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Metgasco

ASX:MEL
Snowflake Description

Flawless balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MEL
ASX
A$18M
Market Cap
  1. Home
  2. AU
  3. Energy
Company description

Metgasco Limited engages in the exploration, evaluation, appraisal, and development of oil and gas in Australia. The last earnings update was 48 days ago. More info.


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MEL Share Price and Events
7 Day Returns
2.2%
ASX:MEL
0.2%
AU Oil and Gas
0.3%
AU Market
1 Year Returns
-16.1%
ASX:MEL
3.4%
AU Oil and Gas
5.2%
AU Market
MEL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Metgasco (MEL) 2.2% 0% -7.8% -16.1% -19% -42.7%
AU Oil and Gas 0.2% -3.5% 5.1% 3.4% 35% -32.6%
AU Market 0.3% 1% 7.2% 5.2% 19.2% 4.9%
1 Year Return vs Industry and Market
  • MEL underperformed the Oil and Gas industry which returned 3.4% over the past year.
  • MEL underperformed the Market in Australia which returned 5.2% over the past year.
Price Volatility
MEL
Industry
5yr Volatility vs Market

MEL Value

 Is Metgasco 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
  • It is not possible to calculate the future cash flow value for Metgasco. This is due to cash flow or dividend data being unavailable. The share price is A$0.047.
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 Metgasco's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Metgasco's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:MEL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$-0.02
ASX:MEL Share Price ** ASX (2019-04-17) in AUD A$0.05
Australia Oil and Gas Industry PE Ratio Median Figure of 23 Publicly-Listed Oil and Gas Companies 7.88x
Australia Market PE Ratio Median Figure of 544 Publicly-Listed Companies 16.05x

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

** Primary Listing of Metgasco.

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

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

= 0.05 ÷ -0.02

-2.16x

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

  • Metgasco is loss making, we can't compare its value to the AU Oil and Gas industry average.
  • Metgasco is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does Metgasco's expected growth come at a high price?
Raw Data
ASX:MEL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.16x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
59.2%per year
Australia Oil and Gas Industry PEG Ratio Median Figure of 17 Publicly-Listed Oil and Gas Companies 0.25x
Australia Market PEG Ratio Median Figure of 361 Publicly-Listed Companies 1.36x

*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 Metgasco, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Metgasco's assets?
Raw Data
ASX:MEL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$0.05
ASX:MEL Share Price * ASX (2019-04-17) in AUD A$0.05
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 1.69x
ASX:MEL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.05 ÷ 0.05

0.9x

* Primary Listing of Metgasco.

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

  • Metgasco is good value based on assets compared to the AU Oil and Gas industry average.
X
Value checks
We assess Metgasco'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. Metgasco has a total score of 1/6, 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.

MEL Future Performance

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

  • No analysts cover Metgasco, future earnings growth has been estimated based on fundamentals.
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
59.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Metgasco expected to grow at an attractive rate?
  • Metgasco's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Metgasco's earnings growth is expected to exceed the Australia market average.
  • Unable to compare Metgasco's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:MEL Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:MEL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 59.2%
Australia Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 4.6%
Australia Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.8%
Australia Market Earnings Growth Rate Market Cap Weighted Average 6.6%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.2%

*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:MEL 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:MEL Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 1 -1 -8
2018-09-30 1 0 -4
2018-06-30 1 0 1
2018-03-31 1 0 1
2017-12-31 1 0 0
2017-09-30 1 0 0
2017-06-30 1 0 -1
2017-03-31 1 -13 -1
2016-12-31 1 -27 -1
2016-09-30 1 -14 11
2016-06-30 1 -2 23
2016-03-31 1 10 22

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Metgasco's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Metgasco 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:MEL 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 Metgasco Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:MEL Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 -0.02
2018-09-30 -0.01
2018-06-30 0.00
2018-03-31 0.00
2017-12-31 0.00
2017-09-30 0.00
2017-06-30 0.00
2017-03-31 0.00
2016-12-31 0.00
2016-09-30 0.03
2016-06-30 0.05
2016-03-31 0.06

*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 Metgasco will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Metgasco'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.
Metgasco has a total score of 3/6, 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.

