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Energean Oil & Gas

DB:1YE
Snowflake Description

High growth potential and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1YE
DB
£986M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Energean Oil & Gas plc operates as an independent oil and gas exploration and production company. The last earnings update was 12 days ago. More info.


Add to Portfolio Compare Print
  • Energean Oil & Gas has significant price volatility in the past 3 months.
1YE Share Price and Events
7 Day Returns
64.2%
DB:1YE
18.1%
DE Oil and Gas
7.3%
DE Market
1 Year Returns
-26.2%
DB:1YE
21.9%
DE Oil and Gas
-17.7%
DE Market
1YE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Energean Oil & Gas (1YE) 64.2% -17.7% -38.8% -26.2% - -
DE Oil and Gas 18.1% -15.9% -28.7% 21.9% -25.6% 137.4%
DE Market 7.3% -17.9% -25.8% -17.7% -25.6% -29%
1 Year Return vs Industry and Market
  • 1YE underperformed the Oil and Gas industry which returned 21.9% over the past year.
  • 1YE underperformed the Market in Germany which returned -17.7% over the past year.
Price Volatility
1YE
Industry
5yr Volatility vs Market

1YE Value

 Is Energean Oil & Gas undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Energean Oil & Gas to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Energean Oil & Gas.

DB:1YE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.9%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:1YE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.1%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.808 (1 + (1- 19%) (75.35%))
1.202
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.202 * 6.07%)
6.91%

Discounted Cash Flow Calculation for DB:1YE using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Energean Oil & Gas is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:1YE DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.91%)
2020 -959.00 Analyst x1 -897.06
2021 -90.40 Analyst x1 -79.10
2022 341.70 Analyst x1 279.67
2023 506.73 Est @ 48.3% 387.96
2024 677.45 Est @ 33.69% 485.16
2025 836.42 Est @ 23.47% 560.32
2026 972.84 Est @ 16.31% 609.61
2027 1,082.77 Est @ 11.3% 634.67
2028 1,167.15 Est @ 7.79% 639.94
2029 1,229.45 Est @ 5.34% 630.56
Present value of next 10 years cash flows $3,251.00
DB:1YE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $1,229.45 × (1 + -0.39%) ÷ (6.91% – -0.39%)
$16,787.30
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $16,787.30 ÷ (1 + 6.91%)10
$8,609.86
DB:1YE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $3,251.00 + $8,609.86
$11,860.86
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $11,860.86 / 177.09
$66.98
DB:1YE Discount to Share Price
Calculation Result
Exchange Rate USD/GBP
(Reporting currency to currency of LSE:ENOG)
0.806
Value per Share
(GBP)
= Value per Share in USD x Exchange Rate (USD/GBP)
= $66.98 x 0.806
£53.99
Non-primary Listing Adjustment Factor 1 share in DB:1YE represents 1.17594x of LSE:ENOG
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.17594x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 53.99 x 1.17594
€63.49
Value per share (EUR) From above. €63.49
Current discount Discount to share price of €6.55
= -1 x (€6.55 - €63.49) / €63.49
89.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Energean Oil & Gas is available for.
Intrinsic value
>50%
Share price is €6.55 vs Future cash flow value of €63.49
Current Discount Checks
For Energean Oil & Gas to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Energean Oil & Gas's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Energean Oil & Gas's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Energean Oil & Gas's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Energean Oil & Gas's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:1YE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $-0.50
LSE:ENOG Share Price ** LSE (2020-03-30) in GBP £5.57
LSE:ENOG Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.241 $6.91
Europe Oil and Gas Industry PE Ratio Median Figure of 105 Publicly-Listed Oil and Gas Companies 5.67x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 16.36x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Energean Oil & Gas.

