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Oil Search

DB:OIS
Snowflake Description

Established dividend payer and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
OIS
DB
A$4B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Oil Search Limited explores for, develops, and produces oil and gas properties in Papua New Guinea, the United States, and Australia. The last earnings update was 44 days ago. More info.


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  • Oil Search has significant price volatility in the past 3 months.
OIS Share Price and Events
7 Day Returns
2.9%
DB:OIS
8.7%
DE Oil and Gas
4.3%
DE Market
1 Year Returns
-71.7%
DB:OIS
34.4%
DE Oil and Gas
-14.2%
DE Market
OIS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Oil Search (OIS) 2.9% -21.4% -70% -71.7% -73% -75.1%
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
  • OIS underperformed the Oil and Gas industry which returned 34.4% over the past year.
  • OIS underperformed the Market in Germany which returned -14.2% over the past year.
Price Volatility
OIS
Industry
5yr Volatility vs Market
Related Companies

OIS Value

 Is Oil Search 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 Oil Search 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 Oil Search.

DB:OIS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in USD $ 0.038399375
Payout Ratio Company Filings (2019-12-31) 4365.4%
Discount Rate (Cost of Equity) See below 8.8%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

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

Calculation of Discount Rate/ Cost of Equity for DB:OIS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.97
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.972 (1 + (1- 30%) (156.5%))
1.695
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.69
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.695 * 5.44%)
8.83%

Discounted Cash Flow Calculation for DB:OIS using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Oil Search is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

DB:OIS Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= $0.04 / (8.83% - -0.39%)
$0.21
DB:OIS Discount to Share Price
Calculation Result
Exchange Rate USD/AUD
(Reporting currency to currency of ASX:OSH)
1.616
Value per Share
(AUD)
= Value per Share in USD x Exchange Rate (USD/AUD)
= $0.42 x 1.616
A$0.67
Non-primary Listing Adjustment Factor 1 share in DB:OIS represents 0.55642x of ASX:OSH
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.55642x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (AUD) x Listing Adjustment Factor
= A$ 0.67 x 0.55642
€0.37
Value per share (EUR) From above. €0.37
Current discount Discount to share price of €1.43
= -1 x (€1.43 - €0.37) / €0.37
-281.8%

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

  • The current share price of Oil Search is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Oil Search's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Oil Search's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:OIS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $0.20
ASX:OSH Share Price ** ASX (2020-04-03) in AUD A$2.57
ASX:OSH Share Price converted to USD reporting currency Exchange rate (AUD/ USD) 0.619 $1.59
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 Oil Search.

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

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

= 1.59 ÷ 0.20

7.76x

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

  • Oil Search is overvalued based on earnings compared to the Europe Oil and Gas industry average.
  • Oil Search is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Oil Search's expected growth come at a high price?
Raw Data
DB:OIS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.76x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts
11.8%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 .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.76x ÷ 11.8%

0.66x

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

  • Oil Search is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Oil Search's assets?
Raw Data
DB:OIS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $3.45
ASX:OSH Share Price * ASX (2020-04-03) in AUD A$2.57
ASX:OSH Share Price converted to USD reporting currency Exchange rate (AUD/ USD) 0.619 $1.59
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:OIS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1.59 ÷ 3.45

0.46x

* Primary Listing of Oil Search.

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

  • Oil Search is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Oil Search'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. Oil Search has a total score of 3/6, 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.

OIS Future Performance

 How is Oil Search expected to perform in the next 1 to 3 years based on estimates from 14 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
11.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Oil Search expected to grow at an attractive rate?
  • Oil Search's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Oil Search's earnings growth is positive but not above the Germany market average.
  • Oil Search's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:OIS Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:OIS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts 11.8%
DB:OIS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts 2.9%
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:OIS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:OIS Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 2,064 1,047 500 2
2023-12-31 1,790 887 460 2
2022-12-31 1,478 734 255 11
2021-12-31 1,209 494 122 14
2020-12-31 1,149 543 54 14
2020-04-08
DB:OIS Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 1,585 752 312
2019-09-30 1,670 891 368
2019-06-30 1,755 1,030 424
2019-03-31 1,645 942 383
2018-12-31 1,536 855 341
2018-09-30 1,432 761 297
2018-06-30 1,328 668 252
2018-03-31 1,387 756 277
2017-12-31 1,446 844 302
2017-09-30 1,389 789 248
2017-06-30 1,331 735 193
2017-03-31 1,284 645 142

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Oil Search's earnings are expected to grow by 11.8% yearly, however this is not considered high growth (20% yearly).
  • Oil Search's revenue is expected to grow by 2.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:OIS 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 14 Analyst Estimates (S&P Global) See Below

