OB:ZENA-ME

Stock Analysis Report

Executive Summary

Zenith Energy Ltd., together with its subsidiaries, explores for and develops oil and natural gas.

Snowflake

Fundamentals

Imperfect balance sheet and overvalued.

Risks

  • Zenith Energy is not covered by any analysts.

Share Price & News

How has Zenith Energy's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

7.8%

OB:ZENA-ME

3.1%

NO Oil and Gas

1.5%

NO Market


1 Year Return

n/a

OB:ZENA-ME

-27.8%

NO Oil and Gas

-14.8%

NO Market

No trading data on ZENA-ME.

No trading data on ZENA-ME.


Share holder returns

ZENA-MEIndustryMarket
7 Day7.8%3.1%1.5%
30 Day-5.3%-5.7%-3.3%
90 Day-11.1%-11.9%-5.4%
1 Yearn/a-24.3%-27.8%-10.0%-14.8%
3 Yearn/a38.2%21.2%38.1%19.9%
5 Yearn/a17.7%-6.8%38.6%6.9%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Zenith Energy undervalued based on future cash flows and its price relative to the stock market?

0.027x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Zenith Energy to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Zenith Energy to establish if it is available at substantial discount.


Price Based on Earnings

Zenith Energy is loss making, we can't compare its value to the NO Oil and Gas industry average.

Zenith Energy is loss making, we can't compare the value of its earnings to the Norway market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Zenith Energy, we can't assess if its growth is good value.


Price Based on Value of Assets

Zenith Energy is good value based on assets compared to the NO Oil and Gas industry average.


Next Steps

Future Growth

How is Zenith Energy expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

12.0%

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 Zenith Energy 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.


Next Steps

Past Performance

How has Zenith Energy performed over the past 5 years?

-9.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Zenith Energy does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare Zenith Energy's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Zenith Energy's 1-year growth to the NO Oil and Gas industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Zenith Energy has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if Zenith Energy has efficiently used its assets last year compared to the NO Oil and Gas industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Zenith Energy improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Zenith Energy's financial position?


Financial Position Analysis

Zenith Energy's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Zenith Energy's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Zenith Energy's level of debt (1.9%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (126.1% vs 1.9% today).

Operating cash flow is negative therefore debt is not well covered.

Unable to confirm if the interest payments on Zenith Energy's debt are well covered by earnings due to lack of past financial data.


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.7x debt.


Next Steps

Dividend

What is Zenith Energy's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Zenith Energy's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Zenith Energy's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Zenith Energy has not reported any payouts.

Unable to verify if Zenith Energy's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Zenith Energy has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

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

2.9yrs

Average management tenure


CEO

Andrea Cattaneo 0

10.6yrs

Tenure

CA$1,518,000

Compensation

Mr. Andrea Cattaneo has been the Chief Executive Officer and President of Zenith Energy Ltd. (formerly Canoel International Energy Ltd.) since January 16, 2009 and also has been its Executive Director sinc ...


CEO Compensation Analysis

Andrea's remuneration is higher than average for companies of similar size in Norway.

Andrea's compensation has increased whilst company is loss making.


Management Age and Tenure

2.9yrs

Average Tenure

The tenure for the Zenith Energy management team is about average.


Board Age and Tenure

9.3yrs

Average Tenure

60.5yo

Average Age

The tenure for the Zenith Energy board of directors is about average.


Insider Trading

Zenith Energy individual insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

