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Triangle Energy (Global)

ASX:TEG
Snowflake Description

Mediocre balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TEG
ASX
A$33M
Market Cap
  1. Home
  2. AU
  3. Energy
Company description

Triangle Energy (Global) Limited engages in the exploration and production of oil and gas properties in Australia. The last earnings update was 35 days ago. More info.


Add to Portfolio Compare Print
  • Triangle Energy (Global) has significant price volatility in the past 3 months.
TEG Share Price and Events
7 Day Returns
-8.3%
ASX:TEG
0.2%
AU Oil and Gas
0.3%
AU Market
1 Year Returns
29.4%
ASX:TEG
3.4%
AU Oil and Gas
5.2%
AU Market
TEG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Triangle Energy (Global) (TEG) -8.3% 0% 31% 29.4% 340% 46.7%
AU Oil and Gas 0.2% -3.5% 5.1% 3.4% 35% -32.6%
AU Market 0.3% 1% 7.2% 5.2% 19.2% 4.9%
1 Year Return vs Industry and Market
  • TEG outperformed the Oil and Gas industry which returned 3.4% over the past year.
  • TEG outperformed the Market in Australia which returned 5.2% over the past year.
Price Volatility
TEG
Industry
5yr Volatility vs Market

TEG Value

 Is Triangle Energy (Global) 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.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Triangle Energy (Global). This is due to cash flow or dividend data being unavailable. The share price is A$0.11.
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 Triangle Energy (Global)'s earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Triangle Energy (Global)'s earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:TEG 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:TEG Share Price ** ASX (2019-04-18) in AUD A$0.11
Australia Oil and Gas Industry PE Ratio Median Figure of 23 Publicly-Listed Oil and Gas Companies 7.88x
Australia Market PE Ratio Median Figure of 544 Publicly-Listed Companies 16.05x

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

** Primary Listing of Triangle Energy (Global).

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

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

= 0.11 ÷ -0.01

-11.5x

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

  • Triangle Energy (Global) is loss making, we can't compare its value to the AU Oil and Gas industry average.
  • Triangle Energy (Global) is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does Triangle Energy (Global)'s expected growth come at a high price?
Raw Data
ASX:TEG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -11.5x
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 0.25x
Australia Market PEG Ratio Median Figure of 361 Publicly-Listed Companies 1.36x

*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 Triangle Energy (Global), we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Triangle Energy (Global)'s assets?
Raw Data
ASX:TEG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$0.01
ASX:TEG Share Price * ASX (2019-04-18) in AUD A$0.11
Australia Oil and Gas Industry PB Ratio Median Figure of 144 Publicly-Listed Oil and Gas Companies 1.31x
Australia Market PB Ratio Median Figure of 1,676 Publicly-Listed Companies 1.69x
ASX:TEG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.11 ÷ 0.01

14.72x

* Primary Listing of Triangle Energy (Global).

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

  • Triangle Energy (Global) is overvalued based on assets compared to the AU Oil and Gas industry average.
X
Value checks
We assess Triangle Energy (Global)'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. Triangle Energy (Global) 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.

TEG Future Performance

 How is Triangle Energy (Global) 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 Triangle Energy (Global) 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
4.6%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Triangle Energy (Global) expected to grow at an attractive rate?
  • Unable to compare Triangle Energy (Global)'s earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Triangle Energy (Global)'s earnings growth to the Australia market average as no estimate data is available.
  • Unable to compare Triangle Energy (Global)'s revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:TEG Future Growth Rates Data Sources
Data Point Source Value (per year)
Australia Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 4.6%
Australia Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.8%
Australia Market Earnings Growth Rate Market Cap Weighted Average 6.6%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.2%