DB:1YE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:ENOG Share Price ÷ EPS (both in USD)

= 6.91 ÷ -0.50

-13.82x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Energean Oil & Gas is loss making, we can't compare its value to the Europe Oil and Gas industry average.
  • Energean Oil & Gas is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Energean Oil & Gas's expected growth come at a high price?
Raw Data
DB:1YE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -13.82x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
108%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 65 Publicly-Listed Oil and Gas Companies 0.17x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Energean Oil & Gas, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Energean Oil & Gas's assets?
Raw Data
DB:1YE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $5.65
LSE:ENOG Share Price * LSE (2020-03-30) in GBP £5.57
LSE:ENOG Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.241 $6.91
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 0.94x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.43x
DB:1YE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:ENOG Share Price ÷ Book Value per Share (both in USD)

= 6.91 ÷ 5.65

1.22x

* Primary Listing of Energean Oil & Gas.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Energean Oil & Gas is overvalued based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Energean Oil & Gas's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Energean Oil & Gas has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

1YE Future Performance

 How is Energean Oil & Gas expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
108%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Energean Oil & Gas expected to grow at an attractive rate?
  • Energean Oil & Gas's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Energean Oil & Gas's earnings growth is expected to exceed the Germany market average.
  • Energean Oil & Gas's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:1YE Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:1YE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 108%
DB:1YE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 72.8%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:1YE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:1YE Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 1,353 868 428 3
2021-12-31 677 345 138 3
2020-12-31 221 17 -34 2
2020-03-31
DB:1YE Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 76 36 -83
2019-09-30 90 53 -36
2019-06-30 104 69 11
2019-03-31 97 66 58
2018-12-31 90 63 105
2018-09-30 74 46 110
2018-06-30 57 30 115
2018-03-31 58 30 63
2017-12-31 58 29 11

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Energean Oil & Gas's earnings are expected to grow significantly at over 20% yearly.
  • Energean Oil & Gas's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:1YE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Energean Oil & Gas Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:1YE Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 2.41 3.29 1.53 2.00
2021-12-31 0.78 1.34 0.21 2.00
2020-12-31 -0.19 -0.06 -0.32 2.00
2020-03-31
DB:1YE Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 -0.50
2019-09-30 -0.23
2019-06-30 0.07
2019-03-31 0.41
2018-12-31 0.80
2018-09-30 0.99
2018-06-30 1.26
2018-03-31 0.78
2017-12-31 0.16

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Energean Oil & Gas will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Energean Oil & Gas's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Energean Oil & Gas has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

1YE Past Performance

  How has Energean Oil & Gas performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Energean Oil & Gas's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Energean Oil & Gas does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Energean Oil & Gas's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Energean Oil & Gas's 1-year growth to the Europe Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Energean Oil & Gas's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Energean Oil & Gas Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:1YE Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 75.75 -83.31 14.45
2019-09-30 89.92 -36.28 15.79
2019-06-30 104.08 10.76 17.13
2019-03-31 97.21 58.02 15.68
2018-12-31 90.33 105.28 14.22
2018-09-30 73.79 110.11 12.69
2018-06-30 57.26 114.94 11.17
2018-03-31 57.50 63.15 9.78
2017-12-31 57.75 11.36 8.40
2016-12-31 39.72 -38.38 5.64
2015-12-31 28.43 -33.40 5.28
2014-12-31 42.24 -10.17 6.71

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Energean Oil & Gas has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Energean Oil & Gas has efficiently used its assets last year compared to the Europe Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Energean Oil & Gas improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Energean Oil & Gas's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Energean Oil & Gas has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

1YE Health

 How is Energean Oil & Gas's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Energean Oil & Gas's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Energean Oil & Gas is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Energean Oil & Gas's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Energean Oil & Gas's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Energean Oil & Gas Company Filings, last reported 3 months ago.

DB:1YE Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,260.75 915.98 372.57
2019-09-30 1,260.75 915.98 372.57
2019-06-30 1,084.75 433.80 61.58
2019-03-31 1,084.75 433.80 61.58
2018-12-31 1,087.82 144.27 237.24
2018-09-30 1,087.82 144.27 237.24
2018-06-30 1,037.79 121.78 297.39
2018-03-31 1,037.79 121.78 297.39
2017-12-31 288.98 91.33 24.78
2016-12-31 -16.12 276.25 14.66
2015-12-31 20.10 187.40 5.76
2014-12-31 59.33 117.93 15.79
  • Energean Oil & Gas's level of debt (72.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (199.5% vs 72.7% today).
  • Debt is not well covered by operating cash flow (4%, less than 20% of total debt).
  • Unable to confirm if the interest payments on Energean Oil & Gas's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Energean Oil & Gas's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Energean Oil & Gas has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

