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PRM

Prominence Energy ASX:PRM Stock Report

Last Price

AU$0.002

Market Cap

AU$4.8m

7D

0%

1Y

-84.6%

Updated

29 Sep, 2022

Data

Company Financials
PRM fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

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

Summary of all time highs, changes and price drops for Prominence Energy
Historical stock prices
Current Share PriceAU$0.002
52 Week HighAU$0.019
52 Week LowAU$0.001
Beta1.36
1 Month Change-20.00%
3 Month Change0%
1 Year Change-84.62%
3 Year Change-93.33%
5 Year Change-96.00%
Change since IPO-100.00%

Recent News & Updates

Shareholder Returns

PRMAU Oil and GasAU Market
7D0%-6.9%-3.8%
1Y-84.6%15.5%-12.6%

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.

Price Volatility

Is PRM's price volatile compared to industry and market?
PRM volatility
PRM Average Weekly Movement34.5%
Oil and Gas Industry Average Movement11.7%
Market Average Movement9.6%
10% most volatile stocks in AU Market16.8%
10% least volatile stocks in AU Market4.2%

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

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$4.85m
Earnings (TTM)-AU$152.76k
Revenue (TTM)n/a

0.0x

P/S Ratio

-33.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PRM income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
Other ExpensesAU$152.76k
Earnings-AU$152.76k

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.00006
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.03%

How did PRM perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is PRM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

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

  • Analyst Forecast

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.

PRM key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDA-2.9x
PEG Ration/a

Price to Book Ratio vs Peers

How does PRM's PB Ratio compare to its peers?

PRM PB Ratio vs Peers
The above table shows the PB ratio for PRM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average2.8x
OXX Octanex
7.7xn/aAU$4.9m
IPB IPB Petroleum
0.8xn/aAU$3.7m
KEY Key Petroleum
2.6xn/aAU$3.9m
GLV Global Oil & Gas
0.3xn/aAU$6.2m
PRM Prominence Energy
0.7xn/aAU$4.8m

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.

PRM PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio0.7x
Fair PB Ration/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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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-10.0%

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.


Discover growth companies

  • 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.

Past Performance

How has Prominence Energy performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


67.7%

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.


Discover strong past performing companies

Financial Health

How is Prominence Energy's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • 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.


Balance Sheet


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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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Prominence Energy Dividend Yield vs Market
How does Prominence Energy dividend yield compare to the market?
SegmentDividend Yield
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.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

1.9yrs

Average management tenure


CEO

Alex Parks (47 yo)

6.58yrs

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

Alex Parks's Compensation vs Prominence Energy Earnings
How has Alex Parks's remuneration changed compared to Prominence Energy's earnings?
DateTotal Comp.SalaryCompany Earnings
Dec 31 2021n/an/a

-AU$153k

Sep 30 2021n/an/a

AU$526k

Jun 30 2021AU$261kAU$187k

AU$1m

Mar 31 2021n/an/a

AU$891k

Dec 31 2020n/an/a

AU$576k

Sep 30 2020n/an/a

-AU$230k

Jun 30 2020AU$323kAU$185k

-AU$1m

Mar 31 2020n/an/a

-AU$1m

Dec 31 2019n/an/a

-AU$1m

Sep 30 2019n/an/a

-AU$1m

Jun 30 2019AU$264kAU$150k

-AU$1m

Mar 31 2019n/an/a

-AU$1m

Dec 31 2018n/an/a

-AU$1m

Sep 30 2018n/an/a

-AU$935k

Jun 30 2018AU$379kAU$202k

-AU$813k

Mar 31 2018n/an/a

-AU$771k

Dec 31 2017n/an/a

-AU$729k

Sep 30 2017n/an/a

-AU$2m

Jun 30 2017AU$41kn/a

-AU$3m

Mar 31 2017n/an/a

-AU$6m

Dec 31 2016n/an/a

-AU$9m

Sep 30 2016n/an/a

-AU$12m

Jun 30 2016AU$18kn/a

-AU$14m

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.


Leadership Team

Experienced Management: PRM's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Members

Experienced Board: PRM's board of directors are not considered experienced ( 1.2 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.


Recent Insider Transactions

ASX:PRM Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
22 Jun 22BuyAU$53,552Fast Lane Australia Pty LtdCompany26,672,812AU$0.002
01 Jun 22BuyAU$169,024Fast Lane Australia Pty LtdCompany21,000,000AU$0.0081
01 Nov 21SellAU$496,945Fast Lane Australia Pty LtdCompany70,000,000AU$0.0071

Ownership Breakdown

What is the ownership structure of PRM?
Owner TypeNumber of SharesOwnership Percentage
Institutions70,000,0012.9%
Private Companies215,344,7598.9%
Individual Insiders217,674,1459.0%
General Public1,921,589,91479.3%

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 156.1%.


Top Shareholders

Top 25 shareholders own 20.75% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
4.43%
Fast Lane Australia Pty Ltd
107,349,370A$214.7k79.89%no data
2.89%
Paul Neate
70,000,000A$140.0k0%no data
2.25%
Bellarine Gold Pty Ltd.
54,596,245A$109.2k0%no data
2.06%
Gtt Global Opportunities Pty Ltd
50,000,000A$100.0k0%11.55%
1.14%
Ian McCubbing
27,562,514A$55.1k0%no data
0.98%
Hix Corp Pty Ltd
23,675,000A$47.4k0%no data
0.9%
Pinnacle Exploration Pte Ltd
21,724,144A$43.4k0%no data
0.82%
Yuejin Li
20,000,000A$40.0k0%no data
0.62%
Boris Patkin
15,000,000A$30.0k0%no data
0.52%
Alexander Parks
12,500,000A$25.0k0%no data
0.45%
Carl Thomas
10,871,684A$21.7k0%no data
0.41%
Suburban Holdings Pty Limited
10,000,001A$20.0k0%1.05%
0.41%
Patrick Glovac
10,000,000A$20.0k0%no data
0.41%
Murdoch Capital Pty Ltd, Asset Management Arm
10,000,000A$20.0k0%3.62%
0.37%
Shuo Li
9,000,000A$18.0k0%no data
0.35%
Charles Thomas
8,500,000A$17.0k0%no data
0.33%
Gotha Street Capital Pty Ltd
8,000,000A$16.0k0%no data
0.31%
Molly Rohan
7,500,000A$15.0k0%no data
0.31%
Phillip Honeyman
7,500,000A$15.0k0%no data
0.21%
Gary Brady
5,000,000A$10.0k0%no data
0.21%
Vikashni Brady
5,000,000A$10.0k0%no data
0.14%
William Bloking
3,444,947A$6.9k0%no data
0.1%
Troy Hayden
2,500,000A$5.0k0%no data
0.082%
Jo-Ann Long
1,995,000A$4.0k0%no data
0.054%
Jacob Kornelis Poll
1,300,000A$2.6k0%no data

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
  • Implied Market Cap: AU$4.849m
  • Shares outstanding: 2.42b
  • Website: https://www.prominenceenergy.com.au

Location

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


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PRMASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJan 1994
RSXDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1994

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/29 00:00
End of Day Share Price2022/09/29 00:00
Earnings2021/12/31
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.