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South Pacific Resources

ASX:SPB
Snowflake Description

Worrying balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SPB
ASX
A$828K
Market Cap
  1. Home
  2. AU
  3. Energy
Company description

South Pacific Resources Limited operates as an oil and gas exploration company. The last earnings update was 37 days ago. More info.


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  • South Pacific Resources has significant price volatility in the past 3 months.
SPB Share Price and Events
7 Day Returns
25%
ASX:SPB
0.8%
AU Oil and Gas
-0%
AU Market
1 Year Returns
-70.6%
ASX:SPB
3.8%
AU Oil and Gas
4.9%
AU Market
SPB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
South Pacific Resources (SPB) 25% 0% -28.6% -70.6% -88.6% -93.3%
AU Oil and Gas 0.8% -0.9% 5.6% 3.8% 30.5% -32%
AU Market -0% 1.4% 6.5% 4.9% 18.2% 4.8%
1 Year Return vs Industry and Market
  • SPB underperformed the Oil and Gas industry which returned 3.8% over the past year.
  • SPB underperformed the Market in Australia which returned 4.9% over the past year.
Price Volatility
SPB
Industry
5yr Volatility vs Market

Value

 Is South Pacific Resources undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.

In this section, we usually try to help investors determine whether South Pacific Resources is trading at an attractive price based on the cash flow it is expected to produce in the future. But as South Pacific Resources 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. You can see them here.

Show me the analysis anyway

INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for South Pacific Resources. This is due to cash flow or dividend data being unavailable. The share price is A$0.005.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for South Pacific Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are South Pacific Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:SPB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$-0.01
ASX:SPB Share Price ** ASX (2019-04-18) in AUD A$0.01
Australia Oil and Gas Industry PE Ratio Median Figure of 23 Publicly-Listed Oil and Gas Companies 7.92x
Australia Market PE Ratio Median Figure of 544 Publicly-Listed Companies 16.14x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of South Pacific Resources.

ASX:SPB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:SPB Share Price ÷ EPS (both in AUD)

= 0.01 ÷ -0.01

-0.81x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • South Pacific Resources is loss making, we can't compare its value to the AU Oil and Gas industry average.
  • South Pacific Resources is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does South Pacific Resources's expected growth come at a high price?
Raw Data
ASX:SPB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.81x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Australia Oil and Gas Industry PEG Ratio Median Figure of 17 Publicly-Listed Oil and Gas Companies 0.24x
Australia Market PEG Ratio Median Figure of 360 Publicly-Listed Companies 1.35x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for South Pacific Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on South Pacific Resources's assets?
Raw Data
ASX:SPB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$-0.02
ASX:SPB Share Price * ASX (2019-04-18) in AUD A$0.01
Australia Oil and Gas Industry PB Ratio Median Figure of 145 Publicly-Listed Oil and Gas Companies 1.31x
Australia Market PB Ratio Median Figure of 1,676 Publicly-Listed Companies 1.67x
ASX:SPB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:SPB Share Price ÷ Book Value per Share (both in AUD)

= 0.01 ÷ -0.02

-0.29x

* Primary Listing of South Pacific Resources.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • South Pacific Resources has negative assets, we can't compare the value of its assets to the AU Oil and Gas industry average.

Next steps:

  1. Take a look at our analysis of SPB’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.
  2. 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 South Pacific Resources's regulatory filings and announcements.
  3. Show me more potentially undervalued companies in the Oil and Gas industry
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Value checks
We assess South Pacific Resources's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. South Pacific Resources has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is South Pacific Resources expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 South Pacific Resources 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
4.2%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is South Pacific Resources expected to grow at an attractive rate?
  • Unable to compare South Pacific Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare South Pacific Resources's earnings growth to the Australia market average as no estimate data is available.
  • Unable to compare South Pacific Resources's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:SPB Future Growth Rates Data Sources
Data Point Source Value (per year)
Australia Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 4.2%
Australia Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.7%
Australia Market Earnings Growth Rate Market Cap Weighted Average 6.7%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:SPB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:SPB Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 0 0 -1
2018-09-30 0 0 -1
2018-06-30 0 -1 -1
2018-03-31 0 -1 -1
2017-12-31 0 -1 -1
2017-09-30 0 -1 -1
2017-06-30 0 -1 -1
2017-03-31 0 -1 -1
2016-12-31 -1 -1
2016-09-30 0 -1
2016-06-30 0 -1
2016-03-31 0 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if South Pacific Resources is high growth as no earnings estimate data is available.
  • Unable to determine if South Pacific Resources is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:SPB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from South Pacific Resources Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:SPB Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 -0.01
2018-09-30 -0.01
2018-06-30 -0.01
2018-03-31 -0.01
2017-12-31 -0.01
2017-09-30 -0.01
2017-06-30 -0.01
2017-03-31 -0.01
2016-12-31 -0.01
2016-09-30 -0.01
2016-06-30 -0.01
2016-03-31 -0.01

