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VAALCO Energy

DB:VAW
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
VAW
DB
$52M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

VAALCO Energy, Inc., an independent energy company, acquires, explores for, develops, and produces crude oil and natural gas. The last earnings update was 21 days ago. More info.


Add to Portfolio Compare Print
  • VAALCO Energy has significant price volatility in the past 3 months.
VAW Share Price and Events
7 Day Returns
20.9%
DB:VAW
16.2%
DE Oil and Gas
9.9%
DE Market
1 Year Returns
-60.3%
DB:VAW
23.3%
DE Oil and Gas
-17.5%
DE Market
VAW Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
VAALCO Energy (VAW) 20.9% -53.4% -57.4% -60.3% -3.8% -63.8%
DE Oil and Gas 16.2% -14.4% -27.4% 23.3% -22.4% 141.6%
DE Market 9.9% -16.6% -24.8% -17.5% -24.5% -28.1%
1 Year Return vs Industry and Market
  • VAW underperformed the Oil and Gas industry which returned 23.3% over the past year.
  • VAW underperformed the Market in Germany which returned -17.5% over the past year.
Price Volatility
VAW
Industry
5yr Volatility vs Market
Related Companies

Value

 Is VAALCO Energy 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 VAALCO Energy 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 VAALCO Energy.

DB:VAW Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.9%
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:VAW
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))
= 0.814 (1 + (1- 21%) (64.28%))
1.152
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.15
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.152 * 5.44%)
5.88%

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

The calculations below outline how an intrinsic value for VAALCO Energy 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:VAW DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 5.88%)
2020 13.60 Est @ -25.03% 12.84
2021 11.20 Est @ -17.64% 9.99
2022 9.80 Est @ -12.46% 8.26
2023 8.94 Est @ -8.84% 7.11
2024 8.37 Est @ -6.31% 6.29
2025 7.99 Est @ -4.53% 5.67
2026 7.73 Est @ -3.29% 5.18
2027 7.54 Est @ -2.42% 4.78
2028 7.41 Est @ -1.81% 4.43
2029 7.30 Est @ -1.38% 4.13
Present value of next 10 years cash flows $68.00
DB:VAW DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $7.30 × (1 + -0.39%) ÷ (5.88% – -0.39%)
$116.10
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $116.10 ÷ (1 + 5.88%)10
$65.59
DB:VAW Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $68.00 + $65.59
$133.59
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $133.59 / 57.54
$2.32
DB:VAW Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:VAW represents 0.898x of NYSE:EGY
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.898x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 2.32 x 0.898
€2.08
Value per share (EUR) From above. €2.08
Current discount Discount to share price of €0.81
= -1 x (€0.81 - €2.08) / €2.08
61.2%

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

Current Discount
Amount off the current price VAALCO Energy is available for.
Intrinsic value
>50%
Share price is €0.81 vs Future cash flow value of €2.08
Current Discount Checks
For VAALCO Energy to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • VAALCO Energy's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • VAALCO Energy'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 VAALCO Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are VAALCO Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:VAW PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $-0.05
NYSE:EGY Share Price ** NYSE (2020-03-31) in USD $0.9
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 399 Publicly-Listed Companies 16.31x

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

** Primary Listing of VAALCO Energy.

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

= NYSE:EGY Share Price ÷ EPS (both in USD)

= 0.9 ÷ -0.05

-18.61x

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

  • VAALCO Energy is loss making, we can't compare its value to the Europe Oil and Gas industry average.
  • VAALCO Energy is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does VAALCO Energy's expected growth come at a high price?
Raw Data
DB:VAW PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -18.61x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
-48.3%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 66 Publicly-Listed Oil and Gas Companies 0.13x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.18x

*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 VAALCO Energy, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on VAALCO Energy's assets?
Raw Data
DB:VAW PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $1.89
NYSE:EGY Share Price * NYSE (2020-03-31) in USD $0.9
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 0.93x
Germany Market PB Ratio Median Figure of 571 Publicly-Listed Companies 1.43x
DB:VAW PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:EGY Share Price ÷ Book Value per Share (both in USD)

= 0.9 ÷ 1.89

0.48x

* Primary Listing of VAALCO Energy.

