company background image
PHAR

Pharos Energy LSE:PHAR Stock Report

Last Price

UK£0.20

Market Cap

UK£86.3m

7D

8.7%

1Y

1.5%

Updated

01 Oct, 2022

Data

Company Financials +
PHAR fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance2/6
Financial Health4/6
Dividends0/6

PHAR Stock Overview

Pharos Energy plc engages in the exploration, development, and production of oil and gas properties.

Pharos Energy Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Pharos Energy
Historical stock prices
Current Share PriceUK£0.20
52 Week HighUK£0.33
52 Week LowUK£0.18
Beta2
1 Month Change-17.08%
3 Month Change-7.87%
1 Year Change1.53%
3 Year Change-66.61%
5 Year Change-83.14%
Change since IPO-66.97%

Recent News & Updates

May 27
Does Pharos Energy (LON:PHAR) Have A Healthy Balance Sheet?

Does Pharos Energy (LON:PHAR) Have A Healthy Balance Sheet?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Shareholder Returns

PHARGB Oil and GasGB Market
7D8.7%2.1%-1.7%
1Y1.5%-11.8%-15.1%

Return vs Industry: PHAR exceeded the UK Oil and Gas industry which returned -11.8% over the past year.

Return vs Market: PHAR exceeded the UK Market which returned -15.1% over the past year.

Price Volatility

Is PHAR's price volatile compared to industry and market?
PHAR volatility
PHAR Average Weekly Movement6.9%
Oil and Gas Industry Average Movement8.9%
Market Average Movement5.4%
10% most volatile stocks in GB Market10.7%
10% least volatile stocks in GB Market2.8%

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

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

About the Company

FoundedEmployeesCEOWebsite
199765Jann Brownhttps://www.pharos.energy

Pharos Energy plc engages in the exploration, development, and production of oil and gas properties. The company holds a 30.5% working interest in the Te Giac Trang Field of Block 16-1 located in the shallow water Cuu Long Basin, as well as a 25% working interest in the Ca Ngu Vang field of Block 9-2 located in the shallow water Cuu Long Basin, offshore southern Vietnam; a 70% interest in the Blocks 125 & 126 located in the Phu Khanh Basin, offshore central Vietnam; and a 100% working interest in the onshore El Fayum concession in the Western Desert, Egypt. It also holds a 33.33 % working interest in eight licenses located in Israel.

Pharos Energy Fundamentals Summary

How do Pharos Energy's earnings and revenue compare to its market cap?
PHAR fundamental statistics
Market CapUK£86.31m
Earnings (TTM)UK£38.77m
Revenue (TTM)UK£154.99m

2.2x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PHAR income statement (TTM)
RevenueUS$172.70m
Cost of RevenueUS$108.50m
Gross ProfitUS$64.20m
Other ExpensesUS$21.00m
EarningsUS$43.20m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Oct 27, 2022

Earnings per share (EPS)0.10
Gross Margin37.17%
Net Profit Margin25.01%
Debt/Equity Ratio23.6%

How did PHAR perform over the long term?

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

Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings 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 PHAR?

Other financial metrics that can be useful for relative valuation.

PHAR 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/Revenue0.7x
Enterprise Value/EBITDA1.8x
PEG Ratio-0.05x

Price to Earnings Ratio vs Peers

How does PHAR's PE Ratio compare to its peers?

PHAR PE Ratio vs Peers
The above table shows the PE ratio for PHAR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average15x
IGAS IGas Energy
2.6x-31.1%UK£66.8m
ENW Enwell Energy
1.3xn/aUK£78.9m
EDR Egdon Resources
46.8x31.1%UK£27.0m
TRIN Trinity Exploration & Production
9.5xn/aUK£48.5m
PHAR Pharos Energy
2.2x-42.3%UK£86.3m

Price-To-Earnings vs Peers: PHAR is good value based on its Price-To-Earnings Ratio (2.2x) compared to the peer average (15x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: PHAR is good value based on its Price-To-Earnings Ratio (2.2x) compared to the UK Oil and Gas industry average (5x)


Price to Earnings Ratio vs Fair Ratio

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

PHAR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio2.2x
Fair PE Ratio3.7x

Price-To-Earnings vs Fair Ratio: PHAR is good value based on its Price-To-Earnings Ratio (2.2x) compared to the estimated Fair Price-To-Earnings Ratio (3.7x).


