OTCNO:IOTA

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Independent Oil & Resources

Executive Summary

Independent Oil & Resources Plc, through its subsidiaries, holds and trades investments in oil industry. More Details


Snowflake Analysis

Flawless balance sheet and fair value.

Share Price & News

How has Independent Oil & Resources's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: Insufficient data to determine IOTA's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine IOTA's volatility change over the past year.


Market Performance


7 Day Return

0%

IOTA

8.4%

NO Energy Services

2.4%

NO Market


1 Year Return

0%

IOTA

-38.3%

NO Energy Services

-2.2%

NO Market

Return vs Industry: IOTA exceeded the Norwegian Energy Services industry which returned -38.3% over the past year.

Return vs Market: IOTA exceeded the Norwegian Market which returned -2.2% over the past year.


Shareholder returns

IOTAIndustryMarket
7 Day0%8.4%2.4%
30 Day11.1%36.0%11.5%
90 Dayn/a22.6%6.9%
1 Year0%0%-35.2%-38.3%1.4%-2.2%
3 Year-60.0%-60.0%-58.0%-61.0%8.9%-3.3%
5 Year-83.3%-83.3%-28.3%-49.2%53.3%23.0%

Long-Term Price Volatility Vs. Market

How volatile is Independent Oil & Resources's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Independent Oil & Resources undervalued compared to its fair value and its price relative to the market?

37.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: IOTA (NOK1) is trading below our estimate of fair value (NOK1.59)

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


Price To Earnings Ratio

PE vs Industry: IOTA is unprofitable, so we can't compare its PE Ratio to the NO Energy Services industry average.

PE vs Market: IOTA 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 IOTA's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: IOTA is good value based on its PB Ratio (0.3x) compared to the NO Energy Services industry average (0.5x).


Next Steps

Future Growth

How is Independent Oil & Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

68.0%

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 Independent Oil & Resources 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 Independent Oil & Resources performed over the past 5 years?

49.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IOTA is currently unprofitable.

Growing Profit Margin: IOTA is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: IOTA is unprofitable, but has reduced losses over the past 5 years at a rate of 49% per year.

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

Earnings vs Industry: IOTA is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (-28.6%).


Return on Equity

High ROE: IOTA has a negative Return on Equity (-4.35%), as it is currently unprofitable.


Next Steps

Financial Health

How is Independent Oil & Resources's financial position?


Financial Position Analysis

Short Term Liabilities: IOTA's short term assets (NOK50.5M) exceed its short term liabilities (NOK1.1M).

Long Term Liabilities: IOTA has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: IOTA is debt free.

Reducing Debt: IOTA has no debt compared to 5 years ago when its debt to equity ratio was 8.1%.


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: IOTA has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: IOTA has sufficient cash runway for 1.2 years if free cash flow continues to grow at historical rates of 3.7% each year.


Next Steps

Dividend

What is Independent Oil & Resources's current dividend yield, its reliability and sustainability?

36.60%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: IOTA's dividend (36.6%) is higher than the bottom 25% of dividend payers in the Norwegian market (2.43%).

High Dividend: IOTA's dividend (36.6%) is in the top 25% of dividend payers in the Norwegian market (6.02%)


Stability and Growth of Payments

Stable Dividend: Too early to tell whether IOTA's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if IOTA's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: IOTA is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?


CEO

Sissel Andersen (67 yo)

no data

Tenure

Mrs. Sissel Andersen serves as the Chief Executive Officer and Chief Financial Officer of Independent Oil & Resources ASA and served as its Managing Director. From 1969 to 1986, Mrs. Andersen was employed ...


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.


Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 73.4%.


Top Shareholders

Company Information

Independent Oil & Resources Plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Independent Oil & Resources Plc
  • Ticker: IOTA
  • Exchange: OTCNO
  • Founded: 1991
  • Industry: Oil and Gas Equipment and Services
  • Sector: Energy
  • Market Cap: kr59.053m
  • Shares outstanding: 59.05m
  • Website: https://independentresources.eu

Number of Employees


Location

  • Independent Oil & Resources Plc
  • Office 401, Loulloupis Court
  • 4th Floor
  • Limassol
  • 3036
  • Cyprus

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IOTAOTCNO (Norway OTC)YesOrdinary SharesNONOKDec 2004

Biography

Independent Oil & Resources Plc, through its subsidiaries, holds and trades investments in oil industry. The company was incorporated in 1991 and is based in Limassol, Cyprus.


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/26 18:32
End of Day Share Price2020/11/11 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.