1YE Dividends

 What is Energean Oil & Gas's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Energean Oil & Gas dividends. Estimated to be 0% next year.
If you bought €2,000 of Energean Oil & Gas shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Energean Oil & Gas's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Energean Oil & Gas's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:1YE Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 9.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 1%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:1YE Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 0.00 3.00
2020-12-31 0.00 4.00
2020-03-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Energean Oil & Gas has not reported any payouts.
  • Unable to verify if Energean Oil & Gas's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Energean Oil & Gas's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Energean Oil & Gas has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Energean Oil & Gas's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Energean Oil & Gas's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Energean Oil & Gas afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Energean Oil & Gas has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

1YE Management

 What is the CEO of Energean Oil & Gas's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mathios Rigas
AGE 51
TENURE AS CEO 13.2 years
CEO Bio

Mr. Mathios Rigas serves as Chief Executive Officer at Capital Connect Venture Managers S.A. Mr. Rigas has been Chairman and Chief Executive Officer of Energean Oil & Gas S.A since 2007. Mr. Rigas served as the President and Managing Director at Capital Connect Venture Managers S.A since October 2001. Mr. Rigas has a unique combination of Petroleum Engineering background and 20 years of investment banking and private equity experience, primarily in oil and gas sector and has structured private equity and mezzanine or subordinated debt transactions in excess of $400 million. He served as the Head of Investment Banking at Piraeus Prime Bank, where he created the first shipping investment banking division in a Greek bank. Mr. Rigas served as the Vice President of Shipping, Energy, and Project Finance at Chase Manhattan Bank where he raised in excess of US$5 billion in oil and gas financing. His career started at Arthur Andersen as a Consultant in the energy sector. He has been a Director of Energean Oil & Gas S.A since 2007. He serves as a Director of Tyres Herco SA, Kozani Crocus Products S.A. and Mavin S.A. Mr. Rigas serves as a Director and Treasurer of the Hellenic Venture Capital Association (HVCA). Mr. Rigas served as a Director at Advice S.A. He holds a Degree in Mining and Metallurgic Engineering from the National University of Athens (Å.Ì.Ð) and an M.Sc. / DIC degree in Petroleum Engineering with specialization in Economics of Energy Project Developments from the Imperial College.

CEO Compensation
  • Insufficient data for Mathios to compare compensation growth.
  • Insufficient data for Mathios to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Energean Oil & Gas management team in years:

5.2
Average Tenure
53.5
Average Age
  • The average tenure for the Energean Oil & Gas management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Mathios Rigas

TITLE
CEO & Director
AGE
51
TENURE
13.2 yrs

Panos Benos

TITLE
CFO & Executive Director
AGE
39
TENURE
9.2 yrs

Iman Hill

TITLE
Chief Operating Officer
TENURE
1.3 yrs

Steve Moore

TITLE
Chief Growth Officer
AGE
56

Kate Sloan

TITLE
Head of Investor Relations & Equity Capital Markets

Russell Poynter

TITLE
General Counsel & Company Secretary
TENURE
0.7 yrs

Angelos Mastrantonis

TITLE
Group HR Manager

James Efstathiou

TITLE
Exploration Director
AGE
60

Maria Martin

TITLE
Head of Corporate Finance

Nick Witney

TITLE
Commercial Director
Board of Directors Tenure

Average tenure and age of the Energean Oil & Gas board of directors in years:

2.7
Average Tenure
60
Average Age
  • The average tenure for the Energean Oil & Gas board of directors is less than 3 years, this suggests a new board.
Board of Directors

