ASX:ICN

Stock Analysis Report

Executive Summary

Icon Energy Limited engages in exploration, appraisal, and development of oil and gas properties in Australia.

Risk Analysis

Earnings have declined by -38.2% per year over past 5 years

Does not have a meaningful market cap (A$4M)

Currently unprofitable and not forecast to become profitable over the next 3 years

Highly volatile share price over past 3 months



Snowflake Analysis

Excellent balance sheet and overvalued.


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ASX:STX

Share Price & News

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


Latest Share Price and Events

Stable Share Price: ICN's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

20.0%

ICN

-0.6%

AU Oil and Gas

0.8%

AU Market


1 Year Return

-70.0%

ICN

-8.9%

AU Oil and Gas

15.3%

AU Market

Return vs Industry: ICN underperformed the Australian Oil and Gas industry which returned -8.9% over the past year.

Return vs Market: ICN underperformed the Australian Market which returned 15.3% over the past year.


Shareholder returns

ICNIndustryMarket
7 Day20.0%-0.6%0.8%
30 Day-33.3%-9.0%0.3%
90 Day-53.8%-3.4%5.3%
1 Year-70.0%-70.0%-5.0%-8.9%20.5%15.3%
3 Year-78.6%-78.6%11.7%0.3%37.4%18.8%
5 Year-92.3%-92.3%5.7%-12.9%50.7%16.8%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

0.31x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

PE vs Market: ICN 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 ICN's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ICN is good value based on its PB Ratio (0.3x) compared to the AU Oil and Gas industry average (1.2x).


Next Steps

Future Growth

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

11.3%

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 Icon Energy 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 Icon Energy performed over the past 5 years?

-38.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ICN is currently unprofitable.

Growing Profit Margin: ICN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ICN is unprofitable, and losses have increased over the past 5 years at a rate of -38.2% per year.

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

Earnings vs Industry: ICN is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (58.2%).


Return on Equity

High ROE: ICN has a negative Return on Equity (-269.42%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Icon Energy's financial position?


Financial Position Analysis

Short Term Liabilities: ICN's short term assets (A$9.4M) exceed its short term liabilities (A$6.2M).

Long Term Liabilities: ICN's short term assets (A$9.4M) exceed its long term liabilities (A$35.4K).


Debt to Equity History and Analysis

Debt Level: ICN is debt free.

Reducing Debt: ICN had no debt 5 years ago.


Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if ICN'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: ICN has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if ICN has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.3%markettop25%5.5%industryaverage4.1%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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


Stability and Growth of Payments

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

Growing Dividend: Insufficient data to determine if ICN'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 ICN'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?

11.0yrs

Average board tenure


CEO

Icon Energy has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
Keith Hilless
Non-Executive Director10.8yrsAU$68.77k0.016% A$559.3
Raymond James
Director27yrsAU$664.20k4.19% A$150.2k
Stephen Barry
Non-Executive Chairman11.2yrsAU$92.86k0.28% A$9.9k
Howard Lu
Non-Executive Director9.1yrsAU$61.32k2.69% A$96.4k

11.0yrs

Average Tenure

Experienced Board: ICN's board of directors are seasoned and experienced ( 11 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: Icon Energy Limited
  • Ticker: ICN
  • Exchange: ASX
  • Founded: 1993
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: AU$3.585m
  • Shares outstanding: 597.56m
  • Website: https://www.iconenergy.com

Number of Employees


Location

  • Icon Energy Limited
  • 4 Miami Key
  • Broadbeach Waters
  • Gold Coast
  • Queensland
  • 4218
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ICNASX (Australian Securities Exchange)YesOrdinary SharesAUAUDSep 1997
ICNO.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDSep 1997
ICNCHIA (Chi-X Australia)YesOrdinary SharesAUAUDSep 1997

Biography

Icon Energy Limited engages in exploration, appraisal, and development of oil and gas properties in Australia. It holds interests in the Cooper/Eromanga, and Surat and Gippsland Basins located in Queensland. The company was formerly known as Icon Oil NL and changed its name to Icon Energy Limited in November 2000. Icon Energy Limited was founded in 1993 and is headquartered in Gold Coast, Australia. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/19 10:32
End of Day Share Price2020/02/17 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.