MEL Past Performance

  How has Metgasco 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 Metgasco'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.
  • Metgasco does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Metgasco's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Metgasco's 1-year growth to the AU Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Metgasco'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 Metgasco Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:MEL 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 1.02 -8.40 1.32
2018-09-30 1.02 -3.69 1.32
2018-06-30 1.02 1.02 1.31
2018-03-31 0.92 0.61 1.30
2017-12-31 0.83 0.20 1.28
2017-09-30 0.83 -0.43 1.41
2017-06-30 0.83 -1.05 1.53
2017-03-31 0.80 -0.86 1.56
2016-12-31 0.77 -0.66 1.59
2016-09-30 0.78 11.20 2.07
2016-06-30 0.78 23.05 2.55
2016-03-31 0.53 22.29 2.89
2015-12-31 0.27 21.52 3.23
2015-09-30 0.30 8.83 3.47
2015-06-30 0.32 -3.87 3.71
2015-03-31 0.45 -44.78 4.06
2014-12-31 0.57 -85.69 4.40
2014-09-30 0.56 -85.80 4.15
2014-06-30 0.55 -85.92 3.91
2014-03-31 0.73 -46.82 3.61
2013-12-31 0.91 -7.73 3.32
2013-09-30 0.90 -7.47 3.52
2013-06-30 0.88 -7.21 3.72
2013-03-31 0.91 -5.61 3.98
2012-12-31 0.95 -4.02 4.24
2012-09-30 0.95 -4.58 4.86
2012-06-30 0.95 -5.14 5.48

*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 Metgasco has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Metgasco has efficiently used its assets last year compared to the AU Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Metgasco improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Metgasco'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.
Metgasco has a total score of 0/6, 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.

MEL Health

 How is Metgasco'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 Metgasco's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Metgasco is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Metgasco's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Metgasco'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.
  • Low level of unsold assets.
  • Metgasco has no debt, it does not need to be 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 Metgasco Company Filings, last reported 3 months ago.

ASX:MEL Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 20.48 0.00 7.78
2018-09-30 20.48 0.00 7.78
2018-06-30 29.21 0.00 8.89
2018-03-31 29.21 0.00 8.89
2017-12-31 26.13 0.00 8.00
2017-09-30 26.13 0.00 8.00
2017-06-30 17.72 0.00 10.20
2017-03-31 17.72 0.00 10.20
2016-12-31 18.35 0.00 18.13
2016-09-30 18.35 0.00 18.13
2016-06-30 28.74 0.00 28.65
2016-03-31 28.74 0.00 28.65
2015-12-31 31.55 0.00 31.59
2015-09-30 31.55 0.00 31.59
2015-06-30 8.22 0.02 7.66
2015-03-31 8.22 0.02 7.66
2014-12-31 9.91 0.02 9.03
2014-09-30 9.91 0.02 9.03
2014-06-30 12.05 0.03 11.48
2014-03-31 12.05 0.03 11.48
2013-12-31 95.40 0.06 14.37
2013-09-30 95.40 0.06 14.37
2013-06-30 97.49 0.12 20.86
2013-03-31 97.49 0.12 20.86
2012-12-31 102.92 0.23 27.61
2012-09-30 102.92 0.23 27.61
2012-06-30 84.50 0.27 12.22
  • Metgasco has no debt.
  • Metgasco has no debt compared to 5 years ago when it was 0.1%.
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.

  • Metgasco has sufficient cash runway for 2.1 years based on current free cash flow.
  • Metgasco has sufficient cash runway for 1.9 years if free cash flow continues to grow at historical rates of 28.9% each year.
X
Financial health checks
We assess Metgasco'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. Metgasco has a total score of 6/6, 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.

MEL Dividends

 What is Metgasco'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 Metgasco dividends.
If you bought A$2,000 of Metgasco 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 Metgasco's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Metgasco'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:MEL 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 2.6%
Australia Top 25% Dividend Yield 75th Percentile 5.7%

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 Metgasco has not reported any payouts.
  • Unable to verify if Metgasco's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Metgasco's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Metgasco 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 Metgasco'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 Metgasco afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Metgasco 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.

