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Serica Energy

OTCPK:SQZZ.F
Snowflake Description

Undervalued with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SQZZ.F
OTCPK
£363M
Market Cap
  1. Home
  2. US
  3. Energy
Company description

Serica Energy plc engages in the identification, acquisition, exploration, and exploitation of oil and gas reserves. The last earnings update was 35 days ago. More info.


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SQZZ.F Share Price and Events
7 Day Returns
0.8%
OTCPK:SQZZ.F
0.9%
US Oil and Gas
1.6%
US Market
1 Year Returns
2336.6%
OTCPK:SQZZ.F
-17.5%
US Oil and Gas
2.6%
US Market
SQZZ.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Serica Energy (SQZZ.F) 0.8% 82.4% - 2336.6% 1983.3% 643.2%
US Oil and Gas 0.9% -4.9% -3.1% -17.5% -0.8% -32.9%
US Market 1.6% -1.7% 2.1% 2.6% 38.5% 41.4%
1 Year Return vs Industry and Market
  • SQZZ.F outperformed the Oil and Gas industry which returned -17.5% over the past year.
  • SQZZ.F outperformed the Market in United States of America which returned 2.6% over the past year.
Price Volatility
SQZZ.F
Industry
5yr Volatility vs Market

Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Serica Energy to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Serica Energy.

OTCPK:SQZZ.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.1%
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.

Calculation of Discount Rate/ Cost of Equity for OTCPK:SQZZ.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6.7%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.9
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.9 (1 + (1- 19%) (4.38%))
0.954
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.95
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.954 * 6.65%)
9.07%

Discounted Cash Flow Calculation for OTCPK:SQZZ.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Serica Energy is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:SQZZ.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.07%)
2019 103.50 Analyst x1 94.89
2020 133.70 Analyst x1 112.38
2021 158.58 Est @ 18.61% 122.20
2022 180.53 Est @ 13.84% 127.54
2023 199.50 Est @ 10.51% 129.22
2024 215.81 Est @ 8.18% 128.16
2025 229.93 Est @ 6.54% 125.18
2026 242.35 Est @ 5.4% 120.96
2027 253.49 Est @ 4.6% 116.00
2028 263.72 Est @ 4.04% 110.64
Present value of next 10 years cash flows $1,187.17
OTCPK:SQZZ.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $263.72 × (1 + 2.73%) ÷ (9.07% – 2.73%)
$4,270.17
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $4,270.17 ÷ (1 + 9.07%)10
$1,791.48
OTCPK:SQZZ.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,187.17 + $1,791.48
$2,978.64
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,978.64 / 265.03
$12.3
OTCPK:SQZZ.F Discount to Share Price
Calculation Result
Exchange Rate USD/GBP
(Reporting currency to currency of AIM:SQZ)
0.784
Value per Share
(GBP)
= Value per Share in USD x Exchange Rate (USD/GBP)
= $11.24 x 0.784
£8.81
Non-primary Listing Adjustment Factor 1 share in OTCPK:SQZZ.F represents 0.91374x of AIM:SQZ
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.91374x
Value per Share
(Listing Adjusted, USD)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 8.81 x 0.91374
$8.05
Value per share (USD) From above. $8.05
Current discount Discount to share price of $1.25
= -1 x ($1.25 - $8.05) / $8.05
84.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Serica Energy is available for.
Intrinsic value
>50%
Share price is $1.25 vs Future cash flow value of $8.05
Current Discount Checks
For Serica Energy to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Serica Energy's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Serica Energy's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Serica Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Serica Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:SQZZ.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.28
AIM:SQZ Share Price ** AIM (2019-05-20) in GBP £1.37
AIM:SQZ Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.276 $1.75
United States of America Oil and Gas Industry PE Ratio Median Figure of 101 Publicly-Listed Oil and Gas Companies 13.25x
United States of America Market PE Ratio Median Figure of 3,087 Publicly-Listed Companies 17.74x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Serica Energy.

