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CTP

Central Petroleum ASX:CTP Stock Report

Last Price

AU$0.13

Market Cap

AU$90.7m

7D

4.2%

1Y

19.0%

Updated

23 May, 2022

Data

Company Financials +
CTP fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance5/6
Financial Health4/6
Dividends0/6

CTP Stock 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$0.15
52 Week LowAU$0.096
Beta0.35
1 Month Change8.70%
3 Month Change13.64%
1 Year Change19.05%
3 Year Change-13.79%
5 Year Change-30.56%
Change since IPO-85.29%

Recent News & Updates

May 17
Do Central Petroleum's (ASX:CTP) Earnings Warrant Your Attention?

Do Central Petroleum's (ASX:CTP) Earnings Warrant Your Attention?

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

Shareholder Returns

CTPAU Oil and GasAU Market
7D4.2%0.2%1.1%
1Y19.0%33.9%1.5%

Return vs Industry: CTP underperformed the Australian Oil and Gas industry which returned 33.9% over the past year.

Return vs Market: CTP exceeded the Australian Market which returned 1.5% over the past year.

Price Volatility

Is CTP's price volatile compared to industry and market?
CTP volatility
CTP Average Weekly Movement7.8%
Oil and Gas Industry Average Movement12.9%
Market Average Movement9.5%
10% most volatile stocks in AU Market16.5%
10% least volatile stocks in AU Market4.3%

Stable Share Price: CTP is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: CTP's weekly volatility (8%) 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$90.74m
Earnings (TTM)AU$28.18m
Revenue (TTM)AU$54.42m

3.2x

P/E Ratio

1.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CTP income statement (TTM)
RevenueAU$54.42m
Cost of RevenueAU$26.15m
Gross ProfitAU$28.28m
Other ExpensesAU$103.00k
EarningsAU$28.18m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.039
Gross Margin51.96%
Net Profit Margin51.77%
Debt/Equity Ratio99.5%

How did CTP perform over the long term?

See historical performance and comparison
New valuation analysis is now available for all ASX stocks. This is in beta.

Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-95.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CTP's earnings are forecast to decline over the next 3 years (-95.6% per year).

Earnings vs Market: CTP's earnings are forecast to decline over the next 3 years (-95.6% per year).

High Growth Earnings: CTP's earnings are forecast to decline over the next 3 years.

Revenue vs Market: CTP's revenue is expected to decline over the next 3 years (-12.7% per year).

High Growth Revenue: CTP's revenue is forecast to decline over the next 3 years (-12.7% 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 (2.5%).


Past Performance

How has Central Petroleum performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


60.5%

Historical annual earnings growth

Earnings and Revenue History

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

Growing Profit Margin: CTP's current net profit margins (51.8%) are higher than last year (8.1%).


Past Earnings Growth Analysis

Earnings Trend: CTP has become profitable over the past 5 years, growing earnings by 60.5% per year.

Accelerating Growth: CTP's earnings growth over the past year (493.4%) exceeds its 5-year average (60.5% per year).

Earnings vs Industry: CTP earnings growth over the past year (493.4%) exceeded the Oil and Gas industry 299.7%.


Return on Equity

High ROE: CTP's Return on Equity (80.5%) is considered outstanding.


Financial Health

How is Central Petroleum's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: CTP's short term assets (A$57.4M) exceed its short term liabilities (A$51.4M).

Long Term Liabilities: CTP's short term assets (A$57.4M) exceed its long term liabilities (A$43.2M).


Debt to Equity History and Analysis

Debt Level: CTP's net debt to equity ratio (31.9%) is considered satisfactory.

Reducing Debt: CTP's debt to equity ratio has reduced from 742.8% to 99.5% over the past 5 years.

Debt Coverage: CTP's debt is not well covered by operating cash flow (17.3%).

Interest Coverage: Insufficient data to determine if CTP's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

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.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as CTP has not reported any payouts.


Discover strong dividend paying companies

Management

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

3.5yrs

Average management tenure


CEO

Leon Devaney (52 yo)

3.83yrs

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 ($USD735.86K) is above average for companies of similar size in the Australian market ($USD286.83K).

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 (3.5 years average tenure).


Board Members

Experienced Board: CTP's board of directors are not considered experienced ( 2.7 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
  • Implied Market Cap: AU$90.738m
  • Shares outstanding: 725.91m
  • 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 Analysis2022/05/23 00:00
End of Day Share Price2022/05/23 00:00
Earnings2021/12/31
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.