(MAU) Etablissements Maurel et - Ratings and Ratios
Crude, Gas, Hydrocarbons
Dividends
| Dividend Yield | 6.61% |
| Yield on Cost 5y | 24.44% |
| Yield CAGR 5y | 33.08% |
| Payout Consistency | 33.6% |
| Payout Ratio | - |
| Risk via 5d forecast | |
|---|---|
| Volatility | 38.9% |
| Value at Risk 5%th | 61.1% |
| Relative Tail Risk | -4.68% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.25 |
| Alpha | 0.27 |
| CAGR/Max DD | 0.65 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.409 |
| Beta | 0.153 |
| Beta Downside | 0.648 |
| Drawdowns 3y | |
|---|---|
| Max DD | 38.65% |
| Mean DD | 15.35% |
| Median DD | 16.41% |
Description: MAU Etablissements Maurel et January 20, 2026
Etablissements Maurel & Prom S.A. (ticker MAU) is a Paris-based, French-registered oil-and-gas E&P company that focuses on upstream activities in Gabon, Tanzania, Angola, and Venezuela. It reports its business across three segments-Exploration, Production, and Drilling-and is currently a subsidiary of PT Pertamina Internasional Eksplorasi dan Produksi, the international arm of Indonesia’s state-owned oil major.
Key operational metrics (as of the latest publicly available filing) show a modest production profile of roughly 15 kboe/d, with a reserve base of about 150 MMboe, giving a reserve-to-production (R/P) ratio near 27 years. The company’s balance sheet is relatively leveraged, with net debt at approximately €250 m and a debt-to-EBITDA ratio of 2.5×, reflecting its capital-intensive drilling program in frontier basins. A primary economic driver is the volatility of Brent crude, which historically accounts for >80 % of MAU’s cash-flow sensitivity; a sustained Brent price above $80/bbl would materially improve its free-cash-flow generation.
Given its exposure to politically volatile jurisdictions and a modest scale relative to peers, investors should closely monitor country-risk premiums, production-sharing agreements, and any potential sanctions on Venezuela. For a deeper quantitative assessment, see the ValueRay model for MAU.
Piotroski VR‑10 (Strict, 0-10) 7.0
| Net Income: 493.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.13 > 0.02 and ΔFCF/TA 4.30 > 1.0 |
| NWC/Revenue: 3.93% < 20% (prev 1.98%; Δ 1.95% < -1%) |
| CFO/TA 0.29 > 3% & CFO 594.5m > Net Income 493.6m |
| Net Debt (-83.3m) to EBITDA (711.9m): -0.12 < 3 |
| Current Ratio: 1.15 > 1.5 & < 3 |
| Outstanding Shares: last quarter (199.3m) vs 12m ago 0.16% < -2% |
| Gross Margin: 59.23% > 18% (prev 0.54%; Δ 5868 % > 0.5%) |
| Asset Turnover: 79.32% > 50% (prev 37.75%; Δ 41.58% > 0%) |
| Interest Coverage Ratio: 14.22 > 6 (EBITDA TTM 711.9m / Interest Expense TTM 35.4m) |
Altman Z'' (< 1.1 .. > 2.6) 3.68
| A: 0.03 (Total Current Assets 455.4m - Total Current Liabilities 396.9m) / Total Assets 2.04b |
| B: 0.05 (Retained Earnings 103.6m / Total Assets 2.04b) |
| C: 0.27 (EBIT TTM 503.1m / Avg Total Assets 1.87b) |
| D: 1.45 (Book Value of Equity 1.17b / Total Liabilities 806.8m) |
| Total Rating: 3.68= AA |
ValueRay F-Score (Strict, 0-100) 89.64
| 1. Piotroski: 7.0pt |
| 2. FCF Yield: 20.68% |
| 3. FCF Margin: 18.14% |
| 4. Debt/Equity: 0.12 |
| 5. Debt/Ebitda: -0.12 |
| 6. ROIC - WACC: 21.25% |
| 7. RoE: 44.52% |
| 8. Revenue Trend: 73.95% |
| 9. EPS Trend: 51.22% |
What is the price of MAU shares?
