AIM:OEX

Stock Analysis Report

Executive Summary

Oilex Ltd engages in the exploration for, appraisal, development, production, and sale of oil and gas in Australia, India, and Indonesia.


Snowflake Analysis

Worrying balance sheet with weak fundamentals.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

OEX

0.8%

GB Oil and Gas

0.05%

GB Market


1 Year Return

-36.0%

OEX

-5.1%

GB Oil and Gas

7.1%

GB Market

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

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


Shareholder returns

OEXIndustryMarket
7 Day0%0.8%0.05%
30 Day-11.1%-8.2%-1.7%
90 Day-23.8%-7.0%4.1%
1 Year-36.0%-36.0%-0.2%-5.1%12.6%7.1%
3 Year-57.3%-57.3%23.6%8.2%18.4%3.6%
5 Year-90.2%-90.2%42.8%14.6%35.2%4.2%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

2.31x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: OEX is overvalued based on its PB Ratio (2.3x) compared to the GB Oil and Gas industry average (0.7x).


Next Steps

Future Growth

How is Oilex forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

5.8%

Forecasted Energy industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Oilex has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Oilex performed over the past 5 years?

24.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: OEX is currently unprofitable.

Growing Profit Margin: OEX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: OEX is unprofitable, but has reduced losses over the past 5 years at a rate of 24.8% per year.

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

Earnings vs Industry: OEX 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: OEX has a negative Return on Equity (-92.67%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Oilex's financial position?


Financial Position Analysis

Short Term Liabilities: OEX's short term assets (A$2.2M) do not cover its short term liabilities (A$2.3M).

Long Term Liabilities: OEX's short term assets (A$2.2M) do not cover its long term liabilities (A$3.7M).


Debt to Equity History and Analysis

Debt Level: OEX's debt to equity ratio (16.8%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if OEX's debt to equity ratio has reduced over the past 5 years.


Balance Sheet

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

Debt Coverage by Assets: OEX's debt is covered by short term assets (assets are 3.8x 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: OEX has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: OEX has less than a year of cash runway if free cash flow continues to grow at historical rates of 18.2% each year.


Next Steps

Dividend

What is Oilex'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 OEX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

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

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

3.7yrs

Average management tenure


CEO

Joe Salomon (62yo)

3.9yrs

Tenure

AU$260,058

Compensation

Mr. Jonathan Arnold Salomon, also known as Joe, B APP SC (Geology), GAICD, has been Managing Director of Oilex Ltd. since March 18, 2016. Mr. Salomon served as Executive Director and Technical Director of  ...


CEO Compensation Analysis

Compensation vs Market: Joe's total compensation ($USD171.96K) is below average for companies of similar size in the UK market ($USD321.87K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Jonathan Salomon
MD & Director3.9yrsAU$260.06k0.44% A$23.1k
Mark Bolton
CFO & Company Secretary3.7yrsAU$230.68kno data
Ashish Khare
Head of India Assets3.3yrsAU$175.74kno data
Cathal Smith
Legal Counsel and Commercial Manager0yrsno datano data
Ranjeet Saroha
Head of HR & Corporate Affairs0yrsno datano data
Andrea Bissett
Financial Controller0yrsno datano data

3.7yrs

Average Tenure

Experienced Management: OEX's management team is considered experienced (3.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jonathan Salomon
MD & Director3.9yrsAU$260.06k0.44% A$23.1k
Bradley Lingo
Non-Executive Chairman3yrsAU$70.96k0.40% A$21.0k
Peter Schwarz
Independent Non-Executive Director0.4yrsno datano data
Paul Haywood
Independent Non-Executive Director2.8yrsAU$54.96k0.097% A$5.1k

2.9yrs

Average Tenure

60yo

Average Age

Experienced Board: OEX'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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 33%.


Top Shareholders

Company Information

Oilex Ltd's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Oilex Ltd
  • Ticker: OEX
  • Exchange: AIM
  • Founded: 1997
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: AU$10.279m
  • Listing Market Cap: AU$5.279m
  • Shares outstanding: 3.43b
  • Website: https://www.oilex.com.au

Location

  • Oilex Ltd
  • 11 Lucknow Place
  • Level 2
  • West Perth
  • Western Australia
  • 6005
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
OEXASX (Australian Securities Exchange)YesOrdinary SharesAUAUDOct 2003
OEXAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPOct 2003
OIEX.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDOct 2003
OLXDB (Deutsche Boerse AG)YesOrdinary SharesDEEUROct 2003
OEXCHIA (Chi-X Australia)YesOrdinary SharesAUAUDOct 2003

Biography

Oilex Ltd engages in the exploration for, appraisal, development, production, and sale of oil and gas in Australia, India, and Indonesia. It primarily holds 45% interest in the Cambay field located in the Cambay basin, onshore Gujarat, India. The company was incorporated in 1997 and is based in West Perth, Australia. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/20 21:08
End of Day Share Price2020/02/20 00:00
Earnings2019/06/30
Annual Earnings2019/06/30


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.