AIM:MATD

Stock Analysis Report

Executive Summary

Petro Matad Limited, together with its subsidiaries, explores for, develops, and produces oil in Mongolia.


Snowflake Analysis

Excellent balance sheet and overvalued.

Share Price & News

How has Petro Matad's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MATD's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-3.3%

MATD

0.8%

GB Oil and Gas

0.05%

GB Market


1 Year Return

-45.3%

MATD

-5.1%

GB Oil and Gas

7.1%

GB Market

Return vs Industry: MATD underperformed the UK Oil and Gas industry which returned -5.1% over the past year.

Return vs Market: MATD underperformed the UK Market which returned 7.1% over the past year.


Shareholder returns

MATDIndustryMarket
7 Day-3.3%0.8%0.05%
30 Day-19.4%-8.2%-1.7%
90 Day-21.6%-7.0%4.1%
1 Year-45.3%-45.3%-0.2%-5.1%12.6%7.1%
3 Year-91.7%-91.7%23.6%8.2%18.4%3.6%
5 Year-17.1%-17.1%42.8%14.6%35.2%4.2%

Price Volatility Vs. Market

How volatile is Petro Matad's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Petro Matad undervalued compared to its fair value and its price relative to the market?

0.63x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate MATD's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate MATD's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: MATD is unprofitable, so we can't compare its PE Ratio to the Oil and Gas industry average.

PE vs Market: MATD 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 MATD's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MATD is good value based on its PB Ratio (0.6x) compared to the GB Oil and Gas industry average (0.7x).


Next Steps

Future Growth

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

77.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MATD is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: MATD is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: MATD is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: MATD is forecast to have no revenue next year.

High Growth Revenue: MATD is forecast to have no revenue next year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if MATD's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Petro Matad performed over the past 5 years?

-36.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MATD is currently unprofitable.

Growing Profit Margin: MATD is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MATD is unprofitable, and losses have increased over the past 5 years at a rate of -36.5% per year.

Accelerating Growth: Unable to compare MATD's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MATD is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (26.8%).


Return on Equity

High ROE: MATD has a negative Return on Equity (-51.06%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Petro Matad's financial position?


Financial Position Analysis

Short Term Liabilities: MATD's short term assets ($16.6M) exceed its short term liabilities ($477.0K).

Long Term Liabilities: MATD has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: MATD is debt free.

Reducing Debt: MATD has not had any debt for past 5 years.


Balance Sheet

Inventory Level: MATD has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if MATD's debt is covered by short term assets.


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: MATD has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: MATD has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of -23.2% each year


Next Steps

Dividend

What is Petro Matad's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.8%markettop25%5.1%industryaverage5.7%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate MATD's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate MATD'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 MATD's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MATD'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 MATD'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?

2.4yrs

Average management tenure


CEO

Mike Buck 0

2.3yrs

Tenure

0

Mr. Michael Buck, also known as Mike, has been the Chief Executive Officer of Petro Matad Limited since November 22, 2017 and serves as its Director since November 22, 2017. Mr. Buck has 28 years of intern ...


Leadership Team

NamePositionTenureCompensationOwnership
Michael Buck
CEO & Director2.3yrsno data1.3% $203.7k
John Henriksen
CFO, Finance Director & Executive Director7.2yrsno data0.56% $88.8k
B. Tamir
Chief Accountant0yrsno datano data
Nick Cousyn
Chief Communications Officer2.4yrsno datano data
Kurt Constenius
Chief Geophysicist0yrsno datano data

2.4yrs

Average Tenure

Experienced Management: MATD's management team is considered experienced (2.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Michael Buck
CEO & Director2.3yrsno data1.3% $203.7k
John Henriksen
CFO, Finance Director & Executive Director7.2yrsno data0.56% $88.8k
Timothy Bushell
Non-Executive Director2.9yrsno data0.16% $24.8k
Enkhmaa Davaanyam
Chairperson4.5yrsno data0.91% $143.3k
Shinezaya Batbold
Non-Executive Director1.4yrsno data0.30% $46.7k

2.9yrs

Average Tenure

50yo

Average Age

Experienced Board: MATD'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 been substantially diluted in the past year, with total shares outstanding growing by 63.7%.


Top Shareholders

Company Information

Petro Matad Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Petro Matad Limited
  • Ticker: MATD
  • Exchange: AIM
  • Founded: 2007
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: €18.849m
  • Listing Market Cap: €15.719m
  • Shares outstanding: 673.19m
  • Website: https://www.petromatadgroup.com

Location

  • Petro Matad Limited
  • Victory House
  • Prospect Hill
  • Douglas
  • IM1 1EQ
  • Isle of Man

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MATDAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPMay 2008
HA3DB (Deutsche Boerse AG)YesOrdinary SharesDEEURMay 2008
PRTD.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDMay 2008

Biography

Petro Matad Limited, together with its subsidiaries, explores for, develops, and produces oil in Mongolia. It holds 100% interests in production sharing contract blocks, including the IV, V and XX blocks that cover a total area of approximately 60,340 square kilometers in Mongolia. The company was incorporated in 2007 and is based in Douglas, the Isle of Man. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/20 21:37
End of Day Share Price2020/02/20 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.