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OMV Aktiengesellschaft
(OTC:OMVKY)
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Rating:74Outperform
Price Target:
$22.00
â–²(13.17% Upside)
Action:Reiterated
Date:08/30/26
The score is driven primarily by improved TTM profitability and supportive technical momentum (price above key moving averages with positive MACD). Valuation also contributes positively due to a low P/E and a ~4.47% dividend yield. Offsetting these positives are cyclical revenue volatility and weaker cash conversion versus earnings, which reduce confidence in the durability and quality of cash returns.
Positive Factors
Improved Profitability
TTM revenue rose 9.6% and net margin reached about 10.2%, versus 4.4% in 2025. The improvement across operating and EBITDA margins indicates stronger current earnings capacity, although the industry remains cyclical.
Negative Factors
Cyclical Revenue Volatility
The sharp revenue declines after the 2022 peak show substantial exposure to commodity prices, refining margins and chemical cycles. This volatility can make earnings and capital allocation less predictable, reducing confidence that the current recovery will persist.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Profitability
TTM revenue rose 9.6% and net margin reached about 10.2%, versus 4.4% in 2025. The improvement across operating and EBITDA margins indicates stronger current earnings capacity, although the industry remains cyclical.
Read all positive factors
OMV Aktiengesellschaft (OMVKY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$26.16B
Dividend Yield4.34%
Average Volume (3M)5.61K
Price to Earnings (P/E)8.5
Beta (1Y)0.09
Revenue Growth-3.71%
EPS Growth206.86%
CountryUS
Employees23,463
SectorEnergy
Sector Strength52
IndustryOil & Gas Integrated
Share Statistics
EPS (TTM)0.50
Shares Outstanding1,309,091,000
10 Day Avg. Volume2,999
30 Day Avg. Volume5,607
Financial Highlights & Ratios
PEG Ratio-2.17
Price to Book (P/B)4.33
Price to Sales (P/S)2.66
P/FCF Ratio47.34
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)2.6
Revenue Forecast (FY)$33.11B
OMV Aktiengesellschaft Business Overview & Revenue Model
Company Description
OMV Aktiengesellschaft, an Austrian-based enterprise, functions as a global energy and chemicals corporation, with operations spanning Austria, Germany, Romania, Norway, New Zealand, the United Arab Emirates, and broader regions across Central, Ea...
How the Company Makes Money
OMV makes money primarily by selling hydrocarbons and refined products and by producing and selling chemicals and materials. In its Exploration & Production activities, OMV generates revenue from producing crude oil, natural gas, and associated li...
OMV Aktiengesellschaft Earnings Call Summary
Earnings Call Date:Apr 30, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Oct 29, 2026
Earnings Call Sentiment Positive
The call balanced significant near‑term operational and market headwinds with strong underlying financial resilience and a highly strategic transformational transaction. Underlying operating cash generation (ex‑NWC), the Chemicals outperformance and the creation of Borouge International materially strengthen OMV’s long‑term earnings and cash‑flow profile. Near‑term lowlights include Energy earnings pressure, production and sales declines, large net working capital build, an operational hedging loss and logistics disruptions tied to the Strait of Hormuz closure. Overall the strategic and financial positives — particularly the Borouge International deal and strong ex‑NWC cash generation — outweigh the operational and market lowlights, though volatility and execution risks remain.Positive Updates
Strong underlying cash generation (ex-NWC)
Operating cash flow excluding net working capital was very strong at >EUR 1.6 billion in Q1 2026, considerably higher than prior quarter and prior year, driven by stronger refining margins, improved Gas & Power Eastern Europe contribution and realized gas derivatives.
Negative Updates
Energy segment earnings decline
Clean operating result of the Energy segment declined 21% YoY to EUR 723 million, primarily due to negative market effects, reduced sales volumes and the absence of a prior‑year EUR 48 million arbitration award benefit.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong underlying cash generation (ex-NWC)
Operating cash flow excluding net working capital was very strong at >EUR 1.6 billion in Q1 2026, considerably higher than prior quarter and prior year, driven by stronger refining margins, improved Gas & Power Eastern Europe contribution and realized gas derivatives.
