Reported Earnings • May 06
First quarter 2026 earnings released First quarter 2026 results: Revenue: €14.7m (up 55% from 1Q 2025). Net loss: €1.20m (loss narrowed 71% from 1Q 2025). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Renewable Energy industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. Breakeven Date Change • Apr 21
No longer forecast to breakeven The analyst covering Orrön Energy no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of €414.3m in 2028. New forecast suggests the company will make a loss of €10.0m in 2028. Reported Earnings • Feb 19
Full year 2025 earnings released: €0.092 loss per share (vs €0.047 loss in FY 2024) Full year 2025 results: €0.092 loss per share (further deteriorated from €0.047 loss in FY 2024). Revenue: €29.5m (down 20% from FY 2024). Net loss: €26.3m (loss widened 96% from FY 2024). Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 3.9% growth forecast for the Renewable Energy industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Announcement • Feb 19
Orrön Energy AB (publ) to Report Q2, 2026 Results on Aug 05, 2026 Orrön Energy AB (publ) announced that they will report Q2, 2026 results at 7:30 AM, Central European Standard Time on Aug 05, 2026 Announcement • Feb 18
Orrön Energy AB (Publ) Provides Production Guidance for the Full Year 2026 Orrön Energy AB (publ) provided production guidance for the full year 2026. For the year, the company expects proportionate power generation, including compensated volumes, between 800 and 950 GWh, which allows for uncertainties such as weather variability, curtailment and ancillary services. New Risk • Nov 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-€9.6m free cash flow). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (€3.3m net loss in 2 years). Share price has been volatile over the past 3 months (7.5% average weekly change). Reported Earnings • Nov 06
Third quarter 2025 earnings released: €0.03 loss per share (vs €0.038 loss in 3Q 2024) Third quarter 2025 results: €0.03 loss per share (improved from €0.038 loss in 3Q 2024). Revenue: €5.70m (up 256% from 3Q 2024). Net loss: €8.40m (loss narrowed 24% from 3Q 2024). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Renewable Energy industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Announcement • Sep 11
Orrön Energy AB (publ), Annual General Meeting, Apr 01, 2026 Orrön Energy AB (publ), Annual General Meeting, Apr 01, 2026. Reported Earnings • Aug 06
Second quarter 2025 earnings released: €0.04 loss per share (vs €0.023 profit in 2Q 2024) Second quarter 2025 results: €0.04 loss per share (down from €0.023 profit in 2Q 2024). Revenue: €4.60m (down 70% from 2Q 2024). Net loss: €11.4m (down 270% from profit in 2Q 2024). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Renewable Energy industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 11
Full year 2024 earnings released: €0.047 loss per share (vs €0.028 loss in FY 2023) Full year 2024 results: €0.047 loss per share (further deteriorated from €0.028 loss in FY 2023). Revenue: €36.7m (up 29% from FY 2023). Net loss: €13.4m (loss widened 68% from FY 2023). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Renewable Energy industry in Europe. Reported Earnings • Feb 13
Full year 2024 earnings released: €0.05 loss per share (vs €0.028 loss in FY 2023) Full year 2024 results: €0.05 loss per share (further deteriorated from €0.028 loss in FY 2023). Revenue: €36.7m (up 29% from FY 2023). Net loss: €13.4m (loss widened 68% from FY 2023). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Renewable Energy industry in Europe. Announcement • Feb 13
Orrön Energy AB (publ) to Report Q4, 2025 Results on Feb 11, 2026 Orrön Energy AB (publ) announced that they will report Q4, 2025 results at 7:30 AM, Central European Standard Time on Feb 11, 2026 New Risk • Feb 12
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 35% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Announcement • Feb 12
Orrön Energy AB (publ) to Report Q3, 2025 Results on Nov 05, 2025 Orrön Energy AB (publ) announced that they will report Q3, 2025 results on Nov 05, 2025 Reported Earnings • Nov 07
Third quarter 2024 earnings released: €0.04 loss per share (vs €0.027 loss in 3Q 2023) Third quarter 2024 results: €0.04 loss per share (further deteriorated from €0.027 loss in 3Q 2023). Revenue: €1.60m (down 30% from 3Q 2023). Net loss: €11.0m (loss widened 43% from 3Q 2023). Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Renewable Energy industry in Europe. Announcement • Oct 31
Orrön Energy AB (publ), Annual General Meeting, May 05, 2025 Orrön Energy AB (publ), Annual General Meeting, May 05, 2025. Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to kr9.96, the stock trades at a trailing P/E ratio of 54.7x. Average forward P/E is 15x in the Renewable Energy industry in Europe. Total returns to shareholders of 620% over the past three years. Announcement • Aug 09
JNE Partners LLP acquired 10% stake in Orrön Energy AB (publ) (OM:ORRON). JNE Partners LLP acquired 10% stake in Orrön Energy AB (publ) (OM:ORRON) on August 9, 2024.
