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Eland Oil & Gas

AIM:ELA
Snowflake Description

Outstanding track record with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ELA
AIM
£282M
Market Cap
  1. Home
  2. GB
  3. Energy
Company description

Eland Oil & Gas PLC, together with its subsidiaries, engages in development, exploration, and production of oil and gas properties in West Africa. The last earnings update was 27 days ago. More info.


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ELA Share Price and Events
7 Day Returns
-0.5%
AIM:ELA
1.3%
GB Oil and Gas
1.1%
GB Market
1 Year Returns
52.2%
AIM:ELA
21.4%
GB Oil and Gas
2.7%
GB Market
ELA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Eland Oil & Gas (ELA) -0.5% 5.2% 1.9% 52.2% 366.3% 7.8%
GB Oil and Gas 1.3% 6.2% 7.5% 21.4% 52.9% -4.1%
GB Market 1.1% 3.1% 8.5% 2.7% 14.1% 5.7%
1 Year Return vs Industry and Market
  • ELA outperformed the Oil and Gas industry which returned 21.4% over the past year.
  • ELA outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 2.7% over the past year.
Price Volatility
ELA
Industry
5yr Volatility vs Market

Value

 Is Eland Oil & Gas 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
Here we compare the current share price of Eland Oil & Gas to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Eland Oil & Gas.

AIM:ELA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.1%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for AIM:ELA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.952 (1 + (1- 19%) (12.88%))
1.034
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.03
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.034 * 6.65%)
8.1%

Discounted Cash Flow Calculation for AIM:ELA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Eland Oil & Gas is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

AIM:ELA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.1%)
2019 92.77 Analyst x3 85.81
2020 117.53 Analyst x3 100.57
2021 213.50 Analyst x2 168.99
2022 300.99 Est @ 40.98% 220.38
2023 388.45 Est @ 29.05% 263.09
2024 468.88 Est @ 20.71% 293.76
2025 538.57 Est @ 14.86% 312.12
2026 596.59 Est @ 10.77% 319.82
2027 643.77 Est @ 7.91% 319.24
2028 681.77 Est @ 5.9% 312.74
Present value of next 10 years cash flows $2,396.53
AIM:ELA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $681.77 × (1 + 1.23%) ÷ (8.1% – 1.23%)
$10,034.07
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $10,034.07 ÷ (1 + 8.1%)10
$4,602.79
AIM:ELA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $2,396.53 + $4,602.79
$6,999.31
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $6,999.31 / 217.53
$32.18
AIM:ELA Discount to Share Price
Calculation Result
Exchange Rate USD/GBP
(Reporting currency to currency of AIM:ELA)
0.767
Value per Share
(GBP)
= Value per Share in USD x Exchange Rate (USD/GBP)
= $32.18 x 0.767
£24.67
Value per share (GBP) From above. £24.67
Current discount Discount to share price of £1.29
= -1 x (£1.29 - £24.67) / £24.67
94.8%

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

Current Discount
Amount off the current price Eland Oil & Gas is available for.
Intrinsic value
>50%
Share price is £1.29 vs Future cash flow value of £24.67
Current Discount Checks
For Eland Oil & Gas to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Eland Oil & Gas's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Eland Oil & Gas's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Eland Oil & Gas's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Eland Oil & Gas's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:ELA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.28
AIM:ELA Share Price ** AIM (2019-04-17) in GBP £1.29
AIM:ELA Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.304 $1.69
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry PE Ratio Median Figure of 31 Publicly-Listed Oil and Gas Companies 9.78x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 795 Publicly-Listed Companies 16.25x

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

** Primary Listing of Eland Oil & Gas.

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

= AIM:ELA Share Price ÷ EPS (both in USD)

= 1.69 ÷ 0.28

6.1x

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

  • Eland Oil & Gas is good value based on earnings compared to the GB Oil and Gas industry average.
  • Eland Oil & Gas is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Eland Oil & Gas's expected growth come at a high price?
Raw Data
AIM:ELA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.1x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
5%per year
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry PEG Ratio Median Figure of 19 Publicly-Listed Oil and Gas Companies 0.47x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 564 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

AIM:ELA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.1x ÷ 5%

1.22x

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

  • Eland Oil & Gas is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Eland Oil & Gas's assets?
Raw Data
AIM:ELA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $1.81
AIM:ELA Share Price * AIM (2019-04-17) in GBP £1.29
AIM:ELA Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.304 $1.69
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:ELA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AIM:ELA Share Price ÷ Book Value per Share (both in USD)

= 1.69 ÷ 1.81

0.94x

* Primary Listing of Eland Oil & Gas.

