Mari Petroleum Future Growth

Future criteria checks 2/6

Mari Petroleum's earnings are forecast to decline at 6.7% per annum while its annual revenue is expected to grow at 11% per year. EPS is expected to decline by 7.6% per annum. Return on equity is forecast to be 20% in 3 years.

Key information

-6.7%

Earnings growth rate

-7.6%

EPS growth rate

Oil and Gas earnings growth	-4.4%
Revenue growth rate	11.0%
Future return on equity	20.0%
Analyst coverage	Low
Last updated	30 Oct 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

KASE:MARI - Analysts future estimates and past financials data (PKR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
6/30/2027	218,788	64,253	16,778	67,278	1
6/30/2026	200,477	58,963	16,202	62,729	1
6/30/2025	187,511	63,318	45,776	87,459	1
9/30/2024	157,292	77,346	50,930	99,169	N/A
6/30/2024	159,731	77,288	51,789	100,443	N/A
3/31/2024	166,183	67,466	47,323	92,283	N/A
12/31/2023	156,899	69,771	29,698	82,288	N/A
9/30/2023	142,615	62,557	21,908	69,099	N/A
6/30/2023	128,221	56,129	13,949	56,195	N/A
3/31/2023	110,645	45,895	16,285	58,907	N/A
12/31/2022	99,423	40,355	25,894	57,574	N/A
9/30/2022	92,870	36,679	24,137	62,061	N/A
6/30/2022	83,135	33,063	9,942	49,400	N/A
3/31/2022	74,263	35,548	-2,477	35,654	N/A
12/31/2021	66,425	31,614	-6,029	28,920	N/A
9/30/2021	63,966	31,478	-6,203	23,294	N/A
6/30/2021	63,703	31,445	3,778	29,973	N/A
3/31/2021	64,861	30,444	8,203	27,681	N/A
12/31/2020	67,348	31,966	14,177	32,488	N/A
9/30/2020	65,464	31,916	19,679	33,369	N/A
6/30/2020	63,221	30,313	19,019	31,613	N/A
3/31/2020	60,661	30,743	19,312	29,865	N/A
12/31/2019	56,754	28,017	20,217	30,426	N/A
9/30/2019	54,940	26,648	12,768	22,779	N/A
6/30/2019	51,873	24,327	10,577	20,436	N/A
3/31/2019	48,528	21,399	11,781	21,276	N/A
12/31/2018	45,069	19,617	10,074	18,311	N/A
9/30/2018	39,861	16,903	12,318	19,253	N/A
6/30/2018	35,495	15,374	N/A	20,225	N/A
3/31/2018	32,207	13,614	N/A	17,158	N/A
12/31/2017	28,894	11,339	N/A	14,631	N/A
9/30/2017	26,386	9,984	N/A	12,017	N/A
6/30/2017	24,592	9,136	N/A	7,120	N/A
3/31/2017	22,812	8,468	N/A	15,260	N/A
12/31/2016	21,990	8,610	N/A	13,545	N/A
9/30/2016	20,800	7,348	N/A	14,313	N/A
6/30/2016	18,963	6,051	N/A	12,638	N/A
3/31/2016	18,649	5,634	N/A	7,744	N/A
12/31/2015	17,582	5,085	N/A	7,981	N/A
9/30/2015	17,553	5,313	N/A	6,199	N/A
6/30/2015	16,857	5,650	N/A	6,609	N/A
3/31/2015	15,705	5,059	N/A	954	N/A
12/31/2014	14,675	4,901	N/A	1,382	N/A
9/30/2014	13,449	4,172	N/A	4,619	N/A
6/30/2014	12,956	3,943	N/A	6,097	N/A
3/31/2014	11,650	3,222	N/A	7,787	N/A
12/31/2013	12,080	3,300	N/A	6,755	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MARI's earnings are forecast to decline over the next 3 years (-6.7% per year).

Earnings vs Market: MARI's earnings are forecast to decline over the next 3 years (-6.7% per year).

High Growth Earnings: MARI's earnings are forecast to decline over the next 3 years.

Revenue vs Market: MARI's revenue (11% per year) is forecast to grow faster than the PK market (4.3% per year).

High Growth Revenue: MARI's revenue (11% 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 (20%)

Mari Petroleum Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

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

Consensus revenue estimates fall by 21%

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

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

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

Consensus EPS estimates increase by 17%

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

First quarter earnings released

First-quarter earnings released: Earnings beat expectations

Mari Petroleum Company Limited Announces Director Changes

Mari Petroleum Company Limited Announces Board Changes

Full year earnings released - EPS PK₨227

New 90-day high - PK₨1,413

Full year earnings released - EPS PK₨227

Mari Petroleum Company Limited to Report Fiscal Year 2020 Results on Aug 20, 2020

Mari Petroleum Company Limited Announces Executive Changes

Earnings and Revenue Growth Forecasts