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ICN

Icon EnergyASX:ICN Stock Report

Market Cap

AU$9.9m

7D

15.4%

1Y

-31.8%

Updated

26 Oct, 2021

Data

Company Financials
ICN fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health5/6
Dividends0/6

ICN Overview

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

Icon Energy Competitors

Beach Energy

ASX:BPT

AU$3.3b

Senex Energy

ASX:SXY

AU$840.7m

Carnarvon Petroleum

ASX:CVN

AU$516.6m

Strike Energy

ASX:STX

AU$344.3m

Price History & Performance

Summary of all time highs, changes and price drops for Icon Energy
Historical stock prices
Current Share PriceAU$0.015
52 Week HighAU$0.011
52 Week LowAU$0.031
Beta0.71
1 Month Change7.14%
3 Month Change-11.77%
1 Year Change-31.82%
3 Year Change-31.82%
5 Year Change-48.28%
Change since IPO-92.50%

Recent News & Updates

Shareholder Returns

ICNAU Oil and GasAU Market
7D15.4%-3.2%0.8%
1Y-31.8%48.1%24.4%

Return vs Industry: ICN underperformed the Australian Oil and Gas industry which returned 48.1% over the past year.

Return vs Market: ICN underperformed the Australian Market which returned 24.4% over the past year.

Price Volatility

Is ICN's price volatile compared to industry and market?
ICN volatility
ICN Beta0.71
Industry Beta1.29
Market Beta1

Stable Share Price: ICN is more volatile than 90% of Australian stocks over the past 3 months, typically moving +/- 19% a week.

Volatility Over Time: ICN's weekly volatility (19%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
1993n/aRay Jameshttps://www.iconenergy.com

Icon Energy Limited, together with its subsidiaries, engages in exploration, appraisal, and development of oil and gas properties in Australia. It holds interests in the Cooper/Eromanga, and Surat 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 Fundamentals Summary

How do Icon Energy's earnings and revenue compare to its market cap?
ICN fundamental statistics
Market CapAU$9.86m
Earnings (TTM)-AU$6.92m
Revenue (TTM)n/a

0x

P/S Ratio

-1.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ICN income statement (TTM)
RevenueAU$0
Cost of RevenueAU$153.77k
Gross Profit-AU$153.76k
ExpensesAU$6.77m
Earnings-AU$6.92m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.011
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0%

How did ICN perform over the long term?

See historical performance and comparison

Valuation

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

5.56x

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 Australian 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 overvalued based on its PB Ratio (5.6x) compared to the AU Oil and Gas industry average (2.5x).


Future Growth

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

10.2%

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.


Past Performance

How has Icon Energy performed over the past 5 years?

-15.0%

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 15% 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 (-50.5%).


Return on Equity

High ROE: ICN has a negative Return on Equity (-389.63%), as it is currently unprofitable.


Financial Health

How is Icon Energy's financial position?


Financial Position Analysis

Short Term Liabilities: ICN's short term assets (A$1.7M) exceed its short term liabilities (A$291.3K).

Long Term Liabilities: ICN's short term assets (A$1.7M) do not cover its long term liabilities (A$4.4M).


Debt to Equity History and Analysis

Debt Level: ICN is debt free.

Reducing Debt: ICN had no debt 5 years ago.


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: ICN has sufficient cash runway for 5 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: ICN is forecast to have sufficient cash runway for 4 months based on free cash flow estimates, but has since raised additional capital.


Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate ICN'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 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?

12.8yrs

Average board tenure


CEO

Ray James

28.67yrs

Tenure

AU$121,681

Compensation

Mr. Raymond Swinbum James, also known as Ray, serves as Director of Icon Energy Limited since December 31, 2019. He has been Managing Director at Icon Energy Limited since February 7,1993 and served as its...


CEO Compensation Analysis

Compensation vs Market: Ray's total compensation ($USD91.22K) is below average for companies of similar size in the Australian market ($USD301.38K).

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


Board Members

Experienced Board: ICN's board of directors are seasoned and experienced ( 12.8 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 been diluted in the past year, with total shares outstanding growing by 10%.


Top Shareholders

Company Information

Icon Energy Limited's 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$9.864m
  • Shares outstanding: 657.61m
  • Website: https://www.iconenergy.com

Location

  • Icon Energy Limited
  • Lakeside 2 Bermuda Point
  • 1301/1 Lake Orr Drive
  • Gold Coast
  • Queensland
  • 4227
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 16:13
End of Day Share Price2021/10/26 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.