ASX:ENX

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Flawless balance sheet with weak fundamentals.

Risks

  • Enegex is not covered by any analysts.

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

11.1%

ASX:ENX

-4.4%

AU Oil and Gas

-2.5%

AU Market


1 Year Return

-16.7%

ASX:ENX

-17.5%

AU Oil and Gas

-0.6%

AU Market

ENX matched the Oil and Gas industry (-17.5%) over the past year.

ENX underperformed the Market in Australia which returned -0.6% over the past year.


Share holder returns

ENXIndustryMarket
7 Day11.1%-4.4%-2.5%
30 Day11.1%-5.2%-4.4%
90 Day0%-12.4%-1.1%
1 Year-16.7%-16.7%-14.5%-17.5%5.1%-0.6%
3 Year-16.7%-16.7%18.4%8.7%30.2%13.1%
5 Year-31.6%-33.3%-27.6%-40.5%36.5%5.9%

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?

1.94x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Enegex to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Enegex to establish if it is available at substantial discount.


Price Based on Earnings

Enegex is loss making, we can't compare its value to the AU Oil and Gas industry average.

Enegex is loss making, we can't compare the value of its earnings to the Australia market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Enegex, we can't assess if its growth is good value.


Price Based on Value of Assets

Enegex is overvalued based on assets compared to the AU Oil and Gas industry average.


Next Steps

Future Growth

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

3.5%

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

  • Examine Enegex's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • Enegex competitive advantages and company strategy can generally be found in its financial reports archived here.
  • Explore growth companies in the Energy industry.

Past Performance

How has Enegex performed over the past 5 years?

38.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Enegex does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.

Unable to compare Enegex's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Enegex's 1-year growth to the AU Oil and Gas industry average as it is not currently profitable.


Return on Equity

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


Return on Assets

It is difficult to establish if Enegex has efficiently used its assets last year compared to the AU Oil and Gas industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Enegex improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Enegex's financial position?


Financial Position Analysis

Enegex is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Enegex has no long term commitments.


Debt to Equity History and Analysis

Enegex has no debt.

Enegex has not taken on any debt in the past 5 years.


Balance Sheet

High level of physical assets or inventory.

Enegex has no debt, it does not need to be 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.

Enegex has sufficient cash runway for 1.7 years based on current free cash flow.

Enegex has sufficient cash runway for 1.8 years if free cash flow continues to reduce at historical rates of -9.2% each year.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate Enegex's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Enegex's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Enegex has not reported any payouts.

Unable to verify if Enegex's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Enegex 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.


Next Steps

Management

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

2.3yrs

Average board tenure


CEO

Graeme Menzies (69yo)

0.0yrs

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

2.3yrs

Average Tenure

The average tenure for the Enegex board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

BuyAU$72,40604 Oct 18
Graeme Kirke
EntityIndividual
Shares4,122,667
Max PriceAU$0.018

Ownership Breakdown


Management Team

  • Graeme Menzies (69yo)

    Chief Executive Officer

    • Tenure: 0.0yrs
  • Rob Wright

    CFO & Company Secretary

    • Tenure: 0.0yrs
  • Rae Clark

    Executive Director

    • Tenure: 3.8yrs

Board Members

  • Geoff Albers (74yo)

    Chairman

    • Tenure: 2.3yrs
  • Rae Clark

    Executive Director

    • Tenure: 3.8yrs
  • Peter Armitage

    Independent Non-Executive Director

    • Tenure: 2.3yrs

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$804.997k
  • 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 Analysis2019/08/19 10:36
End of Day Share Price2019/08/14 00:00
Earnings2018/12/31
Annual Earnings2018/06/30


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.