View ValuationGOIL 将来の成長Future 基準チェック /06 GOILは収益が増加すると予測されています。主要情報n/a収益成長率n/aEPS成長率Oil and Gas 収益成長20.1%収益成長率11.6%将来の株主資本利益率n/aアナリストカバレッジLow最終更新日16 May 2026今後の成長に関する最新情報Price Target Changed • Nov 19Price target decreased to GH₵2.80Down from GH₵3.21, the current price target is provided by 1 analyst. New target price is 61% above last closing price of GH₵1.74. Stock is down 4.4% over the past year. The company posted earnings per share of GH₵0.25 last year.Price Target Changed • Jul 28Price target decreased to GH₵2.55Down from GH₵3.21, the current price target is provided by 1 analyst. New target price is 65% above last closing price of GH₵1.55. Stock is down 2.5% over the past year.Price Target Changed • Apr 07Price target decreased to GH₵2.55Down from GH₵3.21, the current price target is provided by 1 analyst. New target price is 69% above last closing price of GH₵1.51. Stock is down 7.9% over the past year.すべての更新を表示Recent updatesDeclared Dividend • May 25Dividend of GH₵0.055 announcedShareholders will receive a dividend of GH₵0.055. Ex-date: 5th June 2026 Payment date: 10th August 2026 Dividend yield will be 0.7%, which is lower than the industry average of 6.4%. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (4% cash payout ratio). The dividend has increased by an average of 9.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend.Board Change • May 20No independent directorsThere are 8 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: 8 new directors. No experienced directors. 1 highly experienced director. No independent directors (9 non-independent directors). Director Thomas Manu is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors.お知らせ • May 07GOIL Plc, Annual General Meeting, Jun 11, 2026GOIL Plc, Annual General Meeting, Jun 11, 2026. Location: the auditorium, college of physicians and surgeons, ridge accra, Ghanaお知らせ • May 22GOIL Plc, Annual General Meeting, Jun 19, 2025GOIL Plc, Annual General Meeting, Jun 19, 2025. Location: movenpick ambassador hotel, accra GhanaNew Risk • Nov 17New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.2x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.2x net interest cover). Earnings have declined by 8.1% per year over the past 5 years. High level of non-cash earnings (52% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (0.2% net profit margin). Market cap is less than US$100m (GH₵595.6m market cap, or US$37.5m).Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: GH₵0.003 (vs GH₵0.01 in 3Q 2023)Third quarter 2024 results: EPS: GH₵0.003 (down from GH₵0.01 in 3Q 2023). Revenue: GH₵4.72b (up 3.7% from 3Q 2023). Net income: GH₵1.05m (down 73% from 3Q 2023). Profit margin: 0% (down from 0.1% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.New Risk • Aug 04New major risk - Revenue and earnings growthEarnings have declined by 5.0% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 5.0% per year over the past 5 years. High level of non-cash earnings (57% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (0.3% net profit margin). Market cap is less than US$100m (GH₵587.8m market cap, or US$37.8m).Reported Earnings • Aug 04First half 2024 earnings released: EPS: GH₵0.15 (vs GH₵0.17 in 1H 2023)First half 2024 results: EPS: GH₵0.15 (down from GH₵0.17 in 1H 2023). Revenue: GH₵9.62b (down 14% from 1H 2023). Net income: GH₵58.3m (down 11% from 1H 2023). Profit margin: 0.6% (in line with 1H 2023). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.Upcoming Dividend • May 24Upcoming dividend of GH₵0.052 per shareEligible shareholders must have bought the stock before 31 May 2024. Payment date: 15 July 2024. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 3.7%. Lower than top quartile of Ghanaian dividend payers (11%). Lower than average of industry peers (9.8%).