Company Valuation: Maurel

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 510 848 1,338 1,168 1,290 1,829 - -
Change - 66.25% 57.78% -12.71% 10.42% 41.79% - -
Enterprise Value (EV) 1 853 1,048 1,458 1,134 1,111 1,504 1,269 1,138
Change - 22.85% 39.12% -22.22% -2.05% 35.44% -15.65% -10.28%
P/E 4.25x 4.17x 6.41x 5.03x 3.16x 6.95x 7.59x 7.47x
PBR 0.76x 0.99x 1.31x 1x 0.86x 1.04x 1.12x 1.07x
PEG - 0.1x 3.3x 0.4x 0x -0.2x -0.89x 4.52x
Capitalization / Revenue 1.02x 1.25x 1.96x 1.45x 2.23x 2.72x 2.43x 2.43x
EV / Revenue 1.71x 1.55x 2.14x 1.4x 1.92x 2.24x 1.69x 1.51x
EV / EBITDA 3.05x 2.37x 4.06x 3.08x 4.46x 3.85x 3.32x 3.06x
EV / EBIT 5.4x 2.98x 7.55x 4.4x 2.76x 5.38x 5.35x 5.13x
EV / FCF 7.35x 3.98x 11.7x 8.62x -50.5x 13.4x 4.34x 5.29x
FCF Yield 13.6% 25.1% 8.55% 11.6% -1.98% 7.46% 23.1% 18.9%
Dividend per Share 2 0.0774 0.2465 0.249 0.3574 0.3804 0.4767 0.3715 0.3243
Rate of return 2.99% 5.75% 3.7% 6.08% 5.86% 5.2% 4.06% 3.54%
EPS 2 0.61 1.03 1.05 1.17 2.05 1.318 1.206 1.226
Distribution rate 12.7% 23.9% 23.7% 30.5% 18.6% 36.2% 30.8% 26.4%
Net sales 1 500 676 682 808 578 672.9 752.6 752.6
EBITDA 1 280 443 359 368 249 391.1 382.4 371.5
EBIT 1 158 352 193 258 403 279.5 237.1 221.7
Net income 1 121 206 210 233 410 287.5 234.5 262.1
Net Debt 1 343 200 120 -34 -179 -324.3 -559.7 -690.1
Reference price 2 2.593 4.291 6.732 5.881 6.487 9.158 9.158 9.158
Nbr of stocks (in thousands) 1,96,702 1,97,616 1,98,754 1,98,610 1,98,807 1,99,665 - -
Announcement Date 18/03/22 14/03/23 01/03/24 06/03/25 12/03/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
6.95x2.24x3.85x5.2% 182.86Cr
12.03x2.36x5.22x2.66% 15TCr
12.04x3.19x6.22x3.67% 9.97TCr
8.37x2.52x4.42x2.92% 7.42TCr
9.61x1.43x4.66x1.96% 5.83TCr
7.1x2.43x3.84x1.79% 5.72TCr
9.14x2.49x4.97x2.33% 5.47TCr
11.44x3.39x4.86x2.3% 5.3TCr
12.42x3.39x5.15x5.89% 4.39TCr
12.12x3.93x5.78x1.32% 3.14TCr
Average 10.12x 2.74x 4.90x 3.01% 6.27TCr
Weighted average by Cap. 10.64x 2.68x 5.07x 2.82%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

-40%: Exceptional extension
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