AVANCE GAS HOLDING LTD (AGAS.OL) Stock Fundamental Analysis
OSL:AGAS - Oslo Bors ASA - BMG067231032 - Common Stock - Currency: NOK
We assign a fundamental rating of 7 out of 10 to AGAS. AGAS was compared to 62 industry peers in the Oil, Gas & Consumable Fuels industry. While AGAS belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. AGAS is not valued too expensively and it also shows a decent growth rate. AGAS also has an excellent dividend rating. With these ratings, AGAS could be worth investigating further for dividend investing!.
1. Profitability
1.1 Basic Checks
In the past year AGAS was profitable.
In the past year AGAS had a positive cash flow from operations.
In the past 5 years AGAS has always been profitable.
In the past 5 years AGAS always reported a positive cash flow from operatings.
1.2 Ratios
AGAS has a Return On Assets of 43.32%. This is amongst the best in the industry. AGAS outperforms 100.00% of its industry peers.
The Return On Equity of AGAS (84.89%) is better than 98.33% of its industry peers.
The Return On Invested Capital of AGAS (27.20%) is better than 95.00% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for AGAS is below the industry average of 12.33%.
The last Return On Invested Capital (27.20%) for AGAS is above the 3 year average (8.08%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 43.32% | ||
| ROE | 84.89% | ||
| ROIC | 27.2% |
ROA(3y)8.62%
ROA(5y)8%
ROE(3y)15.93%
ROE(5y)15.41%
ROIC(3y)8.08%
ROIC(5y)7.4%
1.3 Margins
AGAS's Profit Margin of 93.07% is amongst the best of the industry. AGAS outperforms 98.33% of its industry peers.
In the last couple of years the Profit Margin of AGAS has grown nicely.
AGAS's Operating Margin of 55.49% is amongst the best of the industry. AGAS outperforms 95.00% of its industry peers.
AGAS's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 78.12%, AGAS belongs to the top of the industry, outperforming 81.67% of the companies in the same industry.
In the last couple of years the Gross Margin of AGAS has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 55.49% | ||
| PM (TTM) | 93.07% | ||
| GM | 78.12% |
OM growth 3Y25.86%
OM growth 5YN/A
PM growth 3Y10.44%
PM growth 5YN/A
GM growth 3Y3.52%
GM growth 5Y7.74%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), AGAS is creating value.
The number of shares outstanding for AGAS remains at a similar level compared to 1 year ago.
AGAS has more shares outstanding than it did 5 years ago.
AGAS has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.72 indicates that AGAS is not a great score, but indicates only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.72, AGAS is in the better half of the industry, outperforming 71.67% of the companies in the same industry.
The Debt to FCF ratio of AGAS is 5.35, which is a neutral value as it means it would take AGAS, 5.35 years of fcf income to pay off all of its debts.
AGAS has a Debt to FCF ratio (5.35) which is in line with its industry peers.
AGAS has a Debt/Equity ratio of 0.43. This is a healthy value indicating a solid balance between debt and equity.
AGAS's Debt to Equity ratio of 0.43 is in line compared to the rest of the industry. AGAS outperforms 50.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.43 | ||
| Debt/FCF | 5.35 | ||
| Altman-Z | 2.72 |
ROIC/WACC3.5
WACC7.78%
2.3 Liquidity
A Current Ratio of 2.57 indicates that AGAS has no problem at all paying its short term obligations.
AGAS's Current ratio of 2.57 is fine compared to the rest of the industry. AGAS outperforms 78.33% of its industry peers.
A Quick Ratio of 2.55 indicates that AGAS has no problem at all paying its short term obligations.
With an excellent Quick ratio value of 2.55, AGAS belongs to the best of the industry, outperforming 81.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.57 | ||
| Quick Ratio | 2.55 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 34.61% over the past year.
AGAS shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 52.33% yearly.
AGAS shows a strong growth in Revenue. In the last year, the Revenue has grown by 53.57%.
AGAS shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 22.08% yearly.
EPS 1Y (TTM)34.61%
EPS 3Y52.33%
EPS 5YN/A
EPS Q2Q%-15.38%
Revenue 1Y (TTM)53.57%
Revenue growth 3Y19.64%
Revenue growth 5Y22.08%
Sales Q2Q%-21.25%
3.2 Future
Based on estimates for the next years, AGAS will show a very negative growth in Earnings Per Share. The EPS will decrease by -17.43% on average per year.
AGAS is expected to show a very negative growth in Revenue. In the coming years, the Revenue will decrease by -43.54% yearly.
EPS Next Y-19.41%
EPS Next 2Y-37.19%
EPS Next 3Y-17.43%
EPS Next 5YN/A
Revenue Next Year-19.65%
Revenue Next 2Y-9.6%
Revenue Next 3Y-43.54%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
AGAS is valuated cheaply with a Price/Earnings ratio of 3.37.
Based on the Price/Earnings ratio, AGAS is valued cheaper than 85.00% of the companies in the same industry.
AGAS is valuated cheaply when we compare the Price/Earnings ratio to 28.47, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 9.06, the valuation of AGAS can be described as reasonable.
AGAS's Price/Forward Earnings is on the same level as the industry average.
AGAS is valuated cheaply when we compare the Price/Forward Earnings ratio to 92.74, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.37 | ||
| Fwd PE | 9.06 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, AGAS is valued a bit cheaper than 71.67% of the companies in the same industry.
AGAS's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. AGAS is cheaper than 73.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.46 | ||
| EV/EBITDA | 2.63 |
4.3 Compensation for Growth
The excellent profitability rating of AGAS may justify a higher PE ratio.
