CNSX:OIL

Stock Analysis Report

Permex Petroleum

Executive Summary

Permex Petroleum Corporation engages in the acquisition, development, and production of oil and gas properties in the United States.

Snowflake

Fundamentals

Imperfect balance sheet with limited growth.

Risks

  • Permex Petroleum is covered by less than 3 analysts.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

30.0%

OIL

3.1%

CA Oil and Gas

1.3%

CA Market


1 Year Return

-81.4%

OIL

-10.7%

CA Oil and Gas

-0.1%

CA Market

OIL underperformed the Oil and Gas industry which returned -10.7% over the past year.

OIL underperformed the Market in Canada which returned -0.1% over the past year.


Share holder returns

OILIndustryMarket
7 Day30.0%3.1%1.3%
30 Day-13.3%10.0%4.7%
90 Day-53.6%1.0%1.6%
1 Year-81.4%-81.4%-6.6%-10.7%3.4%-0.1%
3 Yearn/a-5.2%-15.0%19.1%8.4%
5 Yearn/a-24.1%-35.3%23.2%5.7%

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 based on future cash flows and its price relative to the stock market?

0.41x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Permex Petroleum to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Permex Petroleum to establish if it is available at substantial discount.


Price Based on Earnings

Permex Petroleum is loss making, we can't compare its value to the CA Oil and Gas industry average.

Permex Petroleum is loss making, we can't compare the value of its earnings to the Canada market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Permex Petroleum, we can't assess if its growth is good value.


Price Based on Value of Assets

Permex Petroleum is good value based on assets compared to the CA Oil and Gas industry average.


Next Steps

Future Growth

How is Permex Petroleum expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

66.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Permex Petroleum's revenue is expected to grow significantly at over 20% yearly.

Permex Petroleum is not considered high growth as it is expected to be loss making for the next 1-3 years.

Permex Petroleum's revenue growth is expected to exceed the Canada market average.

Unable to compare Permex Petroleum's earnings growth to the Canada market average as it is expected to be loss making during the next 1-3 years.

Unable to compare Permex Petroleum's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Permex Petroleum will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Permex Petroleum performed over the past 5 years?

39.3%

Last years earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Permex Petroleum does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.

Unable to compare Permex Petroleum's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Permex Petroleum's 1-year growth to the CA Oil and Gas industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Permex Petroleum has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if Permex Petroleum has efficiently used its assets last year compared to the CA Oil and Gas industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Permex Petroleum improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Permex Petroleum's financial position?


Financial Position Analysis

Permex Petroleum's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Permex Petroleum's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Permex Petroleum has no debt.

Permex Petroleum currently has no debt however we can't compare to 5 years ago as we have no data for that period.


Balance Sheet

High level of physical assets or inventory.

Permex Petroleum has no debt, it does not need to be covered by short term assets.


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.

Permex Petroleum has less than a year of cash runway based on current free cash flow.

Permex Petroleum has less than a year of cash runway if free cash flow continues to grow at historical rates of 47.4% each year.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate Permex Petroleum's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Permex Petroleum's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Permex Petroleum has not reported any payouts.

Unable to verify if Permex Petroleum's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Permex Petroleum has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Permex Petroleum's salary, the management and board of directors tenure and is there insider trading?

1.8yrs

Average board tenure


CEO

Mehran Ehsan (37yo)

0yrs

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

Mehran's remuneration is about average for companies of similar size in Canada.

Mehran's compensation has increased whilst company is loss making.


Board Age and Tenure

1.8yrs

Average Tenure

51.5yo

Average Age

The average tenure for the Permex Petroleum board of directors is less than 3 years, this suggests a new board.


Insider Trading

More shares have been bought than sold by Permex Petroleum individual insiders in the past 3 months, but not in substantial volumes.


