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ENOG

Energean LSE:ENOG Stock Report

Last Price

UK£12.87

Market Cap

UK£2.3b

7D

8.3%

1Y

97.2%

Updated

12 Aug, 2022

Data

Company Financials +
ENOG fundamental analysis
Snowflake Score
Valuation2/6
Future Growth6/6
Past Performance0/6
Financial Health3/6
Dividends0/6

ENOG Stock Overview

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

Rewards

Trading at 54.1% below our estimate of its fair value

Earnings are forecast to grow 42.89% per year

Risk Analysis

No risks detected for ENOG from our risk checks.

Energean Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Energean
Historical stock prices
Current Share PriceUK£12.87
52 Week HighUK£14.37
52 Week LowUK£6.00
Beta0.78
1 Month Change24.59%
3 Month Change-5.44%
1 Year Change97.24%
3 Year Change26.18%
5 Year Changen/a
Change since IPO194.51%

Recent News & Updates

Shareholder Returns

ENOGGB Oil and GasGB Market
7D8.3%-1.1%-0.3%
1Y97.2%-7.2%-9.1%

Return vs Industry: ENOG exceeded the UK Oil and Gas industry which returned -7.2% over the past year.

Return vs Market: ENOG exceeded the UK Market which returned -9.1% over the past year.

Price Volatility

Is ENOG's price volatile compared to industry and market?
ENOG volatility
ENOG Average Weekly Movement5.4%
Oil and Gas Industry Average Movement8.8%
Market Average Movement5.4%
10% most volatile stocks in GB Market10.8%
10% least volatile stocks in GB Market2.7%

Stable Share Price: ENOG is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: ENOG's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2007620Mathios Rigashttps://www.energean.com

Energean plc engages in the exploration, development, and production of oil and gas. It operates through four segments: Europe, Israel, Egypt, and New Ventures. The company holds interests in the Eastern Mediterranean.

Energean Fundamentals Summary

How do Energean's earnings and revenue compare to its market cap?
ENOG fundamental statistics
Market CapUS$2.74b
Earnings (TTM)-US$96.05m
Revenue (TTM)US$496.99m

5.6x

P/S Ratio

-28.9x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ENOG income statement (TTM)
RevenueUS$496.99m
Cost of RevenueUS$345.69m
Gross ProfitUS$151.29m
Other ExpensesUS$247.34m
Earnings-US$96.05m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.54
Gross Margin30.44%
Net Profit Margin-19.33%
Debt/Equity Ratio411.0%

How did ENOG perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is ENOG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ENOG?

Other financial metrics that can be useful for relative valuation.

ENOG key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue9.6x
Enterprise Value/EBITDA24x
PEG Ration/a

Price to Sales Ratio vs Peers

How does ENOG's PS Ratio compare to its peers?

ENOG PS Ratio vs Peers
The above table shows the PS ratio for ENOG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average1.7x
SQZ Serica Energy
2.1x-4.7%UK£1.1b
DEC Diversified Energy
0.9x-25.9%UK£1.1b
HBR Harbour Energy
1.2x7.2%UK£3.4b
SAVE Savannah Energy
2.6x41.7%UK£404.9m
ENOG Energean
5.6x30.1%UK£2.3b

Price-To-Sales vs Peers: ENOG is expensive based on its Price-To-Sales Ratio (5.6x) compared to the peer average (1.7x).


Price to Earnings Ratio vs Industry

How does ENOG's PE Ratio compare vs other companies in the GB Oil and Gas Industry?

Price-To-Sales vs Industry: ENOG is expensive based on its Price-To-Sales Ratio (5.6x) compared to the UK Oil and Gas industry average (2x)


Price to Sales Ratio vs Fair Ratio

What is ENOG's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ENOG PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio5.6x
Fair PS Ratio2x

Price-To-Sales vs Fair Ratio: ENOG is expensive based on its Price-To-Sales Ratio (5.6x) compared to the estimated Fair Price-To-Sales Ratio (2x).


Share Price vs Fair Value

What is the Fair Price of ENOG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ENOG (£12.87) is trading below our estimate of fair value (£28.02)

Significantly Below Fair Value: ENOG 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, but analysts are not within a statistically confident range of agreement.


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Future Growth

How is Energean forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

Future Growth Score

6/6

Future Growth Score 6/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


42.9%

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 (0.9%).

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 is expected to become profitable in the next 3 years.

Revenue vs Market: ENOG's revenue (30.1% per year) is forecast to grow faster than the UK market (4.2% per year).

High Growth Revenue: ENOG's revenue (30.1% 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 very high in 3 years time (52.9%).


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Past Performance

How has Energean performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-49.8%

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 49.8% 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 (291.9%).


Return on Equity

High ROE: ENOG has a negative Return on Equity (-13.41%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Energean's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: ENOG's short term assets ($1.2B) exceed its short term liabilities ($479.9M).

Long Term Liabilities: ENOG's short term assets ($1.2B) do not cover its long term liabilities ($4.0B).


Debt to Equity History and Analysis

Debt Level: ENOG's net debt to equity ratio (306.7%) is considered high.

Reducing Debt: ENOG had negative shareholder equity 5 years ago, but is now positive and has therefore improved.


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: ENOG has sufficient cash runway for more than a year 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.


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


7.07%

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.


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 ENOG has not reported any payouts.


Discover strong dividend paying companies

Management

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

1.7yrs

Average management tenure


CEO

Mathios Rigas (54 yo)

15.58yrs

Tenure

US$6,045,876

Compensation

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...


CEO Compensation Analysis

Compensation vs Market: Mathios's total compensation ($USD6.05M) is above average for companies of similar size in the UK market ($USD3.16M).

Compensation vs Earnings: Mathios's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: ENOG's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Members

Experienced Board: ENOG's board of directors are considered experienced (4.9 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 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
  • Implied Market Cap: UK£2.261b
  • Shares outstanding: 178.04m
  • Website: https://www.energean.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/12 00:00
End of Day Share Price2022/08/12 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.