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TGL

TransGlobe Energy AIM:TGL Stock Report

Last Price

US$3.54

Market Cap

US$256.1m

7D

5.7%

1Y

214.7%

Updated

02 May, 2022

Data

Company Financials +
TGL fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends3/6

TGL Stock Overview

TransGlobe Energy Corporation, together with its subsidiaries, engages in the acquisition, exploration, development, and production of crude oil and natural gas in Egypt and Canada.

TransGlobe Energy Competitors

Price History & Performance

Summary of all time highs, changes and price drops for TransGlobe Energy
Historical stock prices
Current Share PriceUS$3.54
52 Week HighUS$3.80
52 Week LowUS$1.00
Beta2.61
1 Month Change26.43%
3 Month Change60.91%
1 Year Change214.67%
3 Year Change136.00%
5 Year Changen/a
Change since IPO69.78%

Recent News & Updates

Shareholder Returns

TGLGB Oil and GasGB Market
7D5.7%-2.8%-0.6%
1Y214.7%15.1%-0.8%

Return vs Industry: TGL exceeded the UK Oil and Gas industry which returned 15.1% over the past year.

Return vs Market: TGL exceeded the UK Market which returned -0.8% over the past year.

Price Volatility

Is TGL's price volatile compared to industry and market?
TGL volatility
TGL Average Weekly Movement8.4%
Oil and Gas Industry Average Movement9.4%
Market Average Movement6.0%
10% most volatile stocks in GB Market11.7%
10% least volatile stocks in GB Market3.0%

Stable Share Price: TGL is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: TGL's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
196855Randy Neelyhttps://www.trans-globe.com

TransGlobe Energy Corporation, together with its subsidiaries, engages in the acquisition, exploration, development, and production of crude oil and natural gas in Egypt and Canada. The company holds interests in four production sharing concessions, which include West Gharib, West Bakr, NW Gharib, and South Ghazalat, Egypt; and owns production and working interests in facilities in the Cardium light oil and Mannville liquid-rich gas assets in the Harmattan area of west central Alberta, Canada. TransGlobe Energy Corporation was incorporated in 1968 and is headquartered in Calgary, Canada.

TransGlobe Energy Fundamentals Summary

How do TransGlobe Energy's earnings and revenue compare to its market cap?
TGL fundamental statistics
Market CapUS$320.35m
Earnings (TTM)US$40.34m
Revenue (TTM)US$169.01m

7.9x

P/E Ratio

1.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TGL income statement (TTM)
RevenueUS$169.01m
Cost of RevenueUS$76.15m
Gross ProfitUS$92.85m
Other ExpensesUS$52.52m
EarningsUS$40.34m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.55
Gross Margin54.94%
Net Profit Margin23.87%
Debt/Equity Ratio1.7%

How did TGL perform over the long term?

See historical performance and comparison

Dividends

2.3%

Current Dividend Yield

18%

Payout Ratio

Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • 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: TGL (£3.54) is trading below our estimate of fair value (£14.71)

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


Price To Earnings Ratio

PE vs Industry: TGL is good value based on its PE Ratio (7.9x) compared to the UK Oil and Gas industry average (12x).

PE vs Market: TGL is good value based on its PE Ratio (7.9x) compared to the UK market (16.3x).


Price to Earnings Growth Ratio

PEG Ratio: TGL's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: TGL is overvalued based on its PB Ratio (1.8x) compared to the GB Oil and Gas industry average (1.2x).


Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-105.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TGL's earnings are forecast to decline over the next 3 years (-105.3% per year).

Earnings vs Market: TGL's earnings are forecast to decline over the next 3 years (-105.3% per year).

High Growth Earnings: TGL's earnings are forecast to decline over the next 3 years.

Revenue vs Market: TGL's revenue is expected to decline over the next 3 years (-8.2% per year).

High Growth Revenue: TGL's revenue is forecast to decline over the next 3 years (-8.2% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

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


Past Performance

How has TransGlobe Energy performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


34.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: TGL has high quality earnings.

Growing Profit Margin: TGL became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: TGL has become profitable over the past 5 years, growing earnings by 34.1% per year.

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

Earnings vs Industry: TGL 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: TGL's Return on Equity (22.6%) is considered high.


Financial Health

How is TransGlobe Energy's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: TGL's short term assets ($54.2M) exceed its short term liabilities ($33.1M).

Long Term Liabilities: TGL's short term assets ($54.2M) exceed its long term liabilities ($27.4M).


Debt to Equity History and Analysis

Debt Level: TGL has more cash than its total debt.

Reducing Debt: TGL's debt to equity ratio has reduced from 29.4% to 1.7% over the past 5 years.

Debt Coverage: TGL's debt is well covered by operating cash flow (1479%).

Interest Coverage: TGL's interest payments on its debt are well covered by EBIT (56.5x coverage).


Balance Sheet


Dividend

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

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


2.29%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: TGL's dividend (2.29%) is higher than the bottom 25% of dividend payers in the UK market (1.74%).

High Dividend: TGL's dividend (2.29%) is low compared to the top 25% of dividend payers in the UK market (4.65%).


Stability and Growth of Payments

Stable Dividend: TGL has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: TGL has only been paying a dividend for 8 years, and since then payments have fallen.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (18%), TGL's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (40.4%), TGL's dividend payments are well covered by cash flows.


Next Steps

Management

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

4.3yrs

Average management tenure


CEO

Randy Neely (55 yo)

4.33yrs

Tenure

US$1,249,587

Compensation

Mr. Randall C. Neely, also known as Randy, CPA ("CA"), CFA, ICD D., has been President and Chief Executive Officer of TransGlobe Energy Corporation since January 11, 2018 and January 1, 2019, respectively...


CEO Compensation Analysis

Compensation vs Market: Randy's total compensation ($USD1.25M) is above average for companies of similar size in the UK market ($USD937.69K).

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


Leadership Team

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


Board Members

Experienced Board: TGL's board of directors are considered experienced (3.6 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: TGL 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

TransGlobe Energy Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: TransGlobe Energy Corporation
  • Ticker: TGL
  • Exchange: AIM
  • Founded: 1968
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Implied Market Cap: US$320.350m
  • Listing Market Cap: US$256.116m
  • Shares outstanding: 73.31m
  • Website: https://www.trans-globe.com

Number of Employees


Location

  • TransGlobe Energy Corporation
  • 444 – 5th Avenue SW
  • Suite 900
  • Calgary
  • Alberta
  • T2P 2T8
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/02 00:00
End of Day Share Price2022/04/29 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.