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Central Petroleum

ASX:CTP
Snowflake Description

Exceptional growth potential and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CTP
ASX
A$107M
Market Cap
  1. Home
  2. AU
  3. Energy
Company description

Central Petroleum Limited engages in the development, production, processing, and marketing of hydrocarbons in Australia. The last earnings update was 58 days ago. More info.


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CTP Share Price and Events
7 Day Returns
0%
ASX:CTP
1.4%
AU Oil and Gas
0.7%
AU Market
1 Year Returns
0%
ASX:CTP
3.8%
AU Oil and Gas
4.7%
AU Market
CTP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Central Petroleum (CTP) 0% 15.4% -9.1% 0% 61.3% -71.4%
AU Oil and Gas 1.4% -1.6% 5.5% 3.8% 28.7% -32.5%
AU Market 0.7% 1.1% 6.5% 4.7% 17.5% 4.9%
1 Year Return vs Industry and Market
  • CTP underperformed the Oil and Gas industry which returned 3.8% over the past year.
  • CTP underperformed the Market in Australia which returned 4.7% over the past year.
Price Volatility
CTP
Industry
5yr Volatility vs Market

CTP Value

 Is Central Petroleum undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Central Petroleum to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Central Petroleum.

ASX:CTP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.2%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:CTP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.953 (1 + (1- 30%) (80.67%))
1.329
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.33
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (1.329 * 5.96%)
10.23%

Discounted Cash Flow Calculation for ASX:CTP using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Central Petroleum is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ASX:CTP DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 10.23%)
2019 -9.00 Analyst x1 -8.16
2020 19.30 Analyst x1 15.88
2021 29.20 Analyst x1 21.80
2022 37.75 Est @ 29.29% 25.57
2023 45.75 Est @ 21.2% 28.11
2024 52.86 Est @ 15.53% 29.46
2025 58.97 Est @ 11.57% 29.81
2026 64.16 Est @ 8.79% 29.42
2027 68.55 Est @ 6.85% 28.52
2028 72.31 Est @ 5.49% 27.29
Present value of next 10 years cash flows A$227.70
ASX:CTP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= A$72.31 × (1 + 2.31%) ÷ (10.23% – 2.31%)
A$933.79
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$933.79 ÷ (1 + 10.23%)10
A$352.42
ASX:CTP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$227.70 + A$352.42
A$580.12
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$580.12 / 712.93
A$0.81
ASX:CTP Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$0.81
Current discount Discount to share price of A$0.15
= -1 x (A$0.15 - A$0.81) / A$0.81
81.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Central Petroleum is available for.
Intrinsic value
>50%
Share price is A$0.15 vs Future cash flow value of A$0.81371
Current Discount Checks
For Central Petroleum to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Central Petroleum's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Central Petroleum's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Central Petroleum's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Central Petroleum's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:CTP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$-0.04
ASX:CTP Share Price ** ASX (2019-04-18) in AUD A$0.15
Australia Oil and Gas Industry PE Ratio Median Figure of 23 Publicly-Listed Oil and Gas Companies 7.92x
Australia Market PE Ratio Median Figure of 545 Publicly-Listed Companies 16.18x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Central Petroleum.

ASX:CTP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:CTP Share Price ÷ EPS (both in AUD)

= 0.15 ÷ -0.04

-3.63x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Central Petroleum is loss making, we can't compare its value to the AU Oil and Gas industry average.
  • Central Petroleum is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does Central Petroleum's expected growth come at a high price?
Raw Data
ASX:CTP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -3.63x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
105.1%per year
Australia Oil and Gas Industry PEG Ratio Median Figure of 17 Publicly-Listed Oil and Gas Companies 0.24x
Australia Market PEG Ratio Median Figure of 361 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Central Petroleum, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Central Petroleum's assets?
Raw Data
ASX:CTP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$-0.02
ASX:CTP Share Price * ASX (2019-04-18) in AUD A$0.15
Australia Oil and Gas Industry PB Ratio Median Figure of 144 Publicly-Listed Oil and Gas Companies 1.31x
Australia Market PB Ratio Median Figure of 1,676 Publicly-Listed Companies 1.68x
ASX:CTP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:CTP Share Price ÷ Book Value per Share (both in AUD)

= 0.15 ÷ -0.02

-9.52x

* Primary Listing of Central Petroleum.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Central Petroleum has negative assets, we can't compare the value of its assets to the AU Oil and Gas industry average.
X
Value checks
We assess Central Petroleum's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Central Petroleum has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

