ASX:CE1

Stock Analysis Report

Executive Summary

Calima Energy Limited engages in the exploration and production of oil and gas properties worldwide.

Snowflake

Fundamentals

Imperfect balance sheet and overvalued.


Similar Companies

Share Price & News

How has Calima Energy's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CE1's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

CE1

0.6%

AU Oil and Gas

0.9%

AU Market


1 Year Return

-82.0%

CE1

3.4%

AU Oil and Gas

16.3%

AU Market

Return vs Industry: CE1 underperformed the Australian Oil and Gas industry which returned 3.4% over the past year.

Return vs Market: CE1 underperformed the Australian Market which returned 16.3% over the past year.


Shareholder returns

CE1IndustryMarket
7 Day0%0.6%0.9%
30 Day-10.0%3.6%1.4%
90 Day-40.0%12.5%6.0%
1 Year-82.0%-82.0%7.7%3.4%23.0%16.3%
3 Year-66.7%-66.7%22.2%9.4%41.6%22.3%
5 Year-62.5%-62.5%-5.2%-18.8%57.7%22.5%

Price Volatility Vs. Market

How volatile is Calima Energy's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

0.24x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate CE1's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate CE1's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: CE1 is unprofitable, so we can't compare its PE Ratio to the Oil and Gas industry average.

PE vs Market: CE1 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 CE1's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CE1 is good value based on its PB Ratio (0.2x) compared to the AU Oil and Gas industry average (1.4x).


Next Steps

Future Growth

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

8.3%

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 Calima 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.


Next Steps

Past Performance

How has Calima Energy performed over the past 5 years?

54.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CE1 has a high level of non-cash earnings.

Growing Profit Margin: CE1's current net profit margins (-674.2%) are higher than last year (-5738%).


Past Earnings Growth Analysis

Earnings Trend: CE1 is unprofitable, but has reduced losses over the past 5 years at a rate of 54.3% per year.

Accelerating Growth: Unable to compare CE1's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CE1 is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (68.1%).


Return on Equity

High ROE: CE1 has a negative Return on Equity (-5.54%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Calima Energy's financial position?


Financial Position Analysis

Short Term Liabilities: CE1's short term assets (A$4.1M) do not cover its short term liabilities (A$9.7M)

Long Term Liabilities: CE1's short term assets (4.1M) exceeds its long term liabilities (1.2M)


Debt to Equity History and Analysis

Debt Level: CE1's debt to equity ratio (2%) is considered satisfactory

Reducing Debt: Insufficient data to determine if CE1's debt to equity ratio has reduced over the past 5 years.


Balance Sheet

Inventory Level: CE1 has a high level of physical assets or inventory.

Debt Coverage by Assets: CE1's debt is covered by short term assets (assets are 3.8x 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: CE1 has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: CE1 has less than a year of cash runway if free cash flow continues to reduce at historical rates of -89.6% each year


Next Steps

Dividend

What is Calima Energy's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.4%markettop25%5.6%industryaverage4.3%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate CE1's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate CE1'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 CE1's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CE1'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 CE1's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

What is the CEO of Calima Energy's salary, the management and board of directors tenure and is there insider trading?

2.3yrs

Average management tenure


CEO

Alan Stein (54yo)

2.3yrs

Tenure

AU$165,447

Compensation

Dr. Alan Stein, B.Sc., Ph.D., serves as Managing Director of Calima Energy Limited since August 25, 2017. Dr. Stein serves as a Partner at Havoc Partners LLP. Dr. Stein is a Co-founder of Hanno Resources L ...


CEO Compensation Analysis

Compensation vs Market: Alan's total compensation ($USD112.69K) is below average for companies of similar size in the Australian market ($USD255.13K).

Compensation vs Earnings: Alan's compensation has increased whilst the company is unprofitable.


Management Age and Tenure

2.3yrs

Average Tenure

53.5yo

Average Age

Experienced Management: CE1's management team is considered experienced (2.3 years average tenure).


