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Oilex

ASX:OEX
Snowflake Description

Imperfect balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
OEX
ASX
A$10M
Market Cap
  1. Home
  2. AU
  3. Energy
Company description

Oilex Ltd engages in the exploration for, appraisal, development, production, and sale of oil and gas in Australia, India, and Indonesia. The last earnings update was 51 days ago. More info.


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OEX Share Price and Events
7 Day Returns
0%
ASX:OEX
1.4%
AU Oil and Gas
0.7%
AU Market
1 Year Returns
0%
ASX:OEX
3.8%
AU Oil and Gas
4.7%
AU Market
OEX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Oilex (OEX) 0% 0% -20% 0% -69.2% -94.5%
AU Oil and Gas 1.4% -1.6% 5.5% 3.8% 28.7% -32.5%
AU Market 0.7% 1.1% 6.5% 4.7% 17.5% 4.9%
1 Year Return vs Industry and Market
  • OEX underperformed the Oil and Gas industry which returned 3.8% over the past year.
  • OEX underperformed the Market in Australia which returned 4.7% over the past year.
Price Volatility
OEX
Industry
5yr Volatility vs Market

Value

 Is Oilex undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Oilex. This is due to cash flow or dividend data being unavailable. The share price is A$0.004.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Oilex's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Oilex's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:OEX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$0.00
ASX:OEX Share Price ** ASX (2019-04-15) in AUD A$0
Australia Oil and Gas Industry PE Ratio Median Figure of 23 Publicly-Listed Oil and Gas Companies 7.92x
Australia Market PE Ratio Median Figure of 545 Publicly-Listed Companies 16.18x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Oilex.

ASX:OEX PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:OEX Share Price ÷ EPS (both in AUD)

= 0 ÷ 0.00

-1.69x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Oilex is loss making, we can't compare its value to the AU Oil and Gas industry average.
  • Oilex is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does Oilex's expected growth come at a high price?
Raw Data
ASX:OEX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.69x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Australia Oil and Gas Industry PEG Ratio Median Figure of 17 Publicly-Listed Oil and Gas Companies 0.24x
Australia Market PEG Ratio Median Figure of 361 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Oilex, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Oilex's assets?
Raw Data
ASX:OEX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$0.00
ASX:OEX Share Price * ASX (2019-04-15) in AUD A$0
Australia Oil and Gas Industry PB Ratio Median Figure of 144 Publicly-Listed Oil and Gas Companies 1.31x
Australia Market PB Ratio Median Figure of 1,676 Publicly-Listed Companies 1.68x
ASX:OEX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:OEX Share Price ÷ Book Value per Share (both in AUD)

= 0 ÷ 0.00

2x

* Primary Listing of Oilex.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Oilex is overvalued based on assets compared to the AU Oil and Gas industry average.
X
Value checks
We assess Oilex's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Oilex has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
4.2%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Oilex expected to grow at an attractive rate?
  • Unable to compare Oilex's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Oilex's earnings growth to the Australia market average as no estimate data is available.
  • Unable to compare Oilex's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:OEX Future Growth Rates Data Sources
Data Point Source Value (per year)
Australia Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 4.2%
Australia Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.7%
Australia Market Earnings Growth Rate Market Cap Weighted Average 6.6%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:OEX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:OEX Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 0 -3 -3
2018-09-30 0 -3 -3
2018-06-30 0 -4 -4
2018-03-31 0 -3 -4
2017-12-31 0 -2 -4
2017-09-30 0 -3 -4
2017-06-30 0 -3 -4
2017-03-31 0 -5 -10
2016-12-31 0 -7 -16
2016-09-30 0 -9 -26
2016-06-30 0 -10 -36
2016-03-31 0 -9 -37

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Oilex is high growth as no earnings estimate data is available.
  • Unable to determine if Oilex is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:OEX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Oilex Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:OEX Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31
2018-09-30
2018-06-30 0.00
2018-03-31 0.00
2017-12-31 0.00
2017-09-30 0.00
2017-06-30 0.00
2017-03-31 -0.01
2016-12-31 -0.01
2016-09-30 -0.02
2016-06-30 -0.03
2016-03-31 -0.04

