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NWE

Norwest EnergyASX:NWE Stock Report

Market Cap

AU$148.9m

7D

-3.7%

1Y

550.0%

Updated

15 Oct, 2021

Data

Company Financials
NWE fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

NWE Overview

Norwest Energy NL engages in the exploration of hydrocarbon resources in Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Norwest Energy
Historical stock prices
Current Share PriceAU$0.026
52 Week HighAU$0.003
52 Week LowAU$0.034
Beta0.56
1 Month Change36.84%
3 Month Change116.67%
1 Year Change550.00%
3 Year Change940.00%
5 Year Change766.67%
Change since IPO-79.20%

Recent News & Updates

Jul 15
We Think Norwest Energy (ASX:NWE) Can Easily Afford To Drive Business Growth

We Think Norwest Energy (ASX:NWE) Can Easily Afford To Drive Business Growth

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...

Shareholder Returns

NWEAU Oil and GasAU Market
7D-3.7%0.4%0.1%
1Y550.0%48.8%19.3%

Return vs Industry: NWE exceeded the Australian Oil and Gas industry which returned 48.4% over the past year.

Return vs Market: NWE exceeded the Australian Market which returned 17.9% over the past year.

Price Volatility

Is NWE's price volatile compared to industry and market?
NWE volatility
NWE Beta0.56
Industry Beta1.28
Market Beta1

Stable Share Price: NWE is more volatile than 90% of Australian stocks over the past 3 months, typically moving +/- 41% a week.

Volatility Over Time: NWE's weekly volatility has increased from 28% to 41% over the past year.

About the Company

FoundedEmployeesCEOWebsite
1997n/aIain Smithhttps://norwestenergy.com.au

Norwest Energy NL engages in the exploration of hydrocarbon resources in Australia. It owns 20% interest in EP368; 22.22% interest in EP426 license; and 25% working interest in TP/15 license located in Australia. The company was incorporated in 1997 and is headquartered in West Perth, Australia.

Norwest Energy Fundamentals Summary

How do Norwest Energy's earnings and revenue compare to its market cap?
NWE fundamental statistics
Market CapAU$148.92m
Earnings (TTM)-AU$445.25k
Revenue (TTM)AU$303.51k

520.0x

P/S Ratio

-325.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NWE income statement (TTM)
RevenueAU$303.51k
Cost of RevenueAU$0
Gross ProfitAU$303.51k
ExpensesAU$748.76k
Earnings-AU$445.25k

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.00008
Gross Margin100.00%
Net Profit Margin-146.70%
Debt/Equity Ratio0%

How did NWE perform over the long term?

See historical performance and comparison

Valuation

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

31.33x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: NWE is overvalued based on its PB Ratio (32.5x) compared to the AU Oil and Gas industry average (2.5x).


Future Growth

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

8.4%

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 Norwest 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.


Past Performance

How has Norwest Energy performed over the past 5 years?

-34.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NWE is currently unprofitable.

Growing Profit Margin: NWE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: NWE is unprofitable, and losses have increased over the past 5 years at a rate of 34.9% per year.

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

Earnings vs Industry: NWE 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: NWE has a negative Return on Equity (-9.71%), as it is currently unprofitable.


Financial Health

How is Norwest Energy's financial position?


Financial Position Analysis

Short Term Liabilities: NWE's short term assets (A$3.7M) exceed its short term liabilities (A$611.7K).

Long Term Liabilities: NWE's short term assets (A$3.7M) exceed its long term liabilities (A$11.2K).


Debt to Equity History and Analysis

Debt Level: NWE is debt free.

Reducing Debt: NWE had no debt 5 years ago.


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: NWE has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: NWE has sufficient cash runway for 2.4 years if free cash flow continues to grow at historical rates of 17.2% each year.


Dividend

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


Dividend Yield vs Market

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

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

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

2.5yrs

Average board tenure


CEO

Iain Smith

2.5yrs

Tenure

AU$381,000

Compensation

Mr. Iain Peter Smith, BSc, MSc, GD-BA, serves as Director of Norwest Energy NL since April 2, 2019 and its Managing Director since April 2, 2019. He joined Norwest Energy NL since April 2, 2019. He served...


CEO Compensation Analysis

Compensation vs Market: Iain's total compensation ($USD280.66K) is about average for companies of similar size in the Australian market ($USD300.22K).

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


Board Members

Experienced Board: NWE's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 16.5%.


Top Shareholders

Company Information

Norwest Energy NL's employee growth, exchange listings and data sources


Key Information

  • Name: Norwest Energy NL
  • Ticker: NWE
  • Exchange: ASX
  • Founded: 1997
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: AU$148.918m
  • Shares outstanding: 5.52b
  • Website: https://norwestenergy.com.au

Number of Employees


Location

  • Norwest Energy NL
  • 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 Analysis2021/10/15 07:03
End of Day Share Price2021/10/15 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.