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EnQuest

DB:3EQ
Snowflake Description

Undervalued with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
3EQ
DB
£124M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

EnQuest PLC operates as an oil and gas development and production company, explores for, extracts, and produces hydrocarbons in the United Kingdom, North Sea, and Malaysia. The last earnings update was 207 days ago. More info.


Add to Portfolio Compare Print
  • EnQuest has significant price volatility in the past 3 months.
3EQ Share Price and Events
7 Day Returns
-31.4%
DB:3EQ
18.1%
DE Oil and Gas
7.3%
DE Market
1 Year Returns
-68.7%
DB:3EQ
21.9%
DE Oil and Gas
-17.7%
DE Market
3EQ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
EnQuest (3EQ) -31.4% -73.6% -73.4% -68.7% -87.4% -87.8%
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
  • 3EQ underperformed the Oil and Gas industry which returned 21.9% over the past year.
  • 3EQ underperformed the Market in Germany which returned -17.7% over the past year.
Price Volatility
3EQ
Industry
5yr Volatility vs Market

Value

 Is EnQuest 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 EnQuest 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 EnQuest.

DB:3EQ Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.8%
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:3EQ
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%) (1666.71%))
8.18
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (2 * 6.07%)
11.75%

Discounted Cash Flow Calculation for DB:3EQ using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for EnQuest 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:3EQ DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 11.75%)
2020 352.31 Est @ 1.37% 315.27
2021 226.00 Analyst x1 180.97
2022 227.91 Est @ 0.85% 163.31
2023 228.99 Est @ 0.47% 146.84
2024 229.49 Est @ 0.22% 131.68
2025 229.56 Est @ 0.03% 117.87
2026 229.35 Est @ -0.09% 105.38
2027 228.93 Est @ -0.18% 94.13
2028 228.37 Est @ -0.24% 84.03
2029 227.71 Est @ -0.29% 74.97
Present value of next 10 years cash flows $1,414.00
DB:3EQ DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $227.71 × (1 + -0.39%) ÷ (11.75% – -0.39%)
$1,868.40
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,868.40 ÷ (1 + 11.75%)10
$615.17
DB:3EQ Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,414.00 + $615.17
$2,029.17
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,029.17 / 1,622.62
$1.25
DB:3EQ Discount to Share Price
Calculation Result
Exchange Rate USD/GBP
(Reporting currency to currency of LSE:ENQ)
0.806
Value per Share
(GBP)
= Value per Share in USD x Exchange Rate (USD/GBP)
= $1.25 x 0.806
£1.01
Non-primary Listing Adjustment Factor 1 share in DB:3EQ represents 0.80548x of LSE:ENQ
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.80548x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 1.01 x 0.80548
€0.81
Value per share (EUR) From above. €0.81
Current discount Discount to share price of €0.06
= -1 x (€0.06 - €0.81) / €0.81
92.4%

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

Current Discount
Amount off the current price EnQuest is available for.
Intrinsic value
>50%
Share price is €0.0617 vs Future cash flow value of €0.81197
Current Discount Checks
For EnQuest to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • EnQuest's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • EnQuest'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 EnQuest's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are EnQuest's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:3EQ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $0.09
LSE:ENQ Share Price ** LSE (2020-03-30) in GBP £0.08
LSE:ENQ Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.241 $0.1
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 EnQuest.

DB:3EQ PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 0.1 ÷ 0.09

1.09x

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

  • EnQuest is good value based on earnings compared to the Europe Oil and Gas industry average.
  • EnQuest is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does EnQuest's expected growth come at a high price?
Raw Data
DB:3EQ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 1.09x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
-1.4%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 .

DB:3EQ PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 1.09x ÷ -1.4%

-0.81x

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

  • EnQuest earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on EnQuest's assets?
Raw Data
DB:3EQ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $0.65
LSE:ENQ Share Price * LSE (2020-03-30) in GBP £0.08
LSE:ENQ Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.241 $0.1
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:3EQ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.1 ÷ 0.65

0.15x

* Primary Listing of EnQuest.

