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CTP

Central PetroleumASX:CTP Stock Report

Market Cap

AU$94.1m

7D

4.0%

1Y

8.3%

Updated

16 Oct, 2021

Data

Company Financials +
CTP fundamental analysis
Snowflake Score
Valuation0/6
Future Growth2/6
Past Performance2/6
Financial Health3/6
Dividends0/6

CTP Overview

Central Petroleum Limited engages in the development, production, processing, and marketing of hydrocarbons in Australia.

Central Petroleum Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Central Petroleum
Historical stock prices
Current Share PriceAU$0.13
52 Week HighAU$0.093
52 Week LowAU$0.17
Beta0.26
1 Month Change23.81%
3 Month Change13.04%
1 Year Change8.33%
3 Year Change-10.35%
5 Year Change0%
Change since IPO-84.71%

Recent News & Updates

Shareholder Returns

CTPAU Oil and GasAU Market
7D4.0%0.5%0.9%
1Y8.3%48.9%20.2%

Return vs Industry: CTP underperformed the Australian Oil and Gas industry which returned 48.9% over the past year.

Return vs Market: CTP underperformed the Australian Market which returned 20.2% over the past year.

Price Volatility

Is CTP's price volatile compared to industry and market?
CTP volatility
CTP Beta0.26
Industry Beta1.28
Market Beta1

Stable Share Price: CTP is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: CTP's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199885Leon Devaneyhttps://www.centralpetroleum.com.au

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 181,875 square kilometers of exploration area located in the Amadeus, Southern Georgina, Wiso, and Surat Basins. The company was incorporated in 1998 and is headquartered in Brisbane, Australia.

Central Petroleum Fundamentals Summary

How do Central Petroleum's earnings and revenue compare to its market cap?
CTP fundamental statistics
Market CapAU$94.13m
Earnings (TTM)AU$251.00k
Revenue (TTM)AU$59.83m

382.4x

P/E Ratio

1.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CTP income statement (TTM)
RevenueAU$59.83m
Cost of RevenueAU$28.85m
Gross ProfitAU$30.98m
ExpensesAU$30.72m
EarningsAU$251.00k

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.00034
Gross Margin51.77%
Net Profit Margin0.42%
Debt/Equity Ratio1,811.0%

How did CTP perform over the long term?

See historical performance and comparison

Valuation

Is Central Petroleum undervalued compared to its fair value and its price relative to the market?

382.35x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: CTP is poor value based on its PE Ratio (382.4x) compared to the Australian Oil and Gas industry average (29.3x).

PE vs Market: CTP is poor value based on its PE Ratio (382.4x) compared to the Australian market (19.8x).


Price to Earnings Growth Ratio

PEG Ratio: CTP is poor value based on its PEG Ratio (21.2x)


Price to Book Ratio

PB vs Industry: CTP is overvalued based on its PB Ratio (25.5x) compared to the AU Oil and Gas industry average (2.5x).


Future Growth

How is Central Petroleum forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

18.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CTP's forecast earnings growth (18.1% per year) is above the savings rate (1.9%).

Earnings vs Market: CTP's earnings (18.1% per year) are forecast to grow faster than the Australian market (11.8% per year).

High Growth Earnings: CTP's earnings are forecast to grow, but not significantly.

Revenue vs Market: CTP's revenue is expected to decline over the next 3 years (-6.8% per year).

High Growth Revenue: CTP's revenue is forecast to decline over the next 3 years (-6.8% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CTP's Return on Equity is forecast to be low in 3 years time (4%).


Past Performance

How has Central Petroleum performed over the past 5 years?

45.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CTP has high quality earnings.

Growing Profit Margin: CTP's current net profit margins (0.4%) are lower than last year (8.3%).


Past Earnings Growth Analysis

Earnings Trend: CTP has become profitable over the past 5 years, growing earnings by 45.7% per year.

Accelerating Growth: CTP's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CTP had negative earnings growth (-95.4%) over the past year, making it difficult to compare to the Oil and Gas industry average (-50.5%).


Return on Equity

High ROE: CTP's Return on Equity (6.8%) is considered low.


Financial Health

How is Central Petroleum's financial position?


Financial Position Analysis

Short Term Liabilities: CTP's short term assets (A$103.9M) exceed its short term liabilities (A$95.6M).

Long Term Liabilities: CTP's short term assets (A$103.9M) exceed its long term liabilities (A$74.9M).


Debt to Equity History and Analysis

Debt Level: CTP's debt to equity ratio (1811%) is considered high.

Reducing Debt: CTP's debt to equity ratio has increased from 520.5% to 1811% over the past 5 years.

Debt Coverage: CTP's debt is well covered by operating cash flow (36.1%).

Interest Coverage: CTP's interest payments on its debt are not well covered by EBIT (1x coverage).


Balance Sheet


Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate CTP'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 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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.9yrs

Average management tenure


CEO

Leon Devaney (52 yo)

3.25yrs

Tenure

AU$1,047,203

Compensation

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 ($USD777.26K) is above average for companies of similar size in the Australian market ($USD302.45K).

Compensation vs Earnings: Leon's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: CTP's management team is considered experienced (2.9 years average tenure).


Board Members

Experienced Board: CTP's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.


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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Central Petroleum Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Central Petroleum Limited
  • Ticker: CTP
  • Exchange: ASX
  • Founded: 1998
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: AU$94.132m
  • Shares outstanding: 724.09m
  • Website: https://www.centralpetroleum.com.au

Number of Employees


Location

  • Central Petroleum Limited
  • 369 Ann Street
  • Level 7
  • Brisbane
  • Queensland
  • 4000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/16 07:02
End of Day Share Price2021/10/15 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.