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Pharos Energy

DB:OCS1
Snowflake Description

Mediocre balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
OCS1
DB
£43M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Pharos Energy plc engages in the exploration, development, and production of oil and gas properties. The last earnings update was 19 days ago. More info.


Add to Portfolio Compare Print
  • Pharos Energy has significant price volatility in the past 3 months.
OCS1 Share Price and Events
7 Day Returns
5.8%
DB:OCS1
18.1%
DE Oil and Gas
7.3%
DE Market
1 Year Returns
-87.2%
DB:OCS1
21.9%
DE Oil and Gas
-17.7%
DE Market
OCS1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Pharos Energy (OCS1) 5.8% -70.3% -82.9% -87.2% -93.5% -95.2%
DE Oil and Gas 18.1% -15.9% -28.7% 21.9% -25.6% 137.4%
DE Market 7.3% -17.9% -25.8% -17.7% -25.6% -29%
1 Year Return vs Industry and Market
  • OCS1 underperformed the Oil and Gas industry which returned 21.9% over the past year.
  • OCS1 underperformed the Market in Germany which returned -17.7% over the past year.
Price Volatility
OCS1
Industry
5yr Volatility vs Market

OCS1 Value

 Is Pharos Energy 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 Pharos Energy 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 Pharos Energy.

DB:OCS1 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 10.1%
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:OCS1
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%) (195.54%))
1.729
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.73
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.729 * 6.07%)
10.1%

Discounted Cash Flow Calculation for DB:OCS1 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Pharos Energy 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:OCS1 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.1%)
2020 -36.29 Analyst x5 -32.96
2021 -52.05 Analyst x4 -42.93
2022 16.36 Analyst x1 12.26
2023 23.47 Analyst x1 15.97
2024 22.05 Analyst x1 13.63
2025 21.14 Est @ -4.12% 11.86
2026 20.50 Est @ -3% 10.45
2027 20.05 Est @ -2.22% 9.28
2028 19.71 Est @ -1.67% 8.29
2029 19.46 Est @ -1.29% 7.43
Present value of next 10 years cash flows $13.00
DB:OCS1 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $19.46 × (1 + -0.39%) ÷ (10.1% – -0.39%)
$184.71
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $184.71 ÷ (1 + 10.1%)10
$70.54
DB:OCS1 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $13.00 + $70.54
$83.54
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $83.54 / 394.62
$0.21
DB:OCS1 Discount to Share Price
Calculation Result
Exchange Rate USD/GBP
(Reporting currency to currency of LSE:PHAR)
0.806
Value per Share
(GBP)
= Value per Share in USD x Exchange Rate (USD/GBP)
= $0.21 x 0.806
£0.17
Non-primary Listing Adjustment Factor 1 share in DB:OCS1 represents 0.91636x of LSE:PHAR
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.91636x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 0.17 x 0.91636
€0.16
Value per share (EUR) From above. €0.16
Current discount Discount to share price of €0.10
= -1 x (€0.10 - €0.16) / €0.16
35.5%

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

Current Discount
Amount off the current price Pharos Energy is available for.
Intrinsic value
36%
Share price is €0.1008 vs Future cash flow value of €0.15638
Current Discount Checks
For Pharos Energy to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Pharos Energy's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Pharos Energy's share price is below the future cash flow value, but not 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 Pharos Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Pharos Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:OCS1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $-0.07
LSE:PHAR Share Price ** LSE (2020-03-30) in GBP £0.11
LSE:PHAR Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.241 $0.14
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 Pharos Energy.

DB:OCS1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 0.14 ÷ -0.07

-1.86x

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

  • Pharos Energy is loss making, we can't compare its value to the Europe Oil and Gas industry average.
  • Pharos Energy is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Pharos Energy's expected growth come at a high price?
Raw Data
DB:OCS1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.86x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
20.2%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 65 Publicly-Listed Oil and Gas Companies 0.17x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Pharos Energy, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Pharos Energy's assets?
Raw Data
DB:OCS1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $1.41
LSE:PHAR Share Price * LSE (2020-03-30) in GBP £0.11
LSE:PHAR Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.241 $0.14
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:OCS1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.14 ÷ 1.41

0.1x

* Primary Listing of Pharos Energy.

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

  • Pharos Energy is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Pharos Energy'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. Pharos Energy has a total score of 2/6, see the detailed checks below.

