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MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag

DB:MOGG
Snowflake Description

Flawless balance sheet, undervalued and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MOGG
DB
HUF1,175B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag, together with its subsidiaries, engages in the exploration and production of crude oil, natural gas, and gas products in Hungary and internationally. The last earnings update was 38 days ago. More info.


Add to Portfolio Compare Print
  • MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag has significant price volatility in the past 3 months.
MOGG Share Price and Events
7 Day Returns
1.7%
DB:MOGG
18.1%
DE Oil and Gas
7.3%
DE Market
1 Year Returns
-51.8%
DB:MOGG
21.9%
DE Oil and Gas
-17.7%
DE Market
MOGG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag (MOGG) 1.7% -27.7% -44.2% -51.8% -39.5% -7.9%
DE Oil and Gas 18.1% -15.9% -28.7% 21.9% -25.6% 137.4%
DE Market 7.3% -17.9% -25.8% -17.7% -25.6% -29%
1 Year Return vs Industry and Market
  • MOGG underperformed the Oil and Gas industry which returned 21.9% over the past year.
  • MOGG underperformed the Market in Germany which returned -17.7% over the past year.
Price Volatility
MOGG
Industry
5yr Volatility vs Market

Value

 Is MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag 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 MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag 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 MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag.

DB:MOGG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 11 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.9%
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:MOGG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 8.2%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.808 (1 + (1- 9%) (77.38%))
1.253
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.25
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.253 * 8.23%)
9.92%

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

The calculations below outline how an intrinsic value for MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag 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:MOGG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HUF, Millions) Source Present Value
Discounted (@ 9.92%)
2020 175,960.00 Analyst x1 160,081.69
2021 236,356.00 Analyst x4 195,623.96
2022 333,860.40 Analyst x5 251,390.03
2023 201,217.75 Analyst x4 137,840.59
2024 337,528.67 Analyst x3 210,353.25
2025 351,709.95 Est @ 4.2% 199,411.83
2026 361,642.43 Est @ 2.82% 186,540.60
2027 368,368.40 Est @ 1.86% 172,863.80
2028 372,733.15 Est @ 1.18% 159,128.30
2029 375,388.57 Est @ 0.71% 145,800.21
Present value of next 10 years cash flows HUF1,819,034.00
DB:MOGG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= HUF375,388.57 × (1 + -0.39%) ÷ (9.92% – -0.39%)
HUF3,627,208.83
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HUF3,627,208.83 ÷ (1 + 9.92%)10
HUF1,408,801.05
DB:MOGG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HUF1,819,034.00 + HUF1,408,801.05
HUF3,227,835.05
Equity Value per Share
(HUF)
= Total value / Shares Outstanding
= HUF3,227,835.05 / 635.36
HUF5080.29
DB:MOGG Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:MOGG represents 0.0013x of BUSE:MOL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.0013x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HUF) x Listing Adjustment Factor
= HUF 5,080.29 x 0.0013
€6.59
Value per share (EUR) From above. €6.59
Current discount Discount to share price of €2.40
= -1 x (€2.40 - €6.59) / €6.59
63.6%

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

Current Discount
Amount off the current price MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag is available for.
Intrinsic value
>50%
Share price is €2.4 vs Future cash flow value of €6.59
Current Discount Checks
For MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag'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 MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:MOGG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in HUF HUF317.00
BUSE:MOL Share Price ** BUSE (2020-03-30) in HUF HUF1849
Europe Oil and Gas Industry PE Ratio Median Figure of 105 Publicly-Listed Oil and Gas Companies 5.67x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 16.36x

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

** Primary Listing of MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag.

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

= BUSE:MOL Share Price ÷ EPS (both in HUF)

= 1849 ÷ 317.00

5.83x

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

  • MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag is overvalued based on earnings compared to the Europe Oil and Gas industry average.
  • MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag's expected growth come at a high price?
Raw Data
DB:MOGG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.83x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
10%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 65 Publicly-Listed Oil and Gas Companies 0.17x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 5.83x ÷ 10%

0.58x

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

  • MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag is good value based on expected growth next year.
Price based on value of assets
What value do investors place on MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag's assets?
Raw Data
DB:MOGG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in HUF HUF3,021.86
BUSE:MOL Share Price * BUSE (2020-03-30) in HUF HUF1849
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 0.94x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.43x
DB:MOGG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BUSE:MOL Share Price ÷ Book Value per Share (both in HUF)

= 1849 ÷ 3,021.86

0.61x

* Primary Listing of MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag.

