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WEC

White EnergyASX:WEC Stock Report

Market Cap

AU$100.7m

7D

-3.7%

1Y

4.0%

Updated

22 Oct, 2021

Data

Company Financials
WEC fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health0/6
Dividends0/6

WEC Overview

White Energy Company Limited engages in coal technology, coal mining, and exploration businesses in Australia, Indonesia, China, Singapore, South Africa, Mauritius, the United States, and the United Kingdom.

White Energy Competitors

Kobe Steel

TSE:5406

JP¥235.4b

Clean Coal Technologies

OTCPK:CCTC

US$2.6m

Price History & Performance

Summary of all time highs, changes and price drops for White Energy
Historical stock prices
Current Share PriceAU$0.13
52 Week HighAU$0.092
52 Week LowAU$0.15
Beta1.16
1 Month Change8.33%
3 Month Change-13.33%
1 Year Change4.00%
3 Year Change96.97%
5 Year Change83.10%
Change since IPO-86.74%

Recent News & Updates

Jan 12
Are Insiders Buying White Energy Company Limited (ASX:WEC) Stock?

Are Insiders Buying White Energy Company Limited (ASX:WEC) Stock?

We often see insiders buying up shares in companies that perform well over the long term. On the other hand, we'd be...

Shareholder Returns

WECAU Oil and GasAU Market
7D-3.7%-2.2%0.7%
1Y4.0%44.0%21.4%

Return vs Industry: WEC underperformed the Australian Oil and Gas industry which returned 44% over the past year.

Return vs Market: WEC underperformed the Australian Market which returned 21.4% over the past year.

Price Volatility

Is WEC's price volatile compared to industry and market?
WEC volatility
WEC Beta1.16
Industry Beta1.29
Market Beta1

Stable Share Price: WEC is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 13% a week.

Volatility Over Time: WEC's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
n/an/aBrian Flanneryhttps://www.whiteenergyco.com

White Energy Company Limited engages in coal technology, coal mining, and exploration businesses in Australia, Indonesia, China, Singapore, South Africa, Mauritius, the United States, and the United Kingdom. It holds license for the Binderless Coal Briquetting technology, which processes poor quality coal into a higher quality product; and EL6566 tenements near Coober Pedy, South Australia. The company is headquartered in Brisbane, Australia.

White Energy Fundamentals Summary

How do White Energy's earnings and revenue compare to its market cap?
WEC fundamental statistics
Market CapAU$100.68m
Earnings (TTM)-AU$14.72m
Revenue (TTM)AU$224.00k

464.3x

P/S Ratio

-6.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
WEC income statement (TTM)
RevenueAU$224.00k
Cost of RevenueAU$86.00k
Gross ProfitAU$138.00k
ExpensesAU$14.86m
Earnings-AU$14.72m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.019
Gross Margin61.61%
Net Profit Margin-6,571.43%
Debt/Equity Ratio-109.9%

How did WEC perform over the long term?

See historical performance and comparison

Valuation

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

32.5x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: WEC is overvalued based on its PB Ratio (32.5x) compared to the AU Oil and Gas industry average (2.5x).


Future Growth

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

7.2%

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 White 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 White Energy performed over the past 5 years?

15.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: WEC is currently unprofitable.

Growing Profit Margin: WEC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: WEC is unprofitable, but has reduced losses over the past 5 years at a rate of 15.3% per year.

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

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


Financial Health

How is White Energy's financial position?


Financial Position Analysis

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

Long Term Liabilities: WEC 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: WEC has negative shareholder equity, which is a more serious situation than a high debt level.

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


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

Forecast Cash Runway: WEC has less than a year of cash runway if free cash flow continues to grow at historical rates of 28.6% each year.


Dividend

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


Dividend Yield vs Market

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

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

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

11.1yrs

Average management tenure


CEO

Brian Flannery (70 yo)

11.08yrs

Tenure

AU$150,998

Compensation

Mr. Brian Joseph Flannery, BE, has been the Chief Executive Officer, Managing Director and Executive Director of White Energy Company Limited since September 17, 2010. Mr. Flannery is a mining engineer wit...


CEO Compensation Analysis

Compensation vs Market: Brian's total compensation ($USD113.08K) is below average for companies of similar size in the Australian market ($USD303.33K).

Compensation vs Earnings: Brian's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: WEC's management team is seasoned and experienced (11.1 years average tenure).


Board Members

Experienced Board: WEC's board of directors are seasoned and experienced ( 11.1 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: White Energy Company Limited
  • Ticker: WEC
  • Exchange: ASX
  • Founded: NaN
  • Industry: Coal and Consumable Fuels
  • Sector: Energy
  • Market Cap: AU$100.682m
  • Shares outstanding: 774.48m
  • Website: https://www.whiteenergyco.com

Location

  • White Energy Company Limited
  • 167 Eagle Street
  • Level 7
  • Brisbane
  • Queensland
  • 4000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/22 15:43
End of Day Share Price2021/10/22 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.