ASX:WBE

Stock Analysis Report

Whitebark Energy

Executive Summary

Whitebark Energy Limited engages in the evaluation of oil and gas exploration projects in the Perth Basin, Western Australia.


Snowflake Analysis

Mediocre balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

WBE

-0.6%

AU Oil and Gas

0.8%

AU Market


1 Year Return

80.0%

WBE

-8.9%

AU Oil and Gas

15.3%

AU Market

Return vs Industry: WBE exceeded the Australian Oil and Gas industry which returned -8.9% over the past year.

Return vs Market: WBE exceeded the Australian Market which returned 15.3% over the past year.


Shareholder returns

WBEIndustryMarket
7 Day0%-0.6%0.8%
30 Day-25.0%-9.0%0.3%
90 Day-10.0%-3.4%5.3%
1 Year80.0%80.0%-5.0%-8.9%20.5%15.3%
3 Year-19.6%-25.0%11.7%0.3%37.4%18.8%
5 Year-66.7%-69.0%5.7%-12.9%50.7%16.8%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

4.57x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: WBE is overvalued based on its PB Ratio (4.6x) compared to the AU Oil and Gas industry average (1.2x).


Next Steps

Future Growth

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

11.3%

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 Whitebark 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 Whitebark Energy performed over the past 5 years?

-4.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: WBE is currently unprofitable.

Growing Profit Margin: WBE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: WBE is unprofitable, and losses have increased over the past 5 years at a rate of -4.7% per year.

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

Earnings vs Industry: WBE 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: WBE has a negative Return on Equity (-105.37%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Whitebark Energy's financial position?


Financial Position Analysis

Short Term Liabilities: WBE's short term assets (A$5.2M) exceed its short term liabilities (A$1.7M).

Long Term Liabilities: WBE's short term assets (A$5.2M) do not cover its long term liabilities (A$8.6M).


Debt to Equity History and Analysis

Debt Level: WBE is debt free.

Reducing Debt: WBE has no debt compared to 5 years ago when its debt to equity ratio was 6.3%.


Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if WBE's debt is 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: WBE has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: WBE has less than a year of cash runway if free cash flow continues to grow at historical rates of 4.5% each year.


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

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

4.3yrs

Average board tenure


CEO

David Messina 0

3.2yrs

Tenure

AU$528,936

Compensation

Mr. David Messina has been Managing Director of Whitebark Energy Ltd. since December 2016 and serves as its Executive Director since April 20, 2016. Mr. Messina served as the Chief Commercial Officer of Tr ...


CEO Compensation Analysis

Compensation vs Market: David's total compensation ($USD355.35K) is above average for companies of similar size in the Australian market ($USD254.81K).

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


Board Members

NamePositionTenureCompensationOwnership
David Messina
MD & Executive Director3.2yrsAU$528.94k1.29% A$352.0k
Stephen Keenihan
Co-Founder & Independent Director8.9yrsAU$185.03k2.87% A$780.7k
Charles Morgan
Non-Executive Chairman4.3yrsAU$87.16k3.55% A$966.2k

4.3yrs

Average Tenure

Experienced Board: WBE's board of directors are considered experienced (4.3 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 substantially diluted in the past year, with total shares outstanding growing by 64.3%.


Top Shareholders

Company Information

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


Key Information

  • Name: Whitebark Energy Limited
  • Ticker: WBE
  • Exchange: ASX
  • Founded:
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: AU$27.227m
  • Shares outstanding: 3.03b
  • Website: https://www.whitebarkenergy.com

Number of Employees


Location

  • Whitebark Energy Limited
  • 6 Thelma Street
  • Level 2
  • West Perth
  • Western Australia
  • 6005
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
WBEASX (Australian Securities Exchange)YesOrdinary SharesAUAUDMar 2011
TSVCHIA (Chi-X Australia)YesOrdinary SharesAUAUDMar 2011
WBECHIA (Chi-X Australia)YesOrdinary SharesAUAUDMar 2011

Biography

Whitebark Energy Limited engages in the evaluation of oil and gas exploration projects in the Perth Basin, Western Australia. It holds a 100% interest in the Warro Gas Project located in northeast of Perth. The company also holds interests in various oil and gas properties located in Alberta, Canada. The company was formerly known as Transerv Energy Limited and changed its name to Whitebark Energy Limited in July 2017. Whitebark Energy Limited is based 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 Analysis2020/02/19 10:37
End of Day Share Price2020/02/19 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.