Company Valuation: MOL Magyar Olaj- és Gázipari Nyrt

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,577,907 1,644,626 1,790,149 1,735,016 1,873,365 2,479,978 - -
Change - 4.23% 8.85% -3.08% 7.97% 32.38% - -
Enterprise Value (EV) 1 2,200,644 2,161,186 2,501,502 2,483,147 2,548,189 3,127,812 2,959,075 2,819,295
Change - -1.79% 15.75% -0.73% 2.62% 22.75% -5.39% -4.72%
P/E ratio 3.49x 2.26x 3.96x 6.19x 5.85x 8.16x 7.36x 8.69x
PBR 0.66x 0.45x 0.54x 0.41x - 0.7x 0.67x 0.65x
PEG - 0x -0.1x -0.2x 0.4x -1.64x 0.7x -0.6x
Capitalization / Revenue 0.26x 0.17x 0.2x 0.19x 0.22x 0.28x 0.29x 0.31x
EV / Revenue 0.37x 0.22x 0.28x 0.27x 0.29x 0.36x 0.35x 0.35x
EV / EBITDA 1.98x 1.28x 2.23x 5.49x 7.09x 2.82x 2.63x 2.67x
EV / EBIT 3.59x 1.72x 3.69x 4.25x 5.84x 5.6x 5.08x 5.6x
EV / FCF 5.26x 2.8x 9.97x 11.2x 6.11x 8.5x 7.2x 7.25x
FCF Yield 19% 35.8% 10% 8.92% 16.4% 11.8% 13.9% 13.8%
Dividend per Share 2 100 - - 165 275 295.1 299.1 306
Rate of return 3.97% - - 6.04% 9.35% 7.58% 7.68% 7.86%
EPS 2 723 1,151 714 441.1 502.2 477.2 528.5 448.1
Distribution rate 13.8% - - 37.4% 54.8% 61.8% 56.6% 68.3%
Net sales 1 5,959,307 9,868,163 8,908,499 9,178,677 8,696,283 8,761,015 8,408,559 8,065,558
EBITDA 1 1,113,395 1,693,096 1,123,700 452,404 359,609 1,109,153 1,125,447 1,054,149
EBIT 1 612,885 1,259,112 677,575 584,872 436,488 558,429 582,321 503,021
Net income 1 526,135 851,590 529,918 327,265 298,053 356,485 400,984 353,252
Net Debt 1 622,737 516,560 711,353 748,131 674,824 647,834 479,097 339,317
Reference price 2 2,520.00 2,602.00 2,826.00 2,730.00 2,940.00 3,892.00 3,892.00 3,892.00
Nbr of stocks (in thousands) 626,154 632,062 633,457 635,537 637,199 637,199 - -
Announcement Date 2/18/22 2/17/23 2/16/24 2/20/25 2/19/26 - - -
1HUF in Million2HUF
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
8.12x0.36x2.78x7.48% 8.13B
12.78x1.62x7.23x2.73% 629B
19.73x1.65x9.46x0.51% 179B
8.03x0.57x2.84x4.69% 113B
10.19x0.28x4.63x6.99% 82.76B
7.91x0.69x5.92x1.53% 77.7B
8.38x0.6x5.66x1.86% 76.72B
9.31x1.8x4.77x2.76% 74.73B
9.17x0.59x6.89x2.75% 73.54B
11.87x1.39x7.65x2.01% 59.44B
Average 10.55x 0.95x 5.78x 3.33% 137.41B
Weighted average by Cap. 12.17x 1.28x 6.69x 2.74%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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