Financials Magnolia Oil & Gas Corporation

Equities

MGY

US5596631094

Oil & Gas Exploration and Production

Market Closed - Nyse Other stock markets 16:00:02 2024-05-02 EDT			5-day change	1st Jan Change
24.91 ^USD	+1.30%		-5.21%	+17.00%

01:00pm	Magnolia Oil & Gas Announces Quarterly Dividend, Payable on June 3, 2024	CI
04-22	Susquehanna Adjusts Price Target on Magnolia Oil & Gas to $31 From $28, Maintains Positive 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	4,486	-	-
Enterprise Value (EV) ¹	2,312	1,367	3,452	4,112	3,935	4,337	4,236	4,004
P/E ratio	44.9 x	-0.97 x	8 x	4.98 x	10.4 x	12.1 x	10.8 x	11.1 x
Yield	-	-	0.42%	1.71%	-	2.2%	2.31%	2.58%
Capitalization / Revenue	2.25 x	2.19 x	3.18 x	2.59 x	3.21 x	3.37 x	3.2 x	3.08 x
EV / Revenue	2.47 x	2.56 x	3.2 x	2.43 x	3.21 x	3.26 x	3.02 x	2.75 x
EV / EBITDA	3.32 x	4.04 x	4.16 x	3.06 x	4.38 x	4.47 x	4.1 x	3.77 x
EV / FCF	10.4 x	12.2 x	6.25 x	4.94 x	9.13 x	9.03 x	8.27 x	6.74 x
FCF Yield	9.64%	8.21%	16%	20.2%	11%	11.1%	12.1%	14.8%
Price to Book	1.79 x	3.27 x	5.28 x	3.18 x	2.37 x	2.36 x	2.12 x	-
Nbr of stocks (in thousands)	167,281	165,501	181,802	187,488	185,223	182,423	-	-
Reference price ²	12.58	7.060	18.87	23.45	21.29	24.59	24.59	24.59
Announcement Date	20-02-19	21-02-22	22-02-16	23-02-14	24-02-14	-	-	-

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	1,330	1,403	1,456
EBITDA ¹	696	338.6	828.9	1,345	899.2	970.9	1,032	1,063
EBIT ¹	127.9	-1,926	602.6	1,074	534.5	546.9	596.1	610.2
Operating Margin	13.67%	-360.27%	55.88%	63.37%	43.56%	41.13%	42.49%	41.9%
Earnings before Tax (EBT) ¹	99.76	-1,948	568.6	1,057	549.8	561.9	628.1	770
Net income ¹	47.43	-1,208	417.3	893.8	388.3	428.2	452.1	511
Net margin	5.07%	-226.08%	38.7%	52.75%	31.65%	32.2%	32.23%	35.09%
EPS ²	0.2800	-7.270	2.360	4.710	2.040	2.033	2.277	2.217
Free Cash Flow ¹	222.9	112.3	552.1	831.5	430.9	480.1	512.3	594.1
FCF margin	23.81%	21%	51.19%	49.07%	35.12%	36.11%	36.51%	40.79%
FCF Conversion (EBITDA)	32.03%	33.15%	66.6%	61.81%	47.92%	49.45%	49.62%	55.89%
FCF Conversion (Net income)	469.98%	-	132.3%	93.03%	110.97%	112.12%	113.3%	116.26%
Dividend per Share ²	-	-	0.0800	0.4000	-	0.5400	0.5680	0.6350
Announcement Date	20-02-19	21-02-22	22-02-16	23-02-14	24-02-14	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q3	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
Net sales ¹	283.6	332.2	377.8	484.6	483	349	308.4	280.3	315.7	322.6	306.8	336.8	339.9	346.2	359.8
EBITDA ¹	221.5	260.6	298.4	393.4	386	267.4	216.9	203.3	239	240	219.1	243.3	245.2	248.7	263.8
EBIT ¹	171.5	202	235.9	328.3	311.8	197.9	126.9	121.3	148.1	138.1	120.3	140.1	140.7	145.7	160.9
Operating Margin	60.47%	60.82%	62.43%	67.73%	64.55%	56.7%	41.16%	43.29%	46.93%	42.8%	39.23%	41.61%	41.39%	42.09%	44.71%
Earnings before Tax (EBT) ¹	163.5	194.6	226.7	327.8	306.3	196.1	126.3	129.4	148.7	145.4	118.3	144.7	148.6	150.6	169
Net income ¹	119.4	150.2	166	250.6	245.5	231.7	96.34	91.49	102	98.44	89.58	108.9	111.5	116.3	134.5
Net margin	42.09%	45.23%	43.94%	51.7%	50.83%	66.39%	31.24%	32.64%	32.32%	30.51%	29.2%	32.33%	32.79%	33.58%	37.38%
EPS ²	0.6800	0.8200	0.9000	1.320	1.290	1.200	0.5000	0.4800	0.5400	0.5300	0.4386	0.5168	0.5218	0.5492	0.6250
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	21-11-01	22-02-16	22-05-09	22-08-02	22-11-01	23-02-14	23-05-03	23-08-01	23-11-01	24-02-14	-	-	-	-	-

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	-	-	-	-	-
Net Cash position ¹	-	-	-	285	8.28	149	250	481
Leverage (Debt/EBITDA)	0.2977 x	0.5864 x	0.0255 x	-	-	-	-	-
Free Cash Flow ¹	223	112	552	832	431	480	512	594
ROE (net income / shareholders' equity)	2.93%	-0.2%	62.9%	81.8%	23.8%	19.8%	18.9%	13.5%
ROA (Net income/ Total Assets)	1.47%	-0.1%	26.8%	45.3%	14.6%	14.8%	13.8%	-
Assets ¹	3,238	1,208,390	1,556	1,973	2,664	2,895	3,274	-
Book Value Per Share ²	7.020	2.160	3.570	7.370	8.990	10.40	11.60	-
Cash Flow per Share ²	2.500	1.230	3.290	5.880	4.070	4.680	5.090	5.430
Capex ¹	435	198	236	465	425	466	476	478
Capex / Sales	46.47%	37.02%	21.92%	27.45%	34.63%	35.03%	33.96%	32.79%
Announcement Date	20-02-19	21-02-22	22-02-16	23-02-14	24-02-14	-	-	-

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

C-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

24.59 USD

Average target price

27.92 USD

Spread / Average Target

+13.55%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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