Executive Summary
Avance Gas Holding Ltd, together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) worldwide. More Details
Rewards
Risk Analysis
Snowflake Analysis
Average dividend payer and fair value.
Similar Companies
Share Price & News
How has Avance Gas Holding's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AGAS is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: AGAS's weekly volatility (9%) has been stable over the past year.
Market Performance
7 Day Return
-13.6%
AGAS
-0.3%
NO Oil and Gas
1.6%
NO Market
1 Year Return
-28.5%
AGAS
-10.6%
NO Oil and Gas
2.4%
NO Market
Return vs Industry: AGAS underperformed the Norwegian Oil and Gas industry which returned -10.6% over the past year.
Return vs Market: AGAS underperformed the Norwegian Market which returned 2.4% over the past year.
Shareholder returns
| AGAS | Industry | Market | |
|---|---|---|---|
| 7 Day | -13.6% | -0.3% | 1.6% |
| 30 Day | -9.3% | 14.6% | 7.2% |
| 90 Day | 26.4% | 29.2% | 18.8% |
| 1 Year | -20.2%-28.5% | -6.0%-10.6% | 6.1%2.4% |
| 3 Year | 89.1%69.4% | 3.2%-9.8% | 13.8%0.9% |
| 5 Year | -57.6%-66.2% | 83.2%46.0% | 81.3%46.0% |
Long-Term Price Volatility Vs. Market
How volatile is Avance Gas Holding's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall St
News Flash: Analysts Just Made A Meaningful Upgrade To Their Avance Gas Holding Ltd (OB:AGAS) Forecasts4 days ago | Simply Wall St
Have Insiders Been Buying Avance Gas Holding Ltd (OB:AGAS) Shares?2 weeks ago | Simply Wall St
Avance Gas Holding Ltd's (OB:AGAS) Business And Shares Still Trailing The MarketValuation
Is Avance Gas Holding undervalued compared to its fair value and its price relative to the market?
4.65x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: AGAS (NOK37.16) is trading above our estimate of fair value (NOK17.08)
Significantly Below Fair Value: AGAS is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: AGAS is good value based on its PE Ratio (4.7x) compared to the NO Oil and Gas industry average (6.3x).
PE vs Market: AGAS is good value based on its PE Ratio (4.7x) compared to the Norwegian market (15.9x).
Price to Earnings Growth Ratio
PEG Ratio: AGAS is good value based on its PEG Ratio (0.2x)
Price to Book Ratio
PB vs Industry: AGAS's PB Ratio (0.7x) is in line with the NO Oil and Gas industry average.
Next Steps
Future Growth
How is Avance Gas Holding forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
20.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AGAS's forecast earnings growth (20.7% per year) is above the savings rate (1.4%).
Earnings vs Market: AGAS's earnings (20.7% per year) are forecast to grow slower than the Norwegian market (33.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: AGAS's revenue (1.7% per year) is forecast to grow slower than the Norwegian market (6.6% per year).
High Growth Revenue: AGAS's revenue (1.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AGAS's Return on Equity is forecast to be low in 3 years time (14.2%).
Next Steps
Past Performance
How has Avance Gas Holding performed over the past 5 years?
-6.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AGAS has high quality earnings.
Growing Profit Margin: AGAS's current net profit margins (24.8%) are higher than last year (8.3%).
Past Earnings Growth Analysis
Earnings Trend: AGAS's earnings have declined by 6.6% per year over the past 5 years.
Accelerating Growth: AGAS's earnings growth over the past year (262.4%) exceeds its 5-year average (-6.6% per year).
Earnings vs Industry: AGAS earnings growth over the past year (262.4%) underperformed the Oil and Gas industry 263.2%.
Return on Equity
High ROE: AGAS's Return on Equity (15.1%) is considered low.
Next Steps
Financial Health
How is Avance Gas Holding's financial position?
Financial Position Analysis
Short Term Liabilities: AGAS's short term assets ($102.3M) exceed its short term liabilities ($62.8M).
Long Term Liabilities: AGAS's short term assets ($102.3M) do not cover its long term liabilities ($387.8M).
Debt to Equity History and Analysis
Debt Level: AGAS's debt to equity ratio (109.3%) is considered high.
Reducing Debt: AGAS's debt to equity ratio has increased from 100.4% to 109.3% over the past 5 years.
Debt Coverage: AGAS's debt is well covered by operating cash flow (25.8%).
Interest Coverage: AGAS's interest payments on its debt are well covered by EBIT (3.4x coverage).
Balance Sheet
Next Steps
Dividend
What is Avance Gas Holding current dividend yield, its reliability and sustainability?
6.86%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: AGAS's dividend (6.8%) is higher than the bottom 25% of dividend payers in the Norwegian market (2.32%).
High Dividend: AGAS's dividend (6.8%) is in the top 25% of dividend payers in the Norwegian market (5.6%)
Stability and Growth of Payments
Stable Dividend: AGAS has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: AGAS has only been paying a dividend for 7 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (31.9%), AGAS's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: AGAS's dividends in 3 years are forecast to be well covered by earnings (29.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
0.7yrs
Average management tenure
CEO
Avance Gas Holding has no CEO, or we have no data on them.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Financial Officer | 0.33yr | no data | no data | |
| Operations Manager | 9.67yrs | no data | no data | |
| Legal Counsel & Compliance Officer | 1yr | no data | no data | |
| Chief Commercial Officer | 0.33yr | no data | no data | |
| Secretary | no data | no data | no data |
0.7yrs
Average Tenure
Experienced Management: AGAS's management team is not considered experienced ( 0.7 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Director | no data | no data | no data | |
| Independent Director | 6.75yrs | no data | 0.0067% $ 159.8k | |
| Independent Director | 10.08yrs | US$10.00k | no data | |
| Independent Chairman of the Board | 2.5yrs | no data | no data |
6.8yrs
Average Tenure
55.5yo
Average Age
Experienced Board: AGAS's board of directors are considered experienced (6.8 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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Avance Gas Holding Ltd's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Avance Gas Holding Ltd
- Ticker: AGAS
- Exchange: OB
- Founded: 2007
- Industry: Oil and Gas Storage and Transportation
- Sector: Energy
- Market Cap: kr2.367b
- Shares outstanding: 63.69m
- Website: https://www.avancegas.com
Number of Employees
Location
- Avance Gas Holding Ltd
- Par-la-Ville Place
- 14 Par-la-Ville Road
- Hamilton
- HM 08
- Bermuda
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| AGAS | OB (Oslo Bors) | Yes | Common Shares | NO | NOK | Oct 2013 |
| AVAC.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | Oct 2013 |
| 0QTX | LSE (London Stock Exchange) | Yes | Common Shares | GB | NOK | Oct 2013 |
| AGASO | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Common Shares | GB | NOK | Oct 2013 |
Biography
Avance Gas Holding Ltd, together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) worldwide. The company transports LPG from the Middle East Gulf and the United States ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/23 01:07 |
| End of Day Share Price | 2021/01/22 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.