OMV Aktiengesellschaft (OMVKY)
OTHER OTC:OMVKY
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OMV Aktiengesellschaft
(OTC:OMVKY)
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Rating:68Neutral
Price Target:
$19.50
â–²(43.28% Upside)
Action:DowngradedDate:02/06/26
The score is driven primarily by resilient cash generation and manageable leverage despite a clear earnings downcycle. Technicals are supportive with the stock trading above major moving averages and positive MACD. A high dividend yield helps valuation, while earnings-call guidance flags near-term margin pressure (refining and chemicals) and a temporary leverage increase after the BGI closing.
Positive Factors
Resilient cash generation
OMV's operating cash flow remained robust (~€5.0B in 2025) with free cash flow improving to ~€1.31B. Durable cash generation funds disciplined CapEx, a shareholder distribution policy and provides buffer for deleveraging and investment through commodity cycles.
Negative Factors
Prolonged earnings downcycle
OMV has experienced multi‑year revenue declines and a material fall in net income (to ~€1.0B in 2025 from ~€3.7B in 2022). Protracted cyclical weakness pressures return on equity, limits capital rebuilding and reduces flexibility to absorb future commodity or demand shocks.
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Positive Factors
Negative Factors
Resilient cash generation
OMV's operating cash flow remained robust (~€5.0B in 2025) with free cash flow improving to ~€1.31B. Durable cash generation funds disciplined CapEx, a shareholder distribution policy and provides buffer for deleveraging and investment through commodity cycles.
Read all positive factors
OMV Aktiengesellschaft (OMVKY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$23.19B
Dividend Yield9.56%
Average Volume (3M)805.00
Price to Earnings (P/E)63.7
Beta (1Y)0.25
Revenue Growth-23.01%
EPS Growth-3.64%
CountryUS
Employees23,463
SectorEnergy
Sector Strength52
IndustryOil & Gas Integrated
Share Statistics
EPS (TTM)0.49
Shares Outstanding1,309,091,000
10 Day Avg. Volume0
30 Day Avg. Volume805
Financial Highlights & Ratios
PEG Ratio-2.18
Price to Book (P/B)4.33
Price to Sales (P/S)2.66
P/FCF Ratio47.34
Enterprise Value/Market Cap1.10
Enterprise Value/Revenue1.06
Enterprise Value/Gross Profit4.79
Enterprise Value/Ebitda4.59
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)2.16
Revenue Forecast (FY)$31.48B
OMV Aktiengesellschaft Business Overview & Revenue Model
Company Description
OMV Aktiengesellschaft operates as an energy and chemicals company in Austria, Germany, Romania, Norway, New Zealand, the United Arab Emirates, the rest of Central and Eastern Europe, the rest of Europe, and internationally. The company operates t...
How the Company Makes Money
OMV primarily makes money through multiple operating segments that generate revenue from selling hydrocarbons, fuels, and chemical products, as well as from energy-related services and trading. (1) Exploration & Production (upstream): OMV earns re...
OMV Aktiengesellschaft Earnings Call Summary
Earnings Call Date:Feb 04, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 30, 2026
Earnings Call Sentiment Positive
The call presents a largely positive financial and strategic picture: OMV delivered very strong operating cash flow, maintained an attractive dividend, advanced major growth and decarbonization projects, secured financing for the BGI transaction and achieved substantial efficiency program progress. These positives are tempered by weaker Clean CCS results versus the prior year (partly driven by one‑off comparatives), commodity price declines, reduced E&P production due to asset divestment and natural declines, and a subdued chemicals market in the near term. The company expects leverage to rise after the BGI close but to remain within conservative limits and provided disciplined CapEx guidance for 2026.Positive Updates
Robust operating cash flow and shareholder distributions
Full-year cash flow from operating activities of EUR 5.2 billion (only 4% below prior year). Fourth-quarter operating cash flow of ~EUR 1.7 billion, up >60% year‑on‑year. Free cash flow positive at EUR 180 million after EUR 2.3 billion of dividends. Proposed total dividend of EUR 4.40 per share (regular EUR 3.15 + additional EUR 1.25), representing a 9.3% yield and 28% of operating cash flow.
Negative Updates
Clean CCS operating result decline
Full-year Clean CCS operating result of EUR 4.6 billion, down 10% versus prior year. Q4 Clean CCS operating result around EUR 1.15 billion, down EUR 222 million or 16% year‑on‑year (prior-year quarter benefited from a EUR 210 million arbitration award; excluding that one-off the quarter would be broadly in line).
