ASX:BYE

Stock Analysis Report

Executive Summary

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


Snowflake Analysis

Exceptional growth potential with solid track record.


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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-15.9%

BYE

-5.5%

AU Oil and Gas

-3.6%

AU Market


1 Year Return

-10.8%

BYE

-14.1%

AU Oil and Gas

10.9%

AU Market

Return vs Industry: BYE exceeded the Australian Oil and Gas industry which returned -14.1% over the past year.

Return vs Market: BYE underperformed the Australian Market which returned 10.9% over the past year.


Shareholder returns

BYEIndustryMarket
7 Day-15.9%-5.5%-3.6%
30 Day1.8%-13.5%-3.7%
90 Day-3.3%-12.2%-0.2%
1 Year-10.4%-10.8%-10.8%-14.1%15.6%10.9%
3 Year153.1%152.2%9.0%-2.8%34.1%16.0%
5 Year-21.3%-21.6%-0.8%-17.5%44.9%12.6%

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$0.29) is trading below our estimate of fair value (A$3.27)

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 (23.1x) compared to the Oil and Gas industry average (10.3x).

PE vs Market: BYE is poor value based on its PE Ratio (23.1x) compared to the Australian market (18.2x).


Price to Earnings Growth Ratio

PEG Ratio: BYE is good value based on its PEG Ratio (0.3x)


Price to Book Ratio

PB vs Industry: BYE is overvalued based on its PB Ratio (3.6x) compared to the AU Oil and Gas industry average (1.1x).


Next Steps

Future Growth

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

79.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BYE's forecast earnings growth (79% per year) is above the savings rate (1.1%).

Earnings vs Market: BYE's earnings (79% per year) are forecast to grow faster than the Australian market (9.5% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: BYE's revenue (64.2% per year) is forecast to grow faster than the Australian market (4.1% per year).

High Growth Revenue: BYE's revenue (64.2% 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 very high in 3 years time (48.9%).


Next Steps

Past Performance

How has Byron Energy performed over the past 5 years?

29.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BYE has high quality earnings.

Growing Profit Margin: BYE's current net profit margins (18.3%) are higher than last year (13.6%).


Past Earnings Growth Analysis

Earnings Trend: BYE has become profitable over the past 5 years, growing earnings by 29.2% per year.

Accelerating Growth: BYE's earnings growth over the past year (340.3%) exceeds its 5-year average (29.2% per year).

Earnings vs Industry: BYE earnings growth over the past year (340.3%) exceeded the Oil and Gas industry -0.7%.


Return on Equity

High ROE: BYE's Return on Equity (15.6%) 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 ($17.9M) exceed its short term liabilities ($14.8M).

Long Term Liabilities: BYE's short term assets ($17.9M) exceed its long term liabilities ($2.0M).


Debt to Equity History and Analysis

Debt Level: BYE's debt to equity ratio (15.7%) is considered satisfactory.

Reducing Debt: BYE's debt to equity ratio has increased from 4.3% to 15.7% 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 3.1x 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: BYE is profitable, therefore cash runway is not a concern.

Forecast Cash Runway: BYE is profitable, therefore cash runway is not a concern.


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?

6.9yrs

Average management tenure


CEO

Maynard Smith (68yo)

6.9yrs

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

NamePositionTenureCompensationOwnership
Maynard Smith
CEO & Executive Director6.9yrsUS$877.17k4.51% $10.6m
Nick Filipovic
CFO & Company Secretary6.9yrsUS$473.88k0.078% $184.1k
Prent Kallenberger
COO & Executive Director6.9yrsUS$778.48k0.52% $1.2m
William Sack
Executive Director5.3yrsUS$780.92k0.78% $1.8m

6.9yrs

Average Tenure

64yo

Average Age

Experienced Management: BYE's management team is seasoned and experienced (6.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Maynard Smith
CEO & Executive Director6.9yrsUS$877.17k4.51% $10.6m
Prent Kallenberger
COO & Executive Director6.9yrsUS$778.48k0.52% $1.2m
William Sack
Executive Director5.3yrsUS$780.92k0.78% $1.8m
Paul Young
Non-Executive Director6.9yrsUS$31.34k2.76% $6.5m
Douglas Battersby
Non-Executive Chairman6.9yrsUS$57.25k1.65% $3.9m
Charles Sands
Non-Executive Director6.9yrsUS$28.62k2.69% $6.3m

6.9yrs

Average Tenure

63.5yo

Average Age

Experienced Board: BYE's board of directors are considered experienced (6.9 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 18%.


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$235.164m
  • Shares outstanding: 810.91m
  • Website: https://www.byronenergy.com.au

Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BYENAASX (Australian Securities Exchange)NPV DFD 18/12/19(EX-RIGHTS)AUAUDNo data
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 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/26 10:40
End of Day Share Price2020/02/26 00:00
Earnings2019/06/30
Annual Earnings2019/06/30


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.