i3 Energy
Market Cap
UK£7.8m
Last Updated
2020/04/10 02:38 UTC
Data Sources
Company Financials
Executive Summary
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.
Risk Analysis
Shareholders have been substantially diluted in the past year
Currently unprofitable and not forecast to become profitable over the next 3 years
+ 1 more risk
Snowflake Analysis
Mediocre balance sheet and overvalued.
Share Price & News
How has i3 Energy's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: I3E's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
35.5%
I3E
6.6%
GB Oil and Gas
8.6%
GB Market
1 Year Return
-82.3%
I3E
-34.7%
GB Oil and Gas
-19.4%
GB Market
Return vs Industry: I3E underperformed the UK Oil and Gas industry which returned -36.5% over the past year.
Return vs Market: I3E underperformed the UK Market which returned -25.9% over the past year.
Shareholder returns
| I3E | Industry | Market | |
|---|---|---|---|
| 7 Day | 35.5% | 6.6% | 8.6% |
| 30 Day | 66.7% | 8.4% | -3.5% |
| 90 Day | -43.1% | -34.0% | -23.0% |
| 1 Year | -82.3%-82.3% | -31.3%-34.7% | -15.5%-19.4% |
| 3 Year | n/a | -8.5%-20.0% | -8.8%-19.9% |
| 5 Year | n/a | -2.3%-21.9% | 4.2%-19.0% |
Price Volatility Vs. Market
How volatile is i3 Energy's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall St
What Kind Of Investor Owns Most Of i3 Energy Plc (LON:I3E)?6 months ago | Simply Wall St
We Think i3 Energy (LON:I3E) Can Afford To Drive Business Growth8 months ago | Simply Wall St
Do Insiders Own Lots Of Shares In i3 Energy Plc (LON:I3E)?Valuation
Is i3 Energy undervalued compared to its fair value and its price relative to the market?
0.23x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate I3E's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate I3E's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: I3E is unprofitable, so we can't compare its PE Ratio to the Oil and Gas industry average.
PE vs Market: I3E 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 I3E's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: I3E is good value based on its PB Ratio (0.2x) compared to the GB Oil and Gas industry average (0.4x).
Next Steps
Future Growth
How is i3 Energy forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
16.3%
Forecasted Energy industry annual growth in earnings
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 SimplyWall St do have past financial data.
Next Steps
- 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.
- i3 Energy competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Energy industry.
Past Performance
How has i3 Energy performed over the past 5 years?
-404.5%
Last years earnings growth
Earnings and Revenue History
Quality Earnings: I3E is currently unprofitable.
Growing Profit Margin: I3E is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if I3E's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: Unable to compare I3E's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: I3E is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (47.5%).
Return on Equity
High ROE: I3E has a negative Return on Equity (-20.46%), as it is currently unprofitable.
Next Steps
Financial Health
How is i3 Energy's financial position?
Financial Position Analysis
Short Term Liabilities: I3E's short term assets (£33.4M) exceed its short term liabilities (£1.3M).
Long Term Liabilities: I3E's short term assets (£33.4M) exceed its long term liabilities (£10.8M).
Debt to Equity History and Analysis
Debt Level: I3E's debt to equity ratio (35.9%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if I3E's debt to equity ratio has reduced over the past 5 years.
Balance Sheet
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: Insufficient data to determine if I3E has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if I3E has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
Next Steps
Dividend
What is i3 Energy's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate I3E's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate I3E'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 I3E's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if I3E'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 I3E'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?
1.5yrs
Average management tenure
CEO
Majid Shafiq (54yo)
1.5s
Tenure
UK£277,773
Compensation
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 ...
CEO Compensation Analysis
Compensation vs Market: Majid's total compensation ($USD340.11K) is about average for companies of similar size in the UK market ($USD335.89K).
Compensation vs Earnings: Majid's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 1.5yrs | UK£277.77k | 0.13% £10.4k | |
| CFO & Executive Director | 3.08yrs | UK£168.21k | 6.33% £494.2k | |
| Chief Operating Officer | 1.5yrs | no data | no data | |
| Manager Finance & Admin and Corporate Secretary | no data | no data | no data | |
| Head of Commercial | 1.5yrs | no data | no data |
1.5yrs
Average Tenure
Experienced Management: I3E's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 1.5yrs | UK£277.77k | 0.13% £10.4k | |
| CFO & Executive Director | 3.08yrs | UK£168.21k | 6.33% £494.2k | |
| Non-Executive Director | 3.08yrs | UK£340.88k | 6.23% £486.6k | |
| Non-Executive Director | 2.75yrs | UK£63.53k | 0.19% £14.8k | |
| Non-Executive Chairperson | 0.17yr | no data | no data |
2.8yrs
Average Tenure
58yo
Average Age
Experienced Board: I3E's board of directors are not considered experienced ( 2.8 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.
Ownership Breakdown
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 103.6%.
Top Shareholders
Company Information
i3 Energy Plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: i3 Energy Plc
- Ticker: I3E
- Exchange: AIM
- Founded: 2014
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Market Cap: UK£7.810m
- Shares outstanding: 107.72m
- Website: https://www.i3.energy
Number of Employees
Location
- i3 Energy Plc
- 11 Abercrombie Court
- Prospect Road
- Westhill
- Aberdeenshire
- AB32 6FE
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| I3E | AIM (London Stock Exchange AIM Market) | Yes | New Ordinary Shares | GB | GBP | Jul 2017 |
| I32 | DB (Deutsche Boerse AG) | Yes | New Ordinary Shares | DE | EUR | Jul 2017 |
Biography
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.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/10 02:38 |
| End of Day Share Price | 2020/04/09 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.