PANORO ENERGY ASA (PEN.OL) Stock Fundamental Analysis
Europe - Euronext Oslo - OSL:PEN - NO0010564701 - Common Stock
21 NOK
+0.35 (+1.69%)
PEN gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 75 industry peers in the Oil, Gas & Consumable Fuels industry. PEN has a medium profitability rating, but doesn't score so well on its financial health evaluation. PEN has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
- In the past year PEN was profitable.
- In the past year PEN had a positive cash flow from operations.
- Of the past 5 years PEN 4 years were profitable.
- Each year in the past 5 years PEN had a positive operating cash flow.
1.2 Ratios
- PEN's Return On Assets of 4.63% is fine compared to the rest of the industry. PEN outperforms 66.67% of its industry peers.
- The Return On Equity of PEN (13.10%) is better than 73.33% of its industry peers.
- PEN's Return On Invested Capital of 6.50% is fine compared to the rest of the industry. PEN outperforms 61.33% 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 Profit Margin of 13.09%. This is in the better half of the industry: PEN outperforms 70.67% of its industry peers.
- PEN's Profit Margin has been stable in the last couple of years.
- PEN's Operating Margin of 27.31% is fine compared to the rest of the industry. PEN outperforms 69.33% of its industry peers.
- In the last couple of years the Operating Margin of PEN has declined.
- 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.
- There is no outstanding debt for PEN. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
- PEN has an Altman-Z score of 0.58. This is a bad value and indicates that PEN is not financially healthy and even has some risk of bankruptcy.
- Looking at the Altman-Z score, with a value of 0.58, PEN is doing worse than 82.67% of the companies in the same industry.
- 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.
- The Debt to FCF ratio of PEN (62.86) is worse than 72.00% of its industry peers.
- A Debt/Equity ratio of 0.62 indicates that PEN is somewhat dependend on debt financing.
- PEN's Debt to Equity ratio of 0.62 is on the low side compared to the rest of the industry. PEN is outperformed by 61.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.62 | ||
| Debt/FCF | 62.86 | ||
| Altman-Z | 0.58 |
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.
- The Current ratio of PEN (2.03) is better than 80.00% 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 53.33% 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%.
- PEN shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 28.50% yearly.
- PEN shows a small growth in Revenue. In the last year, the Revenue has grown by 7.00%.
- Measured over the past years, PEN shows a very strong growth in Revenue. The Revenue has been growing by 44.20% on average per year.
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
- PEN is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -7.55% yearly.
- The Revenue is expected to decrease by -6.07% on average over the next years.
EPS Next Y-62.61%
EPS Next 2Y-3.13%
EPS Next 3Y7.25%
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
- The EPS growth rate is decreasing: in the next years the growth will be less 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.
4. Valuation
4.1 Price/Earnings Ratio
- PEN is valuated reasonably with a Price/Earnings ratio of 9.25.
- Based on the Price/Earnings ratio, PEN is valued cheaper than 85.33% of the companies in the same industry.
- PEN is valuated cheaply when we compare the Price/Earnings ratio to 27.30, which is the current average of the S&P500 Index.
- With a Price/Forward Earnings ratio of 4.81, the valuation of PEN can be described as very cheap.
- PEN's Price/Forward Earnings ratio is rather cheap when compared to the industry. PEN is cheaper than 98.67% of the companies in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 24.32, PEN is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.25 | ||
| Fwd PE | 4.81 |
4.2 Price Multiples
- PEN's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. PEN is cheaper than 84.00% of the companies in the same industry.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of PEN indicates a slightly more expensive valuation: PEN is more expensive than 72.00% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 100.37 | ||
| EV/EBITDA | 2.89 |
4.3 Compensation for Growth
- The decent profitability rating of PEN may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.32
EPS Next 2Y-3.13%
EPS Next 3Y7.25%
5. Dividend
5.1 Amount
- PEN has a Yearly Dividend Yield of 13.95%, which is a nice return.
- PEN's Dividend Yield is rather good when compared to the industry average which is at 5.11. PEN pays more dividend than 97.33% of the companies in the same industry.
- PEN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 13.95% |
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-3.13%
EPS Next 3Y7.25%
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%.