CTP Future Performance

 How is Central Petroleum expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
105.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Central Petroleum expected to grow at an attractive rate?
  • Central Petroleum's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Central Petroleum's earnings growth is expected to exceed the Australia market average.
  • Central Petroleum's revenue growth is expected to exceed the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:CTP Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:CTP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 105.1%
ASX:CTP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 38.7%
Australia Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 4.2%
Australia Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.7%
Australia Market Earnings Growth Rate Market Cap Weighted Average 6.6%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:CTP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:CTP Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-06-30 113 37 31 1
2020-06-30 113 32 24 1
2019-06-30 63 8 -8 1
ASX:CTP Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 37 -10 -29
2018-09-30 36 -2 -22
2018-06-30 35 5 -14
2018-03-31 32 4 -18
2017-12-31 30 3 -22
2017-09-30 27 1 -24
2017-06-30 25 0 -25
2017-03-31 25 -1 -22
2016-12-31 24 -1 -19
2016-09-30 24 -1 -20
2016-06-30 24 -1 -21
2016-03-31 20 -4 -19

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Central Petroleum's earnings are expected to grow significantly at over 20% yearly.
  • Central Petroleum's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:CTP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Central Petroleum Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:CTP Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-06-30 0.04 0.04 0.04 1.00
2020-06-30 0.03 0.03 0.03 1.00
2019-06-30 -0.01 -0.01 -0.01 1.00
ASX:CTP Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 -0.04
2018-09-30 -0.03
2018-06-30 -0.02
2018-03-31 -0.03
2017-12-31 -0.04
2017-09-30 -0.05
2017-06-30 -0.06
2017-03-31 -0.05
2016-12-31 -0.04
2016-09-30 -0.05
2016-06-30 -0.05
2016-03-31 -0.05

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Central Petroleum is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess Central Petroleum's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Central Petroleum has a total score of 6/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

CTP Past Performance

  How has Central Petroleum performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Central Petroleum's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Central Petroleum does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Central Petroleum's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Central Petroleum's 1-year growth to the AU Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Central Petroleum's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Central Petroleum Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:CTP Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 37.29 -29.23 27.23
2018-09-30 36.11 -21.66 21.15
2018-06-30 34.94 -14.08 15.07
2018-03-31 32.38 -18.29 13.74
2017-12-31 29.83 -22.50 12.40
2017-09-30 27.31 -23.61 12.08
2017-06-30 24.79 -24.73 11.76
2017-03-31 24.50 -21.93 10.90
2016-12-31 24.21 -19.14 10.05
2016-09-30 24.04 -20.09 10.65
2016-06-30 23.86 -21.04 11.25
2016-03-31 20.07 -19.22 11.57
2015-12-31 16.27 -17.39 11.90
2015-09-30 13.29 -22.56 14.38
2015-06-30 10.31 -27.73 16.86
2015-03-31 10.18 -25.27 16.29
2014-12-31 10.05 -22.80 15.72
2014-09-30 6.88 -16.83 14.42
2014-06-30 3.72 -10.86 13.12
2014-03-31 1.86 -8.86 14.28
2013-12-31 -6.85 15.45
2013-09-30 -8.07 16.77
2013-06-30 -9.28 18.09
2013-03-31 -15.78 21.39
2012-12-31 -22.28 24.70
2012-09-30 -24.32 26.13
2012-06-30 -26.36 27.57

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Central Petroleum has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if Central Petroleum has efficiently used its assets last year compared to the AU Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Central Petroleum improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Central Petroleum's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Central Petroleum has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

CTP Health

 How is Central Petroleum's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Central Petroleum's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Central Petroleum's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Central Petroleum's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Central Petroleum's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Central Petroleum has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Central Petroleum Company Filings, last reported 3 months ago.