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

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

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

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

Future Performance

 How is VAALCO Energy expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
-48.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is VAALCO Energy expected to grow at an attractive rate?
  • VAALCO Energy's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of -0.4%.
Growth vs Market Checks
  • VAALCO Energy's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • VAALCO Energy'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:VAW Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:VAW Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts -48.3%
DB:VAW Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts -8.5%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13.1%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.4%
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:VAW Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:VAW Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 60 -13 1
2023-12-31 68 -8 1
2022-12-31 78 -1 1
2021-12-31 91 6 1
2020-12-31 103 56 36 1
2020-03-31
DB:VAW Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 85 26 -3
2019-09-30 90 30 6
2019-06-30 98 23 88
2019-03-31 97 36 90
2018-12-31 105 37 98
2018-09-30 94 42 91
2018-06-30 87 37 13
2018-03-31 83 20 14
2017-12-31 77 9 10
2017-09-30 75 0 3
2017-06-30 72 -3 5
2017-03-31 70 1 2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • VAALCO Energy's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • VAALCO Energy'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:VAW 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 1 Analyst Estimates (S&P Global) See Below

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

DB:VAW Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2020-03-31
DB:VAW Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 -0.05
2019-09-30 0.10
2019-06-30 1.47
2019-03-31 1.51
2018-12-31 1.65
2018-09-30 1.54
2018-06-30 0.22
2018-03-31 0.25
2017-12-31 0.17
2017-09-30 0.06
2017-06-30 0.08
2017-03-31 0.03

*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 VAALCO Energy will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess VAALCO Energy'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.
VAALCO Energy 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 VAALCO Energy 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 VAALCO Energy'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.
  • VAALCO Energy does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare VAALCO Energy's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare VAALCO Energy's 1-year growth to the Europe Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
VAALCO Energy'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 VAALCO Energy Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:VAW 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 84.52 -2.87 22.37
2019-09-30 90.20 6.18 18.11
2019-06-30 97.87 87.91 13.99
2019-03-31 97.06 89.63 14.80
2018-12-31 104.94 97.50 11.34
2018-09-30 94.49 90.88 12.31
2018-06-30 87.41 12.84 12.08
2018-03-31 83.40 14.42 10.16
2017-12-31 77.03 10.21 10.84
2017-09-30 75.20 3.38 11.26
2017-06-30 71.65 4.55 10.49
2017-03-31 70.07 1.60 11.42
2016-12-31 59.78 -18.27 10.79
2016-09-30 61.98 -85.42 10.44
2016-06-30 64.89 -92.27 -5.66
2016-03-31 73.18 -96.98 -5.60
2015-12-31 80.45 -120.55 24.42
2015-09-30 85.95 -148.38 26.15
2015-06-30 92.90 -139.44 45.16
2015-03-31 117.86 -109.52 46.57
2014-12-31 127.69 -73.75 24.28
2014-09-30 162.94 47.16 32.10
2014-06-30 176.19 46.44 40.65
2014-03-31 153.21 28.85 42.00
2013-12-31 169.28 43.07 35.46
2013-09-30 164.55 -2.22 70.11
2013-06-30 164.44 -4.50 60.62

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

Health

 How is VAALCO Energy'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 VAALCO Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • VAALCO Energy is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • VAALCO Energy's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of VAALCO 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 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.
  • VAALCO Energy has no debt, it does not need to be covered by short term assets.
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 VAALCO Energy Company Filings, last reported 3 months ago.

