AIM:BPC

Stock Analysis Report

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Executive Summary

Bahamas Petroleum Company plc engages in the oil and gas exploration activities in the Commonwealth of the Bahamas. More Details


Snowflake Analysis

Excellent balance sheet and fair value.


Similar Companies

Share Price & News

How has Bahamas Petroleum's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BPC is more volatile than 90% of UK stocks over the past 3 months, typically moving +/- 23% a week.

Volatility Over Time: BPC's weekly volatility (23%) has been stable over the past year, but is still higher than 75% of UK stocks.


Market Performance


7 Day Return

-1.6%

BPC

3.2%

GB Oil and Gas

-0.2%

GB Market


1 Year Return

-89.2%

BPC

-6.8%

GB Oil and Gas

1.1%

GB Market

Return vs Industry: BPC underperformed the UK Oil and Gas industry which returned -6.8% over the past year.

Return vs Market: BPC underperformed the UK Market which returned 1.1% over the past year.


Shareholder returns

BPCIndustryMarket
7 Day-1.6%3.2%-0.2%
30 Day-76.2%10.3%3.6%
90 Day-81.1%13.3%4.2%
1 Year-89.2%-89.2%-1.7%-6.8%7.0%1.1%
3 Year-45.7%-45.7%1.0%-12.9%10.6%-2.7%
5 Year-73.6%-73.6%46.6%15.9%40.5%13.4%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Bahamas Petroleum undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BPC (£0.01) is trading below our estimate of fair value (£0.13)

Significantly Below Fair Value: BPC is trading below fair value by more than 20%.


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: BPC is good value based on its PB Ratio (0.2x) compared to the GB Oil and Gas industry average (1x).


Next Steps

Future Growth

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

122.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BPC is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1%).

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

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

Revenue vs Market: Insufficient data to determine if BPC's revenue is forecast to grow faster than the UK market.

High Growth Revenue: Insufficient data to determine if BPC's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has Bahamas Petroleum performed over the past 5 years?

5.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BPC is currently unprofitable.

Growing Profit Margin: BPC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BPC is unprofitable, but has reduced losses over the past 5 years at a rate of 5.9% per year.

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

Earnings vs Industry: BPC is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-47%).


Return on Equity

High ROE: BPC has a negative Return on Equity (-8.32%), as it is currently unprofitable.


Next Steps

Financial Health

How is Bahamas Petroleum's financial position?


Financial Position Analysis

Short Term Liabilities: BPC's short term assets ($12.9M) exceed its short term liabilities ($3.4M).

Long Term Liabilities: BPC's short term assets ($12.9M) exceed its long term liabilities ($24.6K).


Debt to Equity History and Analysis

Debt Level: BPC is debt free.

Reducing Debt: BPC has not had any debt for 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: BPC has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: BPC has less than a year of cash runway if free cash flow continues to grow at historical rates of 5.2% each year.


Next Steps

Dividend

What is Bahamas Petroleum current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

7.9yrs

Average board tenure


CEO

Simon Potter (62 yo)

9.42yrs

Tenure

US$394,941

Compensation

Mr. Simon Craig Potter, B.Sc. (Geology), M.Sc. has been the Chief Executive Officer of Bahamas Petroleum Company PLC since October 17, 2011. Mr. Potter served as the Chief Executive Officer and Managing Di...


CEO Compensation Analysis

Compensation vs Market: Simon's total compensation ($USD394.94K) is about average for companies of similar size in the UK market ($USD335.50K).

Compensation vs Earnings: Simon's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Simon Potter
CEO & Director9.42yrsUS$394.94k0.099%
$ 26.4k
Adrian John Collins
Non-Executive Director9.42yrsUS$68.07k0.055%
$ 14.5k
Ross McDonald
Non-Executive Director8.92yrsUS$55.11k0.051%
$ 13.6k
William Schrader
Non-Executive Chairman6.92yrsUS$84.39k0.076%
$ 20.3k
James Smith
Non-Executive Deputy Chairman6.92yrsUS$54.97k0.046%
$ 12.2k
Peter Cannell
Alternate Director0.67yrno datano data

7.9yrs

Average Tenure

66yo

Average Age

Experienced Board: BPC's board of directors are considered experienced (7.9 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 126.7%.


Top Shareholders

Company Information

Bahamas Petroleum Company plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bahamas Petroleum Company plc
  • Ticker: BPC
  • Exchange: AIM
  • Founded: 2005
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: UK£26.612m
  • Shares outstanding: 4.84b
  • Website: https://www.bpcplc.com

Location

  • Bahamas Petroleum Company plc
  • IOMA House
  • Hope Street
  • Douglas
  • IM1 1AP
  • Isle of Man

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BPCAIM (London Stock Exchange AIM Market)YesNew Ordinary SharesGBGBPNov 2005
BPVDB (Deutsche Boerse AG)YesNew Ordinary SharesDEEURNov 2005
BSHP.FOTCPK (Pink Sheets LLC)YesNew Ordinary SharesUSUSDNov 2005

Biography

Bahamas Petroleum Company plc engages in the oil and gas exploration activities in the Commonwealth of the Bahamas. Bahamas Petroleum Company plc was founded in 2005 and is headquartered in Douglas, the Un...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/03 18:33
End of Day Share Price2021/03/03 00:00
Earnings2020/06/30
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.