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

  • Eland Oil & Gas is overvalued based on assets compared to the GB Oil and Gas industry average.
X
Value checks
We assess Eland Oil & Gas'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. Eland Oil & Gas has a total score of 4/6, 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 Eland Oil & Gas expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

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
5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Eland Oil & Gas expected to grow at an attractive rate?
  • Eland Oil & Gas's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Eland Oil & Gas's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Eland Oil & Gas's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
AIM:ELA Future Growth Rates Data Sources
Data Point Source Value (per year)
AIM:ELA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 5%
AIM:ELA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 23.8%
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 15%
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 3.3%
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:ELA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:ELA Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 391 1
2021-12-31 480 213 66 4
2020-12-31 427 190 115 6
2019-12-31 349 179 89 3
AIM:ELA Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 169 45 61
2018-09-30 152 36 41
2018-06-30 135 26 22
2018-03-31 102 18 17
2017-12-31 69 10 12
2017-09-30 36 -1 13
2017-06-30 2 -12 14
2017-03-31 2 -10 16
2016-12-31 2 -8 17
2016-09-30 6 -6 21
2016-06-30 9 -5 25
2016-03-31 14 -6 23

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Eland Oil & Gas's earnings are expected to grow by 5% yearly, however this is not considered high growth (20% yearly).
  • Eland Oil & Gas's revenue is expected to grow significantly at over 20% yearly.
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:ELA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Eland Oil & Gas Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:ELA Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 0.29 0.29 0.29 1.00
2020-12-31 0.51 0.51 0.51 2.00
2019-12-31 0.39 0.39 0.39 1.00
AIM:ELA Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.28
2018-09-30 0.19
2018-06-30 0.10
2018-03-31 0.08
2017-12-31 0.06
2017-09-30 0.07
2017-06-30 0.07
2017-03-31 0.08
2016-12-31 0.09
2016-09-30 0.12
2016-06-30 0.15
2016-03-31 0.14

*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.
  • Eland Oil & Gas is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Eland Oil & Gas'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.
Eland Oil & Gas has a total score of 4/6, 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 Eland Oil & Gas performed over the past 5 years?

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 Eland Oil & Gas'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.
  • Eland Oil & Gas has delivered over 20% year on year earnings growth in the past 5 years.
  • Eland Oil & Gas's 1-year earnings growth exceeds its 5-year average (413.9% vs 33.2%)
  • Eland Oil & Gas's earnings growth has exceeded the GB Oil and Gas industry average in the past year (413.9% vs 176.9%).
Earnings and Revenue History
Eland Oil & Gas'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 Eland Oil & Gas Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:ELA Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 169.17 60.86 7.75
2018-09-30 152.33 41.31 6.77
2018-06-30 135.50 21.75 5.80
2018-03-31 102.21 16.80 5.14
2017-12-31 68.92 11.84 4.49
2017-09-30 35.51 13.09 4.49
2017-06-30 2.11 14.34 4.50
2017-03-31 2.24 15.61 5.16
2016-12-31 2.37 16.88 5.83
2016-09-30 5.85 20.84 6.00
2016-06-30 9.34 24.79 6.18
2016-03-31 13.72 22.60 6.28
2015-12-31 18.11 20.40 6.39
2015-09-30 19.82 17.46 6.64
2015-06-30 21.53 14.51 6.88
2015-03-31 16.61 12.59 7.86
2014-12-31 11.70 10.67 8.84
2014-09-30 5.88 7.39 7.81
2014-06-30 0.06 4.10 6.78
2014-03-31 0.03 3.01 7.60
2013-12-31 1.92 8.43
2013-09-30 -0.42 9.75
2013-06-30 -2.77 11.08
2013-03-31 -4.06 9.88
2012-12-31 -5.35 8.68
2012-09-30 -6.24 6.37
2012-06-30 -7.14 4.05

*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.
  • Eland Oil & Gas made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • Eland Oil & Gas used its assets more efficiently than the GB Oil and Gas industry average last year based on Return on Assets.
  • Eland Oil & Gas has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Eland Oil & Gas'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.
Eland Oil & Gas has a total score of 6/6, 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 Eland Oil & Gas'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 Eland Oil & Gas's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Eland Oil & Gas is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Eland Oil & Gas's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Eland Oil & Gas'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.6x debt.
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 Eland Oil & Gas Company Filings, last reported 3 months ago.

