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Zoltav Resources

AIM:ZOL
Snowflake Description

Fair value with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ZOL
AIM
£53M
Market Cap
  1. Home
  2. GB
  3. Energy
Company description

Zoltav Resources Inc. acquires, explores for, develops, and produces hydrocarbons in Russia. The last earnings update was 207 days ago. More info.


Add to Portfolio Compare Print
  • Zoltav Resources has significant price volatility in the past 3 months.
ZOL Share Price and Events
7 Day Returns
4.2%
AIM:ZOL
0.4%
GB Oil and Gas
0.6%
GB Market
1 Year Returns
138.7%
AIM:ZOL
17.2%
GB Oil and Gas
1.1%
GB Market
ZOL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Zoltav Resources (ZOL) 4.2% 174.1% 134.9% 138.7% 0% -
GB Oil and Gas 0.4% 2.6% 7% 17.2% 50.4% -2.9%
GB Market 0.6% 1.9% 6.9% 1.1% 15.6% 6.2%
1 Year Return vs Industry and Market
  • ZOL outperformed the Oil and Gas industry which returned 17.2% over the past year.
  • ZOL outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 1.1% over the past year.
Price Volatility
ZOL
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Zoltav Resources's competitors could be found in our database.

ZOL Value

 Is Zoltav Resources 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 Zoltav Resources 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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Zoltav Resources.

AIM:ZOL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 8%
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.

Calculation of Discount Rate/ Cost of Equity for AIM:ZOL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.954 (1 + (1- 21%) (32.31%))
1.132
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.13
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.132 * 5.96%)
7.97%

Discounted Cash Flow Calculation for AIM:ZOL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Zoltav Resources 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.

AIM:ZOL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (RUB, Millions) Source Present Value
Discounted (@ 7.97%)
2019 389.03 Est @ 14.32% 360.30
2020 429.47 Est @ 10.4% 368.39
2021 462.30 Est @ 7.64% 367.27
2022 488.74 Est @ 5.72% 359.60
2023 510.11 Est @ 4.37% 347.61
2024 527.60 Est @ 3.43% 332.98
2025 542.20 Est @ 2.77% 316.92
2026 554.70 Est @ 2.31% 300.29
2027 565.70 Est @ 1.98% 283.63
2028 575.63 Est @ 1.76% 267.29
Present value of next 10 years cash flows RUB3,304.27
AIM:ZOL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= RUB575.63 × (1 + 1.23%) ÷ (7.97% – 1.23%)
RUB8,637.54
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= RUB8,637.54 ÷ (1 + 7.97%)10
RUB4,010.85
AIM:ZOL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= RUB3,304.27 + RUB4,010.85
RUB7,315.12
Equity Value per Share
(RUB)
= Total value / Shares Outstanding
= RUB7,315.12 / 141.96
RUB51.53
AIM:ZOL Discount to Share Price
Calculation Result
Exchange Rate RUB/GBP
(Reporting currency to currency of AIM:ZOL)
0.012
Value per Share
(GBP)
= Value per Share in RUB x Exchange Rate (RUB/GBP)
= RUB51.53 x 0.012
£0.62
Value per share (GBP) From above. £0.62
Current discount Discount to share price of £0.37
= -1 x (£0.37 - £0.62) / £0.62
40.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Zoltav Resources is available for.
Intrinsic value
40%
Share price is £0.37 vs Future cash flow value of £0.61891
Current Discount Checks
For Zoltav Resources to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Zoltav Resources's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Zoltav Resources'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 Zoltav Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Zoltav Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:ZOL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in RUB RUB-8.93
AIM:ZOL Share Price ** AIM (2019-04-18) in GBP £0.37
AIM:ZOL Share Price converted to RUB reporting currency Exchange rate (GBP/ RUB) 83.261 RUB30.81
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 797 Publicly-Listed Companies 16.29x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Zoltav Resources.

