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1PZ

Panoro Energy DB:1PZ Stock Report

Last Price

kr2.78

Market Cap

kr322.3m

7D

3.6%

1Y

21.6%

Updated

30 Jun, 2022

Data

Company Financials +
1PZ fundamental analysis
Snowflake Score
Valuation6/6
Future Growth5/6
Past Performance2/6
Financial Health3/6
Dividends0/6

1PZ Stock Overview

Panoro Energy ASA, an independent exploration and production company, engages in the exploration, development, and production of oil and gas in Africa.

Panoro Energy Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Panoro Energy
Historical stock prices
Current Share Pricekr2.78
52 Week Highkr3.58
52 Week Lowkr1.78
Beta2.63
1 Month Change-11.53%
3 Month Change-17.76%
1 Year Change21.58%
3 Year Change61.14%
5 Year Change465.78%
Change since IPO-65.28%

Recent News & Updates

Shareholder Returns

1PZDE Oil and GasDE Market
7D3.6%12.1%-1.1%
1Y21.6%0.2%-23.8%

Return vs Industry: 1PZ exceeded the German Oil and Gas industry which returned 6.8% over the past year.

Return vs Market: 1PZ exceeded the German Market which returned -22.2% over the past year.

Price Volatility

Is 1PZ's price volatile compared to industry and market?
1PZ volatility
1PZ Average Weekly Movement7.2%
Oil and Gas Industry Average Movement9.6%
Market Average Movement5.6%
10% most volatile stocks in DE Market10.2%
10% least volatile stocks in DE Market2.8%

Stable Share Price: 1PZ is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: 1PZ's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
200929John Hamiltonhttps://www.panoroenergy.com

Panoro Energy ASA, an independent exploration and production company, engages in the exploration, development, and production of oil and gas in Africa. The company holds assets in the Equatorial Guinea, Gabon, Tunisia, South Africa, and Nigeria. As of December 31, 2021, its 1P reserves included 71.5 million barrels of oil (MMbbls), 2P reserves comprised 99.7 MMbbls, and 3P reserves consisted of 131.3 MMbbls in the Tortue, Ruche, Ruche Northeast, and Hibiscus fields.

Panoro Energy Fundamentals Summary

How do Panoro Energy's earnings and revenue compare to its market cap?
1PZ fundamental statistics
Market CapUS$336.95m
Earnings (TTM)US$34.54m
Revenue (TTM)US$118.01m

9.8x

P/E Ratio

2.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
1PZ income statement (TTM)
RevenueUS$118.01m
Cost of RevenueUS$34.22m
Gross ProfitUS$83.79m
Other ExpensesUS$49.25m
EarningsUS$34.54m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 24, 2022

Earnings per share (EPS)0.30
Gross Margin71.00%
Net Profit Margin29.26%
Debt/Equity Ratio47.7%

How did 1PZ perform over the long term?

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

Valuation

Is 1PZ undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1PZ?

Other financial metrics that can be useful for relative valuation.

1PZ 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/Revenue3.3x
Enterprise Value/EBITDA6.5x
PEG Ratio0.3x

Price to Earnings Ratio vs Peers

How does 1PZ's PE Ratio compare to its peers?

1PZ PE Ratio vs Peers
The above table shows the PE ratio for 1PZ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average18x
DR0 Deutsche Rohstoff
5.7xn/a€145.6m
ETG EnviTec Biogas
33.7xn/a€531.6m
VH2 Friedrich Vorwerk Group
18.1x16.8%€500.0m
CE2 CropEnergies
12.4x-7.7%€1.1b
1PZ Panoro Energy
9.8x37.3%€3.3b

Price-To-Earnings vs Peers: 1PZ is good value based on its Price-To-Earnings Ratio (9.8x) compared to the peer average (18x).


Price to Earnings Ratio vs Industry

How does 1PZ's PE Ratio compare vs other companies in the European Oil and Gas Industry?