Share Price vs Fair Value

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

Below Fair Value: PHAR (£0.2) is trading below our estimate of fair value (£4.37)

Significantly Below Fair Value: PHAR 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.


Discover undervalued companies

Future Growth

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

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


-42.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PHAR's earnings are forecast to decline over the next 3 years (-42.3% per year).

Earnings vs Market: PHAR's earnings are forecast to decline over the next 3 years (-42.3% per year).

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

Revenue vs Market: PHAR's revenue is expected to decline over the next 3 years (-3.7% per year).

High Growth Revenue: PHAR's revenue is forecast to decline over the next 3 years (-3.7% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PHAR is forecast to be unprofitable in 3 years.


Discover growth companies

Past Performance

How has Pharos Energy performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-5.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PHAR has high quality earnings.

Growing Profit Margin: PHAR's current net profit margins (25%) are lower than last year (52.7%).


Past Earnings Growth Analysis

Earnings Trend: PHAR has become profitable over the past 5 years, growing earnings by -5.9% per year.

Accelerating Growth: PHAR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: PHAR had negative earnings growth (-26.9%) over the past year, making it difficult to compare to the Oil and Gas industry average (308.4%).


Return on Equity

High ROE: PHAR's Return on Equity (12.2%) is considered low.


Discover strong past performing companies

Financial Health

How is Pharos Energy's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: PHAR's short term assets ($131.4M) exceed its short term liabilities ($70.2M).

Long Term Liabilities: PHAR's short term assets ($131.4M) do not cover its long term liabilities ($212.7M).


Debt to Equity History and Analysis

Debt Level: PHAR's net debt to equity ratio (10.1%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if PHAR's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: PHAR's debt is well covered by operating cash flow (46%).

Interest Coverage: PHAR's interest payments on its debt are well covered by EBIT (16.6x coverage).


Balance Sheet


Discover healthy companies

Dividend

What is Pharos Energy 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


277.02%

Forecast Dividend Yield

Dividend Yield vs Market

Pharos Energy Dividend Yield vs Market
How does Pharos Energy dividend yield compare to the market?
SegmentDividend Yield
Company (Pharos Energy)0%
Market Bottom 25% (GB)2.1%
Market Top 25% (GB)6.1%
Industry Average (Oil and Gas)7.4%
Analyst forecast in 3 Years (Pharos Energy)277.0%

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

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

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


Earnings Payout to Shareholders

Earnings Coverage: PHAR is not paying a notable dividend for the UK market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as PHAR has not reported any payouts.


Discover strong dividend paying companies

Management

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

1.2yrs

Average management tenure


CEO

Jann Brown (67 yo)

4.83yrs

Tenure

US$1,145,000

Compensation

Ms. Janice Margaret Brown, also known as Jann, M.A.(Hons), C.A., C.T.A. has been Independent Non-Executive Director at RHI Magnesita N.V. since June 10, 2021 and was its Board Observer since April 27, 2021...


CEO Compensation Analysis

Jann Brown's Compensation vs Pharos Energy Earnings
How has Jann Brown's remuneration changed compared to Pharos Energy's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

US$43m

Mar 31 2022n/an/a

US$19m

Dec 31 2021US$1mUS$394k

-US$5m

Jun 30 2021n/an/a

US$59m

Mar 31 2021n/an/a

-US$78m

Dec 31 2020US$674kUS$544k

-US$216m

Jun 30 2020n/an/a

-US$276m

Mar 31 2020n/an/a

-US$151m

Dec 31 2019US$1mUS$561k

-US$26m

Sep 30 2019n/an/a

-US$13m

Jun 30 2019n/an/a

-US$500k

Mar 31 2019n/an/a

US$12m

Dec 31 2018US$1mUS$601k

US$24m

Sep 30 2018n/an/a

-US$66m

Jun 30 2018n/an/a

US$2m

Mar 31 2018n/an/a

-US$2m

Dec 31 2017US$616kUS$79k

-US$5m

Compensation vs Market: Jann's total compensation ($USD1.15M) is above average for companies of similar size in the UK market ($USD332.70K).

Compensation vs Earnings: Jann's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: PHAR's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.


