A07

Avance Gas Holding DB:A07 Stock Report

Last Price

€4.67

Market Cap

€372.9m

7D

0.3%

1Y

n/a

Updated

29 Sep, 2022

Data

Company Financials +

Avance Gas Holding Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Avance Gas Holding
Historical stock prices
Current Share Pricekr4.67
52 Week Highkr6.28
52 Week Lowkr4.51
Beta1.65
1 Month Change-7.66%
3 Month Change0.69%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO-12.26%

Recent News & Updates

Shareholder Returns

A07DE Oil and GasDE Market
7D0.3%-0.4%-4.8%
1Yn/a-2.9%-29.6%

Return vs Industry: Insufficient data to determine how A07 performed against the German Oil and Gas industry.

Return vs Market: Insufficient data to determine how A07 performed against the German Market.

Price Volatility

Is A07's price volatile compared to industry and market?
A07 volatility
A07 Average Weekly Movement10.8%
Oil and Gas Industry Average Movement7.2%
Market Average Movement5.6%
10% most volatile stocks in DE Market10.0%
10% least volatile stocks in DE Market2.9%

Stable Share Price: A07 is more volatile than 90% of German stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: Insufficient data to determine A07's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
20077n/ahttps://www.avancegas.com

Avance Gas Holding Ltd, together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG). The company transports LPG from the Persian Gulf and the United States Gulf/the United States East Coast to destinations in Europe, South America, India, and Asia. As of December 31, 2021, it owned and operated through a fleet of thirteen very large gas carriers.

Avance Gas Holding Fundamentals Summary

How do Avance Gas Holding's earnings and revenue compare to its market cap?
A07 fundamental statistics
Market Cap€372.91m
Earnings (TTM)€55.68m
Revenue (TTM)€236.73m

6.7x

P/E Ratio

1.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
A07 income statement (TTM)
RevenueUS$231.23m
Cost of RevenueUS$117.07m
Gross ProfitUS$114.16m
Other ExpensesUS$59.77m
EarningsUS$54.39m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Nov 30, 2022

Earnings per share (EPS)0.71
Gross Margin49.37%
Net Profit Margin23.52%
Debt/Equity Ratio72.8%

How did A07 perform over the long term?

See historical performance and comparison

Dividends

10.5%

Current Dividend Yield

70%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is A07 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for A07?

Other financial metrics that can be useful for relative valuation.

A07 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/Revenue2.8x
Enterprise Value/EBITDA6.5x
PEG Ratio0.3x

Price to Earnings Ratio vs Peers

How does A07's PE Ratio compare to its peers?

A07 PE Ratio vs Peers
The above table shows the PE ratio for A07 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average17.8x
VH2 Friedrich Vorwerk Group
15.6x21.6%€396.4m
ETG EnviTec Biogas
45.7xn/a€720.2m
CE2 CropEnergies
7.3x-29.6%€1.1b
DR0 Deutsche Rohstoff
2.7xn/a€101.2m
A07 Avance Gas Holding
6.7x25.5%€3.9b

Price-To-Earnings vs Peers: A07 is good value based on its Price-To-Earnings Ratio (6.7x) compared to the peer average (17.8x).


Price to Earnings Ratio vs Industry

How does A07's PE Ratio compare vs other companies in the European Oil and Gas Industry?

Price-To-Earnings vs Industry: A07 is expensive based on its Price-To-Earnings Ratio (6.7x) compared to the European Oil and Gas industry average (5.4x)


Price to Earnings Ratio vs Fair Ratio

What is A07'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.

A07 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.7x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate A07's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of A07 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: A07 (€4.67) is trading below our estimate of fair value (€40.4)

Significantly Below Fair Value: A07 is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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Future Growth

How is Avance Gas Holding forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


25.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: A07's forecast earnings growth (25.5% per year) is above the savings rate (-0.01%).

Earnings vs Market: A07's earnings (25.5% per year) are forecast to grow faster than the German market (9.8% per year).

High Growth Earnings: A07's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: A07's revenue (11% per year) is forecast to grow faster than the German market (3.8% per year).

High Growth Revenue: A07's revenue (11% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: A07's Return on Equity is forecast to be low in 3 years time (11.2%).


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Past Performance

How has Avance Gas Holding performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


58.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: A07 has a large one-off gain of $10.8M impacting its June 30 2022 financial results.

Growing Profit Margin: A07's current net profit margins (23.5%) are lower than last year (35%).


Past Earnings Growth Analysis

Earnings Trend: A07 has become profitable over the past 5 years, growing earnings by 58.4% per year.

Accelerating Growth: A07's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: A07 had negative earnings growth (-21.7%) over the past year, making it difficult to compare to the Oil and Gas industry average (65.4%).


Return on Equity

High ROE: A07's Return on Equity (9.4%) is considered low.


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Financial Health

How is Avance Gas Holding's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: A07's short term assets ($232.5M) exceed its short term liabilities ($50.6M).

Long Term Liabilities: A07's short term assets ($232.5M) do not cover its long term liabilities ($461.3M).


Debt to Equity History and Analysis

Debt Level: A07's net debt to equity ratio (38.3%) is considered satisfactory.

Reducing Debt: A07's debt to equity ratio has reduced from 113.1% to 72.8% over the past 5 years.

