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NZO

New Zealand Oil & Gas NZSE:NZO Stock Report

Last Price

NZ$0.43

Market Cap

NZ$97.4m

7D

-1.1%

1Y

1.2%

Updated

28 Sep, 2022

Data

Company Financials
NZO fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance2/6
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

Price History & Performance

Summary of all time highs, changes and price drops for New Zealand Oil & Gas
Historical stock prices
Current Share PriceNZ$0.43
52 Week HighNZ$0.59
52 Week LowNZ$0.41
Beta0.42
1 Month Change4.82%
3 Month Change-1.14%
1 Year Change1.16%
3 Year Change-29.84%
5 Year Change-41.61%
Change since IPO-55.95%

Recent News & Updates

Shareholder Returns

NZONZ Oil and GasNZ Market
7D-1.1%-6.9%-2.5%
1Y1.2%17.2%-17.6%

Return vs Industry: NZO underperformed the NZ Oil and Gas industry which returned 17.2% over the past year.

Return vs Market: NZO exceeded the NZ Market which returned -17.6% over the past year.

Price Volatility

Is NZO's price volatile compared to industry and market?
NZO volatility
NZO Average Weekly Movement6.4%
Oil and Gas Industry Average Movement11.5%
Market Average Movement3.9%
10% most volatile stocks in NZ Market7.7%
10% least volatile stocks in NZ Market2.8%

Stable Share Price: NZO is more volatile than 75% of NZ stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: NZO's weekly volatility (6%) has been stable over the past year, but is still higher than 75% of NZ stocks.

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$97.45m
Earnings (TTM)NZ$17.16m
Revenue (TTM)NZ$83.81m

5.7x

P/E Ratio

1.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NZO income statement (TTM)
RevenueNZ$83.81m
Cost of RevenueNZ$38.25m
Gross ProfitNZ$45.56m
Other ExpensesNZ$28.40m
EarningsNZ$17.16m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.077
Gross Margin54.36%
Net Profit Margin20.47%
Debt/Equity Ratio0%

How did NZO perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is NZO undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NZO?

Other financial metrics that can be useful for relative valuation.

NZO key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.6x
Enterprise Value/EBITDA1.2x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does NZO's PE Ratio compare to its peers?

NZO PE Ratio vs Peers
The above table shows the PE ratio for NZO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average5.3x
ECTM ECA Marcellus Trust I
5.2xn/aUS$44.4m
CNG CNG Vietnam
9xn/a₫994.9b
WEN Wentworth Resources
5xn/aUK£41.6m
FORZ Forza Petroleum
1.9xn/aCA$99.4m
NZO New Zealand Oil & Gas
5.7xn/aNZ$97.4m

Price-To-Earnings vs Peers: NZO is expensive based on its Price-To-Earnings Ratio (5.7x) compared to the peer average (5.3x).


Price to Earnings Ratio vs Industry

How does NZO's PE Ratio compare vs other companies in the Oceanian Oil and Gas Industry?

Price-To-Earnings vs Industry: NZO is good value based on its Price-To-Earnings Ratio (5.7x) compared to the Oceanic Oil and Gas industry average (6.5x)


Price to Earnings Ratio vs Fair Ratio

What is NZO's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NZO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.7x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate NZO's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of NZO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate NZO's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate NZO's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-9.7%

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.


Discover growth companies

  • Examine New Zealand Oil & Gas's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • New Zealand Oil & Gas competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

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

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


14.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: NZO has a high level of non-cash earnings.

Growing Profit Margin: NZO became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: NZO has become profitable over the past 5 years, growing earnings by 14.3% per year.

Accelerating Growth: NZO has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: NZO has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (533.8%).


Return on Equity

High ROE: NZO's Return on Equity (15.8%) is considered low.


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Financial Health

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

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: NZO's short term assets (NZ$82.1M) exceed its short term liabilities (NZ$48.5M).

Long Term Liabilities: NZO's short term assets (NZ$82.1M) exceed its long term liabilities (NZ$71.5M).


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 0.8%.

