TSX:AAV

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Advantage Oil & Gas

Executive Summary

Advantage Oil & Gas Ltd., together with its subsidiaries, acquires, exploits, develops, and produces natural gas and liquids in the Province of Alberta, Canada. More Details


Snowflake Analysis

Imperfect balance sheet with limited growth.

Share Price & News

How has Advantage Oil & Gas's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

11.7%

AAV

-2.4%

CA Oil and Gas

-1.2%

CA Market


1 Year Return

9.5%

AAV

-34.0%

CA Oil and Gas

-4.5%

CA Market

Return vs Industry: AAV exceeded the Canadian Oil and Gas industry which returned -33.2% over the past year.

Return vs Market: AAV exceeded the Canadian Market which returned -3.8% over the past year.


Shareholder returns

AAVIndustryMarket
7 Day11.7%-2.4%-1.2%
30 Day31.4%-6.1%-0.03%
90 Day39.4%-12.9%0.9%
1 Year9.5%9.5%-30.4%-34.0%-1.0%-4.5%
3 Year-66.7%-66.7%-35.3%-43.3%6.4%-4.0%
5 Year-67.8%-67.8%-29.3%-41.7%34.5%13.8%

Price Volatility Vs. Market

How volatile is Advantage Oil & Gas's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Advantage Oil & Gas undervalued compared to its fair value and its price relative to the market?

0.42x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: AAV (CA$2.18) is trading above our estimate of fair value (CA$0.91)

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: AAV is good value based on its PB Ratio (0.4x) compared to the CA Oil and Gas industry average (0.8x).


Next Steps

Future Growth

How is Advantage Oil & Gas forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

28.6%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if AAV's forecast earnings growth is above the savings rate (1.7%).

Earnings vs Market: Insufficient data to determine if AAV's earnings are forecast to grow faster than the Canadian market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: AAV's revenue (28.6% per year) is forecast to grow faster than the Canadian market (5.8% per year).

High Growth Revenue: AAV's revenue (28.6% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AAV's Return on Equity is forecast to be low in 3 years time (5%).


Next Steps

Past Performance

How has Advantage Oil & Gas performed over the past 5 years?

-67.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AAV is currently unprofitable.

Growing Profit Margin: AAV is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: AAV is unprofitable, and losses have increased over the past 5 years at a rate of 67.7% per year.

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

Earnings vs Industry: AAV 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: AAV has a negative Return on Equity (-30.5%), as it is currently unprofitable.


Next Steps

Financial Health

How is Advantage Oil & Gas's financial position?


Financial Position Analysis

Short Term Liabilities: AAV's short term assets (CA$38.2M) do not cover its short term liabilities (CA$48.5M).

Long Term Liabilities: AAV's short term assets (CA$38.2M) do not cover its long term liabilities (CA$460.2M).


Debt to Equity History and Analysis

Debt Level: AAV's debt to equity ratio (34.3%) is considered satisfactory.

Reducing Debt: AAV's debt to equity ratio has increased from 25.2% to 34.3% over the past 5 years.

Debt Coverage: AAV's debt is well covered by operating cash flow (31.8%).

Interest Coverage: Insufficient data to determine if AAV's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Advantage Oil & Gas's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if AAV's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: AAV is not paying a notable dividend for the Canadian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of AAV'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?

7.2yrs

Average management tenure


CEO

Andy Mah (61 yo)

11.75yrs

Tenure

CA$2,471,036

Compensation

Mr. Andy J. Mah has been the Chief Executive Officer at Advantage Oil & Gas Ltd. (AOG) since January 27, 2009 and served as its President until November 2019. Mr. Mah has experience in the oil and gas indu ...


CEO Compensation Analysis

Compensation vs Market: Andy's total compensation ($USD1.88M) is above average for companies of similar size in the Canadian market ($USD834.60K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Andy Mah
CEO & Director11.75yrsCA$2.47m0.75%
CA$ 3.1m
Michael Belenkie
President & COO0.92yrCA$1.73m0.032%
CA$ 132.0k
Craig Blackwood
Chief Financial Officer7.17yrsCA$1.31m0.37%
CA$ 1.5m
David Sterna
Vice President of Marketing & Commercial2.5yrsCA$957.58k0.016%
CA$ 67.0k
Neil Bokenfohr
Senior Vice President6.58yrsCA$1.50m0.60%
CA$ 2.5m
Anthony Coombs
Controller16.08yrsno datano data
Jay Reid
Corporate Secretary19.5yrsno datano data

7.2yrs

Average Tenure

56yo

Average Age

Experienced Management: AAV's management team is seasoned and experienced (7.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Andy Mah
CEO & Director11.75yrsCA$2.47m0.75%
CA$ 3.1m
Ronald McIntosh
Independent Chairman6.67yrsCA$190.00k0.049%
CA$ 201.2k
Paul Haggis
Independent Director11.92yrsCA$137.50k0.027%
CA$ 110.8k
Grant Fagerheim
Independent Director6.42yrsCA$125.00k0.027%
CA$ 109.0k
Jill Angevine
Independent Director5.42yrsCA$125.00k0.016%
CA$ 65.4k
Stephen Balog
Independent Director13.17yrsCA$125.00k0.033%
CA$ 136.7k
Donald Clague
Independent Director0.17yrno data0.016%
CA$ 65.4k

6.7yrs

Average Tenure

64.5yo

Average Age

Experienced Board: AAV's board of directors are considered experienced (6.7 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: AAV 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

Advantage Oil & Gas Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Advantage Oil & Gas Ltd.
  • Ticker: AAV
  • Exchange: TSX
  • Founded: 2001
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: CA$410.086m
  • Shares outstanding: 188.11m
  • Website: https://www.advantageog.com

Number of Employees


Location

  • Advantage Oil & Gas Ltd.
  • Millennium Tower
  • Suite 2200
  • Calgary
  • Alberta
  • T2P 5E9
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AAVTSX (The Toronto Stock Exchange)YesCommon SharesCACADMay 1992
AAVV.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDMay 1992
9SADB (Deutsche Boerse AG)YesCommon SharesDEEURMay 1992
0UG9LSE (London Stock Exchange)YesCommon SharesGBCADMay 1992

Biography

Advantage Oil & Gas Ltd., together with its subsidiaries, acquires, exploits, develops, and produces natural gas and liquids in the Province of Alberta, Canada. The company focuses on the development and p ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/20 23:51
End of Day Share Price2020/10/20 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.