DB:HA3

Stock Analysis Report

Executive Summary

Petro Matad Limited, together with its subsidiaries, explores for, develops, and produces oil in Mongolia.

Snowflake

Fundamentals

Excellent balance sheet and overvalued.

Share Price & News

How has Petro Matad's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-48.6%

HA3

3.7%

DE Oil and Gas

1.4%

DE Market


1 Year Return

-63.5%

HA3

50.0%

DE Oil and Gas

3.8%

DE Market

Return vs Industry: HA3 underperformed the German Oil and Gas industry which returned 50% over the past year.

Return vs Market: HA3 underperformed the German Market which returned 3.8% over the past year.


Shareholder returns

HA3IndustryMarket
7 Day-48.6%3.7%1.4%
30 Day-50.4%6.0%1.3%
90 Day-67.3%12.9%3.1%
1 Year-63.5%-63.5%55.0%50.0%7.0%3.8%
3 Year-9.6%-9.6%43.7%30.0%18.5%8.3%
5 Year88.3%88.3%169.9%127.6%42.2%22.9%

Price Volatility Vs. Market

How volatile is Petro Matad's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Petro Matad undervalued compared to its fair value and its price relative to the market?

0.53x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate HA3's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate HA3's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: HA3 is unprofitable, so we can't compare its PE Ratio to the Oil and Gas industry average.

PE vs Market: HA3 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 HA3's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: HA3 is good value based on its PB Ratio (0.5x) compared to the DE Oil and Gas industry average (1.1x).


Next Steps

Future Growth

How is Petro Matad forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

-133.1%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if HA3's forecast earnings growth is above the savings rate (0.2%).

Earnings vs Market: Insufficient data to determine if HA3's earnings are forecast to grow faster than the German market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: HA3 is forecast to have no revenue next year.

High Growth Revenue: HA3 is forecast to have no revenue next year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if HA3's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Petro Matad performed over the past 5 years?

-36.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: HA3 is unprofitable, and losses have increased over the past 5 years at a rate of -36.5% per year.

Accelerating Growth: Unable to compare HA3's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: HA3 is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (10%).


Return on Equity

High ROE: HA3 has a negative Return on Equity (-51.06%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: HA3 is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: HA3 is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Petro Matad's financial position?


Financial Position Analysis

Short Term Liabilities: HA3's short term assets ($16.6M) exceeds its short term liabilities ($477.0K)

Long Term Liabilities: HA3 has no long term liabilities


Debt to Equity History and Analysis

Debt Level: HA3 is debt free.

Reducing Debt: HA3 has not had any debt for past 5 years.


Balance Sheet

Inventory Level: HA3 has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if HA3's debt is covered by short term assets.


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: HA3 has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: HA3 has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of -99.6% each year


Next Steps

Dividend

What is Petro Matad's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage6.0%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate HA3's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate HA3's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if HA3's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if HA3'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 HA3's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

What is the CEO of Petro Matad's salary, the management and board of directors tenure and is there insider trading?

2.1yrs

Average management tenure


CEO

Mike Buck 0

1.9yrs

Tenure

0

Mr. Michael Buck, also known as Mike, has been the Chief Executive Officer of Petro Matad Limited since November 22, 2017 and serves as its Director since November 22, 2017. Mr. Buck has 28 years of intern ...


Management Age and Tenure

2.1yrs

Average Tenure

Experienced Management: HA3's management team is considered experienced (2.1 years average tenure).


Board Age and Tenure

2.6yrs

Average Tenure

50yo

Average Age

Experienced Board: HA3's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Mike Buck

    CEO & Director

    • Tenure: 1.9yrs
  • John Henriksen (67yo)

    CFO, Finance Director & Executive Director

    • Tenure: 6.8yrs
  • Kurt Constenius

    Chief Geophysicist

    • Tenure: 0yrs
  • Nick Cousyn

    Chief Communications Officer

    • Tenure: 2.1yrs
  • B. Tamir

    Chief Accountant

    • Tenure: 0yrs

Board Members

  • Tim Bushell (59yo)

    Non-Executive Director

    • Tenure: 2.6yrs
  • Mike Buck

    CEO & Director

    • Tenure: 1.9yrs
  • Enkhmaa Davaanyam (41yo)

    Chairperson

    • Tenure: 4.2yrs
  • John Henriksen (67yo)

    CFO, Finance Director & Executive Director

    • Tenure: 6.8yrs
  • Shinezaya Batbold (35yo)

    Non-Executive Director

    • Tenure: 1.1yrs

Company Information

Petro Matad Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Petro Matad Limited
  • Ticker: HA3
  • Exchange: DB
  • Founded: 2007
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: €15.562m
  • Shares outstanding: 662.20m
  • Website: https://www.petromatadgroup.com

Location

  • Petro Matad Limited
  • Victory House
  • Prospect Hill
  • Douglas
  • IM1 1EQ
  • Isle of Man

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MATDAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPMay 2008
HA3DB (Deutsche Boerse AG)YesOrdinary SharesDEEURMay 2008
PRTD.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDMay 2008

Biography

Petro Matad Limited, together with its subsidiaries, explores for, develops, and produces oil in Mongolia. It holds 100% interests in production sharing contract blocks, including the IV, V and XX blocks t ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/21 21:08
End of Day Share Price2019/10/21 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.