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Etablissements Maurel & Prom

DB:ETX
Snowflake Description

Undervalued with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ETX
DB
€320M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Établissements Maurel & Prom S.A., an oil and gas company, engages in the exploration and production of hydrocarbons in Gabon, Tanzania, Angola, and internationally. The last earnings update was 6 days ago. More info.


Add to Portfolio Compare Print
  • Etablissements Maurel & Prom has significant price volatility in the past 3 months.
ETX Share Price and Events
7 Day Returns
8.9%
DB:ETX
6.5%
DE Oil and Gas
2.1%
DE Market
1 Year Returns
-51.8%
DB:ETX
28.1%
DE Oil and Gas
-16.6%
DE Market
ETX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Etablissements Maurel & Prom (ETX) 8.9% -22.1% -43.2% -51.8% -52.3% -79.3%
DE Oil and Gas 6.5% -7.3% -23.7% 28.1% -18.9% 149.7%
DE Market 2.1% -12.6% -22.9% -16.6% -21.9% -27.8%
1 Year Return vs Industry and Market
  • ETX underperformed the Oil and Gas industry which returned 28.1% over the past year.
  • ETX underperformed the Market in Germany which returned -16.6% over the past year.
Price Volatility
ETX
Industry
5yr Volatility vs Market

ETX Value

 Is Etablissements Maurel & Prom undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Etablissements Maurel & Prom to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Etablissements Maurel & Prom.

DB:ETX Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.7%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:ETX
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.1%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.948 (1 + (1- 33%) (202.46%))
1.826
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.83
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.826 * 6.07%)
10.7%

Discounted Cash Flow Calculation for DB:ETX using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Etablissements Maurel & Prom is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:ETX DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.7%)
2020 13.83 Analyst x1 12.49
2021 56.30 Analyst x2 45.95
2022 62.47 Analyst x1 46.05
2023 66.57 Est @ 6.57% 44.33
2024 69.55 Est @ 4.48% 41.84
2025 71.65 Est @ 3.02% 38.94
2026 73.08 Est @ 2% 35.88
2027 74.02 Est @ 1.28% 32.83
2028 74.60 Est @ 0.78% 29.89
2029 74.92 Est @ 0.43% 27.12
Present value of next 10 years cash flows $355.00
DB:ETX DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $74.92 × (1 + -0.39%) ÷ (10.7% – -0.39%)
$673.09
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $673.09 ÷ (1 + 10.7%)10
$243.63
DB:ETX Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $355.00 + $243.63
$598.63
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $598.63 / 196.11
$3.05
DB:ETX Discount to Share Price
Calculation Result
Exchange Rate USD/EUR
(Reporting currency to currency of ENXTPA:MAU)
0.918
Value per Share
(EUR)
= Value per Share in USD x Exchange Rate (USD/EUR)
= $3.05 x 0.918
€2.8
Non-primary Listing Adjustment Factor 1 share in DB:ETX represents 1.00859x of ENXTPA:MAU
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00859x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 2.80 x 1.00859
€2.83
Value per share (EUR) From above. €2.83
Current discount Discount to share price of €1.64
= -1 x (€1.64 - €2.83) / €2.83
41.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Etablissements Maurel & Prom is available for.
Intrinsic value
42%
Share price is €1.64 vs Future cash flow value of €2.83
Current Discount Checks
For Etablissements Maurel & Prom to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Etablissements Maurel & Prom's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Etablissements Maurel & Prom's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Etablissements Maurel & Prom's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Etablissements Maurel & Prom's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:ETX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $0.19
ENXTPA:MAU Share Price ** ENXTPA (2020-04-07) in EUR €1.63
ENXTPA:MAU Share Price converted to USD reporting currency Exchange rate (EUR/ USD) 1.089 $1.78
Europe Oil and Gas Industry PE Ratio Median Figure of 104 Publicly-Listed Oil and Gas Companies 6.51x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 16.83x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Etablissements Maurel & Prom.