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

  • MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag'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. MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag 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.

Future Performance

 How is MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag expected to perform in the next 1 to 3 years based on estimates from 11 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
10%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag expected to grow at an attractive rate?
  • MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag's earnings growth is positive but not above the Germany market average.
  • MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:MOGG Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:MOGG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 10%
DB:MOGG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 0.8%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*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:MOGG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in HUF Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:MOGG Future Estimates Data
Date (Data in HUF Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 5,090,003 332,500 1
2023-12-31 5,115,275 333,667 2
2022-12-31 5,353,176 763,977 299,129 7
2021-12-31 5,032,881 678,528 266,973 10
2020-12-31 4,693,051 685,284 207,053 11
2020-03-30
DB:MOGG Past Financials Data
Date (Data in HUF Millions) Revenue Cash Flow Net Income *
2019-12-31 5,266,735 704,241 223,214
2019-09-30 5,267,359 607,807 264,238
2019-06-30 5,316,409 559,966 294,436
2019-03-31 5,309,081 645,823 289,576
2018-12-31 5,168,668 596,058 301,197
2018-09-30 4,905,381 527,725 299,759
2018-06-30 4,502,342 588,471 257,480
2018-03-31 4,176,989 570,243 273,338
2017-12-31 4,130,320 559,696 306,952
2017-09-30 3,992,724 617,127 271,912
2017-06-30 3,909,094 563,417 291,573
2017-03-31 3,811,070 485,559 281,913

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag's earnings are expected to grow by 10% yearly, however this is not considered high growth (20% yearly).
  • MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag's revenue is expected to grow by 0.8% yearly, however this is not considered high growth (20% yearly).
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:MOGG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below

All data from MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:MOGG Future Estimates Data
Date (Data in HUF Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31 440.00 440.00 440.00 1.00
2023-12-31 446.00 446.00 446.00 1.00
2022-12-31 409.23 473.00 338.00 6.00
2021-12-31 362.47 449.00 259.00 9.00
2020-12-31 277.37 360.00 197.00 8.00
2020-03-30
DB:MOGG Past Financials Data
Date (Data in HUF Millions) EPS *
2019-12-31 317.00
2019-09-30 376.48
2019-06-30 420.24
2019-03-31 414.29
2018-12-31 431.57
2018-09-30 429.07
2018-06-30 370.15
2018-03-31 390.13
2017-12-31 437.05
2017-09-30 387.56
2017-06-30 409.79
2017-03-31 391.16

*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.
  • MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag'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.
MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag has a total score of 1/6, 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.

Past Performance

  How has MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag 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 MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag'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.
  • MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag has delivered over 20% year on year earnings growth in the past 5 years.
  • MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag's 1-year earnings growth is negative, it can't be compared to the Europe Oil and Gas industry average.
Earnings and Revenue History
MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag'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 MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:MOGG Past Revenue, Cash Flow and Net Income Data
Date (Data in HUF Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 5,266,735.00 223,214.00 285,153.00
2019-09-30 5,267,359.00 264,238.00 317,937.00
2019-06-30 5,316,409.00 294,436.00 307,927.00
2019-03-31 5,309,081.00 289,576.00 310,991.00
2018-12-31 5,168,668.00 301,197.00 305,023.00
2018-09-30 4,905,381.00 299,759.00 295,415.00
2018-06-30 4,502,342.00 257,480.00 293,020.00
2018-03-31 4,176,989.00 273,338.00 288,435.00
2017-12-31 4,130,320.00 306,952.00 286,431.00
2017-09-30 3,992,724.00 271,912.00 249,502.00
2017-06-30 3,909,094.00 291,573.00 272,177.00
2017-03-31 3,811,070.39 281,913.27 241,275.46
2016-12-31 3,553,005.00 261,601.00 269,727.00
2016-09-30 3,504,956.00 -217,171.00 296,906.00
2016-06-30 3,647,402.00 -202,502.00 277,434.00
2016-03-31 3,880,100.00 -216,123.00 308,921.00
2015-12-31 4,090,662.00 -268,575.00 266,814.00
2015-09-30 4,344,972.00 101,043.00 302,053.00
2015-06-30 4,564,393.00 38,246.00 299,093.00
2015-03-31 4,667,566.00 4,835.00 299,880.00
2014-12-31 4,866,607.00 -3,499.00 299,800.00
2014-09-30 5,053,160.00 71,282.00 303,205.00
2014-06-30 5,140,231.00 12,756.00 300,599.00
2014-03-31 5,228,056.00 7,643.00 302,877.00
2013-12-31 5,400,417.00 14,617.00 299,632.00
2013-09-30 5,464,606.00 19,225.00 293,675.00
2013-06-30 5,467,590.00 116,843.00 299,102.00
2013-03-31 5,466,395.00 98,411.00 301,267.00