AIM:ELA Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 314.62 47.36 43.09
2018-09-30 314.62 47.36 43.09
2018-06-30 211.28 25.38 29.76
2018-03-31 211.28 25.38 29.76
2017-12-31 166.28 25.42 36.74
2017-09-30 166.28 25.42 36.74
2017-06-30 151.93 13.58 22.35
2017-03-31 151.93 13.58 22.35
2016-12-31 155.68 13.33 11.14
2016-09-30 155.68 13.33 11.14
2016-06-30 176.93 13.11 20.61
2016-03-31 176.93 13.11 20.61
2015-12-31 168.04 13.37 8.46
2015-09-30 168.04 13.37 8.46
2015-06-30 159.53 8.57 13.10
2015-03-31 159.53 8.57 13.10
2014-12-31 169.27 0.00 15.02
2014-09-30 169.27 0.00 15.02
2014-06-30 173.01 0.00 19.71
2014-03-31 173.01 0.00 19.71
2013-12-31 150.78 0.00 3.85
2013-09-30 150.78 0.00 3.85
2013-06-30 170.20 0.00 11.84
2013-03-31 170.20 0.00 11.84
2012-12-31 180.47 0.00 24.50
2012-09-30 180.47 0.00 24.50
2012-06-30 -12.43 18.61 0.35
  • Eland Oil & Gas's level of debt (15.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 15.1% today).
  • Debt is well covered by operating cash flow (94.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 17.6x coverage).
X
Financial health checks
We assess Eland Oil & Gas'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. Eland Oil & Gas has a total score of 5/6, 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 Eland Oil & Gas'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 Eland Oil & Gas dividends. Estimated to be 1.41% next year.
If you bought £2,000 of Eland Oil & Gas 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 Eland Oil & Gas's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Eland Oil & Gas'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:ELA 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 6 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.

AIM:ELA Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 0.05 2.00
2020-12-31 0.02 4.00
2019-12-31 0.02 5.00

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

  • Unable to perform a dividend volatility check as Eland Oil & Gas has not reported any payouts.
  • Unable to verify if Eland Oil & Gas's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Eland Oil & Gas's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Eland Oil & Gas has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (8.4x coverage).
X
Income/ dividend checks
We assess Eland Oil & Gas'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 Eland Oil & Gas afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Eland Oil & Gas has a total score of 1/6, 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 Eland Oil & Gas'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
George Walter Maxwell
COMPENSATION $679,000
AGE 52
TENURE AS CEO 4.6 years
CEO Bio

Mr. George Walter Mitchell Maxwell is the Founder of Eland Oil & Gas PLC and has been its Chief Executive Officer since September 8, 2014 and served as its Chief Financial Officer since September 28, 2009. Mr. Maxwell has oil industry experience in both the producing and service/manufacturing arena. He served as Business Development Manager for Addax and served as its Commercial Manager in Geneva. Mr. Maxwell joined Addax in 2004 and served as its General Manager and was responsible for finance, fiscal and commercial activities. Mr. Maxwell worked with ABB Oil & Gas as Vice President of Finance based in the UK with responsibilities for Europe and Africa. Mr. Maxwell served as Finance Director for Asia Pacific and Middle East, handling currency swaps and minimising exposures during the Asian financial crisis of the late 1990s. Mr. Maxwell began his career at Texaco working in economics and fiscal planning and has held various directorships in the UK, France, Singapore, Iran, Canada, Australia and Nigeria in the shipping, manufacturing and oil producing sectors. He has been a Director of Eland Oil & Gas PLC since September 28, 2009. Mr. Maxwell graduated from Robert Gordon University in Aberdeen with a Masters in Business Administration.