DB:ETX PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTPA:MAU Share Price ÷ EPS (both in USD)

= 1.78 ÷ 0.19

9.31x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Etablissements Maurel & Prom is overvalued based on earnings compared to the Europe Oil and Gas industry average.
  • Etablissements Maurel & Prom is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Etablissements Maurel & Prom's expected growth come at a high price?
Raw Data
DB:ETX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.31x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
32.2%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 66 Publicly-Listed Oil and Gas Companies 0.32x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

DB:ETX PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.31x ÷ 32.2%

0.29x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Etablissements Maurel & Prom is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Etablissements Maurel & Prom's assets?
Raw Data
DB:ETX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $5.73
ENXTPA:MAU Share Price * ENXTPA (2020-04-07) in EUR €1.63
ENXTPA:MAU Share Price converted to USD reporting currency Exchange rate (EUR/ USD) 1.089 $1.78
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.45x
DB:ETX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTPA:MAU Share Price ÷ Book Value per Share (both in USD)

= 1.78 ÷ 5.73

0.31x

* Primary Listing of Etablissements Maurel & Prom.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Etablissements Maurel & Prom is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Etablissements Maurel & Prom's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Etablissements Maurel & Prom has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

ETX Future Performance

 How is Etablissements Maurel & Prom expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
32.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Etablissements Maurel & Prom expected to grow at an attractive rate?
  • Etablissements Maurel & Prom's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Etablissements Maurel & Prom's earnings growth is expected to exceed the Germany market average.
  • Etablissements Maurel & Prom's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:ETX Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:ETX Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 32.2%
DB:ETX Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts -0.2%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13.1%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:ETX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:ETX Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 493 90 1
2021-12-31 469 177 73 3
2020-12-31 426 160 31 3
2020-04-07
DB:ETX Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 504 162 37
2019-09-30 463 215 53
2019-06-30 432 273 69
2019-03-31 436 233 63
2018-12-31 440 192 58
2018-09-30 442 190 77
2018-06-30 438 185 95
2018-03-31 414 183 52
2017-12-31 401 185 6
2017-09-30 405 200 -38
2017-06-30 395 207 -80
2017-03-31 355 143 -65

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Etablissements Maurel & Prom's earnings are expected to grow significantly at over 20% yearly.
  • Etablissements Maurel & Prom's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:ETX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Etablissements Maurel & Prom Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ETX Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 0.26 0.39 0.08 3.00
2020-12-31 -0.79 0.13 -2.22 3.00
2020-04-07
DB:ETX Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 0.19
2019-09-30 0.27
2019-06-30 0.35
2019-03-31 0.33
2018-12-31 0.30
2018-09-30 0.40
2018-06-30 0.49
2018-03-31 0.27
2017-12-31 0.03
2017-09-30 -0.20
2017-06-30 -0.42
2017-03-31 -0.34

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Etablissements Maurel & Prom is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Etablissements Maurel & Prom's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Etablissements Maurel & Prom has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

ETX Past Performance

  How has Etablissements Maurel & Prom performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Etablissements Maurel & Prom's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Etablissements Maurel & Prom has delivered over 20% year on year earnings growth in the past 5 years.
  • Etablissements Maurel & Prom's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Etablissements Maurel & Prom's 1-year earnings growth is negative, it can't be compared to the Europe Oil and Gas industry average.
Earnings and Revenue History
Etablissements Maurel & Prom's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Etablissements Maurel & Prom Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ETX Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 503.63 37.38 48.35
2019-09-30 462.85 52.56 42.88
2019-06-30 431.59 68.63 5.82
2019-03-31 435.88 63.35 3.49
2018-12-31 440.18 58.07 1.16
2018-09-30 442.39 77.21 -35.01
2018-06-30 437.68 94.60 -39.16
2018-03-31 413.55 52.35 -23.29
2017-12-31 400.63 6.42 -5.54
2017-09-30 405.07 -38.33 32.70
2017-06-30 395.31 -80.20 68.48
2017-03-31 354.85 -64.84 60.20
2016-12-31 334.87 -53.82 55.49
2016-09-30 331.56 -79.44 105.12
2016-06-30 302.86 -100.35 149.34
2016-03-31 319.46 -107.12 172.64
2015-12-31 313.10 -106.17 183.21
2015-09-30 394.26 -105.13 203.71
2015-06-30 465.90 -100.96 218.74
2015-03-31 524.28 -41.62 186.46
2014-12-31 675.17 15.93 182.48
2014-09-30 735.49 91.82 107.88
2014-06-30 832.01 181.18 27.66
2014-03-31 812.44 136.20 26.35
2013-12-31 787.04 89.99 24.84
2013-09-30 717.88 43.51 26.68
2013-06-30 635.95 1.19 27.40

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Etablissements Maurel & Prom has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Etablissements Maurel & Prom used its assets less efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • Etablissements Maurel & Prom has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Etablissements Maurel & Prom's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Etablissements Maurel & Prom has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

ETX Health

 How is Etablissements Maurel & Prom's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Etablissements Maurel & Prom's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Etablissements Maurel & Prom is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Etablissements Maurel & Prom's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Etablissements Maurel & Prom's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Etablissements Maurel & Prom Company Filings, last reported 3 months ago.

