AIM:RBD

Stock Analysis Report

Executive Summary

Reabold Resources Plc invests in upstream oil and gas projects.


Snowflake Analysis

Adequate balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

7.4%

RBD

9.6%

GB Oil and Gas

-2.4%

GB Market


1 Year Return

-39.2%

RBD

-37.1%

GB Oil and Gas

-25.9%

GB Market

Return vs Industry: RBD underperformed the UK Oil and Gas industry which returned -37.1% over the past year.

Return vs Market: RBD underperformed the UK Market which returned -25.9% over the past year.


Shareholder returns

RBDIndustryMarket
7 Day7.4%9.6%-2.4%
30 Day-29.8%-15.9%-18.0%
90 Day-50.7%-36.5%-29.1%
1 Year-39.2%-39.2%-33.8%-37.1%-22.2%-25.9%
3 Year-51.3%-51.3%-14.3%-25.0%-16.0%-26.6%
5 Year-79.1%-79.1%1.6%-19.4%-4.5%-26.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

0.78x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: RBD is overvalued based on its PB Ratio (0.8x) compared to the GB Oil and Gas industry average (0.4x).


Next Steps

Future Growth

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

-97.6%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if RBD's forecast earnings growth is above the savings rate (0.5%).

Earnings vs Market: Insufficient data to determine if RBD's earnings are forecast to grow faster than the UK market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

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

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


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has Reabold Resources performed over the past 5 years?

-68.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RBD is currently unprofitable.

Growing Profit Margin: RBD is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: RBD is unprofitable, and losses have increased over the past 5 years at a rate of -68% per year.

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

Earnings vs Industry: RBD is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (47.5%).


Return on Equity

High ROE: RBD has a negative Return on Equity (-16.68%), as it is currently unprofitable.


Next Steps

Financial Health

How is Reabold Resources's financial position?


Financial Position Analysis

Short Term Liabilities: RBD's short term assets (£3.6M) exceed its short term liabilities (£842.0K).

Long Term Liabilities: RBD's short term assets (£3.6M) exceed its long term liabilities (£329.0K).


Debt to Equity History and Analysis

Debt Level: RBD is debt free.

Reducing Debt: RBD has no debt compared to 5 years ago when its debt to equity ratio was 111.4%.


Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if RBD'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: Insufficient data to determine if RBD has enough cash runway based on its current free cash flow.

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


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if RBD's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: RBD is not paying a notable dividend for the UK market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of RBD'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?

2.5yrs

Average management tenure


CEO

Stephen Williams (38yo)

2.5s

Tenure

UK£626,000

Compensation

Mr. Stephen Anthony Williams serves as an Independent Non Executive Director of Europa Oil & Gas (Holdings) plc since March 12, 2020. He has been the Co-Chief Executive Officer at Reabold Resources plc sin ...


CEO Compensation Analysis

Compensation vs Market: Stephen's total compensation ($USD766.48K) is above average for companies of similar size in the UK market ($USD335.89K).

Compensation vs Earnings: Stephen's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Stephen Williams
Co-CEO & Executive Director2.5yrsUK£626.00k0.18% £44.6k
Sachin Oza
Co-CEO & Executive Director2.5yrsUK£626.00k0.25% £60.7k
Anthony Samaha
Executive Director & Secretary7.33yrsUK£63.00k0.015% £3.7k
Gordon Murray
Financial Controllerno datano datano data
Horst Lennertz
Senior Fellow & Member of Board of Advisors14.5yrsno datano data

2.5yrs

Average Tenure

46yo

Average Age

Experienced Management: RBD's management team is considered experienced (2.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Stephen Williams
Co-CEO & Executive Director2.5yrsUK£626.00k0.18% £44.6k
Sachin Oza
Co-CEO & Executive Director2.5yrsUK£626.00k0.25% £60.7k
Anthony Samaha
Executive Director & Secretary7.33yrsUK£63.00k0.015% £3.7k
Horst Lennertz
Senior Fellow & Member of Board of Advisors14.5yrsno datano data
Jeremy Edelman
Non-Executive Chairman7.33yrsUK£24.00k0.37% £91.3k
Michael Felton
Non-Executive Director1.58yrsUK£8.00k0.12% £30.6k
Marcos Estanislao Vidmar
Non-Executive Director1.58yrsUK£8.00kno data

2.5yrs

Average Tenure

50yo

Average Age

Experienced Board: RBD's board of directors are not considered experienced ( 2.5 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 129%.


Top Shareholders

Company Information

Reabold Resources Plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Reabold Resources Plc
  • Ticker: RBD
  • Exchange: AIM
  • Founded: 1998
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: UK£24.567m
  • Shares outstanding: 6.73b
  • Website: https://www.reabold.com

Number of Employees


Location

  • Reabold Resources Plc
  • The Broadgate Tower
  • 8th Floor
  • London
  • Greater London
  • EC2A 2EW
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RBDAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPJul 2004

Biography

Reabold Resources Plc invests in upstream oil and gas projects. It has interests in the Oulton project; the Wick project located in the Inner Moray Firth; and the Colter project in Dorset, the United Kingdom. The company was formerly known as Adventis Group plc and changed its name to Reabold Resources Plc in December 2012. The company was incorporated in 1998 and is based in London, the United Kingdom. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/06 22:19
End of Day Share Price2020/04/06 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.