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P/F Atlantic Petroleum

DB:B3W
Snowflake Description

Undervalued with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
B3W
DB
DKK29M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

P/F Atlantic Petroleum, together with its subsidiaries, engages in the exploration, appraisal, development, and production of oil and gas properties in the Faroe Islands, the United Kingdom, Norway, the Netherlands, and Ireland. The last earnings update was 55 days ago. More info.


Add to Portfolio Compare Print
  • P/F Atlantic Petroleum has significant price volatility in the past 3 months.
B3W Share Price and Events
7 Day Returns
0.6%
DB:B3W
2.8%
DE Oil and Gas
-0.6%
DE Market
1 Year Returns
8.9%
DB:B3W
15.6%
DE Oil and Gas
-10.8%
DE Market
B3W Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
P/F Atlantic Petroleum (B3W) 0.6% -5.1% -21.2% 8.9% -32.4% -91.9%
DE Oil and Gas 2.8% 6.8% 11.9% 15.6% 17.5% 67.6%
DE Market -0.6% -3.3% 2.3% -10.8% 8% 8%
1 Year Return vs Industry and Market
  • B3W underperformed the Oil and Gas industry which returned 15.6% over the past year.
  • B3W outperformed the Market in Germany which returned -10.8% over the past year.
Price Volatility
B3W
Industry
5yr Volatility vs Market
Related Companies

TORM

CPSE:TRMD A

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Value

 Is P/F Atlantic Petroleum undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of P/F Atlantic Petroleum to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for P/F Atlantic Petroleum.

DB:B3W Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 12.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:B3W
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.92
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.917 (1 + (1- 22%) (288.04%))
2.326
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (2 * 5.96%)
12.15%

Discounted Cash Flow Calculation for DB:B3W using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for P/F Atlantic Petroleum is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:B3W DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (DKK, Millions) Source Present Value
Discounted (@ 12.15%)
2019 62.79 Est @ 1.67% 55.98
2020 63.56 Est @ 1.23% 50.54
2021 64.15 Est @ 0.93% 45.48
2022 64.62 Est @ 0.72% 40.85
2023 64.99 Est @ 0.57% 36.63
2024 65.29 Est @ 0.47% 32.82
2025 65.55 Est @ 0.4% 29.38
2026 65.78 Est @ 0.35% 26.29
2027 65.98 Est @ 0.31% 23.51
2028 66.17 Est @ 0.29% 21.03
Present value of next 10 years cash flows DKK362.51
DB:B3W DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= DKK66.17 × (1 + 0.23%) ÷ (12.15% – 0.23%)
DKK556.40
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= DKK556.40 ÷ (1 + 12.15%)10
DKK176.80
DB:B3W Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= DKK362.51 + DKK176.80
DKK539.31
Equity Value per Share
(DKK)
= Total value / Shares Outstanding
= DKK539.31 / 3.70
DKK145.84
DB:B3W Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:B3W represents 0.12873x of CPSE:ATLA DKK
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.12873x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (DKK) x Listing Adjustment Factor
= DKK 145.84 x 0.12873
€18.78
Value per share (EUR) From above. €18.78
Current discount Discount to share price of €1.02
= -1 x (€1.02 - €18.78) / €18.78
94.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price P/F Atlantic Petroleum is available for.
Intrinsic value
>50%
Share price is €1.02 vs Future cash flow value of €18.78
Current Discount Checks
For P/F Atlantic Petroleum to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • P/F Atlantic Petroleum's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • P/F Atlantic Petroleum's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for P/F Atlantic Petroleum's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are P/F Atlantic Petroleum's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:B3W PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in DKK DKK6.48
CPSE:ATLA DKK Share Price ** CPSE (2019-05-22) in DKK DKK7.9
Germany Oil and Gas Industry PE Ratio Median Figure of 5 Publicly-Listed Oil and Gas Companies 9.26x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 20.28x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of P/F Atlantic Petroleum.

DB:B3W PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= CPSE:ATLA DKK Share Price ÷ EPS (both in DKK)

= 7.9 ÷ 6.48

1.22x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • P/F Atlantic Petroleum is good value based on earnings compared to the DE Oil and Gas industry average.
  • P/F Atlantic Petroleum is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does P/F Atlantic Petroleum's expected growth come at a high price?
Raw Data
DB:B3W PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 1.22x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
4.6%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 58 Publicly-Listed Oil and Gas Companies 0.99x
Germany Market PEG Ratio Median Figure of 271 Publicly-Listed Companies 1.51x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for P/F Atlantic Petroleum, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on P/F Atlantic Petroleum's assets?
Raw Data
DB:B3W PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in DKK DKK19.30
CPSE:ATLA DKK Share Price * CPSE (2019-05-22) in DKK DKK7.9
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1.08x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.78x
DB:B3W PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= CPSE:ATLA DKK Share Price ÷ Book Value per Share (both in DKK)

