Executive Summary
Oilex Ltd engages in the exploration for, appraisal, development, production, and sale of oil and gas in Australia, India, and Indonesia.
Rewards
Risk Analysis
+ 2 more risks
Snowflake Analysis
Worrying balance sheet with weak fundamentals.
Similar Companies
Share Price & News
How has Oilex's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: OEX's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
0%
OEX
-8.6%
AU Oil and Gas
-6.2%
AU Market
1 Year Return
-40.0%
OEX
-17.3%
AU Oil and Gas
7.9%
AU Market
Return vs Industry: OEX underperformed the Australian Oil and Gas industry which returned -14.1% over the past year.
Return vs Market: OEX underperformed the Australian Market which returned 10.9% over the past year.
Shareholder returns
| OEX | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | -8.6% | -6.2% |
| 30 Day | -25.0% | -15.5% | -5.9% |
| 90 Day | -25.0% | -14.5% | -2.7% |
| 1 Year | -40.0%-40.0% | -14.0%-17.3% | 12.6%7.9% |
| 3 Year | -50.0%-50.0% | 5.4%-6.5% | 31.3%13.8% |
| 5 Year | -92.7%-92.7% | -5.6%-21.9% | 42.6%10.6% |
Price Volatility Vs. Market
How volatile is Oilex's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Some Oilex (ASX:OEX) Shareholders Have Taken A Painful 91% Share Price Drop4 months ago | Simply Wall St
Imagine Owning Oilex (ASX:OEX) And Taking A 96% Loss Square On The Chin6 months ago | Simply Wall St
Could Oilex Ltd's (ASX:OEX) Investor Composition Influence The Stock Price?Valuation
Is Oilex undervalued compared to its fair value and its price relative to the market?
2.31x
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 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 (2.3x) compared to the AU Oil and Gas industry average (1.1x).
Next Steps
Future Growth
How is Oilex forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
14.7%
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 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.
Next Steps
- Take a look at our analysis of OEX’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Oilex competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Energy industry.
Past Performance
How has Oilex performed over the past 5 years?
24.8%
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 24.8% 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 (-0.7%).
Return on Equity
High ROE: OEX has a negative Return on Equity (-92.67%), as it is currently unprofitable.
Next Steps
Financial Health
How is Oilex's financial position?
Financial Position Analysis
Short Term Liabilities: OEX's short term assets (A$2.2M) do not cover its short term liabilities (A$2.3M).
Long Term Liabilities: OEX's short term assets (A$2.2M) do not cover its long term liabilities (A$3.7M).
Debt to Equity History and Analysis
Debt Level: OEX's debt to equity ratio (16.8%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if OEX's debt to equity ratio has reduced over the past 5 years.
Balance Sheet
Inventory Level: OEX has a high level of physical assets or inventory.
Debt Coverage by Assets: OEX's debt is covered by short term assets (assets are 3.8x debt).
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 less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: OEX has less than a year of cash runway if free cash flow continues to grow at historical rates of 18.2% each year.
Next Steps
Dividend
What is Oilex's 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 payouts.
High Dividend: Unable to evaluate OEX'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 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?
3.7yrs
Average management tenure
CEO
Joe Salomon (62yo)
3.9yrs
Tenure
AU$260,058
Compensation
Mr. Jonathan Arnold Salomon, also known as Joe, B APP SC (Geology), GAICD, has been Managing Director of Oilex Ltd. since March 18, 2016. Mr. Salomon served as Executive Director and Technical Director of ...
CEO Compensation Analysis
Compensation vs Market: Joe's total compensation ($USD171.71K) is below average for companies of similar size in the Australian market ($USD250.90K).
Compensation vs Earnings: Joe's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD & Director | 3.9yrs | AU$260.06k | 0.44% A$45.0k | |
| CFO & Company Secretary | 3.7yrs | AU$230.68k | no data | |
| Head of India Assets | 3.3yrs | AU$175.74k | no data | |
| Legal Counsel and Commercial Manager | 0yrs | no data | no data | |
| Head of HR & Corporate Affairs | 0yrs | no data | no data | |
| Financial Controller | 0yrs | no data | no data |
3.7yrs
Average Tenure
Experienced Management: OEX's management team is considered experienced (3.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD & Director | 3.9yrs | AU$260.06k | 0.44% A$45.0k | |
| Non-Executive Chairman | 3yrs | AU$70.96k | 0.40% A$40.9k | |
| Independent Non-Executive Director | 0.4yrs | no data | no data | |
| Independent Non-Executive Director | 2.8yrs | AU$54.96k | 0.097% A$10.0k |
2.9yrs
Average Tenure
60yo
Average Age
Experienced Board: OEX's board of directors are not considered experienced ( 2.9 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 33%.
Top Shareholders
Company Information
Oilex Ltd's company bio, 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$10.279m
- Shares outstanding: 3.43b
- Website: https://www.oilex.com.au
Location
- Oilex Ltd
- 11 Lucknow Place
- Level 2
- West Perth
- Western Australia
- 6005
- Australia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| OEX | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | Oct 2003 |
| OEX | AIM (London Stock Exchange AIM Market) | Yes | Ordinary Shares | GB | GBP | Oct 2003 |
| OIEX.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Oct 2003 |
| OLX | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Oct 2003 |
| OEX | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | Oct 2003 |
Biography
Oilex Ltd engages in the exploration for, appraisal, development, production, and sale of oil and gas in Australia, India, and Indonesia. It primarily holds 45% interest in the Cambay field located in the Cambay basin, onshore Gujarat, India. The company was incorporated in 1997 and is based in West Perth, Australia.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/27 10:32 |
| End of Day Share Price | 2020/02/27 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2019/06/30 |
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.