88 Energy
88 Energy Limited engages in the exploration of oil and gas properties. The last earnings update was 58 days ago. More info.
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- 88 Energy has significant price volatility in the past 3 months.
88E Share Price and Events
7 Day Returns
1 Year Returns
88E Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| 88 Energy (88E) | 0% | -6.7% | -30% | -70.2% | -64.1% | -93.3% |
| AU Oil and Gas | 3.4% | 0.7% | 9.8% | 5.7% | 34.8% | -30.3% |
| AU Market | 0.5% | 1.9% | 8% | 4.9% | 19.5% | 6.3% |
1 Year Return vs Industry and Market
- 88E underperformed the Oil and Gas industry which returned 5.7% over the past year.
- 88E underperformed the Market in Australia which returned 4.9% over the past year.
88E Value
Is 88 Energy undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
- It is not possible to calculate the future cash flow value for 88 Energy. This is due to cash flow or dividend data being unavailable. The share price is A$0.014.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for 88 Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
88 Energy's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in AUD | A$0.00 |
| ASX:88E Share Price ** | ASX (2019-04-24) in AUD | A$0.01 |
| Australia Oil and Gas Industry PE Ratio | Median Figure of 23 Publicly-Listed Oil and Gas Companies | 8.09x |
| Australia Market PE Ratio | Median Figure of 544 Publicly-Listed Companies | 16.19x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of 88 Energy.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = ASX:88E Share Price ÷ EPS (both in AUD) = 0.01 ÷ 0.00 |
-14.46x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- 88 Energy is loss making, we can't compare its value to the AU Oil and Gas industry average.
- 88 Energy is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does
88 Energy's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | -14.46x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts |
9.7%per year |
| Australia Oil and Gas Industry PEG Ratio | Median Figure of 17 Publicly-Listed Oil and Gas Companies | 0.24x |
| Australia Market PEG Ratio | Median Figure of 359 Publicly-Listed Companies | 1.38x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for 88 Energy, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
88 Energy's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in AUD | A$0.01 |
| ASX:88E Share Price * | ASX (2019-04-24) in AUD | A$0.01 |
| Australia Oil and Gas Industry PB Ratio | Median Figure of 145 Publicly-Listed Oil and Gas Companies | 1.3x |
| Australia Market PB Ratio | Median Figure of 1,676 Publicly-Listed Companies | 1.68x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = ASX:88E Share Price ÷ Book Value per Share (both in AUD) = 0.01 ÷ 0.01 |
0.94x |
* Primary Listing of 88 Energy.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- 88 Energy is good value based on assets compared to the AU Oil and Gas industry average.
Value checks
We assess 88 Energy's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check) 88 Energy has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
88E Future Performance
How is 88 Energy expected to perform in the next 1 to 3 years based on estimates from 1 analyst?
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Unable to compare 88 Energy's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
- Unable to compare 88 Energy's earnings growth to the Australia market average as it is expected to be loss making during the next 1-3 years.
- 88 Energy's revenues are expected to decrease over the next 1-3 years, this is below the Australia market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| ASX:88E Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts | 9.7% |
| ASX:88E Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts | -93.9% |
| Australia Oil and Gas Industry Earnings Growth Rate | Market Cap Weighted Average | 4.2% |
| Australia Oil and Gas Industry Revenue Growth Rate | Market Cap Weighted Average | 2.7% |
| Australia Market Earnings Growth Rate | Market Cap Weighted Average | 6.7% |
| Australia Market Revenue Growth Rate | Market Cap Weighted Average | 3% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 1 Analyst Estimates (S&P Global) | See Below |
| Date (Data in AUD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 0 | -6 | -6 | 1 |
| 2020-12-31 | 0 | -6 | -6 | 1 |
| 2019-12-31 | 0 | -6 | -14 | 1 |
| Date (Data in AUD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | -7 | -6 | |
| 2018-09-30 | 0 | -6 | -6 |
| 2018-06-30 | 0 | -6 | -6 |
| 2018-03-31 | 0 | -5 | -7 |
| 2017-12-31 | -4 | -8 | |
| 2017-09-30 | 0 | -4 | -8 |
| 2017-06-30 | 0 | -3 | -7 |
| 2017-03-31 | 0 | -3 | -8 |
| 2016-12-31 | -3 | -9 | |
| 2016-09-30 | 0 | -5 | -10 |
| 2016-06-30 | 0 | -6 | -11 |
| 2016-03-31 | 0 | -5 | -9 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 1 Analyst Estimates (S&P Global) | See Below |
All data from 88 Energy Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in AUD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | ||||
| 2020-12-31 | ||||
| 2019-12-31 |
| Date (Data in AUD Millions) | EPS * |
|---|---|
| 2018-12-31 | 0.00 |
| 2018-09-30 | 0.00 |
| 2018-06-30 | 0.00 |
| 2018-03-31 | 0.00 |
| 2017-12-31 | 0.00 |
| 2017-09-30 | 0.00 |
| 2017-06-30 | 0.00 |
| 2017-03-31 | 0.00 |
| 2016-12-31 | 0.00 |
| 2016-09-30 | 0.00 |
| 2016-06-30 | 0.00 |
| 2016-03-31 | 0.00 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if 88 Energy will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess 88 Energy's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
88 Energy has a total score of 0/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
88E Past Performance
How has 88 Energy performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- 88 Energy does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
- Unable to compare 88 Energy's 1-year earnings growth to the 5-year average as it is not currently profitable.
