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Nostrum Oil & Gas

BST:3NO
Snowflake Description

High growth potential and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
3NO
BST
£432M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Nostrum Oil & Gas PLC, an independent oil and gas company, engages in the exploration, development, and production of oil and gas in the pre-Caspian Basin. The last earnings update was 61 days ago. More info.


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3NO Share Price and Events
Price Volatility
3NO
Industry
5yr Volatility vs Market
Related Companies

3NO Value

 Is Nostrum Oil & Gas undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Nostrum Oil & Gas to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Nostrum Oil & Gas.

BST:3NO Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 15.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BST:3NO
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 9.5%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.63
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.627 (1 + (1- 25%) (200.49%))
1.571
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.57
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.54% + (1.571 * 9.46%)
15.4%

Discounted Cash Flow Calculation for BST:3NO using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Nostrum Oil & Gas is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

BST:3NO DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (USD, Millions) 79.63 111.87 223.00 185.09 155.48
Source Analyst x4 Analyst x3 Analyst x2 Est @ -17%, capped from -22.66% Est @ -16%, capped from -22.66%
Present Value
Discounted (@ 15.4%)
69.00 84.00 145.10 104.36 75.97
Present value of next 5 years cash flows $478.43
BST:3NO DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= $155.48 × (1 + 0.54%) ÷ (15.4% – 0.54%)
$1,052.02
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= $1,052.02 ÷ (1 + 15.4%)5
$514.02
BST:3NO Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= $478.43 + $514.02
$992.45
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $992.45 / 185.23
$5.36
BST:3NO Discount to Share Price
Calculation Result
Exchange Rate USD/GBP
(Reporting currency to currency of LSE:NOG)
0.767
Value per Share
(GBP)
= Value per Share in USD x Exchange Rate (USD/GBP)
= $5.36 x 0.767
£4.11
Non-primary Listing Adjustment Factor 1 share in BST:3NO represents 0.89271x of LSE:NOG
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.89271x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 4.11 x 0.89271
€3.67
Value per share (EUR) From above. €3.67
Current discount Discount to share price of €2.08
= -1 x (€2.08 - €3.67) / €3.67
43.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Nostrum Oil & Gas is available for.
Intrinsic value
43%
Share price is €2.08 vs Future cash flow value of €3.67
Current Discount Checks
For Nostrum Oil & Gas to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Nostrum Oil & Gas's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Nostrum Oil & Gas's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Nostrum Oil & Gas's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Nostrum Oil & Gas's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:3NO PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in USD $-0.21
LSE:NOG Share Price ** LSE (2018-07-24) in GBP £2.33
LSE:NOG Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.303 $3.04
Germany Oil and Gas Industry PE Ratio Median Figure of 5 Publicly-Listed Oil and Gas Companies 16.79x
Germany Market PE Ratio Median Figure of 407 Publicly-Listed Companies 18.16x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Nostrum Oil & Gas.

BST:3NO PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:NOG Share Price ÷ EPS (both in USD)

= 3.04 ÷ -0.21

-14.34x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Nostrum Oil & Gas is loss making, we can't compare its value to the DE Oil and Gas industry average.
  • Nostrum Oil & Gas is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Nostrum Oil & Gas's expected growth come at a high price?
Raw Data
BST:3NO PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -14.34x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
36.4%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 55 Publicly-Listed Oil and Gas Companies 0.73x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

BST:3NO PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= -14.34x ÷ 36.4%

-0.39x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Nostrum Oil & Gas is loss making, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Nostrum Oil & Gas's assets?
Raw Data
BST:3NO PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in USD $3.65
LSE:NOG Share Price * LSE (2018-07-24) in GBP £2.33
LSE:NOG Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.303 $3.04
Germany Oil and Gas Industry PB Ratio Median Figure of 7 Publicly-Listed Oil and Gas Companies 0.92x
Germany Market PB Ratio Median Figure of 547 Publicly-Listed Companies 1.9x
BST:3NO PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:NOG Share Price ÷ Book Value per Share (both in USD)

= 3.04 ÷ 3.65

0.83x

* Primary Listing of Nostrum Oil & Gas.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Nostrum Oil & Gas is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Nostrum Oil & Gas's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Nostrum Oil & Gas has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

