AIM:SDX

Stock Analysis Report

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Executive Summary

SDX Energy plc engages in the exploration, production, and development of oil and gas with a principal focus on North Africa. More Details


Snowflake Analysis

Excellent balance sheet and fair value.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: SDX is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: SDX's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

0%

SDX

2.1%

GB Oil and Gas

0.3%

GB Market


1 Year Return

-8.1%

SDX

-6.7%

GB Oil and Gas

0.8%

GB Market

Return vs Industry: SDX underperformed the UK Oil and Gas industry which returned -6.8% over the past year.

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


Shareholder returns

SDXIndustryMarket
7 Day0%2.1%0.3%
30 Day3.0%12.3%3.2%
90 Day-5.6%16.5%4.5%
1 Year-8.1%-8.1%-1.6%-6.7%6.7%0.8%
3 Year-61.6%-61.6%3.9%-10.3%11.5%-1.9%
5 Yearn/a49.0%17.8%41.8%14.5%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is SDX Energy 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: SDX (£0.17) is trading below our estimate of fair value (£0.71)

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: SDX is good value based on its PB Ratio (0.5x) compared to the GB Oil and Gas industry average (1x).


Next Steps

Future Growth

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

-10.2%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if SDX's forecast earnings growth is above the savings rate (1%).

Earnings vs Market: Insufficient data to determine if SDX'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: SDX's revenue is expected to decline over the next 3 years (-10.2% per year).

High Growth Revenue: SDX's revenue is forecast to decline over the next 3 years (-10.2% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has SDX Energy performed over the past 5 years?

-24.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SDX is currently unprofitable.

Growing Profit Margin: SDX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SDX is unprofitable, and losses have increased over the past 5 years at a rate of 24.2% per year.

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

Earnings vs Industry: SDX is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-47%).


Return on Equity

High ROE: SDX has a negative Return on Equity (-24.39%), as it is currently unprofitable.


Next Steps

Financial Health

How is SDX Energy's financial position?


Financial Position Analysis

Short Term Liabilities: SDX's short term assets ($34.2M) exceed its short term liabilities ($27.3M).

Long Term Liabilities: SDX's short term assets ($34.2M) exceed its long term liabilities ($7.5M).


Debt to Equity History and Analysis

Debt Level: SDX is debt free.

Reducing Debt: SDX had no debt 5 years ago.


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: SDX has sufficient cash runway for more than 3 years based on its current free cash flow.

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


Next Steps

Dividend

What is SDX Energy current dividend yield, its reliability and sustainability?

2.10%

Forecast Dividend Yield


Dividend Yield vs Market

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

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

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

2.8yrs

Average board tenure


CEO

Mark Reid (52 yo)

1.83yrs

Tenure

US$345,933

Compensation

Mr. Mark Reid served as Chief Financial Officer of SDX Energy plc since November 13, 2015 until November 2019. and also served as its Interim Chief Executive Officer since May 31, 2019 until November 2019....


CEO Compensation Analysis

Compensation vs Market: Mark's total compensation ($USD345.93K) is about average for companies of similar size in the UK market ($USD335.50K).

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


Board Members

NamePositionTenureCompensationOwnership
Mark Reid
CEO & Executive Director1.83yrsUS$345.93k0.34%
$ 117.8k
Nicholas Box
CFO, Group Financial Controller & Executive Director1.33yrsUS$184.75k0.047%
$ 16.5k
Timothy James Linacre
Independent Non-Executive Director2.75yrsUS$48.94k0.078%
$ 27.2k
Michael Doyle
Independent Non-Executive Chairman5.42yrsUS$76.80k1.06%
$ 368.8k
David John Mitchell
Independent Non-Executive Director5.42yrsUS$49.07k0.88%
$ 307.6k
Catherine Elizabeth Stalker
Independent Non-Executive Director1.08yrsno data0.054%
$ 18.9k
Amro Saad Al Menhali
Independent Non-Executive Director1.33yrsUS$5.82kno data

2.8yrs

Average Tenure

51.5yo

Average Age

Experienced Board: SDX's board of directors are not considered experienced ( 2.8 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

SDX Energy plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: SDX Energy plc
  • Ticker: SDX
  • Exchange: AIM
  • Founded: 2019
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: UK£34.914m
  • Shares outstanding: 205.38m
  • Website: https://www.sdxenergy.com

Number of Employees


Location

  • SDX Energy plc
  • 38 Welbeck Street
  • London
  • Greater London
  • W1G 8DP
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
3KXDB (Deutsche Boerse AG)YesCommon SharesDEEURApr 2010
SDXE.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDApr 2010
SDXAIM (London Stock Exchange AIM Market)YesCommon SharesGBGBPApr 2010
SDXE.FOTCPK (Pink Sheets LLC)ORD SHSUSUSDMay 2019

Biography

SDX Energy plc engages in the exploration, production, and development of oil and gas with a principal focus on North Africa. The company has interest in two producing assets, including 50% in North West G...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/03 20:25
End of Day Share Price2021/03/03 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.