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Fossil Fuels / Oil & Gas / Oil & Gas Exploring & Prod. DETAILED STOCK REPORT
Report Date: 26 April 2020
Last Close Avg Daily Vol 52-Week High Trailing PE Annual Div ROE LTG Forecast 1-Mo Return
0.45 (MYR) 147M 1.15 5.2 -- 12.0% -- 43.5%
24 April 2020 Market Cap 52-Week Low Forward PE Dividend Yield Annual Rev Inst Own 3-Mo Return
MALAYSIA Exchange
707M 0.25 3.7 -- 894M 24.6% -52.9%
AVERAGE SCORE
NEUTRAL OUTLOOK: HIBISCS's current score Score Averages
is relatively in-line with the market. Oil & Gas Group: 4.3 Small Market Cap: 5.2
Fossil Fuels Sector: 4.4 FBM KLCI Index: 6.1
Average Score Trend (4-Week Moving Avg) Peers -6M -3M -1M -1W Current 1Y Trend
Positive PETRONM 9 8 7 8 8
HENGYUAN 2 2 4 5 4
Neutral HIBISCS 7 7 4 4 4
VELESTO 5 2 3 3 3
Negative
REACH 4 3 2 2 2
APR-2017 APR-2018 APR-2019 APR-2020
BUSINESS SUMMARY
Hibiscus Petroleum Berhad is engaged in the exploration, development and production of oil and gas, investment holding and the provision of project
management, technical and other services relating to the oil and gas exploration and production industry. The Company's segments include Investment
holding and group activities, which includes investment in companies owning/operating oil and gas concessions; Lime, which includes its investments
and operations in the exploration assets of the Lime Group; 3D Oil, VIC/L31 & VIC/P57, which includes its operations in the production license,
VIC/L31, for the West Seahorse field and other exploration prospects in Australia within exploration permit, VIC/P57, and investment in three
dimensional (3D) Oil; Anasuria, which includes investments and operations in a geographically focused package of operated producing fields, and
HIREX, which is involved in planning and existing investments in exploration assets within the Asia Pacific region.
Page 1 of 11
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HIBISCUS PETROLEUM (HIBISCS-KU)
Fossil Fuels / Oil & Gas / Oil & Gas Exploring & Prod. DETAILED STOCK REPORT
Report Date: 26 April 2020
INDICATOR COMPONENTS
The AVERAGE SCORE combines the quantitative analysis of five widely-used investment decision making tools: Earnings,
Fundamental, Relative Valuation, Risk, and Price Momentum. A simple average of the underlying component ratings is normally
distributed to rank stocks on a 1-10 scale (10 being awarded to the most favorable). These factors may be evaluated differently using
alternative methodologies and the importance of individual factors varies across industries, market capitalization and investment styles.
Additional criteria should always by used to evaluate a stock.
PEER COMPANIES
PETDAG Petronas Dagangan HENGYUAN Hengyuan Refining Co
DIALOG Dialog Group KUB KUB Malaysia
SERBADK Serba Dinamik Holdings ENRA ENRA Group
VELESTO Velesto Energy STRAITS Straits Inter Logistics
PETRONM Petron Malaysia Refining REACH Reach Energy
Page 2 of 11
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HIBISCUS PETROLEUM (HIBISCS-KU)
Fossil Fuels / Oil & Gas / Oil & Gas Exploring & Prod. DETAILED STOCK REPORT
Report Date: 26 April 2020
Earnings Score Trend (4-Week Moving Avg) Peers -6M -3M -1M -1W Current 1Y Trend
Positive VELESTO 9 5 7 9 9
REACH 8 8 7 7 7
Neutral PETRONM 7 4 1 1 3
HIBISCS 3 5 1 1 1
Negative
HENGYUAN NR NR NR NR NR
APR-2017 APR-2018 APR-2019 APR-2020
EARNINGS INDICATORS
Earnings Surprises Estimate Revisions Recommendation Changes
(33.3% weight) (33.3% weight) (33.3% weight)
VELESTO
HIBISCS
REACH PETRONM
PETRONM REACH
VELESTO
PETRONM
HIBISCS
HIBISCS
0.40
Current Price Price Target
(MYR)
Page 3 of 11
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HIBISCUS PETROLEUM (HIBISCS-KU)
Fossil Fuels / Oil & Gas / Oil & Gas Exploring & Prod. DETAILED STOCK REPORT