OTCPK:SQZZ.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AIM:SQZ Share Price ÷ EPS (both in USD)

= 1.75 ÷ 0.28

6.17x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Serica Energy is good value based on earnings compared to the US Oil and Gas industry average.
  • Serica Energy is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Serica Energy's expected growth come at a high price?
Raw Data
OTCPK:SQZZ.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.17x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
18.1%per year
United States of America Oil and Gas Industry PEG Ratio Median Figure of 76 Publicly-Listed Oil and Gas Companies 0.52x
United States of America Market PEG Ratio Median Figure of 2,123 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

OTCPK:SQZZ.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.17x ÷ 18.1%

0.34x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Serica Energy is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Serica Energy's assets?
Raw Data
OTCPK:SQZZ.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $0.67
AIM:SQZ Share Price * AIM (2019-05-20) in GBP £1.37
AIM:SQZ Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.276 $1.75
United States of America Oil and Gas Industry PB Ratio Median Figure of 196 Publicly-Listed Oil and Gas Companies 1.09x
United States of America Market PB Ratio Median Figure of 5,202 Publicly-Listed Companies 1.84x
OTCPK:SQZZ.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AIM:SQZ Share Price ÷ Book Value per Share (both in USD)

= 1.75 ÷ 0.67

2.6x

* Primary Listing of Serica Energy.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Serica Energy is overvalued based on assets compared to the US Oil and Gas industry average.
X
Value checks
We assess Serica Energy's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Serica Energy has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Serica Energy expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
18.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Serica Energy expected to grow at an attractive rate?
  • Serica Energy's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Serica Energy's earnings growth is expected to exceed the United States of America market average.
  • Serica Energy's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:SQZZ.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:SQZZ.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 18.1%
OTCPK:SQZZ.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 41.3%
United States of America Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13%
United States of America Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 4.5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.8%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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.

Analysts growth expectations
Raw Data
OTCPK:SQZZ.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:SQZZ.F Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 408 201 121 1
2020-12-31 417 236 105 4
2019-12-31 358 196 82 4
OTCPK:SQZZ.F Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 46 -14 75
2018-09-30 30 -11 37
2018-06-30 15 -7 -2
2018-03-31 23 5 8
2017-12-31 32 18 17
2017-09-30 35 17 21
2017-06-30 38 17 24
2017-03-31 30 9 17
2016-12-31 21 0 11
2016-09-30 25 5 8
2016-06-30 28 10 5
2016-03-31 26 9 6

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Serica Energy's earnings are expected to grow by 18.1% yearly, however this is not considered high growth (20% yearly).
  • Serica Energy's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:SQZZ.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Serica Energy Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:SQZZ.F Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31 0.56 0.56 0.56 1.00
2019-12-31 0.55 0.55 0.55 1.00
OTCPK:SQZZ.F Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.28
2018-09-30 0.14
2018-06-30 -0.01
2018-03-31 0.03
2017-12-31 0.06
2017-09-30 0.08
2017-06-30 0.09
2017-03-31 0.07
2016-12-31 0.04
2016-09-30 0.03
2016-06-30 0.02
2016-03-31 0.02

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Serica Energy will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Serica Energy's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Serica Energy has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Serica Energy performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Serica Energy's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Serica Energy has delivered over 20% year on year earnings growth in the past 5 years.
  • Serica Energy's 1-year earnings growth exceeds its 5-year average (336.9% vs 64.9%)
  • Serica Energy's earnings growth has exceeded the US Oil and Gas industry average in the past year (336.9% vs 31.8%).
Earnings and Revenue History
Serica Energy's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Serica Energy Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:SQZZ.F Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 45.75 74.72 5.29
2018-09-30 30.19 36.54 4.12
2018-06-30 14.63 -1.64 2.95
2018-03-31 23.30 7.73 2.65
2017-12-31 31.97 17.10 2.34
2017-09-30 34.79 20.53 2.20
2017-06-30 37.62 23.97 2.06
2017-03-31 29.52 17.41 2.10
2016-12-31 21.43 10.85 2.15
2016-09-30 24.50 7.73 2.13
2016-06-30 27.57 4.62 2.12
2016-03-31 25.79 5.68 2.41
2015-12-31 24.02 6.75 2.70
2015-09-30 13.10 -13.48 3.27
2015-06-30 2.19 -33.71 3.84
2015-03-31 1.09 -34.67 4.24
2014-12-31 -35.62 4.63
2014-06-30 -5.12 4.96
2014-03-31 -5.13 4.83
2013-12-31 -5.13 4.71
2013-06-30 -8.46 -15.39 4.94
2013-03-31 -4.04 -16.27 5.34
2012-12-31 -16.38 5.84
2012-09-30 17.29 -13.98 6.25
2012-06-30 20.38 -14.42 6.46

