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SOCO International

DB:OCS1
Snowflake Description

Undervalued with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
OCS1
DB
£261M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

SOCO International plc engages in the exploration, development, and production of oil and gas properties. The last earnings update was 46 days ago. More info.


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OCS1 Share Price and Events
7 Day Returns
-1.8%
DB:OCS1
0.7%
DE Oil and Gas
-0.2%
DE Market
1 Year Returns
-45.5%
DB:OCS1
15.5%
DE Oil and Gas
-10.3%
DE Market
OCS1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
SOCO International (OCS1) -1.8% -16.4% -7.8% -45.5% -56.3% -86.2%
DE Oil and Gas 0.7% 6% 9.9% 15.5% 20.5% 68.3%
DE Market -0.2% -2.4% 4% -10.3% 11.2% 10.8%
1 Year Return vs Industry and Market
  • OCS1 underperformed the Oil and Gas industry which returned 15.5% over the past year.
  • OCS1 underperformed the Market in Germany which returned -10.3% over the past year.
Price Volatility
OCS1
Industry
5yr Volatility vs Market

OCS1 Value

 Is SOCO International 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 SOCO International 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 SOCO International.

DB:OCS1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.5%
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:OCS1
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.7%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.92
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.915 (1 + (1- 19%) (28.79%))
1.086
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.09
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.086 * 6.65%)
7.45%

Discounted Cash Flow Calculation for DB:OCS1 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for SOCO International 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:OCS1 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.45%)
2019 17.50 Analyst x2 16.29
2020 39.47 Analyst x3 34.18
2021 54.76 Analyst x3 44.14
2022 80.81 Analyst x2 60.62
2023 86.25 Analyst x1 60.22
2024 90.24 Est @ 4.63% 58.64
2025 93.23 Est @ 3.31% 56.38
2026 95.46 Est @ 2.39% 53.72
2027 97.12 Est @ 1.74% 50.86
2028 98.36 Est @ 1.29% 47.95
Present value of next 10 years cash flows $482.99
DB:OCS1 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $98.36 × (1 + 0.23%) ÷ (7.45% – 0.23%)
$1,365.00
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,365.00 ÷ (1 + 7.45%)10
$665.34
DB:OCS1 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $482.99 + $665.34
$1,148.32
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,148.32 / 394.62
$2.67
DB:OCS1 Discount to Share Price
Calculation Result
Exchange Rate USD/GBP
(Reporting currency to currency of LSE:SIA)
0.785
Value per Share
(GBP)
= Value per Share in USD x Exchange Rate (USD/GBP)
= $2.91 x 0.785
£2.29
Value per share (EUR) From above. €2.49
Current discount Discount to share price of €0.72
= -1 x (€0.72 - €2.49) / €2.49
71.1%

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

Current Discount
Amount off the current price SOCO International is available for.
Intrinsic value
>50%
Share price is €0.72 vs Future cash flow value of €2.49
Current Discount Checks
For SOCO International to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • SOCO International's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • SOCO International'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 SOCO International's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are SOCO International's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:OCS1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.07
LSE:SIA Share Price ** LSE (2019-05-20) in GBP £0.66
LSE:SIA Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.273 $0.84
Germany Oil and Gas Industry PE Ratio Median Figure of 5 Publicly-Listed Oil and Gas Companies 9.63x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 20.17x

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

** Primary Listing of SOCO International.

DB:OCS1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:SIA Share Price ÷ EPS (both in USD)

= 0.84 ÷ 0.07

11.52x

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

  • SOCO International is overvalued based on earnings compared to the DE Oil and Gas industry average.
  • SOCO International is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does SOCO International's expected growth come at a high price?
Raw Data
DB:OCS1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.52x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
11.6%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 59 Publicly-Listed Oil and Gas Companies 0.96x
Germany Market PEG Ratio Median Figure of 273 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

DB:OCS1 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.52x ÷ 11.6%

0.99x

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

  • SOCO International is good value based on expected growth next year.
Price based on value of assets
What value do investors place on SOCO International's assets?
Raw Data
DB:OCS1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $1.52
LSE:SIA Share Price * LSE (2019-05-20) in GBP £0.66
LSE:SIA Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.273 $0.84
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1.1x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.78x
DB:OCS1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:SIA Share Price ÷ Book Value per Share (both in USD)

= 0.84 ÷ 1.52

0.55x

* Primary Listing of SOCO International.

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

  • SOCO International is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess SOCO International'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. SOCO International 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.

