88 Energy Limited engages in the exploration of oil and gas properties in the United States.
88 Energy Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.031|
|52 Week High||AU$0.006|
|52 Week Low||AU$0.096|
|1 Month Change||6.90%|
|3 Month Change||-11.43%|
|1 Year Change||416.67%|
|3 Year Change||72.22%|
|5 Year Change||-26.19%|
|Change since IPO||-99.99%|
Recent News & Updates
|88E||AU Oil and Gas||AU Market|
Return vs Industry: 88E exceeded the Australian Oil and Gas industry which returned 48.8% over the past year.
Return vs Market: 88E exceeded the Australian Market which returned 19.3% over the past year.
Stable Share Price: 88E is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 14% a week.
Volatility Over Time: 88E's weekly volatility has decreased from 27% to 14% over the past year, but is still higher than 75% of Australian stocks.
About the Company
88 Energy Limited engages in the exploration of oil and gas properties in the United States. The company holds a 59% working interest in the Icewine project, which covers an area of approximately 231,000 acres located in North Slope of Alaska, the United States. It also holds a 100% working interest in the Yukon Gold leases covering an area of approximately 15,235 acres located on the eastern border of the Central North Slope of Alaska.
88 Energy Fundamentals Summary
|88E fundamental statistics|
Is 88E overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|88E income statement (TTM)|
|Cost of Revenue||AU$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.0012|
|Net Profit Margin||-390.63%|
How did 88E perform over the long term?See historical performance and comparison
Is 88 Energy 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 88E's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate 88E's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: 88E is unprofitable, so we can't compare its PE Ratio to the Australian Oil and Gas industry average.
PE vs Market: 88E 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 88E's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 88E is overvalued based on its PB Ratio (4.7x) compared to the AU Oil and Gas industry average (2.5x).
How is 88 Energy forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 88E is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: 88E is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: 88E is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: 88E's revenue is expected to decline over the next 3 years (-108.3% per year).
High Growth Revenue: 88E's revenue is forecast to decline over the next 3 years (-108.3% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if 88E's Return on Equity is forecast to be high in 3 years time
How has 88 Energy performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 88E is currently unprofitable.
Growing Profit Margin: 88E is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: 88E is unprofitable, and losses have increased over the past 5 years at a rate of 22.9% per year.
Accelerating Growth: Unable to compare 88E's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 88E is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-50.5%).
Return on Equity
High ROE: 88E has a negative Return on Equity (-18.6%), as it is currently unprofitable.
How is 88 Energy's financial position?
Financial Position Analysis
Short Term Liabilities: 88E's short term assets (A$22.6M) do not cover its short term liabilities (A$22.8M).
Long Term Liabilities: 88E has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: 88E is debt free.
Reducing Debt: 88E has no debt compared to 5 years ago when its debt to equity ratio was 54.7%.
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: 88E has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 88E has less than a year of cash runway if free cash flow continues to reduce at historical rates of 9.5% each year
What is 88 Energy current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 88E's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate 88E'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 88E's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 88E'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 88E'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 management tenure
Ashley Gilbert (45 yo)
Mr. Ashley Phillip Gilbert, B.Comm, CA, A Fin, GAICD, CSA(Cert) serves as Managing Director and Director at 88 Energy Limited since May 10, 2021. Mr. Gilbert serves as Director at XCD Energy Limited since...
CEO Compensation Analysis
Compensation vs Market: Ashley's total compensation ($USD354.20K) is below average for companies of similar size in the Australian market ($USD729.63K).
Compensation vs Earnings: Ashley's compensation has increased whilst the company is unprofitable.
Experienced Management: 88E's management team is not considered experienced ( 0.4 years average tenure), which suggests a new team.
Experienced Board: 88E's board of directors are not considered experienced ( 0.3 years average tenure), which suggests a new board.
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: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 61.2%.
88 Energy Limited's employee growth, exchange listings and data sources
- Name: 88 Energy Limited
- Ticker: 88E
- Exchange: ASX
- Founded: 1996
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Market Cap: AU$446.413m
- Shares outstanding: 14.40b
- Website: https://www.88energy.com
- 88 Energy Limited
- 516 Hay Street
- Ground Floor
- Western Australia
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/15 15:45|
|End of Day Share Price||2021/10/15 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.