お知らせ • May 09GOIL Plc, Annual General Meeting, Jun 06, 2024GOIL Plc, Annual General Meeting, Jun 06, 2024, at 11:00 Coordinated Universal Time. Location: Movenpick Ambassador Hotel Accra GhanaReported Earnings • Feb 20Full year 2023 earnings released: EPS: GH₵0.18 (vs GH₵0.32 in FY 2022)Full year 2023 results: EPS: GH₵0.18 (down from GH₵0.32 in FY 2022). Revenue: GH₵20.5b (down 1.2% from FY 2022). Net income: GH₵70.5m (down 43% from FY 2022). Profit margin: 0.3% (down from 0.6% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has remained flat.Upcoming Dividend • Jun 12Upcoming dividend of GH₵0.052 per share at 3.4% yieldEligible shareholders must have bought the stock before 19 June 2023. Payment date: 07 August 2023. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Ghanaian dividend payers (15%). Lower than average of industry peers (18%).Reported Earnings • Feb 18Full year 2022 earnings released: EPS: GH₵0.33 (vs GH₵0.25 in FY 2021)Full year 2022 results: EPS: GH₵0.33 (up from GH₵0.25 in FY 2021). Revenue: GH₵20.7b (up 175% from FY 2021). Net income: GH₵127.5m (up 29% from FY 2021). Profit margin: 0.6% (down from 1.3% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Reported Earnings • Nov 19Third quarter 2022 earnings released: EPS: GH₵0.042 (vs GH₵0.048 in 3Q 2021)Third quarter 2022 results: EPS: GH₵0.042 (down from GH₵0.048 in 3Q 2021). Revenue: GH₵5.77b (up 204% from 3Q 2021). Net income: GH₵16.5m (down 12% from 3Q 2021). Profit margin: 0.3% (down from 1.0% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 8.3% decline forecast for the Oil and Gas industry in Africa. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Price Target Changed • Nov 19Price target decreased to GH₵2.80Down from GH₵3.21, the current price target is provided by 1 analyst. New target price is 61% above last closing price of GH₵1.74. Stock is down 4.4% over the past year. The company posted earnings per share of GH₵0.25 last year.Board Change • Nov 16No independent directorsThere are 5 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: No independent directors. 9 non-independent directors. Director Angela Forson was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity.Reported Earnings • Jul 31Second quarter 2022 earnings released: EPS: GH₵0.11 (vs GH₵0.056 in 2Q 2021)Second quarter 2022 results: EPS: GH₵0.11 (up from GH₵0.056 in 2Q 2021). Revenue: GH₵5.11b (up 194% from 2Q 2021). Net income: GH₵41.5m (up 89% from 2Q 2021). Profit margin: 0.8% (down from 1.3% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 46% compared to a 53% growth forecast for the industry in Africa. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.お知らせ • Jul 30GOIL Plc Recommends Final Dividend for the 2021 Financial Year, Payable on August 16, 2022GOIL Plc announced that the Company’s Directors will be recommending to the shareholders at the upcoming Annual General Meeting, the payment of a final dividend of GHC 0.047 per share for the 2021 financial year. The Register of shareholders will be closed from June 14, 2022 to June 15, 2022 (both dates inclusive). In view of the foregoing, the ex-dividend date has been set as June 9, 2022. Consequently, an investor purchasing GOIL shares before this date will be entitled to the final dividend. However, an investor buying GOIL shares on or after June 9, 2022, will not be entitled to the final dividend. The final dividend will be paid on August 16, 2022.Upcoming Dividend • Jun 02Upcoming dividend of GH₵0.043 per shareEligible shareholders must have bought the stock before 09 June 2022. Payment date: 16 August 2022. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Ghanaian dividend payers (10.0%). Lower than average of industry peers (9.4%).