company background image
IGAS

IGas Energy AIM:IGAS Stock Report

Last Price

UK£0.76

Market Cap

UK£94.8m

7D

29.9%

1Y

395.7%

Updated

17 Aug, 2022

Data

Company Financials +
IGAS fundamental analysis
Snowflake Score
Valuation1/6
Future Growth3/6
Past Performance0/6
Financial Health4/6
Dividends0/6

IGAS Stock Overview

IGas Energy plc operates as an oil and gas development, exploration, and production company in the United Kingdom.

IGas Energy Competitors

Price History & Performance

Summary of all time highs, changes and price drops for IGas Energy
Historical stock prices
Current Share PriceUK£0.76
52 Week HighUK£0.90
52 Week LowUK£0.13
Beta0.21
1 Month Change118.18%
3 Month Change110.00%
1 Year Change395.74%
3 Year Change43.18%
5 Year Change37.14%
Change since IPO-95.12%

Recent News & Updates

Jun 30
Is IGas Energy (LON:IGAS) Using Too Much Debt?

Is IGas Energy (LON:IGAS) Using Too Much Debt?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...

Shareholder Returns

IGASGB Oil and GasGB Market
7D29.9%2.4%-0.2%
1Y395.7%-6.2%-9.0%

Return vs Industry: IGAS exceeded the UK Oil and Gas industry which returned -7.2% over the past year.

Return vs Market: IGAS exceeded the UK Market which returned -8.2% over the past year.

Price Volatility

Is IGAS's price volatile compared to industry and market?
IGAS volatility
IGAS Average Weekly Movement12.5%
Oil and Gas Industry Average Movement8.7%
Market Average Movement5.3%
10% most volatile stocks in GB Market10.9%
10% least volatile stocks in GB Market2.7%

Stable Share Price: IGAS is more volatile than 90% of UK stocks over the past 3 months, typically moving +/- 13% a week.

Volatility Over Time: IGAS's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of UK stocks.

About the Company

FoundedEmployeesCEOWebsite
2003140Steve Bowlerhttps://www.igasplc.com

IGas Energy plc operates as an oil and gas development, exploration, and production company in the United Kingdom. The company holds interests in the 50 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.

IGas Energy Fundamentals Summary

How do IGas Energy's earnings and revenue compare to its market cap?
IGAS fundamental statistics
Market CapUK£94.83m
Earnings (TTM)-UK£6.04m
Revenue (TTM)UK£37.92m

2.5x

P/S Ratio

-15.7x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
IGAS income statement (TTM)
RevenueUK£37.92m
Cost of RevenueUK£19.11m
Gross ProfitUK£18.81m
Other ExpensesUK£24.85m
Earnings-UK£6.04m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Sep 15, 2022

Earnings per share (EPS)-0.048
Gross Margin49.61%
Net Profit Margin-15.92%
Debt/Equity Ratio21.6%

How did IGAS perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is IGAS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for IGAS?

Other financial metrics that can be useful for relative valuation.

IGAS key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue3x
Enterprise Value/EBITDA21.3x
PEG Ration/a

Price to Sales Ratio vs Peers

How does IGAS's PS Ratio compare to its peers?

IGAS PS Ratio vs Peers
The above table shows the PS ratio for IGAS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average3.7x
PHAR Pharos Energy
1.1x3.6%UK£108.2m
PMG Parkmead Group
12.2xn/aUK£81.5m
ENW Enwell Energy
0.8x-14.1%UK£65.1m
TRIN Trinity Exploration & Production
0.8x22.1%UK£41.5m
IGAS IGas Energy
2.5x1.2%UK£94.8m

Price-To-Sales vs Peers: IGAS is good value based on its Price-To-Sales Ratio (2.5x) compared to the peer average (3.7x).


Price to Earnings Ratio vs Industry

How does IGAS's PE Ratio compare vs other companies in the GB Oil and Gas Industry?

Price-To-Sales vs Industry: IGAS is expensive based on its Price-To-Sales Ratio (2.5x) compared to the UK Oil and Gas industry average (2x)


Price to Sales Ratio vs Fair Ratio

What is IGAS's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

IGAS PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2.5x
Fair PS Ratio1.3x

Price-To-Sales vs Fair Ratio: IGAS is expensive based on its Price-To-Sales Ratio (2.5x) compared to the estimated Fair Price-To-Sales Ratio (1.3x).


Share Price vs Fair Value

What is the Fair Price of IGAS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: IGAS (£0.76) is trading above our estimate of fair value (£0.22)

Significantly Below Fair Value: IGAS is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is less than 20% higher than the current share price.


Discover undervalued companies

Future Growth

How is IGas Energy forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


39.8%

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 (0.9%).

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 is expected to become profitable in the next 3 years.

Revenue vs Market: IGAS's revenue (1.2% per year) is forecast to grow slower than the UK market (4.6% per year).

High Growth Revenue: IGAS's revenue (1.2% per year) is forecast to grow slower than 20% 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


Discover growth companies

Past Performance

How has IGas Energy performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-29.2%

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, and losses have increased over the past 5 years at a rate of 29.2% 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 (334.7%).


Return on Equity

High ROE: IGAS has a negative Return on Equity (-8.8%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is IGas Energy's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: IGAS's short term assets (£9.9M) do not cover its short term liabilities (£11.5M).

Long Term Liabilities: IGAS's short term assets (£9.9M) do not cover its long term liabilities (£88.3M).


Debt to Equity History and Analysis

Debt Level: IGAS's net debt to equity ratio (16.8%) is considered satisfactory.

Reducing Debt: IGAS's debt to equity ratio has reduced from 172.2% to 21.6% 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: 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, due to free cash flow being positive and growing by 11% per year.


Discover healthy companies

Dividend

What is IGas Energy current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

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 recent payouts.

High Dividend: Unable to evaluate IGAS's dividend yield against the top 25% of dividend payers, as the company has not reported any recent 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.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as IGAS has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

3.0yrs

Average board tenure


CEO

Steve Bowler (49 yo)

7.25yrs

Tenure

UK£600,000

Compensation

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 ($USD722.73K) is above average for companies of similar size in the UK market ($USD335.96K).

Compensation vs Earnings: Steve's compensation has increased whilst the company is unprofitable.


Board Members

Experienced Board: IGAS's board of directors are not considered experienced ( 3 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

IGas Energy plc's employee growth, exchange listings and data sources


Key Information

  • Name: IGas Energy plc
  • Ticker: IGAS
  • Exchange: AIM
  • Founded: 2003
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Implied Market Cap: UK£94.834m
  • Shares outstanding: 125.44m
  • Website: https://www.igasplc.com

Number of Employees


Location

  • IGas Energy plc
  • Welton Gathering Centre
  • Barfield Lane off Wragby Road
  • Lincoln
  • Lincolnshire
  • LN2 2QX
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/17 00:00
End of Day Share Price2022/08/17 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.