Serinus Energy (AIM:SENX) - Share price, News & Analysis

SENX fundamental analysis
Snowflake Score
Valuation	6/6
Future Growth	3/6
Past Performance	3/6
Financial Health	5/6
Dividends	0/6

SENX Stock Overview

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

Rewards

Trading at 97.4% below our estimate of its fair value

Earnings are forecast to grow 5.64% per year

Became profitable this year

Risk Analysis

High level of non-cash earnings

Volatile share price over the past 3 months

Does not have a meaningful market cap (£17M)

Serinus Energy Competitors

Enwell Energy

AIM:ENW

UK£71.0m

Cadogan Petroleum

LSE:CAD

UK£7.9m

Price History & Performance

Summary of all time highs, changes and price drops for Serinus Energy
Historical stock prices
Current Share Price	UK£0.16
52 Week High	UK£0.29
52 Week Low	UK£0.13
Beta	0
1 Month Change	-8.45%
3 Month Change	1.56%
1 Year Change	-33.67%
3 Year Change	-87.50%
5 Year Change	n/a
Change since IPO	-90.15%

Recent News & Updates

May 17

Returns On Capital Are Showing Encouraging Signs At Serinus Energy (LON:SENX)

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...

Mar 24

Serinus Energy plc (LON:SENX) Reported Earnings Last Week And Analysts Are Already Upgrading Their Estimates

There's been a notable change in appetite for Serinus Energy plc ( LON:SENX ) shares in the week since its full-year...

Shareholder Returns

	SENX	GB Oil and Gas	GB Market
7D	-12.2%	1.7%	1.1%
1Y	-33.7%	22.1%	-2.5%

Return vs Industry: SENX underperformed the UK Oil and Gas industry which returned 18.4% over the past year.

Return vs Market: SENX underperformed the UK Market which returned -2.5% over the past year.

Price Volatility

Is SENX's price volatile compared to industry and market?
SENX volatility
SENX Average Weekly Movement	11.5%
Oil and Gas Industry Average Movement	10.0%
Market Average Movement	6.1%
10% most volatile stocks in GB Market	11.7%
10% least volatile stocks in GB Market	3.2%

Stable Share Price: SENX is more volatile than 75% of UK stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: SENX's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of UK stocks.

About the Company

Founded	Employees	CEO	Website
1987	n/a	Jeffrey Auld	https://www.serinusenergy.com

Serinus Energy plc, together with its subsidiaries, engages in the exploration and development of oil and gas properties in Tunisia and Romania. 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 26,196 gross acres; 100% working interest in the Chouech Es Saida concession covering an area of approximately 42,526 gross acres; 100% working interest in the Ech Chouech concession that covers an area of approximately 35,139 gross acres; 100% working interest in the Zinnia concession covering an area of approximately 17,471 gross acres; and 100% working interest in the Sanrhar concession, which covers an area of approximately 36,879 gross acres located in Tunisia.

Serinus Energy Fundamentals Summary

How do Serinus Energy's earnings and revenue compare to its market cap?
SENX fundamental statistics
Market Cap	US$20.64m
Earnings (TTM)	US$10.48m
Revenue (TTM)	US$45.77m

2.2x

P/E Ratio

0.5x

P/S Ratio

Is SENX overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
SENX income statement (TTM)
Revenue	US$45.77m
Cost of Revenue	US$12.81m
Gross Profit	US$32.96m
Other Expenses	US$22.48m
Earnings	US$10.48m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 15, 2022

Earnings per share (EPS)	0.094
Gross Margin	72.02%
Net Profit Margin	22.90%
Debt/Equity Ratio	0%

How did SENX perform over the long term?

See historical performance and comparison

Valuation

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

Valuation Score

6/6

Valuation Score 6/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: SENX (£0.16) is trading below our estimate of fair value (£6.18)

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

Price To Earnings Ratio

PE vs Industry: SENX is good value based on its PE Ratio (2.2x) compared to the UK Oil and Gas industry average (10.3x).

PE vs Market: SENX is good value based on its PE Ratio (2.2x) compared to the UK market (15.3x).

Price to Earnings Growth Ratio

PEG Ratio: SENX is good value based on its PEG Ratio (0.4x)

Price to Book Ratio

PB vs Industry: SENX is good value based on its PB Ratio (0.6x) compared to the GB Oil and Gas industry average (1.1x).

Future Growth

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

Future Growth Score

3/6

Future Growth Score 3/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

5.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SENX's forecast earnings growth (5.6% per year) is above the savings rate (0.9%).

Earnings vs Market: SENX's earnings (5.6% per year) are forecast to grow slower than the UK market (11.1% per year).

High Growth Earnings: SENX's earnings are forecast to grow, but not significantly.

Revenue vs Market: SENX's revenue (20.6% per year) is forecast to grow faster than the UK market (4.1% per year).

High Growth Revenue: SENX's revenue (20.6% 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

Past Performance

How has Serinus Energy performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

52.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SENX has a high level of non-cash earnings.

Growing Profit Margin: SENX became profitable in the past.

Past Earnings Growth Analysis

Earnings Trend: SENX has become profitable over the past 5 years, growing earnings by 52% per year.

Accelerating Growth: SENX has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: SENX has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (344.7%).

Return on Equity

High ROE: SENX's Return on Equity (27.7%) is considered high.

Financial Health

How is Serinus Energy's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: SENX's short term assets ($18.3M) exceed its short term liabilities ($16.2M).

Long Term Liabilities: SENX's short term assets ($18.3M) do not cover its long term liabilities ($38.6M).

Debt to Equity History and Analysis

Debt Level: SENX is debt free.

Reducing Debt: SENX has no debt compared to 5 years ago when its debt to equity ratio was 149.3%.

Debt Coverage: SENX has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: SENX has no debt, therefore coverage of interest payments is not a concern.

Balance Sheet

Dividend

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

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

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 recent payouts.

High Dividend: Unable to evaluate SENX'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 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.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as SENX has not reported any payouts.

Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

4.3yrs

Average management tenure

CEO

Jeffrey Auld (54 yo)

5.67yrs

Tenure

US$1,258,393

Compensation

Mr. Jeffrey David Auld, MBA, BA (Econ), serves as Independent Non-Executive Chairman at Lansdowne Oil & Gas plc since September 09, 2021. He has been the Chief Executive Officer and President of Serinus En...

CEO Compensation Analysis

Compensation vs Market: Jeffrey's total compensation ($USD1.26M) is above average for companies of similar size in the UK market ($USD317.47K).

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

Leadership Team

Experienced Management: SENX's management team is considered experienced (4.3 years average tenure).

Board Members

Experienced Board: SENX's board of directors are considered experienced (3.5 years average tenure).

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: SENX 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.

Data	Last Updated (UTC time)
Company Analysis	2022/05/18 00:00
End of Day Share Price	2022/05/18 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31