*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.
  • MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag used its assets less efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag'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.
MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag has a total score of 1/6, 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.

Health

 How is MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag'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 MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag'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 covered by short term assets, assets are 2.2x 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 MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag Company Filings, last reported 2 months ago.

DB:MOGG Past Debt and Equity Data
Date (Data in HUF Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 2,451,369.00 909,039.00 454,528.00
2019-09-30 2,451,434.00 754,291.00 267,663.00
2019-06-30 2,328,593.00 637,287.00 293,307.00
2019-03-31 2,358,968.00 746,417.00 375,242.00
2018-12-31 2,309,946.00 629,818.00 394,957.00
2018-09-30 2,249,828.00 693,940.00 390,817.00
2018-06-30 2,181,044.00 592,382.00 327,315.00
2018-03-31 2,127,827.00 623,668.00 220,544.00
2017-12-31 2,055,771.00 590,067.00 277,138.00
2017-09-30 1,987,984.00 597,404.00 209,813.00
2017-06-30 1,933,304.00 639,820.00 150,918.00
2017-03-31 1,895,303.23 887,801.55 308,878.08
2016-12-31 1,801,626.00 874,705.00 282,269.00
2016-09-30 1,800,596.00 852,758.00 178,405.00
2016-06-30 1,755,743.00 900,291.00 228,352.00
2016-03-31 1,710,858.00 840,992.00 175,629.00
2015-12-31 1,816,568.00 665,390.00 196,015.00
2015-09-30 2,337,901.00 873,101.00 353,989.00
2015-06-30 2,297,175.00 986,425.00 361,536.00
2015-03-31 2,190,092.00 973,183.00 363,171.00
2014-12-31 2,195,738.00 958,915.00 426,210.00
2014-09-30 2,289,621.00 949,099.00 472,840.00
2014-06-30 2,221,204.00 936,602.00 431,941.00
2014-03-31 2,222,601.00 957,621.00 457,129.00
2013-12-31 2,179,520.00 982,645.00 570,774.00
2013-09-30 2,225,485.00 1,025,186.00 442,978.00
2013-06-30 2,268,085.00 1,208,709.00 598,608.00
2013-03-31 2,345,535.00 1,448,906.00 665,116.00
  • MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag's level of debt (31.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (43.8% vs 31.4% today).
  • Debt is well covered by operating cash flow (91.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 15.2x coverage).
X
Financial health checks
We assess MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag'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. MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag has a total score of 6/6, 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.

Dividends

 What is MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag'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
7.71%
Current annual income from MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag dividends. Estimated to be 7.72% next year.
If you bought €2,000 of MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag shares you are expected to receive €154 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?
  • MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.7%).
  • MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag's dividend is above the markets top 25% of dividend payers in Germany (4.97%).
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:MOGG 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 11 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 9.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 1%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

