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FAR

DB:FA6
Snowflake Description

Adequate balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FA6
DB
A$170M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

FAR Limited operates as an oil and gas exploration and development company with primary assets located in Africa and Australia. The last earnings update was 8 days ago. More info.


Add to Portfolio Compare Print
  • FAR has significant price volatility in the past 3 months.
FA6 Share Price and Events
7 Day Returns
150%
DB:FA6
8.7%
DE Oil and Gas
4.3%
DE Market
1 Year Returns
-84.8%
DB:FA6
34.4%
DE Oil and Gas
-14.2%
DE Market
FA6 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
FAR (FA6) 150% -23.1% -77.8% -84.8% -91.7% -92.1%
DE Oil and Gas 8.7% -2.8% -19.4% 34.4% -14.7% 157%
DE Market 4.3% -9% -21.6% -14.2% -19.6% -25.6%
1 Year Return vs Industry and Market
  • FA6 underperformed the Oil and Gas industry which returned 34.4% over the past year.
  • FA6 underperformed the Market in Germany which returned -14.2% over the past year.
Price Volatility
FA6
Industry
5yr Volatility vs Market

FA6 Value

 Is FAR 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 FAR. This is due to cash flow or dividend data being unavailable. The share price is €0.005.
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 FAR's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are FAR's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:FA6 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $0.00
ASX:FAR Share Price ** ASX (2020-04-08) in AUD A$0.02
ASX:FAR Share Price converted to USD reporting currency Exchange rate (AUD/ USD) 0.623 $0.01
Europe Oil and Gas Industry PE Ratio Median Figure of 104 Publicly-Listed Oil and Gas Companies 6.5x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 17.07x

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

** Primary Listing of FAR.

DB:FA6 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:FAR Share Price ÷ EPS (both in USD)

= 0.01 ÷ 0.00

-3x

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

  • FAR is loss making, we can't compare its value to the Europe Oil and Gas industry average.
  • FAR is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does FAR's expected growth come at a high price?
Raw Data
DB:FA6 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -3x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
30.4%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 66 Publicly-Listed Oil and Gas Companies 0.32x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.24x

*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 FAR, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on FAR's assets?
Raw Data
DB:FA6 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $0.02
ASX:FAR Share Price * ASX (2020-04-08) in AUD A$0.02
ASX:FAR Share Price converted to USD reporting currency Exchange rate (AUD/ USD) 0.623 $0.01
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1.01x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.47x
DB:FA6 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:FAR Share Price ÷ Book Value per Share (both in USD)

= 0.01 ÷ 0.02

0.51x

* Primary Listing of FAR.

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

  • FAR is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess FAR'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. FAR 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.

FA6 Future Performance

 How is FAR expected to perform in the next 1 to 3 years based on estimates from 4 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
30.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is FAR expected to grow at an attractive rate?
  • Unable to compare FAR's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare FAR's earnings growth to the Germany market average as it is expected to be loss making during the next 1-3 years.
  • Unable to compare FAR's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:FA6 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:FA6 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 30.4%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13.8%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*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:FA6 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:FA6 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 0 -8 -13 4
2020-12-31 0 -5 -9 4
2020-04-08
DB:FA6 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 -19 -21
2019-09-30 -17 -15
2019-06-30 -14 -7
2019-03-31 -16 -8
2018-12-31 -18 -12
2018-09-30 -21 -17
2018-06-30 -26 -25
2018-03-31 -27 -29
2017-12-31 -28 -33
2017-09-30 -25 -30
2017-06-30 -21 -25
2017-03-31 -18 -21

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • FAR is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • Unable to determine if FAR is high growth as no revenue estimate data is available.
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:FA6 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 4 Analyst Estimates (S&P Global) See Below

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

DB:FA6 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.00 0.00 0.00 4.00
2020-12-31 0.00 0.00 0.00 4.00
2020-04-08
DB:FA6 Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 0.00
2019-09-30 0.00
2019-06-30 0.00
2019-03-31 0.00
2018-12-31 0.00
2018-09-30 0.00
2018-06-30 0.00
2018-03-31 -0.01
2017-12-31 -0.01
2017-09-30 -0.01
2017-06-30 -0.01
2017-03-31 0.00

*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 FAR will efficiently use shareholders’ funds in the future (Return on Equity greater than 20%) as it is not expected to be profitable.
X
Future performance checks
We assess FAR'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.
FAR 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.

