OMV Aktiengesellschaft (OMVJF)
Juste valeurFondamental
86
Prix
$70.65
Capitalisation boursière
$23.90B
Partie 1 · Ce que vaut l'entreprise
Vue d'ensemble
OMV is an Austrian energy and chemicals group that pumps oil and gas out of the ground, refines crude into fuels at plants in Austria, Germany and Romania, and turns some of that output into plastics and other chemicals. It is present across the whole chain from exploration to the pump and the plastics factory, with its oil-and-gas production centered in Central and Eastern Europe alongside interests in the Middle East, Africa and the North Sea.
Comment l'entreprise gagne de l'argent
Revenue comes from selling crude oil and gas production, refined fuels and petrochemical products at prices set on global commodity markets, so profit depends on the margin between input costs — crude, natural gas, CO2 emission certificates — and what the finished products fetch, a margin the company calls volatile rather than one it controls. OMV reports operating results by its Energy, Fuels & Feedstock and Chemicals businesses, but does not publish a clean external-sales split between them.
Avantage concurrentiel
Économies d'échelle · ÉtroitOwning refineries in three countries alongside its own oil-and-gas production and downstream chemicals gives OMV a vertically integrated footprint that a pure refiner or pure producer lacks, letting it capture margin at more than one stage of the chain. That integration is a scale advantage within Central Europe, but it does not protect the company from the commodity price swings that set the price of everything it produces.
Ce qui stimule la demande
CycliqueOMV states that it has significant exposure to oil, natural gas and chemicals prices, and that refining and chemicals margins in particular are volatile — results move with global energy and industrial-chemicals cycles rather than with a steady consumption pattern.
Principaux risques
- Commodity price volatility — The company has significant exposure to oil, natural gas and chemicals prices, plus volatile refining and chemicals margins and CO2 emission certificate costs, all of which move independently of anything OMV does.
- Geopolitical exposure tied to Russia — OMV regularly assesses risks from Russia's war against Ukraine, including further sanctions, changes in Russian commodity flows, and disruption to supply chains — a legacy of long-standing gas supply contracts with Russia.
- Political and regulatory risk — The company names political and regulatory changes among the main uncertainties that can influence its performance, alongside the commodity and currency risks inherent to its business.
- Cyberattacks on infrastructure — OMV warns that a growing threat of physical and cyber-based hybrid attacks poses a risk to its IT and operational technology infrastructure and to operational security.
Les arguments en faveur
Buyers argue that integration across exploration, refining and chemicals lets OMV capture margin wherever it appears in the value chain instead of depending on a single stage, and that a diversified geographic base across Central and Eastern Europe, the Middle East, Africa and the North Sea spreads out political and operational risk.
Les arguments contre
Sellers fear that results ultimately hinge on volatile global oil, gas and chemicals prices the company does not control, that long-standing gas ties to Russia leave OMV exposed to sanctions and supply disruption from a war it has no influence over, and that growing cyber and hybrid-warfare threats add a newer layer of operational risk.
Written by the editors, published on 18 août 2026
Direct competitors
Who this company fights with for the same customers
Generated on 19 septembre 2026 with claude-haiku-4-5 — shared with all users
Competes with OMV across the whole chain in Europe: gas and LNG supply to industrial and wholesale buyers, refining and service-station fuel sales, and petrochemical volumes sold to the same converters.
The closest regional peer to OMV: an integrated Central European group with upstream production, Danube-basin refining and about 2,400 service stations competing for the same fuel and petrochemical customers in Austria, Hungary, Slovakia, Romania and the Balkans.
The largest refiner in Central and Eastern Europe, competing with OMV in refining and in fuel retail in the same countries — including Austria itself, where it runs the Turmöl network, plus the Czech Republic, Slovakia and Germany.
A southern European integrated oil and gas company of comparable shape — upstream, refining, fuel retail and gas supply — competing with OMV for European gas and fuel customers and for the same exploration acreage in North Africa and the Middle East.
A mid-sized European integrated group with the same three-legged model of production, refining and chemicals, competing with OMV in European polyolefins and low-carbon fuels such as sustainable aviation fuel.