BuyCA$54,13710 Aug 19
Andrea Cattaneo
EntityIndividual
Role
Chief Executive Officer
President
Shares200,000
Max PriceCA$0.27
BuyCA$2,292,25509 Aug 19
Andrea Cattaneo
EntityIndividual
Role
Chief Executive Officer
President
Shares8,512,368
Max PriceCA$0.27
SellCA$2,304,16309 Aug 19
Andrea Cattaneo
EntityIndividual
Role
Chief Executive Officer
President
Shares8,512,368
Max PriceCA$0.27
BuyCA$66,94208 Aug 19
Andrea Cattaneo
EntityIndividual
Role
Chief Executive Officer
President
Shares250,000
Max PriceCA$0.27
BuyCA$77,87907 Aug 19
Andrea Cattaneo
EntityIndividual
Role
Chief Executive Officer
President
Shares275,000
Max PriceCA$0.29
SellCA$1,947,95906 Aug 19
Andrea Cattaneo
EntityIndividual
Role
Chief Executive Officer
President
Shares7,187,632
Max PriceCA$0.27
BuyCA$184,94106 Aug 19
Andrea Cattaneo
EntityIndividual
Role
Chief Executive Officer
President
Shares700,000
Max PriceCA$0.27
BuyCA$1,336,67801 Aug 19
Dean Clark
EntityIndividual
Shares5,000,000
Max PriceCA$0.27
SellCA$534,60508 Jul 19
Andrea Cattaneo
EntityIndividual
Role
Chief Executive Officer
President
Shares1,660,000
Max PriceCA$0.32
SellCA$282,55104 Jul 19
Andrea Cattaneo
EntityIndividual
Role
Chief Executive Officer
President
Shares877,593
Max PriceCA$0.32
BuyCA$64,52028 May 19
Andrea Cattaneo
EntityIndividual
Role
Chief Executive Officer
President
Shares200,000
Max PriceCA$0.32
BuyCA$95,29614 May 19
Andrea Cattaneo
EntityIndividual
Role
Chief Executive Officer
President
Shares300,000
Max PriceCA$0.32
BuyCA$32,13013 May 19
Andrea Cattaneo
EntityIndividual
Role
Chief Executive Officer
President
Shares100,000
Max PriceCA$0.32
BuyCA$47,85110 May 19
Andrea Cattaneo
EntityIndividual
Role
Chief Executive Officer
President
Shares150,000
Max PriceCA$0.32
BuyCA$226,98805 May 19
Andrea Cattaneo
EntityIndividual
Role
Chief Executive Officer
President
Shares650,000
Max PriceCA$0.35
BuyCA$343,39903 May 19
Dean Clark
EntityIndividual
Shares1,000,000
Max PriceCA$0.34
BuyCA$219,51525 Apr 19
Andrea Cattaneo
EntityIndividual
Role
Chief Executive Officer
President
Shares593,289
Max PriceCA$0.37
BuyCA$216,70024 Apr 19
Andrea Cattaneo
EntityIndividual
Role
Chief Executive Officer
President
Shares593,289
Max PriceCA$0.37
BuyCA$49,58311 Apr 19
Andrea Cattaneo
EntityIndividual
Role
Chief Executive Officer
President
Shares150,000
Max PriceCA$0.33
BuyCA$103,03310 Apr 19
Andrea Cattaneo
EntityIndividual
Role
Chief Executive Officer
President
Shares300,000
Max PriceCA$0.35
BuyCA$291,59305 Apr 19
Dean Clark
EntityIndividual
Shares1,000,000
Max PriceCA$0.29
BuyCA$645,52002 Apr 19
Dean Clark
EntityIndividual
Shares2,000,000
Max PriceCA$0.32
BuyCA$193,45821 Feb 19
Andrea Cattaneo
EntityIndividual
Role
Chief Executive Officer
President
Shares536,689
Max PriceCA$0.36
BuyCA$84,92420 Feb 19
Andrea Cattaneo
EntityIndividual
Role
Chief Executive Officer
President
Shares250,000
Max PriceCA$0.34
BuyCA$410,80820 Nov 18
Andrea Cattaneo
EntityIndividual
Role
Chief Executive Officer
President
Shares1,150,000
Max PriceCA$0.36
BuyCA$63,71104 Oct 18
Andrea Cattaneo
EntityIndividual
Role
Chief Executive Officer
President
Shares175,000
Max PriceCA$0.36
SellCA$724,96829 Sep 18
Pole Position S.R.L.
EntityCompany
Shares2,008,808
Max PriceCA$0.36
BuyCA$83,14528 Sep 18
Andrea Cattaneo
EntityIndividual
Role
Chief Executive Officer
President
Shares225,000
Max PriceCA$0.38
BuyCA$407,41325 Sep 18
Andrea Cattaneo
EntityIndividual
Role
Chief Executive Officer
President
Shares1,120,000
Max PriceCA$0.37
BuyCA$1,193,31424 Sep 18
Andrea Cattaneo
EntityIndividual
Role
Chief Executive Officer
President
Shares3,300,000
Max PriceCA$0.38
BuyCA$18,48220 Sep 18
Andrea Cattaneo
EntityIndividual
Role
Chief Executive Officer
President
Shares50,000
Max PriceCA$0.37
BuyCA$32,61819 Sep 18
Andrea Cattaneo
EntityIndividual
Role
Chief Executive Officer
President
Shares90,000
Max PriceCA$0.36

Ownership Breakdown


Management Team

  • Andrea Cattaneo

    President

    • Tenure: 10.6yrs
    • Compensation: CA$1.52m
  • Gino Milano

    Executive Director

    • Tenure: 10.9yrs
    • Compensation: CA$207.00k
  • Luca Benedetto

    Chief Financial Officer

    • Tenure: 2.3yrs
    • Compensation: CA$194.00k

Board Members

  • James Ladner (79yo)

    Member of Advisory Committee

    • Tenure: 7.3yrs
  • Dario Sodero

    Non-Executive Director

    • Tenure: 10.2yrs
    • Compensation: CA$8.00k
  • Erik Larre (57yo)

    Non-Executive Director

    • Tenure: 8.4yrs
  • Andrea Cattaneo

    President

    • Tenure: 10.6yrs
    • Compensation: CA$1.52m
  • José López-Portillo (64yo)

    Chairman

    • Tenure: 0.0yrs
  • Gino Milano

    Executive Director

    • Tenure: 10.9yrs
    • Compensation: CA$207.00k
  • Sergey Borovskiy (47yo)

    Non-Executive Director

    • Tenure: 2.1yrs

Company Information

Zenith Energy Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Zenith Energy Ltd.
  • Ticker: ZENA-ME
  • Exchange: OB
  • Founded: 2007
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: CA$18.077m
  • Listing Market Cap: CA$121.649m
  • Shares outstanding: 361.53m
  • Website: https://www.zenithenergy.ca

Number of Employees


Location

  • Zenith Energy Ltd.
  • Bankers Court
  • 15th Floor
  • Calgary
  • T2P 0R8
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ZEETSXV (TSX Venture Exchange)YesCommon SharesCACADApr 2008
ZCL1DB (Deutsche Boerse AG)YesCommon SharesDEEURApr 2008
ZENLSE (London Stock Exchange)YesCommon SharesGBGBPApr 2008
ZENA-MEOB (Oslo Bors)YesCommon SharesNONOKApr 2008

Biography

Zenith Energy Ltd., together with its subsidiaries, explores for and develops oil and natural gas. It also produces electricity and natural gas condensate. The company owns onshore oilfields with 75 wells  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/24 22:47
End of Day Share Price2019/08/23 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


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.