company background image
MARI

Mari Petroleum KASE:MARI Stock Report

Last Price

PK₨1.63k

Market Cap

PK₨216.8b

7D

-3.2%

1Y

1.9%

Updated

22 May, 2022

Data

Company Financials +
MARI fundamental analysis
Snowflake Score
Valuation1/6
Future Growth3/6
Past Performance3/6
Financial Health6/6
Dividends3/6

MARI Stock Overview

Mari Petroleum Company Limited explores for, produces, and sells hydrocarbons in Pakistan.

Mari Petroleum Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Mari Petroleum
Historical stock prices
Current Share PricePK₨1,625.41
52 Week HighPK₨1,807.46
52 Week LowPK₨1,474.99
Beta0.88
1 Month Change-4.42%
3 Month Change-5.96%
1 Year Change1.91%
3 Year Change64.09%
5 Year Change16.55%
Change since IPO29,401.20%

Recent News & Updates

Shareholder Returns

MARIPK Oil and GasPK Market
7D-3.2%-2.9%-0.8%
1Y1.9%-15.5%-12.1%

Return vs Industry: MARI exceeded the PK Oil and Gas industry which returned -15.5% over the past year.

Return vs Market: MARI exceeded the PK Market which returned -12.1% over the past year.

Price Volatility

Is MARI's price volatile compared to industry and market?
MARI volatility
MARI Average Weekly Movement1.7%
Oil and Gas Industry Average Movement4.9%
Market Average Movement5.8%
10% most volatile stocks in PK Market9.2%
10% least volatile stocks in PK Market3.5%

Stable Share Price: MARI is less volatile than 75% of PK stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: MARI's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19841,293Faheem Haiderhttps://mpcl.com.pk

Mari Petroleum Company Limited explores for, produces, and sells hydrocarbons in Pakistan. It operates through Exploration and Production, Mari Seismic Unit, and Mari Drilling Unit segments. The company explores for natural gas, crude oil, condensate, and LPG.

Mari Petroleum Fundamentals Summary

How do Mari Petroleum's earnings and revenue compare to its market cap?
MARI fundamental statistics
Market CapPK₨216.83b
Earnings (TTM)PK₨35.55b
Revenue (TTM)PK₨74.26b

6.1x

P/E Ratio

2.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MARI income statement (TTM)
RevenuePK₨74.26b
Cost of RevenuePK₨15.34b
Gross ProfitPK₨58.92b
Other ExpensesPK₨23.37b
EarningsPK₨35.55b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)266.47
Gross Margin79.34%
Net Profit Margin47.87%
Debt/Equity Ratio0.7%

How did MARI perform over the long term?

See historical performance and comparison

Dividends

8.7%

Current Dividend Yield

51%

Payout Ratio

Valuation

Is Mari Petroleum undervalued compared to its fair value and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


6.1x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: MARI (PKR1625.41) is trading above our estimate of fair value (PKR1106)

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


Price To Earnings Ratio

PE vs Industry: MARI is poor value based on its PE Ratio (6.1x) compared to the PK Oil and Gas industry average (3.2x).

PE vs Market: MARI is poor value based on its PE Ratio (6.1x) compared to the PK market (5.7x).


Price to Earnings Growth Ratio

PEG Ratio: MARI is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: MARI is overvalued based on its PB Ratio (1.7x) compared to the PK Oil and Gas industry average (0.9x).


Future Growth

How is Mari Petroleum forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


8.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MARI's forecast earnings growth (8.6% per year) is below the savings rate (10.2%).

Earnings vs Market: MARI's earnings (8.6% per year) are forecast to grow faster than the PK market (3.7% per year).

High Growth Earnings: MARI's earnings are forecast to grow, but not significantly.

Revenue vs Market: MARI's revenue (10.1% per year) is forecast to grow faster than the PK market (3.7% per year).

High Growth Revenue: MARI's revenue (10.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MARI's Return on Equity is forecast to be high in 3 years time (27.1%)


Past Performance

How has Mari Petroleum performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


24.1%

Historical annual earnings growth

Earnings and Revenue History

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

Growing Profit Margin: MARI's current net profit margins (47.9%) are higher than last year (46.9%).


Past Earnings Growth Analysis

Earnings Trend: MARI's earnings have grown significantly by 24.1% per year over the past 5 years.

Accelerating Growth: MARI's earnings growth over the past year (16.8%) is below its 5-year average (24.1% per year).

Earnings vs Industry: MARI earnings growth over the past year (16.8%) underperformed the Oil and Gas industry 39.9%.


Return on Equity

High ROE: MARI's Return on Equity (28.5%) is considered high.


Financial Health

How is Mari Petroleum's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: MARI's short term assets (PKR78.2B) exceed its short term liabilities (PKR27.6B).

Long Term Liabilities: MARI's short term assets (PKR78.2B) exceed its long term liabilities (PKR12.8B).


Debt to Equity History and Analysis

Debt Level: MARI has more cash than its total debt.

Reducing Debt: MARI's debt to equity ratio has reduced from 22.6% to 0.7% over the past 5 years.

Debt Coverage: MARI's debt is well covered by operating cash flow (4293.5%).

Interest Coverage: MARI earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Mari Petroleum current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


8.67%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: MARI's dividend (8.67%) is higher than the bottom 25% of dividend payers in the PK market (3.71%).

High Dividend: MARI's dividend (8.67%) is low compared to the top 25% of dividend payers in the PK market (10.85%).


Stability and Growth of Payments

Stable Dividend: MARI's dividend payments have been volatile in the past 10 years.

Growing Dividend: MARI's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (51.4%), MARI's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: MARI is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Management

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

0.5yrs

Average management tenure


CEO

Faheem Haider

1.75yrs

Tenure

Mr. Faheem Haider serves as Chief Executive officer and Managing Director at Mari Petroleum Company Limited since August 12, 2020 and serves as its Director and also serves as its Chief Operating Officer....


Leadership Team

Experienced Management: MARI's management team is not considered experienced ( 0.5 years average tenure), which suggests a new team.


Board Members

Experienced Board: MARI's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.


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

Mari Petroleum Company Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Mari Petroleum Company Limited
  • Ticker: MARI
  • Exchange: KASE
  • Founded: 1984
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Implied Market Cap: PK₨216.834b
  • Shares outstanding: 133.40m
  • Website: https://mpcl.com.pk

Number of Employees


Location

  • Mari Petroleum Company Limited
  • 21, Mauve Area
  • 3rd Road, G-10/4
  • Islamabad
  • 44000
  • Pakistan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/22 00:00
End of Day Share Price2022/05/20 00:00
Earnings2022/03/31
Annual Earnings2021/06/30


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.