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SeaBird Exploration

Executive Summary

SeaBird Exploration Plc, through its subsidiaries, provides marine 2D and 3D seismic data for the oil and gas industry in Europe, Africa, the Middle East, North and South America, and the Asia Pacific. More Details


Snowflake Analysis

Reasonable growth potential with mediocre balance sheet.


Similar Companies

Share Price & News

How has SeaBird Exploration's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

2.7%

SBX

1.1%

NO Energy Services

2.0%

NO Market


1 Year Return

-74.0%

SBX

-54.1%

NO Energy Services

-12.7%

NO Market

Return vs Industry: SBX underperformed the Norwegian Energy Services industry which returned -54.1% over the past year.

Return vs Market: SBX underperformed the Norwegian Market which returned -12.7% over the past year.


Shareholder returns

SBXIndustryMarket
7 Day2.7%1.1%2.0%
30 Day-11.9%-5.7%1.6%
90 Day-17.2%-4.7%6.9%
1 Year-74.0%-74.0%-52.1%-54.1%-10.1%-12.7%
3 Year-93.4%-93.4%-65.7%-68.0%10.0%-2.4%
5 Year-99.9%-99.9%-39.0%-59.9%54.0%23.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is SeaBird Exploration 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: SBX (NOK3.85) is trading below our estimate of fair value (NOK17.71)

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


Price To Earnings Ratio

PE vs Industry: SBX is unprofitable, so we can't compare its PE Ratio to the XE Energy Services industry average.

PE vs Market: SBX is unprofitable, so we can't compare its PE Ratio to the Norwegian market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: SBX's PB Ratio (0.3x) is in line with the NO Energy Services industry average.


Next Steps

Future Growth

How is SeaBird Exploration forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

108.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SBX is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.6%).

Earnings vs Market: SBX is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: SBX's is expected to become profitable in the next 3 years.

Revenue vs Market: SBX's revenue is expected to decline over the next 3 years (-5% per year).

High Growth Revenue: SBX's revenue is forecast to decline over the next 3 years (-5% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SBX's Return on Equity is forecast to be high in 3 years time (20.4%)


Next Steps

Past Performance

How has SeaBird Exploration performed over the past 5 years?

-5.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SBX is currently unprofitable.

Growing Profit Margin: SBX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SBX is unprofitable, and losses have increased over the past 5 years at a rate of 5.9% per year.

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

Earnings vs Industry: SBX is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (-41%).


Return on Equity

High ROE: SBX has a negative Return on Equity (-54.88%), as it is currently unprofitable.


Next Steps

Financial Health

How is SeaBird Exploration's financial position?


Financial Position Analysis

Short Term Liabilities: SBX's short term assets ($40.3M) do not cover its short term liabilities ($40.8M).

Long Term Liabilities: SBX's short term assets ($40.3M) exceed its long term liabilities ($7.0M).


Debt to Equity History and Analysis

Debt Level: SBX's debt to equity ratio (17.4%) is considered satisfactory.

Reducing Debt: SBX's debt to equity ratio has reduced from 75.4% to 17.4% 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: SBX has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if SBX has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is SeaBird Exploration current dividend yield, its reliability and sustainability?

15.68%

Forecast Dividend Yield


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if SBX'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 SBX'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?

0.9yrs

Average management tenure


CEO

Gunnar Jansen

0.92

Tenure

Mr. Gunnar C. Jansen serves as Chief Commercial Officer & Chief Legal Officer at SeaBird Exploration Plc. since August 8, 2018 and Interim Chief Executive Officer Since October 20, 2019. He served as Gener ...


Leadership Team

NamePositionTenureCompensationOwnership
Ståle Rodahl
Executive Chairman0.92yrno datano data
Gunnar Jansen
Interim CEO0.92yrno data0.097%
$ 101.1k
Erik von Krogh
Chief Financial Officer0.42yrno datano data
Finn Hamre
Chief Operating Officer2.25yrsno data0.0097%
$ 10.1k
Anil Duhirani
Chief Accountantno datano datano data
Øyvind Aasbø
Chief Observerno datano datano data
Adam Montanios
Secretaryno datano datano data

0.9yrs

Average Tenure

Experienced Management: SBX's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Ståle Rodahl
Executive Chairman0.92yrno datano data
Nicholas Nunn
Independent Director1.08yrsno datano data
Rolf Jacobsen
Director0.67yrno datano data
Øivind Dahl-Stamnes
Independent Director0.67yrno datano data
Hans Jan Christian Anderson
Director0.67yrno datano data

0.7yrs

Average Tenure

Experienced Board: SBX's board of directors are not considered experienced ( 0.7 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

SeaBird Exploration Plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: SeaBird Exploration Plc
  • Ticker: SBX
  • Exchange: OB
  • Founded: 2000
  • Industry: Oil and Gas Equipment and Services
  • Sector: Energy
  • Market Cap: kr103.744m
  • Shares outstanding: 26.95m
  • Website: https://www.sbexp.com

Number of Employees


Location

  • SeaBird Exploration Plc
  • Matrix Tower II
  • Spyrou Kyprianou 15
  • Limassol
  • 4001
  • Cyprus

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SBXOB (Oslo Bors)YesOrdinary SharesNONOKApr 2006
E36DB (Deutsche Boerse AG)YesOrdinary SharesDEEURApr 2006
0MO8LSE (London Stock Exchange)YesOrdinary SharesGBNOKApr 2006

Biography

SeaBird Exploration Plc, through its subsidiaries, provides marine 2D and 3D seismic data for the oil and gas industry in Europe, Africa, the Middle East, North and South America, and the Asia Pacific. The ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/20 04:44
End of Day Share Price2020/09/18 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.