FA6 Past Performance

  How has FAR 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 FAR'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.
  • FAR does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare FAR's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare FAR's 1-year growth to the Europe Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
FAR'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 FAR Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:FA6 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 -21.14 18.69
2019-09-30 -15.08 14.75
2019-06-30 -6.62 10.27
2019-03-31 -8.04 12.37
2018-12-31 -11.62 14.65
2018-09-30 -16.53 19.81
2018-06-30 -25.26 26.08
2018-03-31 -29.38 28.57
2017-12-31 -33.42 30.96
2017-09-30 -29.64 27.62
2017-06-30 -25.16 23.62
2017-03-31 -20.83 20.25
2016-12-31 -15.74 16.09
2016-09-30 -16.47 17.14
2016-06-30 -15.80 16.75
2016-03-31 -15.69 16.69
2015-12-31 -14.29 15.26
2015-09-30 -0.08 -11.32 13.02
2015-06-30 -0.18 -9.68 12.37
2015-03-31 -0.09 -7.44 10.13
2014-12-31 -5.68 8.58
2014-06-30 0.44 -7.93 8.18
2014-03-31 0.56 -7.59 8.00
2013-12-31 0.66 -7.11 7.67
2013-06-30 0.94 -8.60 9.05

*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 FAR has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if FAR 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 FAR 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 FAR'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.
FAR 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.

FA6 Health

 How is FAR'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 FAR's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • FAR is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • FAR's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of FAR'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.
  • FAR has no debt, it does not need to be 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 FAR Company Filings, last reported 3 months ago.

DB:FA6 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 129.31 0.00 13.75
2019-09-30 129.31 0.00 13.75
2019-06-30 142.84 0.00 35.87
2019-03-31 142.84 0.00 35.87
2018-12-31 120.11 0.00 19.54
2018-09-30 123.48 0.00 20.09
2018-06-30 122.18 0.00 21.46
2018-03-31 127.01 0.00 22.31
2017-12-31 134.03 0.00 39.00
2017-09-30 134.61 0.00 39.17
2017-06-30 148.09 0.00 70.13
2017-03-31 147.40 0.00 69.80
2016-12-31 104.71 0.00 33.97
2016-09-30 110.99 0.00 36.01
2016-06-30 112.43 0.00 49.46
2016-03-31 116.00 0.00 51.03
2015-12-31 74.49 0.00 44.27
2015-09-30 71.91 0.00 42.73
2015-06-30 54.84 0.00 33.62
2015-03-31 54.35 0.00 33.32
2014-12-31 61.61 0.00 55.08
2014-06-30 31.76 0.00 40.35
2014-03-31 31.22 0.00 39.67
2013-12-31 27.04 0.00 21.72
2013-06-30 31.53 0.00 17.37
  • FAR has no debt.
  • FAR has not taken on any debt in the past 5 years.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • FAR has less than a year of cash runway based on current free cash flow.
  • FAR has less than a year of cash runway if free cash flow continues to grow at historical rates of 9.8% each year.
X
Financial health checks
We assess FAR'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. FAR has a total score of 4/6, 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.

FA6 Dividends

 What is FAR'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 FAR dividends. Estimated to be 0% next year.
If you bought €2,000 of FAR 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 FAR's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate FAR'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:FA6 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 4 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 8.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.6%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

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

DB:FA6 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 2.00
2020-12-31 0.00 2.00
2020-04-08

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

  • Unable to perform a dividend volatility check as FAR has not reported any payouts.
  • Unable to verify if FAR's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of FAR's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as FAR has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of FAR's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess FAR's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 FAR afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. FAR 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.

FA6 Management

 What is the CEO of FAR'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
Cath Norman
COMPENSATION $835,954
TENURE AS CEO 8.4 years
CEO Bio

Ms. Catherine Margaret Norman, also known as Cath, BSc (Geophysics) serves as the Vice President, Marketing at Shasta Ventures since 2016. Ms. Norman has been the Managing Director and Executive Director of Flow Energy Pty Ltd. and FAR Limited since November 28, 2011. She served as the Chief Executive Officer and Managing Director of Flow Energy Limited since July 27, 2006 and served as its Chief Operating Officer. She joined Gippsland Offshore in February 2005 after 20 years in the mineral, oil and gas industries. She leads Shasta’s marketing efforts and oversees the firm’s branding, communications, content, and events. She also works closely with Shasta’s portfolio companies, providing strategic marketing counsel. For 25 years, Catherine worked with a variety of high tech businesses ranging from high-growth startups to Fortune 100 companies. She is an accomplished marketing executive who specializes in leading strategic, creative and metrics-driven campaigns that build stronger brand identity for companies, organizations, and executives. She joined the firm after running in-house marketing communications teams for leading technology startups such as Atlassian, Shop.com, and Wired.com. She founded and led the San Francisco office of Ruder Finn, a privately-held global public relations firm that was named among the top 10 agencies in the Bay Area and counted Macromedia, Seagate Technology and Intel among its clients. At Autodesk, Catherine launched her career as the speechwriter for then-CEO Carol Bartz. She led Autodesk’s worldwide corporate, executive and product public relations before managing the global communications efforts for Sun Microsystems’ software division. She received her Master’s degree in English from Northwestern University and her Bachelor’s degree, cum laude, in English from Harvard College. She is really good at speaking English and is a professional geophysist.