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Q4-2025 Updates
Positive
Negative
Robust operating cash flow and shareholder distributions
Full-year cash flow from operating activities of EUR 5.2 billion (only 4% below prior year). Fourth-quarter operating cash flow of ~EUR 1.7 billion, up >60% year‑on‑year. Free cash flow positive at EUR 180 million after EUR 2.3 billion of dividends. Proposed total dividend of EUR 4.40 per share (regular EUR 3.15 + additional EUR 1.25), representing a 9.3% yield and 28% of operating cash flow.
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Company Guidance
OMV guided organic CapEx of around EUR 3.2 billion for 2026 (≈60% energy, majority of the remainder to fuels; ~70% growth projects, ~30% sustainable), with average organic CapEx to 2030 below the prior EUR 2.8 billion p.a. target; market assumptions of Brent ≈ $65/bl, TAG gas > €30/MWh and OMV realized gas < €30/MWh; Energy output slightly below 300,000 boe/d with unit production costs expected to stay below $11/boe and exploration & appraisal spend < €200 million; Fuels refining indicator margin forecast ≈ $8/bl with European refinery utilization >90% and total fuel sales volumes higher year-on-year (retail/commercial margins slightly below 2025); Chemicals: European olefin indicator margins expected slightly below prior year and two crackers’ utilization ~90% in 2026; full‑year clean tax rate ~45%; capital structure and shareholder returns: propose EUR 3.15 regular + EUR 1.25 additional = EUR 4.40/share (9.3% yield, payout ~28% of operating cash flow), new dividend policy to distribute 20–30% of consolidated CFO plus 50% of OMV’s share of any BGI dividend, BGI floor dividend net to OMV at least USD 1 billion for 2026, BGI closing expected Q1 and leverage anticipated in the low‑20%s (around 22% post close, easing by year‑end).OMV Aktiengesellschaft Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
63
Positive
Cash Flow
70
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 23.35B | 33.29B | 38.54B | 60.63B | 34.90B |
| Gross Profit | 5.47B | 9.65B | 10.31B | 16.80B | 11.12B |
| EBITDA | 5.13B | 7.73B | 7.64B | 13.66B | 7.72B |
| Net Income | 975.90M | 1.45B | 1.55B | 3.71B | 2.19B |
Balance Sheet | |||||
| Total Assets | 46.32B | 48.81B | 50.66B | 56.86B | 53.80B |
| Cash, Cash Equivalents and Short-Term Investments | 5.07B | 7.03B | 8.30B | 9.56B | 6.35B |
| Total Debt | 10.86B | 9.41B | 9.13B | 10.28B | 10.85B |
| Total Liabilities | 25.74B | 24.20B | 25.29B | 30.24B | 31.80B |
| Stockholders Equity | 14.34B | 17.87B | 18.24B | 19.15B | 15.51B |
Cash Flow | |||||
| Free Cash Flow | 1.31B | 1.94B | 2.22B | 4.82B | 4.52B |
| Operating Cash Flow | 5.01B | 5.46B | 5.71B | 7.76B | 7.02B |
| Investing Cash Flow | -2.65B | -3.15B | -3.03B | -1.97B | -1.82B |
| Financing Cash Flow | -2.72B | -3.13B | -3.77B | -2.66B | -2.98B |
OMV Aktiengesellschaft Technical Analysis
Positive
13.61
Price Trends
16.55
Positive
15.29
Positive
14.39
Positive
Market Momentum
0.48
Negative
56.69
Neutral
70.54
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For OMVKY, the sentiment is Positive. The current price of 13.61 is below the 20-day moving average (MA) of 17.52, below the 50-day MA of 16.55, and below the 200-day MA of 14.39, indicating a bullish trend. The MACD of 0.48 indicates Negative momentum. The RSI at 56.69 is Neutral, neither overbought nor oversold. The STOCH value of 70.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for OMVKY.
OMV Aktiengesellschaft Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $123.24B | 3.80 | 27.02% | 14.10% | -11.63% | -15.67% | |
68 Neutral | $23.19B | 63.65 | 6.75% | 9.56% | -23.01% | -3.64% | |
66 Neutral | $95.77B | 12.11 | 3.44% | 7.43% | 1.53% | -35.81% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
62 Neutral | $80.17B | 19.50 | 5.20% | 5.41% | -3.84% | 15.75% | |
60 Neutral | $116.45B | 1,640.39 | 0.10% | 5.62% | -4.11% | -37.59% |
* Energy Sector Average
OMVKY
OMV Aktiengesellschaft
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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.