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MAY

Melbana EnergyASX:MAY Stock Report

Market Cap

AU$69.5m

7D

4.0%

1Y

116.7%

Updated

20 Oct, 2021

Data

Company Financials
MAY fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

MAY Overview

Melbana Energy Limited operates as an independent oil and gas company in Cuba and Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Melbana Energy
Historical stock prices
Current Share PriceAU$0.026
52 Week HighAU$0.01
52 Week LowAU$0.038
Beta1.66
1 Month Change36.84%
3 Month Change8.34%
1 Year Change116.67%
3 Year Change52.95%
5 Year Change-13.33%
Change since IPO-90.37%

Recent News & Updates

Aug 02
We're Not Worried About Melbana Energy's (ASX:MAY) Cash Burn

We're Not Worried About Melbana Energy's (ASX:MAY) Cash Burn

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, Melbana Energy...

Shareholder Returns

MAYAU Oil and GasAU Market
7D4.0%0.2%1.7%
1Y116.7%48.7%20.2%

Return vs Industry: MAY exceeded the Australian Oil and Gas industry which returned 48.7% over the past year.

Return vs Market: MAY exceeded the Australian Market which returned 20.2% over the past year.

Price Volatility

Is MAY's price volatile compared to industry and market?
MAY volatility
MAY Beta1.66
Industry Beta1.28
Market Beta1

Stable Share Price: MAY is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: MAY's weekly volatility (12%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1994n/an/ahttps://www.melbana.com

Melbana Energy Limited operates as an independent oil and gas company in Cuba and Australia. The company holds interests in the Tassie Shoal Methanol and LNG project located in Australia. It also has interests in the Block 9 production sharing contract and the Santa Cruz incremental oil recovery project in Cuba, as well as WA-488-P located in the Bonaparte Gulf.

Melbana Energy Fundamentals Summary

How do Melbana Energy's earnings and revenue compare to its market cap?
MAY fundamental statistics
Market CapAU$69.51m
Earnings (TTM)-AU$1.27m
Revenue (TTM)AU$1.10m

63.4x

P/S Ratio

-55.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MAY income statement (TTM)
RevenueAU$1.10m
Cost of RevenueAU$0
Gross ProfitAU$1.10m
ExpensesAU$2.37m
Earnings-AU$1.27m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.00047
Gross Margin100.00%
Net Profit Margin-114.82%
Debt/Equity Ratio0.0%

How did MAY perform over the long term?

See historical performance and comparison

Valuation

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

9.81x

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 Australian 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 (9.8x) compared to the AU Oil and Gas industry average (2.5x).


Future Growth

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

8.1%

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.


Past Performance

How has Melbana Energy performed over the past 5 years?

35.1%

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 35.1% 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 (-50.5%).


Return on Equity

High ROE: MAY has a negative Return on Equity (-17.87%), as it is currently unprofitable.


Financial Health

How is Melbana Energy's financial position?


Financial Position Analysis

Short Term Liabilities: MAY's short term assets (A$10.9M) exceed its short term liabilities (A$8.5M).

Long Term Liabilities: MAY's short term assets (A$10.9M) exceed its long term liabilities (A$40.0).


Debt to Equity History and Analysis

Debt Level: MAY is debt free.

Reducing Debt: MAY 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: MAY has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: MAY has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 8.7% each year


Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate MAY'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 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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.7yrs

Average management tenure


CEO

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


Leadership Team

Experienced Management: MAY's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Members

Experienced Board: MAY's board of directors are considered experienced (5.9 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 15.4%.


Top Shareholders

Company Information

Melbana Energy Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Melbana Energy Limited
  • Ticker: MAY
  • Exchange: ASX
  • Founded: 1994
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: AU$69.506m
  • Shares outstanding: 2.67b
  • Website: https://www.melbana.com

Number of Employees


Location

  • Melbana Energy Limited
  • 9 Hunter Street
  • Level 15
  • Sydney
  • New South Wales
  • 2000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/20 07:04
End of Day Share Price2021/10/20 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.