I thought i would do a back of the envelope valuation for Byron Energy based on facts we know and the usual p/e ratios used in the sharemarket for the oil and gas industry.
1.On current prices the EBITDA for the next 12 months will be $50 million aussie
2.The net profit after depreciation and interest will be $47 million aussie .
3.There will be a free carry on all the company's existing and future leases.We have been told that SM71 will flow for at least 8 years by otto energy in their recent presentation.
4.The company is currently capitalized on the asx at $264 million.
5.The number of shares issued is 685 million.
6.The normal p/e ratio for oil and gas companies is 20 times .
7.Being very conservative and using a p/e of 10 the value of the company should be $470 million /divided by no of shares issued 685 mill the share value should be 68 cents.
8.Using 15 times p/e ratio the company would be worth $705 million and the share value $1.03.
9.Using 20 times p/e ratio the company would be worth $940 million and the share value $1.37.
10.Accordingly on the above basis this stock is extremely cheap at present.
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5.0¢ |
Change
-0.001(1.96%) |
Mkt cap ! $53.93M |
Open | High | Low | Value | Volume |
5.0¢ | 5.2¢ | 4.9¢ | $60.43K | 1.203M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 241099 | 4.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.2¢ | 492225 | 2 |
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No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 0.049 |
4 | 420000 | 0.048 |
4 | 1832326 | 0.047 |
3 | 2426772 | 0.046 |
5 | 767978 | 0.045 |
Price($) | Vol. | No. |
---|---|---|
0.052 | 492225 | 2 |
0.053 | 109866 | 3 |
0.054 | 258 | 1 |
0.056 | 144488 | 1 |
0.058 | 6000 | 1 |
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