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Tullow Oil

DB:TQW
Snowflake Description

Mediocre balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TQW
DB
£342M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Tullow Oil plc engages in the oil and gas exploration, development, and production activities primarily in Africa and South America. The last earnings update was 12 days ago. More info.


Add to Portfolio Compare Print
  • Tullow Oil has significant price volatility in the past 3 months.
TQW Share Price and Events
7 Day Returns
84.1%
DB:TQW
8.7%
DE Oil and Gas
4.3%
DE Market
1 Year Returns
-90.1%
DB:TQW
34.4%
DE Oil and Gas
-14.2%
DE Market
TQW Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Tullow Oil (TQW) 84.1% 26.7% -57.5% -90.1% -89.3% -94.8%
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
  • TQW underperformed the Oil and Gas industry which returned 34.4% over the past year.
  • TQW underperformed the Market in Germany which returned -14.2% over the past year.
Price Volatility
TQW
Industry
5yr Volatility vs Market

TQW Value

 Is Tullow Oil 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 Tullow Oil 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 Tullow Oil.

DB:TQW Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 16 Analyst Estimates (S&P Global) 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:TQW
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%) (1060.12%))
6.574
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:TQW using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Tullow Oil 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:TQW DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 11.75%)
2020 188.40 Analyst x8 168.59
2021 59.87 Analyst x7 47.94
2022 0.23 Analyst x4 0.16
2023 38.00 Analyst x3 24.37
2024 44.00 Analyst x3 25.25
2025 43.10 Est @ -2.04% 22.13
2026 42.43 Est @ -1.55% 19.50
2027 41.92 Est @ -1.2% 17.24
2028 41.52 Est @ -0.96% 15.28
2029 41.20 Est @ -0.79% 13.56
Present value of next 10 years cash flows $354.00
DB:TQW DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $41.20 × (1 + -0.39%) ÷ (11.75% – -0.39%)
$338.01
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $338.01 ÷ (1 + 11.75%)10
$111.29
DB:TQW Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $354.00 + $111.29
$465.29
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $465.29 / 1,408.61
$0.33
DB:TQW Discount to Share Price
Calculation Result
Exchange Rate USD/GBP
(Reporting currency to currency of LSE:TLW)
0.805
Value per Share
(GBP)
= Value per Share in USD x Exchange Rate (USD/GBP)
= $0.33 x 0.805
£0.27
Non-primary Listing Adjustment Factor 1 share in DB:TQW represents 1.17525x of LSE:TLW
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.17525x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 0.27 x 1.17525
€0.31
Value per share (EUR) From above. €0.31
Current discount Discount to share price of €0.29
= -1 x (€0.29 - €0.31) / €0.31
8.8%

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

Current Discount
Amount off the current price Tullow Oil is available for.
Intrinsic value
9%
Share price is €0.285 vs Future cash flow value of €0.31262
Current Discount Checks
For Tullow Oil to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Tullow Oil's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Tullow Oil'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 Tullow Oil's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Tullow Oil's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:TQW PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $-1.21
LSE:TLW Share Price ** LSE (2020-04-08) in GBP £0.24
LSE:TLW Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.242 $0.3
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 Tullow Oil.

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

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

= 0.3 ÷ -1.21

-0.25x

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

  • Tullow Oil is loss making, we can't compare its value to the Europe Oil and Gas industry average.
  • Tullow Oil is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Tullow Oil's expected growth come at a high price?
Raw Data
DB:TQW PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.25x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts
50.1%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 66 Publicly-Listed Oil and Gas Companies 0.32x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.24x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Tullow Oil, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Tullow Oil's assets?
Raw Data
DB:TQW PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $0.70
LSE:TLW Share Price * LSE (2020-04-08) in GBP £0.24
LSE:TLW Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.242 $0.3
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:TQW PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.3 ÷ 0.70

0.43x

* Primary Listing of Tullow Oil.

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

  • Tullow Oil is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Tullow Oil'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. Tullow Oil has a total score of 1/6, see the detailed checks below.

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

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

TQW Future Performance

 How is Tullow Oil expected to perform in the next 1 to 3 years based on estimates from 16 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
50.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Tullow Oil expected to grow at an attractive rate?
  • Unable to compare Tullow Oil'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 Tullow Oil's earnings growth to the Germany market average as it is expected to be loss making during the next 1-3 years.
  • Tullow Oil'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:TQW Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:TQW Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts 50.1%
DB:TQW Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 16 Analysts -4.7%
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:TQW Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:TQW Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 1,452 763 -7 3
2023-12-31 1,348 781 -5 3
2022-12-31 1,335 770 -93 8
2021-12-31 1,326 696 -56 16
2020-12-31 1,356 676 -12 14
2020-04-08
DB:TQW Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 1,683 1,259 -1,694
2019-09-30 1,755 1,150 -780
2019-06-30 1,826 1,042 134
2019-03-31 1,843 1,123 109
2018-12-31 1,859 1,204 85
2018-09-30 1,850 1,342 155
2018-06-30 1,840 1,480 225
2018-03-31 1,781 1,352 25
2017-12-31 1,723 1,223 -176
2017-09-30 1,620 1,019 -577
2017-06-30 1,517 816 -977
2017-03-31 1,393 664 -789

