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Central Petroleum

DB:C9J
Snowflake Description

Acceptable track record and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
C9J
DB
A$53M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Central Petroleum Limited engages in the development, production, processing, and marketing of hydrocarbons in Australia. The last earnings update was 34 days ago. More info.


Add to Portfolio Compare Print
  • Central Petroleum has significant price volatility in the past 3 months.
C9J Share Price and Events
7 Day Returns
7.1%
DB:C9J
18.1%
DE Oil and Gas
7.3%
DE Market
1 Year Returns
-60.5%
DB:C9J
21.9%
DE Oil and Gas
-17.7%
DE Market
C9J Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Central Petroleum (C9J) 7.1% -41.2% -58% -60.5% -77.3% -64.7%
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
  • C9J underperformed the Oil and Gas industry which returned 21.9% over the past year.
  • C9J underperformed the Market in Germany which returned -17.7% over the past year.
Price Volatility
C9J
Industry
5yr Volatility vs Market

C9J Value

 Is Central Petroleum 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
  • It is not possible to calculate the future cash flow value for Central Petroleum. This is due to cash flow or dividend data being unavailable. The share price is €0.03.
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 Central Petroleum's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Central Petroleum's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:C9J PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in AUD A$0.01
ASX:CTP Share Price ** ASX (2020-03-30) in AUD A$0.07
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 Central Petroleum.

DB:C9J PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:CTP Share Price ÷ EPS (both in AUD)

= 0.07 ÷ 0.01

6.71x

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

  • Central Petroleum is overvalued based on earnings compared to the Europe Oil and Gas industry average.
  • Central Petroleum is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Central Petroleum's expected growth come at a high price?
Raw Data
DB:C9J PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.71x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
-82.3%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:C9J PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.71x ÷ -82.3%

-0.08x

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

  • Central Petroleum 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 Central Petroleum's assets?
Raw Data
DB:C9J PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in AUD A$0.00
ASX:CTP Share Price * ASX (2020-03-30) in AUD A$0.07
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:C9J PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:CTP Share Price ÷ Book Value per Share (both in AUD)

= 0.07 ÷ 0.00

-37.32x

* Primary Listing of Central Petroleum.

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

  • Central Petroleum has negative assets, we can't compare the value of its assets to the DE Oil and Gas industry average.
X
Value checks
We assess Central Petroleum'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. Central Petroleum has a total score of 1/6, 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.

C9J Future Performance

 How is Central Petroleum expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
-82.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Central Petroleum expected to grow at an attractive rate?
  • Central Petroleum'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
  • Central Petroleum's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Central Petroleum'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:C9J Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:C9J Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts -82.3%
DB:C9J Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts -4.3%
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:C9J Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:C9J Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-06-30 67 6 -5 1
2021-06-30 70 9 5 1
2020-06-30 72 10 2 1
2020-03-30
DB:C9J Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-12-31 75 25 8
2019-09-30 67 14 -3
2019-06-30 59 2 -15
2019-03-31 48 -4 -22
2018-12-31 37 -10 -29
2018-09-30 36 -2 -22
2018-06-30 35 5 -14
2018-03-31 32 4 -18
2017-12-31 30 3 -22
2017-09-30 27 1 -24
2017-06-30 25 0 -25
2017-03-31 25 -1 -22

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Central Petroleum's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Central Petroleum'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:C9J Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Central Petroleum Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:C9J Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-06-30 -0.01 -0.01 -0.01 1.00
2021-06-30 0.01 0.01 0.01 1.00
2020-06-30 0.00 0.00 0.00 1.00
2020-03-30
DB:C9J Past Financials Data
Date (Data in AUD Millions) EPS *
2019-12-31 0.01
2019-09-30 0.00
2019-06-30 -0.02
2019-03-31 -0.03
2018-12-31 -0.04
2018-09-30 -0.03
2018-06-30 -0.02
2018-03-31 -0.03
2017-12-31 -0.04
2017-09-30 -0.05
2017-06-30 -0.06
2017-03-31 -0.05

*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 Central Petroleum will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Central Petroleum'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.
Central Petroleum 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.

