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Tethys Oil

DB:TZB4
Snowflake Description

Very undervalued with adequate balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TZB4
DB
SEK2B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Tethys Oil AB (publ) focuses on the exploration and production of oil and natural gas properties. The last earnings update was 48 days ago. More info.


Add to Portfolio Compare Print
  • Tethys Oil has significant price volatility in the past 3 months.
TZB4 Share Price and Events
7 Day Returns
8.5%
DB:TZB4
18.1%
DE Oil and Gas
7.3%
DE Market
1 Year Returns
-45.2%
DB:TZB4
21.9%
DE Oil and Gas
-17.7%
DE Market
TZB4 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Tethys Oil (TZB4) 8.5% -31.5% -49.6% -45.2% -42.9% -36.3%
DE Oil and Gas 18.1% -15.9% -28.7% 21.9% -25.6% 137.4%
DE Market 7.3% -17.9% -25.8% -17.7% -25.6% -29%
1 Year Return vs Industry and Market
  • TZB4 underperformed the Oil and Gas industry which returned 21.9% over the past year.
  • TZB4 underperformed the Market in Germany which returned -17.7% over the past year.
Price Volatility
TZB4
Industry
5yr Volatility vs Market

TZB4 Value

 Is Tethys 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 Tethys 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 Tethys Oil.

DB:TZB4 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 4.4%
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:TZB4
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 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.808 (1 + (1- 22%) (0.33%))
0.873
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.87
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.873 * 5.44%)
4.36%

Discounted Cash Flow Calculation for DB:TZB4 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Tethys 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:TZB4 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 4.36%)
2020 -23.00 Analyst x1 -22.04
2021 12.00 Analyst x2 11.02
2022 39.00 Analyst x1 34.32
2023 42.33 Est @ 8.53% 35.69
2024 44.81 Est @ 5.85% 36.20
2025 46.59 Est @ 3.98% 36.07
2026 47.83 Est @ 2.67% 35.49
2027 48.67 Est @ 1.75% 34.60
2028 49.21 Est @ 1.11% 33.52
2029 49.54 Est @ 0.66% 32.33
Present value of next 10 years cash flows $267.00
DB:TZB4 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $49.54 × (1 + -0.39%) ÷ (4.36% – -0.39%)
$1,039.27
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,039.27 ÷ (1 + 4.36%)10
$678.39
DB:TZB4 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $267.00 + $678.39
$945.39
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $945.39 / 34.34
$27.53
DB:TZB4 Discount to Share Price
Calculation Result
Exchange Rate USD/SEK
(Reporting currency to currency of OM:TETY)
10.023
Value per Share
(SEK)
= Value per Share in USD x Exchange Rate (USD/SEK)
= $27.53 x 10.023
SEK275.92
Non-primary Listing Adjustment Factor 1 share in DB:TZB4 represents 0.0885x of OM:TETY
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.0885x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (SEK) x Listing Adjustment Factor
= SEK 275.92 x 0.0885
€24.42
Value per share (EUR) From above. €24.42
Current discount Discount to share price of €3.97
= -1 x (€3.97 - €24.42) / €24.42
83.7%

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

Current Discount
Amount off the current price Tethys Oil is available for.
Intrinsic value
>50%
Share price is €3.97 vs Future cash flow value of €24.42
Current Discount Checks
For Tethys Oil to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Tethys Oil's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Tethys Oil'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 Tethys Oil's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Tethys Oil's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:TZB4 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $1.12
OM:TETY Share Price ** OM (2020-03-30) in SEK SEK44.88
OM:TETY Share Price converted to USD reporting currency Exchange rate (SEK/ USD) 0.1 $4.48
Europe Oil and Gas Industry PE Ratio Median Figure of 105 Publicly-Listed Oil and Gas Companies 5.67x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 16.36x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Tethys Oil.

