Peninsula Energy Future Growth

Future criteria checks 6/6

Peninsula Energy is forecast to grow earnings and revenue by 61.7% and 38% per annum respectively. EPS is expected to grow by 64.7% per annum. Return on equity is forecast to be 31.9% in 3 years.

Key information

61.7%

Earnings growth rate

64.7%

EPS growth rate

Oil and Gas earnings growth	11.0%
Revenue growth rate	38.0%
Future return on equity	31.9%
Analyst coverage	Low
Last updated	30 Apr 2024

Recent future growth updates

Recent updates

Peninsula Energy Limited's (ASX:PEN) Price Is Right But Growth Is Lacking After Shares Rocket 30%

Jan 17

Analysts' Revenue Estimates For Peninsula Energy Limited (ASX:PEN) Are Surging Higher

Nov 29

Is Peninsula Energy Limited (ASX:PEN) Trading At A 30% Discount?

Nov 18

Here's Why We're Not At All Concerned With Peninsula Energy's (ASX:PEN) Cash Burn Situation

Jul 31

There's Been No Shortage Of Growth Recently For Peninsula Energy's (ASX:PEN) Returns On Capital

Feb 28

Peninsula Energy (ASX:PEN) Might Have The Makings Of A Multi-Bagger

Nov 28

Peninsula Energy (ASX:PEN) Is In A Strong Position To Grow Its Business

Sep 28

Peninsula Energy (ASX:PEN) Might Have The Makings Of A Multi-Bagger

Aug 24

Peninsula Energy's (ASX:PEN) Returns On Capital Are Heading Higher

May 24

Peninsula Energy (ASX:PEN) Is In A Good Position To Deliver On Growth Plans

Mar 14

What Did Peninsula Energy's (ASX:PEN) CEO Take Home Last Year?

Jan 24

If You Had Bought Peninsula Energy's (ASX:PEN) Shares Five Years Ago You Would Be Down 91%

Dec 01

Earnings and Revenue Growth Forecasts

ASX:PEN - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
6/30/2026	117	43	28	48	4
6/30/2025	48	5	-68	-21	4
6/30/2024	13	-2	-40	-14	2
12/31/2023	40	-9	-7	15	N/A
9/30/2023	40	-6	-7	10	N/A
6/30/2023	40	-4	-7	5	N/A
3/31/2023	31	-4	-6	2	N/A
12/31/2022	21	-4	-5	-1	N/A
9/30/2022	20	-4	-2	0	N/A
6/30/2022	18	-5	1	2	N/A
3/31/2022	17	-4	-5	-4	N/A
12/31/2021	16	-3	-11	-11	N/A
9/30/2021	13	-2	-14	-14	N/A
6/30/2021	10	-1	-17	-17	N/A
3/31/2021	8	-2	-13	-12	N/A
12/31/2020	7	-2	-8	-8	N/A
9/30/2020	6	-5	-8	-8	N/A
6/30/2020	6	-8	-8	-8	N/A
3/31/2020	5	-24	-9	-8	N/A
12/31/2019	5	-41	-9	-8	N/A
9/30/2019	6	-41	-9	-8	N/A
6/30/2019	7	-40	-8	-7	N/A
3/31/2019	8	-24	N/A	N/A	N/A
12/31/2018	10	-7	11	13	N/A
9/30/2018	11	1	10	13	N/A
6/30/2018	13	9	10	14	N/A
12/31/2017	20	-13	-5	1	N/A
9/30/2017	19	-41	N/A	-1	N/A
6/30/2017	18	-68	N/A	-2	N/A
3/31/2017	15	-61	N/A	-5	N/A
12/31/2016	11	-48	N/A	-8	N/A
9/30/2016	9	-26	N/A	-6	N/A
6/30/2016	6	-4	N/A	-5	N/A
3/31/2016	3	-4	N/A	-5	N/A
12/31/2015	0	-4	N/A	-5	N/A
9/30/2015	0	-4	N/A	-4	N/A
6/30/2015	N/A	-4	N/A	-4	N/A
3/31/2015	0	-4	N/A	-4	N/A
12/31/2014	0	-4	N/A	-4	N/A
9/30/2014	0	-5	N/A	-4	N/A
6/30/2014	0	-6	N/A	-5	N/A
3/31/2014	0	-8	N/A	-6	N/A
12/31/2013	0	-9	N/A	-7	N/A
9/30/2013	0	-12	N/A	-8	N/A
6/30/2013	0	-13	N/A	-9	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: PEN is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.3%).

Earnings vs Market: PEN is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: PEN is expected to become profitable in the next 3 years.

Revenue vs Market: PEN's revenue (38% per year) is forecast to grow faster than the Australian market (4.9% per year).

High Growth Revenue: PEN's revenue (38% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: PEN's Return on Equity is forecast to be high in 3 years time (31.9%)

Peninsula Energy Future Growth

Future criteria checks 6/6

Key information

Recent future growth updates

Forecast breakeven date pushed back to 2026

Price target increased by 12% to AU$0.27

Consensus EPS estimates fall by 100%

Forecast breakeven date moved forward to 2025

Price target decreased by 7.3% to AU$0.24

Consensus EPS estimates have been upgraded.

