Serica Energy
Serica Energy plc engages in the identification, acquisition, exploration, and exploitation of oil and gas reserves. The last earnings update was 2 days ago. More info.
Add to Portfolio Compare Print
SQZ Share Price and Events
7 Day Returns
1 Year Returns
SQZ Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Serica Energy (SQZ) | 12.4% | 4.6% | -3.4% | 55.5% | 1107.3% | 1272.6% |
| GB Oil and Gas | 0.8% | 4.6% | 7% | 17.2% | 50.4% | -3.1% |
| GB Market | 1.9% | 3% | 7.9% | 2.5% | 15.6% | 6.8% |
1 Year Return vs Industry and Market
- SQZ outperformed the Oil and Gas industry which returned 17.2% over the past year.
- SQZ outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 2.5% over the past year.
Price Volatility
Related Companies
Value
Is Serica Energy undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Serica Energy
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Serica Energy.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 3 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 10.1% |
| Perpetual Growth Rate | 10-Year GB Government Bond Rate | 1.2% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year GB Govt Bond Rate | 1.2% |
| Equity Risk Premium | S&P Global | 6.7% |
| Oil and Gas Unlevered Beta | Simply Wall St/ S&P Global | 0.95 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.953 (1 + (1- 19%) (70.97%)) |
1.336 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.34 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.336 * 6.65%) |
10.11% |
Discounted Cash Flow Calculation for AIM:SQZ using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Serica Energy is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 10.11%) |
|
|---|---|---|---|
| 2019 | 127.40 | Analyst x2 | 115.70 |
| 2020 | 123.80 | Analyst x1 | 102.11 |
| 2021 | 121.78 | Est @ -1.63% | 91.22 |
| 2022 | 120.83 | Est @ -0.78% | 82.20 |
| 2023 | 120.62 | Est @ -0.17% | 74.52 |
| 2024 | 120.92 | Est @ 0.25% | 67.85 |
| 2025 | 121.57 | Est @ 0.54% | 61.95 |
| 2026 | 122.48 | Est @ 0.75% | 56.68 |
| 2027 | 123.57 | Est @ 0.89% | 51.93 |
| 2028 | 124.79 | Est @ 0.99% | 47.63 |
| Present value of next 10 years cash flows | $751.79 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $124.79 × (1 + 1.23%) ÷ (10.11% – 1.23%) |
$1,422.03 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $1,422.03 ÷ (1 + 10.11%)10 |
$542.79 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $751.79 + $542.79 |
$1,294.58 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $1,294.58 / 264.83 |
$4.89 |
| Calculation | Result | |
|---|---|---|
| Exchange Rate | USD/GBP
(Reporting currency to currency of AIM:SQZ) |
0.769 |
| Value per Share (GBP) |
= Value per Share in USD x Exchange Rate (USD/GBP)
= $4.89 x 0.769 |
£3.76 |
| Value per share (GBP) | From above. | £3.76 |
| Current discount | Discount to share price of
£1.33
= -1 x (£1.33 - £3.76) / £3.76 |
64.7% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Serica Energy's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Serica Energy's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Serica Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Serica Energy's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in USD | $0.28 |
| AIM:SQZ Share Price ** | AIM (2019-04-18) in GBP | £1.33 |
| AIM:SQZ Share Price converted to USD reporting currency | Exchange rate (GBP/ USD) 1.3 | $1.73 |
| United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry PE Ratio | Median Figure of 32 Publicly-Listed Oil and Gas Companies | 9.96x |
| United Kingdom of Great Britain and Northern Ireland Market PE Ratio | Median Figure of 796 Publicly-Listed Companies | 16.29x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Serica Energy.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = AIM:SQZ Share Price ÷ EPS (both in USD) = 1.73 ÷ 0.28 |
6.17x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Serica Energy is good value based on earnings compared to the GB Oil and Gas industry average.