ASX:CTP Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 -11.19 86.26 10.94
2018-09-30 -11.19 86.26 10.94
2018-06-30 7.06 78.33 27.22
2018-03-31 7.06 78.33 27.22
2017-12-31 16.65 80.17 28.59
2017-09-30 16.65 80.17 28.59
2017-06-30 -5.96 82.17 5.48
2017-03-31 -5.96 82.17 5.48
2016-12-31 11.51 84.08 5.94
2016-09-30 11.51 84.08 5.94
2016-06-30 16.52 85.70 15.12
2016-03-31 16.52 85.70 15.12
2015-12-31 28.53 87.56 16.26
2015-09-30 28.53 87.56 16.26
2015-06-30 23.15 47.46 3.52
2015-03-31 23.15 47.46 3.52
2014-12-31 31.55 38.08 5.47
2014-09-30 31.55 38.08 5.47
2014-06-30 43.07 24.02 10.33
2014-03-31 43.07 24.02 10.33
2013-12-31 29.70 0.00 12.46
2013-09-30 29.70 0.00 12.46
2013-06-30 24.65 0.00 1.31
2013-03-31 24.65 0.00 1.31
2012-12-31 16.67 0.00 2.15
2012-09-30 16.67 0.00 2.15
2012-06-30 24.20 0.00 12.11
  • Central Petroleum has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Central Petroleum's debt level has increased considering it has negative shareholder equity.
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.

  • Central Petroleum has less than a year of cash runway based on current free cash flow.
  • Central Petroleum has less than a year of cash runway if free cash flow continues to reduce at historical rates of -26.6% each year.
X
Financial health checks
We assess Central Petroleum's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Central Petroleum has a total score of 0/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

CTP Dividends

 What is Central Petroleum's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Central Petroleum dividends. Estimated to be 0% next year.
If you bought A$2,000 of Central Petroleum shares you are expected to receive A$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Central Petroleum's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Central Petroleum's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:CTP Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Australia Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 4.6%
Australia Market Average Dividend Yield Market Cap Weighted Average of 417 Stocks 4.3%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.6%
Australia Bottom 25% Dividend Yield 25th Percentile 2.5%
Australia Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:CTP Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2021-06-30 0.00 1.00
2020-06-30 0.00 1.00
2019-06-30 0.00 1.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Central Petroleum has not reported any payouts.
  • Unable to verify if Central Petroleum's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Central Petroleum's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Central Petroleum has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Central Petroleum's dividends in 3 years as they are not expected to pay a notable one for Australia.
X
Income/ dividend checks
We assess Central Petroleum's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Central Petroleum afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Central Petroleum has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

CTP Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Leon Devaney
COMPENSATION A$677,280
AGE 49
TENURE AS CEO 0.8 years
CEO Bio

Mr. Leon Goss Devaney, BSc. MBA, is Chief Executive Officer and Managing Director at Central Petroleum Limited since February 21, 2019 and was its Acting Chief Executive Officer from 31 July 2018 to February 21, 2019. Mr. Devaney is the Director of Central Petroleum Limited since November 14, 2018 and has been its Chief Financial Officer since November 2014. Mr. Devaney served as Chief Commercial Officer of Central Petroleum Ltd. since November 6, 2012. He joined Central Petroleum in November 2012. He has over 12 years of commercial and corporate finance experience within the Australian energy and resources sector. Prior to Central Petroleum Limited, he served as General Manager of Commercial and Financing at Queensland Gas Co. Ltd since March 6, 2007 and served as its Manager of Finance & Commercial Structuring and General Manager of Gas & Power. He joined QGC in 2004 He has 12 years of project finance and commercial structuring experience in both the US and Australia and 5 years of direct finance experience in the Australian CSG sector. Mr. Devaney was responsible for structuring and implementing QGC's commercial and debt-financing activities, including major gas and water supply agreements, the Condamine Power Station project, the LNG project's financing and the proposed power station project in NSW. He has previously been active in consulting and corporate finance advisory, holding senior positions at Deloitte Corporate Finance (Sydney) and PFM (Newport Beach, CA) where he specialised in structured and project finance. Much of his work involved emerging coal seam gas companies. In the 1990s, he worked in the United States on project financing for a wave of public and private mega-stadiums and arenas. Mr. Devaney holds an MBA and BSc. (Finance) from the University of Southern California, USA.

