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IGas Energy

AIM:IGAS
Snowflake Description

Excellent balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
IGAS
AIM
£89M
Market Cap
  1. Home
  2. GB
  3. Energy
Company description

IGas Energy plc operates as an oil and gas exploration and production company Britain. The last earnings update was 12 days ago. More info.


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IGAS Share Price and Events
7 Day Returns
-3.9%
AIM:IGAS
0.4%
GB Oil and Gas
0.6%
GB Market
1 Year Returns
-10.8%
AIM:IGAS
17.2%
GB Oil and Gas
1.1%
GB Market
IGAS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
IGas Energy (IGAS) -3.9% -1.4% -8.8% -10.8% -74.8% -97.3%
GB Oil and Gas 0.4% 2.6% 7% 17.2% 50.4% -2.9%
GB Market 0.6% 1.9% 6.9% 1.1% 15.6% 6.2%
1 Year Return vs Industry and Market
  • IGAS underperformed the Oil and Gas industry which returned 17.2% over the past year.
  • IGAS underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 1.1% over the past year.
Price Volatility
IGAS
Industry
5yr Volatility vs Market

IGAS Value

 Is IGas 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 IGas 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 IGas Energy.

AIM:IGAS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.5%
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:IGAS
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%) (23.6%))
1.091
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.09
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.091 * 6.65%)
8.48%

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

The calculations below outline how an intrinsic value for IGas 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:IGAS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 8.48%)
2019 2.90 Analyst x1 2.67
2020 5.20 Analyst x2 4.42
2021 8.20 Analyst x2 6.42
2022 3.00 Analyst x1 2.17
2023 1.06 Est @ -64.68% 0.71
2024 0.58 Est @ -44.9% 0.36
2025 0.40 Est @ -31.06% 0.23
2026 0.32 Est @ -21.38% 0.16
2027 0.27 Est @ -14.6% 0.13
2028 0.24 Est @ -9.85% 0.11
Present value of next 10 years cash flows £17.38
AIM:IGAS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= £0.24 × (1 + 1.23%) ÷ (8.48% – 1.23%)
£3.40
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £3.40 ÷ (1 + 8.48%)10
£1.51
AIM:IGAS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £17.38 + £1.51
£18.88
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £18.88 / 121.76
£0.16
AIM:IGAS Discount to Share Price
Calculation Result
Value per share (GBP) From above. £0.16
Current discount Discount to share price of £0.73
= -1 x (£0.73 - £0.16) / £0.16
-370.8%

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

  • The current share price of IGas Energy is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 IGas Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are IGas Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:IGAS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in GBP £-0.18
AIM:IGAS Share Price ** AIM (2019-04-18) in GBP £0.73
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 IGas Energy.

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

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

= 0.73 ÷ -0.18

-4.15x

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

  • IGas Energy is loss making, we can't compare its value to the GB Oil and Gas industry average.
  • IGas 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 IGas Energy's expected growth come at a high price?
Raw Data
AIM:IGAS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -4.15x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
87.7%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 1.48x

*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 IGas Energy, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on IGas Energy's assets?
Raw Data
AIM:IGAS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in GBP £1.33
AIM:IGAS Share Price * AIM (2019-04-18) in GBP £0.73
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:IGAS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.73 ÷ 1.33

0.55x

* Primary Listing of IGas Energy.

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

  • IGas Energy is good value based on assets compared to the GB Oil and Gas industry average.
X
Value checks
We assess IGas 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. IGas Energy has a total score of 1/6, 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.

IGAS Future Performance

 How is IGas Energy expected to perform in the next 1 to 3 years based on estimates from 2 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
87.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is IGas Energy expected to grow at an attractive rate?
  • IGas Energy's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • IGas Energy's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • IGas Energy's revenues are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
AIM:IGAS Future Growth Rates Data Sources
Data Point Source Value (per year)
AIM:IGAS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 87.7%
AIM:IGAS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts -1.9%
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:IGAS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:IGAS Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31
2021-12-31 40 15 14 2
2020-12-31 38 13 9 2
2019-12-31 38 12 5 2
AIM:IGAS Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-12-31 43 13 -21
2018-09-30 42 13 -7
2018-06-30 40 12 7
2018-03-31 38 9 11
2017-12-31 36 7 16
2017-09-30 35 5 8
2017-06-30 35 4 0
2017-03-31 33 8 -16
2016-12-31 30 12 -32

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • IGas Energy's earnings are expected to grow significantly at over 20% yearly.
  • IGas Energy's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:IGAS 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 2 Analyst Estimates (S&P Global) See Below

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

AIM:IGAS Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 0.11 0.11 0.11 1.00
2020-12-31 0.08 0.08 0.08 1.00
2019-12-31 0.05 0.05 0.05 1.00
AIM:IGAS Past Financials Data
Date (Data in GBP Millions) EPS *
2018-12-31 -0.18
2018-09-30 -0.05
2018-06-30 0.04
2018-03-31 0.08
2017-12-31 0.13
2017-09-30 0.10
2017-06-30 0.00
2017-03-31 -0.57
2016-12-31 -2.12

*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 IGas Energy will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess IGas 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.
IGas Energy has a total score of 3/6, 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.