Recent Insider Transactions

BuyCA$71511 Sep 19
Scott Kelly
EntityIndividual
Role
Member of the Board of Directors
CFO, Corporate Secretary & Director
Shares11,000
Max PriceCA$0.065
BuyCA$37,50011 Sep 19
Scott Kelly
EntityIndividual
Role
Member of the Board of Directors
CFO, Corporate Secretary & Director
Shares250,000
Max PriceCA$0.15
BuyCA$109,50008 May 19
Mehran Ehsan
EntityIndividual
Role
Chief Executive Officer
President
Shares730,000
Max PriceCA$0.15
BuyCA$21,30008 May 19
Barry Whelan
EntityIndividual
Role
Member of the Board of Directors
COO & Director
Shares142,000
Max PriceCA$0.15
BuyCA$2,00008 May 19
Earl Tobin
EntityIndividual
Shares13,333
Max PriceCA$0.15
BuyCA$15,00008 May 19
Douglas Urch
EntityIndividual
Role
Member of the Board of Directors
Director
Shares100,000
Max PriceCA$0.15
BuyCA$8,25002 May 19
Mehran Ehsan
EntityIndividual
Role
Chief Executive Officer
President
Shares55,000
Max PriceCA$0.15
BuyCA$9,30022 Apr 19
Mehran Ehsan
EntityIndividual
Role
Chief Executive Officer
President
Shares60,000
Max PriceCA$0.15
BuyCA$10,88004 Apr 19
Mehran Ehsan
EntityIndividual
Role
Chief Executive Officer
President
Shares68,000
Max PriceCA$0.16
BuyCA$1,10014 Mar 19
Barry Whelan
EntityIndividual
Role
Member of the Board of Directors
COO & Director
Shares9,500
Max PriceCA$0.12
BuyCA$4,55714 Mar 19
Mehran Ehsan
EntityIndividual
Role
Chief Executive Officer
President
Shares31,000
Max PriceCA$0.15
BuyCA$20,25013 Mar 19
Mehran Ehsan
EntityIndividual
Role
Chief Executive Officer
President
Shares150,000
Max PriceCA$0.14
BuyCA$14,97012 Mar 19
Mehran Ehsan
EntityIndividual
Role
Chief Executive Officer
President
Shares122,000
Max PriceCA$0.14
BuyCA$90005 Dec 18
Barry Whelan
EntityIndividual
Role
Member of the Board of Directors
COO & Director
Shares4,000
Max PriceCA$0.23
BuyCA$9,54819 Nov 18
Douglas Urch
EntityIndividual
Role
Member of the Board of Directors
Director
Shares40,000
Max PriceCA$0.24
BuyCA$1,20019 Nov 18
Mehran Ehsan
EntityIndividual
Role
Chief Executive Officer
President
Shares5,000
Max PriceCA$0.24
BuyCA$1,34707 Nov 18
Barry Whelan
EntityIndividual
Role
Member of the Board of Directors
COO & Director
Shares5,500
Max PriceCA$0.24
BuyCA$95402 Nov 18
Mehran Ehsan
EntityIndividual
Role
Chief Executive Officer
President
Shares4,000
Max PriceCA$0.24
BuyCA$87525 Sep 18
Barry Whelan
EntityIndividual
Role
Member of the Board of Directors
COO & Director
Shares2,500
Max PriceCA$0.35

Ownership Breakdown


Management Team

  • Barry Whelan (77yo)

    COO & Director

    • Tenure: 2.4yrs
    • Compensation: CA$10.77k
  • Scott Kelly (43yo)

    CFO, Corporate Secretary & Director

    • Tenure: 1.8yrs
    • Compensation: CA$30.00k
  • Mehran Ehsan (37yo)

    President

    • Tenure: 0yrs
    • Compensation: CA$150.00k
  • Justin Kates (36yo)

    General Counsel & Independent Director

    • Tenure: 1.8yrs
  • Connie Hang

    Controller

    • Tenure: 0yrs

Board Members

  • Edward Odishaw (83yo)

    Independent Director

    • Tenure: 1.8yrs
  • Barry Whelan (77yo)

    COO & Director

    • Tenure: 2.4yrs
    • Compensation: CA$10.77k
  • Doug Urch (60yo)

    Director

    • Tenure: 0.8yrs
  • Peter Dorrins

    Member of Advisory Board

    • Tenure: 1.1yrs
  • Scott Kelly (43yo)

    CFO, Corporate Secretary & Director

    • Tenure: 1.8yrs
    • Compensation: CA$30.00k
  • Mehran Ehsan (37yo)

    President

    • Tenure: 0yrs
    • Compensation: CA$150.00k
  • Justin Kates (36yo)

    General Counsel & Independent Director

    • Tenure: 1.8yrs
  • Diana Goldstein

    Member of Advisory Board

    • Tenure: 1.1yrs
  • Wayne Schoen

    Member of Advisory Board

    • Tenure: 0yrs
  • Kit Maddox

    Member of Advisory Board

    • Tenure: 0yrs

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$2.602m
  • Shares outstanding: 40.02m
  • Website: https://www.permexpetroleum.com

Location

  • Permex Petroleum Corporation
  • 625 Howe Street
  • Suite 1290
  • 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 engages in the acquisition, development, and production of oil and gas properties in the United States. The company holds interests in the Pittcock North property that covers a ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/22 00:46
End of Day Share Price2019/09/20 00:00
Earnings2019/06/30
Annual Earnings2018/09/30


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.