OCS1 Future Performance

 How is SOCO International expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

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
11.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is SOCO International expected to grow at an attractive rate?
  • SOCO International's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • SOCO International's earnings growth is positive but not above the Germany market average.
  • SOCO International's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:OCS1 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:OCS1 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 11.6%
DB:OCS1 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 11.2%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 7.1%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.1%
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:OCS1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:OCS1 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 248 139 41 1
2022-12-31 292 151 37 2
2021-12-31 254 116 34 4
2020-12-31 252 129 20 6
2019-12-31 219 83 22 6
DB:OCS1 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 160 54 24
2018-09-30 160 49 -66
2018-06-30 161 43 -151
2018-03-31 152 44 -154
2017-12-31 143 45 -5
2017-09-30 143 51 -72
2017-06-30 142 57 7
2017-03-31 142 51 1
2016-12-31 141 46 -4
2016-09-30 141 49 -35
2016-06-30 147 51 -52
2016-03-31 173 66 -43

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • SOCO International's earnings are expected to grow by 11.6% yearly, however this is not considered high growth (20% yearly).
  • SOCO International's revenue is expected to grow by 11.2% yearly, however this is not considered high growth (20% yearly).
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:OCS1 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 6 Analyst Estimates (S&P Global) See Below

All data from SOCO International Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:OCS1 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 0.10 0.10 0.10 1.00
2022-12-31 0.09 0.09 0.09 1.00
2021-12-31 0.09 0.09 0.09 1.00
2020-12-31 0.07 0.09 0.05 3.00
2019-12-31 0.06 0.06 0.05 3.00
DB:OCS1 Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.07
2018-09-30 -0.20
2018-06-30 -0.46
2018-03-31 -0.47
2017-12-31 -0.02
2017-09-30 -0.22
2017-06-30 0.02
2017-03-31 0.00
2016-12-31 -0.01
2016-09-30 -0.11
2016-06-30 -0.16
2016-03-31 -0.13

*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.
  • SOCO International is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess SOCO International'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.
SOCO International has a total score of 2/6, 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.

OCS1 Past Performance

  How has SOCO International 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 SOCO International'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.
  • SOCO International's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • SOCO International has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • SOCO International has become profitable in the last year making it difficult to compare the Europe Oil and Gas industry average.
Earnings and Revenue History
SOCO International'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 SOCO International Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:OCS1 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 160.00 24.10 28.40
2018-09-30 160.35 -66.05 24.25
2018-06-30 160.70 -150.60 20.10
2018-03-31 151.65 -153.95 19.20
2017-12-31 142.60 -5.00 18.30
2017-09-30 142.50 -72.40 16.15
2017-06-30 142.40 6.90 14.00
2017-03-31 141.80 1.35 13.75
2016-12-31 141.20 -4.20 13.50
2016-09-30 141.05 -35.10 11.70
2016-06-30 147.40 -51.90 9.90
2016-03-31 172.60 -42.85 10.35
2015-12-31 197.80 -33.80 10.80
2015-09-30 258.10 -46.85 14.55
2015-06-30 318.40 -59.90 18.30
2015-03-31 383.30 -22.95 18.00
2014-12-31 448.20 14.00 17.70
2014-09-30 489.35 46.25 15.60
2014-06-30 530.50 78.50 13.50
2014-03-31 569.30 91.30 13.35
2013-12-31 608.10 104.10 13.20
2013-09-30 645.25 159.65 13.15
2013-06-30 682.40 215.20 13.10
2013-03-31 652.00 211.10 12.70
2012-12-31 621.60 207.00 12.30
2012-09-30 546.23 192.99 11.52
2012-06-30 470.86 178.99 10.75

*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.
  • SOCO International has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • SOCO International used its assets less efficiently than the DE Oil and Gas industry average last year based on Return on Assets.
  • SOCO International has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess SOCO International'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.
SOCO International has a total score of 1/6, 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.

OCS1 Health

 How is SOCO International'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 SOCO International's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • SOCO International is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • SOCO International's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of SOCO International'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.8x 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 SOCO International Company Filings, last reported 4 months ago.

DB:OCS1 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 500.80 95.60 240.10
2018-09-30 500.80 95.60 240.10
2018-06-30 476.00 0.00 128.80
2018-03-31 476.00 0.00 128.80
2017-12-31 494.60 0.00 137.70
2017-09-30 494.60 0.00 137.70
2017-06-30 829.60 0.00 132.00
2017-03-31 829.60 0.00 132.00
2016-12-31 671.20 0.00 100.30
2016-09-30 856.50 0.00 100.30
2016-06-30 871.40 0.00 80.60
2016-03-31 871.40 0.00 80.60
2015-12-31 892.50 0.00 103.60
2015-09-30 892.50 0.00 103.60
2015-06-30 932.40 0.00 96.60
2015-03-31 932.40 0.00 96.60
2014-12-31 975.10 0.00 166.40
2014-09-30 975.10 0.00 166.40
2014-06-30 1,160.40 0.00 284.00
2014-03-31 1,160.40 0.00 284.00
2013-12-31 1,080.80 0.00 210.00
2013-09-30 1,080.80 0.00 210.00
2013-06-30 1,282.80 0.00 361.30
2013-03-31 1,282.80 0.00 361.30
2012-12-31 1,176.60 47.20 258.50
2012-09-30 1,176.60 47.20 258.50
2012-06-30 1,163.22 46.42 224.37
  • SOCO International's level of debt (19.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 19.1% today).
  • Debt is well covered by operating cash flow (56.7%, greater than 20% of total debt).
  • SOCO International earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess SOCO International'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. SOCO International has a total score of 4/6, 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.

