ASX:TOE

Stock Analysis Report

Executive Summary

Toro Energy Limited engages in the exploration, evaluation, and development of uranium properties in Australia.

Rewards

Earnings have grown 9.2% per year over the past 5 years

Risk Analysis

Currently unprofitable and not forecast to become profitable over the next 3 years

Highly volatile share price over past 3 months

Shareholders have been diluted in the past year

Does not have a meaningful market cap (A$17M)



Snowflake Analysis

Mediocre balance sheet and overvalued.


Similar Companies

Energy Resources of Australia

ASX:ERA

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-12.5%

TOE

0.4%

AU Oil and Gas

0.7%

AU Market


1 Year Return

-73.1%

TOE

-8.8%

AU Oil and Gas

15.5%

AU Market

Return vs Industry: TOE underperformed the Australian Oil and Gas industry which returned -8.5% over the past year.

Return vs Market: TOE underperformed the Australian Market which returned 15.8% over the past year.


Shareholder returns

TOEIndustryMarket
7 Day-12.5%0.4%0.7%
30 Day-17.6%-7.8%0.8%
90 Day-30.0%-2.8%6.1%
1 Year-73.1%-73.1%-5.0%-8.8%20.6%15.5%
3 Year-86.0%-86.0%12.4%0.9%38.1%19.7%
5 Year-91.5%-91.5%6.3%-11.0%51.8%17.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

0.32x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate TOE's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate TOE's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: TOE is unprofitable, so we can't compare its PE Ratio to the Oil and Gas industry average.

PE vs Market: TOE 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 TOE's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TOE is good value based on its PB Ratio (0.3x) compared to the AU Oil and Gas industry average (1.2x).


Next Steps

Future Growth

How is Toro Energy forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

13.2%

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 Toro 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 Toro Energy performed over the past 5 years?

9.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TOE is currently unprofitable.

Growing Profit Margin: TOE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TOE is unprofitable, but has reduced losses over the past 5 years at a rate of 9.2% per year.

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

Earnings vs Industry: TOE is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (58.2%).


Return on Equity

High ROE: TOE has a negative Return on Equity (-5.05%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Toro Energy's financial position?


Financial Position Analysis

Short Term Liabilities: TOE's short term assets (A$5.4M) do not cover its short term liabilities (A$11.0M).

Long Term Liabilities: TOE's short term assets (A$5.4M) do not cover its long term liabilities (A$6.0M).


Debt to Equity History and Analysis

Debt Level: TOE's debt to equity ratio (33.9%) is considered satisfactory.

Reducing Debt: TOE's debt to equity ratio has increased from 7.4% to 33.9% over the past 5 years.


Balance Sheet

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

Debt Coverage by Assets: TOE's debt is not covered by short term assets (assets are 0.3x 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: TOE has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: TOE has sufficient cash runway for 1.4 years if free cash flow continues to grow at historical rates of 28.9% each year.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.3%markettop25%5.4%industryaverage4.0%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

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

5.2yrs

Average board tenure


CEO

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


Board Members

NamePositionTenureCompensationOwnership
Richard Homsany
Executive Chairman3.1yrsAU$296.56kno data
Richard Patricio
Non-Executive Director6.2yrsAU$50.00kno data
Michel Marier
Non-Executive Director5.2yrsAU$50.00kno data

5.2yrs

Average Tenure

Experienced Board: TOE's board of directors are considered experienced (5.2 years average tenure).


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 diluted in the past year, with total shares outstanding growing by 7.6%.


Top Shareholders

Company Information

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


Key Information

  • Name: Toro Energy Limited
  • Ticker: TOE
  • Exchange: ASX
  • Founded:
  • Industry: Coal and Consumable Fuels
  • Sector: Energy
  • Market Cap: AU$17.433m
  • Shares outstanding: 2.49b
  • Website: https://www.toroenergy.com.au

Number of Employees


Location

  • Toro Energy Limited
  • 60 Havelock Street
  • West Perth
  • Western Australia
  • 6005
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TOEASX (Australian Securities Exchange)YesOrdinary SharesAUAUDMar 2006
T4WDB (Deutsche Boerse AG)YesOrdinary SharesDEEURMar 2006
TOEY.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDMar 2006
T4WMUN (Boerse Muenchen)YesOrdinary SharesDEEURMar 2006
TOECHIA (Chi-X Australia)YesOrdinary SharesAUAUDMar 2006

Biography

Toro Energy Limited engages in the exploration, evaluation, and development of uranium properties in Australia. Its flagship project is the Wiluna uranium project located in the central Western Australia. The company 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 Analysis2020/02/20 10:37
End of Day Share Price2020/02/20 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.