JNE Partners LLP completed the acquisition of 10% stake in Orrön Energy AB (publ) (OM:ORRON) on August 9, 2024. Reported Earnings • Aug 09
Second quarter 2024 earnings released: EPS: €0.02 (vs €0.027 loss in 2Q 2023) Second quarter 2024 results: EPS: €0.02 (up from €0.027 loss in 2Q 2023). Revenue: €15.5m (up 154% from 2Q 2023). Net income: €6.70m (up €14.4m from 2Q 2023). Profit margin: 43% (up from net loss in 2Q 2023). The move to profitability was primarily driven by higher revenue. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Renewable Energy industry in Europe. New Risk • Aug 08
New major risk - Revenue and earnings growth Earnings have declined by 59% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 59% per year over the past 5 years. Minor Risks Currently unprofitable and not forecast to become profitable next year (€7.6m net loss next year). Share price has been volatile over the past 3 months (7.7% average weekly change). Reported Earnings • May 16
First quarter 2024 earnings released: €0.01 loss per share (vs €0.002 loss in 1Q 2023) First quarter 2024 results: €0.01 loss per share (further deteriorated from €0.002 loss in 1Q 2023). Revenue: €12.4m (up 6.9% from 1Q 2023). Net loss: €2.40m (loss widened 300% from 1Q 2023). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Renewable Energy industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 6 percentage points per year, which is a significant difference in performance. New Risk • May 14
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 14% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 14% per year for the foreseeable future. Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (€11m net loss in 2 years). Announcement • May 03
Orrön Energy AB (publ) to Report Q1, 2024 Results on May 14, 2024 Orrön Energy AB (publ) announced that they will report Q1, 2024 results at 7:30 AM, Central European Standard Time on May 14, 2024 Reported Earnings • Apr 18
Full year 2023 earnings released: €0.028 loss per share (vs €0.095 profit in FY 2022) Full year 2023 results: €0.028 loss per share (down from €0.095 profit in FY 2022). Revenue: €28.4m (up 106% from FY 2022). Net loss: €8.00m (down 130% from profit in FY 2022). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Renewable Energy industry in Europe. Announcement • Apr 12
Orrön Energy AB (publ) entered into an agreement to acquire the remaining 50% stake in Leikanger hydropower plant in Norway from Sognekraft Produksjon AS for approximately NOK 613 million (€53 million). Orrön Energy AB (publ) entered into an agreement to acquire the remaining 50% stake in Leikanger hydropower plant in Norway from Sognekraft Produksjon AS on January 1, 2024. The agreement, with an effective date of 1st January 2024 and structured on a debt and cash-free basis, for an enterprise value of approximately NOK 613 million (€53 million). The transaction is pending customary financing approvals from both Orrön Energy and Sognekraft. The closure is anticipated within the second quarter of 2024. Following the transaction, Sognekraft will own 100% of the company owning the Leikanger hydropower plant. Recent Insider Transactions • Feb 23
Chief Executive Officer recently bought kr1.1m worth of stock On the 21st of February, Daniel Fitzgerald bought around 170k shares on-market at roughly kr6.18 per share. This transaction amounted to 47% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Daniel has been a buyer over the last 12 months, purchasing a net total of kr2.3m worth in shares. Reported Earnings • Feb 16
Full year 2023 earnings released: €0.03 loss per share (vs €0.094 profit in FY 2022) Full year 2023 results: €0.03 loss per share (down from €0.094 profit in FY 2022). Revenue: €28.4m (up 110% from FY 2022). Net loss: €8.00m (down 130% from profit in FY 2022). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Renewable Energy industry in Europe. Announcement • Feb 15
Orrön Energy AB (publ) to Report Q2, 2024 Results on Aug 08, 2024 Orrön Energy AB (publ) announced that they will report Q2, 2024 results at 7:30 AM, Central European Standard Time on Aug 08, 2024 New Risk • Feb 12
New major risk - Revenue and earnings growth Earnings have declined by 47% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Recent Insider Transactions • Nov 20
Independent Chairman recently bought kr101k worth of stock On the 15th of November, Grace Skaugen bought around 14k shares on-market at roughly kr7.31 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth kr625k. Grace has been a buyer over the last 12 months, purchasing a net total of kr1.0m worth in shares. Recent Insider Transactions • Nov 10