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if South Pacific Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of SPB’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.
  2. South Pacific Resources's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Energy companies here
  3. South Pacific Resources's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess South Pacific Resources's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
South Pacific Resources has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has South Pacific Resources performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare South Pacific Resources's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • South Pacific Resources does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare South Pacific Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare South Pacific Resources's 1-year growth to the AU Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
South Pacific Resources's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from South Pacific Resources Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:SPB Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 0.07 -1.03 0.49
2018-09-30 0.07 -1.12 0.52
2018-06-30 0.07 -1.21 0.56
2018-03-31 0.03 -1.17 0.45
2017-12-31 0.00 -1.13 0.34
2017-09-30 0.00 -1.14 0.50
2017-06-30 0.00 -1.15 0.65
2017-03-31 0.00 -1.27 0.83
2016-12-31 -1.39 1.00
2016-09-30 -1.27 0.86
2016-06-30 -1.15 0.72
2016-03-31 -1.31 0.73
2015-12-31 -1.48 0.74
2015-09-30 -1.52 0.78
2015-06-30 -1.57 0.82
2015-03-31 -2.39 0.92
2014-12-31 -3.21 1.02
2014-09-30 -3.25 1.06
2014-06-30 -3.30 1.11
2014-03-31 0.00 -2.26 1.10
2013-12-31 0.00 -1.22 1.10
2013-09-30 0.00 -1.21 1.16
2013-06-30 -1.21 1.22
2013-03-31 0.00 -0.94 1.05
2012-12-31 0.00 -0.67 0.88
2012-09-30 0.00 -0.38 0.64
2012-06-30 -0.08 0.41

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if South Pacific Resources has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if South Pacific Resources has efficiently used its assets last year compared to the AU Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if South Pacific Resources improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.
X
Past performance checks
We assess South Pacific Resources's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
South Pacific Resources has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is South Pacific Resources's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up South Pacific Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • South Pacific Resources's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • South Pacific Resources has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of South Pacific Resources's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • South Pacific Resources has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from South Pacific Resources Company Filings, last reported 3 months ago.

ASX:SPB Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 -2.85 0.72 0.00
2018-09-30 -2.85 0.72 0.00
2018-06-30 -2.38 0.70 0.00
2018-03-31 -2.38 0.70 0.00
2017-12-31 -2.03 0.69 0.04
2017-09-30 -2.03 0.69 0.04
2017-06-30 -1.49 0.04 0.05
2017-03-31 -1.49 0.04 0.05
2016-12-31 -1.01 0.00 0.02
2016-09-30 -1.01 0.00 0.02
2016-06-30 -2.06 0.06 0.01
2016-03-31 -2.06 0.06 0.01
2015-12-31 -1.44 0.00 0.01
2015-09-30 -1.44 0.00 0.01
2015-06-30 -1.10 0.00 0.05
2015-03-31 -1.10 0.00 0.05
2014-12-31 -0.64 0.00 0.01
2014-09-30 -0.64 0.00 0.01
2014-06-30 -0.50 0.00 0.09
2014-03-31 -0.50 0.00 0.09
2013-12-31 1.97 0.00 0.13
2013-09-30 1.97 0.00 0.13
2013-06-30 2.50 0.01 0.82
2013-03-31 2.50 0.01 0.82
2012-12-31 2.95 0.02 1.74
2012-09-30 2.95 0.02 1.74
2012-06-30 -0.27 0.99 0.01
  • South Pacific Resources has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if South Pacific Resources's debt level has increased considering it has negative shareholder equity.
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.

