Announcement • Oct 09
Indus Gas Limited, Annual General Meeting, Oct 31, 2025 Indus Gas Limited, Annual General Meeting, Oct 31, 2025. Location: po box 112, st martins house, le bordage, st peter port, gy1 4ea, Guernsey Announcement • Oct 01
Indus Gas Limited, Annual General Meeting, Oct 29, 2024 Indus Gas Limited, Annual General Meeting, Oct 29, 2024. Location: po box 112, st martins house, le bordage, st peter port, gy1 4ea, Guernsey Reported Earnings • Sep 25
Full year 2024 earnings released: EPS: US$0.11 (vs US$0.17 in FY 2023) Full year 2024 results: EPS: US$0.11 (down from US$0.17 in FY 2023). Revenue: US$42.9m (down 32% from FY 2023). Net income: US$20.2m (down 35% from FY 2023). Profit margin: 47% (down from 49% in FY 2023). The decrease in margin was driven by lower revenue. Buy Or Sell Opportunity • Aug 13
Now 90% undervalued after recent price drop Over the last 90 days, the stock has fallen 75% to €0.001. The fair value is estimated to be €0.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.7% over the last 3 years. Earnings per share has declined by 4.6%. Buy Or Sell Opportunity • Jul 22
Now 89% undervalued after recent price drop Over the last 90 days, the stock has fallen 100% to €0.001. The fair value is estimated to be €0.0088, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.7% over the last 3 years. Earnings per share has declined by 4.6%. Buy Or Sell Opportunity • Jul 05
Now 90% undervalued after recent price drop Over the last 90 days, the stock has fallen 100% to €0.001. The fair value is estimated to be €0.0099, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.7% over the last 3 years. Earnings per share has declined by 4.6%. New Risk • Jul 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (7.4% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (1,403% average daily change). Earnings have declined by 7.5% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Market cap is less than US$100m (€15.5m market cap, or US$16.7m). Buy Or Sell Opportunity • May 10
Now 88% undervalued after recent price drop Over the last 90 days, the stock has fallen 100% to €0.001. The fair value is estimated to be €0.008, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.7% over the last 3 years. Earnings per share has declined by 4.6%. Buy Or Sell Opportunity • Apr 26
Now 83% undervalued after recent price drop Over the last 90 days, the stock has fallen 96% to €0.036. The fair value is estimated to be €0.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.7% over the last 3 years. Earnings per share has declined by 4.6%. New Risk • Apr 24
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €34.1m (US$36.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (7.4% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 7.5% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€34.1m market cap, or US$36.5m). Buy Or Sell Opportunity • Mar 29
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 23% to €0.64. The fair value is estimated to be €0.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.7% over the last 3 years. Earnings per share has declined by 4.6%. Buy Or Sell Opportunity • Jan 27
Now 21% overvalued Over the last 90 days, the stock has fallen 34% to €0.89. The fair value is estimated to be €0.73, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.7% over the last 3 years. Earnings per share has declined by 4.6%. Reported Earnings • Dec 18
First half 2024 earnings released: EPS: US$0.07 (vs US$0.07 in 1H 2023) First half 2024 results: EPS: US$0.07 (in line with 1H 2023). Revenue: US$26.2m (down 4.5% from 1H 2023). Net income: US$12.7m (flat on 1H 2023). Profit margin: 49% (up from 47% in 1H 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. Announcement • Oct 06
Indus Gas Limited, Annual General Meeting, Oct 31, 2023 Indus Gas Limited, Annual General Meeting, Oct 31, 2023, at 10:00 Coordinated Universal Time. Location: at PO Box 112, St Martins House, Le Bordage St Peter Port Guernsey Reported Earnings • Oct 01
Full year 2023 earnings released: EPS: US$0.17 (vs US$0.19 in FY 2022) Full year 2023 results: EPS: US$0.17 (down from US$0.19 in FY 2022). Revenue: US$63.0m (up 17% from FY 2022). Net income: US$30.9m (down 12% from FY 2022). Profit margin: 49% (down from 66% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 14% per year and the company’s share price has also fallen by 14% per year. Announcement • Oct 01
Indus Gas Limited Announces Board Changes Indus Gas Limited announced that Clive Gibbons steps down from his role as a Non-Executive Director, effective Sep 29, 2023. Mr. Clive Gibbons joined the board of directors with effect from 17 September 2020, Clive is an experienced Operations Director, specialising in the corporate and fiduciary services sector and currently works at the Newhaven Group, based in Guernsey. Clive is a qualified Independent Investment Financial Advisor Level 3, compliance manager, accredited director, approved by the Guernsey GFSC (Guernsey regulator), BVI FSC (BVI regulator), with over 18 years in the sector. He was previously a Managing Director in the Cayman Islands for Vistra and previously worked at Close Brothers (Close Finance), Kleinwort Benson and Royal Bank of Scotland International. New Risk • Jul 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (7.3% operating cash flow to total debt). Earnings have declined by 2.0% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported September 2022 fiscal period end). Share price has been volatile over the past 3 months (7.4% average weekly change). Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment deteriorates as stock falls 31% After last week's 31% share price decline to €1.50, the stock trades at a trailing P/E ratio of 10.3x. Average trailing P/E is 11x in the Oil and Gas industry in Germany. Total loss to shareholders of 29% over the past three years. New Risk • Jun 26
