OTCPK:ICNO.F

Stock Analysis Report

Executive Summary

Icon Energy Limited engages in exploration, appraisal, and development of oil and gas properties in Australia.

Snowflake

Fundamentals

Flawless balance sheet and overvalued.

Risks

  • Icon Energy is not covered by any analysts.

Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0%

OTCPK:ICNO.F

2.9%

US Oil and Gas

2.9%

US Market


1 Year Return

-96.7%

OTCPK:ICNO.F

-22.7%

US Oil and Gas

0.2%

US Market

ICNO.F underperformed the Oil and Gas industry which returned -19.8% over the past year.

ICNO.F underperformed the Market in United States of America which returned -8.4% over the past year.


Share holder returns

ICNO.FIndustryMarket
7 Day0%2.9%2.9%
30 Day0%-7.9%-2.3%
90 Dayn/a-6.6%3.1%
1 Year-96.7%-96.7%-19.9%-22.7%2.4%0.2%
3 Yearn/a-6.3%-14.7%41.7%32.4%
5 Year-99.9%-99.9%-33.0%-42.0%55.1%37.9%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Icon Energy undervalued based on future cash flows and its price relative to the stock market?

0.31x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Icon Energy to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Icon Energy to establish if it is available at substantial discount.


Price Based on Earnings

Icon Energy is loss making, we can't compare its value to the US Oil and Gas industry average.

Icon Energy is loss making, we can't compare the value of its earnings to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Icon Energy, we can't assess if its growth is good value.


Price Based on Value of Assets

Icon Energy is good value based on assets compared to the US Oil and Gas industry average.


Next Steps

Future Growth

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

14.3%

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 Icon 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

  • Examine Icon Energy's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Icon Energy's filings and announcements here.
  • Explore growth companies in the Energy industry.

Past Performance

How has Icon Energy performed over the past 5 years?

-46.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Icon Energy does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare Icon Energy's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Icon Energy's 1-year growth to the US Oil and Gas industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Icon Energy has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if Icon Energy has efficiently used its assets last year compared to the US Oil and Gas industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Icon Energy improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Icon Energy's financial position?


Financial Position Analysis

Icon Energy is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Icon Energy's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Icon Energy has no debt.

Icon Energy has no debt compared to 5 years ago when it was 7.2%.


Balance Sheet

High level of physical assets or inventory.

Icon Energy has no debt, it does not need to be 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.

Icon Energy has sufficient cash runway for more than 3 years based on current free cash flow.

Icon Energy has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 89.2% each year.


Next Steps

Dividend

What is Icon Energy's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Icon Energy's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Icon Energy's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Icon Energy has not reported any payouts.

Unable to verify if Icon Energy's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Icon Energy has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

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

8.4yrs

Average management tenure


CEO

Ray James 0

25.8yrs

Tenure

AU$649,022

Compensation

Mr. Raymond Swinbum James, also known as Ray, has been Managing Director at Icon Energy Limited since February 7,1993 and served as its Chief Geophysicist and Director of Exploration. Mr. James has been th ...


CEO Compensation Analysis

Ray's remuneration is higher than average for companies of similar size in United States of America.

Ray's compensation has increased whilst company is loss making.


Management Age and Tenure

8.4yrs

Average Tenure

The average tenure for the Icon Energy management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

9.7yrs

Average Tenure

The tenure for the Icon Energy board of directors is about average.


Insider Trading

No 3 month insider trading information.


Ownership Breakdown


Management Team

  • Ray James

    MD & Executive Director

    • Tenure: 25.8yrs
    • Compensation: AU$649.02k
  • Kevin Jih

    CFO, Company Secretary & Executive Director

    • Tenure: 7.1yrs
    • Compensation: AU$500.08k
  • Martin Berry

    Exploration Manager

    • Tenure: 5.3yrs
    • Compensation: AU$357.15k

Board Members

  • Keith Hilless

    Non-Executive Director

    • Tenure: 9.7yrs
    • Compensation: AU$77.36k
  • Ray James

    MD & Executive Director

    • Tenure: 25.8yrs
    • Compensation: AU$649.02k
  • Stephen Barry

    Non-Executive Chairman

    • Tenure: 10.0yrs
    • Compensation: AU$104.46k
  • Derek James Murphy (71yo)

    Non-Executive Director

    • Tenure: 9.8yrs
    • Compensation: AU$83.77k
  • Kevin Jih

    CFO, Company Secretary & Executive Director

    • Tenure: 7.1yrs
    • Compensation: AU$500.08k
  • Howard Lu

    Non-Executive Director

    • Tenure: 7.9yrs
    • Compensation: AU$68.99k

Company Information

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


Key Information

  • Name: Icon Energy Limited
  • Ticker: ICNO.F
  • Exchange: OTCPK
  • Founded: 1993
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: AU$13.146m
  • Listing Market Cap: AU$9.259m
  • Shares outstanding: 597.56m
  • Website: https://www.iconenergy.com

Number of Employees


Location

  • Icon Energy Limited
  • 4 Miami Key
  • Broadbeach Waters
  • Gold Coast
  • Queensland
  • 4218
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ICNASX (Australian Securities Exchange)YesOrdinary SharesAUAUDSep 1997
ICNO.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDSep 1997
ICNCHIA (Chi-X Australia)YesOrdinary SharesAUAUDSep 1997

Biography

Icon Energy Limited engages in exploration, appraisal, and development of oil and gas properties in Australia. It holds interests in the Cooper/Eromanga and Surat basins located in Queensland. The company  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2018/12/30 00:20
End of Day Share Price2018/10/05 00:00
Earnings2018/06/30
Annual Earnings2018/06/30


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.