- Serica Energy is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does
Serica Energy's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 6.17x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts |
-10.2%per year |
| United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry PEG Ratio | Median Figure of 19 Publicly-Listed Oil and Gas Companies | 0.47x |
| United Kingdom of Great Britain and Northern Ireland Market PEG Ratio | Median Figure of 563 Publicly-Listed Companies | 1.47x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 6.17x ÷ -10.2% |
-0.6x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Serica Energy earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Serica Energy's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in USD | $0.70 |
| AIM:SQZ Share Price * | AIM (2019-04-18) in GBP | £1.33 |
| AIM:SQZ Share Price converted to USD reporting currency | Exchange rate (GBP/ USD) 1.3 | $1.73 |
| United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry PB Ratio | Median Figure of 102 Publicly-Listed Oil and Gas Companies | 0.85x |
| United Kingdom of Great Britain and Northern Ireland Market PB Ratio | Median Figure of 1,365 Publicly-Listed Companies | 1.51x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = AIM:SQZ Share Price ÷ Book Value per Share (both in USD) = 1.73 ÷ 0.70 |
2.46x |
* Primary Listing of Serica Energy.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Serica Energy is overvalued based on assets compared to the GB Oil and Gas industry average.
Value checks
We assess Serica Energy's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check) Serica Energy has a total score of 4/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Serica Energy's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.2%.
Growth vs Market Checks
- Serica Energy's earnings are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
- Serica Energy's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| AIM:SQZ Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts | -10.2% |
| AIM:SQZ Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts | 52% |
| United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry Earnings Growth Rate | Market Cap Weighted Average | 14.2% |
| United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry Revenue Growth Rate | Market Cap Weighted Average | 3% |
| United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate | Market Cap Weighted Average | 10.9% |
| United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate | Market Cap Weighted Average | 4.8% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 354 | 209 | 63 | 3 |
| 2019-12-31 | 400 | 127 | 41 | 3 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 46 | -14 | 75 |
| 2018-09-30 | 30 | -11 | 37 |
| 2018-06-30 | 15 | -7 | -2 |
| 2018-03-31 | 23 | 5 | 8 |
| 2017-12-31 | 32 | 18 | 17 |
| 2017-09-30 | 35 | 17 | 21 |
| 2017-06-30 | 38 | 17 | 24 |
| 2017-03-31 | 30 | 9 | 17 |
| 2016-12-31 | 21 | 0 | 11 |
| 2016-09-30 | 25 | 5 | 8 |
| 2016-06-30 | 28 | 10 | 5 |
| 2016-03-31 | 26 | 9 | 6 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
All data from Serica Energy Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 0.48 | 0.48 | 0.48 | 1.00 |
| 2019-12-31 | 0.51 | 0.51 | 0.51 | 1.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-31 | 0.28 |
| 2018-09-30 | 0.14 |
| 2018-06-30 | -0.01 |
| 2018-03-31 | 0.03 |
| 2017-12-31 | 0.06 |
| 2017-09-30 | 0.08 |
| 2017-06-30 | 0.09 |
| 2017-03-31 | 0.07 |
| 2016-12-31 | 0.04 |
| 2016-09-30 | 0.03 |
| 2016-06-30 | 0.02 |
| 2016-03-31 | 0.02 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if Serica Energy will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess Serica Energy's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Serica Energy has a total score of 2/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Serica Energy performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Serica Energy has delivered over 20% year on year earnings growth in the past 5 years.
- Serica Energy's 1-year earnings growth exceeds its 5-year average (336.9% vs 64.9%)
- Serica Energy's earnings growth has exceeded the GB Oil and Gas industry average in the past year (336.9% vs 179.6%).