3NO Future Performance

 How is Nostrum Oil & Gas expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
36.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Nostrum Oil & Gas expected to grow at an attractive rate?
  • Nostrum Oil & Gas's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Nostrum Oil & Gas's earnings growth is expected to exceed the Germany market average.
  • Nostrum Oil & Gas's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
BST:3NO Future Growth Rates Data Sources
Data Point Source Value (per year)
BST:3NO Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 36.4%
BST:3NO Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 21.4%
Germany Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 16.8%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 10.9%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BST:3NO Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BST:3NO Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 966 110 2
2021-12-31 882 406 115 3
2020-12-31 741 388 120 6
2019-12-31 574 288 90 8
2018-12-31 424 227 15 4
BST:3NO Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-06-30 387 166 -39
2018-03-31 388 171 -34
2017-12-31 406 183 -24
2017-09-30 407 203 -28
2017-06-30 395 240 -14
2017-03-31 386 243 -57
2016-12-31 348 202 -83
2016-09-30 319 166 -141
2016-06-30 338 177 -165
2016-03-31 422 183 -105
2015-12-31 449 153 -94
2015-09-30 536 165 20

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Nostrum Oil & Gas's earnings are expected to grow significantly at over 20% yearly.
  • Nostrum Oil & Gas's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BST:3NO Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from Nostrum Oil & Gas Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:3NO Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 0.58 0.58 0.58 1.00
2021-12-31 0.61 0.61 0.61 1.00
2020-12-31 0.63 0.67 0.60 2.00
2019-12-31 0.59 0.88 0.40 6.00
2018-12-31 0.22 0.22 0.21 2.00
BST:3NO Past Financials Data
Date (Data in USD Millions) EPS *
2018-06-30 -0.21
2018-03-31 -0.18
2017-12-31 -0.13
2017-09-30 -0.15
2017-06-30 -0.07
2017-03-31 -0.31
2016-12-31 -0.45
2016-09-30 -0.76
2016-06-30 -0.89
2016-03-31 -0.57
2015-12-31 -0.51
2015-09-30 0.11

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Nostrum Oil & Gas is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Nostrum Oil & Gas's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Nostrum Oil & Gas has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

3NO Past Performance

  How has Nostrum Oil & Gas performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Nostrum Oil & Gas's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Nostrum Oil & Gas does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Nostrum Oil & Gas's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Nostrum Oil & Gas's 1-year growth to the Europe Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Nostrum Oil & Gas's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Nostrum Oil & Gas Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:3NO Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 387.01 -39.21 80.88
2018-03-31 388.43 -33.99 91.76
2017-12-31 405.53 -23.88 97.65
2017-09-30 406.63 -27.53 106.70
2017-06-30 394.55 -13.78 110.06
2017-03-31 385.93 -56.97 111.14
2016-12-31 347.98 -83.02 110.34
2016-09-30 319.20 -140.90 110.67
2016-06-30 338.31 -165.42 114.28
2016-03-31 422.48 -105.40 127.37
2015-12-31 448.90 -94.37 139.78
2015-09-30 536.38 20.08 144.36
2015-06-30 610.95 69.90 157.59
2015-03-31 655.27 87.24 167.94
2014-12-31 781.88 146.43 173.03
2014-09-30 858.09 166.38 183.98
2014-06-30 897.49 199.58 187.41
2014-03-31 893.44 211.52 179.13
2013-12-31 895.01 219.52 177.28
2013-09-30 871.01 186.54 194.07
2013-06-30 856.16 187.06 176.68
2013-03-31 802.20 179.47 171.03
2012-12-31 737.07 162.01 164.17
2012-09-30 634.49 164.38 129.32
2012-06-30 498.34 132.26 114.17
2012-03-31 411.83 118.94 87.95
2011-12-31 300.84 81.62 72.27

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Nostrum Oil & Gas has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Nostrum Oil & Gas used its assets less efficiently than the DE Oil and Gas industry average last year based on Return on Assets.
  • Nostrum Oil & Gas's use of capital has not improved over the past 3 years (Return on Capital Employed).
X
Past performance checks
We assess Nostrum Oil & Gas's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Nostrum Oil & Gas has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

3NO Health

 How is Nostrum Oil & Gas's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Nostrum Oil & Gas's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Nostrum Oil & Gas is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Nostrum Oil & Gas's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Nostrum Oil & Gas's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Nostrum Oil & Gas Company Filings, last reported 3 months ago.

