SGX:AWO

Stock Analysis Report

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Executive Summary

Mirach Energy Limited, an investment holding company, operates as an oil and gas concession operator in Malaysia and Singapore. More Details


Snowflake Analysis

Flawless balance sheet and undervalued.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: Insufficient data to determine AWO's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine AWO's volatility change over the past year.


Market Performance


7 Day Return

0%

AWO

4.2%

SG Oil and Gas

-0.2%

SG Market


1 Year Return

-94.7%

AWO

-4.6%

SG Oil and Gas

-10.2%

SG Market

Return vs Industry: AWO underperformed the SG Oil and Gas industry which returned -6.9% over the past year.

Return vs Market: AWO underperformed the SG Market which returned -14.4% over the past year.


Shareholder returns

AWOIndustryMarket
7 Day0%4.2%-0.2%
30 Day0%10.6%5.7%
90 Day-30.0%24.7%17.8%
1 Year-94.7%-94.7%-2.4%-4.6%-5.3%-10.2%
3 Year-93.1%-93.1%-40.0%-44.6%-11.2%-22.0%
5 Year-95.1%-95.1%-30.6%-34.6%24.9%2.0%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Mirach Energy 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: AWO (SGD0.01) is trading below our estimate of fair value (SGD0.14)

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


Price To Earnings Ratio

PE vs Industry: AWO is good value based on its PE Ratio (0.4x) compared to the SG Oil and Gas industry average (10x).

PE vs Market: AWO is good value based on its PE Ratio (0.4x) compared to the SG market (14.4x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: AWO is good value based on its PB Ratio (0.2x) compared to the SG Oil and Gas industry average (0.5x).


Next Steps

Future Growth

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

19.2%

Forecasted Energy industry annual growth in earnings


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 Mirach 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 SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Mirach Energy performed over the past 5 years?

58.9%

Historical annual earnings growth


Earnings and Revenue History

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

Growing Profit Margin: AWO's current net profit margins are higher than last year (35.2%).


Past Earnings Growth Analysis

Earnings Trend: AWO has become profitable over the past 5 years, growing earnings by 58.9% per year.

Accelerating Growth: AWO's earnings growth over the past year (62.7%) exceeds its 5-year average (58.9% per year).

Earnings vs Industry: AWO earnings growth over the past year (62.7%) exceeded the Oil and Gas industry -13.2%.


Return on Equity

High ROE: AWO's Return on Equity (45.2%) is considered outstanding.


Next Steps

Financial Health

How is Mirach Energy's financial position?


Financial Position Analysis

Short Term Liabilities: AWO's short term assets ($7.4M) exceed its short term liabilities ($5.9M).

Long Term Liabilities: AWO's short term assets ($7.4M) exceed its long term liabilities ($2.2M).


Debt to Equity History and Analysis

Debt Level: AWO is debt free.

Reducing Debt: AWO had no debt 5 years ago.

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

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


Balance Sheet


Next Steps

Dividend

What is Mirach Energy current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if AWO'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 AWO's dividend in 3 years as they are not forecast to pay a notable one for the SG market.


Next Steps

Management

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

3.2yrs

Average management tenure


CEO

Cheng Yuan Chen (47 yo)

0.75

Tenure

Mr. Cheng Yuan Chen serves as Vice Chairman of the Board at Mirach Energy Ltd. since May 23, 2019 and serves as its Chief Executive Officer since March 1, 2020. He served as Chairman of Zhejiang Langchuang...


Leadership Team

NamePositionTenureCompensationOwnership
Shut Li Chan
Executive Chairmanno datano data8.02%
$ 130.0k
Cheng Yuan Chen
Vice Chairman & CEO0.75yrno data4.21%
$ 68.2k
Yim Ling Chung
Finance Director3yrsno datano data
Kim Meng Loke
Chief Operating Officer3.17yrsno datano data
Jue Wang
Head of Oil & Gas Operations3.17yrsno datano data
Bee Fong Lee
Company Secretaryno datano datano data
Moi Heyang Lin
Company Secretary7.33yrsno datano data
Juin Lee
Finance Managerno datano datano data

3.2yrs

Average Tenure

59yo

Average Age

Experienced Management: AWO's management team is considered experienced (3.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Shut Li Chan
Executive Chairmanno datano data8.02%
$ 130.0k
Cheng Yuan Chen
Vice Chairman & CEO0.75yrno data4.21%
$ 68.2k
Mei Ling Liu
Independent Director13.67yrsno data0.0086%
$ 140.1
Cheng Guan Loo
Lead Independent Director2.58yrsno datano data
Jun Xiong Lim
Independent Director11.58yrsno datano data
Cheng Kwan Wee
Non-Executive & Non-Independent Director2.67yrsno data5.61%
$ 91.0k
Yizhong Chen
Non-Executive & Non-Independent Director1.58yrsno data2.37%
$ 38.5k

2.6yrs

Average Tenure

57yo

Average Age

Experienced Board: AWO's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

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


Top Shareholders

Company Information

Mirach Energy Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Mirach Energy Limited
  • Ticker: AWO
  • Exchange: SGX
  • Founded: 2003
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: S$1.621m
  • Shares outstanding: 231.62m
  • Website: https://www.mirachenergy.com

Location

  • Mirach Energy Limited
  • SIF Building
  • No. 17-01, 96 Robinson Road
  • Singapore
  • 68899
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AWOSGX (Singapore Exchange)YesOrdinary SharesSGSGDJun 2004
PZV1BST (Boerse-Stuttgart)YesOrdinary SharesDEEURJun 2004

Biography

Mirach Energy Limited, an investment holding company, operates as an oil and gas concession operator in Malaysia and Singapore. It operates through Oilfield Services, Oil Exploration and Oilfield Developme...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/30 11:09
End of Day Share Price2020/10/02 00:00
Earnings2020/09/30
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.