Solo Oil Plc, an oil and gas investment company, acquires a portfolio of direct and indirect interests in exploration, development, and production oil and gas assets in primarily in Europe, Africa, and North America.
+ 1 more risk
Excellent balance sheet and overvalued.
Share Price & News
How has Solo Oil's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SOLO's share price has been volatile over the past 3 months.
7 Day Return
GB Oil and Gas
1 Year Return
GB Oil and Gas
Return vs Industry: SOLO underperformed the UK Oil and Gas industry which returned -42.8% over the past year.
Return vs Market: SOLO underperformed the UK Market which returned -22.7% over the past year.
Price Volatility Vs. Market
How volatile is Solo Oil's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 months ago | Simply Wall StWe're Not Very Worried About Solo Oil's (LON:SOLO) Cash Burn Rate
6 months ago | Simply Wall StDo Insiders Own Shares In Solo Oil Plc (LON:SOLO)?
7 months ago | Simply Wall StSome Solo Oil (LON:SOLO) Shareholders Have Taken A Painful 81% Share Price Drop
Is Solo Oil undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: SOLO (£0.01) is trading above our estimate of fair value (£0)
Significantly Below Fair Value: SOLO is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SOLO is unprofitable, so we can't compare its PE Ratio to the Oil and Gas industry average.
PE vs Market: SOLO 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 SOLO's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SOLO is good value based on its PB Ratio (0.1x) compared to the GB Oil and Gas industry average (0.4x).
How is Solo Oil forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Energy industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Solo Oil has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Examine Solo Oil's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Solo Oil competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Energy industry.
How has Solo Oil performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SOLO is currently unprofitable.
Growing Profit Margin: SOLO is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: SOLO is unprofitable, but has reduced losses over the past 5 years at a rate of 9.6% per year.
Accelerating Growth: Unable to compare SOLO's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: SOLO is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (38.2%).
Return on Equity
High ROE: SOLO has a negative Return on Equity (-8.91%), as it is currently unprofitable.
How is Solo Oil's financial position?
Financial Position Analysis
Short Term Liabilities: SOLO's short term assets (£4.0M) exceed its short term liabilities (£267.0K).
Long Term Liabilities: SOLO has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: SOLO is debt free.
Reducing Debt: SOLO has no debt compared to 5 years ago when its debt to equity ratio was 0.02%.
Inventory Level: SOLO has a low level of unsold assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if SOLO'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: SOLO has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if SOLO has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
What is Solo Oil's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate SOLO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate SOLO'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 SOLO's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SOLO'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 SOLO's dividend in 3 years as they are not forecast to pay a notable one for the UK market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Tom Reynolds (49yo)
Mr. Thomas Hamilton Reynolds, also known as Tom, serves as Chief Executive Officer and Director at Solo Oil Plc since 2019. He served as Chief Executive Officer and President at Iona Energy Inc since Septe ...
|CEO & Director||1.17yrs||no data||0.34% £10.9k|
|Technical Advisor||1.58yrs||UK£99.00k||no data|
|Chief Financial Officer||0.50yr||no data||no data|
|Chief Operating Officer||no data||no data||no data|
|Interim Group Financial Controller||12.17yrs||no data||no data|
|Company Secretary||no data||UK£8.00k||no data|
Experienced Management: SOLO's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.
|CEO & Director||1.17yrs||no data||0.34% £10.9k|
|Non-Executive Chairman||1yr||UK£19.00k||2.59% £84.1k|
|Independent Non-Executive Director||0.33yr||no data||no data|
|Non-Executive Director & Senior Adviser to the Board||1.83yrs||UK£134.00k||4.03% £131.0k|
Experienced Board: SOLO's board of directors are not considered experienced ( 1.2 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 31.4%.
Solo Oil Plc's company bio, employee growth, exchange listings and data sources
- Name: Solo Oil Plc
- Ticker: SOLO
- Exchange: AIM
- Founded: 2005
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Market Cap: UK£3.248m
- Shares outstanding: 649.69m
- Website: https://www.solooil.co.uk
Number of Employees
- Solo Oil Plc
- 1 Park Row
- West Yorkshire
- LS1 5AB
- United Kingdom
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|SOLO||AIM (London Stock Exchange AIM Market)||Yes||Ordinary Shares||GB||GBP||May 2006|
|SOLO||AIM (London Stock Exchange AIM Market)||ORD GBP0.002||GB||GBP||Jul 2017|
Solo Oil Plc, an oil and gas investment company, acquires a portfolio of direct and indirect interests in exploration, development, and production oil and gas assets in primarily in Europe, Africa, and North America. It holds 25% interest in the Ruvuma Petroleum Sharing Agreement covering an area of approximately 3,447 square kilometers; 8.39% interest in the Kiliwani North Development License; and 13.8% interest in Helium One license located in Tanzania. The company also owns 28.56% interest in petroleum leases covering an area of 23,500 acres in southern Ontario; and interest in various fields in Burj Africa, Nigeria, and West Africa. Solo Oil Plc was incorporated in 2005 and is based in Leeds, the United Kingdom.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/29 21:45|
|End of Day Share Price||2020/03/27 00:00|
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.