Metgasco Limited engages in the exploration, evaluation, appraisal, and development of oil and gas in Australia.
+ 1 more risk
Excellent balance sheet and overvalued.
Share Price & News
How has Metgasco's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MEL's share price has been volatile over the past 3 months.
7 Day Return
AU Oil and Gas
1 Year Return
AU Oil and Gas
Return vs Industry: MEL underperformed the Australian Oil and Gas industry which returned -14.1% over the past year.
Return vs Market: MEL underperformed the Australian Market which returned 10.9% over the past year.
Price Volatility Vs. Market
How volatile is Metgasco's share price compared to the market and industry in the last 5 years?
Simply Wall St News
8 months ago | Simply Wall StCan We See Significant Insider Ownership On The Metgasco Limited (ASX:MEL) Share Register?
9 months ago | Simply Wall StDoes The Metgasco Limited (ASX:MEL) Share Price Fall With The Market?
10 months ago | Simply Wall StDid Changing Sentiment Drive Metgasco's (ASX:MEL) Share Price Down By 50%?
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 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 good value based on its PB Ratio (1.1x) compared to the AU Oil and Gas industry average (1.1x).
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.
- Examine Metgasco'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.
- Metgasco competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Energy industry.
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, but has reduced losses over the past 5 years at a rate of 51.8% 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 (-0.7%).
Return on Equity
High ROE: MEL has a negative Return on Equity (-95.71%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
How is Metgasco's financial position?
Financial Position Analysis
Short Term Liabilities: MEL's short term assets (A$7.8M) exceed its short term liabilities (A$1.9M).
Long Term Liabilities: MEL's short term assets (A$7.8M) exceed its long term liabilities (A$21.6K).
Debt to Equity History and Analysis
Debt Level: MEL is debt free.
Reducing Debt: MEL has no debt compared to 5 years ago when its debt to equity ratio was 0.1%.
Inventory Level: MEL has a low level of unsold assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if MEL'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: MEL has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: MEL has sufficient cash runway for 1.6 years if free cash flow continues to grow at historical rates of 9.9% each year.
What is Metgasco's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate MEL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate MEL'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 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
Ken Aitken 0
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, ...
CEO Compensation Analysis
Compensation vs Market: Ken's total compensation ($USD152.76K) is below average for companies of similar size in the Australian market ($USD250.90K).
Compensation vs Earnings: Insufficient data to compare Ken's compensation with company performance.
|Independent Non-Executive Director||2yrs||AU$62.33k||0.89% A$139.3k|
|Non-Executive Director||3.4yrs||AU$50.00k||0.14% A$22.0k|
|Independent Non-Executive Chairman||1.5yrs||AU$58.33k||1.41% A$220.0k|
Experienced Board: MEL's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Metgasco Limited's company bio, 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$15.624m
- Shares outstanding: 390.60m
- Website: https://www.metgasco.com.au
- Metgasco Limited
- 30 Richardson Street
- Level 2
- West Perth
- Western Australia
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MEL||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Dec 2004|
|MEL||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||Dec 2004|
Metgasco Limited engages in the exploration, evaluation, appraisal, and development of oil and gas in Australia. It also invests in and develops associated energy infrastructure. The company was incorporated in 1999 and is headquartered in West Perth, Australia.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/26 10:34|
|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.