ASX:2BE

Stock Analysis Report

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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


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's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

3.1%

2BE

-6.0%

AU Oil and Gas

-3.9%

AU Market


1 Year Return

-72.7%

2BE

-42.0%

AU Oil and Gas

-9.6%

AU Market

Return vs Industry: 2BE underperformed the Australian Oil and Gas industry which returned -42% over the past year.

Return vs Market: 2BE underperformed the Australian Market which returned -9.6% over the past year.


Shareholder returns

2BEIndustryMarket
7 Day3.1%-6.0%-3.9%
30 Day-2.9%-1.9%1.8%
90 Day-41.7%-8.6%1.7%
1 Year-71.8%-72.7%-39.6%-42.0%-6.4%-9.6%
3 Yearn/a-30.9%-38.1%12.3%-1.9%
5 Yearn/a-22.6%-34.5%40.0%11.3%

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

Valuation

Is Tubi undervalued compared to its fair value and its price relative to the market?

0.96x

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 (1x) compared to the AU Oil and Gas industry average (1.5x).


Next Steps

Future Growth

How is Tubi forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

52.4%

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

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 (-44.9%).


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?

0.6yrs

Average management tenure


CEO

Marcello Umberto Russo (48 yo)

0.58

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 ($USD245.78K) is about average for companies of similar size in the Australian market ($USD274.23K).

Compensation vs Earnings: Marcello Umberto's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Marcello Umberto Russo
Founder0.58yrAU$349.22k12.23%
A$ 2.5m
Ariel Sivikofsky
CFO & Company Secretary0.58yrAU$89.67kno data
Wes Long
Chief Operating Officer0.75yrno datano data

0.6yrs

Average Tenure

Experienced Management: 2BE's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Marcello Umberto Russo
Founder0.58yrAU$349.22k12.23%
A$ 2.5m
Simon Bird
Independent Non-Executive Chairman0.58yrAU$30.05kno data
Brent Emmett
Non-Executive Independent Director1.42yrsAU$52.50k0.28%
A$ 58.6k
Anthony Willsallen
Non-Executive Director7.25yrsAU$23.96kno data

4.3yrs

Average Tenure

69yo

Average Age

Experienced Board: 2BE's board of directors are considered experienced (4.3 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 27.6%.


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$20.792m
  • Shares outstanding: 310.33m
  • Website: https://www.tubigroup.com

Location

  • Tubi Limited
  • 2 Hopetoun Street
  • Paddington
  • New South Wales
  • 2021
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2BEASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJun 2019
2BECHIA (Chi-X Australia)YesOrdinary SharesAUAUDJun 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/31 10:42
End of Day Share Price2020/10/30 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


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.