Earnings and Revenue History
All data from Serica Energy Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 45.75 | 74.72 | 5.29 | |
| 2018-09-30 | 30.19 | 36.54 | 4.12 | |
| 2018-06-30 | 14.63 | -1.64 | 2.95 | |
| 2018-03-31 | 23.30 | 7.73 | 2.65 | |
| 2017-12-31 | 31.97 | 17.10 | 2.34 | |
| 2017-09-30 | 34.79 | 20.53 | 2.20 | |
| 2017-06-30 | 37.62 | 23.97 | 2.06 | |
| 2017-03-31 | 29.52 | 17.41 | 2.10 | |
| 2016-12-31 | 21.43 | 10.85 | 2.15 | |
| 2016-09-30 | 24.50 | 7.73 | 2.13 | |
| 2016-06-30 | 27.57 | 4.62 | 2.12 | |
| 2016-03-31 | 25.79 | 5.68 | 2.41 | |
| 2015-12-31 | 24.02 | 6.75 | 2.70 | |
| 2015-09-30 | 13.10 | -13.48 | 3.27 | |
| 2015-06-30 | 2.19 | -33.71 | 3.84 | |
| 2015-03-31 | 1.09 | -34.67 | 4.24 | |
| 2014-12-31 | -35.62 | 4.63 | ||
| 2014-06-30 | -5.12 | 4.96 | ||
| 2014-03-31 | -5.13 | 4.83 | ||
| 2013-12-31 | -5.13 | 4.71 | ||
| 2013-06-30 | -8.46 | -15.39 | 4.94 | |
| 2013-03-31 | -4.04 | -16.27 | 5.34 | |
| 2012-12-31 | -16.38 | 5.84 | ||
| 2012-09-30 | 17.29 | -13.98 | 6.25 | |
| 2012-06-30 | 20.38 | -14.42 | 6.46 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Whilst Serica Energy made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.
- Serica Energy used its assets more efficiently than the GB Oil and Gas industry average last year based on Return on Assets.
- Serica Energy's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Serica Energy's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Serica Energy has a total score of 4/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is Serica Energy's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Serica Energy's finances.
The net worth of a company is the difference between its assets and liabilities.
- Serica Energy's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
- Serica Energy's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is not covered by short term assets, assets are 0.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Serica Energy Company Filings, last reported 3 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 177.77 | 324.46 | 54.89 |
| 2018-09-30 | 177.77 | 324.46 | 54.89 |
| 2018-06-30 | 94.28 | 3.91 | 21.02 |
| 2018-03-31 | 94.28 | 3.91 | 21.02 |
| 2017-12-31 | 102.30 | 3.83 | 33.98 |
| 2017-09-30 | 102.30 | 3.83 | 33.98 |
| 2017-06-30 | 95.46 | 0.00 | 30.68 |
| 2017-03-31 | 95.46 | 0.00 | 30.68 |
| 2016-12-31 | 85.10 | 0.00 | 16.59 |
| 2016-09-30 | 85.10 | 0.00 | 16.59 |
| 2016-06-30 | 71.43 | 0.00 | 20.82 |
| 2016-03-31 | 71.43 | 0.00 | 20.82 |
| 2015-12-31 | 74.17 | 0.00 | 21.60 |
| 2015-09-30 | 74.17 | 0.00 | 21.60 |
| 2015-06-30 | 67.17 | 0.00 | 13.90 |
| 2015-03-31 | 67.17 | 0.00 | 13.90 |
| 2014-12-31 | 66.34 | 0.00 | 9.89 |
| 2014-06-30 | 99.32 | 0.00 | 19.45 |
| 2014-03-31 | 99.32 | 0.00 | 19.45 |
| 2013-12-31 | 102.08 | 0.00 | 26.06 |
| 2013-06-30 | 86.76 | 0.00 | 14.88 |
| 2013-03-31 | 86.76 | 0.00 | 14.88 |
| 2012-12-31 | 88.63 | 0.00 | 22.35 |
| 2012-09-30 | 104.75 | 0.00 | 25.06 |
| 2012-06-30 | 107.54 | 0.00 | 23.28 |
- Serica Energy's level of debt (182.5%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (0% vs 182.5% today).
- Operating cash flow is negative therefore debt is not well covered.
- Interest payments on debt are well covered by earnings (EBIT is 47x coverage).
Financial health checks
We assess Serica Energy's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Serica Energy has a total score of 1/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is Serica Energy's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
£2,000 of
Serica Energy
shares you are expected to receive
£0
in your first year as a dividend.
Dividend Amount
- Unable to evaluate Serica Energy's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate Serica Energy's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
| United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry Average Dividend Yield | Market Cap Weighted Average of 14 Stocks | 4.7% |
| United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield | Market Cap Weighted Average of 705 Stocks | 4.2% |
| United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield | 10th Percentile | 1% |
| United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield | 25th Percentile | 2% |
| United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield | 75th Percentile | 5.2% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2020-12-31 | 0.00 | 1.00 |
| 2019-12-31 | 0.00 | 1.00 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to perform a dividend volatility check as Serica Energy has not reported any payouts.
