Motor Oil
Motor Oil (MOH) closed at €68.15 on 26/10/2026, -0.94% on the day. Market cap €7.4bn, P/E 6.3, dividend yield 2.62%.
Key statistics
12 months to Jun 2026 unless a figure says otherwise
Profile
At the 26 Oct close- Market value
- €7.4bn
- Enterprise valueJun 2026est.
- €8.3bn
- Shares outstandingJun 2026
- 108.6m
- Revenue12 months to Jun 2026
- €13.7bn
- Employees
- 196,647
- Free float
- 57.1%
- Traded a day, 3-month average
- €23.8m
Valuation
12 months to Jun 2026- P/E
- 6.3×
- P/B
- 1.9×
- EV/Salesest.
- 0.60×
- EV/EBITDAest.
- 4.8×
- P/FCF
- 7.4×
- Dividend yield
- 2.6%
5 years, on reported full years: 2.5–8.7×, median 4.6×. Today 8.5×, higher than 96% of months.
Margins
12 months to Jun 2026- GrossFY2025
- 9.1%
- EBITDA
- 12.5%
- Operating (EBIT)
- 10.3%
- Pre-taxFY2025
- 7.2%
- Net
- 8.5%
- Free cash flow
- 7.3%
Net margin = the shareholders' profit ÷ group revenue.
Returns
12 months to Jun 2026- ROE
- 30.2%
- ROCE
- 30.0%
- ROICest.
- 23.6%
- ROAFY2025
- 8.1%
- ROE, 5-year averageFY2021–25
- 29.0%
- Tax rateFY2025
- 21.3%
Financial health
Jun 2026- CashDec 2025
- €1.4bn
- Net debt
- €814m
- Net debt ÷ EBITDA
- 0.47×
- Debt ÷ equityDec 2025
- 88.0%
- Interest cover12 months to Jun 2026
- 28.4×
leases included
Growth
- Revenue, last yearFY2025
- −5.8%
- Revenue, last halfH1 2026
- +42.9%
- EPS, last yearFY2025
- +128.2%
- EPS, last halfH1 2026
- +322.0%
- Revenue, 3 yearsFY2022–25, a year
- −11.6%
- Revenue, 5 yearsFY2020–25, a year
- +13.4%
- EPS, 3 yearsFY2022–25, a year
- −12.1%
- Shares, 3 yearsFY2022–25
- −0.5%
Dividends
FY2025- Yield, last 12 months
- 2.6%
- Per share
- €1.750
- Payout
- 29.3%
- Covered by free cash flow
- 1.2×
- Years paid, last fiveFY2021–25
- 5
Trading and risk
From our closes, dividends reinvested- Total return, 1 year
- +184.5%
- 3 years, a year
- +54.4%
- 5 years, a year
- +44.6%
- 10 years, a year
- +26.5%
- Volatility, 1 year
- 32.6%
- Beta to the General Index
- 0.56×
- Deepest fall, 1 year / 5 years
- −12.0% / −28.9%
- 52-week range
- €25.50–€70.00
Where the figures come from: the company's reports, reviewed by us · annual accounts filed in ESEF format · results announcements on the exchange · our own closing prices. No forecasts or target prices are stored.
Financial charts
From the stored figures: the reviewed dossier first, then the annual reports (ESEF) and results announcements
Loading the charts…
Valuation
vs ELPE| Metric | MOH | ELPE |
|---|---|---|
| P/E | 6.3 | — |
| P/B | 1.9 | 1.7 |
| P/S | 0.54 | 0.42 |
| EV/EBITDA | 4.8 | — |
| Dividend yield | 2.6% | 3.2% |
| Payout ratio | 29.3% | 131.6% |
| Gross margin | 9.1% | 9.8% |
| Operating margin | 10.3% | 11.1% |
| Net margin | 8.5% | 7.8% |
| ROE | 30.2% | 30.7% |
| Revenue growth (last full year) | −5.8% | −9.0% |
| Net debt | €814.0m | €2.0bn |
Peers: Refiners
Not compared: MTLN (industrial groups)
The company
AI-draftedMotor Oil refines crude at its Agioi Theodoroi refinery in Corinth, with capacity above 200 thousand barrels a day, and sells fuels mainly for export and bunkering. It also runs about 1,540 service stations, 1,020 MW of renewables, electricity and gas supply through NRG, and waste and recycling businesses.
- Aug 2026Binding agreement to sell 75% of MANETIAL (HELECTOR and THALIS) to AKTOR at a €300m enterprise value on a 100% basis.3,5
- Jul 2026Framework term sheet with AKTOR for the acquisition of 50% of DIORIGA GAS, the vehicle for the FSRU LNG import terminal.3
- Jun 2026Issued €400m of 3.750% notes due 2031, refinancing the 2.125% notes maturing in 2026.3
- Jun 2026MORE agreed to sell 107 MW of operating wind farms to PPC Renewables, while UNAGI sold 51% of twelve solar SPVs for €60m.3
- May 2026Sold 41.75m ELLAKTOR shares to Reggeborgh for €37.2m, cutting the stake to 10.411%.3
- Jul 2025Binding agreement with GEK TERNA for a 50/50 utility with about 550,000 customers and 1.5 GW of dispatchable generation; cleared by the European Commission in January 2026.2,4
- H1 2026 turnover was €7.52bn and net income after minorities €686m, against €162m a year earlier.1
- The FY2025 dividend was €1.75 per share, €193.9m in total, a 5.57% yield on the 31 December 2025 closing price.2
- Net debt fell to €814m at 30 June 2026 from €1.58bn at the end of 2025.1
- The group employed 4,503 people at 30 June 2026, against 4,334 a year earlier.3
- The company had 110,782,980 issued ordinary shares in FY2025, including treasury shares. Issued shares are not the same as dividend-eligible shares.2,3
- 1.Performance review H1 2026 financial resultsMotor Oil (Hellas) Corinth Refineries · 26/08/2026official
- 2.Annual Financial Report for the fiscal year 2025Motor Oil (Hellas) Corinth Refineries · 23/03/2026official
- 3.Interim Financial Report for the period ended 30 June 2026Motor Oil (Hellas) Corinth Refineries · 26/08/2026official
- 4.Strategy and Outlook update, Growth Resilience and Energy SecurityMotor Oil (Hellas) Corinth Refineries · 14/11/2025official
- 5.Aktor signs binding agreement with Motor Oil to acquire 75% of HELECTOR and THALISProtothema English · 05/08/2026