ASX:PGY

Stock Analysis Report

Executive Summary

Pilot Energy Limited engages in the acquisition, exploration, and development of conventional oil and gas assets in Australia.


Snowflake Analysis

Weak fundamentals or lack of information.

Share Price & News

How has Pilot Energy's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

PGY

4.4%

AU Oil and Gas

0.1%

AU Market


1 Year Return

-7.7%

PGY

-48.2%

AU Oil and Gas

-22.8%

AU Market

Return vs Industry: PGY exceeded the Australian Oil and Gas industry which returned -48.2% over the past year.

Return vs Market: PGY exceeded the Australian Market which returned -22.8% over the past year.


Shareholder returns

PGYIndustryMarket
7 Day0%4.4%0.1%
30 Day-36.8%-40.3%-28.8%
90 Day-45.5%-49.4%-30.1%
1 Year-7.7%-7.7%-46.2%-48.2%-19.4%-22.8%
3 Year-88.0%-88.0%-40.3%-47.6%-9.5%-21.7%
5 Year-88.0%-92.0%-40.0%-50.7%2.1%-20.8%

Price Volatility Vs. Market

How volatile is Pilot Energy's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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


In this section, we usually try to help investors determine whether Pilot Energy is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Pilot Energy has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of PGY’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the potential returns from the core activities, the size of each contract's opportunity, and the capacity of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Pilot Energy regulatory filings.
  • Explore potentially undervalued companies in the Energy industry.

Future Growth

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

14.4%

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 Pilot Energy 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 Pilot Energy performed over the past 5 years?

47.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PGY is currently unprofitable.

Growing Profit Margin: PGY is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PGY is unprofitable, but has reduced losses over the past 5 years at a rate of 47.4% per year.

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

Earnings vs Industry: PGY is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-16%).


Return on Equity

High ROE: PGY's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is Pilot Energy's financial position?


Financial Position Analysis

Short Term Liabilities: PGY has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: PGY has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: PGY has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: PGY's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet

Inventory Level: PGY has a low level of unsold assets or inventory.

Debt Coverage by Assets: PGY has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.


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: PGY has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: PGY has less than a year of cash runway if free cash flow continues to grow at historical rates of 34.9% each year.


Next Steps

Dividend

What is Pilot Energy's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

1.5yrs

Average board tenure


CEO

Alan Teimoori

0.67

Tenure

AU$297,462

Compensation

Mr. Alan Teimoori serves as the Chief Executive Officer at Pilot Energy Limited since 2019. Mr. Teimoori served as Acting Chief Executive Officer at Pilot Energy Limited since July 31, 2019 until 2019. Mr. ...


CEO Compensation Analysis

Compensation vs Market: Alan's total compensation ($USD182.45K) is about average for companies of similar size in the Australian market ($USD242.11K).

Compensation vs Earnings: Insufficient data to compare Alan's compensation with company performance.


Board Members

NamePositionTenureCompensationOwnership
Michael Lonergan
Non-Executive Director2.25yrsAU$49.63kno data
Walker Li
Non-Executive Director1.5yrsno data20% A$190.7k
Guoping Bai
Non-Executive Director0.75yrno datano data

1.5yrs

Average Tenure

Experienced Board: PGY's board of directors are not considered experienced ( 1.5 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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 24.9%.


Top Shareholders

Company Information

Pilot Energy Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Pilot Energy Limited
  • Ticker: PGY
  • Exchange: ASX
  • Founded: 1998
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: AU$953.647k
  • Shares outstanding: 79.47m
  • Website: https://www.pilotenergy.com.au

Location

  • Pilot Energy Limited
  • Grosvenor Place
  • Level 12
  • Sydney
  • New South Wales
  • 2000
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PGYASX (Australian Securities Exchange)YesCommon SharesAUAUDMay 2013
PGYCHIA (Chi-X Australia)YesCommon SharesAUAUDMay 2013

Biography

Pilot Energy Limited engages in the acquisition, exploration, and development of conventional oil and gas assets in Australia. It holds 60% working interests in EP416 and EP480 exploration permits covering an area of 2,310 square kilometers located in southern Perth Basin; and a 13.058% working interest in the EP437 situated in the northern Perth Basin. The company also holds a 60% working interest in WA-481-P exploration permit covering 17,475 square kilometers located to the west of the onshore Dongara, and Cliff Head oil fields. The company was formerly known as Rampart Energy Ltd and changed its name to Pilot Energy Limited in May 2013. Pilot Energy Limited was incorporated in 1998 and is based in Sydney, Australia. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/28 10:41
End of Day Share Price2020/03/27 00:00
Earnings2019/09/30
Annual Earnings2019/09/30


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.