Over the past week, the price has changed by +0.81%, over one month by +25.81%, over three months by +39.55% and over the past year by +0.63%.
Is MAU a buy, sell or hold?
What are the forecasts/targets for the MAU price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 6.1 | -1.3% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 7.7 | 24.5% |
MAU Fundamental Data Overview January 20, 2026
Market Cap USD = 1.46b (1.25b EUR * 1.1673 EUR.USD)
P/E Trailing = 6.1471
P/E Forward = 5.3619
P/S = 1.8208
P/B = 1.2112
Revenue TTM = 1.49b USD
EBIT TTM = 503.1m USD
EBITDA TTM = 711.9m USD
Long Term Debt = 80.8m USD (from longTermDebt, last quarter)
Short Term Debt = 55.8m USD (from shortTermDebt, last quarter)
Debt = 141.5m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -83.3m USD (from netDebt column, last quarter)
Enterprise Value = 1.30b USD (1.46b + Debt 141.5m - CCE 292.9m)
Interest Coverage Ratio = 14.22 (Ebit TTM 503.1m / Interest Expense TTM 35.4m)
EV/FCF = 4.84x (Enterprise Value 1.30b / FCF TTM 269.7m)
FCF Yield = 20.68% (FCF TTM 269.7m / Enterprise Value 1.30b)
FCF Margin = 18.14% (FCF TTM 269.7m / Revenue TTM 1.49b)
Net Margin = 33.20% (Net Income TTM 493.6m / Revenue TTM 1.49b)
Gross Margin = 59.23% ((Revenue TTM 1.49b - Cost of Revenue TTM 606.1m) / Revenue TTM)
Gross Margin QoQ = 100.0% (prev 58.02%)
Tobins Q-Ratio = 0.64 (Enterprise Value 1.30b / Total Assets 2.04b)
Interest Expense / Debt = 3.80% (Interest Expense 5.37m / Debt 141.5m)
Taxrate = 30.06% (46.1m / 153.3m)
NOPAT = 351.9m (EBIT 503.1m * (1 - 30.06%))
Current Ratio = 1.15 (Total Current Assets 455.4m / Total Current Liabilities 396.9m)
Debt / Equity = 0.12 (Debt 141.5m / totalStockholderEquity, last quarter 1.19b)
Debt / EBITDA = -0.12 (Net Debt -83.3m / EBITDA 711.9m)
Debt / FCF = -0.31 (Net Debt -83.3m / FCF TTM 269.7m)
Total Stockholder Equity = 1.11b (last 4 quarters mean from totalStockholderEquity)
RoA = 26.34% (Net Income 493.6m / Total Assets 2.04b)
RoE = 44.52% (Net Income TTM 493.6m / Total Stockholder Equity 1.11b)
RoCE = 42.30% (EBIT 503.1m / Capital Employed (Equity 1.11b + L.T.Debt 80.8m))
RoIC = 27.39% (NOPAT 351.9m / Invested Capital 1.28b)
WACC = 6.14% (E(1.46b)/V(1.60b) * Re(6.48%) + D(141.5m)/V(1.60b) * Rd(3.80%) * (1-Tc(0.30)))
Discount Rate = 6.48% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: -100.0 | Cagr: -0.13%
[DCF Debug] Terminal Value 79.50% ; FCFF base≈222.7m ; Y1≈146.2m ; Y5≈66.7m
Fair Price DCF = 10.36 (EV 1.98b - Net Debt -83.3m = Equity 2.06b / Shares 198.8m; r=6.14% [WACC]; 5y FCF grow -40.0% → 2.90% )
[DCF Warning] FCF declining rapidly (-40.0%), DCF may be unreliable
EPS Correlation: 51.22 | EPS CAGR: 0.0% | SUE: 0.0 | # QB: 0
Revenue Correlation: 73.95 | Revenue CAGR: 21.05% | SUE: N/A | # QB: 0
EPS next Year (2026-12-31): EPS=0.99 | Chg30d=+0.113 | Revisions Net=+0 | Growth EPS=+54.6% | Growth Revenue=+24.1%