- Unable to compare 88 Energy's 1-year growth to the AU Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
All data from 88 Energy Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in AUD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | -5.99 | 3.47 | ||
| 2018-09-30 | 0.25 | -5.81 | 3.25 | |
| 2018-06-30 | 0.49 | -5.64 | 3.03 | |
| 2018-03-31 | 0.25 | -7.02 | 3.91 | |
| 2017-12-31 | -8.41 | 4.78 | ||
| 2017-09-30 | 0.00 | -7.93 | 5.04 | |
| 2017-06-30 | 0.00 | -7.45 | 5.30 | |
| 2017-03-31 | 0.00 | -8.42 | 4.57 | |
| 2016-12-31 | -9.40 | 3.84 | ||
| 2016-09-30 | 0.02 | -10.29 | 4.10 | |
| 2016-06-30 | 0.04 | -11.18 | 4.35 | |
| 2016-03-31 | 0.02 | -8.74 | 4.83 | |
| 2015-12-31 | -6.30 | 5.30 | ||
| 2015-09-30 | -0.04 | -16.07 | 5.69 | |
| 2015-06-30 | -0.08 | -25.83 | 6.09 | |
| 2015-03-31 | -0.04 | -26.77 | 6.63 | |
| 2014-12-31 | -27.71 | 7.18 | ||
| 2014-09-30 | 0.31 | -18.70 | 7.03 | |
| 2014-06-30 | 0.61 | -9.68 | 6.88 | |
| 2014-03-31 | 0.56 | -8.29 | 5.92 | |
| 2013-12-31 | 0.51 | -6.89 | 4.97 | |
| 2013-09-30 | 0.18 | -6.06 | 5.12 | |
| 2013-06-30 | -0.04 | -5.22 | 5.27 | |
| 2013-03-31 | 0.00 | -5.00 | 5.01 | |
| 2012-12-31 | -4.77 | 4.75 | ||
| 2012-09-30 | 0.09 | -5.58 | 5.74 | |
| 2012-06-30 | 0.14 | -6.38 | 6.73 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- It is difficult to establish if 88 Energy has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
- It is difficult to establish if 88 Energy has efficiently used its assets last year compared to the AU Oil and Gas industry average (Return on Assets) as it is loss-making.
- It is difficult to establish if 88 Energy improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
Past performance checks
We assess 88 Energy's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
88 Energy has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
88E Health
How is 88 Energy's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up 88 Energy's finances.
The net worth of a company is the difference between its assets and liabilities.
- 88 Energy is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- 88 Energy's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from 88 Energy Company Filings, last reported 3 months ago.
| Date (Data in AUD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 94.11 | 23.42 | 21.72 |
| 2018-09-30 | 94.11 | 23.42 | 21.72 |
| 2018-06-30 | 79.62 | 22.31 | 15.09 |
| 2018-03-31 | 79.62 | 22.31 | 15.09 |
| 2017-12-31 | 55.53 | 21.16 | 14.01 |
| 2017-09-30 | 55.53 | 21.16 | 14.01 |
| 2017-06-30 | 58.72 | 22.85 | 31.55 |
| 2017-03-31 | 58.72 | 22.85 | 31.55 |
| 2016-12-31 | 48.01 | 22.78 | 27.30 |
| 2016-09-30 | 48.01 | 22.78 | 27.30 |
| 2016-06-30 | 38.86 | 21.28 | 20.05 |
| 2016-03-31 | 38.86 | 21.28 | 20.05 |
| 2015-12-31 | 21.49 | 10.93 | 9.60 |
| 2015-09-30 | 21.49 | 10.93 | 9.60 |
| 2015-06-30 | 5.73 | 0.00 | 1.26 |
| 2015-03-31 | 5.73 | 0.00 | 1.26 |
| 2014-12-31 | 1.35 | 0.00 | 0.81 |
| 2014-09-30 | 1.35 | 0.00 | 0.81 |
| 2014-06-30 | 22.20 | 0.00 | 14.63 |
| 2014-03-31 | 22.20 | 0.00 | 14.63 |
| 2013-12-31 | 16.65 | 0.00 | 6.09 |
| 2013-09-30 | 16.65 | 0.00 | 6.09 |
| 2013-06-30 | 14.50 | 0.00 | 1.74 |
| 2013-03-31 | 14.50 | 0.00 | 1.74 |
| 2012-12-31 | 16.19 | 0.00 | 4.17 |
| 2012-09-30 | 16.19 | 0.00 | 4.17 |
| 2012-06-30 | 9.38 | 0.00 | 0.64 |
- 88 Energy's level of debt (24.9%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has increased over the past 5 years (0% vs 24.9% today).