= 7.9 ÷ 19.30

0.41x

* Primary Listing of P/F Atlantic Petroleum.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • P/F Atlantic Petroleum is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess P/F Atlantic Petroleum's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. P/F Atlantic Petroleum has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is P/F Atlantic Petroleum expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover P/F Atlantic Petroleum, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
4.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is P/F Atlantic Petroleum expected to grow at an attractive rate?
  • P/F Atlantic Petroleum's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • P/F Atlantic Petroleum's earnings growth is positive but not above the Germany market average.
  • Unable to compare P/F Atlantic Petroleum's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:B3W Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:B3W Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 4.6%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 7%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.2%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:B3W Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in DKK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:B3W Future Estimates Data
Date (Data in DKK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:B3W Past Financials Data
Date (Data in DKK Millions) Revenue Cash Flow Net Income *
2018-12-31 -20 24
2018-09-30 -7 30 -63
2018-06-30 -7 20 -78
2018-03-31 20 -75
2017-12-31 31 145
2017-09-30 6 101 -25
2017-06-30 6 85 -20
2017-03-31 -1 79 56
2016-12-31 10 48 12
2016-09-30 34 205 -396
2016-06-30 82 265 -498
2016-03-31 158 258 -591

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • P/F Atlantic Petroleum's earnings are expected to grow by 4.6% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if P/F Atlantic Petroleum is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:B3W Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from P/F Atlantic Petroleum Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:B3W Future Estimates Data
Date (Data in DKK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:B3W Past Financials Data
Date (Data in DKK Millions) EPS *
2018-12-31 6.48
2018-09-30 -17.09
2018-06-30 -20.98
2018-03-31 -20.23
2017-12-31 39.24
2017-09-30 -6.87
2017-06-30 -5.47
2017-03-31 15.27
2016-12-31 3.35
2016-09-30 -107.10
2016-06-30 -134.59
2016-03-31 -159.82

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if P/F Atlantic Petroleum will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess P/F Atlantic Petroleum's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
P/F Atlantic Petroleum has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has P/F Atlantic Petroleum performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare P/F Atlantic Petroleum's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • P/F Atlantic Petroleum's year on year earnings growth rate has been positive over the past 5 years.
  • P/F Atlantic Petroleum's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • P/F Atlantic Petroleum's 1-year earnings growth is negative, it can't be compared to the Europe Oil and Gas industry average.
Earnings and Revenue History
P/F Atlantic Petroleum's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from P/F Atlantic Petroleum Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:B3W Past Revenue, Cash Flow and Net Income Data
Date (Data in DKK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 23.96 12.62
2018-09-30 -6.63 -63.21 3.10
2018-06-30 -6.72 -77.59 8.19
2018-03-31 -74.81 9.65
2017-12-31 145.09 10.32
2017-09-30 6.42 -25.40 19.57
2017-06-30 6.19 -20.24 19.36
2017-03-31 -0.66 56.45 27.63
2016-12-31 10.22 12.39 34.71
2016-09-30 33.92 -396.05 41.42
2016-06-30 81.84 -497.84 43.43
2016-03-31 158.46 -590.99 42.76
2015-12-31 186.72 -563.99 45.75
2015-09-30 244.79 -281.50 38.60
2015-06-30 260.61 -209.38 45.87
2015-03-31 269.58 -217.27 49.31
2014-12-31 343.15 -218.26 54.18
2014-09-30 350.71 -78.15 65.24
2014-06-30 401.37 -59.19 67.44
2014-03-31 408.41 -44.43 69.60
2013-12-31 417.42 -25.67 69.47
2013-09-30 487.73 4.89 69.72
2013-06-30 531.54 42.45 47.41
2013-03-31 582.79 49.32 55.39
2012-12-31 596.75 66.66 47.89
2012-09-30 535.16 63.68 41.12
2012-06-30 473.23 68.17 52.26

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst P/F Atlantic Petroleum has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • P/F Atlantic Petroleum used its assets less efficiently than the DE Oil and Gas industry average last year based on Return on Assets.
  • P/F Atlantic Petroleum has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess P/F Atlantic Petroleum's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
P/F Atlantic Petroleum has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is P/F Atlantic Petroleum's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up P/F Atlantic Petroleum's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • P/F Atlantic Petroleum's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • P/F Atlantic Petroleum's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of P/F Atlantic Petroleum's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from P/F Atlantic Petroleum Company Filings, last reported 4 months ago.

