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IGAS

IGas Energy AIM:IGAS Stock Report

Last Price

UK£0.70

Market Cap

UK£88.1m

7D

-7.6%

1Y

326.7%

Updated

26 Sep, 2022

Data

Company Financials +

IGas Energy Competitors

Price History & Performance

Summary of all time highs, changes and price drops for IGas Energy
Historical stock prices
Current Share PriceUK£0.70
52 Week HighUK£1.12
52 Week LowUK£0.13
Beta-0.23
1 Month Change-21.12%
3 Month Change128.29%
1 Year Change326.75%
3 Year Change32.45%
5 Year Change3.24%
Change since IPO-95.47%

Recent News & Updates

Sep 22
IGas Energy's (LON:IGAS) Earnings Aren't As Good As They Appear

IGas Energy's (LON:IGAS) Earnings Aren't As Good As They Appear

Even though IGas Energy plc ( LON:IGAS ) posted strong earnings recently, the stock hasn't reacted in a large way. We...

Shareholder Returns

IGASGB Oil and GasGB Market
7D-7.6%-3.7%-3.2%
1Y326.7%-13.0%-14.6%

Return vs Industry: IGAS exceeded the UK Oil and Gas industry which returned -9.7% over the past year.

Return vs Market: IGAS exceeded the UK Market which returned -14.4% over the past year.

Price Volatility

Is IGAS's price volatile compared to industry and market?
IGAS volatility
IGAS Average Weekly Movement14.0%
Oil and Gas Industry Average Movement8.6%
Market Average Movement5.2%
10% most volatile stocks in GB Market10.8%
10% least volatile stocks in GB Market2.6%

Stable Share Price: IGAS is more volatile than 90% of UK stocks over the past 3 months, typically moving +/- 14% a week.

Volatility Over Time: IGAS's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of UK stocks.

About the Company

FoundedEmployeesCEOWebsite
2003140n/ahttps://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£88.10m
Earnings (TTM)UK£25.63m
Revenue (TTM)UK£51.80m

3.4x

P/E Ratio

1.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
IGAS income statement (TTM)
RevenueUK£51.80m
Cost of RevenueUK£21.35m
Gross ProfitUK£30.45m
Other ExpensesUK£4.83m
EarningsUK£25.63m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Sep 29, 2022

Earnings per share (EPS)0.20
Gross Margin58.79%
Net Profit Margin49.47%
Debt/Equity Ratio13.3%

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

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings 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/Revenue2x
Enterprise Value/EBITDA7.3x
PEG Ratio-0.1x

Price to Earnings Ratio vs Peers

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

IGAS PE Ratio vs Peers
The above table shows the PE ratio for IGAS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average19.6x
PHAR Pharos Energy
2x-42.3%UK£80.2m
ENW Enwell Energy
1.5x-27.7%UK£70.9m
TRIN Trinity Exploration & Production
8.7xn/aUK£45.7m
EDR Egdon Resources
66.4x31.1%UK£38.3m
IGAS IGas Energy
3.4x-31.1%UK£88.1m

Price-To-Earnings vs Peers: IGAS is good value based on its Price-To-Earnings Ratio (3.4x) compared to the peer average (19.6x).


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-Earnings vs Industry: IGAS is good value based on its Price-To-Earnings Ratio (3.4x) compared to the UK Oil and Gas industry average (5.4x)


Price to Earnings Ratio vs Fair Ratio

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

IGAS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio3.4x
Fair PE Ratio4.6x

Price-To-Earnings vs Fair Ratio: IGAS is good value based on its Price-To-Earnings Ratio (3.4x) compared to the estimated Fair Price-To-Earnings Ratio (4.6x).


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 (£0.7) is trading above our estimate of fair value (£0.45)

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 more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.


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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

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-31.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IGAS's earnings are forecast to decline over the next 3 years (-31.1% per year).

Earnings vs Market: IGAS's earnings are forecast to decline over the next 3 years (-31.1% per year).

High Growth Earnings: IGAS's earnings are forecast to decline over the next 3 years.

Revenue vs Market: IGAS's revenue is expected to decline over the next 3 years (-5.6% per year).

High Growth Revenue: IGAS's revenue is forecast to decline over the next 3 years (-5.6% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: IGAS's Return on Equity is forecast to be low in 3 years time (12.3%).


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Past Performance

How has IGas Energy performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-14.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: IGAS has a high level of non-cash earnings.