AIM:ZOL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AIM:ZOL Share Price ÷ EPS (both in RUB)

= 30.81 ÷ -8.93

-3.45x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Zoltav Resources is loss making, we can't compare its value to the GB Oil and Gas industry average.
  • Zoltav Resources is loss making, we can't compare the value of its earnings to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Zoltav Resources's expected growth come at a high price?
Raw Data
AIM:ZOL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -3.45x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
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 564 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Zoltav Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Zoltav Resources's assets?
Raw Data
AIM:ZOL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in RUB RUB37.64
AIM:ZOL Share Price * AIM (2019-04-18) in GBP £0.37
AIM:ZOL Share Price converted to RUB reporting currency Exchange rate (GBP/ RUB) 83.261 RUB30.81
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 1,367 Publicly-Listed Companies 1.51x
AIM:ZOL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AIM:ZOL Share Price ÷ Book Value per Share (both in RUB)

= 30.81 ÷ 37.64

0.82x

* Primary Listing of Zoltav Resources.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Zoltav Resources is good value based on assets compared to the GB Oil and Gas industry average.
X
Value checks
We assess Zoltav Resources's value by looking at:
  1. 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. )
  2. 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)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Zoltav Resources has a total score of 3/6, 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.

ZOL Future Performance

 How is Zoltav Resources expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Zoltav Resources 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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!
Annual Growth Rate
14.2%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Zoltav Resources expected to grow at an attractive rate?
  • Unable to compare Zoltav Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Zoltav Resources's earnings growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
  • Unable to compare Zoltav Resources's revenue growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
AIM:ZOL Future Growth Rates Data Sources
Data Point Source Value (per year)
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 11%
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
Raw Data
AIM:ZOL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in RUB Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:ZOL Future Estimates Data
Date (Data in RUB Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
AIM:ZOL Past Financials Data
Date (Data in RUB Millions) Revenue Cash Flow Net Income *
2018-06-30 1,338 736 -1,267
2018-03-31 1,379 732 -1,269
2017-12-31 1,419 728 -1,270
2017-09-30 1,468 727 -578
2017-06-30 1,518 727 114
2017-03-31 1,550 723 106
2016-12-31 1,583 719 97
2016-09-30 1,480 587 43
2016-06-30 1,397 460 -16
2016-03-31 1,335 368 -127
2015-12-31 1,309 286 -247
2015-09-30 1,562 299 -381

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Zoltav Resources is high growth as no earnings estimate data is available.
  • Unable to determine if Zoltav Resources is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
AIM:ZOL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Zoltav Resources Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:ZOL Future Estimates Data
Date (Data in RUB Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
AIM:ZOL Past Financials Data
Date (Data in RUB Millions) EPS *
2018-06-30 -8.93
2018-03-31 -8.94
2017-12-31 -8.95
2017-09-30 -4.07
2017-06-30 0.81
2017-03-31 0.74
2016-12-31 0.68
2016-09-30 0.30
2016-06-30 -0.11
2016-03-31 -0.89
2015-12-31 -1.74
2015-09-30 -2.68

*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 Zoltav Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Zoltav Resources is trading at Zoltav Resources'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Zoltav Resources's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Energy companies here
  3. Zoltav Resources's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Zoltav Resources's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. 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)
  3. 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)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Zoltav Resources has a total score of 0/6, 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.

ZOL Past Performance

  How has Zoltav Resources performed over the past 5 years?

