Central Petroleum Limited engages in the development, production, processing, and marketing of hydrocarbons in Australia.
Undervalued with reasonable growth potential.
Share Price & News
How has Central Petroleum's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CTP's share price has been volatile over the past 3 months.
7 Day Return
AU Oil and Gas
1 Year Return
AU Oil and Gas
Return vs Industry: CTP underperformed the Australian Oil and Gas industry which returned -14.1% over the past year.
Return vs Market: CTP underperformed the Australian Market which returned 10.9% over the past year.
Price Volatility Vs. Market
How volatile is Central Petroleum's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 day ago | Simply Wall StDo Directors Own Central Petroleum Limited (ASX:CTP) Shares?
1 month ago | Simply Wall StDid Central Petroleum's (ASX:CTP) Share Price Deserve to Gain 71%?
2 months ago | Simply Wall StHow Many Central Petroleum Limited (ASX:CTP) Shares Did Insiders Buy, In The Last Year?
Is Central Petroleum undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CTP (A$0.11) is trading below our estimate of fair value (A$0.4)
Significantly Below Fair Value: CTP is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CTP is good value based on its PE Ratio (10.1x) compared to the Oil and Gas industry average (10.3x).
PE vs Market: CTP is good value based on its PE Ratio (10.1x) compared to the Australian market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: CTP is good value based on its PEG Ratio (0.3x)
Price to Book Ratio
PB vs Industry: CTP has negative assets, so we can't compare its PB Ratio to the AU Oil and Gas industry average.
How is Central Petroleum forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CTP's forecast earnings growth (30.2% per year) is above the savings rate (1.1%).
Earnings vs Market: CTP's earnings (30.2% 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: CTP's revenue (0.3% per year) is forecast to grow slower than the Australian market (4.1% per year).
High Growth Revenue: CTP's revenue (0.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CTP's Return on Equity is forecast to be very high in 3 years time (94.9%).
How has Central Petroleum performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CTP has high quality earnings.
Growing Profit Margin: CTP became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: CTP has become profitable over the past 5 years, growing earnings by 14.4% per year.
Accelerating Growth: CTP has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: CTP has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-0.7%).
Return on Equity
High ROE: CTP's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.
Return on Assets
Return on Capital Employed
How is Central Petroleum's financial position?
Financial Position Analysis
Short Term Liabilities: CTP has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: CTP has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: CTP has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: CTP's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Inventory Level: CTP has a high level of physical assets or inventory.
Debt Coverage by Assets: CTP has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
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: CTP is profitable, therefore cash runway is not a concern.
Forecast Cash Runway: CTP is profitable, therefore cash runway is not a concern.
What is Central Petroleum's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate CTP's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate CTP'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 CTP's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CTP'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 CTP's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Leon Devaney (50yo)
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 Februa ...
CEO Compensation Analysis
Compensation vs Market: Leon's total compensation ($USD506.69K) is above average for companies of similar size in the Australian market ($USD250.90K).
Compensation vs Earnings: Leon's compensation has been consistent with company performance over the past year.
|CEO, MD & Director||1.6yrs||AU$767.38k||0.29% A$234.5k|
|Chief Operations Officer||1.7yrs||AU$535.86k||no data|
|Group General Counsel & Joint Company Secretary||10.2yrs||AU$597.51k||0.16% A$124.3k|
|Chief Commercial Officer||1.8yrs||AU$410.75k||no data|
|General Manager of Exploration||0.8yrs||AU$474.34k||no data|
|Chief Financial Officer||0.5yrs||no data||no data|
|Joint Company Secretary & Commercial Manager||5.5yrs||no data||no data|
|Manager of Geology||0yrs||AU$275.98k||no data|
Experienced Management: CTP's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.
|CEO, MD & Director||1.6yrs||AU$767.38k||0.29% A$234.5k|
|Non-Executive Director||1.2yrs||AU$51.62k||0.070% A$55.3k|
|Non-Executive director||1.2yrs||AU$51.62k||no data|
|Non-Executive Chairman||0.4yrs||AU$124.56k||0.041% A$32.3k|
|Non-Executive Director||0.7yrs||no data||0.014% A$11.0k|
Experienced Board: CTP's board of directors are not considered experienced ( 1.2 years average tenure), which suggests a new board.
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.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Central Petroleum Limited's company bio, employee growth, exchange listings and data sources
- Name: Central Petroleum Limited
- Ticker: CTP
- Exchange: ASX
- Founded: 1998
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Market Cap: AU$79.536m
- Shares outstanding: 723.06m
- Website: https://www.centralpetroleum.com.au
Number of Employees
- Central Petroleum Limited
- 369 Ann Street
- Level 7
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CTP||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Mar 2006|
|CNPT.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Mar 2006|
|C9J||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Mar 2006|
|CTP||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||Mar 2006|
Central Petroleum Limited engages in the development, production, processing, and marketing of hydrocarbons in Australia. It holds interests in various oil and gas properties comprising 188,767 square kilometers of exploration area located in the Amadeus, Southern Georgina, Wiso, and Surat Basins. The company was founded in 1998 and is headquartered in Brisbane, Australia.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/26 10:33|
|End of Day Share Price||2020/02/26 00:00|
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.