Loading...

Lundin Petroleum

OM:LUPE
Snowflake Description

Reasonable growth potential second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LUPE
OM
SEK100B
Market Cap
  1. Home
  2. SE
  3. Energy
Company description

Lundin Petroleum AB (publ), an independent oil and gas company, engages in the exploration, development, and production of oil and gas properties primarily in Norway. The last earnings update was 77 days ago. More info.


Add to Portfolio Compare Print
LUPE Share Price and Events
7 Day Returns
-5.1%
OM:LUPE
0.9%
SE Oil and Gas
-0.9%
SE Market
1 Year Returns
7.3%
OM:LUPE
13%
SE Oil and Gas
4.4%
SE Market
LUPE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Lundin Petroleum (LUPE) -5.1% 8.1% -4.4% 7.3% 97.1% 135.7%
SE Oil and Gas 0.9% 11.7% 6.6% 13% -29% 6.3%
SE Market -0.9% 1.2% -0.5% 4.4% 13% 20%
1 Year Return vs Industry and Market
  • LUPE underperformed the Oil and Gas industry which returned 13% over the past year.
  • LUPE outperformed the Market in Sweden which returned 4.4% over the past year.
Price Volatility
LUPE
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Lundin Petroleum 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 Lundin Petroleum 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 Lundin Petroleum.

OM:LUPE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 21 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.9%
Perpetual Growth Rate 10-Year SE Government Bond Rate 0.4%

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 OM:LUPE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SE Govt Bond Rate 0.4%
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))
= 0.92 (1 + (1- 22%) (30.23%))
1.092
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.09
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.43% + (1.092 * 5.96%)
6.94%

Discounted Cash Flow Calculation for OM:LUPE using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Lundin Petroleum 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.

OM:LUPE DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.94%)
2020 1,231.07 Analyst x14 1,151.16
2021 860.83 Analyst x11 752.70
2022 1,148.00 Analyst x3 938.64
2023 1,401.67 Analyst x3 1,071.66
2024 1,471.09 Est @ 4.95% 1,051.73
2025 1,524.02 Est @ 3.6% 1,018.84
2026 1,564.38 Est @ 2.65% 977.94
2027 1,595.42 Est @ 1.98% 932.60
2028 1,619.66 Est @ 1.52% 885.32
2029 1,638.99 Est @ 1.19% 837.73
Present value of next 10 years cash flows $9,618.32
OM:LUPE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $1,638.99 × (1 + 0.43%) ÷ (6.94% – 0.43%)
$25,295.89
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $25,295.89 ÷ (1 + 6.94%)10
$12,929.38
OM:LUPE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $9,618.32 + $12,929.38
$22,547.71
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $22,547.71 / 338.51
$66.61
OM:LUPE Discount to Share Price
Calculation Result
Exchange Rate USD/SEK
(Reporting currency to currency of OM:LUPE)
9.353
Value per Share
(SEK)
= Value per Share in USD x Exchange Rate (USD/SEK)
= $66.61 x 9.353
SEK623.01
Value per share (SEK) From above. SEK623.01
Current discount Discount to share price of SEK296.30
= -1 x (SEK296.30 - SEK623.01) / SEK623.01
52.4%

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

Current Discount
Amount off the current price Lundin Petroleum is available for.
Intrinsic value
>50%
Share price is SEK296.3 vs Future cash flow value of SEK623.01
Current Discount Checks
For Lundin Petroleum to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Lundin Petroleum's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Lundin Petroleum'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 Lundin Petroleum's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Lundin Petroleum's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OM:LUPE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.14
OM:LUPE Share Price ** OM (2019-07-18) in SEK SEK296.3
OM:LUPE Share Price converted to USD reporting currency Exchange rate (SEK/ USD) 0.107 $31.68
Europe Oil and Gas Industry PE Ratio Median Figure of 90 Publicly-Listed Oil and Gas Companies 9.62x
Sweden Market PE Ratio Median Figure of 325 Publicly-Listed Companies 16.11x