C9J Past Performance

  How has Central Petroleum 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 Central Petroleum'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.
  • Central Petroleum's year on year earnings growth rate has been positive over the past 5 years.
  • Central Petroleum has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Central Petroleum has become profitable in the last year making it difficult to compare the Europe Oil and Gas industry average.
Earnings and Revenue History
Central Petroleum'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 Central Petroleum Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:C9J Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 75.05 7.75 9.15
2019-09-30 67.20 -3.39 15.89
2019-06-30 59.36 -14.53 22.63
2019-03-31 48.32 -21.88 24.93
2018-12-31 37.29 -29.23 27.23
2018-09-30 36.11 -21.66 21.15
2018-06-30 34.94 -14.08 15.07
2018-03-31 32.38 -18.29 13.74
2017-12-31 29.83 -22.50 12.40
2017-09-30 27.31 -23.61 12.08
2017-06-30 24.79 -24.73 11.76
2017-03-31 24.50 -21.93 10.90
2016-12-31 24.21 -19.14 10.05
2016-09-30 24.04 -20.09 10.65
2016-06-30 23.86 -21.04 11.25
2016-03-31 20.07 -19.22 11.57
2015-12-31 16.27 -17.39 11.90
2015-09-30 13.29 -22.56 14.38
2015-06-30 10.31 -27.73 16.86
2015-03-31 10.18 -25.27 16.29
2014-12-31 10.05 -22.80 15.72
2014-09-30 6.88 -16.83 14.42
2014-06-30 3.72 -10.86 13.12
2014-03-31 1.86 -8.86 14.28
2013-12-31 -6.85 15.45
2013-09-30 -8.07 16.77
2013-06-30 -9.28 18.09
2013-03-31 -15.78 21.39

*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 Central Petroleum has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • Central Petroleum used its assets more efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • Central Petroleum has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Central Petroleum'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.
Central Petroleum 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.

C9J Health

 How is Central Petroleum'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 Central Petroleum's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Central Petroleum's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Central Petroleum's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Central Petroleum'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.
  • Central Petroleum has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
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 Central Petroleum Company Filings, last reported 2 months ago.

DB:C9J Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 -1.41 72.70 14.86
2019-09-30 -1.41 72.70 14.86
2019-06-30 -5.62 81.73 17.81
2019-03-31 -5.62 81.73 17.81
2018-12-31 -11.19 86.26 10.94
2018-09-30 -11.19 86.26 10.94
2018-06-30 7.06 78.33 27.22
2018-03-31 7.06 78.33 27.22
2017-12-31 16.65 80.17 28.59
2017-09-30 16.65 80.17 28.59
2017-06-30 -5.96 82.17 5.48
2017-03-31 -5.96 82.17 5.48
2016-12-31 11.51 84.08 5.94
2016-09-30 11.51 84.08 5.94
2016-06-30 16.52 85.70 15.12
2016-03-31 16.52 85.70 15.12
2015-12-31 28.53 87.56 16.26
2015-09-30 28.53 87.56 16.26
2015-06-30 23.15 47.46 3.52
2015-03-31 23.15 47.46 3.52
2014-12-31 31.55 38.08 5.47
2014-09-30 31.55 38.08 5.47
2014-06-30 43.07 24.02 10.33
2014-03-31 43.07 24.02 10.33
2013-12-31 29.70 0.00 12.46
2013-09-30 29.70 0.00 12.46
2013-06-30 24.65 0.00 1.31
2013-03-31 24.65 0.00 1.31
  • Central Petroleum has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Central Petroleum's debt level has increased considering it has negative shareholder equity.
  • Debt is well covered by operating cash flow (34.7%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.9x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Central Petroleum'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. Central Petroleum 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.

C9J Dividends

 What is Central Petroleum'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 Central Petroleum dividends. Estimated to be 0% next year.
If you bought €2,000 of Central Petroleum 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 Central Petroleum's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Central Petroleum'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:C9J 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 1 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:C9J Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2022-06-30 0.00 1.00
2021-06-30 0.00 1.00
2020-06-30 0.00 1.00
2020-03-30

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

  • Unable to perform a dividend volatility check as Central Petroleum has not reported any payouts.
  • Unable to verify if Central Petroleum's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Central Petroleum's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Central Petroleum has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Central Petroleum's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Central Petroleum'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 Central Petroleum afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Central Petroleum 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.

C9J Management

 What is the CEO of Central Petroleum'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
Leon Devaney
COMPENSATION A$767,376
AGE 50
TENURE AS CEO 1.7 years
CEO Bio

Mr. Leon Goss Devaney, BSc. MBA, is Chief Executive Officer and Managing Director at Central Petroleum Limited since February 21, 2019 and was its Acting Chief Executive Officer from 31 July 2018 to February 21, 2019. Mr. Devaney is the Director of Central Petroleum Limited since November 14, 2018. He served as Chief Financial Officer of Central Petroleum Limited since November 2014 until August 2019. Mr. Devaney served as Chief Commercial Officer of Central Petroleum Ltd. since November 6, 2012. He joined Central Petroleum in November 2012. He has over 12 years of commercial and corporate finance experience within the Australian energy and resources sector. Prior to Central Petroleum Limited, he served as General Manager of Commercial and Financing at Queensland Gas Co. Ltd since March 6, 2007 and served as its Manager of Finance & Commercial Structuring and General Manager of Gas & Power. He joined QGC in 2004 He has 12 years of project finance and commercial structuring experience in both the US and Australia and 5 years of direct finance experience in the Australian CSG sector. Mr. Devaney was responsible for structuring and implementing QGC's commercial and debt-financing activities, including major gas and water supply agreements, the Condamine Power Station project, the LNG project's financing and the proposed power station project in NSW. He has previously been active in consulting and corporate finance advisory, holding senior positions at Deloitte Corporate Finance (Sydney) and PFM (Newport Beach, CA) where he specialised in structured and project finance. Much of his work involved emerging coal seam gas companies. In the 1990s, he worked in the United States on project financing for a wave of public and private mega-stadiums and arenas. Mr. Devaney holds an MBA and BSc. (Finance) from the University of Southern California, USA.

