ASX:PCL

Stock Analysis Report

Pancontinental Oil & Gas

Executive Summary

Pancontinental Oil & Gas NL explores for oil and gas properties.


Snowflake Analysis

Mediocre balance sheet and overvalued.


Similar Companies

Share Price & News

How has Pancontinental Oil & Gas's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PCL's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-33.3%

PCL

0.2%

AU Oil and Gas

0.02%

AU Market


1 Year Return

-50.0%

PCL

-8.4%

AU Oil and Gas

14.6%

AU Market

Return vs Industry: PCL underperformed the Australian Oil and Gas industry which returned -8.4% over the past year.

Return vs Market: PCL underperformed the Australian Market which returned 14.6% over the past year.


Shareholder returns

PCLIndustryMarket
7 Day-33.3%0.2%0.02%
30 Day-50.0%-7.9%0.2%
90 Day-50.0%-4.6%5.4%
1 Year-50.0%-50.0%-5.5%-8.4%19.7%14.6%
3 Year-75.0%-75.0%12.8%1.3%38.7%20.2%
5 Year-93.3%-93.3%5.0%-12.0%50.6%17.1%

Price Volatility Vs. Market

How volatile is Pancontinental Oil & Gas's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Pancontinental Oil & Gas undervalued compared to its fair value and its price relative to the market?

0.69x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: PCL is good value based on its PB Ratio (0.7x) compared to the AU Oil and Gas industry average (1.2x).


Next Steps

Future Growth

How is Pancontinental Oil & Gas forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

13.5%

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 Pancontinental Oil & Gas 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

Past Performance

How has Pancontinental Oil & Gas performed over the past 5 years?

34.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PCL is currently unprofitable.

Growing Profit Margin: PCL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PCL is unprofitable, but has reduced losses over the past 5 years at a rate of 34.5% per year.

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

Earnings vs Industry: PCL is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (14.4%).


Return on Equity

High ROE: PCL has a negative Return on Equity (-95.17%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Pancontinental Oil & Gas's financial position?


Financial Position Analysis

Short Term Liabilities: PCL's short term assets (A$2.1M) exceed its short term liabilities (A$298.5K).

Long Term Liabilities: PCL's short term assets (A$2.1M) exceed its long term liabilities (A$697.2K).


Debt to Equity History and Analysis

Debt Level: PCL's debt to equity ratio (9.1%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if PCL's debt to equity ratio has reduced over the past 5 years.


Balance Sheet

Inventory Level: PCL has a high level of physical assets or inventory.

Debt Coverage by Assets: PCL's debt is covered by short term assets (assets are 3.2x 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: PCL has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: PCL has less than a year of cash runway if free cash flow continues to grow at historical rates of 30.3% each year.


Next Steps

Dividend

What is Pancontinental Oil & Gas's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.3%markettop25%5.4%industryaverage4.0%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

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

3.2yrs

Average board tenure


CEO

Ernie Myers (71yo)

1.3yrs

Tenure

AU$174,526

Compensation

Mr. Ernest Anthony Myers, also known as Ernie, CPA, serves as Chairman at Norwest Energy NL since 2018. Mr. Myers has been a Company Secretary of Sub-Sahara Resources N.L since March 29, 2004. Mr. Myers se ...


CEO Compensation Analysis

Compensation vs Market: Ernie's total compensation ($USD115.80K) is below average for companies of similar size in the Australian market ($USD251.50K).

Compensation vs Earnings: Ernie's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Ernest Myers
CEO & Executive Director1.3yrsAU$174.53k0.054% A$2.9k
Vesna Petrovic
CFO, Company Secretary & Executive Director3.2yrsAU$125.00kno data
Roy Rushworth
Technical Director & Director14.5yrsAU$298.34k2.48% A$134.3k
Henry Kennedy
Non-Executive Chairman2.6yrsAU$50.00k7.62% A$411.8k
Marie Malaxos
Non-Executive Director2.6yrsAU$83.00k0.72% A$39.0k

3.2yrs

Average Tenure

71yo

Average Age

Experienced Board: PCL's board of directors are considered experienced (3.2 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 4.9%.


Top Shareholders

Company Information

Pancontinental Oil & Gas NL's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Pancontinental Oil & Gas NL
  • Ticker: PCL
  • Exchange: ASX
  • Founded: 1985
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: AU$5.407m
  • Shares outstanding: 5.41b
  • Website: https://www.pancon.com.au

Number of Employees


Location

  • Pancontinental Oil & Gas NL
  • 10 Ord Street
  • Level One
  • West Perth
  • Western Australia
  • 6005
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PCLASX (Australian Securities Exchange)YesOrdinary SharesAUAUDApr 1993
PCOG.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDApr 1993
PUBDB (Deutsche Boerse AG)YesOrdinary SharesDEEURApr 1993
PCLCHIA (Chi-X Australia)YesOrdinary SharesAUAUDApr 1993

Biography

Pancontinental Oil & Gas NL explores for oil and gas properties. Its principal assets are the PEL 37 project in Walvis Basin and the PEL 87 project in Orange Basin located in offshore Namibia; and the Kenya L6 project located in onshore/offshore Kenya. The company was incorporated in 1985 and is based in West Perth, Australia. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/24 10:34
End of Day Share Price2020/02/24 00:00
Earnings2019/06/30
Annual Earnings2019/06/30


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.