Chief Executive Officer recently bought kr625k worth of stock On the 8th of November, Daniel Fitzgerald bought around 100k shares on-market at roughly kr6.25 per share. This transaction amounted to 38% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Daniel has been a buyer over the last 12 months, purchasing a net total of kr2.3m worth in shares. Buying Opportunity • Sep 07
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 32%. The fair value is estimated to be kr11.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 68% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 36% in a year. Earnings is forecast to grow by 29% in the next year. Recent Insider Transactions • Sep 01
Chief Executive Officer recently bought kr256k worth of stock On the 30th of August, Daniel Fitzgerald bought around 30k shares on-market at roughly kr8.54 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Daniel has been a buyer over the last 12 months, purchasing a net total of kr1.7m worth in shares. New Risk • Jul 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • May 24
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to kr11.95, the stock trades at a forward P/E ratio of 51x. Average forward P/E is 20x in the Renewable Energy industry in Europe. Total returns to shareholders of 890% over the past three years. Recent Insider Transactions • May 19
Chief Executive Officer recently bought kr410k worth of stock On the 16th of May, Daniel Fitzgerald bought around 40k shares on-market at roughly kr10.26 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Daniel has been a buyer over the last 12 months, purchasing a net total of kr1.4m worth in shares. Recent Insider Transactions • May 19
Chief Executive Officer recently bought kr410k worth of stock On the 16th of May, Daniel Fitzgerald bought around 40k shares on-market at roughly kr10.26 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Daniel has been a buyer over the last 12 months, purchasing a net total of kr1.4m worth in shares. Board Change • May 10
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. Independent Director Jakob Thomasen was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 06
Orrön Energy AB (Publ) Approves Board Appointments Peggy Bruzelius, a non-executive director of International Consolidated Airlines Group, S.A. (IAG), has been appointed, effective 4 May 2023 as a non-executive director of Orrön Energy AB. At the AGM held on 4 May 2023, William Lundin were elected as a new members of the Board of Directors for a period until the end of the 2024 AGM. Recent Insider Transactions • Mar 16
Independent Chairman recently bought kr293k worth of stock On the 7th of March, Grace Skaugen bought around 20k shares on-market at roughly kr14.65 per share. This transaction amounted to 33% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr318k. Grace has been a buyer over the last 12 months, purchasing a net total of kr1.2m worth in shares. Recent Insider Transactions • Mar 10
Independent Chairman recently bought kr293k worth of stock On the 7th of March, Grace Skaugen bought around 20k shares on-market at roughly kr14.65 per share. This transaction amounted to 33% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr318k. Grace has been a buyer over the last 12 months, purchasing a net total of kr1.2m worth in shares. Valuation Update With 7 Day Price Move • Jan 25
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to kr19.03, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 22x in the Renewable Energy industry in Europe. Total returns to shareholders of 1,106% over the past three years. Recent Insider Transactions • Jan 13
Independent Chairman recently bought kr318k worth of stock On the 10th of January, Grace Skaugen bought around 15k shares on-market at roughly kr21.22 per share. This transaction amounted to 33% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Grace has been a buyer over the last 12 months, purchasing a net total of kr1.8m worth in shares. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment deteriorated over the past week After last week's 16% share price decline to kr20.96, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 22x in the Renewable Energy industry in Europe. Total returns to shareholders of 1,215% over the past three years. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improved over the past week After last week's 17% share price gain to kr24.51, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 22x in the Renewable Energy industry in Europe. Total returns to shareholders of 1,442% over the past three years. Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment improved over the past week After last week's 19% share price gain to kr23.60, the stock trades at a trailing P/E ratio of 27.4x. Average forward P/E is 22x in the Renewable Energy industry in Europe. Total returns to shareholders of 1,454% over the past three years. Valuation Update With 7 Day Price Move • Sep 23