  • South Pacific Resources has less than a year of cash runway based on current free cash flow.
  • South Pacific Resources has less than a year of cash runway if free cash flow continues to reduce at historical rates of -7.7% each year.
X
Financial health checks
We assess South Pacific Resources's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. South Pacific Resources has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is South Pacific Resources's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from South Pacific Resources dividends.
If you bought A$2,000 of South Pacific Resources shares you are expected to receive A$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate South Pacific Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate South Pacific Resources's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:SPB Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Australia Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 4.6%
Australia Market Average Dividend Yield Market Cap Weighted Average of 417 Stocks 4.3%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.6%
Australia Bottom 25% Dividend Yield 25th Percentile 2.5%
Australia Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as South Pacific Resources has not reported any payouts.
  • Unable to verify if South Pacific Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of South Pacific Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as South Pacific Resources has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess South Pacific Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can South Pacific Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. South Pacific Resources has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of South Pacific Resources's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Domenic Martino
COMPENSATION A$131,400
AGE 60
TENURE AS CEO 6.7 years
CEO Bio

Mr. Domenic Vincent Martino, BBus, FCA, FCPA, FAICD, has been Interim Chief Executive Officer and Chairman of Skyland Petroleum Group Limited since December 24, 2016. Mr. Martino has been the Managing Director of South Pacific Resources Limited (formerly, Coral Sea Petroleum Limited) since August 3, 2012. Mr. Martino served as Managing Director at Australasian Resources Ltd. Mr. Martino served as the Chief Executive Officer of Deloitte Touche Tohmatsu International in Sydney from 2001 to 2003. Mr. Martino has 25 years experience in capital raisings for resource and energy businesses, corporate management and finance. He served as the Chief Executive Officer of Deloitte Touche Tohmatsu Australia. He has significant experience in the development of "micro-cap" companies and has been a key player in the re-birth of a broad grouping of ASX companies including Cokal Limited and Pan Asia Corporation Limited. He served as an Executive Chairman of AGL (SG) Pty Limited (Sydney Gas, Ltd) from November 16, 1992 to September 13, 2005. He served as the Managing Partner of New South Wales operations at Deloitte Touche Tohmatsu from 1998 to 2001 and was its Managing Partner for Western Australia. He served as Managing Director of Orchid Capital Ltd. He was a Partner of Deloitte Touche Tohmatsu and its predecessor firms from 1981 to 2003. He serves as the Chairman of Sherlock Bay Nickel Corp. Ltd. He has been the Chairman at ORH Limited since May 6, 2009, Gladstone Pacific Nickel Ltd. since May 18, 2010 and Resourcehouse Limited since October 8, 2010. Mr. Martino serves as the Chairman at Australasian Resources Ltd. and previously served as Non-Executive Chairman since November 27, 2003. He has been the Non-Executive Chairman at Synergy Plus Limited since January 10, 2012. He serves as Chairman of Cokal Limited. He served as a Non-Executive Chairman of Pan Asia Corporation Limited from March 01, 2011 to July 4, 2017. He serves as a Director at Skyland Petroleum Group Limited (formerly, Skyland Petroleum Limited). He served as Interim Chairman of Citation Resources Ltd (Clean Global Energy Limited) since May 2011. He served as the Non-Executive Chairman at Citation Resources Ltd until December 13, 2012. He served as the Non-Executive Chairman of Synergy Plus Limited since July 7, 2006. He served as the Non-Executive Chairman of Blue Energy Limited (formerly, Energy Investments Ltd.) from June 1992 to October 10, 2006. He served as Chairman of The Food Revolution Group Limited from February 11, 2016 to August 31, 2016. He has been an Independent Non-Executive Director of Synergy Plus Limited since July 7, 2006. Mr. Martino has been a Non Executive Director of Gladstone Pacific Nickel Ltd. since December 8, 2007, Cokal Limited since December 24, 2010 and Resourcehouse Limited since March 6, 2009. He has been a Director of Australasian Resources Ltd., since November 27, 2003. He serves as a Non-Executive Director of Sherlock Bay Nickel Corp. Ltd. He has been a Non-Executive Director of Coral Sea Petroleum Limited since August 3, 2012. He serves as Director of Lang Technologies Pty Ltd. Mr. Martino has been a Non-Executive Director of Rambora Technologies Ltd, Resource Development International Limited, Waratah Coal Pty Ltd. and International Minerals Pty Ltd. He has been Director of South Pacific Resources Limited since August 3, 2012. He served as a Director of Waratah Coal Inc. from December 2008 to March 2009, NuEnergy Gas Limited from 2010 to May 2011, Blue Energy Limited from June 1992 to October 10, 2006, Altera Resources Ltd. since December 23, 2010, New Tel Ltd., AGL (SG) Pty Limited until September 13, 2005 and Ookami Limited (also known as Advanced Engine Components Limited), a subsidiary of New Tel Ltd. until February 22, 2002. He served as Director of Orchid Capital Ltd. since May 15, 2012. He served as Director of The Food Revolution Group Limited (formerly, Crest Minerals Ltd.) from February 11, 2016 to August 31, 2016. Mr. Martino served as a Founding Director of Energy Investments Ltd., from June 1992 to October 2006. He served as a Director at Pan Asia Corporation Limited from December 24, 2010 to July 4, 2017. He served as Non-Executive Director of MUI Corporation Limited since December 19, 2013. He served as a Director of Citation Resources Ltd from October 9, 2009 to December 13, 2012. He served as the Chairman of the Business Council of Australia's 'fax Task Force. He serves as Director of Australia Business Arts Foundation. He is a Fellow of the Institute of Chartered Accountants, in Australia, the Australian Society of Certified Practising Accountants and the Australian Institute of Company Directors. Mr. Martino was a recipient of the Centenary Medal 2003 for his service to Australian society through business and the arts. Mr. Martino earned a Bachelor of Business degree from Curtin University of Technology in Australia in March 1977.