  • Zoltav Resources's last earnings update was 207 days ago.
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
Below we compare Zoltav Resources's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Zoltav Resources does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Zoltav Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Zoltav Resources's 1-year growth to the GB Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Zoltav Resources's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Zoltav Resources Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:ZOL Past Revenue, Cash Flow and Net Income Data
Date (Data in RUB Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 1,338.24 -1,267.37 165.09
2018-03-31 1,378.57 -1,268.67 175.02
2017-12-31 1,418.90 -1,269.98 184.95
2017-09-30 1,468.41 -577.78 217.19
2017-06-30 1,517.92 114.41 249.43
2017-03-31 1,550.43 105.76 274.39
2016-12-31 1,582.93 97.10 299.35
2016-09-30 1,480.34 43.11 336.57
2016-06-30 1,397.25 -15.82 380.93
2016-03-31 1,335.17 -126.73 424.91
2015-12-31 1,308.76 -246.66 481.93
2015-09-30 1,562.04 -380.70 609.66
2015-06-30 1,438.58 -420.37 592.66
2015-03-31 1,222.46 411.21 629.94
2014-12-31 991.02 1,332.26 674.88
2014-09-30 345.70 911.99 346.01
2014-06-30 45.79 830.37 221.29
2014-03-31 23.71 353.90 192.49
2013-12-31 -142.07 145.55
2012-12-31 -107.75 93.40

*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.
  • It is difficult to establish if Zoltav Resources has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Zoltav Resources has efficiently used its assets last year compared to the GB Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Zoltav Resources improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Zoltav Resources's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Zoltav Resources has a total score of 0/6, 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.

ZOL Health

 How is Zoltav Resources'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 Zoltav Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Zoltav Resources's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Zoltav Resources's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Zoltav Resources's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.3x 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.
Raw Data

All data from Zoltav Resources Company Filings, last reported 9 months ago.

AIM:ZOL Past Debt and Equity Data
Date (Data in RUB Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 5,343.02 1,412.77 314.50
2018-03-31 5,343.02 1,412.77 314.50
2017-12-31 5,271.41 1,563.85 286.75
2017-09-30 5,271.41 1,563.85 286.75
2017-06-30 6,610.38 1,710.75 347.77
2017-03-31 6,610.38 1,710.75 347.77
2016-12-31 6,541.39 1,859.95 294.25
2016-09-30 6,541.39 1,859.95 294.25
2016-06-30 6,452.93 2,027.54 356.58
2016-03-31 6,777.72 2,129.59 374.53
2015-12-31 6,444.29 2,218.55 433.29
2015-09-30 5,804.75 1,998.38 390.29
2015-06-30 6,481.81 2,322.54 557.33
2015-03-31 6,784.88 2,431.14 583.39
2014-12-31 7,236.47 2,594.69 668.37
2014-09-30 4,659.57 1,670.72 430.37
2014-06-30 6,843.42 2,183.44 548.55
2014-03-31 7,086.63 2,261.04 568.05
2013-12-31 1,248.58 0.00 248.79
2012-12-31 3.97 10.54 15.64
  • Zoltav Resources's level of debt (26.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0.8% vs 26.4% today).
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.

  • Whilst loss making Zoltav Resources has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Zoltav Resources has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -83.5% per year.
X
Financial health checks
We assess Zoltav Resources's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Zoltav Resources has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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.

ZOL Dividends

 What is Zoltav Resources'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
Dividend payments
0%
Current annual income from Zoltav Resources dividends.
If you bought £2,000 of Zoltav Resources shares you are expected to receive £0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Zoltav Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Zoltav Resources'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.
Raw Data
AIM:ZOL Annualized Past and Future Dividends
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 0 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 706 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.

AIM:ZOL Future Dividends Estimate Data
Date (Data in RUB) Dividend per Share (annual) Avg. No. Analysts

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Zoltav Resources has not reported any payouts.
  • Unable to verify if Zoltav Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Zoltav Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Zoltav Resources has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Zoltav Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Zoltav Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Zoltav Resources 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.

