DB:XIC

Stock Analysis Report

AB Klaipedos nafta

Executive Summary

AB Klaipedos nafta engages in the operation of oil terminal, oil products transshipment, and other related activities primarily in Lithuania.

Rewards

Trading at 5.9% below its fair value

Earnings are forecast to grow 55.14% per year

Risk Analysis

Interest payments are not well covered by earnings

Dividend of 7.65% is not well covered by earnings



Snowflake Analysis

Moderate growth potential second-rate dividend payer.

Share Price & News

How has AB Klaipedos nafta's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: XIC has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

5.3%

XIC

2.8%

DE Oil and Gas

0.5%

DE Market


1 Year Return

-4.1%

XIC

81.3%

DE Oil and Gas

15.9%

DE Market

Return vs Industry: XIC underperformed the German Oil and Gas industry which returned 48.3% over the past year.

Return vs Market: XIC underperformed the German Market which returned 17.1% over the past year.


Shareholder returns

XICIndustryMarket
7 Day5.3%2.8%0.5%
30 Day3.3%2.6%1.7%
90 Day6.2%35.7%6.1%
1 Year3.4%-4.1%87.5%81.3%19.6%15.9%
3 Year-12.2%-29.6%29.5%18.6%17.7%7.3%
5 Year62.5%17.2%328.7%261.8%28.7%11.1%

Price Volatility Vs. Market

How volatile is AB Klaipedos nafta's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is AB Klaipedos nafta undervalued compared to its fair value and its price relative to the market?

1.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: XIC (€0.36) is trading below our estimate of fair value (€0.38)

Significantly Below Fair Value: XIC is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: XIC is good value based on its PB Ratio (0.8x) compared to the DE Oil and Gas industry average (1.1x).


Next Steps

Future Growth

How is AB Klaipedos nafta forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

55.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: XIC is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (-0.4%).

Earnings vs Market: XIC is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: XIC's is expected to become profitable in the next 3 years.

Revenue vs Market: XIC's revenue (4.4% per year) is forecast to grow slower than the German market (4.8% per year).

High Growth Revenue: XIC's revenue (4.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: XIC's Return on Equity is forecast to be low in 3 years time (7.9%).


Next Steps

Past Performance

How has AB Klaipedos nafta performed over the past 5 years?

-11.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: XIC is currently unprofitable.

Growing Profit Margin: XIC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: XIC is unprofitable, and losses have increased over the past 5 years at a rate of -11.8% per year.

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

Earnings vs Industry: XIC 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: XIC has a negative Return on Equity (-1.17%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is AB Klaipedos nafta's financial position?


Financial Position Analysis

Short Term Liabilities: XIC's short term assets (€77.6M) exceed its short term liabilities (€66.6M).

Long Term Liabilities: XIC's short term assets (€77.6M) do not cover its long term liabilities (€290.6M).


Debt to Equity History and Analysis

Debt Level: XIC's debt to equity ratio (41.3%) is considered high.

Reducing Debt: XIC's debt to equity ratio has increased from 8.8% to 41.3% over the past 5 years.

Debt Coverage: XIC's debt is well covered by operating cash flow (64.7%).

Interest Coverage: XIC is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet

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

Debt Coverage by Assets: XIC's debt is covered by short term assets (assets are 1x debt).


Next Steps

Dividend

What is AB Klaipedos nafta's current dividend yield, its reliability and sustainability?

7.33%

Current Dividend Yield


Dividend Yield vs Market

company7.3%marketbottom25%1.4%markettop25%3.5%industryaverage5.7%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: XIC's dividend (7.65%) is higher than the bottom 25% of dividend payers in the German market (1.38%).

High Dividend: XIC's dividend (7.65%) is in the top 25% of dividend payers in the German market (3.53%)


Stability and Growth of Payments

Stable Dividend: XIC's dividend payments have been volatile in the past 10 years.

Growing Dividend: XIC's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: XIC is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of AB Klaipedos nafta's salary, the management and board of directors tenure and is there insider trading?

