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Coro Energy

AIM:CORO
Snowflake Description

Flawless balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CORO
AIM
£18M
Market Cap
  1. Home
  2. GB
  3. Energy
Company description

Coro Energy plc engages in the exploration and production of natural gas in Northern Italy. The last earnings update was 225 days ago. More info.


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CORO Share Price and Events
7 Day Returns
16.7%
AIM:CORO
0.7%
GB Oil and Gas
1%
GB Market
1 Year Returns
-39.5%
AIM:CORO
19%
GB Oil and Gas
1.6%
GB Market
CORO Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Coro Energy (CORO) 16.7% 19.5% 3.2% -39.5% - -
GB Oil and Gas 0.7% 5.4% 9.3% 19% 52.6% -2.7%
GB Market 1% 2.3% 8.6% 1.6% 14% 5.9%
1 Year Return vs Industry and Market
  • CORO underperformed the Oil and Gas industry which returned 19% over the past year.
  • CORO underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 1.6% over the past year.
Price Volatility
CORO
Industry
5yr Volatility vs Market

Value

 Is Coro Energy undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Coro Energy. This is due to cash flow or dividend data being unavailable. The share price is £0.0245.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Coro Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Coro Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:CORO PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in EUR €-0.03
AIM:CORO Share Price ** AIM (2019-04-18) in GBP £0.02
AIM:CORO Share Price converted to EUR reporting currency Exchange rate (GBP/ EUR) 1.157 €0.03
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry PE Ratio Median Figure of 31 Publicly-Listed Oil and Gas Companies 9.81x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 795 Publicly-Listed Companies 16.28x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Coro Energy.

AIM:CORO PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AIM:CORO Share Price ÷ EPS (both in EUR)

= 0.03 ÷ -0.03

-1.01x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Coro Energy is loss making, we can't compare its value to the GB Oil and Gas industry average.
  • Coro Energy is loss making, we can't compare the value of its earnings to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Coro Energy's expected growth come at a high price?
Raw Data
AIM:CORO PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.01x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry PEG Ratio Median Figure of 18 Publicly-Listed Oil and Gas Companies 0.48x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 563 Publicly-Listed Companies 1.49x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Coro Energy, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Coro Energy's assets?
Raw Data
AIM:CORO PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in EUR €0.03
AIM:CORO Share Price * AIM (2019-04-18) in GBP £0.02
AIM:CORO Share Price converted to EUR reporting currency Exchange rate (GBP/ EUR) 1.157 €0.03
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry PB Ratio Median Figure of 102 Publicly-Listed Oil and Gas Companies 0.85x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,365 Publicly-Listed Companies 1.52x
AIM:CORO PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AIM:CORO Share Price ÷ Book Value per Share (both in EUR)

= 0.03 ÷ 0.03

0.91x

* Primary Listing of Coro Energy.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Coro Energy is overvalued based on assets compared to the GB Oil and Gas industry average.
X
Value checks
We assess Coro Energy's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Coro Energy has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Coro Energy expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Coro Energy 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
14.4%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Coro Energy expected to grow at an attractive rate?
  • Unable to compare Coro Energy's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Coro Energy's earnings growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
  • Unable to compare Coro Energy's revenue growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
AIM:CORO Future Growth Rates Data Sources
Data Point Source Value (per year)
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 14.4%
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 3.1%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 11.1%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
AIM:CORO Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:CORO Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-06-30 2 -4 -8
2018-03-31 2 -3 -8
2017-12-31 1 -2 -7
2017-09-30 1 -1 -6
2017-06-30 1 -1 -6
2017-03-31 1 -1 -6
2016-12-31 1 -2 -6
2015-12-31 2 0 -4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Coro Energy is high growth as no earnings estimate data is available.
  • Unable to determine if Coro Energy is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
AIM:CORO Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Coro Energy Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:CORO Past Financials Data
Date (Data in EUR Millions) EPS *
2018-06-30 -0.03
2018-03-31 -0.03
2017-12-31 -0.05
2017-09-30 -0.03
2017-06-30 -0.04
2017-03-31 -0.04
2016-12-31 -0.85
2015-12-31 -209.47

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Coro Energy will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Coro Energy's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Coro Energy's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Energy companies here
  3. Coro Energy's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
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Future performance checks
We assess Coro Energy's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Coro Energy has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Coro Energy performed over the past 5 years?

