PHX MINERALS INC (PHX) Stock Fundamental Analysis
NYSE:PHX - New York Stock Exchange, Inc. - US69291A1007 - Common Stock - Currency: USD
Taking everything into account, PHX scores 6 out of 10 in our fundamental rating. PHX was compared to 211 industry peers in the Oil, Gas & Consumable Fuels industry. PHX is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. PHX has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
PHX had positive earnings in the past year.
PHX had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: PHX reported negative net income in multiple years.
Each year in the past 5 years PHX had a positive operating cash flow.
1.2 Ratios
PHX's Return On Assets of 4.28% is in line compared to the rest of the industry. PHX outperforms 56.34% of its industry peers.
With a Return On Equity value of 5.49%, PHX perfoms like the industry average, outperforming 44.13% of the companies in the same industry.
PHX has a Return On Invested Capital of 3.98%. This is in the lower half of the industry: PHX underperforms 64.79% of its industry peers.
PHX had an Average Return On Invested Capital over the past 3 years of 9.06%. This is significantly below the industry average of 23.79%.
The last Return On Invested Capital (3.98%) for PHX is well below the 3 year average (9.06%), which needs to be investigated, but indicates that PHX had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.28% | ||
| ROE | 5.49% | ||
| ROIC | 3.98% |
ROA(3y)7.72%
ROA(5y)-1.22%
ROE(3y)10.71%
ROE(5y)-2.76%
ROIC(3y)9.06%
ROIC(5y)N/A
1.3 Margins
PHX has a better Profit Margin (18.23%) than 69.48% of its industry peers.
PHX has a Operating Margin of 22.11%. This is comparable to the rest of the industry: PHX outperforms 53.52% of its industry peers.
PHX's Operating Margin has declined in the last couple of years.
PHX's Gross Margin of 92.32% is amongst the best of the industry. PHX outperforms 96.71% of its industry peers.
In the last couple of years the Gross Margin of PHX has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 22.11% | ||
| PM (TTM) | 18.23% | ||
| GM | 92.32% |
OM growth 3Y-15.61%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y2.94%
GM growth 5Y7.11%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so PHX is still creating some value.
PHX has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, PHX has more shares outstanding
PHX has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 3.92 indicates that PHX is not in any danger for bankruptcy at the moment.
PHX's Altman-Z score of 3.92 is amongst the best of the industry. PHX outperforms 87.32% of its industry peers.
The Debt to FCF ratio of PHX is 1.16, which is an excellent value as it means it would take PHX, only 1.16 years of fcf income to pay off all of its debts.
PHX has a Debt to FCF ratio of 1.16. This is amongst the best in the industry. PHX outperforms 88.26% of its industry peers.
PHX has a Debt/Equity ratio of 0.16. This is a healthy value indicating a solid balance between debt and equity.
PHX has a better Debt to Equity ratio (0.16) than 72.77% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.16 | ||
| Debt/FCF | 1.16 | ||
| Altman-Z | 3.92 |
ROIC/WACC0.46
WACC8.71%
2.3 Liquidity
A Current Ratio of 1.80 indicates that PHX should not have too much problems paying its short term obligations.
With a decent Current ratio value of 1.80, PHX is doing good in the industry, outperforming 74.18% of the companies in the same industry.
PHX has a Quick Ratio of 1.80. This is a normal value and indicates that PHX is financially healthy and should not expect problems in meeting its short term obligations.
PHX's Quick ratio of 1.80 is fine compared to the rest of the industry. PHX outperforms 77.93% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.8 | ||
| Quick Ratio | 1.8 |
3. Growth
3.1 Past
PHX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 80.91%, which is quite impressive.
PHX shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -51.21% yearly.
The Revenue has grown by 15.65% in the past year. This is quite good.
Measured over the past years, PHX shows a decrease in Revenue. The Revenue has been decreasing by -3.50% on average per year.
EPS 1Y (TTM)80.91%
EPS 3YN/A
EPS 5Y-51.21%
EPS Q2Q%1390%
Revenue 1Y (TTM)15.65%
Revenue growth 3Y-3.53%
Revenue growth 5Y-3.5%
Sales Q2Q%-3.45%
3.2 Future
PHX is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 112.79% yearly.
The Revenue is expected to grow by 12.54% on average over the next years. This is quite good.
EPS Next Y211.42%
EPS Next 2Y112.79%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year20.91%
Revenue Next 2Y12.55%
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.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
PHX is valuated rather expensively with a Price/Earnings ratio of 21.75.
The rest of the industry has a similar Price/Earnings ratio as PHX.
PHX is valuated rather cheaply when we compare the Price/Earnings ratio to 27.30, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 16.01, the valuation of PHX can be described as correct.
PHX's Price/Forward Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.76, PHX is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.75 | ||
| Fwd PE | 16.01 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as PHX.
74.65% of the companies in the same industry are more expensive than PHX, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.69 | ||
| EV/EBITDA | 10.1 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PHX's earnings are expected to grow with 112.79% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.1
PEG (5Y)N/A
EPS Next 2Y112.79%
EPS Next 3YN/A
5. Dividend
5.1 Amount
PHX has a Yearly Dividend Yield of 3.68%.
