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Serinus Energy

WSE:SEN
Snowflake Description

Slightly overvalued with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SEN
WSE
PLN154M
Market Cap
  1. Home
  2. PL
  3. Energy
Company description

Serinus Energy plc, together with its subsidiaries, engages in the exploration and development of oil and gas properties. The last earnings update was 2 days ago. More info.


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SEN Share Price and Events
7 Day Returns
0%
WSE:SEN
4.4%
PL Oil and Gas
-0.9%
PL Market
1 Year Returns
-34.2%
WSE:SEN
6.4%
PL Oil and Gas
-7.4%
PL Market
SEN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Serinus Energy (SEN) 0% 10.3% -11.6% -34.2% -58.1% -90.7%
PL Oil and Gas 4.4% -8.6% -14% 6.4% 31.6% 48.8%
PL Market -0.9% -7.5% -6.6% -7.4% 9.6% -11.5%
1 Year Return vs Industry and Market
  • SEN underperformed the Oil and Gas industry which returned 6.4% over the past year.
  • SEN underperformed the Market in Poland which returned -7.4% over the past year.
Price Volatility
SEN
Industry
5yr Volatility vs Market

SEN Value

 Is Serinus Energy undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Serinus Energy to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Serinus Energy.

WSE:SEN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 10.8%
Perpetual Growth Rate 10-Year PL Government Bond Rate 2.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for WSE:SEN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year PL Govt Bond Rate 2.9%
Equity Risk Premium S&P Global 6%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.92
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.917 (1 + (1- 20%) (78.32%))
1.329
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.33
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.85% + (1.329 * 5.96%)
10.77%

Discounted Cash Flow Calculation for WSE:SEN using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Serinus Energy is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

WSE:SEN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.77%)
2019 11.00 Analyst x1 9.93
2020 12.00 Analyst x1 9.78
2021 10.00 Analyst x1 7.36
2022 7.00 Analyst x1 4.65
2023 7.00 Analyst x1 4.20
2024 6.08 Est @ -13.15% 3.29
2025 5.57 Est @ -8.35% 2.72
2026 5.29 Est @ -4.99% 2.33
2027 5.15 Est @ -2.64% 2.05
2028 5.10 Est @ -0.99% 1.83
Present value of next 10 years cash flows $48.15
WSE:SEN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $5.10 × (1 + 2.85%) ÷ (10.77% – 2.85%)
$66.24
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $66.24 ÷ (1 + 10.77%)10
$23.81
WSE:SEN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $48.15 + $23.81
$71.96
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $71.96 / 238.87
$0.3
WSE:SEN Discount to Share Price
Calculation Result
Exchange Rate USD/PLN
(Reporting currency to currency of WSE:SEN)
3.857
Value per Share
(PLN)
= Value per Share in USD x Exchange Rate (USD/PLN)
= $0.3 x 3.857
PLN1.16
Value per share (PLN) From above. PLN1.16
Current discount Discount to share price of PLN0.65
= -1 x (PLN0.65 - PLN1.16) / PLN1.16
44.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Serinus Energy is available for.
Intrinsic value
44%
Share price is PLN0.65 vs Future cash flow value of PLN1.16
Current Discount Checks
For Serinus Energy to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Serinus Energy's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Serinus Energy's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Serinus Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Serinus Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WSE:SEN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-0.04
WSE:SEN Share Price ** WSE (2019-05-17) in PLN PLN0.65
WSE:SEN Share Price converted to USD reporting currency Exchange rate (PLN/ USD) 0.259 $0.17
Poland Oil and Gas Industry PE Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 11.89x
Poland Market PE Ratio Median Figure of 462 Publicly-Listed Companies 10.69x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Serinus Energy.

WSE:SEN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= WSE:SEN Share Price ÷ EPS (both in USD)

= 0.17 ÷ -0.04

-4.58x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Serinus Energy is loss making, we can't compare its value to the PL Oil and Gas industry average.
  • Serinus Energy is loss making, we can't compare the value of its earnings to the Poland market.
Price based on expected Growth
Does Serinus Energy's expected growth come at a high price?
Raw Data
WSE:SEN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -4.58x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Poland Oil and Gas Industry PEG Ratio Median Figure of 5 Publicly-Listed Oil and Gas Companies 0.86x
Poland Market PEG Ratio Median Figure of 113 Publicly-Listed Companies 0.93x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Serinus Energy, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Serinus Energy's assets?
Raw Data
WSE:SEN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $0.06
WSE:SEN Share Price * WSE (2019-05-17) in PLN PLN0.65
WSE:SEN Share Price converted to USD reporting currency Exchange rate (PLN/ USD) 0.259 $0.17
Poland Oil and Gas Industry PB Ratio Median Figure of 9 Publicly-Listed Oil and Gas Companies 0.9x
Poland Market PB Ratio Median Figure of 688 Publicly-Listed Companies 0.97x
WSE:SEN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= WSE:SEN Share Price ÷ Book Value per Share (both in USD)

