AMEX:BRN

Stock Analysis Report

Barnwell Industries

Executive Summary

Barnwell Industries, Inc. acquires, develops, produces, and sells oil and natural gas in Canada.

Snowflake

Fundamentals

Mediocre balance sheet and overvalued.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-3.5%

BRN

-0.2%

US Oil and Gas

-0.2%

US Market


1 Year Return

-76.9%

BRN

-11.8%

US Oil and Gas

16.1%

US Market

Return vs Industry: BRN underperformed the US Oil and Gas industry which returned -11.8% over the past year.

Return vs Market: BRN underperformed the US Market which returned 16.1% over the past year.


Shareholder returns

BRNIndustryMarket
7 Day-3.5%-0.2%-0.2%
30 Day-9.3%0.5%3.7%
90 Day-49.8%6.3%8.5%
1 Year-76.9%-76.9%-8.6%-11.8%18.7%16.1%
3 Year-76.9%-76.9%-8.6%-17.0%46.9%37.4%
5 Year-84.1%-84.1%-20.5%-32.1%61.8%44.0%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

0.4x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate BRN's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate BRN's fair value to establish if it is undervalued.


Price To Earnings Ratio

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

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: BRN is good value based on its PB Ratio (0.4x) compared to the US Oil and Gas industry average (0.8x).


Next Steps

Future Growth

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

15.6%

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 Barnwell Industries 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 Barnwell Industries performed over the past 5 years?

-56.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BRN has large one-off items impacting its financial results.

Growing Profit Margin: BRN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BRN is unprofitable, and losses have increased over the past 5 years at a rate of -56.5% per year.

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

Earnings vs Industry: BRN is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-10.9%).


Return on Equity

High ROE: BRN has a negative Return on Equity (-115.24%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Barnwell Industries's financial position?


Financial Position Analysis

Short Term Liabilities: BRN's short term assets ($9.3M) exceeds its short term liabilities ($5.0M)

Long Term Liabilities: BRN's short term assets ($9.3M) do not cover its long term liabilities (11.7M)


Debt to Equity History and Analysis

Debt Level: BRN is debt free.

Reducing Debt: BRN has no debt compared to 5 years ago when its debt to equity ratio was 81.3%.


Balance Sheet

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

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


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: BRN has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: BRN has less than a year of cash runway if free cash flow continues to reduce at historical rates of -91.3% each year


Next Steps

Dividend

What is Barnwell Industries's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%1.4%markettop25%3.7%industryaverage4.1%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

High Dividend: Unable to evaluate BRN's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if BRN's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: BRN is not paying a notable dividend for the US market.


Future Payout to Shareholders

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


Next Steps

Management

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

16.7yrs

Average board tenure


CEO

Alexander Kinzler (60yo)

2.9yrs

Tenure

US$481,356

Compensation

Mr. Alexander C. Kinzler has been the President and Chief Operating Officer of Barnwell Industries Inc. since December 2002 and has been its Chief Executive Officer since December 31, 2016. Mr. Kinzler has ...


CEO Compensation Analysis

Compensation vs Market: Alexander's total compensation ($USD481.36K) is about average for companies of similar size in the US market ($USD504.52K).

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


Board Age and Tenure

16.7yrs

Average Tenure

64yo

Average Age

Experienced Board: BRN's board of directors are seasoned and experienced ( 16.7 years average tenure).


Insider Trading

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


Recent Insider Transactions

BuyUS$2,95020 Sep 19
James Barnwell
EntityIndividual
Role
Chairman of the Board
Independent Chairman
Shares5,000
Max PriceUS$0.59
BuyUS$6,07223 Aug 19
Alexander Kinzler
EntityIndividual
Role
Chief Executive Officer
President
Shares8,000
Max PriceUS$0.76
BuyUS$75923 Aug 19
Kevin Takata
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,000
Max PriceUS$0.76
BuyUS$5,00023 Jul 19
James Barnwell
EntityIndividual
Role
Chairman of the Board
Independent Chairman
Shares5,000
Max PriceUS$1.00
BuyUS$6,00012 Jul 19
James Barnwell
EntityIndividual
Role
Chairman of the Board
Independent Chairman
Shares6,000
Max PriceUS$1.00
BuyUS$4,04012 Jul 19
Murray Gardner
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares4,000
Max PriceUS$1.01
BuyUS$9,94110 Jul 19
Alexander Kinzler
EntityIndividual
Role
Chief Executive Officer
President
Shares10,000
Max PriceUS$1.00
BuyUS$2,64024 May 19
James Barnwell
EntityIndividual
Role
Chairman of the Board
Independent Chairman
Shares2,000
Max PriceUS$1.32
BuyUS$3,83221 May 19
Murray Gardner
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares2,881
Max PriceUS$1.33
BuyUS$9,00001 Feb 19
Martin Anderson
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares6,000
Max PriceUS$1.50
BuyUS$3,49409 Jan 19
Murray Gardner
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares2,500
Max PriceUS$1.40
BuyUS$7,66531 Dec 18
Alexander Kinzler
EntityIndividual
Role
Chief Executive Officer
President
Shares5,000
Max PriceUS$1.53
SellUS$6,29531 Dec 18
Martin Anderson
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares5,000
Max PriceUS$1.29

Ownership Breakdown

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


Management Team

  • Russell Gifford (64yo)

    CFO, Executive VP

    • Tenure: 16.7yrs
    • Compensation: US$454.22k
  • Alexander Kinzler (60yo)

    President

    • Tenure: 2.9yrs
    • Compensation: US$481.36k

Board Members

  • Russell Gifford (64yo)

    CFO, Executive VP

    • Tenure: 16.7yrs
    • Compensation: US$454.22k
  • Alexander Kinzler (60yo)

    President

    • Tenure: 2.9yrs
    • Compensation: US$481.36k
  • Martin Anderson (95yo)

    Independent Director

    • Tenure: 34.8yrs
    • Compensation: US$32.50k
  • Murray Gardner (86yo)

    Independent Director

    • Tenure: 23.8yrs
    • Compensation: US$35.00k
  • Kevin Takata (62yo)

    Independent Director

    • Tenure: 15.8yrs
    • Compensation: US$37.38k
  • Robert Inglima (60yo)

    Independent Director

    • Tenure: 12.1yrs
    • Compensation: US$47.50k
  • James Barnwell (73yo)

    Independent Chairman

    • Tenure: 2.1yrs
    • Compensation: US$81.63k

Company Information

Barnwell Industries, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Barnwell Industries, Inc.
  • Ticker: BRN
  • Exchange: AMEX
  • Founded: 1956
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: US$3.278m
  • Shares outstanding: 8.28m
  • Website: https://www.brninc.com

Number of Employees


Location

  • Barnwell Industries, Inc.
  • 1100 Alakea Street
  • Suite 2900
  • Honolulu
  • Hawaii
  • 96813
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BRNAMEX (NYSE MKT LLC)YesCommon StockUSUSDJan 1968

Biography

Barnwell Industries, Inc. acquires, develops, produces, and sells oil and natural gas in Canada. The company operates through three segments: Oil and Natural Gas, Land Investment, and Contract Drilling. Th ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/21 23:33
End of Day Share Price2019/11/21 00:00
Earnings2019/06/30
Annual Earnings2018/09/30


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.