LSE:ENOG

Stock Analysis Report

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Executive Summary

Energean plc engages in the exploration, development, and production of oil and gas. More Details

Rewards

Trading at 83.5% below our estimate of its fair value

Earnings are forecast to grow 94.26% per year

Risk Analysis

No risks detected for ENOG from our risk checks.


Snowflake Analysis

High growth potential and slightly overvalued.


Similar Companies

Share Price & News

How has Energean's share price performed over time and what events caused price changes?


Latest Share Price and Events

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

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


Market Performance


7 Day Return

3.1%

ENOG

-3.7%

GB Oil and Gas

-0.1%

GB Market


1 Year Return

4.1%

ENOG

-24.7%

GB Oil and Gas

-7.7%

GB Market

Return vs Industry: ENOG exceeded the UK Oil and Gas industry which returned -24.7% over the past year.

Return vs Market: ENOG exceeded the UK Market which returned -7.7% over the past year.


Shareholder returns

ENOGIndustryMarket
7 Day3.1%-3.7%-0.1%
30 Day27.4%13.5%4.1%
90 Day61.4%36.6%14.7%
1 Year4.1%4.1%-20.6%-24.7%-4.0%-7.7%
3 Yearn/a-7.6%-20.5%4.2%-8.5%
5 Yearn/a49.7%16.8%43.0%15.1%

Long-Term Price Volatility Vs. Market

How volatile is Energean's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ENOG (£8.88) is trading below our estimate of fair value (£53.75)

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


Price To Earnings Ratio

PE vs Industry: ENOG is unprofitable, so we can't compare its PE Ratio to the GB Oil and Gas industry average.

PE vs Market: ENOG is unprofitable, so we can't compare its PE Ratio to the UK market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ENOG's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ENOG is overvalued based on its PB Ratio (2.3x) compared to the GB Oil and Gas industry average (0.9x).


Next Steps

Future Growth

How is Energean forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

94.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ENOG is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1%).

Earnings vs Market: ENOG is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: ENOG's is expected to become profitable in the next 3 years.

Revenue vs Market: ENOG's revenue (45.3% per year) is forecast to grow faster than the UK market (6.6% per year).

High Growth Revenue: ENOG's revenue (45.3% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ENOG's Return on Equity is forecast to be low in 3 years time (14.7%).


Next Steps

Past Performance

How has Energean performed over the past 5 years?

-30.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ENOG is currently unprofitable.

Growing Profit Margin: ENOG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ENOG is unprofitable, and losses have increased over the past 5 years at a rate of 30.2% per year.

Accelerating Growth: Unable to compare ENOG's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ENOG is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-55.7%).


Return on Equity

High ROE: ENOG has a negative Return on Equity (-13.21%), as it is currently unprofitable.


Next Steps

Financial Health

How is Energean's financial position?


Financial Position Analysis

Short Term Liabilities: ENOG's short term assets ($301.3M) exceed its short term liabilities ($219.6M).

Long Term Liabilities: ENOG's short term assets ($301.3M) do not cover its long term liabilities ($1.2B).


Debt to Equity History and Analysis

Debt Level: ENOG's debt to equity ratio (93.3%) is considered high.

Reducing Debt: ENOG's debt to equity ratio has reduced from 385.2% to 93.3% over the past 5 years.


Balance Sheet


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.

Stable Cash Runway: Insufficient data to determine if ENOG has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if ENOG has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Energean current dividend yield, its reliability and sustainability?

0.84%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate ENOG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ENOG'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 ENOG's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ENOG's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ENOG's dividend in 3 years as they are not forecast to pay a notable one for the UK market.


Next Steps

Management

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

6.0yrs

Average management tenure


CEO

Mathios Rigas (52 yo)

14yrs

Tenure

Mr. Mathios Rigas serves as Chief Executive Officer at Capital Connect Venture Managers S.A. Mr. Rigas has been Chief Executive Officer of Energean Oil & Gas S.A since 2007 and as its Director since May 20...


Leadership Team

NamePositionTenureCompensationOwnership
Matthaios Rigas
CEO & Director14yrsno data11.18%
$ 173.7m
Panagiotis Benos
CFO & Executive Director3.67yrsno data2.33%
$ 36.1m
Stephen Moore
Chief Growth Officerno datano datano data
Kate Sloan
Head of Investor Relations & Equity Capital Marketsno datano datano data
Russell Poynter
General Counsel & Company Secretary1.58yrsno datano data
Angelos Mastrantonis
Group HR Managerno datano datano data
Maria Martin
Head of Corporate Financeno datano datano data
Nick Witney
Commercial Directorno datano datano data
Ilia Rigas
Head of Corporate Social Responsibility2yrsno datano data
Dennis Anestoudis
Head of G&Gno datano datano data
Stella Lena
Group Financial Controllerno datano datano data

6.0yrs

Average Tenure

52yo

Average Age

Experienced Management: ENOG's management team is seasoned and experienced (6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Matthaios Rigas
CEO & Director14yrsno data11.18%
$ 173.7m
Panagiotis Benos
CFO & Executive Director3.67yrsno data2.33%
$ 36.1m
Karen Simon
Independent Non-Executive Chairman1.17yrsno data0.11%
$ 1.6m
Efstathios Topouzoglou
Non-Executive Director3.67yrsno data9.84%
$ 152.9m
Kimberley Wood
Independent Non-Executive Director0.50yrno datano data
Andrew Bartlett
Senior Independent Director3.42yrsno data0.0031%
$ 48.8k
Andreas Persianis
Independent Non-Executive Director0.50yrno datano data
Robert Peck
Independent Non-Executive Director3.5yrsno data0.0038%
$ 59.3k
Amy Lashinsky
Independent Non-Executive Director1.17yrsno data0.00085%
$ 13.2k

3.4yrs

Average Tenure

57yo

Average Age

Experienced Board: ENOG's board of directors are considered experienced (3.4 years average tenure).


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Energean plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Energean plc
  • Ticker: ENOG
  • Exchange: LSE
  • Founded: 2007
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: UK£1.553b
  • Shares outstanding: 177.09m
  • Website: https://www.energean.com

Number of Employees


Location

  • Energean plc
  • Accurist House
  • 3rd floor
  • London
  • Greater London
  • W1U 7AL
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ENOGLSE (London Stock Exchange)YesNew Ordinary SharesGBGBPMar 2018
1YEDB (Deutsche Boerse AG)YesNew Ordinary SharesDEEURMar 2018
ENOGLBATS-CHIXE (BATS 'Chi-X Europe')YesNew Ordinary SharesGBGBPMar 2018
ENOGTASE (The Tel-Aviv Stock Exchange)YesNew Ordinary SharesILILSMar 2018
EERG.FOTCPK (Pink Sheets LLC)YesNew Ordinary SharesUSUSDMar 2018

Biography

Energean plc engages in the exploration, development, and production of oil and gas. It operates through four segments: Greece, Israel, Montenegro, and New Ventures. The company holds interests in 18 lease...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/22 20:30
End of Day Share Price2021/01/22 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.