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Intra Energy

ASX:IEC
Snowflake Description

Good value with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
IEC
ASX
A$9M
Market Cap
  1. Home
  2. AU
  3. Energy
Company description

Intra Energy Corporation Limited, a mining and energy company, engages in the exploration and production of coal in Eastern Africa. The last earnings update was 37 days ago. More info.


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  • Intra Energy has significant price volatility in the past 3 months.
IEC Share Price and Events
7 Day Returns
0%
ASX:IEC
1.4%
AU Oil and Gas
0.7%
AU Market
1 Year Returns
69.2%
ASX:IEC
3.8%
AU Oil and Gas
4.7%
AU Market
IEC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Intra Energy (IEC) 0% 46.7% 120% 69.2% 450% -51.1%
AU Oil and Gas 1.4% -1.6% 5.5% 3.8% 28.7% -32.5%
AU Market 0.7% 1.1% 6.5% 4.7% 17.5% 4.9%
1 Year Return vs Industry and Market
  • IEC outperformed the Oil and Gas industry which returned 3.8% over the past year.
  • IEC outperformed the Market in Australia which returned 4.7% over the past year.
Price Volatility
IEC
Industry
5yr Volatility vs Market

Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Intra Energy to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Intra Energy.

ASX:IEC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 8.9%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:IEC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.953 (1 + (1- 30%) (32.03%))
1.112
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.11
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (1.112 * 5.96%)
8.94%

Discounted Cash Flow Calculation for ASX:IEC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Intra Energy is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ASX:IEC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 8.94%)
2019 3.76 Est @ 26.79% 3.45
2020 4.49 Est @ 19.44% 3.78
2021 5.13 Est @ 14.3% 3.97
2022 5.68 Est @ 10.71% 4.03
2023 6.15 Est @ 8.19% 4.01
2024 6.54 Est @ 6.43% 3.91
2025 6.88 Est @ 5.19% 3.78
2026 7.18 Est @ 4.33% 3.62
2027 7.44 Est @ 3.72% 3.44
2028 7.69 Est @ 3.3% 3.27
Present value of next 10 years cash flows A$37.26
ASX:IEC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= A$7.69 × (1 + 2.31%) ÷ (8.94% – 2.31%)
A$118.73
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$118.73 ÷ (1 + 8.94%)10
A$50.43
ASX:IEC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$37.26 + A$50.43
A$87.69
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$87.69 / 387.72
A$0.23
ASX:IEC Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$0.23
Current discount Discount to share price of A$0.02
= -1 x (A$0.02 - A$0.23) / A$0.23
90.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Intra Energy is available for.
Intrinsic value
>50%
Share price is A$0.022 vs Future cash flow value of A$0.22617
Current Discount Checks
For Intra Energy to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Intra Energy's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Intra Energy's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Intra Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Intra Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:IEC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$0.00
ASX:IEC Share Price ** ASX (2019-04-17) in AUD A$0.02
Australia Oil and Gas Industry PE Ratio Median Figure of 23 Publicly-Listed Oil and Gas Companies 7.92x
Australia Market PE Ratio Median Figure of 545 Publicly-Listed Companies 16.18x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Intra Energy.

ASX:IEC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:IEC Share Price ÷ EPS (both in AUD)

= 0.02 ÷ 0.00

5.5x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Intra Energy is good value based on earnings compared to the AU Oil and Gas industry average.
  • Intra Energy is good value based on earnings compared to the Australia market.
Price based on expected Growth
Does Intra Energy's expected growth come at a high price?
Raw Data
ASX:IEC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.5x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Australia Oil and Gas Industry PEG Ratio Median Figure of 17 Publicly-Listed Oil and Gas Companies 0.24x
Australia Market PEG Ratio Median Figure of 361 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Intra Energy, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Intra Energy's assets?
Raw Data
ASX:IEC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$0.01
ASX:IEC Share Price * ASX (2019-04-17) in AUD A$0.02
Australia Oil and Gas Industry PB Ratio Median Figure of 144 Publicly-Listed Oil and Gas Companies 1.31x
Australia Market PB Ratio Median Figure of 1,676 Publicly-Listed Companies 1.68x
ASX:IEC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:IEC Share Price ÷ Book Value per Share (both in AUD)

= 0.02 ÷ 0.01

1.83x

* Primary Listing of Intra Energy.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Intra Energy is overvalued based on assets compared to the AU Oil and Gas industry average.
X
Value checks
We assess Intra Energy's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Intra Energy has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

