New Risk • Apr 05
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 167% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 100% Cash payout ratio: 193% Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.1% net profit margin). Market cap is less than US$100m (RON155.2m market cap, or US$35.1m). New Risk • Mar 02
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.0% Last year net profit margin: 14% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 167% Dividend per share is over 5x cash flows per share. Minor Risks Profit margins are more than 30% lower than last year (7.0% net profit margin). Market cap is less than US$100m (RON160.8m market cap, or US$37.3m). Reported Earnings • Mar 02
Full year 2025 earnings released: EPS: RON0.017 (vs RON0.037 in FY 2024) Full year 2025 results: EPS: RON0.017 (down from RON0.037 in FY 2024). Revenue: RON66.5m (down 11% from FY 2024). Net income: RON4.65m (down 55% from FY 2024). Profit margin: 7.0% (down from 14% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has remained flat. Duyuru • Jan 27
Rompetrol Well Services SA, Annual General Meeting, Apr 28, 2026 Rompetrol Well Services SA, Annual General Meeting, Apr 28, 2026. Reported Earnings • Nov 29
Third quarter 2025 earnings released: RON0.002 loss per share (vs RON0.004 profit in 3Q 2024) Third quarter 2025 results: RON0.002 loss per share (down from RON0.004 profit in 3Q 2024). Revenue: RON14.6m (down 19% from 3Q 2024). Net loss: RON533.4k (down 146% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Aug 16
Second quarter 2025 earnings released: EPS: RON0.005 (vs RON0.008 in 2Q 2024) Second quarter 2025 results: EPS: RON0.005 (down from RON0.008 in 2Q 2024). Revenue: RON17.7m (down 3.9% from 2Q 2024). Net income: RON1.51m (down 30% from 2Q 2024). Profit margin: 8.5% (down from 12% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jun 26
Upcoming dividend of RON0.037 per share Eligible shareholders must have bought the stock before 03 July 2025. Payment date: 22 July 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 5.3%. Lower than top quartile of Romanian dividend payers (6.5%). Lower than average of industry peers (6.2%). New Risk • May 04
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 30% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 100% Cash payout ratio: 171% Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (RON163.0m market cap, or US$37.0m). Reported Earnings • May 02
Full year 2024 earnings released: EPS: RON0.037 (vs RON0.042 in FY 2023) Full year 2024 results: EPS: RON0.037 (down from RON0.042 in FY 2023). Revenue: RON74.7m (up 2.9% from FY 2023). Net income: RON10.3m (down 13% from FY 2023). Profit margin: 14% (down from 16% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Upcoming Dividend • Mar 28
Upcoming dividend of RON0.037 per share Eligible shareholders must have bought the stock before 03 April 2025. Payment date: 22 July 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 7.3%. Lower than top quartile of Romanian dividend payers (7.6%). Higher than average of industry peers (6.0%). Reported Earnings • Mar 06
Full year 2024 earnings released: EPS: RON0.037 (vs RON0.042 in FY 2023) Full year 2024 results: EPS: RON0.037 (down from RON0.042 in FY 2023). Revenue: RON77.0m (up 6.1% from FY 2023). Net income: RON10.3m (down 13% from FY 2023). Profit margin: 13% (down from 16% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. New Risk • Nov 19
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 10% Last year net profit margin: 15% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 166% Cash payout ratio: 400% Earnings have declined by 4.0% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (10% net profit margin). Market cap is less than US$100m (RON166.9m market cap, or US$35.5m). Reported Earnings • Aug 20
Second quarter 2024 earnings released: EPS: RON0.008 (vs RON0.014 in 2Q 2023) Second quarter 2024 results: EPS: RON0.008 (down from RON0.014 in 2Q 2023). Revenue: RON18.5m (down 2.8% from 2Q 2023). Net income: RON2.14m (down 46% from 2Q 2023). Profit margin: 12% (down from 21% in 2Q 2023). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 18
Upcoming dividend of RON0.042 per share Eligible shareholders must have bought the stock before 25 June 2024. Payment date: 12 July 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 6.0%. Lower than top quartile of Romanian dividend payers (7.3%). Higher than average of industry peers (4.0%). Reported Earnings • May 19
