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Karoon Energy Ltd ADR KRNGY

Morningstar Rating
$2.32 −0.31 (11.79%)
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About Quantitative Ratings

Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.

Price vs Fair Value

KRNGY is trading at a 444% premium.
Price
$2.31
Fair Value
$1.93
Uncertainty
Very High
1-Star Price
$6.46
5-Star Price
$8.87
Economic Moat
Xgt
Capital Allocation
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Trading Information

Previous Close Price
$2.63
Day Range
$2.322.32
52-Week Range
$1.464.04
Bid/Ask
$2.00 / $2.70
Market Cap
$929.86 Mil
Volume/Avg
830 / 656

Key Statistics

Price/Earnings (Normalized)
Price/Sales
Dividend Yield (Trailing)
Dividend Yield (Forward)
Total Yield

Company Profile

Karoon produces around 8 million barrels of oil annually from its wholly owned Bauna field in Brazil’s offshore Santos basin. The company acquired Bauna from Petrobras in 2020 and has been steadily increasing production via well interventions and new developments. Field life is approaching eight years based on proven and probable 2P reserves of 55 million barrels at end December 2022, though this excludes a further 82 million barrels in 2C contingent resources which which have potential to increase life further. We credit life of approximately 10 years, assuming partial conversion of 2C contingent resources into reserve category with drilling. There are also prospective untested targets within Karoon’s permits which could potentially add further reserves in the medium term.
Sector
Energy
Industry
Oil & Gas E&P
Stock Style Box
Small Value
Total Number of Employees
12

Competitors

Valuation

Metric
KRNGY
WDS
BPT
Price/Earnings (Normalized)
9.267.96
Price/Book Value
1.021.020.94
Price/Sales
2.441.87
Price/Cash Flow
4.833.73
Price/Earnings
KRNGY
WDS
BPT

Financial Strength

Metric
KRNGY
WDS
BPT
Quick Ratio
1.030.720.86
Current Ratio
1.151.031.16
Interest Coverage
9.3512.63−6.33
Quick Ratio
KRNGY
WDS
BPT

Profitability

Metric
KRNGY
WDS
BPT
Return on Assets (Normalized)
13.74%5.81%6.27%
Return on Equity (Normalized)
43.96%9.38%9.66%
Return on Invested Capital (Normalized)
23.42%7.73%8.48%
Return on Assets
KRNGY
WDS
BPT
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