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BYE

Byron EnergyASX:BYE Stock Report

Market Cap

AU$124.8m

7D

-17.2%

1Y

-27.3%

Updated

28 Nov, 2021

Data

Company Financials
BYE fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance4/6
Financial Health2/6
Dividends0/6

BYE Stock Overview

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

Byron Energy Competitors

Karoon Energy

ASX:KAR

AU$942.5m

Senex Energy

ASX:SXY

AU$815.0m

Carnarvon Energy

ASX:CVN

AU$469.6m

Cooper Energy

ASX:COE

AU$399.6m

Price History & Performance

Summary of all time highs, changes and price drops for Byron Energy
Historical stock prices
Current Share PriceAU$0.12
52 Week HighAU$0.20
52 Week LowAU$0.097
Beta1.85
1 Month Change-14.29%
3 Month Change0%
1 Year Change-27.27%
3 Year Change-45.46%
5 Year Change0%
Change since IPO-76.00%

Recent News & Updates

Nov 25
Is Byron Energy (ASX:BYE) Using Too Much Debt?

Is Byron Energy (ASX:BYE) Using Too Much Debt?

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

Jun 05
Returns On Capital Are Showing Encouraging Signs At Byron Energy (ASX:BYE)

Returns On Capital Are Showing Encouraging Signs At Byron Energy (ASX:BYE)

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...

Shareholder Returns

BYEAU Oil and GasAU Market
7D-17.2%-3.4%-1.6%
1Y-27.3%8.9%11.8%

Return vs Industry: BYE underperformed the Australian Oil and Gas industry which returned 8.9% over the past year.

Return vs Market: BYE underperformed the Australian Market which returned 11.8% over the past year.

Price Volatility

Is BYE's price volatile compared to industry and market?
BYE volatility
BYE Average Weekly Movement9.6%
Oil and Gas Industry Average Movement12.3%
Market Average Movement8.3%
10% most volatile stocks in AU Market15.8%
10% least volatile stocks in AU Market3.7%

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

FoundedEmployeesCEOWebsite
2005n/aMaynard Smithhttps://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 CapUS$88.86m
Earnings (TTM)US$5.85m
Revenue (TTM)US$35.84m

15.2x

P/E Ratio

2.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BYE income statement (TTM)
RevenueUS$35.84m
Cost of RevenueUS$20.79m
Gross ProfitUS$15.04m
ExpensesUS$9.19m
EarningsUS$5.85m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.0056
Gross Margin41.98%
Net Profit Margin16.34%
Debt/Equity Ratio27.0%

How did BYE perform over the long term?

See historical performance and comparison

Valuation

Is Byron Energy undervalued compared to its fair value and its price relative to the market?

15.2x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate BYE's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate BYE's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: BYE is good value based on its PE Ratio (15.2x) compared to the Australian Oil and Gas industry average (27.4x).

PE vs Market: BYE is good value based on its PE Ratio (15.2x) compared to the Australian market (18.7x).


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 good value based on its PB Ratio (1.1x) compared to the AU Oil and Gas industry average (2.3x).


Future Growth

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

12.7%

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?

68.6%

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 (16.3%) are higher than last year (0.3%).


Past Earnings Growth Analysis

Earnings Trend: BYE has become profitable over the past 5 years, growing earnings by 68.6% per year.

Accelerating Growth: BYE's earnings growth over the past year (8465.5%) exceeds its 5-year average (68.6% per year).

Earnings vs Industry: BYE earnings growth over the past year (8465.5%) exceeded the Oil and Gas industry -50.5%.


Return on Equity

High ROE: BYE's Return on Equity (7.2%) is considered low.


Financial Health

How is Byron Energy's financial position?


Financial Position Analysis

Short Term Liabilities: BYE's short term assets ($10.6M) do not cover its short term liabilities ($19.5M).

Long Term Liabilities: BYE's short term assets ($10.6M) do not cover its long term liabilities ($14.1M).


Debt to Equity History and Analysis

Debt Level: BYE's net debt to equity ratio (21.9%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if BYE's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: BYE's debt is well covered by operating cash flow (97.3%).

Interest Coverage: BYE's interest payments on its debt are not well covered by EBIT (2.8x coverage).


Balance Sheet


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?

8.7yrs

Average management tenure


CEO

Maynard Smith (70 yo)

8.67yrs

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 (8.7 years average tenure).


Board Members

Experienced Board: BYE's board of directors are considered experienced (8.7 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Byron Energy Limited's 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$124.835m
  • Shares outstanding: 1.04b
  • Website: https://www.byronenergy.com.au

Location

  • Byron Energy Limited
  • 480 Collins Street
  • Level 4
  • Melbourne
  • Victoria
  • 3000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/28 07:03
End of Day Share Price2021/11/26 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.