Independent Oil & Resources Plc, through its subsidiaries, holds and trades investments in oil industry. More Details
+ 1 more risk
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.
7 Day Return
NO Energy Services
1 Year Return
NO Energy Services
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.
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
Is Independent Oil & Resources undervalued compared to its fair value and its price relative to the market?
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).
How is Independent Oil & Resources forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
How has Independent Oil & Resources performed over the past 5 years?
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.
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%.
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.
What is Independent Oil & Resources's current dividend yield, its reliability and sustainability?
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.
How experienced are the management team and are they aligned to shareholders interests?
Sissel Andersen (67 yo)
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 ...
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.
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 73.4%.
Independent Oil & Resources Plc's company bio, employee growth, exchange listings and data sources
- 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
- Independent Oil & Resources Plc
- Office 401, Loulloupis Court
- 4th Floor
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|IOTA||OTCNO (Norway OTC)||Yes||Ordinary Shares||NO||NOK||Dec 2004|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/11/26 18:32|
|End of Day Share Price||2020/11/11 00:00|
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.