*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:TEG 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:TEG Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 13 1 -2
2018-09-30 13 1 -4
2018-06-30 14 0 -6
2018-03-31 14 0 -5
2017-12-31 15 0 -5
2017-09-30 16 0 -5
2017-06-30 16 -1 -5
2016-12-31 7 -2 -6
2016-09-30 3 -2 -3
2016-06-30 -1 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Triangle Energy (Global) is high growth as no earnings estimate data is available.
  • Unable to determine if Triangle Energy (Global) 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:TEG 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 Triangle Energy (Global) Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:TEG Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 -0.01
2018-09-30 -0.02
2018-06-30 -0.03
2018-03-31 -0.03
2017-12-31 -0.03
2017-09-30 -0.03
2017-06-30 -0.03
2016-12-31 -0.04
2016-09-30 -0.02
2016-06-30 0.00

*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 Triangle Energy (Global) will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of TEG’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. Triangle Energy (Global)'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. Triangle Energy (Global)'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 Triangle Energy (Global)'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.
Triangle Energy (Global) 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.

TEG Past Performance

  How has Triangle Energy (Global) 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 Triangle Energy (Global)'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.
  • Triangle Energy (Global) does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Triangle Energy (Global)'s 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Triangle Energy (Global)'s 1-year growth to the AU Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Triangle Energy (Global)'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 Triangle Energy (Global) Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:TEG 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 12.61 -2.09 2.79
2018-09-30 13.11 -4.01 3.51
2018-06-30 13.60 -5.93 4.22
2018-03-31 14.49 -5.48 4.04
2017-12-31 15.38 -5.02 3.87
2017-09-30 15.52 -4.80 4.43
2017-06-30 15.66 -4.59 4.99
2016-12-31 6.89 -5.88 4.49
2016-09-30 3.44 -2.76 2.06
2016-06-30 0.37 -0.37
2015-12-31 -0.75 1.96 0.02
2015-09-30 -0.37 0.43 0.56
2015-06-30 0.01 -1.10 1.11
2015-03-31 1.81 -3.17 0.04
2014-12-31 2.88 -3.00 0.09
2014-09-30 3.82 -3.18 0.26
2014-06-30 4.76 -3.35 0.43
2014-03-31 5.06 -3.78 0.39
2013-12-31 5.36 -4.20 0.35
2013-09-30 6.00 -3.87 0.38
2013-06-30 6.64 -3.53 0.41
2013-03-31 7.30 -1.52 1.01
2012-12-31 7.96 0.49 1.61
2012-09-30 8.37 -2.55 1.43
2012-06-30 8.78 -5.60 1.26

*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 Triangle Energy (Global) has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Triangle Energy (Global) 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 Triangle Energy (Global) improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Triangle Energy (Global)'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.
Triangle Energy (Global) 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.

TEG Health

 How is Triangle Energy (Global)'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 Triangle Energy (Global)'s finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Triangle Energy (Global) is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Triangle Energy (Global)'s long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Triangle Energy (Global)'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.3x debt.
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 Triangle Energy (Global) Company Filings, last reported 3 months ago.

ASX:TEG Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 2.29 2.14 5.15
2018-09-30 2.29 2.14 5.15
2018-06-30 -1.59 2.32 2.96
2018-03-31 -1.59 2.32 2.96
2017-12-31 -2.46 2.19 1.64
2017-09-30 -2.46 2.19 1.64
2017-06-30 -0.81 0.00 2.18
2016-12-31 -1.57 0.00 1.67
2016-09-30 -1.57 0.00 1.67
2016-06-30 2.81 0.00 3.84
2015-12-31 -2.91 0.00 0.06
2015-09-30 -2.91 0.00 0.06
2015-06-30 -1.55 0.72 0.08
2015-03-31 -1.53 0.00 0.24
2014-12-31 -0.36 0.00 0.68
2014-09-30 -0.36 0.00 0.68
2014-06-30 0.90 0.00 1.51
2014-03-31 0.90 0.00 1.51
2013-12-31 1.81 0.00 1.26
2013-09-30 1.81 0.00 1.26
2013-06-30 2.18 0.00 2.12
2013-03-31 2.18 0.00 2.12
2012-12-31 3.93 0.56 2.77
2012-09-30 3.93 0.56 2.77
2012-06-30 5.36 2.58 5.19
  • Triangle Energy (Global)'s level of debt (93.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 93.3% today).
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.

