Triangle Energy (Global) Limited engages in the exploration and production of oil and gas properties in Australia.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.021|
|52 Week High||AU$0.018|
|52 Week Low||AU$0.041|
|1 Month Change||-4.55%|
|3 Month Change||0%|
|1 Year Change||-36.36%|
|3 Year Change||-76.14%|
|5 Year Change||-16.00%|
|Change since IPO||-97.67%|
Recent News & Updates
|TEG||AU Oil and Gas||AU Market|
Return vs Industry: TEG underperformed the Australian Oil and Gas industry which returned 48.3% over the past year.
Return vs Market: TEG underperformed the Australian Market which returned 21.1% over the past year.
Stable Share Price: TEG is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 14% a week.
Volatility Over Time: TEG's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of Australian stocks.
About the Company
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 field covering 6 square kilometers, located in Perth Basin, Western Australia. The company also holds a 45% interest in the Xanadu-1 oil field and a 100% interest in the Mt Horner Production licence located in the Perth Basin, as well as an 100% operating interest in the Reids Dome production licence in Queensland.
Triangle Energy (Global) Fundamentals Summary
|TEG fundamental statistics|
Is TEG overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|TEG income statement (TTM)|
|Cost of Revenue||AU$5.70m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.0037|
|Net Profit Margin||-59.07%|
How did TEG perform over the long term?See historical performance and comparison
Is Triangle Energy (Global) 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: Insufficient data to calculate TEG's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate TEG's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: TEG is unprofitable, so we can't compare its PE Ratio to the Australian Oil and Gas industry average.
PE vs Market: TEG 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 TEG's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: TEG is overvalued based on its PB Ratio (3.1x) compared to the AU Oil and Gas industry average (2.5x).
How is Triangle Energy (Global) 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 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 SimplyWall St do have past financial data.
How has Triangle Energy (Global) performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TEG is currently unprofitable.
Growing Profit Margin: TEG is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: TEG is unprofitable, and losses have increased over the past 5 years at a rate of 7.6% per year.
Accelerating Growth: Unable to compare TEG's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: TEG is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-50.5%).
Return on Equity
High ROE: TEG has a negative Return on Equity (-53.96%), as it is currently unprofitable.
How is Triangle Energy (Global)'s financial position?
Financial Position Analysis
Short Term Liabilities: TEG's short term assets (A$5.9M) exceed its short term liabilities (A$3.7M).
Long Term Liabilities: TEG's short term assets (A$5.9M) do not cover its long term liabilities (A$15.7M).
Debt to Equity History and Analysis
Debt Level: TEG's debt to equity ratio (4.8%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if TEG's debt to equity ratio has reduced over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: TEG has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: TEG has less than a year of cash runway if free cash flow continues to reduce at historical rates of 32% each year
What is Triangle Energy (Global) current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate TEG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate TEG's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if TEG's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if TEG's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: TEG is not paying a notable dividend for the Australian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of TEG's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Rob Towner (52 yo)
Mr. Robert Edgar Thomas Towner, also known as Rob, has been the Chief Executive Officer and Managing Director of Triangle Energy (Global) Limited since February 5, 2015. Mr. Towner has been an Executive Di...
CEO Compensation Analysis
Compensation vs Market: Rob's total compensation ($USD337.23K) is about average for companies of similar size in the Australian market ($USD303.55K).
Compensation vs Earnings: Rob's compensation has been consistent with company performance over the past year.
Experienced Management: TEG's management team is considered experienced (3.9 years average tenure).
Experienced Board: TEG's board of directors are considered experienced (3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: TEG insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 90.5%.
Triangle Energy (Global) Limited's employee growth, exchange listings and data sources
- Name: Triangle Energy (Global) Limited
- Ticker: TEG
- Exchange: ASX
- Founded: NaN
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Market Cap: AU$22.581m
- Shares outstanding: 1.08b
- Website: https://triangleenergy.com.au
- Triangle Energy (Global) Limited
- 100 Havelock Street
- Suite 2, Ground Floor
- West Perth
- Western Australia
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/21 18:16|
|End of Day Share Price||2021/10/21 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.