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Etablissements Maurel & Prom S.A (MAU) Fair Value & Analysis

Energy · FR · Market cap €1.6B

EM Etablissements Maurel & Prom S.A MAU · PA
Price€7.90
Fair Value€7.24
Upside-8.3%
Quality46/100
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Expensive Growth
Highly profitable · 71.0% net margin
Low debt · negative free cash flow
5.63% dividend yield
Ranks above peers (10/14)
Wide moat 67/100
Evidence: High Range €5.03 – €13.98 Share as image

Fair value as of: Jul 14, 2026

From 17 valuation models · updated 26 days ago

Fair value updated Jul 14, 2026, revised from €20.68 to €7.24 (−65.0%) since Jun 25, 2026. Share price −2.5% over the past month.

Below-average quality, currently priced close to our fair value.

What matters now

  • The model range is unusually wide (€5.03 to €13.98). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
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Price vs Fair Value (5 years)

€11.44 €1.34 Fair Value €7.24 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.

How to read this chart

60‑month range €1.34 – €11.44 · fair‑value band €5.03 – €13.98 · the €7.90 price screens above the €7.24 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 14, 2026.

Full chart & analysis →

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Analysis

Etablissements Maurel & Prom S.A (MAU) currently trades at €7.90, while our model-based Fair Value estimate is €7.24, implying the stock looks roughly 8.3% fairly valued today. The Quality Score stands at 46/100 (below-average quality), in the Energy sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Etablissements Maurel & Prom S.A generated revenue of €578M at a net margin of 71.0%. Revenue declined 27.1% year over year. It earns a return on equity of 31.2%. The balance sheet holds a net cash position of €174M. Fundamentals as of Jul 14, 2026

Our scenario range runs from €5.03 (bear case) to €13.98 (bull case); at €7.90, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 31% below its 52-week high and 87% above its 52-week low, currently above its 200-day average. For context, the median of 10 Energy peers we cover trades at -26% fair-value upside, at -8%, MAU screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Residual Income €12.78 €18.31 €117.90 76
ROIC Compounder €4.61 €4.97 €5.27 72
Gordon GGM €2.99 €5.39 €7.41 70
All 17 models by family
DCF Models
Owner Earnings €20.06 €31.06 €47.33 31
Earnings-Based
Graham-Dodd €14.54 €61.85 €84.46 54
Lynch FV €15.78 €22.54 €29.30 50
PEG = 1.0 €15.78 €22.54 €29.30 46
EPV €4.61 €4.97 €5.27 59
Dividend Discount
Gordon GGM €2.99 €5.39 €7.41 70
DDM Multi-Stage €2.99 €4.92 €5.75 61
Multiples
P/E Multiple €22.46 €29.94 €37.43 63
P/S Multiple €2.71 €3.62 €4.52 58
P/B Multiple €10.14 €13.52 €16.91 55
EV/EBIT €6.93 €8.58 €10.24 53
EV/EBITDA €7.40 €9.21 €11.03 54
EV/Revenue €4.49 €5.58 €6.66 43
Asset-Based
NCAV (Graham) €3.76 €5.03 €7.51 50
Economic Profit
Residual Income €12.78 €18.31 €117.90 76
ROIC Compounder €4.61 €4.97 €5.27 72
Growth Earnings
Growth-Adj P/E €21.51 €30.73 €39.95 68

Widest divergence: DCF Models (€31.06) versus Dividend Discount (€4.92). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) €578M
Revenue growth (YoY) -27.1%
Net margin 71.0%
Return on equity 31.2%
Free cash flow −€21.7M FY2025
P/E ratio 5.1
More key figures
Operating margin 14.8%
EPS (TTM) €1.76
Dividend yield 4.9%
EPS growth (YoY) +131%
Net cash €174M FY2025

Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 46/100

Of which business quality 46 · Market factors (momentum, volatility) 66

Profitability 63
Margins and returns on capital today
Quality Growth 27
Are margins and returns improving?
Cashflow 24
Earnings quality: real cash, not paper profit
Fin. Strength 66
Balance sheet, leverage, solvency risk
Investment 10
Disciplined investing over empire-building
Low Volatility 69
Calm price path (market factor)
Momentum 60
Price trend over the last 3–12 months (market factor)
52W Momentum 74
Distance to the 52-week high (market factor)
Net Issuance 73
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Etablissements Maurel & Prom S.A. engages in exploration and production of oil and gas, and hydrocarbons in Gabon, Tanzania, Angola, and Venezuela. The company operates through three segments: Oil production, Exploration, Gas Production, and Drilling. Etablissements Maurel & Prom S.A. was founded in 1831 and is headquartered in Paris, France.