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Oilex will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. 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.
  2. Oilex's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Energy companies here
  3. Oilex's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Oilex's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Oilex has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Oilex performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Oilex's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Oilex does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Oilex's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Oilex's 1-year growth to the AU Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Oilex's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Oilex Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:OEX Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 0.27 -2.50 2.51
2018-09-30 0.22 -3.37 2.67
2018-06-30 0.16 -4.23 2.82
2018-03-31 0.13 -3.95 2.77
2017-12-31 0.09 -3.66 2.71
2017-09-30 0.09 -3.66 2.93
2017-06-30 0.09 -3.67 3.14
2017-03-31 0.22 -9.88 4.18
2016-12-31 0.34 -16.09 5.21
2016-09-30 0.39 -26.12 7.42
2016-06-30 0.45 -36.15 9.62
2016-03-31 0.33 -36.87 8.91
2015-12-31 0.22 -37.58 8.20
2015-09-30 0.26 -27.48 6.57
2015-06-30 0.29 -17.39 4.93
2015-03-31 0.33 -10.75 5.04
2014-12-31 0.36 -4.10 5.15
2014-09-30 0.31 -3.93 5.06
2014-06-30 0.25 -3.75 4.97
2014-03-31 0.24 -6.57 4.89
2013-12-31 0.23 -9.39 4.81
2013-09-30 0.21 -9.25 4.51
2013-06-30 0.20 -9.11 4.20
2013-03-31 0.23 -10.99 3.56
2012-12-31 0.26 -12.87 2.91
2012-09-30 0.29 -12.94 3.15
2012-06-30 0.32 -13.01 3.39

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Oilex has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Oilex has efficiently used its assets last year compared to the AU Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Oilex improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Oilex's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Oilex has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Oilex's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Oilex's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Oilex is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Oilex's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Oilex's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 6.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Oilex Company Filings, last reported 3 months ago.

ASX:OEX Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 4.35 0.51 1.28
2018-09-30 4.35 0.51 1.28
2018-06-30 4.01 0.00 0.38
2018-03-31 4.01 0.00 0.38
2017-12-31 4.08 0.00 0.97
2017-09-30 4.08 0.00 0.97
2017-06-30 7.27 0.00 3.22
2017-03-31 7.27 0.00 3.22
2016-12-31 6.15 0.00 1.89
2016-09-30 6.15 0.00 1.89
2016-06-30 9.33 0.00 5.16
2016-03-31 9.33 0.00 5.16
2015-12-31 22.22 0.00 11.55
2015-09-30 22.22 0.00 11.55
2015-06-30 26.60 0.00 1.19
2015-03-31 26.60 0.00 1.19
2014-12-31 39.95 0.00 5.43
2014-09-30 39.95 0.00 5.43
2014-06-30 33.35 0.00 7.46
2014-03-31 33.35 0.00 7.46
2013-12-31 25.33 0.00 7.18
2013-09-30 25.33 0.00 7.18
2013-06-30 24.26 0.00 3.60
2013-03-31 24.26 0.00 3.60
2012-12-31 28.16 0.00 6.97
2012-09-30 28.16 0.00 6.97
2012-06-30 24.65 0.00 4.36
  • Oilex's level of debt (11.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 11.8% today).
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.

  • Oilex has less than a year of cash runway based on current free cash flow.
  • Oilex has less than a year of cash runway if free cash flow continues to reduce at historical rates of -56.4% each year.
X
Financial health checks
We assess Oilex's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Oilex has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Oilex dividends.
If you bought A$2,000 of Oilex shares you are expected to receive A$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Oilex's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Oilex's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:OEX Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Australia Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 4.6%
Australia Market Average Dividend Yield Market Cap Weighted Average of 417 Stocks 4.3%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.6%
Australia Bottom 25% Dividend Yield 25th Percentile 2.5%
Australia Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Oilex has not reported any payouts.
  • Unable to verify if Oilex's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Oilex's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Oilex has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Oilex's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Oilex afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Oilex has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Oilex's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Joe Salomon
COMPENSATION A$273,807
AGE 61
TENURE AS CEO 3.1 years
CEO Bio