Karen Simon

TITLE
Non-Executive Chairman
AGE
60
TENURE
0.3 yrs

Mathios Rigas

TITLE
CEO & Director
AGE
51
TENURE
2.8 yrs

Panos Benos

TITLE
CFO & Executive Director
AGE
39
TENURE
2.8 yrs

Andy Bartlett

TITLE
Senior Independent Director
AGE
61
TENURE
2.6 yrs

Ohad Marani

TITLE
Independent Non-Executive Director
AGE
64
TENURE
2.7 yrs

Stathis Topouzoglou

TITLE
Non-Executive Director
AGE
62
TENURE
2.8 yrs

David Bonanno

TITLE
Non-Executive Director
AGE
38
TENURE
2.8 yrs

Robert Peck

TITLE
Independent Non-Executive Director
TENURE
2.7 yrs

Amy Lashinsky

TITLE
Independent Non-Executive Director
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Energean Oil & Gas individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
24. Mar 20 Buy Panagiotis Benos Individual 19. Mar 20 20. Mar 20 34,077 €3.96 €131,202
24. Mar 20 Buy Efstathios Topouzoglou Individual 19. Mar 20 20. Mar 20 69,501 €3.96 €267,162
24. Mar 20 Buy Matthaios Rigas Individual 19. Mar 20 20. Mar 20 69,501 €3.96 €267,162
11. Feb 20 Buy Efstathios Topouzoglou Individual 07. Feb 20 07. Feb 20 65,000 €8.75 €568,426
11. Feb 20 Buy Efstathios Topouzoglou Individual 10. Feb 20 10. Feb 20 70,000 €8.90 €622,803
10. Feb 20 Buy Efstathios Topouzoglou Individual 06. Feb 20 06. Feb 20 67,000 €8.72 €584,529
06. Feb 20 Buy Robert Peck Individual 05. Feb 20 05. Feb 20 1,100 €9.09 €9,995
06. Feb 20 Buy Efstathios Topouzoglou Individual 03. Feb 20 03. Feb 20 34,234 €8.87 €303,629
03. Feb 20 Buy Efstathios Topouzoglou Individual 29. Jan 20 31. Jan 20 125,000 €9.43 €1,151,250
14. Nov 19 Buy Panagiotis Benos Individual 12. Nov 19 12. Nov 19 4,989 €10.33 €51,520
15. Jul 19 Sell Efstathios Topouzoglou Individual 11. Jul 19 11. Jul 19 -1,262,753 €10.59 €-13,373,566
09. Jul 19 Buy Andrew Bartlett Individual 04. Jul 19 04. Jul 19 2,222 €10.04 €22,302
09. Jul 19 Buy Karen Simon Individual 04. Jul 19 04. Jul 19 55,555 €10.04 €557,605
09. Jul 19 Buy Matthaios Rigas Individual 04. Jul 19 04. Jul 19 111,111 €10.04 €1,115,220
09. Jul 19 Buy Simon John Heale Individual 04. Jul 19 04. Jul 19 33,333 €10.04 €334,563
X
Management checks
We assess Energean Oil & Gas's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Energean Oil & Gas has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

1YE News

Simply Wall St News

1YE Company Info

Description

Energean Oil & Gas plc operates as an independent oil and gas exploration and production company. The company focuses on the exploration, development, and production of oil and gas. It operates through five segments: Greece, Israel, Egypt, Montenegro, and New Ventures. The company holds 13 licenses in the Eastern Mediterranean. Its flagship development assets are the Karish and Tanin fields. As of April 15, 2019, the company had 347 million barrels of oil equivalents (mmboe) of 2P reserves and 58 mmboe of 2C resources across its portfolio. Energean Oil & Gas plc was founded in 2007 and is based in London, the United Kingdom.

Details
Name: Energean Oil & Gas plc
1YE
Exchange: DB
Founded: 2007
£1,109,134,309
177,089,406
Website: http://www.energean.com
Address: Energean Oil & Gas plc
Accurist House,
3rd floor,
London,
Greater London, W1U 7AL,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE ENOG New Ordinary Shares London Stock Exchange GB GBP 16. Mar 2018
OTCPK EERG.F New Ordinary Shares Pink Sheets LLC US USD 16. Mar 2018
DB 1YE New Ordinary Shares Deutsche Boerse AG DE EUR 16. Mar 2018
TASE ENOG New Ordinary Shares The Tel-Aviv Stock Exchange IL ILS 16. Mar 2018
BATS-CHIXE ENOGL New Ordinary Shares BATS 'Chi-X Europe' GB GBP 16. Mar 2018
Number of employees
Current staff
Staff numbers
416
Energean Oil & Gas employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 00:10
End of day share price update: 2020/03/30 00:00
Last estimates confirmation: 2020/03/24
Last earnings filing: 2020/03/19
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.