Executive Summary
Tubi Limited, together with its subsidiaries, manufactures and sells high density polyethylene (HDPE) pipes in Australia, the United States, and New Zealand. More Details
Risk Analysis
Snowflake Analysis
Adequate balance sheet and overvalued.
Share Price & News
How has Tubi's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 2BE is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 18% a week.
Volatility Over Time: 2BE's weekly volatility (18%) has been stable over the past year, but is still higher than 75% of Australian stocks.
Market Performance
7 Day Return
-8.2%
2BE
-1.3%
AU Oil and Gas
2.6%
AU Market
1 Year Return
-51.3%
2BE
-23.7%
AU Oil and Gas
-0.4%
AU Market
Return vs Industry: 2BE underperformed the Australian Oil and Gas industry which returned -23.7% over the past year.
Return vs Market: 2BE underperformed the Australian Market which returned -0.4% over the past year.
Shareholder returns
| 2BE | Industry | Market | |
|---|---|---|---|
| 7 Day | -8.2% | -1.3% | 2.6% |
| 30 Day | -6.7% | 8.6% | 3.4% |
| 90 Day | -16.4% | 33.7% | 14.6% |
| 1 Year | -49.7%-51.3% | -20.9%-23.7% | 3.0%-0.4% |
| 3 Year | n/a | -14.9%-23.9% | 26.6%11.0% |
| 5 Year | n/a | 27.7%8.8% | 67.5%33.9% |
Long-Term Price Volatility Vs. Market
How volatile is Tubi's share price compared to the market and industry in the last 5 years?
Simply Wall St News
7 months ago | Simply Wall St
Imagine Owning Tubi (ASX:2BE) While The Price Tanked 69%9 months ago | Simply Wall St
Do Directors Own Tubi Limited (ASX:2BE) Shares?11 months ago | Simply Wall St
What Does Tubi Limited's (ASX:2BE) P/E Ratio Tell You?Valuation
Is Tubi undervalued compared to its fair value and its price relative to the market?
0.8x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate 2BE's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate 2BE's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: 2BE is unprofitable, so we can't compare its PE Ratio to the AU Oil and Gas industry average.
PE vs Market: 2BE is unprofitable, so we can't compare its PE Ratio to the Australian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 2BE's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 2BE is good value based on its PB Ratio (0.8x) compared to the AU Oil and Gas industry average (1.8x).
Next Steps
Future Growth
How is Tubi forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
43.0%
Forecasted Energy industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Tubi has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Examine Tubi's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Tubi competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Energy industry.
Past Performance
How has Tubi performed over the past 5 years?
-415.0%
Last years earnings growth
Earnings and Revenue History
Quality Earnings: 2BE is currently unprofitable.
Growing Profit Margin: 2BE is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if 2BE's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: Unable to compare 2BE's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 2BE is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-61.9%).
Return on Equity
High ROE: 2BE has a negative Return on Equity (-27.4%), as it is currently unprofitable.
Next Steps
Financial Health
How is Tubi's financial position?
Financial Position Analysis
Short Term Liabilities: 2BE's short term assets (A$5.3M) do not cover its short term liabilities (A$7.7M).
Long Term Liabilities: 2BE's short term assets (A$5.3M) exceed its long term liabilities (A$2.8M).
Debt to Equity History and Analysis
Debt Level: 2BE's debt to equity ratio (1.2%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if 2BE's debt to equity ratio has reduced over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: 2BE has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: 2BE is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.
Next Steps
Dividend
What is Tubi current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 2BE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate 2BE's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if 2BE's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 2BE's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 2BE's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
0.9yrs
Average management tenure
CEO
Marcello Umberto Russo (48 yo)
0.92
Tenure
AU$349,224
Compensation
Mr. Marcello Umberto Giovanni Russo serves as Managing Director and Chief Executive Officer at Tubi Limited since February 24, 2020 and serves as its Director since August 28, 2009. Mr. Russo is a Founder ...
CEO Compensation Analysis
Compensation vs Market: Marcello Umberto's total compensation ($USD268.78K) is about average for companies of similar size in the Australian market ($USD293.85K).
Compensation vs Earnings: Marcello Umberto's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 0.92yr | AU$349.22k | 12.19% A$ 2.1m | |
| CFO & Company Secretary | 0.83yr | AU$89.67k | no data | |
| Chief Operating Officer | 1yr | no data | no data |
0.9yrs
Average Tenure
Experienced Management: 2BE's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 0.92yr | AU$349.22k | 12.19% A$ 2.1m | |
| Independent Non-Executive Chairman | 0.83yr | AU$30.05k | 0.18% A$ 31.1k | |
| Non-Executive Independent Director | 1.75yrs | AU$52.50k | 0.42% A$ 72.6k | |
| Non-Executive Director | 7.58yrs | AU$23.96k | no data |
4.7yrs
Average Tenure
69yo
Average Age
Experienced Board: 2BE's board of directors are considered experienced (4.7 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 28%.
Top Shareholders
Company Information
Tubi Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Tubi Limited
- Ticker: 2BE
- Exchange: ASX
- Founded: 1972
- Industry: Oil and Gas Storage and Transportation
- Sector: Energy
- Market Cap: AU$17.433m
- Shares outstanding: 311.31m
- Website: https://www.tubigroup.com
Location
- Tubi Limited
- 2 Hopetoun Street
- Paddington
- New South Wales
- 2021
- Australia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 2BE | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | Jun 2019 |
| 2BE | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | Jun 2019 |
| TBUI.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jun 2019 |
Biography
Tubi Limited, together with its subsidiaries, manufactures and sells high density polyethylene (HDPE) pipes in Australia, the United States, and New Zealand. Its products include mobile modular extrusions,...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/26 07:07 |
| End of Day Share Price | 2021/01/25 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2020/06/30 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.