CEO Compensation
  • George Walter's compensation has increased by more than 20% in the past year.
  • George Walter's remuneration is about average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Eland Oil & Gas management team in years:

1.7
Average Tenure
52
Average Age
  • The average tenure for the Eland Oil & Gas management team is less than 2 years, this suggests a new team.
Management Team

George Walter Maxwell

TITLE
Founder
COMPENSATION
$679K
AGE
52
TENURE
4.6 yrs

Ron Bain

TITLE
CFO & Executive Director
COMPENSATION
$254K
TENURE
1.7 yrs

Ruy Serra

TITLE
Consultant
COMPENSATION
$257K
AGE
48
TENURE
1.8 yrs

Les Blair

TITLE
Founder & Strategic Advisor
AGE
65

Yannis Korakakis

TITLE
Chief Operating Officer
TENURE
0.8 yrs

Gafar Olagunju

TITLE
General Manager of Human Resources & Services

John Downey

TITLE
Exploration Director
TENURE
0.1 yrs

Adebayo Ayorinde

TITLE
Managing Director of Nigeria
TENURE
3.2 yrs

Michael Cameron

TITLE
Head of Finance

Ewan Neilson

TITLE
Secretary
Board of Directors Tenure

Average tenure and age of the Eland Oil & Gas board of directors in years:

2.8
Average Tenure
58
Average Age
  • The average tenure for the Eland Oil & Gas board of directors is less than 3 years, this suggests a new board.
Board of Directors

Russell Harvey

TITLE
Non-Executive Chairman
COMPENSATION
$124K
AGE
66
TENURE
3.3 yrs

George Walter Maxwell

TITLE
Founder
COMPENSATION
$679K
AGE
52
TENURE
9.6 yrs

Ron Bain

TITLE
CFO & Executive Director
COMPENSATION
$254K
TENURE
1.7 yrs

Brian O'Cathain

TITLE
Non-Executive Director
COMPENSATION
$12K
AGE
58
TENURE
1.5 yrs

Nicholas Gay

TITLE
Non-Executive Director
AGE
62
TENURE
0.8 yrs

Grégory Stoupnitzky

TITLE
Senior Independent Non-executive Director
COMPENSATION
$49K
AGE
62

Henry Arthur Turcan

TITLE
Non-Executive Director
COMPENSATION
$50K
AGE
44
TENURE
4.3 yrs

Henry Obi

TITLE
Non-Executive Director
COMPENSATION
$49K
AGE
55
TENURE
2.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
21. Nov 18 Buy Ronald Bain Individual 20. Nov 18 20. Nov 18 17,500 £1.09 £19,119
29. Oct 18 Sell Lombard Odier Asset Management (Europe) Limited Company 26. Oct 18 26. Oct 18 -9,623,702 £0.01 £-92,386
29. Oct 18 Buy Lombard Odier Asset Management (Europe) Limited Company 26. Oct 18 26. Oct 18 9,623,702 £0.01 £92,386
09. Jul 18 Buy Lombard Odier Asset Management (Europe) Limited Company 06. Jul 18 06. Jul 18 2,269 £1.23 £2,791
06. Jul 18 Buy Lombard Odier Asset Management (Europe) Limited Company 05. Jul 18 05. Jul 18 2,233 £1.23 £2,747
03. Jul 18 Buy Lombard Odier Asset Management (Europe) Limited Company 02. Jul 18 02. Jul 18 35,048 £1.19 £41,707
02. Jul 18 Buy Lombard Odier Asset Management (Europe) Limited Company 25. Jun 18 29. Jun 18 64,424 £1.23 £77,170
26. Jun 18 Buy Lombard Odier Asset Management (Europe) Limited Company 19. Jun 18 19. Jun 18 2,421 £1.13 £2,736
21. Jun 18 Buy Lombard Odier Asset Management (Europe) Limited Company 15. Jun 18 18. Jun 18 54,291 £1.15 £62,451
X
Management checks
We assess Eland Oil & Gas'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. Eland Oil & Gas 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

Here's Why I Think Eland Oil & Gas (LON:ELA) Might Deserve Your Attention Today

So if you're like me, you might be more interested in profitable, growing companies, like Eland Oil & Gas (LON:ELA). … If you believe that markets are even vaguely efficient, then over the long term you'd expect a company's share price to follow its earnings per share (EPS). … The good news is that Eland Oil & Gas is growing revenues, and EBIT margins improved by 65.8 percentage points to 47%, over the last year.

