ASX:INK

Stock Analysis Report

Executive Summary

Indago Energy Limited engages in evaluating, exploring, and developing oil and gas prospects, and technologies in North America and internationally.

Snowflake

Fundamentals

Mediocre balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

2.2%

INK

2.6%

AU Oil and Gas

0.4%

AU Market


1 Year Return

80.4%

INK

-10.4%

AU Oil and Gas

9.8%

AU Market

Return vs Industry: INK exceeded the Australian Oil and Gas industry which returned -10.4% over the past year.

Return vs Market: INK exceeded the Australian Market which returned 9.8% over the past year.


Shareholder returns

INKIndustryMarket
7 Day2.2%2.6%0.4%
30 Day22.7%-1.1%-1.3%
90 Day26.0%0.9%-0.5%
1 Year80.4%80.4%-6.7%-10.4%16.1%9.8%
3 Year36.5%35.3%16.3%4.1%36.1%17.9%
5 Year3.1%2.2%-12.2%-28.2%49.4%15.7%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

3.35x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: INK is overvalued based on its PB Ratio (3.3x) compared to the AU Oil and Gas industry average (1.3x).


Next Steps

Future Growth

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

7.5%

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 Indago 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 Indago Energy performed over the past 5 years?

-15.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: INK is unprofitable, and losses have increased over the past 5 years at a rate of -15% per year.

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

Earnings vs Industry: INK is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (68.1%).


Return on Equity

High ROE: INK has a negative Return on Equity (-48.04%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: INK is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: INK is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Indago Energy's financial position?


Financial Position Analysis

Short Term Liabilities: INK's short term assets (A$2.6M) exceeds its short term liabilities (A$328.0K)

Long Term Liabilities: INK's short term assets (2.6M) exceeds its long term liabilities (61.1K)


Debt to Equity History and Analysis

Debt Level: INK's debt to equity ratio (0.8%) is considered satisfactory

Reducing Debt: Insufficient data to determine if INK's debt to equity ratio has reduced over the past 5 years.


Balance Sheet

Inventory Level: INK has a low level of unsold assets or inventory.

Debt Coverage by Assets: INK's debt is covered by short term assets (assets are 45.269720x debt).


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

Forecast Cash Runway: INK has less than a year of cash runway if free cash flow continues to reduce at historical rates of -19.2% each year


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.4%markettop25%5.6%industryaverage4.5%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

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


Next Steps

Management

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

2.5yrs

Average board tenure


CEO

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


Board Age and Tenure

2.5yrs

Average Tenure

54yo

Average Age

Experienced Board: INK's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.


Insider Trading

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


Recent Insider Transactions

BuyAU$51,65817 Jul 19
Stirling McGregor
EntityIndividual
Shares1,476,000
Max PriceAU$0.035
BuyAU$3,50002 Jul 19
Spring Street Holdings Pty Ltd
EntityCompany
Shares100,000
Max PriceAU$0.035
BuyAU$38,43706 Mar 19
Stephen Mitchell
EntityIndividual
Role
Chairman of the Board
Executive Chairman
Shares972,500
Max PriceAU$0.04
BuyAU$7,37502 Jan 19
Stephen Mitchell
EntityIndividual
Role
Chairman of the Board
Executive Chairman
Shares177,500
Max PriceAU$0.042
BuyAU$25,29920 Dec 18
Stephen Mitchell
EntityIndividual
Role
Chairman of the Board
Executive Chairman
Shares549,987
Max PriceAU$0.046
BuyAU$5,58929 Oct 18
Stephen Mitchell
EntityIndividual
Role
Chairman of the Board
Executive Chairman
Shares100,000
Max PriceAU$0.056

Ownership Breakdown


Management Team

  • Stephen Mitchell

    Executive Chairman

    • Tenure: 3.7yrs
    • Compensation: AU$362.31k
  • John Zetzman

    Chief Operating Officer

    • Tenure: 3.7yrs
  • Julie Edwards

    Company Secretary & Financial Controller

    • Tenure: 0yrs
  • Nick Castellano

    Executive Director

    • Tenure: 2.5yrs
    • Compensation: AU$242.21k

Board Members

  • Andrew Seaton (54yo)

    Non-Executive Director

    • Tenure: 0.2yrs
  • Ray Shorrocks (61yo)

    Independent Non-Executive Director

    • Tenure: 3.8yrs
    • Compensation: AU$73.00k
  • Stephen Mitchell

    Executive Chairman

    • Tenure: 3.7yrs
    • Compensation: AU$362.31k
  • Jay Stewart

    Member of Advisory Board

    • Tenure: 0yrs
  • Craig Sceroler

    Member of Advisory Board

    • Tenure: 0yrs
  • Don Ellison

    Member of Advisory Board

    • Tenure: 0yrs
  • Allan Ritchie (53yo)

    Non-Executive Director

    • Tenure: 2.5yrs
    • Compensation: AU$90.00k
  • Nick Castellano

    Executive Director

    • Tenure: 2.5yrs
    • Compensation: AU$242.21k

Company Information

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


Key Information

  • Name: Indago Energy Limited
  • Ticker: INK
  • Exchange: ASX
  • Founded:
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: AU$26.233m
  • Shares outstanding: 282.08m
  • Website: https://www.indagoenergy.com

Location

  • Indago Energy Limited
  • 412 Collins Street
  • Level 6
  • Melbourne
  • Victoria
  • 3000
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
INKASX (Australian Securities Exchange)YesOrdinary SharesAUAUDApr 2006
PYMO.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDApr 2006
INKCHIA (Chi-X Australia)YesOrdinary SharesAUAUDApr 2006

Biography

Indago Energy Limited engages in evaluating, exploring, and developing oil and gas prospects, and technologies in North America and internationally. It offers clean oil technology that allows for the swift ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/21 10:33
End of Day Share Price2019/10/21 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.