AIM:ECO

Stock Analysis Report

Eco (Atlantic) Oil & Gas

Executive Summary

Eco (Atlantic) Oil & Gas Ltd., a development stage company, engages in the identification, acquisition, exploration, and development of petroleum, natural gas, and shale gas properties.


Snowflake Analysis

Flawless balance sheet with weak fundamentals.

Share Price & News

How has Eco (Atlantic) Oil & Gas's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0.7%

ECO

0.8%

GB Oil and Gas

0.05%

GB Market


1 Year Return

-47.9%

ECO

-5.1%

GB Oil and Gas

7.1%

GB Market

Return vs Industry: ECO underperformed the UK Oil and Gas industry which returned -5.1% over the past year.

Return vs Market: ECO underperformed the UK Market which returned 7.1% over the past year.


Shareholder returns

ECOIndustryMarket
7 Day0.7%0.8%0.05%
30 Day-19.2%-8.2%-1.7%
90 Day-35.0%-7.0%4.1%
1 Year-47.9%-47.9%-0.2%-5.1%12.6%7.1%
3 Year113.0%113.0%23.6%8.2%18.4%3.6%
5 Yearn/a42.8%14.6%35.2%4.2%

Price Volatility Vs. Market

How volatile is Eco (Atlantic) Oil & Gas's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Eco (Atlantic) Oil & Gas undervalued compared to its fair value and its price relative to the market?

3.77x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: ECO is overvalued based on its PB Ratio (3.8x) compared to the GB Oil and Gas industry average (0.7x).


Next Steps

Future Growth

How is Eco (Atlantic) Oil & Gas forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

17.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ECO is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: ECO is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: ECO is forecast to remain unprofitable over the next 3 years.

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

High Growth Revenue: Insufficient data to determine if ECO's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has Eco (Atlantic) Oil & Gas performed over the past 5 years?

-16.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ECO is currently unprofitable.

Growing Profit Margin: ECO is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ECO is unprofitable, and losses have increased over the past 5 years at a rate of -16.5% per year.

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

Earnings vs Industry: ECO 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: ECO has a negative Return on Equity (-57.64%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Eco (Atlantic) Oil & Gas's financial position?


Financial Position Analysis

Short Term Liabilities: ECO's short term assets (CA$30.8M) exceed its short term liabilities (CA$2.5M).

Long Term Liabilities: ECO has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: ECO is debt free.

Reducing Debt: ECO has not had any debt for past 5 years.


Balance Sheet

Inventory Level: ECO has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if ECO's debt is covered by short term assets.


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: ECO has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: ECO has sufficient cash runway for 1.6 years if free cash flow continues to grow at historical rates of 5.5% each year.


Next Steps

Dividend

What is Eco (Atlantic) Oil & Gas's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.8%markettop25%5.1%industryaverage5.7%forecastin3Years0%

Current dividend yield vs market & industry

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

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

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

8.3yrs

Average management tenure


CEO

Gil Holzman (47yo)

8.3yrs

Tenure

CA$1,701,707

Compensation

Mr. Gil Holzman has been the Chief Executive Officer and President at Eco (Atlantic) Oil & Gas Ltd., an affiliate of Eco Oil & Gas (Namibia) (Pty) Ltd. since November 25, 2011. Mr. Holzman has been the Chi ...


Leadership Team

NamePositionTenureCompensationOwnership
Gil Holzman
CEO, President & Executive Director8.3yrsCA$1.70m3.07% CA$2.0m
Alan Rootenberg
Chief Financial Officer7.8yrsCA$15.00k0.093% CA$60.1k
Colin Kinley
COO & Director8.3yrsCA$1.78m2.28% CA$1.5m
Alan Friedman
Executive VP8.2yrsCA$234.92k0.57% CA$367.6k
Gadi Levin
Finance Director & Director3.2yrsCA$335.66k0.28% CA$182.4k
Derek Linfield
Consultant2.3yrsno datano data

8.3yrs

Average Tenure

53yo

Average Age

Experienced Management: ECO's management team is seasoned and experienced (8.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Gil Holzman
CEO, President & Executive Director8.3yrsCA$1.70m3.07% CA$2.0m
Colin Kinley
COO & Director8.3yrsCA$1.78m2.28% CA$1.5m
Alan Friedman
Executive VP8.2yrsCA$234.92k0.57% CA$367.6k
Gadi Levin
Finance Director & Director3.2yrsCA$335.66k0.28% CA$182.4k
Keith Hill
Independent Director2.2yrsCA$389.32k0.31% CA$202.1k
Peter Nicol
Non-Executive Director7.8yrsCA$400.72k0.65% CA$419.1k
Moshe Peterburg
Non-Executive Chairman8.3yrsCA$679.87k5.55% CA$3.6m
Helmut Angula
Independent Director8.3yrsCA$17.55k0.55% CA$357.7k

8.2yrs

Average Tenure

59.5yo

Average Age

Experienced Board: ECO's board of directors are considered experienced (8.2 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: ECO 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 diluted in the past year, with total shares outstanding growing by 12.2%.


Top Shareholders

Company Information

Eco (Atlantic) Oil & Gas Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Eco (Atlantic) Oil & Gas Ltd.
  • Ticker: ECO
  • Exchange: AIM
  • Founded:
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: CA$110.819m
  • Listing Market Cap: CA$64.904m
  • Shares outstanding: 184.70m
  • Website: https://www.ecooilandgas.com

Location

  • Eco (Atlantic) Oil & Gas Ltd.
  • 7 Coulson Avenue
  • Toronto
  • Ontario
  • M4V 1Y3
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EOGTSXV (TSX Venture Exchange)YesCommon SharesCACADNov 2011
ECAO.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDNov 2011
ECOAIM (London Stock Exchange AIM Market)YesCommon SharesGBGBPNov 2011
EOIBST (Boerse-Stuttgart)YesCommon SharesDEEURNov 2011

Biography

Eco (Atlantic) Oil & Gas Ltd., a development stage company, engages in the identification, acquisition, exploration, and development of petroleum, natural gas, and shale gas properties. The company holds interest in the Orinduik block comprising 1,800 square kilometers located in the Suriname Guyana basin, the Co-Operative Republic of Guyana; and four offshore petroleum licenses covering 23,000 square kilometers located in the Republic of Namibia. Eco (Atlantic) Oil & Gas Ltd. is headquartered in Toronto, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/20 23:32
End of Day Share Price2020/02/20 00:00
Earnings2019/09/30
Annual Earnings2019/03/31


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.