Report Date: 26 April 2020
0.000
2018 2019 2020 2021
EARNINGS SURPRISES
Comparing a company's actual earnings to the mean expectation of Surprise Detail (Last 6 Periods)
analysts results in a difference referred to as a 'positive' or 'negative'
surprise. Research has shown that when a company reports a Surprise Announce Period End Actual Mean Surprise
surprise, it is often followed by more of the same surprise type. Type Date Date EPS EPS (%)
Surprise Summary (Last 6 Years) Negative 20/08/19 30/06/19 0.145 0.171 -15.2%
Negative 29/08/18 30/06/18 0.020 0.058 -65.5%
Surprise Type Amount Percent
Positive Years (> 2%) 0 --
Negative Years (< -2%) 2 100.0%
In-Line Years (within 2%) 0 --
ANNUAL REVENUE
A pattern of increasing sales in Actuals Estimates
conjunction with a rising EPS may
influence a buy recommendation, while 1.2B
988.3M HIGH 2020 2021
flat or falling sales and faltering 1.0B
earnings may explain a sell MEAN Mean 846.5M 932.6M
recommendation. A rising EPS with flat 800.0M LOW High 951.0M 1.1B
or falling sales may result from
increased cost efficiency and margins, 600.0M
Low 715.0M 782.0M
rather than market expansion. This 394.3M Forecasted Growth -14.3% -5.6%
chart shows the sales forecast trend of 400.0M
# of Analysts 3 3
all analysts and the highest and lowest
projections for the current and next 200.0M
2018 2019 2020 2021
fiscal year.
Page 4 of 11
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HIBISCUS PETROLEUM (HIBISCS-KU)
Fossil Fuels / Oil & Gas / Oil & Gas Exploring & Prod. DETAILED STOCK REPORT
Report Date: 26 April 2020
FUNDAMENTAL
POSITIVE OUTLOOK: Strong fundamentals Fundamental Score Averages
such as high profit margins, low debt levels, or Oil & Gas Group: 6.0 Small Market Cap: 5.3
growing dividends. Fossil Fuels Sector: 5.7 FBM KLCI Index: 5.8
Q2 Q3 Q4 Q1
Fundamental Score Trend Peers 2019 2019 2019 2020 Current 3Y Trend
PETRONM 9 8 8 NR 10
Positive
HIBISCS 10 10 10 NR 8
Neutral HENGYUAN 4 4 4 NR 7
Negative VELESTO 5 6 8 NR 6
Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 REACH 5 4 5 NR 2
2017 2018 2019
FUNDAMENTAL INDICATORS
Profitability Debt Earnings Quality Dividend
(25% weight) (25% weight) (25% weight) (25% weight)
HIBISC… HENGY…
PETRO… PETRO…
VELEST… PETRO…
HIBISC… REACH
PETRO… VELEST… VELEST… HENGY…
HENGY… HIBISC…
HENGY…
REACH
REACH
HIBISC…
REACH
VELEST…
Revenue Growth 13.9% Current Ratio 0.9 Oper. Cash Yield 109.2% Dividend Growth --
For year over year For interim period For latest 12 months For year over year
ending 12-2019 ending 12-2019 ending 12-2019 ending --
Gross Margin 63.3% Debt-to-Capital 0.3% Accruals 9.1% Dividend Payout --
For latest 12 months For annual period For latest 12 months For latest 12 months
ending 12-2019 ending 06-2019 ending 06-2019 ending --
Return On Equity 12.0% Interest Funding 50.5% Days Sales In Inv. 68.8 Dividend Coverage --
For interim period For interim period For annual period For annual period
ending 12-2019 ending 09-2019 ending 06-2019 ending --
Net Margin 16.5% Interest Coverage 10.5 Days Sales In Rec. 72.2 Current Div. Yield --
For latest 12 months For interim period For annual period For latest 12 months
ending 12-2019 ending 12-2019 ending 06-2019 ending --
HIGHLIGHTS
- The Fundamental Rating for Hibiscus Petroleum declined significantly - HIBISCS's operating cash yield of 109.2% is substantially below the
over the last quarter from 10 to 8. The average Fundamental Rating Oil & Gas industry group average of 202.9%.
for its Oil & Gas industry group is 6.0 and the FTSE BURSA - Hibiscus Petroleum does not currently pay a dividend. Of 9 firms
MALAYSIA COMPOSITE index average is 5.9. within the Oil & Gas industry group, it is among the 6 companies
- The gross margin of 63.3% for HIBISCS is the highest within its Oil & without a dividend.
Gas industry group.
