TEK-Ocean Group Limited provides integrated services for the oil and gas, marine, and renewable energy sectors in Australia.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.34|
|52 Week High||AU$0.34|
|52 Week Low||AU$0.52|
|1 Month Change||-25.00%|
|3 Month Change||n/a|
|1 Year Change||n/a|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||-28.13%|
Recent News & Updates
|T3K||AU Energy Services||AU Market|
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.
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
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
|T3K fundamental statistics|
Is T3K overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|T3K income statement (TTM)|
|Cost of Revenue||AU$11.40m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.00053|
|Net Profit Margin||-0.091%|
How did T3K perform over the long term?See historical performance and comparison
Is TEK-Ocean Group undervalued compared to its fair value and its price relative to the market?
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).
How is TEK-Ocean Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
How has TEK-Ocean Group performed over the past 5 years?
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.
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.
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.
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.
How experienced are the management team and are they aligned to shareholders interests?
TEK-Ocean Group has no CEO, or we have no data on them.
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.
Dilution of Shares: T3K only recently listed within the past 12 months.
TEK-Ocean Group Limited's employee growth, exchange listings and data sources
- 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
- TEK-Ocean Group Limited
- 6-8 Edison Road
- Dandenong South
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/17 07:05|
|End of Day Share Price||2021/10/15 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.