  • Triangle Energy (Global) has sufficient cash runway for 2.8 years based on current free cash flow.
  • Triangle Energy (Global) has sufficient cash runway for 2.3 years if free cash flow continues to grow at historical rates of 32.4% each year.
X
Financial health checks
We assess Triangle Energy (Global)'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. Triangle Energy (Global) has a total score of 3/6, 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.

TEG Dividends

 What is Triangle Energy (Global)'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 Triangle Energy (Global) dividends.
If you bought A$2,000 of Triangle Energy (Global) 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 Triangle Energy (Global)'s dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Triangle Energy (Global)'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:TEG 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 2.6%
Australia Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

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

ASX:TEG Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2012-03-14 0.000 0.000
2011-10-03 0.000 0.000
2010-09-07 0.058 5.614

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

  • Unable to perform a dividend volatility check as Triangle Energy (Global) has not reported any payouts.
  • Unable to verify if Triangle Energy (Global)'s dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Triangle Energy (Global)'s earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Triangle Energy (Global) 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 Triangle Energy (Global)'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 Triangle Energy (Global) afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Triangle Energy (Global) 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.

TEG Management

 What is the CEO of Triangle Energy (Global)'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
Rob Towner
COMPENSATION A$1,083,250
AGE 49
TENURE AS CEO 4.2 years
CEO Bio

Mr. Robert Edgar Thomas Towner, also known as Rob, has been the Chief Executive Officer and Managing Director of Triangle Energy (Global) Limited since February 5, 2015. Mr. Towner has been an Executive Director of Triangle Energy (Global) Limited since July 9, 2014. He Founded Cornerstone Corporate Pty Ltd in 2009. He has more than 20 years experience in financial markets providing corporate advice to listed and unlisted public companies. He served as the Head of Corporate Development & Strategy at Triangle Energy (Global) Limited since January 01, 2013. He served as Managing Director of Allied Healthcare Group Ltd since July 16, 2003. He served as a Manager of Retail Equities at Paul Morgan Securities Pty Ltd., Sydney. He joined Paul Morgan Securities Pty Ltd. in 1995. His stock broking career commenced in 1993 in Perth, Western Australia. His skills include maintaining board awareness of financial markets, corporate governance, capital structuring and working capital requirements. He is instrumental in maintaining Board awareness of financial markets, corporate governance, capital structuring and working capital requirements. In 2011, he played a major role in the merger of bioMD Limited with then-private Allied Health Care Limited to create Admedus Limited. He served as the Non Executive Chairman at Botanix Pharmaceuticals Limited (formerly, Bone Medical Ltd.) since January 24, 2014 until July 1, 2016 and its Director since January 24, 2014. He has been Non-Executive Director of Botanix Pharmaceuticals Ltd since January 24, 2014. He serves as Director of Mandolin Pty. Ltd. He has been Non-Executive Director of State Gas Limited since February 10, 2017. He serves as a Director of Kratos Energy Limited. He serves as a Director of Cornerstone Corporate Pty Ltd. He served as a Non Executive Director of Admedus Limited (formerly, Allied Healthcare Group Ltd.) from July 16, 2003 to April 2, 2012 and was responsible for maintaining Board awareness of financial markets, corporate governance, capital structuring and working capital requirements. He served as Non Executive Director of Kogi Iron Limited (Energio Limited) from August 19, 2005 to May 26, 2006. He served as a Director and authorised representative of Capstone Capital Pty Ltd. He served as a Non-Executive Director of Brainytoys Limited from August 19, 2005 to May 26, 2006. He served as a Non-Executive Director of the Telethon Type 1 Diabetes Family Centre. Mr. Towner is accredited with PS 146 Compliance Program (2002).