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Serica Energy made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • Serica Energy used its assets more efficiently than the US Oil and Gas industry average last year based on Return on Assets.
  • Serica Energy's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Serica Energy's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Serica Energy has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Serica Energy's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Serica Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Serica Energy's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Serica Energy's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Serica Energy's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 6.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Serica Energy Company Filings, last reported 4 months ago.

OTCPK:SQZZ.F Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 177.77 20.24 54.89
2018-09-30 177.77 20.24 54.89
2018-06-30 94.28 3.91 21.02
2018-03-31 94.28 3.91 21.02
2017-12-31 102.30 3.83 33.98
2017-09-30 102.30 3.83 33.98
2017-06-30 95.46 0.00 30.68
2017-03-31 95.46 0.00 30.68
2016-12-31 85.10 0.00 16.59
2016-09-30 85.10 0.00 16.59
2016-06-30 71.43 0.00 20.82
2016-03-31 71.43 0.00 20.82
2015-12-31 74.17 0.00 21.60
2015-09-30 74.17 0.00 21.60
2015-06-30 67.17 0.00 13.90
2015-03-31 67.17 0.00 13.90
2014-12-31 66.34 0.00 9.89
2014-06-30 99.32 0.00 19.45
2014-03-31 99.32 0.00 19.45
2013-12-31 102.08 0.00 26.06
2013-06-30 86.76 0.00 14.88
2013-03-31 86.76 0.00 14.88
2012-12-31 88.63 0.00 22.35
2012-09-30 104.75 0.00 25.06
2012-06-30 107.54 0.00 23.28
  • Serica Energy's level of debt (11.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 11.4% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 332.2x coverage).
X
Financial health checks
We assess Serica Energy's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Serica Energy has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Serica Energy dividends. Estimated to be 0% next year.
If you bought $2,000 of Serica Energy shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Serica Energy's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Serica Energy's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:SQZZ.F Annualized Past and Future Dividends
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 4 Analyst Estimates (S&P Global) See Below
United States of America Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 66 Stocks 3.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2003 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 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:SQZZ.F Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Serica Energy has not reported any payouts.
  • Unable to verify if Serica Energy's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Serica Energy's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Serica Energy has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Serica Energy's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Serica Energy's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Serica Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Serica Energy has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mitch Flegg
COMPENSATION $577,000
AGE 58
TENURE AS CEO 1.5 years
CEO Bio

Mr. Mitchell Robert Flegg, also known as Mitch, has been the Chief Executive Officer and Director of Serica Energy PLC since November 21, 2017. Mr Flegg has been the Chief Executive Officer and Executive Director of Circle Oil plc since June 1, 2015. Mr. Flegg served as the Chief Operating Officer of Serica Energy PLC from March 31, 2011 to May 29, 2015. He was responsible for the successful drilling operations of Serica's wells over the past 5 years and for the field developments at Kambuna and Columbus. He joined Serica in 2006 and has, since then, been responsible for the successful execution of Serica's drilling programme both as Operator and non-Operator, which included 17 wells drilled in locations as diverse as offshore Indonesia, offshore Vietnam, the North Sea, the East Irish Sea and the Atlantic off the west coast of Ireland and has represented Serica in the Company's joint venture interests. As Chief Operating Officer, he is responsible for the current seismic acquisition programme offshore Namibia, the development of the Columbus field in the North Sea, the numerous other interests in the UK and west of Ireland which Serica operates and the overall operational management of the Company's assets. He has 31 years operational experience in the oil industry. He started his career in 1981, gaining field experience with Schlumberger and Flopetrol. In 1992 he joined Enterprise Oil, subsequently becoming responsible for drilling related operations for wells drilled in UK, Australia, Cambodia, Vietnam, Ireland, Romania and Bulgaria. Following the acquisition of Enterprise Oil by Shell in 2002 he worked on the global implementation of new technology in well engineering before moving into asset management. With Serica, as well as managing Serica's drilling programme, he has been responsible for the development of both the Kambuna field in Indonesia and the Columbus field in the North Sea. He has a wealth of operating experience to the Serica Board. Mr. Flegg serves a Director of the Serica Holdings UK Limited. He served as an Executive Director of Serica Energy PLC from September 5, 2012 to May 29, 2015.