Investor sentiment deteriorated over the past week After last week's 17% share price decline to kr18.59, the stock trades at a trailing P/E ratio of 23.2x. Average forward P/E is 22x in the Renewable Energy industry in Europe. Total returns to shareholders of 1,162% over the past three years. Announcement • Sep 22
Orrön Energy AB (publ), Annual General Meeting, May 04, 2023 Orrön Energy AB (publ), Annual General Meeting, May 04, 2023, at 13:00 Central European Standard Time. Agenda: AGM. Valuation Update With 7 Day Price Move • Aug 29
Investor sentiment improved over the past week After last week's 19% share price gain to kr20.83, the stock trades at a trailing P/E ratio of 25.1x. Average forward P/E is 23x in the Renewable Energy industry in Europe. Total returns to shareholders of 1,293% over the past three years. Valuation Update With 7 Day Price Move • Aug 12
Investor sentiment improved over the past week After last week's 39% share price gain to kr20.74, the stock trades at a trailing P/E ratio of 24.3x. Average forward P/E is 24x in the Renewable Energy industry in Europe. Total returns to shareholders of 1,428% over the past three years. Board Change • Jul 31
High number of new directors CEO & Director Daniel Fitzgerald was the last director to join the board, commencing their role in 2022. Upcoming Dividend • Jun 29
Upcoming dividend of US$0.56 per share Eligible shareholders must have bought the stock before 06 July 2022. Payment date: 12 July 2022. The company is not currently making a profit but it is cash flow positive. Trailing yield: 332%. Within top quartile of British dividend payers (5.2%). Higher than average of industry peers (5.0%). Buying Opportunity • Jun 22
Now 23% undervalued Over the last 90 days, the stock is up 5.4%. The fair value is estimated to be kr536, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 71% over the last 3 years. Meanwhile, the company became loss making. Recent Insider Transactions • Jun 06
Director recently sold kr106m worth of stock On the 2nd of June, Lukas Lundin sold around 225k shares on-market at roughly kr469 per share. In the last 3 months, there was an even bigger sale from another insider worth kr123m. Insiders have been net sellers, collectively disposing of kr519m more than they bought in the last 12 months. Recent Insider Transactions • May 25
Non-Executive Director recently sold kr22m worth of stock On the 20th of May, Alexandre Schneiter sold around 50k shares on-market at roughly kr445 per share. In the last 3 months, there was an even bigger sale from another insider worth kr98m. Insiders have been net sellers, collectively disposing of kr248m more than they bought in the last 12 months. Buying Opportunity • May 09
Now 21% undervalued Over the last 90 days, the stock is up 21%. The fair value is estimated to be kr523, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 71% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Apr 27
Full year 2021 earnings released: US$0.057 loss per share (vs US$0.063 loss in FY 2020) Full year 2021 results: US$0.057 loss per share (up from US$0.063 loss in FY 2020). Revenue: US$0 (flat on FY 2020). Net loss: US$16.1m (loss narrowed 10% from FY 2020). Profit margin: (in line with FY 2020). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 5 highly experienced directors. Director Adam Lundin was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Mar 12
Independent Director recently sold kr98m worth of stock On the 9th of March, Charles Ashley Heppenstall sold around 246k shares on-market at roughly kr398 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of kr226m more than they bought in the last 12 months. Recent Insider Transactions • Mar 04
Non-Executive Director recently sold kr35m worth of stock On the 1st of March, Alexandre Schneiter sold around 99k shares on-market at roughly kr356 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of kr128m more than they bought in the last 12 months. Announcement • Mar 01