BST:3NO Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 675.98 1,127.87 127.64
2018-03-31 681.51 1,104.15 132.26
2017-12-31 669.55 1,087.88 126.95
2017-09-30 684.89 1,056.94 144.39
2017-06-30 706.83 961.82 97.52
2017-03-31 706.52 964.10 122.77
2016-12-31 691.81 959.05 101.13
2016-09-30 709.62 961.09 94.31
2016-06-30 718.02 956.15 111.88
2016-03-31 761.39 956.69 137.10
2015-12-31 773.76 951.49 165.56
2015-09-30 850.86 953.39 213.58
2015-06-30 883.84 948.19 238.06
2015-03-31 916.40 950.31 318.34
2014-12-31 917.68 945.11 400.44
2014-09-30 880.19 947.01 515.50
2014-06-30 860.80 941.81 458.22
2014-03-31 891.36 1,045.14 638.64
2013-12-31 832.45 628.42 209.91
2013-09-30 780.83 639.04 190.82
2013-06-30 741.20 625.67 270.38
2013-03-31 761.01 636.60 283.54
2012-12-31 695.10 622.89 247.73
2012-09-30 668.96 459.06 185.99
2012-06-30 676.21 446.24 159.34
2012-03-31 638.01 457.05 141.15
2011-12-31 585.23 447.53 125.39
  • Nostrum Oil & Gas's level of debt (166.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (84.4% vs 166.8% today).
  • Debt is not well covered by operating cash flow (14.7%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.6x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Nostrum Oil & Gas's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Nostrum Oil & Gas has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

3NO Dividends

 What is Nostrum Oil & Gas's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Nostrum Oil & Gas dividends. Estimated to be 2.87% next year.
If you bought €2,000 of Nostrum Oil & Gas shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Nostrum Oil & Gas's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Nostrum Oil & Gas's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BST:3NO Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 60 Stocks 4.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 322 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BST:3NO Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.24 2.00
2021-12-31 0.20 2.00
2020-12-31 0.17 4.00
2019-12-31 0.05 7.00
2018-12-31 0.00 7.00
BST:3NO Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2014-06-23 0.350 3.949

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Nostrum Oil & Gas has not reported any payouts.
  • Unable to verify if Nostrum Oil & Gas's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Nostrum Oil & Gas's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Nostrum Oil & Gas has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.4x coverage).
X
Income/ dividend checks
We assess Nostrum Oil & Gas's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Nostrum Oil & Gas afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Nostrum Oil & Gas has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

3NO Management

 What is the CEO of Nostrum Oil & Gas's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Kai-Uwe Kessel, image provided by Google.
Kai-Uwe Kessel
COMPENSATION $888,451
AGE 57
TENURE AS CEO 13.9 years
CEO Bio

Mr. Kai-Uwe Kessel served as the Managing Director at Probel Capital Management nv since 2005. Mr. Kessel has been the Chief Executive Officer of Nostrum Oil & Gas Plc since November 2004. From 1992 to 2001, he served as a Managing Director at Erdgas Erdol GmbH. He has been Director of Nostrum Oil & Gas Plc. since October 3, 2013. Mr. Kessel served as the Chairman of KazGermunai. From 2002 to 2005, he served as a Director of Gaz de France’s North African E&P division. He has been an Executive Director of Nostrum Oil & Gas Plc since October 03, 2013 and served as its Director since November 16, 2007. He is a graduate of the Gubkin Russian State University of Oil and Gas.

CEO Compensation
  • Kai-Uwe's compensation has been consistent with company performance over the past year.
Management Team Tenure

Average tenure and age of the Nostrum Oil & Gas management team in years:

2.1
Average Tenure
54
Average Age
  • The tenure for the Nostrum Oil & Gas management team is about average.
Management Team

