AIM:SENX

Stock Analysis Report

Executive Summary

Serinus Energy plc, together with its subsidiaries, engages in the exploration and development of oil and gas properties.


Snowflake Analysis

Slightly overvalued with limited growth.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: SENX has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

SENX

-0.8%

GB Oil and Gas

-0.9%

GB Market


1 Year Return

-32.8%

SENX

-6.1%

GB Oil and Gas

6.2%

GB Market

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

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


Shareholder returns

SENXIndustryMarket
7 Day0%-0.8%-0.9%
30 Day17.1%-10.2%-3.1%
90 Day6.2%-8.2%3.9%
1 Year-32.8%-32.8%-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 Serinus Energy's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Serinus 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: SENX (£0.1) is trading below our estimate of fair value (£2.5)

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: SENX is overvalued based on its PB Ratio (3x) compared to the GB Oil and Gas industry average (0.7x).


Next Steps

Future Growth

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

79.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: SENX's revenue (76.4% per year) is forecast to grow faster than the UK market (3.5% per year).

High Growth Revenue: SENX's revenue (76.4% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has Serinus Energy performed over the past 5 years?

42.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SENX is currently unprofitable.

Growing Profit Margin: SENX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SENX is unprofitable, but has reduced losses over the past 5 years at a rate of 42.3% per year.

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

Earnings vs Industry: SENX 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: SENX has a negative Return on Equity (-83.01%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Serinus Energy's financial position?


Financial Position Analysis

Short Term Liabilities: SENX's short term assets ($13.6M) do not cover its short term liabilities ($33.4M).

Long Term Liabilities: SENX's short term assets ($13.6M) do not cover its long term liabilities ($73.5M).


Debt to Equity History and Analysis

Debt Level: SENX's debt to equity ratio (301.7%) is considered high.

Reducing Debt: SENX's debt to equity ratio has increased from 21.5% to 301.7% over the past 5 years.


Balance Sheet

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

Debt Coverage by Assets: SENX's debt is not covered by short term assets (assets are 0.5x 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: Whilst unprofitable SENX has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: SENX is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -1.7% per year.


Next Steps

Dividend

What is Serinus Energy's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if SENX'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 SENX'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 management tenure


CEO

Jeffrey Auld (52yo)

3.4yrs

Tenure

US$648,430

Compensation

Mr. Jeffrey David Auld, MBA, BA (Econ), has been the Chief Executive Officer and President of Serinus Energy Inc. since September 1, 2016. Mr. Auld served as General Director of Serinus Energy Inc. until O ...


CEO Compensation Analysis

Compensation vs Market: Jeffrey's total compensation ($USD648.43K) is above average for companies of similar size in the UK market ($USD325.33K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Jeffrey Auld
CEO, President & Non-Independent Director3.4yrsUS$648.43k0.0093% $2.1k
Andrew Fairclough
CFO & Non-Independent Director0yrsno datano data
Judicael Tinss
Chief Operating Officer0.7yrsno datano data
Haithem Ben Hassen
President of Serinus Energy Tunisia B.V.2.1yrsno datano data
Alexandra Damascan
President of Serinus Energy Romania SA2.1yrsno datano data
Timothy Elliott
3.5yrsUS$1.72mno data
Jock Graham
3.5yrsUS$1.33mno data

2.8yrs

Average Tenure

52yo

Average Age

Experienced Management: SENX's management team is considered experienced (2.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jeffrey Auld
CEO, President & Non-Independent Director3.4yrsUS$648.43k0.0093% $2.1k
Andrew Fairclough
CFO & Non-Independent Director0yrsno datano data
James E. Causgrove
Independent Director2.4yrsUS$31.90kno data
Eleanor Barker
Independent Director2.8yrsUS$37.97k0.042% $9.6k
Dawid Jakubowicz
Non-Independent Director1.9yrsUS$13.95kno data
Lukasz Redziniak
Chairman of the Board1.9yrsUS$23.25kno data

2.4yrs

Average Tenure

52yo

Average Age

Experienced Board: SENX's board of directors are not considered experienced ( 2.4 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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 30.2%.


Top Shareholders

Company Information

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


Key Information

  • Name: Serinus Energy plc
  • Ticker: SENX
  • Exchange: AIM
  • Founded: 1987
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: zł117.052m
  • Listing Market Cap: zł22.867m
  • Shares outstanding: 238.88m
  • Website: https://www.serinusenergy.com

Number of Employees


Location

  • Serinus Energy plc
  • 28 Esplanade
  • St. Helier
  • JE1 8SB
  • Jersey

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SENWSE (Warsaw Stock Exchange)YesCommon SharesPLPLNMay 2010
SENXAIM (London Stock Exchange AIM Market)YesCommon SharesGBGBPMay 2010
SNUY.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDMay 2010

Biography

Serinus Energy plc, together with its subsidiaries, engages in the exploration and development of oil and gas properties. It owns a 100% deemed working interest in the Satu Mare concession covering an area of approximately 729,000 acres situated within the Pannonian Basin, Romania. The company also holds 45% working interest in the Sabria concession, which covers an area of approximately 26,195 gross acres; 100% working interest in the Chouech Es Saida concession covering an area of approximately 52,480 acres; 100% working interest in the Ech Chouech concession that covers an area of approximately 33,920 acres; 100% working interest in the Zinnia concession covering an area of approximately 17,920 acres; and 100% working interest in the Sanrhar concession, which covers an area of approximately 36,879 acres located in Tunisia. As of December 31, 2018, it had 10.8 million barrels of oil equivalent proved and probable reserves. The company was incorporated in 1987 and is headquartered in St. Helier, Jersey. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/19 22:01
End of Day Share Price2020/02/19 00:00
Earnings2019/09/30
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.