OB:ATLA NOK

Stock Analysis Report

P/F Atlantic Petroleum

Executive Summary

P/F Atlantic Petroleum, together with its subsidiaries, engages in the exploration, appraisal, development, and production of oil and gas properties in the Faroe Islands, the United Kingdom, Norway, and Ireland.

Snowflake

Fundamentals

Undervalued with mediocre balance sheet.

Share Price & News

How has P/F Atlantic Petroleum's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

ATLA NOK

-2.2%

NO Oil and Gas

0.07%

NO Market


1 Year Return

-5.6%

ATLA NOK

-23.4%

NO Oil and Gas

-8.7%

NO Market

Return vs Industry: ATLA NOK exceeded the Norwegian Oil and Gas industry which returned -23.4% over the past year.

Return vs Market: ATLA NOK exceeded the Norwegian Market which returned -8.7% over the past year.


Shareholder returns

ATLA NOKIndustryMarket
7 Day0%-2.2%0.07%
30 Day0%-6.4%-1.9%
90 Dayn/a2.6%2.1%
1 Year-5.6%-5.6%-19.7%-23.4%-3.9%-8.7%
3 Year-41.2%-41.2%46.9%28.8%40.2%21.9%
5 Year-87.9%-87.9%46.7%16.2%59.2%22.5%

Price Volatility Vs. Market

How volatile is P/F Atlantic Petroleum's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is P/F Atlantic Petroleum undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: ATLA NOK (NOK8.5) is trading below our estimate of fair value (NOK125.34)

Significantly Undervalued: ATLA NOK is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: ATLA NOK is good value based on its PE Ratio (2.6x) compared to the Oil and Gas industry average (22.1x).

PE vs Market: ATLA NOK is good value based on its PE Ratio (2.6x) compared to the Norwegian market (13.3x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ATLA NOK is good value based on its PB Ratio (0.5x) compared to the NO Oil and Gas industry average (1x).


Next Steps

Future Growth

How is P/F Atlantic Petroleum forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

11.7%

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 P/F Atlantic 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.


Next Steps

Past Performance

How has P/F Atlantic Petroleum performed over the past 5 years?

42.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: ATLA NOK has become profitable over the past 5 years, growing earnings by 42.7% per year.

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

Earnings vs Industry: ATLA NOK had negative earnings growth (-92.6%) over the past year, making it difficult to compare to the Oil and Gas industry average (29.3%).


Return on Equity

High ROE: ATLA NOK's Return on Equity (18.5%) is considered low.


Return on Assets

ROA vs Industry: ATLA NOK has a higher Return on Assets than the Oil and Gas industry average last year.


Return on Capital Employed

ROCE Improving: ATLA NOK's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is P/F Atlantic Petroleum's financial position?


Financial Position Analysis

Short Term Liabilities: ATLA NOK's short term assets (DKK37.3M) do not cover its short term liabilities (DKK107.8M)

Long Term Liabilities: ATLA NOK's short term assets (37.3M) exceeds its long term liabilities (15.2M)


Debt to Equity History and Analysis

Debt Level: ATLA NOK's debt to equity ratio (162.8%) is considered high

Reducing Debt: ATLA NOK's debt to equity ratio has increased from 33.2% to 162.8% over the past 5 years.

Debt Coverage: ATLA NOK's debt is well covered by operating cash flow (30.9%).

Interest Coverage: ATLA NOK's interest payments on its debt are well covered by EBIT (4.1x coverage).


Balance Sheet

Inventory Level: ATLA NOK has a low level of unsold assets or inventory.

Debt Coverage by Assets: ATLA NOK's debt is not covered by short term assets (assets are 0.4x debt).


Next Steps

Dividend

What is P/F Atlantic Petroleum's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.6%markettop25%6.2%industryaverage5.9%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

Growing Dividend: Insufficient data to determine if ATLA NOK'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 ATLA NOK's dividend in 3 years as they are not forecast to pay a notable one for the Norwegian market.


Next Steps

Management

What is the CEO of P/F Atlantic Petroleum's salary, the management and board of directors tenure and is there insider trading?

0.3yrs

Average board tenure


CEO

Mark Højgaard 0

0.4yrs

Tenure

0

Mr. Mark T. Højgaard has been Chief Executive Officer of P/F Atlantic Petroleum since May 24, 2019. Mr. Højgaard is licensed as Certified Public Accountant in the Faroe Islands and has experience in auditi ...


Board Age and Tenure

0.3yrs

Average Tenure

Experienced Board: ATLA NOK's board of directors are not considered experienced ( 0.3 years average tenure), which suggests a new board.


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


Management Team

  • Clint Redman

    Head of Corporate Finance

    • Tenure: 2.8yrs
  • Mark Højgaard

    Chief Executive Officer

    • Tenure: 0.4yrs

Board Members

  • Mourits Joensen (45yo)

    Director

    • Tenure: 0.3yrs
    • Compensation: ø1.02m
  • Ben Arabo (46yo)

    Chairman

    • Tenure: 0.3yrs
    • Compensation: ø1.25m
  • Kaj Johannesen

    Deputy Chairman

    • Tenure: 0.3yrs

Company Information

P/F Atlantic Petroleum's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: P/F Atlantic Petroleum
  • Ticker: ATLA NOK
  • Exchange: OB
  • Founded: 1998
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: ø25.700m
  • Listing Market Cap: ø35.191m
  • Shares outstanding: 3.70m
  • Website: https://www.petroleum.fo

Number of Employees


Location

  • P/F Atlantic Petroleum
  • Yviri við Strond 4
  • PO Box 1228
  • Tórshavn
  • The Faroe Islands
  • 110
  • Denmark

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ATLA DKKCPSE (OMX Nordic Exchange Copenhagen)YesOrdinary Shares DKK 100DKDKKMay 2006
ATLA NOKOB (Oslo Bors)YesOrdinary Shares DKK 100NONOKMay 2006
B3WDB (Deutsche Boerse AG)YesOrdinary Shares DKK 100DEEURMay 2006

Biography

P/F Atlantic Petroleum, together with its subsidiaries, engages in the exploration, appraisal, development, and production of oil and gas properties in the Faroe Islands, the United Kingdom, Norway, and Ir ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 21:47
End of Day Share Price2019/10/18 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.