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Petrolia

OB:PSE
Snowflake Description

Flawless balance sheet and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PSE
OB
NOK207M
Market Cap
  1. Home
  2. NO
  3. Energy
Company description

Petrolia SE, together with its subsidiaries, operates as a rental equipment company for the oil industry in Europe, Asia, Australia, and internationally. The last earnings update was 20 days ago. More info.


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PSE Share Price and Events
7 Day Returns
2.9%
OB:PSE
-0.3%
NO Energy Services
1.6%
NO Market
1 Year Returns
10.8%
OB:PSE
-32.6%
NO Energy Services
-8.3%
NO Market
PSE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Petrolia (PSE) 2.9% 16.7% 13.6% 10.8% 4.5% -59.4%
NO Energy Services -0.3% 14.9% -3.1% -32.6% 12.6% -56.2%
NO Market 1.6% 7.6% 2.7% -8.3% 31.1% 16.1%
1 Year Return vs Industry and Market
  • PSE outperformed the Energy Services industry which returned -32.6% over the past year.
  • PSE outperformed the Market in Norway which returned -8.3% over the past year.
Price Volatility
PSE
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Petrolia's competitors could be found in our database.

Value

 Is Petrolia 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 Petrolia 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 Petrolia.

OB:PSE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 10.2%
Perpetual Growth Rate 10-Year NO Government Bond Rate 1.8%

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 OB:PSE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year NO Govt Bond Rate 1.8%
Equity Risk Premium S&P Global 6%
Energy Services Unlevered Beta Simply Wall St/ S&P Global 1.08
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.083 (1 + (1- 12.5%) (56.47%))
1.414
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.41
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.76% + (1.414 * 5.96%)
10.19%

Discounted Cash Flow Calculation for OB:PSE using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Petrolia 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.

OB:PSE DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.19%)
2020 5.42 Est @ 42.04% 4.92
2021 7.04 Est @ 29.96% 5.80
2022 8.56 Est @ 21.5% 6.39
2023 9.89 Est @ 15.58% 6.71
2024 11.02 Est @ 11.43% 6.78
2025 11.96 Est @ 8.53% 6.68
2026 12.73 Est @ 6.5% 6.46
2027 13.38 Est @ 5.08% 6.16
2028 13.93 Est @ 4.08% 5.82
2029 14.40 Est @ 3.39% 5.46
Present value of next 10 years cash flows $61.00
OB:PSE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $14.40 × (1 + 1.76%) ÷ (10.19% – 1.76%)
$173.85
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $173.85 ÷ (1 + 10.19%)10
$65.89
OB:PSE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $61.00 + $65.89
$126.89
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $126.89 / 59.13
$2.15
OB:PSE Discount to Share Price
Calculation Result
Exchange Rate USD/NOK
(Reporting currency to currency of OB:PSE)
8.977
Value per Share
(NOK)
= Value per Share in USD x Exchange Rate (USD/NOK)
= $2.15 x 8.977
NOK19.26
Value per share (NOK) From above. NOK19.26
Current discount Discount to share price of NOK3.50
= -1 x (NOK3.50 - NOK19.26) / NOK19.26
81.8%

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

Current Discount
Amount off the current price Petrolia is available for.
Intrinsic value
>50%
Share price is NOK3.5 vs Future cash flow value of NOK19.26
Current Discount Checks
For Petrolia to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Petrolia's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Petrolia'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 Petrolia's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Petrolia's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OB:PSE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $0.09
OB:PSE Share Price ** OB (2019-09-19) in NOK NOK3.5
OB:PSE Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.111 $0.39
Norway Energy Services Industry PE Ratio Median Figure of 14 Publicly-Listed Energy Services Companies 18.05x
Norway Market PE Ratio Median Figure of 149 Publicly-Listed Companies 13.35x

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

** Primary Listing of Petrolia.

OB:PSE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 0.39 ÷ 0.09

4.31x

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

  • Petrolia is good value based on earnings compared to the NO Energy Services industry average.
  • Petrolia is good value based on earnings compared to the Norway market.
Price based on expected Growth
Does Petrolia's expected growth come at a high price?
Raw Data
OB:PSE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.31x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Norway Energy Services Industry PEG Ratio Median Figure of 10 Publicly-Listed Energy Services Companies 0.68x
Norway Market PEG Ratio Median Figure of 110 Publicly-Listed Companies 0.77x

*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 Petrolia, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Petrolia's assets?
Raw Data
OB:PSE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $0.71
OB:PSE Share Price * OB (2019-09-19) in NOK NOK3.5
OB:PSE Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.111 $0.39
Norway Energy Services Industry PB Ratio Median Figure of 35 Publicly-Listed Energy Services Companies 0.64x
Norway Market PB Ratio Median Figure of 239 Publicly-Listed Companies 1.12x
OB:PSE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.39 ÷ 0.71

0.55x

* Primary Listing of Petrolia.

