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Elk Petroleum

ASX:ELK
Snowflake Description

High growth potential and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ELK
ASX
A$23M
Market Cap
  1. Home
  2. AU
  3. Energy
Company description

Elk Petroleum Limited develops and produces oil and gas in the United States. The last earnings update was 206 days ago. More info.


Add to Portfolio Compare Print
  • Elk Petroleum has significant price volatility in the past 3 months.
ELK Share Price and Events
7 Day Returns
0%
ASX:ELK
0.8%
AU Oil and Gas
-0%
AU Market
1 Year Returns
-84.6%
ASX:ELK
3.8%
AU Oil and Gas
4.9%
AU Market
ELK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Elk Petroleum (ELK) 0% 0% -65.9% -84.6% -82.7% -87.8%
AU Oil and Gas 0.8% -1.5% 5.1% 3.8% 30.5% -32%
AU Market -0% 1% 6.3% 4.9% 18.2% 4.8%
1 Year Return vs Industry and Market
  • ELK underperformed the Oil and Gas industry which returned 3.8% over the past year.
  • ELK underperformed the Market in Australia which returned 4.9% over the past year.
Price Volatility
ELK
Industry
5yr Volatility vs Market

ELK Value

 Is Elk 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 Elk 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 Elk Petroleum.

ASX:ELK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 14.2%
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:ELK
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))
= 0.954 (1 + (1- 30%) (1551.17%))
7.906
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (2 * 5.96%)
14.23%

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

The calculations below outline how an intrinsic value for Elk 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:ELK DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 14.23%)
2019 -23.17 Analyst x1 -20.28
2020 6.04 Analyst x1 4.63
2021 7.75 Est @ 28.24% 5.20
2022 9.34 Est @ 20.46% 5.48
2023 10.74 Est @ 15.02% 5.52
2024 11.94 Est @ 11.21% 5.38
2025 12.96 Est @ 8.54% 5.11
2026 13.83 Est @ 6.67% 4.77
2027 14.57 Est @ 5.36% 4.40
2028 15.22 Est @ 4.45% 4.02
Present value of next 10 years cash flows $24.23
ASX:ELK DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $15.22 × (1 + 2.31%) ÷ (14.23% – 2.31%)
$130.61
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $130.61 ÷ (1 + 14.23%)10
$34.52
ASX:ELK Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $24.23 + $34.52
$58.75
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $58.75 / 1,626.54
$0.04
ASX:ELK Discount to Share Price
Calculation Result
Exchange Rate USD/AUD
(Reporting currency to currency of ASX:ELK)
1.399
Value per Share
(AUD)
= Value per Share in USD x Exchange Rate (USD/AUD)
= $0.04 x 1.399
A$0.05
Value per share (AUD) From above. A$0.05
Current discount Discount to share price of A$0.01
= -1 x (A$0.01 - A$0.05) / A$0.05
72.3%

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

Current Discount
Amount off the current price Elk Petroleum is available for.
Intrinsic value
>50%
Share price is A$0.014 vs Future cash flow value of A$0.05052
Current Discount Checks
For Elk Petroleum to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Elk Petroleum's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Elk 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 Elk Petroleum's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Elk Petroleum's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:ELK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in USD $-0.09
ASX:ELK Share Price ** ASX (2019-02-26) in AUD A$0.01
ASX:ELK Share Price converted to USD reporting currency Exchange rate (AUD/ USD) 0.715 $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 Elk Petroleum.

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

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

= 0.01 ÷ -0.09

-0.11x

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

  • Elk Petroleum is loss making, we can't compare its value to the AU Oil and Gas industry average.
  • Elk Petroleum is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does Elk Petroleum's expected growth come at a high price?
Raw Data
ASX:ELK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.11x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
144%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 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 Elk Petroleum, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Elk Petroleum's assets?
Raw Data
ASX:ELK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in USD $-0.04
ASX:ELK Share Price * ASX (2019-02-26) in AUD A$0.01
ASX:ELK Share Price converted to USD reporting currency Exchange rate (AUD/ USD) 0.715 $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:ELK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.01 ÷ -0.04

-0.27x

* Primary Listing of Elk Petroleum.

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

  • Elk 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 Elk 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. Elk 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.

