Executive Summary
Byron Energy Limited engages in the development, exploration, and production of oil and gas properties. More Details
Rewards
Risk Analysis
Snowflake Analysis
Exceptional growth potential with adequate balance sheet.
Similar Companies
Share Price & News
How has Byron Energy's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BYE is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 13% a week.
Volatility Over Time: BYE's weekly volatility (13%) has been stable over the past year.
Market Performance
7 Day Return
-5.7%
BYE
2.5%
AU Oil and Gas
2.0%
AU Market
1 Year Return
-42.1%
BYE
-31.4%
AU Oil and Gas
-1.2%
AU Market
Return vs Industry: BYE underperformed the Australian Oil and Gas industry which returned -31.4% over the past year.
Return vs Market: BYE underperformed the Australian Market which returned -1.2% over the past year.
Shareholder returns
| BYE | Industry | Market | |
|---|---|---|---|
| 7 Day | -5.7% | 2.5% | 2.0% |
| 30 Day | -5.7% | 12.2% | 5.5% |
| 90 Day | -36.5% | 5.3% | 6.8% |
| 1 Year | -42.1%-42.1% | -28.7%-31.4% | 2.2%-1.2% |
| 3 Year | -10.5%-10.8% | -19.9%-28.1% | 22.4%7.1% |
| 5 Year | -12.8%-13.2% | -4.8%-18.4% | 53.9%23.2% |
Long-Term Price Volatility Vs. Market
How volatile is Byron Energy's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall St
Is Byron Energy (ASX:BYE) Using Too Much Debt?1 month ago | Simply Wall St
What Can The Trends At Byron Energy (ASX:BYE) Tell Us About Their Returns?2 months ago | Simply Wall St
Is Byron Energy's (ASX:BYE) Share Price Gain Of 263% Well Earned?Valuation
Is Byron 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: BYE (A$0.17) is trading below our estimate of fair value (A$0.46)
Significantly Below Fair Value: BYE is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BYE is poor value based on its PE Ratio (1387.4x) compared to the AU Oil and Gas industry average (12.9x).
PE vs Market: BYE is poor value based on its PE Ratio (1387.4x) compared to the Australian market (22.4x).
Price to Earnings Growth Ratio
PEG Ratio: BYE is poor value based on its PEG Ratio (9.3x)
Price to Book Ratio
PB vs Industry: BYE is overvalued based on its PB Ratio (1.7x) compared to the AU Oil and Gas industry average (1.5x).
Next Steps
Future Growth
How is Byron Energy forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
149.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BYE's forecast earnings growth (149% per year) is above the savings rate (2.3%).
Earnings vs Market: BYE's earnings (149% per year) are forecast to grow faster than the Australian market (17.9% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: BYE's revenue (79% per year) is forecast to grow faster than the Australian market (5.1% per year).
High Growth Revenue: BYE's revenue (79% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BYE's Return on Equity is forecast to be high in 3 years time (22%)
Next Steps
Past Performance
How has Byron Energy performed over the past 5 years?
48.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BYE has a high level of non-cash earnings.
Growing Profit Margin: BYE's current net profit margins (0.3%) are lower than last year (18.1%).
Past Earnings Growth Analysis
Earnings Trend: BYE has become profitable over the past 5 years, growing earnings by 48.8% per year.
Accelerating Growth: BYE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BYE had negative earnings growth (-98.8%) over the past year, making it difficult to compare to the Oil and Gas industry average (-44.9%).
Return on Equity
High ROE: BYE's Return on Equity (0.09%) is considered low.
Next Steps
Financial Health
How is Byron Energy's financial position?
Financial Position Analysis
Short Term Liabilities: BYE's short term assets ($21.8M) exceed its short term liabilities ($10.9M).
Long Term Liabilities: BYE's short term assets ($21.8M) exceed its long term liabilities ($20.2M).
Debt to Equity History and Analysis
Debt Level: BYE's debt to equity ratio (26.9%) is considered satisfactory.
Reducing Debt: BYE's debt to equity ratio has increased from 3.7% to 26.9% over the past 5 years.
Debt Coverage: BYE's debt is well covered by operating cash flow (68.6%).
Interest Coverage: BYE's interest payments on its debt are not well covered by EBIT (1x coverage).
Balance Sheet
Next Steps
Dividend
What is Byron Energy current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate BYE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate BYE'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 BYE's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if BYE'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 BYE'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?
7.7yrs
Average management tenure
CEO
Maynard Smith (69 yo)
7.67yrs
Tenure
US$635,279
Compensation
Mr. Maynard Venton Smith has been the Chief Executive Officer at Byron Energy Limited since March 18, 2013. Mr. Smith is a geophysicist with technical and managerial experience in the oil and gas industry ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 7.67yrs | US$635.28k | 3.91% $ 6.7m | |
| CFO & Company Secretary | 7.67yrs | US$330.60k | 0.29% $ 501.8k | |
| COO & Executive Director | 7.67yrs | US$643.70k | 0.42% $ 727.4k | |
| Executive Director | 6.08yrs | US$644.96k | 0.66% $ 1.1m |
7.7yrs
Average Tenure
65yo
Average Age
Experienced Management: BYE's management team is seasoned and experienced (7.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 7.67yrs | US$635.28k | 3.91% $ 6.7m | |
| COO & Executive Director | 7.67yrs | US$643.70k | 0.42% $ 727.4k | |
| Executive Director | 6.08yrs | US$644.96k | 0.66% $ 1.1m | |
| Non-Executive Director | 7.67yrs | US$29.41k | 1.09% $ 1.9m | |
| Non-Executive Chairman | 7.67yrs | US$53.71k | 1.24% $ 2.1m | |
| Non-Executive Director | 7.67yrs | US$26.86k | 1.96% $ 3.4m |
7.7yrs
Average Tenure
64.5yo
Average Age
Experienced Board: BYE's board of directors are considered experienced (7.7 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 been diluted in the past year, with total shares outstanding growing by 47.5%.
Top Shareholders
Company Information
Byron Energy Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Byron Energy Limited
- Ticker: BYE
- Exchange: ASX
- Founded: 2005
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Market Cap: AU$171.649m
- Shares outstanding: 1.04b
- Website: https://www.byronenergy.com.au
Location
- Byron Energy Limited
- 480 Collins Street
- Level 4
- Melbourne
- Victoria
- 3000
- Australia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BYE | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | May 2013 |
| BYRO.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | May 2013 |
| BYE | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | May 2013 |
Biography
Byron Energy Limited engages in the development, exploration, and production of oil and gas properties. It holds working interests in various blocks located in the shallow waters of the Gulf of Mexico, the...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/23 10:31 |
| End of Day Share Price | 2020/11/23 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.