OB:APCL

Stock Analysis Report

African Petroleum

Executive Summary

African Petroleum Corporation Limited, together with its subsidiaries, operates as an independent oil and gas exploration company in West Africa.

Snowflake

Fundamentals

Adequate balance sheet with weak fundamentals.

Risks

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

Share Price & News

How has African Petroleum's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

19.8%

OB:APCL

3.0%

NO Oil and Gas

1.6%

NO Market


1 Year Return

10.1%

OB:APCL

-27.8%

NO Oil and Gas

-14.8%

NO Market

APCL outperformed the Oil and Gas industry which returned -26.5% over the past year.

APCL outperformed the Market in Norway which returned -14% over the past year.


Share holder returns

APCLIndustryMarket
7 Day19.8%3.0%1.6%
30 Day4.0%-8.9%-4.4%
90 Day36.9%-11.8%-5.4%
1 Year10.1%10.1%-24.2%-27.8%-9.9%-14.8%
3 Year-53.3%-53.3%38.2%21.2%38.1%20.0%
5 Year-82.4%-82.4%17.6%-6.8%38.6%6.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is African Petroleum undervalued based on future cash flows and its price relative to the stock market?

3x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for African Petroleum to establish if it is available at moderate discount.

Unable to calculate intrinsic value for African Petroleum to establish if it is available at substantial discount.


Price Based on Earnings

African Petroleum is loss making, we can't compare its value to the NO Oil and Gas industry average.

African Petroleum is loss making, we can't compare the value of its earnings to the Norway market.


Price Based on Expected Growth

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


Price Based on Value of Assets

African Petroleum is overvalued based on assets compared to the NO Oil and Gas industry average.


Next Steps

Future Growth

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

11.9%

Forecasted Energy industry annual growth in earnings


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if African Petroleum is high growth as no revenue estimate data is available.

Unable to determine if African Petroleum is high growth as no earnings estimate data is available.

Unable to compare African Petroleum's revenue growth to the Norway market average as no estimate data is available.

Unable to compare African Petroleum's earnings growth to the Norway market average as no estimate data is available.

Unable to compare African Petroleum's earnings growth to the low risk savings rate as no estimate data is available.


Earnings per Share Growth Estimates


Future Return on Equity

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


Next Steps

Past Performance

How has African Petroleum performed over the past 5 years?

31.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

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

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

Unable to compare African Petroleum's 1-year growth to the NO Oil and Gas industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if African Petroleum 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 African Petroleum has efficiently used its assets last year compared to the NO Oil and Gas industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if African Petroleum 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 African Petroleum's financial position?


Financial Position Analysis

African Petroleum is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

African Petroleum has no long term commitments.


Debt to Equity History and Analysis

African Petroleum has no debt.

African Petroleum currently has no debt however we can't compare to 5 years ago as we have no data for that period.


Balance Sheet

Low level of unsold assets.

African Petroleum has no debt, it does not need to be 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.

African Petroleum has less than a year of cash runway based on current free cash flow.

African Petroleum has less than a year of cash runway if free cash flow continues to reduce at historical rates of -18.6% each year.


Next Steps

Dividend

What is African Petroleum's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

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

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

Unable to perform a dividend volatility check as African Petroleum has not reported any payouts.

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


Current Payout to Shareholders

Unable to calculate sustainability of dividends as African Petroleum has not reported any payouts.


Future Payout to Shareholders

No need to calculate the sustainability of African Petroleum's dividends in 3 years as they are not expected to pay a notable one for Norway.


Next Steps

Management

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

2.0yrs

Average management tenure


CEO

George Pace 0

3.9yrs

Tenure

US$727,884

Compensation

Mr. Jens Pace, also known as George, has been the Chief Executive Officer of African Petroleum Corp Ltd. since September 30, 2015. Mr. Pace served as the Chief Operating Officer of African Petroleum Corp L ...


CEO Compensation Analysis

George's remuneration is higher than average for companies of similar size in Norway.

George's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

2.0yrs

Average Tenure

The tenure for the African Petroleum management team is about average.


Board Age and Tenure

3.8yrs

Average Tenure

The tenure for the African Petroleum board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

