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TEG

Triangle Energy (Global)ASX:TEG Stock Report

Market Cap

AU$22.6m

7D

0%

1Y

-36.4%

Updated

21 Oct, 2021

Data

Company Financials
TEG fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health2/6
Dividends0/6

TEG Overview

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

Price History & Performance

Summary of all time highs, changes and price drops for Triangle Energy (Global)
Historical stock prices
Current Share PriceAU$0.021
52 Week HighAU$0.018
52 Week LowAU$0.041
Beta0.40
1 Month Change-4.55%
3 Month Change0%
1 Year Change-36.36%
3 Year Change-76.14%
5 Year Change-16.00%
Change since IPO-97.67%

Recent News & Updates

Shareholder Returns

TEGAU Oil and GasAU Market
7D0%-0.7%1.5%
1Y-36.4%48.3%21.1%

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.

Price Volatility

Is TEG's price volatile compared to industry and market?
TEG volatility
TEG Beta0.40
Industry Beta1.29
Market Beta1

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

FoundedEmployeesCEOWebsite
n/an/aRob Townerhttps://triangleenergy.com.au

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

How do Triangle Energy (Global)'s earnings and revenue compare to its market cap?
TEG fundamental statistics
Market CapAU$22.58m
Earnings (TTM)-AU$3.93m
Revenue (TTM)AU$6.66m

3.4x

P/S Ratio

-5.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TEG income statement (TTM)
RevenueAU$6.66m
Cost of RevenueAU$5.70m
Gross ProfitAU$953.12k
ExpensesAU$4.88m
Earnings-AU$3.93m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0037
Gross Margin14.32%
Net Profit Margin-59.07%
Debt/Equity Ratio4.8%

How did TEG perform over the long term?

See historical performance and comparison

Valuation

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

3.1x

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).


Future Growth

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

7.8%

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.


Past Performance

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

-7.6%

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.


Financial Health

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.


Balance Sheet


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


Dividend

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.


Next Steps

Management

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

3.9yrs

Average management tenure


CEO

Rob Towner (52 yo)

7.25yrs

Tenure

AU$450,305

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 ($USD337.23K) is about average for companies of similar size in the Australian market ($USD303.55K).

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


Leadership Team

Experienced Management: TEG's management team is considered experienced (3.9 years average tenure).


Board Members

Experienced Board: TEG's board of directors are considered experienced (3 years average tenure).


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 90.5%.


Top Shareholders

Company Information

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


Key Information

  • 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

Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/21 18:16
End of Day Share Price2021/10/21 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.