IGAS Past Performance

  How has IGas Energy 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 IGas 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.
  • IGas Energy does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare IGas Energy's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare IGas Energy's 1-year growth to the GB Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
IGas 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 IGas Energy Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:IGAS Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 42.93 -21.37 5.47
2018-09-30 41.54 -7.38 5.40
2018-06-30 40.15 6.61 5.34
2018-03-31 37.97 11.23 5.89
2017-12-31 35.79 15.86 6.44
2017-09-30 35.47 8.00 8.73
2017-06-30 35.14 0.14 11.02
2017-03-31 32.81 -15.81 11.21
2016-12-31 30.47 -31.77 11.41
2015-12-31 33.50 -62.96 7.96
2015-09-30 41.26 -10.47 9.14
2015-06-30 49.71 -2.61 8.84
2015-03-31 58.16 5.25 8.55
2014-09-30 74.17 -11.42 8.18
2014-06-30 75.04 -9.68 8.03
2014-03-31 75.92 -7.93 7.88
2013-12-31 73.53 -12.76 8.46
2013-09-30 71.14 -17.59 9.04
2013-06-30 53.03 -17.43 10.40
2013-03-31 68.30 -18.36 8.35
2012-09-30 51.06 -9.31 6.08
2012-06-30 51.07 -9.31 4.00

*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 IGas 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 IGas 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 IGas 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 IGas 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.
IGas 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.

IGAS Health

 How is IGas 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 IGas Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • IGas Energy is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • IGas Energy's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of IGas 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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.8x 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 IGas Energy Company Filings, last reported 3 months ago.

AIM:IGAS Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 161.68 20.98 15.11
2018-09-30 161.68 20.98 15.11
2018-06-30 180.82 21.25 14.46
2018-03-31 180.82 21.25 14.46
2017-12-31 181.60 21.24 15.73
2017-09-30 181.60 21.24 15.73
2017-06-30 173.32 22.59 16.28
2017-03-31 173.32 22.59 16.28
2016-12-31 70.53 124.58 24.95
2015-12-31 98.77 102.88 28.61
2015-09-30 125.71 101.26 34.48
2015-06-30 125.71 101.26 34.48
2015-03-31 146.62 107.54 19.03
2014-09-30 73.71 109.81 29.05
2014-06-30 73.71 109.81 29.05
2014-03-31 74.32 108.70 28.30
2013-12-31 74.32 108.70 28.30
2013-09-30 69.73 96.73 15.39
2013-06-30 69.73 96.73 15.39
2013-03-31 59.12 190.90 9.83
2012-09-30 54.05 66.92 8.64
2012-06-30 54.05 0.00
  • IGas Energy's level of debt (13%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (146.3% vs 13% today).
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.

  • Whilst loss making IGas Energy has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making IGas Energy has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by % per year.
X
Financial health checks
We assess IGas 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. IGas Energy 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.

IGAS Dividends

 What is IGas 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 IGas Energy dividends.
If you bought £2,000 of IGas 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 IGas Energy's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate IGas 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:IGAS 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 2 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 706 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:IGAS Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31
2019-12-31

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

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

IGAS Management

 What is the CEO of IGas 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
Steve Bowler
COMPENSATION £397,000
AGE 45
TENURE AS CEO 3.9 years
CEO Bio

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 Officer of IGas Energy plc since November 1 2011. Mr. Bowler started his career at Deloitte (formerly Touche Ross) where he qualified as a chartered accountant having spent time in both their audit and corporate finance divisions. In 1999, he joined RBS Hoare Govett (formerly ABN Amro Hoare Govett) where he acted as Adviser and Broker to a wide range of companies with a particular focus on E&P.

CEO Compensation
  • Steve's compensation has increased whilst company is loss making.
  • Steve'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 and age of the IGas Energy management team in years:

3.9
Average Tenure
49
Average Age
  • The tenure for the IGas Energy management team is about average.
Management Team

Steve Bowler

TITLE
CEO & Executive Director
COMPENSATION
£397K
AGE
45
TENURE
3.9 yrs

Julian Tedder

TITLE
Chief Financial Officer
COMPENSATION
£283K
AGE
49
TENURE
3.6 yrs

John Blaymires

TITLE
Chief Operating Officer
COMPENSATION
£307K
AGE
61
TENURE
8.5 yrs

Ross Pearson

TITLE
Technical Director

Thamala Schuetze

TITLE
General Counsel

Ann-Marie Wilkinson

TITLE
Head of Corporate Communications & Director of Corporate Affairs

Peter Foscoe

TITLE
Director of Human Resources
Board of Directors Tenure

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

2
Average Tenure
59
Average Age
  • The average tenure for the IGas Energy board of directors is less than 3 years, this suggests a new board.
Board of Directors

Mike McTighe

TITLE
Non-Executive Chairman
COMPENSATION
£41K
AGE
64
TENURE
1.8 yrs

Steve Bowler

TITLE
CEO & Executive Director
COMPENSATION
£397K
AGE
45
TENURE
7.4 yrs

Cuth McDowell

TITLE
Senior Independent Non-executive Director
COMPENSATION
£60K
AGE
61

Anthony Jackson

TITLE
Non-Executive Director
AGE
59
TENURE
2 yrs

Tushar Kumar

TITLE
Non-Executive Director
AGE
39
TENURE
2 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 IGas 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. IGas 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.