Debt Coverage: A07's debt is well covered by operating cash flow (21.9%).

Interest Coverage: A07's interest payments on its debt are well covered by EBIT (3.7x coverage).


Balance Sheet


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Dividend

What is Avance Gas Holding current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


10.51%

Current Dividend Yield

Dividend Yield vs Market

Avance Gas Holding Dividend Yield vs Market
How does Avance Gas Holding dividend yield compare to the market?
SegmentDividend Yield
Company (Avance Gas Holding)10.5%
Market Bottom 25% (DE)1.7%
Market Top 25% (DE)5.8%
Industry Average (Oil and Gas)1.2%
Analyst forecast in 3 Years (Avance Gas Holding)10.2%

Notable Dividend: A07's dividend (10.51%) is higher than the bottom 25% of dividend payers in the German market (1.69%).

High Dividend: A07's dividend (10.51%) is in the top 25% of dividend payers in the German market (5.47%)


Stability and Growth of Payments

Stable Dividend: A07 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: A07 has only been paying a dividend for 8 years, and since then payments have fallen.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (69.9%), A07's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: A07 is paying a dividend but the company has no free cash flows.


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Management

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

2.0yrs

Average management tenure


CEO

Avance Gas Holding has no CEO, or we have no data on them.


Leadership Team

Experienced Management: A07's management team is considered experienced (2 years average tenure).


Board Members

Experienced Board: A07's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.


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

DB:A07 Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
24 Jun 22Buy€99,080Oystein KalleklevIndividual20,000€4.95
26 Nov 21Buy€103,928Oystein KalleklevIndividual30,000€3.46

Ownership Breakdown

What is the ownership structure of A07?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders64,3000.08%
General Public604,5250.8%
Public Companies3,610,1814.7%
Institutions11,931,38115.6%
Private Companies60,382,69678.8%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 99.21% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
77.53%
Greenwich Holdings Ltd.
59,382,696$277.2m0%no data
4.14%
BW LPG Limited
3,167,797$14.8m0%no data
1.88%
Nordnet AB (publ), Asset Management Arm
1,437,430$6.7m0%1.13%
1.72%
Morgan Stanley, Investment Banking and Brokerage Investments
1,320,163$6.2m0%no data
1.56%
Danske Bank A/S, Asset Management Arm
1,192,499$5.6m0%0.08%
1.44%
Brown Brothers Harriman & Co., Asset Management Arm
1,101,659$5.1m0%0.04%
1.31%
Stavern Helse og Forvaltning AS
1,000,000$4.7m0%no data
1.24%
BNP Paribas Securities Corp, Asset Management Arm
947,208$4.4m0%0.34%
1.24%
Nordea Investment Management AB
946,994$4.4m0%no data
1.22%
Citigroup Inc.,Banking and Securities Investments
934,557$4.4m0%no data
1.22%
UBS Asset Management
931,194$4.3m0%no data
1.06%
Nordnet Pensionsförsäkring Ab, Asset Management Arm
810,973$3.8m0%1.3%
1.05%
State Street Global Advisors, Inc.
807,133$3.8m0%no data
0.92%
Magallanes Value Investors, S.A., SGIIC
704,494$3.3m0%0.23%
0.58%
Frontline Ltd.
442,384$2.1m0%no data
0.3%
BBVA Asset Management, S.A., S.G.I.I.C.
231,033$1.1m0%0.01%
0.29%
Storebrand Asset Management AS
219,563$1.0m0%0.01%
0.18%
Dimensional Fund Advisors LP
139,980$653.4k30.91%no data
0.089%
Allianz Asset Management AG
68,287$318.8k-1.21%no data
0.089%
BN & Partners Capital AG, Asset Management Arm
67,826$316.6k0%0.14%
0.065%
Oystein Kalleklev
50,000$233.4k66.67%no data
0.054%
Xact Kapitalförvaltning AB
41,425$193.4k0%no data
0.038%
Fondsforvaltning AS
28,963$135.2k0%0.13%
0.013%
Erik Jacobsen
10,000$46.7k0%no data
0.0056%
Jan Kastrup-Nielsen
4,300$20.1k0%no data

Company Information

Avance Gas Holding Ltd's employee growth, exchange listings and data sources


Key Information

  • Name: Avance Gas Holding Ltd
  • Ticker: A07
  • Exchange: DB
  • Founded: 2007
  • Industry: Oil and Gas Storage and Transportation
  • Sector: Energy
  • Implied Market Cap: kr3.910b
  • Listing Market Cap: kr372.910m
  • Shares outstanding: 76.59m
  • Website: https://www.avancegas.com

Number of Employees


Location

  • Avance Gas Holding Ltd
  • Par-la-Ville Place
  • 4th Floor
  • Hamilton
  • HM 08
  • Bermuda


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AGASOB (Oslo Bors)YesCommon SharesNONOKOct 2013
AVAC.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDOct 2013
0QTXLSE (London Stock Exchange)YesCommon SharesGBNOKOct 2013
AGASOBATS-CHIXE (BATS 'Chi-X Europe')YesCommon SharesGBNOKOct 2013
A07DB (Deutsche Boerse AG)YesCommon SharesDEEUROct 2013

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/29 00:00
End of Day Share Price2022/09/28 00:00
Earnings2022/06/30
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.