TULLOW OIL PLC |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 36.7 GBX | +3.56% |
|
+2.29% | -5.70% |
| Mar. 26 | Bank of America Upgrades Tullow Oil to Buy from Underperform, Boosts PT | MT |
| Mar. 26 | Dr Martens cut to 'sell'; BofA likes Tullow | AN |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,194 | 572 | 899.7 | 642.7 | 719.5 | 665.7 | - | - |
| Enterprise Value (EV) 1 | 3,999 | 2,937 | 2,999 | 2,543 | 2,320 | 2,049 | 1,722 | 1,496 |
| P/E ratio | -0.7 x | -0.47 x | -11 x | 13.5 x | -6.52 x | 1.82 x | 2 x | 2.22 x |
| Yield | 2.77% | - | - | - | - | - | - | - |
| Capitalization / Revenue | 0.69 x | 0.41 x | 0.71 x | 0.36 x | 0.44 x | 0.41 x | 0.42 x | 0.44 x |
| EV / Revenue | 2.32 x | 2.1 x | 2.36 x | 1.43 x | 1.42 x | 1.27 x | 1.1 x | 1 x |
| EV / EBITDA | 2.86 x | 3.65 x | 3.12 x | 1.73 x | 2.02 x | 1.59 x | 1.38 x | 1.31 x |
| EV / FCF | 11.3 x | 11 x | 5.45 x | 3.3 x | 13.6 x | 6.6 x | 4.2 x | 3.16 x |
| FCF Yield | 8.88% | 9.11% | 18.4% | 30.3% | 7.33% | 15.1% | 23.8% | 31.6% |
| Price to Book | 1.21 x | -2.72 x | -1.91 x | 1.45 x | - | -28.1 x | 1.97 x | 1.07 x |
| Nbr of stocks (in thousands) | 1,406,580 | 1,414,072 | 1,431,683 | 1,439,360 | 1,452,335 | 1,456,346 | - | - |
| Reference price 2 | 0.8486 | 0.4045 | 0.6284 | 0.4465 | 0.4954 | 0.4571 | 0.4571 | 0.4571 |
| Announcement Date | 3/12/20 | 3/10/21 | 3/9/22 | 3/8/23 | 3/6/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,725 | 1,396 | 1,273 | 1,783 | 1,634 | 1,607 | 1,572 | 1,500 |
| EBITDA 1 | 1,398 | 804 | 961 | 1,469 | 1,151 | 1,288 | 1,252 | 1,140 |
| EBIT 1 | -1,385 | -1,018 | 514.5 | 1,035 | 714.8 | 849 | 825.9 | 662.7 |
| Operating Margin | -80.28% | -72.9% | 40.41% | 58.02% | 43.75% | 52.82% | 52.52% | 44.17% |
| Earnings before Tax (EBT) 1 | -1,653 | -1,273 | 202.7 | 442.1 | 95.9 | 576.9 | 583.4 | 483.1 |
| Net income 1 | -1,694 | -1,222 | -80.7 | 49.1 | -109.6 | 335 | 319.4 | 300.9 |
| Net margin | -98.19% | -87.49% | -6.34% | 2.75% | -6.71% | 20.84% | 20.31% | 20.06% |
| EPS 2 | -1.208 | -0.8660 | -0.0570 | 0.0330 | -0.0760 | 0.2515 | 0.2282 | 0.2056 |
| Free Cash Flow 1 | 355 | 267.7 | 550.4 | 771.4 | 170 | 310.2 | 410.2 | 472.9 |
| FCF margin | 20.58% | 19.17% | 43.23% | 43.26% | 10.4% | 19.3% | 26.09% | 31.52% |
| FCF Conversion (EBITDA) | 25.39% | 33.3% | 57.27% | 52.51% | 14.77% | 24.09% | 32.76% | 41.5% |
| FCF Conversion (Net income) | - | - | - | 1,571.08% | - | 92.6% | 128.42% | 157.17% |
| Dividend per Share 2 | 0.0235 | - | - | - | - | - | - | - |
| Announcement Date | 3/12/20 | 3/10/21 | 3/9/22 | 3/8/23 | 3/6/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2022 S1 | 2023 S1 |
|---|---|---|---|---|---|---|
| Net sales 1 | 823.7 | 731 | - | 726.8 | 845.7 | 776.9 |
| EBITDA 1 | 768.7 | 402.1 | - | 483.1 | 785 | 1,171 |
| EBIT 1 | - | -1,306 | - | 369.5 | 696.2 | 287.6 |
| Operating Margin | - | -178.65% | - | 50.84% | 82.32% | 37.02% |
| Earnings before Tax (EBT) 1 | - | -1,436 | - | 213.1 | 547.6 | 217.2 |
| Net income 1 | - | -1,327 | - | 92.7 | 263.9 | 70.1 |
| Net margin | - | -181.5% | - | 12.75% | 31.2% | 9.02% |
| EPS 2 | - | -0.9420 | 0.0760 | 0.0620 | 0.1780 | 0.0470 |
| Dividend per Share 2 | - | - | - | - | - | - |
| Announcement Date | 3/12/20 | 9/9/20 | 3/10/21 | 9/15/21 | 9/14/22 | 9/13/23 |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 2,806 | 2,365 | 2,100 | 1,900 | 1,600 | 1,383 | 1,056 | 831 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.007 x | 2.942 x | 2.185 x | 1.293 x | 1.39 x | 1.074 x | 0.8437 x | 0.7289 x |
| Free Cash Flow 1 | 355 | 268 | 550 | 771 | 170 | 310 | 410 | 473 |
| ROE (net income / shareholders' equity) | -87.4% | -316% | - | - | - | 213% | 186% | 68.7% |
| ROA (Net income/ Total Assets) | -17.9% | -16.5% | -1.33% | 0.93% | - | 7.54% | 7.69% | 7.19% |
| Assets 1 | 9,463 | 7,424 | 6,049 | 5,290 | - | 4,447 | 4,153 | 4,187 |
| Book Value Per Share 2 | 0.7000 | -0.1500 | -0.3300 | 0.3100 | - | -0.0200 | 0.2300 | 0.4300 |
| Cash Flow per Share 2 | 0.9000 | 0.5000 | 0.5600 | 0.7200 | 0.6100 | 0.6000 | 0.6600 | - |
| Capex 1 | 521 | 431 | 237 | 306 | 380 | 263 | 311 | 213 |
| Capex / Sales | 30.19% | 30.86% | 18.58% | 17.18% | 23.26% | 16.33% | 19.78% | 14.18% |
| Announcement Date | 3/12/20 | 3/10/21 | 3/9/22 | 3/8/23 | 3/6/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
10
Last Close Price
0.4571
USD
Average target price
0.7289
USD
Spread / Average Target
+59.46%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -5.70% | 666M | |
| +11.22% | 306B | |
| +12.21% | 153B | |
| +51.38% | 124B | |
| +22.70% | 83.43B | |
| +12.20% | 78.06B | |
| +19.56% | 62.81B | |
| +13.52% | 60.08B | |
| +12.74% | 49.91B | |
| +33.97% | 37.05B |
- Stock Market
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- Financials Tullow Oil plc
