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Black Star Petroleum

ASX:BSP
Snowflake Description

Imperfect balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BSP
ASX
A$1M
Market Cap
  1. Home
  2. AU
  3. Energy
Company description

Black Star Petroleum Limited engages in the exploration of oil permits in the United States. The last earnings update was 81 days ago. More info.


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  • Black Star Petroleum has significant price volatility in the past 3 months.
BSP Share Price and Events
7 Day Returns
0%
ASX:BSP
1.9%
AU Oil and Gas
2.2%
AU Market
1 Year Returns
-
ASX:BSP
-2.2%
AU Oil and Gas
-6%
AU Market
BSP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Black Star Petroleum (BSP) 0% 0% -33.3% - 0% -
AU Oil and Gas 1.9% -4.3% -14.3% -2.2% 27.8% -42.8%
AU Market 2.2% -2.3% -8.3% -6% 13.4% -1.6%
1 Year Return vs Industry and Market
  • No trading data on BSP.
  • No trading data on BSP.
Price Volatility
BSP
Industry
5yr Volatility vs Market

Value

 Is Black Star Petroleum undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Black Star Petroleum to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Black Star Petroleum.

ASX:BSP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 11.7%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.8%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:BSP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.8%
Equity Risk Premium S&P Global 7.2%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.98
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.978 (1 + (1- 30%) (37.53%))
1.234
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.23
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.77% + (1.234 * 7.23%)
11.69%

Discounted Cash Flow Calculation for ASX:BSP using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Black Star Petroleum is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

ASX:BSP DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (AUD, Millions) 0.00 0.00 0.00 0.00 0.00
Source Est @ -20%, capped from -75.67% Est @ -19%, capped from -75.67% Est @ -18%, capped from -75.67% Est @ -17%, capped from -75.67% Est @ -16%, capped from -75.67%
Present Value
Discounted (@ 11.69%)
0.00 0.00 0.00 0.00 0.00
Present value of next 5 years cash flows A$0.01
ASX:BSP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= A$0.00 × (1 + 2.77%) ÷ (11.69% – 2.77%)
A$0.02
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= A$0.02 ÷ (1 + 11.69%)5
A$0.01
ASX:BSP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= A$0.01 + A$0.01
A$0.02
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$0.02 / 647.52
A$0
ASX:BSP Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$0.00
Current discount Discount to share price of A$0.00
= -1 x (A$0.00 - A$0.00) / A$0.00
-5644.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Black Star Petroleum is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Black Star Petroleum's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Black Star Petroleum's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:BSP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in AUD A$-0.00
ASX:BSP Share Price ** ASX (2018-09-20) in AUD A$0
Australia Oil and Gas Industry PE Ratio Median Figure of 29 Publicly-Listed Oil and Gas Companies 17.93x
Australia Market PE Ratio Median Figure of 558 Publicly-Listed Companies 14.96x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Black Star Petroleum.

ASX:BSP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:BSP Share Price ÷ EPS (both in AUD)

= 0 ÷ -0.00

-7.91x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Black Star Petroleum is loss making, we can't compare its value to the AU Oil and Gas industry average.
  • Black Star Petroleum is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does Black Star Petroleum's expected growth come at a high price?
Raw Data
ASX:BSP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -7.91x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Australia Oil and Gas Industry PEG Ratio Median Figure of 17 Publicly-Listed Oil and Gas Companies 0.95x
Australia Market PEG Ratio Median Figure of 360 Publicly-Listed Companies 1.4x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Black Star Petroleum, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Black Star Petroleum's assets?
Raw Data
ASX:BSP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in AUD A$-0.00
ASX:BSP Share Price * ASX (2018-09-20) in AUD A$0
Australia Oil and Gas Industry PB Ratio Median Figure of 143 Publicly-Listed Oil and Gas Companies 1.27x
Australia Market PB Ratio Median Figure of 1,658 Publicly-Listed Companies 1.64x
ASX:BSP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:BSP Share Price ÷ Book Value per Share (both in AUD)