Growing Profit Margin: IGAS became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: IGAS has become profitable over the past 5 years, growing earnings by -14.9% per year.

Accelerating Growth: IGAS has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: IGAS has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (356.3%).


Return on Equity

High ROE: IGAS's Return on Equity (28.9%) is considered high.


Discover strong past performing companies

Financial Health

How is IGas Energy's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: IGAS's short term assets (£11.8M) do not cover its short term liabilities (£16.7M).

Long Term Liabilities: IGAS's short term assets (£11.8M) do not cover its long term liabilities (£81.7M).


Debt to Equity History and Analysis

Debt Level: IGAS's net debt to equity ratio (10.3%) is considered satisfactory.

Reducing Debt: IGAS's debt to equity ratio has increased from 13% to 13.3% over the past 5 years.

Debt Coverage: IGAS's debt is well covered by operating cash flow (103.6%).

Interest Coverage: IGAS's interest payments on its debt are well covered by EBIT (6.3x coverage).


Balance Sheet


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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

IGas Energy Dividend Yield vs Market
How does IGas Energy dividend yield compare to the market?
SegmentDividend Yield
Company (IGas Energy)n/a
Market Bottom 25% (GB)2.1%
Market Top 25% (GB)5.9%
Industry Average (Oil and Gas)7.9%
Analyst forecast in 3 Years (IGas Energy)n/a

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?

0.7yrs

Average board tenure


CEO

IGas Energy has no CEO, or we have no data on them.


Board Members

Experienced Board: IGAS's board of directors are not considered experienced ( 0.7 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

What is the ownership structure of IGAS?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders345,9530.3%
Public Companies951,0030.8%
Private Companies1,003,5440.8%
Employee Share Scheme1,882,3661.5%
General Public15,413,41812.3%
VC/PE Firms34,214,61527.3%
Institutions71,693,78057.1%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 83.75% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
27.26%
Kerogen Capital
34,214,615£24.0m0%49.5%
9.56%
J O Hambro Capital Management Limited
12,000,000£8.4m0%0.06%
9.24%
Pendal Group Limited
11,600,000£8.1m0%0.09%
7.01%
JPMorgan Chase & Co, Brokerage and Securities Investments
8,803,266£6.2m2277.35%0.01%
6.82%
Royal London Asset Management Limited
8,555,760£6.0m-15.75%0.01%
3.64%
Goldman Sachs Group, Investment Banking and Securities Investments
4,566,114£3.2m0%no data
2.94%
Fleming Family & Partners Ltd.
3,696,026£2.6m0%0.13%
2.74%
Barclays Bank PLC, Wealth and Investment Management Division
3,432,754£2.4m0%0.03%
2.15%
HBOS Investment Fund Managers Limited
2,700,951£1.9m0%0.02%
1.54%
A J Bell Holdings Limited, Asset Management Arm
1,932,309£1.4m0%0.02%
1.5%
IGas Plc Employee Benefit Trust
1,882,366£1.3m0%no data
1.44%
Close Asset Management Limited
1,808,047£1.3m0%0.02%
1.04%
IG Group Holdings Plc, Asset Management Arm
1,301,101£913.4k0%0.13%
0.9%
Charles Stanley & Co. Ltd, Asset Management Arm
1,129,338£792.8k0%0.01%
0.79%
Barclays Investment Solutions Limited
994,354£698.0k0%0.03%
0.75%
HSBC Global Asset Management (UK) Limited
937,178£657.9k0%no data
0.68%
Saxo Bank A/S, Asset Management Arm
849,788£596.6k0%0.09%
0.59%
New Hope Corporation Limited
735,460£516.3k0%no data
0.52%
Investec Wealth & Investment Limited
649,804£456.2k0%no data
0.52%
Lombard Odier Asset Management (Europe) Limited
648,390£455.2k0%0.01%
0.49%
Canaccord Genuity Corp, Asset Management Arm
618,589£434.2k0%3.77%
0.49%
LGT Capital Partners (FL) AG
609,600£427.9k0%0.02%
0.46%
Union Bancaire Privee Asset Management LLC
571,869£401.5k0%0.05%
0.4%
Kog Investments S.À R.L.
500,000£351.0k0%no data
0.3%
Brewin Dolphin Wealth Management Limited
371,067£260.5k0%0.02%

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£88.104m
  • Shares outstanding: 125.50m
  • 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

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

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/26 00:00
End of Day Share Price2022/09/26 00:00
Earnings2022/06/30
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.