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

  • Petrolia is good value based on assets compared to the NO Energy Services industry average.
X
Value checks
We assess Petrolia'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 Energy Services 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 Energy Services industry average (and greater than 0)? (1 check)
  5. Petrolia has a total score of 5/6, see the detailed checks below.

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

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

Future Performance

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

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

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

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
39.4%
Expected Energy Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Petrolia expected to grow at an attractive rate?
  • Unable to compare Petrolia's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Petrolia's earnings growth to the Norway market average as no estimate data is available.
  • Unable to compare Petrolia's revenue growth to the Norway market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OB:PSE Future Growth Rates Data Sources
Data Point Source Value (per year)
Norway Energy Services Industry Earnings Growth Rate Market Cap Weighted Average 39.4%
Norway Energy Services Industry Revenue Growth Rate Market Cap Weighted Average 11.4%
Norway Market Earnings Growth Rate Market Cap Weighted Average 14.8%
Norway Market Revenue Growth Rate Market Cap Weighted Average 4.4%

*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
OB:PSE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OB:PSE Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 59 9 5
2019-03-31 57 9 4
2018-12-31 55 9 3
2018-09-30 52 7 1
2018-06-30 48 6 -2
2018-03-31 44 4 -5
2017-12-31 39 1 -7
2017-09-30 37 -3 -11
2017-06-30 36 -3 -12
2017-03-31 36 0 -14
2016-12-31 39 0 -12
2016-09-30 43 6 -29

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Petrolia is high growth as no earnings estimate data is available.
  • Unable to determine if Petrolia is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OB:PSE 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 0 Analyst Estimates (S&P Global) See Below

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

OB:PSE Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 0.09
2019-03-31 0.07
2018-12-31 0.05
2018-09-30 0.01
2018-06-30 -0.03
2018-03-31 -0.08
2017-12-31 -0.14
2017-09-30 -0.24
2017-06-30 -0.30
2017-03-31 -0.40
2016-12-31 -0.44
2016-09-30 -1.07

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

Next steps:

  1. Examine whether Petrolia is trading at Petrolia'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Petrolia's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Energy companies here
  3. Petrolia's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Petrolia'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 Norway market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Norway 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.
Petrolia 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 Petrolia 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 Petrolia's growth in the last year to its industry (Energy Services).
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.
  • Petrolia has delivered over 20% year on year earnings growth in the past 5 years.
  • Petrolia has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Petrolia has become profitable in the last year making it difficult to compare the NO Energy Services industry average.
Earnings and Revenue History
Petrolia'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 Petrolia Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OB:PSE Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 59.03 5.35 13.17
2019-03-31 56.93 4.16 13.17
2018-12-31 54.82 2.98 13.17
2018-09-30 51.62 0.59 12.27
2018-06-30 48.41 -1.80 11.37
2018-03-31 43.91 -4.64 11.37
2017-12-31 39.40 -7.49 11.37
2017-09-30 36.76 -11.23 18.82
2017-06-30 35.89 -12.34 13.14
2017-03-31 35.64 -13.88 13.14
2016-12-31 38.78 -12.07 13.14
2016-09-30 42.70 -29.14 20.01
2016-06-30 47.06 -41.33 20.98
2016-03-31 54.47 -47.74 22.27
2015-12-31 59.40 -53.52 33.34
2015-09-30 71.28 -36.39 48.90
2015-06-30 86.54 -23.03 48.20
2015-03-31 99.11 -10.22 47.53
2014-12-31 110.07 1.39 37.66
2014-09-30 115.81 -0.16 32.90
2014-06-30 120.53 8.24 36.33
2014-03-31 122.00 7.13 53.74
2013-12-31 120.08 9.41 54.79
2013-09-30 123.02 14.00 50.48
2013-06-30 114.13 10.19 53.44
2013-03-31 109.04 -4.07 36.39
2012-12-31 102.89 -8.06 34.14
2012-09-30 90.47 -31.42 28.65

*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.
  • Petrolia has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Petrolia used its assets more efficiently than the NO Energy Services industry average last year based on Return on Assets.
  • Petrolia has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Petrolia'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 Energy Services 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.
Petrolia 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.

