Business Description
Karoon Energy Ltd
ISIN : US4857571081
Share Class Description:
KRNGY: ADRDescription
Karoon produces around 8 million barrels of oil annually from its wholly owned Bauna field in Brazil's offshore Santos basin. The company acquired Bauna from Petrobras in 2020 and has been steadily increasing production via well interventions and new developments. Field life is approaching eight years based on proven and probable 2P reserves of 55 million barrels at end December 2022, though this excludes a further 82 million barrels in 2C contingent resources which which have potential to increase life further. We credit life of approximately 10 years, assuming partial conversion of 2C contingent resources into reserve category with drilling. There are also prospective untested targets within Karoon's permits which could potentially add further reserves in the medium term.
Financial Strength
6/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
| Cash-To-Debt | 0.53 | |||||
| Equity-to-Asset | 0.5 | |||||
| Debt-to-Equity | 0.55 | |||||
| Debt-to-EBITDA | 1 | |||||
| Interest Coverage | 9.11 | |||||
| Piotroski F-Score | 7/9 | |||||
| Altman Z-Score | 1.31 | |||||
| Beneish M-Score | -2.26 | |||||
| WACC vs ROIC | ||||||
Growth Rank
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
| 3-Year FCF Growth Rate | 19.4 | |||||
| 3-Year Book Growth Rate | 9.9 |
Momentum Rank
3/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
| 5-Day RSI | 0.03 | |||||
| 9-Day RSI | 1.6 | |||||
| 14-Day RSI | 8.48 | |||||
| 6-1 Month Momentum % | -17.36 | |||||
| 12-1 Month Momentum % | -34.21 |
Liquidity Ratio
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
| Current Ratio | 1.6 | |||||
| Quick Ratio | 1.59 | |||||
| Cash Ratio | 1.26 | |||||
| Days Inventory | 13.14 | |||||
| Days Sales Outstanding | 24.8 | |||||
| Days Payable | 73.4 |
Dividend & Buy Back
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
| Dividend Yield % | 3.16 | |||||
| Forward Dividend Yield % | 3.16 | |||||
| 5-Year Yield-on-Cost % | 3.16 | |||||
| 3-Year Average Share Buyback Ratio | -0.6 | |||||
| Shareholder Yield % | -49.48 |
Profitability Rank
4/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
| Gross Margin % | 66.92 | |||||
| Operating Margin % | 37.17 | |||||
| Net Margin % | 22.38 | |||||
| FCF Margin % | -43.54 | |||||
| ROE % | 23.38 | |||||
| ROA % | 10.89 | |||||
| ROIC % | 10.97 | |||||
| 3-Year ROIIC % | 29.49 | |||||
| ROC (Joel Greenblatt) % | 33.68 | |||||
| ROCE % | 24.24 | |||||
| Years of Profitability over Past 10-Year | 3 |
GF Value Rank
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
| PE Ratio | 3.33 | |||||
| Forward PE Ratio | 3 | |||||
| PE Ratio without NRI | 3.33 | |||||
| Price-to-Owner-Earnings | 2.61 | |||||
| PS Ratio | 0.78 | |||||
| PB Ratio | 0.75 | |||||
| Price-to-Tangible-Book | 0.75 | |||||
| Price-to-Operating-Cash-Flow | 1.19 | |||||
| EV-to-EBIT | 2.71 | |||||
| EV-to-Forward-EBIT | 4.4 | |||||
| EV-to-EBITDA | 1.81 | |||||
| EV-to-Forward-EBITDA | 2.6 | |||||
| EV-to-Revenue | 1.18 | |||||
| EV-to-Forward-Revenue | 1.65 | |||||
| EV-to-FCF | -2.73 | |||||
| Price-to-Graham-Number | 0.33 | |||||
| Earnings Yield (Greenblatt) % | 36.9 | |||||
| FCF Yield % | -49.67 |
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