company background image
P8ET

PetroNeft Resources ISE:P8ET Stock Report

Last Price

€0.011

Market Cap

€11.3m

7D

5.0%

1Y

-78.1%

Updated

14 Aug, 2022

Data

Company Financials
P8ET fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health1/6
Dividends0/6

P8ET Stock Overview

PetroNeft Resources plc, together with its subsidiaries, engages in the exploration, development, and production of oil and gas properties in Russia.

PetroNeft Resources Competitors

Price History & Performance

Summary of all time highs, changes and price drops for PetroNeft Resources
Historical stock prices
Current Share Price€0.011
52 Week High€0.055
52 Week Low€0.01
Beta-0.63
1 Month Change-19.23%
3 Month Change-46.15%
1 Year Change-78.13%
3 Year Change5.00%
5 Year Change-47.50%
Change since IPO-96.82%

Recent News & Updates

Dec 11
It Looks Like Shareholders Would Probably Approve PetroNeft Resources plc's (ISE:P8ET) CEO Compensation Package

It Looks Like Shareholders Would Probably Approve PetroNeft Resources plc's (ISE:P8ET) CEO Compensation Package

We have been pretty impressed with the performance at PetroNeft Resources plc ( ISE:P8ET ) recently and CEO David Sturt...

Shareholder Returns

P8ETIE Oil and GasIE Market
7D5.0%1.6%1.0%
1Y-78.1%2.4%-18.3%

Return vs Industry: P8ET underperformed the Irish Oil and Gas industry which returned 2.4% over the past year.

Return vs Market: P8ET underperformed the Irish Market which returned -18.3% over the past year.

Price Volatility

Is P8ET's price volatile compared to industry and market?
P8ET volatility
P8ET Average Weekly Movementn/a
Oil and Gas Industry Average Movement7.4%
Market Average Movement5.6%
10% most volatile stocks in IE Market9.3%
10% least volatile stocks in IE Market3.9%

Stable Share Price: Insufficient data to determine P8ET's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine P8ET's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
200332David Sturthttps://www.petroneft.com

PetroNeft Resources plc, together with its subsidiaries, engages in the exploration, development, and production of oil and gas properties in Russia. The company primarily holds 50% operating interest in Licence 61 that covers 4,991 square kilometers in the Tomsk Oblast; and 90% operating interest in Licence 67 covering 2,447 square kilometers located in the Tomsk Oblast. It also owns construction projects, such as well pads and on-site accommodation.

PetroNeft Resources Fundamentals Summary

How do PetroNeft Resources's earnings and revenue compare to its market cap?
P8ET fundamental statistics
Market CapUS$11.54m
Earnings (TTM)-US$4.03m
Revenue (TTM)US$3.17m

3.6x

P/S Ratio

-2.9x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
P8ET income statement (TTM)
RevenueUS$3.17m
Cost of RevenueUS$2.46m
Gross ProfitUS$709.08k
Other ExpensesUS$4.74m
Earnings-US$4.03m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0038
Gross Margin22.35%
Net Profit Margin-127.17%
Debt/Equity Ratio25.5%

How did P8ET perform over the long term?

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

Valuation

Is P8ET undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • 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 P8ET?

Other financial metrics that can be useful for relative valuation.

P8ET 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/Revenue5.6x
Enterprise Value/EBITDA-47.4x
PEG Ration/a

Price to Sales Ratio vs Peers

How does P8ET's PS Ratio compare to its peers?

P8ET PS Ratio vs Peers
The above table shows the PS ratio for P8ET vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average5.6x
AJQ Armour Energy
0.9xn/aAU$15.8m
BLOE Block Energy
2xn/aUK£9.9m
GULT.U Gulf Coast Ultra Deep Royalty Trust
6.4xn/aUS$10.8m
LIO Lion Energy
13.2xn/aAU$17.5m
P8ET PetroNeft Resources
3.6xn/a€11.3m

Price-To-Sales vs Peers: P8ET is good value based on its Price-To-Sales Ratio (3.6x) compared to the peer average (5.6x).


Price to Earnings Ratio vs Industry

How does P8ET's PE Ratio compare vs other companies in the European Oil and Gas Industry?

Price-To-Sales vs Industry: P8ET is expensive based on its Price-To-Sales Ratio (3.6x) compared to the European Oil and Gas industry average (1.4x)


Price to Sales Ratio vs Fair Ratio

What is P8ET'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.

P8ET PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio3.6x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate P8ET's Price-To-Sales Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of P8ET when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate P8ET's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate P8ET's fair value for valuation analysis.


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.


Discover undervalued companies

Future Growth

How is PetroNeft Resources forecast to perform in the next 1 to 3 years based on estimates from 0 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


-8.9%

Forecasted Energy industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as PetroNeft Resources has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

  • Take a look at our analysis of P8ET’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • PetroNeft Resources competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has PetroNeft Resources 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


40.3%

Last years earnings growth

Earnings and Revenue History

Quality Earnings: P8ET is currently unprofitable.

Growing Profit Margin: P8ET is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if P8ET's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Unable to compare P8ET's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: P8ET is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (119.5%).


Return on Equity

High ROE: P8ET has a negative Return on Equity (-13.52%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is PetroNeft Resources's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: P8ET's short term assets ($3.8M) do not cover its short term liabilities ($6.1M).

Long Term Liabilities: P8ET's short term assets ($3.8M) do not cover its long term liabilities ($9.9M).


Debt to Equity History and Analysis

Debt Level: P8ET's net debt to equity ratio (21.7%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if P8ET's debt to equity ratio has reduced 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: Insufficient data to determine if P8ET has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if P8ET has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Discover healthy companies

Dividend

What is PetroNeft Resources's 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

Dividend Yield vs Market

Notable Dividend: Unable to evaluate P8ET's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate P8ET'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 P8ET's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if P8ET's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as P8ET has not reported any payouts.


Discover strong dividend paying companies

Management

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

2.4yrs

Average management tenure


CEO

David Sturt (60 yo)

3.42yrs

Tenure

US$458,817

Compensation

Mr. David Sturt has been the Chief Executive Officer of PetroNeft Resources plc since March 25, 2019. Mr. Sturt has been a Senior Vice President at Azimuth Limited since 2012. Mr. Sturt serves as the Chief...


CEO Compensation Analysis

Compensation vs Market: Insufficient data to establish whether David's total compensation is reasonable compared to companies of similar size in the Irish market.

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


Leadership Team

Experienced Management: P8ET's management team is considered experienced (2.4 years average tenure).


Board Members

Experienced Board: P8ET's board of directors are not considered experienced ( 2.6 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.5%.


Top Shareholders

Company Information

PetroNeft Resources plc's employee growth, exchange listings and data sources


Key Information

  • Name: PetroNeft Resources plc
  • Ticker: P8ET
  • Exchange: ISE
  • Founded: 2003
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Implied Market Cap: €11.254m
  • Shares outstanding: 1.07b
  • Website: https://www.petroneft.com

Number of Employees


Location

  • PetroNeft Resources plc
  • 20 Holles Street
  • Dublin
  • Co. Dublin
  • 2
  • Ireland

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/14 00:00
End of Day Share Price2022/08/12 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.