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

** Primary Listing of Lundin Petroleum.

OM:LUPE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OM:LUPE Share Price ÷ EPS (both in USD)

= 31.68 ÷ 0.14

222.48x

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

  • Lundin Petroleum is overvalued based on earnings compared to the Europe Oil and Gas industry average.
  • Lundin Petroleum is overvalued based on earnings compared to the Sweden market.
Price based on expected Growth
Does Lundin Petroleum's expected growth come at a high price?
Raw Data
OM:LUPE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 222.48x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 21 Analysts
30.5%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 56 Publicly-Listed Oil and Gas Companies 0.95x
Sweden Market PEG Ratio Median Figure of 232 Publicly-Listed Companies 1.29x

*Line of best fit is calculated by linear regression .

OM:LUPE PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 222.48x ÷ 30.5%

7.3x

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

  • Lundin Petroleum is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Lundin Petroleum's assets?
Raw Data
OM:LUPE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $-2.45
OM:LUPE Share Price * OM (2019-07-18) in SEK SEK296.3
OM:LUPE Share Price converted to USD reporting currency Exchange rate (SEK/ USD) 0.107 $31.68
Sweden Oil and Gas Industry PB Ratio Median Figure of 8 Publicly-Listed Oil and Gas Companies 1.45x
Sweden Market PB Ratio Median Figure of 573 Publicly-Listed Companies 2.59x
OM:LUPE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OM:LUPE Share Price ÷ Book Value per Share (both in USD)

= 31.68 ÷ -2.45

-12.92x

* Primary Listing of Lundin Petroleum.

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

  • Lundin Petroleum has negative assets, we can't compare the value of its assets to the SE Oil and Gas industry average.
X
Value checks
We assess Lundin Petroleum'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. Lundin Petroleum 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.

Future Performance

 How is Lundin Petroleum expected to perform in the next 1 to 3 years based on estimates from 21 analysts?

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
30.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Lundin Petroleum expected to grow at an attractive rate?
  • Lundin Petroleum's earnings growth is expected to exceed the low risk savings rate of 0.4%.
Growth vs Market Checks
  • Lundin Petroleum's earnings growth is expected to exceed the Sweden market average.
  • Lundin Petroleum's revenue growth is expected to exceed the Sweden market average.
Annual Growth Rates Comparison
Raw Data
OM:LUPE Future Growth Rates Data Sources
Data Point Source Value (per year)
OM:LUPE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 21 Analysts 30.5%
OM:LUPE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 21 Analysts 19.9%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 5.8%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.5%
Sweden Market Earnings Growth Rate Market Cap Weighted Average 7.9%
Sweden Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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
OM:LUPE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 21 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OM:LUPE Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 5,137 1,997 1,064 4
2022-12-31 4,491 1,739 907 4
2021-12-31 4,114 1,732 802 17
2020-12-31 3,785 2,115 724 21
2019-12-31 2,198 1,585 317 18
OM:LUPE Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 2,422 1,662 48
2018-12-31 2,641 1,718 222
2018-09-30 2,596 1,624 277
2018-06-30 2,477 1,505 442
2018-03-31 2,264 1,361 553
2017-12-31 1,983 1,299 385
2017-09-30 1,730 1,229 -88
2017-06-30 1,481 1,087 -145
2017-03-31 1,226 947 -363
2016-12-31 950 682 -257
2016-09-30 759 683 -226
2016-06-30 643 537 -597

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Lundin Petroleum's earnings are expected to grow significantly at over 20% yearly.
  • Lundin Petroleum's revenue is expected to grow by 19.9% yearly, however this is not considered high growth (20% yearly).
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
OM:LUPE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 21 Analyst Estimates (S&P Global) See Below