CEO Compensation
  • Leon's compensation has increased in line with Central Petroleum recently becoming profitable.
  • Leon's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the Central Petroleum management team in years:

1.8
Average Tenure
  • The average tenure for the Central Petroleum management team is less than 2 years, this suggests a new team.
Management Team

Leon Devaney

TITLE
CEO, MD & Director
COMPENSATION
A$767K
AGE
50
TENURE
1.7 yrs

Ross Evans

TITLE
Chief Operations Officer
COMPENSATION
A$536K
TENURE
1.8 yrs

Daniel Christopher White

TITLE
Group General Counsel & Joint Company Secretary
COMPENSATION
A$598K
TENURE
10.3 yrs

Robin Polson

TITLE
Chief Commercial Officer
COMPENSATION
A$411K
TENURE
1.8 yrs

Duncan Lockhart

TITLE
General Manager of Exploration
COMPENSATION
A$474K
TENURE
0.9 yrs

Damian Galvin

TITLE
Chief Financial Officer
AGE
49
TENURE
0.6 yrs

Joseph Morfea

TITLE
Joint Company Secretary & Commercial Manager
TENURE
5.6 yrs

Greg Ambrose

TITLE
Manager of Geology
COMPENSATION
A$276K
Board of Directors Tenure

Average tenure and age of the Central Petroleum board of directors in years:

1.3
Average Tenure
58
Average Age
  • The average tenure for the Central Petroleum board of directors is less than 3 years, this suggests a new board.
Board of Directors

Wrix Gasteen

TITLE
Non-Executive Chairman
COMPENSATION
A$125K
AGE
68
TENURE
0.5 yrs

Leon Devaney

TITLE
CEO, MD & Director
COMPENSATION
A$767K
AGE
50
TENURE
1.3 yrs

Stuart Baker

TITLE
Non-Executive director
COMPENSATION
A$52K
TENURE
1.3 yrs

Kathy Hirschfeld

TITLE
Non-Executive Director
COMPENSATION
A$52K
AGE
58
TENURE
1.3 yrs

Julian Fowles

TITLE
Non-Executive Director
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Central Petroleum individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
06. Mar 20 Buy Katherine Hirschfeld Individual 04. Mar 20 04. Mar 20 257,850 €0.07 €16,842
25. Nov 19 Buy Julian Fowles Individual 21. Nov 19 25. Nov 19 100,000 €0.10 €9,549
20. Nov 19 Buy Katherine Hirschfeld Individual 18. Nov 19 19. Nov 19 303,000 €0.10 €30,794
16. May 19 Buy Troy Harry Individual 31. Jul 18 15. May 19 8,200,000 €0.09 €698,538
X
Management checks
We assess Central Petroleum'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. Central Petroleum 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.

C9J News

Simply Wall St News

C9J Company Info

Description

Central Petroleum Limited engages in the development, production, processing, and marketing of hydrocarbons in Australia. It holds interests in various oil and gas properties comprising 188,767 square kilometers of exploration area located in the Amadeus, Southern Georgina, Wiso, and Surat Basins. The company was founded in 1998 and is headquartered in Brisbane, Australia.

Details
Name: Central Petroleum Limited
C9J
Exchange: DB
Founded: 1998
A$29,198,446
723,057,206
Website: http://www.centralpetroleum.com.au
Address: Central Petroleum Limited
369 Ann Street,
Level 7,
Brisbane,
Queensland, 4000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX CTP Ordinary Shares Australian Securities Exchange AU AUD 07. Mar 2006
OTCPK CNPT.F Ordinary Shares Pink Sheets LLC US USD 07. Mar 2006
DB C9J Ordinary Shares Deutsche Boerse AG DE EUR 07. Mar 2006
CHIA CTP Ordinary Shares Chi-X Australia AU AUD 07. Mar 2006
Number of employees
Current staff
Staff numbers
99
Central Petroleum 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 22:06
End of day share price update: 2020/03/30 00:00
Last estimates confirmation: 2020/03/22
Last earnings filing: 2020/02/25
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/06/30


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.