ASX:TNP

Stock Analysis Report

Executive Summary

Triple Energy Limited, an oil gas company, explores for natural resources in the People’s Republic of China.


Snowflake Analysis

Worrying balance sheet with weak fundamentals.

Share Price & News

How has Triple Energy's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

TNP

-4.4%

AU Oil and Gas

-2.2%

AU Market


1 Year Return

-52.6%

TNP

-12.3%

AU Oil and Gas

11.6%

AU Market

Return vs Industry: TNP underperformed the Australian Oil and Gas industry which returned -8.4% over the past year.

Return vs Market: TNP underperformed the Australian Market which returned 14.6% over the past year.


Shareholder returns

TNPIndustryMarket
7 Day0%-4.4%-2.2%
30 Day0%-11.5%-2.2%
90 Dayn/a-9.7%2.2%
1 Year-52.6%-52.6%-9.6%-12.3%16.5%11.6%
3 Year-95.8%-96.3%11.0%-0.3%36.2%18.1%
5 Year-95.8%-96.3%0.2%-16.2%46.7%14.1%

Price Volatility Vs. Market

How volatile is Triple Energy's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Triple Energy undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Triple Energy is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Triple Energy has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of TNP’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.
  • When valuing a company like this, investors focus more on how they perceive the potential returns from the core activities, the size of each contract's opportunity, and the capacity of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Triple Energy regulatory filings.
  • Explore potentially undervalued companies in the Energy industry.

Future Growth

How is Triple Energy 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 Triple Energy 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 Triple Energy performed over the past 5 years?

10.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TNP is currently unprofitable.

Growing Profit Margin: TNP is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TNP is unprofitable, but has reduced losses over the past 5 years at a rate of 10.9% per year.

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

Earnings vs Industry: TNP 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: TNP's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Triple Energy's financial position?


Financial Position Analysis

Short Term Liabilities: TNP has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: TNP has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: TNP has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: TNP's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet

Inventory Level: TNP has a low level of unsold assets or inventory.

Debt Coverage by Assets: TNP has negative shareholder equity (liabilities exceed assets) therefore debt is not 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: TNP has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: TNP has less than a year of cash runway if free cash flow continues to grow at historical rates of 24.6% each year.


Next Steps

Dividend

What is Triple Energy's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.4%markettop25%5.5%industryaverage4.3%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

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

0.8yrs

Average board tenure


CEO

Triple Energy has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
HongBing Zhang
Executive Director0.8yrsno datano data
Murray d'Almeida
Independent Non-Executive Director2.6yrsAU$40.00kno data
Christopher Berkefeld
Independent Non-Executive Director2.6yrsAU$40.00kno data
RuoYun Zhang
Non-Executive Director0.8yrsno datano data
Tun Kei
Non-Executive Director0.8yrsno datano data

0.8yrs

Average Tenure

Experienced Board: TNP's board of directors are not considered experienced ( 0.8 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.


Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 54.1%.


Top Shareholders

Company Information

Triple Energy Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Triple Energy Limited
  • Ticker: TNP
  • Exchange: ASX
  • Founded:
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: AU$647.964k
  • Shares outstanding: 72.00m
  • Website: https://www.tripleenergy.net

Number of Employees


Location

  • Triple Energy Limited
  • 589 Stirling Highway
  • Unit 24
  • Cottesloe
  • Western Australia
  • 6011
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TNPASX (Australian Securities Exchange)YesOrdinary SharesAUAUDDec 2005
TNPCHIA (Chi-X Australia)YesOrdinary SharesAUAUDDec 2005

Biography

Triple Energy Limited, an oil gas company, explores for natural resources in the People’s Republic of China. The company owns an 80% interest in a coalmine gas project in the Heilongjiang province. It also holds interests in the oil and gas exploration property. The company was formerly known as Tango Petroleum Limited and changed its name to Triple Energy Limited in March 2012. Triple Energy Limited is based in Cottesloe, 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 10:38
End of Day Share Price2020/02/12 00:00
Earnings2019/09/30
Annual Earnings2019/03/31


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.