Executive Summary
Africa Oil Corp., together with its subsidiaries, operates as an oil and gas exploration and development company in Kenya and Ethiopia. More Details
Rewards
Risk Analysis
Snowflake Analysis
Fair value with moderate growth potential.
Similar Companies
Share Price & News
How has Africa Oil's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AOI is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: AOI's weekly volatility (7%) has been stable over the past year.
Market Performance
7 Day Return
1.7%
AOI
-2.0%
CA Oil and Gas
-0.2%
CA Market
1 Year Return
-18.2%
AOI
-24.4%
CA Oil and Gas
1.5%
CA Market
Return vs Industry: AOI exceeded the Canadian Oil and Gas industry which returned -24.4% over the past year.
Return vs Market: AOI underperformed the Canadian Market which returned 1.4% over the past year.
Shareholder returns
| AOI | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.7% | -2.0% | -0.2% |
| 30 Day | 6.1% | 5.9% | 2.7% |
| 90 Day | 24.7% | 23.3% | 12.5% |
| 1 Year | -18.2%-18.2% | -20.0%-24.4% | 5.2%1.5% |
| 3 Year | -25.3%-25.3% | -21.0%-30.8% | 13.5%2.7% |
| 5 Year | -37.6%-37.6% | -3.9%-21.0% | 60.0%35.5% |
Long-Term Price Volatility Vs. Market
How volatile is Africa Oil's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall St
Africa Oil's(TSE:AOI) Share Price Is Down 48% Over The Past Five Years.7 months ago | Simply Wall St
What Kind Of Shareholders Own Africa Oil Corp. (TSE:AOI)?9 months ago | Simply Wall St
Does Market Volatility Impact Africa Oil Corp.'s (TSE:AOI) Share Price?Valuation
Is Africa Oil undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: AOI (CA$1.21) is trading below our estimate of fair value (CA$3.97)
Significantly Below Fair Value: AOI is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: AOI is unprofitable, so we can't compare its PE Ratio to the CA Oil and Gas industry average.
PE vs Market: AOI 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 AOI's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: AOI is good value based on its PB Ratio (0.7x) compared to the CA Oil and Gas industry average (1.2x).
Next Steps
Future Growth
How is Africa Oil forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
59.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AOI is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.5%).
Earnings vs Market: AOI is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: AOI's is expected to become profitable in the next 3 years.
Revenue vs Market: Insufficient data to determine if AOI's revenue is forecast to grow faster than the Canadian market.
High Growth Revenue: Insufficient data to determine if AOI's revenue is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if AOI's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Africa Oil performed over the past 5 years?
-36.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AOI is currently unprofitable.
Growing Profit Margin: AOI is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: AOI is unprofitable, and losses have increased over the past 5 years at a rate of 36% per year.
Accelerating Growth: Unable to compare AOI's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: AOI is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-52.6%).
Return on Equity
High ROE: AOI has a negative Return on Equity (-35.75%), as it is currently unprofitable.
Next Steps
Financial Health
How is Africa Oil's financial position?
Financial Position Analysis
Short Term Liabilities: AOI's short term assets ($32.6M) exceed its short term liabilities ($25.3M).
Long Term Liabilities: AOI's short term assets ($32.6M) do not cover its long term liabilities ($179.8M).
Debt to Equity History and Analysis
Debt Level: AOI's debt to equity ratio (26%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if AOI'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: AOI has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if AOI has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
Next Steps
Dividend
What is Africa Oil current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate AOI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate AOI'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 AOI's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if AOI'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 AOI'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?
9.8yrs
Average management tenure
CEO
Keith Hill (61 yo)
11.83yrs
Tenure
US$1,954,869
Compensation
Mr. Keith C. Hill, B.Sc., M.Sc., MBA, has been the Chief Executive Officer of Africa Oil Corp. since October 2006 and has been its President and Director since October 2006. He has over30 years of experien...
CEO Compensation Analysis
Compensation vs Market: Keith's total compensation ($USD1.95M) is above average for companies of similar size in the Canadian market ($USD790.06K).
Compensation vs Earnings: Keith's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Non-Independent Director | 11.83yrs | US$1.95m | 0.28% $ 1.6m | |
| Chief Financial Officer | 1.25yrs | US$959.88k | 0.0023% $ 12.9k | |
| Chief Operating Officer | 5.75yrs | US$928.35k | 0.016% $ 92.5k | |
| Consultant | no data | US$144.48k | no data | |
| Vice President of Exploration | 9.83yrs | US$970.52k | 0.033% $ 188.9k | |
| Corporate Secretary | 11.33yrs | no data | no data |
9.8yrs
Average Tenure
62yo
Average Age
Experienced Management: AOI's management team is seasoned and experienced (9.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Non-Independent Director | 11.83yrs | US$1.95m | 0.28% $ 1.6m | |
| Independent Chairman of the Board | 4.75yrs | US$189.08k | 0.052% $ 296.8k | |
| Independent Director | 12.58yrs | US$157.67k | 0.033% $ 191.2k | |
| Director | 1.33yrs | US$836.55k | 0.21% $ 1.2m | |
| Independent Director | 3yrs | US$153.90k | no data | |
| Independent Director | 5.67yrs | US$168.97k | 0.024% $ 137.1k | |
| Independent Director | 1.42yrs | US$18.77k | no data |
4.8yrs
Average Tenure
61yo
Average Age
Experienced Board: AOI's board of directors are considered experienced (4.8 years average tenure).
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
Africa Oil Corp.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Africa Oil Corp.
- Ticker: AOI
- Exchange: TSX
- Founded: 1983
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Market Cap: CA$571.072m
- Shares outstanding: 471.96m
- Website: https://www.africaoilcorp.com
Number of Employees
Location
- Africa Oil Corp.
- 885 West Georgia Street
- Suite 2000
- Vancouver
- British Columbia
- V6C 3E8
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| AOI | TSX (The Toronto Stock Exchange) | Yes | Common Shares | CA | CAD | Jan 1996 |
| AFZ | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Jan 1996 |
| AOI | OM (OMX Nordic Exchange Stockholm) | Yes | Common Shares | SE | SEK | Jan 1996 |
| AOIF.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | Jan 1996 |
| 0QVL | LSE (London Stock Exchange) | Yes | Common Shares | GB | SEK | Jan 1996 |
| AOIS | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Common Shares | GB | SEK | Jan 1996 |
Biography
Africa Oil Corp., together with its subsidiaries, operates as an oil and gas exploration and development company in Kenya and Ethiopia. The company holds interests in producing and development assets in de...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/23 23:59 |
| End of Day Share Price | 2021/01/22 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.