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Planet Gas

ASX:PGS
Snowflake Description

Mediocre balance sheet and slightly overvalued.

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

Planet Gas Limited, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in Australia and the United States. The last earnings update was 187 days ago. More info.


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PGS Share Price and Events
7 Day Returns
0%
ASX:PGS
4.3%
AU Oil and Gas
0.3%
AU Market
1 Year Returns
-42.9%
ASX:PGS
8%
AU Oil and Gas
1.8%
AU Market
PGS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Planet Gas (PGS) 0% 0% 33.3% -42.9% 100% -73.3%
AU Oil and Gas 4.3% 7.9% 6.2% 8% 43.7% -36%
AU Market 0.3% 3.7% 3.8% 1.8% 26% 3.7%
1 Year Return vs Industry and Market
  • PGS underperformed the Oil and Gas industry which returned 8% over the past year.
  • PGS underperformed the Market in Australia which returned 1.8% over the past year.
Price Volatility
PGS
Industry
5yr Volatility vs Market

Value

 Is Planet Gas 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
Here we compare the current share price of Planet Gas to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Planet Gas.

ASX:PGS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 17.7%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:PGS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 7.7%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 1.02
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.024 (1 + (1- 30%) (174.84%))
2.276
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (2 * 7.69%)
17.69%

Discounted Cash Flow Calculation for ASX:PGS using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Planet Gas is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

ASX:PGS DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (AUD, Millions) 0.41 0.49 0.58 0.68 0.79
Source Est @ 20%, capped from 47.92% Est @ 19%, capped from 47.92% Est @ 18%, capped from 47.92% Est @ 17%, capped from 47.92% Est @ 16%, capped from 47.92%
Present Value
Discounted (@ 17.69%)
0.35 0.35 0.36 0.35 0.35
Present value of next 5 years cash flows A$1.76
ASX:PGS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= A$0.79 × (1 + 2.31%) ÷ (17.69% – 2.31%)
A$5.23
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= A$5.23 ÷ (1 + 17.69%)5
A$2.32
ASX:PGS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= A$1.76 + A$2.32
A$4.08
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$4.08 / 537.62
A$0.01
ASX:PGS Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$0.01
Current discount Discount to share price of A$0.00
= -1 x (A$0.00 - A$0.01) / A$0.01
47.3%

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

Current Discount
Amount off the current price Planet Gas is available for.
Intrinsic value
47%
Share price is A$0.004 vs Future cash flow value of A$0.00759
Current Discount Checks
For Planet Gas to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Planet Gas's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Planet Gas's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Planet Gas's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Planet Gas's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:PGS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in AUD A$-0.00
ASX:PGS Share Price ** ASX (2018-11-19) in AUD A$0
Australia Oil and Gas Industry PE Ratio Median Figure of 28 Publicly-Listed Oil and Gas Companies 12.7x
Australia Market PE Ratio Median Figure of 559 Publicly-Listed Companies 15.71x

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

** Primary Listing of Planet Gas.

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

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

= 0 ÷ -0.00

-3.09x

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

  • Planet Gas is loss making, we can't compare its value to the AU Oil and Gas industry average.
  • Planet Gas is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does Planet Gas's expected growth come at a high price?
Raw Data
ASX:PGS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -3.09x
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 0.25x
Australia Market PEG Ratio Median Figure of 361 Publicly-Listed Companies 1.41x

*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 Planet Gas, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Planet Gas's assets?
Raw Data
ASX:PGS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in AUD A$-0.00
ASX:PGS Share Price * ASX (2018-11-19) in AUD A$0
Australia Oil and Gas Industry PB Ratio Median Figure of 141 Publicly-Listed Oil and Gas Companies 1.17x
Australia Market PB Ratio Median Figure of 1,664 Publicly-Listed Companies 1.64x
ASX:PGS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0 ÷ -0.00

-1.32x

* Primary Listing of Planet Gas.

