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PRM

Prominence EnergyASX:PRM Stock Report

Market Cap

AU$17.9m

7D

14.3%

1Y

128.6%

Updated

15 Oct, 2021

Data

Company Financials
PRM fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance3/6
Financial Health4/6
Dividends0/6

PRM Overview

Prominence Energy Ltd engages in the exploration, development, and production of oil and gas projects in Australia and the United States.

Prominence Energy Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Prominence Energy
Historical stock prices
Current Share PriceAU$0.016
52 Week HighAU$0.005
52 Week LowAU$0.022
Beta1.13
1 Month Change33.33%
3 Month Change18.52%
1 Year Change128.57%
3 Year Change-60.00%
5 Year Change-82.22%
Change since IPO-99.98%

Recent News & Updates

Shareholder Returns

PRMAU Oil and GasAU Market
7D14.3%0.4%0.1%
1Y128.6%48.8%19.3%

Return vs Industry: PRM exceeded the Australian Oil and Gas industry which returned 48.8% over the past year.

Return vs Market: PRM exceeded the Australian Market which returned 19.3% over the past year.

Price Volatility

Is PRM's price volatile compared to industry and market?
PRM volatility
PRM Beta1.13
Industry Beta1.28
Market Beta1

Stable Share Price: PRM is more volatile than 90% of Australian stocks over the past 3 months, typically moving +/- 17% a week.

Volatility Over Time: PRM's weekly volatility (17%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
1986n/aAlex Parkshttps://www.prominenceenergy.com.au

Prominence Energy Ltd engages in the exploration, development, and production of oil and gas projects in Australia and the United States. It holds a 100% working interest in Bowsprit oil project comprising 577 net acres located to the southeast of New Orleans. The company was formerly known as Sun Resources NL and changed its name to Prominence Energy NL in December 2019.

Prominence Energy Fundamentals Summary

How do Prominence Energy's earnings and revenue compare to its market cap?
PRM fundamental statistics
Market CapAU$17.90m
Earnings (TTM)AU$1.21m
Revenue (TTM)n/a

13.2x

P/E Ratio

0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PRM income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
Expenses-AU$1.21m
EarningsAU$1.21m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.0012
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.2%

How did PRM perform over the long term?

See historical performance and comparison

Valuation

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

13.22x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: PRM is good value based on its PE Ratio (13.2x) compared to the Australian Oil and Gas industry average (29.3x).

PE vs Market: PRM is good value based on its PE Ratio (13.2x) compared to the Australian market (19.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PRM's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PRM is overvalued based on its PB Ratio (5.5x) compared to the AU Oil and Gas industry average (2.5x).


Future Growth

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

8.4%

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 Prominence 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.


Past Performance

How has Prominence Energy performed over the past 5 years?

72.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PRM has a large one-off gain of A$1.9M impacting its June 30 2021 financial results.

Growing Profit Margin: PRM became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: PRM has become profitable over the past 5 years, growing earnings by 72.5% per year.

Accelerating Growth: PRM has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: PRM has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-50.5%).


Return on Equity

High ROE: PRM's Return on Equity (41.9%) is considered outstanding.


Financial Health

How is Prominence Energy's financial position?


Financial Position Analysis

Short Term Liabilities: PRM's short term assets (A$2.7M) exceed its short term liabilities (A$1.3M).

Long Term Liabilities: PRM has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: PRM's debt to equity ratio (0.2%) is considered satisfactory.

Reducing Debt: PRM had negative shareholder equity 5 years ago, but is now positive and has therefore improved.

Debt Coverage: PRM's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if PRM's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is Prominence Energy current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

5.0yrs

Average board tenure


CEO

Alex Parks (46 yo)

3.92yrs

Tenure

AU$260,785

Compensation

Mr. Alexander Bevan Parks, also known as Alex, GAICD, MEng has been Chief Executive Officer and Managing Director of Prominence Energy NL (formerly known as Sun Resources NL) since November 02, 2017. He se...


CEO Compensation Analysis

Compensation vs Market: Alex's total compensation ($USD193.39K) is below average for companies of similar size in the Australian market ($USD300.24K).

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


Board Members

Experienced Board: PRM's board of directors are considered experienced (5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: PRM insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 102.9%.


Top Shareholders

Company Information

Prominence Energy Ltd's employee growth, exchange listings and data sources


Key Information

  • Name: Prominence Energy Ltd
  • Ticker: PRM
  • Exchange: ASX
  • Founded: 1986
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: AU$17.895m
  • Shares outstanding: 994.19m
  • Website: https://www.prominenceenergy.com.au

Location

  • Prominence Energy Ltd
  • P.O. Box 1786
  • West Perth
  • Western Australia
  • 6872
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/15 07:03
End of Day Share Price2021/10/15 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.