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RAK Petroleum

DB:R8P
Snowflake Description

Outstanding track record and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
R8P
DB
NOK2B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

RAK Petroleum plc operates as an oil and gas investment company. The last earnings update was 205 days ago. More info.


Add to Portfolio Compare Print
  • RAK Petroleum has significant price volatility in the past 3 months.
R8P Share Price and Events
7 Day Returns
36.1%
DB:R8P
8.7%
DE Oil and Gas
4.3%
DE Market
1 Year Returns
-68.1%
DB:R8P
34.4%
DE Oil and Gas
-14.2%
DE Market
R8P Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
RAK Petroleum (R8P) 36.1% 1.3% -55.1% -68.1% - -
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
  • R8P underperformed the Oil and Gas industry which returned 34.4% over the past year.
  • R8P underperformed the Market in Germany which returned -14.2% over the past year.
Price Volatility
R8P
Industry
5yr Volatility vs Market

Value

 Is RAK Petroleum undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of RAK Petroleum 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 RAK Petroleum.

DB:R8P Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 11.8%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

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

Calculation of Discount Rate/ Cost of Equity for DB:R8P
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 0.97
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.972 (1 + (1- 19%) (727.08%))
4.817
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (2 * 6.07%)
11.75%

Discounted Cash Flow Calculation for DB:R8P using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for RAK Petroleum 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:R8P DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 11.75%)
2020 122.68 Est @ -8.03% 109.78
2021 115.64 Est @ -5.74% 92.60
2022 110.87 Est @ -4.13% 79.44
2023 107.53 Est @ -3.01% 68.95
2024 105.14 Est @ -2.22% 60.33
2025 103.38 Est @ -1.67% 53.08
2026 102.05 Est @ -1.29% 46.89
2027 101.01 Est @ -1.02% 41.53
2028 100.17 Est @ -0.83% 36.86
2029 99.47 Est @ -0.7% 32.75
Present value of next 10 years cash flows $622.00
DB:R8P DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $99.47 × (1 + -0.39%) ÷ (11.75% – -0.39%)
$816.15
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $816.15 ÷ (1 + 11.75%)10
$268.72
DB:R8P Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $622.00 + $268.72
$890.72
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $890.72 / 296.28
$3.01
DB:R8P Discount to Share Price
Calculation Result
Exchange Rate USD/NOK
(Reporting currency to currency of OB:RAKP)
10.26
Value per Share
(NOK)
= Value per Share in USD x Exchange Rate (USD/NOK)
= $3.01 x 10.26
NOK30.84
Non-primary Listing Adjustment Factor 1 share in DB:R8P represents 0.08887x of OB:RAKP
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.08887x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (NOK) x Listing Adjustment Factor
= NOK 30.84 x 0.08887
€2.74
Value per share (EUR) From above. €2.74
Current discount Discount to share price of €0.47
= -1 x (€0.47 - €2.74) / €2.74
82.8%

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

Current Discount
Amount off the current price RAK Petroleum is available for.
Intrinsic value
>50%
Share price is €0.47 vs Future cash flow value of €2.74
Current Discount Checks
For RAK Petroleum to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • RAK Petroleum's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • RAK Petroleum's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for RAK Petroleum's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are RAK Petroleum's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:R8P PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $0.59
OB:RAKP Share Price ** OB (2020-04-08) in NOK NOK5.3
OB:RAKP Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.097 $0.52
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 RAK Petroleum.

DB:R8P PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OB:RAKP Share Price ÷ EPS (both in USD)

= 0.52 ÷ 0.59

0.87x

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

  • RAK Petroleum is good value based on earnings compared to the Europe Oil and Gas industry average.
  • RAK Petroleum is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does RAK Petroleum's expected growth come at a high price?
Raw Data
DB:R8P PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 0.87x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
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 RAK Petroleum, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on RAK Petroleum's assets?
Raw Data
DB:R8P PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $2.94
OB:RAKP Share Price * OB (2020-04-08) in NOK NOK5.3
OB:RAKP Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.097 $0.52
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:R8P PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OB:RAKP Share Price ÷ Book Value per Share (both in USD)

= 0.52 ÷ 2.94

0.18x

* Primary Listing of RAK Petroleum.

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

  • RAK Petroleum is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess RAK Petroleum's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. RAK Petroleum has a total score of 5/6, see the detailed checks below.

