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NZO

New Zealand Oil & GasNZSE:NZO Stock Report

Last Price

NZ$0.49

Market Cap

NZ$80.6m

7D

5.4%

1Y

-6.7%

Updated

22 Jan, 2022

Data

Company Financials
NZO fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

NZO Stock Overview

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

New Zealand Oil & Gas Competitors

Woodside Petroleum

ASX:WPL

AU$24.5b

Santos

ASX:STO

AU$23.9b

Oil Search

ASX:OSH

AU$8.4b

Petro Rio

BOVESPA:PRIO3

R$19.8b

Price History & Performance

Summary of all time highs, changes and price drops for New Zealand Oil & Gas
Historical stock prices
Current Share PriceNZ$0.49
52 Week HighNZ$0.59
52 Week LowNZ$0.40
Beta0.60
1 Month Change2.08%
3 Month Change-9.26%
1 Year Change-6.67%
3 Year Change-2.97%
5 Year Change-22.84%
Change since IPO-50.38%

Recent News & Updates

Oct 27
Shareholders May Be Wary Of Increasing New Zealand Oil & Gas Limited's (NZSE:NZO) CEO Compensation Package

Shareholders May Be Wary Of Increasing New Zealand Oil & Gas Limited's (NZSE:NZO) CEO Compensation Package

The results at New Zealand Oil & Gas Limited ( NZSE:NZO ) have been quite disappointing recently and CEO Andrew...

Shareholder Returns

NZONZ Oil and GasNZ Market
7D5.4%-1.1%-3.1%
1Y-6.7%5.1%-11.4%

Return vs Industry: NZO underperformed the NZ Oil and Gas industry which returned 5.1% over the past year.

Return vs Market: NZO exceeded the NZ Market which returned -11.4% over the past year.

Price Volatility

Is NZO's price volatile compared to industry and market?
NZO volatility
NZO Average Weekly Movement4.6%
Oil and Gas Industry Average Movement10.5%
Market Average Movement3.8%
10% most volatile stocks in NZ Market6.5%
10% least volatile stocks in NZ Market2.4%

Stable Share Price: NZO is not significantly more volatile than the rest of NZ stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: NZO's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1981n/aAndrew Jefferieshttps://www.nzog.com

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 Energy Resources Limited segments. The company develops, produces, and sells natural gas, liquefied petroleum gas, and condensate.

New Zealand Oil & Gas Fundamentals Summary

How do New Zealand Oil & Gas's earnings and revenue compare to its market cap?
NZO fundamental statistics
Market CapNZ$80.60m
Earnings (TTM)-NZ$36.43m
Revenue (TTM)NZ$36.01m

2.2x

P/S Ratio

-2.2x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NZO income statement (TTM)
RevenueNZ$36.01m
Cost of RevenueNZ$16.87m
Gross ProfitNZ$19.14m
ExpensesNZ$55.58m
Earnings-NZ$36.43m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.22
Gross Margin53.16%
Net Profit Margin-101.19%
Debt/Equity Ratio0%

How did NZO perform over the long term?

See historical performance and comparison

Valuation

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

0.81x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate NZO's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate NZO's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: NZO is unprofitable, so we can't compare its PE Ratio to the Oceanic 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 (0.8x) compared to the XO Oil and Gas industry average (2.4x).


Future Growth

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

14.4%

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.


Past Performance

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

-22.9%

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, and losses have increased over the past 5 years at a rate of 22.9% 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 (-50.5%).


Return on Equity

High ROE: NZO has a negative Return on Equity (-41.64%), as it is currently unprofitable.


Financial Health

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


Financial Position Analysis

Short Term Liabilities: NZO's short term assets (NZ$81.2M) exceed its short term liabilities (NZ$9.7M).

Long Term Liabilities: NZO's short term assets (NZ$81.2M) exceed its long term liabilities (NZ$29.8M).


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 0.5%.


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

Forecast Cash Runway: NZO has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 22.4% each year


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?

5.0yrs

Average management tenure


CEO

Andrew Jefferies

5.08yrs

Tenure

NZ$836,073

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 ($USD562.60K) is above average for companies of similar size in the NZ market ($USD370.35K).

Compensation vs Earnings: Andrew's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: NZO's management team is seasoned and experienced (5 years average tenure).


Board Members

Experienced Board: NZO's board of directors are considered experienced (4.2 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.


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 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
  • Implied Market Cap: NZ$80.605m
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/22 06:01
End of Day Share Price2022/01/21 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.