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BLU

Blue EnergyASX:BLU Stock Report

Market Cap

AU$85.6m

7D

-6.7%

1Y

-15.2%

Updated

17 Oct, 2021

Data

Company Financials +
BLU fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

BLU Overview

Blue Energy Limited, an oil and gas exploration company, engages in the exploration, evaluation, and development of conventional and unconventional oil and gas resources primarily in Queensland and the Northern Territory in Australia.

Blue Energy Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Blue Energy
Historical stock prices
Current Share PriceAU$0.056
52 Week HighAU$0.048
52 Week LowAU$0.11
Beta1.71
1 Month Change-11.11%
3 Month Change-15.15%
1 Year Change-15.15%
3 Year Change-16.42%
5 Year Change93.10%
Change since IPO-95.26%

Recent News & Updates

Jul 23
Companies Like Blue Energy (ASX:BLU) Are In A Position To Invest In Growth

Companies Like Blue Energy (ASX:BLU) Are In A Position To Invest In Growth

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...

Mar 30
We Think Blue Energy (ASX:BLU) Can Afford To Drive Business Growth

We Think Blue Energy (ASX:BLU) Can Afford To Drive Business Growth

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...

Dec 15
Here's Why We're Not Too Worried About Blue Energy's (ASX:BLU) Cash Burn Situation

Here's Why We're Not Too Worried About Blue Energy's (ASX:BLU) Cash Burn Situation

There's no doubt that money can be made by owning shares of unprofitable businesses. Indeed, Blue Energy ( ASX:BLU...

Shareholder Returns

BLUAU Oil and GasAU Market
7D-6.7%0.5%0.9%
1Y-15.2%48.9%20.2%

Return vs Industry: BLU underperformed the Australian Oil and Gas industry which returned 48.9% over the past year.

Return vs Market: BLU underperformed the Australian Market which returned 20.2% over the past year.

Price Volatility

Is BLU's price volatile compared to industry and market?
BLU volatility
BLU Beta1.71
Industry Beta1.28
Market Beta1

Stable Share Price: BLU is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: BLU's weekly volatility (10%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2004n/aJohn Phillipshttps://www.blueenergy.com.au

Blue Energy Limited, an oil and gas exploration company, engages in the exploration, evaluation, and development of conventional and unconventional oil and gas resources primarily in Queensland and the Northern Territory in Australia. It holds 2P reserves of 71 PJ; 3P reserves of 298 PJ and 3,248 PJ; and 3P + 2C reserves. The company was founded in 2004 and is based in Brisbane, Australia.

Blue Energy Fundamentals Summary

How do Blue Energy's earnings and revenue compare to its market cap?
BLU fundamental statistics
Market CapAU$85.58m
Earnings (TTM)-AU$995.00k
Revenue (TTM)n/a

0x

P/S Ratio

-86.2x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BLU income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
ExpensesAU$995.00k
Earnings-AU$995.00k

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.00065
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0%

How did BLU perform over the long term?

See historical performance and comparison

Valuation

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

1.39x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate BLU's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate BLU's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: BLU is unprofitable, so we can't compare its PE Ratio to the Australian Oil and Gas industry average.

PE vs Market: BLU 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 BLU's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BLU is good value based on its PB Ratio (1.4x) compared to the AU Oil and Gas industry average (2.5x).


Future Growth

How is Blue Energy forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

-0.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BLU is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: BLU is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: BLU is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: Insufficient data to determine if BLU's revenue is forecast to grow faster than the Australian market.

High Growth Revenue: BLU is forecast to have no revenue next year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BLU is forecast to be unprofitable in 3 years.


Past Performance

How has Blue Energy performed over the past 5 years?

-12.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BLU is currently unprofitable.

Growing Profit Margin: BLU is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BLU is unprofitable, and losses have increased over the past 5 years at a rate of 12.3% per year.

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

Earnings vs Industry: BLU 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: BLU has a negative Return on Equity (-1.61%), as it is currently unprofitable.


Financial Health

How is Blue Energy's financial position?


Financial Position Analysis

Short Term Liabilities: BLU's short term assets (A$2.0M) exceed its short term liabilities (A$955.0K).

Long Term Liabilities: BLU's short term assets (A$2.0M) exceed its long term liabilities (A$607.0K).


Debt to Equity History and Analysis

Debt Level: BLU is debt free.

Reducing Debt: BLU has not had any debt for 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: BLU has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: BLU has less than a year of cash runway if free cash flow continues to reduce at historical rates of 0.7% each year


Dividend

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


Dividend Yield vs Market

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

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

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

9.0yrs

Average board tenure


CEO

John Phillips

11.5yrs

Tenure

AU$447,725

Compensation

Mr. John M. Phillips, BSc (Hons), GAICD has been the Chief Executive Officer of Blue Energy Limited since April 1, 2010 and its Managing Director since June 28, 2010. Mr. Phillips prioritises the explorati...


CEO Compensation Analysis

Compensation vs Market: John's total compensation ($USD332.31K) is about average for companies of similar size in the Australian market ($USD302.72K).

Compensation vs Earnings: John's compensation has increased whilst the company is unprofitable.


Board Members

Experienced Board: BLU's board of directors are considered experienced (9 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 15%.


Top Shareholders

Company Information

Blue Energy Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Blue Energy Limited
  • Ticker: BLU
  • Exchange: ASX
  • Founded: 2004
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: AU$85.580m
  • Shares outstanding: 1.53b
  • Website: https://www.blueenergy.com.au

Location

  • Blue Energy Limited
  • 26 Wharf Street
  • Level 10
  • Brisbane
  • Queensland
  • 4000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/17 07:03
End of Day Share Price2021/10/15 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.