All data from Lundin Petroleum Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:LUPE Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 3.69 4.70 2.18 3.00
2022-12-31 3.80 3.90 3.70 2.00
2021-12-31 2.67 3.72 1.77 15.00
2020-12-31 2.36 3.92 1.40 18.00
2019-12-31 1.00 1.33 0.63 16.00
OM:LUPE Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.14
2018-12-31 0.66
2018-09-30 0.82
2018-06-30 1.30
2018-03-31 1.63
2017-12-31 1.13
2017-09-30 -0.26
2017-06-30 -0.43
2017-03-31 -1.09
2016-12-31 -0.79
2016-09-30 -0.71
2016-06-30 -1.92

*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 Lundin Petroleum will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Lundin Petroleum'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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Lundin Petroleum has a total score of 4/6, 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.

Past Performance

  How has Lundin Petroleum 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 Lundin Petroleum'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.
  • Lundin Petroleum has delivered over 20% year on year earnings growth in the past 5 years.
  • Lundin Petroleum's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Lundin Petroleum's 1-year earnings growth is negative, it can't be compared to the Europe Oil and Gas industry average.
Earnings and Revenue History
Lundin Petroleum'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 Lundin Petroleum Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:LUPE 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 2,422.40 48.20 22.80
2018-12-31 2,640.70 222.10 22.00
2018-09-30 2,595.80 276.50 23.90
2018-06-30 2,476.60 442.20 26.00
2018-03-31 2,264.10 553.00 24.50
2017-12-31 1,983.20 384.70 29.20
2017-09-30 1,729.50 -87.90 32.70
2017-06-30 1,481.30 -145.30 31.60
2017-03-31 1,226.40 -363.00 31.80
2016-12-31 950.00 -256.70 26.90
2016-09-30 758.90 -225.70 23.80
2016-06-30 643.00 -597.00 24.20
2016-03-31 590.30 -465.00 30.20
2015-12-31 565.80 -861.70 34.30
2015-09-30 565.90 -805.20 36.80
2015-06-30 602.00 -599.20 38.30
2015-03-31 670.40 -661.50 38.40
2014-12-31 785.20 -427.20 47.40
2014-09-30 924.10 32.50 48.50
2014-06-30 998.70 29.90 55.80
2014-03-31 1,057.10 33.80 49.10
2013-12-31 1,132.00 77.60 36.80
2013-09-30 1,204.80 2.40 31.30
2013-06-30 1,284.30 45.30 41.90
2013-03-31 1,321.50 107.60 36.90
2012-12-31 1,375.80 108.20 28.70
2012-09-30 1,347.71 147.20 55.30

*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 Lundin Petroleum has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • Lundin Petroleum used its assets less efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • Lundin Petroleum has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Lundin Petroleum'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.
Lundin Petroleum has a total score of 2/6, 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.

Health

 How is Lundin Petroleum'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 Lundin Petroleum's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Lundin Petroleum's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Lundin Petroleum's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Lundin Petroleum'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.
  • Lundin Petroleum has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
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 Lundin Petroleum Company Filings, last reported 3 months ago.