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

  • EnQuest is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess EnQuest'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. EnQuest has a total score of 5/6, 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.

Future Performance

 How is EnQuest expected to perform in the next 1 to 3 years based on estimates from 5 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
-1.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is EnQuest expected to grow at an attractive rate?
  • EnQuest's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of -0.4%.
Growth vs Market Checks
  • EnQuest's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • EnQuest's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:3EQ Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:3EQ Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts -1.4%
DB:3EQ Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts -12.4%
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:3EQ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:3EQ Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 878 632 166 1
2023-12-31 958 688 188 1
2022-12-31 916 632 69 1
2021-12-31 1,104 567 19 5
2020-12-31 1,057 609 -81 5
2020-03-30
2019-12-31 1,562 910 177 5
DB:3EQ Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 1,563 864 128
2019-03-31 1,431 829 128
2018-12-31 1,298 794 127
2018-09-30 1,067 642 40
2018-06-30 836 490 -47
2018-03-31 732 396 -54
2017-12-31 627 302 -61
2017-09-30 693 331 1
2017-06-30 758 360 63
2017-03-31 778 370 124
2016-12-31 798 379 185
2016-09-30 837 362 -261

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • EnQuest's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • EnQuest's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:3EQ Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from EnQuest Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:3EQ Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31 0.10 0.10 0.10 1.00
2023-12-31 0.11 0.11 0.11 1.00
2022-12-31 0.04 0.04 0.04 1.00
2021-12-31 0.01 0.09 -0.10 5.00
2020-12-31 0.00 0.08 -0.07 5.00
2020-03-30
2019-12-31 0.11 0.20 0.06 5.00
DB:3EQ Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 0.09
2019-03-31 0.08
2018-12-31 0.10
2018-09-30 0.02
2018-06-30 -0.04
2018-03-31
2017-12-31 -0.05
2017-09-30 0.00
2017-06-30 0.06
2017-03-31 0.14
2016-12-31 0.23
2016-09-30 -0.33

*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.
  • EnQuest is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess EnQuest'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.
EnQuest has a total score of 0/6, 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.

Past Performance

  How has EnQuest performed over the past 5 years?

  • EnQuest's last earnings update was 207 days ago.
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 EnQuest'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.
  • EnQuest has delivered over 20% year on year earnings growth in the past 5 years.
  • EnQuest has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • EnQuest has become profitable in the last year making it difficult to compare the Europe Oil and Gas industry average.
Earnings and Revenue History
EnQuest'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 EnQuest Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:3EQ Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 1,562.99 128.25 2.17
2019-03-31 1,430.72 127.76 3.09
2018-12-31 1,298.44 127.28 4.02
2018-09-30 1,067.16 40.23 5.30
2018-06-30 835.88 -46.83 6.58
2018-03-31 731.67 -53.83 3.71
2017-12-31 627.45 -60.83 0.85
2017-09-30 692.87 1.21 3.79
2017-06-30 758.28 63.25 6.74
2017-03-31 778.20 124.23 8.81
2016-12-31 798.12 185.21 10.89
2016-09-30 837.13 -261.08 12.88
2016-06-30 876.14 -707.37 14.87
2016-03-31 892.33 -733.43 14.78
2015-12-31 908.51 -759.48 14.70
2015-09-30 924.02 -449.13 17.01
2015-06-30 939.52 -138.78 19.31
2015-03-31 984.01 -157.59 19.62
2014-12-31 1,028.50 -176.41 19.93
2014-09-30 1,015.74 -10.10 25.68
2014-06-30 1,002.98 156.21 31.44
2014-03-31 979.11 172.91 31.92
2013-12-31 955.25 189.60 32.40
2013-09-30 930.27 260.15 26.32
2013-06-30 905.29 330.69 20.24
2013-03-31 897.40 346.45 21.73

*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.
  • EnQuest has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • EnQuest used its assets more efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • EnQuest has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess EnQuest'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.
EnQuest has a total score of 3/6, 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.

