Byron Energy (ASX:BYE) - Share price, News & Analysis

BYE fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	5/6
Financial Health	3/6
Dividends	0/6

BYE Stock Overview

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

Rewards

Price-To-Earnings ratio (11.6x) is below the Australian market (15.8x)

Earnings grew by 3956% over the past year

Risk Analysis

Shareholders have been diluted in the past year

Byron Energy Competitors

Central Petroleum

ASX:CTP

AU$90.7m

Horizon Oil

ASX:HZN

AU$244.7m

Otto Energy

ASX:OEL

AU$67.1m

Cue Energy Resources

ASX:CUE

AU$53.1m

Price History & Performance

Summary of all time highs, changes and price drops for Byron Energy
Historical stock prices
Current Share Price	AU$0.18
52 Week High	AU$0.19
52 Week Low	AU$0.097
Beta	1.68
1 Month Change	8.82%
3 Month Change	27.59%
1 Year Change	76.19%
3 Year Change	-38.33%
5 Year Change	85.00%
Change since IPO	-63.00%

Recent News & Updates

Apr 19

Byron Energy (ASX:BYE) Has A Pretty Healthy Balance Sheet

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Shareholder Returns

	BYE	AU Oil and Gas	AU Market
7D	10.4%	-0.05%	-0.4%
1Y	76.2%	33.9%	-1.1%

Return vs Industry: BYE exceeded the Australian Oil and Gas industry which returned 33.9% over the past year.

Return vs Market: BYE exceeded the Australian Market which returned -1.1% over the past year.

Price Volatility

Is BYE's price volatile compared to industry and market?
BYE volatility
BYE Average Weekly Movement	9.9%
Oil and Gas Industry Average Movement	12.5%
Market Average Movement	9.3%
10% most volatile stocks in AU Market	16.4%
10% least volatile stocks in AU Market	4.2%

Stable Share Price: BYE is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: BYE's weekly volatility (10%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2005	n/a	Maynard Smith	https://www.byronenergy.com.au

Byron Energy Limited engages in the exploration, development, and production of oil and gas properties. The company holds working interests in various blocks located in the shallow waters of the Gulf of Mexico, the United States. Byron Energy Limited was incorporated in 2005 and is headquartered in Melbourne, Australia.

Byron Energy Fundamentals Summary

How do Byron Energy's earnings and revenue compare to its market cap?
BYE fundamental statistics
Market Cap	US$141.54m
Earnings (TTM)	US$12.16m
Revenue (TTM)	US$43.69m

11.6x

P/E Ratio

3.2x

P/S Ratio

Is BYE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
BYE income statement (TTM)
Revenue	US$43.69m
Cost of Revenue	US$20.41m
Gross Profit	US$23.28m
Other Expenses	US$11.12m
Earnings	US$12.16m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	0.011
Gross Margin	53.29%
Net Profit Margin	27.83%
Debt/Equity Ratio	20.2%

How did BYE perform over the long term?

See historical performance and comparison

New valuation analysis is now available for all ASX stocks. This is in beta.

Future Growth

How is Byron Energy forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

16.5%

Forecasted Energy industry annual growth in earnings

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 Byron Energy 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 SimplyWall St do have past financial data.

Past Performance

How has Byron Energy performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

62.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BYE has high quality earnings.

Growing Profit Margin: BYE's current net profit margins (27.8%) are higher than last year (1.3%).

Past Earnings Growth Analysis

Earnings Trend: BYE has become profitable over the past 5 years, growing earnings by 62.9% per year.

Accelerating Growth: BYE's earnings growth over the past year (3956%) exceeds its 5-year average (62.9% per year).

Earnings vs Industry: BYE earnings growth over the past year (3956%) exceeded the Oil and Gas industry 299.7%.

Return on Equity

High ROE: BYE's Return on Equity (13.5%) is considered low.

Financial Health

How is Byron Energy's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: BYE's short term assets ($8.2M) do not cover its short term liabilities ($22.5M).

Long Term Liabilities: BYE's short term assets ($8.2M) do not cover its long term liabilities ($12.9M).

Debt to Equity History and Analysis

Debt Level: BYE's net debt to equity ratio (18.4%) is considered satisfactory.

Reducing Debt: BYE's debt to equity ratio has increased from 0.9% to 20.2% over the past 5 years.

Debt Coverage: BYE's debt is well covered by operating cash flow (175.5%).

Interest Coverage: BYE's interest payments on its debt are well covered by EBIT (5.2x coverage).

Balance Sheet

Dividend

What is Byron Energy current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

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.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as BYE has not reported any payouts.

Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

9.2yrs

Average management tenure

CEO

Maynard Smith (70 yo)

9.17yrs

Tenure

US$451,814

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

Experienced Management: BYE's management team is seasoned and experienced (9.2 years average tenure).

Board Members

Experienced Board: BYE's board of directors are considered experienced (9.2 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 4%.

Data	Last Updated (UTC time)
Company Analysis	2022/05/26 00:00
End of Day Share Price	2022/05/26 00:00
Earnings	2021/12/31
Annual Earnings	2021/06/30