Executive Summary
Byron Energy Limited engages in the development, exploration, and production of oil and gas properties.
Rewards
Risk Analysis
Snowflake Analysis
Exceptional growth potential with mediocre 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's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-25.0%
BYE
4.4%
AU Oil and Gas
0.1%
AU Market
1 Year Return
-60.7%
BYE
-48.2%
AU Oil and Gas
-22.8%
AU Market
Return vs Industry: BYE underperformed the Australian Oil and Gas industry which returned -48.2% over the past year.
Return vs Market: BYE underperformed the Australian Market which returned -22.8% over the past year.
Shareholder returns
| BYE | Industry | Market | |
|---|---|---|---|
| 7 Day | -25.0% | 4.4% | 0.1% |
| 30 Day | -55.6% | -40.3% | -28.8% |
| 90 Day | -59.7% | -49.4% | -30.1% |
| 1 Year | -60.5%-60.7% | -46.2%-48.2% | -19.4%-22.8% |
| 3 Year | 9.5%9.1% | -40.3%-47.6% | -9.5%-21.7% |
| 5 Year | -68.3%-68.4% | -40.0%-50.7% | 2.1%-20.8% |
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
3 weeks ago | Simply Wall St
Do Insiders Own Shares In Byron Energy Limited (ASX:BYE)?1 month ago | Simply Wall St
What Did Byron Energy Limited's (ASX:BYE) CEO Take Home Last Year?1 month ago | Simply Wall St
What Does Byron Energy Limited’s (ASX:BYE) 15% ROCE Say About The Business?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$0.12) is trading below our estimate of fair value (A$3.15)
Significantly Below Fair Value: BYE is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BYE is unprofitable, so we can't compare its PE Ratio to the Oil and Gas industry average.
PE vs Market: BYE is unprofitable, so we can't compare its PE Ratio to the Australian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate BYE's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: BYE 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 Byron Energy forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
122.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BYE is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.1%).
Earnings vs Market: BYE is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: BYE's is expected to become profitable in the next 3 years.
Revenue vs Market: BYE's revenue (85.4% per year) is forecast to grow faster than the Australian market (4.2% per year).
High Growth Revenue: BYE's revenue (85.4% 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 (31.1%)
Next Steps
Past Performance
How has Byron Energy performed over the past 5 years?
38.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BYE is currently unprofitable.
Growing Profit Margin: BYE is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: BYE is unprofitable, but has reduced losses over the past 5 years at a rate of 38.3% per year.
Accelerating Growth: Unable to compare BYE's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: BYE is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-16%).
Return on Equity
High ROE: BYE has a negative Return on Equity (-2.43%), as it is currently unprofitable.
Next Steps
Financial Health
How is Byron Energy's financial position?
Financial Position Analysis
Short Term Liabilities: BYE's short term assets ($24.5M) exceed its short term liabilities ($7.3M).
Long Term Liabilities: BYE's short term assets ($24.5M) exceed its long term liabilities ($17.4M).
Debt to Equity History and Analysis
Debt Level: BYE's debt to equity ratio (25.4%) is considered satisfactory.
Reducing Debt: BYE's debt to equity ratio has increased from 4.5% to 25.4% over the past 5 years.
Balance Sheet
Inventory Level: BYE has a high level of physical assets or inventory.
Debt Coverage by Assets: BYE's debt is covered by short term assets (assets are 1.7x debt).
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.
Stable Cash Runway: Insufficient data to determine if BYE has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if BYE has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
Next Steps
Dividend
What is Byron Energy's 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 payouts.
High Dividend: Unable to evaluate BYE's dividend yield against the top 25% of dividend payers, as the company has not reported any 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?
7.0yrs
Average management tenure
CEO
Maynard Smith (68yo)
7s
Tenure
US$877,173
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 over thirty years’ technical and managerial experience in the oi ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 7yrs | US$877.17k | 4.51% $4.4m | |
| CFO & Company Secretary | 7yrs | US$473.88k | 0.078% $76.2k | |
| COO & Executive Director | 7yrs | US$778.48k | 0.52% $507.9k | |
| Executive Director | 5.42yrs | US$780.92k | 0.78% $756.0k |
7.0yrs
Average Tenure
64yo
Average Age
Experienced Management: BYE's management team is seasoned and experienced (7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 7yrs | US$877.17k | 4.51% $4.4m | |
| COO & Executive Director | 7yrs | US$778.48k | 0.52% $507.9k | |
| Executive Director | 5.42yrs | US$780.92k | 0.78% $756.0k | |
| Non-Executive Director | 7yrs | US$31.34k | 2.76% $2.7m | |
| Non-Executive Chairman | 7yrs | US$57.25k | 1.65% $1.6m | |
| Non-Executive Director | 7yrs | US$28.62k | 2.69% $2.6m |
7.0yrs
Average Tenure
63.5yo
Average Age
Experienced Board: BYE's board of directors are considered experienced (7 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: BYE 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 3%.
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$97.309m
- Shares outstanding: 810.91m
- 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 |
|---|---|---|---|---|---|---|
| BYENA | ASX (Australian Securities Exchange) | NPV DFD 18/12/19(EX-RIGHTS) | AU | AUD | No data | |
| 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 and Coastal Marshlands of Louisiana, the United States. The company was founded in 2005 and is headquartered in Melbourne, Australia.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/03/28 10:41 |
| End of Day Share Price | 2020/03/27 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.