Financials Gulf Keystone Petroleum Limited

Equities

Market Closed - London S.E. Other stock markets 11:35:29 2024-04-26 am EDT			5-day change	1st Jan Change
113.5 ^GBX	+2.90%		+1.34%	-12.08%

Mar. 21	EARNINGS AND TRADING: Getech confident; Aukett Swanke makes buy	AN
Mar. 21	Transcript : Gulf Keystone Petroleum Limited, 2023 Earnings Call, Mar 21, 2024

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	616.6	351.8	518.3	525.5	354.7	314.6	-	-
Enterprise Value (EV) ¹	524	302.6	447.5	406	354.7	212.4	93.95	35.12
P/E ratio	15.3 x	-7.46 x	3.32 x	2.05 x	-31.1 x	-8.52 x	2.06 x	4.37 x
Yield	7.73%	-	19.3%	41.1%	-	-	-	-
Capitalization / Revenue	2.98 x	3.24 x	1.72 x	1.14 x	2.87 x	2.76 x	0.98 x	1.12 x
EV / Revenue	2.53 x	2.79 x	1.48 x	0.88 x	2.87 x	1.86 x	0.29 x	0.12 x
EV / EBITDA	4.29 x	5.34 x	2.01 x	1.13 x	7.08 x	6.25 x	0.38 x	0.23 x
EV / FCF	-39.7 x	-14.3 x	3.64 x	1.52 x	-	9.8 x	0.62 x	0.41 x
FCF Yield	-2.52%	-6.98%	27.5%	65.7%	-	10.2%	161%	243%
Price to Book	1.24 x	0.82 x	0.99 x	0.92 x	-	0.56 x	0.41 x	-
Nbr of stocks (in thousands)	218,814	210,171	213,531	216,148	215,848	222,551	-	-
Reference price ²	2.818	1.674	2.427	2.431	1.643	1.414	1.414	1.414
Announcement Date	4/23/20	3/31/21	3/30/22	3/23/23	3/21/24	-	-	-

¹USD in Million²USD

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	206.7	108.4	301.4	460.1	123.5	114.2	322	281.7
EBITDA ¹	122.2	56.7	222.7	358.5	50.1	34	247	153
EBIT ¹	49.03	-33.38	174.6	273.5	-13.04	18.74	161.2	39.3
Operating Margin	23.71%	-30.78%	57.93%	59.45%	-10.56%	16.41%	50.07%	13.95%
Earnings before Tax (EBT) ¹	43.26	-47.03	163.7	265.8	-11.39	-16	152.8	79.25
Net income ¹	43.53	-47.34	164.6	266.1	-11.5	-16	152.8	70.5
Net margin	21.05%	-43.65%	54.61%	57.83%	-9.31%	-14.01%	47.47%	25.03%
EPS ²	0.1837	-0.2245	0.7304	1.186	-0.0528	-0.1660	0.6849	0.3234
Free Cash Flow ¹	-13.2	-21.12	122.8	266.9	-	21.67	151.5	85.5
FCF margin	-6.39%	-19.47%	40.76%	58.02%	-	18.97%	47.06%	30.35%
FCF Conversion (EBITDA)	-	-	55.16%	74.46%	-	63.73%	61.34%	55.88%
FCF Conversion (Net income)	-	-	74.64%	100.32%	-	-	99.12%	121.28%
Dividend per Share ²	0.2179	-	0.4679	0.9995	-	-	-	-
Announcement Date	4/23/20	3/31/21	3/30/22	3/23/23	3/21/24	-	-	-

¹USD in Million²USD

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	92.6	49.2	70.7	119	-	102	221	280
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	-13.2	-21.1	123	267	-	21.7	152	85.5
ROE (net income / shareholders' equity)	8.12%	-	33.7%	48.6%	-	0.22%	31.8%	-
ROA (Net income/ Total Assets)	-	-6.8%	23.1%	-	-	-	-	-
Assets ¹	-	696.2	711.4	-	-	-	-	-
Book Value Per Share ²	2.270	2.050	2.440	2.650	-	2.520	3.480	-
Cash Flow per Share ²	0.3500	0.1700	0.7900	-	0.2400	0.2100	0.5100	0.8900
Capex ¹	96.9	57.9	55.7	107	-	20.7	80.3	115
Capex / Sales	46.88%	53.39%	18.48%	23.33%	-	18.1%	24.93%	40.83%
Announcement Date	4/23/20	3/31/21	3/30/22	3/23/23	3/21/24	-	-	-

¹USD in Million²USD

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

1.414 USD

Average target price

1.932 USD

Spread / Average Target

+36.66%

	1st Jan change	Capi.
GULF KEYSTONE PETROLEUM LIMITED	-12.08%	315M
CHEVRON CORPORATION	+11.22%	306B
CONOCOPHILLIPS	+12.21%	153B
CNOOC LIMITED	+51.38%	124B
CANADIAN NATURAL RESOURCES LIMITED	+22.70%	83.43B
EOG RESOURCES, INC.	+12.20%	78.06B
PIONEER NATURAL RESOURCES COMPANY	+19.56%	62.81B
OCCIDENTAL PETROLEUM CORPORATION	+13.52%	60.08B
HESS CORPORATION	+12.74%	49.91B
DIAMONDBACK ENERGY, INC.	+33.97%	37.05B