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VOC Energy Trust acquires and holds a term net profits interest of the net proceeds from production and sale of the interests in oil and natural gas properties in the states of Kansas and Texas. The last earnings update was 106 days ago. More info.
7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
---|---|---|---|---|---|---|
VOC Energy Trust (VOC) | -0.2% | 4.8% | 21.2% | -4.5% | 74.4% | -68.5% |
US Oil and Gas | 2.4% | 5% | 2.3% | 0% | 21.9% | -23.8% |
US Market | 1.4% | 5.6% | 5.7% | 2.3% | 44.2% | 40.9% |
Below are the data sources, inputs and calculation used to determine the intrinsic value for VOC Energy Trust.
Data Point | Source | Value |
---|---|---|
Valuation Model | Dividend Discount Model | |
Dividend Per Share | Company Filings (2018-09-30) in USD | $ .745000 |
Payout Ratio | Company Filings (2018-09-30) | 0% |
Discount Rate (Cost of Equity) | See below | 11.1% |
Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
Data Point | Calculation/ Source | Result |
---|---|---|
Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
Equity Risk Premium | S&P Global | 7.3% |
Oil and Gas Unlevered Beta | Simply Wall St/ S&P Global | 0.93 |
Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.933 (1 + (1- 21%) (0%)) |
1.147 |
Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.15 |
Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.147 * 7.27%) |
11.07% |
Discounted Cash Flow Calculation for NYSE:VOC using Dividend Discount Model Model
The calculations below outline how an intrinsic value for VOC Energy Trust is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).
If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.
See our documentation to learn about this calculation.
Calculation | Result | |
---|---|---|
Value per share |
= Expected dividends per share / (Discount Rate - Perpetual growth rate)
= $0.75 / (11.07% - 2.73%) |
$8.94 |
Calculation | Result | |
---|---|---|
Value per share (USD) | From above. | $8.94 |
Current discount | Discount to share price of
$4.83
= -1 x ($4.83 - $8.94) / $8.94 |
46% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Data Point | Source | Value |
---|---|---|
Earnings Per Share * | Company Filings (2018-09-30) in USD | $0.59 |
NYSE:VOC Share Price ** | NYSE (2019-02-21) in USD | $4.83 |
United States of America Oil and Gas Industry PE Ratio | Median Figure of 91 Publicly-Listed Oil and Gas Companies | 12.61x |
United States of America Market PE Ratio | Median Figure of 3,045 Publicly-Listed Companies | 17.39x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of VOC Energy Trust.
Calculation | Outcome | |
---|---|---|
PE Ratio | = NYSE:VOC Share Price ÷ EPS (both in USD) = 4.83 ÷ 0.59 |
8.26x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
Data Point | Source | Value |
---|---|---|
PE Ratio | See PE Ratio Section | 8.26x |
Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts |
Not available |
United States of America Oil and Gas Industry PEG Ratio | Median Figure of 64 Publicly-Listed Oil and Gas Companies | 0.53x |
United States of America Market PEG Ratio | Median Figure of 2,118 Publicly-Listed Companies | 1.44x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
Data Point | Source | Value |
---|---|---|
Book Value per Share | Company Filings (2018-09-30) in USD | $4.22 |
NYSE:VOC Share Price * | NYSE (2019-02-21) in USD | $4.83 |
United States of America Oil and Gas Industry PB Ratio | Median Figure of 194 Publicly-Listed Oil and Gas Companies | 1.13x |
United States of America Market PB Ratio | Median Figure of 5,129 Publicly-Listed Companies | 1.87x |
Calculation | Outcome | |
---|---|---|
PB Ratio | = NYSE:VOC Share Price ÷ Book Value per Share (both in USD) = 4.83 ÷ 4.22 |
1.15x |
* Primary Listing of VOC Energy Trust.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
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 VOC Energy Trust 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.
