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Empire Energy Group

ASX:EEG
Snowflake Description

Imperfect balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EEG
ASX
A$37M
Market Cap
  1. Home
  2. AU
  3. Energy
Company description

Empire Energy Group Limited, together its subsidiaries, engages in the acquisition, development, production, exploration, and sale of oil and natural gas in the United States. The last earnings update was 25 days ago. More info.


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  • Empire Energy Group has significant price volatility in the past 3 months.
EEG Share Price and Events
7 Day Returns
0%
ASX:EEG
0.4%
AU Oil and Gas
-0%
AU Market
1 Year Returns
-52.8%
ASX:EEG
4.4%
AU Oil and Gas
4.6%
AU Market
EEG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Empire Energy Group (EEG) 0% -15% 0% -52.8% -19% -83.8%
AU Oil and Gas 0.4% -1.5% 6% 4.4% 30.5% -32.3%
AU Market -0% 1% 6.9% 4.6% 18.2% 4.8%
1 Year Return vs Industry and Market
  • EEG underperformed the Oil and Gas industry which returned 4.4% over the past year.
  • EEG underperformed the Market in Australia which returned 4.6% over the past year.
Price Volatility
EEG
Industry
5yr Volatility vs Market

EEG Value

 Is Empire Energy Group 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
  • It is not possible to calculate the future cash flow value for Empire Energy Group. This is due to cash flow or dividend data being unavailable. The share price is A$0.017.
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 Empire Energy Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Empire Energy Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:EEG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $-0.01
ASX:EEG Share Price ** ASX (2019-04-23) in AUD A$0.02
ASX:EEG Share Price converted to USD reporting currency Exchange rate (AUD/ USD) 0.713 $0.01
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 544 Publicly-Listed Companies 16.14x

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

** Primary Listing of Empire Energy Group.

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

= ASX:EEG Share Price ÷ EPS (both in USD)

= 0.01 ÷ -0.01

-1.15x

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

  • Empire Energy Group is loss making, we can't compare its value to the AU Oil and Gas industry average.
  • Empire Energy Group is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does Empire Energy Group's expected growth come at a high price?
Raw Data
ASX:EEG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.15x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
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 360 Publicly-Listed Companies 1.35x

*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 Empire Energy Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Empire Energy Group's assets?
Raw Data
ASX:EEG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $0.01
ASX:EEG Share Price * ASX (2019-04-23) in AUD A$0.02
ASX:EEG Share Price converted to USD reporting currency Exchange rate (AUD/ USD) 0.713 $0.01
Australia Oil and Gas Industry PB Ratio Median Figure of 145 Publicly-Listed Oil and Gas Companies 1.31x
Australia Market PB Ratio Median Figure of 1,676 Publicly-Listed Companies 1.67x
ASX:EEG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:EEG Share Price ÷ Book Value per Share (both in USD)

= 0.01 ÷ 0.01

1.31x

* Primary Listing of Empire Energy Group.

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

  • Empire Energy Group is overvalued based on assets compared to the AU Oil and Gas industry average.
X
Value checks
We assess Empire Energy Group'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. Empire Energy Group has a total score of 0/6, 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.

EEG Future Performance

 How is Empire Energy Group expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Empire Energy Group 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
4.2%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Empire Energy Group expected to grow at an attractive rate?
  • Unable to compare Empire Energy Group's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Empire Energy Group's earnings growth to the Australia market average as no estimate data is available.
  • Unable to compare Empire Energy Group's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:EEG Future Growth Rates Data Sources
Data Point Source Value (per year)
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 6.7%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3%

*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:EEG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:EEG Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
ASX:EEG Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 14 0 -16
2018-09-30 14 -1 -14
2018-06-30 14 -1 -13
2018-03-31 14 -1 -16
2017-12-31 14 -1 -20
2017-09-30 14 -1 -14
2017-06-30 14 0 -8
2017-03-31 14 0 4
2016-12-31 15 0 16
2016-09-30 15 0 4
2016-06-30 16 -1 -8
2016-03-31 17 0 -18

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Empire Energy Group is high growth as no earnings estimate data is available.
  • Unable to determine if Empire Energy Group is high growth as no revenue estimate data is available.
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:EEG 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 0 Analyst Estimates (S&P Global) See Below

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

ASX:EEG Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
ASX:EEG Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 -0.01
2018-09-30 -0.01
2018-06-30 -0.01
2018-03-31 -0.02
2017-12-31 -0.02
2017-09-30 -0.02
2017-06-30 -0.01
2017-03-31 0.01
2016-12-31 0.05
2016-09-30 0.01
2016-06-30 -0.02
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.
  • Unable to establish if Empire Energy Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Empire Energy Group's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Energy companies here
  2. Empire Energy Group's competitive advantages and company strategy can generally be found in its financial reports archived here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Empire Energy Group'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.
Empire Energy Group has a total score of 0/6, 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.

