Financials Magnolia Oil & Gas Corporation Nyse

Equities

TPGE.U

US8726562023

Oil & Gas Exploration and Production

Delayed Nyse Other stock markets			5-day change	1st Jan Change
- ^USD	-.--%		-3.46%	-.--%

16/05	Magnolia Oil & Gas Insider Sold Shares Worth $306,960,000, According to a Recent SEC Filing	MT
13/05	Mizuho Adjusts Price Target on Magnolia Oil & Gas to $28 From $26, Maintains Neutral Rating	MT

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	2,104	1,168	3,431	4,397	3,943	4,567	-	-
Enterprise Value (EV) ¹	2,312	1,367	3,452	4,112	3,935	4,572	4,387	4,085
P/E ratio	44.9 x	-0.97 x	8 x	4.98 x	10.4 x	11.9 x	10.5 x	9.95 x
Yield	-	-	0.42%	1.71%	-	2.05%	2.23%	2.49%
Capitalization / Revenue	2.25 x	2.19 x	3.18 x	2.59 x	3.21 x	3.37 x	3.21 x	3.13 x
EV / Revenue	2.47 x	2.56 x	3.2 x	2.43 x	3.21 x	3.37 x	3.08 x	2.8 x
EV / EBITDA	3.32 x	4.04 x	4.16 x	3.06 x	4.38 x	4.64 x	4.22 x	3.81 x
EV / FCF	10.4 x	12.2 x	6.25 x	4.94 x	9.13 x	9.57 x	8.58 x	6.92 x
FCF Yield	9.64%	8.21%	16%	20.2%	11%	10.4%	11.7%	14.5%
Price to Book	1.79 x	3.27 x	5.28 x	3.18 x	2.37 x	2.44 x	2.19 x	-
Nbr of stocks (in thousands)	1,67,281	1,65,501	1,81,802	1,87,488	1,85,223	1,80,931	-	-
Reference price ²	12.58	7.060	18.87	23.45	21.29	25.48	25.48	25.48
Announcement Date	19/02/20	22/02/21	16/02/22	14/02/23	14/02/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	936.1	534.5	1,078	1,694	1,227	1,356	1,424	1,461
EBITDA ¹	696	338.6	828.9	1,345	899.2	985.3	1,040	1,072
EBIT ¹	127.9	-1,926	602.6	1,074	534.5	557.5	593.7	604
Operating Margin	13.67%	-360.27%	55.88%	63.37%	43.56%	41.1%	41.68%	41.34%
Earnings before Tax (EBT) ¹	99.76	-1,948	568.6	1,057	549.8	550	606.3	644.9
Net income ¹	47.43	-1,208	417.3	893.8	388.3	426.6	461.8	500.5
Net margin	5.07%	-226.08%	38.7%	52.75%	31.65%	31.45%	32.42%	34.25%
EPS ²	0.2800	-7.270	2.360	4.710	2.040	2.146	2.419	2.560
Free Cash Flow ¹	222.9	112.3	552.1	831.5	430.9	477.6	511.3	590.4
FCF margin	23.81%	21%	51.19%	49.07%	35.12%	35.21%	35.9%	40.41%
FCF Conversion (EBITDA)	32.03%	33.15%	66.6%	61.81%	47.92%	48.48%	49.17%	55.07%
FCF Conversion (Net income)	469.98%	-	132.3%	93.03%	110.97%	111.96%	110.73%	117.97%
Dividend per Share ²	-	-	0.0800	0.4000	-	0.5233	0.5680	0.6350
Announcement Date	19/02/20	22/02/21	16/02/22	14/02/23	14/02/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2
Net sales ¹	332.2	377.8	484.6	483	349	308.4	280.3	315.7	322.6	319.4	342.8	343.7	352.2	355.3	356.6
EBITDA ¹	260.6	298.4	393.4	386	267.4	216.9	203.3	239	240	227.8	248.4	250	256.4	258.7	258.7
EBIT ¹	202	235.9	328.3	311.8	197.9	126.9	121.3	148.1	138.1	124.6	143.3	140.5	149.1	151	149.8
Operating Margin	60.82%	62.43%	67.73%	64.55%	56.7%	41.16%	43.29%	46.93%	42.8%	39%	41.81%	40.87%	42.34%	42.48%	42%
Earnings before Tax (EBT) ¹	194.6	226.7	327.8	306.3	196.1	126.3	129.4	148.7	145.4	117.9	143.8	140.3	145.6	150.8	157.9
Net income ¹	150.2	166	250.6	245.5	231.7	96.34	91.49	102	98.44	85.09	107.9	111.8	116.5	120.1	112.6
Net margin	45.23%	43.94%	51.7%	50.83%	66.39%	31.24%	32.64%	32.32%	30.51%	26.64%	31.49%	32.52%	33.09%	33.81%	31.57%
EPS ²	0.8200	0.9000	1.320	1.290	1.200	0.5000	0.4800	0.5400	0.5300	0.4600	0.5440	0.5652	0.5948	0.6100	0.5620
Dividend per Share ²	-	0.2000	-	0.1000	0.1000	0.1150	0.1150	0.1150	-	-	0.1300	0.1300	0.1300	0.1300	-
Announcement Date	16/02/22	09/05/22	02/08/22	01/11/22	14/02/23	03/05/23	01/08/23	01/11/23	14/02/24	07/05/24	-	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	207	199	21.1	-	-	5.26	-	-
Net Cash position ¹	-	-	-	285	8.28	-	179	481
Leverage (Debt/EBITDA)	0.2977 x	0.5864 x	0.0255 x	-	-	0.005338 x	-	-
Free Cash Flow ¹	223	112	552	832	431	478	511	590
ROE (net income / shareholders' equity)	2.93%	-0.2%	62.9%	81.8%	23.8%	21%	19.1%	13.7%
ROA (Net income/ Total Assets)	1.47%	-0.1%	26.8%	45.3%	14.6%	14.7%	13.4%	-
Assets ¹	3,238	12,08,390	1,556	1,973	2,664	2,894	3,454	-
Book Value Per Share ²	7.020	2.160	3.570	7.370	8.990	10.50	11.70	-
Cash Flow per Share ²	2.500	1.230	3.290	5.880	4.070	4.710	4.960	5.470
Capex ¹	435	198	236	465	425	466	478	488
Capex / Sales	46.47%	37.02%	21.92%	27.45%	34.63%	34.36%	33.58%	33.43%
Announcement Date	19/02/20	22/02/21	16/02/22	14/02/23	14/02/24	-	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Magnolia Oil & Gas Corporation

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

25.48 USD

Average target price

27.97 USD

Spread / Average Target

+9.77%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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