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

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

OCS1 Future Performance

 How is Pharos Energy 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
20.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Pharos Energy expected to grow at an attractive rate?
  • Unable to compare Pharos Energy'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 Pharos Energy's earnings growth to the Germany market average as it is expected to be loss making during the next 1-3 years.
  • Pharos Energy'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:OCS1 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:OCS1 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 20.2%
DB:OCS1 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts -5.9%
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:OCS1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 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:OCS1 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 118 36 -12 1
2023-12-31 128 42 -10 1
2022-12-31 159 58 -17 2
2021-12-31 170 57 -14 5
2020-12-31 123 32 -36 2
2020-03-30
DB:OCS1 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 177 72 -27
2019-09-30 169 68 -14
2019-06-30 160 63 -1
2019-03-31 160 59 12
2018-12-31 160 54 24
2018-09-30 160 49 -66
2018-06-30 161 43 2
2018-03-31 152 44 -2
2017-12-31 143 45 -5
2017-09-30 143 51 -72
2017-06-30 142 57 7
2017-03-31 142 51 1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Pharos Energy is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • Pharos Energy'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:OCS1 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 5 Analyst Estimates (S&P Global) See Below

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

DB:OCS1 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31 -0.03 -0.03 -0.03 1.00
2023-12-31 -0.02 -0.02 -0.02 1.00
2022-12-31 -0.04 -0.04 -0.04 1.00
2021-12-31 -0.03 0.01 -0.07 3.00
2020-12-31 -0.07 -0.05 -0.09 2.00
2020-03-30
DB:OCS1 Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 -0.07
2019-09-30 -0.04
2019-06-30 0.00
2019-03-31 0.03
2018-12-31 0.07
2018-09-30 -0.20
2018-06-30 0.01
2018-03-31 -0.01
2017-12-31 -0.02
2017-09-30 -0.22
2017-06-30 0.02
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 Pharos Energy 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 Pharos Energy'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.
Pharos Energy 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.

OCS1 Past Performance

  How has Pharos Energy 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 Pharos Energy'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.
  • Pharos Energy does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Pharos Energy's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Pharos Energy's 1-year growth to the Europe Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Pharos Energy'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 Pharos Energy Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:OCS1 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 177.40 -26.50 22.10
2019-09-30 168.60 -13.50 24.10
2019-06-30 159.80 -0.50 28.60
2019-03-31 159.90 11.80 28.50
2018-12-31 160.00 24.10 28.40
2018-09-30 160.35 -66.05 24.25
2018-06-30 160.70 1.70 22.60
2018-03-31 151.65 -1.65 20.45
2017-12-31 142.60 -5.00 18.30
2017-09-30 142.50 -72.40 16.15
2017-06-30 142.40 6.90 14.00
2017-03-31 141.80 1.35 13.75
2016-12-31 141.20 -4.20 13.50
2016-09-30 141.05 -35.10 11.70
2016-06-30 147.40 -51.90 9.90
2016-03-31 172.60 -42.85 10.35
2015-12-31 197.80 -33.80 10.80
2015-09-30 258.10 -46.85 14.55
2015-06-30 318.40 -59.90 18.30
2015-03-31 383.30 -22.95 18.00
2014-12-31 448.20 14.00 17.70
2014-09-30 489.35 46.25 15.60
2014-06-30 530.50 78.50 13.50
2014-03-31 569.30 91.30 13.35
2013-12-31 608.10 104.10 13.20
2013-09-30 645.25 159.65 13.15
2013-06-30 682.40 215.20 13.10
2013-03-31 652.00 211.10 12.70

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

OCS1 Health

 How is Pharos Energy'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 Pharos Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Pharos Energy is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Pharos Energy's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Pharos Energy'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 covered by short term assets, assets are 1.2x 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 Pharos Energy Company Filings, last reported 2 months ago.