Read all positive updates
Company Guidance
OMV's 2026 guidance includes an average Dated Brent of $85–$95/bbl, a THE gas price around €45/MWh and an OMV average realized gas price of €35–€40/MWh; expected average oil & gas production of 280–290k boe/d with unit production costs near $11/bbl; a refining indicator margin guided to $10–$15/bbl and European refinery utilization above 90%; olefin cracker utilization ~90% with ethylene indicator margin >€550/t and propylene >€420/t; a full‑year clean tax rate slightly below 50%; management cautioned that widening crude differentials and Middle East volatility could materially affect fuels and that retail/commercial margins are expected to be below 2025 even as total fuel sales volumes are guided higher. Financially, OMV reported €3.5bn cash and €3.1bn undrawn facilities, a post‑transaction leverage of ~17% (well under the 30% threshold), and said it will take only 50% of the anticipated minimum 2026 Borouge dividend up front, with the remainder expected in H2.OMV Aktiengesellschaft Financial Statement Overview
Summary
Income Statement
76
Positive
Balance Sheet
68
Positive
Cash Flow
62
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 26.03B | 23.35B | 33.29B | 38.54B | 60.63B | 34.90B |
| Gross Profit | 6.58B | 5.47B | 9.65B | 10.31B | 16.80B | 11.12B |
| EBITDA | 5.93B | 5.13B | 7.73B | 7.64B | 13.66B | 7.72B |
| Net Income | 2.69B | 1.03B | 1.45B | 1.55B | 3.71B | 2.19B |
Balance Sheet | ||||||
| Total Assets | 42.96B | 46.32B | 48.81B | 50.66B | 56.86B | 53.80B |
| Cash, Cash Equivalents and Short-Term Investments | 4.40B | 6.17B | 7.03B | 8.30B | 9.56B | 6.35B |
| Total Debt | 8.00B | 10.86B | 9.41B | 9.13B | 10.28B | 10.85B |
| Total Liabilities | 21.71B | 25.74B | 24.20B | 25.29B | 30.24B | 31.80B |
| Stockholders Equity | 17.86B | 14.34B | 17.87B | 18.24B | 19.15B | 15.51B |
Cash Flow | ||||||
| Free Cash Flow | 1.27B | 1.31B | 1.94B | 2.22B | 4.82B | 4.52B |
| Operating Cash Flow | 4.91B | 5.01B | 5.46B | 5.71B | 7.76B | 7.02B |
| Investing Cash Flow | -5.54B | -2.65B | -3.15B | -3.03B | -1.97B | -1.82B |
| Financing Cash Flow | -2.35B | -2.72B | -3.13B | -3.77B | -2.66B | -2.98B |
OMV Aktiengesellschaft Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $266.14B | 10.16 | 14.66% | 3.35% | 7.37% | 103.01% | |
74 Outperform | $26.16B | 8.49 | 18.01% | 4.78% | -3.71% | 206.86% | |
71 Outperform | $81.09B | 13.04 | 10.93% | 4.66% | 4.18% | 139.58% | |
70 Outperform | $35.28B | 8.85 | 15.34% | 4.06% | 6.48% | 18.12% | |
66 Neutral | $102.95B | 11.52 | 21.61% | 3.72% | 6.81% | 21.88% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
58 Neutral | $112.73B | 21.15 | 9.53% | 4.56% | 15.84% | 791.90% |
* Energy Sector Average
OMVKY
OMV Aktiengesellschaft
20.01
7.19
56.05%
BP
BP
43.81
11.53
35.71%
EC
Ecopetrol SA
17.25
8.60
99.42%
E
Eni SPA
53.58
20.46
61.77%
SHEL
Shell
92.95
23.92
34.65%
EQNR
Equinor ASA
42.09
19.13
83.34%
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.