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ADX Energy ASX:ADX Stock Report

Last Price


Market Cap







06 Aug, 2022


Company Financials
ADX fundamental analysis
Snowflake Score
Future Growth0/6
Past Performance0/6
Financial Health3/6

ADX Stock Overview

ADX Energy Ltd engages in the production, appraisal, and exploration of oil and gas properties.

ADX Energy Competitors

Price History & Performance

Summary of all time highs, changes and price drops for ADX Energy
Historical stock prices
Current Share PriceAU$0.007
52 Week HighAU$0.013
52 Week LowAU$0.006
1 Month Change0%
3 Month Change0%
1 Year Change-12.50%
3 Year Change-36.36%
5 Year Change-50.00%
Change since IPO-94.17%

Recent News & Updates

Jun 13
Health Check: How Prudently Does ADX Energy (ASX:ADX) Use Debt?

Health Check: How Prudently Does ADX Energy (ASX:ADX) Use Debt?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Shareholder Returns

ADXAU Oil and GasAU Market

Return vs Industry: ADX underperformed the Australian Oil and Gas industry which returned 28% over the past year.

Return vs Market: ADX underperformed the Australian Market which returned -7.9% over the past year.

Price Volatility

Is ADX's price volatile compared to industry and market?
ADX volatility
ADX Average Weekly Movement14.0%
Oil and Gas Industry Average Movement11.8%
Market Average Movement10.6%
10% most volatile stocks in AU Market17.5%
10% least volatile stocks in AU Market4.7%

Stable Share Price: ADX is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 14% a week.

Volatility Over Time: ADX's weekly volatility (14%) has been stable over the past year.

About the Company

1983n/aPaul Fink

ADX Energy Ltd engages in the production, appraisal, and exploration of oil and gas properties. Its project portfolio comprises the Gaiselberg and Zistersdorf fields in the Vienna basin, Austria; the Nilde Oil Field offshore redevelopment project in the Strait of Sicily, Italy; and the Parta exploration permit and Iecea Mare production permit in Western Romania. The company was formerly known as AuDAX Resources Ltd.

ADX Energy Fundamentals Summary

How do ADX Energy's earnings and revenue compare to its market cap?
ADX fundamental statistics
Market CapAU$21.42m
Earnings (TTM)-AU$4.17m
Revenue (TTM)AU$9.64m


P/S Ratio


P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ADX income statement (TTM)
Cost of RevenueAU$8.53m
Gross ProfitAU$1.10m
Other ExpensesAU$5.27m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date


Earnings per share (EPS)-0.0014
Gross Margin11.45%
Net Profit Margin-43.29%
Debt/Equity Ratio37.5%

How did ADX perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.


Is ADX undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score


Valuation Score 2/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ADX?

Other financial metrics that can be useful for relative valuation.

ADX key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue3x
Enterprise Value/EBITDA-15.9x
PEG Ration/a

Price to Sales Ratio vs Peers

How does ADX's PS Ratio compare to its peers?

ADX PS Ratio vs Peers
The above table shows the PS ratio for ADX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average5x
AXP AXP Energy
FZR Fitzroy River
WEL Winchester Energy
SGC Sacgasco
ADX ADX Energy

Price-To-Sales vs Peers: ADX is good value based on its Price-To-Sales Ratio (2.2x) compared to the peer average (5x).

Price to Earnings Ratio vs Industry

How does ADX's PE Ratio compare vs other companies in the AU Oil and Gas Industry?

Price-To-Sales vs Industry: ADX is good value based on its Price-To-Sales Ratio (2.2x) compared to the Australian Oil and Gas industry average (3.4x)

Price to Sales Ratio vs Fair Ratio

What is ADX's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ADX PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2.2x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate ADX's Price-To-Sales Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of ADX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ADX (A$0.01) is trading above our estimate of fair value (A$0.01)

Significantly Below Fair Value: ADX is trading above our estimate of fair value.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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Future Growth

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

Future Growth Score


Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


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 ADX Energy 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.

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  • Take a look at our analysis of ADX’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • ADX Energy competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has ADX Energy performed over the past 5 years?

Past Performance Score


Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ADX is currently unprofitable.

Growing Profit Margin: ADX is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: ADX is unprofitable, and losses have increased over the past 5 years at a rate of 15% per year.

Accelerating Growth: Unable to compare ADX's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ADX is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (299.7%).

Return on Equity

High ROE: ADX has a negative Return on Equity (-37.19%), as it is currently unprofitable.

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Financial Health

How is ADX Energy's financial position?

Financial Health Score


Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: ADX's short term assets (A$9.8M) exceed its short term liabilities (A$8.5M).

Long Term Liabilities: ADX's short term assets (A$9.8M) do not cover its long term liabilities (A$15.9M).

Debt to Equity History and Analysis

Debt Level: ADX has more cash than its total debt.

Reducing Debt: Insufficient data to determine if ADX'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: ADX has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if ADX has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.

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What is ADX Energy current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate ADX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ADX'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 ADX's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ADX's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as ADX has not reported any payouts.

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How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Paul Fink





Mr. Paul Fink, MSc (Geophysics), has been the Chief Executive Officer and Executive Director of ADX Energy Ltd. since September 28, 2015. Mr. Fink serves as a Technical Director of ADX Energy Ltd.He serve...

CEO Compensation Analysis

Compensation vs Market: Paul's total compensation ($USD265.67K) is about average for companies of similar size in the Australian market ($USD280.13K).

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

Leadership Team

Experienced Management: ADX's management team is seasoned and experienced (6.9 years average tenure).

Board Members

Experienced Board: ADX's board of directors are seasoned and experienced ( 12.6 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

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 15.1%.

Top Shareholders

Company Information

ADX Energy Ltd's employee growth, exchange listings and data sources

Key Information

  • Name: ADX Energy Ltd
  • Ticker: ADX
  • Exchange: ASX
  • Founded: 1983
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Implied Market Cap: AU$21.418m
  • Shares outstanding: 3.06b
  • Website:


  • ADX Energy Ltd
  • 29 Bay Road
  • Claremont
  • Western Australia
  • 6010
  • Australia


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/06 00:00
End of Day Share Price2022/08/05 00:00
Annual Earnings2021/12/31

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.