Lundin Energy AB (publ) to Report Fiscal Year 2022 Results on Jan 31, 2023 Lundin Energy AB (publ) announced that they will report fiscal year 2022 results on Jan 31, 2023 Reported Earnings • Feb 02
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: US$0.057 loss per share (down from US$1.35 profit in FY 2020). Revenue: US$0 (down 100% from FY 2020). Net loss: US$16.1m (down 104% from profit in FY 2020). Profit margin: (down from 15% in FY 2020). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 3.2%. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Feb 01
Now 22% undervalued Over the last 90 days, the stock is up 5.1%. The fair value is estimated to be US$464, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% per annum over the last 3 years. Earnings per share has grown by 44% per annum over the last 3 years. Upcoming Dividend • Dec 28
Upcoming dividend of US$0.45 per share Eligible shareholders must have bought the stock before 04 January 2022. Payment date: 11 January 2022. Payout ratio is on the higher end at 76%, however this is supported by cash flows. Trailing yield: 5.0%. Within top quartile of British dividend payers (4.1%). Higher than average of industry peers (3.8%). Valuation Update With 7 Day Price Move • Dec 07
Investor sentiment improved over the past week After last week's 15% share price gain to kr362, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 7x in the Oil and Gas industry in the United Kingdom. Total returns to shareholders of 73% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr472 per share. Reported Earnings • Oct 30
Third quarter 2021 earnings released: EPS US$0.48 (vs US$0.75 in 3Q 2020) The company reported a decent third quarter result with improved revenues, although earnings and profit margins were weaker. Third quarter 2021 results: Revenue: US$1.48b (up 115% from 3Q 2020). Net income: US$137.5m (down 35% from 3Q 2020). Profit margin: 9.3% (down from 31% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 24
Upcoming dividend of US$0.45 per share Eligible shareholders must have bought the stock before 01 October 2021. Payment date: 07 October 2021. Trailing yield: 5.2%. Within top quartile of British dividend payers (3.9%). Higher than average of industry peers (3.6%). Reported Earnings • Jul 30
Second quarter 2021 earnings released: EPS US$0.58 (vs US$0.63 in 2Q 2020) The company reported a decent second quarter result with improved revenues, although earnings and profit margins were weaker. Second quarter 2021 results: Revenue: US$1.27b (up 216% from 2Q 2020). Net income: US$165.7m (down 7.3% from 2Q 2020). Profit margin: 13% (down from 44% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Jun 26
Director recently sold kr93m worth of stock On the 24th of June, Charles Ashley Heppenstall sold around 300k shares on-market at roughly kr309 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Upcoming Dividend • Jun 24
Upcoming dividend of US$0.45 per share Eligible shareholders must have bought the stock before 01 July 2021. Payment date: 07 July 2021. Trailing yield: 5.0%. Within top quartile of British dividend payers (4.0%). Higher than average of industry peers (3.0%). Reported Earnings • Apr 30
First quarter 2021 earnings released: EPS US$0.24 (vs US$1.09 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$1.11b (up 60% from 1Q 2020). Net income: US$68.9m (up US$379.5m from 1Q 2020). Profit margin: 6.2% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 24
Upcoming dividend of US$0.45 per share Eligible shareholders must have bought the stock before 31 March 2021. Payment date: 08 April 2021. Trailing yield: 5.5%. Within top quartile of British dividend payers (4.4%). Higher than average of industry peers (4.0%). Reported Earnings • Mar 06
Full year 2020 earnings released: EPS US$1.35 (vs US$2.61 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: US$2.56b (up 17% from FY 2019). Net income: US$384.2m (down 53% from FY 2019). Profit margin: 15% (down from 38% in FY 2019). The decrease in margin was driven by higher expenses. Oil sales price Average sales price/bbl: US$39.96 Gas sales price Average sales price/mcf (hedged): US$3.97 Combined production and costs Oil equivalent production: 60.043 MMboe (34.055 MMboe in FY 2019) Average production cost/Boe: US$2.94 (US$4.84/Boe in FY 2019) Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 14% per year.