EWC

Energy WorldASX:EWC Stock Report

Market Cap

AU$195.6m

7D

1.4%

1Y

47.1%

Updated

20 Sep, 2021

Data

Company Financials
EWC fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance3/6
Financial Health1/6
Dividends0/6

EWC Overview

Energy World Corporation Ltd, an independent energy company, produces and sells power and natural gas primarily in the Asia Pacific region.

Price History & Performance

Summary of all time highs, changes and price drops for Energy World
Historical stock prices
Current Share PriceAU$0.075
52 Week HighAU$0.05
52 Week LowAU$0.17
Beta0.89
1 Month Change-5.06%
3 Month Change-6.25%
1 Year Change47.06%
3 Year Change-59.46%
5 Year Change-67.39%
Change since IPO-62.50%

Recent News & Updates

Mar 09
Is Energy World Corporation Ltd's (ASX:EWC) Shareholder Ownership Skewed Towards Insiders?

Is Energy World Corporation Ltd's (ASX:EWC) Shareholder Ownership Skewed Towards Insiders?

If you want to know who really controls Energy World Corporation Ltd ( ASX:EWC ), then you'll have to look at the...

Feb 11
Returns On Capital At Energy World (ASX:EWC) Paint An Interesting Picture

Returns On Capital At Energy World (ASX:EWC) Paint An Interesting Picture

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...

Jan 21
A Look At Energy World's (ASX:EWC) Share Price Returns

A Look At Energy World's (ASX:EWC) Share Price Returns

While not a mind-blowing move, it is good to see that the Energy World Corporation Ltd ( ASX:EWC ) share price has...

Dec 30
How Much is Energy World's (ASX:EWC) CEO Getting Paid?

How Much is Energy World's (ASX:EWC) CEO Getting Paid?

Stewart William Elliott has been the CEO of Energy World Corporation Ltd ( ASX:EWC ) since 2000, and this article will...

Shareholder Returns

EWCAU Renewable EnergyAU Market
7D1.4%2.0%-0.1%
1Y47.1%17.4%28.8%

Return vs Industry: EWC exceeded the Australian Renewable Energy industry which returned 17.4% over the past year.

Return vs Market: EWC exceeded the Australian Market which returned 28.8% over the past year.

Price Volatility

Is EWC's price volatile compared to industry and market?
EWC volatility
EWC Beta0.89
Industry Beta0.63
Market Beta1

Stable Share Price: EWC is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: EWC's weekly volatility has decreased from 12% to 6% over the past year.

About the Company

FoundedEmployeesCEOWebsite
1985n/aStewart William Elliotthttps://www.energyworldcorp.com

Energy World Corporation Ltd, an independent energy company, produces and sells power and natural gas primarily in the Asia Pacific region. The company designs, develops, constructs, operates, and maintains power stations, liquefied natural gas (LNG) plants, and gas pipelines; explores for, develops, and produces gas and oil; and designs and develops LNG HUB terminals. It also owns and operates a 315 MW combined cycle power plant in Sengkang, Indonesia, as well as a 650 MW combined cycle gas fired power plant in the Philippines.

Energy World Fundamentals Summary

How do Energy World's earnings and revenue compare to its market cap?
EWC fundamental statistics
Market CapUS$142.26m
Earnings (TTM)US$45.17m
Revenue (TTM)US$155.32m

3.2x

P/E Ratio

0.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
EWC income statement (TTM)
RevenueUS$155.32m
Cost of RevenueUS$64.39m
Gross ProfitUS$90.92m
ExpensesUS$45.75m
EarningsUS$45.17m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.0054
Gross Margin58.54%
Net Profit Margin29.08%
Debt/Equity Ratio74.2%

How did EWC perform over the long term?

See historical performance and comparison

Valuation

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

14.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: EWC (A$0.08) is trading below our estimate of fair value (A$0.09)

Significantly Below Fair Value: EWC is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: EWC is good value based on its PE Ratio (3.2x) compared to the Oceanic Renewable Energy industry average (31.1x).

PE vs Market: EWC is good value based on its PE Ratio (3.2x) compared to the Australian market (18.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate EWC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: EWC is good value based on its PB Ratio (0.2x) compared to the AU Renewable Energy industry average (1.9x).


Future Growth

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

19.1%

Forecasted Utilities 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 Energy World 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 Energy World performed over the past 5 years?

-0.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EWC has a large one-off gain of $27.1M impacting its June 30 2021 financial results.

Growing Profit Margin: EWC's current net profit margins (29.1%) are higher than last year (7.3%).


Past Earnings Growth Analysis

Earnings Trend: EWC's earnings have declined by 0.7% per year over the past 5 years.

Accelerating Growth: EWC's earnings growth over the past year (289.7%) exceeds its 5-year average (-0.7% per year).

Earnings vs Industry: EWC earnings growth over the past year (289.7%) exceeded the Renewable Energy industry 16.2%.


Return on Equity

High ROE: EWC's Return on Equity (5.6%) is considered low.


Financial Health

How is Energy World's financial position?


Financial Position Analysis

Short Term Liabilities: EWC's short term assets ($114.9M) do not cover its short term liabilities ($210.7M).

Long Term Liabilities: EWC's short term assets ($114.9M) do not cover its long term liabilities ($703.2M).


Debt to Equity History and Analysis

Debt Level: EWC's debt to equity ratio (74.2%) is considered high.

Reducing Debt: EWC's debt to equity ratio has increased from 66.7% to 74.2% over the past 5 years.

Debt Coverage: EWC's debt is not well covered by operating cash flow (7.4%).

Interest Coverage: EWC's interest payments on its debt are well covered by EBIT (25.2x coverage).


Balance Sheet


Dividend

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


Dividend Yield vs Market

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

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

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

10.7yrs

Average board tenure


CEO

Stewart William Elliott (75 yo)

21yrs

Tenure

US$450,000

Compensation

Mr. Stewart William George Elliott serves as the Founder and Managing Director of Energy World International Limited. Mr. Elliott is the Founder of Energy World Corp. Ltd. and has been its Managing Directo...


CEO Compensation Analysis

Compensation vs Market: Stewart William's total compensation ($USD450.00K) is above average for companies of similar size in the Australian market ($USD276.85K).

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


Board Members

Experienced Board: EWC's board of directors are seasoned and experienced ( 10.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: EWC 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 45.2%.


Top Shareholders

Company Information

Energy World Corporation Ltd's employee growth, exchange listings and data sources


Key Information

  • Name: Energy World Corporation Ltd
  • Ticker: EWC
  • Exchange: ASX
  • Founded: 1985
  • Industry: Independent Power Producers and Energy Traders
  • Sector: Utilities
  • Market Cap: AU$195.610m
  • Shares outstanding: 2.61b
  • Website: https://www.energyworldcorp.com

Location

  • Energy World Corporation Ltd
  • 9A, Seaforth Crescent
  • Seaforth
  • New South Wales
  • 2092
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/20 15:26
End of Day Share Price2021/09/20 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.