OM:LUPE Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 -830.30 3,205.20 114.80
2018-12-31 -384.00 3,262.00 100.80
2018-09-30 -146.80 3,414.80 75.10
2018-06-30 -217.90 3,648.50 96.50
2018-03-31 -78.90 3,751.30 100.60
2017-12-31 -350.80 3,880.00 71.40
2017-09-30 -249.20 4,033.30 91.00
2017-06-30 -537.60 4,073.00 74.20
2017-03-31 -678.20 4,000.60 59.70
2016-12-31 -352.20 4,048.30 70.30
2016-09-30 435.50 4,247.60 48.80
2016-06-30 210.10 4,155.20 34.40
2016-03-31 -297.50 4,116.20 68.10
2015-12-31 -474.10 3,834.80 71.90
2015-09-30 29.10 3,871.20 53.00
2015-06-30 298.60 3,557.20 93.00
2015-03-31 170.90 3,084.40 51.90
2014-12-31 465.70 2,654.00 80.50
2014-09-30 1,118.10 2,122.00 111.90
2014-06-30 1,229.40 1,800.10 73.10
2014-03-31 1,279.50 1,515.70 94.90
2013-12-31 1,266.80 1,240.10 82.40
2013-09-30 1,234.60 866.70 97.40
2013-06-30 1,207.40 653.30 86.50
2013-03-31 1,243.30 494.20 125.10
2012-12-31 1,250.10 384.20 97.40
2012-09-30 1,283.88 321.31 156.92
  • Lundin Petroleum has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Lundin Petroleum's debt level has increased considering it has negative shareholder equity.
  • Debt is well covered by operating cash flow (51.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 15.2x coverage).
X
Financial health checks
We assess Lundin Petroleum'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. Lundin Petroleum has a total score of 2/6, 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.

Dividends

 What is Lundin Petroleum'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
4.67%
Current annual income from Lundin Petroleum dividends. Estimated to be 5.37% next year.
If you bought SEK2,000 of Lundin Petroleum shares you are expected to receive SEK93 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?
  • Lundin Petroleum's pays a higher dividend yield than the bottom 25% of dividend payers in Sweden (1.88%).
  • Lundin Petroleum's dividend is above the markets top 25% of dividend payers in Sweden (4.36%).
Upcoming dividend payment

Purchase Lundin Petroleum before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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
OM:LUPE 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 21 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 56 Stocks 5.7%
Sweden Market Average Dividend Yield Market Cap Weighted Average of 244 Stocks 3.5%
Sweden Minimum Threshold Dividend Yield 10th Percentile 1.2%
Sweden Bottom 25% Dividend Yield 25th Percentile 1.9%
Sweden Top 25% Dividend Yield 75th Percentile 4.4%

Industry and Market average data is calculated daily.

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

OM:LUPE Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 2.13 3.00
2022-12-31 1.99 3.00
2021-12-31 1.98 18.00
2020-12-31 1.74 22.00
2019-12-31 1.33 21.00
OM:LUPE Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-26 1.480 4.713
2018-03-29 0.427 1.477
2013-02-06 0.000 0.000
2012-10-31 0.000 0.000
2012-08-01 0.000 0.000
2012-05-09 0.000 0.000
2012-04-16 0.000 0.000
2012-04-11 0.000 0.000
2012-02-08 0.000 0.000
2011-08-03 0.000 0.000
2011-04-07 2.300 16.840
2011-02-09 2.300 17.847

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

  • Lundin Petroleum has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Lundin Petroleum has only been paying a dividend for 8 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Lundin Petroleum's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.3x coverage).
X
Income/ dividend checks
We assess Lundin Petroleum's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - 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 Lundin Petroleum afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Lundin Petroleum has a total score of 3/6, see the detailed checks below.


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

Management

 What is the CEO of Lundin Petroleum'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
Alex Schneiter
COMPENSATION $4,853,000
AGE 57
TENURE AS CEO 3.8 years
CEO Bio