DB:ETX Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,141.82 700.66 231.04
2019-09-30 1,141.82 700.66 231.04
2019-06-30 1,125.97 700.73 361.19
2019-03-31 1,125.97 700.73 361.19
2018-12-31 1,110.34 695.47 279.87
2018-09-30 1,110.34 695.47 279.87
2018-06-30 1,038.25 702.26 313.90
2018-03-31 1,096.32 741.54 331.46
2017-12-31 1,013.07 693.30 260.14
2017-09-30 1,013.07 693.30 260.14
2017-06-30 1,080.03 777.67 215.46
2017-03-31 1,012.24 728.86 201.94
2016-12-31 1,007.54 775.08 203.52
2016-09-30 1,072.83 825.30 216.71
2016-06-30 1,158.99 818.52 257.93
2016-03-31 1,188.56 839.41 264.51
2015-12-31 1,196.26 819.57 306.71
2015-09-30 1,229.24 842.16 315.16
2015-06-30 1,027.95 836.44 120.77
2015-03-31 991.40 806.70 116.47
2014-12-31 1,074.28 809.46 278.32
2014-09-30 1,120.11 843.99 290.20
2014-06-30 1,136.87 836.62 241.92
2014-03-31 1,144.23 842.03 243.49
2013-12-31 1,051.20 907.88 276.78
2013-09-30 1,033.14 892.30 282.05
2013-06-30 940.22 828.86 301.48
  • Etablissements Maurel & Prom's level of debt (61.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (74.9% vs 61.4% today).
  • Debt is well covered by operating cash flow (23.1%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.8x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Etablissements Maurel & Prom's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Etablissements Maurel & Prom has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

ETX Dividends

 What is Etablissements Maurel & Prom's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Etablissements Maurel & Prom dividends. Estimated to be 0.7% next year.
If you bought €2,000 of Etablissements Maurel & Prom shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Etablissements Maurel & Prom's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Etablissements Maurel & Prom's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:ETX Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 8.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.7%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:ETX Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 0.02 3.00
2020-12-31 0.00 1.00
2020-04-07
DB:ETX Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-04-01 0.000 0.000
2019-06-13 0.043 1.552
2014-08-28 0.000 0.000
2014-05-07 0.000 0.000
2014-04-10 0.000 0.000
2013-05-02 0.511 3.334
2013-03-28 0.513 3.143
2012-06-14 0.483 3.210
2011-03-31 0.309 1.848
2010-05-28 0.119 0.944
2010-04-07 0.122 0.890
2009-04-30 0.464 2.821

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Etablissements Maurel & Prom has not reported any payouts.
  • Unable to verify if Etablissements Maurel & Prom's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Etablissements Maurel & Prom's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Etablissements Maurel & Prom has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Etablissements Maurel & Prom's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Etablissements Maurel & Prom's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Etablissements Maurel & Prom afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Etablissements Maurel & Prom has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

ETX Management

 What is the CEO of Etablissements Maurel & Prom's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Olivier de Langavant
TENURE AS CEO 0.4 years
CEO Bio

