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TLW

Tullow Oil LSE:TLW Stock Report

Last Price

UK£0.52

Market Cap

UK£748.0m

7D

-0.2%

1Y

11.4%

Updated

12 Aug, 2022

Data

Company Financials +
TLW fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance0/6
Financial Health2/6
Dividends0/6

TLW Stock Overview

Tullow Oil plc engages in the oil and gas exploration, development, and production activities primarily in Africa and South America.

Tullow Oil Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Tullow Oil
Historical stock prices
Current Share PriceUK£0.52
52 Week HighUK£0.64
52 Week LowUK£0.39
Beta2.49
1 Month Change22.01%
3 Month Change-2.26%
1 Year Change11.44%
3 Year Change-74.32%
5 Year Change-65.86%
Change since IPO316.00%

Recent News & Updates

Shareholder Returns

TLWGB Oil and GasGB Market
7D-0.2%-1.1%-0.3%
1Y11.4%-7.2%-9.1%

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

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

Price Volatility

Is TLW's price volatile compared to industry and market?
TLW volatility
TLW Average Weekly Movement6.9%
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: TLW is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 7% a week.

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

About the Company

FoundedEmployeesCEOWebsite
1985378Rahul Dhirhttps://www.tullowoil.com

Tullow Oil plc engages in the oil and gas exploration, development, and production activities primarily in Africa and South America. As of December 31, 2021, its portfolio comprised 30 licenses in 8 countries with 30 producing wells. The company was founded in 1985 and is headquartered in London, the United Kingdom.

Tullow Oil Fundamentals Summary

How do Tullow Oil's earnings and revenue compare to its market cap?
TLW fundamental statistics
Market CapUS$906.78m
Earnings (TTM)-US$80.70m
Revenue (TTM)US$1.27b

0.7x

P/S Ratio

-11.2x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TLW income statement (TTM)
RevenueUS$1.27b
Cost of RevenueUS$638.90m
Gross ProfitUS$634.30m
Other ExpensesUS$715.00m
Earnings-US$80.70m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Sep 14, 2022

Earnings per share (EPS)-0.056
Gross Margin49.82%
Net Profit Margin-6.34%
Debt/Equity Ratio-551.1%

How did TLW perform over the long term?

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

Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • 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 TLW?

Other financial metrics that can be useful for relative valuation.

TLW 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/Revenue3x
Enterprise Value/EBITDA4.3x
PEG Ration/a

Price to Sales Ratio vs Peers

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

TLW PS Ratio vs Peers
The above table shows the PS ratio for TLW vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average3.5x
ENQ EnQuest
0.5x-0.8%UK£518.8m
SEPL Seplat Energy
0.9x-4.1%UK£671.6m
INDI Indus Gas
10.7xn/aUK£457.4m
GKP Gulf Keystone Petroleum
2.1x2.5%UK£515.5m
TLW Tullow Oil
0.7xn/aUK£748.0m

Price-To-Sales vs Peers: TLW is good value based on its Price-To-Sales Ratio (0.7x) compared to the peer average (3.5x).


Price to Earnings Ratio vs Industry

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

Price-To-Sales vs Industry: TLW is good value based on its Price-To-Sales Ratio (0.7x) compared to the UK Oil and Gas industry average (2x)


Price to Sales Ratio vs Fair Ratio

What is TLW'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.

TLW PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.7x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate TLW's Price-To-Sales Fair Ratio for valuation analysis.


Share Price vs Fair Value

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

Below Fair Value: TLW (£0.52) is trading below our estimate of fair value (£1.65)

Significantly Below Fair Value: TLW 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: Insufficient data to show price forecast.


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Future Growth

How is Tullow Oil forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-5.7%

Forecasted Energy industry annual growth in earnings

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if TLW's forecast earnings growth is above the savings rate (0.9%).

Earnings vs Market: Insufficient data to determine if TLW's earnings are forecast to grow faster than the UK market

High Growth Earnings: Insufficient data to determine if TLW's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if TLW's revenue is forecast to grow faster than the UK market.

High Growth Revenue: Insufficient data to determine if TLW's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TLW's Return on Equity is forecast to be very high in 3 years time (73.2%).


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Past Performance

How has Tullow Oil 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


-13.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: TLW is currently unprofitable.

Growing Profit Margin: TLW is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TLW is unprofitable, and losses have increased over the past 5 years at a rate of 13.6% per year.

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

Earnings vs Industry: TLW 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: TLW's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Discover strong past performing companies

Financial Health

How is Tullow Oil's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: TLW has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: TLW has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: TLW has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: TLW's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


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 TLW has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: TLW is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 28.6% per year.


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Dividend

What is Tullow Oil 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


0.18%

Forecast Dividend Yield

Dividend Yield vs Market

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

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

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


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

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


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Management

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

4.3yrs

Average management tenure


CEO

Rahul Dhir (56 yo)

2.08yrs

Tenure

US$2,519,642

Compensation

Mr. Rahul Dhir serves as Chief Executive Officer and an Executive Director at Tullow Oil plc since July 1, 2020. He is Venture Partner of GTI Group LLC. Mr. Dhir served as Chief Executive Officer and Manag...


CEO Compensation Analysis

Compensation vs Market: Rahul's total compensation ($USD2.52M) is above average for companies of similar size in the UK market ($USD1.37M).

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


Leadership Team

Experienced Management: TLW's management team is considered experienced (4.3 years average tenure).


Board Members

Experienced Board: TLW's board of directors are considered experienced (3 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

Tullow Oil plc's employee growth, exchange listings and data sources


Key Information

  • Name: Tullow Oil plc
  • Ticker: TLW
  • Exchange: LSE
  • Founded: 1985
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Implied Market Cap: UK£747.987m
  • Shares outstanding: 1.44b
  • Website: https://www.tullowoil.com

Number of Employees


Location

  • Tullow Oil plc
  • Chiswick Park
  • Building 9
  • London
  • Greater London
  • W4 5XT
  • 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.