ELK Future Performance

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

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
144%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Elk Petroleum expected to grow at an attractive rate?
  • Elk Petroleum's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Elk Petroleum's earnings growth is expected to exceed the Australia market average.
  • Elk Petroleum's revenue growth is expected to exceed the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:ELK Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:ELK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 144%
ASX:ELK Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 36%
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:ELK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:ELK Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-06-30 206 39 16 2
2019-06-30 161 11 -5 2
ASX:ELK Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-06-30 95 -4 -109
2018-03-31 64 -6 -79
2017-12-31 32 -8 -49
2017-09-30 19 -6 -29
2017-06-30 5 -3 -8
2017-03-31 3 -4 -8
2016-12-31 0 -5 -7
2016-09-30 0 -4 -6
2016-06-30 0 -3 -5
2016-03-31 0 -3 -5
2015-12-31 0 -2 -4
2015-09-30 0 -2 -3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Elk Petroleum's earnings are expected to grow significantly at over 20% yearly.
  • Elk 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:ELK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Elk Petroleum Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:ELK Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-06-30 0.02 0.03 0.01 2.00
2019-06-30 0.01 0.01 0.00 2.00
ASX:ELK Past Financials Data
Date (Data in USD Millions) EPS *
2018-06-30 -0.09
2018-03-31 -0.07
2017-12-31 -0.05
2017-09-30 -0.03
2017-06-30 -0.01
2017-03-31 -0.01
2016-12-31 -0.01
2016-09-30 -0.02
2016-06-30 -0.02
2016-03-31 -0.02
2015-12-31 -0.02
2015-09-30 -0.02

*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 Elk Petroleum will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Elk 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.
Elk Petroleum has a total score of 5/6, 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.

ELK Past Performance

  How has Elk Petroleum performed over the past 5 years?

  • Elk Petroleum's last earnings update was 206 days ago.
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 Elk 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.
  • Elk Petroleum does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Elk Petroleum's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Elk Petroleum's 1-year growth to the AU Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Elk 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 Elk Petroleum Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:ELK Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 95.12 -109.00 0.75
2018-03-31 63.75 -79.07 2.35
2017-12-31 32.38 -49.14 8.74
2017-09-30 18.67 -28.63 7.34
2017-06-30 4.96 -8.12 1.15
2017-03-31 2.51 -7.57 2.58
2016-12-31 0.06 -7.19 4.09
2016-09-30 0.05 -6.13 3.69
2016-06-30 0.04 -5.22 3.36
2016-03-31 0.02 -4.75 2.99
2015-12-31 -0.01 -3.79 2.32
2015-09-30 0.01 -3.11 2.14
2015-06-30 0.03 -2.81 2.23
2015-03-31 0.11 -3.90 2.31
2014-12-31 0.20 -5.39 2.58
2014-09-30 0.26 -6.09 2.89
2014-06-30 0.32 -6.93 3.26
2014-03-31 0.31 -6.02 3.27
2013-12-31 0.30 -5.04 3.21
2013-09-30 0.34 -5.25 3.29
2013-06-30 0.37 -5.12 3.16
2013-03-31 0.42 -5.40 3.33
2012-12-31 0.42 -4.96 3.05
2012-09-30 0.41 -4.51 2.93
2012-06-30 0.40 -4.01 2.78

*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 Elk 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 Elk 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 Elk 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 Elk 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.
Elk 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.

ELK Health

 How is Elk 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 Elk Petroleum's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Elk Petroleum's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Elk Petroleum's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Elk 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.
  • Elk 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 Elk Petroleum Company Filings, last reported 9 months ago.

ASX:ELK Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 -56.46 252.54 34.92
2018-03-31 -56.46 252.54 34.92
2017-12-31 -3.70 225.38 7.51
2017-09-30 -3.70 225.38 7.51
2017-06-30 20.51 66.18 4.86
2017-03-31 20.51 66.18 4.86
2016-12-31 22.98 38.87 0.82
2016-09-30 24.36 41.20 0.87
2016-06-30 16.93 16.44 13.44
2016-03-31 17.51 16.98 13.91
2015-12-31 -0.84 18.04 0.14
2015-09-30 -0.82 17.41 0.14
2015-06-30 1.09 17.33 1.21
2015-03-31 1.08 17.17 1.20
2014-12-31 2.20 14.98 0.29
2014-09-30 2.35 16.01 0.31
2014-06-30 2.97 14.06 0.38
2014-03-31 2.92 13.82 0.37
2013-12-31 6.54 9.25 0.44
2013-09-30 6.83 9.67 0.46
2013-06-30 7.17 4.85 0.99
2013-03-31 8.15 5.52 1.13
2012-12-31 8.91 0.64 3.15
2012-09-30 8.90 0.63 3.15
2012-06-30 8.13 0.05 2.64
  • Elk Petroleum has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Elk 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.

