AIM:IGAS

Stock Analysis Report

Executive Summary

IGas Energy plc operates as an oil and gas exploration and production company Britain.


Snowflake Analysis

Excellent balance sheet with moderate growth potential.


Similar Companies

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.


Market Performance


7 Day Return

6.1%

IGAS

15.3%

GB Oil and Gas

5.9%

GB Market


1 Year Return

-66.2%

IGAS

-42.8%

GB Oil and Gas

-22.7%

GB Market

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.


Shareholder returns

IGASIndustryMarket
7 Day6.1%15.3%5.9%
30 Day-30.9%-33.7%-23.1%
90 Day-44.3%-42.4%-28.1%
1 Year-66.2%-66.2%-39.9%-42.8%-18.6%-22.7%
3 Year-72.4%-72.4%-21.8%-31.7%-13.4%-24.7%
5 Year-94.7%-94.7%-4.1%-24.0%1.3%-22.0%

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

Valuation

Is IGas Energy undervalued compared to its fair value and its price relative to the market?

0.19x

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).


Next Steps

Future Growth

How is IGas Energy forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

51.6%

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


Next Steps

Past Performance

How has IGas Energy performed over the past 5 years?

7.2%

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, 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.


Next Steps

Financial Health

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.


Balance Sheet

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.


Next Steps

Dividend

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.


Next Steps

Management

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

2.9yrs

Average board tenure


CEO

Steve Bowler (46yo)

4.83s

Tenure

UK£520,000

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 ($USD645.45K) is above average for companies of similar size in the UK market ($USD330.32K).

Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Stephen Bowler
CEO & Executive Director4.83yrsUK£520.00k0.058% £18.3k
Cuthberg McDowell
Interim Independent Non-executive Chairman & Senior Independent Non-executive Director0.42yrUK£60.00k0.18% £56.8k
Tushar Kumar
Non-Executive Director2.92yrsUK£45.00kno data
Hans Fredrik Arstad
Non-Executive Director0.83yrno datano data
Anthony Jackson
Non-Executive Director2.92yrsUK£55.00kno data

2.9yrs

Average Tenure

46yo

Average Age

Experienced Board: IGAS's board of directors are not considered experienced ( 2.9 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 company bio, 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
  • Market Cap: UK£31.385m
  • Shares outstanding: 121.18m
  • Website: https://www.igasplc.com

Number of Employees


Location

  • IGas Energy plc
  • 7 Down Street
  • London
  • Greater London
  • W1J 7AJ
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IGASAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPDec 2007
K1P3DB (Deutsche Boerse AG)YesOrdinary SharesDEEURDec 2007
IGES.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDDec 2007
K1P3BRSE (Berne Stock Exchange)YesOrdinary SharesCHCHFDec 2007

Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/27 21:38
End of Day Share Price2020/03/27 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.