Executive Summary
Beach Energy Limited operates as an oil and gas exploration and production company.
Rewards
Risk Analysis
Snowflake Analysis
Solid track record with excellent balance sheet.
Similar Companies
Share Price & News
How has Beach Energy's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BPT's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
21.6%
BPT
15.3%
AU Oil and Gas
13.4%
AU Market
1 Year Return
-44.7%
BPT
-46.7%
AU Oil and Gas
-18.8%
AU Market
Return vs Industry: BPT exceeded the Australian Oil and Gas industry which returned -48.2% over the past year.
Return vs Market: BPT underperformed the Australian Market which returned -22.9% over the past year.
Shareholder returns
| BPT | Industry | Market | |
|---|---|---|---|
| 7 Day | 21.6% | 15.3% | 13.4% |
| 30 Day | -34.2% | -35.4% | -20.7% |
| 90 Day | -54.0% | -46.9% | -24.4% |
| 1 Year | -44.2%-44.7% | -44.6%-46.7% | -15.2%-18.8% |
| 3 Year | 55.0%46.2% | -38.0%-45.5% | -2.8%-15.9% |
| 5 Year | 21.5%11.1% | -38.3%-49.3% | 9.3%-15.3% |
Price Volatility Vs. Market
How volatile is Beach Energy's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
How Does Beach Energy's (ASX:BPT) P/E Compare To Its Industry, After The Share Price Drop?2 weeks ago | Simply Wall St
Did Beach Energy Limited (ASX:BPT) Insiders Sell Shares?1 month ago | Simply Wall St
What Is Beach Energy's (ASX:BPT) P/E Ratio After Its Share Price Tanked?Valuation
Is Beach Energy 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: BPT (A$1.16) is trading below our estimate of fair value (A$5.96)
Significantly Below Fair Value: BPT is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BPT is good value based on its PE Ratio (4.6x) compared to the Oil and Gas industry average (7x).
PE vs Market: BPT is good value based on its PE Ratio (4.6x) compared to the Australian market (12.6x).
Price to Earnings Growth Ratio
PEG Ratio: BPT is poor value based on its PEG Ratio (2x)
Price to Book Ratio
PB vs Industry: BPT is overvalued based on its PB Ratio (1x) compared to the AU Oil and Gas industry average (0.7x).
Next Steps
Future Growth
How is Beach Energy forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?
2.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BPT's forecast earnings growth (2.4% per year) is above the savings rate (1.1%).
Earnings vs Market: BPT's earnings (2.4% per year) are forecast to grow slower than the Australian market (9.7% per year).
High Growth Earnings: BPT's earnings are forecast to grow, but not significantly.
Revenue vs Market: BPT's revenue (5.8% per year) is forecast to grow faster than the Australian market (4% per year).
High Growth Revenue: BPT's revenue (5.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BPT's Return on Equity is forecast to be low in 3 years time (13.6%).
Next Steps
Past Performance
How has Beach Energy performed over the past 5 years?
61.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BPT has high quality earnings.
Growing Profit Margin: BPT's current net profit margins (29.1%) are higher than last year (20%).
Past Earnings Growth Analysis
Earnings Trend: BPT has become profitable over the past 5 years, growing earnings by 61.1% per year.
Accelerating Growth: BPT's earnings growth over the past year (48.4%) is below its 5-year average (61.1% per year).
Earnings vs Industry: BPT earnings growth over the past year (48.4%) exceeded the Oil and Gas industry -16%.
Return on Equity
High ROE: BPT's Return on Equity (21.8%) is considered high.
Next Steps
Financial Health
How is Beach Energy's financial position?
Financial Position Analysis
Short Term Liabilities: BPT's short term assets (A$547.6M) exceed its short term liabilities (A$519.0M).
Long Term Liabilities: BPT's short term assets (A$547.6M) do not cover its long term liabilities (A$1.0B).
Debt to Equity History and Analysis
Debt Level: BPT's debt to equity ratio (1.2%) is considered satisfactory.
Reducing Debt: BPT's debt to equity ratio has reduced from 8.3% to 1.2% over the past 5 years.
Debt Coverage: BPT's debt is well covered by operating cash flow (3005.6%).
Interest Coverage: BPT earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: BPT has a high level of physical assets or inventory.
Debt Coverage by Assets: BPT's debt is covered by short term assets (assets are 18.1x debt).