Health

 How is EnQuest'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 EnQuest's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • EnQuest's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • EnQuest's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of EnQuest'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 0.3x 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 EnQuest Company Filings, last reported 9 months ago.

DB:3EQ Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 1,048.91 1,808.27 180.13
2019-03-31 1,048.91 1,808.27 180.13
2018-12-31 983.55 2,037.01 240.60
2018-09-30 983.55 2,037.01 240.60
2018-06-30 768.08 2,188.72 188.74
2018-03-31 768.08 2,188.72 188.74
2017-12-31 760.87 2,153.36 173.16
2017-09-30 760.87 2,153.36 173.16
2017-06-30 853.04 1,976.86 66.92
2017-03-31 853.04 1,976.86 66.92
2016-12-31 818.85 1,957.42 174.68
2016-09-30 818.85 1,957.42 174.68
2016-06-30 738.13 1,830.24 163.29
2016-03-31 738.13 1,830.24 163.29
2015-12-31 667.20 1,799.82 269.10
2015-09-30 667.20 1,799.82 269.10
2015-06-30 1,424.34 1,600.11 305.61
2015-03-31 1,424.34 1,600.11 305.61
2014-12-31 1,346.17 1,122.29 176.79
2014-09-30 1,346.17 1,122.29 176.79
2014-06-30 1,548.86 941.67 213.02
2014-03-31 1,548.86 941.67 213.02
2013-12-31 1,484.71 458.19 72.81
2013-09-30 1,484.71 458.19 72.81
2013-06-30 1,390.29 305.69 203.76
2013-03-31 1,390.29 305.69 203.76
  • EnQuest's level of debt (172.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (61% vs 172.4% today).
  • Debt is well covered by operating cash flow (47.8%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.3x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess EnQuest'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. EnQuest has a total score of 1/6, 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.

Dividends

 What is EnQuest'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 EnQuest dividends.
If you bought €2,000 of EnQuest 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 EnQuest's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate EnQuest'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:3EQ 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 5 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:3EQ Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2020-03-30
2019-12-31

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

  • Unable to perform a dividend volatility check as EnQuest has not reported any payouts.
  • Unable to verify if EnQuest's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of EnQuest's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as EnQuest has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess EnQuest'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 EnQuest afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. EnQuest 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.

Management

 What is the CEO of EnQuest'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
Amjad Bseisu
COMPENSATION $1,352,000
AGE 55
TENURE AS CEO 10 years
CEO Bio

Mr. Amjad Bseisu formed EnQuest PLC and has been its Chief Executive Officer since 2010. Mr. Bseisu served as the Chief Executive Officer of Petrofac Energy Developments International Limited. He served as the President and Chief Executive Officer of Petrofac Resources International Ltd. Mr. Bseisu was a co-founder of Petrofac. From 1984 to 1998, he worked for Atlantic Richfield Company ('ARCO') starting his career as Senior Engineer in the drilling and production division and moving to the position of Vice-President, Arco Petroleum Ventures with responsibility for operations and commercial activities in the Middle East and North Africa and ultimately since 1996, as General Manager of International Marketing, Negotiations and Business Development and President of ARCO Petroleum Ventures and ARCO Crude Trading Inc. In 1998, Mr. Bseisu set up Petrofac Resources International Ltd., the resource and operations subsidiary of Petrofac Limited. He embarked on a career at ARCO International Oil & Gas, where he served as a Member of a seven-person executive management team, responsible for all commercial and trading activities and presiding over a business unit with $3 billion in revenue and 300 mboepd in boe production. He has been the Chairman of the Board and Director of Enviromena Power Systems LLC since September 2010. He has been an Executive Director of EnQuest PLC since February 22, 2010. He served as a Director at Petrofac Limited until September 13, 2005 and again from May 11, 2007 to April 2010. Mr. Bseisu served as a Director of Petrofac Resources International Ltd. He served as a Director of Stratic Energy Corp. from 2003 to May 2006 and Serica Energy PLC from 2004 to September 1, 2005. He holds an MS/a PhD in Engineering from Stanford University in 1984 and an MBA from Southern Methodist University in 1989. Mr. Bseisu received his B.Sc. Honours degree in Mechanical Engineering from Duke University in 1981 and his M.Sc. and D.ENG degrees in Aeronautical Engineering from Stanford University.

