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OMVJF - OMV: Resilient FCF Potential For EPS Growth
OMV Aktiengesellschaft
On March 28, 2019, integrated oil & gas company OMV AG (OMVJF, OMVKY) published its 2018 annual report. I have already covered this Austrian mammoth twice, analyzing its 9M FY18 results and discussing the rationale and strategic implications of its agreement with Sapura Energy ([[SPKBF]]). Now it is worth taking a closer look at the FY18 landmarks and annual statements together with 2019 management guidance to consider if the company is moving in the right direction or not and if its equity is fairly valued or underpriced.