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Petro Matad
(LSE:MATD)
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Rating:45Neutral
Price Target:
0.98 p
▼(-11.36% Downside)
Action:Reiterated
Date:06/26/26
The score is primarily weighed down by weak financial performance: large ongoing losses, negative margins, and continued negative operating/free cash flow. Technicals also lean bearish with price below major moving averages and a negative MACD, despite oversold readings. The low-debt balance sheet provides some resilience, and valuation is difficult to assess due to negative earnings and no dividend data.
Positive Factors
Conservative balance sheet / low leverage
Extremely low debt reduces refinancing and solvency risk, giving the company structural resilience while it explores. A conservative capital structure lengthens runway, lowers default probability and makes it easier to negotiate farm-outs or raise project-specific partner funding.
Negative Factors
Persistent unprofitability and negative margins
Large, sustained negative margins mean current scale does not cover costs, eroding equity and limiting internal funding for exploration. Over months this structural unprofitability pressures returns, weakens negotiating leverage and increases reliance on external capital or asset sales.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet / low leverage
Extremely low debt reduces refinancing and solvency risk, giving the company structural resilience while it explores. A conservative capital structure lengthens runway, lowers default probability and makes it easier to negotiate farm-outs or raise project-specific partner funding.
Read all positive factors
Petro Matad (MATD) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£19.52M
Dividend YieldN/A
Average Volume (3M)20.72M
Price to Earnings (P/E)―
Beta (1Y)-0.12
Revenue Growth356.85%
EPS Growth70.77%
CountryUK
Employees16
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding1,858,800,400
10 Day Avg. Volume43,137,580
30 Day Avg. Volume20,721,822
Financial Highlights & Ratios
PEG Ratio0.08
Price to Book (P/B)1.28
Price to Sales (P/S)8.06
P/FCF Ratio-11.88
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)>-0.01
Revenue Forecast (FY)£4.16M
Petro Matad Business Overview & Revenue Model
Company Description
Petro Matad Limited is an oil and gas company primarily engaged in the exploration, development, and production of oil resources within Mongolia. The company holds complete ownership (100% interest) of two significant production sharing contract (...
How the Company Makes Money
Petro Matad’s business model is primarily exploration-led and is typically monetized through a combination of (1) license and prospect transactions (e.g., farm-outs where a partner funds exploration or development in exchange for an interest in a ...
Petro Matad Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
22
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.98M | 820.00K | 351.00K | 201.00K | 46.00K |
| Gross Profit | -1.61M | 185.00K | 161.00K | 52.00K | -135.00K |
| EBITDA | -2.03M | -10.45M | -5.74M | -2.80M | -2.09M |
| Net Income | -4.32M | -10.92M | -5.93M | -2.95M | -2.12M |
Balance Sheet | |||||
| Total Assets | 21.65M | 20.86M | 21.40M | 21.08M | 24.09M |
| Cash, Cash Equivalents and Short-Term Investments | 3.09M | 2.96M | 4.03M | 2.49M | 8.21M |
| Total Debt | 116.04K | 109.00K | 0.00 | 0.00 | 6.00K |
| Total Liabilities | 2.82M | 1.63M | 348.00K | 456.00K | 377.00K |
| Stockholders Equity | 18.83M | 19.23M | 21.05M | 20.63M | 23.71M |
Cash Flow | |||||
| Free Cash Flow | -2.02M | -10.15M | -3.52M | -2.94M | -2.39M |
| Operating Cash Flow | -1.70M | -9.80M | -3.49M | -2.73M | -2.38M |
| Investing Cash Flow | -845.37K | 2.50M | -3.49M | 3.31M | -7.05M |
| Financing Cash Flow | 3.70M | 8.78M | 5.97M | -122.00K | 9.65M |
Petro Matad Technical Analysis
Negative
1.10
Price Trends
1.10
Negative
1.20
Negative
1.17
Negative
Market Momentum
-0.02
Negative
39.91
Neutral
55.53
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:MATD, the sentiment is Negative. The current price of 1.1 is above the 20-day moving average (MA) of 1.06, below the 50-day MA of 1.10, and below the 200-day MA of 1.17, indicating a bearish trend. The MACD of -0.02 indicates Negative momentum. The RSI at 39.91 is Neutral, neither overbought nor oversold. The STOCH value of 55.53 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:MATD.
Petro Matad Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
52 Neutral | £39.36M | -23.04 | -7.42% | ― | ― | 51.66% | |
46 Neutral | £26.60M | -9.50 | -78.82% | ― | ― | ― | |
45 Neutral | £19.52M | -5.76 | -23.44% | ― | 356.85% | 70.77% | |
44 Neutral | £27.02M | -10.71 | -8.49% | ― | ― | 2.38% | |
43 Neutral | £29.83M | -1.72 | -30.10% | ― | 4.05% | -513.85% | |
41 Neutral | £3.89M | -0.16 | -683.46% | ― | ― | 85.90% |
* Energy Sector Average
GB:MATD
Petro Matad
1.03
0.22
28.12%
GB:EOG
Europa Oil & Gas (Holdings)
1.90
1.17
162.07%
GB:JOG
Jersey Oil and Gas
120.50
21.50
21.72%
GB:SOU
Sound Energy
1.75
-5.25
-75.00%
GB:ZEN
Zenith Energy
3.90
-0.20
-4.88%
GB:PRD
Predator Oil & Gas Holdings Plc
3.00
-0.35
-10.45%
Petro Matad Corporate Events
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Petro Matad Narrows Loss as Mongolian Output Rises and Renewable Pipeline Builds
Positive
Jun 25, 2026
Petro Matad reported a sharply reduced net loss of $4.23 million for 2025, supported by first full-year oil revenues of about $2 million from its Heron-1 and newly onstream Gazelle-1 wells in Block XX, where average output reached 168 bopd. Year-e...
Business Operations and StrategyShareholder Meetings
Petro Matad Wins Full Shareholder Backing at Mongolia AGM
Positive
May 28, 2026
Petro Matad Limited, the AIM-quoted Mongolian oil explorer and producer with key interests in Block XX and Block VII and a growing presence in renewable energy through its SunSteppe joint venture, operates as a key participant in Mongolia’s ...
Business Operations and StrategyFinancial DisclosuresShareholder Meetings
Petro Matad Nears PetroChina Sales Deal as Output Holds Steady and Renewables Pipeline Grows
Positive
May 28, 2026
Petro Matad reported that approval of its 2026 Oil Sales Agreement with PetroChina is now expected imminently, enabling the sale of around 35,000 barrels of accumulated Block XX production at higher prevailing prices. Output from the Heron-1 and G...
Shareholder Meetings
Petro Matad Sets Out Hybrid AGM Arrangements and Shareholder Engagement Steps
Neutral
May 15, 2026
Petro Matad has detailed the logistics for its Annual General Meeting, scheduled for 28 May 2026 in Ulaanbaatar, including requirements for in-person attendance such as proof of shareholding. The company will also provide online access via the Inv...
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.