First quarter 2024 earnings released: EPS: RON0.007 (vs RON0.009 in 1Q 2023) First quarter 2024 results: EPS: RON0.007 (down from RON0.009 in 1Q 2023). Revenue: RON18.2m (flat on 1Q 2023). Net income: RON1.99m (down 21% from 1Q 2023). Profit margin: 11% (down from 14% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. New Risk • Mar 27
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 100% Cash payout ratio: 175% Dividend yield: 6.5% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 100% Cash payout ratio: 175% Earnings have declined by 30% per year over the past 5 years. Minor Risk Market cap is less than US$100m (RON181.9m market cap, or US$39.6m). Reported Earnings • Mar 03
Full year 2023 earnings released: EPS: RON0.042 (vs RON0.009 in FY 2022) Full year 2023 results: EPS: RON0.042 (up from RON0.009 in FY 2022). Revenue: RON73.5m (up 39% from FY 2022). Net income: RON11.8m (up 380% from FY 2022). Profit margin: 16% (up from 4.6% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 17
Third quarter 2023 earnings released: EPS: RON0.013 (vs RON0.007 in 3Q 2022) Third quarter 2023 results: EPS: RON0.013 (up from RON0.007 in 3Q 2022). Revenue: RON19.9m (up 33% from 3Q 2022). Net income: RON3.54m (up 79% from 3Q 2022). Profit margin: 18% (up from 13% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Oct 02
Now 21% undervalued Over the last 90 days, the stock is up 1.9%. The fair value is estimated to be RON0.67, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.3% over the last 3 years. Meanwhile, the company has become profitable. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. GM & Director Georgian Florea was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Sep 28
Upcoming dividend of RON0.17 per share Eligible shareholders must have bought the stock before 05 October 2022. Payment date: 25 October 2022. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 0.8%. Lower than top quartile of Romanian dividend payers (8.1%). Lower than average of industry peers (4.5%). Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Chairman Yedil Utekov was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Jun 11
Upcoming dividend of RON0.12 per share Eligible shareholders must have bought the stock before 17 June 2021. Payment date: 08 July 2021. Trailing yield: 19%. Within top quartile of Romanian dividend payers (6.0%). Higher than average of industry peers (3.6%). Upcoming Dividend • May 27
Upcoming dividend of RON0.30 per share Eligible shareholders must have bought the stock before 03 June 2021. Payment date: 24 June 2021. Trailing yield: 19%. Within top quartile of Romanian dividend payers (5.8%). Higher than average of industry peers (3.7%). Reported Earnings • May 22
First quarter 2021 earnings released: EPS RON0.003 (vs RON0.01 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: RON12.3m (down 26% from 1Q 2020). Net income: RON877.7k (down 69% from 1Q 2020). Profit margin: 7.2% (down from 17% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Reported Earnings • Mar 04
Full year 2020 earnings released: EPS RON0.016 (vs RON0.044 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: RON48.6m (down 27% from FY 2019). Net income: RON4.36m (down 64% from FY 2019). Profit margin: 9.0% (down from 18% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 6% per year. Is New 90 Day High Low • Jan 27
New 90-day high: RON0.49 The company is up 51% from its price of RON0.32 on 29 October 2020. The Romanian market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 38% over the same period. Is New 90 Day High Low • Jan 11
New 90-day high: RON0.47 The company is up 42% from its price of RON0.33 on 13 October 2020. The Romanian market is up 13% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Energy Services industry, which is up 44% over the same period. Is New 90 Day High Low • Dec 21
New 90-day high: RON0.44 The company is up 27% from its price of RON0.34 on 22 September 2020. The Romanian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Energy Services industry, which is up 36% over the same period. Is New 90 Day High Low • Nov 17
New 90-day high: RON0.36 The company is up 3.0% from its price of RON0.35 on 18 August 2020. The Romanian market is flat over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Energy Services industry, which is up 10.0% over the same period. Is New 90 Day High Low • Oct 01
New 90-day low: RON0.33 The company is down 7.0% from its price of RON0.36 on 03 July 2020. The Romanian market is up 2.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Energy Services industry, which is down 16% over the same period.