- Unable to verify if Serica Energy's dividend has been increasing as the company has not reported any payouts.
Income/ dividend checks
We assess Serica Energy's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Serica Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Serica Energy has a total score of 0/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | $364,080 |
| AGE | 58 |
| TENURE AS CEO | 1.4 years |
CEO Bio
Mr. Mitchell Robert Flegg, also known as Mitch, has been the Chief Executive Officer and Director of Serica Energy PLC since November 21, 2017. Mr Flegg has been the Chief Executive Officer and Executive Director of Circle Oil plc since June 1, 2015. Mr. Flegg served as the Chief Operating Officer of Serica Energy PLC from March 31, 2011 to May 29, 2015. He was responsible for the successful drilling operations of Serica's wells over the past 5 years and for the field developments at Kambuna and Columbus. He joined Serica in 2006 and has, since then, been responsible for the successful execution of Serica's drilling programme both as Operator and non-Operator, which included 17 wells drilled in locations as diverse as offshore Indonesia, offshore Vietnam, the North Sea, the East Irish Sea and the Atlantic off the west coast of Ireland and has represented Serica in the Company's joint venture interests. As Chief Operating Officer, he is responsible for the current seismic acquisition programme offshore Namibia, the development of the Columbus field in the North Sea, the numerous other interests in the UK and west of Ireland which Serica operates and the overall operational management of the Company's assets. He has 31 years operational experience in the oil industry. He started his career in 1981, gaining field experience with Schlumberger and Flopetrol. In 1992 he joined Enterprise Oil, subsequently becoming responsible for drilling related operations for wells drilled in UK, Australia, Cambodia, Vietnam, Ireland, Romania and Bulgaria. Following the acquisition of Enterprise Oil by Shell in 2002 he worked on the global implementation of new technology in well engineering before moving into asset management. With Serica, as well as managing Serica's drilling programme, he has been responsible for the development of both the Kambuna field in Indonesia and the Columbus field in the North Sea. He has a wealth of operating experience to the Serica Board. Mr. Flegg serves a Director of the Serica Holdings UK Limited. He served as an Executive Director of Serica Energy PLC from September 5, 2012 to May 29, 2015.
CEO Compensation
- Insufficient data for Mitch to compare compensation growth.
- Mitch's remuneration is lower than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure
Average tenure of the Serica Energy management team in years:
- The tenure for the Serica Energy management team is about average.
Management Team
Tony Walker
Executive Chairman
$512K
74
3.8 yrs
Mitch Flegg
CEO & Director
$364K
58
1.4 yrs
Mike Killeen
Vice President of Operations
1.3 yrs
Clara Altobell
Vice President of Technical
Danny Fewkes
Group Treasurer
3.8 yrs
Amanda Bateman
Company Secretary
3.8 yrs
Michael Renolds
Exploration Consultant of Indonesia
Board of Directors Tenure
Average tenure and age of the Serica Energy board of directors in years:
- The average tenure for the Serica Energy board of directors is less than 3 years, this suggests a new board.
Board of Directors
Tony Walker
Executive Chairman
$512K
74
14.7 yrs
Mitch Flegg
CEO & Director
$364K
58
1.4 yrs
Neil Pike
Senior Independent Director
$52K
72
Ian Vann
Non-Executive Director
$52K
69
11.8 yrs
Trevor Garlick
Independent Non-Executive Director
61
0.4 yrs
Malcolm Webb
Independent Non-Executive Director
69
0.4 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (£) | Value (£) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 11. Dec 18 | Buy | Malcolm Webb | Individual | 10. Dec 18 | 10. Dec 18 | 44,681 | £1.10 | £48,926 | ||
Management checks
We assess Serica Energy's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Serica Energy has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
Does Serica Energy plc's (LON:SQZ) June Stock Price Reflect Its Future Growth?
