Financials Murphy Oil Corporation

Equities

MUR

US6267171022

Oil & Gas Exploration and Production

Real-time Estimate Cboe BZX Other stock markets 10:32:24 2024-05-17 am EDT			5-day change	1st Jan Change
43.14 ^USD	+0.55%		-2.67%	+0.94%

May. 13	Mizuho Adjusts Price Target on Murphy Oil to $59 From $55, Keeps Buy Rating	MT
May. 02	Sector Update: Energy Stocks Rise in Thursday Afternoon Trading	MT

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	4,098	1,859	4,033	6,686	6,590	6,593	-	-
Enterprise Value (EV) ¹	6,594	4,536	5,977	8,017	7,602	7,227	7,005	6,596
P/E ratio	3.84 x	-1.62 x	-54.4 x	7.02 x	10.1 x	11.9 x	7.71 x	7.74 x
Yield	3.73%	5.17%	1.91%	1.92%	2.58%	2.55%	2.96%	3.15%
Capitalization / Revenue	1.45 x	0.94 x	1.75 x	1.7 x	1.9 x	1.98 x	1.84 x	1.81 x
EV / Revenue	2.33 x	2.31 x	2.6 x	2.04 x	2.2 x	2.17 x	1.96 x	1.81 x
EV / EBITDA	4.13 x	4.56 x	4.52 x	3.6 x	3.64 x	3.72 x	3.15 x	2.98 x
EV / FCF	-6.18 x	-64.7 x	10.9 x	7.52 x	11.1 x	8.07 x	8.1 x	9.6 x
FCF Yield	-16.2%	-1.54%	9.19%	13.3%	8.98%	12.4%	12.4%	10.4%
Price to Book	0.75 x	0.44 x	0.97 x	1.34 x	1.25 x	1.2 x	1.07 x	0.97 x
Nbr of stocks (in thousands)	152,900	153,599	154,459	155,455	154,473	152,576	-	-
Reference price ²	26.80	12.10	26.11	43.01	42.66	43.21	43.21	43.21
Announcement Date	1/30/20	1/28/21	1/27/22	1/26/23	1/25/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	2,829	1,967	2,299	3,933	3,460	3,336	3,573	3,636
EBITDA ¹	1,596	993.8	1,322	2,229	2,088	1,945	2,225	2,214
EBIT ¹	366.5	-79.94	561	1,348	969.9	976.1	1,296	1,237
Operating Margin	12.95%	-4.06%	24.4%	34.27%	28.03%	29.26%	36.27%	34.02%
Earnings before Tax (EBT) ¹	203.5	-1,549	42.89	1,450	921.1	903.7	1,302	1,278
Net income ¹	1,150	-1,149	-73.66	965	661.6	572.2	835.2	805.3
Net margin	40.64%	-58.39%	-3.2%	24.54%	19.12%	17.15%	23.37%	22.15%
EPS ²	6.980	-7.480	-0.4800	6.130	4.220	3.633	5.607	5.585
Free Cash Flow ¹	-1,067	-70.06	549.4	1,066	682.7	895.3	865.2	687
FCF margin	-37.73%	-3.56%	23.89%	27.11%	19.73%	26.84%	24.21%	18.9%
FCF Conversion (EBITDA)	-	-	41.57%	47.83%	32.69%	46.04%	38.88%	31.03%
FCF Conversion (Net income)	-	-	-	110.49%	103.2%	156.47%	103.6%	85.31%
Dividend per Share ²	1.000	0.6250	0.5000	0.8250	1.100	1.100	1.280	1.360
Announcement Date	1/30/20	1/28/21	1/27/22	1/26/23	1/25/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2
Net sales ¹	739	553	1,101	1,303	975.2	841.7	814.6	959.6	844.2	796.4	810.5	848.2	895.3	881.4	870.6
EBITDA ¹	338.1	408.9	647.2	646.6	526.8	487.7	484.5	620.1	496.4	423.5	451.2	519.7	547.4	547.1	558.3
EBIT ¹	165.9	252.3	436.1	429.4	270.1	298.4	196.4	365.6	169.1	220.8	235.5	287.4	309.8	347.5	326.4
Operating Margin	22.45%	45.63%	39.61%	32.94%	27.7%	35.45%	24.11%	38.1%	20.03%	27.72%	29.05%	33.88%	34.6%	39.43%	37.49%
Earnings before Tax (EBT) ¹	261.3	-81.9	515.5	733.9	282.7	267.9	127.3	356.3	169.5	145.6	174.3	263.7	294.9	342.8	320.7
Net income ¹	168.4	-113.3	350.6	528.4	199.4	191.6	98.29	255.3	116.3	90	112.1	169	191.2	198	196.2
Net margin	22.79%	-20.5%	31.84%	40.54%	20.45%	22.77%	12.07%	26.61%	13.77%	11.3%	13.83%	19.93%	21.36%	22.47%	22.54%
EPS ²	1.080	-0.7300	2.230	3.360	1.260	1.220	0.6200	1.630	0.7500	0.5900	0.7339	1.108	1.263	1.312	1.312
Dividend per Share ²	0.1250	0.1500	-	0.2500	-	0.2750	0.2750	0.2750	0.2750	-	0.2750	0.2750	0.2750	0.3025	0.3025
Announcement Date	1/27/22	5/4/22	8/4/22	11/3/22	1/26/23	5/3/23	8/3/23	11/2/23	1/25/24	5/2/24	-	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	2,497	2,678	1,944	1,331	1,012	634	412	3.31
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	1.564 x	2.694 x	1.471 x	0.5971 x	0.4846 x	0.3259 x	0.1852 x	0.001496 x
Free Cash Flow ¹	-1,067	-70.1	549	1,066	683	895	865	687
ROE (net income / shareholders' equity)	2.8%	-23.7%	4.77%	19.2%	12.8%	11.6%	13.8%	12.7%
ROA (Net income/ Total Assets)	10.1%	-10.3%	-0.7%	9.36%	6.59%	6.8%	7.5%	-
Assets ¹	11,383	11,169	10,462	10,307	10,038	8,415	11,136	-
Book Value Per Share ²	35.80	27.40	26.90	32.10	34.20	35.90	40.50	44.40
Cash Flow per Share ²	9.040	5.230	9.220	13.80	11.20	12.40	14.00	13.60
Capex ¹	1,344	873	688	1,114	1,066	969	1,091	1,108
Capex / Sales	47.52%	44.36%	29.93%	28.33%	30.81%	29.05%	30.52%	30.47%
Announcement Date	1/30/20	1/28/21	1/27/22	1/26/23	1/25/24	-	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Murphy Oil Corporation

Trading Rating

Investor Rating

ESG Refinitiv

B-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

43.21 USD

Average target price

52.53 USD

Spread / Average Target

+21.57%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Oil & Gas Exploration and Production

	1st Jan change	Capi.
MURPHY OIL CORPORATION	+0.94%	6.59B
CHEVRON CORPORATION	+8.51%	297B
CONOCOPHILLIPS	+3.91%	140B
CNOOC LIMITED	+48.92%	122B
CANADIAN NATURAL RESOURCES LIMITED	+19.72%	80.94B
EOG RESOURCES, INC.	+6.32%	73.52B
OCCIDENTAL PETROLEUM CORPORATION	+5.82%	55.73B
HESS CORPORATION	+8.63%	48B
WOODSIDE ENERGY GROUP LTD	-11.43%	35.4B
DIAMONDBACK ENERGY, INC.	+25.86%	34.7B

Other Oil & Gas Exploration and Production