ISE:PZQA

Stock Analysis Report

Providence Resources

Executive Summary

Providence Resources P.l.c. operates as an oil and gas exploration company in the Republic of Ireland.

Snowflake

Fundamentals

Mediocre balance sheet and overvalued.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: PZQA's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-10.0%

PZQA

-0.9%

IE Oil and Gas

1.6%

IE Market


1 Year Return

-78.4%

PZQA

6.0%

IE Oil and Gas

12.7%

IE Market

Return vs Industry: PZQA underperformed the Irish Oil and Gas industry which returned 6% over the past year.

Return vs Market: PZQA underperformed the Irish Market which returned 12.7% over the past year.


Shareholder returns

PZQAIndustryMarket
7 Day-10.0%-0.9%1.6%
30 Day-16.0%5.1%6.0%
90 Day-59.4%11.8%20.3%
1 Year-78.4%-78.4%12.2%6.0%15.0%12.7%
3 Year-68.5%-68.5%54.1%31.9%24.6%18.7%
5 Year-97.3%-97.3%52.7%18.4%81.3%65.7%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

0.29x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate PZQA's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate PZQA's fair value to establish if it is undervalued.


Price To Earnings Ratio

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

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: PZQA is good value based on its PB Ratio (0.3x) compared to the XE Oil and Gas industry average (1x).


Next Steps

Future Growth

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

7.4%

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 Providence 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.


Next Steps

Past Performance

How has Providence Resources performed over the past 5 years?

3.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PZQA has high quality earnings.

Growing Profit Margin: Insufficient data to determine if PZQA's profit margins have improved over the past year.


Past Earnings Growth Analysis

Earnings Trend: PZQA is unprofitable, but has reduced losses over the past 5 years at a rate of 3.2% per year.

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

Earnings vs Industry: PZQA is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-1.7%).


Return on Equity

High ROE: PZQA has a negative Return on Equity (-10.36%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Providence Resources's financial position?


Financial Position Analysis

Short Term Liabilities: PZQA's short term assets (€2.4M) exceeds its short term liabilities (€1.3M)

Long Term Liabilities: PZQA's short term assets (2.4M) do not cover its long term liabilities (7.7M)


Debt to Equity History and Analysis

Debt Level: PZQA is debt free.

Reducing Debt: PZQA has no debt compared to 5 years ago when its debt to equity ratio was 25%.


Balance Sheet

Inventory Level: PZQA has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if PZQA's debt is covered by short term assets.


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

Forecast Cash Runway: PZQA has less than a year of cash runway if free cash flow continues to grow at historical rates of 16.5% each year.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.3%markettop25%4.2%industryaverage5.7%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if PZQA's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PZQA'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 PZQA'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 Providence Resources's salary, the management and board of directors tenure and is there insider trading?

3.1yrs

Average board tenure


CEO

Tony O’Reilly (52yo)

14.2yrs

Tenure

€470,000

Compensation

Mr. Anthony O’Reilly, also known as Tony, Jr., BA, has been Chief Executive Officer at Providence Resources Plc since September 1, 2005. Mr. O'Reilly joined Wedgwood as Deputy Chief Executive in 2001. He i ...


CEO Compensation Analysis

Compensation vs Market: Tony's total compensation ($USD519.22K) is about average for companies of similar size in the Irish market ($USD519.22K).

Compensation vs Earnings: Tony's compensation has been consistent with company performance over the past year.


Board Age and Tenure

3.1yrs

Average Tenure

57yo

Average Age

Experienced Board: PZQA's board of directors are considered experienced (3.1 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

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


Management Team

  • Tony O’Reilly (52yo)

    CEO & Director

    • Tenure: 14.2yrs
    • Compensation: €470.00k
  • Fergus Roe

    Operations Manager

    • Tenure: 0yrs
  • Simon Brett

    CFO & Company Secretary

    • Tenure: 7.5yrs
  • Fergal Murphy

    Geophysical Consultant

    • Tenure: 0yrs

Board Members

  • Pat Plunkett (68yo)

    Non-Executive Chairman

    • Tenure: 3.1yrs
    • Compensation: €100.00k
  • Tony O’Reilly (52yo)

    CEO & Director

    • Tenure: 14.2yrs
    • Compensation: €470.00k
  • Angus McCoss (57yo)

    Senior Independent Director

    • Tenure: 1.1yrs
    • Compensation: €45.00k

Company Information

Providence Resources P.l.c.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Providence Resources P.l.c.
  • Ticker: PZQA
  • Exchange: ISE
  • Founded: 1981
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: €22.592m
  • Shares outstanding: 597.66m
  • Website: https://www.providenceresources.com

Number of Employees


Location

  • Providence Resources P.l.c.
  • Airfield House
  • Airfield Park
  • Dublin
  • Co. Dublin
  • D04 CP49
  • Ireland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PVRAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPSep 1997
PVDR.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDSep 1997
PZQAISE (Irish Stock Exchange)YesOrdinary SharesIEEURSep 1997
PZQADB (Deutsche Boerse AG)YesOrdinary SharesDEEURSep 1997

Biography

Providence Resources P.l.c. operates as an oil and gas exploration company in the Republic of Ireland. Its exploration assets are located in the basins of Celtic Sea, Kish Bank, Northern Porcupine, Souther ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/16 21:05
End of Day Share Price2019/11/14 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.