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 Nido Petroleum Limited from 2000 to 2009. Mr. Salomon is Petroleum Geologist with over 20 years experience managing exploration programs for public petroleum companies within Australia and internationally. Mr. Salomon has over 30 years experience working for upstream energy companies. He served as Chief Executive Officer of Norwest Energy NL until December 19, 2007. He was previously the General Manager Exploration and New Ventures for Australia and then Vietnam at Murphy Oil Corporation. He served as the Global Head of Geoscience at RISC PL. From 1990 to 1996, he served as a Senior Explorationist for Ampolex and after its takeover by Mobil, was New Exploration and Producing Ventures Team Leader for Mobil. At various times in his career, Mr. Salomon has acted as an Independent Consultant for a number of oil & gas companies, including New Standard Energy and Pacrim Energy. He first worked on Indian projects in 1994 while at Ampolex and since that time has maintained connection with the Indian industry, at various times bidding in India's exploration and field development rounds and working with Indian companies as joint venture partners, both in India and internationally. He has been a Director of Oilex Ltd. since November 30, 2015. He served as Director of Norwest Energy NL from October 18, 2004 to December 19, 2007. He served as Director of Strategic Energy Resources Limited from February 4, 2008 to November 28, 2008. He is a member of the American Association of Petroleum Geologists, Petroleum Exploration Society of Australia and South East Asian Petroleum Exploration Society. He graduated from the University of Southern Queensland with a Bachelor degree in Applied Science.

CEO Compensation
  • Joe's compensation has been consistent with company performance over the past year.
  • Joe's remuneration is about average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the Oilex management team in years:

2.8
Average Tenure
  • The tenure for the Oilex management team is about average.
Management Team

Joe Salomon

TITLE
MD & Director
COMPENSATION
A$274K
AGE
61
TENURE
3.1 yrs

Mark Bolton

TITLE
CFO & Company Secretary
COMPENSATION
A$243K
TENURE
2.8 yrs

Ashish Khare

TITLE
Head of India Assets
COMPENSATION
A$172K
TENURE
2.4 yrs

Cathal Smith

TITLE
Legal Counsel and Commercial Manager

Ranjeet Saroha

TITLE
Head of HR & Corporate Affairs

Andrea Bissett

TITLE
Financial Controller
Board of Directors Tenure

Average tenure and age of the Oilex board of directors in years:

2.2
Average Tenure
57
Average Age
  • The average tenure for the Oilex board of directors is less than 3 years, this suggests a new board.
Board of Directors

Brad Lingo

TITLE
Non-Executive Chairman
COMPENSATION
A$71K
AGE
57
TENURE
2.2 yrs

Joe Salomon

TITLE
MD & Director
COMPENSATION
A$274K
AGE
61
TENURE
3.4 yrs

Paul Haywood

TITLE
Independent Non-Executive Director
COMPENSATION
A$53K
AGE
36
TENURE
1.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
18. Dec 18 Buy Republic Investment Management Pte Ltd Company 17. Nov 18 14. Dec 18 29,120,559 A$0.00 A$87,561
20. Nov 18 Sell Republic Investment Management Pte Ltd Company 13. Nov 18 16. Nov 18 -20,000,000 A$0.01 A$-179,444
12. Nov 18 Sell Republic Investment Management Pte Ltd Company 22. Sep 18 08. Nov 18 -24,946,126 A$0.01 A$-157,873
16. May 18 Buy Republic Investment Management Pte Ltd Company 30. Jan 18 15. May 18 112,500,000 A$0.00 A$449,886
X
Management checks
We assess Oilex's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Oilex has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Some Oilex (ASX:OEX) Shareholders Have Taken A Painful 93% Share Price Drop

Anyone who held Oilex Ltd (ASX:OEX) for five years would be nursing their metaphorical wounds since the share price dropped 93% in that time. … As a general rule, if a company doesn't have much revenue, and it loses money, then it is a high risk investment. … But with the share price diving 40% per year, over 5 years, it's probably fair to say that some shareholders no longer believe the company will succeed.

Simply Wall St -

What You Must Know About Oilex Ltd's (ASX:OEX) Financial Strength

The direct benefit for Oilex Ltd (ASX:OEX), which sports a zero-debt capital structure, to include debt in its capital structure is the reduced cost of capital. … However, the trade-off is OEX will have to adhere to stricter debt covenants and have less financial flexibility. … Is OEX right in choosing financial flexibility over lower cost of capital

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Does Oilex Ltd's (ASX:OEX) CEO Salary Compare Well With Others?

First, this article will compare CEO compensation with compensation at similar sized companies. … Third, we'll reflect on the total return to shareholders over three years, as a second measure of business performance. … How Does Joe Salomon's Compensation Compare With Similar Sized Companies?

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Can We See Significant Institutional Ownership On The Oilex Ltd (ASX:OEX) Share Register?

