AIM:NTQ

Stock Analysis Report

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Executive Summary

Enteq Upstream Plc, together with its subsidiaries, provides reach and recovery products and technologies to the upstream oil and gas services market primarily in the United States. More Details


Snowflake Analysis

Excellent balance sheet and slightly overvalued.

Share Price & News

How has Enteq Upstream's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: NTQ is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: NTQ's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

1.5%

NTQ

-0.7%

GB Energy Services

0.3%

GB Market


1 Year Return

-17.5%

NTQ

-20.9%

GB Energy Services

0.8%

GB Market

Return vs Industry: NTQ exceeded the UK Energy Services industry which returned -20.1% over the past year.

Return vs Market: NTQ underperformed the UK Market which returned 1.1% over the past year.


Shareholder returns

NTQIndustryMarket
7 Day1.5%-0.7%0.3%
30 Day8.2%8.4%3.2%
90 Day3.1%2.2%4.5%
1 Year-17.5%-17.5%-20.7%-20.9%6.7%0.8%
3 Year-32.7%-32.7%-49.9%-53.9%11.5%-1.9%
5 Year29.4%29.4%-55.5%-62.5%41.8%14.5%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Enteq Upstream undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: NTQ (£0.17) is trading below our estimate of fair value (£0.37)

Significantly Below Fair Value: NTQ is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: NTQ is unprofitable, so we can't compare its PE Ratio to the XE Energy Services industry average.

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


Price to Book Ratio

PB vs Industry: NTQ is overvalued based on its PB Ratio (1x) compared to the GB Energy Services industry average (0.9x).


Next Steps

Future Growth

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

95.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: NTQ's revenue (30.5% per year) is forecast to grow faster than the UK market (7.3% per year).

High Growth Revenue: NTQ's revenue (30.5% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NTQ is forecast to be unprofitable in 3 years.


Next Steps

Past Performance

How has Enteq Upstream performed over the past 5 years?

50.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NTQ is currently unprofitable.

Growing Profit Margin: NTQ is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: NTQ is unprofitable, but has reduced losses over the past 5 years at a rate of 50.4% per year.

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

Earnings vs Industry: NTQ is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (-25.6%).


Return on Equity

High ROE: NTQ has a negative Return on Equity (-51.16%), as it is currently unprofitable.


Next Steps

Financial Health

How is Enteq Upstream's financial position?


Financial Position Analysis

Short Term Liabilities: NTQ's short term assets ($13.2M) exceed its short term liabilities ($1.3M).

Long Term Liabilities: NTQ has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: NTQ is debt free.

Reducing Debt: NTQ has not had any debt for 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: NTQ has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if NTQ has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Enteq Upstream current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

8.5yrs

Average management tenure


CEO

Martin Perry (58 yo)

9.92yrs

Tenure

US$501,000

Compensation

Mr. Martin Gordon Perry has been Chief Executive Officer of Enteq Upstream Plc since April 5, 2011. Mr. Perry served as the Chief Executive Officer and Executive Director at Sondex Ltd. He joined the oil i...


CEO Compensation Analysis

Compensation vs Market: Martin's total compensation ($USD501.00K) is above average for companies of similar size in the UK market ($USD335.50K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Martin Perry
CEO & Executive Director9.92yrsUS$501.00k5.73%
$ 641.8k
David Steel
Finance Director6.75yrsUS$308.00k2.39%
$ 267.4k
Raymond Garcia
Chief Operations Officer9.83yrsno datano data
Andrew Law
Commercial Director & Director0.50yrno data1.07%
$ 119.5k

8.5yrs

Average Tenure

59yo

Average Age

Experienced Management: NTQ's management team is seasoned and experienced (8.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Martin Perry
CEO & Executive Director9.92yrsUS$501.00k5.73%
$ 641.8k
David Steel
Finance Director6.75yrsUS$308.00k2.39%
$ 267.4k
Andrew Law
Commercial Director & Director0.50yrno data1.07%
$ 119.5k
Neil Hartley
Independent Non-Executive Director1yrno datano data
Iain Paterson
Non-Executive Chairman4.5yrsUS$38.00k0.75%
$ 83.5k

4.5yrs

Average Tenure

58yo

Average Age

Experienced Board: NTQ's board of directors are considered experienced (4.5 years average tenure).


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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.6%.


Top Shareholders

Company Information

Enteq Upstream Plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Enteq Upstream Plc
  • Ticker: NTQ
  • Exchange: AIM
  • Founded: 2011
  • Industry: Oil and Gas Equipment and Services
  • Sector: Energy
  • Market Cap: UK£11.193m
  • Shares outstanding: 67.83m
  • Website: https://www.enteq.com

Number of Employees


Location

  • Enteq Upstream Plc
  • St Mary's Court
  • The Broadway
  • Amersham
  • Buckinghamshire
  • HP7 0UT
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NTQAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPJul 2011
ENQQ.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJul 2011
5EQDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJul 2011

Biography

Enteq Upstream Plc, together with its subsidiaries, provides reach and recovery products and technologies to the upstream oil and gas services market primarily in the United States. It designs, manufacture...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/03 18:32
End of Day Share Price2021/03/03 00:00
Earnings2020/09/30
Annual Earnings2020/03/31


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.