Data Point | Source | Value (per year) |
---|---|---|
United States of America Oil and Gas Industry Earnings Growth Rate | Market Cap Weighted Average | 10.3% |
United States of America Oil and Gas Industry Revenue Growth Rate | Market Cap Weighted Average | 5.8% |
United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 12.7% |
United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*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.
Data Point | Source | Value |
---|---|---|
Past Financials | Company Filings (4 months ago) | See Below |
Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
---|---|---|---|
2018-09-30 | 11 | 10 | |
2018-06-30 | 9 | 8 | |
2018-03-31 | 9 | 9 | |
2017-12-31 | 8 | 8 | |
2017-09-30 | 8 | 9 | |
2017-06-30 | 8 | 8 | |
2017-03-31 | 6 | 5 | |
2016-12-31 | 5 | 5 | |
2016-09-30 | 5 | 5 | |
2016-06-30 | 6 | 5 | |
2016-03-31 | 8 | 7 | |
2015-12-31 | 9 | 8 |
*GAAP earnings excluding extraordinary items.
Data Point | Source | Value |
---|---|---|
Past Financials | Company Filings (4 months ago) | See Below |
Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
All data from VOC Energy Trust Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
Date (Data in USD Millions) | EPS * |
---|---|
2018-09-30 | 0.59 |
2018-06-30 | 0.50 |
2018-03-31 | 0.53 |
2017-12-31 | 0.50 |
2017-09-30 | 0.50 |
2017-06-30 | 0.48 |
2017-03-31 | 0.32 |
2016-12-31 | 0.29 |
2016-09-30 | 0.29 |
2016-06-30 | 0.31 |
2016-03-31 | 0.42 |
2015-12-31 | 0.47 |
*GAAP earnings excluding extraordinary items.
How has VOC Energy Trust performed over the past 5 years?
All data from VOC Energy Trust Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
---|---|---|---|---|
2018-09-30 | 10.73 | 9.95 | 0.78 | |
2018-06-30 | 9.19 | 8.42 | 0.78 | |
2018-03-31 | 8.51 | 8.93 | 0.79 | |
2017-12-31 | 8.00 | 8.42 | 0.79 | |
2017-09-30 | 8.24 | 8.50 | 0.95 | |
2017-06-30 | 7.80 | 8.16 | 0.85 | |
2017-03-31 | 5.83 | 5.44 | 0.83 | |
2016-12-31 | 5.30 | 4.85 | 0.90 | |
2016-09-30 | 5.31 | 4.85 | 0.91 | |
2016-06-30 | 5.63 | 5.19 | 0.89 | |
2016-03-31 | 7.83 | 7.06 | 0.77 | |
2015-12-31 | 8.63 | 7.99 | 0.64 | |
2015-09-30 | 12.97 | 12.58 | 0.39 | |
2015-06-30 | 17.85 | 17.34 | 0.51 | |
2015-03-31 | 24.20 | 23.46 | 0.74 | |
2014-12-31 | 32.28 | 31.45 | 0.83 | |
2014-09-30 | 35.01 | 34.17 | 0.84 | |
2014-06-30 | 35.43 | 34.51 | 0.92 | |
2014-03-31 | 34.71 | 33.83 | 0.88 | |
2013-12-31 | 29.27 | 28.56 | 0.71 | |
2013-09-30 | 28.22 | 27.37 | 0.85 | |
2013-06-30 | 31.52 | 30.60 | 0.92 | |
2013-03-31 | 34.94 | 34.17 | 0.77 | |
2012-12-31 | 38.11 | 37.23 | 0.88 | |
2012-09-30 | 39.83 | 38.93 | 0.90 |
*GAAP earnings excluding extraordinary items.
How is VOC Energy Trust's financial health and their level of debt?
All data from VOC Energy Trust Company Filings, last reported 4 months ago.
Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
---|---|---|---|
2018-09-30 | 71.70 | 0.00 | 0.39 |
2018-06-30 | 73.58 | 0.00 | 0.24 |
2018-03-31 | 75.51 | 0.00 | 0.19 |
2017-12-31 | 77.71 | 0.00 | 0.32 |
2017-09-30 | 79.80 | 0.00 | 0.39 |
2017-06-30 | 81.68 | 0.00 | 0.33 |
2017-03-31 | 83.53 | 0.00 | 0.22 |
2016-12-31 | 85.47 | 0.00 | 0.24 |
2016-09-30 | 87.50 | 0.00 | 0.27 |
2016-06-30 | 89.45 | 0.00 | 0.27 |
2016-03-31 | 91.39 | 0.00 | 0.16 |
2015-12-31 | 93.46 | 0.00 | 0.25 |
2015-09-30 | 95.41 | 0.00 | 0.15 |
2015-06-30 | 97.33 | 0.00 | 0.18 |
2015-03-31 | 99.32 | 0.00 | 0.19 |
2014-12-31 | 101.60 | 0.00 | 0.42 |
2014-09-30 | 104.06 | 0.00 | 0.56 |
2014-06-30 | 106.37 | 0.00 | 0.43 |
2014-03-31 | 108.62 | 0.00 | 0.27 |
2013-12-31 | 111.44 | 0.00 | 0.45 |
2013-09-30 | 114.15 | 0.00 | 0.53 |
2013-06-30 | 116.75 | 0.00 | 0.31 |
2013-03-31 | 119.35 | 0.00 | 0.24 |
2012-12-31 | 122.35 | 0.00 | 0.47 |
2012-09-30 | 125.01 | 0.00 | 0.44 |
What is VOC Energy Trust's current dividend yield, its reliability and sustainability?
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 |
United States of America Oil and Gas Industry Average Dividend Yield | Market Cap Weighted Average of 61 Stocks | 3.5% |
United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2001 Stocks | 2.5% |
United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
United States of America Top 25% Dividend Yield | 75th Percentile | 3.5% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
---|---|---|
2019-01-17 | 0.745 | 16.342 |
2018-03-14 | 0.525 | 10.737 |
2017-01-19 | 0.320 | 7.683 |
2016-03-15 | 0.415 | 13.409 |
2015-03-12 | 1.380 | 35.559 |
2014-03-13 | 1.990 | 20.617 |
2013-03-15 | 2.010 | 13.764 |
2012-10-18 | 1.840 | 13.653 |
2012-07-19 | 2.400 | 12.856 |
2012-04-19 | 2.760 | 14.082 |
2012-01-19 | 1.760 | 8.136 |
2011-10-18 | 2.240 | 10.365 |
2011-07-20 | 3.440 | 15.886 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
If you're interested in VOC Energy Trust (NYSE:VOC), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.
Simply Wall St - – Full articleand want to better understand how you can grow your money by investing in VOC Energy Trust (NYSE:VOC). … VOC Energy Trust (NYSE:VOC) trades with a trailing P/E of 9.2x, which is lower than the industry average of 13.4x. … While VOC might seem like an attractive stock to buy, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions
Simply Wall St - – Full articleToday I will examine VOC Energy Trust's (NYSE:VOC) latest earnings update (31 December 2017) and compare these figures against its performance over the past couple of years, in addition to how the rest of VOC's industry performed. … See our latest analysis for VOC Energy Trust Did VOC's recent earnings growth beat the long-term trend and the industry? … For VOC Energy Trust, its most recent trailing-twelve-month earnings is US$8.42M, which, relative to the prior year's figure, has increased by a substantial 73.68%.
Simply Wall St - – Full articleUndervalued energy companies are those that trade at a price lower than their actual values, such as VOC Energy Trust and Navios Maritime Midstream Partners. … (NYSE:NAP) Navios Maritime Midstream Partners L.P. … Navios Maritime Midstream Partners was established in 2014 and has a market cap of USD $96.61M, putting it in the small-cap stocks category.
Simply Wall St - – Full articleIt compares a stock’s price per share to the stock’s earnings per share. … Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for VOC Price per share = $4.03 Earnings per share = $0.495 ∴ Price-Earnings Ratio = $4.03 ÷ $0.495 = 8.1x The P/E ratio isn’t a metric you view in isolation and only becomes useful when you compare it against other similar companies. … At 8.1x, VOC’s P/E is lower than its industry peers (11.9x).
