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

MARI is expensive based on its Price-To-Earnings Ratio (7.1x) compared to the peer average (4.7x).

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

MARI is good value based on its Price-To-Earnings Ratio (7.1x) compared to the Asian Oil and Gas industry average (10.5x).

What is MARI'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.

MARI is expensive based on its Price-To-Earnings Ratio (7.1x) compared to the estimated Fair Price-To-Earnings Ratio (5.1x).

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

MARI (PKR455.13) is trading above our estimate of [[fair value]] (PKR61.17)

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

Target price is lower than the current share price.

Mari Petroleum (KASE:MARI) - Stock Price, News & Analysis

MARI Stock Overview

Explores for, produces, and sells hydrocarbons in Pakistan. More details

MARI fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	2/6
Past Performance	6/6
Financial Health	5/6
Dividends	4/6

Rewards

Price-To-Earnings ratio (7.1x) is below the PK market (7.4x)

Revenue is forecast to grow 11.01% per year

Earnings grew by 23.6% over the past year

Risk Analysis

Earnings are forecast to decline by an average of 6.7% per year for the next 3 years

Unstable dividend track record

Mari Petroleum Company Limited Competitors

Pakistan Petroleum

KASE:PPL

PK₨423.8b

Oil and Gas Development

KASE:OGDC

PK₨838.4b

Pakistan Oilfields

KASE:POL

PK₨162.6b

Attock Petroleum

KASE:APL

PK₨55.9b

Price History & Performance

Summary of all time highs, changes and price drops for Mari Petroleum
Historical stock prices
Current Share Price	PK₨455.13
52 Week High	PK₨483.98
52 Week Low	PK₨188.33
Beta	0.78
11 Month Change	4.74%
3 Month Change	26.31%
1 Year Change	126.38%
33 Year Change	137.73%
5 Year Change	232.10%
Change since IPO	74,245.54%

Recent updates

Shareholder Returns

	MARI	PK Oil and Gas	PK Market
7D	-0.8%	2.1%	2.1%
1Y	126.4%	71.5%	43.4%

Return vs Industry: MARI exceeded the PK Oil and Gas industry which returned 71.5% over the past year.

Return vs Market: MARI exceeded the PK Market which returned 43.4% over the past year.

Price Volatility

Is MARI's price volatile compared to industry and market?
MARI volatility
MARI Average Weekly Movement	5.7%
Oil and Gas Industry Average Movement	5.2%
Market Average Movement	5.8%
10% most volatile stocks in PK Market	9.6%
10% least volatile stocks in PK Market	3.8%

Stable Share Price: MARI has not had significant price volatility in the past 3 months compared to the PK market.

Volatility Over Time: MARI's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1984	1,653	Faheem Haider	mpcl.com.pk

Mari Petroleum Company Limited explores for, produces, and sells hydrocarbons in Pakistan. The company explores for natural gas, crude oil, condensate, and liquefied petroleum gas (LPG); and engages in the field development business. It also manages and operates Mari gas field located at Daharki, Sindh.

Mari Petroleum Company Limited Fundamentals Summary

How do Mari Petroleum's earnings and revenue compare to its market cap?
MARI fundamental statistics
Market cap	PK₨549.64b
Earnings (TTM)	PK₨77.35b
Revenue (TTM)	PK₨157.29b

7.1x

P/E Ratio

3.5x

P/S Ratio

Is MARI overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MARI income statement (TTM)
Revenue	PK₨157.29b
Cost of Revenue	PK₨35.28b
Gross Profit	PK₨122.01b
Other Expenses	PK₨44.66b
Earnings	PK₨77.35b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	64.42
Gross Margin	77.57%
Net Profit Margin	49.17%
Debt/Equity Ratio	0.4%

How did MARI perform over the long term?