Mr. Olivier Cleret de Langavant serves as Non-Executive Director at Seplat Petroleum Development Company Plc since January 28, 2020. He serves as Chief Executive Officer at Etablissements Maurel & Prom S.A. since November 1, 2019. Mr. de Langavant served as Senior Vice President of Strategy Business Development and R&D - Exploration & Production at Total SA since March 2011. Following positions in France and then the Ivory Coast, Mr. de Langavant joined Elf Aquitaine (now Total) in 1981 as a reservoir engineer – a role which took him to France, the Congo, the United States and Colombia – before being appointed Operations Director in the Netherlands. He served as Deputy Managing Director of Total E&P Angola from 1998 to 2002, and then Managing Director of Total E&P Myanmar. In 2005, he returned to Angola as Managing Director of Total E&P Angola. In 2009, he was appointed Finance, Economics & Information Systems SVP of Total E&P, based at the Total Group’s head office, before taking up the position of Strategy, Business Development and R&D SVP of Total E&P in 2011. From 2015 to 2017, he served as the Total Group’s SVP for the Asia-Pacific region, based in Singapore. Mr. de Langavant served as Senior Vice President of Finance, Economics & Information Systems at Total SA from December 2009 to March 2011. Mr. de Langavant joined Total in 1981 and served in several positions as a Reservoir Engineer, first in France, then in Congo, the US and Colombia. He also served as Director of operations in The Netherlands. He served as Deputy Managing Director of the Angolan subsidiary from 1998 to 2002 during the early development phase of the deepwater Girassol field. He also served as Managing Director of Total E&P Myanmar. Since 2005, Mr. de Langavant served as Managing Director of Total EP Angola. He holds an Engineering degree from the National School of Mines of Paris.

CEO Compensation
  • Insufficient data for Olivier to compare compensation growth.
  • Insufficient data for Olivier to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure of the Etablissements Maurel & Prom management team in years:

7.3
Average Tenure
  • The average tenure for the Etablissements Maurel & Prom management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Olivier de Langavant

TITLE
Chief Executive Officer
TENURE
0.4 yrs

Philippe Corlay

TITLE
Chief Operating Officer
TENURE
7.3 yrs

Paul-Andre Canel

TITLE
Executive Officer
AGE
65
TENURE
7.3 yrs
Board of Directors Tenure

Average tenure and age of the Etablissements Maurel & Prom board of directors in years:

3.7
Average Tenure
59
Average Age
  • The tenure for the Etablissements Maurel & Prom board of directors is about average.
Board of Directors

Aussie Gautama

TITLE
Chairman of the Board
COMPENSATION
$181K
AGE
63
TENURE
3 yrs

Roman Gozalo

TITLE
Independent Director
COMPENSATION
$83K
AGE
73
TENURE
11.8 yrs

Nathalie Delapalme

TITLE
Independent Director
COMPENSATION
$85K
AGE
62
TENURE
9.9 yrs

Carole Delorme d’Armaillé

TITLE
Independent Director
COMPENSATION
$58K
AGE
56
TENURE
7.1 yrs

Denie Tampubolon

TITLE
Director
COMPENSATION
$54K
AGE
56
TENURE
3.7 yrs

Narendra Widjajanto

TITLE
Director
AGE
52
TENURE
1.3 yrs

Ida Yusmiati

TITLE
Director
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
29. Nov 19 Buy Barclays Bank PLC, Securities Investments Company 28. Nov 19 28. Nov 19 18 €2.59 €47
28. Nov 19 Buy Barclays Bank PLC, Securities Investments Company 27. Nov 19 27. Nov 19 4,826 €2.61 €12,499
X
Management checks
We assess Etablissements Maurel & Prom's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Etablissements Maurel & Prom has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

ETX News

Simply Wall St News

ETX Company Info

Description

Établissements Maurel & Prom S.A., an oil and gas company, engages in the exploration and production of hydrocarbons in Gabon, Tanzania, Angola, and internationally. It operates in three segments: Exploration, Production, and Drilling. As of December 31, 2019, the company had proven and probable oil reserves of 192 million barrels of oil equivalent. The company was founded in 1813 and is headquartered in Paris, France. Établissements Maurel & Prom S.A. is a subsidiary of PT Pertamina Internasional Eksplorasi dan Produksi.

Details
Name: Etablissements Maurel & Prom S.A.
ETX
Exchange: DB
Founded: 1813
€319,663,264
196,112,432
Website: http://www.maureletprom.fr
Address: Etablissements Maurel & Prom S.A.
51, rue d’Anjou,
Paris,
Ile-de-France, 75008,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA MAU Common Stock Euronext Paris FR EUR 02. Jan 1992
OTCPK MREL.F Common Stock Pink Sheets LLC US USD 02. Jan 1992
DB ETX Common Stock Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0F6L Common Stock London Stock Exchange GB EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
763
Etablissements Maurel & Prom employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 22:29
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/04/03
Last earnings filing: 2020/04/01
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.