Price-To-Earnings vs Industry: 1PZ is good value based on its Price-To-Earnings Ratio (9.8x) compared to the German Oil and Gas industry average (13.6x)


Price to Earnings Ratio vs Fair Ratio

What is 1PZ'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.

1PZ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.8x
Fair PE Ratio29.9x

Price-To-Earnings vs Fair Ratio: 1PZ is good value based on its Price-To-Earnings Ratio (9.8x) compared to the estimated Fair Price-To-Earnings Ratio (29.9x).


Share Price vs Fair Value

What is the Fair Price of 1PZ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 1PZ (€2.78) is trading below our estimate of fair value (€9.53)

Significantly Below Fair Value: 1PZ is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: 1PZ is good value based on its PEG Ratio (0.3x)


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Future Growth

How is Panoro Energy forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


37.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1PZ's forecast earnings growth (37.3% per year) is above the savings rate (-0.01%).

Earnings vs Market: 1PZ's earnings (37.3% per year) are forecast to grow faster than the German market (8.3% per year).

High Growth Earnings: 1PZ's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 1PZ's revenue (6.5% per year) is forecast to grow faster than the German market (4.7% per year).

High Growth Revenue: 1PZ's revenue (6.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 1PZ's Return on Equity is forecast to be high in 3 years time (37.1%)


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Past Performance

How has Panoro Energy performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


77.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 1PZ has a large one-off gain of $44.7M impacting its March 31 2022 financial results.

Growing Profit Margin: 1PZ became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 1PZ has become profitable over the past 5 years, growing earnings by 77.4% per year.

Accelerating Growth: 1PZ has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 1PZ has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (91.7%).


Return on Equity

High ROE: 1PZ's Return on Equity (18.5%) is considered low.


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Financial Health

How is Panoro Energy's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 1PZ's short term assets ($112.4M) exceed its short term liabilities ($89.5M).

Long Term Liabilities: 1PZ's short term assets ($112.4M) do not cover its long term liabilities ($293.1M).


Debt to Equity History and Analysis

Debt Level: 1PZ's net debt to equity ratio (32%) is considered satisfactory.

Reducing Debt: 1PZ's debt to equity ratio has increased from 0% to 47.7% over the past 5 years.

Debt Coverage: 1PZ's debt is well covered by operating cash flow (110.5%).

Interest Coverage: 1PZ's interest payments on its debt are not well covered by EBIT (2x coverage).


Balance Sheet


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Dividend

What is Panoro Energy 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

  • Future Dividend Coverage


10.48%

Forecast Dividend Yield

Dividend Yield vs Market

Notable Dividend: Unable to evaluate 1PZ's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 1PZ'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 1PZ's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 1PZ'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 1PZ has not reported any payouts.


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Management

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

7.1yrs

Average board tenure


CEO

John Hamilton (56 yo)

7.08yrs

Tenure

US$1,579,000

Compensation

Mr. John Andrew Hamilton, FCCA is Director at Magnora ASA since December 18, 2018. He has been Chief Executive Officer at Panoro Energy ASA since May 13, 2015. Mr. Hamilton has been Senior Advisor of Presi...


CEO Compensation Analysis

Compensation vs Market: John's total compensation ($USD1.58M) is above average for companies of similar size in the German market ($USD991.52K).

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


Board Members

Experienced Board: 1PZ's board of directors are considered experienced (7.1 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

Panoro Energy ASA's employee growth, exchange listings and data sources


Key Information

  • Name: Panoro Energy ASA
  • Ticker: 1PZ
  • Exchange: DB
  • Founded: 2009
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Implied Market Cap: kr3.329b
  • Listing Market Cap: kr322.327m
  • Shares outstanding: 113.69m
  • Website: https://www.panoroenergy.com

Number of Employees


Location

  • Panoro Energy ASA
  • 78 Brook Street
  • London
  • Greater London
  • W1K 5EF
  • United Kingdom

Listings


Company Analysis and Financial Data Status

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