PRM Stock 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
|Historical stock prices|
|Current Share Price||AU$0.002|
|52 Week High||AU$0.019|
|52 Week Low||AU$0.001|
|1 Month Change||0%|
|3 Month Change||0%|
|1 Year Change||-84.62%|
|3 Year Change||-93.33%|
|5 Year Change||-96.00%|
|Change since IPO||-100.00%|
Recent News & Updates
|PRM||AU Oil and Gas||AU Market|
Return vs Industry: PRM underperformed the Australian Oil and Gas industry which returned 15.5% over the past year.
Return vs Market: PRM underperformed the Australian Market which returned -12.6% over the past year.
|PRM Average Weekly Movement||34.5%|
|Oil and Gas Industry Average Movement||11.7%|
|Market Average Movement||9.6%|
|10% most volatile stocks in AU Market||16.8%|
|10% least volatile stocks in AU Market||4.2%|
Stable Share Price: PRM is more volatile than 90% of Australian stocks over the past 3 months, typically moving +/- 35% a week.
Volatility Over Time: PRM's weekly volatility (35%) has been stable over the past year, but is still higher than 75% of Australian stocks.
About the Company
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
|PRM fundamental statistics|
Is PRM overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|PRM income statement (TTM)|
|Cost of Revenue||AU$0|
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.00006|
|Net Profit Margin||0.00%|
How did PRM perform over the long term?See historical performance and comparison
Is PRM undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 2/6
Price-To-Book vs Peers
Price-To-Book vs Industry
Price-To-Book vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for PRM?
Other financial metrics that can be useful for relative valuation.
|What is PRM's n/a Ratio?|
Price to Book Ratio vs Peers
How does PRM's PB Ratio compare to its peers?
|PRM PB Ratio vs Peers|
|Company||PB||Estimated Growth||Market Cap|
IPB IPB Petroleum
KEY Key Petroleum
GLV Global Oil & Gas
PRM Prominence Energy
Price-To-Book vs Peers: PRM is good value based on its Price-To-Book Ratio (0.7x) compared to the peer average (2.8x).
Price to Earnings Ratio vs Industry
How does PRM's PE Ratio compare vs other companies in the AU Oil and Gas Industry?
Price-To-Book vs Industry: PRM is good value based on its Price-To-Book Ratio (0.7x) compared to the Australian Oil and Gas industry average (1.8x)
Price to Book Ratio vs Fair Ratio
What is PRM's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PB Ratio||0.7x|
|Fair PB Ratio||n/a|
Price-To-Book vs Fair Ratio: Insufficient data to calculate PRM's Price-To-Book Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of PRM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: Insufficient data to calculate PRM's fair value for valuation analysis.
Significantly Below Fair Value: Insufficient data to calculate PRM's fair value for valuation analysis.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
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How is Prominence Energy forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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.
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- Examine Prominence Energy's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Prominence Energy competitive advantages and company strategy can generally be found in its financial reports archived here.
How has Prominence Energy performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PRM is currently unprofitable.
Growing Profit Margin: PRM is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: PRM is unprofitable, but has reduced losses over the past 5 years at a rate of 67.7% per year.
Accelerating Growth: Unable to compare PRM's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: PRM is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (653.3%).
Return on Equity
High ROE: PRM has a negative Return on Equity (-2.05%), as it is currently unprofitable.
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How is Prominence Energy's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: PRM's short term assets (A$2.7M) exceed its short term liabilities (A$862.2K).
Long Term Liabilities: PRM has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: PRM has more cash than its total debt.
Reducing Debt: PRM had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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: PRM has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: PRM has less than a year of cash runway if free cash flow continues to grow at historical rates of 0.6% each year.
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What is Prominence Energy current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Dividend Yield vs Market
|Prominence Energy Dividend Yield vs Market|
|Company (Prominence Energy)||n/a|
|Market Bottom 25% (AU)||2.8%|
|Market Top 25% (AU)||7.2%|
|Industry Average (Oil and Gas)||8.3%|
|Analyst forecast in 3 Years (Prominence Energy)||n/a|
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.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as PRM has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Alex Parks (47 yo)
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
|Alex Parks's Compensation vs Prominence Energy Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Dec 31 2021||n/a||n/a|
|Sep 30 2021||n/a||n/a|
|Jun 30 2021||AU$261k||AU$187k|
|Mar 31 2021||n/a||n/a|
|Dec 31 2020||n/a||n/a|
|Sep 30 2020||n/a||n/a|
|Jun 30 2020||AU$323k||AU$185k|
|Mar 31 2020||n/a||n/a|
|Dec 31 2019||n/a||n/a|
|Sep 30 2019||n/a||n/a|
|Jun 30 2019||AU$264k||AU$150k|
|Mar 31 2019||n/a||n/a|
|Dec 31 2018||n/a||n/a|
|Sep 30 2018||n/a||n/a|
|Jun 30 2018||AU$379k||AU$202k|
|Mar 31 2018||n/a||n/a|
|Dec 31 2017||n/a||n/a|
|Sep 30 2017||n/a||n/a|
|Jun 30 2017||AU$41k||n/a|
|Mar 31 2017||n/a||n/a|
|Dec 31 2016||n/a||n/a|
|Sep 30 2016||n/a||n/a|
|Jun 30 2016||AU$18k||n/a|
Compensation vs Market: Alex's total compensation ($USD169.06K) is below average for companies of similar size in the Australian market ($USD272.76K).
Compensation vs Earnings: Alex's compensation has been consistent with company performance over the past year.
Experienced Management: PRM's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
Experienced Board: PRM's board of directors are not considered experienced ( 1.2 years average tenure), which suggests a new board.
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.
Recent Insider Transactions
|22 Jun 22||BuyAU$53,552||Fast Lane Australia Pty Ltd||Company||26,672,812||AU$0.002|
|01 Jun 22||BuyAU$169,024||Fast Lane Australia Pty Ltd||Company||21,000,000||AU$0.0081|
|01 Nov 21||SellAU$496,945||Fast Lane Australia Pty Ltd||Company||70,000,000||AU$0.0071|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 156.1%.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Prominence Energy Ltd's employee growth, exchange listings and data sources
- Name: Prominence Energy Ltd
- Ticker: PRM
- Exchange: ASX
- Founded: 1986
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Implied Market Cap: AU$4.849m
- Shares outstanding: 2.42b
- Website: https://www.prominenceenergy.com.au
- Prominence Energy Ltd
- P.O. Box 1786
- West Perth
- Western Australia
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|PRM||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Jan 1994|
|RSX||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jan 1994|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/29 00:00|
|End of Day Share Price||2022/09/29 00:00|
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.