PANORO ENERGY ASA (PEN.OL) Stock Fundamental Analysis
Europe - Euronext Oslo - OSL:PEN - NO0010564701 - Common Stock
20.75 NOK
-0.1 (-0.48%)
PEN gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals 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 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
- 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.
- With a decent Return On Equity value of 13.10%, PEN is doing good in the industry, outperforming 74.65% of the companies in the same industry.
- Looking at the Return On Invested Capital, with a value of 6.50%, PEN is in the better half of the industry, outperforming 61.97% of the companies in the same industry.
| 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 70.42% 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 67.61% 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 81.69% of the companies in the same industry.
- PEN has a debt to FCF ratio of 62.86. This is a negative value and a sign of low solvency as PEN would need 62.86 years to pay back of all of its debts.
- PEN has a Debt to FCF ratio of 62.86. This is in the lower half of the industry: PEN underperforms 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.
- Looking at the Debt to Equity ratio, with a value of 0.62, PEN is doing worse than 61.97% of the companies in the same industry.
| 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 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.
- PEN has a Quick ratio (1.07) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.03 | ||
| Quick Ratio | 1.07 |
3. Growth
3.1 Past
- The earnings per share for PEN have decreased by -4.17% in the last year.
- 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.
- 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.
- 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
- A Price/Earnings ratio of 9.22 indicates a reasonable valuation of PEN.
- 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 27.25. PEN is valued rather cheaply when compared to this.
- With a Price/Forward Earnings ratio of 5.05, the valuation of PEN can be described as very cheap.
- Based on the Price/Forward Earnings ratio, PEN is valued cheaply inside the industry as 97.18% of the companies are valued more expensively.
- PEN is valuated cheaply when we compare the Price/Forward Earnings ratio to 25.98, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.22 | ||
| Fwd PE | 5.05 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, PEN is valued cheaply inside the industry as 83.10% of the companies are valued more expensively.
- 71.83% of the companies in the same industry are cheaper than PEN, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 100.06 | ||
| EV/EBITDA | 2.93 |
4.3 Compensation for Growth
- PEN has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.32
EPS Next 2Y-5.56%
EPS Next 3Y6.49%
5. Dividend
5.1 Amount
- PEN has a Yearly Dividend Yield of 13.45%, which is a nice return.
- 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.
- 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 | 13.45% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- 86.50% of the earnings are spent on dividend by PEN. 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%.