TSXV:PLX

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Point Loma Resources

Executive Summary

Point Loma Resources Ltd. engages in the acquisition, development, and production of petroleum and natural gas reserves in Western Canada.


Snowflake Analysis

Weak fundamentals or lack of information.

Share Price & News

How has Point Loma Resources's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

PLX

1.0%

CA Oil and Gas

2.5%

CA Market


1 Year Return

-90.0%

PLX

-27.8%

CA Oil and Gas

-11.7%

CA Market

Return vs Industry: PLX underperformed the Canadian Oil and Gas industry which returned -27.8% over the past year.

Return vs Market: PLX underperformed the Canadian Market which returned -11.7% over the past year.


Shareholder returns

PLXIndustryMarket
7 Day0%1.0%2.5%
30 Day-20.0%2.4%2.6%
90 Day-73.3%-22.7%-8.7%
1 Year-90.0%-90.0%-24.0%-27.8%-8.6%-11.7%
3 Year-95.7%-95.7%-30.9%-38.6%-1.4%-10.5%
5 Yearn/a-33.2%-42.8%14.2%-2.1%

Price Volatility Vs. Market

How volatile is Point Loma Resources's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Point Loma Resources undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Point Loma Resources is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Point Loma Resources has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of PLX’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the potential returns from the core activities, the size of each contract's opportunity, and the capacity of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Point Loma Resources regulatory filings.
  • Explore potentially undervalued companies in the Energy industry.

Future Growth

How is Point Loma Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

47.5%

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 Point Loma Resources 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

  • Take a look at our analysis of PLX’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • Point Loma Resources competitive advantages and company strategy can generally be found in its financial reports archived here.
  • Explore growth companies in the Energy industry.

Past Performance

How has Point Loma Resources performed over the past 5 years?

-49.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PLX is currently unprofitable.

Growing Profit Margin: PLX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PLX is unprofitable, and losses have increased over the past 5 years at a rate of -49.1% per year.

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

Earnings vs Industry: PLX is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-18.2%).


Return on Equity

High ROE: PLX's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is Point Loma Resources's financial position?


Financial Position Analysis

Short Term Liabilities: PLX has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: PLX has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: PLX has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: PLX's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


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: PLX has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: PLX has less than a year of cash runway if free cash flow continues to reduce at historical rates of 27% each year


Next Steps

Dividend

What is Point Loma Resources's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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


CEO

Point Loma Resources has no CEO, or we have no data on them.


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 been diluted in the past year, with total shares outstanding growing by 26.6%.


Top Shareholders

Company Information

Point Loma Resources Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Point Loma Resources Ltd.
  • Ticker: PLX
  • Exchange: TSXV
  • Founded:
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: CA$1.813m
  • Shares outstanding: 90.64m
  • Website: https://www.pointloma.ca

Number of Employees


Location

  • Point Loma Resources Ltd.
  • 300, 707-7th Avenue SW
  • Calgary
  • Alberta
  • T2P 3H6
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PLXTSXV (TSX Venture Exchange)YesCommon SharesCACADJun 2016
FMTN.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJun 2016
2LPDB (Deutsche Boerse AG)YesCommon SharesDEEURJun 2016

Biography

Point Loma Resources Ltd. engages in the acquisition, development, and production of petroleum and natural gas reserves in Western Canada. The company holds approximately 55,200 net acres in the Paddle River area, which include approximately 16,600 net acres in the Whitecourt area; approximately 8,600 net acres in the Gilby area; and approximately 12,600 net acres in the Eastern Alberta area in Edmonton, Alberta. The company is headquartered in Calgary, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/31 06:08
End of Day Share Price2020/05/14 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.