PANORO ENERGY ASA (PEN.OL) Stock Fundamental Analysis
Europe - Euronext Oslo - OSL:PEN - NO0010564701 - Common Stock
22.05 NOK
+0.6 (+2.8%)
Overall PEN gets a fundamental rating of 5 out of 10. We evaluated PEN against 71 industry peers in the Oil, Gas & Consumable Fuels industry. While PEN is still in line with the averages on profitability rating, there are concerns on its financial health. PEN is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
- PEN had positive earnings in the past year.
- PEN had a positive operating cash flow in the past year.
- Of the past 5 years PEN 4 years were profitable.
- PEN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- Looking at the Return On Assets, with a value of 4.63%, PEN is in the better half of the industry, outperforming 67.61% of the companies in the same industry.
- PEN's Return On Equity of 13.10% is fine compared to the rest of the industry. PEN outperforms 74.65% of its industry peers.
- PEN's Return On Invested Capital of 6.50% is fine compared to the rest of the industry. PEN outperforms 61.97% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.63% | ||
| ROE | 13.1% | ||
| ROIC | 6.5% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
- PEN has a better Profit Margin (13.09%) than 70.42% of its industry peers.
- PEN's Profit Margin has been stable in the last couple of years.
- PEN has a Operating Margin of 27.31%. This is in the better half of the industry: PEN outperforms 67.61% of its industry peers.
- PEN's Operating Margin has declined in the last couple of years.
- PEN has a Gross Margin of 105.60%. This is amongst the best in the industry. PEN outperforms 100.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 27.31% | ||
| PM (TTM) | 13.09% | ||
| GM | 105.6% |
OM growth 3Y3.91%
OM growth 5Y-3.12%
PM growth 3Y-19.47%
PM growth 5Y-0.91%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), PEN is destroying value.
- PEN has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
- PEN has an Altman-Z score of 0.60. This is a bad value and indicates that PEN is not financially healthy and even has some risk of bankruptcy.
- With a Altman-Z score value of 0.60, PEN is not doing good in the industry: 81.69% of the companies in the same industry are doing better.
- The Debt to FCF ratio of PEN is 62.86, which is on the high side as it means it would take PEN, 62.86 years of fcf income to pay off all of its debts.
- PEN has a worse Debt to FCF ratio (62.86) than 71.83% of its industry peers.
- PEN has a Debt/Equity ratio of 0.62. This is a neutral value indicating PEN is somewhat dependend on debt financing.
- With a Debt to Equity ratio value of 0.62, PEN is not doing good in the industry: 61.97% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.62 | ||
| Debt/FCF | 62.86 | ||
| Altman-Z | 0.6 |
ROIC/WACC0.76
WACC8.57%
2.3 Liquidity
- PEN has a Current Ratio of 2.03. This indicates that PEN is financially healthy and has no problem in meeting its short term obligations.
- PEN's Current ratio of 2.03 is fine compared to the rest of the industry. PEN outperforms 78.87% of its industry peers.
- PEN has a Quick Ratio of 1.07. This is a normal value and indicates that PEN is financially healthy and should not expect problems in meeting its short term obligations.
- Looking at the Quick ratio, with a value of 1.07, PEN is in line with its industry, outperforming 52.11% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.03 | ||
| Quick Ratio | 1.07 |
3. Growth
3.1 Past
- PEN shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -4.17%.
- Measured over the past years, PEN shows a very strong growth in Earnings Per Share. The EPS has been growing by 28.50% on average per year.
- Looking at the last year, PEN shows a small growth in Revenue. The Revenue has grown by 7.00% in the last year.
- The Revenue has been growing by 44.20% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-4.17%
EPS 3Y4.54%
EPS 5Y28.5%
EPS Q2Q%-1229.17%
Revenue 1Y (TTM)7%
Revenue growth 3Y33.06%
Revenue growth 5Y44.2%
Sales Q2Q%76.42%
3.2 Future
- Based on estimates for the next years, PEN will show a decrease in Earnings Per Share. The EPS will decrease by -7.55% on average per year.
- PEN is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -6.07% yearly.
EPS Next Y-62.61%
EPS Next 2Y-5.56%
EPS Next 3Y6.49%
EPS Next 5Y-7.55%
Revenue Next Year-16.51%
Revenue Next 2Y-3.71%
Revenue Next 3Y-1.54%
Revenue Next 5Y-6.07%
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
- With a Price/Earnings ratio of 9.98, the valuation of PEN can be described as very reasonable.
- 84.51% of the companies in the same industry are more expensive than PEN, based on the Price/Earnings ratio.
- The average S&P500 Price/Earnings ratio is at 28.60. PEN is valued rather cheaply when compared to this.
- With a Price/Forward Earnings ratio of 5.47, the valuation of PEN can be described as very cheap.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of PEN indicates a rather cheap valuation: PEN is cheaper than 97.18% of the companies listed in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 25.83, PEN is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.98 | ||
| Fwd PE | 5.47 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, PEN is valued cheaper than 83.10% of the companies in the same industry.
- PEN's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. PEN is more expensive than 71.83% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 108.3 | ||
| EV/EBITDA | 3.02 |
4.3 Compensation for Growth
- The decent profitability rating of PEN may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.35
EPS Next 2Y-5.56%
EPS Next 3Y6.49%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 13.45%, PEN is a good candidate for dividend investing.
- Compared to an average industry Dividend Yield of 5.24, PEN pays a better dividend. On top of this PEN pays more dividend than 97.18% of the companies listed in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.82, PEN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 13.45% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- PEN pays out 86.50% of its income as dividend. This is not a sustainable payout ratio.
DP86.5%
EPS Next 2Y-5.56%
EPS Next 3Y6.49%
PANORO ENERGY ASA / PEN.OL FAQ
What is the ChartMill fundamental rating of PANORO ENERGY ASA (PEN.OL) stock?
ChartMill assigns a fundamental rating of 5 / 10 to PEN.OL.
What is the valuation status of PANORO ENERGY ASA (PEN.OL) stock?
ChartMill assigns a valuation rating of 6 / 10 to PANORO ENERGY ASA (PEN.OL). This can be considered as Fairly Valued.
Can you provide the profitability details for PANORO ENERGY ASA?
PANORO ENERGY ASA (PEN.OL) has a profitability rating of 6 / 10.
Can you provide the expected EPS growth for PEN stock?
The Earnings per Share (EPS) of PANORO ENERGY ASA (PEN.OL) is expected to decline by -62.61% in the next year.
Can you provide the dividend sustainability for PEN stock?
The dividend rating of PANORO ENERGY ASA (PEN.OL) is 5 / 10 and the dividend payout ratio is 86.5%.