CEO Compensation
  • Rob's compensation has increased whilst company is loss making.
  • Rob's remuneration is higher than average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the Triangle Energy (Global) management team in years:

4.2
Average Tenure
  • The tenure for the Triangle Energy (Global) management team is about average.
Management Team

Rob Towner

TITLE
CEO, MD & Executive Director
COMPENSATION
A$1M
AGE
49
TENURE
4.2 yrs

Darren Bromley

TITLE
CFO, COO & Executive Director
COMPENSATION
A$1M
TENURE
9 yrs

Lucy Rowe

TITLE
Company Secretary
TENURE
1.4 yrs
Board of Directors Tenure

Average tenure of the Triangle Energy (Global) board of directors in years:

2.9
Average Tenure
  • The average tenure for the Triangle Energy (Global) board of directors is less than 3 years, this suggests a new board.
Board of Directors

Tim Monckton

TITLE
Independent Non-Executive Chairman
TENURE
0.1 yrs

Rob Towner

TITLE
CEO, MD & Executive Director
COMPENSATION
A$1M
AGE
49
TENURE
4.8 yrs

Darren Bromley

TITLE
CFO, COO & Executive Director
COMPENSATION
A$1M
TENURE
4.8 yrs

Wai-Lid Wong

TITLE
Non-Executive Director
COMPENSATION
A$8K
TENURE
1 yrs

Ted Farrell

TITLE
Non-Executive Director
COMPENSATION
A$161K
TENURE
4.9 yrs

Jason Peacock

TITLE
Non-Executive Director
COMPENSATION
A$8K
TENURE
1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
04. Jan 19 Buy Edward Farrell Individual 24. Dec 18 24. Dec 18 89,996 A$0.07 A$5,850
01. Jan 19 Buy Edward Farrell Individual 24. Dec 18 24. Dec 18 534,415 A$0.07 A$34,737
30. Dec 18 Buy Darren Bromley Individual 24. Dec 18 24. Dec 18 1,498,461 A$0.07 A$97,400
30. Dec 18 Buy Robert Edgar Towner Individual 24. Dec 18 24. Dec 18 1,041,772 A$0.07 A$67,715
24. Dec 18 Buy Michael Arnett Individual 24. Dec 18 24. Dec 18 2,164,898 A$0.06 A$140,715
24. Dec 18 Buy Tamarind Classic Resources Private Limited Company 24. Dec 18 24. Dec 18 27,732,226 A$0.06 A$1,802,556
X
Management checks
We assess Triangle Energy (Global)'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. Triangle Energy (Global) 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.

TEG News

Simply Wall St News

How Does Triangle Energy (Global) Limited (ASX:TEG) Affect Your Portfolio Returns?

The first risk to consider is company-specific, which can be diversified away when you invest in other companies in the same industry as TEG, because it is rare that an entire industry collapses at once. … The other type of risk, which cannot be diversified away, is market risk. … Every stock in the market is exposed to this risk, which arises from macroeconomic factors such as economic growth and geo-political tussles just to name a few.

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How Should Investors Feel About Triangle Energy (Global) Limited's (ASX:TEG) CEO Pay?

See our latest analysis for Triangle Energy (Global) What has TEG's performance been like? … Usually I would look at market cap and earnings as a proxy for performance, however, TEG's negative earnings lower the effectiveness of this method. … If you have not done so already, I highly recommend you to complete your research by taking a look at the following: Governance: To find out more about TEG's governance, look through our infographic report of the company's board and management.

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Who Owns Triangle Energy (Global) Limited (ASX:TEG)?

See our latest analysis for Triangle Energy (Global) ASX:TEG Ownership_summary Apr 26th 18 Institutional Ownership Institutional investors transact in large blocks which can influence the momentum of stock prices, at least in the short-term, especially when there is a low level of public shares available on the market to trade. … This size of ownership gives retail investors collective power in deciding on major policy decisions such as executive compensation, appointment of directors and acquisitions of businesses. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions.

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Are Earnings Prospects Improving For Loss-Making Triangle Energy (Global) Limited's (ASX:TEG)?

ASX:TEG Income Statement Apr 6th 18 We can further assess Triangle Energy (Global)'s loss by looking at what the industry has been experiencing over the past few years. … This means that whatever tailwind the industry is benefiting from, Triangle Energy (Global) has not been able to realize the gains unlike its industry peers.What does this mean? … Though Triangle Energy (Global)'s past data is helpful, it is only one aspect of my investment thesis.

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Should You Buy Triangle Energy (Global) Limited (ASX:TEG) At $0.086?