= 0.17 ÷ 0.06

2.78x

* Primary Listing of Serinus Energy.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Serinus Energy is overvalued based on assets compared to the PL Oil and Gas industry average.
X
Value checks
We assess Serinus Energy's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Serinus Energy has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

SEN Future Performance

 How is Serinus Energy expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Serinus 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
2.7%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Serinus Energy expected to grow at an attractive rate?
  • Unable to compare Serinus Energy's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Serinus Energy's earnings growth to the Poland market average as no estimate data is available.
  • Unable to compare Serinus Energy's revenue growth to the Poland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
WSE:SEN Future Growth Rates Data Sources
Data Point Source Value (per year)
Poland Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 2.7%
Poland Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.4%
Poland Market Earnings Growth Rate Market Cap Weighted Average 10%
Poland Market Revenue Growth Rate Market Cap Weighted Average 5.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
WSE:SEN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WSE:SEN Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 7
2022-12-31 7
2021-12-31 9
2020-12-31 12
2019-12-31 8
WSE:SEN Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 7 -2 -8
2018-12-31 8 -6 -5
2018-09-30 7 -7 -12
2018-06-30 5 -7 -18
2018-03-31 6 -5 -16
2017-12-31 6 -4 -19
2017-09-30 11 2 -24
2017-06-30 11 -3 -21
2017-03-31 11 -2 -25
2016-12-31 13 -1 -28
2016-09-30 11 -2 -28
2016-06-30 16 3 -56

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Serinus Energy is high growth as no earnings estimate data is available.
  • Unable to determine if Serinus Energy is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
WSE:SEN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Serinus Energy Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:SEN Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2019-12-31
WSE:SEN Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -0.04
2018-12-31 -0.03
2018-09-30 -0.07
2018-06-30 -0.12
2018-03-31 -0.10
2017-12-31 -0.13
2017-09-30 -0.19
2017-06-30 -0.21
2017-03-31 -0.30
2016-12-31 -0.36
2016-09-30 -0.36
2016-06-30 -0.71

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Serinus Energy will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of SEN’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.
  2. Serinus Energy's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Energy companies here
  3. Serinus Energy's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Serinus Energy's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Poland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Poland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Serinus Energy has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

SEN Past Performance

  How has Serinus Energy performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Serinus Energy's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Serinus Energy does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Serinus Energy's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Serinus Energy's 1-year growth to the PL Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Serinus Energy's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Serinus Energy Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:SEN Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 7.39 -8.22 4.31
2018-12-31 7.85 -4.89 4.24
2018-09-30 6.56 -11.87 3.75
2018-06-30 4.71 -18.34 3.62
2018-03-31 6.19 -15.69 3.70
2017-12-31 5.89 -18.79 3.70
2017-09-30 11.31 -23.53 3.96
2017-06-30 11.18 -21.46 4.68
2017-03-31 10.78 -25.48 5.62
2016-12-31 12.78 -28.24 6.01
2016-09-30 10.93 -28.04 6.91
2016-06-30 16.50 -55.94 7.20
2016-03-31 19.18 -53.56 6.96
2015-12-31 22.99 -53.46 7.76
2015-09-30 -33.75 -102.34 8.53
2015-06-30 -9.21 -65.68 10.79
2015-03-31 18.35 -58.71 12.28
2014-12-31 39.07 -52.30 13.30
2014-09-30 125.49 -68.95 14.73
2014-06-30 131.06 -64.59 13.70
2014-03-31 118.99 -69.11 12.94
2013-12-31 112.24 -68.68 13.39
2013-09-30 100.29 10.14 10.81
2013-06-30 85.32 -83.10 11.15
2013-03-31 83.74 -84.80 11.25
2012-12-31 80.12 -86.77 11.47
2012-09-30 69.66 -97.13 12.02
2012-06-30 57.77 -15.38 12.54

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Serinus Energy has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Serinus Energy has efficiently used its assets last year compared to the PL Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Serinus Energy improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Serinus Energy's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Serinus Energy has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

SEN Health

 How is Serinus Energy's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Serinus Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Serinus Energy's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Serinus Energy's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Serinus Energy's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Serinus Energy Company Filings, last reported 1 month ago.

