| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
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
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | AU$0.005 |
| 52 Week High | AU$0.001 |
| 52 Week Low | AU$0.014 |
| Beta | 1.48 |
| 1 Month Change | 25.00% |
| 3 Month Change | 25.00% |
| 1 Year Change | 150.00% |
| 3 Year Change | 66.67% |
| 5 Year Change | -44.44% |
| Change since IPO | -98.39% |
Recent News & Updates
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...
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
| OEX | AU Oil and Gas | AU Market | |
|---|---|---|---|
| 7D | 0% | -2.2% | 0.7% |
| 1Y | 150.0% | 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
| OEX volatility | |
|---|---|
| OEX Beta | 1.48 |
| Industry Beta | 1.29 |
| Market Beta | 1 |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1997 | n/a | Roland Wessel | https://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
| OEX fundamental statistics | |
|---|---|
| Market Cap | AU$28.44m |
| Earnings (TTM) | -AU$1.71m |
| Revenue (TTM) | n/a |
0x
P/S Ratio-16.7x
P/E RatioIs OEX overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| OEX income statement (TTM) | |
|---|---|
| Revenue | AU$0 |
| Cost of Revenue | AU$140.26k |
| Gross Profit | -AU$140.26k |
| Expenses | AU$1.57m |
| Earnings | -AU$1.71m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.0003 |
| Gross Margin | 0.00% |
| Net Profit Margin | 0.00% |
| Debt/Equity Ratio | 0.0% |
How did OEX perform over the long term?
See historical performance and comparisonValuation
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/21 18:10 |
| End of Day Share Price | 2021/10/21 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2021/06/30 |
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.