ISE:P8ET

Stock Analysis Report

PetroNeft Resources

Executive Summary

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

Snowflake

Fundamentals

Imperfect balance sheet with limited growth.

Share Price & News

How has PetroNeft Resources's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

14.3%

P8ET

1.2%

IE Oil and Gas

4.9%

IE Market


1 Year Return

-46.7%

P8ET

-3.1%

IE Oil and Gas

3.9%

IE Market

Return vs Industry: P8ET underperformed the Irish Oil and Gas industry which returned -3.1% over the past year.

Return vs Market: P8ET underperformed the Irish Market which returned 3.9% over the past year.


Shareholder returns

P8ETIndustryMarket
7 Day14.3%1.2%4.9%
30 Day300.0%-1.3%6.9%
90 Day-50.0%-1.0%3.3%
1 Year-46.7%-46.7%2.5%-3.1%6.2%3.9%
3 Year-73.3%-73.3%44.4%23.5%18.7%13.0%
5 Year-90.6%-90.6%50.8%16.9%76.6%61.6%

Price Volatility Vs. Market

How volatile is PetroNeft Resources's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is PetroNeft Resources undervalued compared to its fair value and its price relative to the market?

0.2x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate P8ET's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate P8ET's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: P8ET is unprofitable, so we can't compare its PE Ratio to the Oil and Gas industry average.

PE vs Market: P8ET is unprofitable, so we can't compare its PE Ratio to the Irish market.


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate P8ET's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: P8ET is good value based on its PB Ratio (0.2x) compared to the XE Oil and Gas industry average (0.9x).


Next Steps

Future Growth

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

159.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: P8ET is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: P8ET is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: P8ET is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: P8ET's revenue (26.2% per year) is forecast to grow faster than the Irish market (4.2% per year).

High Growth Revenue: P8ET's revenue (26.2% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if P8ET's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has PetroNeft Resources performed over the past 5 years?

2.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: P8ET is unprofitable, but has reduced losses over the past 5 years at a rate of 2.8% per year.

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 (10%).


Return on Equity

High ROE: P8ET has a negative Return on Equity (-26.24%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: P8ET is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: P8ET is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is PetroNeft Resources's financial position?


Financial Position Analysis

Short Term Liabilities: P8ET's short term assets ($928.8K) do not cover its short term liabilities ($4.4M)

Long Term Liabilities: P8ET's short term assets (928.8K) do not cover its long term liabilities (3.8M)


Debt to Equity History and Analysis

Debt Level: P8ET's debt to equity ratio (8.6%) is considered satisfactory

Reducing Debt: P8ET's debt to equity ratio has reduced from 32.9% to 8.6% over the past 5 years.


Balance Sheet

Inventory Level: P8ET has a low level of unsold assets or inventory.

Debt Coverage by Assets: P8ET's debt is not covered by short term assets (assets are 0.3x debt).


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: P8ET has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: P8ET has less than a year of cash runway if free cash flow continues to grow at historical rates of 36.7% each year.


Next Steps

Dividend

What is PetroNeft Resources's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.3%markettop25%3.9%industryaverage6.0%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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.


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of P8ET's dividend in 3 years as they are not forecast to pay a notable one for the Irish market.


Next Steps

Management

What is the CEO of PetroNeft Resources's salary, the management and board of directors tenure and is there insider trading?

4.2yrs

Average management tenure


CEO

David Sturt (57yo)

0.6yrs

Tenure

US$11,751

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 of Azimuth Limited since 2012. Mr. Sturt is a founding share ...


Management Age and Tenure

4.2yrs

Average Tenure

59.5yo

Average Age

Experienced Management: P8ET's management team is considered experienced (4.2 years average tenure).


Board Age and Tenure

3.5yrs

Average Tenure

57yo

Average Age

Experienced Board: P8ET's board of directors are considered experienced (3.5 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Paul Dowling (47yo)

    Executive Officer

    • Tenure: 0.8yrs
  • Karl Johnson (62yo)

    VP of Business Development & Operations and Secretary

    • Tenure: 9.8yrs
  • Yuriy Chimur

    Head of Field Production

    • Tenure: 0yrs
  • Nikolay Karapuzov (74yo)

    Chief Geologist & Geophysicist of Stimul-T

    • Tenure: 0yrs
  • Dmitry Shelkovnikov

    Chief Engineer

    • Tenure: 7.6yrs
  • David Sturt (57yo)

    CEO & Director

    • Tenure: 0.6yrs
    • Compensation: US$11.75k

Board Members

  • G. Golder (71yo)

    Non-Executive Chairman

    • Tenure: 14.8yrs
    • Compensation: US$17.82k
  • Anthony Sacca (47yo)

    Independent Non-Executive Director

    • Tenure: 3.5yrs
    • Compensation: US$11.75k
  • Tom Hickey (50yo)

    Independent Non-Executive Director

    • Tenure: 14.8yrs
    • Compensation: US$11.75k
  • Maxim Korobov (62yo)

    Non-Executive Director

    • Tenure: 3.5yrs
    • Compensation: US$11.75k
  • David Sturt (57yo)

    CEO & Director

    • Tenure: 0.6yrs
    • Compensation: US$11.75k

Company Information

PetroNeft Resources plc's company bio, 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
  • Market Cap: €5.769m
  • Shares outstanding: 721.13m
  • Website: https://www.petroneft.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PTRAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPSep 2006
P8ETISE (Irish Stock Exchange)YesOrdinary SharesIEEURSep 2006
PNFT.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDSep 2006
P8ETDB (Deutsche Boerse AG)YesOrdinary SharesDEEURSep 2006

Biography

PetroNeft Resources plc, together with its subsidiaries, engages in the exploration, development, and production of oil and gas properties in Russia. The company’s primary assets are a 50% operating intere ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/17 20:48
End of Day Share Price2019/10/17 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.