WSE:SEN Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 14.04 31.29 3.19
2018-12-31 13.34 33.29 2.28
2018-09-30 15.60 32.34 4.57
2018-06-30 16.04 31.62 6.20
2018-03-31 5.87 30.81 3.47
2017-12-31 3.70 31.26 7.25
2017-09-30 13.15 30.75 13.45
2017-06-30 19.95 30.17 16.02
2017-03-31 19.75 29.48 19.14
2016-12-31 3.75 30.70 4.30
2016-09-30 18.12 30.01 2.64
2016-06-30 23.07 31.24 10.02
2016-03-31 27.06 33.96 13.44
2015-12-31 46.20 54.07 6.59
2015-09-30 64.92 53.44 10.47
2015-06-30 95.01 52.46 12.48
2015-03-31 91.45 51.38 22.82
2014-12-31 105.99 37.31 11.10
2014-09-30 156.01 33.43 27.15
2014-06-30 158.80 28.51 15.72
2014-03-31 154.43 30.22 14.76
2013-12-31 170.54 27.06 19.92
2013-09-30 249.51 17.57 20.63
2013-06-30 238.79 9.41 19.25
2013-03-31 124.91 21.98 19.73
2012-12-31 123.45 32.03 35.55
2012-09-30 121.94 26.10 26.25
2012-06-30 179.60 53.01 31.96
  • Serinus Energy's level of debt (222.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (19.5% vs 222.8% today).
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.

  • Serinus Energy has less than a year of cash runway based on current free cash flow.
  • Serinus Energy has less than a year of cash runway if free cash flow continues to grow at historical rates of 59.7% each year.
X
Financial health checks
We assess Serinus Energy's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Serinus Energy has a total score of 0/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

SEN Dividends

 What is Serinus Energy's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Serinus Energy dividends.
If you bought PLN2,000 of Serinus Energy shares you are expected to receive PLN0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Serinus Energy's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Serinus Energy's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
WSE:SEN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Poland Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 3.3%
Poland Market Average Dividend Yield Market Cap Weighted Average of 201 Stocks 4.1%
Poland Minimum Threshold Dividend Yield 10th Percentile 1.5%
Poland Bottom 25% Dividend Yield 25th Percentile 2.8%
Poland Top 25% Dividend Yield 75th Percentile 7.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

WSE:SEN Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Serinus Energy has not reported any payouts.
  • Unable to verify if Serinus Energy's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Serinus Energy's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Serinus Energy has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Serinus Energy's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Serinus Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Serinus Energy has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

SEN Management

 What is the CEO of Serinus Energy's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jeffrey Auld
COMPENSATION $648,430
AGE 51
TENURE AS CEO 2.7 years
CEO Bio

Mr. Jeffrey David Auld, MBA, BA (Econ), has been the Chief Executive Officer and President of Serinus Energy Inc. since September 1, 2016. Mr. Auld served as General Director of Serinus Energy Inc. until October 13, 2016. He has over 25 years of financial and commercial experience and extensive knowledge, of upstream oil and gas development and production. He served as the Chief Financial Officer of Equator Exploration Ltd. from August 15, 2006 to March 13, 2007. He served as Vice President of Investor Relations, Manager of Investor Relations for Europe and Treasurer at PetroKazakhstan Inc. He was employed by Goldman Sachs advising oil and gas companies on their strategic and financial opportunities and before that, he worked in a variety of financial and acquisition roles for Premier Oil plc. He began his career in the Canadian oil and gas industry. His career has involved periods working for exploration and production companies - Premier Oil, PetroKazakhstan and Equator Exploration; as well as periods spent in financial institutions - Goldman Sachs, Canaccord Adams and Macquarie. He served as a Non-Executive Director of Oilex Ltd., from January 27, 2015 to November 27, 2015. He has been Non-Independent Director of Serinus Energy Inc. since September 1, 2016. He has been an Independent Non Executive Director of Lansdowne Oil & Gas plc since September 2013. He served as an Executive Director of Equator Exploration Ltd. Mr. Auld has a Masters of Business Administration with Distinction from Imperial College, University of London and an undergraduate degree in Economics and Political Sciences from the University of Calgary.

CEO Compensation
  • Jeffrey's compensation has increased whilst company is loss making.
  • Jeffrey's remuneration is higher than average for companies of similar size in Poland.
Management Team Tenure

Average tenure of the Serinus Energy management team in years:

2.7
Average Tenure
  • The tenure for the Serinus Energy management team is about average.
Management Team

Jeffrey Auld

TITLE
CEO, President & Non-Independent Director
COMPENSATION
$648K
AGE
51
TENURE
2.7 yrs

Tracy Heck

TITLE
CFO & Executive Director
COMPENSATION
$527K
TENURE
5.3 yrs

Haithem Ben Hassen

TITLE
President of Serinus Energy Tunisia B.V.
TENURE
1.3 yrs

Alexandra Damascan

TITLE
President of Serinus Energy Romania SA
TENURE
1.3 yrs

Calvin Brackman

TITLE
Vice President of External Relations & Strategy
COMPENSATION
$221K
TENURE
2.4 yrs

