Tullow Oil (TLW)

Sector:

Energy Producers

Index:

FTSE Small Cap

43.96p
   
  • Change Today:
    -0.91p
  • 52 Week High: 64.94
  • 52 Week Low: 14.30
  • Currency: UK Pounds
  • Shares Issued: 1,429.96m
  • Volume: 1,290,651
  • Market Cap: £628.61m
  • RiskGrade: 365

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Dec-20 31-Dec-19 31-Dec-18 31-Dec-17 31-Dec-16
Annualisation Factor 1.0 1.0 1.0 1.0 1.0
Dividend Yield 0.0% 2.7% 2.0% 0.0% 0.0%
           
Continuing Operations          
PE Ratio - Adjusted n/a n/a 40.2 n/a 8.3
PE Ratio - Diluted n/a
n/a
n/a
n/a
41.5
9.3
n/a
7.2
n/a
6.6
PEG - Adjusted n/a n/a n/a n/a n/a
PEG - Diluted n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
0.5
Return on Capital Employed n/a
n/a
n/a
n/a
8.90%
13.85%
0.38%
11.44%
n/a
5.70%
Operating Margin (72.95%)
(72.95%)
(82.41%)
(82.41%)
28.55%
44.44%
1.38%
41.80%
(58.00%)
35.07%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted n/a n/a 40.2 n/a 8.3
PE Ratio - Diluted n/a
n/a
n/a
n/a
41.5
9.3
n/a
7.2
n/a
6.4
PEG - Adjusted n/a n/a n/a n/a n/a
PEG - Diluted n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
0.2

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Dec-20 31-Dec-19 31-Dec-18 31-Dec-17 31-Dec-16
Net Gearing n/a 282.93% 105.05% 122.78% 210.66%

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Dec-20 31-Dec-19 31-Dec-18 31-Dec-17 31-Dec-16
Price/Book Value n/a n/a n/a n/a n/a
Price/Tangible Book Value n/a n/a n/a n/a n/a
Price/ Cash Flow n/a n/a n/a n/a n/a
Price/Revenue n/a n/a n/a n/a n/a
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) (40.99p) (55.68p) 71.50p 60.88p 23.76p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Dec-20 31-Dec-19 31-Dec-18 31-Dec-17 31-Dec-16
Continuing Operations          
Revenue 1,396.10 1,682.60 1,859.20 1,722.50 1,269.90
EBITDA (551.40)
(551.40)
(662.00)
(662.00)
1,114.90
1,410.40
616.00
1,312.20
(736.50)
445.30
Depreciation (467.10)
(467.10)
(724.60)
(724.60)
(584.10)
(584.10)
(592.20)
(592.20)
n/a
n/a
Net Interest (254.90)
(254.90)
(266.80)
(266.80)
(270.30)
(270.30)
(309.70)
(309.70)
(171.80)
(171.80)
Profit Before Tax (1,273.40)
(1,273.40)
(1,653.40)
(1,653.40)
260.50
556.00
(285.90)
410.30
(908.30)
261.20
           
Revenue per Share 98.97p 120.00p 133.65p 133.92p 139.25p
Pre-Tax Profit per Share (90.27p)
(90.27p)
(117.92p)
(117.92p)
18.73p
39.97p
(22.23p)
31.90p
(99.60p)
28.64p
Market Capitalisation £ (Millions) 418.28 901.05 2,495.65 2,864.65 2,435.31
Enterprise Value (EV) £ (Millions) 2,662.48 3,000.45 3,765.35 4,770.15 5,509.21
EBITDA/EV (20.71%)
(20.71%)
(22.06%)
(22.06%)
29.61%
37.46%
12.91%
27.51%
(13.37%)
8.08%
Operating Margin (72.95%)
(72.95%)
(82.41%)
(82.41%)
28.55%
44.44%
1.38%
41.80%
(58.00%)
35.07%
Capital Employed £ (Millions) 3,886.50 3,837.90 5,966.00 6,292.20 7,595.70
Return on Capital Employed n/a
n/a
n/a
n/a
8.90%
13.85%
0.38%
11.44%
n/a
5.70%
Invested Equity Capital £ (Millions) 1,084.20 2,530.60 4,645.50 4,608.80 4,629.20
           
Earnings per Share - Basic (86.60¢)
(86.59¢)
(120.80¢)
(120.82¢)
6.10¢
27.34¢
(13.70¢)
40.42¢
(47.52¢)
62.46¢
Earnings per Share - Diluted (86.60¢)
(82.64¢)
(120.80¢)
(117.25¢)
5.90¢
26.43¢
(13.70¢)
39.08¢
(47.52¢)
55.14¢
Earnings per Share - Adjusted (86.60)¢ (120.80)¢ 6.10¢ (13.70)¢ 43.81¢
Earnings per Share Growth - Basic n/a
n/a
n/a
n/a
n/a
-32%
n/a
-35%
n/a
25%
Earnings per Share Growth - Diluted n/a
n/a
n/a
n/a
n/a
-32%
n/a
-29%
n/a
13%
Earnings per Share Growth - Adjusted n/a n/a n/a n/a n/a
PE Ratio - Diluted n/a
n/a
n/a
n/a
41.5
9.3
n/a
7.2
n/a
6.6
PEG - Diluted n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
0.5
Tax Rate 4.08% (2.46%) 67.22% 38.68% 34.24%
Dividend Cover n/a
n/a
(51.40)
(51.41)
1.27
5.70
n/a
n/a
n/a
n/a
Interest Cover (3.05)
(3.05)
(4.13)
(4.13)
1.79
2.69
0.19
2.17
(3.58)
2.32
           