A cheap valuation may be justified as AGAS's earnings are expected to decrease with -17.43% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-37.19%
EPS Next 3Y-17.43%
5. Dividend
5.1 Amount
AGAS has a Yearly Dividend Yield of 87.72%, which is a nice return.
AGAS's Dividend Yield is rather good when compared to the industry average which is at 60.90. AGAS pays more dividend than 96.67% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.28, AGAS pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 87.72% |
5.2 History
The dividend of AGAS is nicely growing with an annual growth rate of 54.20%!
Dividend Growth(5Y)54.2%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
63.58% of the earnings are spent on dividend by AGAS. This is not a sustainable payout ratio.
The Dividend Rate of AGAS has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP63.58%
EPS Next 2Y-37.19%
EPS Next 3Y-17.43%
AVANCE GAS HOLDING LTD
OSL:AGAS (2/5/2025, 2:40:30 PM)
85.9
-1.2 (-1.38%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners2.87%
Inst Owner ChangeN/A
Ins Owners0.4%
Ins Owner ChangeN/A
Market Cap6.65B
Analysts48.57
Price Target113.63 (32.28%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 87.72% |
Yearly Dividend2
Dividend Growth(5Y)54.2%
DP63.58%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-30.14%
Min EPS beat(2)-40.36%
Max EPS beat(2)-19.92%
EPS beat(4)1
Avg EPS beat(4)-9.24%
Min EPS beat(4)-40.36%
Max EPS beat(4)26.19%
EPS beat(8)3
Avg EPS beat(8)-6.12%
EPS beat(12)6
Avg EPS beat(12)-2.24%
EPS beat(16)7
Avg EPS beat(16)-12.38%
Revenue beat(2)2
Avg Revenue beat(2)36.44%
Min Revenue beat(2)31.33%
Max Revenue beat(2)41.55%
Revenue beat(4)4
Avg Revenue beat(4)37.51%
Min Revenue beat(4)20.01%
Max Revenue beat(4)57.16%
Revenue beat(8)8
Avg Revenue beat(8)30.4%
Revenue beat(12)12
Avg Revenue beat(12)37.12%
Revenue beat(16)16
Avg Revenue beat(16)35.38%
PT rev (1m)-5.75%
PT rev (3m)-13.48%
EPS NQ rev (1m)-15.75%
EPS NQ rev (3m)-64.24%
EPS NY rev (1m)2.97%
EPS NY rev (3m)2.97%
Revenue NQ rev (1m)-15.9%
Revenue NQ rev (3m)-66.35%
Revenue NY rev (1m)-1.5%
Revenue NY rev (3m)-1.5%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.37 | ||
| Fwd PE | 9.06 | ||
| P/S | 1.24 | ||
| P/FCF | 6.46 | ||
| P/OCF | 2.39 | ||
| P/B | 1.13 | ||
| P/tB | 1.13 | ||
| EV/EBITDA | 2.63 |
EPS(TTM)25.49
EY29.67%
EPS(NY)9.49
Fwd EY11.04%
FCF(TTM)13.29
FCFY15.48%
OCF(TTM)35.99
OCFY41.9%
SpS69.39
BVpS76.08
TBVpS76.08
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 43.32% | ||
| ROE | 84.89% | ||
| ROCE | 40.94% | ||
| ROIC | 27.2% | ||
| ROICexc | 36.7% | ||
| ROICexgc | 36.7% | ||
| OM | 55.49% | ||
| PM (TTM) | 93.07% | ||
| GM | 78.12% | ||
| FCFM | 19.16% |
ROA(3y)8.62%
ROA(5y)8%
ROE(3y)15.93%
ROE(5y)15.41%
ROIC(3y)8.08%
ROIC(5y)7.4%
ROICexc(3y)9.53%
ROICexc(5y)8.55%
ROICexgc(3y)9.53%
ROICexgc(5y)8.55%
ROCE(3y)10.49%
ROCE(5y)9.62%
ROICexcg growth 3Y41.29%
ROICexcg growth 5YN/A
ROICexc growth 3Y41.29%
ROICexc growth 5YN/A
OM growth 3Y25.86%
OM growth 5YN/A
PM growth 3Y10.44%
PM growth 5YN/A
GM growth 3Y3.52%
GM growth 5Y7.74%
F-Score6
Asset Turnover0.47
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.43 | ||
| Debt/FCF | 5.35 | ||
| Debt/EBITDA | 0.75 | ||
| Cap/Depr | 428.39% | ||
| Cap/Sales | 32.71% | ||
| Interest Coverage | 10.12 | ||
| Cash Conversion | 82.17% | ||
| Profit Quality | 20.59% | ||
| Current Ratio | 2.57 | ||
| Quick Ratio | 2.55 | ||
| Altman-Z | 2.72 |
F-Score6
WACC7.78%
ROIC/WACC3.5
Cap/Depr(3y)291.96%
Cap/Depr(5y)211.15%
Cap/Sales(3y)46.62%
Cap/Sales(5y)35.12%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)34.61%
EPS 3Y52.33%
EPS 5YN/A
EPS Q2Q%-15.38%
EPS Next Y-19.41%
EPS Next 2Y-37.19%
EPS Next 3Y-17.43%
EPS Next 5YN/A
Revenue 1Y (TTM)53.57%
Revenue growth 3Y19.64%
Revenue growth 5Y22.08%
Sales Q2Q%-21.25%
Revenue Next Year-19.65%
Revenue Next 2Y-9.6%
Revenue Next 3Y-43.54%
Revenue Next 5YN/A
EBIT growth 1Y79%
EBIT growth 3Y50.58%
EBIT growth 5YN/A
EBIT Next Year-1.66%
EBIT Next 3Y-42.46%
EBIT Next 5YN/A
FCF growth 1Y228.18%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y141.65%
OCF growth 3Y27.94%
OCF growth 5YN/A