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i3 Energy

AIM:I3E
Snowflake Description

Slightly overvalued with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
I3E
AIM
£34M
Market Cap
  1. Home
  2. GB
  3. Energy
Company description

i3 Energy Plc, a holding company, engages in the identification, evaluation, acquisition, appraisal, development, and production of oil and gas assets in the United Kingdom. The last earnings update was 206 days ago. More info.


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  • i3 Energy has significant price volatility in the past 3 months.
I3E Share Price and Events
7 Day Returns
-3.1%
AIM:I3E
0.4%
GB Oil and Gas
0.6%
GB Market
1 Year Returns
-35.1%
AIM:I3E
17.2%
GB Oil and Gas
1.1%
GB Market
I3E Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
i3 Energy (I3E) -3.1% -1.9% -28% -35.1% - -
GB Oil and Gas 0.4% 4% 7.4% 17.2% 50.4% -2.9%
GB Market 0.6% 3.6% 6.9% 1.1% 15.6% 6.2%
1 Year Return vs Industry and Market
  • I3E underperformed the Oil and Gas industry which returned 17.2% over the past year.
  • I3E underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 1.1% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

I3E Value

 Is i3 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
Here we compare the current share price of i3 Energy 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 i3 Energy.

AIM:I3E Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 7.7%
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:I3E
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))
= 0.954 (1 + (1- 19%) (2%))
0.979
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.98
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (0.979 * 6.65%)
7.74%

Discounted Cash Flow Calculation for AIM:I3E using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for i3 Energy 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:I3E DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 7.74%)
2019 -50.60 Analyst x1 -46.97
2020 18.40 Analyst x1 15.85
2021 18.86 Est @ 2.48% 15.08
2022 19.26 Est @ 2.1% 14.29
2023 19.61 Est @ 1.84% 13.51
2024 19.93 Est @ 1.66% 12.75
2025 20.24 Est @ 1.53% 12.01
2026 20.53 Est @ 1.44% 11.31
2027 20.81 Est @ 1.37% 10.64
2028 21.09 Est @ 1.33% 10.01
Present value of next 10 years cash flows £68.48
AIM:I3E DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= £21.09 × (1 + 1.23%) ÷ (7.74% – 1.23%)
£327.84
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £327.84 ÷ (1 + 7.74%)10
£155.58
AIM:I3E Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £68.48 + £155.58
£224.05
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £224.05 / 87.38
£2.56
AIM:I3E Discount to Share Price
Calculation Result
Value per share (GBP) From above. £2.56
Current discount Discount to share price of £0.39
= -1 x (£0.39 - £2.56) / £2.56
84.7%

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

Current Discount
Amount off the current price i3 Energy is available for.
Intrinsic value
>50%
Share price is £0.39 vs Future cash flow value of £2.56
Current Discount Checks
For i3 Energy to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • i3 Energy's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • i3 Energy'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 i3 Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are i3 Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:I3E PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in GBP £-0.05
AIM:I3E Share Price ** AIM (2019-04-18) in GBP £0.39
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry PE Ratio Median Figure of 32 Publicly-Listed Oil and Gas Companies 9.96x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 797 Publicly-Listed Companies 16.29x

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

** Primary Listing of i3 Energy.

AIM:I3E PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AIM:I3E Share Price ÷ EPS (both in GBP)

= 0.39 ÷ -0.05

-8.36x

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

  • i3 Energy is loss making, we can't compare its value to the GB Oil and Gas industry average.
  • i3 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 i3 Energy's expected growth come at a high price?
Raw Data
AIM:I3E PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -8.36x
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 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 1.48x

*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 i3 Energy, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on i3 Energy's assets?
Raw Data
AIM:I3E PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in GBP £0.11
AIM:I3E Share Price * AIM (2019-04-18) in GBP £0.39
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 1,367 Publicly-Listed Companies 1.51x
AIM:I3E PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AIM:I3E Share Price ÷ Book Value per Share (both in GBP)

= 0.39 ÷ 0.11

3.56x

* Primary Listing of i3 Energy.

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

  • i3 Energy is overvalued based on assets compared to the GB Oil and Gas industry average.
X
Value checks
We assess i3 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. i3 Energy has a total score of 2/6, 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.

