Melbana Energy Limited engages in the oil and gas exploration activities in Cuba and Australia.
Excellent balance sheet with weak fundamentals.
Share Price & News
How has Melbana Energy's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MAY has not had significant price volatility in the past 3 months.
7 Day Return
AU Oil and Gas
1 Year Return
AU Oil and Gas
Return vs Industry: MAY underperformed the Australian Oil and Gas industry which returned -14.1% over the past year.
Return vs Market: MAY underperformed the Australian Market which returned 10.9% over the past year.
Price Volatility Vs. Market
How volatile is Melbana Energy's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall StWe're Keeping An Eye On Melbana Energy's (ASX:MAY) Cash Burn Rate
8 months ago | Simply Wall StDid You Manage To Avoid Melbana Energy's (ASX:MAY) Painful 56% Share Price Drop?
1 year ago | Simply Wall StCan You Imagine How Melbana Energy's Shareholders Feel About The 89% Share Price Increase?
Is Melbana Energy undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate MAY's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate MAY's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: MAY is unprofitable, so we can't compare its PE Ratio to the Oil and Gas industry average.
PE vs Market: MAY 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 MAY's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MAY is overvalued based on its PB Ratio (2.2x) compared to the AU Oil and Gas industry average (1.1x).
How is Melbana Energy forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 Melbana 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.
- Examine Melbana Energy's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Melbana Energy competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Energy industry.
How has Melbana Energy performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MAY is currently unprofitable.
Growing Profit Margin: MAY is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: MAY is unprofitable, but has reduced losses over the past 5 years at a rate of 69.4% per year.
Accelerating Growth: Unable to compare MAY's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: MAY is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-0.7%).
Return on Equity
High ROE: MAY has a negative Return on Equity (-42.76%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
How is Melbana Energy's financial position?
Financial Position Analysis
Short Term Liabilities: MAY's short term assets (A$3.5M) exceed its short term liabilities (A$572.7K).
Long Term Liabilities: MAY has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: MAY is debt free.
Reducing Debt: MAY had no debt 5 years ago.
Inventory Level: MAY has a high level of physical assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if MAY'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: MAY has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if MAY has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
What is Melbana Energy's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate MAY's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate MAY'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 MAY's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MAY'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 MAY's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Melbana Energy has no CEO, or we have no data on them.
|Executive Chairman of the Board||4.3yrs||AU$100.00k||15.92% A$3.3m|
|Non-Executive Technical Director & Director||2.1yrs||AU$81.87k||0.72% A$149.4k|
|Non-Executive Director||4.6yrs||AU$75.00k||0.23% A$48.6k|
Experienced Board: MAY's board of directors are considered experienced (4.3 years average tenure).
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.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 23%.
Melbana Energy Limited's company bio, employee growth, exchange listings and data sources
- Name: Melbana Energy Limited
- Ticker: MAY
- Exchange: ASX
- Founded: 1994
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Market Cap: AU$20.852m
- Shares outstanding: 2.32b
- Website: https://www.melbana.com
Number of Employees
- Melbana Energy Limited
- 350 Collins Street
- Level 3
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MAY||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Mar 1998|
|MEOA.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Mar 1998|
|MU9A||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Mar 1998|
|MAY||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||Mar 1998|
Melbana Energy Limited engages in the oil and gas exploration activities in Cuba and Australia. It primarily holds interests in the Tassie Shoal Methanol project and Timor Sea LNG project located in Australia. The company was formerly known as MEO Australia Limited and changed its name to Melbana Energy Limited in November 2016. Melbana Energy Limited was incorporated in 1994 and is based in Melbourne, Australia.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/26 10:35|
|End of Day Share Price||2020/02/26 00:00|
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.