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

DB:MOGG Future Dividends Estimate Data
Date (Data in HUF) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31 139.09 1.00
2022-12-31 168.40 7.00
2021-12-31 144.96 13.00
2020-12-31 122.52 10.00
2020-03-30
DB:MOGG Past Annualized Dividends Data
Date (Data in HUF) Dividend per share (annual) Avg. Yield (%)
2019-08-02 142.500 5.312
2019-05-03 142.500 4.558
2019-04-11 142.500 4.287
2019-02-22 142.500 4.335
2018-04-12 85.000 2.908
2017-04-13 78.125 2.685
2016-08-05 70.875 2.981
2016-05-17 70.875 3.390
2015-08-05 60.686 3.434
2015-03-25 60.686 3.363
2014-05-23 73.763 4.955
2013-11-15 57.778 3.430
2013-08-12 57.778 2.970
2013-05-23 57.778 2.787
2010-01-15 0.000 0.000
2009-10-30 0.000 0.000
2009-07-30 0.000 0.000
2009-05-18 0.000 0.000
2009-04-08 0.000 0.000

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

  • MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag only paid a dividend in the past 7 years.
Current Payout to shareholders
What portion of MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.5x coverage).
X
Income/ dividend checks
We assess MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - 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 MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag has a total score of 4/6, see the detailed checks below.


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

Management

 What is the CEO of MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag'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
Zsolt Hernádi
COMPENSATION HUF20,048,937
AGE 59
TENURE AS CEO 18.8 years
CEO Bio

Mr. Zsolt Hernádi has been an Executive Chairman of MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag since July 7, 2000 and also serves as its Member of Executive Board. Mr. Hernádi has been Chief Executive Officer of MOL Magyar Olaj-és Gázipari Rt (MOL Group) since June 11, 2001. From 1994 to 2001, he served as the Chief Executive Officer of Magyar Takarékszövetkezeti Bank Rt. He served as the Chief Executive Officer of Central Bank of Hungarian Savings Cooperatives from 1994 to 2001. He has held various positions at Kereskedelmi és Hitelbank Rt., from 1989 to 1994, including as Deputy General Manager and Deputy Chief Executive Officer of the financial institution from 1992 to 1994. He has been a Director of MOL since 1994. He has been a Non-Independent Director of Mol Magyar Olaj es Gazipari Rt. since February 24, 1999. He served as a Non-Executive Director of OTP Bank Plc. from April 29, 2011 to April 3, 2014. From 1994 to 2001, he served as a Director of Magyar Takarékszövetkezeti Bank Rt. He served as a Director of Central Bank of Hungarian Savings Cooperatives from 1994 to 2002. Since 2001, he has been a Member of the European Round Table of Industrials. From 1995 to 2001, Mr. Hernádi served as a Member of the Board of Directors of the Hungarian Banking Association. Mr. Hernádi graduated from the Faculty of Industrial Planning-Analysis at the Budapest University of Economic Sciences (also known as Karl Marx University of Economic Science) in 1986. In 2017, he has been appointed as a member of the National Competitiveness Council. In 2010, he has been honored with the Hungarian Medal Cross Award.

CEO Compensation
  • Zsolt's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Zsolt's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag management team in years:

4.3
Average Tenure
59
Average Age
  • The tenure for the MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag management team is about average.
Management Team

Zsolt Hernádi

TITLE
Chairman
COMPENSATION
HUF20M
AGE
59
TENURE
18.8 yrs

József Molnár

TITLE
Group CEO
COMPENSATION
HUF20M
AGE
63

Oszkár Világi

TITLE
Executive VP of Innovative Businesses & Services
COMPENSATION
HUF12M
AGE
56
TENURE
3.3 yrs

József Simola

TITLE
Group Chief Financial Officer
AGE
53
TENURE
8.8 yrs

Péter Ratatics

TITLE
COO & Executive VP of Consumer Services
TENURE
1.8 yrs

Robert Rethy

TITLE
Investor Relations Manager
TENURE
4.3 yrs

Pal Kara

TITLE
Head of Legal

Bela Kelemen

TITLE
Senior Vice President of Refining & Marketing

Zdravka Bubalo

TITLE
Group Human Resources Senior Vice President
TENURE
1.2 yrs

József Szórád

TITLE
Chief Advisor to the Chairman-Chief Executive Officer
AGE
67
TENURE
14.9 yrs
Board of Directors Tenure

Average tenure and age of the MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag board of directors in years:

9.9
Average Tenure
59
Average Age
  • The tenure for the MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag board of directors is about average.
Board of Directors