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

DB:OIS Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31 0.29 0.37 0.21 2.00
2023-12-31 0.26 0.31 0.21 2.00
2022-12-31 0.12 0.21 0.03 8.00
2021-12-31 0.06 0.12 0.02 11.00
2020-12-31 0.03 0.10 -0.03 11.00
2020-04-08
DB:OIS Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 0.20
2019-09-30 0.24
2019-06-30 0.28
2019-03-31 0.25
2018-12-31 0.22
2018-09-30 0.19
2018-06-30 0.17
2018-03-31 0.18
2017-12-31 0.20
2017-09-30 0.16
2017-06-30 0.13
2017-03-31 0.09

*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.
  • Oil Search is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Oil Search'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.
Oil Search has a total score of 1/6, 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.

OIS Past Performance

  How has Oil Search 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 Oil Search'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.
  • Oil Search's year on year earnings growth rate has been positive over the past 5 years.
  • Oil Search's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Oil Search's 1-year earnings growth is negative, it can't be compared to the Europe Oil and Gas industry average.
Earnings and Revenue History
Oil Search'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 Oil Search Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:OIS 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 1,584.81 312.42 85.83
2019-09-30 1,669.88 368.20 101.76
2019-06-30 1,754.95 423.97 117.69
2019-03-31 1,645.36 382.59 110.05
2018-12-31 1,535.76 341.20 102.42
2018-09-30 1,431.67 296.68 90.82
2018-06-30 1,327.59 252.15 79.22
2018-03-31 1,386.79 277.12 75.12
2017-12-31 1,446.00 302.09 71.01
2017-09-30 1,388.65 247.72 67.86
2017-06-30 1,331.30 193.35 64.70
2017-03-31 1,283.60 141.57 77.91
2016-12-31 1,235.91 89.80 91.12
2016-09-30 1,269.33 -75.77 105.08
2016-06-30 1,302.75 -241.34 119.04
2016-03-31 1,444.24 -140.36 110.19
2015-12-31 1,585.73 -39.38 101.34
2015-09-30 1,774.93 194.43 136.24
2015-06-30 1,964.14 428.24 171.13
2015-03-31 1,787.25 390.73 165.51
2014-12-31 1,610.37 353.22 159.89
2014-09-30 1,252.81 298.97 150.28
2014-06-30 895.26 244.73 140.66
2014-03-31 830.76 225.22 139.42
2013-12-31 766.27 205.72 138.18
2013-09-30 736.67 193.79 120.01
2013-06-30 707.07 181.86 101.85

*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.
  • Oil Search has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Oil Search used its assets less efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • Oil Search has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Oil Search'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.
Oil Search has a total score of 2/6, 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.

OIS Health

 How is Oil Search'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 Oil Search's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Oil Search's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Oil Search's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Oil Search's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.2x 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 Oil Search Company Filings, last reported 3 months ago.

DB:OIS Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 5,258.41 3,379.36 396.23
2019-09-30 5,258.41 3,379.36 396.23
2019-06-30 5,179.20 3,119.28 538.32
2019-03-31 5,179.20 3,119.28 538.32
2018-12-31 5,165.62 3,293.56 600.56
2018-09-30 5,165.62 3,293.56 600.56
2018-06-30 4,928.53 3,592.08 412.15
2018-03-31 4,928.53 3,592.08 412.15
2017-12-31 4,937.75 3,625.46 1,015.25
2017-09-30 4,937.75 3,625.46 1,015.25
2017-06-30 4,820.39 3,920.48 973.81
2017-03-31 4,820.39 3,920.48 973.81
2016-12-31 4,725.32 3,939.38 862.75
2016-09-30 4,725.32 3,939.38 862.75
2016-06-30 4,676.63 4,220.38 779.73
2016-03-31 4,676.63 4,220.38 779.73
2015-12-31 4,709.36 4,228.63 910.48
2015-09-30 4,709.36 4,228.63 910.48
2015-06-30 5,065.44 4,360.47 842.96
2015-03-31 5,065.44 4,360.47 842.96
2014-12-31 5,025.48 4,412.19 960.17
2014-09-30 5,025.48 4,412.19 960.17
2014-06-30 4,829.88 4,143.02 367.78
2014-03-31 4,829.88 4,143.02 367.78
2013-12-31 3,421.05 4,024.42 209.66
2013-09-30 3,421.05 4,024.42 209.66
2013-06-30 3,324.28 3,307.85 292.13
  • Oil Search's level of debt (64.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (87.8% vs 64.3% today).
  • Debt is well covered by operating cash flow (22.3%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 3x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Oil Search'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. Oil Search has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