お知らせ • May 24+ 1 more updateGhana Oil Company Limited Recommends Final Dividend for the Year 2021, Payable on August 16, 2022Ghana Oil Company Limited announced that the company’s Directors will be recommending to the shareholders at the upcoming Annual General Meeting to be held on June 15, 2022, the payment of a final dividend of GHS 0.047 per share for the 2021 financial year. All shareholders registered in the books of the company at the close of business on June 13, 2022, will qualify for the final dividend. In view of the foregoing, the ex-dividend date has been set as June 9, 2022. Consequently, an investor purchasing GOIL shares before this date will be entitled to the final dividend. However, an investor buying GOIL shares on or after June 9, 2022, will not be entitled to the final dividend. The final dividend will be paid on August 16, 2022.Board Change • Apr 27No independent directorsThere are 5 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: No independent directors. 10 non-independent directors. Chairman of the Board Gaddy Laryea was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity.Reported Earnings • Feb 18Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: GH₵0.26 (up from GH₵0.23 in FY 2020). Revenue: GH₵7.53b (up 56% from FY 2020). Net income: GH₵102.2m (up 13% from FY 2020). Profit margin: 1.4% (down from 1.9% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 100%. Over the next year, revenue is expected to shrink by 17% compared to a 17% growth forecast for the oil industry in Africa. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Nov 11Investor sentiment deteriorated over the past weekAfter last week's 25% share price decline to GH₵1.27, the stock trades at a trailing P/E ratio of 5.4x. Average forward P/E is 6x in the Oil and Gas industry in Africa. Total loss to shareholders of 59% over the past three years.Reported Earnings • Nov 07Third quarter 2021 earnings released: EPS GH₵0.047 (vs GH₵0.11 in 3Q 2020)The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: GH₵1.90b (up 59% from 3Q 2020). Net income: GH₵18.7m (down 56% from 3Q 2020). Profit margin: 1.0% (down from 3.6% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 08Second quarter 2021 earnings released: EPS GH₵0.056 (vs GH₵0.026 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: GH₵1.74b (up 87% from 2Q 2020). Net income: GH₵22.0m (up 117% from 2Q 2020). Profit margin: 1.3% (up from 1.1% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings.Price Target Changed • Jul 28Price target decreased to GH₵2.55Down from GH₵3.21, the current price target is provided by 1 analyst. New target price is 65% above last closing price of GH₵1.55. Stock is down 2.5% over the past year.Upcoming Dividend • Jun 12Upcoming dividend of GH₵0.041 per shareEligible shareholders must have bought the stock before 18 June 2021. Payment date: 25 August 2021. Trailing yield: 2.9%. Lower than top quartile of Ghanaian dividend payers (8.3%). Lower than average of industry peers (9.7%).お知らせ • May 28Ghana Oil Company Limited Recommends Final Dividend, Payable on August 25, 2021Ghana Oil Company Limited announced that the company's Directors will be recommending to the shareholders at the upcoming AGM, the payment of a final dividend of GHS 0.045 per share for the 2020 financial year. The final dividend will be paid on August 25, 2021. All shareholders registered in the books of GOIL at the close of business on June 22, 2021 will qualify for the final dividend. Ex-dividend date has been set as June 18, 2021.Reported Earnings • May 03First quarter 2021 earnings released: EPS GH₵0.098 (vs GH₵0.062 in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were flat. First quarter 2021 results: Revenue: GH₵1.48b (flat on 1Q 2020). Net income: GH₵38.3m (up 58% from 1Q 2020). Profit margin: 2.6% (up from 1.6% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings.Price Target Changed • Apr 07Price target decreased to GH₵2.55Down from GH₵3.21, the current price target is provided by 1 analyst. New target price is 69% above last closing price of GH₵1.51. Stock is down 7.9% over the past year.