ASX:MEY

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Executive Summary

Marenica Energy Limited engages in the exploration and evaluation of uranium deposits in Namibia. More Details


Snowflake Analysis

Adequate balance sheet with weak fundamentals.


Similar Companies

Share Price & News

How has Marenica Energy's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MEY has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-3.3%

MEY

-4.3%

AU Oil and Gas

-2.4%

AU Market


1 Year Return

-6.3%

MEY

-40.6%

AU Oil and Gas

-8.3%

AU Market

Return vs Industry: MEY exceeded the Australian Oil and Gas industry which returned -40.6% over the past year.

Return vs Market: MEY exceeded the Australian Market which returned -8.3% over the past year.


Shareholder returns

MEYIndustryMarket
7 Day-3.3%-4.3%-2.4%
30 Day17.1%-2.9%1.8%
90 Day14.1%-9.1%1.7%
1 Year-6.3%-6.3%-38.2%-40.6%-5.0%-8.3%
3 Year-11.0%-11.0%-28.3%-35.8%14.6%-0.08%
5 Year-25.8%-25.8%-21.5%-33.6%41.6%12.1%

Price Volatility Vs. Market

How volatile is Marenica Energy's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

3.25x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: MEY is overvalued based on its PB Ratio (3.3x) compared to the AU Oil and Gas industry average (1.5x).


Next Steps

Future Growth

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

51.7%

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 Marenica 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.


Next Steps

Past Performance

How has Marenica Energy performed over the past 5 years?

-1.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MEY is currently unprofitable.

Growing Profit Margin: MEY is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MEY is unprofitable, and losses have increased over the past 5 years at a rate of 1% per year.

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

Earnings vs Industry: MEY is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-44.9%).


Return on Equity

High ROE: MEY has a negative Return on Equity (-42.27%), as it is currently unprofitable.


Next Steps

Financial Health

How is Marenica Energy's financial position?


Financial Position Analysis

Short Term Liabilities: MEY's short term assets (A$1.1M) exceed its short term liabilities (A$353.8K).

Long Term Liabilities: MEY's short term assets (A$1.1M) exceed its long term liabilities (A$81.2K).


Debt to Equity History and Analysis

Debt Level: MEY is debt free.

Reducing Debt: MEY currently has no debt however we can't compare to 5 years ago as we have no data for that period.


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

Forecast Cash Runway: MEY has less than a year of cash runway if free cash flow continues to reduce at historical rates of 10.7% each year


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

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

1.0yrs

Average management tenure


CEO

Murray Hill

8.42yrs

Tenure

AU$365,395

Compensation

Mr. Murray Philip Hill, B.Sc. (Metallurgy), FAusIMM has been Managing Director of Marenica Energy Ltd since May 2, 2016 and has been its Chief Executive Officer since May 1, 2012. He has been a Director at ...


CEO Compensation Analysis

Compensation vs Market: Murray's total compensation ($USD258.10K) is about average for companies of similar size in the Australian market ($USD279.08K).

Compensation vs Earnings: Murray's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Murray Hill
MD, CEO & Director8.42yrsAU$365.40k2.76%
A$ 352.8k
Shane McBride
CFO & Company Secretary3.42yrsAU$311.61k0.59%
A$ 75.9k
Jessica Bezuidenhout
General Manager of Namibia1yrno datano data
Berti Roesener
Consulting Exploration Manager of Namibia1yrno datano data
David Princep
Consulting Geologist1yrno datano data

1.0yrs

Average Tenure

Experienced Management: MEY's management team is not considered experienced ( 1 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Murray Hill
MD, CEO & Director8.42yrsAU$365.40k2.76%
A$ 352.8k
Andrew Bantock
Independent Non-Executive Chairman2.58yrsAU$65.80k0.60%
A$ 76.4k
Feng Chen
Non-Executive Director8.92yrsAU$54.55k1.85%
A$ 235.6k

4.4yrs

Average Tenure

Experienced Board: MEY's board of directors are considered experienced (4.4 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: MEY 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 substantially diluted in the past year, with total shares outstanding growing by 60.7%.


Top Shareholders

Company Information

Marenica Energy Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Marenica Energy Limited
  • Ticker: MEY
  • Exchange: ASX
  • Founded: 1978
  • Industry: Coal and Consumable Fuels
  • Sector: Energy
  • Market Cap: AU$12.760m
  • Shares outstanding: 143.37m
  • Website: https://marenicaenergy.com.au

Location

  • Marenica Energy Limited
  • Office C1
  • 1139 Hay Street
  • West Perth
  • Western Australia
  • 6005
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MEYASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJan 1992
WTTDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
MARX.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
MEYNMSE (Namibian Stock Exchange)YesOrdinary SharesNAZARJan 1992
MEYCHIA (Chi-X Australia)YesOrdinary SharesAUAUDJan 1992

Biography

Marenica Energy Limited engages in the exploration and evaluation of uranium deposits in Namibia. The company holds 75% interest in the Marenica uranium project covering an area of 321 square kilometers; a ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/29 10:35
End of Day Share Price2020/10/29 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


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.