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home / news releases / omv ag downgrade to hold on unattractive valuation

OMVJF - OMV AG: Downgrade To Hold On Unattractive Valuation

OMV Aktiengesellschaft

2024-05-16 10:50:52 ET

Summary

  • OMV AG's valuation is no longer attractive, both on a dividend yield basis and a forward EBITDA basis.
  • The company's earnings outlook has worsened, with weak gas prices and potential overcapacity in the petrochemical industry.
  • Refining margins are normalizing, which will also impact OMV's earnings.

Investment action

For further details see:

OMV AG: Downgrade To Hold On Unattractive Valuation
Stock Information
Company Name: OMV Aktiengesellschaft
Stock Symbol: OMVJF
Market: OTC
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