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

  • Planet Gas has negative assets, we can't compare the value of its assets to the AU Oil and Gas industry average.
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Value checks
We assess Planet Gas'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. Planet Gas has a total score of 2/6, 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 Planet Gas 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 Planet 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 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
7.6%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Planet Gas expected to grow at an attractive rate?
  • Unable to compare Planet Gas's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Planet Gas's earnings growth to the Australia market average as no estimate data is available.
  • Unable to compare Planet Gas's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:PGS Future Growth Rates Data Sources
Data Point Source Value (per year)
Australia Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 7.6%
Australia Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 3.7%
Australia Market Earnings Growth Rate Market Cap Weighted Average 5.8%
Australia Market Revenue Growth Rate Market Cap Weighted Average 2.3%

*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:PGS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (7 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:PGS Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-06-30 0 0 -1
2018-03-31 0 0 -1
2017-12-31 0 -0 -1
2017-09-30 0 -0 -1
2017-06-30 0 -0 -1
2017-03-31 0 -0 -1
2016-12-31 0 -0 -1
2016-09-30 0 -0 -3
2016-06-30 0 -0 -4
2016-03-31 0 -0 -4
2015-12-31 0 -1 -4
2015-09-30 0 -1 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Planet Gas is high growth as no earnings estimate data is available.
  • Unable to determine if Planet Gas 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:PGS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Planet Gas Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:PGS Past Financials Data
Date (Data in AUD Millions) EPS *
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 -0.00
2016-12-31 -0.00
2016-09-30 -0.00
2016-06-30 -0.01
2016-03-31 -0.01
2015-12-31 -0.01
2015-09-30 -0.00

*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 Planet Gas will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Planet Gas'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
  2. Planet Gas's competitive advantages and company strategy can generally be found in its financial reports archived here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
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Future performance checks
We assess Planet Gas'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.
Planet Gas 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 Planet Gas performed over the past 5 years?

  • Planet Gas's last earnings update was 187 days ago.
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 Planet Gas'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.
  • Planet Gas does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Planet Gas's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Planet Gas's 1-year growth to the AU Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Planet Gas'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 Planet Gas Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:PGS Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 0.39 -0.70 0.55
2018-03-31 0.38 -0.73 0.56
2017-12-31 0.36 -0.75 0.56
2017-09-30 0.35 -0.81 0.56
2017-06-30 0.34 -0.86 0.56
2017-03-31 0.31 -1.00 0.60
2016-12-31 0.28 -1.15 0.64
2016-09-30 0.30 -2.63 0.68
2016-06-30 0.31 -4.11 0.71
2016-03-31 0.32 -4.01 0.74
2015-12-31 0.34 -3.90 0.77
2015-09-30 0.24 -2.37 0.79
2015-06-30 0.15 -0.83 0.80
2015-03-31 0.08 -0.77 0.79
2014-12-31 0.00 -0.71 0.78
2014-09-30 0.00 1.71 0.76
2014-06-30 0.00 4.13 0.74
2014-03-31 0.00 4.08 0.77
2013-12-31 0.00 4.03 0.80
2013-09-30 0.00 -0.14 0.98
2013-06-30 0.00 -4.31 1.16
2013-03-31 0.00 -4.94 1.49
2012-12-31 0.00 -5.56 1.82
2012-09-30 0.00 -4.35 2.09
2012-06-30 0.00 -3.14 2.36
2012-03-31 0.00 -5.23 2.40

*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 Planet Gas has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if Planet Gas 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 Planet Gas improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.
X
Past performance checks
We assess Planet Gas'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.
Planet Gas 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 Planet Gas'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 Planet Gas's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Planet Gas's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Planet Gas has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Planet Gas'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.
  • Planet Gas has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
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 Planet Gas Company Filings, last reported 7 months ago.