お知らせ • Mar 17GOIL Announces the Appointment of Mrs. Mabel Abena Amoatemaa Sarpong as Board MemberGOIL announced the appointment of Mrs. Mabel Abena Amoatemaa Sarpong as a Board Member of the company effective 16th February, 2021.Mrs. Mabel Abena Amoatemaa Sarpong is an astute business woman and entrepreneur with experience spanning over 30 years. Mabel has many years’ experience as an entrepreneur and a Board Member of multiple companies. As the current Director of Belshaw Limited, she is responsible for setting the strategic direction of the company and ensuring that the company’s objectives of the company is met. She has also served on the Board of OLAM Secondary School, where she contributed to the development of strategies for the implementation of the school’s policies. As a member of the Tema Municipal Assembly, she was instrumental in the implementation of the objectives of the Tema Metropolis.Mabel is involved in many charitable works in her personal capacity and as a member of the Women’s Empowerment Foundation, a foundation that makes regular donations to institutions such as the Korle Bu Teaching Hospital and The Tema General Hospital.Reported Earnings • Mar 05Full year 2020 earnings released: EPS GH₵0.24 (vs GH₵0.27 in FY 2019)The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: GH₵4.85b (down 23% from FY 2019). Net income: GH₵92.5m (down 12% from FY 2019). Profit margin: 1.9% (up from 1.7% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings.Is New 90 Day High Low • Jan 14New 90-day high: GH₵1.51The company is up 1.0% from its price of GH₵1.50 on 14 October 2020. The Ghanaian market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is up 14% over the same period.業績と収益の成長予測GHSE:GOIL - アナリストの将来予測と過去の財務データ ( )GHS Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/202826,239N/AN/AN/A112/31/202724,989N/AN/AN/A112/31/202621,587N/AN/AN/A212/31/202517,22691650882N/A9/30/202518,243108233683N/A6/30/202519,065100-304-36N/A3/31/202519,56986-551-238N/A12/31/202419,34885-690-382N/A9/30/202419,14845-650-457N/A6/30/202418,97948-446-113N/A3/31/202419,26955-439-141N/A12/31/202320,60755-22451N/A9/30/202322,6059056275N/A6/30/202323,82610236312N/A3/31/202323,786114482787N/A12/31/202220,744124380653N/A9/30/202216,354123385552N/A6/30/202212,480131600775N/A3/31/20229,106106465659N/A12/31/20217,53799173420N/A9/30/20216,3419286479N/A6/30/20215,6391114403N/A3/31/20214,829104-104306N/A12/31/20204,83890-169183N/A9/30/20205,21286-25334N/A6/30/20205,61975-22925N/A3/31/20206,40794-96102N/A12/31/20196,265106-66137N/A9/30/20196,203115N/A269N/A6/30/20195,86794N/A132N/A3/31/20195,35992N/A178N/A12/31/20185,09282N/A153N/A9/30/20184,59972N/A138N/A6/30/20184,31676N/A181N/A3/31/20184,07668N/A43N/A12/31/20174,07965N/A97N/A9/30/20174,09562N/A72N/A6/30/20173,95864N/A212N/A3/31/20173,82960N/A59N/A12/31/20163,49454N/A117N/A9/30/20164,71156N/A56N/A6/30/20164,38052N/A-44N/A3/31/20163,98448N/A116N/A12/31/20153,63140N/A45N/A9/30/20151,77932N/A70N/A6/30/20151,71431N/A53N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: GOILの予測収益成長が 貯蓄率 ( 15.1% ) を上回っているかどうかを判断するにはデータが不十分です。収益対市場: GOILの収益がGH市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です高成長収益: GOILの収益が今後 3 年間で 大幅に 増加すると予想されるかどうかを判断するにはデータが不十分です。収益対市場: GOILの収益 ( 11.6% ) GH市場 ( 27.9% ) よりも低い成長が予測されています。高い収益成長: GOILの収益 ( 11.6% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: GOILの 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YEnergy 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/29 23:41終値2026/05/29 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋GOIL Plc 2 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。3 アナリスト機関Evelyn LavieDatabank Brokerage Ltd.Reflector MensahDatabank Brokerage Ltd.Emmanuel DadzoeIC Securities Holdings Limited
Price Target Changed • Nov 19Price target decreased to GH₵2.80Down from GH₵3.21, the current price target is provided by 1 analyst. New target price is 61% above last closing price of GH₵1.74. Stock is down 4.4% over the past year. The company posted earnings per share of GH₵0.25 last year.
Price Target Changed • Jul 28Price target decreased to GH₵2.55Down from GH₵3.21, the current price target is provided by 1 analyst. New target price is 65% above last closing price of GH₵1.55. Stock is down 2.5% over the past year.
