Tullow Oil (TLW)

Company name:	Tullow Oil Plc
Company Description:	A group engaged in oil and gas exploration development and production
EPIC:	TLW	Trading Currency:	GBX
Market Sector:	F25T	ISIN:	GB0001500809
Market Segment:	STMM	Share Type:	DE
WWW Address:	http://www.tullowoil.ie/	Description:	ORD 10P
Industry Sector:	OIL & GAS PRODUCERS

Price	Price Change [%]	Bid	Offer	Open	High	Low	Volume
35.58	0.9 [2.60]	35.34	35.44	34.86	35.84	34.46	8,492,942
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
511.64	1,438.00	0.10	-4.66	-	-	-	63.52 - 33.84

Tullow Oil Key Figures

(at previous day's close)
Market Cap.	511.64	m
Shares In Issue	1,438.00	m
Prev. Close	34.68
PE Ratio	-
Dividend Yield	-	%
EPS - basic	-4.66	p
Dividend PS	-	p
Dividend Cover	-
Cash Flow PS	40.47	p
Return On Equity (ROE)	-	%
Operating Margin	15.92	%
PEG Factor	-
EPS Growth Rate	93.42	%
Dividends PS Growth Rate	-	%
Net Debt	4,094.90	m
Gross Gearing	108.41	%
Quick Assets	1,218.28	m
Net Working Capital	324.41	m
Intangibles / Fixed Assets	9.44	%
Turnover PS	65.47	p
Pre-Tax Profit PS	10.42	p
Retained Profit PS	-4.15	p
Cash PS	24.12	p
Net Cash PS	-44.97	p
Net Tangible Asset Value PS *	-42.20	p
Net Asset Value PS	-23.97	p
Spread	0.10 (0.28%)
* Calculation based on Ordinary Capital figure as contained in last annual report, and the most recent shares in issue figure. Therefore the ratio might be exposed to inaccuracies.

Tullow Oil Balance Sheet

Share Price Performance

Sample Period ^†	High	Low
1 week	39.00	33.84
4 weeks	39.68	33.84
12 weeks	49.26	33.84
1 year	63.52	33.84

Share Price Chart (5 years)

Tullow Oil Historic Returns

Period ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	37.00	-1.42	-3.84	33.84	9.20		36.28
4 weeks	35.64	-0.06	-0.17	33.84	6.51		36.86
12 weeks	45.80	-10.22	-22.31	33.84	6.04		38.83
26 weeks	52.25	-16.67	-31.90	33.84	5.93		42.74
1 year	50.00	-14.42	-28.84	33.84	7.80		48.48
3 years	50.42	-14.84	-29.43	7.17	14.54		35.67
5 years	194.80	-159.22	-81.74	7.17	12.58		76.86
† periods calculated are whole weeks rather than calendar months

Tullow Oil Key Management Ratios

Tullow Oil Investment Ratios

(Market value analysis) at previous day's close
PQ Ratio	1.12
PE Ratio	-
Tobin's Q Ratio	0.08
Tobin's Q Ratio (excl. intangibles)	0.09
Dividend Yield	-	%
Market-to-Book Ratio	-1.48
Price-to-Pre-Tax Profit PS	3.41
Price-to-Retained Profit PS	-8.57
Price-to-Cash Flow PS	0.88
Price-to-Sales PS	0.54
Price-to-Net Tangible Asset Value PS	-0.84
Price-to-Cash PS	1.47
Net Working Capital PS	22.56
Price Pct to Working Capital PS	1.58	%
Earnings Yield	-	%
Average PE	29.36
Years in average	1
PE to PE average	-	%

Tullow Oil Financial Ratios

(Leverage Ratios)
Debt Ratio	111.11	%
Debt-to-Equity Ratio	-10.00
Debt-to-Equity Ratio (excl. Intgbl)	-5.68
Debt-to-Equity Market Value	6.74
Net Gearing	99.95	%
Net Gearing (excl. Intangibles)	106.78	%
Gross Gearing	108.41	%
Gross Gearing (excl. Intangibles)	115.83	%
Gearing Under 1 Year	24.25	%
Gearing Under 1 Year (excl. Intgbl)	25.91	%
Assets/Equity	-11.89
Cash/Equity	-100.64
(Liquidity Ratios)
Net Working Capital to Total Assets	7.92	%
Current Ratio	1.33
Quick Ratio (Acid Test)	1.23
Liquidity Ratio	0.35
Cash & Equiv/Current Assets	26.32	%
(Solvency Ratios)
Enterprise Value	3,612.99	m
CFO/Sales	0.62
CFO/Attributable Profit	-
CFO/Assets	0.14
CFO/Debt	0.13
Total Debt/Equity Market Value	8.68
Total Debt/Sales	4.72
Total Debt/Pre-Tax Profit	29.63
Total Debt	4,441.79	m
Total Debt/Net Current Assets	13.69	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	-63.86	%
5 yr Compound Earnings Growth	-17.26	%
10 yr Compound Earnings Growth	-	%
Earn drops > 5% in 10yrs	7