Recent updates

Forecast breakeven date pushed back to 2026

First half 2024 earnings released: US$0.007 loss per share (vs US$0.003 loss in 1H 2023)

New major risk - Share price stability

Price target increased by 12% to AU$0.27

Consensus EPS estimates fall by 100%

Peninsula Energy Limited's (ASX:PEN) Price Is Right But Growth Is Lacking After Shares Rocket 30%

New major risk - Shareholder dilution

Peninsula Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 50 million.

Forecast breakeven date moved forward to 2025

Price target decreased by 7.3% to AU$0.24

Analysts' Revenue Estimates For Peninsula Energy Limited (ASX:PEN) Are Surging Higher

Consensus EPS estimates have been upgraded.

Forecast breakeven date moved forward to 2025

New major risk - Share price stability

Peninsula Energy Limited has filed a Follow-on Equity Offering in the amount of AUD 50 million.

Peninsula Energy Limited has filed a Follow-on Equity Offering in the amount of AUD 50 million.

Is Peninsula Energy Limited (ASX:PEN) Trading At A 30% Discount?

Consensus estimates of losses per share improve by 68%

Consensus revenue estimates increase by 14%

Peninsula Energy Limited, Annual General Meeting, Nov 21, 2023

Full year 2023 earnings released: US$0.003 loss per share (vs US$0.005 loss in FY 2022)

Peninsula Energy Limited and Strata Energy Inc. Announces the Results for A Revised Production Plan on the Ross & Kendrick Production Areas Within its 100% Owed Flagship Lance Projects

New major risk - Financial position

MD, CEO & Director exercised options to buy AU$125k worth of stock.

Here's Why We're Not At All Concerned With Peninsula Energy's (ASX:PEN) Cash Burn Situation

New minor risk - Market cap size

Forecast breakeven date pushed back to 2026

Price target decreased by 9.9% to AU$0.33

Investors Will Want Peninsula Energy's (ASX:PEN) Growth In ROCE To Persist

New major risk - Financial position

Why We're Not Concerned About Peninsula Energy Limited's (ASX:PEN) Share Price

We're Not Worried About Peninsula Energy's (ASX:PEN) Cash Burn

First half 2023 earnings released: US$0.003 loss per share (vs US$0.004 loss in 1H 2022)

Peninsula Energy Limited Appoints Rachel Rees as Joint Company Secretary

MD, CEO & Director recently bought AU$183k worth of stock

Price target increased to AU$0.37

Consensus forecasts updated

Peninsula Energy Limited Announces Resignation of Ron Chamberlain as Chief Financial Officer

Consensus forecasts updated

Peninsula Energy Limited, Annual General Meeting, Nov 29, 2022

Full year 2022 earnings: EPS and revenues miss analyst expectations

MD, CEO & Director exercised options to buy AU$160k worth of stock.

Peninsula Energy (ASX:PEN) Is Experiencing Growth In Returns On Capital

Forecast breakeven date pushed back to 2023

Less than half of directors are independent

Peninsula Energy Limited Appoints Brian Booth as Non-Executive Director

We're Not Very Worried About Peninsula Energy's (ASX:PEN) Cash Burn Rate

Price target increased to AU$0.43

High number of new directors

First half 2022 earnings: EPS and revenues miss analyst expectations

There's Been No Shortage Of Growth Recently For Peninsula Energy's (ASX:PEN) Returns On Capital

Forecast to breakeven in 2022

Peninsula Energy Limited to Provide an Update on Key Preparatory Activities for the 100%-Owned Lance Project

Peninsula Energy Limited Announces Appointment of Rachel Rees as Non-Executive Director

Peninsula Energy (ASX:PEN) Might Have The Makings Of A Multi-Bagger

Full year 2021 earnings released: US$0.002 loss per share (vs US$0.027 loss in FY 2020)

Peninsula Energy (ASX:PEN) Is In A Strong Position To Grow Its Business

Peninsula Energy Limited Provides the Update on the MU1A Low-Ph Field Demonstration At the Lance Project ("Lance") Located in Wyoming, USA

Price target increased to AU$0.30

Price target decreased to AU$0.26

Peninsula Energy (ASX:PEN) Might Have The Makings Of A Multi-Bagger

MD, CEO & Director exercised options to buy AU$184k worth of stock.

Peninsula Energy Limited Provides Update on the MU1A Low-pH Field Demonstration

Price target increased to AU$0.28

Consensus forecasts updated

Peninsula Energy's (ASX:PEN) Returns On Capital Are Heading Higher

Price target increased to AU$0.26

Price target increased to AU$0.26

Peninsula Energy Limited to Provide an Update on the MU1A Low-pH Field Demonstration at its 100% Owned Lance Project (‘Lance’) in Wyoming, USA