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BSC

Basic Energy PSE:BSC Stock Report

Last Price

₱0.40

Market Cap

₱5.8b

7D

8.2%

1Y

-50.6%

Updated

02 Jul, 2022

Data

Company Financials
BSC fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance2/6
Financial Health3/6
Dividends0/6

BSC Stock Overview

Basic Energy Corporation, an investment holding company, engages in the exploration and development of oil and gas properties in the Philippines.

Basic Energy Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Basic Energy
Historical stock prices
Current Share Price₱0.40
52 Week High₱0.80
52 Week Low₱0.34
Beta1.63
1 Month Change-13.19%
3 Month Change-4.82%
1 Year Change-50.63%
3 Year Change51.92%
5 Year Change46.30%
Change since IPO-81.19%

Recent News & Updates

Shareholder Returns

BSCPH Oil and GasPH Market
7D8.2%5.4%0.03%
1Y-50.6%31.7%-10.0%

Return vs Industry: BSC underperformed the PH Oil and Gas industry which returned 31.7% over the past year.

Return vs Market: BSC underperformed the PH Market which returned -10% over the past year.

Price Volatility

Is BSC's price volatile compared to industry and market?
BSC volatility
BSC Average Weekly Movement8.3%
Oil and Gas Industry Average Movement6.0%
Market Average Movement5.4%
10% most volatile stocks in PH Market10.5%
10% least volatile stocks in PH Market3.1%

Stable Share Price: BSC is more volatile than 75% of PH stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: BSC's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of PH stocks.

About the Company

FoundedEmployeesCEOWebsite
196815Oscar de Veneciahttps://www.basicenergy.ph

Basic Energy Corporation, an investment holding company, engages in the exploration and development of oil and gas properties in the Philippines. It is involved in the exploration and development activities in the areas covered under Service Contracts 47 and 53 in offshore and onshore Mindoro province; exploration, development, and production of geothermal project; development of a wind energy project; and development of biofuels and renewable energy. The company also provides information technology management services; acts as service integrator; develops and maintains computer software; hold and invest in real properties; and fuel terminalling and storage services.

Basic Energy Fundamentals Summary

How do Basic Energy's earnings and revenue compare to its market cap?
BSC fundamental statistics
Market Cap₱5.79b
Earnings (TTM)₱191.31m
Revenue (TTM)₱21.81b

30.3x

P/E Ratio

0.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BSC income statement (TTM)
Revenue₱21.81b
Cost of Revenue₱21.22b
Gross Profit₱597.98m
Other Expenses₱406.68m
Earnings₱191.31m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.013
Gross Margin2.74%
Net Profit Margin0.88%
Debt/Equity Ratio173.2%

How did BSC perform over the long term?

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

Valuation

Is BSC 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

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

BSC 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/Revenue1.1x
Enterprise Value/EBITDA35x
PEG Ration/a

Price to Earnings Ratio vs Peers

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

BSC PE Ratio vs Peers
The above table shows the PE ratio for BSC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average57.6x
PERC PetroEnergy Resources
7xn/a₱2.8b
OV Philodrill
51.8xn/a₱1.7b
ZPHR Zephyr Energy
96.9xn/aUK£67.9m
FPI Forum Pacific
74.8xn/a₱243.7m
BSC Basic Energy
30.3xn/a₱5.8b

Price-To-Earnings vs Peers: BSC is good value based on its Price-To-Earnings Ratio (30.3x) compared to the peer average (57.6x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: BSC is expensive based on its Price-To-Earnings Ratio (30.3x) compared to the PH Oil and Gas industry average (8.8x)


Price to Earnings Ratio vs Fair Ratio

What is BSC'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.

BSC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio30.3x
Fair PE Ration/a

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


Share Price vs Fair Value

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

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

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


Price to Earnings Growth Ratio

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


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Future Growth

How is Basic Energy 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


-3.0%

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 Basic Energy 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.


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  • Take a look at our analysis of BSC’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.

Past Performance

How has Basic Energy 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


16.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BSC has a large one-off gain of ₱161.4M impacting its March 31 2022 financial results.

Growing Profit Margin: BSC became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: BSC has become profitable over the past 5 years, growing earnings by 16.5% per year.

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

Earnings vs Industry: BSC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (35.5%).


Return on Equity

High ROE: BSC's Return on Equity (3.2%) is considered low.


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Financial Health

How is Basic Energy's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: BSC's short term assets (₱25.4B) exceed its short term liabilities (₱21.6B).

Long Term Liabilities: BSC's short term assets (₱25.4B) exceed its long term liabilities (₱1.4B).


Debt to Equity History and Analysis

Debt Level: BSC's net debt to equity ratio (149.6%) is considered high.

Reducing Debt: Insufficient data to determine if BSC's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: BSC's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: BSC's interest payments on its debt are well covered by EBIT (5.5x coverage).


Balance Sheet


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Dividend

What is Basic Energy 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

  • Future Dividend Coverage

Dividend Yield vs Market

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

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

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


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

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


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Management

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

8.5yrs

Average management tenure


CEO

Oscar de Venecia (54 yo)

19.5yrs

Tenure

Mr. Oscar L. De Venecia, Jr. has been Chief Executive Officer and President of Basic Energy Corp. (formerly, Basic Energy Corporation) since August 31, 2011 and July 2007 respectively. Mr. De Venecia serve...


Leadership Team

Experienced Management: BSC's management team is seasoned and experienced (8.5 years average tenure).


Board Members

Experienced Board: BSC's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: BSC insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 215.6%.


Top Shareholders

Company Information

Basic Energy Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Basic Energy Corporation
  • Ticker: BSC
  • Exchange: PSE
  • Founded: 1968
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Implied Market Cap: ₱5.787b
  • Shares outstanding: 14.65b
  • Website: https://www.basicenergy.ph

Number of Employees


Location

  • Basic Energy Corporation
  • UB 111 Paseo de Roxas Building
  • Paseo de Roxas Avenue
  • Makati City
  • 1229
  • Philippines

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/02 00:00
End of Day Share Price2022/07/01 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.