Health

 How is Petrolia'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 Petrolia's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Petrolia is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Petrolia's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Petrolia's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 6x 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 Petrolia Company Filings, last reported 2 months ago.

OB:PSE Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 44.07 4.62 7.33
2019-03-31 44.07 4.62 7.33
2018-12-31 41.32 4.70 9.85
2018-09-30 41.32 4.70 9.85
2018-06-30 36.53 4.75 11.42
2018-03-31 36.53 4.75 11.42
2017-12-31 35.00 4.77 14.14
2017-09-30 35.00 4.77 14.14
2017-06-30 37.59 4.75 14.00
2017-03-31 37.59 4.75 14.00
2016-12-31 31.36 17.96 16.93
2016-09-30 36.35 18.02 8.97
2016-06-30 40.08 18.03 7.74
2016-03-31 46.54 17.97 6.73
2015-12-31 48.83 17.73 8.29
2015-09-30 69.42 19.82 6.38
2015-06-30 81.87 20.13 10.20
2015-03-31 92.78 22.41 16.83
2014-12-31 101.54 30.75 36.49
2014-09-30 105.00 37.37 26.81
2014-06-30 109.82 36.03 37.84
2014-03-31 107.31 37.90 28.37
2013-12-31 102.47 37.35 31.11
2013-09-30 108.21 45.28 17.28
2013-06-30 92.74 41.86 21.11
2013-03-31 92.03 43.11 17.97
2012-12-31 90.58 61.58 20.28
2012-09-30 91.77 64.24 23.49
  • Petrolia's level of debt (10.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (25.1% vs 10.5% today).
  • Debt is well covered by operating cash flow (198.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 62.6x coverage).
X
Financial health checks
We assess Petrolia'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. Petrolia 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 Petrolia'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 Petrolia dividends.
If you bought NOK2,000 of Petrolia shares you are expected to receive NOK0 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 Petrolia's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Petrolia'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
OB:PSE Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Norway Energy Services Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 4.2%
Norway Market Average Dividend Yield Market Cap Weighted Average of 115 Stocks 4.4%
Norway Minimum Threshold Dividend Yield 10th Percentile 1.5%
Norway Bottom 25% Dividend Yield 25th Percentile 2.5%
Norway Top 25% Dividend Yield 75th Percentile 6.4%

Industry and Market average data is calculated daily.

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

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

  • Unable to perform a dividend volatility check as Petrolia has not reported any payouts.
  • Unable to verify if Petrolia's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Petrolia's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Petrolia 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 Petrolia's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - 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 Petrolia afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Petrolia 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 Petrolia'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
Erwin Joseph Godec
COMPENSATION $0
TENURE AS CEO 7 years
CEO Bio

Mr. Erwin Joseph Pierre Godec has been Chief Executive Officer at Petrolia SE September 14, 2012. Mr. Godec has been a Director of Petrolia SE since July 1, 2013 and served as a its Director.

CEO Compensation
  • Erwin Joseph's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Insufficient data for Erwin Joseph to establish whether their remuneration is reasonable compared to companies of similar size in Norway.
Management Team Tenure

Average tenure of the Petrolia management team in years:

3.7
Average Tenure
  • The tenure for the Petrolia management team is about average.
Management Team

Erwin Joseph Godec

TITLE
CEO, MD & Director
TENURE
7 yrs

Demos Demou

TITLE
Chief Financial Officer
TENURE
3.1 yrs

Sølve Nilsen

TITLE
General Manager of Norwegian Branch
AGE
50
TENURE
3.7 yrs

Sandra Eileng

TITLE
Legal Secretary

Geir Bjørlo

TITLE
Manager of Communications
Board of Directors Tenure

Average tenure of the Petrolia board of directors in years:

6.3
Average Tenure
  • The tenure for the Petrolia board of directors is about average.
Board of Directors

Berge Larsen

TITLE
Chairman
AGE
67

Erwin Joseph Godec

TITLE
CEO, MD & Director
TENURE
6.2 yrs

Sjur Storaas

TITLE
Independent Director
AGE
66
TENURE
9.3 yrs

Judith Parry

TITLE
Independent Director
TENURE
6.3 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 (NOK) Value (NOK)
X
Management checks
We assess Petrolia'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. Petrolia 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

Is Petrolia (OB:PSE) Using Too Much Debt?