DB:OCS1 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 510.10 98.10 58.50
2019-09-30 510.10 98.10 58.50
2019-06-30 516.80 95.60 66.30
2019-03-31 516.80 95.60 66.30
2018-12-31 500.80 95.60 240.10
2018-09-30 500.80 95.60 240.10
2018-06-30 476.00 0.00 128.80
2018-03-31 476.00 0.00 128.80
2017-12-31 494.60 0.00 137.70
2017-09-30 494.60 0.00 137.70
2017-06-30 829.60 0.00 132.00
2017-03-31 829.60 0.00 132.00
2016-12-31 671.20 0.00 100.30
2016-09-30 856.50 0.00 100.30
2016-06-30 871.40 0.00 80.60
2016-03-31 871.40 0.00 80.60
2015-12-31 892.50 0.00 103.60
2015-09-30 892.50 0.00 103.60
2015-06-30 932.40 0.00 96.60
2015-03-31 932.40 0.00 96.60
2014-12-31 975.10 0.00 166.40
2014-09-30 975.10 0.00 166.40
2014-06-30 1,160.40 0.00 284.00
2014-03-31 1,160.40 0.00 284.00
2013-12-31 1,080.80 0.00 210.00
2013-09-30 1,080.80 0.00 210.00
2013-06-30 1,282.80 0.00 361.30
2013-03-31 1,282.80 0.00 361.30
  • Pharos Energy's level of debt (19.2%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Pharos Energy's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (73.7%, greater than 20% of total debt).
  • Pharos Energy is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Pharos Energy'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. Pharos Energy has a total score of 3/6, 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.

OCS1 Dividends

 What is Pharos Energy'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 Pharos Energy dividends. Estimated to be 15.48% next year.
If you bought €2,000 of Pharos Energy 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 Pharos Energy's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Pharos Energy'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:OCS1 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:OCS1 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-12-31 0.00 1.00
2023-12-31 0.00 1.00
2022-12-31 0.00 1.00
2021-12-31 0.03 3.00
2020-12-31 0.03 2.00
2020-03-30
DB:OCS1 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-03-11 0.000 0.000
2019-04-04 0.066 9.994
2019-03-06 0.072 7.924
2018-05-22 0.066 6.258
2017-06-13 0.088 6.312
2016-09-21 0.048 2.835
2016-04-15 0.026 1.417
2016-03-17 0.028 1.269
2015-04-29 0.139 6.255

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

  • Unable to perform a dividend volatility check as Pharos Energy has not reported any payouts.
  • Unable to verify if Pharos Energy's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Pharos Energy's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Pharos Energy has not reported any payouts.
Future Payout to shareholders
  • The company is expected to pay a dividend in 3 years whilst incurring a loss, therefore the dividend is not expected to be well covered.
X
Income/ dividend checks
We assess Pharos Energy'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 Pharos Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Pharos Energy 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.

OCS1 Management

 What is the CEO of Pharos Energy'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
Ed Story
COMPENSATION $2,262,000
AGE 76
CEO Bio

Mr. Edward T. Story, Jr., also known as Ed, is the Founder of SOCO International PLC and also serves as its Chief Executive Officer and President. Mr. Story also serves as Honorary Consul of Mongolia in Houston. He has over 50 years of experience in the international oil and gas industry. He served as President of the international subsidiary of Snyder Oil Corporation. He served as Vice President of International at Snyder Oil Corp. He was the Founder and served as the Chairman of Thaitex Petroleum Company from 1990 to 1991. He was Co-founder, Vice Chairman and Chief Financial Officer of Conquest Exploration Company from 1981 to 1990. He served as Vice President, Finance and Chief Financial Officer of Superior Oil Company from 1979 to 1981. Mr. Story held the positions of Exploration and Production Controller and Refining Controller of Exxon Corporation from 1975 to 1979. He held various positions in Esso Standard's international companies from 1966 to 1975. Mr. Story has been an Executive Director of Soco International PLC since April 1997. He has been Director of Hallwood Realty LLC, the General Partner of Hallwood Realty Partners, LP since June 1994. He serves as Director of Hallwood Realty Corporation. He serves as Director of Sen Hong Resources, an oil and gas company listed on the Hong Kong Stock Exchange. He serves as a Non-Executive and Independent Director of Cairn Energy India Pty Limited. He had been an Independent Non-Executive Director at Cairn India Limited since March 18, 2009. He has been Director of Vedanta Resources Limited (formerly known as Vedanta Resources PLC) since June 1, 2017. Mr. Story served as an Independent Non-Executive Director of Cairn Energy PLC from 1997 to January 15, 2009. He served as a Director of Devon SFS Operating, Inc. since 1999, Hi-Lo Automotive, Inc., since January 1988 and Snyder Oil Corp. since 1996. He served as a Director of First Banks America, Inc. since 1987. He has a Bachelor of Science degree from the Trinity University, San Antonio, Texas and holds an MBA from the University of Texas. He has been conferred an Honorary Doctorate degree by the Institute of Finance and Economics of Mongolia. He held senior executive positions at various international oil and gas companies such as Snyder Oil Corporation, Conquest Exploration Company, Superior Oil Company, Exxon Corporation and Esso Standard Oil.

