Premier Oil
Market Cap
UK£175.2m
Last Updated
2021/01/26 19:17 UTC
Data Sources
Company Financials +
Executive Summary
Premier Oil plc, an oil and gas company, engages in the exploration, production, and development of oil and gas properties in the Falkland Islands, Indonesia, Vietnam, the United Kingdom, and internationally. More Details
Rewards
Risk Analysis
Currently unprofitable and not forecast to become profitable over the next 3 years
Snowflake Analysis
Fair value with imperfect balance sheet.
Similar Companies
Share Price & News
How has Premier Oil's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PMO is more volatile than 75% of UK stocks over the past 3 months, typically moving +/- 14% a week.
Volatility Over Time: PMO's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of UK stocks.
Market Performance
7 Day Return
-11.1%
PMO
-5.6%
GB Oil and Gas
-1.0%
GB Market
1 Year Return
-82.6%
PMO
-26.3%
GB Oil and Gas
-7.7%
GB Market
Return vs Industry: PMO underperformed the UK Oil and Gas industry which returned -26.3% over the past year.
Return vs Market: PMO underperformed the UK Market which returned -7.7% over the past year.
Shareholder returns
| PMO | Industry | Market | |
|---|---|---|---|
| 7 Day | -11.1% | -5.6% | -1.0% |
| 30 Day | -9.1% | 8.8% | 2.2% |
| 90 Day | 63.3% | 43.7% | 18.5% |
| 1 Year | -82.6%-82.6% | -22.2%-26.3% | -4.0%-7.7% |
| 3 Year | -77.3%-77.3% | -8.4%-21.1% | 4.0%-8.7% |
| 5 Year | -44.3%-44.3% | 54.0%21.1% | 43.8%15.9% |
Long-Term Price Volatility Vs. Market
How volatile is Premier Oil's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
How Much Did Premier Oil's(LON:PMO) Shareholders Earn From Share Price Movements Over The Last Year?6 months ago | Simply Wall St
Do Institutions Own Premier Oil plc (LON:PMO) Shares?7 months ago | Simply Wall St
Is Premier Oil (LON:PMO) Using Too Much Debt?Valuation
Is Premier Oil 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: PMO (£0.19) is trading below our estimate of fair value (£1.98)
Significantly Below Fair Value: PMO is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PMO is unprofitable, so we can't compare its PE Ratio to the GB Oil and Gas industry average.
PE vs Market: PMO 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 PMO's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PMO is good value based on its PB Ratio (0.4x) compared to the GB Oil and Gas industry average (0.9x).
Next Steps
Future Growth
How is Premier Oil forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
100.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PMO is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: PMO is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: PMO is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: PMO's revenue (3.8% per year) is forecast to grow slower than the UK market (6.5% per year).
High Growth Revenue: PMO's revenue (3.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PMO's Return on Equity is forecast to be low in 3 years time (18%).
Next Steps
Past Performance
How has Premier Oil performed over the past 5 years?
43.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PMO is currently unprofitable.
Growing Profit Margin: PMO is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: PMO is unprofitable, but has reduced losses over the past 5 years at a rate of 43.8% per year.
Accelerating Growth: Unable to compare PMO's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: PMO 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: PMO has a negative Return on Equity (-128.29%), as it is currently unprofitable.
Next Steps
Financial Health
How is Premier Oil's financial position?
Financial Position Analysis
Short Term Liabilities: PMO's short term assets ($561.3M) do not cover its short term liabilities ($2.8B).
Long Term Liabilities: PMO's short term assets ($561.3M) do not cover its long term liabilities ($1.9B).
Debt to Equity History and Analysis
Debt Level: PMO's debt to equity ratio (428.8%) is considered high.
Reducing Debt: PMO's debt to equity ratio has increased from 171.4% to 428.8% 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 PMO has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: PMO is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 55.5% per year.
Next Steps
Dividend
What is Premier Oil current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate PMO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate PMO'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 PMO's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if PMO's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: PMO is not paying a notable dividend for the UK market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of PMO'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?
3.4yrs
Average board tenure
CEO
Richard Rose (47 yo)
no data
Tenure
US$1,341,103
Compensation
Mr. Richard Rose has been Finance Director of Premier Oil plc since September 8, 2014 and is its Executive Director since September 8, 2014. He is Interim Chief Executive Officer of Premier Oil plc since J...
CEO Compensation Analysis
Compensation vs Market: Richard's total compensation ($USD1.34M) is above average for companies of similar size in the UK market ($USD604.12K).
Compensation vs Earnings: Richard's compensation has increased whilst the company is unprofitable.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Interim CEO | no data | US$1.34m | 0.045% $ 78.0k | |
| Independent Non-Executive Chairman | 3.33yrs | US$231.51k | 0.0065% $ 11.4k | |
| Independent Non-Executive Director | 3.42yrs | US$70.19k | 0.0032% $ 5.7k | |
| Senior Independent Non Executive Director | 1yr | US$70.19k | 0.0011% $ 1.9k | |
| Independent Non-Executive Director | 4.67yrs | US$84.23k | 0.0025% $ 4.4k | |
| Independent Non-Executive Director | 3.42yrs | US$70.19k | 0.0011% $ 1.9k | |
| Independent Non-Executive Director | 0.75yr | no data | 0.0011% $ 1.9k |
3.4yrs
Average Tenure
63yo
Average Age
Experienced Board: PMO'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 been diluted in the past year, with total shares outstanding growing by 11.2%.
Top Shareholders
Company Information
Premier Oil plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Premier Oil plc
- Ticker: PMO
- Exchange: LSE
- Founded: 1934
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Market Cap: UK£175.157m
- Shares outstanding: 922.61m
- Website: https://www.premier-oil.com
Number of Employees
Location
- Premier Oil plc
- 23 Lower Belgrave Street
- London
- Greater London
- SW1W 0NR
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| PMOI.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jan 1975 |
| PMOI.Y | OTCPK (Pink Sheets LLC) | SPONSORED ADR | US | USD | Jan 1975 | |
| PMO | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | Jan 1975 |
| PQQB | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jan 1975 |
| PMOL | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | GBP | Jan 1975 |
Biography
Premier Oil plc, an oil and gas company, engages in the exploration, production, and development of oil and gas properties in the Falkland Islands, Indonesia, Vietnam, the United Kingdom, and international...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/26 19:17 |
| End of Day Share Price | 2021/01/26 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.