= 0 ÷ -0.00

-1.58x

* Primary Listing of Black Star Petroleum.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Black Star Petroleum has negative assets, we can't compare the value of its assets to the AU Oil and Gas industry average.
X
Value checks
We assess Black Star Petroleum's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Black Star Petroleum has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Black Star Petroleum expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Black Star Petroleum 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
11.4%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Black Star Petroleum expected to grow at an attractive rate?
  • Unable to compare Black Star Petroleum's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Black Star Petroleum's earnings growth to the Australia market average as no estimate data is available.
  • Unable to compare Black Star Petroleum's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:BSP Future Growth Rates Data Sources
Data Point Source Value (per year)
Australia Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 11.4%
Australia Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 5.6%
Australia Market Earnings Growth Rate Market Cap Weighted Average 6.1%
Australia Market Revenue Growth Rate Market Cap Weighted Average 2.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:BSP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:BSP Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-06-30 -0 -0
2018-03-31 0 -0 -0
2017-12-31 0 -0 -0
2017-09-30 0 -0 -0
2017-06-30 0 -0 -0
2017-03-31 0 -0 -2
2016-12-31 0 -0 -4
2016-09-30 1 -0 -6
2016-06-30 1 -0 -7
2016-03-31 1 -0 -10
2015-12-31 0 -0 -13
2015-09-30 0 -0 -12

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Black Star Petroleum is high growth as no earnings estimate data is available.
  • Unable to determine if Black Star Petroleum is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:BSP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Black Star Petroleum Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:BSP Past Financials Data
Date (Data in AUD Millions) EPS *
2018-06-30 -0.00
2018-03-31 -0.00
2017-12-31 -0.00
2017-09-30 -0.00
2017-06-30 -0.00
2017-03-31 -0.00
2016-12-31 -0.01
2016-09-30 -0.01
2016-06-30 -0.01
2016-03-31 -0.02
2015-12-31 -0.02
2015-09-30 -0.02

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Black Star Petroleum will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Black Star Petroleum's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Energy companies here
  2. Black Star Petroleum's competitive advantages and company strategy can generally be found in its financial reports archived here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Black Star Petroleum's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Black Star Petroleum has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Black Star Petroleum performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Black Star Petroleum's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Black Star Petroleum does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Black Star Petroleum's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Black Star Petroleum's 1-year growth to the AU Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Black Star Petroleum's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Black Star Petroleum Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:BSP Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 -0.13 0.02
2018-03-31 0.00 -0.15 0.03
2017-12-31 0.00 -0.17 0.04
2017-09-30 0.00 -0.21 0.09
2017-06-30 0.00 -0.26 0.14
2017-03-31 0.23 -2.26 0.16
2016-12-31 0.45 -4.27 0.19
2016-09-30 0.64 -5.66 0.26
2016-06-30 0.82 -7.05 0.34
2016-03-31 0.60 -9.93 0.41
2015-12-31 0.37 -12.81 0.48
2015-09-30 0.19 -11.64 0.51
2015-06-30 -10.47 0.54
2015-03-31 -7.07 0.62
2014-12-31 -3.67 0.70
2014-09-30 -3.56 0.69
2014-06-30 -3.44 0.67
2014-03-31 -2.07 0.62
2013-12-31 -0.70 0.58
2013-09-30 -0.66 0.57
2013-06-30 -0.63 0.57
2013-03-31 -0.55 0.51
2012-12-31 -0.48 0.45
2012-09-30 -0.39 0.39
2012-06-30 -0.31 0.33

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Black Star Petroleum has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if Black Star Petroleum has efficiently used its assets last year compared to the AU Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Black Star Petroleum improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.
X
Past performance checks
We assess Black Star Petroleum's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Black Star Petroleum has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Black Star Petroleum's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Black Star Petroleum's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Black Star Petroleum's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Black Star Petroleum's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Black Star Petroleum's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Black Star Petroleum has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Black Star Petroleum Company Filings, last reported 5 months ago.

