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SNM

ShaMaran Petroleum TSXV:SNM Stock Report

Last Price

CA$0.07

Market Cap

CA$196.0m

7D

-6.7%

1Y

16.7%

Updated

16 Aug, 2022

Data

Company Financials +
SNM fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance5/6
Financial Health2/6
Dividends0/6

SNM Stock Overview

ShaMaran Petroleum Corp., together with its subsidiaries, engages in the exploration and development of oil and gas.

ShaMaran Petroleum Competitors

Price History & Performance

Summary of all time highs, changes and price drops for ShaMaran Petroleum
Historical stock prices
Current Share PriceCA$0.07
52 Week HighCA$0.12
52 Week LowCA$0.05
Beta1.17
1 Month Change0%
3 Month Change-26.32%
1 Year Change16.67%
3 Year Change-6.67%
5 Year Change-33.33%
Change since IPO-95.63%

Recent News & Updates

Shareholder Returns

SNMCA Oil and GasCA Market
7D-6.7%2.9%2.5%
1Y16.7%48.2%1.0%

Return vs Industry: SNM underperformed the Canadian Oil and Gas industry which returned 48.2% over the past year.

Return vs Market: SNM exceeded the Canadian Market which returned 1% over the past year.

Price Volatility

Is SNM's price volatile compared to industry and market?
SNM volatility
SNM Average Weekly Movement13.6%
Oil and Gas Industry Average Movement11.1%
Market Average Movement10.6%
10% most volatile stocks in CA Market18.9%
10% least volatile stocks in CA Market4.3%

Stable Share Price: SNM is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 14% a week.

Volatility Over Time: SNM's weekly volatility (14%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19919Adel Chaouchhttps://shamaranpetroleum.com

ShaMaran Petroleum Corp., together with its subsidiaries, engages in the exploration and development of oil and gas. The company holds a 27.6% interest in the Atrush Block production sharing contract, which covers an area of 269 square kilometers located in the Kurdistan region of Iraq. It also provides technical and administration services.

ShaMaran Petroleum Fundamentals Summary

How do ShaMaran Petroleum's earnings and revenue compare to its market cap?
SNM fundamental statistics
Market CapCA$196.02m
Earnings (TTM)CA$51.93m
Revenue (TTM)CA$180.50m

3.8x

P/E Ratio

1.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SNM income statement (TTM)
RevenueUS$140.19m
Cost of RevenueUS$27.40m
Gross ProfitUS$112.79m
Other ExpensesUS$72.46m
EarningsUS$40.33m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Nov 09, 2022

Earnings per share (EPS)0.014
Gross Margin80.46%
Net Profit Margin28.77%
Debt/Equity Ratio362.5%

How did SNM perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is SNM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SNM?

Other financial metrics that can be useful for relative valuation.

SNM key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.4x
Enterprise Value/EBITDA3.3x
PEG Ratio-0.6x

Price to Earnings Ratio vs Peers

How does SNM's PE Ratio compare to its peers?

SNM PE Ratio vs Peers
The above table shows the PE ratio for SNM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average6.7x
PRQ Petrus Resources
1.4xn/aCA$214.8m
HME Hemisphere Energy
18.7xn/aCA$163.8m
ORC.B Orca Energy Group
3.9xn/aCA$204.7m
IPO InPlay Oil
2.6x-10.6%CA$291.9m
SNM ShaMaran Petroleum
3.8x-6.7%CA$196.0m

Price-To-Earnings vs Peers: SNM is good value based on its Price-To-Earnings Ratio (3.8x) compared to the peer average (6.7x).


Price to Earnings Ratio vs Industry

How does SNM's PE Ratio compare vs other companies in the CA Oil and Gas Industry?

Price-To-Earnings vs Industry: SNM is good value based on its Price-To-Earnings Ratio (3.8x) compared to the Canadian Oil and Gas industry average (5.6x)


Price to Earnings Ratio vs Fair Ratio

What is SNM's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SNM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio3.8x
Fair PE Ratio9.1x

Price-To-Earnings vs Fair Ratio: SNM is good value based on its Price-To-Earnings Ratio (3.8x) compared to the estimated Fair Price-To-Earnings Ratio (9.1x).


Share Price vs Fair Value

What is the Fair Price of SNM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SNM (CA$0.07) is trading below our estimate of fair value (CA$2.01)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is ShaMaran Petroleum forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-6.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SNM's earnings are forecast to decline over the next 3 years (-6.7% per year).

Earnings vs Market: SNM's earnings are forecast to decline over the next 3 years (-6.7% per year).

High Growth Earnings: SNM's earnings are forecast to decline over the next 3 years.

Revenue vs Market: SNM's revenue is expected to decline over the next 3 years (-2.8% per year).

High Growth Revenue: SNM's revenue is forecast to decline over the next 3 years (-2.8% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SNM's Return on Equity is forecast to be low in 3 years time (15.4%).


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Past Performance

How has ShaMaran Petroleum performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-5.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SNM has high quality earnings.

Growing Profit Margin: SNM's current net profit margins (28.8%) are higher than last year (6.3%).


Past Earnings Growth Analysis

Earnings Trend: SNM has become profitable over the past 5 years, growing earnings by -5.2% per year.

Accelerating Growth: SNM's earnings growth over the past year (754.4%) exceeds its 5-year average (-5.2% per year).

Earnings vs Industry: SNM earnings growth over the past year (754.4%) exceeded the Oil and Gas industry 158.3%.


Return on Equity

High ROE: Whilst SNM's Return on Equity (48%) is outstanding, this metric is skewed due to their high level of debt.


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Financial Health

How is ShaMaran Petroleum's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: SNM's short term assets ($297.7M) do not cover its short term liabilities ($304.5M).

Long Term Liabilities: SNM's short term assets ($297.7M) exceed its long term liabilities ($44.5M).


Debt to Equity History and Analysis

Debt Level: SNM's net debt to equity ratio (218.7%) is considered high.

Reducing Debt: SNM's debt to equity ratio has increased from 110% to 362.5% over the past 5 years.

Debt Coverage: SNM's debt is well covered by operating cash flow (32.9%).

Interest Coverage: SNM's interest payments on its debt are not well covered by EBIT (2.2x coverage).


Balance Sheet


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

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

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

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


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as SNM has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

3.4yrs

Average board tenure


CEO

Adel Chaouch

3.25yrs

Tenure

US$1,190,363

Compensation

Dr. Adel Chaouch, Ph D., P.E. is an Independent Non-executive Director at Ophir Energy Plc since January 15, 2019. He has been the President, Chief Executive Officer and Director at ShaMaran Petroleum Corp...


CEO Compensation Analysis

Compensation vs Market: Adel's total compensation ($USD1.19M) is above average for companies of similar size in the Canadian market ($USD740.20K).

Compensation vs Earnings: Adel's compensation has increased by more than 20% in the past year.


Board Members

Experienced Board: SNM's board of directors are considered experienced (3.4 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 27.1%.


Top Shareholders

Company Information

ShaMaran Petroleum Corp.'s employee growth, exchange listings and data sources


Key Information

  • Name: ShaMaran Petroleum Corp.
  • Ticker: SNM
  • Exchange: TSXV
  • Founded: 1991
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Implied Market Cap: CA$196.023m
  • Shares outstanding: 2.80b
  • Website: https://shamaranpetroleum.com

Number of Employees


Location

  • ShaMaran Petroleum Corp.
  • 885 West Georgia Street
  • Suite 2000
  • Vancouver
  • British Columbia
  • V6C 3E8
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/16 00:00
End of Day Share Price2022/08/16 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.