TXP Stock Overview
Touchstone Exploration Inc., an upstream oil and gas company, engages in the exploration, development, production, and sale of petroleum and natural gas properties in the Republic of Trinidad and Tobago.
Touchstone Exploration Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||CA$0.96|
|52 Week High||CA$1.61|
|52 Week Low||CA$0.52|
|1 Month Change||69.91%|
|3 Month Change||9.71%|
|1 Year Change||17.07%|
|3 Year Change||585.71%|
|5 Year Change||1,013.04%|
|Change since IPO||1,119.05%|
Recent News & Updates
|TXP||GB Oil and Gas||GB Market|
Return vs Industry: TXP exceeded the UK Oil and Gas industry which returned -5.6% over the past year.
Return vs Market: TXP exceeded the UK Market which returned -9% over the past year.
|TXP Average Weekly Movement||11.3%|
|Oil and Gas Industry Average Movement||8.7%|
|Market Average Movement||5.4%|
|10% most volatile stocks in GB Market||10.8%|
|10% least volatile stocks in GB Market||2.7%|
Stable Share Price: TXP is more volatile than 90% of UK stocks over the past 3 months, typically moving +/- 11% a week.
Volatility Over Time: TXP's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of UK stocks.
About the Company
Touchstone Exploration Inc., an upstream oil and gas company, engages in the exploration, development, production, and sale of petroleum and natural gas properties in the Republic of Trinidad and Tobago. The company has interests in various private exploration mineral leasing properties; and two exploration blocks. Its primary exploration focus is the Ortoire exploration block.
Touchstone Exploration Fundamentals Summary
|TXP fundamental statistics|
Is TXP overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|TXP income statement (TTM)|
|Cost of Revenue||US$7.71m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||0.028|
|Net Profit Margin||23.14%|
How did TXP perform over the long term?See historical performance and comparison
Is TXP undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 4/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for TXP?
Other financial metrics that can be useful for relative valuation.
|What is TXP's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does TXP's PE Ratio compare to its peers?
|TXP PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
INDI Indus Gas
GKP Gulf Keystone Petroleum
SEPL Seplat Energy
TXP Touchstone Exploration
Price-To-Earnings vs Peers: TXP is expensive based on its Price-To-Earnings Ratio (43x) compared to the peer average (8.1x).
Price to Earnings Ratio vs Industry
How does TXP's PE Ratio compare vs other companies in the GB Oil and Gas Industry?
Price-To-Earnings vs Industry: TXP is expensive based on its Price-To-Earnings Ratio (43x) compared to the UK Oil and Gas industry average (7.7x)
Price to Earnings Ratio vs Fair Ratio
What is TXP's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||43x|
|Fair PE Ratio||82.7x|
Price-To-Earnings vs Fair Ratio: TXP is good value based on its Price-To-Earnings Ratio (43x) compared to the estimated Fair Price-To-Earnings Ratio (82.7x).
Share Price vs Fair Value
What is the Fair Price of TXP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: TXP (£0.96) is trading below our estimate of fair value (£33.88)
Significantly Below Fair Value: TXP is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.
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How is Touchstone Exploration forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Future Growth Score5/6
Future Growth Score 5/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TXP's forecast earnings growth (144.2% per year) is above the savings rate (0.9%).
Earnings vs Market: TXP's earnings (144.2% per year) are forecast to grow faster than the UK market (10% per year).
High Growth Earnings: TXP's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: TXP's revenue (105% per year) is forecast to grow faster than the UK market (4.4% per year).
High Growth Revenue: TXP's revenue (105% 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 TXP's Return on Equity is forecast to be high in 3 years time
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How has Touchstone Exploration performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TXP has a high level of non-cash earnings.
Growing Profit Margin: TXP's current net profit margins (23.1%) are higher than last year (1.3%).
Past Earnings Growth Analysis
Earnings Trend: TXP has become profitable over the past 5 years, growing earnings by 16.3% per year.
Accelerating Growth: TXP's earnings growth over the past year (2767.8%) exceeds its 5-year average (16.3% per year).
Earnings vs Industry: TXP earnings growth over the past year (2767.8%) exceeded the Oil and Gas industry 291.9%.
Return on Equity
High ROE: TXP's Return on Equity (8.7%) is considered low.
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How is Touchstone Exploration's financial position?
Financial Health Score2/6
Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: TXP's short term assets ($20.7M) exceed its short term liabilities ($20.4M).
Long Term Liabilities: TXP's short term assets ($20.7M) do not cover its long term liabilities ($53.4M).
Debt to Equity History and Analysis
Debt Level: TXP's net debt to equity ratio (30.1%) is considered satisfactory.
Reducing Debt: TXP's debt to equity ratio has increased from 39.9% to 43.9% over the past 5 years.
Debt Coverage: TXP's debt is not well covered by operating cash flow (18.8%).
Interest Coverage: TXP's interest payments on its debt are not well covered by EBIT (2.8x coverage).
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What is Touchstone Exploration current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate TXP's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate TXP's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if TXP's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if TXP's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as TXP has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Paul Baay (59 yo)
Mr. Paul Raymond Baay, B.A., ICD D, has been the Chief Executive Officer of Touchstone Exploration Inc. since 2010 and serves as its President. Mr. Baay serves as an Acting Chief Executive Officer and Chie...
CEO Compensation Analysis
Compensation vs Market: Paul's total compensation ($USD816.04K) is about average for companies of similar size in the UK market ($USD706.77K).
Compensation vs Earnings: Paul's compensation has been consistent with company performance over the past year.
Experienced Management: TXP's management team is seasoned and experienced (8.3 years average tenure).
Experienced Board: TXP's board of directors are considered experienced (5.2 years average tenure).
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.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Touchstone Exploration Inc.'s employee growth, exchange listings and data sources
- Name: Touchstone Exploration Inc.
- Ticker: TXP
- Exchange: AIM
- Founded: 2012
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Implied Market Cap: CA$331.150m
- Listing Market Cap: CA$212.571m
- Shares outstanding: 212.28m
- Website: https://www.touchstoneexploration.com
Number of Employees
- Touchstone Exploration Inc.
- 350-7th Avenue SW
- Suite 4100
- T2P 3N9
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/15 00:00|
|End of Day Share Price||2022/08/15 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.