ZOL Management

 What is the CEO of Zoltav Resources's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Tigran Tagvoryan
TENURE AS CEO 0 years
CEO Bio

Mr. Tigran Tagvoryan has been the Chief Executive Officer of Zoltav Resources Inc. since April 1, 2019. Mr. Tagvoryan joined Zoltav as Deputy Chief Executive Officer in November 2018. He has significant senior level project development, finance, management and infrastructure experience within Russian supermajor oil and gas businesses. From 2013 to 2018, he led the Russian gas business development and strategy divisions of PJSC Rosneft Oil Company ("Rosneft"), the leader of Russia's petroleum industry. During his time at Rosneft, he was responsible for developing and implementing Rosneft's rapid gas production growth strategy. The business units he led were also responsible for evaluating all business development opportunities for Rosneft within the Russian gas sector. In parallel with these responsibilities, he also became General Director of a Rosneft-PJSC Sberbank joint venture established to finance infrastructure for major new gas projects. From 2002 until its acquisition by Rosneft in 2013, he held various positions with TNK-BP, one of Russia's largest oil producers. Between 2002 and 2008, as Deputy Director General of OAO East Siberia Gas Company, a joint venture between TNK-BP and the Irkutsk Oblast Administration, he managed the regional gasification project of Irkutsk Oblast from the giant Kovykta field in East Siberia. During his time at OAO East Siberia Gas Company, he was involved in all aspects of commercial development and latterly the construction of more than 100 kilometres of gas pipelines. In 2008, he moved to TNK-BP's Moscow headquarters where he focused on new business development in various roles including as Commercial Director of Gas and Power, Department Head of Gas Business Development and Vice President, Corporate Business Development. He holds a BSc in Business and Management from the University of Maryland University College and a higher degree with excellence in Management from Irkutsk State University.

CEO Compensation
  • Insufficient data for Tigran to compare compensation growth.
  • Insufficient data for Tigran to establish whether their remuneration is reasonable compared to companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team

Tigran Tagvoryan

TITLE
Chief Executive Officer

Kirill Suetov

TITLE
Chief Financial Officer
Board of Directors Tenure

Average tenure of the Zoltav Resources board of directors in years:

3.6
Average Tenure
  • The tenure for the Zoltav Resources board of directors is about average.
Board of Directors

Lea Verny

TITLE
Independent Non-Executive Chairman & Senior Independent Director
COMPENSATION
RUB49K
AGE
52
TENURE
2.1 yrs

Alexander Gorodetsky

TITLE
Independent Non-Executive Director
COMPENSATION
RUB2M
TENURE
3.6 yrs

Andrey Immel

TITLE
Non-Executive Director
TENURE
3.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
X
Management checks
We assess Zoltav Resources's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Zoltav Resources 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.

ZOL News

Simply Wall St News

How Does Investing In Zoltav Resources Inc. (LON:ZOL) Impact The Volatility Of Your Portfolio?

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

What You Must Know About Zoltav Resources Inc.'s (LON:ZOL) Financial Strength

(LON:ZOL) with its market cap of UK£23m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

Simply Wall St -

Does Zoltav Resources Inc (LON:ZOL) Have A Volatile Share Price?

The second type is the broader market volatility, which you cannot diversify away, since it arises from macroeconomic factors which directly affects all the stocks on the market. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

What You Must Know About Zoltav Resources Inc's (LON:ZOL) Financial Strength

Investors are always looking for growth in small-cap stocks like Zoltav Resources Inc (LON:ZOL), with a market cap of RUруб24.13m. … However, an important fact which most ignore is: how financially healthy is the business? … Evaluating financial health as part of your investment thesis is

Simply Wall St -

Should You Be Holding Zoltav Resources Inc (LON:ZOL) Right Now?

Generally, an investor should consider two types of risk that impact the market value of ZOL. … The first risk to think about is company-specific, which can be diversified away by investing in other companies in order to lower your exposure to one particular stock. … The second risk is market-wide, which arises from investing in the stock market.

Simply Wall St -

Should You Have Zoltav Resources Inc's (LON:ZOL) In Your Portfolio?

A widely-used metric to measure a stock's market risk is beta, and the broad market index represents a beta value of one. … View our latest analysis for Zoltav Resources An interpretation of ZOL's beta With a beta of 1.39, Zoltav Resources is a stock that tends to experience more gains than the market during a growth phase and also a bigger reduction in value compared to the market during a broad downturn. … An asset-heavy company tends to have a higher beta because the risk associated with running fixed assets during a downturn is highly expensive.