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 Intra 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
4.2%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Intra Energy expected to grow at an attractive rate?
  • Unable to compare Intra Energy's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Intra Energy's earnings growth to the Australia market average as no estimate data is available.
  • Unable to compare Intra Energy's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:IEC Future Growth Rates Data Sources
Data Point Source Value (per year)
Australia Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 4.2%
Australia Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.7%
Australia Market Earnings Growth Rate Market Cap Weighted Average 6.6%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:IEC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:IEC Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 44 4 2
2018-09-30 39 3 0
2018-06-30 33 2 -1
2017-12-31 29 3 -3
2017-09-30 26 2 -3
2017-06-30 23 1 -3
2016-12-31 15 0 -4
2016-09-30 15 0 -4
2016-06-30 14 0 -3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Intra Energy is high growth as no earnings estimate data is available.
  • Unable to determine if Intra Energy is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:IEC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Intra Energy Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:IEC Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 0.00
2018-09-30 0.00
2018-06-30 0.00
2017-12-31 -0.01
2017-09-30 -0.01
2017-06-30 -0.01
2016-12-31 -0.02
2016-09-30 -0.01
2016-06-30 -0.01

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Intra Energy will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Intra Energy is trading at Intra Energy'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Intra Energy's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Energy companies here
  3. Intra Energy's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Intra Energy's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Intra Energy has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Intra Energy performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Intra Energy's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Intra Energy has delivered over 20% year on year earnings growth in the past 5 years.
  • Intra Energy has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Intra Energy has become profitable in the last year making it difficult to compare the AU Oil and Gas industry average.
Earnings and Revenue History
Intra Energy's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Intra Energy Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:IEC Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 44.48 1.54 2.57
2018-09-30 38.78 0.13 2.40
2018-06-30 33.08 -1.29 2.22
2017-12-31 28.73 -2.51 1.68
2017-09-30 25.72 -2.78 2.10
2017-06-30 22.71 -3.05 2.52
2016-12-31 14.95 -4.42 2.82
2016-09-30 14.68 -3.73 2.91
2016-06-30 14.41 -3.04 2.99
2015-12-31 14.36 0.18 3.71
2015-09-30 14.38 -0.22 3.61
2015-06-30 14.39 -0.61 3.50
2015-03-31 15.65 -9.22 4.13
2014-12-31 14.74 -16.69 4.03
2014-09-30 12.80 -17.77 4.08
2014-06-30 10.87 -18.85 4.12
2014-03-31 9.90 -13.17 4.27
2013-12-31 8.93 -7.50 4.41
2013-09-30 8.74 -7.40 4.47
2013-06-30 8.55 -7.30 4.53
2013-03-31 7.34 -6.59 4.59
2012-12-31 6.13 -5.88 4.65
2012-09-30 4.18 -6.42 5.05
2012-06-30 2.23 -6.95 5.44

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Intra Energy has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • Intra Energy used its assets less efficiently than the AU Oil and Gas industry average last year based on Return on Assets.
  • It is difficult to establish if Intra Energy improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.
X
Past performance checks
We assess Intra Energy's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Intra Energy has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Intra Energy's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Intra Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Intra Energy's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Intra Energy's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Intra Energy's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Intra Energy has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Intra Energy Company Filings, last reported 3 months ago.

ASX:IEC Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 -1.35 2.73 3.51
2018-09-30 -1.35 2.73 3.51
2018-06-30 -3.87 3.81 0.41
2017-12-31 -2.97 3.70 1.18
2017-09-30 -2.97 3.70 1.18
2017-06-30 -1.31 3.13 0.08
2016-12-31 1.27 3.82 0.54
2016-09-30 1.27 3.82 0.54
2016-06-30 2.86 3.32 0.07
2015-12-31 9.73 3.45 0.20
2015-09-30 9.73 3.45 0.20
2015-06-30 11.41 3.88 0.04
2015-03-31 11.41 3.88 0.04
2014-12-31 14.66 4.50 0.08
2014-09-30 14.66 4.50 0.08
2014-06-30 12.52 4.16 0.09
2014-03-31 12.52 4.16 0.09
2013-12-31 31.91 5.69 0.80
2013-09-30 31.91 5.69 0.80
2013-06-30 33.51 3.37 4.44
2013-03-31 33.51 3.37 4.44
2012-12-31 30.43 1.40 4.17
2012-09-30 30.43 1.40 4.17
2012-06-30 34.37 0.00 8.77
  • Intra Energy has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Intra Energy's debt level has increased considering it has negative shareholder equity.
  • Debt is well covered by operating cash flow (158.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 8.3x coverage).
X
Financial health checks
We assess Intra Energy's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Intra Energy has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Intra Energy dividends.
If you bought A$2,000 of Intra Energy shares you are expected to receive A$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Intra Energy's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Intra Energy's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:IEC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Australia Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 4.6%
Australia Market Average Dividend Yield Market Cap Weighted Average of 417 Stocks 4.3%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.6%
Australia Bottom 25% Dividend Yield 25th Percentile 2.5%
Australia Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Intra Energy has not reported any payouts.
  • Unable to verify if Intra Energy's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Intra Energy's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Intra Energy 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.
X
Income/ dividend checks
We assess Intra Energy's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Intra Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Intra Energy has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jim Shedd
COMPENSATION A$407,581
TENURE AS CEO 2.3 years
CEO Bio

