OM:TETY

Stock Analysis Report

Executive Summary

Tethys Oil AB (publ) focuses on the exploration and production of oil and natural gas properties.

Snowflake

Fundamentals

Flawless balance sheet with outstanding track record and pays a dividend.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

2.0%

TETY

-0.2%

SE Oil and Gas

2.7%

SE Market


1 Year Return

-15.3%

TETY

10.1%

SE Oil and Gas

9.4%

SE Market

Return vs Industry: TETY underperformed the Swedish Oil and Gas industry which returned 10.1% over the past year.

Return vs Market: TETY underperformed the Swedish Market which returned 9.4% over the past year.


Shareholder returns

TETYIndustryMarket
7 Day2.0%-0.2%2.7%
30 Day-14.3%-9.7%1.4%
90 Day0.8%-6.0%4.1%
1 Year-13.2%-15.3%11.4%10.1%14.0%9.4%
3 Year15.2%9.5%6.1%-2.4%31.3%11.7%
5 Year9.5%0.8%-39.5%-59.6%63.0%28.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: TETY (SEK76.1) is trading below our estimate of fair value (SEK194.63)

Significantly Undervalued: TETY is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: TETY is good value based on its PE Ratio (4.3x) compared to the Oil and Gas industry average (9.2x).

PE vs Market: TETY is good value based on its PE Ratio (4.3x) compared to the Swedish market (16.8x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: TETY is good value based on its PB Ratio (1x) compared to the SE Oil and Gas industry average (1.3x).


Next Steps

Future Growth

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

-11.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TETY's earnings are forecast to decline over the next 3 years (-11.6% per year).

Earnings vs Market: TETY's earnings are forecast to decline over the next 3 years (-11.6% per year).

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

Revenue vs Market: TETY's revenue is expected to decline over the next 3 years (-9% per year).

High Growth Revenue: TETY's revenue is forecast to decline over the next 3 years (-9% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: TETY's Return on Equity is forecast to be low in 3 years time (15.3%).


Next Steps

Past Performance

How has Tethys Oil performed over the past 5 years?

12.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: TETY's earnings have grown by 12.1% per year over the past 5 years.

Accelerating Growth: TETY's earnings growth over the past year (55.5%) exceeds its 5-year average (12.1% per year).

Earnings vs Industry: TETY earnings growth over the past year (55.5%) exceeded the Oil and Gas industry 10%.


Return on Equity

High ROE: TETY's Return on Equity (24%) is considered high.


Return on Assets

ROA vs Industry: TETY has a higher Return on Assets than the Oil and Gas industry average last year.


Return on Capital Employed

ROCE Improving: TETY has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Tethys Oil's financial position?


Financial Position Analysis

Short Term Liabilities: TETY's short term assets ($78.7M) exceeds its short term liabilities ($13.7M)

Long Term Liabilities: TETY's short term assets (78.7M) exceeds its long term liabilities (9.1M)


Debt to Equity History and Analysis

Debt Level: TETY is debt free.

Reducing Debt: TETY had no debt 5 years ago.

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

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


Balance Sheet

Inventory Level: TETY has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if TETY's debt is covered by short term assets.


Next Steps

Dividend

What is Tethys Oil's current dividend yield, its reliability and sustainability?

10.34%

Current Dividend Yield


Upcoming Dividend Payment

Purchase Tethys Oil before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield vs Market

company10.3%marketbottom25%1.8%markettop25%4.8%industryaverage5.9%forecastin3Years10.8%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: TETY's dividend (10.34%) is higher than the bottom 25% of dividend payers in the Swedish market (1.83%).

High Dividend: TETY's dividend (10.34%) is in the top 25% of dividend payers in the Swedish market (4.77%)

Stable Dividend: Whilst dividend payments have been stable, TETY has been paying a dividend for less than 10 years.

Growing Dividend: TETY's dividend payments have increased, but the company has only paid a dividend for 4 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (12.4%), TETY's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: TETY's dividends in 3 years are forecast to be covered by earnings (63.2% payout ratio).


Next Steps

Management

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

3.1yrs

Average management tenure


CEO

Magnus Nordin (63yo)

18.8yrs

Tenure

0

Mr. Magnus Nordin founded Tethys Oil AB (publ) in 2001 and has been its Chief Executive Officer and Managing Director since 2001 and 2004 respectively. Mr. Nordin served as a Vice President of Software Dev ...


CEO Compensation Analysis

Compensation vs. Market: Magnus's total compensation ($USD0.00) is too low to compare against companies of similar size in the Swedish market ($USD324.61K).

Compensation vs Earnings: Magnus's compensation has increased by more than 20% in the past year.


Management Age and Tenure

3.1yrs

Average Tenure

46yo

Average Age

Experienced Management: TETY's management team is considered experienced (3.1 years average tenure).


Board Age and Tenure

2.4yrs

Average Tenure

63yo

Average Age

Experienced Board: TETY's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: TETY insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$7,92025 Aug 19
Fredrik Robelius
EntityIndividual
Role
Chief Technology Officer
Chief Technical Officer
Shares100
Max PriceUS$79.20
BuyUS$239,91518 Jun 19
Geoffrey Turbott
EntityIndividual
Role
Chairman of the Board
Chairman
Shares3,700
Max PriceUS$64.90

Ownership Breakdown


Management Team

  • Magnus Nordin (63yo)

    Founder

    • Tenure: 18.8yrs
  • Will Holland (46yo)

    Chief Financial Officer

    • Tenure: 0.3yrs
  • Fredrik Robelius (46yo)

    Chief Technical Officer

    • Tenure: 3.1yrs

Board Members

  • Geoff Turbott (56yo)

    Chairman

    • Tenure: 1.4yrs
    • Compensation: US$695.00k
  • Magnus Nordin (63yo)

    Founder

    • Tenure: 18.8yrs
  • Alex Herger (62yo)

    Director

    • Tenure: 2.4yrs
    • Compensation: US$370.00k
  • Rob Anderson (66yo)

    Director

    • Tenure: 2.4yrs
    • Compensation: US$365.00k
  • Per Seime (73yo)

    Director

    • Tenure: 2.4yrs
    • Compensation: US$400.00k
  • Gavin Graham

    Director

    • Tenure: 0.4yrs

Company Information

Tethys Oil AB (publ)'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Tethys Oil AB (publ)
  • Ticker: TETY
  • Exchange: OM
  • Founded: 2001
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: kr2.583b
  • Shares outstanding: 33.94m
  • Website: https://www.tethysoil.com

Number of Employees


Location

  • Tethys Oil AB (publ)
  • Hovslagargatan 5B
  • Stockholm
  • Stockholm County
  • 111 48
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
THYO.FOTCPK (Pink Sheets LLC)SHARE AK AUSUSDNo data
TETYOM (OMX Nordic Exchange Stockholm)YesCommon StockSESEKApr 2004
TZB4DB (Deutsche Boerse AG)YesCommon StockDEEURApr 2004
0A1VLSE (London Stock Exchange)YesCommon StockGBSEKApr 2004

Biography

Tethys Oil AB (publ) focuses on the exploration and production of oil and natural gas properties. It has exploration licenses, including Blocks 3&4 covering approximately 29,130 square kilometers and Block ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/16 20:30
End of Day Share Price2019/10/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.