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VEN

Vintage EnergyASX:VEN Stock Report

Market Cap

AU$66.6m

7D

10.0%

1Y

86.4%

Updated

26 Oct, 2021

Data

Company Financials
VEN fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

VEN Overview

Vintage Energy Limited acquires, explores for, and develops oil and gas properties in Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Vintage Energy
Historical stock prices
Current Share PriceAU$0.11
52 Week HighAU$0.048
52 Week LowAU$0.12
Beta1.77
1 Month Change50.69%
3 Month Change66.67%
1 Year Change86.44%
3 Year Change-40.54%
5 Year Changen/a
Change since IPO-48.84%

Recent News & Updates

Oct 06
We're Keeping An Eye On Vintage Energy's (ASX:VEN) Cash Burn Rate

We're Keeping An Eye On Vintage Energy's (ASX:VEN) Cash Burn Rate

We can readily understand why investors are attracted to unprofitable companies. For example, although Amazon.com made...

Jun 21
Here's Why We're Watching Vintage Energy's (ASX:VEN) Cash Burn Situation

Here's Why We're Watching Vintage Energy's (ASX:VEN) Cash Burn Situation

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although...

Shareholder Returns

VENAU Oil and GasAU Market
7D10.0%-3.2%0.8%
1Y86.4%48.1%24.4%

Return vs Industry: VEN exceeded the Australian Oil and Gas industry which returned 48.1% over the past year.

Return vs Market: VEN exceeded the Australian Market which returned 24.4% over the past year.

Price Volatility

Is VEN's price volatile compared to industry and market?
VEN volatility
VEN Beta1.77
Industry Beta1.29
Market Beta1

Stable Share Price: VEN is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: VEN's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2015n/aNeil Gibbinshttps://www.vintageenergy.com.au

Vintage Energy Limited acquires, explores for, and develops oil and gas properties in Australia. The company owns 100% interests in the Block CO2019-E located in the Cooper / Eromanga Basins; GSEL 672 located in Otway Basin; and EP 126 located in Bonaparte Basin. Vintage Energy Limited was incorporated in 2015 and is based in Goodwood, Australia.

Vintage Energy Fundamentals Summary

How do Vintage Energy's earnings and revenue compare to its market cap?
VEN fundamental statistics
Market CapAU$66.58m
Earnings (TTM)-AU$2.37m
Revenue (TTM)AU$39.44k

1.8kx

P/S Ratio

-28.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
VEN income statement (TTM)
RevenueAU$39.44k
Cost of RevenueAU$0
Gross ProfitAU$39.44k
ExpensesAU$2.41m
Earnings-AU$2.37m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0039
Gross Margin100.00%
Net Profit Margin-6,005.27%
Debt/Equity Ratio0%

How did VEN perform over the long term?

See historical performance and comparison

Valuation

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

1.52x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: VEN is good value based on its PB Ratio (1.5x) compared to the AU Oil and Gas industry average (2.5x).


Future Growth

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

10.2%

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 Vintage 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.


Past Performance

How has Vintage Energy performed over the past 5 years?

-24.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: VEN is currently unprofitable.

Growing Profit Margin: VEN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: VEN is unprofitable, and losses have increased over the past 5 years at a rate of 24.8% per year.

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

Earnings vs Industry: VEN 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: VEN has a negative Return on Equity (-5.4%), as it is currently unprofitable.


Financial Health

How is Vintage Energy's financial position?


Financial Position Analysis

Short Term Liabilities: VEN's short term assets (A$8.1M) exceed its short term liabilities (A$691.8K).

Long Term Liabilities: VEN's short term assets (A$8.1M) exceed its long term liabilities (A$1.1M).


Debt to Equity History and Analysis

Debt Level: VEN is debt free.

Reducing Debt: VEN currently has no debt however we can't compare to 5 years ago as we have no data for that period.


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: VEN has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: VEN has less than a year of cash runway if free cash flow continues to reduce at historical rates of 34.6% each year


Dividend

What is Vintage Energy current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

5.9yrs

Average board tenure


CEO

Neil Gibbins

4.67yrs

Tenure

AU$452,540

Compensation

Mr. Neil M. Gibbins, BSc (Hons)- Geophysics serves as Managing Director and Non Independent Director of Vintage Energy Ltd. Mr. Gibbins served as the Chief Operating Officer of Beach Energy Limited since M...


CEO Compensation Analysis

Compensation vs Market: Neil's total compensation ($USD339.24K) is about average for companies of similar size in the Australian market ($USD301.38K).

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


Board Members

Experienced Board: VEN's board of directors are considered experienced (5.9 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 50.4%.


Top Shareholders

Company Information

Vintage Energy Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Vintage Energy Limited
  • Ticker: VEN
  • Exchange: ASX
  • Founded: 2015
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: AU$66.584m
  • Shares outstanding: 605.31m
  • Website: https://www.vintageenergy.com.au

Location

  • Vintage Energy Limited
  • 58 King William Road
  • Goodwood
  • South Australia
  • 5034
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 16:30
End of Day Share Price2021/10/26 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.