company background image
TPL

Tethys Petroleum TSXV:TPL Stock Report

Last Price

CA$0.78

Market Cap

CA$83.7m

7D

-2.5%

1Y

30.0%

Updated

12 Aug, 2022

Data

Company Financials
TPL fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance3/6
Financial Health5/6
Dividends0/6

TPL Stock Overview

Tethys Petroleum Limited acquires, explores for, and develops crude oil and natural gas fields in Kazakhstan.

Tethys Petroleum Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Tethys Petroleum
Historical stock prices
Current Share PriceCA$0.78
52 Week HighCA$1.25
52 Week LowCA$0.41
Beta0.58
1 Month Change-1.27%
3 Month Change-7.14%
1 Year Change30.00%
3 Year Change56.00%
5 Year Change212.00%
Change since IPO-97.16%

Recent News & Updates

Aug 04
Is Tethys Petroleum (CVE:TPL) Using Too Much Debt?

Is Tethys Petroleum (CVE:TPL) Using Too Much Debt?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Apr 29
Tethys Petroleum (CVE:TPL) Might Have The Makings Of A Multi-Bagger

Tethys Petroleum (CVE:TPL) Might Have The Makings Of A Multi-Bagger

What trends should we look for it we want to identify stocks that can multiply in value over the long term? In a...

Shareholder Returns

TPLCA Oil and GasCA Market
7D-2.5%5.3%2.5%
1Y30.0%47.1%-0.2%

Return vs Industry: TPL underperformed the Canadian Oil and Gas industry which returned 47.1% over the past year.

Return vs Market: TPL exceeded the Canadian Market which returned -0.2% over the past year.

Price Volatility

Is TPL's price volatile compared to industry and market?
TPL volatility
TPL Average Weekly Movement13.9%
Oil and Gas Industry Average Movement11.2%
Market Average Movement10.8%
10% most volatile stocks in CA Market19.3%
10% least volatile stocks in CA Market4.3%

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

Volatility Over Time: TPL's weekly volatility has decreased from 19% to 14% over the past year.

About the Company

FoundedEmployeesCEOWebsite
2003n/aBill Wellshttps://www.tethys-group.com

Tethys Petroleum Limited acquires, explores for, and develops crude oil and natural gas fields in Kazakhstan. It holds 100% working interest in the Kyzyloi production contract covering 449 square kilometers; Akkulka exploration licence and contract covering 827 square kilometers; Akkulka production contract covering 396 square kilometers; and Kul-Bas exploration and production contract covering 7,632 square kilometers located in Kazakhstan. The company was formerly known as Tethys Petroleum Investments Limited and changed its name to Tethys Petroleum Limited in September 2006.

Tethys Petroleum Fundamentals Summary

How do Tethys Petroleum's earnings and revenue compare to its market cap?
TPL fundamental statistics
Market CapUS$65.43m
Earnings (TTM)US$3.49m
Revenue (TTM)US$27.43m

18.8x

P/E Ratio

2.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TPL income statement (TTM)
RevenueUS$27.43m
Cost of RevenueUS$4.07m
Gross ProfitUS$23.36m
Other ExpensesUS$19.87m
EarningsUS$3.49m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.033
Gross Margin85.16%
Net Profit Margin12.72%
Debt/Equity Ratio23.2%

How did TPL perform over the long term?

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

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • 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 TPL?

Other financial metrics that can be useful for relative valuation.

TPL 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/Revenue2.2x
Enterprise Value/EBITDA3.1x
PEG Ration/a

Price to Earnings Ratio vs Peers

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

TPL PE Ratio vs Peers
The above table shows the PE ratio for TPL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average6.2x
FORZ Forza Petroleum
2.2xn/aCA$108.2m
TCF Trillion Energy International
17.8xn/aCA$122.6m
PMT Perpetual Energy
0.9xn/aCA$63.6m
POE Pan Orient Energy
3.9xn/aCA$59.8m
TPL Tethys Petroleum
18.8xn/aCA$83.7m

Price-To-Earnings vs Peers: TPL is expensive based on its Price-To-Earnings Ratio (18.8x) compared to the peer average (6.2x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: TPL is expensive based on its Price-To-Earnings Ratio (18.8x) compared to the Canadian Oil and Gas industry average (5.4x)


Price to Earnings Ratio vs Fair Ratio

What is TPL'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.

TPL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.8x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate TPL's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

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

Below Fair Value: TPL (CA$0.78) is trading below our estimate of fair value (CA$8.05)

Significantly Below Fair Value: TPL 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.


Discover undervalued companies

Future Growth

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

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


1.2%

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 Tethys Petroleum 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.


Discover growth companies

  • Examine Tethys Petroleum's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • Tethys Petroleum competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Tethys Petroleum performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


22.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: TPL has high quality earnings.

Growing Profit Margin: TPL became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: TPL has become profitable over the past 5 years, growing earnings by 22.8% per year.

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

Earnings vs Industry: TPL has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (173.6%).


Return on Equity

High ROE: TPL's Return on Equity (11.8%) is considered low.


Discover strong past performing companies

Financial Health

How is Tethys Petroleum's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: TPL's short term assets ($16.8M) do not cover its short term liabilities ($32.4M).

Long Term Liabilities: TPL's short term assets ($16.8M) exceed its long term liabilities ($15.3M).


Debt to Equity History and Analysis

Debt Level: TPL has more cash than its total debt.

Reducing Debt: TPL's debt to equity ratio has reduced from 37.7% to 23.2% over the past 5 years.

Debt Coverage: TPL's debt is well covered by operating cash flow (447.8%).

Interest Coverage: TPL's interest payments on its debt are well covered by EBIT (12.7x coverage).


Balance Sheet


Discover healthy companies

Dividend

What is Tethys 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 TPL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

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

Growing Dividend: Insufficient data to determine if TPL'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 TPL has not reported any payouts.


Discover strong dividend paying companies

Management

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

6.8yrs

Average board tenure


CEO

Bill Wells (62 yo)

2.42yrs

Tenure

US$165,142

Compensation

Mr. William Paul Wells, also known as Bill, has been the Chief Executive Officer of Tethys Petroleum Limited since March 17, 2020. Mr. Wells has been Chairman of Tethys Petroleum Limited since November 3,...


CEO Compensation Analysis

Compensation vs Market: Insufficient data to establish whether Bill's total compensation is reasonable compared to companies of similar size in the Canadian market.

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


Board Members

Experienced Board: TPL's board of directors are considered experienced (6.8 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Tethys Petroleum Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Tethys Petroleum Limited
  • Ticker: TPL
  • Exchange: TSXV
  • Founded: 2003
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Implied Market Cap: CA$83.725m
  • Shares outstanding: 107.34m
  • Website: https://www.tethys-group.com

Number of Employees


Location

  • Tethys Petroleum Limited
  • One Nexus Way
  • Camana Bay
  • Grand Cayman
  • Grand Cayman
  • KY1-9005
  • Cayman Islands

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/12 00:00
End of Day Share Price2022/08/10 00:00
Earnings2022/03/31
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.