I3E Future Performance

 How is i3 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 i3 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
14.2%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is i3 Energy expected to grow at an attractive rate?
  • Unable to compare i3 Energy's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare i3 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 i3 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:I3E 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 14.2%
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 3%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 11%
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:I3E 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 GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:I3E Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31 73
2019-12-31 -5
2018-12-31 -5
AIM:I3E Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-06-30 -3 -1
2018-03-31 -2 -2
2017-12-31 -2 -3
2017-09-30 -2 -3
2017-06-30 -1 -2
2017-03-31 -1 -1
2016-12-31 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if i3 Energy is high growth as no earnings estimate data is available.
  • Unable to determine if i3 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:I3E 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 i3 Energy Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:I3E Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2019-12-31
2018-12-31
AIM:I3E Past Financials Data
Date (Data in GBP Millions) EPS *
2018-06-30 -0.05
2018-03-31 -0.11
2017-12-31 -0.25
2017-09-30 -0.26
2017-06-30 -0.28
2017-03-31 -0.20
2016-12-31 -0.07

*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 i3 Energy will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of I3E’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. i3 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. i3 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
X
Future performance checks
We assess i3 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.
i3 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.

I3E Past Performance

  How has i3 Energy performed over the past 5 years?

  • i3 Energy's last earnings update was 206 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 i3 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.
  • i3 Energy does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
  • Unable to compare i3 Energy's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare i3 Energy's 1-year growth to the GB Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
i3 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 i3 Energy Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:I3E Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 -1.22 1.66
2018-03-31 -2.08 1.74
2017-12-31 -2.94 1.82
2017-09-30 -2.60 1.47
2017-06-30 -2.26 1.12
2017-03-31 -1.33 0.75
2016-12-31 -0.40 0.39

*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 i3 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 i3 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 i3 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 i3 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.
i3 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.

I3E Health

 How is i3 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 i3 Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • i3 Energy's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • i3 Energy has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of i3 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.
  • Debt is covered by short term assets, assets are 1.6x 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 i3 Energy Company Filings, last reported 9 months ago.

AIM:I3E Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 4.36 0.69 1.05
2018-03-31 4.36 0.69 1.05
2017-12-31 0.37 3.04 0.63
2017-09-30 0.37 3.04 0.63
2017-06-30 -2.30 6.88 2.80
2017-03-31 -2.30 6.88 2.80
2016-12-31 -0.40 1.99 0.02
  • i3 Energy's level of debt (15.7%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if i3 Energy's debt level has increased without past 5-year debt data.
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.

  • i3 Energy has less than a year of cash runway based on current free cash flow.
  • i3 Energy has less than a year of cash runway if free cash flow continues to grow at historical rates of 42.7% each year.
X
Financial health checks
We assess i3 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. i3 Energy has a total score of 2/6, 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.

I3E Dividends

 What is i3 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 i3 Energy dividends.
If you bought £2,000 of i3 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 i3 Energy's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate i3 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:I3E 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 5.2%

Industry and Market average data is calculated daily.

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

AIM:I3E Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2019-12-31
2018-12-31

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

  • Unable to perform a dividend volatility check as i3 Energy has not reported any payouts.
  • Unable to verify if i3 Energy's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of i3 Energy's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as i3 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 i3 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 i3 Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. i3 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.

I3E Management

 What is the CEO of i3 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
Majid Shafiq
COMPENSATION £62,425
AGE 53
TENURE AS CEO 0.5 years
CEO Bio

Mr. Majid Shafiq has been Chief Executive Officer at i3 Energy Plc since October 8, 2018. Mr. Majid Shafiq serves Chief Executive Officer of Àrgentil Capital Partners since 2015. Mr. Shafiq has 29 years of technical and investment banking experience focused on the global E&P sector. Mr. Shafiq was employed at Tristone Capital Limited in the position of Managing Director of Investment Banking. Mr. Shafiq joined Tristone Capital in September 2005 as Director, Investment Banking. Mr. Shafiq joined Tristone after three years with Waterous & Co, where he was a Director responsible for international acquisitions and divestment transactions. Prior to joining Waterous, Mr. Shafiq worked for Dynegy Trading in the UK where he was responsible for origination in the European gas markets and acquisitions in the UK gas and power market. He served as Managing Director of Corporate Finance at FirstEnergy Capital LLP. Mr. Shafiq started his career with Mobil Oil Corporation for 13 years in various petroleum engineering and commercial roles in the UK and the Netherlands. He has been a Non-Executive Director of i3 Energy Plc since July 18, 2017. He served as a Director of Macquarie Tristone. Mr. Shafiq holds a Bachelor's Degree in Nuclear Engineering from Manchester University, a Master's Degree in Petroleum Engineering from Heriot-Watt University and an MBA from London Business School.

