Coro Energy plc engages in the exploration, development, and production of oil and natural gas in Northern Italy.
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Mediocre balance sheet with weak fundamentals.
Share Price & News
How has Coro Energy's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CORO's share price has been volatile over the past 3 months.
7 Day Return
GB Oil and Gas
1 Year Return
GB Oil and Gas
Return vs Industry: CORO underperformed the UK Oil and Gas industry which returned -8.1% over the past year.
Return vs Market: CORO underperformed the UK Market which returned 6% over the past year.
Price Volatility Vs. Market
How volatile is Coro Energy's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StThose Who Purchased Coro Energy (LON:CORO) Shares A Year Ago Have A 19% Loss To Show For It
5 months ago | Simply Wall StWhat Kind Of Shareholder Owns Most Coro Energy plc (LON:CORO) Stock?
6 months ago | Simply Wall StOne Thing To Remember About The Coro Energy plc (LON:CORO) Share Price
Is Coro Energy undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate CORO's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate CORO's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: CORO is unprofitable, so we can't compare its PE Ratio to the Oil and Gas industry average.
PE vs Market: CORO 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 CORO's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CORO is overvalued based on its PB Ratio (1.3x) compared to the GB Oil and Gas industry average (0.7x).
How is Coro Energy forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CORO is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: CORO is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: CORO is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: CORO is forecast to have no revenue next year.
High Growth Revenue: CORO is forecast to have no revenue next year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if CORO's Return on Equity is forecast to be high in 3 years time
How has Coro Energy performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CORO is currently unprofitable.
Growing Profit Margin: CORO is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: CORO is unprofitable, and losses have increased over the past 5 years at a rate of -33.9% per year.
Accelerating Growth: Unable to compare CORO's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: CORO is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (26.8%).
Return on Equity
High ROE: CORO has a negative Return on Equity (-143.57%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
How is Coro Energy's financial position?
Financial Position Analysis
Short Term Liabilities: CORO's short term assets ($28.1M) exceed its short term liabilities ($14.6M).
Long Term Liabilities: CORO's short term assets ($28.1M) exceed its long term liabilities ($18.0M).
Debt to Equity History and Analysis
Debt Level: CORO's debt to equity ratio (188.6%) is considered high.
Reducing Debt: CORO had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Inventory Level: CORO has a low level of unsold assets or inventory.
Debt Coverage by Assets: CORO's debt is covered by short term assets (assets are 1.5x 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: CORO has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: CORO has less than a year of cash runway if free cash flow continues to reduce at historical rates of -56.3% each year
What is Coro Energy's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate CORO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate CORO'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 CORO's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CORO'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 CORO's dividend in 3 years as they are not forecast to pay a notable one for the UK market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
James Menzies (57yo)
Mr. James Graeme Menzies, B.SC (GEOLOGY), M.SC (GPP) has served as Chief Executive Officer of Coro Energy plc since May 1, 2018. He founded Salamander Energy Limited in 2004 and served as its Chief Executi ...
CEO Compensation Analysis
Compensation vs Market: James's total compensation ($USD537.28K) is above average for companies of similar size in the UK market ($USD323.15K).
Compensation vs Earnings: Insufficient data to compare James's compensation with company performance.
|CEO & Director||1.8yrs||US$495.00k||1.22% $118.3k|
|CFO & Director||0.9yrs||no data||0.54% $52.4k|
|Non Executive Director||2.2yrs||US$40.00k||no data|
|Independent Non-Executive Director||0.08yrs||no data||no data|
|Non Executive Chairman||2.2yrs||US$68.00k||0.22% $21.2k|
|Non Executive Director||2.2yrs||US$40.00k||no data|
Experienced Board: CORO's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 141.9%.
Coro Energy plc's company bio, employee growth, exchange listings and data sources
- Name: Coro Energy plc
- Ticker: CORO
- Exchange: AIM
- Founded: 2016
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Market Cap: UK£9.718m
- Shares outstanding: 793.32m
- Website: https://www.coroenergyplc.com
Number of Employees
- Coro Energy plc
- 4th Floor, 40 George Street
- Greater London
- W1U 7DW
- United Kingdom
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CORO||AIM (London Stock Exchange AIM Market)||Yes||Ordinary Shares||GB||GBP||Feb 2017|
Coro Energy plc engages in the exploration, development, and production of oil and natural gas in Northern Italy. The company has operations in Sillaro, Bezzecca, Rapagnano, Casa Tiberi, Laura, and Sant'Alberto, Italy; and Indonesia, Malaysia, Vietnam, and Phillipines, South East Asia. The company was formerly known as Saffron Energy Plc and changed its name to Coro Energy plc in April 2018. The company was incorporated in 2016 and is based in London, the United Kingdom.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/24 23:03|
|End of Day Share Price||2020/02/24 00:00|
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.