ShaMaran Petroleum Future Growth

Future criteria checks 6/6

ShaMaran Petroleum is forecast to grow earnings and revenue by 23.7% and 38.1% per annum respectively. EPS is expected to grow by 1.5% per annum. Return on equity is forecast to be 36.1% in 3 years.

Key information

23.7%

Earnings growth rate

1.5%

EPS growth rate

Oil and Gas earnings growth	6.6%
Revenue growth rate	38.1%
Future return on equity	36.1%
Analyst coverage	Low
Last updated	15 Nov 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

DB:3B8 - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	225	125	123	211	3
12/31/2025	192	90	83	156	3
12/31/2024	110	82	61	75	1
9/30/2024	95	73	59	73	N/A
6/30/2024	78	-10	47	57	N/A
3/31/2024	62	-37	24	41	N/A
12/31/2023	83	-27	12	40	N/A
9/30/2023	116	-14	5	43	N/A
6/30/2023	143	61	17	58	N/A
3/31/2023	181	109	62	100	N/A
12/31/2022	177	115	79	105	N/A
9/30/2022	151	107	99	116	N/A
6/30/2022	140	40	88	100	N/A
3/31/2022	121	26	69	82	N/A
12/31/2021	102	13	50	64	N/A
9/30/2021	89	8	34	46	N/A
6/30/2021	75	5	27	38	N/A
3/31/2021	57	-17	9	16	N/A
12/31/2020	57	-144	4	13	N/A
9/30/2020	67	-141	-6	9	N/A
6/30/2020	70	-141	-5	14	N/A
3/31/2020	78	-130	-11	7	N/A
12/31/2019	70	-13	-4	15	N/A
9/30/2019	60	-25	5	19	N/A
6/30/2019	55	-25	9	22	N/A
3/31/2019	55	-16	34	49	N/A
12/31/2018	70	2	35	47	N/A
9/30/2018	69	10	29	38	N/A
6/30/2018	60	7	N/A	23	N/A
3/31/2018	44	0	N/A	0	N/A
12/31/2017	18	-11	N/A	-9	N/A
9/30/2017	4	-11	N/A	-5	N/A
6/30/2017	0	-8	N/A	-6	N/A
3/31/2017	0	-9	N/A	-9	N/A
12/31/2016	0	-9	N/A	-7	N/A
9/30/2016	0	-254	N/A	-8	N/A
6/30/2016	0	-254	N/A	0	N/A
3/31/2016	N/A	-253	N/A	0	N/A
12/31/2015	N/A	-253	N/A	-3	N/A
9/30/2015	N/A	-8	N/A	3	N/A
6/30/2015	N/A	-8	N/A	0	N/A
3/31/2015	N/A	-8	N/A	8	N/A
12/31/2014	N/A	-7	N/A	3	N/A
9/30/2014	N/A	-7	N/A	-9	N/A
6/30/2014	N/A	-7	N/A	-1	N/A
3/31/2014	N/A	-6	N/A	-4	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 3B8's forecast earnings growth (23.7% per year) is above the savings rate (1%).

Earnings vs Market: 3B8's earnings (23.7% per year) are forecast to grow faster than the German market (21% per year).

High Growth Earnings: 3B8's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 3B8's revenue (38.1% per year) is forecast to grow faster than the German market (5.6% per year).

High Growth Revenue: 3B8's revenue (38.1% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 3B8's Return on Equity is forecast to be high in 3 years time (36.1%)

ShaMaran Petroleum Future Growth

Future criteria checks 6/6

Key information

Recent future growth updates

ShaMaran Petroleum Corp. Announces a Partial or Complete Shutdown of Many Fields Located in the Kurdistan Region of Iraq

Shamaran Petroleum Corp. Provides Production Guidance for the Full Year 2023

ShaMaran Petroleum Corp. Provides Production Guidance for the Fourth Quarter of 2022

ShaMaran Petroleum Corp. Provides Production Guidance for Full Year 2022

ShaMaran Petroleum Corp. Provides Production Guidance for the Second Quarter of 2021

Recent updates

Third quarter 2024 earnings released: EPS: US$0.03 (vs US$0.003 loss in 3Q 2023)

Second quarter 2024 earnings released

First quarter 2024 earnings released

ShaMaran Petroleum Corp. to Report Q3, 2024 Results on Nov 07, 2024

Now 48% undervalued

ShaMaran Petroleum Corp. to Report Fiscal Year 2023 Results on Mar 06, 2024

Third quarter 2023 earnings released: US$0.002 loss per share (vs US$0.024 profit in 3Q 2022)

ShaMaran Petroleum Corp. Announces a Partial or Complete Shutdown of Many Fields Located in the Kurdistan Region of Iraq

President & CEO recently bought €88k worth of stock

ShaMaran Petroleum Corp. Announces Management Changes

First quarter 2023 earnings released: EPS: US$0.003 (vs US$0.007 in 1Q 2022)

Full year 2022 earnings released: EPS: US$0.05 (vs US$0.006 in FY 2021)

Shamaran Petroleum Corp. Provides Production Guidance for the Full Year 2023

ShaMaran Petroleum Corp., Annual General Meeting, Jun 22, 2023

ShaMaran Petroleum Corp. to Report Q2, 2023 Results on Aug 09, 2023

ShaMaran Petroleum Corp. Provides Production Guidance for the Fourth Quarter of 2022

Third quarter 2022 earnings released: EPS: US$0.03 (vs US$0 in 3Q 2021)

ShaMaran Petroleum Corp. Appoints Elvis Pellumbi as the New Chief Financial Officer, Effective October 1, 2022

ShaMaran Petroleum Corp. (TSXV:SNM) completed the acquisition of TEPKRI Sarsang A/S from TotalEnergies SE (ENXTPA:TTE).

Second quarter 2022 earnings released: EPS: US$0.01 (vs US$0.003 in 2Q 2021)

ShaMaran Petroleum Corp. Provides Atrush Operations Update

ShaMaran Petroleum Corp. Approves the Appointment of Nick Walker as Director

Full year 2021 earnings released: EPS: US$0.006 (vs US$0.067 loss in FY 2020)

Full year 2021 earnings released: EPS: US$0.006 (vs US$0.067 loss in FY 2020)

ShaMaran Petroleum Corp. Provides Production Guidance for Full Year 2022

ShaMaran Petroleum Corp., Annual General Meeting, Jun 23, 2022

Third quarter 2021 earnings released

Second quarter 2021 earnings released: EPS US$0.003 (vs US$0.006 loss in 2Q 2020)

ShaMaran Petroleum Corp. Provides Production Guidance for the Second Quarter of 2021

ShaMaran Petroleum Corp. Announces Atrush block, Kurdistan Region of Iraq Production Results

First quarter 2021 earnings released: EPS US$0.001 (vs US$0.058 loss in 1Q 2020)

Full year 2020 earnings released: US$0.07 loss per share (vs US$0.006 loss in FY 2019)

Revenue misses expectations

Mr. Brenden Johnstone to Leave ShaMaran Petroleum Corp. as Chief Financial Officer

Revenue beats expectations

Third quarter 2020 earnings released: US$0.002 loss per share

ShaMaran Petroleum Corp. to Report Q4, 2020 Results on Mar 03, 2021

Shamaran Petroleum Corp Elects William A.W. Lundin as Director

First half earnings released

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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