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MEL

MetgascoASX:MEL Stock Report

Market Cap

AU$21.3m

7D

3.6%

1Y

11.5%

Updated

25 Oct, 2021

Data

Company Financials
MEL fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

MEL Overview

Metgasco Limited explores for and develops oil and gas properties in Australia.

Metgasco Competitors

Senex Energy

ASX:SXY

AU$840.7m

Carnarvon Petroleum

ASX:CVN

AU$516.6m

Cooper Energy

ASX:COE

AU$481.2m

Strike Energy

ASX:STX

AU$344.3m

Price History & Performance

Summary of all time highs, changes and price drops for Metgasco
Historical stock prices
Current Share PriceAU$0.029
52 Week HighAU$0.022
52 Week LowAU$0.039
Beta1.4
1 Month Change16.00%
3 Month Change26.09%
1 Year Change11.54%
3 Year Change-45.28%
5 Year Change-54.69%
Change since IPO-87.39%

Recent News & Updates

Shareholder Returns

MELAU Oil and GasAU Market
7D3.6%-4.1%0.6%
1Y11.5%41.3%21.3%

Return vs Industry: MEL underperformed the Australian Oil and Gas industry which returned 41.3% over the past year.

Return vs Market: MEL underperformed the Australian Market which returned 21.3% over the past year.

Price Volatility

Is MEL's price volatile compared to industry and market?
MEL volatility
MEL Beta1.4
Industry Beta1.29
Market Beta1

Stable Share Price: MEL is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: MEL's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1999n/aKen Aitkenhttps://www.metgasco.com.au

Metgasco Limited explores for and develops oil and gas properties in Australia. It also invests in and develops associated energy infrastructure. The company was incorporated in 1999 and is headquartered in West Perth, Australia.

Metgasco Fundamentals Summary

How do Metgasco's earnings and revenue compare to its market cap?
MEL fundamental statistics
Market CapAU$21.25m
Earnings (TTM)-AU$1.18m
Revenue (TTM)n/a

0x

P/S Ratio

-18.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MEL income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
ExpensesAU$1.18m
Earnings-AU$1.18m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0016
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did MEL perform over the long term?

See historical performance and comparison

Valuation

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

3.09x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: MEL is overvalued based on its PB Ratio (3.1x) compared to the AU Oil and Gas industry average (2.6x).


Future Growth

How is Metgasco 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 Metgasco 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 Metgasco performed over the past 5 years?

-55.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MEL is currently unprofitable.

Growing Profit Margin: MEL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MEL is unprofitable, and losses have increased over the past 5 years at a rate of 55.2% per year.

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

Earnings vs Industry: MEL 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: MEL has a negative Return on Equity (-17.13%), as it is currently unprofitable.


Financial Health

How is Metgasco's financial position?


Financial Position Analysis

Short Term Liabilities: MEL's short term assets (A$797.8K) exceed its short term liabilities (A$683.9K).

Long Term Liabilities: MEL has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: MEL is debt free.

Reducing Debt: MEL has not had any debt for past 5 years.


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

Forecast Cash Runway: MEL has less than a year of cash runway if free cash flow continues to reduce at historical rates of 18.8% each year


Dividend

What is Metgasco current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if MEL'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 MEL'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?

3.2yrs

Average board tenure


CEO

Ken Aitken

3.17yrs

Tenure

AU$333,176

Compensation

Mr. Ken J. Aitken, BSc, MICD, serves as Managing Director & Director at Metgasco Limited since July 23, 2021. Mr. Aitken has been the Chief Executive Officer at Empire Oil & Gas NL since May 5, 2014. He se...


CEO Compensation Analysis

Compensation vs Market: Ken's total compensation ($USD249.76K) is about average for companies of similar size in the Australian market ($USD302.38K).

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


Board Members

Experienced Board: MEL's board of directors are considered experienced (3.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: MEL 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 33.3%.


Top Shareholders

Company Information

Metgasco Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Metgasco Limited
  • Ticker: MEL
  • Exchange: ASX
  • Founded: 1999
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: AU$21.254m
  • Shares outstanding: 732.88m
  • Website: https://www.metgasco.com.au

Location

  • Metgasco Limited
  • 30 Richardson Street
  • Level 2
  • West Perth
  • Western Australia
  • 6005
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 16:47
End of Day Share Price2021/10/25 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.