Zsolt Hernádi

TITLE
Chairman
COMPENSATION
HUF20M
AGE
59
TENURE
19.7 yrs

József Molnár

TITLE
Group CEO
COMPENSATION
HUF20M
AGE
63
TENURE
12.4 yrs

Sándor Csányi

TITLE
Independent Vice Chairman
COMPENSATION
HUF25M
AGE
67
TENURE
19.2 yrs

Oszkár Világi

TITLE
Executive VP of Innovative Businesses & Services
COMPENSATION
HUF12M
AGE
56
TENURE
8.8 yrs

Zoltán Áldott

TITLE
Chairman of the Supervisory
AGE
51
TENURE
1.8 yrs

Attila Chikán

TITLE
Deputy Chairman of Supervisory Board
AGE
75
TENURE
14.3 yrs

Zsigmond Járai

TITLE
Independent Director
COMPENSATION
HUF22M
AGE
67
TENURE
9.9 yrs

László Parragh

TITLE
Independent Director
COMPENSATION
HUF22M
AGE
57
TENURE
9.9 yrs

Martin Roman

TITLE
Independent Director
COMPENSATION
HUF19M
AGE
49
TENURE
9.9 yrs

Anwar Al Kharusi

TITLE
Independent Director
COMPENSATION
HUF21M
TENURE
5.9 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 (€)
X
Management checks
We assess MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag'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. MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag 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.

News

Simply Wall St News

Company Info

Description

MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag, together with its subsidiaries, engages in the exploration and production of crude oil, natural gas, and gas products in Hungary and internationally. It operates through five business units: Upstream, Downstream, Consumer Services, Gas Midstream, and Corporate and other. The company involved in the refining, transportation, and storage of crude oil; wholesale and retail of crude oil products; production and sale of polymers, olefins, and polyolefin; natural gas transmission; feed water and raw water supply; refinery and marketing of oil, bitumen, and petrochemical products; importing and exporting of energy products; and warehousing and oil product storage activities. It also engages in the provision of transportation, electrical traffic, fleet management, and car sharing services; provision of financial services; operation of thermo-power plants; marketing agency activities; production and distribution of electricity; and retail trade of fuels and lubricants. In addition, the company provides business, accounting, HR, IT, and company services; construction and engineering, pipeline construction, and leasing services; technical consulting services; repair and maintenance services; asset management and investment management services; and real estate management and tourism services, as well as manufactures and sells machinery and equipment. Further, it engages in the production and distribution of mineral water; exploration of hydrocarbon; and provides exploration financing, oilfield, and rental services. MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag was founded in 1991 and is headquartered in Budapest, Hungary.

Details
Name: MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag
MOGG
Exchange: DB
Founded: 1991
HUF3,274,379,652
635,364,231
Website: http://www.mol.hu
Address: MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag
Október huszonharmadika u. 18,
Budapest,
1117,
Hungary
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BUSE MOL Registered Class A Ordinary Shares Budapest Stock Exchange HU HUF 04. Dec 1995
DB MOGB Registered Class A Ordinary Shares Deutsche Boerse AG DE EUR 04. Dec 1995
LSE 0RUK Registered Class A Ordinary Shares London Stock Exchange GB HUF 04. Dec 1995
SEP MOL Registered Class A Ordinary Shares The Stock Exchange Prague Co. Ltd. CZ CZK 04. Dec 1995
WSE MOL Registered Class A Ordinary Shares Warsaw Stock Exchange PL PLN 04. Dec 1995
BATS-CHIXE MOLT Registered Class A Ordinary Shares BATS 'Chi-X Europe' GB HUF 04. Dec 1995
OTCPK MGYO.Y SPON ADR EA 0.5 ORD SHS SER 'A' Pink Sheets LLC US USD 01. Dec 1995
DB MOGG SPON ADR EA 0.5 ORD SHS SER 'A' Deutsche Boerse AG DE EUR 01. Dec 1995
Number of employees
Current staff
Staff numbers
26,032
MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag employees.
Industry
Integrated Oil and Gas
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/30 20:47
End of day share price update: 2020/03/30 00:00
Last estimates confirmation: 2020/03/23
Last earnings filing: 2020/02/21
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.