CEO Compensation
  • Ed's compensation has increased whilst company is loss making.
  • Ed's remuneration is higher than average for companies of similar size in Germany.
Management Team

Ed Story

TITLE
CEO, President & Executive Director
COMPENSATION
$2M
AGE
76

Mike Watts

TITLE
MD & Director
COMPENSATION
$2M
AGE
63
TENURE
2.3 yrs

Jann Brown

TITLE
MD, CFO & Director
COMPENSATION
$1M
AGE
63
TENURE
2.3 yrs

Mohamed Sayed

TITLE
Group Head of Technical

Sharan Dhami

TITLE
Group Head of Investor Relations

Sarah Jamison

TITLE
General Counsel

Fiona Carr

TITLE
Group Head of Human Resource

Vincent Duignan

TITLE
GM of South East Asia & Group Exploration Manager

Sue Rivett

TITLE
Group Head of Finance & General Manager

Jacquie Campbell

TITLE
Group Head of Commercial
Board of Directors Tenure

Average tenure and age of the Pharos Energy board of directors in years:

2.3
Average Tenure
63
Average Age
  • The average tenure for the Pharos Energy board of directors is less than 3 years, this suggests a new board.
Board of Directors

John Martin

TITLE
Non-Executive Chairman of the Board
COMPENSATION
$41K
AGE
69

Ed Story

TITLE
CEO, President & Executive Director
COMPENSATION
$2M
AGE
76
TENURE
22.9 yrs

Rob Gray

TITLE
Non-Executive Deputy Chairman & Senior Independent Director
COMPENSATION
$133K
AGE
65
TENURE
2.3 yrs

Mike Watts

TITLE
MD & Director
COMPENSATION
$2M
AGE
63
TENURE
2.3 yrs

Jann Brown

TITLE
MD, CFO & Director
COMPENSATION
$1M
AGE
63
TENURE
2.3 yrs

Ettore P. Contini

TITLE
Non-Executive Director
COMPENSATION
$67K
AGE
44
TENURE
18.3 yrs

Marianne Daryabegui

TITLE
Independent Non-Executive Director
AGE
54
TENURE
1 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 (€)
26. Apr 19 Buy Janice Brown Individual 26. Apr 19 26. Apr 19 11,452 €0.87 €10,001
26. Apr 19 Buy Michael Watts Individual 26. Apr 19 26. Apr 19 11,452 €0.87 €10,001
X
Management checks
We assess Pharos Energy'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. Pharos Energy 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.

OCS1 News

Simply Wall St News

OCS1 Company Info

Description

Pharos Energy plc engages in the exploration, development, and production of oil and gas properties. The company has production, development, and exploration interests in Vietnam and Egypt. It holds a 30.5% working interest in the Te Giac Trang Field of Block 16-1 located in the shallow water Cuu Long Basin, offshore southern Vietnam; a 25% working interest in the Ca Ngu Vang field of Block 9-2 situated in the shallow water Cuu Long Basin, offshore southern Vietnam; a 70% interest in the Blocks 125 & 126, located in the moderate to deep water Phu Khanh Basin, offshore central Vietnam; and a 100% working interest in the onshore El Fayum concession in the Western Desert, Egypt. The company was formerly known as SOCO International plc and changed its name to Pharos Energy plc in October 2019. Pharos Energy plc was founded in 1997 and is headquartered in London, the United Kingdom.

Details
Name: Pharos Energy plc
OCS1
Exchange: DB
Founded: 1997
£48,809,750
394,618,590
Website: http://www.pharos.energy
Address: Pharos Energy plc
48 Dover Street,
London,
Greater London, W1S 4FF,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE PHAR Ordinary Shares London Stock Exchange GB GBP 29. May 1997
OTCPK SOCL.F Ordinary Shares Pink Sheets LLC US USD 29. May 1997
DB OCS1 Ordinary Shares Deutsche Boerse AG DE EUR 29. May 1997
Number of employees
Current staff
Staff numbers
24
Pharos Energy 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 22:43
End of day share price update: 2020/03/30 00:00
Last estimates confirmation: 2020/03/30
Last earnings filing: 2020/03/11
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.