EEG Past Performance

  How has Empire Energy Group 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 Empire Energy Group'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.
  • Empire Energy Group does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Empire Energy Group's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Empire Energy Group's 1-year growth to the AU Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Empire Energy Group'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 Empire Energy Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:EEG Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 14.25 -15.87 3.94
2018-09-30 14.16 -14.22 3.66
2018-06-30 14.07 -12.56 3.39
2018-03-31 14.00 -16.34 3.26
2017-12-31 13.94 -20.11 3.13
2017-09-30 14.11 -13.91 3.17
2017-06-30 14.29 -7.71 3.22
2017-03-31 14.41 4.37 3.42
2016-12-31 14.54 16.45 3.62
2016-09-30 15.43 4.15 4.36
2016-06-30 16.32 -8.15 5.10
2016-03-31 17.28 -17.57 5.40
2015-12-31 18.24 -27.00 5.70
2015-09-30 19.23 -18.37 5.87
2015-06-30 20.23 -9.75 6.03
2015-03-31 21.90 -7.25 6.06
2014-12-31 23.57 -4.75 6.09
2014-09-30 24.08 -3.44 5.47
2014-06-30 24.59 -2.13 4.85
2014-03-31 25.34 -2.24 4.66
2013-12-31 26.10 -2.34 4.47
2013-09-30 26.86 -1.33 4.42
2013-06-30 27.62 -0.31 4.37
2013-03-31 27.65 -0.27 4.43
2012-12-31 27.69 -0.22 4.48
2012-09-30 27.98 -1.32 4.67
2012-06-30 28.27 -2.42 4.87

*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 Empire Energy Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Empire Energy Group 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 Empire Energy Group 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 Empire Energy Group'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.
Empire Energy Group 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.

EEG Health

 How is Empire Energy Group'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 Empire Energy Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Empire Energy Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Empire Energy Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Empire Energy Group'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.
  • Debt is not covered by short term assets, assets are 0.4x debt.
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 Empire Energy Group Company Filings, last reported 3 months ago.

ASX:EEG Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 21.37 24.44 4.16
2018-09-30 21.37 24.44 4.16
2018-06-30 18.76 37.38 1.11
2018-03-31 18.76 37.38 1.11
2017-12-31 20.26 36.98 0.91
2017-09-30 20.26 36.98 0.91
2017-06-30 29.79 37.13 1.90
2017-03-31 29.79 37.13 1.90
2016-12-31 36.22 38.66 0.64
2016-09-30 36.22 38.66 0.64
2016-06-30 33.31 38.72 0.80
2016-03-31 33.31 38.72 0.80
2015-12-31 18.69 40.49 1.13
2015-09-30 18.69 40.49 1.13
2015-06-30 39.90 40.67 1.93
2015-03-31 39.90 40.67 1.93
2014-12-31 45.13 41.82 3.09
2014-09-30 45.13 41.82 3.09
2014-06-30 49.22 40.69 4.26
2014-03-31 49.22 40.69 4.26
2013-12-31 49.36 41.16 2.32
2013-09-30 49.36 41.16 2.32
2013-06-30 50.83 45.13 4.07
2013-03-31 50.83 45.13 4.07
2012-12-31 51.11 48.96 6.19
2012-09-30 51.11 48.96 6.19
2012-06-30 51.69 50.50 3.96
  • Empire Energy Group's level of debt (114.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (83.4% vs 114.4% today).
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.

  • Empire Energy Group has sufficient cash runway for more than 3 years based on current free cash flow.
  • Empire Energy Group has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 76.7% each year.
X
Financial health checks
We assess Empire Energy Group'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. Empire Energy Group has a total score of 2/6, 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.

EEG Dividends

 What is Empire Energy Group'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 Empire Energy Group dividends.
If you bought A$2,000 of Empire Energy Group 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 Empire Energy Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Empire Energy Group'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:EEG 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 0 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:EEG Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts

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

  • Unable to perform a dividend volatility check as Empire Energy Group has not reported any payouts.
  • Unable to verify if Empire Energy Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Empire Energy Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Empire Energy Group has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Empire Energy Group'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 Empire Energy Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Empire Energy Group 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.