OCS1 Dividends

 What is SOCO International'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
8.32%
Current annual income from SOCO International dividends. Estimated to be 8.29% next year.
If you bought €2,000 of SOCO International shares you are expected to receive €166 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?
  • SOCO International's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.45%).
  • SOCO International's dividend is above the markets top 25% of dividend payers in Germany (3.81%).
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:OCS1 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 6 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 60 Stocks 5.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

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

DB:OCS1 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.07 1.00
2022-12-31 0.07 1.00
2021-12-31 0.07 3.00
2020-12-31 0.07 6.00
2019-12-31 0.07 6.00
DB:OCS1 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-04-04 0.070 7.831
2019-03-06 0.072 7.924
2018-05-22 0.066 6.258
2017-06-13 0.088 6.312
2016-09-21 0.048 2.835
2016-04-15 0.026 1.417
2016-03-17 0.028 1.269
2015-04-29 0.139 6.255

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

  • SOCO International has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • SOCO International has only been paying a dividend for 4 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of SOCO International's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.3x coverage).
X
Income/ dividend checks
We assess SOCO International'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 SOCO International afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. SOCO International has a total score of 3/6, see the detailed checks below.


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

OCS1 Management

 What is the CEO of SOCO International'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
Ed Story
COMPENSATION $2,262,000
AGE 75
CEO Bio

Mr. Edward T. Story, Jr., also known as Ed, is the Founder of SOCO International PLC and also serves as its Chief Executive Officer and President. Mr. Story also serves as Honorary Consul of Mongolia in Houston. He has over 50 years of experience in the international oil and gas industry. He served as President of the international subsidiary of Snyder Oil Corporation. He served as Vice President of International at Snyder Oil Corp. He was the Founder and served as the Chairman of Thaitex Petroleum Company from 1990 to 1991. He was Co-founder, Vice Chairman and Chief Financial Officer of Conquest Exploration Company from 1981 to 1990. He served as Vice President, Finance and Chief Financial Officer of Superior Oil Company from 1979 to 1981. Mr. Story held the positions of Exploration and Production Controller and Refining Controller of Exxon Corporation from 1975 to 1979. He held various positions in Esso Standard's international companies from 1966 to 1975. Mr. Story has been an Executive Director of Soco International PLC since April 1997. He has been Director of Hallwood Realty LLC, the General Partner of Hallwood Realty Partners, LP since June 1994. He serves as Director of Hallwood Realty Corporation. He serves as Director of Sen Hong Resources, an oil and gas company listed on the Hong Kong Stock Exchange. He serves as a Non-Executive and Independent Director of Cairn Energy India Pty Limited. He had been an Independent Non-Executive Director at Cairn India Limited since March 18, 2009. He has been Director of Vedanta Resources plc since June 1, 2017. Mr. Story served as an Independent Non-Executive Director of Cairn Energy PLC from 1997 to January 15, 2009. He served as a Director of Devon SFS Operating, Inc. since 1999, Hi-Lo Automotive, Inc., since January 1988 and Snyder Oil Corp. since 1996. He served as a Director of First Banks America, Inc. since 1987. He has a Bachelor of Science degree from the Trinity University, San Antonio, Texas and holds an MBA from the University of Texas. He has been conferred an Honorary Doctorate degree by the Institute of Finance and Economics of Mongolia. He held senior executive positions at various international oil and gas companies such as Snyder Oil Corporation, Conquest Exploration Company, Superior Oil Company, Exxon Corporation and Esso Standard Oil.

CEO Compensation
  • Ed's compensation has increased in line with SOCO International recently becoming profitable.
  • Ed's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the SOCO International management team in years:

1.5
Average Tenure
62
Average Age
  • The average tenure for the SOCO International management team is less than 2 years, this suggests a new team.
Management Team

Ed Story

TITLE
CEO, President & Executive Director
COMPENSATION
$2M
AGE
75

Mike Watts

TITLE
MD & Director
COMPENSATION
$2M
AGE
62
TENURE
1.5 yrs

Jann Brown

TITLE
MD, CFO & Director
COMPENSATION
$1M
AGE
62
TENURE
1.5 yrs

Antony Maris

TITLE
Chief Operating Officer
AGE
56
TENURE
6.4 yrs

Sharan Dhami

TITLE
Group Investor Relations Manager

Neil Gibson

TITLE
Manager of Group Reporting

Robert Harris

TITLE
Corporate Financial Controller

Tony Hunter

TITLE
Company Secretary
TENURE
1.5 yrs
Board of Directors Tenure

Average tenure and age of the SOCO International board of directors in years:

