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OEX

OilexASX:OEX Stock Report

Market Cap

AU$28.4m

7D

0%

1Y

150.0%

Updated

21 Oct, 2021

Data

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

OEX Overview

Oilex Ltd engages in the exploration for, appraisal, development, production, and sale of oil and gas in Australia, India, and Indonesia.

Oilex Competitors

Cooper Energy

ASX:COE

AU$473.0m

Strike Energy

ASX:STX

AU$354.1m

Prominence Energy

ASX:PRM

AU$15.9m

Pancontinental Energy

ASX:PCL

AU$10.6m

Price History & Performance

Summary of all time highs, changes and price drops for Oilex
Historical stock prices
Current Share PriceAU$0.005
52 Week HighAU$0.001
52 Week LowAU$0.014
Beta1.48
1 Month Change25.00%
3 Month Change25.00%
1 Year Change150.00%
3 Year Change66.67%
5 Year Change-44.44%
Change since IPO-98.39%

Recent News & Updates

Jun 01
This Is Why Oilex Ltd's (ASX:OEX) CEO Compensation Looks Appropriate

This Is Why Oilex Ltd's (ASX:OEX) CEO Compensation Looks Appropriate

Under the guidance of CEO Joe Salomon, Oilex Ltd ( ASX:OEX ) has performed reasonably well recently. This is something...

Mar 01
How Much Is Oilex's (ASX:OEX) CEO Getting Paid?

How Much Is Oilex's (ASX:OEX) CEO Getting Paid?

Joe Salomon has been the CEO of Oilex Ltd ( ASX:OEX ) since 2016, and this article will examine the executive's...

Shareholder Returns

OEXAU Oil and GasAU Market
7D0%-2.2%0.7%
1Y150.0%44.0%21.4%

Return vs Industry: OEX exceeded the Australian Oil and Gas industry which returned 48.3% over the past year.

Return vs Market: OEX exceeded the Australian Market which returned 21.1% over the past year.

Price Volatility

Is OEX's price volatile compared to industry and market?
OEX volatility
OEX Beta1.48
Industry Beta1.29
Market Beta1

Stable Share Price: OEX is more volatile than 90% of Australian stocks over the past 3 months, typically moving +/- 35% a week.

Volatility Over Time: OEX's weekly volatility has decreased from 62% to 35% over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
1997n/aRoland Wesselhttps://www.oilex.com.au

Oilex Ltd engages in the exploration for, appraisal, development, production, and sale of oil and gas in Australia, India, and Indonesia. It primarily holds 100% interest in the Cambay field located in the Cambay basin, onshore Gujarat, India. Oilex Ltd was incorporated in 1997 and is headquartered in West Perth, Australia.

Oilex Fundamentals Summary

How do Oilex's earnings and revenue compare to its market cap?
OEX fundamental statistics
Market CapAU$28.44m
Earnings (TTM)-AU$1.71m
Revenue (TTM)n/a

0x

P/S Ratio

-16.7x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
OEX income statement (TTM)
RevenueAU$0
Cost of RevenueAU$140.26k
Gross Profit-AU$140.26k
ExpensesAU$1.57m
Earnings-AU$1.71m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0003
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did OEX perform over the long term?

See historical performance and comparison

Valuation

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

3.18x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: OEX is overvalued based on its PB Ratio (3.2x) compared to the AU Oil and Gas industry average (2.5x).


Future Growth

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

7.2%

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 Oilex 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 Oilex performed over the past 5 years?

52.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: OEX is currently unprofitable.

Growing Profit Margin: OEX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: OEX is unprofitable, but has reduced losses over the past 5 years at a rate of 52.6% per year.

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

Earnings vs Industry: OEX 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: OEX has a negative Return on Equity (-19.05%), as it is currently unprofitable.


Financial Health

How is Oilex's financial position?


Financial Position Analysis

Short Term Liabilities: OEX's short term assets (A$5.8M) exceed its short term liabilities (A$2.3M).

Long Term Liabilities: OEX's short term assets (A$5.8M) exceed its long term liabilities (A$3.9M).


Debt to Equity History and Analysis

Debt Level: OEX is debt free.

Reducing Debt: OEX 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: OEX has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: OEX has sufficient cash runway for 2.4 years if free cash flow continues to grow at historical rates of 34.4% each year.


Dividend

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


Dividend Yield vs Market

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

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

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

0.3yrs

Average management tenure


CEO

Roland Wessel (67 yo)

0.33

Tenure

AU$310,920

Compensation

Mr. Roland Wessel serves as Chief Executive Officer and Director at Oilex Ltd since June 16, 2021. He serves as a Director of Crest Energy Services Limited. He serves as a Non-executive director of WebRecr...


CEO Compensation Analysis

Compensation vs Market: Roland's total compensation ($USD232.85K) is about average for companies of similar size in the Australian market ($USD303.55K).

Compensation vs Earnings: Insufficient data to compare Roland's compensation with company performance.


Leadership Team

Experienced Management: OEX's management team is not considered experienced ( 0.3 years average tenure), which suggests a new team.


Board Members

Experienced Board: OEX's board of directors are not considered experienced ( 1.6 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 38.1%.


Top Shareholders

Company Information

Oilex Ltd's employee growth, exchange listings and data sources


Key Information

  • Name: Oilex Ltd
  • Ticker: OEX
  • Exchange: ASX
  • Founded: 1997
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: AU$28.442m
  • Shares outstanding: 5.69b
  • Website: https://www.oilex.com.au

Location

  • Oilex Ltd
  • 11 Lucknow Place
  • Level 1
  • 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 Analysis2021/10/21 18:10
End of Day Share Price2021/10/21 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.