AIM:CORO

Stock Analysis Report

Executive Summary

Coro Energy plc engages in the exploration, development, and production of oil and natural gas in Northern Italy.


Snowflake Analysis

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.


Market Performance


7 Day Return

0%

CORO

-3.4%

GB Oil and Gas

-0.5%

GB Market


1 Year Return

-43.0%

CORO

-8.1%

GB Oil and Gas

6.0%

GB Market

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.


Shareholder returns

COROIndustryMarket
7 Day0%-3.4%-0.5%
30 Day-31.9%-9.5%-1.8%
90 Day-42.4%-9.0%2.4%
1 Year-43.0%-43.0%-3.4%-8.1%11.5%6.0%
3 Year-83.1%-83.1%21.3%6.1%18.2%3.5%
5 Yearn/a37.7%10.4%34.3%3.5%

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

Valuation

Is Coro Energy undervalued compared to its fair value and its price relative to the market?

1.28x

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).


Next Steps

Future Growth

How is Coro Energy forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

50.0%

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


Next Steps

Past Performance

How has Coro Energy performed over the past 5 years?

-33.9%

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


Next Steps

Financial Health

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.


Balance Sheet

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


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.8%markettop25%5.0%industryaverage5.9%forecastin3Yearsn/a

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.


Next Steps

Management

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

2.0yrs

Average board tenure


CEO

James Menzies (57yo)

1.8yrs

Tenure

US$495,000

Compensation

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.


Board Members

NamePositionTenureCompensationOwnership
James Menzies
CEO & Director1.8yrsUS$495.00k1.22% $118.3k
Andrew Dennan
CFO & Director0.9yrsno data0.54% $52.4k
Marco Fumagalli
Non Executive Director2.2yrsUS$40.00kno data
Nicholas Cooper
Independent Non-Executive Director0.08yrsno datano data
James Parsons
Non Executive Chairman2.2yrsUS$68.00k0.22% $21.2k
Fiona Barkham
Non Executive Director2.2yrsUS$40.00kno data

2.0yrs

Average Tenure

50yo

Average Age

Experienced Board: CORO's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.


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 141.9%.


Top Shareholders

Company Information

Coro Energy plc's company bio, employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Coro Energy plc
  • 4th Floor, 40 George Street
  • Marylebone
  • London
  • Greater London
  • W1U 7DW
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
COROAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPFeb 2017

Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/24 23:03
End of Day Share Price2020/02/24 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.