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FORZ

Forza PetroleumTSX:FORZ Stock Report

Market Cap

CA$84.8m

7D

-6.5%

1Y

107.1%

Updated

09 Dec, 2021

Data

Company Financials
FORZ fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance3/6
Financial Health5/6
Dividends0/6

FORZ Stock Overview

Forza Petroleum Limited operates as an oil exploration, development, and production company in the Middle East.

Forza Petroleum Competitors

Africa Oil

TSX:AOI

CA$953.7m

TotalEnergies

ENXTPA:TTE

€115.9b

Lundin Energy

OM:LUNE

kr104.3b

Santos

ASX:STO

AU$14.0b

Price History & Performance

Summary of all time highs, changes and price drops for Forza Petroleum
Historical stock prices
Current Share PriceCA$0.14
52 Week HighCA$0.20
52 Week LowCA$0.06
Beta2.52
1 Month Change-9.38%
3 Month Change31.82%
1 Year Change107.14%
3 Year Change-25.64%
5 Year Change-74.11%
Change since IPO-99.01%

Recent News & Updates

Shareholder Returns

FORZCA Oil and GasCA Market
7D-6.5%4.4%2.6%
1Y107.1%44.9%20.3%

Return vs Industry: FORZ exceeded the Canadian Oil and Gas industry which returned 45.3% over the past year.

Return vs Market: FORZ exceeded the Canadian Market which returned 20.7% over the past year.

Price Volatility

Is FORZ's price volatile compared to industry and market?
FORZ volatility
FORZ Average Weekly Movement15.3%
Oil and Gas Industry Average Movement10.0%
Market Average Movement9.5%
10% most volatile stocks in CA Market17.2%
10% least volatile stocks in CA Market3.6%

Stable Share Price: FORZ is more volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 15% a week.

Volatility Over Time: FORZ's weekly volatility (15%) has been stable over the past year, but is still higher than 75% of Canadian stocks.

About the Company

FoundedEmployeesCEOWebsite
2010n/aVance Queriohttps://www.forzapetroleum.com

Forza Petroleum Limited operates as an oil exploration, development, and production company in the Middle East. The company has a 65% participating interest in and operates the Hawler license area located in the Kurdistan Region of Iraq. As of December 31, 2020, it had proved plus probable oil reserves of approximately 62 million barrels.

Forza Petroleum Fundamentals Summary

How do Forza Petroleum's earnings and revenue compare to its market cap?
FORZ fundamental statistics
Market CapUS$67.08m
Earnings (TTM)US$147.65m
Revenue (TTM)US$90.90m

0.5x

P/E Ratio

0.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FORZ income statement (TTM)
RevenueUS$90.90m
Cost of RevenueUS$35.22m
Gross ProfitUS$55.69m
Expenses-US$91.96m
EarningsUS$147.65m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.25
Gross Margin61.26%
Net Profit Margin162.43%
Debt/Equity Ratio0.0%

How did FORZ perform over the long term?

See historical performance and comparison

Valuation

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

21.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: FORZ (CA$0.15) is trading below our estimate of fair value (CA$0.18)

Significantly Below Fair Value: FORZ is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: FORZ is good value based on its PE Ratio (0.5x) compared to the Canadian Oil and Gas industry average (7.7x).

PE vs Market: FORZ is good value based on its PE Ratio (0.5x) compared to the Canadian market (12.2x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: FORZ is good value based on its PB Ratio (0.1x) compared to the CA Oil and Gas industry average (1.9x).


Future Growth

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

13.4%

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 Forza 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.


Past Performance

How has Forza Petroleum performed over the past 5 years?

10.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FORZ has a high level of non-cash earnings.

Growing Profit Margin: FORZ became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: FORZ has become profitable over the past 5 years, growing earnings by 10.5% per year.

Accelerating Growth: FORZ has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: FORZ has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (123.6%).


Return on Equity

High ROE: FORZ's Return on Equity (30.1%) is considered high.


Financial Health

How is Forza Petroleum's financial position?


Financial Position Analysis

Short Term Liabilities: FORZ's short term assets ($64.3M) exceed its short term liabilities ($19.7M).

Long Term Liabilities: FORZ's short term assets ($64.3M) do not cover its long term liabilities ($96.1M).


Debt to Equity History and Analysis

Debt Level: FORZ is debt free.

Reducing Debt: FORZ has no debt compared to 5 years ago when its debt to equity ratio was 18.1%.

Debt Coverage: FORZ has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: FORZ has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

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


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if FORZ'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 FORZ'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?

5.6yrs

Average management tenure


CEO

Vance Querio

5.75yrs

Tenure

US$1,402,931

Compensation

Mr. Vance Querio has been the Chief Executive Officer of Forza Petroleum Limited (formerly known as Oryx Petroleum Corporation Limited) since March 2016. Mr. Querio served as the Chief Operating Officer of...


CEO Compensation Analysis

Compensation vs Market: Vance's total compensation ($USD1.40M) is above average for companies of similar size in the Canadian market ($USD160.97K).

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


Leadership Team

Experienced Management: FORZ's management team is seasoned and experienced (5.6 years average tenure).


Board Members

Experienced Board: FORZ's board of directors are considered experienced (4.5 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

Forza Petroleum Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Forza Petroleum Limited
  • Ticker: FORZ
  • Exchange: TSX
  • Founded: 2010
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: CA$84.822m
  • Shares outstanding: 584.98m
  • Website: https://www.forzapetroleum.com

Number of Employees


Location

  • Forza Petroleum Limited
  • 3400 First Canadian Centre 350
  • 7th Avenue Southwest
  • Calgary
  • Alberta
  • T2P 3N9
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/09 00:13
End of Day Share Price2021/12/08 00:00
Earnings2021/09/30
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.