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

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

Future Performance

 How is RAK Petroleum expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as RAK Petroleum has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
13.8%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is RAK Petroleum expected to grow at an attractive rate?
  • Unable to compare RAK Petroleum's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare RAK Petroleum's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare RAK Petroleum's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:R8P Future Growth Rates Data Sources
Data Point Source Value (per year)
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:R8P Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:R8P Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 1,010 391 185
2019-03-31 920 427 173
2018-12-31 829 464 161
2018-09-30 654 379 122
2018-06-30 478 295 83
2018-03-31 413 311 69
2017-12-31 347 328 55
2017-09-30 354 294 24
2017-06-30 360 261 -8
2017-03-31 281 156 -7
2016-12-31 202 51 -7
2016-09-30 -9 -26

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if RAK Petroleum is high growth as no earnings estimate data is available.
  • Unable to determine if RAK Petroleum 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:R8P Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

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

DB:R8P Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 0.59
2019-03-31 0.55
2018-12-31 0.52
2018-09-30 0.39
2018-06-30 0.27
2018-03-31 0.22
2017-12-31 0.18
2017-09-30 0.08
2017-06-30 -0.02
2017-03-31 -0.02
2016-12-31 -0.02
2016-09-30 -0.08

*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 RAK Petroleum will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether RAK Petroleum is trading at RAK Petroleum'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. RAK Petroleum's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Energy companies here
  3. RAK Petroleum's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess RAK Petroleum's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
RAK Petroleum has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

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

Past Performance

  How has RAK Petroleum performed over the past 5 years?

  • RAK Petroleum's last earnings update was 205 days ago.
The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare RAK Petroleum's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • RAK Petroleum has delivered over 20% year on year earnings growth in the past 5 years.
  • RAK Petroleum's 1-year earnings growth exceeds its 5-year average (122.6% vs 70%)
  • RAK Petroleum's earnings growth has exceeded the Europe Oil and Gas industry average in the past year (122.6% vs 1.9%).
Earnings and Revenue History
RAK Petroleum's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

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

DB:R8P Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 1,009.70 184.50 128.80
2019-03-31 919.50 172.75 118.00
2018-12-31 829.30 161.00 107.20
2018-09-30 653.80 121.95 112.55
2018-06-30 478.30 82.90 117.90
2018-03-31 412.85 68.85 98.00
2017-12-31 347.40 54.80 78.10
2017-09-30 353.80 23.55 80.07
2017-06-30 360.20 -7.70 82.03
2017-03-31 281.00 -7.50 72.27
2016-12-31 201.80 -7.30 62.50
2016-09-30 -25.52 8.82
2016-06-30 -44.12 9.21
2016-03-31 -59.79 10.65
2015-12-31 -75.46 12.10
2015-09-30 -124.20 12.74
2015-06-30 -172.94 13.38
2015-03-31 -141.92 11.62
2014-12-31 -110.91 9.86
2014-06-30 52.33 13.54
2014-03-31 53.58 14.65
2013-12-31 54.83 15.77

*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.
  • RAK Petroleum has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • RAK Petroleum used its assets more efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • RAK Petroleum has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess RAK Petroleum's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
RAK Petroleum has a total score of 6/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

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

Health

 How is RAK Petroleum's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up RAK Petroleum's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • RAK Petroleum is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • RAK Petroleum's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of RAK Petroleum's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1x 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 RAK Petroleum Company Filings, last reported 9 months ago.

DB:R8P Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 1,640.20 1,099.10 596.20
2019-03-31 1,640.20 1,099.10 596.20
2018-12-31 1,533.80 616.60 768.00
2018-09-30 1,533.80 616.60 768.00
2018-06-30 1,252.00 638.50 609.90
2018-03-31 1,252.00 638.50 609.90
2017-12-31 1,168.90 421.10 454.00
2017-09-30 1,168.90 421.10 454.00
2017-06-30 599.43 32.68 15.93
2017-03-31 599.43 32.68 15.93
2016-12-31 850.50 399.40 275.70
2016-09-30 596.63 37.75 14.61
2016-06-30 608.90 30.11 8.29
2016-03-31 608.90 30.11 8.29
2015-12-31 605.43 27.32 6.82
2015-09-30 605.43 27.32 6.82
2015-06-30 649.39 24.17 3.97
2015-03-31 649.39 24.17 3.97
2014-12-31 676.42 15.00 8.40
2014-06-30 867.90 0.00 5.03
2014-03-31 805.95 0.00 7.44
2013-12-31 805.95 0.00 7.44
  • RAK Petroleum's level of debt (67%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 67% today).
  • Debt is well covered by operating cash flow (35.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6.2x coverage).
X
Financial health checks
We assess RAK Petroleum's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. RAK Petroleum 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.

Dividends

 What is RAK Petroleum's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from RAK Petroleum dividends.
If you bought €2,000 of RAK Petroleum shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate RAK Petroleum's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate RAK Petroleum's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:R8P 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 0 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.