Mr. Alexandre Schneiter, also known as Alex, has been the Chief Executive Officer and President of Lundin Petroleum AB since October 1, 2015. Mr. Schneiter served as the Chief Operating Officer and Executive Vice President of Lundin Petroleum AB since 2001 until October 1, 2015. Mr. Schneiter leads an experienced team of oil and gas professionals who are responsible for Lundin's worldwide exploration and production operations. For over years, he has been instrumental in the discovery of several major oil fields for the Lundin Group, including, among others, in Libya, Sudan and Malaysia. Since 1993, he has worked within the Lundin Group of Companies. From 1987 to 1989, Mr. Schneiter served in the mining industry as a Geophysicist before joining a public Canadian oil company as Geophysicist, Seismic Interpreter and Seismic Acquisition Quality Control officer. Since 1998, he served as Vice President Exploration of Lundin Oil AB. He has been a Director of ShaMaran Petroleum Corp. since September 10, 2009. He has been a Director of Lundin Petroleum AB (publ) since May 12, 2016. He serves as a Director of etrion SA. He serves as a Director of Lundin Holdings SA, Lundin International SA, Lundin Norway AS, Lundin Services BV, Lundin Russia BV, Lundin Russia Services BV, Lundin Lagansky BV, Lundin Indonesia Holding BV, Lundin Exploration BV, Lundin Tunisia BV, Lundin Munir BV, Lundin Marine BV, Lundin Banyumas BV, Lundin Blora BV, Lundin Indonesia BV, Lundin Lematang BV, Lundin Oil & Gas BV, Lundin Sareba BV, Lundin South East Asia BV, Lundin Rangkas BV, Lundin Cakalang BV, Lundin Baronang BV, Lundin Vietnam BV, Lundin Malaysia BV, Lundin Cambodia BV, Lundin Netherlands BV, Lundin Netherlands Facilities BV and Lundin Data Service BV. He served as a Director of Lundin UK Exploration Limited, Lundin Ireland Ltd., Lundin Block 5B BV, Lundin Sudan BV, Lundin Nigeria Limited, Lundin Albania BV, Lundin Investments Ltd., Lundin Sudan (Halaib) Ltd., Lundin Petroleum Holdings Ltd., Lundin Technical Services Ltd., Lundin Munir Ltd., Lundin Sudan Ltd., Lundin Sudan (Block 5B) Ltd., Lundin East Africa BV, Lundin Kenya BV, Lundin Latina De Petroleos, S.A and Lundin International BV. He served as a Director of ShaMaran Petroleum Corp until January 19, 2015. He served as a Non-Executive Director at EnQuest PLC from February 22, 2010 to May 30, 2012. He served as Director of Lundin Petroleum Ab. Mr. Schneiter holds a Bachelor of Science in Geology and a Master's Degree in Geophysics from the University of Geneva.

CEO Compensation
  • Alex's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Alex's remuneration is higher than average for companies of similar size in Sweden.
Management Team Tenure

Average tenure and age of the Lundin Petroleum management team in years:

3.8
Average Tenure
51
Average Age
  • The tenure for the Lundin Petroleum management team is about average.
Management Team

Alex Schneiter

TITLE
President
COMPENSATION
$5M
AGE
57
TENURE
3.8 yrs

Teitur Poulsen

TITLE
Chief Financial Officer
AGE
45

Nick Walker

TITLE
Chief Operating Officer
TENURE
3.8 yrs

Edward Westropp

TITLE
Vice President of Investor Relations
TENURE
0.9 yrs

Henrika Frykman

TITLE
VP of Legal & Corporate Secretary
AGE
42

Sean Reddy

TITLE
Vice President of Human Resources & Shared Services
TENURE
1.5 yrs

Kristin Færøvik

TITLE
Managing Director - Norway
AGE
57

Rozlin Hassan

TITLE
Head of Petroleum Engineering for Malaysia
TENURE
7.3 yrs

Andrew Holding

TITLE
Group Financial Controller

Erik Jenssen

TITLE
Chief Operating Officer of Norway
TENURE
7.8 yrs
Board of Directors Tenure

Average tenure and age of the Lundin Petroleum board of directors in years:

6.2
Average Tenure
61
Average Age
  • The tenure for the Lundin Petroleum board of directors is about average.
Board of Directors