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.
- 88 Energy has less than a year of cash runway based on current free cash flow.
- 88 Energy has less than a year of cash runway if free cash flow continues to grow at historical rates of 9.7% each year.
Financial health checks
We assess 88 Energy's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) 88 Energy has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
88E Dividends
What is 88 Energy's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
A$2,000 of
88 Energy
shares you are expected to receive
A$0
in your first year as a dividend.
Dividend Amount
- Unable to evaluate 88 Energy's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate 88 Energy's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 1 Analyst Estimates (S&P Global) | See Below |
| Australia Oil and Gas Industry Average Dividend Yield | Market Cap Weighted Average of 13 Stocks | 4.5% |
| Australia Market Average Dividend Yield | Market Cap Weighted Average of 417 Stocks | 4.3% |
| Australia Minimum Threshold Dividend Yield | 10th Percentile | 1.6% |
| Australia Bottom 25% Dividend Yield | 25th Percentile | 2.5% |
| Australia Top 25% Dividend Yield | 75th Percentile | 5.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in A$) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-12-31 | ||
| 2020-12-31 | ||
| 2019-12-31 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to perform a dividend volatility check as 88 Energy has not reported any payouts.
- Unable to verify if 88 Energy's dividend has been increasing as the company has not reported any payouts.
Income/ dividend checks
We assess 88 Energy's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can 88 Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) 88 Energy has a total score of 0/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
88E Management
CEO
| COMPENSATION | A$549,724 |
| TENURE AS CEO | 5 years |
CEO Bio
Mr. David James Wall, also known as Dave, has been a Managing Director of 88 Energy Limited (formerly Tangiers Petroleum Limited) since April 15, 2014. Prior to this, from October 2012 to April 2014, Mr. Wall served as the Director of Energy Research at Argonaut Securities Pty Limited, Research Division. He headed the energy research team at the firm. Before that, he was a Senior Equity Analyst at Hartleys Research, catering to the energy sector. Mr. Wall also spent a number of years at Woodside as their Lead Analyst in their budgeting and strategic planning division. He has specialist knowledge of Africa focused junior explorers and understanding of the capital markets. Mr. Wall publishes institutionally rated research on a range of companies. Mr. Wall is rated as the number one oil and gas analyst in greater than 50% of the stocks he covers by Bloomberg. He has been a Director of 88 Energy Limited since April 14, 2014. He holds a Bachelor of Commerce from the University of Western Australia, majority in Management and Finance.
CEO Compensation
- Dave's compensation has been consistent with company performance over the past year.
- Dave's remuneration is higher than average for companies of similar size in Australia.
Management Team Tenure
Average tenure of the 88 Energy management team in years:
- The tenure for the 88 Energy management team is about average.
Management Team
Dave Wall
MD & Director
A$550K
5 yrs
Ashley Gilbert
Chief Financial Officer
A$365K
2.3 yrs
Elizabeth Pattillo
Senior Geologist & Exploration Manager
Sarah Smith
Company Secretary
4.6 yrs
Board of Directors Tenure
Average tenure of the 88 Energy board of directors in years:
- The tenure for the 88 Energy board of directors is about average.
Board of Directors
Michael Evans
Non-Executive Chairman
A$153K
67
5 yrs
Dave Wall
MD & Director
A$550K
5 yrs
Steve Staley
Non-Executive Director
A$65K
58
5 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (A$) | Value (A$) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess 88 Energy's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) 88 Energy has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
88E News
Simply Wall St News
Is 88 Energy Limited's (ASX:88E) Balance Sheet A Threat To Its Future?
88 Energy Limited (ASX:88E) is a small-cap stock with a market capitalization of AU$116.72m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … So, understanding the company's financial health becomes
Simply Wall St - – Full articleIs 88 Energy Limited's (ASX:88E) CEO Salary Justified?
