AIM:CASP

Stock Analysis Report

Executive Summary

Caspian Sunrise plc engages in the exploration and production of crude oil in Central Asia.


Snowflake Analysis

Mediocre balance sheet with weak fundamentals.

Share Price & News

How has Caspian Sunrise's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-6.7%

CASP

15.3%

GB Oil and Gas

5.9%

GB Market


1 Year Return

-57.8%

CASP

-42.8%

GB Oil and Gas

-22.7%

GB Market

Return vs Industry: CASP underperformed the UK Oil and Gas industry which returned -37.5% over the past year.

Return vs Market: CASP underperformed the UK Market which returned -18.8% over the past year.


Shareholder returns

CASPIndustryMarket
7 Day-6.7%15.3%5.9%
30 Day-60.2%-33.7%-23.1%
90 Day-68.9%-42.4%-28.1%
1 Year-57.8%-57.8%-39.9%-42.8%-18.6%-22.7%
3 Year-77.2%-77.2%-21.8%-31.7%-13.4%-24.7%
5 Year-82.0%-82.0%-4.1%-24.0%1.3%-22.0%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Caspian Sunrise undervalued compared to its fair value and its price relative to the market?

0.97x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: CASP is overvalued based on its PB Ratio (1x) compared to the GB Oil and Gas industry average (0.4x).


Next Steps

Future Growth

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

16.4%

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 Caspian Sunrise 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 Caspian Sunrise performed over the past 5 years?

-30.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CASP is currently unprofitable.

Growing Profit Margin: CASP is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CASP is unprofitable, and losses have increased over the past 5 years at a rate of -30.1% per year.

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

Earnings vs Industry: CASP is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (38.2%).


Return on Equity

High ROE: CASP has a negative Return on Equity (-11.43%), as it is currently unprofitable.


Next Steps

Financial Health

How is Caspian Sunrise's financial position?


Financial Position Analysis

Short Term Liabilities: CASP's short term assets ($1.8M) do not cover its short term liabilities ($17.6M).

Long Term Liabilities: CASP's short term assets ($1.8M) do not cover its long term liabilities ($18.8M).


Debt to Equity History and Analysis

Debt Level: CASP's debt to equity ratio (7.2%) is considered satisfactory.

Reducing Debt: CASP's debt to equity ratio has reduced from 11.6% to 7.2% over the past 5 years.


Balance Sheet

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

Debt Coverage by Assets: CASP's debt is not covered by short term assets (assets are 0.5x 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: CASP has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: CASP has less than a year of cash runway if free cash flow continues to grow at historical rates of 24.9% each year.


Next Steps

Dividend

What is Caspian Sunrise's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

11.7yrs

Average board tenure


CEO

Kuat Oraziman (54yo)

7.75s

Tenure

US$122,330

Compensation

Mr. Kuat Rafikuly Oraziman has been Chief Executive Officer of Caspian Sunrise PLC since June 1, 2012 and has been its Executive Director since 2008. Mr. Oraziman has been a Director of ADA OIL LLP since 1 ...


CEO Compensation Analysis

Compensation vs Market: Kuat's total compensation ($USD122.33K) is below average for companies of similar size in the UK market ($USD330.32K).

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


Board Members

NamePositionTenureCompensationOwnership
Clive Carver
Executive Chairman13.42yrsUS$336.14kno data
Kuat Oraziman
CEO & Executive Director7.75yrsUS$122.33k39.83% $18.2m
Edmund Limerick
Non-Executive Director10.08yrsUS$60.67k0.34% $155.9k
Timothy Field
Non-Executive Director1.17yrsno datano data

11.7yrs

Average Tenure

54.5yo

Average Age

Experienced Board: CASP's board of directors are seasoned and experienced ( 11.7 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Caspian Sunrise plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Caspian Sunrise plc
  • Ticker: CASP
  • Exchange: AIM
  • Founded: 2006
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: UK£45.655m
  • Shares outstanding: 1.88b
  • Website: https://www.caspiansunrise.com

Number of Employees


Location

  • Caspian Sunrise plc
  • 5 New Street Square
  • London
  • Greater London
  • EC4A 3TW
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CASPAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPMay 2007
RO1DB (Deutsche Boerse AG)YesOrdinary SharesDEEURMay 2007
ROXI.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDMay 2007

Biography

Caspian Sunrise plc engages in the exploration and production of crude oil in Central Asia. The company has a 99% interest in its principal asset, the BNG Contract Area, which covers an area of 1,702 square kilometers located in the Mangistau Oblast in the west of Kazakhstan. The company was formerly known as Roxi Petroleum Plc and changed its name to Caspian Sunrise plc in March 2017. Caspian Sunrise plc was founded in 2006 and is based 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 Analysis2020/03/27 21:57
End of Day Share Price2020/03/27 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.