AIM:AST

Stock Analysis Report

Executive Summary

Ascent Resources plc operates as an independent oil and gas exploration and production company in Slovenia.


Snowflake Analysis

Adequate balance sheet and overvalued.


Similar Companies

Share Price & News

How has Ascent Resources's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

10.5%

AST

9.6%

GB Oil and Gas

-2.4%

GB Market


1 Year Return

-96.3%

AST

-37.1%

GB Oil and Gas

-25.9%

GB Market

Return vs Industry: AST underperformed the UK Oil and Gas industry which returned -36.5% over the past year.

Return vs Market: AST underperformed the UK Market which returned -25.9% over the past year.


Shareholder returns

ASTIndustryMarket
7 Day10.5%9.6%-2.4%
30 Day-38.2%-15.9%-18.0%
90 Day-72.4%-36.5%-29.1%
1 Year-96.3%-96.3%-33.8%-37.1%-22.2%-25.9%
3 Year-98.9%-98.9%-14.3%-25.0%-16.0%-26.6%
5 Year-99.3%-99.3%1.6%-19.4%-4.5%-26.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Ascent Resources undervalued compared to its fair value and its price relative to the market?

0.016x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

PE vs Market: AST is unprofitable, so we can't compare its PE Ratio to the UK market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate AST's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: AST is good value based on its PB Ratio (0x) compared to the GB Oil and Gas industry average (0.4x).


Next Steps

Future Growth

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

15.3%

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 Ascent Resources 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 Ascent Resources performed over the past 5 years?

28.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AST is currently unprofitable.

Growing Profit Margin: AST is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: AST is unprofitable, but has reduced losses over the past 5 years at a rate of 28.2% per year.

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

Earnings vs Industry: AST is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (47.5%).


Return on Equity

High ROE: AST has a negative Return on Equity (-4.11%), as it is currently unprofitable.


Next Steps

Financial Health

How is Ascent Resources's financial position?


Financial Position Analysis

Short Term Liabilities: AST's short term assets (£644.0K) exceed its short term liabilities (£373.0K).

Long Term Liabilities: AST's short term assets (£644.0K) exceed its long term liabilities (£316.0K).


Debt to Equity History and Analysis

Debt Level: AST's debt to equity ratio (0.1%) is considered satisfactory.

Reducing Debt: AST's debt to equity ratio has reduced from 36.8% to 0.1% over the past 5 years.


Balance Sheet

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

Debt Coverage by Assets: AST's debt is covered by short term assets (assets are 13.7x debt).


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: Insufficient data to determine if AST has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if AST has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Ascent Resources's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

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


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

0.08yrs

Average board tenure


CEO

John Buggenhagen (50yo)

0.75

Tenure

Dr. John Edmund Buggenhagen, Ph.D., serves as Chief Executive Officer at Ascent Resources plc since July 29, 2019. Mr. Buggenhagen serves as Chief Operating Officer at Ascent Resources plc from January 14, ...


Board Members

NamePositionTenureCompensationOwnership
James Parsons
Executive Chairman0.083yrno datano data
John Buggenhagen
CEO, COO & Director0.75yrno datano data
Ewen Ainsworth
Independent Non-Executive Director0.083yrno datano data

0.08yrs

Average Tenure

50yo

Average Age

Experienced Board: AST's board of directors are not considered experienced ( 0.1 years average tenure), which suggests a new board.


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 6.8%.


Top Shareholders

Company Information

Ascent Resources plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Ascent Resources plc
  • Ticker: AST
  • Exchange: AIM
  • Founded: 2004
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: UK£1.068m
  • Shares outstanding: 40.67m
  • Website: https://www.ascentresources.co.uk

Number of Employees


Location

  • Ascent Resources plc
  • 5 New Street Square
  • London
  • Greater London
  • EC4A 3TW
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ASTAIM (London Stock Exchange AIM Market)ORD GBP0.002GBGBPNo data
ASTAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPNov 2004
ACTP.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDNov 2004
A2N1DB (Deutsche Boerse AG)YesOrdinary SharesDEEURNov 2004

Biography

Ascent Resources plc operates as an independent oil and gas exploration and production company in Slovenia. It principally holds a 75% interest in the Petišovci Tight gas project, which covers an area of 98 square kilometers located in north eastern Slovenia. The company was founded in 2004 and is headquartered in London, the United Kingdom. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/06 22:51
End of Day Share Price2020/04/06 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.