AOI:CA:TSX-Africa Oil Corp (CAD)

COMMON STOCK | Oil & Gas E&P | TSX

Last Closing Price

CAD 1.19

Change

-0.01 (-0.83)%

Market Cap

CAD 0.56B

Volume

0.05M

Average Target Price

CAD 1.60 (+34.45%)
Average Analyst Rating

Verdict

Fundamental Analysis

Verdict

About

Africa Oil Corp., together with its subsidiaries, operates as an oil and gas exploration and development company in Kenya, Nigeria, and South Africa. The company holds interests in producing and development assets in deep-water Nigeria and development assets in Kenya. It also has a portfolio of exploration assets in Guyana, Kenya, Namibia, Nigeria, South Africa, Ethiopia, and in the Senegal Guinea Bissau Joint Development Zone. The company was formerly known as Canmex Minerals Corporation and changed its name to Africa Oil Corp. in August 2007. Africa Oil Corp. was incorporated in 1983 and is headquartered in Vancouver, Canada. Address: 885 West Georgia Street, Vancouver, BC, Canada, V6C 3E8

Technical Indicators

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2021-06-18 )

Largest Industry Peers for Oil & Gas E&P

Symbol Name Price(Change) Market Cap Price / Earning Ratio EV/EBITDA
CNU:CA CNOOC Limited

N/A

CAD62.30B 11.73 0.70
CNQ:CA Canadian Natural Resources Lim..

-0.54 (-1.25%)

CAD51.29B 23.09 8.16
OVV:CA Ovintiv Inc

-0.66 (-1.81%)

CAD9.50B 3.13 3.76
TOU:CA Tourmaline Oil Corp

-0.32 (-1.02%)

CAD9.31B 9.71 5.77
ARX:CA ARC Resources Ltd

-0.03 (-0.32%)

CAD6.78B 17.65 5.12
WCP:CA Whitecap Resources Inc

-0.15 (-2.44%)

CAD3.87B 9.32 6.98
CPG:CA Crescent Point Energy Corp

-0.09 (-1.69%)

CAD3.09B N/A 10.98
PSK:CA PrairieSky Royalty Ltd

-0.01 (-0.07%)

CAD3.07B 77.21 21.09
VII:CA Seven Generations Energy Ltd

N/A

CAD2.82B 1.96 14.01
PXT:CA Parex Resources Inc

-0.24 (-1.15%)

CAD2.68B 15.60 7.60

ETFs Containing AOI:CA

Symbol Name Weight Mer Price(Change) Market Cap

N/A

Market Performance

  Market Performance vs.
Industry/Classification (Oil & Gas E&P)
Market Performance vs. Exchange
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain 5.31% 13% F 39% F
Dividend Return N/A N/A N/A N/A N/A
Total Return 5.31% 11% F 37% F
Trailing 12 Months  
Capital Gain 9.17% 8% F 28% F
Dividend Return N/A N/A N/A N/A N/A
Total Return 9.17% 8% F 25% F
Trailing 5 Years  
Capital Gain -36.70% 52% F 15% F
Dividend Return N/A N/A N/A N/A N/A
Total Return -36.70% 48% F 13% F
Average Annual (5 Year Horizon)  
Capital Gain -12.48% 37% F 6% F
Dividend Return N/A N/A N/A N/A N/A
Total Return -12.48% 35% F 5% F
Risk Return Profile  
Volatility (Standard Deviation) 19.34% 100% A+ 50% F
Risk Adjusted Return -64.52% 2% F 2% F
Market Capitalization 0.56B 51% F 58% F
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 87%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Key Financial Ratios

  Ratio vs. Industry/Classification
(Oil & Gas E&P)
Ratio vs. Market
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
Market Value  
Price / Earning Ratio 2.97 73% C 90% A-
Price/Book Ratio 0.61 81% B- 93% A
Price / Cash Flow Ratio -105.30 98% A+ 96% A
EV/EBITDA 3.81 88% B+ 90% A-
Management Effectiveness  
Return on Equity 22.43% 92% A- 91% A-
Return on Invested Capital -1.70% 47% F 33% F
Return on Assets -1.04% 47% F 28% F
Debt to Equity Ratio 18.69% 80% B- 75% C
Technical Ratios  
Short Ratio 5.37 24% F 21% F
Short Percent 0.13% 71% C- 79% C+
Beta 1.69 85% B 19% F
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 97%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Annual Financials (CAD)

Quarterly Financials (CAD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

Fundamental Analysis Breakdown

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Low volatility

The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.

Underpriced compared to book value

The stock is trading low compared to its peers on a price to book value basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Superior return on equity

The company management has delivered better return on equity in the most recent 4 quarters then its peers, placing it in the top quartile.

Low debt

The company is less leveraged than its peers ,, and is among the top quartile, which makes it more flexible. However, do check the news and look at its sector. Sometimes this is low because the company is not growing and has no growth potential.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

Underpriced on free cash flow basis

The stock is trading low compared to its peers on a price to free cash flow basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Superior Earnings Growth

This stock has shown top quartile earnings growth in the previous 5 years compared to its sector.

What to not like:
Poor risk adjusted returns

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.

Below median dividend returns

The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.

Negative cashflow

The company had negative total cash flow in the most recent four quarters.