CEO Compensation
  • Amjad's compensation has increased in line with EnQuest recently becoming profitable.
  • Amjad's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the EnQuest management team in years:

3.8
Average Tenure
55
Average Age
  • The tenure for the EnQuest management team is about average.
Management Team

Amjad Bseisu

TITLE
CEO & Executive Director
COMPENSATION
$1M
AGE
55
TENURE
10 yrs

Jonathan Swinney

TITLE
CFO & Executive Director
COMPENSATION
$974K
TENURE
10 yrs

Ian Wood

TITLE
Head of Communications & Investor Relations

Stefan Ricketts

TITLE
General Counsel & Company Secretary
AGE
52

Faysal Hamza

TITLE
Managing Director of Corporate Development
AGE
55
TENURE
3.8 yrs

Bob Davenport

TITLE
Managing Director of North Sea
TENURE
3.7 yrs

John Penrose

TITLE
Managing Director of Malaysia

Andy Duncanson

TITLE
Head of Major Projects & Kraken Area Manager
TENURE
2 yrs

Andy Lane

TITLE
Head of Engineering

Nadira Hussein

TITLE
Interim Assistant Company Secretary
Board of Directors Tenure

Average tenure and age of the EnQuest board of directors in years:

3.2
Average Tenure
63
Average Age
  • The tenure for the EnQuest board of directors is about average.
Board of Directors

Martin Houston

TITLE
Chairman
AGE
62
TENURE
0.4 yrs

Amjad Bseisu

TITLE
CEO & Executive Director
COMPENSATION
$1M
AGE
55
TENURE
10 yrs

Jonathan Swinney

TITLE
CFO & Executive Director
COMPENSATION
$974K
TENURE
10 yrs

Phil Holland

TITLE
Non-Executive Director
COMPENSATION
$60K
AGE
63
TENURE
4.6 yrs

Carl Hughes

TITLE
Non-Executive Director
COMPENSATION
$60K
TENURE
3.2 yrs

Laurie Fitch

TITLE
Non-Executive Director
COMPENSATION
$50K
TENURE
2.2 yrs

Helmut Langanger

TITLE
Senior Independent Non-Executive Director
COMPENSATION
$70K
AGE
69
TENURE
10 yrs