Mr. James L. Shedd Jr., also known as Jim, has been Managing Director at Intra Energy Corporation Limited since November 2018. He had been Chief Executive Officer at Intra Energy Corporation Limited since December 2016 Until February 2019. Mr. Shedd has been the Chief Executive Officer of Tanzania at Intra Energy Corporation Limited since February 4, 2017. He was a Combat Engineer and Productivity Analyst of the US Armed Forces. He has spent the last 20 years in the mining industry specialising in general mine, turnaround and productivity management. He has lived and worked in over 14 countries worldwide including Tanzania, Indonesia and Australia. His last positions have been in Indonesia, Senegal and Western Australia as a Performance Improver in mines on behalf of McKinsey Consultants. Mr. Shedd graduated in business from the University of Maryland, USA. Mr. Shedd also holds an MBA from Regis University, Colorado, USA.

CEO Compensation
  • Jim's compensation has increased in line with Intra Energy recently becoming profitable.
  • Jim's remuneration is about average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the Intra Energy management team in years:

2.3
Average Tenure
  • The tenure for the Intra Energy management team is about average.
Management Team

Jim Shedd

TITLE
Managing Director
COMPENSATION
A$408K
TENURE
2.3 yrs

Kerry Angel

TITLE
Chief Financial Officer
COMPENSATION
A$227K

Emmanuel Constantinedes

TITLE
Head of Marketing & Sales - Tanzania

Rozanna Lee

TITLE
Company Secretary
TENURE
7.5 yrs

Mark McAndrew

TITLE
Consultant
COMPENSATION
A$226K
TENURE
1.8 yrs
Board of Directors Tenure

Average tenure of the Intra Energy board of directors in years:

1.1
Average Tenure
  • The average tenure for the Intra Energy board of directors is less than 3 years, this suggests a new board.
Board of Directors

Graeme Robertson

TITLE
Non-Executive Chairman
COMPENSATION
A$113K
AGE
68
TENURE
8.3 yrs

Jim Shedd

TITLE
Managing Director
COMPENSATION
A$408K
TENURE
0.4 yrs

Troy Wilson

TITLE
Non-Executive Director
COMPENSATION
A$30K
TENURE
1.5 yrs

Alan Fraser

TITLE
Non-Executive Director
TENURE
0.7 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Intra Energy insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
10. Apr 19 Buy Graeme Robertson Individual 05. Apr 19 05. Apr 19 250,000 A$0.03 A$6,250
05. Apr 19 Buy David Schwartz Individual 01. Apr 19 01. Apr 19 4,142,051 A$0.02 A$74,556
25. Jan 19 Buy David Schwartz Individual 26. Nov 18 10. Jan 19 4,648,269 A$0.02 A$59,125
X
Management checks
We assess Intra Energy's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Intra Energy has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

How Does Investing In Intra Energy Corporation Limited (ASX:IEC) Impact The Volatility Of Your Portfolio?

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

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Do Insiders Own Shares In Intra Energy Corporation Limited (ASX:IEC)?

If you want to know who really controls Intra Energy Corporation Limited (ASX:IEC), then you'll have to look at the makeup of its share registry. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … institutions are noticeable on the share registry

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Intra Energy Corporation Limited (ASX:IEC): What Does Its Beta Value Mean For Your Portfolio?

Volatility is considered to be a measure of risk in modern finance theory. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

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What Kind Of Shareholders Own Intra Energy Corporation Limited (ASX:IEC)?

If you want to know who really controls Intra Energy Corporation Limited (ASX:IEC), then you'll have to look at the makeup of its share registry. … With a market capitalization of AU$5.8m, Intra Energy is a small cap stock, so it might not be well known by many institutional investors. … View our latest analysis for Intra Energy

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Who Are The Major Shareholders In Intra Energy Corporation Limited (ASX:IEC)?