Simply Wall St -

Why Zoltav Resources Inc's (LON:ZOL) Ownership Structure Is Important

The impact of a company's ownership structure affects both its short- and long-term performance. … See our latest analysis for Zoltav Resources AIM:ZOL Ownership_summary Mar 19th 18 Institutional Ownership Due to the big order sizes of institutional investors, a company's shares can experience large, one-sided momentum, driven by high volume of shares removed from, or injected into, the market. … Thus, potential investors should look into these business relations and check how it can impact long-term shareholder returns.Next Steps: Institutional ownership in ZOL is not at a level that would concern investors.

Simply Wall St -

Will Zoltav Resources Inc (LON:ZOL) Continue To Underperform Its Industry?

Zoltav Resources Inc (AIM:ZOL) generated a below-average return on equity of 1.73% in the past 12 months, while its industry returned 7.10%. … See our latest analysis for Zoltav Resources Peeling the layers of ROE – trisecting a company’s profitability Return on Equity (ROE) is a measure of Zoltav Resources’s profit relative to its shareholders’ equity. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity AIM:ZOL Last Perf Mar 5th 18 Basically, profit margin measures how much of revenue trickles down into earnings which illustrates how efficient the business is with its cost management.

Simply Wall St -

Are Zoltav Resources Inc's (LON:ZOL) Interest Costs Too High?

How does ZOL’s operating cash flow stack up against its debt? … With this debt payback, the current cash and short-term investment levels stands at RUРУБ294.25M , ready to deploy into the business. … Additionally, ZOL has produced cash from operations of RUРУБ719.07M in the last twelve months, leading to an operating cash to total debt ratio of 38.66%, signalling that ZOL’s debt is appropriately covered by operating cash.

Simply Wall St -

Is It Time To Sell Zoltav Resources Inc (LON:ZOL) Based Off Its PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for ZOL Price per share = RUB19.5 Earnings per share = RUB0.806 ∴ Price-Earnings Ratio = RUB19.5 ÷ RUB0.806 = 24.2x The P/E ratio itself doesn’t tell you a lot; however, it becomes very insightful when you compare it with other similar companies. … For example, if you are inadvertently comparing riskier firms with ZOL, then ZOL’s P/E would naturally be higher than its peers since investors would reward its lower risk with a higher price. … In this case, ZOL’s P/E would be higher since investors would also reward ZOL’s higher growth with a higher price.

Simply Wall St -

ZOL Company Info

Description

Zoltav Resources Inc. acquires, explores for, develops, and produces hydrocarbons in Russia. The company holds interests in the Bortovoy license covering an area of 3,215 square kilometers with proved plus probable reserves of 750 billion cubic feet of gas, and 3.9 million barrels of oil and condensate located in the Saratov region of south western Russia. It also owns interests in the Koltogor exploration and production license containing the Koltogor oil field covering an area of 528 square kilometers with proved plus probable reserves of 79.2 million barrels of oil equivalent located in the Khantiy-Mansisk Autonomous Okrug of Western Siberia; and the Koltogor exploration and production license 10 containing the West Koltogor oil field covering an area of 167 square kilometers. Zoltav Resources Inc. was incorporated in 2003 and is based in Grand Cayman, the Cayman Islands.

Details
Name: Zoltav Resources Inc.
ZOL
Exchange: AIM
Founded: 2003
£52,523,492
141,955,386
Website: http://www.zoltav.com
Address: Zoltav Resources Inc.
Willow House,
Cricket Square,
Grand Cayman,
Grand Cayman, KY1-1001,
Cayman Islands
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM ZOL New Ordinary Shares London Stock Exchange AIM Market GB GBP 04. Jul 2013
BST CXC1 New Ordinary Shares Boerse-Stuttgart DE EUR 04. Jul 2013
Number of employees
Current staff
Staff numbers
239
Zoltav Resources employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/21 21:34
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2017/04/27
Last earnings filing: 2018/09/26
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


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.