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OGDC

Oil and Gas Development KASE:OGDC Stock Report

Last Price

PK₨78.84

Market Cap

PK₨339.1b

7D

-3.2%

1Y

-12.4%

Updated

22 May, 2022

Data

Company Financials +
OGDC fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends2/6

OGDC Stock Overview

Oil and Gas Development Company Limited explores for, develops, produces, and sells oil and gas in Pakistan.

Oil and Gas Development Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Oil and Gas Development
Historical stock prices
Current Share PricePK₨78.84
52 Week HighPK₨103.90
52 Week LowPK₨77.25
Beta1.09
1 Month Change-7.73%
3 Month Change-12.59%
1 Year Change-12.39%
3 Year Change-43.11%
5 Year Change-57.10%
Change since IPO51.47%

Recent News & Updates

Shareholder Returns

OGDCPK Oil and GasPK Market
7D-3.2%-2.9%-0.8%
1Y-12.4%-15.5%-12.1%

Return vs Industry: OGDC exceeded the PK Oil and Gas industry which returned -15.5% over the past year.

Return vs Market: OGDC matched the PK Market which returned -12.1% over the past year.

Price Volatility

Is OGDC's price volatile compared to industry and market?
OGDC volatility
OGDC Average Weekly Movement4.5%
Oil and Gas Industry Average Movement4.9%
Market Average Movement5.8%
10% most volatile stocks in PK Market9.2%
10% least volatile stocks in PK Market3.5%

Stable Share Price: OGDC is not significantly more volatile than the rest of PK stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: OGDC's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
196110,440Sayed Siraj Subhanihttps://www.ogdcl.com

Oil and Gas Development Company Limited explores for, develops, produces, and sells oil and gas in Pakistan. The company produces crude oil, gas, liquefied petroleum gas, and sulphur. As of June 30, 2021, its recoverable 3P reserves were 121 million barrels of oil and 7,838 billion cubic feet of gas.

Oil and Gas Development Fundamentals Summary

How do Oil and Gas Development's earnings and revenue compare to its market cap?
OGDC fundamental statistics
Market CapPK₨339.09b
Earnings (TTM)PK₨137.23b
Revenue (TTM)PK₨302.99b

2.5x

P/E Ratio

1.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
OGDC income statement (TTM)
RevenuePK₨302.99b
Cost of RevenuePK₨107.18b
Gross ProfitPK₨195.81b
Other ExpensesPK₨58.58b
EarningsPK₨137.23b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)31.91
Gross Margin64.63%
Net Profit Margin45.29%
Debt/Equity Ratio0.0%

How did OGDC perform over the long term?

See historical performance and comparison

Dividends

8.8%

Current Dividend Yield

20%

Payout Ratio

Valuation

Is Oil and Gas Development undervalued compared to its fair value and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


32.8%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: OGDC (PKR78.84) is trading below our estimate of fair value (PKR117.28)

Significantly Below Fair Value: OGDC is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: OGDC is good value based on its PE Ratio (2.5x) compared to the PK Oil and Gas industry average (3.2x).

PE vs Market: OGDC is good value based on its PE Ratio (2.5x) compared to the PK market (5.7x).


Price to Earnings Growth Ratio

PEG Ratio: OGDC's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: OGDC is good value based on its PB Ratio (0.4x) compared to the PK Oil and Gas industry average (0.9x).


Future Growth

How is Oil and Gas Development forecast to perform in the next 1 to 3 years based on estimates from 5 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


-14.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: OGDC's earnings are forecast to decline over the next 3 years (-14.7% per year).

Earnings vs Market: OGDC's earnings are forecast to decline over the next 3 years (-14.7% per year).

High Growth Earnings: OGDC's earnings are forecast to decline over the next 3 years.

Revenue vs Market: OGDC's revenue is expected to decline over the next 3 years (-11.3% per year).

High Growth Revenue: OGDC's revenue is forecast to decline over the next 3 years (-11.3% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: OGDC's Return on Equity is forecast to be low in 3 years time (10.9%).


Past Performance

How has Oil and Gas Development performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


10.0%

Historical annual earnings growth

Earnings and Revenue History

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

Growing Profit Margin: OGDC's current net profit margins (45.3%) are higher than last year (38.3%).


Past Earnings Growth Analysis

Earnings Trend: OGDC's earnings have grown by 10% per year over the past 5 years.

Accelerating Growth: OGDC's earnings growth over the past year (63.1%) exceeds its 5-year average (10% per year).

Earnings vs Industry: OGDC earnings growth over the past year (63.1%) exceeded the Oil and Gas industry 39.9%.


Return on Equity

High ROE: OGDC's Return on Equity (16%) is considered low.


Financial Health

How is Oil and Gas Development'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: OGDC's short term assets (PKR766.0B) exceed its short term liabilities (PKR118.9B).

Long Term Liabilities: OGDC's short term assets (PKR766.0B) exceed its long term liabilities (PKR88.3B).


Debt to Equity History and Analysis

Debt Level: OGDC is debt free.

Reducing Debt: OGDC has not had any debt for past 5 years.

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

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


Balance Sheet


Dividend

What is Oil and Gas Development current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


8.75%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: OGDC's dividend (8.75%) is higher than the bottom 25% of dividend payers in the PK market (3.71%).

High Dividend: OGDC's dividend (8.75%) is low compared to the top 25% of dividend payers in the PK market (10.85%).


Stability and Growth of Payments

Stable Dividend: OGDC's dividend payments have been volatile in the past 10 years.

Growing Dividend: OGDC's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (19.6%), OGDC's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (1839.6%), OGDC's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

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

2.3yrs

Average management tenure


CEO

Sayed Siraj Subhani

0.58

Tenure

PK₨875,000

Compensation

Mr. Sayed Khalid Siraj Subhani is Managing Director and Chief Executive Officer of Oil and Gas Development Company Limited from October 20, 2021. He is Director of Oil and Gas Development Company Limited f...


Leadership Team

Experienced Management: OGDC's management team is considered experienced (2.3 years average tenure).


Board Members

Experienced Board: OGDC's board of directors are not considered experienced ( 1.2 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: 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

Oil and Gas Development Company Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Oil and Gas Development Company Limited
  • Ticker: OGDC
  • Exchange: KASE
  • Founded: 1961
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Implied Market Cap: PK₨339.085b
  • Shares outstanding: 4.30b
  • Website: https://www.ogdcl.com

Number of Employees


Location

  • Oil and Gas Development Company Limited
  • OGDCL House
  • Plot No. 3, F-6/G-6,
  • Islamabad
  • 44000
  • Pakistan

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/22 00:00
End of Day Share Price2022/05/20 00:00
Earnings2022/03/31
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.