A direct rival of OMV's chemicals arm rather than of its fuel business: it sells polyethylene and polypropylene to the same European packaging, automotive and pipe customers that OMV supplies through its Borealis-derived polyolefin capacity.
Bilan & Liquidités
Chiffre d'affaires
$26.18B
12 derniers mois jusqu'au dernier trimestre publié — estimation à partir de ratios par action
Résultat net
$2.65B
12 derniers mois jusqu'au dernier trimestre publié — estimation à partir de ratios par action
Flux de trésorerie libre
$7.46B
Capitaux propres totaux
$15.13B
Passif total
$8.00B
Ratio de liquidité général
1.22
Couverture des intérêts
-
Dette/EBITDA
1.37
Bénéfice par action
Chiffre d'affaires & Résultat net
Flux de trésorerie libre
Décomposition du résultat
État historique
Marges dans le temps
La dette dans le temps
Le poids de la dette
Grille de la croissance
Croissance — Chiffre d'affaires
Estimation de la juste valeur
Juste valeur
$61.02
Prix actuel
$70.65
Marge de sécurité
-15.8%
Fourchette de juste valeur
$52.59 - $69.46
Écart entre les méthodes de valorisation utilisées, pas un intervalle de confiance calibré statistiquement.
Méthodes d'estimation
Indicateurs de valorisation
Ratio P/E
8.80
ROE
8.8%
Ratio P/B
1.30
P/FCF
3.20
Marge brute
33.8%
ROIC
13.0%
Radar de rentabilité
Création de valeur (avantage concurrentiel)
ROIC
13.0%
WACC
8.9%
ROIC − WACC
+4.1 pp
Le ROIC dépasse le coût du capital — l'entreprise crée de la valeur pour les actionnaires.
Critères d'analyse fondamentale
Réussi (17)
- Price CAGR 8.21%
- ROIC 13.0%
- Gross Margin 33.8%
- P/FCF 3.20
- P/B Ratio 1.30
- Debt/Equity ratio
- Operating Margin 12.2%
- Positive Free Cash Flow
- Current Ratio
- Debt/EBITDA
- Price below Graham Number
- DCF valuation (Undervalued)
- ROE 15.8%
- Revenue Growth 5Y 8.0%
- Earnings Surprise avg 6.4%
- Earnings Quality (OCF/NI) 4.78
- Net Margin Trend 4.0% vs 4.0%
Échoué (3)
- CapEx intensity
- Analyst Consensus 23% Buy
- Piotroski F-Score 2/9
Indisponible (7)
- EPS data insufficient
- Dividend Payout NaN%
- Interest Coverage
- Return on Tangible Assets
- Low reliance on intangibles
- PEG Ratio (need PE > 0 and growth > 0)
- Share Dilution (missing shares data)
Score F de Piotroski
Préoccupations financières sérieuses
Qualité des bénéfices
Qualité élevée : bénéfices soutenus par la trésorerie
Dilution du capital
Rachat d'actions. Favorable aux actionnaires
Participations institutionnelles
Aucune déclaration institutionnelle pour cette entreprise.
Gouvernance
Équipe dirigeante
| Nom | Titre | Âge |
|---|---|---|
| Mr. Reinhard Florey | CFO & Deputy Chairman of Executive Board | 60 |
| Mr. Martijn Arjen van Koten | Executive VP of New Fuels & Chemicals and Member of the Executive Board | 55 |
| Dr. Berislav Gaso Ph.D. | Executive VP of Energy & Member of Executive Board | 51 |
| Mr. Daniel Turnheim | Senior Vice President of Corporate Finance | 50 |
| Mr. Florian Greger | Senior VP and Head of Investor Relations & Sustainability | - |
| Ms. Magdalena Moll | Senior Vice President of Corporate Affairs | 63 |
Risque d'audit
1
Risque du conseil
2
Risque de rémunération
2
Risque droits des actionnaires
6
Partie 2 · Le prix et le moment d'entrer
Cette partie ne dit pas si l'entreprise vaut la peine : elle aide à choisir quand l'acheter, une fois que les fondamentaux vous ont convaincu. À l'intérieur : analyse technique, potentiel, baisses historiques, exposition gamma.
Latest News
Recent headlines for OMVJF, sourced from Markets Gazette.