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 2,432,825 2,432,825 -
Change - 13.39% 4.23% 8.85% -3.08% 40.22% 0% -
Enterprise Value (EV) 1 2,325,952 2,200,644 2,161,186 2,501,502 2,483,147 3,139,472 2,950,075 2,894,545
Change - -5.39% -1.79% 15.75% -0.73% 26.43% -6.03% -1.88%
P/E ratio -99.5x 3.49x 2.26x 3.96x 6.19x 7.14x 7.74x 7.73x
PBR 0.62x 0.66x 0.45x 0.54x 0.41x 0.67x 0.65x 0.63x
PEG - -0x 0x -0.1x -0.2x 0.3x -1x 74.35x
Capitalization / Revenue 0.35x 0.26x 0.17x 0.2x 0.19x 0.29x 0.3x 0.28x
EV / Revenue 0.58x 0.37x 0.22x 0.28x 0.27x 0.38x 0.36x 0.34x
EV / EBITDA 3.82x 1.98x 1.28x 2.23x 5.49x 2.83x 2.71x 2.7x
EV / EBIT 34.5x 3.59x 1.72x 3.69x 4.25x 5.38x 5.27x 5.41x
EV / FCF 17.9x 5.26x 2.8x 9.97x 11.2x 7.59x 7.7x 7.82x
FCF Yield 5.59% 19% 35.8% 10% 8.92% 13.2% 13% 12.8%
Dividend per Share 2 95.02 100 - - 165 273 279.6 277.6
Rate of return 4.34% 3.97% - - 6.04% 7.15% 7.32% 7.27%
EPS 2 -22 723 1,151 714 441.1 534.8 493.3 493.8
Distribution rate -432% 13.8% - - 37.4% 51% 56.7% 56.2%
Net sales 1 4,011,022 5,959,307 9,868,163 8,908,499 9,178,677 8,361,581 8,153,604 8,558,636
EBITDA 1 609,506 1,113,395 1,693,096 1,123,700 452,404 1,109,852 1,088,192 1,070,826
EBIT 1 67,366 612,885 1,259,112 677,575 584,872 583,219 559,624 535,035
Net income 1 -15,939 526,135 851,590 529,918 327,265 412,304 397,817 389,290
Net Debt 1 934,400 622,737 516,560 711,353 748,131 706,647 517,249 461,720
Reference price 2 2,190.00 2,520.00 2,602.00 2,826.00 2,730.00 3,818.00 3,818.00 3,818.00
Nbr of stocks (in thousands) 635,412 626,154 632,062 633,457 635,537 637,199 637,199 -
Announcement Date 19/02/21 18/02/22 17/02/23 16/02/24 20/02/25 - - -
1HUF in Million2HUF
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
7.1x0.37x2.82x7.19% 7.58B
22.6x2.06x9.7x2.57% 650B
23.78x2.19x11.98x0.41% 219B
15.29x0.38x6.23x4.64% 109B
14.14x0.71x3.62x5.09% 99.14B
16.44x1.97x6.22x3.05% 66.45B
27.28x0.64x10.52x2.94% 65.07B
29.21x0.56x9.33x2.21% 62.2B
19.02x0.69x8.06x1.78% 61.55B
20.89x1.65x10.81x1.74% 57.73B
Average 19.57x 1.12x 7.93x 3.16% 139.75B
Weighted average by Cap. 21.52x 1.63x 9.15x 2.55%

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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