ASX:PGS Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 -1.63 3.76 0.02
2018-03-31 -1.63 3.76 0.02
2017-12-31 -1.21 3.76 0.14
2017-09-30 -1.21 3.76 0.14
2017-06-30 -0.87 3.81 0.14
2017-03-31 -0.87 3.81 0.14
2016-12-31 -0.56 4.28 0.39
2016-09-30 -0.56 4.28 0.39
2016-06-30 -0.06 4.13 0.40
2016-03-31 -0.06 4.13 0.40
2015-12-31 0.61 4.42 0.76
2015-09-30 0.61 4.42 0.76
2015-06-30 3.94 4.21 1.16
2015-03-31 3.94 4.21 1.16
2014-12-31 4.40 0.00 3.47
2014-09-30 4.40 0.00 3.47
2014-06-30 4.76 0.00 3.93
2014-03-31 4.76 0.00 3.93
2013-12-31 5.13 0.00 4.41
2013-09-30 5.13 0.00 4.41
2013-06-30 0.62 0.00 0.09
2013-03-31 0.62 0.00 0.09
2012-12-31 1.11 0.00 0.44
2012-09-30 1.11 0.00 0.44
2012-06-30 5.06 0.00 1.10
2012-03-31 5.06 0.00 1.10
  • Planet Gas has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Planet Gas's debt level has increased considering it has negative shareholder equity.
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.

  • Whilst loss making Planet Gas has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Planet Gas has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -126.6% per year.
X
Financial health checks
We assess Planet Gas'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. Planet Gas has a total score of 3/6, 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 Planet Gas'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 Planet Gas dividends.
If you bought A$2,000 of Planet Gas 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 Planet Gas's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Planet Gas'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:PGS 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 11 Stocks 4.5%
Australia Market Average Dividend Yield Market Cap Weighted Average of 419 Stocks 4.4%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.6%
Australia Bottom 25% Dividend Yield 25th Percentile 2.7%
Australia Top 25% Dividend Yield 75th Percentile 6.1%

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 Planet Gas has not reported any payouts.
  • Unable to verify if Planet Gas's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Planet Gas's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Planet Gas 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 Planet Gas'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 Planet Gas afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Planet Gas 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 Planet Gas'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.
  • Planet Gas has no CEO, or we have no data on them.
Management Team

Norm Seckold

TITLE
Executive Chairman
COMPENSATION
A$90K
AGE
70

Peter Nightingale

TITLE
CFO & Executive Director
COMPENSATION
A$75K
AGE
61

Marcelo Mora

TITLE
Company Secretary
TENURE
6.4 yrs
Board of Directors Tenure

Average tenure and age of the Planet Gas board of directors in years:

15.4
Average Tenure
65.5
Average Age
  • The average tenure for the Planet Gas board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Norm Seckold

TITLE
Executive Chairman
COMPENSATION
A$90K
AGE
70

Peter Nightingale

TITLE
CFO & Executive Director
COMPENSATION
A$75K
AGE
61
TENURE
17.2 yrs

Tony McDonald

TITLE
Independent Non Executive Director
COMPENSATION
A$60K
AGE
60
TENURE
15.3 yrs

Anthony McClure

TITLE
Non-Executive Director
COMPENSATION
A$24K
TENURE
15.5 yrs

Bob Bell

TITLE
Independent Non-Executive Director
COMPENSATION
A$24K
AGE
79
TENURE
11.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
X
Management checks
We assess Planet Gas'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. Planet Gas 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

How Does Planet Gas Limited (ASX:PGS) Affect Your Portfolio Returns?

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.

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Why Planet Gas Limited's (ASX:PGS) Investor Composition Impacts Your Returns

I am going to take a deep dive into Planet Gas Limited’s (ASX:PGS) most recent ownership structure, not a frequent subject of discussion among individual investors. … A company's ownership structure is often linked to its share performance in both the long- and short-term. … Differences in ownership structure of companies can have a profound effect on how management's incentives are aligned with shareholder returns, and whether they adhere to corporate governance best practices.

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Should You Be Concerned About Planet Gas Limited's (ASX:PGS) Investors?

