OB:SBX

Stock Analysis Report

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.

Snowflake

Fundamentals

Exceptional growth potential with adequate 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


Market Performance


7 Day Return

-5.7%

SBX

1.0%

NO Energy Services

0.07%

NO Market


1 Year Return

-67.0%

SBX

-31.5%

NO Energy Services

-8.7%

NO Market

Return vs Industry: SBX underperformed the Norwegian Energy Services industry which returned -31.5% over the past year.

Return vs Market: SBX underperformed the Norwegian Market which returned -8.7% over the past year.


Shareholder returns

SBXIndustryMarket
7 Day-5.7%1.0%0.07%
30 Day-19.4%-4.6%-1.9%
90 Day-42.0%-3.2%2.1%
1 Year-67.0%-67.0%-30.2%-31.5%-3.9%-8.7%
3 Year-99.2%-99.2%2.5%-4.4%40.2%21.9%
5 Year-100.0%-100.0%-29.6%-51.1%59.2%22.5%

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

Undervalued: SBX (NOK0.62) is trading below our estimate of fair value (NOK11.21)

Significantly Undervalued: 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 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

Low 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 is good value based on its PB Ratio (0.6x) compared to the NO Energy Services industry average (0.6x).


Next Steps

Future Growth

How is SeaBird Exploration forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

76.2%

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 (1.8%).

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

High Growth Earnings: SBX's loss is forecast to worsen by 0% next year.

Revenue vs Market: SBX's revenue (28.8% per year) is forecast to grow faster than the Norwegian market (4.7% per year).

High Growth Revenue: SBX's revenue (28.8% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: SBX's Return on Equity is forecast to be high in 3 years time (34.1%)


Next Steps

Past Performance

How has SeaBird Exploration performed over the past 5 years?

9.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: SBX is unprofitable, but has reduced losses over the past 5 years at a rate of 9.3% 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 (5%).


Return on Equity

High ROE: SBX has a negative Return on Equity (-25.22%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: SBX is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: SBX is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is SeaBird Exploration's financial position?


Financial Position Analysis

Short Term Liabilities: SBX's short term assets ($35.0M) exceeds its short term liabilities ($22.0M)

Long Term Liabilities: SBX's short term assets (35.0M) exceeds its long term liabilities (1.5M)


Debt to Equity History and Analysis

Debt Level: SBX's debt to equity ratio (8%) is considered satisfactory

Reducing Debt: SBX's debt to equity ratio has reduced from 169.5% to 8% over the past 5 years.


Balance Sheet

Inventory Level: SBX has a high level of physical assets or inventory.

Debt Coverage by Assets: SBX's debt is covered by short term assets (assets are 7.221300x 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: 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's current dividend yield, its reliability and sustainability?

33.60%

Forecast Dividend Yield


Dividend Yield vs Market

companyn/amarketbottom25%2.6%markettop25%6.2%industryaverage4.5%forecastin3Years33.6%

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

What is the CEO of SeaBird Exploration's salary, the management and board of directors tenure and is there insider trading?

1.3yrs

Average management tenure


CEO

Hans Petter Klohs (52yo)

1.3yrs

Tenure

0

Mr. Hans Petter Amundsen Klohs has been Chief Executive Officer of SeaBird Exploration Plc since June 24, 2018. Mr. Klohs has been the Chief Executive Officer of Arrow Seismic since October 2005 and GC Rie ...


Management Age and Tenure

1.3yrs

Average Tenure

Experienced Management: SBX's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Age and Tenure

0.8yrs

Average Tenure

Experienced Board: SBX's board of directors are not considered experienced ( 0.8 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Øyvind Aasbø (69yo)

    Chief Observer

    • Tenure: 0yrs
  • Adam Montanios

    Secretary

    • Tenure: 0yrs
  • Hans Petter Klohs (52yo)

    Chief Executive Officer

    • Tenure: 1.3yrs
  • Per Nils Haugestad

    Chief Financial Officer

    • Tenure: 7.5yrs
  • Anil Duhirani

    Chief Accountant

    • Tenure: 0yrs
  • Finn Hamre

    Chief Operating Officer

    • Tenure: 1.3yrs
  • Gunnar Jansen

    Chief Commercial Officer & Chief Legal Officer

    • Tenure: 1.2yrs

Board Members

  • Olav Haugland (53yo)

    Director

    • Tenure: 1.2yrs
  • Sidsel Godal

    Director

    • Tenure: 0.8yrs
  • Nicholas Nunn

    Director

    • Tenure: 0.8yrs
  • Ståle Rodahl

    Chairman of the Board

    • Tenure: 0yrs

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: kr331.443m
  • Shares outstanding: 538.93m
  • 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
SBXOBATS-CHIXE (BATS 'Chi-X Europe')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 Analysis2019/10/19 20:59
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.