  • Coro Energy's last earnings update was 225 days ago.
The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Coro Energy's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Coro Energy does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Coro Energy's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Coro Energy's 1-year growth to the GB Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Coro Energy's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Coro Energy Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:CORO Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 1.95 -8.49 3.31
2018-03-31 1.67 -7.76 2.64
2017-12-31 1.39 -7.03 1.98
2017-09-30 1.16 -6.33 1.78
2017-06-30 0.93 -5.64 1.65
2017-03-31 0.82 -5.80 1.49
2016-12-31 0.70 -5.97 1.33
2015-12-31 1.70 -4.03 1.67
2014-12-31 3.37 -0.17 1.56
2013-12-31 4.63 -5.05 2.11

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Coro Energy has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Coro Energy has efficiently used its assets last year compared to the GB Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Coro Energy improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Coro Energy's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Coro Energy has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Coro Energy's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Coro Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Coro Energy is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Coro Energy's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Coro Energy's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Coro Energy has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Coro Energy Company Filings, last reported 9 months ago.

AIM:CORO Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 22.36 0.00 14.14
2018-03-31 22.36 0.00 14.14
2017-12-31 0.46 0.00 0.37
2017-09-30 0.46 0.00 0.37
2017-06-30 5.18 0.39 0.52
2017-03-31 5.18 0.39 0.52
2016-12-31 2.72 1.79 0.11
2015-12-31 -6.20 11.61 2.41
2014-12-31 -2.17 11.57 1.43
2013-12-31 -2.01 11.98 1.10
  • Coro Energy has no debt.
  • Coro Energy currently has no debt however we can't compare to 5 years ago as we have no data for that period.
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.

  • Coro Energy has sufficient cash runway for 2.9 years based on current free cash flow.
  • Coro Energy has sufficient cash runway for 2.2 years if free cash flow continues to grow at historical rates of 50.9% each year.
X
Financial health checks
We assess Coro Energy's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Coro Energy has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Coro Energy's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Coro Energy dividends.
If you bought £2,000 of Coro Energy shares you are expected to receive £0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Coro Energy's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Coro Energy's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
AIM:CORO Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 4.7%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Coro Energy has not reported any payouts.
  • Unable to verify if Coro Energy's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Coro Energy's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Coro Energy has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Coro Energy's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Coro Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Coro Energy has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Coro Energy's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
James Menzies
AGE 56
TENURE AS CEO 0.9 years
CEO Bio

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 Executive Officer until March 2, 2015. As a qualified Geophysicist, he has 32 years of experience within the oil and gas industry both as a technical practitioner and as a Senior Executive and has a broad range of industrial and corporate experience. After a period as a geophysicist at Schlumberger and ERC, Mr. Menzies spent eleven years at LASMO pic holding a variety of posts including senior geophysicist in Vietnam, Chief Geophysicist in Indonesia, head of corporate development and head of strategy and corporate affairs. He spent four years as the Senior Partner at Lambert Energy Advisory prior to the founding of Salamander. He served as Executive Director of Salamander Energy Limited (also known as Salamander Energy plc) since November 3, 2006 until March 2, 2015. He was the Senior Partner in Lambert Energy Advisory, an upstream oil and gas corporate finance advisory business. He served as Executive Chairman and Director of Tap Oil Limited from December 15, 2016 and May 27, 2016 to January 31, 2018 respectively. Mr. Menzies has been Non-Executive Director of Trinity Exploration & Production plc since June 23, 2017. He serves as a Director of Guinness Oil & Gas Exploration Trust PLC. He served as a Director of Salamander Energy Group Limited, Salamander Energy (HoldCo) Limited, Ophir Indonesia (Kutai) Limited, Ophir (Indonesia South East Sangatta) Limited, Salamander Energy (JS) Limited, Ophir Indonesia (South Sokang) Limited, Ophir Indonesia (Simenggaris) Limited, Ophir Indonesia (Bontang II) Limited, Salamander Energy (Bengara) Limited, Salamander Energy (Vietnam) Limited, Ophir Energy Indonesia Limited, Salamander Energy (S.A. Asia) Limited, Ophir Thailand (E&P) Limited, Salamander Energy (Bualuang Holdings) Limited, Salamander Energy (Glagah Kambuna Holdings) Limited, Salamander Energy (Philippines) Limited and Transunion Petroleum Limited. He holds a BSc (Hons) in Geology from University of London and an MSc in Geophysics and Planetary Physics from the University of Newcastle Upon Tyne.