  • Elk Petroleum has less than a year of cash runway based on current free cash flow.
  • Elk Petroleum has less than a year of cash runway if free cash flow continues to grow at historical rates of 106.1% each year.
X
Financial health checks
We assess Elk 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. Elk 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.

ELK Dividends

 What is Elk 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 Elk Petroleum dividends. Estimated to be 0% next year.
If you bought A$2,000 of Elk 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 Elk Petroleum's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Elk 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:ELK 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 2 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:ELK Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
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 Elk Petroleum has not reported any payouts.
  • Unable to verify if Elk Petroleum's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Elk Petroleum's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Elk Petroleum has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Elk Petroleum's dividends in 3 years as they are not expected to pay a notable one for Australia.
X
Income/ dividend checks
We assess Elk 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 Elk Petroleum afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Elk 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.

ELK Management

 What is the CEO of Elk 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
David Evans
COMPENSATION $328,602
AGE 56
TENURE AS CEO 0 years
CEO Bio

Mr. David Evans has been Chief Operating Officer of Elk Petroleum Limited since April 29, 2016 and as its Interim Chief Executive Officer since April 01, 2019. Mr. Evans has years of upstream global oil & gas development, production and exploration experience, with significant exposure to Brownfield redevelopments and EOR projects. He served as the Chief Technical Officer of Drillsearch Energy, Ltd. from March 15, 2010 to March 13, 2013 and served as its Acting Chief Operations Officer until November 2014 and Executive General Manager of Operations. He has held senior oil & gas exploration positions with several leading international independent oil and gas companies and technical service companies including Vegas Egypt, Burren Energy PLC, Petro-Canada International, Cairn Energy/Command Petroleum, Roxar Limited, and Baker Hughes Inteq. He serves as Director of Drillsearch (Finance) Pty Limited. He also spent several years in the petroleum exploration arm of the Australian Geological Survey Organization. He was also the recipient of the East Coles Corporate Performance Awards 2014 Best Operational Management, Energy Sector. He served as Petroleum Engineer of Gothic Energy Corp. since November 1997. Mr. Evans holds a Master of Applied Science (Geology) from the University of Canberra, a Post Graduate Diploma in Petroleum Exploration Geology from Oxford Brookes University, and a Bachelor of Science (Honors) in Geology from the University of London.

CEO Compensation
  • David's compensation has been consistent with company performance over the past year.
  • David's remuneration is about average for companies of similar size in Australia.
Management Team Tenure

Average tenure and age of the Elk Petroleum management team in years:

7.3
Average Tenure
52
Average Age
  • The average tenure for the Elk Petroleum management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

David Evans

TITLE
Interim CEO & COO
COMPENSATION
$329K
AGE
56

Brad Lingo

TITLE
COMPENSATION
$850K
AGE
57
TENURE
0.1 yrs

David Franks

TITLE
Joint Company Secretary
COMPENSATION
$17K
AGE
48
TENURE
7.3 yrs

Andrew Bursill

TITLE
Joint Company Secretary
AGE
47
TENURE
7.3 yrs
Board of Directors Tenure

Average tenure of the Elk Petroleum board of directors in years:

4.1
Average Tenure
  • The tenure for the Elk Petroleum board of directors is about average.
Board of Directors

Neale Taylor

TITLE
Chairman
COMPENSATION
$111K
AGE
75
TENURE
8.5 yrs

Russell Krause

TITLE
Independent Non-Executive Director
COMPENSATION
$59K
TENURE
4.1 yrs

Tim Hargreaves

TITLE
Non-Executive Director
COMPENSATION
$59K
AGE
64
TENURE
3.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
19. Nov 18 Buy James Piccone Individual 20. Nov 18 20. Nov 18 4,500,000 A$0.06 A$278,998
10. Jul 18 Sell Republic Investment Management Pte Ltd Company 25. May 18 25. May 18 -55,000 A$0.07 A$-4,058
10. Jul 18 Buy Republic Investment Management Pte Ltd Company 19. Apr 18 28. Jun 18 30,504,084 A$0.07 A$2,160,845
22. Jun 18 Sell Bradley Lingo Individual 18. Jun 18 18. Jun 18 -1,920,408 A$0.07 A$-142,111
13. May 18 Buy LIM Advisors Limited Company 08. May 18 08. May 18 73,500,000 A$0.07 A$5,293,448
X
Management checks
We assess Elk 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. Elk 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.

