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VAALCO ENERGY INC (EGY) Stock Fundamental Analysis

NYSE:EGY - New York Stock Exchange, Inc. - US91851C2017 - Common Stock - Currency: USD

4.17  +0.12 (+2.96%)

After market: 4.1203 -0.05 (-1.19%)

Fundamental Rating

6

Taking everything into account, EGY scores 6 out of 10 in our fundamental rating. EGY was compared to 212 industry peers in the Oil, Gas & Consumable Fuels industry. EGY has an average financial health and profitability rating. EGY is valued quite cheap, while showing a decent growth score. This is a good combination! With these ratings, EGY could be worth investigating further for value investing!.


Dividend Valuation Growth Profitability Health

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6

1. Profitability

1.1 Basic Checks

In the past year EGY was profitable.
EGY had a positive operating cash flow in the past year.
EGY had positive earnings in 4 of the past 5 years.
In the past 5 years EGY always reported a positive cash flow from operatings.
EGY Yearly Net Income VS EBIT VS OCF VS FCFEGY Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 100M -100M 200M

1.2 Ratios

Looking at the Return On Assets, with a value of 10.39%, EGY is in the better half of the industry, outperforming 77.18% of the companies in the same industry.
With a decent Return On Equity value of 19.45%, EGY is doing good in the industry, outperforming 72.33% of the companies in the same industry.
EGY has a Return On Invested Capital of 22.22%. This is amongst the best in the industry. EGY outperforms 93.20% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for EGY is below the industry average of 28.73%.
Industry RankSector Rank
ROA 10.39%
ROE 19.45%
ROIC 22.22%
ROA(3y)14.81%
ROA(5y)2.29%
ROE(3y)26.77%
ROE(5y)0.84%
ROIC(3y)24.78%
ROIC(5y)17.72%
EGY Yearly ROA, ROE, ROICEGY Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 2K 4K 6K

1.3 Margins

The Profit Margin of EGY (16.06%) is comparable to the rest of the industry.
In the last couple of years the Profit Margin of EGY has declined.
EGY's Operating Margin of 35.32% is fine compared to the rest of the industry. EGY outperforms 72.33% of its industry peers.
In the last couple of years the Operating Margin of EGY has declined.
The Gross Margin of EGY (66.15%) is better than 71.36% of its industry peers.
In the last couple of years the Gross Margin of EGY has grown nicely.
Industry RankSector Rank
OM 35.32%
PM (TTM) 16.06%
GM 66.15%
OM growth 3Y95.17%
OM growth 5Y-5.68%
PM growth 3YN/A
PM growth 5Y-32.33%
GM growth 3Y6.07%
GM growth 5Y1.77%
EGY Yearly Profit, Operating, Gross MarginsEGY Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 50 -50 -100 -150

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6

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), EGY is creating value.
The number of shares outstanding for EGY has been reduced compared to 1 year ago.
Compared to 5 years ago, EGY has more shares outstanding
EGY has a worse debt/assets ratio than last year.
EGY Yearly Shares OutstandingEGY Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M 80M 100M
EGY Yearly Total Debt VS Total AssetsEGY Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M

2.2 Solvency

EGY has an Altman-Z score of 2.38. This is not the best score and indicates that EGY is in the grey zone with still only limited risk for bankruptcy at the moment.
EGY has a Altman-Z score of 2.38. This is in the better half of the industry: EGY outperforms 68.45% of its industry peers.
EGY has a debt to FCF ratio of 2.11. This is a good value and a sign of high solvency as EGY would need 2.11 years to pay back of all of its debts.
EGY has a better Debt to FCF ratio (2.11) than 75.73% of its industry peers.
EGY has a Debt/Equity ratio of 0.14. This is a healthy value indicating a solid balance between debt and equity.
EGY has a Debt to Equity ratio of 0.14. This is in the better half of the industry: EGY outperforms 74.76% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.14
Debt/FCF 2.11
Altman-Z 2.38
ROIC/WACC2.46
WACC9.03%
EGY Yearly LT Debt VS Equity VS FCFEGY Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 100M 200M 300M 400M