DB:B3W Past Debt and Equity Data
Date (Data in DKK Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 71.36 84.15 0.26
2018-09-30 -153.71 63.52 0.49
2018-06-30 -152.04 64.94 0.56
2018-03-31 -150.33 63.63 0.45
2017-12-31 60.08 63.63 0.45
2017-09-30 -90.17 76.96 -0.74
2017-06-30 -75.35 76.51
2017-03-31 -77.90 77.44 0.05
2016-12-31 -82.67 90.16 4.92
2016-09-30 -71.80 159.40 10.35
2016-06-30 -59.69 148.56 11.33
2016-03-31 -134.24 133.19 17.62
2015-12-31 -102.01 130.20 42.05
2015-09-30 314.60 240.22 34.04
2015-06-30 450.39 251.62 15.18
2015-03-31 453.53 234.40 61.76
2014-12-31 423.18 204.74 111.99
2014-09-30 577.45 216.75 164.86
2014-06-30 586.52 194.70 194.61
2014-03-31 594.87 119.28 173.17
2013-12-31 597.35 103.06 184.61
2013-09-30 489.55 119.82 53.05
2013-06-30 503.51 105.91 63.22
2013-03-31 519.27 78.00 74.16
2012-12-31 537.14 78.00 242.52
2012-09-30 491.27 97.50 299.84
2012-06-30 473.45 97.74 237.79
  • P/F Atlantic Petroleum's level of debt (117.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (17.3% vs 117.9% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • P/F Atlantic Petroleum earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess P/F Atlantic Petroleum's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. P/F Atlantic Petroleum has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is P/F Atlantic Petroleum's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from P/F Atlantic Petroleum dividends.
If you bought €2,000 of P/F Atlantic Petroleum shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate P/F Atlantic Petroleum's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate P/F Atlantic Petroleum's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:B3W Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 60 Stocks 5.4%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:B3W Future Dividends Estimate Data
Date (Data in DKK) Dividend per Share (annual) Avg. No. Analysts

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as P/F Atlantic Petroleum has not reported any payouts.
  • Unable to verify if P/F Atlantic Petroleum's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of P/F Atlantic Petroleum's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as P/F Atlantic Petroleum has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess P/F Atlantic Petroleum's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can P/F Atlantic Petroleum afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. P/F Atlantic Petroleum has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of P/F Atlantic Petroleum's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Graeme Fawcett
TENURE AS CEO 1.4 years
CEO Bio

Mr. Graeme L. Fawcett has been Chief Executive Officer and General Manager at P/F Atlantic Petroleum since December 04, 2017. Mr. Fawcett has been an adviser to London Power Corporation since July 2017. He has got more than 30 years’ experience in the oil and gas industry working on assets in Europe, Africa, Asia and Australia for a multitude of companies such as Total, Tullow Oil and Technip. Mr. Fawcett brings significant expertise and know-how to the Company having worked in the oil and gas industry for over 35 years. He has worked throughout the world with major operators, as well as leading EPCI Contractors, gaining wide expertise in a range of commercial, technical and legal activities, both onshore and offshore oil and gas developments, including the creation, execution and completion of project and investment strategies. He holds Mechanical Engineering and Legal qualifications.

CEO Compensation
  • Insufficient data for Graeme to compare compensation growth.
  • Insufficient data for Graeme to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team

Graeme Fawcett

TITLE
CEO & GM
TENURE
1.4 yrs

Clint Redman

TITLE
Head of Corporate Finance
TENURE
2.4 yrs
Board of Directors Tenure

Average tenure of the P/F Atlantic Petroleum board of directors in years:

1.3
Average Tenure
  • The average tenure for the P/F Atlantic Petroleum board of directors is less than 3 years, this suggests a new board.
Board of Directors

Henrik Olesen

TITLE
Chairperson of the Board
TENURE
1.1 yrs

Charles Hendry

TITLE
Deputy Chairman of the Board
TENURE
2 yrs

Yves Paletta

TITLE
Director
TENURE
1.3 yrs

David Peattie

TITLE
AGE
63
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess P/F Atlantic Petroleum's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. P/F Atlantic Petroleum has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

P/F Atlantic Petroleum, together with its subsidiaries, engages in the exploration, appraisal, development, and production of oil and gas properties in the Faroe Islands, the United Kingdom, Norway, the Netherlands, and Ireland. The company has interests in approximately 40 licenses comprising approximately 50 fields, discoveries, and prospects or leads. P/F Atlantic Petroleum was founded in 1998 and is based in Tórshavn, Denmark.

Details
Name: P/F Atlantic Petroleum
B3W
Exchange: DB
Founded: 1998
DKK3,911,532
3,697,860
Website: http://www.petroleum.fo
Address: P/F Atlantic Petroleum
Yviri við Strond 4,
PO Box 1228,
Tórshavn,
The Faroe Islands, 110,
Denmark
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
CPSE ATLA DKK Ordinary Shares DKK 100 OMX Nordic Exchange Copenhagen DK DKK 26. May 2006
DB B3W Ordinary Shares DKK 100 Deutsche Boerse AG DE EUR 26. May 2006
LSE 0OF9 Ordinary Shares DKK 100 London Stock Exchange GB DKK 26. May 2006
OB ATLA NOK Ordinary Shares DKK 100 Oslo Bors NO NOK 26. May 2006
BATS-CHIXE ATLAC Ordinary Shares DKK 100 BATS 'Chi-X Europe' GB DKK 26. May 2006
BATS-CHIXE ATLAO Ordinary Shares DKK 100 BATS 'Chi-X Europe' GB NOK 26. May 2006
Number of employees
Current staff
Staff numbers
1
P/F Atlantic Petroleum employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/23 22:06
End of day share price update: 2019/05/22 00:00
Last estimates confirmation: 2017/03/29
Last earnings filing: 2019/03/29
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.