OIS Dividends

 What is Oil Search'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
5.97%
Current annual income from Oil Search dividends. Estimated to be 2.41% next year.
If you bought €2,000 of Oil Search shares you are expected to receive €119 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?
  • Oil Search's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.63%).
  • Oil Search's dividend is above the markets top 25% of dividend payers in Germany (4.61%).
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:OIS 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 14 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:OIS Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-12-31 0.12 3.00
2023-12-31 0.11 3.00
2022-12-31 0.05 12.00
2021-12-31 0.02 15.00
2020-12-31 0.01 15.00
2020-04-08
DB:OIS Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-24 0.095 5.018
2019-08-20 0.135 2.774
2019-03-08 0.105 2.043
2018-02-19 0.095 1.610
2017-08-21 0.065 1.146
2017-02-20 0.035 0.661
2016-08-23 0.020 0.384
2016-02-22 0.100 1.937
2015-02-23 0.160 3.004
2014-09-11 0.040 0.585
2014-03-14 0.040 0.466
2013-08-19 0.040 0.523
2013-02-25 0.040 0.526
2012-08-21 0.040 0.527
2012-08-20 0.040 0.532
2012-02-20 0.040 0.566
2011-08-23 0.040 0.626
2011-02-22 0.040 0.560
2011-02-21 0.040 0.567
2010-08-24 0.040 0.627
2010-02-23 0.040 0.788
2009-08-25 0.040 0.754

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Oil Search's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.4x coverage).
X
Income/ dividend checks
We assess Oil Search'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 Oil Search afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Oil Search has a total score of 5/6, see the detailed checks below.


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

OIS Management

 What is the CEO of Oil Search'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
Keiran Wulff
COMPENSATION $1,960,488
TENURE AS CEO 0.2 years
CEO Bio

Dr. Keiran John Wulff, B.Sc, Grad Dip, PhD., BASc in Petroleum Geology, has been Managing Director and Director of Oil Search Limited since February 25, 2020. Dr. Wulff served as Executive Vice President at Oil Search Limited from March 2018 to February 25, 2020 and served as its President of Alaska from March 2018 to December 2019. He served as Executive General Manager of Exploration & New Business at Oil Search Limited. Dr. Wulff served as the Managing Director of Buru Energy Limited since January 14, 2013 until July 2014. Dr. Wulff served as Executive General Manager of Business Development and President Oil Search for Middle Eastern region of Oil Search Limited and served as its Chief Operating Officer of Australian office. He worked at Oil Search from 1993 to 2008 and rejoined in 2015. He has held senior positions with companies such as Philips, Petroz, Australian Occidental and Oil Search. Dr. Wulff has to the Board a strong background with technical and managerial experience in the oil and gas industry spanning 28 years. He served as the Non-Executive Chairman of WAG Limited and its a Director since December 21, 2011. He serves as an Executive Chairman of Aligned Energy Ltd. He serves as a Director of Whl Resources Pty. Ltd. He served as an Executive Director of Buru Energy Limited since 2012 until July 2014 and previously served as its Director. He served as a Non-Executive Director of WHL Energy Limited from June 2012 to October 2012. Dr. Wulff served as a Non-Executive Director of Agri Energy Limited from April 21, 2011 to August 18, 2011. Dr. Wulff is a petroleum geologist, with under graduate and post graduate qualifications from Curtin University in Perth.

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

Average tenure of the Oil Search management team in years:

0.8
Average Tenure
  • The average tenure for the Oil Search management team is less than 2 years, this suggests a new team.
Management Team

Keiran Wulff

TITLE
MD & Director
COMPENSATION
$2M
TENURE
0.2 yrs

Stephen Gardiner

TITLE
Chief Financial Officer
COMPENSATION
$1M
AGE
60
TENURE
7.4 yrs

Bart Lismont

TITLE
Executive Vice President of Technology & Value Assurance
COMPENSATION
$314K
TENURE
0.8 yrs

Michael Drew

TITLE
Group Secretary and Executive VP of Corporate & General Counsel
COMPENSATION
$1M
AGE
50
TENURE
6.3 yrs

Ian Munro

TITLE
Executive Vice President of Portfolio Management
COMPENSATION
$1M

Beth White

TITLE
Executive Vice President of Gas Project Delivery
COMPENSATION
$1M

Ann Diamant

TITLE
Senior Vice President of Investor Relations

Matthew Park

TITLE
Vice President of Communications & Media

Dale Rollins

TITLE
Executive Vice President of PNG Business Unit
TENURE
0.8 yrs

John Kurz

TITLE
Chief Operating Officer of PNG Business Unit
TENURE
0.8 yrs
Board of Directors Tenure