CEO Compensation
  • Domenic's compensation has been consistent with company performance over the past year.
  • Domenic's remuneration is lower than average for companies of similar size in Australia.
Management Team

Domenic Martino

TITLE
Chairman & MD
COMPENSATION
A$131K
AGE
60
TENURE
6.7 yrs

Louisa Youens

TITLE
Company Secretary
TENURE
6.7 yrs
Board of Directors

Domenic Martino

TITLE
Chairman & MD
COMPENSATION
A$131K
AGE
60

Alvin Tan

TITLE
Independent Non-Executive Director
COMPENSATION
A$36K
AGE
47

Yosse Goldberg

TITLE
Non-Executive Director
COMPENSATION
A$36K
TENURE
6.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
X
Management checks
We assess South Pacific Resources's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. South Pacific Resources has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Could The South Pacific Resources Limited (ASX:SPB) Ownership Structure Tell Us Something Useful?

A look at the shareholders of South Pacific Resources Limited (ASX:SPB) can tell us which group is most powerful. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … South Pacific Resources is a smaller company with a market capitalization of AU$1.2m, so it may still be flying under the radar of many institutional investors.

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Does The South Pacific Resources Limited (ASX:SPB) Share Price Tend To Follow The Market?

If you're interested in South Pacific Resources Limited (ASX:SPB), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

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How Does South Pacific Resources Limited (ASX:SPB) Affect Your Portfolio Returns?

SPB, with its market capitalisation of AU$2.15M, is a small-cap stock, which generally have higher beta than similar companies of larger size. … An asset-heavy company tends to have a higher beta because the risk associated with running fixed assets during a downturn is highly expensive. … I examine SPB’s ratio of fixed assets to total assets to see whether the company is highly exposed to the risk of this type of constraint.

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Does South Pacific Resources Limited's (ASX:SPB) CEO Salary Compare Well With Others?

SPB can create value to shareholders by increasing its profitability, which in turn is reflected into the share price and the investor's ability to sell their shares at higher capital gains. … Given earnings are moving the right way, CEO pay should be reflective of Martino's value creation for shareholders. … Normally I'd use market cap and profit as factors determining performance, however, SPB's negative earnings reduces the effectiveness of this method.