Full company description

Etablissements Maurel & Prom S.A. engages in exploration and production of oil and gas, and hydrocarbons in Gabon, Tanzania, Angola, and Venezuela. The company operates through three segments: Oil production, Exploration, Gas Production, and Drilling. Etablissements Maurel & Prom S.A. was founded in 1831 and is headquartered in Paris, France. Etablissements Maurel & Prom S.A. operates as a subsidiary of PT Pertamina Internasional Eksplorasi dan Produksi.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Etablissements Maurel & Prom S.A reported revenue of €602M in FY2025 versus €500M in FY2021, a compound +4.7%/yr. Reported net income was €427M in FY2025, compounding +37.4%/yr from FY2021.

Growth Quality 54/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
€602M
Latest YoY
−25.6%
Avg. growth/yr (3Y)
−3.8%
Avg. growth/yr (5Y)
+12.8%
Avg. growth/yr (22Y)
+11.3%
Revenue +4.7%/yr
FY21 €500M
FY22 €676M
FY23 €682M
FY24 €808M
FY25 €602M
Net income +37.4%/yr
FY21 €120M
FY22 €205M
FY23 €210M
FY24 €233M
FY25 €427M

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Cite: Fair Value Calculator (2026). "Etablissements Maurel & Prom S.A Fair Value". https://www.fairvalue-calculator.com/stock/MAU

Peer Group

Oil & Gas E&P · 315 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 46 · Above median
Fair Value upside −8% · Above median
Return on equity (TTM) 31% · Top 25%
Return on assets 4% · Above median
Net margin (TTM) 71% · Top 25%
Operating margin (TTM) 15% · Above median
Revenue growth -27% · Bottom 25%
Dividend yield (TTM) 5.6% · Above median
Debt / equity 0.05× · Lower than median

Valuation Multiples vs Oil & Gas E&P median · lower = cheaper

P/E (TTM) 4.3× · Cheaper than 75% of peers
P/B 1.20× · Pricier than median
P/S (TTM) 3.11× · Pricier than median
EV/EBITDA 5.7× · Pricier than median
PEG 0.82× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 22 · sector 14
FUTURE 0 · sector 0
PAST 100 · sector 0
HEALTH 98 · sector 87
DIVIDEND 100 · sector 66

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Oil & gas

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Oil & Gas E&P stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).

Stock Price Fair Value vs Fair Value
CNOOC Limited 600938 ¥28.97 ¥32.55 +12%
ConocoPhillips explores for, COP $109.04 $91.79 -16%
Canadian Natural Resources Limited CNQ $42.86 $31.54 -26%
EOG Resources, Inc EOG $139.89 $130.19 -7%
Occidental Petroleum Corporation OXY $54.86 $30.68 -44%
Diamondback Energy, Inc FANG $183.39 $106.12 -42%
Devon Energy Corporation DVN $43.83 $27.06 -38%
Woodside Energy Group WDS A$30.46 A$20.71 -32%
EQT Corporation EQT $48.85 $42.85 -12%
Texas Pacific Land Corporation TPL $415.70 $79.20 -81%

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Frequently asked questions

Is Etablissements Maurel & Prom S.A (MAU) overvalued or undervalued?
As of Jul 14, 2026, our model estimates a fair value of €7.24 versus a price of €7.90, about −8% (fairly valued).
What is the fair value of MAU?
Our model-based fair value for Etablissements Maurel & Prom S.A is €7.24 (as of Jul 14, 2026), built from audited fundamentals. The current price is €7.90.
What is the quality score of MAU?
Etablissements Maurel & Prom S.A has a Quality Score of 46/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Etablissements Maurel & Prom S.A (MAU)?
Etablissements Maurel & Prom S.A reported trailing-twelve-month revenue of about €578M (latest available figure, as of Jul 14, 2026).
What is the net profit margin of MAU?
The net profit margin of Etablissements Maurel & Prom S.A is about 71.0%, meaning it keeps roughly 71.0% of revenue as net income. Based on the latest reported figures.
Does Etablissements Maurel & Prom S.A pay a dividend?
Etablissements Maurel & Prom S.A currently shows a dividend yield of about 4.85% relative to its recent price (as of Jul 14, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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