T3K

TEK-Ocean GroupASX:T3K Stock Report

Market Cap

AU$13.2m

7D

-5.5%

1Y

n/a

Updated

17 Oct, 2021

Data

Company Financials
T3K fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health2/6
Dividends0/6

T3K Overview

TEK-Ocean Group Limited provides integrated services for the oil and gas, marine, and renewable energy sectors in Australia.

Price History & Performance

Summary of all time highs, changes and price drops for TEK-Ocean Group
Historical stock prices
Current Share PriceAU$0.34
52 Week HighAU$0.34
52 Week LowAU$0.52
Beta0
1 Month Change-25.00%
3 Month Changen/a
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO-28.13%

Recent News & Updates

Shareholder Returns

T3KAU Energy ServicesAU Market
7D-5.5%-1.2%0.9%
1Yn/a-1.3%20.2%

Return vs Industry: Insufficient data to determine how T3K performed against the Australian Energy Services industry.

Return vs Market: Insufficient data to determine how T3K performed against the Australian Market.

Price Volatility

Is T3K's price volatile compared to industry and market?
T3K volatility
T3K Beta0
Industry Beta1.95
Market Beta1

Stable Share Price: Insufficient data to determine T3K's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine T3K's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
200740n/ahttps://tek-ocean.com.au

TEK-Ocean Group Limited provides integrated services for the oil and gas, marine, and renewable energy sectors in Australia. It owns and operates vessels; and offers vessel maintenance, vessel chartering, crewing services, and other supply services, as well as a single point of contact for the selection, procurement, and management of fleet. The company also provides oilfield services, including pressure testing; drill pipe, casing and tubing cleaning, and inspection and repair; subsea and drilling tool renting; equipment inspection, preservation, and repair and maintenance; manufacturing and torque-turn services; and inventory management and long-term storage services, as well as manufactures and repairs APIs and premium threaded connections.

TEK-Ocean Group Fundamentals Summary

How do TEK-Ocean Group's earnings and revenue compare to its market cap?
T3K fundamental statistics
Market CapAU$13.18m
Earnings (TTM)-AU$20.35k
Revenue (TTM)AU$22.20m

0.6x

P/S Ratio

-650.9x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
T3K income statement (TTM)
RevenueAU$22.20m
Cost of RevenueAU$11.40m
Gross ProfitAU$10.80m
ExpensesAU$10.82m
Earnings-AU$20.35k

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.00053
Gross Margin48.64%
Net Profit Margin-0.091%
Debt/Equity Ratio194.2%

How did T3K perform over the long term?

See historical performance and comparison

Valuation

Is TEK-Ocean Group undervalued compared to its fair value and its price relative to the market?

3.45x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: T3K (A$0.35) is trading above our estimate of fair value (A$0.01)

Significantly Below Fair Value: T3K is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: T3K is unprofitable, so we can't compare its PE Ratio to the Global Energy Services industry average.

PE vs Market: T3K 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 T3K's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: T3K is overvalued based on its PB Ratio (3.5x) compared to the AU Energy Services industry average (1.4x).


Future Growth

How is TEK-Ocean Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

40.5%

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 TEK-Ocean Group 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 TEK-Ocean Group performed over the past 5 years?

99.5%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: T3K is currently unprofitable.

Growing Profit Margin: T3K is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if T3K's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Unable to compare T3K's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: T3K is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (1.3%).


Return on Equity

High ROE: T3K has a negative Return on Equity (-0.53%), as it is currently unprofitable.


Financial Health

How is TEK-Ocean Group's financial position?


Financial Position Analysis

Short Term Liabilities: T3K's short term assets (A$5.7M) do not cover its short term liabilities (A$6.6M).

Long Term Liabilities: T3K's short term assets (A$5.7M) do not cover its long term liabilities (A$6.1M).


Debt to Equity History and Analysis

Debt Level: T3K's debt to equity ratio (194.2%) is considered high.

Reducing Debt: Insufficient data to determine if T3K's debt to equity ratio has reduced over the past 5 years.


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: Whilst unprofitable T3K has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: T3K is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 86.5% per year.


Dividend

What is TEK-Ocean Group current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate T3K's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate T3K'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 T3K's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if T3K'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 T3K'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?


CEO

TEK-Ocean Group has no CEO, or we have no data on them.


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.


Ownership Breakdown

Dilution of Shares: T3K only recently listed within the past 12 months.


Top Shareholders

Company Information

TEK-Ocean Group Limited's employee growth, exchange listings and data sources


Key Information

  • Name: TEK-Ocean Group Limited
  • Ticker: T3K
  • Exchange: ASX
  • Founded: 2007
  • Industry: Oil and Gas Equipment and Services
  • Sector: Energy
  • Market Cap: AU$13.179m
  • Shares outstanding: 38.20m
  • Website: https://tek-ocean.com.au

Number of Employees


Location

  • TEK-Ocean Group Limited
  • 6-8 Edison Road
  • Dandenong South
  • Dandenong
  • Victoria
  • 3175
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/17 07:05
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.