MRS Oil Nigeria Plc

NGSE:MRS Stock Report

Market Cap: ₦45.3b

MRS Oil Nigeria Valuation

Is MRS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of MRS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MRS (NGN132) is trading above our estimate of fair value (NGN13.83)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MRS?

Key metric: As MRS is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for MRS. This is calculated by dividing MRS's market cap by their current earnings.
What is MRS's PE Ratio?
PE Ratio6.6x
Earnings₦6.83b
Market Cap₦45.26b

Price to Earnings Ratio vs Peers

How does MRS's PE Ratio compare to its peers?

The above table shows the PE ratio for MRS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average22.7x
CONOIL Conoil
14.6xn/a₦179.7b
TOTAL TotalEnergies Marketing Nigeria
7.8x56.6%₦228.8b
OANDO Oando
63.3xn/a₦757.1b
SHSML Shahmurad Sugar Mills
5.1xn/aPK₨8.6b
MRS MRS Oil Nigeria
6.6xn/a₦45.3b

Price-To-Earnings vs Peers: MRS is good value based on its Price-To-Earnings Ratio (6.6x) compared to the peer average (22.7x).

Price to Earnings Ratio vs Industry

How does MRS's PE Ratio compare vs other companies in the African Oil and Gas Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
MRS 6.6xIndustry Avg. 10.7xNo. of Companies3PE0612182430+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MRS is good value based on its Price-To-Earnings Ratio (6.6x) compared to the Global Oil and Gas industry average (10.7x).

Price to Earnings Ratio vs Fair Ratio

What is MRS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MRS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.6x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate MRS's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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