ASX:TDO

Stock Analysis Report

Executive Summary

3D Oil Limited explores for and develops upstream oil and gas assets in Australia.


Snowflake Analysis

Flawless balance sheet with weak fundamentals.


Similar Companies

Share Price & News

How has 3D Oil's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TDO has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-5.9%

TDO

-4.4%

AU Oil and Gas

-2.2%

AU Market


1 Year Return

-33.3%

TDO

-12.3%

AU Oil and Gas

11.6%

AU Market

Return vs Industry: TDO underperformed the Australian Oil and Gas industry which returned -12.3% over the past year.

Return vs Market: TDO underperformed the Australian Market which returned 11.6% over the past year.


Shareholder returns

TDOIndustryMarket
7 Day-5.9%-4.4%-2.2%
30 Day-3.6%-11.5%-2.2%
90 Day-5.9%-9.7%2.2%
1 Year-33.3%-33.3%-9.6%-12.3%16.5%11.6%
3 Year110.5%110.5%11.0%-0.3%36.2%18.1%
5 Year53.8%53.8%0.2%-16.2%46.7%14.1%

Price Volatility Vs. Market

How volatile is 3D Oil's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is 3D Oil undervalued compared to its fair value and its price relative to the market?

1.81x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: TDO is overvalued based on its PB Ratio (1.8x) compared to the AU Oil and Gas industry average (1.1x).


Next Steps

Future Growth

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

13.6%

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 3D Oil 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 3D Oil performed over the past 5 years?

1.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TDO is currently unprofitable.

Growing Profit Margin: TDO is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TDO is unprofitable, but has reduced losses over the past 5 years at a rate of 1.9% per year.

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

Earnings vs Industry: TDO is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (14.4%).


Return on Equity

High ROE: TDO has a negative Return on Equity (-9.28%), as it is currently unprofitable.


Next Steps

Financial Health

How is 3D Oil's financial position?


Financial Position Analysis

Short Term Liabilities: TDO's short term assets (A$2.0M) exceed its short term liabilities (A$1.1M).

Long Term Liabilities: TDO's short term assets (A$2.0M) exceed its long term liabilities (A$8.2K).


Debt to Equity History and Analysis

Debt Level: TDO is debt free.

Reducing Debt: TDO has no debt compared to 5 years ago when its debt to equity ratio was 3%.


Balance Sheet

Inventory Level: TDO has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if TDO's debt is covered by short term assets.


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

Forecast Cash Runway: TDO has sufficient cash runway for 1.3 years if free cash flow continues to grow at historical rates of 16.3% each year.


Next Steps

Dividend

What is 3D Oil's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

4.1yrs

Average board tenure


CEO

Noel Newell 0

AU$356,796

Compensation

Mr. Noel Newell, B App Sc (App Geol), is the Founder of 3D Oil Limited and serves as its Managing Director. Mr. Newel has been an Executive Chairman of 3D Oil Limited since February 2, 2017 and served as i ...


CEO Compensation Analysis

Compensation vs Market: Noel's total compensation ($USD236.02K) is about average for companies of similar size in the Australian market ($USD251.50K).

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


Board Members

NamePositionTenureCompensationOwnership
Noel Newell
Executive Chairman & MD0yrsAU$356.80k16.66% A$3.8m
Ian Tchacos
Non-Executive Director4.1yrsAU$47.25k0.16% A$36.4k
Leo De Maria
Non Executive Director6.1yrsAU$45.00k0.25% A$55.3k

4.1yrs

Average Tenure

Experienced Board: TDO's board of directors are considered experienced (4.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: TDO 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 9.2%.


Top Shareholders

Company Information

3D Oil Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: 3D Oil Limited
  • Ticker: TDO
  • Exchange: ASX
  • Founded: 2003
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: AU$22.541m
  • Shares outstanding: 265.19m
  • Website: https://www.3doil.com.au

Location

  • 3D Oil Limited
  • 41 Exhibition Street
  • Level 18
  • Melbourne
  • Victoria
  • 3000
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MUEDB (Deutsche Boerse AG)YesOrdinary SharesDEEURNov 2007
TDOASX (Australian Securities Exchange)YesOrdinary SharesAUAUDNov 2007
TDOCHIA (Chi-X Australia)YesOrdinary SharesAUAUDNov 2007
TOIL.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDNov 2007

Biography

3D Oil Limited explores for and develops upstream oil and gas assets in Australia. It owns 24.9% interest in the VIC/P57 exploration permit totaling an area of 246 square kilometers located in the offshore Gippsland Basin, Victoria; and 100% interest in the T/49P exploration permit covering an area of 4,960 square kilometers located in the offshore Otway Basin, Tasmania. The company also holds 100% interest in WA/527-P exploration permit covering an area of 6,500 square kilometers located in the offshore Roebuck Basin; and VIC/P74 exploration permit totaling an area of 1006 square kilometers located in the offshore Gippsland Basin, Victoria. The company was incorporated in 2003 and is based in Melbourne, Australia. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/25 10:36
End of Day Share Price2020/02/25 00:00
Earnings2019/06/30
Annual Earnings2019/06/30


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.