Board Age and Tenure

2.3yrs

Average Tenure

53.5yo

Average Age

Experienced Board: CE1's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: CE1 insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyAU$882,60225 Oct 19
Robert Brown
EntityIndividual
Shares85,261,160
Max PriceAU$0.018
SellAU$1,450,49113 Sep 19
Tribeca Investment Partners Pty Ltd.
EntityCompany
Shares139,553,899
Max PriceAU$0.017
BuyAU$67,33309 Aug 19
Glenn Whiddon
EntityIndividual
Role
Chairman of the Board
Executive Chairman
Shares3,740,839
Max PriceAU$0.018
BuyAU$150,62808 Aug 19
Alan Stein
EntityIndividual
Role
Chief Executive Officer
MD & Director
Shares8,368,512
Max PriceAU$0.018
BuyAU$82,12908 Aug 19
Jonathan Taylor
EntityIndividual
Role
Member of the Board of Directors
Technical Director & Non-Executive Director
Shares4,562,855
Max PriceAU$0.018
BuyAU$4,41308 Aug 19
Neil Hackett
EntityIndividual
Role
Member of the Board of Directors
Company Secretary & Independent Non-Executive Director
Shares245,183
Max PriceAU$0.018
BuyAU$9,76009 Jul 19
Tribeca Investment Partners Pty Ltd.
EntityCompany
Shares200,000
Max PriceAU$0.049
BuyAU$674,99923 Jan 19
Jonathan Taylor
EntityIndividual
Role
Member of the Board of Directors
Technical Director & Non-Executive Director
Shares675,000
Max PriceAU$1.00

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 104.9%.


Management Team

  • Jon Taylor (53yo)

    Technical Director & Non-Executive Director

    • Tenure: 2.3yrs
    • Compensation: AU$182.09k
  • Alan Stein (54yo)

    MD & Director

    • Tenure: 2.3yrs
    • Compensation: AU$165.45k
  • Glenn Whiddon (55yo)

    Executive Chairman

    • Tenure: 4.2yrs
  • Neil Hackett (50yo)

    Company Secretary & Independent Non-Executive Director

    • Tenure: 7.7yrs
    • Compensation: AU$36.00k
  • Justin Norris

    Consultant

    • Tenure: 2.3yrs
  • Ron Nelmes

    Financial Controller

    • Tenure: 0yrs
  • Richard Higgins

    Consultant

    • Tenure: 2.3yrs
  • Mark Sofield

    Consultant

    • Tenure: 2.3yrs
  • James Bahen

    Company Secretary

    • Tenure: 0yrs
  • Mark Freeman

    Chief Financial Officer

    • Tenure: 0.8yrs

Board Members

  • Jon Taylor (53yo)

    Technical Director & Non-Executive Director

    • Tenure: 2.3yrs
    • Compensation: AU$182.09k
  • Alan Stein (54yo)

    MD & Director

    • Tenure: 2.3yrs
    • Compensation: AU$165.45k
  • Glenn Whiddon (55yo)

    Executive Chairman

    • Tenure: 4.2yrs
  • Neil Hackett (50yo)

    Company Secretary & Independent Non-Executive Director

    • Tenure: 7.7yrs
    • Compensation: AU$36.00k
  • Brett Lawrence

    Non-Executive Director

    • Tenure: 0.08yrs

Company Information

Calima Energy Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Calima Energy Limited
  • Ticker: CE1
  • Exchange: ASX
  • Founded:
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: AU$19.400m
  • Shares outstanding: 2.16b
  • Website: https://www.calimaenergy.com

Location

  • Calima Energy Limited
  • 1A/1 Alvan Street
  • Subiaco
  • Western Australia
  • 6008
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CE1ASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJul 2006
RLTO.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJul 2006
R1YDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJul 2006
CE1CHIA (Chi-X Australia)YesOrdinary SharesAUAUDJul 2006

Biography

Calima Energy Limited engages in the exploration and production of oil and gas properties worldwide. The company owns the right to acquire a working interest of up to 55% in the Montney Project that compri ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/17 10:33
End of Day Share Price2019/11/14 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.