See historical performance and comparison

Dividends

5.7%

Current Dividend Yield

40%

Payout Ratio

MARI Stock Overview

Rewards

Risk Analysis

Mari Petroleum Company Limited Competitors

KASE:PPL

PK₨423.8b

KASE:OGDC

PK₨838.4b

KASE:POL

PK₨162.6b

KASE:APL

PK₨55.9b

Price History & Performance

Recent News & Updates

First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind

Investor sentiment improves as stock rises 18%

Mari Petroleum Company Limited Appoints Brig. Sumair Ashraf Sheikh (Retd) as the New Company Secretary

Price target increased by 13% to PK₨3,313

Upcoming dividend of PK₨134 per share

Investor sentiment improves as stock rises 19%

Recent updates

First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind

Investor sentiment improves as stock rises 18%

Mari Petroleum Company Limited Appoints Brig. Sumair Ashraf Sheikh (Retd) as the New Company Secretary

Price target increased by 13% to PK₨3,313

Upcoming dividend of PK₨134 per share

Investor sentiment improves as stock rises 19%

Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Consensus revenue estimates fall by 21%

Dividend of PK₨134 announced

Mari Petroleum Company Limited Appoints Zafar Abbas as Director to Its Board

Mari Petroleum Company Limited, Annual General Meeting, Sep 24, 2024

Price target increased by 7.8% to PK₨2,946

Price target increased by 7.4% to PK₨2,934

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

Mari Petroleum Company Limited Announces Board Appointment

Second quarter 2024 earnings: EPS in line with expectations, revenues disappoint

Dividend of PK₨98.00 announced

Investor sentiment improves as stock rises 18%

First quarter 2024 earnings released: EPS: PK₨144 (vs PK₨95.31 in 1Q 2023)

Full year 2023 earnings: EPS in line with analyst expectations despite revenue beat

Upcoming dividend of PK₨58.00 per share at 9.1% yield

Mari Petroleum Company Limited Announces Board Changes

Third quarter 2023 earnings released: EPS: PK₨123 (vs PK₨81.63 in 3Q 2022)

Second quarter 2023 earnings: Revenues miss analyst expectations

Price target decreased by 7.4% to PK₨2,355

Consensus EPS estimates increase by 17%

Less than half of directors are independent

First quarter 2023 earnings: EPS exceeds analyst expectations

Upcoming dividend of PK₨62.00 per share

Full year 2022 earnings released: EPS: PK₨248 (vs PK₨236 in FY 2021)

Price target increased to PK₨2,363

Oil and Gas Development Company Limited Announces Gas Discovery At Kaleri Shum 01

Third quarter 2022 earnings: EPS and revenues miss analyst expectations

Second quarter 2022 earnings: EPS and revenues miss analyst expectations

Price target increased to PK₨2,084

Price target increased to PK₨2,052

First quarter 2022 earnings released: EPS PK₨68.21 (vs PK₨67.96 in 1Q 2021)

Upcoming dividend of PK₨75.00 per share

Full year 2021 earnings released: EPS PK₨236 (vs PK₨227 in FY 2020)

GM of Corporate Affairs & Company Secretary Assad Rabbani has left the company

GM of Finance & CFO Muhammad Asif has left the company

Full year 2021 earnings released: EPS PK₨236 (vs PK₨227 in FY 2020)

Non Executive Director Sajid Qazi has left the company

Non-Executive Director Jamil Akbar has left the company

Non-Executive Director Asad Din has left the company

Price target increased to PK₨1,899

Third quarter 2021 earnings released: EPS PK₨52.14 (vs PK₨63.54 in 3Q 2020)

Upcoming dividend of PK₨60.00 per share

Upcoming Dividend of PK₨6.00 Per Share

Second quarter 2021 earnings released

Revenue beats expectations, earnings disappoint

Investor sentiment improved over the past week

New 90-day high: PK₨1,534

New 90-day high: PK₨1,453

Mari Petroleum Company Limited Announces Board Changes

First quarter 2021 earnings released: EPS PK₨67.96

Revenue and earnings beat expectations

New 90-day low: PK₨1,244

Price target raised to PK₨1,604