Metlen Energy & Metals MTLN.L
57.00 EUR (+16.2%)
5 analysts
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Metlen Energy & Metals is a diversified Greek company operating in power generation, aluminum production, and oil refining, with international presence in renewables and infrastructure projects.
Listed on London Stock Exchange · Symbol MTLN.L · LON: MTLN · Currency EUR
Key points
from its scores- ✕Poor share-price trend4.1
- ✕Unfavourable risk and backdrop4.5
- !Average business quality5.0
AI analysis
bottom line, main risk, context and newsThe combination of growth and cash generation is attractive, but leverage and dependence on exceptional refining margins warrant caution.
Metlen shows solid growth (earnings +22.1%) and excellent cash conversion (126.7%), but its high leverage (Net Debt/EBITDA of 4.92) and exposure to refining margins and European gas make it vulnerable to rising rates and crude volatility.
High leverage (Net Debt/EBITDA of 4.92) combined with exposure to refining margins, which could reverse sharply if the Strait of Hormuz blockade is resolved, and to European gas costs.
Context and risks
Metlen combines power generation with aluminum production and oil refining, activities that are energy-intensive and exposed to gas and Brent prices. The Hormuz blockade and crude volatility directly affect its refining margins, while higher European gas prices pressure its industrial business. Additionally, its high leverage (Net Debt/EBITDA of 4.92) amplifies the impact of rising interest rates on its financing costs.
Is Metlen Energy & Metals stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 21% above the Utilities median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 19.1 | 19.1 | +0% |
| EV / EBITDA | 17.3 | 12.2 | +42% |
| Price / book | 2.2 | 1.9 | +14% |
| Price / sales | 0.9 | 2.6 | −64% |
Sector: median of the 92 Utilities companies analysed. In bold, the multiples used for the comparison.
Valuation score: 5.9 out of 10 (median for Utilities: 4.8).
Average analyst target: 57.00 EUR, +16.2% versus the price.
A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 5.0 (sector 3.8), Growth 6.7 (sector 5.8).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Utilities medianValuation
- P/E
- 19.1
- Forward P/E
- 9.5
- EV / EBITDA
- 17.3
- Price / book
- 2.2
- Price / sales
- 0.9
- PEG
- 0.43
- Market cap
- 7.0B EUR
- Enterprise value
- 10.0B EUR
Profitability
- ROE
- 11.7%
- ROA
- 2.1%
- ROIC (approx.)
- 9.7%
- Gross margin
- 8.4%
- Operating margin
- 11.2%
- Net margin
- 5.0%
- Free cash flow
- 732.0M EUR
- FCF yield
- 10.5%
- Cash conversion
- 127%
Solvency
- Total debt
- 5.4B EUR
- Net debt
- 2.8B EUR
- Cash
- 2.6B EUR
- EBITDA
- 577.6M EUR
- Net debt / EBITDA
- 4.92
- Debt / equity
- 166.04
- Current ratio
- 1.81
- Quick ratio
- 1.51
Growth
- Revenue growth
- +10.5%
- Earnings growth
- +22.1%
- EPS (TTM)
- 2.57 EUR
- EPS (forward)
- 5.19 EUR
Dividend
- Dividend yield
- 2.0%
- Payout
- 39.0%
Risk and market
- Analyst consensus
- Strong buy (5)
- Target price
- 57.00 EUR
Recent news
All MTLN.L news →Compare it with its sector
All 92 in Utilities →Frequently asked questions about Metlen Energy & Metals
Is Metlen Energy & Metals stock cheap or expensive?
On P/E and EV / EBITDA, it trades 21% above the Utilities median on average. Valuation score: 5.9 out of 10 (median for Utilities: 4.8). Average analyst target: 57.00 EUR, +16.2% versus the price. This is not investment advice.
What score does Metlen Energy & Metals get on MeridIAn Screener?
It scores 5.5 out of 10, rank 1,415 of 2,130 (better than 32% of the companies analysed). Its strongest category is Growth (6.7) and its weakest, Momentum (4.1). Analysis of 08/10/2026.
What is Metlen Energy & Metals's P/E ratio?
Its P/E is 19.1: the share price equals 19.1 times earnings per share over the last 12 months. The Utilities median is 19.1. Based on the earnings analysts expect, the forward P/E is 9.5.
How much is Metlen Energy & Metals worth on the stock market?
Its market capitalisation is 7.0B EUR and its enterprise value, debt included, is 10.0B EUR.
How much debt does Metlen Energy & Metals have?
Its net debt (debt minus cash) is 2.8B EUR. That is 4.92 times its EBITDA; the Utilities median is 5.33.
Does Metlen Energy & Metals pay a dividend?
Yes: its dividend yield is 2.04% and it pays out 39% of its earnings.
How has Metlen Energy & Metals stock performed over the last year?
It has risen 7.0% over the last year, excluding dividends. Over the last 52 weeks it has traded between 0.00 and 55.00 EUR. Past performance does not guarantee future results.
What do analysts think of Metlen Energy & Metals?
5 analysts cover it; their average recommendation is “Strong buy” and their average target is 57.00 EUR (+16.2% versus the price). It is an estimate, not market data.