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 and overvalued.

Risks

  • PetroNeft Resources has significant price volatility in the past 3 months.
  • PetroNeft Resources is covered by less than 3 analysts.

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

-30.0%

ISE:P8ET

1.0%

IE Oil and Gas

-0.4%

IE Market


1 Year Return

-56.3%

ISE:P8ET

-7.5%

IE Oil and Gas

-17.9%

IE Market

P8ET underperformed the Oil and Gas industry which returned -7.5% over the past year.

P8ET underperformed the Market in Ireland which returned -17.9% over the past year.


Share holder returns

P8ETIndustryMarket
7 Day-30.0%1.0%-0.4%
30 Day-33.3%-6.9%-10.7%
90 Day-53.3%-6.1%-7.8%
1 Year-56.3%-56.3%-2.4%-7.5%-16.2%-17.9%
3 Year-73.1%-73.1%40.3%20.6%4.0%-1.0%
5 Year-91.3%-91.3%29.0%0.5%55.1%42.6%

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 based on future cash flows and its price relative to the stock market?

0.19x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for PetroNeft Resources to establish if it is available at moderate discount.

Unable to calculate intrinsic value for PetroNeft Resources to establish if it is available at substantial discount.


Price Based on Earnings

PetroNeft Resources is loss making, we can't compare its value to the Europe Oil and Gas industry average.

PetroNeft Resources is loss making, we can't compare the value of its earnings to the Ireland market.


Price Based on Expected Growth

Unable to calculate PEG ratio for PetroNeft Resources, we can't assess if its growth is good value.


Price Based on Value of Assets

PetroNeft Resources is good value based on assets compared to the Europe Oil and Gas industry average.


Next Steps

Future Growth

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

138.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

PetroNeft Resources's revenue is expected to grow by 16.2% yearly, however this is not considered high growth (20% yearly).

PetroNeft Resources is not considered high growth as it is expected to be loss making for the next 1-3 years.

PetroNeft Resources's revenue growth is expected to exceed the Ireland market average.

Unable to compare PetroNeft Resources's earnings growth to the Ireland market average as it is expected to be loss making during the next 1-3 years.

Unable to compare PetroNeft Resources's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if PetroNeft Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has PetroNeft Resources performed over the past 5 years?

8.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

PetroNeft Resources does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.

Unable to compare PetroNeft Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare PetroNeft Resources's 1-year growth to the Europe Oil and Gas industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if PetroNeft Resources has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if PetroNeft Resources has efficiently used its assets last year compared to the Europe Oil and Gas industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if PetroNeft Resources improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is PetroNeft Resources's financial position?


Financial Position Analysis

PetroNeft Resources's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

PetroNeft Resources's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

PetroNeft Resources's level of debt (7.2%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (34.8% vs 7.2% today).


Balance Sheet

Low level of unsold assets.

Debt is not covered by short term assets, assets are 0.5x 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.

PetroNeft Resources has less than a year of cash runway based on current free cash flow.

PetroNeft Resources has less than a year of cash runway if free cash flow continues to reduce at historical rates of -56.4% each year.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate PetroNeft Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate PetroNeft Resources's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as PetroNeft Resources has not reported any payouts.

Unable to verify if PetroNeft Resources's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as PetroNeft Resources has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

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

4.0yrs

Average management tenure


CEO

David Sturt (57yo)

0.4yrs

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

4.0yrs

Average Tenure

59.5yo

Average Age

The tenure for the PetroNeft Resources management team is about average.


Board Age and Tenure

3.3yrs

Average Tenure

57yo

Average Age

The tenure for the PetroNeft Resources board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Paul Dowling (47yo)

    Executive Officer

    • Tenure: 0.6yrs
  • Karl Johnson (62yo)

    VP of Business Development & Operations and Secretary

    • Tenure: 9.6yrs
  • Yuriy Chimur

    Head of Field Production

    • Tenure: 0.0yrs
  • Nikolay Karapuzov (74yo)

    Chief Geologist & Geophysicist of Stimul-T

    • Tenure: 0.0yrs
  • Dmitry Shelkovnikov

    Chief Engineer

    • Tenure: 7.4yrs
  • David Sturt (57yo)

    CEO & Director

    • Tenure: 0.4yrs
    • Compensation: US$11.75k

Board Members

  • G. Golder (71yo)

    Non-Executive Chairman

    • Tenure: 14.6yrs
    • Compensation: US$17.82k
  • Anthony Sacca (47yo)

    Independent Non-Executive Director

    • Tenure: 3.3yrs
    • Compensation: US$11.75k
  • Tom Hickey (50yo)

    Independent Non-Executive Director

    • Tenure: 14.6yrs
    • Compensation: US$11.75k
  • Maxim Korobov (62yo)

    Non-Executive Director

    • Tenure: 3.3yrs
    • Compensation: US$11.75k
  • David Sturt (57yo)

    CEO & Director

    • Tenure: 0.4yrs
    • 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: €5.048m
  • 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 Analysis2019/08/25 21:03
End of Day Share Price2019/08/22 00:00
Earnings2018/12/31
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.