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OXX

OctanexASX:OXX Stock Report

Market Cap

AU$8.5m

7D

3.1%

1Y

n/a

Updated

17 Oct, 2021

Data

Company Financials
OXX fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

OXX Overview

Octanex Limited, together with its subsidiaries, invests in, explores, and develops natural resources in Western Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Octanex
Historical stock prices
Current Share PriceAU$0.033
52 Week HighAU$0.013
52 Week LowAU$0.12
Beta2.65
1 Month Change-2.94%
3 Month Change10.00%
1 Year Changen/a
3 Year Change266.67%
5 Year Change-26.67%
Change since IPO-90.57%

Recent News & Updates

Shareholder Returns

OXXAU Oil and GasAU Market
7D3.1%0.5%0.9%
1Yn/a48.9%20.2%

Return vs Industry: Insufficient data to determine how OXX performed against the Australian Oil and Gas industry.

Return vs Market: Insufficient data to determine how OXX performed against the Australian Market.

Price Volatility

Is OXX's price volatile compared to industry and market?
OXX volatility
OXX Beta2.65
Industry Beta1.28
Market Beta1

Stable Share Price: OXX is more volatile than 90% of Australian stocks over the past 3 months, typically moving +/- 27% a week.

Volatility Over Time: OXX's weekly volatility has decreased from 35% to 27% over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
1980n/aGeoff Albershttps://www.octanex.com.au

Octanex Limited, together with its subsidiaries, invests in, explores, and develops natural resources in Western Australia. It holds 100% interest in the Ascalon Gas field located in Bonaparte, Western Australia. The company also holds 65% interest in the Sefton gold project with five granted tenements covering approximately 2,105 km2 located in the Eastern Goldfields Superterrane, Western Australia.

Octanex Fundamentals Summary


Earnings & Revenue

Key profitability statistics from the latest earnings report
OXX income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
ExpensesAU$300.20k
Earnings-AU$300.20k

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0011
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did OXX perform over the long term?

See historical performance and comparison

Valuation

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

1.43x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: OXX is good value based on its PB Ratio (1.4x) compared to the AU Oil and Gas industry average (2.5x).


Future Growth

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

7.8%

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 Octanex 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 Octanex performed over the past 5 years?

11.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: OXX is currently unprofitable.

Growing Profit Margin: OXX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: OXX is unprofitable, but has reduced losses over the past 5 years at a rate of 11.6% per year.

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

Earnings vs Industry: OXX 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: OXX has a negative Return on Equity (-5.01%), as it is currently unprofitable.


Financial Health

How is Octanex's financial position?


Financial Position Analysis

Short Term Liabilities: OXX's short term assets (A$1.0M) exceed its short term liabilities (A$357.3K).

Long Term Liabilities: OXX has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: OXX is debt free.

Reducing Debt: OXX has no debt compared to 5 years ago when its debt to equity ratio was 0.1%.


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

Forecast Cash Runway: OXX has sufficient cash runway for 1 years if free cash flow continues to grow at historical rates of 19.2% each year.


Dividend

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


Dividend Yield vs Market

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

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

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

7.0yrs

Average board tenure


CEO

Geoff Albers (76 yo)

no data

Tenure

Mr. Ernest Geoffrey Albers, also known as Geoff, LLB, FAICD, FAIM, is the Founder of Octanex Limited and serves as its Chief Executive Officer, Executive Chairman. Mr. Albers has been the President and a T...


Board Members

Experienced Board: OXX's board of directors are considered experienced (7 years average tenure).


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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.7%.


Top Shareholders

Company Information

Octanex Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Octanex Limited
  • Ticker: OXX
  • Exchange: ASX
  • Founded: 1980
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: AU$8.546m
  • Shares outstanding: 258.98m
  • Website: https://www.octanex.com.au

Location

  • Octanex Limited
  • 10 Yarra Street
  • Level 1
  • South Yarra
  • Victoria
  • 3141
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/17 07:05
End of Day Share Price2021/10/14 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.