ASX:TEG

Stock Analysis Report

Triangle Energy (Global)

Executive Summary

Triangle Energy (Global) Limited engages in the exploration and production of oil and gas properties in Australia.


Snowflake Analysis

Imperfect balance sheet with weak fundamentals.

Share Price & News

How has Triangle Energy (Global)'s share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TEG's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-8.3%

TEG

-5.5%

AU Oil and Gas

-3.6%

AU Market


1 Year Return

-63.3%

TEG

-14.1%

AU Oil and Gas

10.9%

AU Market

Return vs Industry: TEG underperformed the Australian Oil and Gas industry which returned -14.1% over the past year.

Return vs Market: TEG underperformed the Australian Market which returned 10.9% over the past year.


Shareholder returns

TEGIndustryMarket
7 Day-8.3%-5.5%-3.6%
30 Day-15.4%-13.5%-3.7%
90 Day-18.5%-12.2%-0.2%
1 Year-63.3%-63.3%-10.8%-14.1%15.6%10.9%
3 Year26.9%25.7%9.0%-2.8%34.1%16.0%
5 Year-11.2%-12.0%-0.8%-17.5%44.9%12.6%

Price Volatility Vs. Market

How volatile is Triangle Energy (Global)'s share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Triangle Energy (Global) undervalued compared to its fair value and its price relative to the market?

5.46x

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 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 (5.5x) compared to the AU Oil and Gas industry average (1.1x).


Next Steps

Future Growth

How is Triangle Energy (Global) forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

14.8%

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.


Next Steps

Past Performance

How has Triangle Energy (Global) performed over the past 5 years?

-12.1%

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 -12.1% 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 (-0.7%).


Return on Equity

High ROE: TEG has a negative Return on Equity (-70.04%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Triangle Energy (Global)'s financial position?


Financial Position Analysis

Short Term Liabilities: TEG's short term assets (A$4.1M) do not cover its short term liabilities (A$4.7M).

Long Term Liabilities: TEG's short term assets (A$4.1M) do not cover its long term liabilities (A$21.1M).


Debt to Equity History and Analysis

Debt Level: TEG's debt to equity ratio (34.6%) is considered satisfactory.

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


Balance Sheet

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

Debt Coverage by Assets: TEG's debt is covered by short term assets (assets are 4.7x debt).


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 sufficient cash runway for 1.3 years if free cash flow continues to reduce at historical rates of -14.4% each year.


Next Steps

Dividend

What is Triangle Energy (Global)'s current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%2.4%markettop25%5.5%industryaverage4.3%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

High Dividend: Unable to evaluate TEG'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 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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.3yrs

Average management tenure


CEO

Rob Towner (50yo)

5.6yrs

Tenure

AU$466,390

Compensation

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 ($USD307.95K) is about average for companies of similar size in the Australian market ($USD250.90K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Robert Edgar Towner
CEO, MD & Executive Director5.6yrsAU$466.39k3.5% A$555.1k
Darren Bromley
Commercial Advisor0.3yrsAU$453.56k3.41% A$540.5k
Marvin Chan
Chief Financial Officer0.3yrsno datano data
Lucy Rowe
Company Secretary2.3yrsno datano data

1.3yrs

Average Tenure

Experienced Management: TEG's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Robert Edgar Towner
CEO, MD & Executive Director5.6yrsAU$466.39k3.5% A$555.1k
Edward Farrell
Non-Executive Director5.8yrsAU$68.28k0.92% A$146.3k
Jason Peacock
Non-Executive Director1.8yrsAU$36.00k0.25% A$40.2k
Wai-Lid Wong
Non-Executive Director1.8yrsAU$36.00kno data
Timothy Monckton
Independent Non-Executive Chairman0.9yrsAU$45.00kno data

1.8yrs

Average Tenure

Experienced Board: TEG's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 36.9%.


Top Shareholders

Company Information

Triangle Energy (Global) Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Triangle Energy (Global) Limited
  • Ticker: TEG
  • Exchange: ASX
  • Founded:
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: AU$15.873m
  • Shares outstanding: 360.75m
  • Website: https://www.triangleenergy.com.au

Location

  • Triangle Energy (Global) Limited
  • 100 Havelock Street
  • Suite 2
  • West Perth
  • Western Australia
  • 6005
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TEGASX (Australian Securities Exchange)YesOrdinary SharesAUAUDDec 2009
TEGCHIA (Chi-X Australia)YesOrdinary SharesAUAUDDec 2009
WMOADB (Deutsche Boerse AG)YesOrdinary SharesDEEURDec 2009

Biography

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 50% interest in the Mt Horner Production licence located in the Perth Basin, as well as an operating interest in the Reids Dome production licence in Queensland. Triangle Energy (Global) Limited is headquartered in West Perth, Australia. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/26 10:38
End of Day Share Price2020/02/26 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.