CEO Compensation
  • Insufficient data for James to compare compensation growth.
  • Insufficient data for James to establish whether their remuneration is reasonable compared to companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team

James Menzies

TITLE
CEO & Director
AGE
56
TENURE
0.9 yrs

Andy Dennan

TITLE
CFO & Director
AGE
33
TENURE
1.3 yrs

Leonardo Salvadori

TITLE
Managing Director of the Sound Energy Italian business unit
Board of Directors Tenure

Average tenure and age of the Coro Energy board of directors in years:

1.3
Average Tenure
48
Average Age
  • The average tenure for the Coro Energy board of directors is less than 3 years, this suggests a new board.
Board of Directors

James Parsons

TITLE
Non Executive Chairman
COMPENSATION
€2K
AGE
45
TENURE
1.3 yrs

James Menzies

TITLE
CEO & Director
AGE
56
TENURE
0.9 yrs

Andy Dennan

TITLE
CFO & Director
AGE
33
TENURE
0.2 yrs

MacAulay Barkham

TITLE
Non Executive Director
COMPENSATION
€1K
AGE
55
TENURE
1.3 yrs

Marco Fumagalli

TITLE
Non Executive Director
COMPENSATION
€1K
AGE
48
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Coro Energy insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
11. Feb 19 Buy James Parsons Individual 11. Feb 19 11. Feb 19 599,802 £0.03 £14,995
11. Feb 19 Buy James Menzies Individual 11. Feb 19 11. Feb 19 1,137,817 £0.03 £28,445
05. Sep 18 Buy James Menzies Individual 05. Sep 18 05. Sep 18 712,576 £0.04 £29,999
31. May 18 Buy James Menzies Individual 31. May 18 31. May 18 1,000,000 £0.03 £31,750
X
Management checks
We assess Coro Energy's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Coro Energy has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

What You Must Know About Coro Energy plc's (LON:CORO) Financial Strength

Zero-debt allows substantial financial flexibility, especially for small-cap companies like Coro Energy plc (LON:CORO), as the company does not have to adhere to strict debt covenants. … However, it also faces higher cost of capital given interest cost is generally lower than equity. … Is financial flexibility worth the lower cost of capital.

Simply Wall St -

Who Owns Most Of Coro Energy plc (LON:CORO)?

In this article, I will take a quick look at Coro Energy plc’s (LON:CORO) recent ownership structure – an unconventional investing subject, but an important one. … When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. … The effect of an active institutional investor with a similar ownership as a passive pension-fund can be vastly different on a company's corporate governance and accountability to shareholders.

Simply Wall St -

Who Owns Coro Energy plc (LON:CORO)?

I am going to take a deep dive into Coro Energy plc’s (AIM:CORO) most recent ownership structure, not a frequent subject of discussion among individual investors. … This size of ownership gives retail investors collective power in deciding on major policy decisions such as executive compensation, appointment of directors and acquisitions of businesses. … As a result, potential investors should further explore the company's business relations with these companies and find out if they can affect shareholder returns in the long-term.Next Steps: CORO's considerably high level of institutional ownership calls for further analysis into its margin of safety.

Simply Wall St -

Where Coro Energy plc's (LON:CORO) Earnings Growth Stands Against Its Industry

Examining Coro Energy plc's (AIM:CORO) past track record of performance is an insightful exercise for investors. … To account for any quarterly or half-yearly updates, I use data from the most recent 12 months, which annualizes the most recent half-year data, or in some cases, the latest annual report is already the most recent financial year data. … Each year, for the past five years Coro Energy has seen an annual decline in revenue of -49.15%, on average.

Simply Wall St -

Company Info

Description

Coro Energy plc engages in the exploration and production of natural gas in Northern Italy. The company has operations in Sillaro, Bezzecca, and Sant'Alberto, Italy. Its licenses cover an area of approximately 65.5 square kilometers, and combined proved and probable reserves. The company was formerly known as Saffron Energy Plc and changed its name to Coro Energy plc in April 2018. The company is based in London, the United Kingdom.

Details
Name: Coro Energy plc
CORO
Exchange: AIM
Founded:
£17,603,790
718,522,049
Website: http://www.coroenergyplc.com
Address: Coro Energy plc
40 George Street,
Marylebone,
London,
Greater London, W1U 7DW,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM CORO Ordinary Shares London Stock Exchange AIM Market GB GBP 24. Feb 2017
Number of employees
Current staff
Staff numbers
5
Coro Energy employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 22:30
End of day share price update: 2019/04/18 00:00
Last earnings filing: 2018/09/05
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.