ASX:BSP Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 -0.67 0.49 0.01
2018-03-31 -0.67 0.49 0.01
2017-12-31 -0.61 0.46 0.01
2017-09-30 -0.61 0.46 0.01
2017-06-30 -0.54 0.40 0.01
2017-03-31 -0.54 0.40 0.01
2016-12-31 -0.44 0.29 0.03
2016-09-30 -0.44 0.29 0.03
2016-06-30 -0.28 0.10 0.01
2016-03-31 -0.28 0.10 0.01
2015-12-31 4.49 0.00 0.07
2015-09-30 4.49 0.00 0.07
2015-06-30 7.33 0.00 0.14
2015-03-31 7.33 0.00 0.14
2014-12-31 17.05 0.00 0.36
2014-09-30 17.05 0.00 0.36
2014-06-30 15.34 0.67 0.74
2014-03-31 15.34 0.67 0.74
2013-12-31 16.04 0.00 0.26
2013-09-30 16.04 0.00 0.26
2013-06-30 16.36 0.00 0.40
2013-03-31 16.36 0.00 0.40
2012-12-31 2.75 0.00 1.11
2012-09-30 2.75 0.00 1.11
2012-06-30 3.04 0.00 2.55
  • Black Star Petroleum has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Black Star Petroleum's debt level has increased considering it has negative shareholder equity.
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.

  • Whilst loss making Black Star Petroleum has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Black Star Petroleum has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 99.1% per year.
X
Financial health checks
We assess Black Star Petroleum's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Black Star Petroleum has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Black Star Petroleum's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Black Star Petroleum dividends.
If you bought A$2,000 of Black Star Petroleum shares you are expected to receive A$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Black Star Petroleum's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Black Star Petroleum's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:BSP Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Australia Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 3.8%
Australia Market Average Dividend Yield Market Cap Weighted Average of 420 Stocks 4.7%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.8%
Australia Bottom 25% Dividend Yield 25th Percentile 2.7%
Australia Top 25% Dividend Yield 75th Percentile 6.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Black Star Petroleum has not reported any payouts.
  • Unable to verify if Black Star Petroleum's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Black Star Petroleum's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Black Star Petroleum has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Black Star Petroleum's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Black Star Petroleum afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Black Star Petroleum has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Black Star Petroleum's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • Black Star Petroleum has no CEO, or we have no data on them.
Management Team

Po-Tao Wei

TITLE
Executive Director

Ian Gregory

TITLE
Company Secretary
AGE
63
TENURE
2.6 yrs

Rick Wood

TITLE
Business Development Manager
AGE
76
Board of Directors Tenure

Average tenure of the Black Star Petroleum board of directors in years:

0.9
Average Tenure
  • The average tenure for the Black Star Petroleum board of directors is less than 3 years, this suggests a new board.
Board of Directors

Nicholas Ong

TITLE
Non-Executive Chairman
AGE
40
TENURE
0.4 yrs

Po-Tao Wei

TITLE
Executive Director
TENURE
0.3 yrs

Chin Tan

TITLE
Non-Executive Director
COMPENSATION
A$6K
TENURE
1.5 yrs

Donald Jones

TITLE
Non-Executive Independent Director
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
12. Sep 18 Buy Po-Tao Wei Individual 07. Sep 18 07. Sep 18 114,132,016 A$0.00 A$251,023
X
Management checks
We assess Black Star Petroleum's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Black Star Petroleum has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

External News
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Simply Wall St News

Who Are The Major Shareholders Of Black Star Petroleum Limited (ASX:BSP)?

In this article, I will take a quick look at Black Star Petroleum Limited’s (ASX:BSP) recent ownership structure – an unconventional investing subject, but an important one. … When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. … Check out our latest analysis for Black Star Petroleum

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Who Are The Largest Shareholders In Black Star Petroleum Limited (ASX:BSP)?

With this size of ownership, retail investors can collectively play a role in major company policies that affect shareholders returns, including executive remuneration and the appointment of directors. … Private Company Ownership Potential investors in BSP should also look at another important group of investors: private companies, with a stake of 10.95%, who are primarily invested because of strategic and capital gain interests. … As a result, potential investors should further explore the company's business relations with these companies and find out if they can affect shareholder returns in the long-term.Next Steps: With a low level of institutional ownership, investors in BSP need not worry about non-fundamental factors such as ownership structure causing large impact on stock prices.