4.3yrs

Average management tenure


CEO

Darius Silenskis (38yo)

0.5yrs

Tenure

0

Mr. Darius Silenskis has been Chief Executive Officer of AB Klaipedos nafta since November 11, 2019. Mr. Silenskis served as Acting General Manager of AB Klaipedos nafta since July 27, 2019. Mr. Silenskis  ...


Management Age and Tenure

4.3yrs

Average Tenure

39yo

Average Age

Experienced Management: XIC's management team is considered experienced (4.3 years average tenure).


Board Age and Tenure

2.3yrs

Average Tenure

48yo

Average Age

Experienced Board: XIC's board of directors are not considered experienced ( 2.3 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

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


Management Team

  • Rasa Tamaliunaite

    Chief Accountant

    • Rytis Valunas (34yo)

      Chief Administrative Officer & General Counsel

      • Tenure: 7.3yrs
    • Genadijus Andrejevas (45yo)

      Technical Director

      • Tenure: 4.3yrs
    • Darius Silenskis (38yo)

      Chief Executive Officer

      • Tenure: 0.5yrs
    • Jonas Lenkšas (40yo)

      Chief Financial Officer


      Board Members

      • Eimantas Kiudulas (49yo)

        Chairman of the Supervisory Board

        • Tenure: 1.7yrs
      • Mantas Bartuška (35yo)

        Director

        • Tenure: 5.3yrs
      • Dainius Bražiunas (36yo)

        Director

        • Tenure: 5.5yrs
      • Giedrius Dusevicius (48yo)

        Independent Chairman of the Board

        • Tenure: 1.7yrs
      • Bjarke Pålsson (51yo)

        Independent Director

        • Tenure: 3yrs
      • Andrius Varanavicius

        Member of the Supervisory Board

        • Ian Bradshaw

          Independent Director

          • Tenure: 1yrs

        Company Information

        AB Klaipedos nafta's company bio, employee growth, exchange listings and data sources


        Key Information

        • Name: AB Klaipedos nafta
        • Ticker: XIC
        • Exchange: DB
        • Founded: 1994
        • Industry: Oil and Gas Storage and Transportation
        • Sector: Energy
        • Market Cap: €155.069m
        • Shares outstanding: 379.14m
        • Website: https://www.kn.lt

        Number of Employees


        Location

        • AB Klaipedos nafta
        • Buriu Street 19
        • Klaipeda
        • 91003
        • Lithuania

        Listings

        TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
        KNF1LNSEL (OMX Nordic Exchange Vilnius)YesOrdinary SharesLTEURSep 1998
        XICDB (Deutsche Boerse AG)YesOrdinary SharesDEEURSep 1998
        0J1KLSE (London Stock Exchange)YesOrdinary SharesGBEURSep 1998

        Biography

        AB Klaipedos nafta engages in the operation of oil terminal, oil products transshipment, and other related activities primarily in Lithuania. It operates through KNF, SGD, SNT, and GDP segments. The company also operates liquefied natural gas terminals. It transships oil products, including diesel fuel of various types, gasoline of various types, jet fuel, fuel oil of various types, technological fuel, vacuum gas oil, and crude oil products; reloads crude oil and oil products into road tankers; and accumulates and stores crude oil and oil products. The company also engages in the collection of waste water from sea vessels; mooring of sea vessels; assessment of quality parameters of oil products; provision of technology for adding chemical products into oil products; blending of heavy and light oil products; and supply of fuel and water to sea vessels. In addition, it stores and handles oil products; and adds bio-additives and marks substances to oil products. The company was founded in 1994 and is based in Klaipeda, Lithuania. 


        Company Analysis and Financial Data Status

        All financial data provided by Standard & Poor's Capital IQ.
        DataLast Updated (UTC time)
        Company Analysis2020/01/21 22:03
        End of Day Share Price2020/01/21 00:00
        Earnings2019/09/30
        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.