CEO Compensation
  • Insufficient data for Majid to compare compensation growth.
  • Majid's remuneration is lower than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure of the i3 Energy management team in years:

0.5
Average Tenure
  • The average tenure for the i3 Energy management team is less than 2 years, this suggests a new team.
Management Team

Majid Shafiq

TITLE
CEO & Non-Executive Director
COMPENSATION
£62K
AGE
53
TENURE
0.5 yrs

Graham Heath

TITLE
CFO & Executive Director
COMPENSATION
£233K
AGE
43

John Woods

TITLE
Chief Operating Officer
TENURE
0.5 yrs

Sheri Barton

TITLE
Manager Finance & Admin and Corporate Secretary

Martyn Eames

TITLE
Head of Commercial
TENURE
0.5 yrs
Board of Directors Tenure

Average tenure and age of the i3 Energy board of directors in years:

1.9
Average Tenure
59
Average Age
  • The average tenure for the i3 Energy board of directors is less than 3 years, this suggests a new board.
Board of Directors

David John Knox

TITLE
Non-Executive Chairman
COMPENSATION
£69K
AGE
60

Majid Shafiq

TITLE
CEO & Non-Executive Director
COMPENSATION
£62K
AGE
53
TENURE
1.8 yrs

Graham Heath

TITLE
CFO & Executive Director
COMPENSATION
£233K
AGE
43
TENURE
2.1 yrs

Richard Ames

TITLE
Non-Executive Director
COMPENSATION
£62K
AGE
62
TENURE
1.8 yrs

Neill Carson

TITLE
Non Executive Director
COMPENSATION
£245K
AGE
59
TENURE
2.1 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 (£)
X
Management checks
We assess i3 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. i3 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.

I3E News

Simply Wall St News

Who Are The Major Shareholders In i3 Energy Plc (LON:I3E)?

I am going to take a deep dive into i3 Energy Plc’s (LON:I3E) most recent ownership structure, not a frequent subject of discussion among individual investors. … The impact of a company's ownership structure affects both its short- and long-term performance. … While these are more of a long-term investor’s concern, short-term investors may find the impact of institutional trading overwhelming enough to lose out on what could be a potential opportunity.

Simply Wall St -

What’s Installed For i3 Energy Plc (LON:I3E)?

Not surprisingly, this rate is more than double the growth rate of the UK stock market as a whole. … AIM:I3E Growth In Earnings Jan 25th 18 The oil price collapse drove a negative 40% growth in the energy sector in the past five years. … This means it is an attractive growth stock relative to the wider UK stock market.

Simply Wall St -

I3E Company Info

Description

i3 Energy Plc, a holding company, engages in the identification, evaluation, acquisition, appraisal, development, and production of oil and gas assets in the United Kingdom. It owns a 100% interest in the License P.1987, Blocks 13/23d and 13/23c of Liberator oil field located in the North Sea. The company was founded in 2014 and is headquartered in Westhill, the United Kingdom.

Details
Name: i3 Energy Plc
I3E
Exchange: AIM
Founded: 2014
£34,294,796
87,375,278
Website: http://www.i3.energy
Address: i3 Energy Plc
11 Abercrombie Court,
Prospect Road,
Westhill,
Aberdeenshire, AB32 6FE,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM I3E New Ordinary Shares London Stock Exchange AIM Market GB GBP 25. Jul 2017
DB I32 New Ordinary Shares Deutsche Boerse AG DE EUR 25. Jul 2017
Number of employees
Current staff
Staff numbers
10
i3 Energy employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/22 22:35
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/08
Last earnings filing: 2018/09/28
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.