Metgasco Limited explores for and develops oil and gas properties in Australia.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.029|
|52 Week High||AU$0.022|
|52 Week Low||AU$0.039|
|1 Month Change||16.00%|
|3 Month Change||26.09%|
|1 Year Change||11.54%|
|3 Year Change||-45.28%|
|5 Year Change||-54.69%|
|Change since IPO||-87.39%|
Recent News & Updates
|MEL||AU Oil and Gas||AU Market|
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.
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
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
|MEL fundamental statistics|
Is MEL overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MEL income statement (TTM)|
|Cost of Revenue||AU$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.0016|
|Net Profit Margin||0.00%|
How did MEL perform over the long term?See historical performance and comparison
Is Metgasco 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 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).
How is Metgasco 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 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.
How has Metgasco performed over the past 5 years?
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.
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$683.9K).
Long Term Liabilities: MEL has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: MEL is debt free.
Reducing Debt: MEL has not had any debt for past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: MEL has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: MEL has less than a year of cash runway if free cash flow continues to reduce at historical rates of 18.8% each year
What is Metgasco current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MEL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MEL's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MEL's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MEL's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MEL's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Mr. Ken J. Aitken, BSc, MICD, serves as Managing Director & Director at Metgasco Limited since July 23, 2021. Mr. Aitken has been the Chief Executive Officer at Empire Oil & Gas NL since May 5, 2014. He se...
CEO Compensation Analysis
Compensation vs Market: Ken's total compensation ($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.
Experienced Board: MEL's board of directors are considered experienced (3.2 years average tenure).
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 33.3%.
Metgasco Limited's employee growth, exchange listings and data sources
- 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
- Metgasco Limited
- 30 Richardson Street
- Level 2
- West Perth
- Western Australia
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/25 16:47|
|End of Day Share Price||2021/10/25 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.