Next Steps
Dividend
What is Beach Energy's current dividend yield, its reliability and sustainability?
1.73%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BPT's dividend (1.73%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (3.35%).
High Dividend: BPT's dividend (1.73%) is low compared to the top 25% of dividend payers in the Australian market (8.5%).
Stability and Growth of Payments
Stable Dividend: BPT is not paying a notable dividend for the Australian market, therefore no need to check if payments are stable.
Growing Dividend: BPT is not paying a notable dividend for the Australian market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: BPT is not paying a notable dividend for the Australian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of BPT'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?
2.2yrs
Average management tenure
CEO
Matt Kay (49yo)
3.83s
Tenure
AU$2,892,965
Compensation
Mr. Matthew Vincent Kay, also known as Matt, BE Commerce, MBA, FCPA, GAICD, has been Chief Executive Officer of Beach Energy Limited since May 2, 2016 and has been its Managing Director and Director since ...
CEO Compensation Analysis
Compensation vs Market: Matt's total compensation ($USD1.77M) is about average for companies of similar size in the Australian market ($USD1.79M).
Compensation vs Earnings: Matt's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, MD & Director | 3.83yrs | AU$2.89m | 0.16% A$3.8m | |
| Chief Financial Officer | 3.5yrs | AU$934.14k | 0.0029% A$68.2k | |
| Chief Operating Officer | 2yrs | AU$1.05m | no data | |
| Group Executive of Exploration & Appraisal | 3.17yrs | AU$792.22k | 0.0015% A$36.9k | |
| Group Executive of Corporate Strategy & Commercial | 2.17yrs | AU$728.97k | no data | |
| Investor Relations Manager | no data | no data | no data | |
| General Counsel | 0.67yr | no data | no data | |
| Group Executive of Human Resources | 0.42yr | no data | no data | |
| Head of Corporate Affairs & Community Relations | no data | no data | no data | |
| Company Secretary | no data | no data | no data |
2.2yrs
Average Tenure
Experienced Management: BPT's management team is considered experienced (2.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, MD & Director | 3.83yrs | AU$2.89m | 0.16% A$3.8m | |
| Non Executive Director | 3.67yrs | AU$125.00k | no data | |
| Independent Non Executive Director | 2yrs | AU$135.00k | 0.0022% A$52.2k | |
| Independent Non Executive Chairman | 7.33yrs | AU$275.00k | 0.011% A$254.3k | |
| Independent Non-Executive Director | 4yrs | AU$144.09k | 0.0052% A$123.5k | |
| Independent Non-Executive Director | 2.67yrs | AU$140.00k | 0.0019% A$46.2k | |
| Independent Non-Executive Deputy Chairman | 3.92yrs | AU$161.00k | 0.0036% A$85.3k | |
| Non Executive Director | 3yrs | AU$125.00k | 0.0083% A$196.6k | |
| Independent Non-Executive Director | 1yr | AU$38.50k | no data |
3.0yrs
Average Tenure
51yo
Average Age
Experienced Board: BPT's board of directors are considered experienced (3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: BPT insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Beach Energy Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Beach Energy Limited
- Ticker: BPT
- Exchange: ASX
- Founded: 1961
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Market Cap: AU$2.383b
- Shares outstanding: 2.28b
- Website: https://www.beachenergy.com.au
Number of Employees
Location
- Beach Energy Limited
- 80 Flinders Street
- Level 8
- Adelaide
- South Australia
- 5000
- Australia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BEPT.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jan 1992 |
| BPT | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | Jan 1992 |
| BPS | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jan 1992 |
| BPT | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | Jan 1992 |
| BCHE.Y | OTCPK (Pink Sheets LLC) | ADR | US | USD | Jul 2010 |
Biography
Beach Energy Limited operates as an oil and gas exploration and production company. The company engages in the operated and non-operated, onshore and offshore, and oil and gas production in five producing basins across Australia and New Zealand. As of June 30, 2019, it had a production capacity of 29.4 million barrels of oil equivalent; and 326 million barrels of oil equivalent of proved plus probable reserves. The company was formerly known as Beach Petroleum Limited and changed its name to Beach Energy Limited in December 2009. Beach Energy Limited was founded in 1961 and is headquartered in Adelaide, Australia.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/03/30 10:31 |
| End of Day Share Price | 2020/03/30 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/06/30 |
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.