CNSX:OIL

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Permex Petroleum

Executive Summary

Permex Petroleum Corporation, a junior oil and gas company, engages in the acquisition, development, and production of oil and gas properties in the United States. More Details


Snowflake Analysis

Overvalued with worrying balance sheet.

Share Price & News

How has Permex Petroleum's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: OIL's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

OIL

-0.2%

CA Oil and Gas

1.0%

CA Market


1 Year Return

-16.7%

OIL

-32.6%

CA Oil and Gas

-5.7%

CA Market

Return vs Industry: OIL exceeded the Canadian Oil and Gas industry which returned -32.6% over the past year.

Return vs Market: OIL underperformed the Canadian Market which returned -5.7% over the past year.


Shareholder returns

OILIndustryMarket
7 Day0%-0.2%1.0%
30 Day0%-10.7%-2.6%
90 Day-37.5%-5.6%5.5%
1 Year-16.7%-16.7%-29.1%-32.6%-2.4%-5.7%
3 Yearn/a-35.2%-43.1%7.3%-3.0%
5 Yearn/a-27.4%-40.0%37.4%16.3%

Price Volatility Vs. Market

How volatile is Permex Petroleum's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Permex Petroleum undervalued compared to its fair value and its price relative to the market?

0.34x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

PE vs Market: OIL is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: OIL is good value based on its PB Ratio (0.3x) compared to the CA Oil and Gas industry average (0.9x).


Next Steps

Future Growth

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

46.3%

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 Permex Petroleum 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.


Next Steps

Past Performance

How has Permex Petroleum performed over the past 5 years?

65.6%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: OIL is currently unprofitable.

Growing Profit Margin: OIL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if OIL's year-on-year earnings growth rate was positive over the past 5 years.

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

Earnings vs Industry: OIL is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-50.9%).


Return on Equity

High ROE: OIL has a negative Return on Equity (-8.06%), as it is currently unprofitable.


Next Steps

Financial Health

How is Permex Petroleum's financial position?


Financial Position Analysis

Short Term Liabilities: OIL's short term assets (CA$104.1K) do not cover its short term liabilities (CA$893.7K).

Long Term Liabilities: OIL's short term assets (CA$104.1K) do not cover its long term liabilities (CA$3.5M).


Debt to Equity History and Analysis

Debt Level: OIL's debt to equity ratio (4.2%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if OIL's debt to equity ratio has reduced 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: OIL has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: OIL has less than a year of cash runway if free cash flow continues to grow at historical rates of 38.8% each year.


Next Steps

Dividend

What is Permex Petroleum current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if OIL'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 OIL's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

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

2.1yrs

Average board tenure


CEO

Mehran Ehsan (38 yo)

no data

Tenure

CA$150,000

Compensation

Mr. Mehran Ehsan serves as the President, Chief Executive Officer, Director and Treasurer of Kentucky Petroleum Operating Ltd. Mr. Ehsan serves as the Chief Executive Officer, President and Director of N.A ...


CEO Compensation Analysis

Compensation vs Market: Mehran's total compensation ($USD0.00) is below average for companies of similar size in the Canadian market ($USD174.80K).

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


Board Members

NamePositionTenureCompensationOwnership
Mehran Ehsan
Presidentno dataCA$150.00k3.38%
CA$ 67.6k
Barry Whelan
COO & Director3.42yrsCA$10.77k2.01%
CA$ 40.2k
Edward Odishaw
Independent Director2.75yrsno datano data
Douglas Urch
Independent Director1.83yrsno data0.60%
CA$ 12.0k
Greg Montgomery
Independent Director0.50yrno datano data
Peter Dorrins
Member of Advisory Board2.08yrsno datano data
Nate Kube
Member of Advisory Boardno datano datano data
Diana Goldstein
Member of Advisory Board2.08yrsno datano data
Wayne Schoen
Member of Advisory Boardno datano datano data
Kit Maddox
Member of Advisory Boardno datano datano data

2.1yrs

Average Tenure

69.5yo

Average Age

Experienced Board: OIL'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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Permex Petroleum Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Permex Petroleum Corporation
  • Ticker: OIL
  • Exchange: CNSX
  • Founded: 2017
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: CA$2.001m
  • Shares outstanding: 40.02m
  • Website: https://www.permexpetroleum.com

Location

  • Permex Petroleum Corporation
  • Standard Life Building
  • 625 Howe Street
  • Vancouver
  • British Columbia
  • V6C 2T6
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
OILCNSX (Canadian National Stock Exchange)YesCommon SharesCACADMay 2018
OILC.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDMay 2018

Biography

Permex Petroleum Corporation, a junior oil and gas company, engages in the acquisition, development, and production of oil and gas properties in the United States. The company holds interests in the Pittco ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/29 00:15
End of Day Share Price2020/09/28 00:00
Earnings2020/06/30
Annual Earnings2019/09/30


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.