- The company's interest funding has been lower than its industry group
average for each of the past five years.
Page 5 of 11
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HIBISCUS PETROLEUM (HIBISCS-KU)
Fossil Fuels / Oil & Gas / Oil & Gas Exploring & Prod. DETAILED STOCK REPORT
Report Date: 26 April 2020
RELATIVE VALUATION
POSITIVE OUTLOOK: Multiples significantly Relative Valuation Score Averages
below the market or the stock's historic norms. Oil & Gas Group: 6.3 Small Market Cap: 5.9
Fossil Fuels Sector: 7.4 FBM KLCI Index: 2.6
Relative Valuation Score Trend (4-Week Moving Avg) Peers -6M -3M -1M -1W Current 1Y Trend
Positive HIBISCS 9 8 10 10 10
PETRONM 10 10 10 10 10
Neutral REACH 7 7 8 8 8
HENGYUAN 3 2 3 3 3
Negative
VELESTO 1 1 2 2 2
APR-2017 APR-2018 APR-2019 APR-2020
HIBISCS
VELESTO
VELESTO
HENGYUA…
VELESTO
HIGHLIGHTS
- Hibiscus Petroleum currently has a Relative Valuation Rating of 10 - HIBISCS's current Trailing P/E of 5.2 represents a 78% Discount to its
which is significantly above the FTSE BURSA MALAYSIA Oil & Gas industry group average.
COMPOSITE index average rating of 2.8. - HIBISCS's current Forward P/E of 3.7 represents a 83% Discount to
- The company's Price to Sales, Trailing P/E, and Forward P/E multiples its Oil & Gas industry group average.
are all currently at or near their 5-year lows.
- Based on Price to Sales, HIBISCS currently trades at a 43% Premium
to its Oil & Gas industry group peers. On average, the company has
traded at a >100% Premium over the past five years.
Page 6 of 11
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HIBISCUS PETROLEUM (HIBISCS-KU)
Fossil Fuels / Oil & Gas / Oil & Gas Exploring & Prod. DETAILED STOCK REPORT
Report Date: 26 April 2020
Page 7 of 11
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HIBISCUS PETROLEUM (HIBISCS-KU)
Fossil Fuels / Oil & Gas / Oil & Gas Exploring & Prod. DETAILED STOCK REPORT
Report Date: 26 April 2020
RISK
NEGATIVE OUTLOOK: Variable return patterns Risk Score Averages
(high volatility). Oil & Gas Group: 4.8 Small Market Cap: 4.9
Fossil Fuels Sector: 3.5 FBM KLCI Index: 9.0
Risk Score Trend (4-Week Moving Avg) Peers -6M -3M -1M -1W Current 1Y Trend
Positive PETRONM 7 7 7 7 7
HENGYUAN 5 7 6 6 6
Neutral HIBISCS 4 2 3 3 3
VELESTO 4 3 3 3 3
Negative
REACH 2 1 1 1 1
APR-2017 APR-2018 APR-2019 APR-2020
RISK INDICATORS
Magnitude of Returns Volatility Beta (1-year) Correlation
(25% weight) (25% weight) (25% weight) (25% weight)
HIBISC…
PETRO…
PETRO…
HENGY…
PETRO… HENGY… VELEST…
VELEST…
HENGY… HIBISC… HENGY…
PETRO…
REACH
VELEST… HIBISC…
VELEST… REACH
REACH REACH
HIBISC…
Daily Returns (Last 90 Days) Standard Deviation Beta vs. FBM KLCI 3.07 Correlation vs. FBM KLCI
Best 28.4% Last 90 Days 8.58 Positive Days Only 3.09 Last 90 Days 73%
Worst -42.3% Last 60 Months 16.85 Negative Days Only 3.72 Last 60 Months 20%
Monthly Returns (Last 60 Months) Intra-Day Swing (Last 90 Days) Beta vs. Group 1.55 Correlation vs. Group
Best 53.6% Average 6.9% Positive Days Only 1.61 Last 90 Days 95%
Worst -60.2% Largest 24.4% Negative Days Only 1.62 Last 60 Months 68%
Page 8 of 11
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HIBISCUS PETROLEUM (HIBISCS-KU)
Fossil Fuels / Oil & Gas / Oil & Gas Exploring & Prod. DETAILED STOCK REPORT
Report Date: 26 April 2020
Price Momentum Score Trend (4-Week Moving Avg) Peers -6M -3M -1M -1W Current 1Y Trend
Positive PETRONM 3 4 3 5 3
HENGYUAN 2 2 2 4 2
Neutral HIBISCS 5 7 1 1 1
REACH 3 2 1 1 1
Negative
VELESTO 8 4 1 1 1
APR-2017 APR-2018 APR-2019 APR-2020
PETRONM PETRONM
HENGYUA… HENGYUA…
HIBISCS HIBISCS
REACH REACH
VELESTO VELESTO
Relative Strength Indicator (Scale from 1 to 100) Average Monthly Return (Last 10 Years)
HIBISCS Industry Avg APR MAY JUN
Last 1 Month 43 41 Company Avg 0.0% -1.6% -1.0%
Last 3 Months 41 40 Industry Avg -- -- --
Last 6 Months 42 42 Industry Rank -- -- --
PRICE PERFORMANCE
Daily close prices are used to calculate the HIBISCS HIBISCS FBM Mid
performance of the stock as compared to a
FBM Mid Close Price (24/04/20) 0.45 11,449
relevant index over five time periods.