Beta (60-Mnth)	Beta (36-Mnth)
0.0995	0.0319

Tullow Oil Operating Ratios

(Profitability Ratios)
Return On Capital Employed (ROCE)	4.83	%
Return On Assets (ROA)	-0.99	%
Net Profit Margin	-6.34	%
Assets Turnover	0.16
Return On Equity (ROE)	-	%
Return On Investment (ROI)	-1.88	%
Dividend Payout Ratio	-	%
Plowback Ratio	100.00	%
Growth from Plowback Ratio	-	%
Net Income Of Revenues	-6.34	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	-2.79
Fixed Assets Turnover	0.24
Current Assets Turnover	0.45
Net Working Capital Turnover
Inventory Turnover	8.16
(Other Operating Ratios)
Total Assets-to-Sales	6.42
Debtors-to-Sales	57.55	%
Debt Collection Period	210.05	Days

Tullow Oil Dividends

Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
23 Jul 2019	Interim	USX	2.35	30/12/2018	30/06/2019	29/08/2019	30/08/2019	04/10/2019	2.35
30 Jul 2014	Interim	GBX	4.00	30/12/2013	30/06/2014	27/08/2014	29/08/2014	03/10/2014	4.00
12 Feb 2014	Final	GBX	8.00	31/12/2012	31/12/2013	02/04/2014	04/04/2014	09/05/2014	12.00
31 Jul 2013	Interim	GBX	4.00	31/12/2012	31/12/2013	28/08/2013	30/08/2013	03/10/2013	-
13 Feb 2013	Final	GBX	8.00	31/12/2011	31/12/2012	17/04/2013	19/04/2013	16/05/2013	12.00
25 Jul 2012	Interim	GBX	4.00	31/12/2011	31/12/2012	05/09/2012	07/09/2012	04/10/2012	-
14 Mar 2012	Final	GBX	8.00	31/12/2010	31/12/2011	18/04/2012	20/04/2012	24/05/2012	12.00
24 Aug 2011	Interim	GBX	4.00	31/12/2010	31/12/2011	28/09/2011	30/09/2011	03/11/2011	-
09 Mar 2011	Final	GBX	4.00	31/12/2009	31/12/2010	13/04/2011	15/04/2011	20/05/2011	6.00
25 Aug 2010	Interim	GBX	2.00	31/12/2009	31/12/2010	29/09/2010	01/10/2010	04/11/2010	-
10 Mar 2010	Final	GBX	4.00	31/12/2008	31/12/2009	14/04/2010	16/04/2010	21/05/2010	6.00
26 Aug 2009	Interim	GBX	2.00	31/12/2008	31/12/2009	30/09/2009	02/10/2009	06/11/2009	-
13 Mar 2009	Final	GBX	4.00	31/12/2007	31/12/2008	15/04/2009	17/04/2009	21/05/2009	6.00
27 Aug 2008	Interim	GBX	2.00	30/12/2007	30/06/2008	01/10/2008	03/10/2008	06/11/2008	-
12 Mar 2008	Final	GBX	4.00	31/12/2006	31/12/2007	16/04/2008	18/04/2008	21/05/2008	6.00
19 Mar 2007	Final	GBX	3.50	31/12/2005	31/12/2006	02/05/2007	04/05/2007	06/06/2007	5.50
06 Sep 2006	Interim	GBX	2.00	30/12/2005	30/06/2006	27/09/2006	29/09/2006	07/11/2006	-
29 Mar 2006	Final	GBX	3.00	31/12/2004	31/12/2005	10/05/2006	12/05/2006	07/06/2006	4.00
13 Sep 2005	Interim	GBX	1.00	30/12/2004	30/06/2005	05/10/2005	07/10/2005	09/11/2005	-
12 Apr 2005	Final	GBX	1.25	31/12/2003	31/12/2004	01/06/2005	03/06/2005	08/07/2005	1.75
13 Sep 2004	Interim	GBX	0.50	31/12/2003	31/12/2004	06/10/2004	08/10/2004	09/11/2004	-
13 May 2004	Interim	GBX	1.00	31/12/2003	31/12/2004	19/05/2004	21/05/2004	09/07/2004	-
04 May 2004	Final	GBX	1.00	31/12/2002	31/12/2003	19/05/2004	21/05/2004	21/05/2004	2.00
09 Oct 2003	Interim	GBX	1.00	31/12/2002	31/12/2003	15/10/2003	17/10/2003	07/11/2003	-