Serica Energy plc (LON:SQZ) is considered a high growth stock. … However its last closing price of £0.602 left investors wondering whether this growth has already been factored into the share price. … Serica Energy's growth potential is very attractive
Simply Wall St - – Full articleWhy I Like Serica Energy plc (LON:SQZ)
Serica Energy plc (LON:SQZ) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … In the case of SQZ, it
Simply Wall St - – Full articleWant To Invest In Serica Energy plc (LON:SQZ)? Here's How It Performed Lately
When Serica Energy plc (AIM:SQZ) released its most recent earnings update (31 December 2017), I wanted to understand how these figures stacked up against its past performance. … The two benchmarks I used were Serica Energy's average earnings over the past couple of years, and its industry performance. … Check out our latest analysis for Serica Energy Commentary On SQZ's Past Performance To account for any quarterly or half-yearly updates, I use the ‘latest twelve-month’ data, which either annualizes the most recent 6-month earnings update, or in some cases, the most recent annual report is already the latest available financial data.
Simply Wall St - – Full articleWhy Serica Energy PLC's (LON:SQZ) Investor Composition Impacts Your Returns
Insider Ownership I find insiders are another important group of stakeholders, who are directly involved in making key decisions related to the use of capital. … With this size of ownership, retail investors can collectively play a role in major company policies that affect shareholders returns, including executive remuneration and the appointment of directors. … Thus, investors not need worry too much about the consequences of these holdings.Next Steps: The company's high institutional ownership makes margin of safety a very important consideration to existing investors since long bull and bear trends often emerge when these big-ticket investors see a change in long-term potential of the company.
Simply Wall St - – Full articleShould You Buy Serica Energy PLC (AIM:SQZ) At £0.59125?
It’s trading around 17% below my intrinsic value, which means if you buy SQZ today, you’d be paying a fair price for it. … Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. … The price seems to be trading at fair value, which means there’s less benefit from mispricing.
Simply Wall St - – Full articleIs Serica Energy PLC's (AIM:SQZ) CEO Pay Fair?
Earnings is a powerful indication of SQZ's ability to invest shareholders' funds and generate returns. … Therefore I will use earnings as a proxy of Walker's performance in the past year. … Since earnings are heading towards the right direction, CEO pay should represent Walker's valued-adding activities.
Simply Wall St - – Full articleSerica Energy PLC (AIM:SQZ): Is It A Good Long Term Opportunity?
This indicates a relatively solid earnings per share growth rate of 10.72% over the next 1-2 years, which is an optimistic outlook in the near term. … In the same period we will see the revenue decline from $38M $0M AIM:SQZ Past Future Earnings Oct 21st 17 Is this similar growth to the past? … SQZ’s earnings growth last year was a significantly high triple-digit rate, which indicates that the company's past performance is quite revealing of future outcome.
Simply Wall St - – Full articleCompany Info
Description
Serica Energy plc engages in the identification, acquisition, exploration, and exploitation of oil and gas reserves. The company holds exploration, development, and production assets in the United Kingdom, as well as exploration interests in the Atlantic margins offshore Ireland and Namibia; and an 18% non-operated interest in the Erskine field in the Central North Sea. Serica Energy plc was founded in 2004 and is based in London, the United Kingdom.
Details
| Name: | Serica Energy plc |
| SQZ | |
| Exchange: | AIM |
| Founded: | 2004 |
| £351,692,082 | |
| 264,828,375 | |
| Website: | http://www.serica-energy.com |
| Address: |
Serica Energy plc 48 George Street, First Floor, London, Greater London, W1U 7DY, United Kingdom |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| AIM | SQZ | Ordinary Shares | London Stock Exchange AIM Market | GB | GBP | 30. Jan 2004 | |
| OTCPK | SQZZ.F | Ordinary Shares | Pink Sheets LLC | US | USD | 30. Jan 2004 | |
| DB | A3P | Ordinary Shares | Deutsche Boerse AG | DE | EUR | 30. Jan 2004 |
Number of employees
Current staff
Industry
| Oil and Gas Exploration and Production | |
| Energy |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/19 20:52 |
| End of day share price update: | 2019/04/18 00:00 |
| Last estimates confirmation: | 2019/04/18 |
| Last earnings filing: | 2019/04/17 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
