Executive Summary
Beach Energy Limited operates as an oil and gas exploration and production company. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 0.7% per year for the next 3 years
Snowflake Analysis
Undervalued 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 is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: BPT's weekly volatility (7%) has been stable over the past year.
Market Performance
7 Day Return
-3.0%
BPT
3.6%
AU Oil and Gas
1.2%
AU Market
1 Year Return
-31.4%
BPT
-22.9%
AU Oil and Gas
-1.3%
AU Market
Return vs Industry: BPT underperformed the Australian Oil and Gas industry which returned -22.9% over the past year.
Return vs Market: BPT underperformed the Australian Market which returned -1.3% over the past year.
Shareholder returns
| BPT | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.0% | 3.6% | 1.2% |
| 30 Day | 5.1% | 9.8% | 1.7% |
| 90 Day | 47.0% | 32.3% | 10.1% |
| 1 Year | -30.6%-31.4% | -20.0%-22.9% | 2.0%-1.3% |
| 3 Year | 51.0%45.9% | -11.8%-21.2% | 26.1%10.6% |
| 5 Year | 450.4%403.9% | 34.5%14.7% | 67.5%33.8% |
Long-Term 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
5 days ago | Simply Wall St
What We Learned About Beach Energy's (ASX:BPT) CEO Pay1 month ago | Simply Wall St
Are Beach Energy's (ASX:BPT) Statutory Earnings A Good Guide To Its Underlying Profitability?1 month ago | Simply Wall St
What Kind Of Shareholders Own Beach Energy Limited (ASX:BPT)?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$1.94) is trading below our estimate of fair value (A$9.03)
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 (8.8x) compared to the AU Oil and Gas industry average (22.5x).
PE vs Market: BPT is good value based on its PE Ratio (8.8x) compared to the Australian market (22.7x).
Price to Earnings Growth Ratio
PEG Ratio: BPT's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: BPT is good value based on its PB Ratio (1.6x) compared to the AU Oil and Gas industry average (1.8x).
Next Steps
Future Growth
How is Beach Energy forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
-0.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BPT's earnings are forecast to decline over the next 3 years (-0.7% per year).
Earnings vs Market: BPT's earnings are forecast to decline over the next 3 years (-0.7% per year).
High Growth Earnings: BPT's earnings are forecast to decline over the next 3 years.
Revenue vs Market: BPT's revenue (7.6% per year) is forecast to grow faster than the Australian market (5.1% per year).
High Growth Revenue: BPT's revenue (7.6% 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 (12.8%).
Next Steps
Past Performance
How has Beach Energy performed over the past 5 years?
61.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BPT has a high level of non-cash earnings.
Growing Profit Margin: BPT's current net profit margins (29%) are higher than last year (27.8%).
Past Earnings Growth Analysis
Earnings Trend: BPT has become profitable over the past 5 years, growing earnings by 61.6% per year.
Accelerating Growth: BPT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BPT had negative earnings growth (-13.2%) over the past year, making it difficult to compare to the Oil and Gas industry average (-44.9%).
Return on Equity
High ROE: BPT's Return on Equity (17.8%) is considered low.
Next Steps
Financial Health
How is Beach Energy's financial position?
Financial Position Analysis
Short Term Liabilities: BPT's short term assets (A$507.6M) exceed its short term liabilities (A$456.2M).
Long Term Liabilities: BPT's short term assets (A$507.6M) do not cover its long term liabilities (A$939.2M).
Debt to Equity History and Analysis
Debt Level: BPT's debt to equity ratio (2%) is considered satisfactory.
Reducing Debt: BPT's debt to equity ratio has reduced from 11.1% to 2% over the past 5 years.
Debt Coverage: BPT's debt is well covered by operating cash flow (1541.3%).
Interest Coverage: BPT earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Beach Energy current dividend yield, its reliability and sustainability?
1.03%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BPT's dividend (1.03%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2.08%).
High Dividend: BPT's dividend (1.03%) is low compared to the top 25% of dividend payers in the Australian market (5.07%).
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?
2.9yrs
Average management tenure
CEO
Matt Kay (50 yo)
4.67yrs
Tenure
AU$2,600,951
Compensation
Mr. Matthew Vincent Kay, also known as Matt, BE Commerce, MBA, FCPA, GAICD, joined Beach Energy Limited in May 2, 2016 as Chief Executive Officer and has been its Managing Director and Director since Febru...
CEO Compensation Analysis
Compensation vs Market: Matt's total compensation ($USD2.00M) is about average for companies of similar size in the Australian market ($USD1.95M).
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 | 4.67yrs | AU$2.60m | 0.17% A$ 7.4m | |
| Chief Financial Officer | 4.33yrs | AU$911.56k | 0.018% A$ 770.5k | |
| Group Executive of Exploration & Appraisal | 4yrs | AU$830.80k | 0.016% A$ 705.1k | |
| Group Executive of Development | 2.92yrs | AU$746.06k | 0.0017% A$ 72.4k | |
| Chief Operating Officer | 0.50yr | no data | no data | |
| Investor Relations Manager | no data | no data | no data | |
| General Counsel | 1.5yrs | no data | no data | |
| Group Executive of Human Resources | 1.25yrs | no data | no data | |
| Head of Corporate Affairs & Community Relations | no data | no data | no data | |
| Company Secretary | 0.83yr | no data | no data | |
| General Manager of Production | 4yrs | no data | no data |
2.9yrs
Average Tenure
Experienced Management: BPT's management team is considered experienced (2.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, MD & Director | 4.67yrs | AU$2.60m | 0.17% A$ 7.4m | |
| Non Executive Director | 4.5yrs | AU$137.50k | no data | |
| Independent Non Executive Director | 2.92yrs | AU$137.50k | 0.0022% A$ 94.9k | |
| Independent Non Executive Chairman | 8.17yrs | AU$305.00k | 0.011% A$ 462.0k | |
| Independent Non-Executive Director | 4.83yrs | AU$147.50k | 0.0052% A$ 224.5k | |
| Independent Non-Executive Director | 3.5yrs | AU$152.50k | 0.0019% A$ 84.1k | |
| Independent Non-Executive Deputy Chairman | 4.75yrs | AU$162.50k | 0.0036% A$ 155.1k | |
| Non Executive Director | 3.92yrs | AU$137.50k | 0.0082% A$ 357.1k | |
| Independent Non-Executive Director | 1.92yrs | AU$147.50k | no data |
3.9yrs
Average Tenure
52yo
Average Age
Experienced Board: BPT's board of directors are considered experienced (3.9 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.
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$4.334b
- 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 ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/20 07:02 |
| End of Day Share Price | 2021/01/20 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2020/06/30 |
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.