Petro Matad Limited (GB:MATD)
LSE:MATD
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Petro Matad
(LSE:MATD)
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Rating:50Neutral
Price Target:
1.00 p
▼(-9.09% Downside)
Action:N/ADate:01/04/26
The score is held back primarily by very weak profitability and consistently negative (and worsening) free cash flow, despite sharp revenue growth. A strong, low-debt balance sheet provides an important offset, while technical signals are mixed/neutral and valuation remains challenging due to losses and lack of dividend data.
Positive Factors
Low Leverage / Balance Sheet Strength
Very low debt provides durable financial flexibility for a capital-intensive E&P company. It reduces refinancing and interest risk during multi-year exploration cycles, enabling the business to fund seismic and drilling programs or weather setbacks without immediate reliance on dilutive capital raises.
Negative Factors
Severely Negative Profitability
Persistently large net losses and an extreme negative margin are structural concerns that erode equity and limit reinvestment capacity. Without a clear path to sustained profitability, the company risks diluting shareholders, cutting programs, or needing asset sales to stabilise its capital base over the coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage / Balance Sheet Strength
Very low debt provides durable financial flexibility for a capital-intensive E&P company. It reduces refinancing and interest risk during multi-year exploration cycles, enabling the business to fund seismic and drilling programs or weather setbacks without immediate reliance on dilutive capital raises.
Read all positive factors
Petro Matad (MATD) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£24.63M
Dividend YieldN/A
Average Volume (3M)20.72M
Price to Earnings (P/E)―
Beta (1Y)0.17
Revenue GrowthN/A
EPS GrowthN/A
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 Ratio-0.04
Price to Book (P/B)1.29
Price to Sales (P/S)30.33
P/FCF Ratio-2.45
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)£3.05M
Petro Matad Business Overview & Revenue Model
Company Description
Petro Matad Limited, together with its subsidiaries, explores for, develops, and produces oil in Mongolia. It holds 100% interests in production sharing contract blocks, including Ongi Block V that covers an area of approximately 7,937 square kilo...
How the Company Makes Money
Petro Matad’s revenue model is primarily linked to monetising oil and gas assets in Mongolia, but specific, current revenue streams (e.g., recurring production revenue versus pre-revenue exploration funding) are not available from the information ...
Petro Matad Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
74
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.03M | 820.00K | 351.00K | 201.00K | 46.00K | 64.00K |
| Gross Profit | 1.47M | 185.00K | 161.00K | 52.00K | -135.00K | -160.00K |
| EBITDA | -9.28M | -10.45M | -5.74M | -2.80M | -2.09M | -3.15M |
| Net Income | -10.05M | -10.92M | -5.93M | -2.95M | -2.12M | -3.25M |
Balance Sheet | ||||||
| Total Assets | 19.78M | 20.86M | 21.40M | 21.08M | 24.09M | 16.86M |
| Cash, Cash Equivalents and Short-Term Investments | 2.38M | 2.96M | 4.03M | 2.49M | 8.21M | 950.00K |
| Total Debt | 38.07K | 109.00K | 0.00 | 0.00 | 6.00K | 25.00K |
| Total Liabilities | 2.17M | 1.63M | 348.00K | 456.00K | 377.00K | 389.00K |
| Stockholders Equity | 17.61M | 19.23M | 21.05M | 20.63M | 23.71M | 16.47M |
Cash Flow | ||||||
| Free Cash Flow | -8.61M | -10.15M | -3.52M | -2.94M | -2.39M | -3.28M |
| Operating Cash Flow | -8.26M | -9.80M | -3.49M | -2.73M | -2.38M | -3.26M |
| Investing Cash Flow | 450.00K | 2.50M | -3.49M | 3.31M | -7.05M | 1.49M |
| Financing Cash Flow | 8.78M | 8.78M | 5.97M | -122.00K | 9.65M | -83.00K |
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% | |
57 Neutral | £60.05M | -51.39 | -7.06% | ― | 65.32% | 97.00% | |
53 Neutral | £10.62M | -0.66 | -45.38% | ― | ― | ― | |
51 Neutral | £21.06M | ― | ― | ― | ― | ― | |
50 Neutral | £24.63M | -3.81 | -54.57% | ― | ― | ― | |
47 Neutral | £28.93M | -5.90 | -12.26% | ― | ― | ― | |
44 Neutral | £37.73M | -16.69 | -6.84% | ― | ― | ― |
* Energy Sector Average
GB:MATD
Petro Matad
1.33
-0.18
-11.67%
GB:EOG
Europa Oil & Gas (Holdings)
1.60
1.00
166.67%
GB:JOG
Jersey Oil and Gas
115.50
28.00
32.00%
GB:SOU
Sound Energy
4.65
-2.10
-31.11%
GB:ZEN
Zenith Energy
9.25
2.15
30.28%
GB:PRD
Predator Oil & Gas Holdings Plc
3.55
1.30
57.78%
Petro Matad Corporate Events
Business Operations and StrategyFinancial Disclosures
Petro Matad Secures Withheld Revenue and Advances Mongolian Oil and Renewables Portfolio
Positive
Feb 18, 2026
Petro Matad has resolved a revenue dispute with PetroChina, receiving $1.03 million in previously withheld 2025 production payments, and is close to finalising its 2026 Oil Sales Agreement while maintaining steady output from its Heron-1 and Gazel...
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.