OB:PSE Historical Debt, August 15th 2019 A Look At Petrolia's Liabilities We can see from the most recent balance sheet that Petrolia had liabilities of US$15.2m falling due within a year, and liabilities of US$5.62m due beyond that. … While Petrolia has net cash on its balance sheet, it's still worth taking a look at its ability to convert earnings before interest and tax (EBIT) to free cash flow, to help us understand how quickly it is building (or eroding) that cash balance. … Looking at the most recent year, Petrolia recorded free cash flow of 28% of its EBIT, which is weaker than we'd expect.

Simply Wall St -

The Petrolia (OB:PSE) Share Price Is Down 74% So Some Shareholders Are Rather Upset

For example, we sympathize with anyone who was caught holding Petrolia SE (OB:PSE) during the five years that saw its share price drop a whopping 74%. … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … During five years of share price growth, Petrolia moved from a loss to profitability.

Simply Wall St -

A Close Look At Petrolia SE’s (OB:PSE) 12% ROCE

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … What is Return On Capital Employed (ROCE)? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Imagine Owning Petrolia (OB:PSE) While The Price Tanked 67%

Zooming in on an example, the Petrolia SE (OB:PSE) share price dropped 67% in the last half decade. … While Petrolia made a small profit, in the last year, we think that the market is probably more focussed on the top line growth at the moment. … Over half a decade Petrolia reduced its trailing twelve month revenue by 26% for each year.

Simply Wall St -

Should You Take Comfort From Insider Transactions At Petrolia SE (OB:PSE)?

So we'll take a look at whether insiders have been buying or selling shares in Petrolia SE (OB:PSE). … The Last 12 Months Of Insider Transactions At Petrolia … While there weren't any large insider transactions in the last twelve months, it's still worth looking at the trading.

Simply Wall St -

Petrolia SE (OB:PSE): Time For A Financial Health Check

Investors are always looking for growth in small-cap stocks like Petrolia SE (OB:PSE), with a market cap of øre213m. … However, an important fact which most ignore is: how financially healthy is the business? … especially ones that are currently loss-making,

Simply Wall St -

Should You Worry About Petrolia SE's (OB:PSE) CEO Salary Level?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Erwin Joseph Godec's Compensation Compare With Similar Sized Companies. … Most shareholders would consider it a positive that Erwin Joseph Godec takes less compensation than the CEOs of most similar size companies, leaving more for shareholders.

Simply Wall St -

Company Info

Description

Petrolia SE, together with its subsidiaries, operates as a rental equipment company for the oil industry in Europe, Asia, Australia, and internationally. The company operates through two segments, Exploration & Production, and Oil Service. It rents drilling equipment, such as drill pipes, and test strings and tubings, as well as casing, handling, and auxiliary tools and other equipment. The company also provides inspection and maintenance services; and various services for equipment. It serves oil companies, drilling contractors, and oil service companies. The company was formerly known as Petrolia E&P Holdings SE and changed its name to Petrolia SE in January 2013. Petrolia SE was founded in 1997 and is based in Limassol, Cyprus.

Details
Name: Petrolia SE
PSE
Exchange: OB
Founded: 1997
NOK206,968,251
59,133,786
Website: http://www.petrolia.no
Address: Petrolia SE
Office 401,
4th Floor,
Limassol,
3036,
Cyprus
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB PSE New Common Shares Oslo Bors NO NOK 29. Oct 2012
DB 0PE New Common Shares Deutsche Boerse AG DE EUR 29. Oct 2012
BATS-CHIXE PSEO New Common Shares BATS 'Chi-X Europe' GB NOK 29. Oct 2012
Number of employees
Current staff
Staff numbers
257
Petrolia employees.
Industry
Oil and Gas Equipment and Services
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/09/19 21:19
End of day share price update: 2019/09/19 00:00
Last earnings filing: 2019/08/30
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


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

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