Debt Coverage: NZO has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: NZO has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

New Zealand Oil & Gas Dividend Yield vs Market
How does New Zealand Oil & Gas dividend yield compare to the market?
SegmentDividend Yield
Company (New Zealand Oil & Gas)0%
Market Bottom 25% (NZ)2.9%
Market Top 25% (NZ)6.1%
Industry Average (Oil and Gas)8.3%
Analyst forecast in 3 Years (New Zealand Oil & Gas)n/a

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.


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as NZO has not reported any payouts.


Discover strong dividend paying companies

Management

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

5.7yrs

Average management tenure


CEO

Andrew Jefferies

4.75yrs

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

Andrew Jefferies's Compensation vs New Zealand Oil & Gas Earnings
How has Andrew Jefferies's remuneration changed compared to New Zealand Oil & Gas's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

NZ$17m

Mar 31 2022n/an/a

NZ$13m

Dec 31 2021n/an/a

NZ$9m

Sep 30 2021n/an/a

-NZ$14m

Jun 30 2021NZ$836kNZ$593k

-NZ$36m

Mar 31 2021n/an/a

-NZ$35m

Dec 31 2020n/an/a

-NZ$33m

Sep 30 2020n/an/a

-NZ$17m

Jun 30 2020NZ$794kNZ$584k

-NZ$1m

Mar 31 2020n/an/a

-NZ$2m

Dec 31 2019n/an/a

-NZ$2m

Sep 30 2019n/an/a

-NZ$5m

Jun 30 2019NZ$848kNZ$587k

-NZ$7m

Mar 31 2019n/an/a

-NZ$6m

Dec 31 2018n/an/a

-NZ$4m

Sep 30 2018n/an/a

-NZ$2m

Jun 30 2018NZ$899kNZ$573k

NZ$762k

Compensation vs Market: Andrew's total compensation ($USD472.17K) is above average for companies of similar size in the NZ market ($USD307.36K).

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


Leadership Team

Experienced Management: NZO's management team is seasoned and experienced (5.7 years average tenure).


Board Members

Experienced Board: NZO's board of directors are considered experienced (4.8 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

What is the ownership structure of NZO?
Owner TypeNumber of SharesOwnership Percentage
Institutions3,149,9361.4%
Individual Insiders5,737,2382.6%
General Public51,786,06023.1%
Private Companies163,345,96472.9%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 36.2%.


Top Shareholders

Top 16 shareholders own 76.88% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
71.68%
O. G. Oil & Gas Limited
160,583,035NZ$69.9m39.79%no data
1.41%
Accident Compensation Corporation, Asset Management Arm
3,149,936NZ$1.4m0%0.03%
0.96%
Sik-On Chow
2,140,000NZ$930.9k0%no data
0.67%
Riuo Hauraki Limited
1,500,000NZ$652.5k0%no data
0.38%
Ruihui Zhang
845,000NZ$367.6k0%no data
0.32%
Amalgamated Dairies Ltd.
706,334NZ$307.3k0%no data
0.25%
Richard Lees
564,000NZ$245.3k0%no data
0.25%
Aotearoa Rental Enterprises Limited
556,595NZ$242.1k0%no data
0.23%
Murray Denholm
515,500NZ$224.2k0%no data
0.17%
Antony Radford
392,000NZ$170.5k0%no data
0.15%
Daniel Leeman
340,524NZ$148.1k0%no data
0.15%
Sheng-Fei Wang
340,000NZ$147.9k0%no data
0.12%
Yu-Ching Lin-Chao
270,000NZ$117.5k0%no data
0.12%
Chin-Yi Lin
270,000NZ$117.5k0%no data
0.022%
Andrew Jefferies
50,000NZ$21.8k100%no data
0.0046%
Catherine McKelvey
10,214NZ$4.4k36.19%no data

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$97.448m
  • Shares outstanding: 224.02m
  • 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
NZOASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJan 1992
NZONZSE (New Zealand Stock Exchange)YesOrdinary SharesNZNZDJan 1992
NZEO.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/28 00:00
End of Day Share Price2022/09/28 00:00
Earnings2022/06/30
Annual Earnings2022/06/30


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.