Etablissements Maurel & Prom (FR:MAU)
:MAU
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Etablissements Maurel & Prom
(MAU)
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Rating:74Outperform
Price Target:
€9.00
▼(-5.26% Downside)
Action:Reiterated
Date:04/09/26
The score is driven primarily by very attractive valuation (low P/E and solid yield) and a generally positive technical trend. These are tempered by weaker 2025 fundamentals—especially the sharp cash flow deterioration and lower earnings quality relative to operating performance.
Positive Factors
Strengthening balance sheet
Maurel & Prom's multi-year deleveraging through 2020–2024 and equity growth meaningfully improve financial resilience. This stronger capital structure enhances the company's ability to absorb oil-price volatility, fund development capex from internal resources, and maintain strategic optionality versus highly leveraged peers over the next several quarters.
Negative Factors
2025 revenue decline and margin squeeze
A double-digit revenue drop and compressed operating margins in 2025 reduce cash flow predictability and signal operational or market headwinds. Sustained top-line weakness erodes the company's ability to fund projects internally and raises the bar for management to restore volumes or margins, weakening medium-term growth visibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Strengthening balance sheet
Maurel & Prom's multi-year deleveraging through 2020–2024 and equity growth meaningfully improve financial resilience. This stronger capital structure enhances the company's ability to absorb oil-price volatility, fund development capex from internal resources, and maintain strategic optionality versus highly leveraged peers over the next several quarters.
Read all positive factors
Etablissements Maurel & Prom (MAU) vs. iShares MSCI France ETF (EWQ)
Market Cap
€1.56B
Dividend Yield6.7%
Average Volume (3M)137.68K
Price to Earnings (P/E)4.5
Beta (1Y)0.29
Revenue Growth-31.49%
EPS Growth65.21%
CountryFR
Employees783
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)2.05
Shares Outstanding201,261,570
10 Day Avg. Volume135,204
30 Day Avg. Volume137,683
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)0.87
Price to Sales (P/S)2.17
P/FCF Ratio-60.17
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€6.50Price Target Upside-31.58% Downside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)1.04
Revenue Forecast (FY)€740.84M
Etablissements Maurel & Prom Business Overview & Revenue Model
Company Description
Etablissements Maurel & Prom S.A. is an energy company primarily focused on the exploration and extraction of oil and natural gas. Its business activities are structured into three distinct divisions: locating new deposits, producing hydrocarbons,...
How the Company Makes Money
Maurel & Prom primarily makes money from upstream oil and gas activities. Its main revenue stream is the sale of crude oil (and, where applicable, natural gas) produced from fields in which it holds working interests, with revenue typically driven...
Etablissements Maurel & Prom Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
78
Positive
Cash Flow
55
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 601.57M | 808.39M | 682.15M | 676.48M | 499.67M |
| Gross Profit | 198.79M | 407.82M | 399.48M | 604.01M | 418.00M |
| EBITDA | 259.35M | 340.52M | 321.86M | 430.62M | 279.68M |
| Net Income | 426.72M | 232.68M | 210.19M | 204.82M | 119.73M |
Balance Sheet | |||||
| Total Assets | 2.48B | 2.03B | 1.86B | 1.68B | 1.69B |
| Cash, Cash Equivalents and Short-Term Investments | 567.10M | 235.71M | 211.38M | 225.50M | 208.82M |
| Total Debt | 285.96M | 168.52M | 226.79M | 343.22M | 536.66M |
| Total Liabilities | 936.09M | 826.62M | 807.92M | 807.20M | 997.59M |
| Stockholders Equity | 1.50B | 1.17B | 1.02B | 856.51M | 675.16M |
Cash Flow | |||||
| Free Cash Flow | -21.73M | 131.48M | 124.58M | 263.38M | 115.83M |
| Operating Cash Flow | 162.25M | 272.22M | 270.33M | 365.89M | 280.18M |
| Investing Cash Flow | 74.14M | -30.77M | -113.50M | -167.94M | -157.23M |
| Financing Cash Flow | 31.95M | -144.21M | -195.16M | -255.40M | -95.11M |
Etablissements Maurel & Prom Technical Analysis
Negative
9.50
Price Trends
9.46
Negative
9.22
Negative
7.14
Positive
Market Momentum
-0.35
Positive
29.90
Positive
7.40
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:MAU, the sentiment is Negative. The current price of 9.5 is above the 20-day moving average (MA) of 9.08, above the 50-day MA of 9.46, and above the 200-day MA of 7.14, indicating a neutral trend. The MACD of -0.35 indicates Positive momentum. The RSI at 29.90 is Positive, neither overbought nor oversold. The STOCH value of 7.40 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:MAU.
Etablissements Maurel & Prom Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | €1.56B | 4.46 | 34.90% | 6.70% | -31.49% | 65.21% | |
68 Neutral | €156.62B | 11.40 | 12.75% | 5.87% | -11.10% | 5.79% | |
68 Neutral | €883.80M | 21.81 | 4.13% | 47.20% | -13.69% | -51.41% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
62 Neutral | €595.42M | -6.32 | -5.05% | 6.89% | -36.65% | -187.14% | |
61 Neutral | €199.18M | 83.75 | 4.36% | ― | 23.35% | -49.29% | |
60 Neutral | €3.40B | 10.97 | 14.24% | 8.70% | -1.65% | -9.39% |
* Energy Sector Average
FR:MAU
Etablissements Maurel & Prom
8.07
3.19
65.57%
FR:NAE
Esso Societe Anonyme Francaise
45.22
8.63
23.59%
FR:FDE
La Francaise de l'Energie
37.95
8.95
30.86%
FR:RUI
Rubis SCA
33.26
7.53
29.25%
FR:EC
Totalenergies EP Gabon
201.50
23.16
12.99%
FR:TTE
TotalEnergies SE
71.07
18.67
35.64%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.