Ian Lundin

TITLE
Chairman
COMPENSATION
$255K
AGE
59
TENURE
17.2 yrs

Alex Schneiter

TITLE
President
COMPENSATION
$5M
AGE
57
TENURE
3.2 yrs

Peggy Bruzelius

TITLE
Director
COMPENSATION
$79K
AGE
70
TENURE
6.2 yrs

Cecilia Vieweg

TITLE
Director
COMPENSATION
$79K
AGE
64
TENURE
6.2 yrs

Lukas Lundin

TITLE
Director
COMPENSATION
$60K
AGE
61
TENURE
18.5 yrs

Charles Ashley Heppenstall

TITLE
Director
COMPENSATION
$5M
AGE
57
TENURE
18.5 yrs

Grace Skaugen

TITLE
Director
COMPENSATION
$82K
AGE
66
TENURE
4.2 yrs

Jakob Thomasen

TITLE
Director
COMPENSATION
$79K
AGE
57
TENURE
2.2 yrs

Torstein Sanness

TITLE
Director
COMPENSATION
$36K
AGE
72
TENURE
1.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SEK) Value (SEK)
21. Mar 19 Buy Cecilia Vieweg Individual 20. Mar 19 20. Mar 19 1,500 SEK316.10 SEK474,150
14. Dec 18 Buy Jakob Thomasen Individual 10. Dec 18 10. Dec 18 1,050 SEK234.95 SEK246,633
07. Dec 18 Buy Nemesia S.A.R.L. Company 06. Dec 18 06. Dec 18 81,313 SEK231.00 SEK18,783,238
05. Dec 18 Buy Nemesia S.A.R.L. Company 05. Dec 18 05. Dec 18 350,192 SEK244.00 SEK85,446,077
02. Dec 18 Buy Nemesia S.A.R.L. Company 30. Nov 18 30. Nov 18 670,607 SEK237.06 SEK158,971,952
05. Oct 18 Sell Alexandre Schneiter Individual 03. Oct 18 05. Oct 18 -154,456 SEK341.39 SEK-52,422,326
05. Sep 18 Sell Charles Ashley Heppenstall Individual 05. Sep 18 05. Sep 18 -1,542,618 SEK319.00 SEK-492,095,136
05. Sep 18 Buy Charles Ashley Heppenstall Individual 05. Sep 18 05. Sep 18 1,542,618 SEK319.00 SEK492,095,136
28. Aug 18 Sell Cecilia Vieweg Individual 23. Aug 18 23. Aug 18 -2,000 SEK288.00 SEK-576,000
23. Aug 18 Buy Cecilia Vieweg Individual 22. Aug 18 22. Aug 18 2,000 SEK288.00 SEK576,000
X
Management checks
We assess Lundin Petroleum'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. Lundin Petroleum 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.

News

Simply Wall St News

Lundin Petroleum (STO:LUPE) Has A Pretty Healthy Balance Sheet

Importantly, Lundin Petroleum AB (publ) (STO:LUPE) does carry debt. … OM:LUPE Historical Debt, July 9th 2019 How Healthy Is Lundin Petroleum's Balance Sheet? … Since Lundin Petroleum does have net debt, we think it is worthwhile for shareholders to keep an eye on the balance sheet, over time.

Simply Wall St -

How Much Are Lundin Petroleum AB (publ) (STO:LUPE) Insiders Taking Off The Table?

So we'll take a look at whether insiders have been buying or selling shares in Lundin Petroleum AB (publ) (STO:LUPE). … See our latest analysis for Lundin Petroleum Lundin Petroleum Insider Transactions Over The Last Year In the last twelve months, the biggest single purchase by an insider was when Director Charles Ashley Heppenstall bought kr492m worth of shares at a price of kr319 per share. … The recent buying by an insider, along with high insider ownership, suggest that Lundin Petroleum insiders are fairly aligned, and optimistic.

Simply Wall St -

Is Lundin Petroleum AB (publ)'s (STO:LUPE) CEO Paid At A Competitive Rate?

Check out our latest analysis for Lundin Petroleum How Does Alex Schneiter's Compensation Compare With Similar Sized Companies? … At the time of writing our data says that Lundin Petroleum AB (publ) has a market cap of kr100b, and is paying total annual CEO compensation of US$4.9m. … We compared total CEO remuneration at Lundin Petroleum AB (publ) with the amount paid at other large companies.