DB:VAW Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 109.72 0.00 45.92
2019-09-30 109.89 0.00 57.23
2019-06-30 115.67 0.00 48.56
2019-03-31 116.30 0.00 46.20
2018-12-31 109.83 0.00 33.36
2018-09-30 99.30 0.00 33.72
2018-06-30 20.48 0.00 40.49
2018-03-31 19.10 6.95 32.21
2017-12-31 10.29 8.98 19.67
2017-09-30 6.72 10.98 18.86
2017-06-30 6.93 12.98 20.64
2017-03-31 4.08 14.95 24.25
2016-12-31 -0.36 14.44 20.47
2016-09-30 3.21 14.38 26.88
2016-06-30 19.33 14.34 13.68
2016-03-31 18.83 15.00 24.16
2015-12-31 26.08 15.00 25.36
2015-09-30 106.09 15.00 40.70
2015-06-30 139.07 15.00 61.05
2015-03-31 143.59 15.00 46.55
2014-12-31 180.46 15.00 69.05
2014-09-30 278.10 15.00 133.50
2014-06-30 271.23 0.00 118.57
2014-03-31 245.25 0.00 80.72
2013-12-31 250.87 0.00 130.53
2013-09-30 221.88 0.00 100.47
2013-06-30 227.87 0.00 78.71
  • VAALCO Energy has no debt.
  • VAALCO Energy has no debt compared to 5 years ago when it was 8.3%.
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 VAALCO Energy has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making VAALCO Energy has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -33.7% per year.
X
Financial health checks
We assess VAALCO Energy'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. VAALCO Energy has a total score of 6/6, 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 VAALCO Energy'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 VAALCO Energy dividends.
If you bought €2,000 of VAALCO Energy 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 VAALCO Energy's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate VAALCO Energy'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:VAW 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 1 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.8%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
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:VAW Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2020-03-31

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

  • Unable to perform a dividend volatility check as VAALCO Energy has not reported any payouts.
  • Unable to verify if VAALCO Energy's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of VAALCO Energy's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as VAALCO Energy 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 VAALCO Energy's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 VAALCO Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. VAALCO Energy 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 VAALCO Energy'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
Cary Bounds
COMPENSATION $1,400,695
AGE 52
TENURE AS CEO 3.3 years
CEO Bio

Mr. Cary Bounds has been Chief Executive Officer of VAALCO Energy, Inc. since December 29, 2016. Mr. Bounds served as Interim Chief Executive Officer of Vaalco Energy Inc. from September 1, 2016 to December 29, 2016 and its Chief Operating Officer from June 2015 to December 29, 2016. He is a Petroleum Engineer and has almost 25 years of domestic and international asset management, business development, planning and technical engineering experience at large, multinational energy companies as well as at mid-sized and larger independent E&P companies. From 2010 until joining VAALCO, Mr. Bounds was employed with Noble Energy Equatorial Guinea Limited, where he held upstream positions in international assets management, including Vice President, Business Unit Manager, Equatorial Guinea Assets from May 2013 until July 2015 and Country Manager, North Sea from April 2010 until May 2013. Prior to Noble, Mr. Bounds was the Engineering and Planning Manager, Worldwide for Terralliance Technologies, Inc. and served as their Country Manager in Mozambique from 2007 to 2010. Mr. Bounds was with SM Energy from 2004 to 2007 and held the position of Engineering Manager for their Gulf Coast and Permian regions. Prior to Noble, he held a variety of management and engineering positions with companies including Dominion Energy & Minerals where he was Manager of Business Analysis and Corporate Development, Planning Manager and Reservoir Engineering Supervisor. He began his career at ConocoPhillips in 1991 as a production engineer. He served as the Chairman of Management Committee at Atlantic Methanol Production Company, LLC. He has been Director of VAALCO Energy, Inc. since December 29, 2016. Mr. Bounds holds a Bachelor of Science degree in Petroleum Engineering from Texas A&M University.

CEO Compensation
  • Cary's compensation has increased whilst company is loss making.
  • Cary's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the VAALCO Energy management team in years:

1.2
Average Tenure
  • The average tenure for the VAALCO Energy management team is less than 2 years, this suggests a new team.
Management Team

Cary Bounds

TITLE
CEO & Director
COMPENSATION
$1M
AGE
52
TENURE
3.3 yrs

Elizabeth Prochnow

TITLE
Chief Financial Officer
COMPENSATION
$404K
AGE
60
TENURE
0.8 yrs

Bill Thomas

TITLE
President & Director

Jason Doornik

TITLE
Chief Accounting Officer & Controller
TENURE
0.7 yrs

Michael Silver

TITLE
Executive VP & General Counsel
TENURE
0.8 yrs

Dave DesAutels

TITLE
Executive Vice President of Corporate Development
TENURE
1.2 yrs

Thor Pruckl

TITLE
Executive Vice President of International Operations
TENURE
1.2 yrs

Julie Ray

TITLE
Vice President of Treasury
TENURE
2.7 yrs

Al Petrie

TITLE
Investor Relations Coordinator
Board of Directors Tenure

Average tenure and age of the VAALCO Energy board of directors in years:

