DB:OCE

Stock Analysis Report

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Executive Summary

Cortus Energy AB (publ) supplies renewable energy gas generated from the gasification of biomass in Sweden.


Snowflake Analysis

Weak fundamentals or lack of information.

Share Price & News

How has Cortus Energy's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-3.9%

OCE

4.0%

DE Oil and Gas

4.3%

DE Market


1 Year Return

-7.8%

OCE

18.6%

DE Oil and Gas

0.3%

DE Market

Return vs Industry: OCE underperformed the German Oil and Gas industry which returned 18.6% over the past year.

Return vs Market: OCE underperformed the German Market which returned 0.3% over the past year.


Shareholder returns

OCEIndustryMarket
7 Day-3.9%4.0%4.3%
30 Day-8.0%10.6%7.4%
90 Day-24.5%-9.6%-0.2%
1 Year-7.8%-7.8%22.1%18.6%2.0%0.3%
3 Yearn/a-7.3%-16.0%-5.0%-12.3%
5 Yearn/a150.6%114.9%4.2%-9.2%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Cortus Energy undervalued compared to its fair value and its price relative to the market?

16.02x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: OCE is overvalued based on its PB Ratio (16x) compared to the DE Oil and Gas industry average (1x).


Next Steps

Future Growth

How is Cortus Energy forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

34.0%

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 Cortus Energy 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 Cortus Energy performed over the past 5 years?

-35.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: OCE is currently unprofitable.

Growing Profit Margin: OCE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: OCE is unprofitable, and losses have increased over the past 5 years at a rate of -35.6% per year.

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

Earnings vs Industry: OCE is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-5.1%).


Return on Equity

High ROE: OCE has a negative Return on Equity (-179.68%), as it is currently unprofitable.


Next Steps

Financial Health

How is Cortus Energy's financial position?


Financial Position Analysis

Short Term Liabilities: OCE's short term assets (SEK19.8M) do not cover its short term liabilities (SEK25.4M).

Long Term Liabilities: OCE's short term assets (SEK19.8M) do not cover its long term liabilities (SEK41.5M).


Debt to Equity History and Analysis

Debt Level: OCE's debt to equity ratio (112.4%) is considered high.

Reducing Debt: OCE's debt to equity ratio has increased from 0.01% to 112.4% over the past 5 years.


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

Forecast Cash Runway: OCE has less than a year of cash runway if free cash flow continues to reduce at historical rates of 32.7% each year


Next Steps

Dividend

What is Cortus Energy's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if OCE'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 OCE'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?

7.3yrs

Average board tenure


CEO

Håkan Sigfridsson (56yo)

1.33yrs

Tenure

Håkan Sigfridsson serves as Managing Director of Cortus Energy AB (publ) since January 2019. 


Board Members

NamePositionTenureCompensationOwnership
Rolf Ljunggren
Founder7.33yrskr1.34m0.71% SEK413.8k
Thomas Lahti
CFO & Directorno datano datano data
Par Sjolin
Chief Executive Officer of Cortus Engineering Abno datano datano data
Anna Ljunggren
Deputy Member of The Boardno datano datano data
Maria Wetterstrand
Director7.33yrskr120.00k0.049% SEK28.9k
Per-Olov Norberg
Chairman of the Board7.33yrskr240.00k6.49% SEK3.8m
Richard Bagge
Director 7.33yrskr120.00k0.17% SEK100.5k
Peter Forssell
Member of The Board of Directors6.33yrskr123.00kno data

7.3yrs

Average Tenure

56yo

Average Age

Experienced Board: OCE's board of directors are considered experienced (7.3 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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 24.3%.


Top Shareholders

Company Information

Cortus Energy AB (publ)'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Cortus Energy AB (publ)
  • Ticker: OCE
  • Exchange: DB
  • Founded:
  • Industry: Coal and Consumable Fuels
  • Sector: Energy
  • Market Cap: kr621.955m
  • Listing Market Cap: kr58.689m
  • Shares outstanding: 1.25b
  • Website: https://www.cortusenergy.se

Location

  • Cortus Energy AB (publ)
  • Isafjordsgatan 30C
  • 7th Floor
  • Kista
  • Stockholm County
  • 164 40
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CEOM (OMX Nordic Exchange Stockholm)YesShare CapitalSESEKJan 2013
OCEDB (Deutsche Boerse AG)YesShare CapitalDEEURJan 2013

Biography

Cortus Energy AB (publ) supplies renewable energy gas generated from the gasification of biomass in Sweden. It offers energy gas based on its WoodRoll patented gasification technology for the process, power, industrial, and transportation applications. The company is based in Kista, Sweden. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/29 01:10
End of Day Share Price2020/05/28 00:00
Earnings2020/03/31
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.