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GOIL

Ghana OilGHSE:GOIL Stock Report

Market Cap

GH₵666.2m

7D

0%

1Y

13.3%

Updated

25 Oct, 2021

Data

Company Financials +
GOIL fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance5/6
Financial Health3/6
Dividends0/6

GOIL Overview

GOIL Company Limited markets petroleum and other energy products and services in Ghana.

Ghana Oil Competitors

TotalEnergies

ENXTPA:TTE

€116.0b

Vivo Energy

LSE:VVO

UK£1.4b

Afriquia Gaz

CBSE:GAZ

د.م16.8b

Forza Petroleum

TSX:FORZ

CA$109.9m

Price History & Performance

Summary of all time highs, changes and price drops for Ghana Oil
Historical stock prices
Current Share PriceGH₵1.70
52 Week HighGH₵0
52 Week LowGH₵0
Beta0.22
1 Month Change6.25%
3 Month Change9.68%
1 Year Change13.33%
3 Year Change-48.49%
5 Year Change45.30%
Change since IPO847.52%

Recent News & Updates

Shareholder Returns

GOILGH Oil and GasGH Market
7D0%-2.0%0.1%
1Y13.3%34.0%72.4%

Return vs Industry: GOIL underperformed the GH Oil and Gas industry which returned 32.4% over the past year.

Return vs Market: GOIL underperformed the GH Market which returned 70.8% over the past year.

Price Volatility

Is GOIL's price volatile compared to industry and market?
GOIL volatility
GOIL Beta0.22
Industry Beta0.54
Market Beta1

Stable Share Price: GOIL is not significantly more volatile than the rest of GH stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: GOIL's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1960n/aKwame Osei-Prempehhttps://www.goil.com.gh

GOIL Company Limited markets petroleum and other energy products and services in Ghana. It offers jet fuels, fuels, liquefied petroleum gas, lubricants, bitumen, and specialty products; and supplies marine gas oil to ocean-going vessels. The company also markets premix fuel and kerosene to rural areas; and provides fuel cards.

Ghana Oil Fundamentals Summary

How do Ghana Oil's earnings and revenue compare to its market cap?
GOIL fundamental statistics
Market CapGH₵666.17m
Earnings (TTM)GH₵116.18m
Revenue (TTM)GH₵5.64b

5.7x

P/E Ratio

0.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GOIL income statement (TTM)
RevenueGH₵5.64b
Cost of RevenueGH₵5.22b
Gross ProfitGH₵415.39m
ExpensesGH₵299.21m
EarningsGH₵116.18m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.30
Gross Margin7.36%
Net Profit Margin2.06%
Debt/Equity Ratio57.9%

How did GOIL perform over the long term?

See historical performance and comparison

Dividends

2.6%

Current Dividend Yield

15%

Payout Ratio

Valuation

Is Ghana 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: GOIL (GHS1.7) is trading below our estimate of fair value (GHS6.92)

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


Price To Earnings Ratio

PE vs Industry: GOIL is good value based on its PE Ratio (5.7x) compared to the African Oil and Gas industry average (7.2x).

PE vs Market: GOIL is poor value based on its PE Ratio (5.7x) compared to the GH market (5.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate GOIL's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: GOIL's PB Ratio (1x) is in line with the XF Oil and Gas industry average.


Future Growth

How is Ghana Oil forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

10.6%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if GOIL's forecast earnings growth is above the savings rate (9.1%).

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

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

Revenue vs Market: GOIL's revenue (10.6% per year) is forecast to grow slower than the GH market (15.8% per year).

High Growth Revenue: GOIL's revenue (10.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if GOIL's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Ghana Oil performed over the past 5 years?

13.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GOIL has high quality earnings.

Growing Profit Margin: GOIL's current net profit margins (2.1%) are higher than last year (1.3%).


Past Earnings Growth Analysis

Earnings Trend: GOIL's earnings have grown by 13.9% per year over the past 5 years.

Accelerating Growth: GOIL's earnings growth over the past year (54.3%) exceeds its 5-year average (13.9% per year).

Earnings vs Industry: GOIL earnings growth over the past year (54.3%) exceeded the Oil and Gas industry 50.7%.


Return on Equity

High ROE: GOIL's Return on Equity (17.6%) is considered low.


Financial Health

How is Ghana Oil's financial position?


Financial Position Analysis

Short Term Liabilities: GOIL's short term assets (GHS1.3B) do not cover its short term liabilities (GHS1.6B).

Long Term Liabilities: GOIL's short term assets (GHS1.3B) exceed its long term liabilities (GHS180.6M).


Debt to Equity History and Analysis

Debt Level: GOIL's debt to equity ratio (57.9%) is considered high.

Reducing Debt: GOIL's debt to equity ratio has increased from 56.5% to 57.9% over the past 5 years.

Debt Coverage: GOIL's debt is well covered by operating cash flow (105.3%).

Interest Coverage: GOIL's interest payments on its debt are well covered by EBIT (5.7x coverage).


Balance Sheet


Dividend

What is Ghana Oil current dividend yield, its reliability and sustainability?

2.65%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: GOIL's dividend (2.65%) isn’t notable compared to the bottom 25% of dividend payers in the GH market (4.7%).

High Dividend: GOIL's dividend (2.65%) is low compared to the top 25% of dividend payers in the GH market (8.17%).


Stability and Growth of Payments

Stable Dividend: GOIL is not paying a notable dividend for the GH market, therefore no need to check if payments are stable.

Growing Dividend: GOIL is not paying a notable dividend for the GH market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: GOIL is not paying a notable dividend for the GH market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of GOIL's dividend in 3 years as they are not forecast to pay a notable one for the GH market.


Next Steps

Management

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

2.3yrs

Average management tenure


CEO

Kwame Osei-Prempeh (64 yo)

1.92yrs

Tenure

Hon. Kwame Osei-Prempeh has been a Director of Ghana Oil Company Ltd since May 18, 2017 and also serves as Group CEO and Managing Director since November 29, 2019. Hon. Osei-Prempeh served as Acting Managi...


Leadership Team

Experienced Management: GOIL's management team is considered experienced (2.3 years average tenure).


Board Members

Experienced Board: GOIL's board of directors are not considered experienced ( 0.7 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: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

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


Top Shareholders

Company Information

Ghana Oil Company Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Ghana Oil Company Limited
  • Ticker: GOIL
  • Exchange: GHSE
  • Founded: 1960
  • Industry: Oil and Gas Storage and Transportation
  • Sector: Energy
  • Market Cap: GH₵666.167m
  • Shares outstanding: 391.86m
  • Website: https://www.goil.com.gh

Location

  • Ghana Oil Company Limited
  • House No. D659/4
  • Jct of Kojo Thompson & Adjabeng Rds
  • Accra
  • Ghana

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 21:40
End of Day Share Price2021/10/25 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.