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PSE

Petrolia OB:PSE Stock Report

Last Price

kr6.00

Market Cap

kr354.8m

7D

-5.1%

1Y

-34.1%

Updated

27 Jun, 2022

Data

Company Financials
PSE fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

PSE Stock Overview

Petrolia SE, together with its subsidiaries, operates as a rental equipment company for the oil industry in Norway, rest of Europe, Asia, Australia, and internationally.

Petrolia Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Petrolia
Historical stock prices
Current Share Pricekr6.00
52 Week Highkr10.50
52 Week Lowkr4.30
Beta1.16
1 Month Change9.09%
3 Month Change0.67%
1 Year Change-34.07%
3 Year Change94.80%
5 Year Change62.60%
Change since IPO-36.84%

Recent News & Updates

Jun 23
Petrolia (OB:PSE) Has A Rock Solid Balance Sheet

Petrolia (OB:PSE) Has A Rock Solid Balance Sheet

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

May 19
Petrolia (OB:PSE) Is Looking To Continue Growing Its Returns On Capital

Petrolia (OB:PSE) Is Looking To Continue Growing Its Returns On Capital

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...

Mar 23
Petrolia (OB:PSE) Could Easily Take On More Debt

Petrolia (OB:PSE) Could Easily Take On More Debt

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Shareholder Returns

PSENO Energy ServicesNO Market
7D-5.1%-4.3%-2.8%
1Y-34.1%31.5%6.0%

Return vs Industry: PSE underperformed the Norwegian Energy Services industry which returned 23.2% over the past year.

Return vs Market: PSE underperformed the Norwegian Market which returned 3.2% over the past year.

Price Volatility

Is PSE's price volatile compared to industry and market?
PSE volatility
PSE Average Weekly Movement12.9%
Energy Services Industry Average Movement10.0%
Market Average Movement7.2%
10% most volatile stocks in NO Market12.7%
10% least volatile stocks in NO Market4.0%

Stable Share Price: PSE is more volatile than 90% of Norwegian stocks over the past 3 months, typically moving +/- 13% a week.

Volatility Over Time: PSE's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of Norwegian stocks.

About the Company

FoundedEmployeesCEOWebsite
1997229Polycarpos Protopapashttps://www.petrolia.no

Petrolia SE, together with its subsidiaries, operates as a rental equipment company for the oil industry in Norway, rest of Europe, Asia, Australia, and internationally. It operates in two segments, Exploration & Production, and Oil Service. The company engages in the sale and rental of drilling equipment; and rental of land rigs.

Petrolia Fundamentals Summary

How do Petrolia's earnings and revenue compare to its market cap?
PSE fundamental statistics
Market CapUS$36.33m
Earnings (TTM)-US$1.19m
Revenue (TTM)US$50.98m

0.7x

P/S Ratio

-30.5x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PSE income statement (TTM)
RevenueUS$50.98m
Cost of RevenueUS$0
Gross ProfitUS$50.98m
Other ExpensesUS$52.17m
Earnings-US$1.19m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Aug 30, 2022

Earnings per share (EPS)-0.02
Gross Margin100.00%
Net Profit Margin-2.34%
Debt/Equity Ratio12.8%

How did PSE perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is PSE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PSE?

Other financial metrics that can be useful for relative valuation.

PSE key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.8x
Enterprise Value/EBITDA3.8x
PEG Ration/a

Price to Sales Ratio vs Peers

How does PSE's PS Ratio compare to its peers?

PSE PS Ratio vs Peers
The above table shows the PS ratio for PSE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average0.7x
HAVI Havila Shipping
0.7xn/akr399.4m
DOF DOF
0.06xn/akr395.6m
CARBN Carbon Transition
1.2xn/akr257.5m
EIOF Eidesvik Offshore
1.1xn/akr620.3m
PSE Petrolia
0.7xn/akr354.8m

Price-To-Sales vs Peers: PSE is good value based on its Price-To-Sales Ratio (0.7x) compared to the peer average (0.7x).


Price to Earnings Ratio vs Industry

How does PSE's PE Ratio compare vs other companies in the NO Energy Services Industry?

Price-To-Sales vs Industry: PSE is good value based on its Price-To-Sales Ratio (0.7x) compared to the Norwegian Energy Services industry average (1x)


Price to Sales Ratio vs Fair Ratio

What is PSE's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PSE PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.7x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate PSE's Price-To-Sales Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of PSE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: PSE (NOK6) is trading above our estimate of fair value (NOK5.31)

Significantly Below Fair Value: PSE is trading above our estimate of fair value.


Price to Earnings Growth Ratio

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


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Future Growth

How is Petrolia forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


43.2%

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 Petrolia 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.


Discover growth companies

  • Examine Petrolia's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • Petrolia competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Petrolia performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


53.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PSE is currently unprofitable.

Growing Profit Margin: PSE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PSE is unprofitable, but has reduced losses over the past 5 years at a rate of 53.5% per year.

Accelerating Growth: Unable to compare PSE's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: PSE is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (-45.5%).


Return on Equity

High ROE: PSE has a negative Return on Equity (-2.98%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Petrolia's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: PSE's short term assets ($31.3M) exceed its short term liabilities ($20.2M).

Long Term Liabilities: PSE's short term assets ($31.3M) exceed its long term liabilities ($9.8M).


Debt to Equity History and Analysis

Debt Level: PSE has more cash than its total debt.

Reducing Debt: PSE's debt to equity ratio has reduced from 56.7% to 12.8% over the past 5 years.


Balance Sheet


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.

Stable Cash Runway: Whilst unprofitable PSE has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: PSE is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 62.7% per year.


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Dividend

What is Petrolia current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

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

High Dividend: Unable to evaluate PSE'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 PSE's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PSE's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as PSE has not reported any payouts.


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Management

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

2.6yrs

Average board tenure


CEO

Polycarpos Protopapas

2.58yrs

Tenure

US$64,000

Compensation

Mr. Polycarpos Protopapas serves as Managing Director and Director at Petrolia SE since November 27, 2019. He work experience with key positions at both public and private companies and group of companies...


Board Members

Experienced Board: PSE's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.


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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Petrolia SE's employee growth, exchange listings and data sources


Key Information

  • Name: Petrolia SE
  • Ticker: PSE
  • Exchange: OB
  • Founded: 1997
  • Industry: Oil and Gas Equipment and Services
  • Sector: Energy
  • Implied Market Cap: kr354.803m
  • Shares outstanding: 59.13m
  • Website: https://www.petrolia.no

Number of Employees


Location

  • Petrolia SE
  • Office 401
  • 4th Floor
  • Limassol
  • 3036
  • Cyprus

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/27 00:00
End of Day Share Price2022/06/27 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.