CEO Compensation
  • Leon's compensation has increased whilst company is loss making.
  • Leon's remuneration is higher than average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the Central Petroleum management team in years:

0.9
Average Tenure
  • The average tenure for the Central Petroleum management team is less than 2 years, this suggests a new team.
Management Team

Leon Devaney

TITLE
CEO, MD
COMPENSATION
A$677K
AGE
49
TENURE
0.8 yrs

Ross Evans

TITLE
Chief Operations Officer
COMPENSATION
A$380K
TENURE
0.8 yrs

Daniel Christopher White

TITLE
Group General Counsel & Joint Company Secretary
COMPENSATION
A$564K
TENURE
9.3 yrs

Robin Polson

TITLE
Chief Commercial Officer
COMPENSATION
A$328K
TENURE
0.9 yrs

Duncan Lockhart

TITLE
General Manager of Exploration

Joseph Morfea

TITLE
Joint Company Secretary & Commercial Manager
TENURE
4.7 yrs

Greg Ambrose

TITLE
Manager of Geology
COMPENSATION
A$276K
Board of Directors Tenure

Average tenure and age of the Central Petroleum board of directors in years:

0.4
Average Tenure
62
Average Age
  • The average tenure for the Central Petroleum board of directors is less than 3 years, this suggests a new board.
Board of Directors

Martin Douglas Kriewaldt

TITLE
Non-Executive Chairman
COMPENSATION
A$65K
AGE
68
TENURE
1.5 yrs

Leon Devaney

TITLE
CEO, MD
COMPENSATION
A$677K
AGE
49
TENURE
0.4 yrs

Wrix Gasteen

TITLE
Independent Non-Executive Director
COMPENSATION
A$103K
AGE
67
TENURE
6.8 yrs

Stuart Baker

TITLE
Non-Executive director
TENURE
0.3 yrs

Kathy Hirschfeld

TITLE
Non-Executive Director
AGE
57
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
03. Aug 18 Buy Timothy Woodall Individual 01. Aug 18 01. Aug 18 250,000 A$0.13 A$32,350
03. Aug 18 Buy Sarah Ryan Individual 01. Aug 18 03. Aug 18 100,000 A$0.12 A$12,493
03. Aug 18 Sell Richard Cottee Individual 01. Aug 18 01. Aug 18 -47,700 A$0.13 A$-5,962
03. Aug 18 Buy Peter Moore Individual 01. Aug 18 01. Aug 18 50,000 A$0.13 A$6,500
11. May 18 Buy Martin Douglas Kriewaldt Individual 04. May 18 04. May 18 500,000 A$0.15 A$75,000
11. May 18 Buy Peter Moore Individual 07. May 18 07. May 18 50,000 A$0.16 A$8,000
04. May 18 Buy Sarah Ryan Individual 04. May 18 04. May 18 50,000 A$0.15 A$7,500
04. May 18 Buy Martin Douglas Kriewaldt Individual 04. May 18 04. May 18 200,000 A$0.15 A$30,000
X
Management checks
We assess Central Petroleum's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Central Petroleum has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

CTP News

Simply Wall St News

What Investors Should Know About Central Petroleum Limited's (ASX:CTP) Financial Strength

At this constant level of debt, the current cash and short-term investment levels stands at AU$5.48M for investing into the business. … Moving onto cash from operations, its small level of operating cash flow means calculating cash-to-debt wouldn't be too useful, though these low levels of cash means that operational efficiency is worth a look. … Running high debt, while not yet making money, can be risky in unexpected downturns as liquidity may dry up, making it hard to operate.Next Steps: CTP’s cash flow coverage indicates it could improve its operating efficiency in order to meet demand for debt repayments should unforeseen events arise.

Simply Wall St -

Who Are The Major Shareholders Of Central Petroleum Limited (ASX:CTP)?

Insider Ownership I find insiders are another important group of stakeholders, who are directly involved in making key decisions related to the use of capital. … Private Company Ownership Another important group of owners for potential investors in CTP are private companies that hold a stake of 7.16% in CTP. … Thus, potential investors should look into these business relations and check how it can impact long-term shareholder returns.Next Steps: Institutional ownership level and composition in CTP is not high nor active enough to significantly impact its investment thesis.

Simply Wall St -

Should You Worry About Central Petroleum Limited's (ASX:CTP) CEO Pay?

See our latest analysis for Central Petroleum What has CTP's performance been like? … Therefore I will use earnings as a proxy of Cottee's performance in the past year. … Typically I'd use market cap and profit as factors determining performance, however, CTP's negative earnings reduces the usefulness of my formula.

Simply Wall St -

How Central Petroleum Limited (ASX:CTP) Can Impact Your Portfolio Volatility

A widely-used metric to measure a stock's market risk is beta, and the broad market index represents a beta value of one. … With a beta of 3.93, Central Petroleum is a stock that tends to experience more gains than the market during a growth phase and also a bigger reduction in value compared to the market during a broad downturn. … CTP, with its market capitalisation of AU$88.39M, is a small-cap stock, which generally have higher beta than similar companies of larger size.

