AIM:PGR

Stock Analysis Report

Phoenix Global Resources

Executive Summary

Phoenix Global Resources plc operates as an independent oil and gas exploration and production company in Argentina.

Risk Analysis

Has less than 1 year of cash runway

Shareholders have been substantially diluted in the past year

Currently unprofitable and not forecast to become profitable over the next 3 years

Highly volatile share price over past 3 months



Snowflake Analysis

Weak fundamentals or lack of information.


Similar Companies

Share Price & News

How has Phoenix Global Resources's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-1.4%

PGR

-0.8%

GB Oil and Gas

-0.9%

GB Market


1 Year Return

-41.6%

PGR

-6.1%

GB Oil and Gas

6.2%

GB Market

Return vs Industry: PGR underperformed the UK Oil and Gas industry which returned -6.1% over the past year.

Return vs Market: PGR underperformed the UK Market which returned 6.2% over the past year.


Shareholder returns

PGRIndustryMarket
7 Day-1.4%-0.8%-0.9%
30 Day-25.5%-10.2%-3.1%
90 Day-17.4%-8.2%3.9%
1 Year-41.6%-41.6%-1.2%-6.1%11.9%6.2%
3 Yearn/a20.8%5.6%17.3%2.4%
5 Yearn/a43.2%14.4%34.1%3.2%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Phoenix Global Resources undervalued compared to its fair value and its price relative to the market?

2.12x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: PGR is overvalued based on its PB Ratio (2.2x) compared to the GB Oil and Gas industry average (0.7x).


Next Steps

Future Growth

How is Phoenix Global Resources forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

44.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: PGR's revenue is expected to decline over the next 3 years (-13.8% per year).

High Growth Revenue: PGR's revenue is forecast to decline over the next 3 years (-13.8% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has Phoenix Global Resources performed over the past 5 years?

-36.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PGR is currently unprofitable.

Growing Profit Margin: PGR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PGR is unprofitable, and losses have increased over the past 5 years at a rate of -36.4% per year.

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

Earnings vs Industry: PGR is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (24.4%).


Return on Equity

High ROE: PGR has a negative Return on Equity (-23.69%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Phoenix Global Resources's financial position?


Financial Position Analysis

Short Term Liabilities: PGR's short term assets ($95.4M) do not cover its short term liabilities ($126.4M).

Long Term Liabilities: PGR's short term assets ($95.4M) do not cover its long term liabilities ($296.0M).


Debt to Equity History and Analysis

Debt Level: PGR's debt to equity ratio (88.1%) is considered high.

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


Balance Sheet

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

Debt Coverage by Assets: PGR's debt is not covered by short term assets (assets are 0.4x 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: PGR has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: PGR has less than a year of cash runway if free cash flow continues to reduce at historical rates of -48.1% each year


Next Steps

Dividend

What is Phoenix Global Resources's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.8%markettop25%5.1%industryaverage5.8%forecastin3Years0%

Current dividend yield vs market & industry

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

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

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

1.9yrs

Average board tenure


CEO

Phoenix Global Resources has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
Kevin Dennehy
CFO & Executive Director1.3yrsUS$550.00k0.0014% $5.7k
Michael Derek Rake
Non-Executive Chairman2.5yrsUS$214.00k0.027% $107.5k
John William Bentley
Senior Independent Director0yrsUS$86.00k0.0015% $6.0k
Ricardo Nicolas Huergo
Representative Director12.3yrsUS$67.00k0.035% $136.7k
Daniel Jaeggi
Representative Director1.3yrsno datano data
Martin Bachmann
Independent Non-Executive Director0.4yrsno datano data
David Jackson
Independent Non-Executive Director7.6yrsUS$67.00k0.044% $172.8k
Javier Alvarez
Independent Non-Executive Director7.6yrsUS$67.00kno data
Tim Harrington
Non-Executive Director1.3yrsUS$9.00kno data

1.9yrs

Average Tenure

60yo

Average Age

Experienced Board: PGR's board of directors are not considered experienced ( 1.9 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 substantially diluted in the past year, with total shares outstanding growing by 62.9%.


Top Shareholders

Company Information

Phoenix Global Resources plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Phoenix Global Resources plc
  • Ticker: PGR
  • Exchange: AIM
  • Founded: 2017
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: UK£394.081m
  • Shares outstanding: 2.79b
  • Website: https://www.phoenixglobalresources.com

Number of Employees


Location

  • Phoenix Global Resources plc
  • King’s House
  • 6th Floor
  • London
  • Greater London
  • SW1Y 4BP
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PGRAIM (London Stock Exchange AIM Market)YesOrdinary Shares GBGBPAug 2017
PGRBASE (Buenos Aires Stock Exchange)YesOrdinary Shares ARARSAug 2017

Biography

Phoenix Global Resources plc operates as an independent oil and gas exploration and production company in Argentina. The company is headquartered in London, the United Kingdom. Phoenix Global Resources plc is a subsidiary of Upstream Capital Partners VI Limited. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/19 23:21
End of Day Share Price2020/02/19 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.