PXP Energy (PSE:PXP) - Share price, News & Analysis

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

PXP (₱5.38) is trading above our estimate of [[fair value]] (₱0.92)

PXP fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	0/6
Financial Health	6/6
Dividends	0/6

PXP Stock Overview

PXP Energy Corporation, an upstream oil and gas company, engages in the exploration and production of crude oil and natural gas in the Philippines.

Risk Analysis

Earnings have declined by 75.7% per year over past 5 years

Volatile share price over the past 3 months

Does not have meaningful revenue (₱83M)

PXP Energy Competitors

ENEX Energy

PSE:ACEX

₱2.9b

PetroEnergy Resources

PSE:PERC

₱2.8b

Oriental Petroleum and Minerals

PSE:OPMB

₱2.3b

Philodrill

PSE:OV

₱1.7b

Price History & Performance

Summary of all time highs, changes and price drops for PXP Energy
Historical stock prices
Current Share Price	₱5.38
52 Week High	₱8.19
52 Week Low	₱3.99
Beta	0.092
1 Month Change	10.02%
3 Month Change	-3.41%
1 Year Change	-33.25%
3 Year Change	-26.80%
5 Year Change	78.74%
Change since IPO	-37.44%

Shareholder Returns

	PXP	PH Oil and Gas	PH Market
7D	28.1%	5.4%	0.03%
1Y	-33.3%	31.7%	-10.0%

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

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

Price Volatility

Is PXP's price volatile compared to industry and market?
PXP volatility
PXP Average Weekly Movement	8.1%
Oil and Gas Industry Average Movement	6.0%
Market Average Movement	5.4%
10% most volatile stocks in PH Market	10.5%
10% least volatile stocks in PH Market	3.1%

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

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

About the Company

Founded	Employees	CEO	Website
2007	n/a	Dan Carlos	https://www.pxpenergy.com.ph

PXP Energy Corporation, an upstream oil and gas company, engages in the exploration and production of crude oil and natural gas in the Philippines. It holds interests in various petroleum service contracts. The company was formerly known as Philex Petroleum Corporation and changed its name to PXP Energy Corporation in March 2016.

PXP Energy Fundamentals Summary

How do PXP Energy's earnings and revenue compare to its market cap?
PXP fundamental statistics
Market Cap	₱10.54b
Earnings (TTM)	-₱1.71b
Revenue (TTM)	₱83.01m

127.1x

P/S Ratio

-6.2x

P/E Ratio

Is PXP overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
PXP income statement (TTM)
Revenue	₱83.01m
Cost of Revenue	₱50.20m
Gross Profit	₱32.81m
Other Expenses	₱1.75b
Earnings	-₱1.71b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	-0.87
Gross Margin	39.52%
Net Profit Margin	-2,063.35%
Debt/Equity Ratio	2.3%

How did PXP perform over the long term?

See historical performance and comparison

We’ve recently updated our valuation analysis.

Valuation

Is PXP 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-Book vs Peers
Price-To-Book vs Industry
Price-To-Book 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 PXP?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for PXP. This is calculated by dividing PXP's market cap by their current preferred multiple.
What is PXP's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	₱10.54b

PXP 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/Revenue	134.4x
Enterprise Value/EBITDA	-6.9x
PEG Ratio	n/a

Price to Book Ratio vs Peers

How does PXP's PB Ratio compare to its peers?

PXP PB Ratio vs Peers

The above table shows the PB ratio for PXP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PB	Estimated Growth	Market Cap
Peer Average	458.5x
ACEX ENEX Energy	1832.5x	n/a	₱2.9b
PERC PetroEnergy Resources	0.5x	n/a	₱2.8b
OPMB Oriental Petroleum and Minerals	0.5x	n/a	₱2.3b
OV Philodrill	0.6x	n/a	₱1.7b
PXP PXP Energy	6.3x	n/a	₱10.5b

Price-To-Book vs Peers: PXP is good value based on its Price-To-Book Ratio (6.3x) compared to the peer average (458.5x).

Price to Earnings Ratio vs Industry

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

Price-To-Book vs Industry: PXP is expensive based on its Price-To-Book Ratio (6.3x) compared to the PH Oil and Gas industry average (0.7x)

Price to Book Ratio vs Fair Ratio

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

PXP PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio	6.3x
Fair PB Ratio	n/a

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

Share Price vs Fair Value

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

Below Fair Value: PXP (₱5.38) is trading above our estimate of fair value (₱0.92)

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

Price to Earnings Growth Ratio

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

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Future Growth

How is PXP 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 PXP 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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Examine PXP Energy'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.

Past Performance

How has PXP Energy performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-75.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PXP is currently unprofitable.

Growing Profit Margin: PXP is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: PXP is unprofitable, and losses have increased over the past 5 years at a rate of 75.7% per year.

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

Earnings vs Industry: PXP is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (35.5%).

Return on Equity

High ROE: PXP has a negative Return on Equity (-117.1%), as it is currently unprofitable.

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Financial Health

How is PXP Energy's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: PXP's short term assets (₱518.2M) exceed its short term liabilities (₱159.9M).

Long Term Liabilities: PXP's short term assets (₱518.2M) exceed its long term liabilities (₱418.6M).

Debt to Equity History and Analysis

Debt Level: PXP has more cash than its total debt.

Reducing Debt: PXP's debt to equity ratio has reduced from 94.3% to 2.3% over the past 5 years.

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 PXP has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: PXP is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 40.8% per year.

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Dividend

What is PXP 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 PXP's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

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

Growing Dividend: Insufficient data to determine if PXP'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 PXP has not reported any payouts.

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Management

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

5.2yrs

Average management tenure

CEO

Dan Carlos (58 yo)

6.92yrs

Tenure

Mr. Daniel Stephen P. Carlos, also known as Dan, has been President, Chief Executive Officer and Director at FEC Resources Inc. since October 30, 2020. Mr. Carlos has been President at PXP Energy Corporati...

Leadership Team

Experienced Management: PXP's management team is seasoned and experienced (5.2 years average tenure).

Board Members

Experienced Board: PXP's board of directors are considered experienced (9.3 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.

Data	Last Updated (UTC time)
Company Analysis	2022/07/02 00:00
End of Day Share Price	2022/07/01 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31