2.3 Liquidity

A Current Ratio of 1.34 indicates that EGY should not have too much problems paying its short term obligations.
EGY's Current ratio of 1.34 is in line compared to the rest of the industry. EGY outperforms 57.28% of its industry peers.
A Quick Ratio of 1.32 indicates that EGY should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.32, EGY is in the better half of the industry, outperforming 64.08% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.34
Quick Ratio 1.32
EGY Yearly Current Assets VS Current LiabilitesEGY Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M

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5

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 186.49% over the past year.
EGY shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -19.22% yearly.
EGY shows a strong growth in Revenue. In the last year, the Revenue has grown by 50.70%.
EGY shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 34.11% yearly.
EPS 1Y (TTM)186.49%
EPS 3YN/A
EPS 5Y-19.22%
EPS Q2Q%14.29%
Revenue 1Y (TTM)50.7%
Revenue growth 3Y89.19%
Revenue growth 5Y34.11%
Sales Q2Q%20.7%

3.2 Future

Based on estimates for the next years, EGY will show a decrease in Earnings Per Share. The EPS will decrease by -5.21% on average per year.
The Revenue is expected to decrease by -6.15% on average over the next years.
EPS Next Y15.94%
EPS Next 2Y-5.21%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year15.05%
Revenue Next 2Y-6.15%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
EGY Yearly Revenue VS EstimatesEGY Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 100M 200M 300M 400M
EGY Yearly EPS VS EstimatesEGY Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 0.5 1

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7

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 5.71, which indicates a rather cheap valuation of EGY.
EGY's Price/Earnings ratio is rather cheap when compared to the industry. EGY is cheaper than 85.44% of the companies in the same industry.
EGY is valuated cheaply when we compare the Price/Earnings ratio to 28.47, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 13.32 indicates a correct valuation of EGY.
EGY's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 92.74, EGY is valued rather cheaply.
Industry RankSector Rank
PE 5.71
Fwd PE 13.32
EGY Price Earnings VS Forward Price EarningsEGY Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, EGY is valued cheaply inside the industry as 98.54% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, EGY is valued a bit cheaper than the industry average as 64.08% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 10.93
EV/EBITDA 1.25
EGY Per share dataEGY EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3 4 5

4.3 Compensation for Growth

EGY's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of EGY may justify a higher PE ratio.
EGY's earnings are expected to decrease with -5.21% in the coming years. This may justify a cheaper valuation.
PEG (NY)0.36
PEG (5Y)N/A
EPS Next 2Y-5.21%
EPS Next 3YN/A

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5

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 5.98%, EGY is a good candidate for dividend investing.
In the last 3 months the price of EGY has falen by -25.67%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
Compared to an average industry Dividend Yield of 6.57, EGY pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.28, EGY pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.98%

5.2 History

EGY has been paying a dividend for less than 5 years, so it still needs to build a track record.
Dividend Growth(5Y)N/A
Div Incr Years1
Div Non Decr Years2
EGY Yearly Dividends per shareEGY Yearly Dividends per shareYearly Dividends per share 2022 2023 2024 0.05 0.1 0.15 0.2

5.3 Sustainability

EGY pays out 26.96% of its income as dividend. This is a sustainable payout ratio.
DP26.96%
EPS Next 2Y-5.21%
EPS Next 3YN/A
EGY Yearly Income VS Free CF VS DividendEGY Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 50M -50M 100M -100M -150M
EGY Dividend Payout.EGY Dividend Payout, showing the Payout Ratio.EGY Dividend Payout.PayoutRetained Earnings

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VAALCO ENERGY INC

NYSE:EGY (2/4/2025, 8:04:00 PM)

After market: 4.1203 -0.05 (-1.19%)