SellUS$192,45915 Jan 19
Nordnet AB, Asset Management Arm
EntityCompany
Shares174,962
Max PriceUS$1.10
BuyUS$114,19714 Jan 19
Nordnet AB, Asset Management Arm
EntityCompany
Shares99,302
Max PriceUS$1.15
SellUS$79,92019 Nov 18
Nordnet AB, Asset Management Arm
EntityCompany
Shares111,000
Max PriceUS$0.72
BuyUS$13,76214 Nov 18
Nordnet AB, Asset Management Arm
EntityCompany
Shares19,383
Max PriceUS$0.71
SellUS$25,66314 Nov 18
Nordnet AB, Asset Management Arm
EntityCompany
Shares36,661
Max PriceUS$0.70
BuyUS$75,51506 Nov 18
Nordnet AB, Asset Management Arm
EntityCompany
Shares94,393
Max PriceUS$0.80
SellUS$172,39101 Nov 18
Nordnet AB, Asset Management Arm
EntityCompany
Shares198,150
Max PriceUS$0.87
BuyUS$111,85629 Oct 18
Nordnet AB, Asset Management Arm
EntityCompany
Shares122,919
Max PriceUS$0.91
SellUS$124,85822 Oct 18
Nordnet AB, Asset Management Arm
EntityCompany
Shares124,858
Max PriceUS$1.00
SellUS$98,73517 Oct 18
Nordnet AB, Asset Management Arm
EntityCompany
Shares103,931
Max PriceUS$0.95
BuyUS$42,31316 Oct 18
Nordnet AB, Asset Management Arm
EntityCompany
Shares43,622
Max PriceUS$0.97
SellUS$38,90011 Oct 18
Nordnet AB, Asset Management Arm
EntityCompany
Shares41,383
Max PriceUS$0.94
BuyUS$79,18610 Oct 18
Nordnet AB, Asset Management Arm
EntityCompany
Shares79,986
Max PriceUS$0.99
SellUS$99,00010 Oct 18
Nordnet AB, Asset Management Arm
EntityCompany
Shares100,000
Max PriceUS$0.99
BuyUS$101,71224 Sep 18
Nordnet AB, Asset Management Arm
EntityCompany
Shares83,370
Max PriceUS$1.22
SellUS$169,38617 Sep 18
Nordnet AB, Asset Management Arm
EntityCompany
Shares155,400
Max PriceUS$1.09
BuyUS$60,06017 Sep 18
Nordnet AB, Asset Management Arm
EntityCompany
Shares55,101
Max PriceUS$1.09
SellUS$31,07214 Sep 18
Nordnet AB, Asset Management Arm
EntityCompany
Shares28,770
Max PriceUS$1.08
BuyUS$15,12014 Sep 18
Nordnet AB, Asset Management Arm
EntityCompany
Shares14,000
Max PriceUS$1.08
SellUS$31,86111 Sep 18
Nordnet AB, Asset Management Arm
EntityCompany
Shares29,777
Max PriceUS$1.07
SellUS$210,84431 Aug 18
Nordnet AB, Asset Management Arm
EntityCompany
Shares193,435
Max PriceUS$1.09
BuyUS$25,46429 Aug 18
Nordnet AB, Asset Management Arm
EntityCompany
Shares22,736
Max PriceUS$1.12
SellUS$218,75829 Aug 18
Nordnet AB, Asset Management Arm
EntityCompany
Shares195,320
Max PriceUS$1.12
BuyUS$209,85328 Aug 18
Nordnet AB, Asset Management Arm
EntityCompany
Shares189,057
Max PriceUS$1.11
SellUS$105,33828 Aug 18
Nordnet AB, Asset Management Arm
EntityCompany
Shares94,899
Max PriceUS$1.11

Ownership Breakdown


Management Team

  • Angeline Hicks

    Company Secretary

    • Tenure: 5.2yrs
    • Compensation: US$17.72k
  • Stephen West

    CFO & Executive Director

    • Tenure: 3.8yrs
    • Compensation: US$607.75k
  • Michael Barrett

    Exploration Director

    • Tenure: 0.0yrs
    • Compensation: US$538.69k
  • George Pace

    CEO & Executive Director

    • Tenure: 3.9yrs
    • Compensation: US$727.88k
  • Chris Butler

    Group Financial Controller

    • Tenure: 0.0yrs
    • Compensation: US$229.36k
  • Claus Frimann-Dahl

    Chief Technical Officer

    • Tenure: 0.3yrs
  • Eyas Alhomouz

    Non-Executive Chairman

    • Tenure: 0.3yrs
  • Knut Søvold

    COO & Executive Director

    • Tenure: 0.3yrs

Board Members

  • Dave King (72yo)

    Director

    • Tenure: 6.1yrs
    • Compensation: US$96.67k
  • Tim Turner

    Non-Executive Director

    • Tenure: 9.2yrs
    • Compensation: US$42.83k
  • Stephen West

    CFO & Executive Director

    • Tenure: 3.8yrs
    • Compensation: US$607.75k
  • George Pace

    CEO & Executive Director

    • Tenure: 3.9yrs
    • Compensation: US$727.88k
  • Anders Moe

    Independent Non-Executive Director

    • Tenure: 5.2yrs
    • Compensation: US$40.04k
  • Eyas Alhomouz

    Non-Executive Chairman

    • Tenure: 0.3yrs
  • Knut Søvold

    COO & Executive Director

    • Tenure: 0.3yrs
  • Joseph Iskander

    Non-Executive Director

    • Tenure: 0.3yrs

Company Information

African Petroleum Corporation Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: African Petroleum Corporation Limited
  • Ticker: APCL
  • Exchange: OB
  • Founded:
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: kr188.114m
  • Shares outstanding: 155.47m
  • Website: https://www.africanpetroleum.com.au

Number of Employees


Location

  • African Petroleum Corporation Limited
  • 48 Dover Street
  • London
  • Greater London
  • W1S 4FF
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
APCLOB (Oslo Bors)YesOrdinary SharesNONOKMay 2014
0QWDLSE (London Stock Exchange)YesOrdinary SharesGBNOKMay 2014
APCLOBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBNOKMay 2014

Biography

African Petroleum Corporation Limited, together with its subsidiaries, operates as an independent oil and gas exploration company in West Africa. The company has approximately 13,400 square kilometers of 3 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/23 21:53
End of Day Share Price2019/08/23 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.