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3,582 Posts.
586
24/02/20
11:16
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Interesting to compare COE results to SXY's that were released today. How COE warrants a market cap almost double SXY's seems stretched (880 vs 500).
Sales Revenue - SXY 53.3M vs COE 39.1M
EBITDAX - SXY 24.1M vs COE 16.3M
Underlying NPAT ($ million) - SXY 2.7M vs COE (2M)
Production (kboe) - SXY 779 vs COE 660
Proved & Probable Reserves - SXY 130 vs COE 53 (COE seem to group 1P and 2P together).
Net assets - SXY 356.8M vs COE 441.9M
Realise these are fairly simple metrics, but compelling the gap. Either COE is overvalued or SXY is undervalued.
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