NZSE:NZO

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New Zealand Oil & Gas

Executive Summary

New Zealand Oil & Gas Limited engages in the production, exploration, evaluation, and appraisal of oil and gas properties. More Details


Snowflake Analysis

Flawless balance sheet and overvalued.


Similar Companies

Share Price & News

How has New Zealand Oil & Gas's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: NZO is more volatile than 90% of NZ stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: NZO's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of NZ stocks.


Market Performance


7 Day Return

-0.9%

NZO

-1.3%

NZ Oil and Gas

3.9%

NZ Market


1 Year Return

-19.7%

NZO

-24.1%

NZ Oil and Gas

10.6%

NZ Market

Return vs Industry: NZO exceeded the NZ Oil and Gas industry which returned -24.1% over the past year.

Return vs Market: NZO underperformed the NZ Market which returned 10.6% over the past year.


Shareholder returns

NZOIndustryMarket
7 Day-0.9%-1.3%3.9%
30 Day-28.4%8.3%3.2%
90 Day-23.2%33.1%11.0%
1 Year-19.7%-19.7%-21.3%-24.1%14.7%10.6%
3 Year-23.2%-23.2%-16.4%-25.4%56.9%36.1%
5 Year192.1%26.2%23.9%5.2%112.7%61.1%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is New Zealand Oil & Gas undervalued compared to its fair value and its price relative to the market?

0.64x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: NZO (NZ$0.53) is trading above our estimate of fair value (NZ$0.09)

Significantly Below Fair Value: NZO is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: NZO is unprofitable, so we can't compare its PE Ratio to the XO Oil and Gas industry average.

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: NZO is good value based on its PB Ratio (0.6x) compared to the XO Oil and Gas industry average (1.8x).


Next Steps

Future Growth

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

43.6%

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 New Zealand Oil & Gas 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 New Zealand Oil & Gas performed over the past 5 years?

40.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NZO is currently unprofitable.

Growing Profit Margin: NZO is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: NZO is unprofitable, but has reduced losses over the past 5 years at a rate of 40.9% per year.

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

Earnings vs Industry: NZO is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-61.9%).


Return on Equity

High ROE: NZO has a negative Return on Equity (-0.52%), as it is currently unprofitable.


Next Steps

Financial Health

How is New Zealand Oil & Gas's financial position?


Financial Position Analysis

Short Term Liabilities: NZO's short term assets (NZ$119.9M) exceed its short term liabilities (NZ$8.0M).

Long Term Liabilities: NZO's short term assets (NZ$119.9M) exceed its long term liabilities (NZ$29.7M).


Debt to Equity History and Analysis

Debt Level: NZO is debt free.

Reducing Debt: NZO has no debt compared to 5 years ago when its debt to equity ratio was 0.4%.


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: Whilst unprofitable NZO has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: NZO is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 9.6% per year.


Next Steps

Dividend

What is New Zealand Oil & Gas's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if NZO's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: NZO is not paying a notable dividend for the NZ market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of NZO's dividend in 3 years as they are not forecast to pay a notable one for the NZ market.


Next Steps

Management

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

4.0yrs

Average management tenure


CEO

Andrew Jefferies

4.08yrs

Tenure

NZ$794,232

Compensation

Mr. Andrew William Jefferies, BEng(Mech), MSc Pet.Eng., MBA, has been the Chief Executive Officer of New Zealand Oil & Gas Limited since December 2016 and its Director since December 21, 2017. He was appoi...


CEO Compensation Analysis

Compensation vs Market: Andrew's total compensation ($USD570.53K) is above average for companies of similar size in the NZ market ($USD232.93K).

Compensation vs Earnings: Andrew's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Andrew Jefferies
CEO, MD & Director4.08yrsNZ$794.23k0.027%
NZ$ 23.9k
Catherine McKelvey
Chief Financial Officer4yrsno data0.0046%
NZ$ 4.0k
Paris Bree
General Counsel3.75yrsno datano data

4.0yrs

Average Tenure

Experienced Management: NZO's management team is considered experienced (4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Andrew Jefferies
CEO, MD & Director4.08yrsNZ$794.23k0.027%
NZ$ 23.9k
Samuel Kellner
Chairman of the Board3.08yrsno datano data
Alastair McGregor
Director3.25yrsno datano data
Rod Ritchie
Independent Director7.25yrsNZ$92.39kno data
Rosalind Archer
Independent Director6.17yrsNZ$92.39kno data
Marco Argentieri
Director2.5yrsno datano data

3.2yrs

Average Tenure

Experienced Board: NZO's board of directors are considered experienced (3.2 years average tenure).


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

New Zealand Oil & Gas Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: New Zealand Oil & Gas Limited
  • Ticker: NZO
  • Exchange: NZSE
  • Founded: 1981
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: NZ$87.185m
  • Shares outstanding: 164.50m
  • Website: https://www.nzog.com

Location

  • New Zealand Oil & Gas Limited
  • 36 Tennyson Street
  • Level 1
  • Wellington
  • 6011
  • New Zealand

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NZONZSE (New Zealand Stock Exchange)YesOrdinary SharesNZNZDJan 1992
NZEO.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
NZEO.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDOct 2008

Biography

New Zealand Oil & Gas Limited engages in the production, exploration, evaluation, and appraisal of oil and gas properties. It operates through Kupe Oil and Gas Field (Kupe), Oil & Gas Exploration, and Cue ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/26 06:02
End of Day Share Price2021/01/26 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


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.