Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Independent Director William Schubin was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. お知らせ • Mar 18
Centaurus Energy Inc., Annual General Meeting, May 25, 2026 Centaurus Energy Inc., Annual General Meeting, May 25, 2026. お知らせ • Jun 18
Centaurus Energy Inc., Annual General Meeting, Aug 15, 2024 Centaurus Energy Inc., Annual General Meeting, Aug 15, 2024. Valuation Update With 7 Day Price Move • May 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €1.41, the stock trades at a trailing P/E ratio of 2.6x. Average trailing P/E is 16x in the Oil and Gas industry in Germany. Total loss to shareholders of 26% over the past three years. Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment improves as stock rises 98% After last week's 98% share price gain to €1.62, the stock trades at a trailing P/E ratio of 3.1x. Average trailing P/E is 15x in the Oil and Gas industry in Germany. Total loss to shareholders of 10.0% over the past three years. Reported Earnings • Nov 16
Third quarter 2023 earnings released: US$0.15 loss per share (vs US$3.55 profit in 3Q 2022) Third quarter 2023 results: US$0.15 loss per share (down from US$3.55 profit in 3Q 2022). Net loss: US$195.0k (down 105% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has fallen by 45% per year, which means it is significantly lagging earnings. お知らせ • Aug 09
-Centaurus Energy Announces Appointment of Jeffrey Borack as Interim CFO Centaurus Energy Inc. and its board of directors are announced that Mr. Jeffrey Borack has been appointed interim Chief Financial Officer. Mr. Borack has more than thirteen years of experience in finance, strategy, and operations. He previously served as founder and CEO of Angels' Cup Coffee. After six years of leading the team and growing the business by more than 30% per year, he effectuated the sale of the business. Prior to his time at Angels' Cup, he held roles as an investment analyst and portfolio manager with NYC-based investment partnerships Kerrisdale Capital and Marathon Partners. There he gained experience with GAAP accounting, financial analysis, and business modeling, and he was able to develop strong relationships with company management, investor relations, and other members of the buy-side and sell-side communities. He received both an MBA and a BS in Bioengineering from the State University of New York at Binghamton. Reported Earnings • Aug 08
First half 2023 earnings released: EPS: US$1.16 (vs US$35.47 in 1H 2022) First half 2023 results: EPS: US$1.16 (down from US$35.47 in 1H 2022). Net income: US$1.23m (down 97% from 1H 2022). Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. New Risk • Jun 21
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 42% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). High level of non-cash earnings (42% accrual ratio). Revenue is less than US$1m. Market cap is less than US$10m (€885.7k market cap, or US$967.0k). Minor Risk Profit margins are more than 30% lower than last year (-9.3% net profit margin). Reported Earnings • Jun 02
First quarter 2023 earnings released: EPS: US$0.79 (vs US$40.86 in 1Q 2022) First quarter 2023 results: EPS: US$0.79 (down from US$40.86 in 1Q 2022). Net income: US$828.0k (down 98% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has fallen by 62% per year, which means it is significantly lagging earnings. Reported Earnings • May 03
Full year 2022 earnings released Full year 2022 results: Revenue: US$56.4m (up 189% from FY 2021). Net income: US$40.2m (up US$45.0m from FY 2021). Profit margin: 71% (up from net loss in FY 2021). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has fallen by 54% per year, which means it is significantly lagging earnings. Reported Earnings • Dec 01
Third quarter 2022 earnings released: EPS: US$0.007 (vs US$0.003 in 3Q 2021) Third quarter 2022 results: EPS: US$0.007 (up from US$0.003 in 3Q 2021). Revenue: US$3.41m (down 28% from 3Q 2021). Net income: US$3.87m (up 104% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has fallen by 59% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent There are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Interim CEO, Interim CFO & Director David Tawil is the most experienced director on the board, commencing their role in 2020. Independent Director Steven Balsam was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Reported Earnings • Aug 31
Second quarter 2022 earnings released: EPS: US$0.002 (vs US$0.005 in 2Q 2021) Second quarter 2022 results: EPS: US$0.002 (down from US$0.005 in 2Q 2021). Revenue: US$1.47m (down 67% from 2Q 2021). Net income: US$883.0k (down 66% from 2Q 2021). Profit margin: 60% (up from 58% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 58% per year, which means it is significantly lagging earnings. Board Change • Apr 27
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Interim CEO & Director David Tawil is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors.