TSXV:SDX

Stock Analysis Report

Executive Summary

SDX Energy plc engages in the exploration, production, and development of oil and gas with a principal focus on North Africa.

Snowflake

Fundamentals

Excellent balance sheet with high growth potential.


Similar Companies

Share Price & News

How has SDX Energy's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-5.1%

SDX

-0.5%

CA Oil and Gas

-0.2%

CA Market


1 Year Return

-66.7%

SDX

-12.6%

CA Oil and Gas

1.5%

CA Market


Shareholder returns

SDXIndustryMarket
7 Day-5.1%-0.5%-0.2%
30 Day-28.8%-6.1%-3.5%
90 Day-31.5%-4.5%-1.8%
1 Year-66.7%-66.7%-8.7%-12.6%5.1%1.5%
3 Year-14.0%-14.0%-17.1%-25.5%13.3%3.2%
5 Yearn/a-21.5%-33.4%25.2%7.2%

Price Volatility Vs. Market

How volatile is SDX Energy's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is SDX Energy 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: SDX (CA$0.37) is trading below our estimate of fair value (CA$1)

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: SDX is good value based on its PB Ratio (0.5x) compared to the CA Oil and Gas industry average (0.6x).


Next Steps

Future Growth

How is SDX Energy forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

48.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SDX is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: SDX is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: SDX is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: SDX's revenue (18.4% per year) is forecast to grow faster than the Canadian market (5.7% per year).

High Growth Revenue: SDX's revenue (18.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Information is not available.


Next Steps

Past Performance

How has SDX Energy performed over the past 5 years?

8.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: SDX is unprofitable, but has reduced losses over the past 5 years at a rate of 8.6% per year.

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

Earnings vs Industry: SDX is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (62.2%).


Return on Equity

High ROE: SDX has a negative Return on Equity (-0.074%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: SDX is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: SDX is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is SDX Energy's financial position?


Financial Position Analysis

Short Term Liabilities: SDX's short term assets ($36.7M) exceeds its short term liabilities ($15.3M)

Long Term Liabilities: SDX's short term assets (36.7M) exceeds its long term liabilities (5.8M)


Debt to Equity History and Analysis

Debt Level: SDX's debt to equity ratio (1.7%) is considered satisfactory

Reducing Debt: SDX's debt to equity ratio has reduced from 7.1% to 1.7% over the past 5 years.

Debt Coverage: SDX's debt is well covered by operating cash flow (1632%).

Interest Coverage: SDX is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet

Information is not available.

Information is not available.


Next Steps

Dividend

What is SDX Energy's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%6.0%industryaverage4.9%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

High Dividend: Unable to evaluate SDX's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if SDX's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SDX'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 SDX's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

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

3.1yrs

Average board tenure


CEO

Paul Welch (55yo)

3.6yrs

Tenure

US$1,777,150

Compensation

Mr. Paul Michael Welch has been the Chief Executive Officer, President of SDX Energy Inc. since April 12, 2013. Mr. Welch served as the Chief Operating Officer of SDX Energy Inc. Mr. Welch is an internatio ...


CEO Compensation Analysis

Information is not available.

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


Board Age and Tenure

3.1yrs

Average Tenure

55yo

Average Age

Experienced Board: SDX's board of directors are considered experienced (3.1 years average tenure).


Insider Trading

Insider Buying: SDX insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$8,30410 Oct 19
Timothy James Linacre
EntityIndividual
Role
Member of the Board of Directors
Independent Non-Executive Director
Shares25,000
Max PriceUS$0.33
BuyUS$13,88203 Sep 19
Timothy James Linacre
EntityIndividual
Role
Member of the Board of Directors
Independent Non-Executive Director
Shares45,000
Max PriceUS$0.31
BuyUS$41,27822 May 19
Michael Doyle
EntityIndividual
Role
Chairman of the Board
Non-Executive Chairman
Shares100,000
Max PriceUS$0.41
BuyUS$39,97522 May 19
David John Mitchell
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares97,500
Max PriceUS$0.41

Ownership Breakdown


Management Team

  • Mark Reid (50yo)

    CFO & Director

    • Tenure: 2.7yrs
    • Compensation: US$1.28m
  • Paul Welch (55yo)

    President

    • Tenure: 3.6yrs
    • Compensation: US$1.78m
  • Lonny Baumgardner

    Country Manager of Morocco

    • Tenure: 0yrs
    • Compensation: US$815.98k
  • Ahmed Rahuma

    Vice President of Engineering

    • Tenure: 0yrs
    • Compensation: US$474.64k

Board Members

  • Tim Linacre (60yo)

    Independent Non-Executive Director

    • Tenure: 0.9yrs
    • Compensation: US$30.28k
  • Michael Doyle (71yo)

    Non-Executive Chairman

    • Tenure: 3.6yrs
    • Compensation: US$95.17k
  • Mark Reid (50yo)

    CFO & Director

    • Tenure: 2.7yrs
    • Compensation: US$1.28m
  • Paul Welch (55yo)

    President

    • Tenure: 3.6yrs
    • Compensation: US$1.78m
  • David John Mitchell

    Non-Executive Director

    • Tenure: 3.6yrs
    • Compensation: US$60.57k
  • Michael Raynes (48yo)

    Non-Executive Director

    • Tenure: 2.7yrs
    • Compensation: US$60.57k

Company Information

SDX Energy plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: SDX Energy plc
  • Ticker: SDX
  • Exchange: TSXV
  • Founded:
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: CA$75.748m
  • Shares outstanding: 204.72m
  • Website: https://www.sdxenergy.com

Number of Employees


Location

  • SDX Energy plc
  • 38 Welbeck Street
  • London
  • Greater London
  • W1G 8DP
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SDXTSXV (TSX Venture Exchange)YesCommon SharesCACADApr 2010
76S1DB (Deutsche Boerse AG)YesCommon SharesDEEURApr 2010
SDRY.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDApr 2010
SDXAIM (London Stock Exchange AIM Market)YesCommon SharesGBGBPApr 2010

Biography

SDX Energy Inc. engages in the exploration, development, and production of oil and natural gas primarily in the Arab Republic of Egypt and the Kingdom of Morocco. The company holds 50% working interests in ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/05/29 00:10
End of Day Share Price2019/05/24 00:00
Earnings2019/03/31
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.