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Interested In Black Star Petroleum Limited (ASX:BSP)? Here's How It Performed Recently

Measuring Black Star Petroleum Limited's (ASX:BSP) track record of past performance is a useful exercise for investors. … View our latest analysis for Black Star Petroleum Commentary On BSP's Past Performance I like to use data from the most recent 12 months, which annualizes the most recent half-year data, or in some cases, the latest annual report is already the most recent financial year data. … Each year, for the past five years Black Star Petroleum has seen an annual decline in revenue of -67.45%, on average.

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February Insights Into Oil & Gas Stocks: Black Star Petroleum Limited (ASX:BSP)

Below, I will examine the sector growth prospects, as well as evaluate whether Black Star Petroleum is lagging or leading its competitors in the industry. … See our latest analysis for Black Star Petroleum What’s the catalyst for Black Star Petroleum's sector growth? … Next Steps: Black Star Petroleum recently delivered an industry-beating growth rate in earnings, which is a positive for shareholders.

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Who Owns Black Star Petroleum Limited (ASX:BSP)?

With this size of ownership, retail investors can collectively play a role in major company policies that affect shareholders returns, including executive remuneration and the appointment of directors. … Private Company Ownership Potential investors in BSP should also look at another important group of investors: private companies, with a stake of 18.71%, who are primarily invested because of strategic and capital gain interests. … As a result, potential investors should further explore the company's business relations with these companies and find out if they can affect shareholder returns in the long-term.What this means for you: With a low level of institutional ownership, investors in BSP need not worry about non-fundamental factors such as ownership structure causing large impact on stock prices.

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Interested In Black Star Petroleum Limited (ASX:BSP)? Here's What Its Recent Performance Looks Like

Today I will take a look at Black Star Petroleum Limited's (ASX:BSP) most recent earnings update (30 June 2017) and compare these latest figures against its performance over the past few years, as well as how the rest of the oil and gas industry performed. … Check out our latest analysis for Black Star Petroleum How Did BSP's Recent Performance Stack Up Against Its Past? … For Black Star Petroleum, its most recent bottom-line is -A$0.3M, which, against the previous year's level, has become less negative.

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Is Black Star Petroleum Limited (ASX:BSP) An Energy Industry Laggard Or Leader?

This rate is below the growth rate of the Australian stock market as a whole. … Only now has the sector begun to emerge from its turmoil, and in the previous year, the industry saw growth of over 50%, beating the Australian market growth of 5.37%. … ASX:BSP PE PEG Gauge Nov 7th 17 The oil and gas industry is trading at a PE ratio of 11x, below the broader Australian stock market PE of 17x.

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When Will Black Star Petroleum Limited (ASX:BSP) Come Back To Market?

Additional cash raising may dilute the value of your shares, and since BSP is currently burning more cash than it is making, it’s likely the business will need funding for future growth. … Looking at BSP’s latest financial data, I will gauge when the company may run out of cash and need to raise more money. … The cash burn analysis result indicates a cash constraint for BSP, due to its current level of cash reserves.

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Company Info

Map
Description

Black Star Petroleum Limited engages in the exploration of oil permits in the United States. The company is based in Subiaco, Australia.

Details
Name: Black Star Petroleum Limited
BSP
Exchange: ASX
Founded:
A$1,295,031
647,515,850
Website: http://www.blackstarpetroleum.com.au
Address: Black Star Petroleum Limited
531 Hay Street,
Suite 5,
Subiaco,
Western Australia, 6008,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX BSP Ordinary Shares Australian Securities Exchange AU AUD 28. Feb 2013
CHIA BSP Ordinary Shares Chi-X Australia AU AUD 28. Feb 2013
Number of employees
Current staff
Staff numbers
0
Black Star Petroleum employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/12/18 10:35
End of day share price update: 2018/09/20 00:00
Last earnings filing: 2018/09/28
Last earnings reported: 2018/06/30
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.