CEO Compensation
  • Mitch's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Mitch's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure of the Serica Energy management team in years:

3.9
Average Tenure
  • The tenure for the Serica Energy management team is about average.
Management Team

Tony Walker

TITLE
Executive Chairman
COMPENSATION
$653K
AGE
74
TENURE
3.9 yrs

Mitch Flegg

TITLE
CEO & Director
COMPENSATION
$577K
AGE
58
TENURE
1.5 yrs

Mike Killeen

TITLE
Vice President of Operations
TENURE
1.3 yrs

Clara Altobell

TITLE
Vice President of Technical

Danny Fewkes

TITLE
Group Treasurer
TENURE
3.9 yrs

Amanda Bateman

TITLE
Company Secretary
TENURE
3.9 yrs

Michael Renolds

TITLE
Exploration Consultant of Indonesia
Board of Directors Tenure

Average tenure and age of the Serica Energy board of directors in years:

1.5
Average Tenure
68.5
Average Age
  • The average tenure for the Serica Energy board of directors is less than 3 years, this suggests a new board.
Board of Directors

Tony Walker

TITLE
Executive Chairman
COMPENSATION
$653K
AGE
74
TENURE
14.8 yrs

Mitch Flegg

TITLE
CEO & Director
COMPENSATION
$577K
AGE
58
TENURE
1.5 yrs

Neil Pike

TITLE
Senior Independent Director
COMPENSATION
$67K
AGE
72

Ian Vann

TITLE
Non-Executive Director
COMPENSATION
$67K
AGE
69
TENURE
11.8 yrs

Malcolm Webb

TITLE
Independent Non-Executive Director
COMPENSATION
$5K
AGE
68
TENURE
0.5 yrs

Trevor Garlick

TITLE
Independent Non-Executive Director
COMPENSATION
$5K
AGE
60
TENURE
0.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
11. Dec 18 Buy Malcolm Webb Individual 10. Dec 18 10. Dec 18 44,681 $1.37 $61,348
X
Management checks
We assess Serica Energy's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Serica Energy has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Serica Energy plc engages in the identification, acquisition, exploration, and exploitation of oil and gas reserves. The company holds exploration, development, and production assets in the United Kingdom, as well as exploration interests in the Atlantic margins offshore Ireland and Namibia; and an 18% non-operated interest in the Erskine field in the Central North Sea. Serica Energy plc was founded in 2004 and is based in London, the United Kingdom.

Details
Name: Serica Energy plc
SQZZ.F
Exchange: OTCPK
Founded: 2004
£462,546,286
265,027,526
Website: http://www.serica-energy.com
Address: Serica Energy plc
48 George Street,
First Floor,
London,
Greater London, W1U 7DY,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM SQZ Ordinary Shares London Stock Exchange AIM Market GB GBP 30. Jan 2004
OTCPK SQZZ.F Ordinary Shares Pink Sheets LLC US USD 30. Jan 2004
DB A3P Ordinary Shares Deutsche Boerse AG DE EUR 30. Jan 2004
Number of employees
Current staff
Staff numbers
22
Serica Energy employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/22 06:32
End of day share price update: 2019/05/20 00:00
Last estimates confirmation: 2019/05/08
Last earnings filing: 2019/04/17
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.