EEG Management

 What is the CEO of Empire Energy Group'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
Alex Underwood
AGE 35
TENURE AS CEO 0.7 years
CEO Bio

Mr. Alexander Underwood, also known as Alex, has been Chief Executive Officer and Managing Director of Empire Energy Group Limited since August 2018 and serves as its Director. He joined the company in February 2018. Mr. Underwood has been Chief Executive Officer and Director of Imperial Oil & Gas Pty Limited since March 6, 2018. He has nearly 15 years of specialist upstream oil and gas investing and financing experience. Mr. Underwood’s former experience includes working for the Commonwealth Bank of Australia in Singapore (Director of Natural Resources from 2015 to 2017) and Macquarie Bank, in Sydney and Singapore (Associate Director of Energy Markets Division from 2006 to 2015). Prior to this he worked for BHP Billiton Petroleum in Perth and Melbourne. Over this period, he has successfully invested debt and equity capital in a number of listed and unlisted oil and gas companies with assets in the United States, Australia and Asia. His focus has been on the identification of value creation opportunities for upstream oil and gas development and production assets.

CEO Compensation
  • Insufficient data for Alex to compare compensation growth.
  • Insufficient data for Alex to establish whether their remuneration is reasonable compared to companies of similar size in Australia.
Management Team Tenure

Average tenure of the Empire Energy Group management team in years:

0.7
Average Tenure
  • The average tenure for the Empire Energy Group management team is less than 2 years, this suggests a new team.
Management Team

Alex Underwood

TITLE
CEO, MD & Director
AGE
35
TENURE
0.7 yrs

Kylie Arizabaleta

TITLE
Financial Controller
TENURE
7.1 yrs

Rachel Ryan

TITLE
General Manager of Operations
COMPENSATION
$155K

Julian Rockett

TITLE
Company Secretary
TENURE
0.1 yrs
Board of Directors Tenure

Average tenure and age of the Empire Energy Group board of directors in years:

0.3
Average Tenure
74
Average Age
  • The average tenure for the Empire Energy Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Paul Espie

TITLE
Chairman
AGE
74
TENURE
0.3 yrs

Alex Underwood

TITLE
CEO, MD & Director
AGE
35

David Sutton

TITLE
Non-Executive Director
COMPENSATION
$15K
AGE
74
TENURE
22.3 yrs

John Warburton

TITLE
Non-Executive Director
COMPENSATION
$17K
AGE
60
TENURE
0.2 yrs

John Gerahty

TITLE
Non-Executive Director
AGE
75
TENURE
0.4 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$) Value (A$)
28. Sep 18 Buy John Gerahty Individual 10. Aug 18 10. Aug 18 31,630,929 A$0.02 A$632,589
31. Oct 18 Buy Macquarie Investment Management Limited Company 03. Oct 18 03. Oct 18 1,000,000 A$0.02 A$20,001
28. Sep 18 Buy Alexander Underwood Individual 26. Sep 18 26. Sep 18 5,000,000 A$0.02 A$100,001
X
Management checks
We assess Empire Energy Group'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. Empire Energy Group 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.

EEG News

Simply Wall St News

How Does Investing In Empire Energy Group Limited (ASX:EEG) Impact Your Portfolio?

The first risk to think about is company-specific, which can be diversified away by investing in other companies in order to lower your exposure to one particular stock. … The other type of risk, which cannot be diversified away, is market risk. … Every stock in the market is exposed to this risk, which arises from macroeconomic factors such as economic growth and geo-political tussles just to name a few.

Simply Wall St -

How Financially Strong Is Empire Energy Group Limited (ASX:EEG)?

How does EEG’s operating cash flow stack up against its debt? … At this constant level of debt, EEG currently has US$908.32K remaining in cash and short-term investments for investing into the business. … Maintaining a high level of debt, while revenues are still below costs, can be dangerous as liquidity tends to dry up in unexpected downturns.Next Steps: EEG’s high debt levels is not met with high cash flow coverage.

Simply Wall St -

Who Owns Empire Energy Group Limited (ASX:EEG)?

In this article, I'm going to take a look at Empire Energy Group Limited’s (ASX:EEG) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … See our latest analysis for Empire Energy Group ASX:EEG Ownership_summary Mar 28th 18 Institutional Ownership Institutional investors typically buy and sell shares in large magnitudes which can significantly sway the share price, especially when there are relatively small amounts of shares available on the market to trade. … As a result, potential investors should further explore the company's business relations with these companies and find out if they can affect shareholder returns in the long-term.Next Steps: With a low level of institutional ownership, investors in EEG need not worry about non-fundamental factors such as ownership structure causing large impact on stock prices.

