OB:PEN

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Panoro Energy

Executive Summary

Panoro Energy ASA engages in the exploration, development, and production of oil and gas in North and West Africa. More Details


Snowflake Analysis

Exceptional growth potential with adequate balance sheet.

Share Price & News

How has Panoro Energy's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PEN's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-9.0%

PEN

-7.8%

NO Oil and Gas

-6.4%

NO Market


1 Year Return

-63.9%

PEN

-33.4%

NO Oil and Gas

-15.1%

NO Market

Return vs Industry: PEN underperformed the Norwegian Oil and Gas industry which returned -33.4% over the past year.

Return vs Market: PEN underperformed the Norwegian Market which returned -15.1% over the past year.


Shareholder returns

PENIndustryMarket
7 Day-9.0%-7.8%-6.4%
30 Day-11.8%-11.3%-6.3%
90 Day-9.9%-10.8%-2.5%
1 Year-63.9%-63.9%-29.6%-33.4%-12.2%-15.1%
3 Year132.6%132.6%-18.2%-28.0%-4.5%-15.1%
5 Year38.2%38.2%7.3%-15.0%29.9%4.0%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Panoro Energy undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PEN (NOK8.75) is trading below our estimate of fair value (NOK126.89)

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


Price To Earnings Ratio

PE vs Industry: PEN is poor value based on its PE Ratio (29.8x) compared to the NO Oil and Gas industry average (4.1x).

PE vs Market: PEN is poor value based on its PE Ratio (29.8x) compared to the Norwegian market (14.7x).


Price to Earnings Growth Ratio

PEG Ratio: PEN is good value based on its PEG Ratio (0.4x)


Price to Book Ratio

PB vs Industry: PEN is overvalued based on its PB Ratio (0.9x) compared to the NO Oil and Gas industry average (0.5x).


Next Steps

Future Growth

How is Panoro Energy forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

71.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PEN's forecast earnings growth (71% per year) is above the savings rate (1.6%).

Earnings vs Market: PEN's earnings (71% per year) are forecast to grow faster than the Norwegian market (30.9% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: PEN's revenue (26.7% per year) is forecast to grow faster than the Norwegian market (5.4% per year).

High Growth Revenue: PEN's revenue (26.7% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PEN's Return on Equity is forecast to be high in 3 years time (20.5%)


Next Steps

Past Performance

How has Panoro Energy performed over the past 5 years?

44.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PEN has a high level of non-cash earnings.

Growing Profit Margin: PEN's current net profit margins (7%) are lower than last year (22.4%).


Past Earnings Growth Analysis

Earnings Trend: PEN has become profitable over the past 5 years, growing earnings by 44.4% per year.

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

Earnings vs Industry: PEN had negative earnings growth (-49.3%) over the past year, making it difficult to compare to the Oil and Gas industry average (699.5%).


Return on Equity

High ROE: PEN's Return on Equity (2.8%) is considered low.


Next Steps

Financial Health

How is Panoro Energy's financial position?


Financial Position Analysis

Short Term Liabilities: PEN's short term assets ($56.4M) exceed its short term liabilities ($30.3M).

Long Term Liabilities: PEN's short term assets ($56.4M) exceed its long term liabilities ($46.0M).


Debt to Equity History and Analysis

Debt Level: PEN's debt to equity ratio (29.2%) is considered satisfactory.

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

Debt Coverage: PEN's debt is not well covered by operating cash flow (4.7%).

Interest Coverage: PEN's interest payments on its debt are well covered by EBIT (5.6x coverage).


Balance Sheet


Next Steps

Dividend

What is Panoro Energy current dividend yield, its reliability and sustainability?

15.20%

Forecast Dividend Yield


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

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


Next Steps

Management

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

5.4yrs

Average board tenure


CEO

John Hamilton (55 yo)

5.42yrs

Tenure

US$995,000

Compensation

Mr. John Andrew Hamilton, FCCA is Director at Magnora ASA since December 18, 2018. He has been Chief Executive Officer at Panoro Energy ASA since May 13, 2015. Mr. Hamilton has been Senior Advisor of Presi ...


CEO Compensation Analysis

Compensation vs Market: John's total compensation ($USD995.00K) is above average for companies of similar size in the Norwegian market ($USD372.53K).

Compensation vs Earnings: John's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Board Members

NamePositionTenureCompensationOwnership
Garrett Soden
Non-Executive Director5.42yrsUS$39.00k0.037%
$ 228.2k
Torstein Sanness
Deputy Chairman of the Board1.42yrsUS$43.00k0.22%
$ 1.4m
Julien Olivier Balkany
Chairman of the Board6yrsUS$64.00k3.72%
$ 23.0m
Alexandra Herger
Non Executive Director6yrsUS$39.00k0.030%
$ 188.1k
Hilde Ådland
Non-Executive Director4.5yrsUS$39.00k0.028%
$ 171.5k

5.4yrs

Average Tenure

53yo

Average Age

Experienced Board: PEN's board of directors are considered experienced (5.4 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

Panoro Energy ASA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Panoro Energy ASA
  • Ticker: PEN
  • Exchange: OB
  • Founded: 2009
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: kr619.820m
  • Shares outstanding: 69.02m
  • Website: https://www.panoroenergy.com

Number of Employees


Location

  • Panoro Energy ASA
  • RuselOekkveien 14
  • PO box 1444
  • Oslo
  • Oslo
  • 201
  • Norway

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PENOB (Oslo Bors)YesOrdinary SharesNONOKJun 2010
1PZDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJun 2010
0N08LSE (London Stock Exchange)YesOrdinary SharesGBNOKJun 2010
PESA.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJun 2010
PENoBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBNOKJun 2010

Biography

Panoro Energy ASA engages in the exploration, development, and production of oil and gas in North and West Africa. The company holds assets in the Dussafu License located in the offshore southern Gabon; an ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/29 20:58
End of Day Share Price2020/10/29 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.