Company Valuation: MOL Magyar Olaj- és Gázipari Nyrt

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 1,391,552 1,577,907 1,644,626 1,790,149 1,735,016 1,859,582 - -
Change - 13.39% 4.23% 8.85% -3.08% 7.18% - -
Enterprise Value (EV) 1 2,325,952 2,200,644 2,161,186 2,501,502 2,483,147 2,591,212 2,464,893 2,407,291
Change - -5.39% -1.79% 15.75% -0.73% 4.35% -4.87% -2.34%
P/E ratio -99.5x 3.49x 2.26x 3.96x 6.19x 4.67x 5.45x 5.83x
PBR 0.62x 0.66x 0.45x 0.54x - 0.5x 0.49x 0.48x
PEG - -0x 0x -0.1x -0.2x 0.1x -0.4x -0.89x
Capitalization / Revenue 0.35x 0.26x 0.17x 0.2x 0.19x 0.23x 0.23x 0.21x
EV / Revenue 0.58x 0.37x 0.22x 0.28x 0.27x 0.33x 0.3x 0.28x
EV / EBITDA 3.82x 1.98x 1.28x 2.23x 5.49x 2.26x 2.24x 2.15x
EV / EBIT 34.5x 3.59x 1.72x 3.69x 4.25x 4.25x 4.01x 3.89x
EV / FCF 17.9x 5.26x 2.8x 9.97x 11.2x 5.77x 6.22x 7.26x
FCF Yield 5.59% 19% 35.8% 10% 8.92% 17.3% 16.1% 13.8%
Dividend per Share 2 95.02 100 - - - 277 270 272.1
Rate of return 4.34% 3.97% - - - 9.47% 9.23% 9.3%
EPS 2 -22 723 1,151 714 441.1 626.6 536.5 501.5
Distribution rate -432% 13.8% - - - 44.2% 50.3% 54.3%
Net sales 1 4,011,022 5,959,307 9,868,163 8,908,499 9,178,677 7,944,292 8,234,302 8,695,126
EBITDA 1 609,506 1,113,395 1,693,096 1,123,700 452,404 1,148,689 1,100,947 1,120,145
EBIT 1 67,366 612,885 1,259,112 677,575 584,872 610,231 614,135 618,200
Net income 1 -15,939 526,135 851,590 529,918 327,265 454,592 434,420 378,232
Net Debt 1 934,400 622,737 516,560 711,353 748,131 731,631 605,311 547,710
Reference price 2 2,190.00 2,520.00 2,602.00 2,826.00 2,730.00 2,926.00 2,926.00 2,926.00
Nbr of stocks (in thousands) 635,412 626,154 632,062 633,457 635,537 635,537 - -
Announcement Date 2/19/21 2/18/22 2/17/23 2/16/24 2/20/25 - - -
1HUF in Million2HUF
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
4.67x0.33x2.26x9.47% 5.34B
16.84x1.58x7.67x3.57% 483B
27.3x2.14x12.3x0.36% 211B
9.33x0.35x5.28x7.48% 93.3B
11.35x0.62x3.37x6.24% 81.88B
22.57x0.62x7.65x2.21% 51.04B
23.59x0.53x9.85x3.88% 49.77B
39.53x0.41x8.54x3.37% 42B
14.45x1.06x8.29x2.54% 41.66B
7.08x0.62x4.14x5% 36.75B
Average 17.67x 0.82x 6.93x 4.41% 109.56B
Weighted average by Cap. 18.77x 1.31x 8.05x 3.47%
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Year-on-year evolution of the PER

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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