Today, I will be analyzing Planet Gas Limited’s (ASX:PGS) recent ownership structure, an important but not-so-popular subject among individual investors. … Private Company Ownership Potential investors in PGS should also look at another important group of investors: private companies, with a stake of 19.29%, who are primarily invested because of strategic and capital gain interests. … Thus, potential investors should look into these business relations and check how it can impact long-term shareholder returns.Next Steps: A relatively significant holding of company insiders could mean high alignment with shareholders.

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Planet Gas Limited (ASX:PGS): How Does It Impact Your Portfolio?

A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … A market capitalisation of AU$2.69M puts PGS in the category of small-cap stocks, which tends to possess higher beta than larger companies. … As a result, we should expect higher beta for small-cap stocks in a cyclical industry compared to larger stocks in a defensive industry.

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Was Planet Gas Limited's (ASX:PGS) Earnings Growth Better Than The Industry's?

ASX:PGS Income Statement Apr 5th 18 We can further evaluate Planet Gas's loss by looking at what the industry has been experiencing over the past few years. … Each year, for the past five years Planet Gas's top-line has risen by 53.42% on average, indicating that the company is in a high-growth period with expenses racing ahead revenues, leading to annual losses. … Planet Gas's track record can be a valuable insight into its earnings performance, but it certainly doesn't tell the whole story.

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Who Owns Most Of Planet Gas Limited (ASX:PGS)?

This size of ownership gives retail investors collective power in deciding on major policy decisions such as executive compensation, appointment of directors and acquisitions of businesses. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions. … Thus, potential investors should look into these business relations and check how it can impact long-term shareholder returns.What this means for you: A relatively significant holding of company insiders could mean high alignment with shareholders.

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Planet Gas Limited (ASX:PGS): Risks You Need To Consider Before Buying

A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … Planet Gas has a beta of 1.16, which means that the percentage change in its stock value will be higher than the entire market in times of booms and busts. … An asset-heavy company tends to have a higher beta because the risk associated with running fixed assets during a downturn is highly expensive.

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Should You Be Content With Planet Gas Limited's (ASX:PGS) Earnings Growth?

View our latest analysis for Planet Gas Commentary On PGS's Past Performance I prefer to use the ‘latest twelve-month’ data, which annualizes the latest 6-month earnings release, or some times, the latest annual report is already the most recent financial data. … Since these values may be fairly short-term, I have computed an annualized five-year value for Planet Gas's net income, which stands at -A$2.6M. … ASX:PGS Income Statement Dec 28th 17 We can further assess Planet Gas's loss by researching what has been happening in the industry as well as within the company.

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Have Investors Already Priced In Oil & Gas Growth For Planet Gas Limited (ASX:PGS)?

However, energy-sector analysts are forecasting for the entire industry, negative growth in the upcoming year , and a low 7.36% growth over the next couple of years. … This rate is below the growth rate of the Australian stock market as a whole. … 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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Company Info

Map
Description

Planet Gas Limited, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in Australia and the United States. The company primarily holds interest in a conventional and unconventional hydrocarbon area covering 1,917 square kilometers located in the Cooper Basin of north eastern South Australia. It also has a 3% overriding royalty interest over oil and gas production assets in Kansas, Pennsylvania, and New York State. The company is based in Sydney, Australia.

Details
Name: Planet Gas Limited
PGS
Exchange: ASX
Founded:
A$2,150,490
537,622,535
Website: http://www.planetgas.com
Address: Planet Gas Limited
66 Hunter Street,
Level 2,
Sydney,
New South Wales, 2000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX PGS Ordinary Shares Australian Securities Exchange AU AUD 11. Mar 2004
CHIA PGS Ordinary Shares Chi-X Australia AU AUD 11. Mar 2004
Number of employees
Current staff
Staff numbers
0
Planet Gas employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/16 10:31
End of day share price update: 2018/11/19 00:00
Last earnings filing: 2018/08/13
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


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.