Simply Wall St -

What Does South Pacific Resources Limited's (ASX:SPB) Ownership Structure Look Like?

Insider Ownership I find insiders are another important group of stakeholders, who are directly involved in making key decisions related to the use of capital. … ASX:SPB Insider_trading Mar 20th 18 General Public Ownership The general public holds a substantial 59.57% stake in SPB, making it a highly popular stock among retail investors. … With this size of ownership, retail investors can collectively play a role in major company policies that affect shareholders returns, including executive remuneration and the appointment of directors.

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Has South Pacific Resources Limited's (ASX:SPB) Improved Earnings Growth In Recent Times?

When South Pacific Resources Limited (ASX:SPB) announced its most recent earnings (30 June 2017), I did two things: looked at its past earnings track record, then look at what is happening in the industry. … See our latest analysis for South Pacific Resources Commentary On SPB's Past Performance I prefer to use the ‘latest twelve-month’ data, which annualizes the latest 6-month earnings release, or some times, the latest annual report is already the most recent financial data. … For South Pacific Resources, its most recent earnings (trailing twelve month) is -AU$1.15M, which, against the prior year's level, has become more negative.

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How Does South Pacific Resources Limited (ASX:SPB) Affect Your Portfolio Returns?

A widely-used metric to measure a stock's market risk is beta, and the broad market index represents a beta value of one. … As a result, the company may be less volatile relative to broad market movements, compared to a company of similar size but higher proportion of fixed assets. … However, this is the opposite to what SPB’s actual beta value suggests, which is higher stock volatility relative to the market.

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Is South Pacific Resources Limited (ASX:SPB) Cheap And High Growth?

Below, I will examine the sector growth prospects, and also determine whether South Pacific Resources is a laggard or leader relative to its energy sector peers. … See our latest analysis for South Pacific Resources What’s the catalyst for South Pacific Resources's sector growth? … Next Steps: South Pacific Resources has been an energy industry laggard in the past year.

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How South Pacific Resources Limited's (ASX:SPB) Recent Earnings Fared Against The Long Term Trend

Analyzing South Pacific Resources Limited's (ASX:SPB) track record of past performance is a valuable exercise for investors. … For South Pacific Resources, the most recent earnings -A$1M, which, against the prior year's level, has become more negative. … South Pacific Resources's track record can be a valuable insight into its earnings performance, but it certainly doesn't tell the whole story.

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Who Are The Major Shareholders Of South Pacific Resources Limited (ASX:SPB)?

Insider Ownership Another important group of shareholders are company insiders. … With this size of ownership, retail investors can collectively play a role in major company policies that affect shareholders returns, including executive remuneration and the appointment of directors. … Private Company Ownership Another important group of owners for potential investors in SPB are private companies that hold a stake of 13.69% in SPB.

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Company Info

Description

South Pacific Resources Limited operates as an oil and gas exploration company. It holds 100% working interest in five petroleum prospecting licenses in Papua New Guinea, including PPL 366 and 367 are located onshore; PPL 356 and 357 offshore in the Papuan Basin close to discovered oil and gas fields; and PPL 358 in the frontier Cape Vogel Basin. The company was formerly known as Coral Sea Petroleum Limited and changed its name to South Pacific Resources Limited in February 2015. South Pacific Resources Limited is headquartered in Sydney, Australia.

Details
Name: South Pacific Resources Limited
SPB
Exchange: ASX
Founded:
A$827,576
165,515,311
Website: http://www.southpacificresourceslimited.com
Address: South Pacific Resources Limited
56 Pitt Street,
Level 5,
Sydney,
New South Wales, 2000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX SPB Ordinary Shares Australian Securities Exchange AU AUD 29. Aug 2012
DB AJ4 Ordinary Shares Deutsche Boerse AG DE EUR 29. Aug 2012
CHIA SPB Ordinary Shares Chi-X Australia AU AUD 29. Aug 2012
Number of employees
Current staff
Staff numbers
0
South Pacific Resources employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/21 10:34
End of day share price update: 2019/04/18 00:00
Last earnings filing: 2019/03/15
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.