ASX:BYE

Stock Analysis Report

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Executive Summary

Byron Energy Limited engages in the development, exploration, and production of oil and gas properties. More Details


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

BYEIndustryMarket
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

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

NamePositionTenureCompensationOwnership
Maynard Smith
CEO & Executive Director7.67yrsUS$635.28k3.91%
$ 6.7m
Nick Filipovic
CFO & Company Secretary7.67yrsUS$330.60k0.29%
$ 501.8k
Prent Kallenberger
COO & Executive Director7.67yrsUS$643.70k0.42%
$ 727.4k
William Sack
Executive Director6.08yrsUS$644.96k0.66%
$ 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

NamePositionTenureCompensationOwnership
Maynard Smith
CEO & Executive Director7.67yrsUS$635.28k3.91%
$ 6.7m
Prent Kallenberger
COO & Executive Director7.67yrsUS$643.70k0.42%
$ 727.4k
William Sack
Executive Director6.08yrsUS$644.96k0.66%
$ 1.1m
Paul Young
Non-Executive Director7.67yrsUS$29.41k1.09%
$ 1.9m
Douglas Battersby
Non-Executive Chairman7.67yrsUS$53.71k1.24%
$ 2.1m
Charles Sands
Non-Executive Director7.67yrsUS$26.86k1.96%
$ 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BYEASX (Australian Securities Exchange)YesOrdinary SharesAUAUDMay 2013
BYRO.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDMay 2013
BYECHIA (Chi-X Australia)YesOrdinary SharesAUAUDMay 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/23 10:31
End of Day Share Price2020/11/23 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


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.