The big shareholder groups in Oilex Ltd (ASX:OEX) have power over the company. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … Companies that used to be publicly owned tend to have lower insider ownership.

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Is Oilex Ltd's (ASX:OEX) CEO Salary Justified?

Check out our latest analysis for Oilex What has OEX's performance been like? … Typically I would look at market cap and earnings as a proxy for performance, however, OEX's negative earnings lower the effectiveness of this method. … If you have not done so already, I urge you to complete your research by taking a look at the following: Governance: To find out more about OEX's governance, look through our infographic report of the company's board and management.

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How Did Oilex Ltd's (ASX:OEX) Earnings Growth Stack Up Against The Industry?

For investors with a long-term horizon, assessing earnings trend over time and against industry benchmarks is more valuable than looking at a single earnings announcement in one point in time. … I like to use the ‘latest twelve-month’ data, which either annualizes the most recent 6-month earnings update, or in some cases, the most recent annual report is already the latest available financial data. … ASX:OEX Income Statement Apr 21st 18 We can further evaluate Oilex's loss by looking at what the industry has been experiencing over the past few years.

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Breaking Down Oilex Ltd's (ASX:OEX) Ownership Structure

Check out our latest analysis for Oilex ASX:OEX Ownership_summary Mar 14th 18 Institutional Ownership OEX's 17.58% institutional ownership seems enough to cause large share price movements in the case of significant share sell-off or acquisitions by institutions, particularly when there is a low level of public shares available on the market to trade. … Public Company Ownership Another important group of owners for potential investors in OEX are other public companies that hold a stake of 6.47% in OEX. … Thus, investors should dig deeper into OEX's business relations with these companies and how it can affect shareholder returns in the long-term.Next Steps: The company's high institutional ownership makes margin of safety a very important consideration to existing investors since long bull and bear trends often emerge when these big-ticket investors see a change in long-term potential of the company.

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Where Oilex Ltd (ASX:OEX) Stands In Terms Of Earnings Growth Against Its Industry

In this article, I will take a look at Oilex Ltd's (ASX:OEX) most recent earnings update (30 June 2017) and compare these latest figures against its performance over the past few years, along with how the rest of OEX's industry performed. … See our latest analysis for Oilex Were OEX's earnings stronger than its past performances and the industry? … I look at the ‘latest twelve-month’ data, which either annualizes the most recent 6-month earnings update, or in some cases, the most recent annual report is already the latest available financial data.

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How Does Oilex Ltd (ASX:OEX) Compare To The Oil & Gas Sector?

This rate is below the growth rate of the Australian stock market as a whole. … ASX:OEX Past Future Earnings Nov 14th 17 The oil price collapse triggered a wave of cost reduction among energy businesses as the sector as a whole faced negative growth over the past five years. … However, recently the sector saw a reversal in the downturn, and in the previous year, the industry saw growth of over 50%, beating the Australian market growth of 5.37%.

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Should You Be Concerned About Oilex Ltd's (ASX:OEX) Risks?

A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … OEX’s beta indicates it is a stock that investors may find valuable if they want to reduce the overall market risk exposure of their stock portfolio. … OEX, with its market capitalisation of AUD $6.79M, is a small-cap stock, which generally have higher beta than similar companies of larger size.

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Company Info

Description

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.

Details
Name: Oilex Ltd
OEX
Exchange: ASX
Founded: 1997
A$10,326,083
2,581,520,863
Website: http://www.oilex.com.au
Address: Oilex Ltd
44a Kings Park Road,
Ground Floor,
West Perth,
Western Australia, 6005,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX OEX Ordinary Shares Australian Securities Exchange AU AUD 24. Oct 2003
OTCPK OIEX.F Ordinary Shares Pink Sheets LLC US USD 24. Oct 2003
DB OLX Ordinary Shares Deutsche Boerse AG DE EUR 24. Oct 2003
BST OLX Ordinary Shares Boerse-Stuttgart DE EUR 24. Oct 2003
AIM OEX Ordinary Shares London Stock Exchange AIM Market GB GBP 24. Oct 2003
CHIA OEX Ordinary Shares Chi-X Australia AU AUD 24. Oct 2003
Number of employees
Current staff
Staff numbers
0
Oilex employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 10:31
End of day share price update: 2019/04/15 00:00
Last earnings filing: 2019/02/27
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.