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (7.3% operating cash flow to total debt). Earnings have declined by 2.0% per year over the past 5 years. Minor Risk Latest financial reports are more than 6 months old (reported September 2022 fiscal period end). Board Change • Apr 02
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Executive Chairman Jonathan Keeling is the most experienced director on the board, commencing their role in 2018. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Dec 26
First half 2023 earnings released: EPS: US$0.07 (vs US$0.092 in 1H 2022) First half 2023 results: EPS: US$0.07 (down from US$0.092 in 1H 2022). Revenue: US$27.4m (up 1.1% from 1H 2022). Net income: US$12.8m (down 24% from 1H 2022). Profit margin: 47% (down from 62% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.8% p.a. on average during the next 2 years, compared to a 8.0% growth forecast for the Oil and Gas industry in Germany. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Atiq Anjarwalla was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 28
Indus Gas Limited, Annual General Meeting, Oct 27, 2022 Indus Gas Limited, Annual General Meeting, Oct 27, 2022. Reported Earnings • Sep 30
Full year 2022 earnings released Full year 2022 results: Revenue: US$53.7m (up 11% from FY 2021). Net income: US$35.2m (up 26% from FY 2021). Profit margin: 66% (up from 58% in FY 2021). The increase in margin was primarily driven by higher revenue. Valuation Update With 7 Day Price Move • Aug 24
Investor sentiment improved over the past week After last week's 16% share price gain to €3.56, the stock trades at a trailing P/E ratio of 25.4x. Average forward P/E is 5x in the Oil and Gas industry in Germany. Total returns to shareholders of 26% over the past three years. Reported Earnings • Jan 01
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: US$0.092 (down from US$0.11 in 1H 2021). Revenue: US$27.1m (up 17% from 1H 2021). Net income: US$16.9m (down 13% from 1H 2021). Profit margin: 62% (down from 84% in 1H 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 6.4%, compared to a 55% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • Oct 01
Full year 2021 earnings released: EPS US$0.15 (vs US$0.27 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: US$48.5m (down 16% from FY 2020). Net income: US$27.9m (down 43% from FY 2020). Profit margin: 58% (down from 85% in FY 2020). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment improved over the past week After last week's 19% share price gain to US$2.60, the stock is trading at a trailing P/E ratio of 13.6x, up from the previous P/E ratio of 11.4x. This compares to an average P/E of 12x in the Oil and Gas industry in Europe. Total return to shareholders over the past three years is a loss of 26%. Is New 90 Day High Low • Feb 25
New 90-day high: €2.18 The company is up 3.0% from its price of €2.12 on 27 November 2020. The German market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is up 19% over the same period. Reported Earnings • Dec 31
First half 2021 earnings released: EPS US$0.11 The company reported a poor first half result with weaker earnings, revenues and profit margins. First half 2021 results: Revenue: US$23.2m (down 16% from 1H 2020). Net income: US$19.4m (down 20% from 1H 2020). Profit margin: 84% (down from 88% in 1H 2020). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Dec 22
New 90-day low: €2.04 The company is down 2.0% from its price of €2.08 on 23 September 2020. The German market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is up 9.0% over the same period. Reported Earnings • Sep 29
Full year earnings released - EPS €0.27 Over the last 12 months the company has reported total profits of US$49.1m, up 31% from the prior year. Total revenue was US$58.0m over the last 12 months, down 4.3% from the prior year. Profit margins were 85%, which is higher than the 62% margin from last year. The increase in margin was driven by lower expenses. Announcement • Sep 18
Indus Gas Limited Appoints Clive Gibbons as Non-Executive Director Indus Gas Limited announced the appointment of Clive Gibbons as a non-executive director of the company with immediate effect. Clive is an experienced Operations Director, specializing in the corporate and fiduciary services sector and currently works at the Newhaven Group, based in Guernsey. Clive is a qualified Independent Investment Financial Advisor Level 3, compliance manager, accredited director, approved by the Guernsey GFSC (Guernsey regulator), BVI FSC (BVI regulator), with over 18 years in the sector. He was previously a Managing Director in the Cayman Islands for Vistra and previously worked at Close Brothers (Close Finance), Kleinwort Benson and Royal Bank of Scotland International.