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Etablissements Maurel & Prom
(MAU)
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Rating:64Neutral
Price Target:
€8.50
▲(3.91% Upside)
Action:Downgraded
Date:08/06/26
The score is primarily supported by improved multi-year financial strength through 2024 and very attractive valuation (low P/E and ~4% yield). Offsetting this, 2025 fundamentals show weaker quality and sustainability (cash flow deterioration and negative free cash flow), and technical indicators signal a weak near-term trend.
Positive Factors
Balance Sheet Strength
Debt has trended down materially since 2020 while equity has grown, and debt-to-equity improved meaningfully through 2022–2024. This strengthens solvency and financial flexibility, giving the company more capacity to fund upstream development and absorb commodity-cycle pressure.
Negative Factors
Revenue and Margin Pressure
Revenue fell 12.4% year over year in 2025 and margins compressed versus prior years. Lower scale and profitability can reduce funding available for exploration and development, while demonstrating that earnings remain sensitive to production and realized hydrocarbon prices.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
Debt has trended down materially since 2020 while equity has grown, and debt-to-equity improved meaningfully through 2022–2024. This strengthens solvency and financial flexibility, giving the company more capacity to fund upstream development and absorb commodity-cycle pressure.
Read all positive factors
Etablissements Maurel & Prom (MAU) vs. iShares MSCI France ETF (EWQ)
Market Cap
€1.55B
Dividend Yield4.82%
Average Volume (3M)206.71K
Price to Earnings (P/E)3.8
Beta (1Y)0.18
Revenue Growth-10.92%
EPS Growth92.73%
CountryFR
Employees809
SectorGeneral
Sector StrengthN/A
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)2.42
Shares Outstanding201,261,570
10 Day Avg. Volume195,206
30 Day Avg. Volume206,711
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)0.87
Price to Sales (P/S)2.17
P/FCF Ratio-60.17
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)1.04
Revenue Forecast (FY)€714.10M
Etablissements Maurel & Prom Business Overview & Revenue Model
Company Description
Etablissements Maurel & Prom S.A. is an energy company primarily focused on the exploration and extraction of oil and natural gas. Its business activities are structured into three distinct divisions: locating new deposits, producing hydrocarbons,...
How the Company Makes Money
Maurel & Prom primarily makes money by producing and selling hydrocarbons (mainly crude oil, and where applicable natural gas/associated gas) from its upstream E&P assets. Revenue is generated from its share of production volumes multiplied by rea...
Etablissements Maurel & Prom Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
78
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 650.09M | 601.57M | 808.39M | 682.15M | 676.48M | 499.67M |
| Gross Profit | 225.61M | 198.79M | 407.82M | 399.48M | 604.01M | 418.00M |
| EBITDA | 271.14M | 259.35M | 340.52M | 321.86M | 430.62M | 279.68M |
| Net Income | 488.87M | 426.72M | 232.68M | 210.19M | 204.82M | 119.73M |
Balance Sheet | ||||||
| Total Assets | 2.62B | 2.48B | 2.03B | 1.86B | 1.68B | 1.69B |
| Cash, Cash Equivalents and Short-Term Investments | 439.38M | 567.10M | 235.71M | 211.38M | 225.50M | 208.82M |
| Total Debt | 176.64M | 285.96M | 168.52M | 226.79M | 343.22M | 536.66M |
| Total Liabilities | 955.80M | 936.09M | 826.62M | 807.92M | 807.20M | 997.59M |
| Stockholders Equity | 1.60B | 1.50B | 1.17B | 1.02B | 856.51M | 675.16M |
Cash Flow | ||||||
| Free Cash Flow | -77.70M | -21.73M | 131.48M | 124.58M | 263.38M | 115.83M |
| Operating Cash Flow | 178.50M | 162.25M | 272.22M | 270.33M | 365.89M | 280.18M |
| Investing Cash Flow | 71.33M | 74.14M | -30.77M | -113.50M | -167.94M | -157.23M |
| Financing Cash Flow | -100.82M | 31.95M | -144.21M | -195.16M | -255.40M | -95.11M |
Etablissements Maurel & Prom Technical Analysis
Negative
8.18
Price Trends
7.72
Positive
8.27
Negative
7.68
Positive
Market Momentum
0.06
Negative
49.83
Neutral
53.84
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:MAU, the sentiment is Negative. The current price of 8.18 is above the 20-day moving average (MA) of 7.91, above the 50-day MA of 7.72, and above the 200-day MA of 7.68, indicating a neutral trend. The MACD of 0.06 indicates Negative momentum. The RSI at 49.83 is Neutral, neither overbought nor oversold. The STOCH value of 53.84 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:MAU.
Etablissements Maurel & Prom Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | €169.87B | 11.00 | 14.83% | 4.47% | -2.24% | 34.37% | |
66 Neutral | €3.49B | 11.34 | 11.56% | 6.13% | -1.65% | -9.39% | |
64 Neutral | €1.55B | 3.79 | 31.57% | 4.82% | -10.92% | 92.73% | |
61 Neutral | €978.75M | 24.49 | 3.47% | 8.79% | -12.61% | 15.65% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | €1.16B | -12.53 | -8.33% | 3.31% | -36.65% | -187.14% | |
49 Neutral | €143.18M | 53.14 | 3.10% | ― | 23.35% | -49.29% |
* General Sector Average
FR:MAU
Etablissements Maurel & Prom
7.89
3.41
76.24%
FR:NAE
Esso Societe Anonyme Francaise
90.50
53.05
141.65%
FR:FDE
La Francaise de l'Energie
27.10
0.00
0.00%
FR:RUI
Rubis SCA
33.78
6.99
26.10%
FR:EC
Totalenergies EP Gabon
217.50
51.60
31.10%
FR:TTE
TotalEnergies SE
76.10
26.96
54.87%
Etablissements Maurel & Prom Corporate Events
Maurel & Prom boosts profits and cash as it accelerates Latin American expansion
Aug 6, 2026
Maurel Prom reported a sharp improvement in first-half 2026 results, with revenue up 27% to $366 million and net income jumping 78% to $191 million, driven by higher oil prices, stronger production and tighter cost control. The group generated $7...
Maurel & Prom to acquire Gran Tierra’s Colombian and Ecuadorian assets in $1.33bn deal
Aug 5, 2026
Maurel Prom has agreed to acquire Gran Tierra’s Colombian and Ecuadorian subsidiary, GTECI, in a $1.33 billion transaction that will create a large, predominantly operated oil platform in Latin America. The deal brings 29,026 bopd of workin...
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.