4.17

+0.12 (+2.96%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)11-11 2024-11-11/amc
Earnings (Next)N/A N/A
Inst Owners56.33%
Inst Owner Change-0.37%
Ins Owners1.97%
Ins Owner Change0%
Market Cap432.60M
Analysts80
Price Target0.12 (-97.12%)
Short Float %3.95%
Short Ratio4.06
Dividend
Industry RankSector Rank
Dividend Yield 5.98%
Yearly Dividend0.25
Dividend Growth(5Y)N/A
DP26.96%
Div Incr Years1
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)14.44%
Min EPS beat(2)-45.37%
Max EPS beat(2)74.26%
EPS beat(4)3
Avg EPS beat(4)83.05%
Min EPS beat(4)-45.37%
Max EPS beat(4)205.28%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)11.22%
Min Revenue beat(2)2.68%
Max Revenue beat(2)19.75%
Revenue beat(4)4
Avg Revenue beat(4)29.01%
Min Revenue beat(4)2.68%
Max Revenue beat(4)79.2%
Revenue beat(8)5
Avg Revenue beat(8)7.97%
Revenue beat(12)9
Avg Revenue beat(12)10.99%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-0.96%
PT rev (3m)-4.37%
EPS NQ rev (1m)-54.55%
EPS NQ rev (3m)-61.54%
EPS NY rev (1m)-8.05%
EPS NY rev (3m)-43.66%
Revenue NQ rev (1m)-16.75%
Revenue NQ rev (3m)-24.83%
Revenue NY rev (1m)-1.02%
Revenue NY rev (3m)4.2%
Valuation
Industry RankSector Rank
PE 5.71
Fwd PE 13.32
P/S 0.71
P/FCF 10.93
P/OCF 3.58
P/B 0.86
P/tB 0.86
EV/EBITDA 1.25
EPS(TTM)0.73
EY17.51%
EPS(NY)0.31
Fwd EY7.51%
FCF(TTM)0.38
FCFY9.15%
OCF(TTM)1.17
OCFY27.96%
SpS5.85
BVpS4.83
TBVpS4.83
PEG (NY)0.36
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 10.39%
ROE 19.45%
ROCE 28.13%
ROIC 22.22%
ROICexc 25.17%
ROICexgc 25.17%
OM 35.32%
PM (TTM) 16.06%
GM 66.15%
FCFM 6.53%
ROA(3y)14.81%
ROA(5y)2.29%
ROE(3y)26.77%
ROE(5y)0.84%
ROIC(3y)24.78%
ROIC(5y)17.72%
ROICexc(3y)30.84%
ROICexc(5y)23.08%
ROICexgc(3y)30.84%
ROICexgc(5y)23.08%
ROCE(3y)31.36%
ROCE(5y)22.43%
ROICexcg growth 3Y52.77%
ROICexcg growth 5Y-12.33%
ROICexc growth 3Y52.77%
ROICexc growth 5Y-12.33%
OM growth 3Y95.17%
OM growth 5Y-5.68%
PM growth 3YN/A
PM growth 5Y-32.33%
GM growth 3Y6.07%
GM growth 5Y1.77%
F-Score9
Asset Turnover0.65
Health
Industry RankSector Rank
Debt/Equity 0.14
Debt/FCF 2.11
Debt/EBITDA 0.21
Cap/Depr 64.42%
Cap/Sales 13.42%
Interest Coverage 28.96
Cash Conversion 35.52%
Profit Quality 40.62%
Current Ratio 1.34
Quick Ratio 1.32
Altman-Z 2.38
F-Score9
WACC9.03%
ROIC/WACC2.46
Cap/Depr(3y)200.65%
Cap/Depr(5y)201.1%
Cap/Sales(3y)28.7%
Cap/Sales(5y)26.89%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)186.49%
EPS 3YN/A
EPS 5Y-19.22%
EPS Q2Q%14.29%
EPS Next Y15.94%
EPS Next 2Y-5.21%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)50.7%
Revenue growth 3Y89.19%
Revenue growth 5Y34.11%
Sales Q2Q%20.7%
Revenue Next Year15.05%
Revenue Next 2Y-6.15%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y99.16%
EBIT growth 3Y269.25%
EBIT growth 5Y26.49%
EBIT Next Year159.37%
EBIT Next 3Y18.91%
EBIT Next 5Y24.12%
FCF growth 1Y87.22%
FCF growth 3Y240.54%
FCF growth 5Y40.48%
OCF growth 1Y-9.11%
OCF growth 3Y101.08%
OCF growth 5Y43.15%