Basic Energy Past Earnings Performance

Past criteria checks 1/6

Basic Energy has been growing earnings at an average annual rate of 33.2%, while the Oil and Gas industry saw earnings growing at 22.4% annually. Revenues have been growing at an average rate of 75.8% per year. Basic Energy's return on equity is 1.3%, and it has net margins of 0.07%.

Key information

33.2%

Earnings growth rate

41.8%

EPS growth rate

Oil and Gas Industry Growth	8.9%
Revenue growth rate	75.8%
Return on equity	1.3%
Net Margin	0.07%
Last Earnings Update	31 Dec 2023

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown
Beta

How Basic Energy makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

PSE:BSC Revenue, expenses and earnings (PHP Millions)
Date	Revenue	Earnings	G+A Expenses
31 Dec 23	64,074	43	752
30 Sep 23	68,072	-206	946
30 Jun 23	70,923	13	823
31 Mar 23	74,016	-3	698
31 Dec 22	74,636	95	680
30 Sep 22	59,823	387	656
30 Jun 22	40,478	216	439
31 Mar 22	21,813	189	361
31 Dec 21	3,746	81	101
30 Sep 21	-1	-45	58
30 Jun 21	-1	-75	50
31 Mar 21	-2	-44	45
31 Dec 20	0	-63	42
30 Sep 20	3	-222	63
30 Jun 20	3	-187	65
31 Mar 20	7	-231	71
31 Dec 19	7	-198	68
30 Sep 19	26	-7	48
30 Jun 19	26	-16	49
31 Mar 19	24	-11	53
31 Dec 18	19	-25	56
30 Sep 18	4	-83	60
30 Jun 18	6	-78	61
31 Mar 18	7	-63	56
31 Dec 17	9	-58	55
30 Sep 17	9	-100	55
30 Jun 17	9	-83	54
31 Mar 17	9	-76	53
31 Dec 16	9	-76	52
30 Sep 16	9	-17	52
30 Jun 16	11	-31	50
31 Mar 16	11	-36	48
31 Dec 15	57	5	48
30 Sep 15	72	26	39
30 Jun 15	74	33	42
31 Mar 15	77	33	45
31 Dec 14	37	-4	52
30 Sep 14	24	-32	54
30 Jun 14	23	-33	50
31 Mar 14	22	-22	52
31 Dec 13	31	-23	44
30 Sep 13	23	49	47
30 Jun 13	23	46	46

Quality Earnings: BSC has a large one-off gain of ₱73.1M impacting its last 12 months of financial results to 31st December, 2023.

Growing Profit Margin: BSC's current net profit margins (0.07%) are lower than last year (0.1%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: BSC has become profitable over the past 5 years, growing earnings by 33.2% per year.

Accelerating Growth: BSC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BSC had negative earnings growth (-54.9%) over the past year, making it difficult to compare to the Oil and Gas industry average (-15.6%).

Basic Energy Past Earnings Performance

Past criteria checks 1/6

Key information

Recent past performance updates

Full year 2023 earnings released: EPS: ₱0.003 (vs ₱0.007 in FY 2022)

Third quarter 2023 earnings released

Second quarter 2023 earnings released: EPS: ₱0.004 (vs ₱0.002 in 2Q 2022)

First quarter 2023 earnings released: EPS: ₱0 (vs ₱0.007 in 1Q 2022)

Third quarter 2021 earnings released: ₱0.002 loss per share (vs ₱0.015 loss in 3Q 2020)

First half earnings released

Recent updates

New minor risk - Earnings quality

Full year 2023 earnings released: EPS: ₱0.003 (vs ₱0.007 in FY 2022)

Basic Energy Corporation, Annual General Meeting, Jul 24, 2024

Director recently sold ₱57k worth of stock

Director recently sold ₱68k worth of stock

New minor risk - Share price stability

Basic Energy Corporation Appoints Gil Azanza Buenaventura as the Third Independent Director

CEO & Vice Chairman recently bought ₱50k worth of stock

Third quarter 2023 earnings released

Basic Energy Corporation Approves CEO Changes

Basic Energy Corporation Approves CEO Changes

Second quarter 2023 earnings released: EPS: ₱0.004 (vs ₱0.002 in 2Q 2022)

Director recently sold ₱249k worth of stock

Director recently sold ₱54k worth of stock

First quarter 2023 earnings released: EPS: ₱0 (vs ₱0.007 in 1Q 2022)

Director recently sold ₱1.0m worth of stock

Basic Energy Corporation, Annual General Meeting, Jul 12, 2023

Director recently sold ₱56k worth of stock

Basic Energy Corporation Announces Board Changes

Less than half of directors are independent

Basic Energy Announces Mabini Energy Corporation Commissions Met Mast Facility

CEO, President & Director recently sold ₱240k worth of stock

Insider recently sold ₱733k worth of stock

Third quarter 2021 earnings released: ₱0.002 loss per share (vs ₱0.015 loss in 3Q 2020)

Less than half of directors are independent

Basic Energy Corporation, Annual General Meeting, Jun 29, 2022

Executive Officer recently sold ₱6.6m worth of stock

Chairman of the Board recently sold ₱27m worth of stock

Insider recently sold ₱58k worth of stock

Insider recently sold ₱560k worth of stock

CEO, President & Director recently sold ₱315k worth of stock

CEO, President & Director recently sold ₱442k worth of stock

Less than half of directors are independent

Vice Chairman recently sold ₱434k worth of stock

CEO, President & Director recently sold ₱90k worth of stock

Non Executive Director recently sold ₱30m worth of stock

Basic Energy Corporation Announces Management Appointments

Insider recently sold ₱1.9m worth of stock

Basic Energy Corporation Approves Principal Terms of the Pro-Forma Wind Energy Service Contract (WESC) with the Department of Energy

CEO, President & Director recently sold ₱301k worth of stock

Independent Director recently sold ₱5.6m worth of stock

New 90-day high: ₱0.70

New 90-day high: ₱0.41

Basic Energy Corporation Approves the Appointment of Justice Andres S. Reyes, Jr as Independent Director

New 90-day high: ₱0.24

New 90-day high: ₱0.21

First half earnings released

Revenue & Expenses BreakdownBeta

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Return on Equity

Return on Assets

Return on Capital Employed

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Revenue & Expenses Breakdown
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