IGAS News

Simply Wall St News

Did You Manage To Avoid IGas Energy's 97% Share Price Wipe Out?

It's nice to see the IGas Energy plc (LON:IGAS) share price up 22% in a week. … In fact the share price has glided down a mountain to land 97% lower after that period. … Over five years IGas Energy improved its earnings per share from a loss-making position.

Simply Wall St -

How Financially Strong Is IGas Energy plc (LON:IGAS)?

IGas Energy plc (LON:IGAS) is a small-cap stock with a market capitalization of UK£117m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Assessing first and foremost the financial health is

Simply Wall St -

How Should Investors Feel About IGas Energy plc's (LON:IGAS) CEO Pay?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Steve Bowler's Compensation Compare With Similar Sized Companies. … According to our data, IGas Energy plc has a market capitalization of UK£113m, and pays its CEO total annual compensation worth UK£397k

Simply Wall St -

These Fundamentals Make IGas Energy plc (LON:IGAS) Truly Worth Looking At

Building up an investment case requires looking at a stock holistically. … Today I've chosen to put the spotlight on IGas Energy plc (LON:IGAS) due to its excellent fundamentals in more than one area. … IGAS

Simply Wall St -

Should You Be Tempted To Sell IGas Energy plc (LON:IGAS) At Its Current PE Ratio?

Yes, this cheaper multiple can initially be attractive, but there are many company-specific elements which are not captured in such a static ratio – such as its growth outlook and debt obligations … In this article, I am going to take you through some key things to consider in order to identify which multiple is the most relevant for

Simply Wall St -

IGas Energy plc (LON:IGAS): What Does The Future Look Like?

In December 2017, IGas Energy plc (LON:IGAS) announced its most recent earnings update, which … finally turned profitable

Simply Wall St -

Should You Be Holding IGas Energy plc (LON:IGAS) Right Now?

IGas Energy’s beta of 0.03 indicates that the company is less volatile relative to the diversified market portfolio. … IGAS’s beta indicates it is a stock that investors may find valuable if they want to reduce the overall market risk exposure of their stock portfolio. … As a result, this aspect of IGAS indicates a higher beta than a similar size company with a lower portion of fixed assets on their balance sheet.

Simply Wall St -

With An ROE Of 8.73%, Has IGas Energy plc's (LON:IGAS) Management Done Well?

Check out our latest analysis for IGas Energy Breaking down Return on Equity Return on Equity (ROE) is a measure of IGas Energy’s profit relative to its shareholders’ equity. … This means IGas Energy returns enough to cover its own cost of equity, with a buffer of 0.43%. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity AIM:IGAS Last Perf May 28th 18 Basically, profit margin measures how much of revenue trickles down into earnings which illustrates how efficient the business is with its cost management.

Simply Wall St -

Is IGas Energy plc's (LON:IGAS) CEO Incentives Align With Yours?

Steve Bowler is the CEO of IGas Energy plc (AIM:IGAS), which has recently grown to a market capitalization of UK£106.66M. … Check out our latest analysis for IGas Energy What has IGAS's performance been like? … Over the last year IGAS produced an earnings of UK£15.86M , moving IGAS from negative territory of -UK£31.77M in the prior year to profitability.

Simply Wall St -

What Should We Expect From IGas Energy Plc's (LON:IGAS) Earnings In The Years Ahead?

Investors may find it useful to understand how market analysts perceive IGas Energy's earnings growth outlook over the next few years and whether the future looks brighter. … See our latest analysis for IGas Energy Analysts' expectations for the upcoming year seems pessimistic, with earnings declining by a double-digit -59.64%. … This means that, we can assume IGas Energy will chip away at a rate of -40.61% every year for the next couple of years.

Simply Wall St -

IGAS Company Info

Description

IGas Energy plc operates as an oil and gas exploration and production company Britain. It 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. The company was founded in 2003 and is based in London, the United Kingdom.

Details
Name: IGas Energy plc
IGAS
Exchange: AIM
Founded: 2003
£88,883,047
121,757,599
Website: http://www.igasplc.com
Address: IGas Energy plc
7 Down Street,
London,
Greater London, W1J 7AJ,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM IGAS Ordinary Shares London Stock Exchange AIM Market GB GBP 28. Dec 2007
OTCPK IGES.F Ordinary Shares Pink Sheets LLC US USD 28. Dec 2007
DB K1P3 Ordinary Shares Deutsche Boerse AG DE EUR 28. Dec 2007
Number of employees
Current staff
Staff numbers
155
IGas Energy employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/21 21:08
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/04/09
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.