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Tullow Oil is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • Tullow Oil'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:TQW 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 16 Analyst Estimates (S&P Global) See Below

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

DB:TQW Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31 0.01 0.10 -0.09 2.00
2023-12-31 0.02 0.10 -0.07 2.00
2022-12-31 -0.04 0.10 -0.13 6.00
2021-12-31 -0.04 0.09 -0.31 15.00
2020-12-31 -0.01 0.13 -0.22 16.00
2020-04-08
DB:TQW Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 -1.21
2019-09-30 -0.56
2019-06-30 0.10
2019-03-31 0.08
2018-12-31 0.06
2018-09-30 0.11
2018-06-30 0.16
2018-03-31 0.02
2017-12-31 -0.14
2017-09-30 -0.43
2017-06-30 -0.91
2017-03-31 -0.64

*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 Tullow Oil 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 Tullow Oil'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.
Tullow Oil 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.

TQW Past Performance

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

DB:TQW 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 1,682.60 -1,694.10 111.50
2019-09-30 1,754.50 -780.00 98.90
2019-06-30 1,826.40 134.10 86.30
2019-03-31 1,842.80 109.45 88.95
2018-12-31 1,859.20 84.80 91.60
2018-09-30 1,849.65 155.05 97.25
2018-06-30 1,840.10 225.30 102.90
2018-03-31 1,781.30 24.50 98.30
2017-12-31 1,722.50 -176.30 93.70
2017-09-30 1,619.65 -576.80 96.70
2017-06-30 1,516.80 -977.30 99.70
2017-03-31 1,393.35 -788.60 108.30
2016-12-31 1,269.90 -599.90 116.90
2016-09-30 1,298.75 -768.55 136.50
2016-06-30 1,327.60 -937.20 156.10
2016-03-31 1,467.10 -986.00 171.90
2015-12-31 1,606.60 -1,034.80 187.70
2015-09-30 1,687.25 -1,291.55 180.05
2015-06-30 1,767.90 -1,548.30 172.40
2015-03-31 1,990.40 -1,552.00 182.40
2014-12-31 2,212.90 -1,555.70 192.40
2014-09-30 2,388.70 -877.10 221.15
2014-06-30 2,564.50 -198.50 249.90
2014-03-31 2,605.70 -14.75 234.20
2013-12-31 2,646.90 169.00 218.50
2013-09-30 2,585.40 269.65 201.45
2013-06-30 2,523.90 370.30 184.40

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

TQW Health

 How is Tullow Oil'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 Tullow Oil's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Tullow Oil is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Tullow Oil's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Tullow Oil'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 0.5x 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 Tullow Oil Company Filings, last reported 3 months ago.

DB:TQW Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 983.60 3,071.70 288.80
2019-09-30 983.60 3,071.70 288.80
2019-06-30 2,811.50 3,285.40 362.30
2019-03-31 2,811.50 3,285.40 362.30
2018-12-31 2,893.20 3,219.10 179.80
2018-09-30 2,893.20 3,219.10 179.80
2018-06-30 2,584.30 3,475.30 393.40
2018-03-31 2,584.30 3,475.30 393.40
2017-12-31 2,716.40 3,606.40 284.00
2017-09-30 2,716.40 3,606.40 284.00
2017-06-30 2,704.00 4,065.50 318.40
2017-03-31 2,704.00 4,065.50 318.40
2016-12-31 2,242.50 4,980.90 281.90
2016-09-30 2,242.50 4,980.90 281.90
2016-06-30 2,925.20 4,989.60 303.70
2016-03-31 2,925.20 4,989.60 303.70
2015-12-31 3,174.70 4,338.30 355.70
2015-09-30 3,174.70 4,338.30 355.70
2015-06-30 3,781.50 4,035.10 488.10
2015-03-31 3,781.50 4,035.10 488.10
2014-12-31 4,020.30 3,343.90 319.00
2014-09-30 4,020.30 3,343.90 319.00
2014-06-30 5,248.70 3,116.10 410.90
2014-03-31 5,248.70 3,116.10 410.90
2013-12-31 5,446.40 2,158.90 352.90
2013-09-30 5,446.40 2,158.90 352.90
2013-06-30 5,520.30 2,046.10 560.20
  • Tullow Oil's level of debt (312.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (83.4% vs 312.3% today).
CASH RUNWAY ANALYSIS

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

  • Whilst loss making Tullow Oil has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Tullow Oil has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -48.3% per year.
X
Financial health checks
We assess Tullow Oil'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. Tullow Oil 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.