CEO Compensation
  • Cath's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Cath's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the FAR management team in years:

1.4
Average Tenure
  • The average tenure for the FAR management team is less than 2 years, this suggests a new team.
Management Team

Cath Norman

TITLE
MD & Executive Director
COMPENSATION
$836K
TENURE
8.4 yrs

Pete Thiessen

TITLE
Chief Financial Officer
COMPENSATION
$454K
TENURE
7.7 yrs

Michael Howard Cowie

TITLE
General Counsel
COMPENSATION
$387K
TENURE
2.2 yrs

Tim Woodall

TITLE
Executive Director - Commercial
COMPENSATION
$100K
TENURE
0.6 yrs

Peter Nicholls

TITLE
Exploration Manager
COMPENSATION
$582K

Jon Keall

TITLE
Chief Geoscientist

Bruno Delanoue

TITLE
Président Directeur Général of Senegal
TENURE
0.3 yrs

Elisha Larkin

TITLE
Company Secretary
TENURE
0.3 yrs

June Atling

TITLE
Administration Manager of Australia
COMPENSATION
$88K
AGE
68
Board of Directors Tenure

Average tenure of the FAR board of directors in years:

5.3
Average Tenure
  • The tenure for the FAR board of directors is about average.
Board of Directors

Nic Limb

TITLE
Non-Executive Chairman
COMPENSATION
$200K
AGE
64
TENURE
8 yrs

Cath Norman

TITLE
MD & Executive Director
COMPENSATION
$836K
TENURE
8.4 yrs

Tim Woodall

TITLE
Executive Director - Commercial
COMPENSATION
$100K
TENURE
2.7 yrs

Reg Nelson

TITLE
Lead Independent Director
COMPENSATION
$100K
AGE
73

Julian Fowles

TITLE
Independent Non-Executive Director
TENURE
0.5 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by FAR individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
04. Mar 20 Sell Morgan Stanley, Investment Banking and Brokerage Investments Company 25. Feb 20 02. Mar 20 -37,340,080 €0.02 €-634,813
04. Mar 20 Buy Morgan Stanley, Investment Banking and Brokerage Investments Company 29. Jan 20 02. Mar 20 5,193,944 €0.02 €102,464
04. Mar 20 Buy Orbis Investment Management Limited Company 28. Feb 20 28. Feb 20 231,715,608 €0.01 €3,106,787
04. Mar 20 Buy AMP Capital Investors Limited Company 28. Feb 20 28. Feb 20 5,707,211 €0.01 €76,525
02. Mar 20 Buy Orbis Investment Management Limited Company 28. Jan 20 27. Feb 20 3,953,387 €22.36 €80,329,280
02. Mar 20 Buy AMP Capital Investors Limited Company 03. Feb 20 27. Feb 20 99,493 €20.24 €2,013,819
26. Feb 20 Buy Nicholas Limb Individual 24. Feb 20 24. Feb 20 10,000,000 €0.02 €188,931
20. Feb 20 Buy Julian Fowles Individual 19. Feb 20 19. Feb 20 640,000 €0.02 €12,269
20. Feb 20 Buy Reginald Nelson Individual 19. Feb 20 19. Feb 20 1,000,000 €0.02 €19,356
18. Feb 20 Buy Timothy Woodall Individual 18. Feb 20 18. Feb 20 700,000 €0.02 €13,855
17. Feb 20 Buy Catherine Norman Individual 14. Feb 20 14. Feb 20 640,000 €0.02 €12,295
29. Jan 20 Buy Orbis Investment Management Limited Company 13. Dec 19 21. Jan 20 819,736,860 €0.03 €21,516,710
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X
Management checks
We assess FAR'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. FAR 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.

FA6 News

Simply Wall St News

FA6 Company Info

Description

FAR Limited operates as an oil and gas exploration and development company with primary assets located in Africa and Australia. The company holds interest in approximately nine exploration blocks in the Senegal, the Gambia, the Guinea-Bissau, and the Kenya projects covering an area of 31,400 square kilometers in West and East Africa. It also holds a petroleum exploration permit in Western Australia. The company was formerly known as First Australian Resources NL and changed its name to FAR Limited in 2010. FAR Limited was incorporated in 1984 and is headquartered in Melbourne, Australia.

Details
Name: FAR Limited
FA6
Exchange: DB
Founded: 1984
A$97,190,859
9,978,830,197
Website: http://www.far.com.au
Address: FAR Limited
530 Collins Street,
Level 17,
Melbourne,
Victoria, 3000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX FAR Ordinary Shares Australian Securities Exchange AU AUD 02. Jan 1992
OTCPK FARY.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
DB FA6 Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
CHIA FAR Ordinary Shares Chi-X Australia AU AUD 02. Jan 1992
Number of employees
Current staff
Staff numbers
0
FAR employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 21:07
End of day share price update: 2020/04/08 00:00
Last estimates confirmation: 2020/03/31
Last earnings filing: 2020/03/31
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.