TSXV:TAO

Stock Analysis Report

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Executive Summary

TAG Oil Ltd., together with its subsidiaries, engages in the exploration, development, and production of oil and gas in Canada, New Zealand, and Australia. More Details


Snowflake Analysis

Flawless balance sheet and fair value.

Share Price & News

How has TAG Oil's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

TAO

-0.2%

CA Oil and Gas

-0.4%

CA Market


1 Year Return

-47.4%

TAO

-33.4%

CA Oil and Gas

-3.9%

CA Market

Return vs Industry: TAO underperformed the Canadian Oil and Gas industry which returned -34.5% over the past year.

Return vs Market: TAO underperformed the Canadian Market which returned -4.3% over the past year.


Shareholder returns

TAOIndustryMarket
7 Day0%-0.2%-0.4%
30 Day-2.4%-1.4%3.1%
90 Day81.8%-11.0%2.4%
1 Year128.1%-47.4%-29.7%-33.4%-0.4%-3.9%
3 Year92.6%-55.6%-35.9%-43.8%6.7%-3.8%
5 Year27.5%-70.6%-29.3%-41.7%35.5%14.7%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is TAG Oil undervalued compared to its fair value and its price relative to the market?

2.4x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate TAO's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate TAO's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: TAO is good value based on its PE Ratio (2.4x) compared to the CA Oil and Gas industry average (15.3x).

PE vs Market: TAO is good value based on its PE Ratio (2.4x) compared to the Canadian market (16.4x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: TAO is good value based on its PB Ratio (0.6x) compared to the CA Oil and Gas industry average (0.8x).


Next Steps

Future Growth

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

42.1%

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 TAG Oil 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

Past Performance

How has TAG Oil performed over the past 5 years?

35.3%

Historical annual earnings growth


Earnings and Revenue History

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

Growing Profit Margin: TAO became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: TAO has become profitable over the past 5 years, growing earnings by 35.3% per year.

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

Earnings vs Industry: TAO has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-50.9%).


Return on Equity

High ROE: TAO's Return on Equity (24.5%) is considered high.


Next Steps

Financial Health

How is TAG Oil's financial position?


Financial Position Analysis

Short Term Liabilities: TAO's short term assets (CA$18.1M) exceed its short term liabilities (CA$665.6K).

Long Term Liabilities: TAO's short term assets (CA$18.1M) exceed its long term liabilities (CA$150.9K).


Debt to Equity History and Analysis

Debt Level: TAO is debt free.

Reducing Debt: TAO had no debt 5 years ago.

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

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


Balance Sheet


Next Steps

Dividend

What is TAG Oil current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

4.9yrs

Average management tenure


CEO

Toby Pierce (47 yo)

5.33yrs

Tenure

CA$240,000

Compensation

Mr. Toby Robert Pierce, B.Sc., MBA, has been Director of DelphX Capital Markets Inc since October 2016. Mr. Pierce serves as an Independent Director at Prospect Park Capital Corp. since January 22, 2020. M ...


CEO Compensation Analysis

Compensation vs Market: Toby's total compensation ($USD182.81K) is about average for companies of similar size in the Canadian market ($USD171.76K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Toby Pierce
CEO & Director5.33yrsCA$240.00k0.45%
CA$ 82.1k
Barry A. MacNeil
Chief Financial Officer4.5yrsCA$180.00k0.84%
CA$ 154.8k
Abdel Fattah Badwi
Executive Chairman0.083yrno data2.39%
CA$ 437.5k
Suneel Gupta
VP & COO0.083yrno data1.7%
CA$ 312.5k
Giuseppe Perone
Corporate Secretary & General Counsel10.83yrsCA$205.06k0.022%
CA$ 4.0k
Chris Beltgens
Vice President of Corporate Developmentno datano datano data
David McCall
Engineering & Development Manager13.75yrsCA$161.56kno data

4.9yrs

Average Tenure

47yo

Average Age

Experienced Management: TAO's management team is considered experienced (4.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Toby Pierce
CEO & Director5.33yrsCA$240.00k0.45%
CA$ 82.1k
Abdel Fattah Badwi
Executive Chairman0.083yrno data2.39%
CA$ 437.5k
Keith Hill
Independent Director9.25yrsno datano data
Shawn Reynolds
Independent Non-Executive Director0.083yrno data2.39%
CA$ 437.5k
Gavin Hugh Wilson
Independent Director1.08yrsno datano data
Thomas Hickey
Independent Non-Executive Director0.083yrno datano data

0.6yrs

Average Tenure

57yo

Average Age

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


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 7.5%.


Top Shareholders

Company Information

TAG Oil Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: TAG Oil Ltd.
  • Ticker: TAO
  • Exchange: TSXV
  • Founded: 1990
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: CA$18.333m
  • Shares outstanding: 91.67m
  • Website: https://www.tagoil.com

Number of Employees


Location

  • TAG Oil Ltd.
  • 885 West Georgia Street
  • Suite 2040
  • Vancouver
  • British Columbia
  • V6C 3E8
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TAOI.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDMar 1992
TAOTSXV (TSX Venture Exchange)YesCommon SharesCACADMar 1992
T0PDB (Deutsche Boerse AG)YesCommon SharesDEEURMar 1992

Biography

TAG Oil Ltd., together with its subsidiaries, engages in the exploration, development, and production of oil and gas in Canada, New Zealand, and Australia. The company operates exploration and production p ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/24 00:18
End of Day Share Price2020/10/23 00:00
Earnings2020/06/30
Annual Earnings2020/03/31


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.