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CHAR

Chariot AIM:CHAR Stock Report

Last Price

UK£0.18

Market Cap

UK£196.4m

7D

4.2%

1Y

256.9%

Updated

03 Jul, 2022

Data

Company Financials +
CHAR fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

CHAR Stock Overview

Chariot Limited, together with its subsidiaries, engages in the oil and gas exploration and appraisal activities.

Chariot Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Chariot
Historical stock prices
Current Share PriceUK£0.18
52 Week HighUK£0.27
52 Week LowUK£0.05
Beta1.22
1 Month Change-12.14%
3 Month Change-19.08%
1 Year Change256.87%
3 Year Change304.61%
5 Year Change53.75%
Change since IPO-87.90%

Recent News & Updates

May 03
Chariot Limited (LON:CHAR) Shares Could Be 22% Below Their Intrinsic Value Estimate

Chariot Limited (LON:CHAR) Shares Could Be 22% Below Their Intrinsic Value Estimate

Does the May share price for Chariot Limited ( LON:CHAR ) reflect what it's really worth? Today, we will estimate the...

Shareholder Returns

CHARGB Oil and GasGB Market
7D4.2%0.6%-1.1%
1Y256.9%1.9%-9.7%

Return vs Industry: CHAR exceeded the UK Oil and Gas industry which returned 1.9% over the past year.

Return vs Market: CHAR exceeded the UK Market which returned -9.7% over the past year.

Price Volatility

Is CHAR's price volatile compared to industry and market?
CHAR volatility
CHAR Average Weekly Movement13.0%
Oil and Gas Industry Average Movement8.6%
Market Average Movement5.4%
10% most volatile stocks in GB Market10.6%
10% least volatile stocks in GB Market2.8%

Stable Share Price: CHAR is more volatile than 90% of UK stocks over the past 3 months, typically moving +/- 13% a week.

Volatility Over Time: CHAR's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of UK stocks.

About the Company

FoundedEmployeesCEOWebsite
2007n/aAdonis Pouroulishttps://www.chariotenergygroup.com

Chariot Limited, together with its subsidiaries, engages in the oil and gas exploration and appraisal activities. The company operates through Transactional Gas and Transactional Power segments. The company holds interests in the Rissana offshore license that covers an area of approximately 8,489 square kilometers; and Lixus license comprising an area of approximately 2,390 square kilometers in Morocco.

Chariot Fundamentals Summary

How do Chariot's earnings and revenue compare to its market cap?
CHAR fundamental statistics
Market CapUS$236.27m
Earnings (TTM)-US$6.96m
Revenue (TTM)n/a

0.0x

P/S Ratio

-34.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CHAR income statement (TTM)
RevenueUS$0
Cost of RevenueUS$0
Gross ProfitUS$0
Other ExpensesUS$6.96m
Earnings-US$6.96m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0065
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0%

How did CHAR perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is CHAR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CHAR?

Other financial metrics that can be useful for relative valuation.

CHAR key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDA-34.2x
PEG Ration/a

Price to Book Ratio vs Peers

How does CHAR's PB Ratio compare to its peers?

CHAR PB Ratio vs Peers
The above table shows the PB ratio for CHAR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average54.5x
PGR Phoenix Global Resources
208.1xn/aUK£178.3m
HUR Hurricane Energy
2x38.5%UK£146.2m
I3E i3 Energy
2.2xn/aUK£304.7m
KIST Kistos
5.6x11.5%UK£339.7m
CHAR Chariot
6.1xn/aUK£196.4m

Price-To-Book vs Peers: CHAR is good value based on its Price-To-Book Ratio (6.1x) compared to the peer average (54.5x).


Price to Earnings Ratio vs Industry

How does CHAR's PE Ratio compare vs other companies in the GB Oil and Gas Industry?

Price-To-Book vs Industry: CHAR is expensive based on its Price-To-Book Ratio (6.1x) compared to the UK Oil and Gas industry average (0.8x)


Price to Book Ratio vs Fair Ratio

What is CHAR's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CHAR PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio6.1x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate CHAR's Price-To-Book Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of CHAR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CHAR (£0.18) is trading below our estimate of fair value (£0.32)

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


Price to Earnings Growth Ratio

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


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


0.4%

Forecasted Energy industry annual growth in earnings

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if CHAR's forecast earnings growth is above the savings rate (0.9%).

Earnings vs Market: Insufficient data to determine if CHAR's earnings are forecast to grow faster than the UK market

High Growth Earnings: Insufficient data to determine if CHAR's earnings are expected to grow significantly over the next 3 years.

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

High Growth Revenue: CHAR is forecast to have no revenue next year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Discover growth companies

Past Performance

How has Chariot performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


2.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CHAR is currently unprofitable.

Growing Profit Margin: CHAR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CHAR is unprofitable, but has reduced losses over the past 5 years at a rate of 2.5% per year.

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

Earnings vs Industry: CHAR is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (377.8%).


Return on Equity

High ROE: CHAR has a negative Return on Equity (-17.86%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Chariot's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: CHAR's short term assets ($21.8M) exceed its short term liabilities ($15.8M).

Long Term Liabilities: CHAR has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: CHAR is debt free.

Reducing Debt: CHAR 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: CHAR has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: CHAR has sufficient cash runway for 1.6 years if free cash flow continues to grow at historical rates of 12.1% each year.


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Dividend

What is Chariot current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


11.26%

Forecast Dividend Yield

Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if CHAR's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as CHAR has not reported any payouts.


Discover strong dividend paying companies

Management

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

2.0yrs

Average management tenure


CEO

Adonis Pouroulis (52 yo)

2yrs

Tenure

US$518,000

Compensation

Mr. Adonis Pouroulis, B.Sc., Eng., serves as Acting Chief Executive Officer at Chariot Limited since July 21, 2020. He serves as Non-Executive Chairman at Golden Rim Resources Limited since January 16, 202...


CEO Compensation Analysis

Compensation vs Market: Adonis's total compensation ($USD518.00K) is about average for companies of similar size in the UK market ($USD717.34K).

Compensation vs Earnings: Adonis's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: CHAR's management team is considered experienced (2 years average tenure).


Board Members

Experienced Board: CHAR's board of directors are considered experienced (3.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: CHAR 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 67.4%.


Top Shareholders

Company Information

Chariot Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Chariot Limited
  • Ticker: CHAR
  • Exchange: AIM
  • Founded: 2007
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Implied Market Cap: UK£196.398m
  • Shares outstanding: 1.06b
  • Website: https://www.chariotenergygroup.com

Location

  • Chariot Limited
  • Oak House
  • Hirzel Street
  • Saint Peter Port
  • GY1 2NP
  • Guernsey

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/03 00:00
End of Day Share Price2022/07/01 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.