Board Members

Experienced Board: PHAR's board of directors are not considered experienced ( 3 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: PHAR insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

LSE:PHAR Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
30 Aug 22BuyUK£6,546Janice BrownIndividual26,643UK£0.25
30 Aug 22BuyUK£975Sue RivettIndividual3,968UK£0.25
27 Apr 22BuyUK£6,547Janice BrownIndividual24,613UK£0.27
27 Apr 22BuyUK£975Sue RivettIndividual3,665UK£0.27
13 Jan 22BuyUK£95,019Janice BrownIndividual381,909UK£0.25

Ownership Breakdown

What is the ownership structure of PHAR?
Owner TypeNumber of SharesOwnership Percentage
Public Companies101,8940.02%
Employee Share Scheme330,7140.08%
Private Companies4,925,0001.1%
VC/PE Firms41,287,4489.5%
General Public49,989,95811.5%
Individual Insiders109,957,85025.4%
Institutions227,134,69252.4%

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


Top Shareholders

Top 25 shareholders own 75.85% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
9.52%
Yorktown Partners LLC
41,287,448$8.2m-0.81%0.8%
8.91%
Lombard Odier Asset Management (Europe) Limited
38,664,363$7.7m0.47%0.13%
7.67%
Aberforth Partners LLP
33,257,466$6.6m-1.6%0.39%
7.52%
Ettore P. Contini
32,613,577$6.5m0%no data
7.29%
Caterina Van der Westhuizen
31,617,359$6.3m0%no data
6.33%
Barbara Contini
27,444,382$5.5m0%no data
3.75%
Edward Story
16,271,613$3.2m0%no data
2.93%
Chelverton Asset Management Limited
12,725,000$2.5m0%0.16%
1.94%
FMR LLC
8,433,802$1.7m-1.21%no data
1.75%
Merrill Lynch & Co. Inc., Banking Investments
7,583,058$1.5m0.13%no data
1.71%
UBS Asset Management
7,421,339$1.5m-1.64%no data
1.66%
Dimensional Fund Advisors LP
7,184,183$1.4m4.34%no data
1.55%
Anima SGR S.p.A.
6,734,697$1.3m0%0.01%
1.51%
Bank Julius Bär & Co Ltd., Asset Management Arm
6,555,103$1.3m-4.79%0.01%
1.41%
Fleming Family & Partners Ltd.
6,106,379$1.2m0%0.05%
1.39%
BlackRock, Inc.
6,013,445$1.2m5.93%no data
1.32%
Legal & General Investment Management Limited
5,744,249$1.1m-0.64%no data
1.11%
Armstrong Investments Limited
4,800,000$955.2k26.32%no data
1.1%
A J Bell Holdings Limited, Asset Management Arm
4,760,894$947.4k-2.1%0.01%
1.01%
Mirabaud Asset Management Limited
4,378,975$871.4k0%0.1%
1%
Rothschild & Co Asset Management US Inc.
4,354,410$866.5k0%0.01%
0.93%
Canaccord Genuity Wealth (International) Limited
4,048,366$805.6k-0.63%0.01%
0.88%
Acadian Asset Management LLC
3,795,385$755.3k15.34%no data
0.84%
HBOS Investment Fund Managers Limited
3,636,868$723.7k14.83%0.01%
0.81%
Jarvis Securities plc, Asset Management Arm
3,533,751$703.2k0.75%0.05%

Company Information

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


Key Information

  • Name: Pharos Energy plc
  • Ticker: PHAR
  • Exchange: LSE
  • Founded: 1997
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Implied Market Cap: UK£86.312m
  • Shares outstanding: 433.73m
  • Website: https://www.pharos.energy

Number of Employees


Location

  • Pharos Energy plc
  • Eastcastle House
  • 27/28 Eastcastle Street
  • London
  • Greater London
  • W1W 8DH
  • United Kingdom


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PHARLSE (London Stock Exchange)YesOrdinary SharesGBGBPMay 1997
SOCL.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDMay 1997
OCS1DB (Deutsche Boerse AG)YesOrdinary SharesDEEURMay 1997
PHARLBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBGBPMay 1997

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/01 00:00
End of Day Share Price2022/09/30 00:00
Earnings2022/06/30
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.