Continuing & Discontinued Operations          
Earnings per Share - Basic (86.60¢)
(86.59¢)
(120.80¢)
(120.82¢)
6.10¢
27.34¢
(13.70¢)
40.42¢
(47.52¢)
64.18¢
Earnings per Share - Diluted (86.60¢)
(82.64¢)
(120.80¢)
(117.25¢)
5.90¢
26.43¢
(13.70¢)
39.08¢
(47.52¢)
56.66¢
Earnings per Share - Adjusted (86.60¢) (120.80¢) 6.10¢ (13.70¢) 43.81¢
Earnings per Share Growth - Basic n/a
n/a
n/a
n/a
n/a
-32%
n/a
-37%
n/a
46%
Earnings per Share Growth - Diluted n/a
n/a
n/a
n/a
n/a
-32%
n/a
-31%
n/a
33%
Earnings per Share Growth - Adjusted n/a n/a n/a n/a n/a
PE Ratio - Diluted n/a
n/a
n/a
n/a
41.5
9.3
n/a
7.2
n/a
6.4
PEG - Diluted n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
n/a
0.2
Dividend Cover n/a
n/a
(51.40)
(51.41)
1.27
5.70
n/a
n/a
n/a
n/a
Return on Equity (ROE) (112.66%)
(112.66%)
(66.94%)
(66.94%)
1.83%
8.19%
(3.83%)
11.28%
(12.96%)
12.64%
Operating Cash Flow per Share 49.52p 89.77p 86.55p 95.08p 56.20p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 36.24p 8.08p (7.60p) (0.11p) (6.08p)
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share n/a 2.35¢ 4.80¢ n/a n/a
Dividend per Share Growth n/a (51.04%) n/a n/a n/a
Dividend Yield 0.0% 2.7% 2.0% 0.0% 0.0%
Shareholders Funds (210.00) 983.60 2,893.20 2,706.00 2,230.10
Net Borrowings £ (Millions) 2,365.10 2,782.90 3,039.30 3,322.40 4,698.00
Net Asset Value per Share (inc. Intangibles) (40.99p) (55.68p) 71.50p 60.07p 22.40p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Dec-20 31-Dec-19 31-Dec-18 31-Dec-17 31-Dec-16
Shareholders' Funds inc Intangibles (210.00) 983.60 2,893.20 2,706.00 2,230.10
Net Borrowings £ (Millions) 2,365.10 2,782.90 3,039.30 3,322.40 4,698.00
Net Gearing n/a 282.93% 105.05% 122.78% 210.66%
Cash & Near Cash 805.40 288.80 179.80 284.00 281.90
Cash (383.52%) 29.36% 6.21% 10.50% 12.64%
Gross Borrowings 3,170.50 3,071.70 3,219.10 3,606.40 4,979.90
Gross Gearing 1,509.76% 312.29% 111.26% 133.27% 223.30%
Borrowings Under 5 years 3,170.50 3,071.70 3,219.10 3,606.40 4,979.90
Under 5 years (1,509.76%) 312.29% 111.26% 133.27% 223.30%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - exc Intangibles 31-Dec-20 31-Dec-19 31-Dec-18 31-Dec-17 31-Dec-16
Shareholders' Funds exc Intangibles (578.20) (780.80) 994.60 772.60 204.30
Net Borrowings £ (Millions) 2,365.10 2,782.90 3,039.30 3,322.40 4,698.00
Net Gearing n/a n/a 305.58% 430.03% 2,299.56%
Cash & Near Cash 805.40 288.80 179.80 284.00 281.90
Cash (139.29%) (36.99%) 18.08% 36.76% 137.98%
Gross Borrowings 3,170.50 3,071.70 3,219.10 3,606.40 4,979.90
Gross Gearing 548.34% 393.40% 323.66% 466.79% 2,437.54%
Borrowings Under 5 years 3,170.50 3,071.70 3,219.10 3,606.40 4,979.90
Under 5 years (548.34%) (393.40%) 323.66% 466.79% 2,437.54%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Cover 31-Dec-20 31-Dec-19 31-Dec-18 31-Dec-17 31-Dec-16
Quick Ratio 0.41 0.88 1.54 1.59 1.40
Current Ratio 0.43 1.01 1.63 1.72 1.49

Key

* GAAP

a. Includes discontinued activities

b. Based on operating cash flow before tax

c. Not disclosed under IFRS

d. Includes non-current assets

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Normalised ratios are shown in blue text

Note 6: Forecast figures based on normalised accounts.

 

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