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Should You Be Content With Empire Energy Group Limited's (ASX:EEG) Earnings Growth?

When Empire Energy Group Limited (ASX:EEG) released its most recent earnings update (30 June 2017), I compared it against two factor: its historical earnings track record, and the performance of its industry peers on average. … For Empire Energy Group, its most recent earnings (trailing twelve month) is -US$7.71M, which, relative to last year’s level, has become less negative. … ASX:EEG Income Statement Mar 20th 18 We can further analyze Empire Energy Group's loss by looking at what the industry has been experiencing over the past few years.

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What You Must Know About Empire Energy Group Limited's (ASX:EEG) Risks

Empire Energy Group has a beta of 1.21, which means that the percentage change in its stock value will be higher than the entire market in times of booms and busts. … A high level of beta means investors face higher risk associated with potential gains and losses driven by market movements. … How EEG's assets could affect its beta An asset-heavy company tends to have a higher beta because the risk associated with running fixed assets during a downturn is highly expensive.

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Is Empire Energy Group Limited's (ASX:EEG) Balance Sheet Strong Enough To Weather A Storm?

How does EEG’s operating cash flow stack up against its debt? … At this stable level of debt, EEG's cash and short-term investments stands at $0.6M for investing into the business. … Additionally, EEG has generated cash from operations of $0.1M over the same time period, resulting in an operating cash to total debt ratio of 0.28%, indicating that EEG’s debt is not appropriately covered by operating cash.

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Does Empire Energy Group Limited's (ASX:EEG) CEO Salary Compared Well With Others?

Check out our latest analysis for Empire Energy Group What has been the trend in EEG's earnings? … ASX:EEG Past Future Earnings Dec 16th 17 Is EEG's CEO overpaid relative to the market? … Normally I'd use market cap and profit as factors determining performance, however, EEG's negative earnings reduces the usefulness of my formula.

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With 39% Earnings Growth Lately, Did Empire Energy Group Limited (ASX:EEG) Outperform The Industry?

After looking at Empire Energy Group Limited's (ASX:EEG) latest earnings update (30 June 2017), I found it helpful to revisit the company's performance in the past couple of years and compare this against the latest numbers. … Check out our latest analysis for Empire Energy Group How Well Did EEG Perform? … Empire Energy Group's most recent twelve-month earnings -$7.7M, which, against the previous year's level, has become less negative.

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Empire Energy Group Limited (ASX:EEG): How Much Growth Is Left In Oil & Gas?

This rate is below the growth rate of the Australian stock market as a whole. … However, recently the sector saw a reversal in the downturn, and in the previous year, the industry saw growth of over 50%, beating the Australian market growth of 5.37%. … ASX:EEG PE PEG Gauge Nov 21st 17 The oil and gas industry is trading at a PE ratio of 11x, lower than the rest of the Australian stock market PE of 17x.

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Why Empire Energy Group Limited's (ASX:EEG) Ownership Structure Is Important

This size of ownership gives retail investors collective power in deciding on major policy decisions such as executive compensation, appointment of directors and acquisitions of businesses. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions. … With a low level of institutional ownership, investors in EEG need not worry about non-fundamental factors such as ownership structure causing large impact on stock prices.

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EEG Company Info

Description

Empire Energy Group Limited, together its subsidiaries, engages in the acquisition, development, production, exploration, and sale of oil and natural gas in the United States. It operates through Oil and Gas Operations, Investments, and Other segments. The company holds two exploration licenses and five license applications over 14.6 million acres in the McArthur Basin, in the Northern Territory, Australia. Empire Energy Group Limited sells its oil and gas products primarily to owners of domestic pipelines and refiners located in Pennsylvania, New York, and Kansas. The company was formerly known as Imperial Corporation Limited and changed its name to Empire Energy Group Limited in March 2011. Empire Energy Group Limited is headquartered in Sydney, Australia.

Details
Name: Empire Energy Group Limited
EEG
Exchange: ASX
Founded:
A$37,009,346
2,313,084,176
Website: http://www.empireenergygroup.net
Address: Empire Energy Group Limited
151 Macquarie Street,
Level 7,
Sydney,
New South Wales, 2000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX EEG Ordinary Shares Australian Securities Exchange AU AUD 06. Jan 1993
CHIA EEG Ordinary Shares Chi-X Australia AU AUD 06. Jan 1993
Number of employees
Current staff
Staff numbers
0
Empire Energy Group employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 10:32
End of day share price update: 2019/04/23 00:00
Last estimates confirmation: 2017/03/20
Last earnings filing: 2019/03/29
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.