Simply Wall St -

With A -17.57% Earnings Drop, Did Central Petroleum Limited (ASX:CTP) Really Underperform?

When Central Petroleum Limited's (ASX:CTP) announced its latest earnings (31 December 2017), I wanted to understand how these figures stacked up against its past performance. … The two benchmarks I used were Central Petroleum's average earnings over the past couple of years, and its industry performance. … Each year, for the past half a decade Central Petroleum's top-line has grown by 43.55% on average, indicating that the company is in a high-growth phase with expenses shooting ahead of revenues, leading to annual losses.

Simply Wall St -

Is Central Petroleum Limited's (ASX:CTP) Balance Sheet Strong Enough To Weather A Storm?

At this current level of debt, the current cash and short-term investment levels stands at AU$5.48M for investing into the business. … Looking at CTP’s most recent AU$13.01M liabilities, it seems that the business has maintained a safe level of current assets to meet its obligations, with the current ratio last standing at 1.06x. … Running high debt, while not yet making money, can be risky in unexpected downturns as liquidity may dry up, making it hard to operate.Next Steps: At its current level of cash flow coverage, CTP has room for improvement to better cushion for events which may require debt repayment.

Simply Wall St -

Is Central Petroleum Limited (ASX:CTP) Still A Cheap Oil & Gas Stock?

In this article, I’ll take you through the energy sector growth expectations, and also determine whether Central Petroleum is a laggard or leader relative to its energy sector peers. … See our latest analysis for Central Petroleum What’s the catalyst for Central Petroleum's sector growth? … Only now has the sector begun to emerge from its turmoil, and in the past year, the industry turnaround delivered growth of over 50%, beating the Australian market growth of 6.93%.

Simply Wall St -

Should You Be Concerned About Central Petroleum Limited's (ASX:CTP) Shareholders?

In this article, I'm going to take a look at Central Petroleum Limited’s (ASX:CTP) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … See our latest analysis for Central Petroleum ASX:CTP Ownership_summary Jan 23rd 18 Institutional Ownership Institutional investors transact in large blocks which can influence the momentum of stock prices, at least in the short-term, especially when there is a low level of public shares available on the market to trade. … Insider Ownership Another important group of shareholders are company insiders.

Simply Wall St -

Does Central Petroleum Limited's (ASX:CTP) CEO Salary Compared Well With Others?

Performance can be measured based on factors such as earnings and total shareholder return (TSR). … In the situation of negative earnings, the company may be going through a period of reinvestment and growth, or it can be a signal of some headwind. … Usually I'd use market cap and profit as factors determining performance, however, CTP's negative earnings reduces the usefulness of my formula.

Simply Wall St -

Where Central Petroleum Limited (ASX:CTP) Stands In Terms Of Earnings Growth Against Its Industry

Today I will examine Central Petroleum Limited's (ASX:CTP) latest earnings update (30 June 2017) and compare these figures against its performance over the past couple of years, in addition to how the rest of CTP's industry performed. … View our latest analysis for Central Petroleum Was CTP weak performance lately part of a long-term decline? … Central Petroleum's track record can be a valuable insight into its earnings performance, but it certainly doesn't tell the whole story.

Simply Wall St -

CTP Company Info

Description

Central Petroleum Limited engages in the development, production, processing, and marketing of hydrocarbons in Australia. It holds interests in various oil and gas properties with 228,740 square kilometers of exploration permits in the Northern Territory at Mereenie, Palm Valley, and Dingo. The company was founded in 1998 and is based in Brisbane, Australia.

Details
Name: Central Petroleum Limited
CTP
Exchange: ASX
Founded: 1998
A$106,939,644
712,930,962
Website: http://www.centralpetroleum.com.au
Address: Central Petroleum Limited
369 Ann Street,
Level 7,
Brisbane,
Queensland, 4000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX CTP Ordinary Shares Australian Securities Exchange AU AUD 07. Mar 2006
DB C9J Ordinary Shares Deutsche Boerse AG DE EUR 07. Mar 2006
CHIA CTP Ordinary Shares Chi-X Australia AU AUD 07. Mar 2006
Number of employees
Current staff
Staff numbers
89
Central Petroleum employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 10:33
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/03/19
Last earnings filing: 2019/02/20
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.