ASX:IVZ

Stock Analysis Report

Executive Summary

Invictus Energy Limited, as an independent oil and gas exploration company, focuses on the energy resources in sub-Saharan Africa.

Snowflake

Excellent balance sheet with poor track record.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

6.9%

IVZ

-1.1%

AU Oil and Gas

-1.0%

AU Market


1 Year Return

-27.9%

IVZ

5.7%

AU Oil and Gas

16.2%

AU Market

Return vs Industry: IVZ underperformed the Australian Oil and Gas industry which returned 5.7% over the past year.

Return vs Market: IVZ underperformed the Australian Market which returned 16.2% over the past year.


Shareholder returns

IVZIndustryMarket
7 Day6.9%-1.1%-1.0%
30 Day-3.1%2.3%-0.2%
90 Day-13.9%4.7%2.2%
1 Year-27.9%-27.9%10.2%5.7%21.9%16.2%
3 Year10.7%10.7%17.5%5.3%36.3%17.7%
5 Year-81.1%-83.7%-6.3%-23.0%52.7%18.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

1.55x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: IVZ is overvalued based on its PB Ratio (1.5x) compared to the AU Oil and Gas industry average (1.4x).


Next Steps

Future Growth

How is Invictus 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 Invictus 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 Invictus Energy performed over the past 5 years?

52.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IVZ has high quality earnings.

Growing Profit Margin: IVZ is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: IVZ is unprofitable, but has reduced losses over the past 5 years at a rate of 52.1% per year.

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

Earnings vs Industry: IVZ 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: IVZ has a negative Return on Equity (-11.3%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Invictus Energy's financial position?


Financial Position Analysis

Short Term Liabilities: IVZ's short term assets (A$2.3M) exceeds its short term liabilities (A$502.9K)

Long Term Liabilities: IVZ has no long term liabilities


Debt to Equity History and Analysis

Debt Level: IVZ is debt free.

Reducing Debt: IVZ has no debt compared to 5 years ago when its debt to equity ratio was 315.4%.


Balance Sheet

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

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

Forecast Cash Runway: IVZ has less than a year of cash runway if free cash flow continues to grow at historical rates of 12.5% each year.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.4%markettop25%5.6%industryaverage4.4%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

Growing Dividend: Insufficient data to determine if IVZ'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 IVZ'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 Invictus Energy's salary, the management and board of directors tenure and is there insider trading?

1.9yrs

Average board tenure


CEO

Scott Macmillan 0

1.4yrs

Tenure

AU$297,514

Compensation

Mr. Scott Macmillan serves as Managing Director and Director at Invictus Energy Limited since 21 June 2018. Mr Macmillan is a Reservoir Engineer and founder of Invictus Energy Resources. He has a Bachelor  ...


CEO Compensation Analysis

Compensation vs Market: Scott's total compensation ($USD202.02K) is about average for companies of similar size in the Australian market ($USD255.42K).

Compensation vs Earnings: Scott's compensation has increased whilst the company is unprofitable.


Board Age and Tenure

1.9yrs

Average Tenure

Experienced Board: IVZ's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: IVZ insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyAU$18,95004 Sep 19
Stuart Lake
EntityIndividual
Role
Chairman of the Board
Non-Executive Chairman
Shares500,000
Max PriceAU$0.038

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 172.9%.


Management Team

  • Gabriel Chiappini

    Company Secretary & Non-Executive Director

    • Tenure: 4.3yrs
    • Compensation: AU$58.50k
  • Scott Macmillan

    MD & Director

    • Tenure: 1.4yrs
    • Compensation: AU$297.51k

Board Members

  • Gabriel Chiappini

    Company Secretary & Non-Executive Director

    • Tenure: 4.3yrs
    • Compensation: AU$58.50k
  • Barnaby Egerton-Warburton (49yo)

    Non-Executive Director

    • Tenure: 3.3yrs
    • Compensation: AU$60.00k
  • Eric de Mori

    Non-Executive Director

    • Tenure: 1.9yrs
    • Compensation: AU$60.00k
  • Stuart Lake

    Non-Executive Chairman

    • Tenure: 0.3yrs
  • Scott Macmillan

    MD & Director

    • Tenure: 1.4yrs
    • Compensation: AU$297.51k

Company Information

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


Key Information

  • Name: Invictus Energy Limited
  • Ticker: IVZ
  • Exchange: ASX
  • Founded: 2011
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: AU$11.745m
  • Shares outstanding: 391.50m
  • Website: https://www.invictusenergy.com

Location

  • Invictus Energy Limited
  • 24 Outram Street
  • West Perth
  • Western Australia
  • 6005
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IVZASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJan 2012
IVZCHIA (Chi-X Australia)YesOrdinary SharesAUAUDJan 2012

Biography

Invictus Energy Limited, as an independent oil and gas exploration company, focuses on the energy resources in sub-Saharan Africa. It holds 80% interest in the SG 4571 Permit within Cabora Bassa Project th ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/22 10:35
End of Day Share Price2019/11/21 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.