Petrolia SE, together with its subsidiaries, operates as a rental equipment company for the oil industry in Europe, Asia, Australia, and internationally.
Flawless balance sheet and undervalued.
Share Price & News
How has Petrolia's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PSE has not had significant price volatility in the past 3 months.
7 Day Return
NO Energy Services
1 Year Return
NO Energy Services
Return vs Industry: PSE exceeded the Norwegian Energy Services industry which returned -26.8% over the past year.
Return vs Market: PSE underperformed the Norwegian Market which returned -1.2% over the past year.
Price Volatility Vs. Market
How volatile is Petrolia's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StPetrolia (OB:PSE) Has A Pretty Healthy Balance Sheet
1 month ago | Simply Wall StIs Petrolia SE’s (OB:PSE) 14% ROCE Any Good?
2 months ago | Simply Wall StWe're Not So Sure You Should Rely on Petrolia's (OB:PSE) Statutory Earnings
Is Petrolia 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: PSE (NOK2.8) is trading below our estimate of fair value (NOK10.65)
Significantly Below Fair Value: PSE is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PSE is good value based on its PE Ratio (3.3x) compared to the Energy Services industry average (10.8x).
PE vs Market: PSE is good value based on its PE Ratio (3.3x) compared to the Norwegian market (15.5x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate PSE's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PSE is good value based on its PB Ratio (0.4x) compared to the NO Energy Services industry average (0.6x).
How is Petrolia forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
- Examine whether Petrolia is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Petrolia competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Energy industry.
How has Petrolia performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PSE has a large one-off gain of $3.7M impacting its June 30 2019 financial results.
Growing Profit Margin: PSE became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: PSE has become profitable over the past 5 years, growing earnings by 25% per year.
Accelerating Growth: PSE has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: PSE has become profitable in the last year, making it difficult to compare its past year earnings growth to the Energy Services industry (-44.4%).
Return on Equity
High ROE: PSE's Return on Equity (13.3%) is considered low.
Return on Assets
Return on Capital Employed
How is Petrolia's financial position?
Financial Position Analysis
Short Term Liabilities: PSE's short term assets ($27.7M) exceed its short term liabilities ($17.1M).
Long Term Liabilities: PSE's short term assets ($27.7M) exceed its long term liabilities ($11.6M).
Debt to Equity History and Analysis
Debt Level: PSE's debt to equity ratio (10.5%) is considered satisfactory.
Reducing Debt: PSE's debt to equity ratio has reduced from 25.1% to 10.5% over the past 5 years.
Inventory Level: PSE has a high level of physical assets or inventory.
Debt Coverage by Assets: PSE's debt is covered by short term assets (assets are 6x debt).
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: PSE is profitable, therefore cash runway is not a concern.
Forecast Cash Runway: PSE is profitable, therefore cash runway is not a concern.
What is Petrolia's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate PSE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate PSE'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 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.
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 PSE'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
Erwin Joseph Godec 0
Mr. Erwin Joseph Pierre Godec has been Chief Executive Officer at Petrolia SE September 14, 2012. Mr. Godec has been a Director of Petrolia SE since July 1, 2013 and served as a its Director.
|CEO, MD & Director||7.4yrs||no data||0.080% $132.4k|
|Chief Financial Officer||3.5yrs||no data||no data|
|General Manager of Norwegian Branch||4.1yrs||no data||0.34% $568.3k|
|Legal Secretary||0yrs||no data||no data|
|Manager of Communications||0yrs||no data||no data|
Experienced Management: PSE's management team is considered experienced (4.1 years average tenure).
|CEO, MD & Director||7.4yrs||no data||0.080% $132.4k|
|Chairman||0yrs||no data||12.82% $21.2m|
|Independent Director||9.7yrs||no data||no data|
|Independent Director||6.7yrs||no data||no data|
Experienced Board: PSE's board of directors are considered experienced (6.7 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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Petrolia SE's company bio, employee growth, exchange listings and data sources
- Name: Petrolia SE
- Ticker: PSE
- Exchange: OB
- Founded: 1997
- Industry: Oil and Gas Equipment and Services
- Sector: Energy
- Market Cap: kr165.575m
- Shares outstanding: 59.13m
- Website: https://www.petrolia.no
Number of Employees
- Petrolia SE
- Office 401
- 4th Floor
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|PSE||OB (Oslo Bors)||Yes||New Common Shares||NO||NOK||Oct 2012|
|0QAB||LSE (London Stock Exchange)||Yes||New Common Shares||GB||NOK||Oct 2012|
|0PE||DB (Deutsche Boerse AG)||Yes||New Common Shares||DE||EUR||Oct 2012|
|PSEO||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||New Common Shares||GB||NOK||Oct 2012|
Petrolia SE, together with its subsidiaries, operates as a rental equipment company for the oil industry in Europe, Asia, Australia, and internationally. The company operates through two segments, Exploration & Production, and Oil Service. It rents drilling equipment, such as drill pipes, and test strings and tubings, as well as casing, handling, and auxiliary tools and other equipment. The company also provides inspection and maintenance services; and various services for equipment. It serves oil companies, drilling contractors, and oil service companies. The company was formerly known as Petrolia E&P Holdings SE and changed its name to Petrolia SE in January 2013. Petrolia SE was founded in 1997 and is based in Limassol, Cyprus.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/18 22:19|
|End of Day Share Price||2020/02/18 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.