,1876,4510
31 Mar 18103,0571,3606,6980
31 Dec 17107,0881,3857,0130
30 Sep 17109,2481,1056,4680
30 Jun 17118,3381,2606,7600
31 Mar 17122,1451,5036,9860
31 Dec 16109,6351,4666,7530
30 Sep 16104,8441,3757,2880
30 Jun 16103,8911,8086,9840
31 Mar 1690,8312,2196,4040
31 Dec 1587,0999366,2570
30 Sep 1587,6729005,9840
30 Jun 1582,1514695,7200
31 Mar 1589,501-3455,8230
31 Dec 1492,3257465,7820
30 Sep 1487,8141,1207,1420
30 Jun 1488,8807576,6360
31 Mar 1496,3291,0786,8300
31 Dec 1387,7866346,4810

Quality Earnings: MRS has a high level of non-cash earnings.

Growing Profit Margin: MRS's current net profit margins (2.1%) are lower than last year (3%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: MRS has become profitable over the past 5 years, growing earnings by 73.1% per year.

Accelerating Growth: MRS's earnings growth over the past year (71.9%) is below its 5-year average (73.1% per year).

Earnings vs Industry: MRS earnings growth over the past year (71.9%) exceeded the Oil and Gas industry 14.5%.

Return on Equity

High ROE: MRS's Return on Equity (24.4%) is considered high.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 00:55
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

MRS Oil Nigeria Plc is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Oyekunle Omotayo-BensonARM Research
Olugbenga SholotanCSL Stockbrokers Ltd