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

  • Unable to perform a dividend volatility check as RAK Petroleum has not reported any payouts.
  • Unable to verify if RAK Petroleum's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of RAK Petroleum's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as RAK Petroleum has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess RAK Petroleum'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 RAK Petroleum afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. RAK Petroleum has a total score of 0/6, see the detailed checks below.


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

Management

 What is the CEO of RAK Petroleum's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Bijan Mossavar-Rahmani
COMPENSATION $1,745,500
AGE 67
TENURE AS CEO 10.1 years
CEO Bio

Mr. Bijan Mossavar-Rahmani serves as the Chief Executive Officer of RAK Petroleum plc since and has been its Executive Chairman May 2010. Mr. Mossavar-Rahmani serves as the Chief Executive Officer of Mondoil Enterprises, LLC. He served as a Managing Director of RAK Petroleum plc since April 2008. He was Founder of Apache International, Inc. and served as its First Chief Executive. He served as Chairman of the Board of Mondoil Corporation, RAK Petroleum and Chairman of Foxtrot International LDC. He has been an Executive Chairman of DNO ASA since June 2011. He has been a Director of RAK Petroleum since April 2008 and Executive Director of DNO ASA since March 10, 2011. Mr. Mossavar-Rahmani also served as a Member of the Advisory Board of Eurasia Group, Ltd. In addition to his industry positions, he is active in public and international affairs. He serves as a Director of the Persepolis Foundation and serves as a member of the Harvard Kennedy School's Visiting Committee and of the New York Metropolitan Museum of Art Visiting Committee on Islamic Art. He has published more than ten books and dozens of articles on global energy markets and was decorated a Commandeur de l'Ordre National de la Cote d'Ivoire for services to the energy sector of that country. Mr. Mossavar-Rahmani is a graduate of Princeton (AB) and Harvard Universities (MPA).

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

Average tenure of the RAK Petroleum management team in years:

3
Average Tenure
  • The tenure for the RAK Petroleum management team is about average.
Management Team

Bijan Mossavar-Rahmani

TITLE
Executive Chairman & CEO
COMPENSATION
$2M
AGE
67
TENURE
10.1 yrs

Shelley Watson

TITLE
CFO & COO
COMPENSATION
$605K
TENURE
2.9 yrs

Kevin Toner

TITLE
MD & General Counsel
COMPENSATION
$650K
TENURE
6.7 yrs

Lisa McPhillips

TITLE
Chief of Staff & Deputy General Counsel
COMPENSATION
$240K
TENURE
1.4 yrs

Arya Bolurfrushan

TITLE
COMPENSATION
$180K
TENURE
3 yrs
Board of Directors Tenure

Average tenure of the RAK Petroleum board of directors in years:

10.1
Average Tenure
  • The average tenure for the RAK Petroleum board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Bijan Mossavar-Rahmani

TITLE
Executive Chairman & CEO
COMPENSATION
$2M
AGE
67
TENURE
10.1 yrs

Ahmed Bin Bin Hassan Jawa

TITLE
Non-Executive Director
COMPENSATION
$50K
AGE
63
TENURE
11.3 yrs

Amir Handjani

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

Bjørn Dale

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

Sultan Abdulla Majid Al Ghurair

TITLE
Non-Executive Director
COMPENSATION
$50K
TENURE
3.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess RAK Petroleum's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. RAK Petroleum has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

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

News

Simply Wall St News

Company Info

Description

RAK Petroleum plc operates as an oil and gas investment company. The company primarily holds 40.45 % interests in DNO ASA that holds stakes in onshore and offshore licenses at various stages of exploration, development, and production in the Kurdistan Region of Iraq, Norway, Oman, Yemen, and the United Kingdom. It also holds 33.33 % interests in Foxtrot International LDC, which operates offshore Block CI-27 comprising two producing gas fields in Foxtrot and Mahi; and Block CI-502 and Block CI-12 offshore exploration licenses. The company was founded in 2005 and is based in Weybridge, the United Kingdom.

Details
Name: RAK Petroleum plc
R8P
Exchange: DB
Founded: 2005
NOK140,745,162
296,281,635
Website: http://www.rakpetroleum.uk
Address: RAK Petroleum plc
Elder House,
St Georges Business Park,
Weybridge,
Surrey, KT13 0TS,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB RAKP Class A Shares Oslo Bors NO NOK 07. Nov 2014
DB R8P Class A Shares Deutsche Boerse AG DE EUR 07. Nov 2014
LSE 0R47 Class A Shares London Stock Exchange GB NOK 07. Nov 2014
BATS-CHIXE RAKPO Class A Shares BATS 'Chi-X Europe' GB NOK 07. Nov 2014
Number of employees
Current staff
Staff numbers
1,079
RAK Petroleum 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 23:43
End of day share price update: 2020/04/08 00:00
Last earnings filing: 2019/09/16
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.