DB:TZB4 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OM:TETY Share Price ÷ EPS (both in USD)

= 4.48 ÷ 1.12

4x

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

  • Tethys Oil is good value based on earnings compared to the Europe Oil and Gas industry average.
  • Tethys Oil is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Tethys Oil's expected growth come at a high price?
Raw Data
DB:TZB4 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
9.9%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 65 Publicly-Listed Oil and Gas Companies 0.17x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

DB:TZB4 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 4x ÷ 9.9%

0.41x

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

  • Tethys Oil is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Tethys Oil's assets?
Raw Data
DB:TZB4 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $8.05
OM:TETY Share Price * OM (2020-03-30) in SEK SEK44.88
OM:TETY Share Price converted to USD reporting currency Exchange rate (SEK/ USD) 0.1 $4.48
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 0.94x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.43x
DB:TZB4 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OM:TETY Share Price ÷ Book Value per Share (both in USD)

= 4.48 ÷ 8.05

0.56x

* Primary Listing of Tethys Oil.

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

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

TZB4 Future Performance

 How is Tethys Oil expected to perform in the next 1 to 3 years based on estimates from 3 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
9.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Tethys Oil expected to grow at an attractive rate?
  • Tethys Oil's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Tethys Oil's earnings growth is positive but not above the Germany market average.
  • Tethys 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:TZB4 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:TZB4 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 9.9%
DB:TZB4 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts -1.3%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
DB:TZB4 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:TZB4 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 133 79 32 2
2021-12-31 123 68 22 3
2020-12-31 86 32 -26 2
2020-03-30
DB:TZB4 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 151 96 38
2019-09-30 159 98 59
2019-06-30 161 107 62
2019-03-31 156 103 60
2018-12-31 157 105 62
2018-09-30 143 81 53
2018-06-30 129 63 40
2018-03-31 124 60 35
2017-12-31 119 50 33
2017-09-30 110 62 24
2017-06-30 108 57 25
2017-03-31 97 56 12

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Tethys Oil's earnings are expected to grow by 9.9% yearly, however this is not considered high growth (20% yearly).
  • Tethys 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:TZB4 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

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

DB:TZB4 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 0.91 1.26 0.55 2.00
2021-12-31 0.60 1.52 -0.05 3.00
2020-12-31 -0.73 -0.49 -0.97 2.00
2020-03-30
DB:TZB4 Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 1.12
2019-09-30 1.72
2019-06-30 1.81
2019-03-31 1.75
2018-12-31 1.83
2018-09-30 1.57
2018-06-30 1.17
2018-03-31 1.04
2017-12-31 0.97
2017-09-30 0.69
2017-06-30 0.74
2017-03-31 0.34

*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.
  • Tethys Oil is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Tethys 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.
Tethys Oil 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.

TZB4 Past Performance

  How has Tethys 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 Tethys 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.
  • Tethys Oil has delivered over 20% year on year earnings growth in the past 5 years.
  • Tethys Oil's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Tethys Oil's 1-year earnings growth is negative, it can't be compared to the Europe Oil and Gas industry average.
Earnings and Revenue History
Tethys 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 Tethys Oil Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:TZB4 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 150.80 38.30 7.00
2019-09-30 159.10 58.60 6.90
2019-06-30 160.70 61.90 6.00
2019-03-31 155.80 59.60 6.00
2018-12-31 157.30 62.20 5.70
2018-09-30 143.00 53.30 5.50
2018-06-30 129.20 39.80 5.50
2018-03-31 124.20 35.40 5.60
2017-12-31 119.30 33.10 5.90
2017-09-30 110.00 23.70 5.80
2017-06-30 107.50 25.20 6.10
2017-03-31 96.70 11.70 5.90
2016-12-31 87.10 2.70 5.80
2016-09-30 92.30 4.50 5.70
2016-06-30 96.30 6.20 5.40
2016-03-31 101.70 13.10 5.50
2015-12-31 107.00 23.40 5.20
2015-09-30 115.68 20.95 4.95
2015-06-30 121.69 33.07 4.93
2015-03-31 121.45 40.69 3.90
2014-12-31 131.26 43.45 3.96
2014-09-30 128.74 52.11 4.30
2014-06-30 115.82 39.01 4.33
2014-03-31 98.82 29.84 4.93
2013-12-31 92.08 37.33 4.82
2013-09-30 88.54 53.02 5.00
2013-06-30 80.53 49.66 -11.83
2013-03-31 89.67 47.62 4.25

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

TZB4 Health

 How is Tethys 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 Tethys Oil's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Tethys Oil is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Tethys Oil's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Tethys 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 -879x 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 Tethys Oil Company Filings, last reported 2 months ago.

