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ENAT

Enauta ParticipaçõesBOVESPA:ENAT3 Stock Report

Market Cap

R$3.9b

7D

-0.7%

1Y

42.5%

Updated

25 Oct, 2021

Data

Company Financials +
ENAT3 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth1/6
Past Performance4/6
Financial Health6/6
Dividends3/6

ENAT3 Overview

Enauta Participações S.A., together with its subsidiaries, engages in the exploration, production, and sale of oil, natural gas, and byproducts in Brazil.

Enauta Participações Competitors

Petro Rio

BOVESPA:PRIO3

R$23.0b

Kosmos Energy

NYSE:KOS

US$1.8b

Cairn Energy

LSE:CNE

UK£953.6m

Tullow Oil

LSE:TLW

UK£708.5m

Price History & Performance

Summary of all time highs, changes and price drops for Enauta Participações
Historical stock prices
Current Share PriceR$14.72
52 Week HighR$8.81
52 Week LowR$18.98
Beta1.19
1 Month Change8.72%
3 Month Change1.10%
1 Year Change42.50%
3 Year Change20.06%
5 Year Change166.67%
Change since IPO-18.67%

Recent News & Updates

Oct 06
There's Been No Shortage Of Growth Recently For Enauta Participações' (BVMF:ENAT3) Returns On Capital

There's Been No Shortage Of Growth Recently For Enauta Participações' (BVMF:ENAT3) Returns On Capital

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

Aug 18
Enauta Participações (BVMF:ENAT3) Has A Pretty Healthy Balance Sheet

Enauta Participações (BVMF:ENAT3) Has A Pretty Healthy Balance Sheet

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Jul 28
Analyst Forecasts For Enauta Participações S.A. (BVMF:ENAT3) Are Surging Higher

Analyst Forecasts For Enauta Participações S.A. (BVMF:ENAT3) Are Surging Higher

Shareholders in Enauta Participações S.A. ( BVMF:ENAT3 ) may be thrilled to learn that the analysts have just delivered...

Shareholder Returns

ENAT3BR Oil and GasBR Market
7D-0.7%-2.5%-4.5%
1Y42.5%42.3%1.8%

Return vs Industry: ENAT3 exceeded the BR Oil and Gas industry which returned 31.6% over the past year.

Return vs Market: ENAT3 exceeded the BR Market which returned -0.8% over the past year.

Price Volatility

Is ENAT3's price volatile compared to industry and market?
ENAT3 volatility
ENAT3 Beta1.19
Industry Beta1.37
Market Beta1

Stable Share Price: ENAT3 is not significantly more volatile than the rest of BR stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: ENAT3's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2010123Decio Oddonehttps://www.enauta.com.br

Enauta Participações S.A., together with its subsidiaries, engages in the exploration, production, and sale of oil, natural gas, and byproducts in Brazil. The company has a portfolio of 13 exploratory blocks, 1 asset under development, and 1 producing asset. Its principal asset is the 45% working interest owned Manati Field located in the Camamu basin, Bahia.

Enauta Participações Fundamentals Summary

How do Enauta Participações's earnings and revenue compare to its market cap?
ENAT3 fundamental statistics
Market CapR$3.86b
Earnings (TTM)R$164.35m
Revenue (TTM)R$835.90m

23.6x

P/E Ratio

4.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ENAT3 income statement (TTM)
RevenueR$835.90m
Cost of RevenueR$556.25m
Gross ProfitR$279.65m
ExpensesR$115.30m
EarningsR$164.35m

Last Reported Earnings

Mar 31, 2021

Next Earnings Date

Nov 10, 2021

Earnings per share (EPS)0.62
Gross Margin33.46%
Net Profit Margin19.66%
Debt/Equity Ratio7.3%

How did ENAT3 perform over the long term?

See historical performance and comparison

Dividends

1.3%

Current Dividend Yield

31%

Payout Ratio

Valuation

Is Enauta Participações undervalued compared to its fair value and its price relative to the market?

