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HBR

Harbour EnergyLSE:HBR Stock Report

Last Price

UK£3.77

Market Cap

UK£3.5b

7D

-0.1%

1Y

n/a

Updated

18 Jan, 2022

Data

Company Financials +
HBR fundamental analysis
Snowflake Score
Valuation2/6
Future Growth4/6
Past Performance0/6
Financial Health2/6
Dividends0/6

HBR Stock Overview

Harbour Energy plc operates as an independent oil and gas company.

Rewards

Trading at 22.3% below our estimate of its fair value

Earnings are forecast to grow 13.3% per year

Risk Analysis

No risks detected for HBR from our risk checks.

Harbour Energy Competitors

TotalEnergies

ENXTPA:TTE

€131.4b

Equinor

OB:EQNR

kr828.2b

Aker BP

OB:AKRBP

kr202.0b

OMV

WBAG:OMV

€17.9b

Price History & Performance

Summary of all time highs, changes and price drops for Harbour Energy
Historical stock prices
Current Share PriceUK£3.77
52 Week HighUK£4.49
52 Week LowUK£2.84
Beta0
1 Month Change5.96%
3 Month Change-0.26%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO-8.62%

Recent News & Updates

Dec 29
An Intrinsic Calculation For Harbour Energy plc (LON:HBR) Suggests It's 29% Undervalued

An Intrinsic Calculation For Harbour Energy plc (LON:HBR) Suggests It's 29% Undervalued

In this article we are going to estimate the intrinsic value of Harbour Energy plc ( LON:HBR ) by estimating the...

Sep 15
Is There An Opportunity With Harbour Energy plc's (LON:HBR) 37% Undervaluation?

Is There An Opportunity With Harbour Energy plc's (LON:HBR) 37% Undervaluation?

Today we will run through one way of estimating the intrinsic value of Harbour Energy plc ( LON:HBR ) by taking the...

Shareholder Returns

HBRGB Oil and GasGB Market
7D-0.1%-5.0%-1.0%
1Yn/a16.1%8.3%

Return vs Industry: Insufficient data to determine how HBR performed against the UK Oil and Gas industry.

Return vs Market: Insufficient data to determine how HBR performed against the UK Market.

Price Volatility

Is HBR's price volatile compared to industry and market?
HBR volatility
HBR Average Weekly Movement7.2%
Oil and Gas Industry Average Movement7.5%
Market Average Movement5.0%
10% most volatile stocks in GB Market10.6%
10% least volatile stocks in GB Market2.5%

Stable Share Price: HBR is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: HBR's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20071,800Linda Cookhttps://www.harbourenergy.com

Harbour Energy plc operates as an independent oil and gas company. It holds interests in various properties located in the United Kingdom, Norway, Indonesia, Vietnam, Brazil, Falkland Islands, Mauritania, and Mexico. The company was founded in 2007 and is based in Edinburgh, the United Kingdom.

Harbour Energy Fundamentals Summary

How do Harbour Energy's earnings and revenue compare to its market cap?
HBR fundamental statistics
Market CapUS$4.74b
Earnings (TTM)-US$537.44m
Revenue (TTM)US$2.56b

1.9x

P/S Ratio

-8.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HBR income statement (TTM)
RevenueUS$2.56b
Cost of RevenueUS$1.92b
Gross ProfitUS$639.44m
ExpensesUS$1.18b
Earnings-US$537.44m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.58
Gross Margin24.97%
Net Profit Margin-20.99%
Debt/Equity Ratio173.0%

How did HBR perform over the long term?

See historical performance and comparison

Valuation

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

22.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: HBR (£3.77) is trading below our estimate of fair value (£4.85)

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


Price To Earnings Ratio

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

PE vs Market: HBR 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 HBR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: HBR is overvalued based on its PB Ratio (2.7x) compared to the GB Oil and Gas industry average (1x).


Future Growth

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

13.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HBR is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.9%).

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

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

Revenue vs Market: HBR's revenue (1.2% per year) is forecast to grow slower than the UK market (4.9% per year).

High Growth Revenue: HBR's revenue (1.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: HBR's Return on Equity is forecast to be high in 3 years time (29%)


Past Performance

How has Harbour Energy performed over the past 5 years?

-56.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HBR is currently unprofitable.

Growing Profit Margin: HBR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: HBR is unprofitable, and losses have increased over the past 5 years at a rate of 56.6% per year.

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

Earnings vs Industry: HBR is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (63.2%).


Return on Equity

High ROE: HBR has a negative Return on Equity (-30.95%), as it is currently unprofitable.


Financial Health

How is Harbour Energy's financial position?


Financial Position Analysis

Short Term Liabilities: HBR's short term assets ($1.5B) do not cover its short term liabilities ($2.5B).

Long Term Liabilities: HBR's short term assets ($1.5B) do not cover its long term liabilities ($10.1B).


Debt to Equity History and Analysis

Debt Level: HBR's net debt to equity ratio (148.5%) is considered high.

Reducing Debt: HBR's debt to equity ratio has increased from 3.5% to 173% 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: Whilst unprofitable HBR has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: HBR is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 28.4% per year.


Dividend

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

3.97%

Forecast Dividend Yield


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if HBR'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 HBR'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?

1.4yrs

Average management tenure


CEO

Linda Cook (63 yo)

0.75

Tenure

Ms. Linda Zarda Cook serves as the Chief Executive Officer at Harbour Energy plc since April 1, 2021 and serves as its Director. She serves as Chief Executive Officer at Harbour Energy, Ltd. and serves as...


Leadership Team

Experienced Management: HBR's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Members

Experienced Board: HBR's board of directors are considered experienced (5 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: HBR insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: HBR only recently listed within the past 12 months.


Top Shareholders

Company Information

Harbour Energy plc's employee growth, exchange listings and data sources


Key Information

  • Name: Harbour Energy plc
  • Ticker: HBR
  • Exchange: LSE
  • Founded: 2007
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Implied Market Cap: UK£3.491b
  • Shares outstanding: 925.53m
  • Website: https://www.harbourenergy.com

Number of Employees


Location

  • Harbour Energy plc
  • Saltire Court
  • 4th Floor
  • Edinburgh
  • EH1 2EN
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/18 21:21
End of Day Share Price2022/01/18 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.