DB:TZB4 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 276.30 0.00 75.60
2019-09-30 273.20 0.00 72.40
2019-06-30 258.30 0.00 62.50
2019-03-31 273.30 0.00 83.30
2018-12-31 267.60 0.00 73.10
2018-09-30 252.10 0.00 63.70
2018-06-30 230.80 0.00 35.80
2018-03-31 238.40 0.00 52.40
2017-12-31 228.50 0.00 42.00
2017-09-30 221.10 0.00 47.50
2017-06-30 213.10 0.00 32.30
2017-03-31 206.00 0.00 40.10
2016-12-31 196.90 0.00 39.00
2016-09-30 211.00 0.00 48.00
2016-06-30 207.00 0.00 41.00
2016-03-31 215.00 0.00 45.00
2015-12-31 217.20 0.00 51.20
2015-09-30 219.07 8.34 67.94
2015-06-30 210.13 0.00 38.90
2015-03-31 218.87 0.00 46.37
2014-12-31 214.08 0.00 47.54
2014-09-30 214.38 0.00 26.88
2014-06-30 191.89 0.00 4.93
2014-03-31 173.76 60.77 55.98
2013-12-31 171.10 61.13 45.89
2013-09-30 162.98 61.02 38.23
2013-06-30 146.92 58.03 35.18
2013-03-31 145.31 59.72 41.39
  • Tethys Oil's level of debt (-0%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Tethys Oil's debt level has increased without past 5-year debt data.
  • Operating cash flow is negative therefore debt is not well covered.
  • Tethys Oil has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Tethys 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. Tethys Oil has a total score of 4/6, 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.

TZB4 Dividends

 What is Tethys 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
17.25%
Current annual income from Tethys Oil dividends. Estimated to be 8.19% next year.
If you bought €2,000 of Tethys Oil shares you are expected to receive €345 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?
  • Tethys Oil's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.7%).
  • Tethys Oil's dividend is above the markets top 25% of dividend payers in Germany (4.97%).
Upcoming dividend payment

Purchase Tethys Oil before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:TZB4 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 3 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 9.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 1%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:TZB4 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.40 2.00
2021-12-31 0.20 2.00
2020-12-31 0.50 2.00
2020-03-30
DB:TZB4 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-11 0.772 14.716
2019-04-11 0.804 10.443
2018-04-04 0.212 2.372
2016-05-18 0.106 1.585
2016-04-27 0.121 1.805
2016-02-09 0.116 1.798
2015-05-15 0.114 1.872

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

  • Whilst dividend payments have been stable, Tethys Oil has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Tethys Oil only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of Tethys Oil's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.3x coverage).
X
Income/ dividend checks
We assess Tethys Oil's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Tethys Oil afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Tethys Oil has a total score of 4/6, see the detailed checks below.


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

TZB4 Management

 What is the CEO of Tethys 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.
CEO
Magnus Nordin
COMPENSATION $0
AGE 63
TENURE AS CEO 19.2 years
CEO Bio