23.56x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ENAT3 (R$14.72) is trading above our estimate of fair value (R$8.11)

Significantly Below Fair Value: ENAT3 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ENAT3 is poor value based on its PE Ratio (23.6x) compared to the BR Oil and Gas industry average (20.5x).

PE vs Market: ENAT3 is poor value based on its PE Ratio (23.6x) compared to the BR market (11.6x).


Price to Earnings Growth Ratio

PEG Ratio: ENAT3's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: ENAT3 is good value based on its PB Ratio (1.4x) compared to the BR Oil and Gas industry average (1.8x).


Future Growth

How is Enauta Participações forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

-3.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ENAT3's earnings are forecast to decline over the next 3 years (-3.1% per year).

Earnings vs Market: ENAT3's earnings are forecast to decline over the next 3 years (-3.1% per year).

High Growth Earnings: ENAT3's earnings are forecast to decline over the next 3 years.

Revenue vs Market: ENAT3's revenue (17.8% per year) is forecast to grow faster than the BR market (7.7% per year).

High Growth Revenue: ENAT3's revenue (17.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ENAT3's Return on Equity is forecast to be low in 3 years time (12.3%).


Past Performance

How has Enauta Participações performed over the past 5 years?

7.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ENAT3 has a large one-off gain of R$177.5M impacting its March 31 2021 financial results.

Growing Profit Margin: ENAT3's current net profit margins (19.7%) are higher than last year (6.4%).


Past Earnings Growth Analysis

Earnings Trend: ENAT3's earnings have grown by 7.3% per year over the past 5 years.

Accelerating Growth: ENAT3's earnings growth over the past year (114.3%) exceeds its 5-year average (7.3% per year).

Earnings vs Industry: ENAT3 earnings growth over the past year (114.3%) exceeded the Oil and Gas industry 81.9%.


Return on Equity

High ROE: ENAT3's Return on Equity (5.9%) is considered low.


Financial Health

How is Enauta Participações's financial position?


Financial Position Analysis

Short Term Liabilities: ENAT3's short term assets (R$2.1B) exceed its short term liabilities (R$573.6M).

Long Term Liabilities: ENAT3's short term assets (R$2.1B) exceed its long term liabilities (R$1.1B).


Debt to Equity History and Analysis

Debt Level: ENAT3's debt to equity ratio (7.3%) is considered satisfactory.

Reducing Debt: ENAT3's debt to equity ratio has reduced from 13.6% to 7.3% over the past 5 years.

Debt Coverage: ENAT3's debt is well covered by operating cash flow (296.3%).

Interest Coverage: ENAT3's interest payments on its debt are well covered by EBIT (3.7x coverage).


Balance Sheet


Dividend

What is Enauta Participações's current dividend yield, its reliability and sustainability?

1.32%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ENAT3's dividend (1.32%) is higher than the bottom 25% of dividend payers in the BR market (1.28%).

High Dividend: ENAT3's dividend (1.32%) is low compared to the top 25% of dividend payers in the BR market (5.12%).


Stability and Growth of Payments

Stable Dividend: ENAT3 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: ENAT3's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (31%), ENAT3's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ENAT3's dividends in 3 years are forecast to be well covered by earnings (25.6% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?


CEO

Decio Oddone

1.08yrs

Tenure

Mr. Decio Oddone serves as Chief Executive Officer at Enauta Participações S.A. since September 21, 2020. Mr. Oddone is an executive with experience in the oil and gas sector, having developed his career a...


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

Enauta Participações S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Enauta Participações S.A.
  • Ticker: ENAT3
  • Exchange: BOVESPA
  • Founded: 2010
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: R$3.859b
  • Shares outstanding: 263.08m
  • Website: https://www.enauta.com.br

Number of Employees


Location

  • Enauta Participações S.A.
  • Av. Almirante Barroso, nº52
  • sala 1301, Centro
  • Rio de Janeiro
  • Rio de Janeiro
  • 20031-918
  • Brazil

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 23:22
End of Day Share Price2021/10/25 00:00
Earnings2021/03/31
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.