TSXV:SNM

Stock Analysis Report

ShaMaran Petroleum

Executive Summary

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

Snowflake

Fundamentals

Limited growth with worrying balance sheet.

Share Price & News

How has ShaMaran Petroleum's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-7.7%

SNM

-0.5%

CA Oil and Gas

-0.2%

CA Market


1 Year Return

-47.8%

SNM

-12.8%

CA Oil and Gas

1.1%

CA Market

Return vs Industry: SNM underperformed the Canadian Oil and Gas industry which returned -12.8% over the past year.

Return vs Market: SNM underperformed the Canadian Market which returned 1.1% over the past year.


Shareholder returns

SNMIndustryMarket
7 Day-7.7%-0.5%-0.2%
30 Day-25.0%-5.7%-2.9%
90 Day-33.3%-4.0%-1.6%
1 Year-47.8%-47.8%-8.9%-12.8%4.6%1.1%
3 Year-29.4%-29.4%-17.4%-25.7%13.1%3.1%
5 Year-64.7%-64.7%-22.3%-34.1%24.7%6.7%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

0.7x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: SNM (CA$0.06) is trading above our estimate of fair value (CA$0.02)

Significantly Undervalued: SNM is trading above our estimate of fair value.


Price To Earnings Ratio

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

PE vs Market: SNM is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: SNM is overvalued based on its PB Ratio (0.7x) compared to the CA Oil and Gas industry average (0.6x).


Next Steps

Future Growth

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

88.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: SNM's revenue (31.6% per year) is forecast to grow faster than the Canadian market (5.7% per year).

High Growth Revenue: SNM's revenue (31.6% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if SNM's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has ShaMaran Petroleum performed over the past 5 years?

23.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: SNM is unprofitable, but has reduced losses over the past 5 years at a rate of 23.2% per year.

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

Earnings vs Industry: SNM 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: SNM has a negative Return on Equity (-17.71%), as it is currently unprofitable.


Return on Assets

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


Return on Capital Employed

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


Next Steps

Financial Health

How is ShaMaran Petroleum's financial position?


Financial Position Analysis

Short Term Liabilities: SNM's short term assets ($66.2M) exceeds its short term liabilities ($17.5M)

Long Term Liabilities: SNM's short term assets (66.2M) do not cover its long term liabilities (205.7M)


Debt to Equity History and Analysis

Debt Level: SNM's debt to equity ratio (133.6%) is considered high

Reducing Debt: SNM's debt to equity ratio has increased from 45.3% to 133.6% over the past 5 years.

Debt Coverage: SNM's debt is not well covered by operating cash flow (11.5%).

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


Balance Sheet

Inventory Level: SNM has a high level of physical assets or inventory.

Debt Coverage by Assets: SNM's debt is not covered by short term assets (assets are 0.3x debt).


Next Steps

Dividend

What is ShaMaran Petroleum'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 SNM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate SNM'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 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.


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 SNM's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

  • Explore strong dividend paying companies in the Energy industry.

Management

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

9.8yrs

Average management tenure


CEO

Adel Chaouch 0

0.4yrs

Tenure

0

Dr. Adel Chaouch is an Independent Non-executive Director at Ophir Energy Plc since January 15, 2019. He serves as President, Chief Executive Officer and Director at ShaMaran Petroleum Corp. since May 15,  ...


Management Age and Tenure

9.8yrs

Average Tenure

Experienced Management: SNM's management team is seasoned and experienced (9.8 years average tenure).


Board Age and Tenure

0.6yrs

Average Tenure

60yo

Average Age

Experienced Board: SNM's board of directors are not considered experienced ( 0.6 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$9,43915 May 19
Michael Ebsary
EntityIndividual
Role
Member of the Board of Directors
Director
Shares118,000
Max PriceUS$0.08

Ownership Breakdown


Management Team

  • Sophia Shane (57yo)

    Head of Investor Relations

    • Tenure: 0yrs
  • Kevin Hisko (61yo)

    Corporate Secretary

    • Tenure: 12.7yrs
  • Brenden Johnstone

    CFO & Corporate Secretary

    • Tenure: 9.8yrs
    • Compensation: US$436.75k
  • Adel Chaouch

    President

    • Tenure: 0.4yrs
  • Kathy Love

    Assistant Corporate Secretary

    • Tenure: 0yrs

Board Members

  • Mike Ebsary (57yo)

    Director

    • Tenure: 0.8yrs
  • Keith Hill (60yo)

    Director

    • Tenure: 12.7yrs
    • Compensation: US$42.85k
  • Chris Bruijnzeels (60yo)

    Chairman of the Board of Directors

    • Tenure: 0.4yrs
    • Compensation: US$1.03m
  • Terry Allen

    Director

    • Tenure: 1.3yrs
    • Compensation: US$30.29k
  • Adel Chaouch

    President

    • Tenure: 0.4yrs
  • William Lundin

    Director

    • Tenure: 0.3yrs

Company Information

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


Key Information

  • Name: ShaMaran Petroleum Corp
  • Ticker: SNM
  • Exchange: TSXV
  • Founded:
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: CA$129.638m
  • Shares outstanding: 2.16b
  • Website: https://www.shamaranpetroleum.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SNMTSXV (TSX Venture Exchange)YesCommon SharesCACADFeb 1993
3B8DB (Deutsche Boerse AG)YesCommon SharesDEEURFeb 1993
SNMOM (OMX Nordic Exchange Stockholm)YesCommon SharesSESEKFeb 1993
SHAS.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDFeb 1993

Biography

ShaMaran Petroleum Corp., together with its subsidiaries, engages in the exploration and development of oil and gas properties in the Kurdistan Region of Iraq. The company holds a 27.6% direct interest in  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/18 23:55
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
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.