Tubi Limited, together with its subsidiaries, manufactures and sells high density polyethylene (HDPE) pipes in Australia, the United States, and New Zealand.
Flawless balance sheet with weak fundamentals.
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's share price has been volatile over the past 3 months.
7 Day Return
AU Oil and Gas
1 Year Return
AU Oil and Gas
Return vs Industry: Insufficient data to determine how 2BE performed against the Australian Oil and Gas industry.
Return vs Market: Insufficient data to determine how 2BE performed against the Australian Market.
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
1 week ago | Simply Wall StWhat Does Tubi Limited's (ASX:2BE) P/E Ratio Tell You?
1 month ago | Simply Wall StA Closer Look At Tubi Limited's (ASX:2BE) Uninspiring ROE
1 month ago | Simply Wall StWhy We’re Not Impressed By Tubi Limited’s (ASX:2BE) 9.0% ROCE
Is Tubi undervalued compared to its fair value and its price relative to the market?
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 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 overvalued based on its PB Ratio (1.8x) compared to the AU Oil and Gas industry average (1.1x).
How is Tubi forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
- 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.
How has Tubi performed over the past 5 years?
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 (-0.7%).
Return on Equity
High ROE: 2BE has a negative Return on Equity (-8.29%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
How is Tubi's financial position?
Financial Position Analysis
Short Term Liabilities: 2BE's short term assets (A$5.7M) exceed its short term liabilities (A$3.7M).
Long Term Liabilities: 2BE's short term assets (A$5.7M) exceed its long term liabilities (A$1.8M).
Debt to Equity History and Analysis
Debt Level: 2BE is debt free.
Reducing Debt: 2BE had no debt 5 years ago.
Inventory Level: 2BE has a high level of physical assets or inventory.
Debt Coverage by Assets: 2BE's debt is not covered by short term assets (assets are -40.3x debt).
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 been profitable on average in the past, therefore cash runway is not a concern.
Forecast Cash Runway: 2BE has been profitable on average in the past, therefore cash runway is not a concern.
What is Tubi's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate 2BE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate 2BE's dividend yield against the top 25% of dividend payers, as the company has not reported any 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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Marcello Umberto Russo (47yo)
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 ($USD229.82K) is about average for companies of similar size in the Australian market ($USD253.06K).
Compensation vs Earnings: Marcello Umberto's compensation has increased whilst the company is unprofitable.
|Independent Non-Executive Director||0.2yrs||no data||no data|
|Non-Executive Independent Director||0.8yrs||no data||0.31% A$108.7k|
|Non-Executive Chairman||6.7yrs||no data||21.34% A$7.5m|
|Non-Executive Director||6.7yrs||no data||no data|
Experienced Board: 2BE's board of directors are considered experienced (6.7 years average tenure).
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.
Recent Insider Transactions
Dilution of Shares: 2BE only recently listed within the past 12 months, with total shares outstanding growing by 29.3% in the past year..
Tubi Limited's company bio, employee growth, exchange listings and data sources
- Name: Tubi Limited
- Ticker: 2BE
- Exchange: ASX
- Founded: 1972
- Industry: Oil and Gas Storage and Transportation
- Sector: Energy
- Market Cap: AU$35.256m
- Shares outstanding: 243.14m
- Website: https://www.tubigroup.com
- Tubi Limited
- 2 Hopetoun Street
- New South Wales
|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|
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, HDPEs, large bore reeling, stringing, HDPE 40bars, and corrugated pipes. The company’s products are used in irrigation, mining, shale gas and LNG, water infrastructure, pipe relining, and power sectors. Tubi Limited was founded in 1972 and is based in Paddington, Australia.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/27 10:54|
|End of Day Share Price||2020/02/26 00:00|
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.