MEL Management

 What is the CEO of Metgasco'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
Ken Aitken
CEO Bio

Mr. Ken J. Aitken, BSc, MICD has been the Chief Executive Officer at Empire Oil & Gas NL since May 5, 2014. Mr. Aitken was an Executive Director of Metgasco Ltd. since September 4, 2018 until November 27, 2018 and its CEO since 2018 and served as its Part Time Chief Executive Officer until 2018. He served as an Engineering and Operations Manager at New Standard Energy Limited since July 16, 2012, where he was responsible for managing all operated asset activities with joint venture partners Conoco Phillips and Petrochina. He also serves as Project Manager for the Goldwyer operations at New Standard Energy Ltd and is responsible for the engineering and operations planning for the emerging Merlinleigh Project. He has more than 27 years' experience in onshore and offshore hydrocarbon exploration and production, both in Australia and overseas. Mr. Aitken has in-depth knowledge of WA's oil and gas industry, and in particular the Perth Basin which hosts Empire's assets, as well as extensive international experience gained as a Senior Executive with Amerada Hess and Enterprise Oil in Norway, the UK and Indonesia. He has held senior roles with Apache and New Standard Energy. Mr. Aitken served as WA Business Unit Manager/Asset Manager with Origin Energy for a total of seven years, during which he managed production of approximately three million barrels of oil and 20PJ of gas. From 2003 to 2005, he was employed by Mitsui Exploration and Production Australia as Development and Production Asset Manager. Mr. Aitken has held several international positions including Reservoir Development Manager with Amerada Hess in Aberdeen Scotland. He also served as Technical and Asset Manager with Hess based in Oslo Norway and as the Senior Petroleum Engineer for Enterprise Oil, based in Aberdeen. He holds a BSc in Mechanical Engineering from Heriot-Watt University and he is a member of the Institute of Company Directors.

CEO Compensation
  • Insufficient data for Ken to compare compensation growth.
  • Insufficient data for Ken to establish whether their remuneration is reasonable compared to companies of similar size in Australia.
Management Team

Ken Aitken

TITLE
Chief Executive Officer

Mark Langan

TITLE
CFO & Company Secretary
Board of Directors Tenure

Average tenure of the Metgasco board of directors in years:

1.2
Average Tenure
  • The average tenure for the Metgasco board of directors is less than 3 years, this suggests a new board.
Board of Directors

Philip Amery

TITLE
Chairman
COMPENSATION
A$121K
TENURE
0.7 yrs

John Patton

TITLE
Non-Executive Director
COMPENSATION
A$50K
TENURE
2.6 yrs

Rob Willink

TITLE
Independent Non-Executive Director
COMPENSATION
A$44K
AGE
65
TENURE
1.2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Metgasco insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
11. Feb 19 Buy Philip Amery Individual 07. Feb 19 11. Feb 19 50,000 A$0.05 A$2,626
07. Nov 18 Buy Philip Amery Individual 07. Nov 18 07. Nov 18 100,000 A$0.05 A$5,300
02. Nov 18 Buy Philip Amery Individual 01. Nov 18 02. Nov 18 71,948 A$0.05 A$3,740
15. Oct 18 Buy Philip Amery Individual 16. Oct 18 16. Oct 18 15,000 A$0.06 A$855
10. Oct 18 Buy Ken Aitken Individual 26. Sep 18 26. Sep 18 51,079 A$0.07 A$3,627
07. Oct 18 Buy Philip Amery Individual 05. Oct 18 05. Oct 18 100,000 A$0.07 A$7,500
26. Sep 18 Buy Philip Amery Individual 24. Sep 18 26. Sep 18 100,000 A$0.07 A$7,256
26. Sep 18 Buy Ken Aitken Individual 26. Sep 18 26. Sep 18 109,589 A$0.07 A$8,000
04. Sep 18 Buy Philip Amery Individual 04. Sep 18 04. Sep 18 100,000 A$0.06 A$5,800
10. Jul 18 Buy Philip Amery Individual 09. Jul 18 10. Jul 18 31,555 A$0.06 A$1,862
06. Jul 18 Buy Robbert Willink Individual 06. Jul 18 06. Jul 18 1,282,701 A$0.06 A$75,652
03. Jul 18 Buy Philip Amery Individual 03. Jul 18 03. Jul 18 200,000 A$0.06 A$12,086
29. Jun 18 Buy Philip Amery Individual 29. Jun 18 29. Jun 18 50,000 A$0.06 A$2,950
25. Jun 18 Buy Philip Amery Individual 21. Jun 18 21. Jun 18 63,462 A$0.05 A$3,427
X
Management checks
We assess Metgasco'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. Metgasco 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.

MEL News

Simply Wall St News

Did Changing Sentiment Drive Metgasco's (ASX:MEL) Share Price Down By 50%?

