ASX:ENX

Stock Analysis Report

Executive Summary

Enegex Limited operates as an oil and gas exploration company in Australia.

Snowflake

Fundamentals

Adequate balance sheet with weak fundamentals.

Share Price & News

How has Enegex's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

ENX

1.4%

AU Oil and Gas

1.3%

AU Market


1 Year Return

-20.0%

ENX

-11.1%

AU Oil and Gas

9.9%

AU Market

Return vs Industry: ENX underperformed the Australian Oil and Gas industry which returned -11.1% over the past year.

Return vs Market: ENX underperformed the Australian Market which returned 9.9% over the past year.


Share holder returns

ENXIndustryMarket
7 Day0%1.4%1.3%
30 Day0%-0.7%-0.7%
90 Dayn/a-3.5%-0.4%
1 Year-20.0%-20.0%-7.4%-11.1%16.3%9.9%
3 Year33.3%33.3%15.9%3.9%35.8%17.6%
5 Year2.6%0%-13.7%-29.4%51.9%17.8%

Price Volatility Vs. Market

How volatile is Enegex's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Enegex undervalued based on future cash flows and its price relative to the stock market?

6.1x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Undervalued: Insufficient data to calculate ENX's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate ENX's fair value to establish if it is undervalued.


Price Based on Earnings

PE vs Industry: ENX is unprofitable, so we can't compare its PE Ratio to the Oil and Gas industry average.

PE vs Market: ENX is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price Based on Expected Growth

Low PEG Ratio: Insufficient data to calculate ENX's PEG Ratio to determine if it is good value.


Price Based on Value of Assets

PB vs Industry: ENX is overvalued based on its PB Ratio (6.1x) compared to the AU Oil and Gas industry average (1.3x).


Next Steps

Future Growth

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

6.7%

Forecasted Energy industry annual growth in earnings


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 Enegex 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 SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Enegex performed over the past 5 years?

21.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: ENX is unprofitable, but has reduced losses over the past 5 years at a rate of 21.6% per year.

Accelerating Growth: Unable to compare ENX's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ENX is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (68.1%).


Return on Equity

High ROE: ENX has a negative Return on Equity (-193.8%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: ENX is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: ENX is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Enegex's financial position?


Financial Position Analysis

Short Term Liabilities: ENX's short term assets (A$172.8K) exceeds its short term liabilities (A$38.9K)

Long Term Liabilities: ENX has no long term liabilities


Debt to Equity History and Analysis

Debt Level: ENX is debt free.

Reducing Debt: ENX has not had any debt for past 5 years.


Balance Sheet

Inventory Level: ENX has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if ENX's debt is 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: ENX has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: ENX has less than a year of cash runway if free cash flow continues to reduce at historical rates of -2.3% each year


Next Steps

Dividend

What is Enegex's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.5%markettop25%5.6%industryaverage3.8%forecastin3Yearsn/a

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

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

High Dividend: Unable to evaluate ENX's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if ENX's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ENX'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 ENX's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

What is the CEO of Enegex's salary, the management and board of directors tenure and is there insider trading?

2.5yrs

Average board tenure


CEO

Graeme Menzies (69yo)

0yrs

Tenure

0

Mr. Graeme Alan Menzies, LL.B., LL.M., serves as the Chief Executive Officer of Enegex Limited. Mr. Menzies served as Company Secretary of Oil Basins Ltd. until 2009. Mr. Menzies has been practicing as a s ...


Board Age and Tenure

2.5yrs

Average Tenure

Experienced Board: ENX's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Graeme Menzies (69yo)

    Chief Executive Officer

    • Tenure: 0yrs
  • Rob Wright

    CFO & Company Secretary

    • Tenure: 0yrs
  • Rae Clark

    Executive Director

    • Tenure: 4yrs

Board Members

  • Geoff Albers (74yo)

    Chairman

    • Tenure: 2.5yrs
  • Rae Clark

    Executive Director

    • Tenure: 4yrs
  • Peter Armitage

    Independent Non-Executive Director

    • Tenure: 2.5yrs

Company Information

Enegex Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Enegex Limited
  • Ticker: ENX
  • Exchange: ASX
  • Founded: 2012
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: AU$965.996k
  • Shares outstanding: 80.50m
  • Website: https://www.enegex.com

Location

  • Enegex Limited
  • 500 Collins Street
  • Level 21
  • Melbourne
  • Victoria
  • 3000
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ENXASX (Australian Securities Exchange)YesOrdinary SharesAUAUDOct 2013

Biography

Enegex Limited operates as an oil and gas exploration company in Australia. It holds interest of 14.875% in WA-54-R Greater Cornea Fields, a petroleum retention lease located in Browse Basin, offshore from ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 10:35
End of Day Share Price2019/10/03 00:00
Earnings2019/06/30
Annual Earnings2019/06/30


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.

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