DB:3BEA

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Trinity Exploration & Production

Executive Summary

Trinity Exploration & Production plc, an independent oil company, engages in the exploration, development, production, and sale of crude oil.


Snowflake Analysis

Excellent balance sheet and fair value.


Similar Companies

Share Price & News

How has Trinity Exploration & Production's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

6.0%

3BEA

4.6%

DE Oil and Gas

4.4%

DE Market


1 Year Return

-25.4%

3BEA

31.5%

DE Oil and Gas

4.4%

DE Market

Return vs Industry: 3BEA underperformed the German Oil and Gas industry which returned 31.5% over the past year.

Return vs Market: 3BEA underperformed the German Market which returned 4.4% over the past year.


Shareholder returns

3BEAIndustryMarket
7 Day6.0%4.6%4.4%
30 Day52.5%17.0%12.1%
90 Day26.1%1.7%5.4%
1 Year-25.4%-25.4%35.3%31.5%6.1%4.4%
3 Yearn/a6.2%-4.1%-0.6%-8.2%
5 Yearn/a156.9%120.6%10.4%-3.8%

Price Volatility Vs. Market

How volatile is Trinity Exploration & Production's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Trinity Exploration & Production undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 3BEA (€0.09) is trading below our estimate of fair value (€0.68)

Significantly Below Fair Value: 3BEA is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 3BEA is unprofitable, so we can't compare its PE Ratio to the Oil and Gas industry average.

PE vs Market: 3BEA is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 3BEA's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 3BEA is good value based on its PB Ratio (1x) compared to the DE Oil and Gas industry average (1.1x).


Next Steps

Future Growth

How is Trinity Exploration & Production forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

36.9%

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 Trinity Exploration & Production 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 Trinity Exploration & Production performed over the past 5 years?

61.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 3BEA is currently unprofitable.

Growing Profit Margin: 3BEA is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 3BEA is unprofitable, but has reduced losses over the past 5 years at a rate of 61.8% per year.

Accelerating Growth: Unable to compare 3BEA's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 3BEA is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-9.2%).


Return on Equity

High ROE: 3BEA has a negative Return on Equity (-19.13%), as it is currently unprofitable.


Next Steps

Financial Health

How is Trinity Exploration & Production's financial position?


Financial Position Analysis

Short Term Liabilities: 3BEA's short term assets ($28.4M) exceed its short term liabilities ($11.6M).

Long Term Liabilities: 3BEA's short term assets ($28.4M) do not cover its long term liabilities ($49.4M).


Debt to Equity History and Analysis

Debt Level: 3BEA is debt free.

Reducing Debt: 3BEA has no debt compared to 5 years ago when its debt to equity ratio was 41.7%.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable 3BEA has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: 3BEA is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 49.1% per year.


Next Steps

Dividend

What is Trinity Exploration & Production's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 3BEA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 3BEA'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 3BEA's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 3BEA'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 3BEA's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

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

3.4yrs

Average board tenure


CEO

Jeremy Bridglalsingh (39yo)

no data

Tenure

US$312,622

Compensation

Mr. Jeremy Nicholas Bridglalsingh has been Chief Financial Officer at Trinity Exploration & Production plc since January 2016 and has been its Executive Director since January 11, 2017. He has been Managin ...


CEO Compensation Analysis

Compensation vs Market: Jeremy's total compensation ($USD312.62K) is about average for companies of similar size in the German market ($USD417.41K).

Compensation vs Earnings: Jeremy's compensation has increased whilst the company is unprofitable.


Board Members

NamePositionTenureCompensationOwnership
Bruce Alan Dingwall
Executive Chairman7.33yrsUS$400.00k2.82% $1.3m
Jeremy Bridglalsingh
MD, CFO & Executive Directorno dataUS$312.62k0.043% $20.1k
Angus Winther
Non-Executive Director3.42yrsUS$67.35k6.29% $2.9m
Nicholas Clayton
Senior Independent Non-Executive Director1.58yrsUS$5.65k0.021% $9.7k
James Menzies
Independent Non-Executive Director3yrsUS$59.98k0.24% $111.6k
David Segel
Non-Executive Director3.42yrsUS$53.88kno data

3.4yrs

Average Tenure

55yo

Average Age

Experienced Board: 3BEA's board of directors are considered experienced (3.4 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 been diluted in the past year, with total shares outstanding growing by 24.6%.


Top Shareholders

Company Information

Trinity Exploration & Production plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Trinity Exploration & Production plc
  • Ticker: 3BEA
  • Exchange: DB
  • Founded: 1996
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: UK£41.389m
  • Listing Market Cap: UK£46.434m
  • Shares outstanding: 478.49m
  • Website: https://trinityexploration.com

Number of Employees


Location

  • Trinity Exploration & Production plc
  • Pinsent Masons LLP
  • 1 Park Row
  • Leeds
  • LS1 5AB
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TRINAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPFeb 2013
BEGY.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDFeb 2013
3BEADB (Deutsche Boerse AG)YesOrdinary SharesDEEURFeb 2013

Biography

Trinity Exploration & Production plc, an independent oil company, engages in the exploration, development, production, and sale of crude oil. The company operates a portfolio of producing, development, and exploration assets onshore and offshore in the shallow waters off the west and east coasts of Trinidad. As of December 31, 2018, its proved and probable, as well as contingent resources included 43.26 million stock tank barrels. The company was founded in 1996 and is based in Leeds, the United Kingdom. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/05 01:37
End of Day Share Price2020/06/04 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.