4.3
Average Tenure
63
Average Age
  • The tenure for the VAALCO Energy board of directors is about average.
Board of Directors

Andrew Fawthrop

TITLE
Chairman of the Board
COMPENSATION
$206K
AGE
67
TENURE
4.3 yrs

Cary Bounds

TITLE
CEO & Director
COMPENSATION
$1M
AGE
52
TENURE
3.3 yrs

Bill Thomas

TITLE
President & Director
TENURE
0.8 yrs

Bobby Gerry

TITLE
Chairman Emeritus
COMPENSATION
$552K
AGE
81
TENURE
5.7 yrs

Steven Pully

TITLE
Independent Director
COMPENSATION
$171K
AGE
59
TENURE
4.7 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 (€)
29. May 19 Buy Andrew Fawthrop Individual 24. May 19 24. May 19 2,000 €1.50 €2,998
28. May 19 Buy David DesAutels Individual 24. May 19 24. May 19 11,764 €1.53 €18,053
24. May 19 Buy Cary Bounds Individual 22. May 19 22. May 19 6,000 €1.51 €9,039
23. May 19 Sell Kornitzer Capital Management, Inc. Company 25. Mar 19 21. May 19 -1,362,220 €2.36 €-3,208,847
22. May 19 Buy William Thomas Individual 22. May 19 22. May 19 2,237 €1.49 €3,330
20. May 19 Buy Alfred Knapp Individual 17. May 19 17. May 19 20,000 €1.61 €32,256
20. May 19 Buy William Thomas Individual 17. May 19 17. May 19 20,000 €1.63 €32,614
17. May 19 Buy William Thomas Individual 14. May 19 15. May 19 37,763 €1.54 €57,972
16. May 19 Buy Alfred Knapp Individual 14. May 19 14. May 19 100,000 €1.50 €149,890
16. May 19 Buy Cary Bounds Individual 15. May 19 16. May 19 5,622 €1.61 €9,053
16. May 19 Buy Cary Bounds Individual 14. May 19 14. May 19 6,000 €1.45 €8,726
15. May 19 Buy Elizabeth Brumley Individual 14. May 19 14. May 19 8,600 €1.52 €13,044
29. Apr 19 Sell Kornitzer Capital Management, Inc. Company 25. Feb 19 24. Apr 19 -1,216,837 €2.35 €-2,859,343
03. Apr 19 Sell Kornitzer Capital Management, Inc. Company 25. Feb 19 02. Apr 19 -569,219 €2.21 €-1,255,271
X
Management checks
We assess VAALCO Energy'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. VAALCO Energy 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

VAALCO Energy, Inc., an independent energy company, acquires, explores for, develops, and produces crude oil and natural gas. The company holds Etame production sharing contract related to the Etame Marin block located offshore in the Republic of Gabon, West Africa. It also owns interests in an undeveloped block offshore Equatorial Guinea, West Africa. VAALCO Energy, Inc. was founded in 1985 and is headquartered in Houston, Texas.

Details
Name: VAALCO Energy, Inc.
VAW
Exchange: DB
Founded: 1985
$47,041,071
57,537,471
Website: http://www.vaalco.com
Address: VAALCO Energy, Inc.
9800 Richmond Avenue,
Suite 700,
Houston,
Texas, 77042,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE EGY Common Stock New York Stock Exchange US USD 22. Apr 1998
DB VAW Common Stock Deutsche Boerse AG DE EUR 22. Apr 1998
LSE EGY Common Stock London Stock Exchange GB GBP 22. Apr 1998
Number of employees
Current staff
Staff numbers
111
VAALCO Energy employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 22:45
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2020/03/10
Last earnings filing: 2020/03/10
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.