New Risk • Apr 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Norwegian stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Market cap is less than US$100m (kr333.5m market cap, or US$34.9m). Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to kr6.28, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 9x in the Energy Services industry in Norway. Total returns to shareholders of 59% over the past three years. Reported Earnings • Mar 02
Full year 2025 earnings released: EPS: US$0.092 (vs US$0.067 in FY 2024) Full year 2025 results: EPS: US$0.092 (up from US$0.067 in FY 2024). Revenue: US$60.4m (up 13% from FY 2024). Net income: US$5.41m (up 36% from FY 2024). Profit margin: 9.0% (up from 7.4% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Feb 19
Petrolia SE to Report Fiscal Year 2025 Results on Feb 26, 2026 Petrolia SE announced that they will report fiscal year 2025 results on Feb 26, 2026 Reported Earnings • Sep 01
First half 2025 earnings released: EPS: US$0.056 (vs US$0.062 in 1H 2024) First half 2025 results: EPS: US$0.056 (down from US$0.062 in 1H 2024). Revenue: US$27.9m (up 8.1% from 1H 2024). Net income: US$3.33m (down 9.4% from 1H 2024). Profit margin: 12% (down from 14% in 1H 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to kr4.99, the stock trades at a trailing P/E ratio of 7.3x. Average trailing P/E is 7x in the Energy Services industry in Norway. Total loss to shareholders of 6.2% over the past three years. New Risk • Apr 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Norwegian stocks, typically moving 8.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.6% average weekly change). Market cap is less than US$100m (kr240.9m market cap, or US$22.0m). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to kr3.40, the stock trades at a trailing P/E ratio of 4.9x. Average trailing P/E is 7x in the Energy Services industry in Norway. Total loss to shareholders of 38% over the past three years. Reported Earnings • Feb 28
Full year 2024 earnings released: EPS: US$0.064 (vs US$0.034 in FY 2023) Full year 2024 results: EPS: US$0.064 (up from US$0.034 in FY 2023). Revenue: US$53.5m (down 1.3% from FY 2023). Net income: US$3.77m (up 88% from FY 2023). Profit margin: 7.0% (up from 3.7% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Feb 20
Petrolia SE to Report Fiscal Year 2024 Results on Feb 27, 2025 Petrolia SE announced that they will report fiscal year 2024 results on Feb 27, 2025 Valuation Update With 7 Day Price Move • Nov 26
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to kr4.86, the stock trades at a trailing P/E ratio of 5.6x. Average trailing P/E is 9x in the Energy Services industry in Norway. Total loss to shareholders of 2.6% over the past three years. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to kr6.40, the stock trades at a trailing P/E ratio of 7.8x. Average trailing P/E is 8x in the Energy Services industry in Norway. Total loss to shareholders of 18% over the past three years. New Risk • May 18
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 29% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (kr281.0m market cap, or US$26.3m). New Risk • May 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Norwegian stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Market cap is less than US$100m (kr273.9m market cap, or US$25.6m). Reported Earnings • Feb 28
Full year 2023 earnings released: EPS: US$0.037 (vs US$0.027 loss in FY 2022) Full year 2023 results: EPS: US$0.037 (up from US$0.027 loss in FY 2022). Revenue: US$55.0m (down 1.0% from FY 2022). Net income: US$2.16m (up US$3.73m from FY 2022). Profit margin: 3.9% (up from net loss in FY 2022). Over the last 3 years on average, earnings per share has fallen by 23% per year whereas the company’s share price has fallen by 26% per year. Buy Or Sell Opportunity • Feb 22
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at kr4.09. The fair value is estimated to be kr5.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Meanwhile, the company has become profitable. Announcement • Feb 21
Petrolia SE to Report Q4, 2023 Results on Feb 26, 2024 Petrolia SE announced that they will report Q4, 2023 results on Feb 26, 2024 Valuation Update With 7 Day Price Move • Sep 20
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to kr4.82, the stock trades at a trailing P/E ratio of 62x. Average trailing P/E is 10x in the Energy Services industry in Norway. Total loss to shareholders of 24% over the past three years. New Risk • Aug 31
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Share price has been volatile over the past 3 months (8.0% average weekly change). Market cap is less than US$100m (kr242.0m market cap, or US$22.7m). New Risk • Aug 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Norwegian stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Market cap is less than US$100m (kr242.0m market cap, or US$23.8m). Reported Earnings • Mar 04
Full year 2022 earnings released: US$0.013 loss per share (vs US$0.02 loss in FY 2021) Full year 2022 results: US$0.013 loss per share (improved from US$0.02 loss in FY 2021). Revenue: US$55.5m (up 8.9% from FY 2021). Net loss: US$743.0k (loss narrowed 38% from FY 2021). Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 15% per year. Board Change • Dec 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Non-Executive Independent Deputy Chairman George Hadjineophytou was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Sep 01
First half 2022 earnings released: US$0.015 loss per share (vs US$0.016 profit in 1H 2021) First half 2022 results: US$0.015 loss per share (down from US$0.016 profit in 1H 2021). Revenue: US$26.6m (up 14% from 1H 2021). Net loss: US$897.0k (down 197% from profit in 1H 2021). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Buying Opportunity • Apr 04
Now 22% undervalued Over the last 90 days, the stock is up 15%. The fair value is estimated to be kr7.09, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.7% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Mar 02
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$0 (down from US$0.01 in FY 2020). Revenue: US$51.0m (up 17% from FY 2020). Net loss: US$23.0k (down 104% from profit in FY 2020). Profit margin: 0% (down from 1.4% in FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 08
Investor sentiment deteriorated over the past week After last week's 25% share price decline to kr6.00, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 4x in the Energy Services industry in Norway. Total returns to shareholders of 68% over the past three years. Valuation Update With 7 Day Price Move • Sep 10
Investor sentiment improved over the past week After last week's 19% share price gain to kr9.76, the stock trades at a trailing P/E ratio of 15.5x. Average trailing P/E is 4x in the Energy Services industry in Norway. Total returns to shareholders of 196% over the past three years. Reported Earnings • Sep 01
First half 2021 earnings released: EPS US$0.016 (vs US$0.047 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: US$23.5m (up 5.0% from 1H 2020). Net income: US$928.0k (up US$3.68m from 1H 2020). Profit margin: 4.0% (up from net loss in 1H 2020). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 34% per year, which means it is well ahead of earnings. Reported Earnings • Feb 27
Full year 2020 earnings released: US$0.024 loss per share (vs US$0.015 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: US$43.6m (down 34% from FY 2019). Net loss: US$1.44m (loss widened 66% from FY 2019). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 71% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Feb 12
New 90-day high: kr8.90 The company is up 46% from its price of kr6.10 on 13 November 2020. The Norwegian market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 27% over the same period. Is New 90 Day High Low • Dec 30
New 90-day high: kr8.40 The company is up 42% from its price of kr5.90 on 01 October 2020. The Norwegian market is up 14% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Energy Services industry, which is also up 42% over the same period. Is New 90 Day High Low • Dec 11
New 90-day high: kr7.20 The company is up 5.0% from its price of kr6.85 on 11 September 2020. The Norwegian market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Energy Services industry, which is up 35% over the same period. Is New 90 Day High Low • Oct 29
New 90-day low: kr5.55 The company is down 31% from its price of kr8.10 on 30 July 2020. The Norwegian market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Energy Services industry, which is down 15% over the same period.