TQW Dividends

 What is Tullow Oil'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 Tullow Oil dividends. Estimated to be 0.53% next year.
If you bought €2,000 of Tullow Oil 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 Tullow Oil's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Tullow Oil'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:TQW 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 16 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:TQW Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-12-31 0.00 2.00
2023-12-31 0.00 2.00
2022-12-31 0.00 7.00
2021-12-31 0.00 16.00
2020-12-31 0.00 16.00
2020-04-08
DB:TQW Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-03-27 0.000 0.000
2020-03-12 0.000 0.000
2019-07-24 0.047 4.646
2019-03-07 0.048 1.712
2016-03-15 0.000 0.000
2016-02-10 0.000 0.000
2015-07-29 0.000 0.000
2015-02-11 0.000 0.000
2014-07-30 0.180 2.413
2014-02-12 0.198 1.468
2013-07-31 0.182 1.285
2013-02-13 0.178 1.092
2012-03-14 0.184 0.877
2011-03-09 0.092 0.453
2010-03-10 0.086 0.486

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

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

TQW Management

 What is the CEO of Tullow Oil'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.
  • Tullow Oil has no CEO, or we have no data on them.
Management Team Tenure

Average tenure and age of the Tullow Oil management team in years:

3.3
Average Tenure
57.5
Average Age
  • The tenure for the Tullow Oil management team is about average.
Management Team

Dorothy Thompson

TITLE
Executive Chairman
COMPENSATION
$140K
AGE
58
TENURE
0.3 yrs

Les Wood

TITLE
CFO & Executive Director
COMPENSATION
$2M
AGE
57
TENURE
2.8 yrs

Mark MacFarlane

TITLE
Chief Operating Officer
TENURE
0.3 yrs

Brian Williams

TITLE
Vice President of Corporate Finance
TENURE
20.3 yrs

Nicola Rogers

TITLE
Head of Investor Relations

Gary Thompson

TITLE
Executive Vice President of West Africa
TENURE
3.3 yrs

Claire Hawkings

TITLE
Executive VP of Organisation Strategy & Company Performance
AGE
49

Ian Cloke

TITLE
Executive Vice President of Change
TENURE
3.3 yrs

Sandy Stash

TITLE
Executive Vice President of Safety & Sustainability
AGE
59
TENURE
3.3 yrs

Julia Ross

TITLE
Chief of Staff
Board of Directors Tenure

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

2.3
Average Tenure
57.5
Average Age
  • The average tenure for the Tullow Oil board of directors is less than 3 years, this suggests a new board.
Board of Directors

Les Wood

TITLE
CFO & Executive Director
COMPENSATION
$2M
AGE
57
TENURE
2.8 yrs

Steve Lucas

TITLE
Non Executive Director
COMPENSATION
$81K
AGE
64
TENURE
8.1 yrs

Dorothy Thompson

TITLE
Executive Chairman
COMPENSATION
$140K
AGE
58
TENURE
1.8 yrs

Jeremy Wilson

TITLE
Senior Independent Director
COMPENSATION
$93K
AGE
54
TENURE
3 yrs

Mike Daly

TITLE
Non-Executive Director
COMPENSATION
$70K
AGE
65
TENURE
5.8 yrs

Sheila Khama

TITLE
Non-Executive Director
AGE
61
TENURE
1 yrs

Genevieve Sangudi

TITLE
Non-Executive Director
AGE
42
TENURE
1 yrs

Martin Greenslade

TITLE
Non-Executive Director
AGE
54
TENURE
0.4 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 (€)
22. Nov 19 Buy Jeremy Wilson Individual 21. Nov 19 21. Nov 19 20,000 €1.64 €32,891
X
Management checks
We assess Tullow Oil'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. Tullow Oil 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.

TQW News

Simply Wall St News

TQW Company Info

Description

Tullow Oil plc engages in the oil and gas exploration, development, and production activities primarily in Africa and South America. Its portfolio comprises 80 licenses covering 195,751 square kilometers in 15 countries. The company was founded in 1985 and is headquartered in London, the United Kingdom.

Details
Name: Tullow Oil plc
TQW
Exchange: DB
Founded: 1985
£390,075,866
1,408,609,725
Website: http://www.tullowoil.com
Address: Tullow Oil plc
9 Chiswick Park,
566 Chiswick High Road,
London,
Greater London, W4 5XT,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE TLW Ordinary Shares London Stock Exchange GB GBP 02. Jan 1992
OTCPK TUWL.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
DB TQW Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
ISE TQW Ordinary Shares Irish Stock Exchange IE EUR 02. Jan 1992
BATS-CHIXE TLWL Ordinary Shares BATS 'Chi-X Europe' GB GBP 02. Jan 1992
OTCPK TUWO.Y ADR Pink Sheets LLC US USD 07. Dec 2009
GHSE TLW GBP0.1 Ghana Stock Exchange GH GHS 06. Jun 2019
Number of employees
Current staff
Staff numbers
879
Tullow Oil 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 21:47
End of day share price update: 2020/04/08 00:00
Last estimates confirmation: 2020/04/08
Last earnings filing: 2020/03/27
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.