PHX's Dividend Yield is comparable with the industry average which is at 6.51.
PHX's Dividend Yield is rather good when compared to the S&P500 average which is at 2.37.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.68% |
5.2 History
The dividend of PHX decreases each year by -2.22%.
PHX has paid a dividend for at least 10 years, which is a reliable track record.
PHX has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-2.22%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
81.44% of the earnings are spent on dividend by PHX. This is not a sustainable payout ratio.
DP81.44%
EPS Next 2Y112.79%
EPS Next 3YN/A
4.35
+0.01 (+0.23%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners61.33%
Inst Owner Change0%
Ins Owners15.46%
Ins Owner Change-24.27%
Market Cap164.95M
Analysts76.67
Price Target4.44 (2.07%)
Short Float %0.41%
Short Ratio0.19
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.68% |
Yearly Dividend0.14
Dividend Growth(5Y)-2.22%
DP81.44%
Div Incr Years3
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)52.05%
Min EPS beat(2)-100%
Max EPS beat(2)204.1%
EPS beat(4)3
Avg EPS beat(4)72.96%
Min EPS beat(4)-100%
Max EPS beat(4)204.1%
EPS beat(8)5
Avg EPS beat(8)23.56%
EPS beat(12)6
Avg EPS beat(12)-11.3%
EPS beat(16)7
Avg EPS beat(16)-55.39%
Revenue beat(2)0
Avg Revenue beat(2)-18.07%
Min Revenue beat(2)-24.77%
Max Revenue beat(2)-11.38%
Revenue beat(4)1
Avg Revenue beat(4)-5.57%
Min Revenue beat(4)-24.77%
Max Revenue beat(4)16.3%
Revenue beat(8)2
Avg Revenue beat(8)-2.97%
Revenue beat(12)4
Avg Revenue beat(12)3.48%
Revenue beat(16)8
Avg Revenue beat(16)12.1%
PT rev (1m)-17.14%
PT rev (3m)-17.14%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-44.78%
EPS NY rev (1m)-8.87%
EPS NY rev (3m)-35.31%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-11.74%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-6.08%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.75 | ||
| Fwd PE | 16.01 | ||
| P/S | 4.36 | ||
| P/FCF | 9.69 | ||
| P/OCF | 9.64 | ||
| P/B | 1.31 | ||
| P/tB | 1.31 | ||
| EV/EBITDA | 10.1 |
EPS(TTM)0.2
EY4.6%
EPS(NY)0.27
Fwd EY6.25%
FCF(TTM)0.45
FCFY10.32%
OCF(TTM)0.45
OCFY10.37%
SpS1
BVpS3.31
TBVpS3.31
PEG (NY)0.1
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.28% | ||
| ROE | 5.49% | ||
| ROCE | 5.37% | ||
| ROIC | 3.98% | ||
| ROICexc | 4.05% | ||
| ROICexgc | 4.05% | ||
| OM | 22.11% | ||
| PM (TTM) | 18.23% | ||
| GM | 92.32% | ||
| FCFM | 45.04% |
ROA(3y)7.72%
ROA(5y)-1.22%
ROE(3y)10.71%
ROE(5y)-2.76%
ROIC(3y)9.06%
ROIC(5y)N/A
ROICexc(3y)9.25%
ROICexc(5y)N/A
ROICexgc(3y)9.25%
ROICexgc(5y)N/A
ROCE(3y)12.22%
ROCE(5y)N/A
ROICexcg growth 3Y-30.3%
ROICexcg growth 5YN/A
ROICexc growth 3Y-30.3%
ROICexc growth 5YN/A
OM growth 3Y-15.61%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y2.94%
GM growth 5Y7.11%
F-Score7
Asset Turnover0.23
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.16 | ||
| Debt/FCF | 1.16 | ||
| Debt/EBITDA | 1.1 | ||
| Cap/Depr | 0.89% | ||
| Cap/Sales | 0.23% | ||
| Interest Coverage | 3.51 | ||
| Cash Conversion | 94.85% | ||
| Profit Quality | 247.06% | ||
| Current Ratio | 1.8 | ||
| Quick Ratio | 1.8 | ||
| Altman-Z | 3.92 |
F-Score7
WACC8.71%
ROIC/WACC0.46
Cap/Depr(3y)4.1%
Cap/Depr(5y)5.06%
Cap/Sales(3y)0.64%
Cap/Sales(5y)1.1%
Profit Quality(3y)375.76%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)80.91%
EPS 3YN/A
EPS 5Y-51.21%
EPS Q2Q%1390%
EPS Next Y211.42%
EPS Next 2Y112.79%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)15.65%
Revenue growth 3Y-3.53%
Revenue growth 5Y-3.5%
Sales Q2Q%-3.45%
Revenue Next Year20.91%
Revenue Next 2Y12.55%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y72.63%
EBIT growth 3Y-18.59%
EBIT growth 5YN/A
EBIT Next Year356.2%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y441.66%
FCF growth 3Y77.65%
FCF growth 5Y0.58%
OCF growth 1Y444.66%
OCF growth 3Y66.14%
OCF growth 5Y-2.96%