Tim Elliott

TITLE
COMPENSATION
$2M
AGE
56
TENURE
2.8 yrs

Jock Graham

TITLE
COMPENSATION
$1M
TENURE
2.8 yrs
Board of Directors Tenure

Average tenure and age of the Serinus Energy board of directors in years:

1.7
Average Tenure
51
Average Age
  • The average tenure for the Serinus Energy board of directors is less than 3 years, this suggests a new board.
Board of Directors

Lukasz Redziniak

TITLE
Interim Chairman
COMPENSATION
$23K
TENURE
1.2 yrs

Jeffrey Auld

TITLE
CEO, President & Non-Independent Director
COMPENSATION
$648K
AGE
51
TENURE
2.7 yrs

Tracy Heck

TITLE
CFO & Executive Director
COMPENSATION
$527K
TENURE
1 yrs

Eleanor Barker

TITLE
Independent Director
COMPENSATION
$38K
AGE
64
TENURE
2 yrs

Evgenij Iorich

TITLE
Independent Director
COMPENSATION
$29K
AGE
37
TENURE
5.9 yrs

Jim Causgrove

TITLE
Independent Director
COMPENSATION
$32K
TENURE
1.7 yrs

Dawid Jakubowicz

TITLE
Non-Independent Director
COMPENSATION
$14K
TENURE
1.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (PLN) Value (PLN)
X
Management checks
We assess Serinus Energy's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Serinus Energy has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

SEN News

Simply Wall St News

Market Sentiment Around Loss-Making Serinus Energy Plc (WSE:SEN)

Serinus Energy plc, together with its subsidiaries, engages in the exploration and development of oil and gas properties. … The US$182.55m market-cap company’s loss lessens since it announced a -US$18.79m bottom-line in the full financial year, compared to the latest trailing-twelve-month loss of -US$15.69m, as it approaches breakeven? … View our latest analysis for Serinus Energy

Simply Wall St -

Did Serinus Energy Plc's (WSE:SEN) Recent Earnings Growth Beat The Trend?

When Serinus Energy Plc's (WSE:SEN) announced its latest earnings (31 March 2018), I wanted to understand how these figures stacked up against its past performance. … The two benchmarks I used were Serinus Energy's average earnings over the past couple of years, and its industry performance. … SEN is loss-making, with the most recent trailing twelve-month earnings of -zł15.69m (from 31 March 2018), which compared to last year has become.

Simply Wall St -

How Confident Are Insiders About Serinus Energy Plc (WSE:SEN)?

Serinus Energy is one of Canada’s small-cap stocks that saw some insider buying over the past three months, with insiders investing in more than 6 million shares during this period. … Today we will evaluate whether these decisions are bolstered by analysts’ expectations of future growth as well as recent share price movements. … Next Steps: Serinus Energy’s insider meaningful buying activity tells us the shares are currently in favour, reinforced by the substantial earnings growth expectations, on top of a reasonable share price movement around the same time.

Simply Wall St -

SEN Company Info

Description

Serinus Energy plc, together with its subsidiaries, engages in the exploration and development of oil and gas properties. It owns a 100% deemed working interest in the Satu Mare concession covering an area of approximately 729,000 acres situated within the Pannonian Basin, Romania. The company also holds 45% working interest in the Sabria concession, which covers an area of approximately 26,195 gross acres; 100% working interest in the Chouech Es Saida concession covering an area of approximately 52,480 acres; 100% working interest in the Ech Chouech concession that covers an area of approximately 33,920 acres; 100% working interest in the Zinnia concession covering an area of approximately 17,920 acres; and 100% working interest in the Sanrhar concession, which covers an area of approximately 36,879 acres located in Tunisia. As of December 31, 2018, it had 10.8 million barrels of oil equivalent proved and probable reserves. The company was incorporated in 1987 and is headquartered in St. Helier, Jersey.

Details
Name: Serinus Energy plc
SEN
Exchange: WSE
Founded: 1987
PLN154,072,690
238,872,388
Website: http://www.serinusenergy.com
Address: Serinus Energy plc
28 Esplanade,
St. Helier,
JE1 8SB,
Jersey
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WSE SEN Common Shares Warsaw Stock Exchange PL PLN 25. May 2010
OTCPK SNUY.F Common Shares Pink Sheets LLC US USD 25. May 2010
AIM SENX Common Shares London Stock Exchange AIM Market GB GBP 25. May 2010
Number of employees
Current staff
Staff numbers
90
Serinus Energy employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/18 21:44
End of day share price update: 2019/05/17 00:00
Last estimates confirmation: 2019/05/16
Last earnings filing: 2019/05/16
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.