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FAR

FARASX:FAR Stock Report

Market Cap

AU$80.6m

7D

6.3%

1Y

n/a

Updated

16 Oct, 2021

Data

Company Financials
FAR fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

FAR Overview

FAR Limited operates as an oil and gas exploration and development company with primary assets located in Africa and Australia.

FAR Competitors

Price History & Performance

Summary of all time highs, changes and price drops for FAR
Historical stock prices
Current Share PriceAU$0.81
52 Week HighAU$0.72
52 Week LowAU$1.53
Beta1.68
1 Month Change-45.62%
3 Month Changen/a
1 Year Changen/a
3 Year Change-93.27%
5 Year Change-89.91%
Change since IPO-94.23%

Recent News & Updates

Shareholder Returns

FARAU Oil and GasAU Market
7D6.3%0.5%0.9%
1Yn/a48.9%20.2%

Return vs Industry: Insufficient data to determine how FAR performed against the Australian Oil and Gas industry.

Return vs Market: Insufficient data to determine how FAR performed against the Australian Market.

Price Volatility

Is FAR's price volatile compared to industry and market?
FAR volatility
FAR Beta1.68
Industry Beta1.28
Market Beta1

Stable Share Price: FAR is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 15% a week.

Volatility Over Time: Insufficient data to determine FAR's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
1984n/aCath Normanhttps://www.far.com.au

FAR Limited operates as an oil and gas exploration and development company with primary assets located in Africa and Australia. The company holds a portfolio of exploration licenses in the Gambia, the Guinea-Bissau, and the Senegal projects in West and East Africa. It also holds a petroleum exploration permit in Western Australia.

FAR Fundamentals Summary

How do FAR's earnings and revenue compare to its market cap?
FAR fundamental statistics
Market CapUS$59.81m
Earnings (TTM)-US$6.09m
Revenue (TTM)n/a

0x

P/S Ratio

-9.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FAR income statement (TTM)
RevenueUS$0
Cost of RevenueUS$0
Gross ProfitUS$0
ExpensesUS$6.09m
Earnings-US$6.09m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.061
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0%

How did FAR perform over the long term?

See historical performance and comparison

Valuation

Is FAR undervalued compared to its fair value and its price relative to the market?

0.44x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate FAR's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate FAR's fair value to establish if it is undervalued.


Price To Earnings Ratio

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

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: FAR is good value based on its PB Ratio (0.4x) compared to the AU Oil and Gas industry average (2.5x).


Future Growth

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

9.4%

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 FAR 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.


Past Performance

How has FAR performed over the past 5 years?

11.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FAR is currently unprofitable.

Growing Profit Margin: FAR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: FAR is unprofitable, but has reduced losses over the past 5 years at a rate of 11.3% per year.

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

Earnings vs Industry: FAR is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-50.5%).


Return on Equity

High ROE: FAR has a negative Return on Equity (-4.51%), as it is currently unprofitable.


Financial Health

How is FAR's financial position?


Financial Position Analysis

Short Term Liabilities: FAR's short term assets ($226.9M) exceed its short term liabilities ($99.1M).

Long Term Liabilities: FAR's short term assets ($226.9M) exceed its long term liabilities ($25.4K).


Debt to Equity History and Analysis

Debt Level: FAR is debt free.

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


Balance Sheet


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: FAR has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: FAR has less than a year of cash runway if free cash flow continues to reduce at historical rates of 6.9% each year


Dividend

What is FAR current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate FAR'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 FAR's dividends per share have been stable in the past.

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


Next Steps

Management

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

1.8yrs

Average management tenure


CEO

Cath Norman

9.92yrs

Tenure

US$520,280

Compensation

Ms. Catherine Margaret Norman, also known as Cath, BSc (Geophysics) serves as the Vice President, Marketing at Shasta Ventures since 2016. Ms. Norman has been the Managing Director and Executive Director o...


CEO Compensation Analysis

Compensation vs Market: Cath's total compensation ($USD520.28K) is above average for companies of similar size in the Australian market ($USD302.45K).

Compensation vs Earnings: Cath's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: FAR's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: FAR's board of directors are not considered experienced ( 0.3 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: FAR 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

FAR Limited's employee growth, exchange listings and data sources


Key Information

  • Name: FAR Limited
  • Ticker: FAR
  • Exchange: ASX
  • Founded: 1984
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: AU$80.579m
  • Shares outstanding: 99.79m
  • Website: https://www.far.com.au

Number of Employees


Location

  • FAR Limited
  • 530 Collins Street
  • Level 17
  • Melbourne
  • Victoria
  • 3000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/16 07:02
End of Day Share Price2021/10/15 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.