1.5
Average Tenure
62
Average Age
  • The average tenure for the SOCO International board of directors is less than 3 years, this suggests a new board.
Board of Directors

Rui C. Sousa

TITLE
Non-Executive Chairman
COMPENSATION
$254K
AGE
62
TENURE
12.4 yrs

Ed Story

TITLE
CEO, President & Executive Director
COMPENSATION
$2M
AGE
75
TENURE
22.1 yrs

Rob Gray

TITLE
Non-Executive Deputy Chairman & Senior Independent Director
COMPENSATION
$133K
AGE
64
TENURE
1.4 yrs

Mike Watts

TITLE
MD & Director
COMPENSATION
$2M
AGE
62
TENURE
1.5 yrs

Jann Brown

TITLE
MD, CFO & Director
COMPENSATION
$1M
AGE
62
TENURE
1.5 yrs

António Monteiro

TITLE
Independent Non-Executive Director
COMPENSATION
$77K
AGE
74
TENURE
9.9 yrs

John Martin

TITLE
Independent Non-Executive Director
COMPENSATION
$41K
AGE
68
TENURE
0.9 yrs

Ettore P. Contini

TITLE
Non-Executive Director
COMPENSATION
$67K
AGE
43
TENURE
17.4 yrs

Marianne Daryabegui

TITLE
Independent Non-Executive Director
AGE
53
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by SOCO International insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
26. Apr 19 Buy Janice Brown Individual 26. Apr 19 26. Apr 19 11,452 €0.87 €10,001
26. Apr 19 Buy Michael Watts Individual 26. Apr 19 26. Apr 19 11,452 €0.87 €10,001
26. Mar 19 Buy Janice Brown Individual 26. Mar 19 26. Mar 19 12,570 €0.80 €10,108
26. Mar 19 Buy Michael Watts Individual 26. Mar 19 26. Mar 19 12,570 €0.80 €10,108
26. Oct 18 Buy Michael Watts Individual 26. Oct 18 26. Oct 18 10,041 €0.97 €9,732
26. Oct 18 Buy Janice Brown Individual 26. Oct 18 26. Oct 18 10,041 €0.97 €9,732
27. Sep 18 Buy Janice Brown Individual 26. Sep 18 26. Sep 18 9,536 €1.02 €9,682
27. Sep 18 Buy Michael Watts Individual 26. Sep 18 26. Sep 18 9,536 €1.02 €9,682
24. Aug 18 Buy Janice Brown Individual 24. Aug 18 24. Aug 18 8,767 €1.09 €9,553
24. Aug 18 Buy Michael Watts Individual 24. Aug 18 24. Aug 18 8,767 €1.09 €9,553
26. Jul 18 Buy Michael Watts Individual 26. Jul 18 26. Jul 18 8,601 €1.13 €9,734
X
Management checks
We assess SOCO International'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. SOCO International 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.

OCS1 News

Simply Wall St News

OCS1 Company Info

Description

SOCO International plc engages in the exploration, development, and production of oil and gas properties. It has production, development, and exploration interests in Vietnam and Egypt. The company holds a 30.5% working interest in the Te Giac Trang Field of Block 16-1 located in the shallow water Cuu Long Basin, offshore southern Vietnam; a 25% working interest in the Ca Ngu Vang field of Block 9-2 situated in the shallow water Cuu Long Basin, offshore southern Vietnam; a 70% interest in the Blocks 125 & 126, located in the moderate to deep water Phu Khanh Basin, offshore central Vietnam; and a 100% working interest in the onshore El Fayum concession in the Western Desert, Egypt. SOCO International plc was founded in 1997 and is headquartered in London, the United Kingdom.

Details
Name: SOCO International plc
OCS1
Exchange: DB
Founded: 1997
£297,256,946
394,618,590
Website: http://www.socointernational.com
Address: SOCO International plc
48 Dover Street,
London,
Greater London, W1S 4FF,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE SIA Ordinary Shares London Stock Exchange GB GBP 29. May 1997
OTCPK SOCL.F Ordinary Shares Pink Sheets LLC US USD 29. May 1997
DB OCS1 Ordinary Shares Deutsche Boerse AG DE EUR 29. May 1997
BATS-CHIXE SIAL Ordinary Shares BATS 'Chi-X Europe' GB GBP 29. May 1997
Number of employees
Current staff
Staff numbers
24
SOCO International employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 21:34
End of day share price update: 2019/05/20 00:00
Last estimates confirmation: 2019/05/02
Last earnings filing: 2019/04/04
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.