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
In this section, we usually try to help investors determine whether Prominence Energy is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Prominence Energy has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.
This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis. You can see them here.
Show me the analysis anyway
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
It is not possible to calculate the future cash flow value for
Prominence Energy. This is due to cash flow or dividend data being
unavailable. The share price is
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
is considered below, and whether this is a fair price.
Price based on past earnings
Prominence Energy's earnings available for a low price, and how does
this compare to other companies in the same industry?
Prominence Energy has negative assets, we can't compare the value of its assets to the DE Oil and Gas industry average.
Take a look at our analysis of RSX’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
When valuing a company like this, investors focus more on how they perceive the potential returns from the core activities, the size of each contract's opportunity, and the capacity of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Prominence Energy's regulatory filings and announcements.
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 Prominence Energy 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
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
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
expected to grow at an
Unable to compare Prominence Energy's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
Unable to compare Prominence Energy's earnings growth to the Germany market average as no estimate data is available.
Unable to compare Prominence Energy's revenue growth to the Germany market average as no estimate data is available.
Unable to determine if Prominence Energy is high growth as no earnings estimate data is available.
Unable to determine if Prominence Energy 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.
Prominence Energy's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
Oil and Gas
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
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.
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.
A company's financial position is much like your own financial position,
it includes everything you own
The boxes below represent the relative size of what makes up
Prominence Energy's finances.
The net worth of a company is the difference between its assets and liabilities.
Prominence Energy's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
Prominence Energy's long term commitments exceed its cash and other short term assets.
This treemap shows a more detailed breakdown of
Prominence 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
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
High level of physical assets or inventory.
Prominence Energy has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Nearly all companies have debt. Debt in itself isn’t
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.
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.
TENURE AS CEO
Mr. Alexander Bevan Parks, also known as Alex, GAICD, MEng has been Chief Executive Officer and Managing Director of Sun Resources NL since November 02, 2017. Mr. Parks had been Commercial Manager of Whitebark Energy Ltd since February 04, 2016 until October 2018. Mr. Parks was the Chief Executive Officer of Tamaska Oil and Gas Limited since February 21, 2013 until December 12, 2018 and its Managing Director since February 2014 until December 12, 2018. He is an Executive with over 18 years experience in the oil industry. Mr. Parks has managed companies and company projects in Australia, SE Asia, New Zealand, Europe, FSU and North Africa. He served as Chief Executive Officer of Mosaic Oil NL. He served as the Chief Commercial Officer of Cue Energy Resources Limited from March 21, 2011 to August 30, 2012. He joined Cue Energy in March 2011 and is responsible for business development matters. He served as Chief Executive Officer of AGL Upstream Gas (MOS) Pty Ltd., since August 18, 2009. Mr. Parks served as the Chief Executive Officer of Otto Energy Limited from November 9, 2006 to July 1, 2009. He held senior management positions for the last five years in Perth, including Managing Director of Troy-Ikoda Australasia and Technical Director of Geoscience and Engineering of RPS Energy (Australia/SE Asia) and had a 10-year career with it. He involved a wide variety of specific roles from strategic planning for small to mid-cap exploration and production companies, management of asset rationalisation via acquisitions and disposals, oil and gas field development planning and execution and leading multidisciplinary technical teams and drilling rig operations. He has been an Executive Director at Sun Resources NL since December 01, 2017. He served as a Non-Executive Director of Sun Resources NL from July 01, 2017 to November 30, 2017 and appointed to the board as Director in February 18, 2016. He served as Non-Executive Director of Tamaska Oil and Gas Limited since February 17, 2014 until November 04, 2019. He serves as a Director of TMK Montney Ltd. He is a founder or chair of various state Chapters and Boards of the Society of Petroleum Engineers (SPE), is a Member of both the Petroleum Exploration Society of Australia (PESA) and Australian Institute of Company Directors (AICD), and was awarded Young Petroleum Engineer of the Year (SE Asia) by the SPE in 2005. Mr. Parks has a Master of Engineering, Petroleum Engineering degree from the Imperial College London.
Alex's compensation has been consistent with company performance over the past year, both up more than 20%.
Alex's remuneration is lower than average for companies of similar size in Germany.
CEO, MD & Director
Company Secretary & CFO
Board of Directors Tenure
Average tenure of the
board of directors in years:
The tenure for the Prominence Energy board of directors is about average.
Board of Directors
Non Executive Chairman
CEO, MD & Director
Non Executive Director
Who owns this company?
Recent Insider Trading
No 3 month open market individual insider trading information.
Prominence Energy NL engages in the exploration, development, and production of oil and gas projects in Australia and the United States. It holds a 50% interest in Bowsprit oil project comprising 577 net acres located to the southeast of New Orleans. The company was formerly known as Sun Resources NL and changed its name to Prominence Energy NL in December 2019. Prominence Energy NL is headquartered in West Perth, Australia.
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.