Simply Wall St -

Eland Oil & Gas PLC (LON:ELA): What Does The Future Look Like?

In December 2018, Eland Oil & Gas PLC (LON:ELA) released its latest earnings announcement, whicha … confirmed … company

Simply Wall St -

How Financially Strong Is Eland Oil & Gas PLC (LON:ELA)?

While small-cap stocks, such as Eland Oil & Gas PLC (LON:ELA) with its market cap of UK£266m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Understanding the company's financial health becomes. … Let's work through some financial health checks you may wish to consider if you're interested in this stock.

Simply Wall St -

If You Had Bought Eland Oil & Gas Stock Three Years Ago, You Could Pocket A 254% Gain Today

For instance the Eland Oil & Gas PLC (LON:ELA) share price is 254% higher than it was three years ago. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … Eland Oil & Gas was able to grow its EPS at 1.5% per year over three years, sending the share price higher.

Simply Wall St -

What Can We Make Of Eland Oil & Gas PLC’s (LON:ELA) High Return On Capital?

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Return On Capital Employed (ROCE): What is it? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

One Thing To Remember About The Eland Oil & Gas PLC (LON:ELA) Share Price

If you're interested in Eland Oil & Gas PLC (LON:ELA), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Before we go on, it's worth noting that Warren Buffett pointed out in his 2014 letter to shareholders that 'volatility is far from synonymous with risk.' Having said that, beta can still be rather useful.

Simply Wall St -

Boasting A 28% Return On Equity, Is Eland Oil & Gas PLC (LON:ELA) A Top Quality Stock?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Another way to think of that is that for every £1 worth of equity in the company, it was able to earn £0.28. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Should You Be Tempted To Sell Eland Oil & Gas PLC (LON:ELA) Because Of Its P/E Ratio?

Eland Oil & Gas has a price to earnings ratio of 13.95, based on the last twelve months. … Price to Earnings Ratio = Share Price (in reporting currency) ÷ Earnings per Share (EPS) … P/E of 13.95 = $1.38 (Note: this is the share price in the reporting currency, namely, USD ) ÷ $0.099

Simply Wall St -

Eland Oil & Gas PLC (LON:ELA): Time For A Financial Health Check

Investors are always looking for growth in small-cap stocks like Eland Oil & Gas PLC (LON:ELA), with a market cap of UK£237m. … However, an important fact which most ignore is: how financially healthy is the business? … So, understanding the company's financial health becomes

Simply Wall St -

How Does Eland Oil & Gas PLC (LON:ELA) Affect Your Portfolio Returns?

The second risk is market-wide, which arises from investing in the stock market. … A widely-used metric to measure a stock's market risk is beta, and the broad market index represents a beta value of one. … Any stock with a beta of greater than one is considered more volatile than the market, and those with a beta less than one is generally less volatile.

Simply Wall St -

Company Info

Description

Eland Oil & Gas PLC, together with its subsidiaries, engages in development, exploration, and production of oil and gas properties in West Africa. The company primarily holds interests in the OML 40 license, which covers an area of 498 square kilometers located in the Niger Delta; and a 40% interest in the Ubima field that covers an area of 65 square kilometers located in the northern part of Rivers State. It also provides financing services. Eland Oil & Gas PLC was founded in 2009 and is headquartered in Aberdeen, the United Kingdom.

Details
Name: Eland Oil & Gas PLC
ELA
Exchange: AIM
Founded: 2009
£281,924,259
217,534,151
Website: http://www.elandoilandgas.com
Address: Eland Oil & Gas PLC
Seabrokers House,
Prospect Road,
Aberdeen,
Aberdeenshire, AB32 6FE,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM ELA Ordinary Shares London Stock Exchange AIM Market GB GBP 03. Sep 2012
Number of employees
Current staff
Staff numbers
131
Eland Oil & Gas employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/17 22:44
End of day share price update: 2019/04/17 00:00
Last estimates confirmation: 2019/04/12
Last earnings filing: 2019/03/21
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.