John Winterman

TITLE
Non-Executive Director
COMPENSATION
$50K
TENURE
2.5 yrs

Howard Paver

TITLE
Senior Independent Director
AGE
68
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
09. Dec 19 Buy Double A Ltd Company 06. Dec 19 06. Dec 19 156,744 €0.21 €33,301
02. Dec 19 Buy Double A Ltd Company 29. Nov 19 29. Nov 19 796,874 €0.22 €173,034
27. Nov 19 Buy Double A Ltd Company 22. Nov 19 22. Nov 19 69,818 €0.22 €15,103
21. Oct 19 Buy Double A Ltd Company 18. Oct 19 18. Oct 19 2,154,756 €0.21 €460,630
11. Oct 19 Buy Double A Ltd Company 09. Oct 19 09. Oct 19 763,835 €0.20 €154,698
02. Oct 19 Buy Double A Ltd Company 27. Sep 19 01. Oct 19 387,638 €0.21 €82,121
02. Oct 19 Buy Amjad Bseisu Individual 27. Sep 19 01. Oct 19 387,638 €0.21 €82,121
16. Sep 19 Buy Amjad Bseisu Individual 13. Sep 19 13. Sep 19 896,793 €0.22 €194,602
09. Sep 19 Buy Helmut Langanger Individual 05. Sep 19 05. Sep 19 200,000 €0.22 €44,224
12. Jul 19 Buy Amjad Bseisu Individual 10. Jul 19 10. Jul 19 1,037,334 €0.21 €222,362
09. Jul 19 Buy Amjad Bseisu Individual 05. Jul 19 05. Jul 19 519,793 €0.21 €111,302
01. Jul 19 Buy Amjad Bseisu Individual 28. Jun 19 28. Jun 19 885,067 €0.22 €194,714
18. Jun 19 Buy Amjad Bseisu Individual 14. Jun 19 14. Jun 19 1,222,575 €0.21 €262,289
10. Jun 19 Buy Amjad Bseisu Individual 07. Jun 19 07. Jun 19 417,577 €0.21 €89,623
03. Jun 19 Buy Amjad Bseisu Individual 31. May 19 31. May 19 320,686 €0.22 €71,513
28. May 19 Buy Amjad Bseisu Individual 24. May 19 24. May 19 489,320 €0.23 €112,432
13. May 19 Buy Amjad Bseisu Individual 10. May 19 10. May 19 483,688 €0.23 €110,432
08. May 19 Buy Helmut Langanger Individual 07. May 19 07. May 19 87,302 €0.23 €20,372
08. Apr 19 Buy Amjad Bseisu Individual 05. Apr 19 05. Apr 19 274,317 €0.23 €62,390
X
Management checks
We assess EnQuest'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. EnQuest 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.

News

Simply Wall St News

Company Info

Description

EnQuest PLC operates as an oil and gas development and production company, explores for, extracts, and produces hydrocarbons in the United Kingdom, North Sea, and Malaysia. The company operates through two segments, North Sea and Malaysia. It primarily holds interests in the Thistle/Deveron, Heather/Broom, the Dons area, Magnus, the Greater Kittiwake Area, Scolty/Crathes, Alma/Galia, and Kraken. The company also has an interest in the non-operated Alba producing oil field, as well as the PM8/Seligi production sharing contract and the Tanjong Baram risk services contract in Malaysia. In addition, it holds 16 production licenses and 8 production hubs. As of December 31, 2018, the company had proved and probable reserves of 198 million barrels of oil equivalents. Further, it is involved in the construction, ownership, and operation of an oil pipeline; marketing and trading of crude oil; and leasing activities. EnQuest PLC was founded in 2010 and is based in London, the United Kingdom.

Details
Name: EnQuest PLC
3EQ
Exchange: DB
Founded: 2010
£139,759,833
1,622,621,561
Website: http://www.enquest.com
Address: EnQuest PLC
Cunard House,
5th Floor,
London,
Greater London, SW1Y 4LR,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE ENQ Ordinary Shares London Stock Exchange GB GBP 06. Apr 2010
OTCPK ENQU.F Ordinary Shares Pink Sheets LLC US USD 06. Apr 2010
DB 3EQ Ordinary Shares Deutsche Boerse AG DE EUR 06. Apr 2010
BRSE 3EQ Ordinary Shares Berne Stock Exchange CH CHF 06. Apr 2010
OM ENQ Ordinary Shares OMX Nordic Exchange Stockholm SE SEK 06. Apr 2010
BATS-CHIXE ENQS Ordinary Shares BATS 'Chi-X Europe' GB SEK 06. Apr 2010
BATS-CHIXE ENQL Ordinary Shares BATS 'Chi-X Europe' GB GBP 06. Apr 2010
Number of employees
Current staff
Staff numbers
839
EnQuest employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/30 22:39
End of day share price update: 2020/03/30 00:00
Last estimates confirmation: 2020/03/26
Last earnings filing: 2019/09/05
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


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.