In this analysis, my focus will be on developing a perspective on Intra Energy Corporation Limited’s (ASX:IEC) latest ownership structure, a less discussed, but important factor. … Therefore, it is beneficial for us to examine IEC's ownership structure in more detail. … Check out our latest analysis for Intra Energy

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Why Intra Energy Corporation Limited's (ASX:IEC) Investor Composition Impacts Your Returns

In this article, I'm going to take a look at Intra Energy Corporation Limited’s (ASX:IEC) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … Insider Ownership Another important group of shareholders are company insiders. … Thus, potential investors should look into these business relations and check how it can impact long-term shareholder returns.Next Steps: Institutional ownership in IEC is not at a level that would concern investors.

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Has Intra Energy Corporation Limited (ASX:IEC) Improved Earnings Growth In Recent Times?

After looking at Intra Energy Corporation Limited's (ASX:IEC) latest earnings announcement (31 December 2017), I found it useful to revisit the company's performance in the past couple of years and assess this against the most recent figures. … Check out our latest analysis for Intra Energy Were IEC's earnings stronger than its past performances and the industry? … ASX:IEC Income Statement Mar 27th 18 We can further evaluate Intra Energy's loss by looking at what the industry has been experiencing over the past few years.

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What Are The Drivers Of Intra Energy Corporation Limited's (ASX:IEC) Risks?

View our latest analysis for Intra Energy An interpretation of IEC's beta With a beta of 1.14, Intra Energy is a stock that tends to experience more gains than the market during a growth phase and also a bigger reduction in value compared to the market during a broad downturn. … IEC, with its market capitalisation of AU$5.82M, is a small-cap stock, which generally have higher beta than similar companies of larger size. … How IEC's assets could affect its beta An asset-heavy company tends to have a higher beta because the risk associated with running fixed assets during a downturn is highly expensive.

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Should You Be Concerned About Intra Energy Corporation Limited's (ASX:IEC) Investors?

View our latest analysis for Intra Energy ASX:IEC Ownership_summary Jan 22nd 18 Institutional Ownership Institutional investors are one of the largest group of market participants and their buy-sell decisions on a company's stock can significantly impact prices, more so, when there are relatively small amounts of shares available on the market to trade. … Private Company Ownership Another group of owners that a potential investor in IEC should consider are private companies, with a stake of 12.18%. … Thus, investors should dig deeper into IEC's business relations with these companies and how it can affect shareholder returns in the long-term.What this means for you: Institutional ownership level and composition in IEC is not high nor active enough to significantly impact its investment thesis.

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Want To Invest In Intra Energy Corporation Limited (ASX:IEC)? Here's How It Performed Lately

Check out our latest analysis for Intra Energy How Did IEC's Recent Performance Stack Up Against Its Past? … To account for any quarterly or half-yearly updates, I use data from the most recent 12 months, which annualizes the most recent half-year data, or in some cases, the latest annual report is already the most recent financial year data. … Intra Energy's most recent earnings -A$3.1M, which, against the previous year's figure, has become more negative.

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Company Info

Description

Intra Energy Corporation Limited, a mining and energy company, engages in the exploration and production of coal in Eastern Africa. It operates in two segments, Australia and Africa. The company's flagship project is the Tancoal mine covering six coal bearing tenements in the Ngaka Coalfields, Tanzania. It also operates the Ngaka coal-fired energy project with a capacity of 270 MW situated in Tanzania. The company was formerly known as Atomic Resources Limited and changed its name to Intra Energy Corporation in April 2011. Intra Energy Corporation Limited was incorporated in 2007 and is headquartered in Sydney, Australia.

Details
Name: Intra Energy Corporation Limited
IEC
Exchange: ASX
Founded: 2007
A$8,529,928
387,724,030
Website: http://www.intraenergycorp.com.au
Address: Intra Energy Corporation Limited
2 Park Street,
Level 40,
Sydney,
New South Wales, 2000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX IEC Ordinary Shares Australian Securities Exchange AU AUD 04. Jul 2007
DB ARI Ordinary Shares Deutsche Boerse AG DE EUR 04. Jul 2007
CHIA IEC Ordinary Shares Chi-X Australia AU AUD 04. Jul 2007
Number of employees
Current staff
Staff numbers
0
Intra Energy employees.
Industry
Coal and Consumable Fuels
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 10:33
End of day share price update: 2019/04/17 00:00
Last earnings filing: 2019/03/13
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.