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EGY

VAALCO Energy LSE:EGY Stock Report

Last Price

US$5.12

Market Cap

US$300.5m

7D

1.8%

1Y

155.8%

Updated

21 May, 2022

Data

Company Financials +
EGY fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance5/6
Financial Health5/6
Dividends2/6

EGY Stock Overview

VAALCO Energy, Inc., an independent energy company, acquires, explores for, develops, and produces crude oil and natural gas.

VAALCO Energy Competitors

Price History & Performance

Summary of all time highs, changes and price drops for VAALCO Energy
Historical stock prices
Current Share PriceUS$5.12
52 Week HighUS$5.85
52 Week LowUS$2.04
Beta1.79
1 Month Change-11.81%
3 Month Change33.20%
1 Year Change155.75%
3 Year Changen/a
5 Year Changen/a
Change since IPO196.52%

Recent News & Updates

Shareholder Returns

EGYGB Oil and GasGB Market
7D1.8%1.1%-0.4%
1Y155.8%19.5%-4.0%

Return vs Industry: EGY exceeded the UK Oil and Gas industry which returned 19.5% over the past year.

Return vs Market: EGY exceeded the UK Market which returned -3.9% over the past year.

Price Volatility

Is EGY's price volatile compared to industry and market?
EGY volatility
EGY Average Weekly Movement11.0%
Oil and Gas Industry Average Movement9.9%
Market Average Movement6.1%
10% most volatile stocks in GB Market11.5%
10% least volatile stocks in GB Market3.2%

Stable Share Price: EGY is more volatile than 75% of UK stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: EGY's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of UK stocks.

About the Company

FoundedEmployeesCEOWebsite
1985117George Maxwellhttps://www.vaalco.com

VAALCO Energy, Inc., an independent energy company, acquires, explores for, develops, and produces crude oil and natural gas. The company holds Etame production sharing contract related to the Etame Marin block located offshore in the Republic of Gabon in West Africa. It also owns interests in an undeveloped block offshore Equatorial Guinea, West Africa.

VAALCO Energy Fundamentals Summary

How do VAALCO Energy's earnings and revenue compare to its market cap?
EGY fundamental statistics
Market CapUS$374.62m
Earnings (TTM)US$82.89m
Revenue (TTM)US$227.96m

4.5x

P/E Ratio

1.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
EGY income statement (TTM)
RevenueUS$227.96m
Cost of RevenueUS$84.89m
Gross ProfitUS$143.06m
Other ExpensesUS$60.18m
EarningsUS$82.89m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.41
Gross Margin62.76%
Net Profit Margin36.36%
Debt/Equity Ratio0%

How did EGY perform over the long term?

See historical performance and comparison

Dividends

2.0%

Current Dividend Yield

2%

Payout Ratio

Does EGY pay a reliable dividends?

See EGY dividend history and benchmarks
When do you need to buy EGY by to receive an upcoming dividend?
VAALCO Energy dividend dates
Ex Dividend DateMay 24 2022
Dividend Pay DateJun 24 2022
Days until Ex dividend2 days
Days until Dividend pay date33 days

Does EGY pay a reliable dividends?

See EGY dividend history and benchmarks

Valuation

Is VAALCO 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: EGY (£5.12) is trading below our estimate of fair value (£16.86)

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


Price To Earnings Ratio

PE vs Industry: EGY is good value based on its PE Ratio (4.5x) compared to the UK Oil and Gas industry average (10.1x).

PE vs Market: EGY is good value based on its PE Ratio (4.5x) compared to the UK market (15.3x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: EGY is overvalued based on its PB Ratio (2.4x) compared to the GB Oil and Gas industry average (1x).


Future Growth

How is VAALCO Energy forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

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


-73.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EGY's earnings are forecast to decline over the next 3 years (-73.4% per year).

Earnings vs Market: EGY's earnings are forecast to decline over the next 3 years (-73.4% per year).

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

Revenue vs Market: EGY's revenue is expected to decline over the next 3 years (-44.1% per year).

High Growth Revenue: EGY's revenue is forecast to decline over the next 3 years (-44.1% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

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


Past Performance

How has VAALCO Energy performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


2.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: EGY has a high level of non-cash earnings.

Growing Profit Margin: EGY's current net profit margins (36.4%) are higher than last year (16.4%).


Past Earnings Growth Analysis

Earnings Trend: EGY has become profitable over the past 5 years, growing earnings by 2.5% per year.

Accelerating Growth: EGY's earnings growth over the past year (470%) exceeds its 5-year average (2.5% per year).

Earnings vs Industry: EGY earnings growth over the past year (470%) exceeded the Oil and Gas industry 344.7%.


Return on Equity

High ROE: EGY's Return on Equity (54.4%) is considered outstanding.


Financial Health

How is VAALCO Energy's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: EGY's short term assets ($96.2M) do not cover its short term liabilities ($117.5M).

Long Term Liabilities: EGY's short term assets ($96.2M) exceed its long term liabilities ($36.2M).


Debt to Equity History and Analysis

Debt Level: EGY is debt free.

Reducing Debt: EGY has no debt compared to 5 years ago when its debt to equity ratio was 363.6%.

Debt Coverage: EGY has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: EGY has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

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

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


2.04%

Current Dividend Yield

Upcoming Dividend Payment

TodayMay 22 2022Ex Dividend DateMay 24 2022Dividend Pay DateJun 24 202231 days from Ex DividendBuy in the next 2 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: EGY's dividend (2.04%) is higher than the bottom 25% of dividend payers in the UK market (1.8%).

High Dividend: EGY's dividend (2.04%) is low compared to the top 25% of dividend payers in the UK market (4.86%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether EGY's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if EGY's dividend payments are increasing as they only just started paying a dividend.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (2.3%), EGY's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (171.6%), EGY's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

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

3.1yrs

Average management tenure


CEO

George Maxwell (55 yo)

1.08yrs

Tenure

US$818,108

Compensation

Mr. George Walter-Mitchell Maxwell serves as Chief Executive Officer at VAALCO Energy, Inc. since April 19, 2021. He had been an Independent Non-Executive Director at Lekoil Limited since January 8, 2021 u...


CEO Compensation Analysis

Compensation vs Market: George's total compensation ($USD818.11K) is about average for companies of similar size in the UK market ($USD1.02M).

Compensation vs Earnings: George's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: EGY's management team is considered experienced (3.1 years average tenure).


Board Members

Experienced Board: EGY's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

Insider Buying: EGY insiders have only sold shares 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

VAALCO Energy, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: VAALCO Energy, Inc.
  • Ticker: EGY
  • Exchange: LSE
  • Founded: 1985
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Implied Market Cap: US$374.617m
  • Listing Market Cap: US$300.537m
  • Shares outstanding: 58.90m
  • Website: https://www.vaalco.com

Number of Employees


Location

  • VAALCO Energy, Inc.
  • 9800 Richmond Avenue
  • Suite 700
  • Houston
  • Texas
  • 77042
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/21 00:00
End of Day Share Price2022/05/20 00:00
Earnings2022/03/31
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.