Price Target Changed • Apr 07Price target decreased to GH₵2.55Down from GH₵3.21, the current price target is provided by 1 analyst. New target price is 69% above last closing price of GH₵1.51. Stock is down 7.9% over the past year.
Declared Dividend • May 25Dividend of GH₵0.055 announcedShareholders will receive a dividend of GH₵0.055. Ex-date: 5th June 2026 Payment date: 10th August 2026 Dividend yield will be 0.7%, which is lower than the industry average of 6.4%. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (4% cash payout ratio). The dividend has increased by an average of 9.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend.
Board Change • May 20No independent directorsThere are 8 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: 8 new directors. No experienced directors. 1 highly experienced director. No independent directors (9 non-independent directors). Director Thomas Manu is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors.
お知らせ • May 07GOIL Plc, Annual General Meeting, Jun 11, 2026GOIL Plc, Annual General Meeting, Jun 11, 2026. Location: the auditorium, college of physicians and surgeons, ridge accra, Ghana
お知らせ • May 22GOIL Plc, Annual General Meeting, Jun 19, 2025GOIL Plc, Annual General Meeting, Jun 19, 2025. Location: movenpick ambassador hotel, accra Ghana
New Risk • Nov 17New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.2x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.2x net interest cover). Earnings have declined by 8.1% per year over the past 5 years. High level of non-cash earnings (52% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (0.2% net profit margin). Market cap is less than US$100m (GH₵595.6m market cap, or US$37.5m).
Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: GH₵0.003 (vs GH₵0.01 in 3Q 2023)Third quarter 2024 results: EPS: GH₵0.003 (down from GH₵0.01 in 3Q 2023). Revenue: GH₵4.72b (up 3.7% from 3Q 2023). Net income: GH₵1.05m (down 73% from 3Q 2023). Profit margin: 0% (down from 0.1% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.
New Risk • Aug 04New major risk - Revenue and earnings growthEarnings have declined by 5.0% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 5.0% per year over the past 5 years. High level of non-cash earnings (57% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (0.3% net profit margin). Market cap is less than US$100m (GH₵587.8m market cap, or US$37.8m).
Reported Earnings • Aug 04First half 2024 earnings released: EPS: GH₵0.15 (vs GH₵0.17 in 1H 2023)First half 2024 results: EPS: GH₵0.15 (down from GH₵0.17 in 1H 2023). Revenue: GH₵9.62b (down 14% from 1H 2023). Net income: GH₵58.3m (down 11% from 1H 2023). Profit margin: 0.6% (in line with 1H 2023). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • May 24Upcoming dividend of GH₵0.052 per shareEligible shareholders must have bought the stock before 31 May 2024. Payment date: 15 July 2024. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 3.7%. Lower than top quartile of Ghanaian dividend payers (11%). Lower than average of industry peers (9.8%).
お知らせ • May 09GOIL Plc, Annual General Meeting, Jun 06, 2024GOIL Plc, Annual General Meeting, Jun 06, 2024, at 11:00 Coordinated Universal Time. Location: Movenpick Ambassador Hotel Accra Ghana
Reported Earnings • Feb 20Full year 2023 earnings released: EPS: GH₵0.18 (vs GH₵0.32 in FY 2022)Full year 2023 results: EPS: GH₵0.18 (down from GH₵0.32 in FY 2022). Revenue: GH₵20.5b (down 1.2% from FY 2022). Net income: GH₵70.5m (down 43% from FY 2022). Profit margin: 0.3% (down from 0.6% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has remained flat.
Upcoming Dividend • Jun 12Upcoming dividend of GH₵0.052 per share at 3.4% yieldEligible shareholders must have bought the stock before 19 June 2023. Payment date: 07 August 2023. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Ghanaian dividend payers (15%). Lower than average of industry peers (18%).
