- Motor Oil Hellas reported a significant decrease in performance metrics for the first nine months of 2024.
- Adjusted net income saw a sharp decline of 63% to €262 million compared to the previous year.
- The adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) fell by 28% to €821 million year-on-year.
- Total revenue decreased by 6%, reaching €9.37 billion over the same period.
- Net income plummeted by 69%, amounting to €220 million.
- EBITDA decreased significantly by 34%, down to €768 million year-on-year.
- For the third quarter, revenue was reported at €3.13 billion, down 23% year-over-year.
- Third quarter EBITDA experienced a drastic 79% reduction to €130 million.
- Adjusted EBITDA for the third quarter decreased by 63% to €198 million.
- The company recorded a loss after tax of €138 million in the third quarter, compared to a profit of €441 million the previous year.
- Adjusted loss after tax was €86 million, reversing from a €375 million profit year-on-year.
- Investor sentiment includes 9 buy recommendations, 1 hold, and 1 sell on the company’s stock.
A look at Motor Oil Hellas Corinth Refin Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Motor Oil Hellas Corinth Refineries S.A., a company that refines crude oil, has a positive long-term outlook according to Smartkarma Smart Scores. With a high score in Dividend and Growth, it indicates strong performance in these areas. The company also scores well in Value, suggesting it is undervalued relative to its fundamentals. However, its scores in Resilience and Momentum are slightly lower, indicating some room for improvement in these aspects. Overall, Motor Oil Hellas Corinth Refineries S.A. seems to be in a favorable position for the future, especially in terms of dividend payouts and growth potential.
Motor Oil Hellas Corinth Refineries S.A. produces a wide range of petroleum products and lubricants, showcasing a diversified product portfolio. This diversity could contribute to its overall resilience in the market despite facing moderate momentum. As an oil refiner producing various refinery products from light ends to lubricants, the company’s focus on value, dividends, and growth positions it well for the long term. With a balanced mix of strengths and areas for enhancement, Motor Oil Hellas Corinth Refineries S.A. appears poised for steady growth and stability in the competitive oil and gas industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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