Kai-Uwe Kessel

TITLE
CEO & Executive Director
COMPENSATION
$888K
AGE
57
TENURE
13.9 yrs

Tom Richardson

TITLE
Group CFO & Director
COMPENSATION
$554K
AGE
37
TENURE
2.1 yrs

Heinz Wendel

TITLE
Chief Operating Officer
AGE
65
TENURE
2.1 yrs

Bruno Meere

TITLE
Investor Relation Officer

Thomas Hartnett

TITLE
Chief Legal Officer & Company Secretary
AGE
54
TENURE
1.6 yrs

Sergey Khafizov

TITLE
Chief Business Development Officer
AGE
53
TENURE
2.8 yrs

Arkadi Epifanov

TITLE
Chief Commercial Officer
AGE
61
TENURE
1.8 yrs

Jan-Ru Muller

TITLE
Director Treasury & ICT
COMPENSATION
$544K
AGE
54
TENURE
2.1 yrs
Board of Directors Tenure

Average tenure and age of the Nostrum Oil & Gas board of directors in years:

1.7
Average Tenure
51
Average Age
  • The average tenure for the Nostrum Oil & Gas board of directors is less than 3 years, this suggests a new board.
Board of Directors

Atul Gupta

TITLE
Chairman
COMPENSATION
$206K
AGE
59
TENURE
1.5 yrs

Kai-Uwe Kessel

TITLE
CEO & Executive Director
COMPENSATION
$888K
AGE
57
TENURE
10.9 yrs

Tom Richardson

TITLE
Group CFO & Director
COMPENSATION
$554K
AGE
37
TENURE
2.1 yrs

Mark Martin

TITLE
Senior Independent Non-Executive Director
COMPENSATION
$130K
AGE
49
TENURE
1.8 yrs

Christopher Codrington

TITLE
Independent Non-Executive Director
COMPENSATION
$117K
AGE
58
TENURE
4.4 yrs

Kaat Van Hecke

TITLE
Independent Non-Executive Director
COMPENSATION
$100K
AGE
47
TENURE
1.8 yrs

Mike Calvey

TITLE
Non-Executive Director
COMPENSATION
$68K
AGE
51
TENURE
1.5 yrs

Simon Byrne

TITLE
Non-Executive Director
COMPENSATION
$12K
AGE
51
TENURE
0.9 yrs

Martin Cocker

TITLE
Independent Non-Executive Director
COMPENSATION
$12K
AGE
59
TENURE
0.9 yrs

Pankaj Jain

TITLE
Non Executive Director
COMPENSATION
$87K
AGE
51
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Nostrum Oil & Gas insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Start End Shares Value (USD)
18. Sep 18 Buy Michael Calvey Individual 13. Sep 18 14. Sep 18 1,538,000 $4,984,262.40
20. Jul 18 Buy Simon Byrne Individual 19. Jul 18 19. Jul 18 20,000 $47,351.34
X
Management checks
We assess Nostrum Oil & Gas's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Nostrum Oil & Gas has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

3NO News

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3NO Company Info

Map
Description

Nostrum Oil & Gas PLC, an independent oil and gas company, engages in the exploration, development, and production of oil and gas in the pre-Caspian Basin. The company discovers and develops oil and gas reserves, as well as produces and sells crude oil, stabilized condensate, liquefied petroleum gas, and dry gas. Its principal producing asset is the Chinarevskoye field located in north-west Kazakhstan. As of January 1, 2018, the company had a proved and probable reserve of 488mmboe. The company was founded in 1997 and is headquartered in Amsterdam, the Netherlands.

Details
Name: Nostrum Oil & Gas PLC
3NO
Exchange: BST
Founded: 1997
£489,751,256
185,234,079
Website: http://www.nostrumoilandgas.com
Address: Nostrum Oil & Gas PLC
Gustav Mahlerplein 23 B,
Amsterdam,
Noord-Holland, 1082 MS,
Netherlands
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE NOG Ordinary Shares London Stock Exchange GB GBP 20. Jun 2014
DB 3NO Ordinary Shares Deutsche Boerse AG DE EUR 20. Jun 2014
BST 3NO Ordinary Shares Boerse-Stuttgart DE EUR 20. Jun 2014
KAS GB_NTRM Ordinary Shares Kazakhstan Stock Exchange KZ KZT 20. Jun 2014
OTCPK NSTR.Y ADR Pink Sheets LLC US USD 01. Apr 2016
Number of employees
Current staff
Staff numbers
953
Nostrum Oil & Gas employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/10/21 18:37
End of day share price update: 2018/07/24 00:00
Last estimates confirmation: 2018/10/18
Last earnings filing: 2018/08/21
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.