Triangle Energy (Global) Limited (ASX:TEG), an energy company based in Australia, received a lot of attention from a substantial price movement on the ASX in the over the last few months, increasing to A$0.14 at one point, and dropping to the lows of A$0.09. … According to my valuation model, Triangle Energy (Global) seems to be fairly priced at around 0.24% below my intrinsic value, which means if you buy Triangle Energy (Global) today, you’d be paying a reasonable price for it. … Furthermore, it seems like Triangle Energy (Global)’s share price is quite stable, which means there may be less chances to buy low in the future now that it’s fairly valued.

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Triangle Energy (Global) Limited (ASX:TEG) Is Expected To Breakeven

Triangle Energy (Global) Limited's (ASX:TEG): Triangle Energy (Global) Limited engages in the exploration and production of oil and gas properties in Australia. … Check out our latest analysis for Triangle Energy (Global) Expectation from analysts is TEG is on the verge of breakeven. … Management Team: An experienced management team on the helm increases our confidence in the business – take a look at who sits on Triangle Energy (Global)’s board and the CEO’s back ground.

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Triangle Energy (Global) Limited (ASX:TEG) And The Oil & Gas Industry Prospect For 2018

Below, I will examine the sector growth prospects, and also determine whether Triangle Energy (Global) is a laggard or leader relative to its energy sector peers. … Check out our latest analysis for Triangle Energy (Global) What’s the catalyst for Triangle Energy (Global)'s sector growth? … As the company trails the rest of the industry in terms of growth, Triangle Energy (Global) may also be a cheaper stock relative to its peers.

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Is Triangle Energy (Global) Limited's (ASX:TEG) CEO Being Overpaid?

Performance can be measured based on factors such as earnings and total shareholder return (TSR). … During times of negative earnings, the company may be incurring a period of reinvestment and growth, or it can be an indication of some headwind. … Normally I'd use market cap and profit as factors determining performance, however, TEG's negative earnings lower the usefulness of my formula.

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Is There Now An Opportunity In Triangle Energy (Global) Limited (ASX:TEG)?

Triangle Energy (Global) Limited (ASX:TEG), an energy company based in Australia, led the ASX gainers with a relatively large price hike in the past couple of weeks. … Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at TEG future expectations. … Its prosperous future outlook isn’t fully reflected in the current share price yet, which means it’s not too late to buy TEG.

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Can Triangle Energy (Global) Limited (ASX:TEG) Improve 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. … Check out our latest analysis for Triangle Energy (Global) An interpretation of TEG's beta Triangle Energy (Global)’s five-year beta of 2.35 means that the company’s value will swing up by more than the market during prosperous times, but also drop down by more in times of downturns. … A market capitalisation of AUD $35.06M puts TEG in the category of small-cap stocks, which tends to possess higher beta than larger companies.

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TEG Company Info

Description

Triangle Energy (Global) Limited engages in the exploration and production of oil and gas properties in Australia. It holds a 78.75% interest in Cliff Head Oil Field with a production license covering 72 square kilometers and the oil filed covering 6 square kilometers, located in Perth Basin, Western Australia. The company also holds a 30% partner interest in the Xanadu-1 oil field in the Perth Basin. Triangle Energy (Global) Limited is headquartered in West Perth, Australia.

Details
Name: Triangle Energy (Global) Limited
TEG
Exchange: ASX
Founded:
A$32,839,136
312,753,682
Website: http://www.triangleenergy.com.au
Address: Triangle Energy (Global) Limited
100 Havelock Street,
Suite 2,
West Perth,
Western Australia, 6005,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX TEG Ordinary Shares Australian Securities Exchange AU AUD 04. Dec 2009
DB WMOA Ordinary Shares Deutsche Boerse AG DE EUR 04. Dec 2009
CHIA TEG Ordinary Shares Chi-X Australia AU AUD 04. Dec 2009
Number of employees
Current staff
Staff numbers
0
Triangle Energy (Global) employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 10:34
End of day share price update: 2019/04/18 00:00
Last earnings filing: 2019/03/14
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.