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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
Leverage improved materially through 2022–2024, strengthening capitalization and reducing solvency risk. A stronger balance sheet supports funding of field development and cushions commodity shocks, improving strategic optionality and access to capital over the coming months.
Negative Factors
Sharp 2025 cash flow deterioration
The 2025 swing to negative free cash flow heightens financing needs and raises project funding and dividend sustainability risks. Reduced internal cash generation tightens liquidity and may force asset sales, higher borrowing, or deferred capex over the next several months.
Read all positive and negative factors
Positive Factors
Negative Factors
Strengthening balance sheet
Leverage improved materially through 2022–2024, strengthening capitalization and reducing solvency risk. A stronger balance sheet supports funding of field development and cushions commodity shocks, improving strategic optionality and access to capital over the coming months.
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)4.4
Beta (1Y)0.28
Revenue Growth-31.49%
EPS Growth65.21%
CountryFR
Employees810
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 TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.06
Revenue Forecast (FY)€686.50M
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 by producing and selling hydrocarbons (mainly crude oil, and where applicable natural gas/associated gas) from its upstream E&P assets. Revenue is generated from its share of production volumes multiplied by rea...
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
Positive
9.50
Price Trends
8.83
Negative
9.34
Negative
7.41
Positive
Market Momentum
-0.26
Negative
45.08
Neutral
58.07
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:MAU, the sentiment is Positive. The current price of 9.5 is above the 20-day moving average (MA) of 7.86, above the 50-day MA of 8.83, and above the 200-day MA of 7.41, indicating a neutral trend. The MACD of -0.26 indicates Negative momentum. The RSI at 45.08 is Neutral, neither overbought nor oversold. The STOCH value of 58.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 | 4.45 | 34.90% | 6.70% | -31.49% | 65.21% | |
68 Neutral | €157.19B | 11.91 | 12.75% | 5.87% | -11.10% | 5.79% | |
68 Neutral | €967.50M | 24.09 | 4.13% | 47.20% | -13.69% | -51.41% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
60 Neutral | €3.28B | 10.74 | 14.24% | 8.70% | -1.65% | -9.39% | |
50 Neutral | €211.34M | 79.41 | 4.36% | ― | 23.35% | -49.29% | |
41 Neutral | €726.28M | -8.08 | -5.05% | 6.89% | -36.65% | -187.14% |
* Energy Sector Average
FR:MAU
Etablissements Maurel & Prom
7.88
3.13
65.93%
FR:NAE
Esso Societe Anonyme Francaise
58.65
17.17
41.39%
FR:FDE
La Francaise de l'Energie
40.40
5.40
15.43%
FR:RUI
Rubis SCA
31.94
5.30
19.91%
FR:EC
Totalenergies EP Gabon
214.50
42.61
24.79%
FR:TTE
TotalEnergies SE
70.64
20.38
40.54%
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.