Simply Wall St - – Full articleUndervalued energy companies, such as VOC Energy Trust and Navios Maritime Midstream Partners, trade at a price less than their true values. … NYSE:VOC PE PEG Gauge Mar 27th 18 Navios Maritime Midstream Partners L.P. … (NYSE:NAP) Navios Maritime Midstream Partners L.P.
Simply Wall St - – Full articleVOC Energy Trust's beta of 0.92 indicates that the stock value will be less variable compared to the whole stock market. … VOC’s beta indicates it is a stock that investors may find valuable if they want to reduce the overall market risk exposure of their stock portfolio. … This is an interesting conclusion, since both VOC’s size and industry indicates the stock should have a higher beta than it currently has.
Simply Wall St - – Full articleView our latest analysis for VOC Energy Trust Breaking down Return on Equity Return on Equity (ROE) is a measure of VOC Energy Trust’s profit relative to its shareholders’ equity. … Return on Equity = Net Profit ÷ Shareholders Equity ROE is measured against cost of equity in order to determine the efficiency of VOC Energy Trust’s equity capital deployed. … Currently, VOC Energy Trust has no debt which means its returns are driven purely by equity capital.
Simply Wall St - – Full articleView our latest analysis for VOC Energy Trust 5 questions I ask before picking a dividend stock If you are a dividend investor, you should always assess these five key metrics: Is it paying an annual yield above 75% of dividend payers? … NYSE:VOC Historical Dividend Yield Feb 28th 18 How well does VOC Energy Trust fit our criteria? … Compared to its peers, VOC Energy Trust has a yield of 6.53%, which is high for Oil and Gas stocks.Next Steps: After digging a little deeper into VOC Energy Trust's yield, it's easy to see why you should be cautious investing in the company just for the dividend.
Simply Wall St - – Full articleImportant news for shareholders and potential investors in VOC Energy Trust (NYSE:VOC): The dividend payment of $0.11 per share will be distributed into shareholder on 14 February 2018, and the stock will begin trading ex-dividend at an earlier date, 29 January 2018. … View our latest analysis for VOC Energy Trust 5 questions I ask before picking a dividend stock If you are a dividend investor, you should always assess these five key metrics: Is their annual yield among the top 25% of dividend payers? … NYSE:VOC Historical Dividend Yield Jan 25th 18 Does VOC Energy Trust pass our checks?
Simply Wall St - – Full article
VOC Energy Trust acquires and holds a term net profits interest of the net proceeds from production and sale of the interests in oil and natural gas properties in the states of Kansas and Texas. The company has a 80% term net profits interest of the net proceeds on the underlying properties. As of December 31, 2017, its underlying properties had interests in 492.5 net producing wells and 55,736.9 net acres; and had proved reserves of approximately 3.4 million barrels of oil equivalent (MMBoe) attributable to the portion of the Kansas underlying properties, and approximately 4.6 MMBoe attributable to the Texas underlying properties. VOC Energy Trust was founded in 2010 and is based in Houston, Texas.
Name: | VOC Energy Trust |
VOC | |
Exchange: | NYSE |
Founded: | 2010 |
$82,450,000 | |
17,000,000 | |
Website: | http:// |
Address: |
VOC Energy Trust 601 Travis Street, Floor 16, Houston, Texas, 77002, United States |
Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
---|---|---|---|---|---|---|---|
NYSE | VOC | Trust units | New York Stock Exchange | US | USD | 05. May 2011 |
Oil and Gas Exploration and Production | |
Energy |
Area | Date (UTC time) |
---|---|
Company Analysis updated: | 2019/02/22 00:39 |
End of day share price update: | 2019/02/21 00:00 |
Last earnings filing: | 2018/11/08 |
Last earnings reported: | 2018/09/30 |
Last annual earnings reported: | 2017/12/31 |
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.