Reported Earnings • Feb 18Full year 2022 earnings released: EPS: GH₵0.33 (vs GH₵0.25 in FY 2021)Full year 2022 results: EPS: GH₵0.33 (up from GH₵0.25 in FY 2021). Revenue: GH₵20.7b (up 175% from FY 2021). Net income: GH₵127.5m (up 29% from FY 2021). Profit margin: 0.6% (down from 1.3% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Reported Earnings • Nov 19Third quarter 2022 earnings released: EPS: GH₵0.042 (vs GH₵0.048 in 3Q 2021)Third quarter 2022 results: EPS: GH₵0.042 (down from GH₵0.048 in 3Q 2021). Revenue: GH₵5.77b (up 204% from 3Q 2021). Net income: GH₵16.5m (down 12% from 3Q 2021). Profit margin: 0.3% (down from 1.0% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 8.3% decline forecast for the Oil and Gas industry in Africa. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Nov 19Price target decreased to GH₵2.80Down from GH₵3.21, the current price target is provided by 1 analyst. New target price is 61% above last closing price of GH₵1.74. Stock is down 4.4% over the past year. The company posted earnings per share of GH₵0.25 last year.
Board Change • Nov 16No independent directorsThere are 5 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: No independent directors. 9 non-independent directors. Director Angela Forson was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity.
Reported Earnings • Jul 31Second quarter 2022 earnings released: EPS: GH₵0.11 (vs GH₵0.056 in 2Q 2021)Second quarter 2022 results: EPS: GH₵0.11 (up from GH₵0.056 in 2Q 2021). Revenue: GH₵5.11b (up 194% from 2Q 2021). Net income: GH₵41.5m (up 89% from 2Q 2021). Profit margin: 0.8% (down from 1.3% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 46% compared to a 53% growth forecast for the industry in Africa. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
お知らせ • Jul 30GOIL Plc Recommends Final Dividend for the 2021 Financial Year, Payable on August 16, 2022GOIL Plc announced that the Company’s Directors will be recommending to the shareholders at the upcoming Annual General Meeting, the payment of a final dividend of GHC 0.047 per share for the 2021 financial year. The Register of shareholders will be closed from June 14, 2022 to June 15, 2022 (both dates inclusive). In view of the foregoing, the ex-dividend date has been set as June 9, 2022. Consequently, an investor purchasing GOIL shares before this date will be entitled to the final dividend. However, an investor buying GOIL shares on or after June 9, 2022, will not be entitled to the final dividend. The final dividend will be paid on August 16, 2022.
Upcoming Dividend • Jun 02Upcoming dividend of GH₵0.043 per shareEligible shareholders must have bought the stock before 09 June 2022. Payment date: 16 August 2022. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Ghanaian dividend payers (10.0%). Lower than average of industry peers (9.4%).
お知らせ • May 24+ 1 more updateGhana Oil Company Limited Recommends Final Dividend for the Year 2021, Payable on August 16, 2022Ghana Oil Company Limited announced that the company’s Directors will be recommending to the shareholders at the upcoming Annual General Meeting to be held on June 15, 2022, the payment of a final dividend of GHS 0.047 per share for the 2021 financial year. All shareholders registered in the books of the company at the close of business on June 13, 2022, will qualify for the final dividend. In view of the foregoing, the ex-dividend date has been set as June 9, 2022. Consequently, an investor purchasing GOIL shares before this date will be entitled to the final dividend. However, an investor buying GOIL shares on or after June 9, 2022, will not be entitled to the final dividend. The final dividend will be paid on August 16, 2022.
Board Change • Apr 27No independent directorsThere are 5 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: No independent directors. 10 non-independent directors. Chairman of the Board Gaddy Laryea was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity.
Reported Earnings • Feb 18Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: GH₵0.26 (up from GH₵0.23 in FY 2020). Revenue: GH₵7.53b (up 56% from FY 2020). Net income: GH₵102.2m (up 13% from FY 2020). Profit margin: 1.4% (down from 1.9% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 100%. Over the next year, revenue is expected to shrink by 17% compared to a 17% growth forecast for the oil industry in Africa. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Nov 11Investor sentiment deteriorated over the past weekAfter last week's 25% share price decline to GH₵1.27, the stock trades at a trailing P/E ratio of 5.4x. Average forward P/E is 6x in the Oil and Gas industry in Africa. Total loss to shareholders of 59% over the past three years.
