ASX:SGC

Stock Analysis Report

Executive Summary

Sacgasco Limited engages in the exploration and development of oil and gas properties in onshore California.


Snowflake Analysis

Imperfect balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

12.5%

SGC

4.4%

AU Oil and Gas

0.1%

AU Market


1 Year Return

-64.0%

SGC

-48.2%

AU Oil and Gas

-22.8%

AU Market

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

Return vs Market: SGC underperformed the Australian Market which returned -22.8% over the past year.


Shareholder returns

SGCIndustryMarket
7 Day12.5%4.4%0.1%
30 Day-61.7%-40.3%-28.8%
90 Day-75.7%-49.4%-30.1%
1 Year-64.0%-64.0%-46.2%-48.2%-19.4%-22.8%
3 Year-86.4%-86.4%-40.3%-47.6%-9.5%-21.7%
5 Year-82.0%-82.0%-40.0%-50.7%2.1%-20.8%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

38.63x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: SGC is unprofitable, so we can't compare its PE Ratio to the Oil and Gas industry average.

PE vs Market: SGC is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: SGC is overvalued based on its PB Ratio (38.6x) compared to the AU Oil and Gas industry average (0.7x).


Next Steps

Future Growth

How is Sacgasco 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 Sacgasco 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 Sacgasco performed over the past 5 years?

-24.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SGC is currently unprofitable.

Growing Profit Margin: SGC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SGC is unprofitable, and losses have increased over the past 5 years at a rate of -24.9% per year.

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

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


Return on Equity

High ROE: SGC has a negative Return on Equity (-1436%), as it is currently unprofitable.


Next Steps

Financial Health

How is Sacgasco's financial position?


Financial Position Analysis

Short Term Liabilities: SGC's short term assets (A$1.0M) do not cover its short term liabilities (A$1.1M).

Long Term Liabilities: SGC's short term assets (A$1.0M) exceed its long term liabilities (A$193.5K).


Debt to Equity History and Analysis

Debt Level: SGC's debt to equity ratio (317.9%) is considered high.

Reducing Debt: Insufficient data to determine if SGC's debt to equity ratio has reduced over the past 5 years.


Balance Sheet

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

Debt Coverage by Assets: SGC's debt is covered by short term assets (assets are 5.2x debt).


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: SGC has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if SGC has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

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

6.3yrs

Average management tenure


CEO

Gary Jeffery (68yo)

6.33s

Tenure

AU$208,960

Compensation

Mr. Gary J. Jeffery, B.Sc. (Hons), MAICD, serves as the President, Chief Operating Officer and Chief Executive Officer of Banff Resources Ltd. Mr. Jeffery has been Managing Director of Sacgasco Limited sin ...


CEO Compensation Analysis

Compensation vs Market: Gary's total compensation ($USD128.16K) is below average for companies of similar size in the Australian market ($USD242.11K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Gary Jeffery
MD & Executive Director6.33yrsAU$208.96k4.97% A$120.5k
David McArthur
Company Secretary6.42yrsno datano data
Jordan McArthur
Joint Company Secretary0.083yrno datano data

6.3yrs

Average Tenure

Experienced Management: SGC's management team is seasoned and experienced (6.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Gary Jeffery
MD & Executive Director6.33yrsAU$208.96k4.97% A$120.5k
Gregory Channon
Non-Executive Director1.25yrsAU$3.80k0.76% A$18.5k
Andrew Childs
Non Executive Chairman11.17yrsAU$55.30k2.52% A$61.2k

6.4yrs

Average Tenure

60yo

Average Age

Experienced Board: SGC's board of directors are considered experienced (6.4 years average tenure).


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

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 10.3%.


Top Shareholders

Company Information

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


Key Information

  • Name: Sacgasco Limited
  • Ticker: SGC
  • Exchange: ASX
  • Founded: 2005
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: AU$2.425m
  • Shares outstanding: 269.45m
  • Website: https://www.sacgasco.com

Location

  • Sacgasco Limited
  • OCTO Building
  • Level 2
  • Subiaco
  • Western Australia
  • 6008
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SGCASX (Australian Securities Exchange)YesOrdinary SharesAUAUDOct 2005
SGCCHIA (Chi-X Australia)YesOrdinary SharesAUAUDOct 2005
ATRL.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDOct 2005
21KDB (Deutsche Boerse AG)YesOrdinary SharesDEEUROct 2005

Biography

Sacgasco Limited engages in the exploration and development of oil and gas properties in onshore California. It primarily holds interests in the Dempsey and Alvares natural gas prospects of Sacramento Basin located in California, the United States. The company was formerly known as Australian Oil Company Limited and changed its name to Sacgasco Limited in November 2015. Sacgasco Limited was incorporated in 2005 and is headquartered in Subiaco, 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 10:37
End of Day Share Price2020/03/23 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.