Given earnings are moving the right way, CEO pay should be reflective of Wall's value creation for shareholders. … Generally, an Australian small-cap has a value of $140M, generates earnings of $10M, and pays its CEO circa $500,000 annually. … Usually I would look at market cap and earnings as a proxy for performance, however, 88E's negative earnings lower the usefulness of my formula.
Simply Wall St - – Full articleWho Owns 88 Energy Limited (ASX:88E)?
Today, I will be analyzing 88 Energy Limited’s (ASX:88E) recent ownership structure, an important but not-so-popular subject among individual investors. … However, a higher level of insider ownership has been linked to management executing on high-returning projects instead of expansion projects for the sake of apparent growth. … Thus, investors not need worry too much about the consequences of these holdings.Next Steps: With a low level of institutional ownership, investors in 88E need not worry about non-fundamental factors such as ownership structure causing large impact on stock prices.
Simply Wall St - – Full articleAre 88 Energy Limited's (ASX:88E) Interest Costs Too High?
How does 88E’s operating cash flow stack up against its debt? … Moving onto cash from operations, its small level of operating cash flow means calculating cash-to-debt wouldn't be too useful, though these low levels of cash means that operational efficiency is worth a look. … Investors' risk associated with debt is very low with 88E, and the company has plenty of headroom and ability to raise debt should it need to in the future.Next Steps: 88E’s cash flow coverage indicates it could improve its operating efficiency in order to meet demand for debt repayments should unforeseen events arise.
Simply Wall St - – Full articleInterested In 88 Energy Limited (ASX:88E)? Here's What Its Recent Performance Looks Like
Investors with a long-term horizong may find it valuable to assess 88 Energy Limited's (ASX:88E) earnings trend over time and against its industry benchmark as opposed to simply looking at a sincle earnings announcement at one point in time. … View our latest analysis for 88 Energy How Did 88E's Recent Performance Stack Up Against Its Past? … For 88 Energy, its most recent trailing-twelve-month earnings is -A$7.4M, which compared to last year’s level, has become less negative.
Simply Wall St - – Full articleWhat does 88 Energy Limited's (ASX:88E) Balance Sheet Tell Us Abouts Its Future?
ASX:88E Historical Debt Nov 22nd 17 Can 88E meet its short-term obligations with the cash in hand? … Risk around debt is very low for 88E, and the company also has the ability and headroom to increase debt if needed going forward.Next Steps: Are you a shareholder? … But its current cash flow coverage of existing debt, in addition to the low liquidity, is concerning.
Simply Wall St - – Full articleShould You Sell 88 Energy Limited (ASX:88E) For This Reason?
Cash is crucial to run a business, and if a company burns through its reserves fast, it will need to come back to market for additional capital raising. … If the company does not increase its opex next year and remains at the current level of $5.3M, then it should not need to raise further capital for the next few years. … Given that 88E’s opex level is declining year on year, there’s plenty of cash runway for the company, meaning that there’s no urgent need for 88E to raise further cash.
Simply Wall St - – Full article88E Company Info
Description
88 Energy Limited engages in the exploration of oil and gas properties. The company holds a 66% working interest in the Icewine project, which covers an area of approximately 528,000 acres located onshore on the North Slope of Alaska, the United States. It also has a 100% working interest in the Yukon Gold leases that covers an area of 14,194 acres located on the eastern border of the Central North Slope of Alaska. The company was formerly known as Tangiers Petroleum Limited and changed its name to 88 Energy Limited in February 2015. 88 Energy Limited is based in West Perth, Australia.
Details
| Name: | 88 Energy Limited |
| 88E | |
| Exchange: | ASX |
| Founded: | |
| A$88,641,564 | |
| 6,331,540,324 | |
| Website: | http://www.88energy.com |
| Address: |
88 Energy Limited 5 Ord Street, Level 2, West Perth, Western Australia, 6005, Australia |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| ASX | 88E | Ordinary Shares | Australian Securities Exchange | AU | AUD | 20. Jan 2000 | |
| DB | POQ | Ordinary Shares | Deutsche Boerse AG | DE | EUR | 20. Jan 2000 | |
| AIM | 88E | Ordinary Shares | London Stock Exchange AIM Market | GB | GBP | 20. Jan 2000 | |
| CHIA | 88E | Ordinary Shares | Chi-X Australia | AU | AUD | 20. Jan 2000 | |
| OTCPK | TNGR.Y | SPONSORED ADR | Pink Sheets LLC | US | USD | 06. Jan 2012 |
Number of employees
Current staff
Industry
| Oil and Gas Exploration and Production | |
| Energy |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/24 10:32 |
| End of day share price update: | 2019/04/24 00:00 |
| Last estimates confirmation: | 2019/03/21 |
| Last earnings filing: | 2019/02/25 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
