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XST

Xstate ResourcesASX:XST Stock Report

Market Cap

AU$14.5m

7D

0%

1Y

28.6%

Updated

18 Oct, 2021

Data

Company Financials
XST fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health2/6
Dividends0/6

XST Overview

Xstate Resources Limited, together with its subsidiaries, engages in the exploration and production of oil and natural gas properties in the United States.

Price History & Performance

Summary of all time highs, changes and price drops for Xstate Resources
Historical stock prices
Current Share PriceAU$0.0045
52 Week HighAU$0.002
52 Week LowAU$0.023
Beta1.99
1 Month Change12.50%
3 Month Change-10.00%
1 Year Change28.57%
3 Year Change12.50%
5 Year Change-70.00%
Change since IPO-99.96%

Recent News & Updates

Shareholder Returns

XSTAU Oil and GasAU Market
7D0%0.5%0.9%
1Y28.6%48.9%20.2%

Return vs Industry: XST underperformed the Australian Oil and Gas industry which returned 48.9% over the past year.

Return vs Market: XST exceeded the Australian Market which returned 20.2% over the past year.

Price Volatility

Is XST's price volatile compared to industry and market?
XST volatility
XST Beta1.99
Industry Beta1.28
Market Beta1

Stable Share Price: XST is more volatile than 90% of Australian stocks over the past 3 months, typically moving +/- 24% a week.

Volatility Over Time: XST's weekly volatility has decreased from 31% to 24% over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
1987n/aAndrew Childshttps://www.xstateresources.com.au

Xstate Resources Limited, together with its subsidiaries, engages in the exploration and production of oil and natural gas properties in the United States. The company holds participating interests of 10%-30% in various gas production assets in the Sacramento Basin, California. It also has an 12% interest in the King Brown gold tenement.

Xstate Resources Fundamentals Summary

How do Xstate Resources's earnings and revenue compare to its market cap?
XST fundamental statistics
Market CapAU$14.47m
Earnings (TTM)-AU$3.51m
Revenue (TTM)AU$2.00m

7.3x

P/S Ratio

-4.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
XST income statement (TTM)
RevenueAU$2.00m
Cost of RevenueAU$0
Gross ProfitAU$2.00m
ExpensesAU$5.50m
Earnings-AU$3.51m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0011
Gross Margin100.00%
Net Profit Margin-175.67%
Debt/Equity Ratio1.2%

How did XST perform over the long term?

See historical performance and comparison

Valuation

Is Xstate Resources undervalued compared to its fair value and its price relative to the market?

4.74x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: XST is overvalued based on its PB Ratio (4.7x) compared to the AU Oil and Gas industry average (2.5x).


Future Growth

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

7.8%

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 Xstate Resources 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 Xstate Resources performed over the past 5 years?

8.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: XST is currently unprofitable.

Growing Profit Margin: XST is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: XST is unprofitable, but has reduced losses over the past 5 years at a rate of 8.1% per year.

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

Earnings vs Industry: XST 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: XST has a negative Return on Equity (-114.74%), as it is currently unprofitable.


Financial Health

How is Xstate Resources's financial position?


Financial Position Analysis

Short Term Liabilities: XST's short term assets (A$629.8K) exceed its short term liabilities (A$627.3K).

Long Term Liabilities: XST's short term assets (A$629.8K) do not cover its long term liabilities (A$15.3M).


Debt to Equity History and Analysis

Debt Level: XST's debt to equity ratio (1.2%) is considered satisfactory.

Reducing Debt: XST's debt to equity ratio has increased from 1% to 1.2% over the past 5 years.


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

Forecast Cash Runway: XST has less than a year of cash runway if free cash flow continues to reduce at historical rates of 14.7% each year


Dividend

What is Xstate Resources's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

3.5yrs

Average management tenure


CEO

Andrew Childs (62 yo)

1.75yrs

Tenure

AU$31,351

Compensation

Mr. Andrew Ross Childs, B.SC. (Geology and Zoology), serves as Executive Chairman at Xstate Resources Limited since July 14, 2021. He served as Non-Executive Director of Xstate Resources Limited since Apr...


Leadership Team

Experienced Management: XST's management team is considered experienced (3.5 years average tenure).


Board Members

Experienced Board: XST's board of directors are not considered experienced ( 1.2 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: XST 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 121.9%.


Top Shareholders

Company Information

Xstate Resources Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Xstate Resources Limited
  • Ticker: XST
  • Exchange: ASX
  • Founded: 1987
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: AU$14.468m
  • Shares outstanding: 3.22b
  • Website: https://www.xstateresources.com.au

Location

  • Xstate Resources Limited
  • 31 Cliff Street
  • Level 1
  • Fremantle
  • Western Australia
  • 6160
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/18 15:12
End of Day Share Price2021/10/18 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.