ELK News

Simply Wall St News

Could Elk Petroleum Limited's (ASX:ELK) Investor Composition Influence The Stock Price?

A look at the shareholders of Elk Petroleum Limited (ASX:ELK) can tell us which group is most powerful. … With a market capitalization of AU$24m, Elk Petroleum is a small cap stock, so it might not be well known by many institutional investors. … Our analysis of the ownership of the company, below, shows that.

Simply Wall St -

Who Just Ramped Up Their Shares In Elk Petroleum Limited (ASX:ELK)?

some insider buying over the past three months, with insiders investing in. … A well-known argument is that insiders investing more in their own companies’ shares sends an optimistic signal … A research published in The MIT Press (1998) concluded that stocks following insider buying outperformed the market by 4.5%

Simply Wall St -

How Elk Petroleum Limited's (ASX:ELK) EPS Dropped 50.1%, Did Its Industry Show Weakness Too?

Today I will assess ELK's recent performance announced on 30 June 2017 and compare these figures to its historical trend and industry movements. … Inspecting growth from a sector-level, the Australian oil, gas and consumable fuels industry has been increasing average earnings growth of 57.50% over the prior twelve months, and a less exciting 3.66% over the past five years. … Future Outlook: What are well-informed industry analysts predicting for ELK’s future growth?

Simply Wall St -

Are You Backing The Right Horse With Elk Petroleum Limited (ASX:ELK)?

This rate is below the growth rate of the Australian stock market as a whole. … ASX:ELK Past Future Earnings Nov 7th 17 The oil price collapse drove a negative 40% growth in the energy sector in the past five years. … However, recently the sector saw a reversal in the downturn, and over the past year, the industry turnaround led to growth of over 50%, beating the Australian market growth of 5.37%.

Simply Wall St -

Why Elk Petroleum Limited's (ASX:ELK) CEO Pay Matters To You

Performance can be measured based on factors such as earnings and total shareholder return (TSR). … I believe earnings is a cleaner proxy, since many factors can impact share price, and therefore, TSR. … Usually I'd use market cap and profit as factors determining performance, however, ELK's negative earnings lower the usefulness of my formula.

Simply Wall St -

ELK Company Info

Description

Elk Petroleum Limited develops and produces oil and gas in the United States. It owns a 49% interest in the Grieve Field project located in Wyoming, the United States; a 14% non-operating working interest in the Madden gas field and the Lost Cabin gas plant, and associated gas gathering pipeline systems located in Natrona and Freemont counties, Wyoming; and a 63% working interest in Aneth field located in southeastern Utah. The company is headquartered in Sydney, Australia.

Details
Name: Elk Petroleum Limited
ELK
Exchange: ASX
Founded:
A$22,771,629
1,626,544,977
Website: http://www.elkpet.com
Address: Elk Petroleum Limited
Australia Square,
Suite 4001,
Sydney,
New South Wales, 2000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX ELK Ordinary Shares Australian Securities Exchange AU AUD 17. Jun 2005
OTCPK EKPT.F Ordinary Shares Pink Sheets LLC US USD 17. Jun 2005
DB HLT Ordinary Shares Deutsche Boerse AG DE EUR 17. Jun 2005
HMSE HLT Ordinary Shares Hamburg Stock Exchange DE EUR 17. Jun 2005
CHIA ELK Ordinary Shares Chi-X Australia AU AUD 17. Jun 2005
Number of employees
Current staff
Staff numbers
0
Elk Petroleum employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/22 10:32
End of day share price update: 2019/02/26 00:00
Last estimates confirmation: 2019/04/12
Last earnings filing: 2018/09/28
Last earnings reported: 2018/06/30
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.