Avance Gas Holding Limited, together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) worldwide.
Undervalued with reasonable growth potential.
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: AVANCE's share price has been volatile over the past 3 months.
7 Day Return
NO Oil and Gas
1 Year Return
NO Oil and Gas
Return vs Industry: AVANCE exceeded the Norwegian Oil and Gas industry which returned -22% over the past year.
Return vs Market: AVANCE exceeded the Norwegian Market which returned -5.6% over the past year.
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
1 week ago | Simply Wall StDo Institutions Own Shares In Avance Gas Holding Ltd (OB:AVANCE)?
1 month ago | Simply Wall StThese 4 Measures Indicate That Avance Gas Holding (OB:AVANCE) Is Using Debt Extensively
1 month ago | Simply Wall StHow Do Avance Gas Holding Ltd’s (OB:AVANCE) Returns Compare To Its Industry?
Is Avance Gas Holding undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: AVANCE (NOK38.3) is trading below our estimate of fair value (NOK84.63)
Significantly Below Fair Value: AVANCE is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: AVANCE is good value based on its PE Ratio (15.8x) compared to the Oil and Gas industry average (16.1x).
PE vs Market: AVANCE is poor value based on its PE Ratio (15.8x) compared to the Norwegian market (14.4x).
Price to Earnings Growth Ratio
PEG Ratio: AVANCE is good value based on its PEG Ratio (0.5x)
Price to Book Ratio
PB vs Industry: AVANCE is good value based on its PB Ratio (0.7x) compared to the NO Oil and Gas industry average (0.8x).
How is Avance Gas Holding forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AVANCE's forecast earnings growth (29.7% per year) is above the savings rate (0.7%).
Earnings vs Market: AVANCE's earnings (29.7% per year) are forecast to grow faster than the Norwegian market (18.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: AVANCE's revenue (4.1% per year) is forecast to grow faster than the Norwegian market (3.3% per year).
High Growth Revenue: AVANCE's revenue (4.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AVANCE's Return on Equity is forecast to be low in 3 years time (16.6%).
How has Avance Gas Holding performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AVANCE has high quality earnings.
Growing Profit Margin: AVANCE became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: AVANCE's earnings have declined by -46.4% per year over the past 5 years.
Accelerating Growth: AVANCE has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: AVANCE has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-18%).
Return on Equity
High ROE: AVANCE's Return on Equity (4.4%) is considered low.
How is Avance Gas Holding's financial position?
Financial Position Analysis
Short Term Liabilities: AVANCE's short term assets ($125.2M) exceed its short term liabilities ($54.5M).
Long Term Liabilities: AVANCE's short term assets ($125.2M) do not cover its long term liabilities ($467.5M).
Debt to Equity History and Analysis
Debt Level: AVANCE's debt to equity ratio (138%) is considered high.
Reducing Debt: AVANCE's debt to equity ratio has increased from 37.1% to 138% over the past 5 years.
Debt Coverage: AVANCE's debt is not well covered by operating cash flow (8.6%).
Interest Coverage: AVANCE's interest payments on its debt are not well covered by EBIT (1.6x coverage).
Inventory Level: AVANCE has a high level of physical assets or inventory.
Debt Coverage by Assets: AVANCE's debt is not covered by short term assets (assets are 0.2x debt).
What is Avance Gas Holding's current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate AVANCE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate AVANCE'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 AVANCE's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if AVANCE's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: AVANCE is not paying a notable dividend for the Norwegian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of AVANCE's dividend in 3 years as they are not forecast to pay a notable one for the Norwegian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Ulrik Andersen 0
Mr. Ulrik Uhrenfeldt Andersen serves as Chief Executive Officer at Avance Gas Holding Ltd since August 2019. He served as an Assistant General Manager of Fully-Ref of Maersk Tankers A/S.
|Chief Financial Officer||6.1yrs||no data||0.016% $383.0k|
|Chief Executive Officer||0.5yrs||no data||no data|
|Operations Manager||8.8yrs||no data||no data|
|Secretary||0yrs||no data||no data|
Experienced Management: AVANCE's management team is seasoned and experienced (6.1 years average tenure).
|Independent Director||5.8yrs||no data||0.25% $6.1m|
|Independent Director||9.2yrs||US$10.00k||no data|
|Chairman of the Board||1.6yrs||no data||no data|
Experienced Board: AVANCE's board of directors are considered experienced (5.8 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Avance Gas Holding Ltd's company bio, employee growth, exchange listings and data sources
- Name: Avance Gas Holding Ltd
- Ticker: AVANCE
- Exchange: OB
- Founded: 2007
- Industry: Oil and Gas Storage and Transportation
- Sector: Energy
- Market Cap: kr2.438b
- Shares outstanding: 63.66m
- Website: https://www.avancegas.com
Number of Employees
- Avance Gas Holding Ltd
- Bryggegata 3
- PO Box 1327
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|AVANCE||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|
|AVANCO||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Common Shares||GB||NOK||Oct 2013|
Avance Gas Holding Limited, 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 Gulf/the United States East Coast to destinations in Europe, South America, and Asia. As of August 22, 2019, it operated through a fleet of 14 very large gas carriers. The company was founded in 2007 and is based in Oslo, Norway.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/26 22:55|
|End of Day Share Price||2020/02/26 00:00|
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.