It seems likely some shareholders believe that Metgasco will discover or develop fossil fuel before too long. … While that's nothing to panic about, there is some possibility the company will raise more capital, especially if profits are not imminent. … We'd venture that shareholders are concerned about the need for more capital, because the share price has dropped 13% per year, over 5 years.

Simply Wall St -

Metgasco Limited (ASX:MEL) Insiders Increased Their Holdings

So we'll take a look at whether insiders have been buying or selling shares in Metgasco Limited (ASX:MEL). … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … In the last twelve months there was more buying than selling by Metgasco insiders

Simply Wall St -

Is Metgasco Limited (ASX:MEL) A Financially Sound Company?

However, the trade-off is MEL will have to follow strict debt obligations which will reduce its financial flexibility. … Does MEL's growth rate justify its decision for financial flexibility over lower cost of capital … Debt capital generally has lower cost of capital compared to equity funding.

Simply Wall St -

Before You Buy Metgasco Limited (ASX:MEL), Consider Its Volatility

If you're interested in Metgasco Limited (ASX:MEL), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact 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).

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What Percentage Of Metgasco Limited (ASX:MEL) Shares Do Insiders Own?

Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … institutions own shares in the company … View our latest analysis for Metgasco

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What You Must Know About Metgasco Limited's (ASX:MEL) Financial Strength

The direct benefit for Metgasco Limited (ASX:MEL), which sports a zero-debt capital structure, to include debt in its capital structure is the reduced cost of capital. … Is financial flexibility worth the lower cost of capital. … Debt capital generally has lower cost of capital compared to equity funding

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Is Metgasco Limited's (ASX:MEL) PE Ratio A Signal To Sell For Investors?

The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … and want to better understand how you can grow your money by investing in Metgasco Limited (ASX:MEL). … Metgasco Limited (ASX:MEL) trades with a trailing P/E of 102.4x, which is higher than the industry average of 10.6x.

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Metgasco Limited (ASX:MEL): How Does It Impact Your Portfolio?

A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … See our latest analysis for Metgasco An interpretation of MEL's beta Metgasco has a beta of 2.41, which means that the percentage change in its stock value will be higher than the entire market in times of booms and busts. … A high level of beta means investors face higher risk associated with potential gains and losses driven by market movements.

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Should You Be Concerned About Metgasco Limited's (ASX:MEL) Investors?

Insider Ownership Another important group of shareholders are company insiders. … With this size of ownership, retail investors can collectively play a role in major company policies that affect shareholders returns, including executive remuneration and the appointment of directors. … As a result, potential investors should further explore the company's business relations with these companies and find out if they can affect shareholder returns in the long-term.Next Steps: The company's high institutional ownership makes margin of safety a very important consideration to existing investors since long bull and bear trends often emerge when these big-ticket investors see a change in long-term potential of the company.

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With An ROE Of 0.77%, Has Metgasco Limited's (ASX:MEL) Management Done Well?

Check out our latest analysis for Metgasco Breaking down Return on Equity Return on Equity (ROE) weighs Metgasco’s profit against the level of its shareholders’ equity. … Return on Equity = Net Profit ÷ Shareholders Equity ROE is measured against cost of equity in order to determine the efficiency of Metgasco’s equity capital deployed. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity ASX:MEL Last Perf Mar 29th 18 The first component is profit margin, which measures how much of sales is retained after the company pays for all its expenses.

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MEL Company Info

Description

Metgasco Limited engages in the exploration, evaluation, appraisal, and development of oil and gas in Australia. It is also involved in the investment in and development of associated energy infrastructure. The company was incorporated in 1999 and is headquartered in North Sydney, Australia.

Details
Name: Metgasco Limited
MEL
Exchange: ASX
Founded: 1999
A$18,358,267
390,601,434
Website: http://www.metgasco.com.au
Address: Metgasco Limited
2 Elizabeth Plaza,
Level 3,
North Sydney,
New South Wales, 2060,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX MEL Ordinary Shares Australian Securities Exchange AU AUD 23. Dec 2004
OTCPK MGSC.F Ordinary Shares Pink Sheets LLC US USD 23. Dec 2004
CHIA MEL Ordinary Shares Chi-X Australia AU AUD 23. Dec 2004
Number of employees
Current staff
Staff numbers
0
Metgasco employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 10:33
End of day share price update: 2019/04/17 00:00
Last earnings filing: 2019/03/01
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.