Mr. Magnus Nordin founded Tethys Oil AB (publ) in 2001 and has been its Chief Executive Officer and Managing Director since 2001 and 2004 respectively. Mr. Nordin served as a Vice President of Software Development at Appear Networks Systems AB. He served as the Chief Executive Officer of Sands Petroleum from 1993 to 2000. He joined the Lundin Group in 1993 and served as the Managing Director of Sands Petroleum AB from 1993 to 1998, when it merged with IPC to form Lundin Oil AB. He is a Businessman. He served as the Deputy Chief Executive Officer/Deputy Managing Director of Lundin Oil AB from 1998 to 2000. He served as Chief Executive Officer of Sodra Petroleum from 1998 to ­2000. He served as a Head of Investor Relations for West Siberian Resources Ltd. (Alternative Name is Vostok Oil Ltd.,) from 2001 to 2004 and served as Acting Managing Director since January 21, 2003. He served as Information Director of West Siberian Resources Ltd. He served as Director of Lundin Mining Corporation. Mr. Nordin has been a Director of Tethys Oil AB (publ) since 2001. He served as a Director of Cassandra Oil AB (publ) since 2012. He served as a Director of Lundin Oil AB until 2001. He served as Deputy Director of West Siberian Resources Ltd. since 2002. He served as Board member of Minotaurus AB. He served as a Director of several Lundin Group companies including Vostok Nafta Investment Limited from 1997 to 2001. He also holds a Bachelor of Arts Degree from Lund University. He also holds a Master of Arts Degree from the University of California, Los Angeles.

CEO Compensation
  • Magnus's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Magnus's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

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

1.8
Average Tenure
46
Average Age
  • The average tenure for the Tethys Oil management team is less than 2 years, this suggests a new team.
Management Team

Magnus Nordin

TITLE
Founder
AGE
63
TENURE
19.2 yrs

Petter Hjertstedt

TITLE
Acting Chief Financial Officer
TENURE
0.2 yrs

Fredrik Robelius

TITLE
Chief Technical Officer
AGE
46
TENURE
3.5 yrs

Will Holland

TITLE
Executive Officer
AGE
46
TENURE
0.2 yrs
Board of Directors Tenure

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

2.8
Average Tenure
63
Average Age
  • The average tenure for the Tethys Oil board of directors is less than 3 years, this suggests a new board.
Board of Directors

Geoff Turbott

TITLE
Chairman
COMPENSATION
$695K
AGE
56
TENURE
1.8 yrs

Magnus Nordin

TITLE
Founder
AGE
63
TENURE
19.2 yrs

Per Seime

TITLE
Independent Director
COMPENSATION
$400K
AGE
73
TENURE
2.8 yrs

Rob Anderson

TITLE
Independent Director
COMPENSATION
$365K
AGE
66
TENURE
2.8 yrs

Alex Herger

TITLE
Independent Director
COMPENSATION
$370K
AGE
62
TENURE
2.8 yrs

Gavin Graham

TITLE
Director
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Tethys Oil individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
14. Feb 20 Buy Fredrik Robelius Individual 12. Feb 20 13. Feb 20 1,610 €6.70 €10,778
25. Aug 19 Buy Fredrik Robelius Individual 23. Aug 19 23. Aug 19 100 €7.39 €739
18. Jun 19 Buy Geoffrey Turbott Individual 17. Jun 19 17. Jun 19 3,700 €6.10 €22,550
X
Management checks
We assess Tethys 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. Tethys 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.

TZB4 News

Simply Wall St News

TZB4 Company Info

Description

Tethys Oil AB (publ) focuses on the exploration and production of oil and natural gas properties. It has exploration licenses, including Blocks 3&4 covering approximately 29,130 square kilometers and Block 49 covering approximately 15,439 square kilometers located in Oman. The company was founded in 2001 and is headquartered in Stockholm, Sweden.

Details
Name: Tethys Oil AB (publ)
TZB4
Exchange: DB
Founded: 2001
SEK139,378,917
34,340,797
Website: http://www.tethysoil.com
Address: Tethys Oil AB (publ)
Hovslagargatan 5B,
Stockholm,
Stockholm County, 111 48,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM TETY Common Stock OMX Nordic Exchange Stockholm SE SEK 06. Apr 2004
DB TZB4 Common Stock Deutsche Boerse AG DE EUR 06. Apr 2004
LSE 0A1V Common Stock London Stock Exchange GB SEK 06. Apr 2004
OTCPK THYO.F SHARE AK A Pink Sheets LLC US USD 30. Mar 2020
Number of employees
Current staff
Staff numbers
23
Tethys Oil employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/30 23:30
End of day share price update: 2020/03/30 00:00
Last estimates confirmation: 2020/03/26
Last earnings filing: 2020/02/11
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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

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