Average tenure and age of the Oil Search board of directors in years:

3.5
Average Tenure
63.5
Average Age
  • The tenure for the Oil Search board of directors is about average.
Board of Directors

Rick Lee

TITLE
Independent Chairman of the Board
COMPENSATION
$410K
AGE
69
TENURE
7.2 yrs

Keiran Wulff

TITLE
MD & Director
COMPENSATION
$2M
TENURE
0.2 yrs

Agu Kantsler

TITLE
Independent Non-Executive Director
COMPENSATION
$211K
AGE
68
TENURE
9.8 yrs

Fiona Harris

TITLE
Independent Non-Executive Director
COMPENSATION
$210K
AGE
58
TENURE
3.3 yrs

Kostas Constantinou

TITLE
Independent Non-Executive Director
COMPENSATION
$193K
AGE
61
TENURE
18 yrs

Eileen Doyle

TITLE
Independent Non-Executive Director
COMPENSATION
$211K
AGE
64
TENURE
4.2 yrs

Mel Togolo

TITLE
Independent Non-Executive Director
COMPENSATION
$193K
AGE
72
TENURE
3.5 yrs

Susan Cunningham

TITLE
Independent Non-Executive Director
COMPENSATION
$201K
AGE
63
TENURE
2.1 yrs

Bakheet Al Katheeri

TITLE
Independent Non-Executive Director
COMPENSATION
$202K
AGE
44
TENURE
2.1 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Oil Search individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
31. Mar 20 Buy Sumitomo Mitsui Trust Asset Management Co., Ltd. Company 27. Nov 19 27. Mar 20 166,497 €3.03 €504,101
31. Mar 20 Buy Nikko Asset Management Co., Ltd. Company 27. Nov 19 27. Mar 20 32,239,536 €2.11 €67,945,659
10. Mar 20 Buy Eileen Doyle Individual 09. Mar 20 09. Mar 20 11,500 €2.02 €23,235
10. Mar 20 Buy Agu Kantsler Individual 09. Mar 20 09. Mar 20 10,000 €2.32 €23,157
03. Mar 20 Buy Richard Lee Individual 27. Feb 20 27. Feb 20 20,000 €3.42 €68,334
18. Feb 20 Sell Capital Research and Management Company Company 11. Feb 20 14. Feb 20 -18,509,496 €3.99 €-73,823,114
13. Feb 20 Sell Capital Research and Management Company Company 30. Jan 19 11. Feb 20 -18,664,788 €3.90 €-72,866,657
15. Sep 19 Buy FIL Limited Company 04. Jul 19 11. Sep 19 10,742,235 €4.61 €49,504,779
03. Jul 19 Sell FIL Limited Company 30. Apr 19 01. Jul 19 -3,755,388 €4.82 €0
03. Jul 19 Buy FIL Limited Company 11. Apr 19 24. Jun 19 1,355,858 €4.95 €0
X
Management checks
We assess Oil Search'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. Oil Search 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.

OIS News

Simply Wall St News

OIS Company Info

Description

Oil Search Limited explores for, develops, and produces oil and gas properties in Papua New Guinea, the United States, and Australia. The company operates through PNG Business Unit and Alaska Business Unit segments. It is involved in the development, production, and sale of hydrocarbons, liquefied natural gas, crude oil, natural gas, condensate, naphtha, and other refined products; and power generation activities. As of December 31, 2019, the company’s proved and probable reserves, and contingent resources comprised 497.0 million barrels of oil and condensate; and 6,737.0 billion cubic feet of gas. Oil Search Limited was founded in 1929 and is based in Port Moresby, Papua New Guinea.

Details
Name: Oil Search Limited
OIS
Exchange: DB
Founded: 1929
A$2,226,383,449
1,524,746,985
Website: http://www.oilsearch.com
Address: Oil Search Limited
Harbourside East Building,
Ground Floor,
Port Moresby,
Papua New Guinea
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX OSH Ordinary Shares Australian Securities Exchange AU AUD 02. Jan 1992
OTCPK OISH.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
DB OIS Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
CHIA OSH Ordinary Shares Chi-X Australia AU AUD 02. Jan 1992
OTCPK OISH.Y ADR EACH REPR 10 ORD PGK0.10(BNY) Pink Sheets LLC US USD 19. Nov 1992
ASX OSHAI NPV DFD 04/05/20(EX-RIGTHS) Australian Securities Exchange AU AUD 08. Apr 2020
Number of employees
Current staff
Staff numbers
1,607
Oil Search 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 21:49
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/04/08
Last earnings filing: 2020/02/24
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.