Simply Wall St -

Did You Miss Lundin Petroleum's (STO:LUPE) Impressive 140% Share Price Gain?

For example, the Lundin Petroleum AB (publ) (STO:LUPE) share price has soared 140% in the last half decade. … During the five years of share price growth, Lundin Petroleum moved from a loss to profitability. … Sometimes, the start of profitability is a major inflection point that can signal fast earnings growth to come, which in turn justifies very strong share price gains.

Simply Wall St -

Do Institutions Own Shares In Lundin Petroleum AB (publ) (STO:LUPE)?

A look at the shareholders of Lundin Petroleum AB (publ) (STO:LUPE) can tell us which group is most powerful. … Lundin Petroleum is a pretty big company. … Taking a look at our data on the ownership groups (below), it's seems that.

Simply Wall St -

Is Lundin Petroleum AB (publ) (STO:LUPE) A Smart Choice For Dividend Investors?

Historically, Lundin Petroleum AB (publ) (STO:LUPE) has been paying a dividend to shareholders. … Let's dig deeper into whether Lundin Petroleum should have a place in your portfolio. … See our latest analysis for Lundin Petroleum

Simply Wall St -

Why You Should Like Lundin Petroleum AB (publ)’s (STO:LUPE) ROCE

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Should You Be Worried About Insider Transactions At Lundin Petroleum AB (publ) (STO:LUPE)?

So before you buy or sell Lundin Petroleum AB (publ) (STO:LUPE), you may well want to know whether insiders have been buying or selling. … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … The Last 12 Months Of Insider Transactions At Lundin Petroleum.

Simply Wall St -

Don't Sell Lundin Petroleum AB (publ) (STO:LUPE) Before You Read This

Lundin Petroleum has a price to earnings ratio of 48.29, based on the last twelve months. … How Do I Calculate Lundin Petroleum's Price To Earnings Ratio … Price to Earnings Ratio = Share Price (in reporting currency) ÷ Earnings per Share (EPS)

Simply Wall St -

How Should Investors Feel About Lundin Petroleum AB (publ)'s (STO:LUPE) CEO Pay?

Alex Schneiter became the CEO of Lundin Petroleum AB (publ) (STO:LUPE) in 2015. … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Alex Schneiter's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Company Info

Description

Lundin Petroleum AB (publ), an independent oil and gas company, engages in the exploration, development, and production of oil and gas properties primarily in Norway. As of December 31, 2018, it had proved plus probable reserves of 745.4 million barrels of oil equivalent. Lundin Petroleum AB (publ) was founded in 2001 and is headquartered in Stockholm, Sweden.

Details
Name: Lundin Petroleum AB (publ)
LUPE
Exchange: OM
Founded: 2001
SEK100,301,441,900
338,513,135
Website: http://www.lundin-petroleum.com
Address: Lundin Petroleum AB (publ)
Hovslagargatan 5,
Stockholm,
Stockholm County, 111 48,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM LUPE Common Shares OMX Nordic Exchange Stockholm SE SEK 06. Sep 2001
OTCPK LNDN.F Common Shares Pink Sheets LLC US USD 06. Sep 2001
DB LYV Common Shares Deutsche Boerse AG DE EUR 06. Sep 2001
LSE 0NNR Common Shares London Stock Exchange GB SEK 06. Sep 2001
BATS-CHIXE LUPES Common Shares BATS 'Chi-X Europe' GB SEK 06. Sep 2001
OTCPK LUPE.Y SPONSORED ADR Pink Sheets LLC US USD 15. Jan 2009
Number of employees
Current staff
Staff numbers
408
Lundin Petroleum employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/18 20:47
End of day share price update: 2019/07/18 00:00
Last estimates confirmation: 2019/07/18
Last earnings filing: 2019/05/02
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.