ASX:BAS

Stock Analysis Report

Executive Summary

Bass Oil Limited engages in the exploration and production of oil and gas in Indonesia.


Snowflake Analysis

Mediocre balance sheet with acceptable track record.

Share Price & News

How has Bass Oil's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BAS's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-25.0%

BAS

-10.4%

AU Oil and Gas

-7.1%

AU Market


1 Year Return

-50.0%

BAS

-19.1%

AU Oil and Gas

6.7%

AU Market

Return vs Industry: BAS underperformed the Australian Oil and Gas industry which returned -19.1% over the past year.

Return vs Market: BAS underperformed the Australian Market which returned 6.7% over the past year.


Shareholder returns

BASIndustryMarket
7 Day-25.0%-10.4%-7.1%
30 Day-25.0%-14.6%-5.3%
90 Day-40.0%-16.2%-3.2%
1 Year-50.0%-50.0%-15.9%-19.1%11.3%6.7%
3 Year-25.0%-25.0%0.4%-10.4%28.2%11.2%
5 Year-50.8%-70.0%-7.3%-23.2%40.9%9.2%

Price Volatility Vs. Market

How volatile is Bass Oil's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BAS (A$0) is trading below our estimate of fair value (A$0.01)

Significantly Below Fair Value: BAS is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: BAS is poor value based on its PE Ratio (27.4x) compared to the Oil and Gas industry average (9.1x).

PE vs Market: BAS is poor value based on its PE Ratio (27.4x) compared to the Australian market (18x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BAS's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BAS is overvalued based on its PB Ratio (2.5x) compared to the AU Oil and Gas industry average (1.1x).


Next Steps

Future Growth

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

14.8%

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 Bass Oil 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 Bass Oil performed over the past 5 years?

16.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BAS has high quality earnings.

Growing Profit Margin: BAS became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: BAS has become profitable over the past 5 years, growing earnings by 16.8% per year.

Accelerating Growth: BAS has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: BAS has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-0.7%).


Return on Equity

High ROE: BAS's Return on Equity (9.3%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Bass Oil's financial position?


Financial Position Analysis

Short Term Liabilities: BAS's short term assets ($1.9M) do not cover its short term liabilities ($2.6M).

Long Term Liabilities: BAS's short term assets ($1.9M) exceed its long term liabilities ($172.9K).


Debt to Equity History and Analysis

Debt Level: BAS's debt to equity ratio (52.3%) is considered high.

Reducing Debt: Insufficient data to determine if BAS's debt to equity ratio has reduced over the past 5 years.


Balance Sheet

Inventory Level: BAS has a high level of physical assets or inventory.

Debt Coverage by Assets: BAS's debt is covered by short term assets (assets are 3.5x 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: BAS is profitable, therefore cash runway is not a concern.

Forecast Cash Runway: BAS is profitable, therefore cash runway is not a concern.


Next Steps

Dividend

What is Bass Oil's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.5%markettop25%5.8%industryaverage4.4%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

Growing Dividend: Insufficient data to determine if BAS'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 BAS'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?

3.0yrs

Average management tenure


CEO

Tino Guglielmo (60yo)

3yrs

Tenure

US$245,801

Compensation

Mr. Giustino Guglielmo, also known as Tino, MAICD, MSPE, B.Eng (Mech), FIEAust, DipAICD, has been the Managing Director of Bass Oil Limited since February 1, 2017 and serves as its Chief Executive Officer. ...


CEO Compensation Analysis

Compensation vs Market: Tino's total compensation ($USD245.80K) is about average for companies of similar size in the Australian market ($USD252.03K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Giustino Guglielmo
MD, CEO & Executive Director3yrsUS$245.80k8.55% $428.4k
Robyn Hamilton
Company Secretary8.9yrsUS$69.02k0.22% $11.3k
S Brealey
Staff Geologist New Ventures1.8yrsUS$176.89kno data

3.0yrs

Average Tenure

Experienced Management: BAS's management team is considered experienced (3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Giustino Guglielmo
MD, CEO & Executive Director3yrsUS$245.80k8.55% $428.4k
Hector Gordon
Non-Executive Independent Director5.3yrsUS$44.43k0.76% $37.9k
Mark Lindh
Non-Executive Independent Director5.2yrsUS$40.39k1.28% $64.0k
Peter Mullins
Independent Chairman5.2yrsUS$60.59k1.82% $91.2k

5.2yrs

Average Tenure

Experienced Board: BAS's board of directors are considered experienced (5.2 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 6.7%.


Top Shareholders

Company Information

Bass Oil Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bass Oil Limited
  • Ticker: BAS
  • Exchange: ASX
  • Founded:
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: AU$5.013m
  • Shares outstanding: 3.34b
  • Website: https://www.bassoil.com.au

Location

  • Bass Oil Limited
  • 11-19 Bank Place
  • Level 5
  • Melbourne
  • Victoria
  • 3000
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BASASX (Australian Securities Exchange)YesOrdinary SharesAUAUDSep 2004
BASCHIA (Chi-X Australia)YesOrdinary SharesAUAUDSep 2004

Biography

Bass Oil Limited engages in the exploration and production of oil and gas in Indonesia. It holds a 55% interest in the Tangai-Sukananti KSO production assets located in South Sumatra, Indonesia. The company was formerly known as Bass Strait Oil Company Ltd and changed its name to Bass Oil Limited in March 2017. Bass Oil Limited is based in Melbourne, Australia. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/28 10:34
End of Day Share Price2020/02/27 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.