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1. Company Snapshot

1.a. Company Description

Etablissements Maurel & Prom S.A., an oil and gas exploration company, engages in the exploration and production of hydrocarbons.It operates through three segments: Exploration, Production, and Drilling.As of December 31, 2021, the company had proven and probable reserves of 171 million barrels of oil equivalent.


The company was founded in 1831 and is headquartered in Paris, France.Etablissements Maurel & Prom S.A. is a subsidiary of PT Pertamina Internasional Eksplorasi dan Produksi.

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1.b. Last Insights on MAU

Etablissements Maurel & Prom's recent performance was negatively impacted by leadership changes, including the appointment of Wisnu Santoso as Chairman of the Board. The company's governance reshuffle may have created uncertainty. Additionally, the current market landscape, characterized by trade negotiations and stagnant economic data, has likely affected investor sentiment. The company's activity for the first nine months of 2025, reported on October 16, may provide further insight into its performance. A recent article highlighted Maurel & Prom as an undiscovered European gem with growth potential.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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Dec -04

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Nov -04

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3 Undiscovered European Gems To Enhance Your Portfolio

Oct -24

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Maurel & Prom: Activity for the First Nine Months of 2025

Oct -16

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European Dividend Stocks To Enhance Your Portfolio

Sep -23

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Exploring Etablissements Maurel & Prom And 2 Other Undiscovered European Gems

Sep -17

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Etablissements Maurel & Prom (ENXTPA:MAU) Appoints New Chairman Amid Board Reshuffle

Sep -13

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (4.83%)

6. Segments

Production

Expected Growth: 4.83%

The 4.83% growth in production from Etablissements Maurel & Prom S.A. is driven by increased oil prices, successful drilling campaigns in Gabon and Tanzania, and improved operational efficiency. Additionally, the company's focus on cost optimization and strategic partnerships have contributed to the growth.

Others

Expected Growth: 4.83%

Etablissements Maurel & Prom S.A.'s 4.83% growth is driven by increasing oil prices, successful exploration and production activities, strategic acquisitions, and a strong balance sheet. Additionally, the company's focus on cost optimization, operational efficiency, and dividend payments have contributed to its growth momentum.

Drilling

Expected Growth: 4.83%

Etablissements Maurel & Prom S.A.'s 4.83% growth is driven by increasing oil prices, successful drilling operations in Gabon and Tanzania, and strategic partnerships. The company's focus on cost optimization and operational efficiency also contributed to the growth. Additionally, the company's diversified portfolio and strong cash flow generation enabled it to invest in new projects, further boosting growth.

7. Detailed Products

Oil and Gas Exploration

Etablissements Maurel & Prom S.A. is involved in the exploration, production, and sale of oil and natural gas. The company operates in several countries, including Gabon, Tanzania, and Colombia.

Oil Refining and Marketing

Maurel & Prom operates an oil refinery in Gabon, which produces a range of petroleum products, including gasoline, diesel, and jet fuel.

Lubricants and Petrochemicals

The company manufactures and markets a range of lubricants and petrochemicals, including engine oils, greases, and specialty chemicals.

Energy Trading

Maurel & Prom engages in energy trading, buying and selling crude oil, petroleum products, and natural gas on the international market.

8. Etablissements Maurel & Prom S.A.'s Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Etablissements Maurel & Prom S.A. is medium due to the availability of alternative energy sources and the increasing demand for renewable energy.

Bargaining Power Of Customers

The bargaining power of customers for Etablissements Maurel & Prom S.A. is low due to the company's strong brand reputation and the lack of switching costs for customers.

Bargaining Power Of Suppliers

The bargaining power of suppliers for Etablissements Maurel & Prom S.A. is medium due to the company's dependence on a few key suppliers and the high switching costs associated with changing suppliers.

Threat Of New Entrants

The threat of new entrants for Etablissements Maurel & Prom S.A. is high due to the low barriers to entry in the energy industry and the increasing demand for renewable energy.

Intensity Of Rivalry

The intensity of rivalry for Etablissements Maurel & Prom S.A. is high due to the high level of competition in the energy industry and the company's need to differentiate itself from its competitors.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 18.21%
Debt Cost 8.79%
Equity Weight 81.79%
Equity Cost 8.79%
WACC 8.79%
Leverage 22.26%

11. Quality Control: Etablissements Maurel & Prom S.A. passed 4 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Ithaca Energy

A-Score: 6.7/10

Value: 8.0

Growth: 5.9

Quality: 4.6

Yield: 10.0

Momentum: 10.0

Volatility: 1.7

1-Year Total Return ->

Stock-Card
Deutsche Rohstoff

A-Score: 6.5/10

Value: 7.6

Growth: 9.1

Quality: 6.1

Yield: 5.6

Momentum: 8.0

Volatility: 2.7

1-Year Total Return ->

Stock-Card
Serica Energy

A-Score: 6.1/10

Value: 5.7

Growth: 5.3

Quality: 6.0

Yield: 9.4

Momentum: 9.5

Volatility: 1.0

1-Year Total Return ->

Stock-Card
Maurel & Prom

A-Score: 6.0/10

Value: 7.3

Growth: 6.0

Quality: 8.0

Yield: 8.8

Momentum: 3.5

Volatility: 2.7

1-Year Total Return ->

Stock-Card
Panoro Energy

A-Score: 6.0/10

Value: 8.8

Growth: 8.3

Quality: 6.1

Yield: 6.9

Momentum: 2.0

Volatility: 3.7

1-Year Total Return ->

Stock-Card
Seplat Energy

A-Score: 5.4/10

Value: 7.6

Growth: 4.0

Quality: 5.3

Yield: 8.1

Momentum: 4.5

Volatility: 3.0

1-Year Total Return ->

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

5.07$

Current Price

5.07$

Potential

-0.00%

Expected Cash-Flows