OM:ENQ

Stock Analysis Report

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Executive Summary

EnQuest PLC operates as an oil and gas development and production company, explores for, extracts, and produces hydrocarbons in the United Kingdom, North Sea, and Malaysia. More Details


Snowflake Analysis

Reasonable growth potential and slightly overvalued.


Similar Companies

Share Price & News

How has EnQuest's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ENQ's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

2.0%

ENQ

3.6%

SE Oil and Gas

2.8%

SE Market


1 Year Return

-46.3%

ENQ

-37.3%

SE Oil and Gas

17.5%

SE Market

Return vs Industry: ENQ underperformed the Swedish Oil and Gas industry which returned -38.9% over the past year.

Return vs Market: ENQ underperformed the Swedish Market which returned 17.6% over the past year.


Shareholder returns

ENQIndustryMarket
7 Day2.0%3.6%2.8%
30 Day-9.1%1.4%5.5%
90 Day-24.4%-5.4%13.8%
1 Year-46.3%-46.3%-37.2%-37.3%19.6%17.5%
3 Year-42.2%-50.6%-17.4%-23.1%37.9%23.2%
5 Year-56.0%-62.4%19.8%-7.8%74.3%40.2%

Price Volatility Vs. Market

How volatile is EnQuest's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is EnQuest undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ENQ (SEK1.34) is trading below our estimate of fair value (SEK5.23)

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


Price To Earnings Ratio

PE vs Industry: ENQ is unprofitable, so we can't compare its PE Ratio to the XE Oil and Gas industry average.

PE vs Market: ENQ is unprofitable, so we can't compare its PE Ratio to the Swedish market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ENQ has negative assets, so we can't compare its PB Ratio to the SE Oil and Gas industry average.


Next Steps

Future Growth

How is EnQuest forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

63.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ENQ is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.5%).

Earnings vs Market: ENQ is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: ENQ's is expected to become profitable in the next 3 years.

Revenue vs Market: ENQ's revenue is expected to decline over the next 3 years (-2.2% per year).

High Growth Revenue: ENQ's revenue is forecast to decline over the next 3 years (-2.2% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ENQ's Return on Equity is forecast to be high in 3 years time (26%)


Next Steps

Past Performance

How has EnQuest performed over the past 5 years?

-0.06%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ENQ is currently unprofitable.

Growing Profit Margin: ENQ is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ENQ is unprofitable, and losses have increased over the past 5 years at a rate of 0.06% per year.

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

Earnings vs Industry: ENQ is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-9.7%).


Return on Equity

High ROE: ENQ's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is EnQuest's financial position?


Financial Position Analysis

Short Term Liabilities: ENQ has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: ENQ has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: ENQ has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: ENQ's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


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

Forecast Cash Runway: ENQ is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 57.3% per year.


Next Steps

Dividend

What is EnQuest current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ENQ's dividend in 3 years as they are not forecast to pay a notable one for the Swedish market.


Next Steps

Management

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

4.2yrs

Average management tenure


CEO

Amjad Bseisu (56 yo)

10.58yrs

Tenure

US$1,448,000

Compensation

Mr. Amjad Bseisu formed EnQuest PLC and has been its Chief Executive since 2010. Mr. Bseisu served as the Chief Executive Officer of Petrofac Energy Developments International Limited. He served as the Pre ...


CEO Compensation Analysis

Compensation vs Market: Amjad's total compensation ($USD2.48M) is above average for companies of similar size in the Swedish market ($USD432.83K).

Compensation vs Earnings: Amjad's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Amjad Bseisu
Chief Executive & Executive Director10.58yrsUS$1.45m0.010%
$ 225.9k
Jonathan Swinney
CFO & Executive Director10.5yrsUS$1.03m0.046%
$ 1.0m
Ian Wood
Head of Communications & Investor Relationsno datano datano data
Stefan Ricketts
General Counselno datano data0.031%
$ 685.2k
Janice Mair
Director of People0.083yrno datano data
Bob Davenport
Managing Director of North Sea4.17yrsno datano data
John Penrose
Managing Director of Malaysiano datano datano data
Andy Duncanson
Head of Major Projects & Kraken Area Manager2.5yrsno datano data
Andy Lane
Head of Engineeringno datano datano data
Nadira Hussein
Interim Assistant Company Secretaryno datano datano data

4.2yrs

Average Tenure

Experienced Management: ENQ's management team is considered experienced (4.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Amjad Bseisu
Chief Executive & Executive Director10.58yrsUS$1.45m0.010%
$ 225.9k
Jonathan Swinney
CFO & Executive Director10.5yrsUS$1.03m0.046%
$ 1.0m
Martin Houston
Independent Non Executive Chairman0.92yrUS$50.00k0.030%
$ 674.1k
Howard Paver
Senior Independent Director0.50yrUS$40.00k0.026%
$ 584.1k
John Winterman
Independent Non-Executive Director3yrsUS$62.00k0.0017%
$ 38.5k
Philip Holland
Independent Non-Executive Director5.08yrsUS$70.00k0.017%
$ 377.4k
Carl Hughes
Independent Non-Executive Director3.67yrsUS$70.00k0.0063%
$ 139.7k
Laurie Fitch
Independent Non-Executive Director2.67yrsUS$70.00k0.0042%
$ 94.5k

3.3yrs

Average Tenure

63.5yo

Average Age

Experienced Board: ENQ's board of directors are considered experienced (3.3 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

EnQuest PLC's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: EnQuest PLC
  • Ticker: ENQ
  • Exchange: OM
  • Founded: 2010
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: UK£196.325m
  • Listing Market Cap: UK£2.228b
  • Shares outstanding: 1.65b
  • Website: https://www.enquest.com

Number of Employees


Location

  • EnQuest PLC
  • Cunard House
  • 5th Floor
  • London
  • Greater London
  • SW1Y 4LR
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ENQLSE (London Stock Exchange)YesOrdinary SharesGBGBPApr 2010
ENQOM (OMX Nordic Exchange Stockholm)YesOrdinary SharesSESEKApr 2010
3EQDB (Deutsche Boerse AG)YesOrdinary SharesDEEURApr 2010
ENQU.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDApr 2010
ENQSBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBSEKApr 2010
ENQLBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBGBPApr 2010

Biography

EnQuest PLC operates as an oil and gas development and production company, explores for, extracts, and produces hydrocarbons in the United Kingdom, North Sea, and Malaysia. The company operates in two segm ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/20 02:51
End of Day Share Price2020/09/18 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.