company background image
TMRP

Tamar Petroleum TASE:TMRP Stock Report

Last Price

₪9.50

Market Cap

₪841.1m

7D

-5.8%

1Y

99.5%

Updated

24 Jun, 2022

Data

Company Financials
TMRP fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance1/6
Financial Health2/6
Dividends3/6

TMRP Stock Overview

Tamar Petroleum Ltd engages in the exploration and production of natural gas in Israel.

Tamar Petroleum Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Tamar Petroleum
Historical stock prices
Current Share Price₪9.50
52 Week High₪10.72
52 Week Low₪4.15
Beta1.36
1 Month Change6.61%
3 Month Change8.57%
1 Year Change99.50%
3 Year Change-12.41%
5 Year Changen/a
Change since IPO-57.95%

Recent News & Updates

Jun 03
Tamar Petroleum's (TLV:TMRP) Soft Earnings Don't Show The Whole Picture

Tamar Petroleum's (TLV:TMRP) Soft Earnings Don't Show The Whole Picture

The market shrugged off the recent earnings report from Tamar Petroleum Ltd ( TLV:TMRP ), despite the profit numbers...

Mar 14
Tamar Petroleum (TLV:TMRP) Might Be Having Difficulty Using Its Capital Effectively

Tamar Petroleum (TLV:TMRP) Might Be Having Difficulty Using Its Capital Effectively

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. In a perfect...

Shareholder Returns

TMRPIL Oil and GasIL Market
7D-5.8%-8.3%4.0%
1Y99.5%41.3%7.1%

Return vs Industry: TMRP exceeded the IL Oil and Gas industry which returned 41.3% over the past year.

Return vs Market: TMRP exceeded the IL Market which returned 7.1% over the past year.

Price Volatility

Is TMRP's price volatile compared to industry and market?
TMRP volatility
TMRP Average Weekly Movement5.8%
Oil and Gas Industry Average Movement6.1%
Market Average Movement5.6%
10% most volatile stocks in IL Market8.8%
10% least volatile stocks in IL Market3.7%

Stable Share Price: TMRP is not significantly more volatile than the rest of IL stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: TMRP's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20158Oiknine Eranhttps://www.tamarpetroleum.co.il

Tamar Petroleum Ltd engages in the exploration and production of natural gas in Israel. It has 16.75% interest rights in the Tamar and Dalit reservoirs located in west of Haifa. The company supplies natural gas to the State of Israel, private electricity producers, industrial customers, and natural gas marketing firms, as well as exports to Jordan, Egypt, Italy, Cyprus, and Greece.

Tamar Petroleum Fundamentals Summary

How do Tamar Petroleum's earnings and revenue compare to its market cap?
TMRP fundamental statistics
Market CapUS$243.57m
Earnings (TTM)US$51.43m
Revenue (TTM)US$222.53m

4.7x

P/E Ratio

1.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TMRP income statement (TTM)
RevenueUS$222.53m
Cost of RevenueUS$25.32m
Gross ProfitUS$197.21m
Other ExpensesUS$145.78m
EarningsUS$51.43m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.58
Gross Margin88.62%
Net Profit Margin23.11%
Debt/Equity Ratio233.9%

How did TMRP perform over the long term?

See historical performance and comparison

Dividends

4.9%

Current Dividend Yield

23%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TMRP?

Other financial metrics that can be useful for relative valuation.

TMRP 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/Revenue4.1x
Enterprise Value/EBITDA6.2x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does TMRP's PE Ratio compare to its peers?

TMRP PE Ratio vs Peers
The above table shows the PE ratio for TMRP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average6x

Price-To-Earnings vs Peers: TMRP is good value based on its Price-To-Earnings Ratio (4.7x) compared to the peer average (6x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: TMRP is good value based on its Price-To-Earnings Ratio (4.7x) compared to the IL Oil and Gas industry average (9x)


Price to Earnings Ratio vs Fair Ratio

What is TMRP's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TMRP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4.7x
Fair PE Ration/a

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


Share Price vs Fair Value

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

Below Fair Value: TMRP (₪9.5) is trading below our estimate of fair value (₪48.89)

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


Price to Earnings Growth Ratio

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


Discover undervalued companies

Future Growth

How is Tamar Petroleum 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


-3.0%

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 Tamar Petroleum 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

  • Examine whether Tamar Petroleum is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.

Past Performance

How has Tamar Petroleum performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-10.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: TMRP has high quality earnings.

Growing Profit Margin: TMRP's current net profit margins (23.1%) are lower than last year (35.2%).


Past Earnings Growth Analysis

Earnings Trend: TMRP's earnings have declined by 10% per year over the past 5 years.

Accelerating Growth: TMRP's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: TMRP had negative earnings growth (-26.5%) over the past year, making it difficult to compare to the Oil and Gas industry average (15.4%).


Return on Equity

High ROE: TMRP's Return on Equity (14.5%) is considered low.


Discover strong past performing companies

Financial Health

How is Tamar Petroleum's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: TMRP's short term assets ($154.4M) exceed its short term liabilities ($124.1M).

Long Term Liabilities: TMRP's short term assets ($154.4M) do not cover its long term liabilities ($805.2M).


Debt to Equity History and Analysis

Debt Level: TMRP's net debt to equity ratio (203.3%) is considered high.

Reducing Debt: Insufficient data to determine if TMRP's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: TMRP's debt is well covered by operating cash flow (20.5%).

Interest Coverage: TMRP's interest payments on its debt are not well covered by EBIT (2.2x coverage).


Balance Sheet


Discover healthy companies

Dividend

What is Tamar Petroleum current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


4.93%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: TMRP's dividend (4.93%) is higher than the bottom 25% of dividend payers in the IL market (2.06%).

High Dividend: TMRP's dividend (4.93%) is low compared to the top 25% of dividend payers in the IL market (6.24%).


Stability and Growth of Payments

Stable Dividend: TMRP has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: TMRP has only been paying a dividend for 4 years, and since then payments have fallen.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (23.3%), TMRP's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (7.2%), TMRP's dividend payments are thoroughly covered by cash flows.


Discover strong dividend paying companies

Management

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

4.8yrs

Average board tenure


CEO

Oiknine Eran

no data

Tenure

Mr. Oiknine Eran is Chief Executive Officer of Tamar Petroleum Ltd from June 2022. Mr. Vaknin is an accountant by training and holds a BA in accounting and economics and an MBA, both from Tel Aviv Universi...


Board Members

Experienced Board: TMRP's board of directors are considered experienced (4.8 years average tenure).


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

Tamar Petroleum Ltd's employee growth, exchange listings and data sources


Key Information

  • Name: Tamar Petroleum Ltd
  • Ticker: TMRP
  • Exchange: TASE
  • Founded: 2015
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Implied Market Cap: ₪841.062m
  • Shares outstanding: 88.50m
  • Website: https://www.tamarpetroleum.co.il

Number of Employees


Location

  • Tamar Petroleum Ltd
  • Galgaeli Haplada 11 Street
  • Herzliya Pituach
  • 4672211
  • Israel

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/24 00:00
End of Day Share Price2022/06/23 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.