Reported Earnings • Nov 07Third quarter 2021 earnings released: EPS GH₵0.047 (vs GH₵0.11 in 3Q 2020)The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: GH₵1.90b (up 59% from 3Q 2020). Net income: GH₵18.7m (down 56% from 3Q 2020). Profit margin: 1.0% (down from 3.6% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 08Second quarter 2021 earnings released: EPS GH₵0.056 (vs GH₵0.026 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: GH₵1.74b (up 87% from 2Q 2020). Net income: GH₵22.0m (up 117% from 2Q 2020). Profit margin: 1.3% (up from 1.1% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings.
Price Target Changed • Jul 28Price target decreased to GH₵2.55Down from GH₵3.21, the current price target is provided by 1 analyst. New target price is 65% above last closing price of GH₵1.55. Stock is down 2.5% over the past year.
Upcoming Dividend • Jun 12Upcoming dividend of GH₵0.041 per shareEligible shareholders must have bought the stock before 18 June 2021. Payment date: 25 August 2021. Trailing yield: 2.9%. Lower than top quartile of Ghanaian dividend payers (8.3%). Lower than average of industry peers (9.7%).
お知らせ • May 28Ghana Oil Company Limited Recommends Final Dividend, Payable on August 25, 2021Ghana Oil Company Limited announced that the company's Directors will be recommending to the shareholders at the upcoming AGM, the payment of a final dividend of GHS 0.045 per share for the 2020 financial year. The final dividend will be paid on August 25, 2021. All shareholders registered in the books of GOIL at the close of business on June 22, 2021 will qualify for the final dividend. Ex-dividend date has been set as June 18, 2021.
Reported Earnings • May 03First quarter 2021 earnings released: EPS GH₵0.098 (vs GH₵0.062 in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were flat. First quarter 2021 results: Revenue: GH₵1.48b (flat on 1Q 2020). Net income: GH₵38.3m (up 58% from 1Q 2020). Profit margin: 2.6% (up from 1.6% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings.
Price Target Changed • Apr 07Price target decreased to GH₵2.55Down from GH₵3.21, the current price target is provided by 1 analyst. New target price is 69% above last closing price of GH₵1.51. Stock is down 7.9% over the past year.
お知らせ • Mar 17GOIL Announces the Appointment of Mrs. Mabel Abena Amoatemaa Sarpong as Board MemberGOIL announced the appointment of Mrs. Mabel Abena Amoatemaa Sarpong as a Board Member of the company effective 16th February, 2021.Mrs. Mabel Abena Amoatemaa Sarpong is an astute business woman and entrepreneur with experience spanning over 30 years. Mabel has many years’ experience as an entrepreneur and a Board Member of multiple companies. As the current Director of Belshaw Limited, she is responsible for setting the strategic direction of the company and ensuring that the company’s objectives of the company is met. She has also served on the Board of OLAM Secondary School, where she contributed to the development of strategies for the implementation of the school’s policies. As a member of the Tema Municipal Assembly, she was instrumental in the implementation of the objectives of the Tema Metropolis.Mabel is involved in many charitable works in her personal capacity and as a member of the Women’s Empowerment Foundation, a foundation that makes regular donations to institutions such as the Korle Bu Teaching Hospital and The Tema General Hospital.
Reported Earnings • Mar 05Full year 2020 earnings released: EPS GH₵0.24 (vs GH₵0.27 in FY 2019)The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: GH₵4.85b (down 23% from FY 2019). Net income: GH₵92.5m (down 12% from FY 2019). Profit margin: 1.9% (up from 1.7% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings.
Is New 90 Day High Low • Jan 14New 90-day high: GH₵1.51The company is up 1.0% from its price of GH₵1.50 on 14 October 2020. The Ghanaian market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is up 14% over the same period.