Tullow Oil Fundamentals

	31 Dec 2018 (USD)		31 Dec 2019 (USD)		31 Dec 2020 (USD)		31 Dec 2021 (USD)
turnover	1,859.20	100.00%	1,682.60	100.00%	1,396.10	100.00%	1,273.20	100.00%	m
pre tax profit	260.50	14.01%	-1,653.40	-98.26%	-1,273.40	-91.21%	202.70	15.92%	m
attributable profit	84.80	4.56%	-1,694.10	-100.68%	-1,221.50	-87.49%	-80.70	-6.34%	m
retained profit	84.80	4.56%	-1,694.10	-100.68%	-1,221.50	-87.49%	-80.70	-6.34%	m
eps - basic	6.10		-120.80		-86.60		-5.70
eps - diluted	5.90		-120.80		-86.60		-5.70
dividends per share	-		-		-		-

Tullow Oil Balance Sheet

	31 Dec 2018 (USD)		31 Dec 2019 (USD)		31 Dec 2020 (USD)		31 Dec 2021 (USD)


	31 Dec 2018 (USD)		31 Dec 2019 (USD)		31 Dec 2020 (USD)		31 Dec 2021 (USD)
ASSETS
fixed assets	4,916.40	46.23%	3,891.70	46.94%	3,237.90	49.38%	2,914.60	52.60%	m
intangibles	1,898.60	17.85%	1,764.40	21.28%	368.20	5.62%	354.60	6.40%	m
fixed investments	827.30	7.78%	627.00	7.56%	567.20	8.65%	489.10	8.83%	m
current assets - other	1,809.20	17.01%	928.70	11.20%	872.70	13.31%	704.50	12.72%	m
stocks	134.80	1.27%	191.50	2.31%	96.10	1.47%	134.80	2.43%	m
debtors	869.30	8.17%	599.10	7.23%	609.70	9.30%	473.90	8.55%	m
cash & securities	179.80	1.69%	288.80	3.48%	805.40	12.28%	469.10	8.47%	m

TOTAL	10,635.40	100%	8,291.20	100%	6,557.20	100%	5,540.60	100%	m

LIABILITIES
creditors - short	1,488.50	14.00%	1,474.80	17.79%	4,408.30	67.23%	1,343.60	24.25%	m
creditors - long	6,253.70	58.80%	5,832.80	70.35%	2,358.90	35.97%	4,663.10	84.16%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	7,742.20	72.80%	7,307.60	88.14%	6,767.20	103.20%	6,006.70	108.41%	m

EQUITY
ord cap, reserves	2,893.20	27.20%	983.60	11.86%	-210.00	-3.20%	-466.10	-8.41%	m
prefs, minorities	-	-%	-	-%	-	-%	-	-%	m

TOTAL	2,893.20	27.20%	983.60	11.86%	-210.00	-3.20%	-466.10	-8.41%	m

OTHER
NAV Basic	-		-		-		-
NAV Diluted	-		-		-		-

Tullow Oil Cash Flow Statement

	31 Dec 2018 (USD)	31 Dec 2019 (USD)	31 Dec 2020 (USD)	31 Dec 2021 (USD)
Operating CF	1,204.00	1,258.70	698.60	786.90	m
Pre-Financing CF	776.30	746.70	782.90	685.20	m
Retained CF	-105.70	113.30	511.30	-342.10	m

Tullow Oil Brokers

Name	Activity	Type	Mnemonic	Code
THE ROYAL BANK OF SCOT N.V.	Market Maker(MME)	Broker/Dealer	RBSM	ABNAGB22
J & E Davy	Market Maker(MME)	Broker/Dealer	DAVY	DAVEIE21
Deutsche Bank AG London Branch	Market Maker(MME)	Broker/Dealer	DEUT	DEUTGB2L
Evolution Securities Limited	Market Maker(MME)	Broker/Dealer	EVO	EVBGGB21MMT
Goodbody Stockbrokers	Market Maker(MME)	Broker/Dealer	GOOD	GDBSIE2D002
Goldman Sachs International	Market Maker(MME)	Broker/Dealer	GSCO	GSILGB2X
Investec Bank Plc	Market Maker(MME)	Broker/Dealer	INV.	IHCSGB21002
Jefferies International Ltd	Market Maker(MME)	Broker/Dealer	JEFF	JEFFGB2X
J.P. Morgan Securities Ltd	Market Maker(MME)	Broker/Dealer	JPMS	JPMSGB2L
Morgan Stanley Securities Ltd	Market Maker(MME)	Broker/Dealer	MOST	MSSEGB21
Numis Securities Limited	Market Maker(MME)	Broker/Dealer	NUMS	RAZHGB2LBIC
Citigrp Global Mkt UK Equities	Market Maker(MME)	Broker/Dealer	CITI	SBUKGB21
Merrill Lynch International	Market Maker(MME)	Broker/Dealer	MLSB	SNCSGB2LBIC
UBS AG	Market Maker(MME)	Broker/Dealer	UBS.	UBSWGB2LEQU
Winterflood Securities Ltd	Market Maker(MME)	Broker/Dealer	WINS	WNTSGB2LBIC