52-Week High 1.15 14,951
-7.3%
1-Week 52-Week Low 0.25 9,194
0.5%
-62%
1-Year
-21.7%
Page 9 of 11
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HIBISCUS PETROLEUM (HIBISCS-KU)
Fossil Fuels / Oil & Gas / Oil & Gas Exploring & Prod. DETAILED STOCK REPORT
Report Date: 26 April 2020
Page 10 of 11
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HIBISCUS PETROLEUM (HIBISCS-KU)
Fossil Fuels / Oil & Gas / Oil & Gas Exploring & Prod. DETAILED STOCK REPORT
Report Date: 26 April 2020
Valuation Averages
Negative values are excluded when calculating the averages. A maximum value of
100 is placed on Trailing P/E and Forward P/E, a maximum value of 5 is placed on
Forward PEG, and a maximum value of 20 is placed on Price to Sales when
calculating the averages. Higher values are rounded down to the maximum for the
averages.
Valuation Multiples
The valuation multiples provide the Trailing P/E, Forward P/E, Forward PEG, and
Price to Sales for the company and the S&P 500 index average. In addition, a
comparison of the current company’s values to its 5-year average and an industry
average are presented. A discount occurs when the company’s ratio is valued
more favorably (lower) than that to which it is compared.
Risk
The Risk Rating displays stocks on a scale of 1 to 10 with 10 being awarded to the
least risky stocks. It is derived by looking at a series of long-term (5-year) and
short-term (90-day) stock performance measures including volatility, magnitude of
returns, beta, and correlation. Each factor is equally weighted. Then, equal deciles
are used to rank each stock across the market. A stock needs to have at least two
of the four risk factors in order to receive a score.
● Magnitude of Returns – The best / worst daily returns in the past 90 days and the
best / worst monthly returns in the past 60 months.
● Volatility – The standard deviation of the stock price over the last 90 days and
last 60 months, along with the average and largest intra-day stock swing.
● Beta – Measures the tendency of a security’s returns to respond to swings in the
market, based on the beta of the company versus the relevant index.
● Correlation – Determines how closely the returns of the stock and the relevant
index move together, measured over the last 90 days and last 60 months.
Risk Analysis
Price analysis for the company and the relevant index is provided over two time
periods. Daily analysis is provided for the last 90 days, whereas monthly statistics
are used for the last 60 months.
Price Momentum
The Price Momentum Rating is based on a combination of two technical
performance factors: relative strength (70% weight) and seasonality (30% weight).
After the weightings are considered to combine individual factors, equal deciles are
used to rank each stock across the market on a scale of 1 to 10, with 10 being most
favorable. A stock needs to have data for the relative strength factor in order to
receive a score.
● Relative Strength – The relative strength of the company for the last 1 month, 3
months, and 6 months on a scale of 1 to 100.
● Seasonality – The average monthly return (price performance) for the current
month and next 2 months for the company and industry, over the past 10 years.
A lower industry rank indicates a higher return.
Price Performance
Daily close prices are used to calculate the price performance of the stock. The
performance of the relevant index is also displayed as a means of comparison.
DISCLAIMER
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All information in this report is assumed to be accurate to the best of our ability.
Refinitiv is not liable for any errors or delays in Refinitiv content, or for any actions
taken in reliance on such content.
The content in this Refinitiv report does not constitute investment advice or a
recommendation to buy or sell securities of any kind. Past performance is not a
guarantee of future results. Investors should consider this report as only a single
factor when making an investment decision.
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