Magnolia Oil & Gas Corporation (MGY) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+63.5%

$40.93

vs $25.03 price

Levered DCF

$55.71

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

5.87

Safe zone

Rating

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	12.51×	12.05×	10.44×	4.96×	7.93×	-0.97×	43.38×	6.79×
P/B	2.09×	2.28×	2.37×	2.79×	4.03×	2.14×	1.15×	1.04×
P/S	3.1×	3.31×	3.27×	2.59×	3.05×	2.17×	2.16×	1.69×
EV / EBITDA	4.81×	4.89×	4.59×	3.11×	4.17×	-0.85×	3.37×	3.06×
Gross margin	46.7%	51.7%	57.2%	74.1%	68.9%	23.8%	32.9%	89.6%
Operating margin	33.5%	38.9%	43.6%	63.4%	55.9%	-355.7%	13.5%	26.3%
Net margin	24.8%	27.8%	31.6%	52.7%	38.7%	-223.2%	5.3%	9.0%
Current ratio	1.54×	1.42×	1.88×	2.5×	2.37×	2.18×	1.67×	1.48×
Debt / equity	0.22×	0.21×	0.24×	0.25×	0.49×	0.73×	0.22×	0.23×
Interest coverage	20.32×	35.63×	16,196.52×	45.81×	19.44×	-67.1×	4.5×	9.15×
Dividend yield	2.8%	2.2%	2.2%	1.7%	0.4%	0.0%	0.0%	0.0%
Payout ratio	34.8%	26.7%	22.7%	8.4%	3.4%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	16.8%	19.1%	23.0%	56.7%	51.1%	-220.4%	2.8%	5.6%
Return on invested capital	13.5%	16.2%	17.6%	47.7%	38.7%	-139.3%	3.3%	7.4%
Return on assets	11.2%	13.0%	14.1%	34.7%	23.9%	-83.1%	1.4%	2.7%
Free cash flow yield	10.1%	10.0%	10.8%	18.9%	16.8%	7.5%	10.4%	14.3%
Earnings yield	8.0%	8.4%	9.7%	20.3%	12.7%	-102.9%	2.5%	5.4%
Enterprise value	$4.2B	$4.5B	$4B	$4.1B	$3.3B	$1.4B	$2.2B	$2B
Net debt / EBITDA	0.17×	0.16×	0.01×	-0.21×	0.04×	-0.13×	0.32×	0.39×
Cash conversion cycle (days)	-44	-63	-78	-132	-88	-0	-5	-611