IGas Energy plc operates as an oil and gas exploration and production company Britain.
Excellent balance sheet with moderate growth potential.
Share Price & News
How has IGas Energy's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: IGAS's share price has been volatile over the past 3 months.
7 Day Return
GB Oil and Gas
1 Year Return
GB Oil and Gas
Return vs Industry: IGAS underperformed the UK Oil and Gas industry which returned -37.5% over the past year.
Return vs Market: IGAS underperformed the UK Market which returned -18.8% over the past year.
Price Volatility Vs. Market
How volatile is IGas Energy's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StHealth Check: How Prudently Does IGas Energy (LON:IGAS) Use Debt?
2 months ago | Simply Wall StEstimating The Intrinsic Value Of IGas Energy plc (LON:IGAS)
3 months ago | Simply Wall StSome IGas Energy (LON:IGAS) Shareholders Have Copped A 96% Share Price Wipe Out
Is IGas Energy undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate IGAS's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate IGAS's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: IGAS is unprofitable, so we can't compare its PE Ratio to the Oil and Gas industry average.
PE vs Market: IGAS 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 IGAS's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: IGAS is good value based on its PB Ratio (0.2x) compared to the GB Oil and Gas industry average (0.4x).
How is IGas Energy forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IGAS is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.5%).
Earnings vs Market: IGAS is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: IGAS's is expected to become profitable in the next 3 years.
Revenue vs Market: IGAS's revenue is expected to decline over the next 3 years (-7.7% per year).
High Growth Revenue: IGAS's revenue is forecast to decline over the next 3 years (-7.7% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if IGAS's Return on Equity is forecast to be high in 3 years time
How has IGas Energy performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IGAS is currently unprofitable.
Growing Profit Margin: IGAS is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: IGAS is unprofitable, but has reduced losses over the past 5 years at a rate of 7.2% per year.
Accelerating Growth: Unable to compare IGAS's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: IGAS is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (38.2%).
Return on Equity
High ROE: IGAS has a negative Return on Equity (-11.9%), as it is currently unprofitable.
How is IGas Energy's financial position?
Financial Position Analysis
Short Term Liabilities: IGAS's short term assets (£23.1M) exceed its short term liabilities (£11.4M).
Long Term Liabilities: IGAS's short term assets (£23.1M) do not cover its long term liabilities (£72.8M).
Debt to Equity History and Analysis
Debt Level: IGAS's debt to equity ratio (12.2%) is considered satisfactory.
Reducing Debt: IGAS's debt to equity ratio has reduced from 149% to 12.2% over the past 5 years.
Inventory Level: IGAS has a high level of physical assets or inventory.
Debt Coverage by Assets: IGAS's debt is covered by short term assets (assets are 1.2x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable IGAS has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: IGAS is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -35.2% per year.
What is IGas Energy's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate IGAS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate IGAS'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 IGAS's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if IGAS'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 IGAS's dividend in 3 years as they are not forecast to pay a notable one for the UK market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Steve Bowler (46yo)
Mr. Stephen Bowler, also known as Steve, has been the Chief Executive Officer of IGas Energy plc since May 8, 2015 and its Executive Director since November 1 2011. Mr. Bowler served as the Chief Financial ...
CEO Compensation Analysis
Compensation vs Market: Steve's total compensation ($USD645.45K) is above average for companies of similar size in the UK market ($USD330.32K).
Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.
|CEO & Executive Director||4.83yrs||UK£520.00k||0.058% £18.3k|
|Interim Independent Non-executive Chairman & Senior Independent Non-executive Director||0.42yr||UK£60.00k||0.18% £56.8k|
|Non-Executive Director||2.92yrs||UK£45.00k||no data|
|Non-Executive Director||0.83yr||no data||no data|
|Non-Executive Director||2.92yrs||UK£55.00k||no data|
Experienced Board: IGAS's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
IGas Energy plc's company bio, employee growth, exchange listings and data sources
- Name: IGas Energy plc
- Ticker: IGAS
- Exchange: AIM
- Founded: 2003
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Market Cap: UK£31.385m
- Shares outstanding: 121.18m
- Website: https://www.igasplc.com
Number of Employees
- IGas Energy plc
- 7 Down Street
- Greater London
- W1J 7AJ
- United Kingdom
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|IGAS||AIM (London Stock Exchange AIM Market)||Yes||Ordinary Shares||GB||GBP||Dec 2007|
|K1P3||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Dec 2007|
|IGES.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Dec 2007|
|K1P3||BRSE (Berne Stock Exchange)||Yes||Ordinary Shares||CH||CHF||Dec 2007|
IGas Energy plc operates as an oil and gas exploration and production company Britain. The company holds interests in the 55 licenses at onshore locations in the Weald Basin in the southern England; the Gainsborough Trough in the East Midlands; the Bowland Basin in the North West of England; and the Inner Moray Firth in Scotland. It also generates electricity. The company was founded in 2003 and is based in London, the United Kingdom.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/27 21:38|
|End of Day Share Price||2020/03/27 00:00|
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.