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WEL

Winchester EnergyASX:WEL Stock Report

Market Cap

AU$13.8m

7D

-5.9%

1Y

-38.5%

Updated

25 Oct, 2021

Data

Company Financials
WEL fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health5/6
Dividends0/6

WEL Overview

Winchester Energy Limited, together with its subsidiaries, engages in the acquisition and exploration of oil and gas properties in the United States and Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Winchester Energy
Historical stock prices
Current Share PriceAU$0.016
52 Week HighAU$0.013
52 Week LowAU$0.03
Beta1.63
1 Month Change0%
3 Month Change6.67%
1 Year Change-38.46%
3 Year Change-38.46%
5 Year Change-84.00%
Change since IPO-91.35%

Recent News & Updates

Shareholder Returns

WELAU Oil and GasAU Market
7D-5.9%-4.1%0.6%
1Y-38.5%41.3%21.3%

Return vs Industry: WEL underperformed the Australian Oil and Gas industry which returned 41.3% over the past year.

Return vs Market: WEL underperformed the Australian Market which returned 21.3% over the past year.

Price Volatility

Is WEL's price volatile compared to industry and market?
WEL volatility
WEL Beta1.63
Industry Beta1.29
Market Beta1

Stable Share Price: WEL is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: WEL's weekly volatility (10%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2014n/an/ahttps://www.winchesterenergyltd.com

Winchester Energy Limited, together with its subsidiaries, engages in the acquisition and exploration of oil and gas properties in the United States and Australia. As of March 16, 2021, it had 17,560 net acres within leases located in the Eastern Shelf of the Permian Basin in Texas. The company was incorporated in 2014 and is based in West Perth, Australia.

Winchester Energy Fundamentals Summary

How do Winchester Energy's earnings and revenue compare to its market cap?
WEL fundamental statistics
Market CapUS$10.36m
Earnings (TTM)-US$4.14m
Revenue (TTM)US$1.93m

5.4x

P/S Ratio

-2.5x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
WEL income statement (TTM)
RevenueUS$1.93m
Cost of RevenueUS$733.12k
Gross ProfitUS$1.20m
ExpensesUS$5.34m
Earnings-US$4.14m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0048
Gross Margin62.05%
Net Profit Margin-214.27%
Debt/Equity Ratio0.0%

How did WEL perform over the long term?

See historical performance and comparison

Valuation

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

1.18x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: WEL is good value based on its PB Ratio (1.2x) compared to the AU Oil and Gas industry average (2.6x).


Future Growth

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

7.5%

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 Winchester 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 Winchester Energy performed over the past 5 years?

-0.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: WEL is currently unprofitable.

Growing Profit Margin: WEL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: WEL is unprofitable, and losses have increased over the past 5 years at a rate of 0.9% per year.

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

Earnings vs Industry: WEL 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: WEL has a negative Return on Equity (-47.16%), as it is currently unprofitable.


Financial Health

How is Winchester Energy's financial position?


Financial Position Analysis

Short Term Liabilities: WEL's short term assets ($2.9M) exceed its short term liabilities ($1.1M).

Long Term Liabilities: WEL has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: WEL is debt free.

Reducing Debt: WEL has no debt compared to 5 years ago when its debt to equity ratio was 0.02%.


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: WEL has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: WEL has less than a year of cash runway if free cash flow continues to grow at historical rates of 7.5% each year.


Dividend

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


Dividend Yield vs Market

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

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

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

2.1yrs

Average board tenure


CEO

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


Board Members

Experienced Board: WEL's board of directors are not considered experienced ( 2.1 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 25.4%.


Top Shareholders

Company Information

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


Key Information

  • Name: Winchester Energy Limited
  • Ticker: WEL
  • Exchange: ASX
  • Founded: 2014
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: AU$13.821m
  • Shares outstanding: 863.81m
  • Website: https://www.winchesterenergyltd.com

Location

  • Winchester Energy Limited
  • 10 Outram Street
  • Level 1
  • West Perth
  • Western Australia
  • 6005
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 16:56
End of Day Share Price2021/10/25 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.