Camber Energy, Inc. reports 1,957 pp EBITDA Margin decline from 696% to -1,261% in 2020 in 2020 and 85.5% Revenue decline
06/30/2020 • About Camber Energy, Inc. (
$CEI) • By InTwits
Camber Energy, Inc. reported FY2020 financial results today. Overall the company's long term financial model is characterised by the following facts:
- Camber Energy, Inc. is a company in decline: FY2020 revenue growth was -85.5%, 5 years revenue CAGR was -33.3%
- The company operates at negative EBITDA Margin: -1,260.8%
- Camber Energy, Inc. motivates its personel by high Stock Based Compensation (SBC): average SBC/Revenue for FY2016-FY2020 was 0.0% while average EBITDA Margin was -665.6% for the sames years
- Camber Energy, Inc. has high CAPEX intensity: 5 year average CAPEX/Revenue was 40.1%. At the same time it's a lot of higher than industry average of 26.8%.
- CAPEX is quite volatile: $0m in FY2020, $2m in FY2019, $2m in FY2018, $4m in FY2017, $0m in FY2016
- The company has unprofitable business model: ROIC is -71.8%
- It operates with high leverage: Net Debt/EBITDA is 6.2x while industry average is 0.7x
Below you can find a comprehensive analysis of the key data driving the company's performance and the stock price.
Revenue and profitability
Camber Energy, Inc.'s Revenue dropped on 85.5%. During FY2016-FY2020 Revenue growth topped in FY2017 at 448% and was decelerating since that time. Revenue decline was accompanies by EBITDA margin decline. EBITDA Margin dropped on 1,957 pp from 696% to -1,261% in FY2020. During the last 5 years EBITDA Margin topped in FY2019 at 696%.
Gross Margin decreased on 2.6 pp from -27.0% to -29.6% in FY2020. During FY2016-FY2020 Gross Margin topped in FY2018 at 3.0% and was declining since that time. SG&A as a % of Revenue surged on 1,048 pp from 188% to 1,236% in FY2020. During FY2016-FY2020 SG&A as a % of Revenue bottomed in FY2017 at 76.3% and was growing since that time.
Net Income margin dropped on 1,578 pp from 607% to -971% in FY2020. During FY2016-FY2020 Net Income margin topped in FY2019 at 607%.
Leverage (Debt)
The company has no debt. Cash dropped on 91.6%.
Financial and operational results
FY ended 03/31/2020
Camber Energy, Inc. ($CEI) key annual financial indicators| mln. $ | 2016 | 2017 | 2018 | 2019 | 2020 | 2020/2019 |
|---|
P&L
|
|---|
| Revenue | 0.968 | 5.302 | 6.860 | 2.742 | 0.397 | -85.5% |
| Gross Profit | -0.775 | -0.914 | 0.204 | -0.741 | -0.117 | |
| SG&A | 2.501 | 4.044 | 7.174 | 5.153 | 4.910 | -4.7% |
| EBITDA | -23.788 | -81.402 | -17.186 | 19.089 | -5.007 | -126.2% |
| Net Income | -25.450 | -89.123 | -24.772 | 16.643 | -3.856 | -123.2% |
Balance Sheet
|
|---|
| Cash | 0.198 | 0.705 | 0.760 | 7.779 | 0.657 | -91.6% |
| Short Term Debt | 8.096 | 44.282 | 35.692 | 0.000 | 0.000 | |
| Long Term Debt | 0.000 | 0.146 | 0.247 | 0.000 | 0.000 | |
Cash flow
|
|---|
| Capex | 0.222 | 3.789 | 2.048 | 2.096 | 0.000 | -100.0% |
Ratios
|
|---|
| Revenue growth | -67.7% | 447.6% | 29.4% | -60.0% | -85.5% | |
| EBITDA growth | 1,057.5% | 242.2% | -78.9% | -211.1% | -126.2% | |
|
|---|
| Gross Margin | -80.1% | -17.2% | 3.0% | -27.0% | -29.6% | -2.6% |
| EBITDA Margin | -2,457.0% | -1,535.3% | -250.5% | 696.1% | -1,260.8% | -1,956.9% |
| SG&A, % of revenue | 258.3% | 76.3% | 104.6% | 187.9% | 1,236.4% | 1,048.5% |
| Net Income Margin | -2,628.7% | -1,680.9% | -361.1% | 607.0% | -971.1% | -1,578.0% |
| CAPEX, % of revenue | 22.9% | 71.5% | 29.8% | 76.4% | 0.0% | |
|
|---|
| ROIC | -110.4% | -372.7% | -83.6% | 227.2% | -71.8% | -299.0% |
| ROE | -185.4% | | | | | |
| Net Debt/EBITDA | | | | -0.4x | |
Peers in Oil & Gas Exploration & Production
Below we provide Camber Energy, Inc. benchmarking against other companies in Oil & Gas Exploration & Production industry for the last 5 years. We show data for the top-5 companies by key financial metric together with the median value for all the companies in the industry.
Top companies by Revenue growth, %
| Top | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 |
|---|
| Evolution Petroleum Corporation, Inc. ($EPM) | - | 30.9% | 18.2% | 6.0% | -31.5% |
| Marathon Oil Corporation ($MRO) | - | 39.2% | 34.9% | -15.3% | -39.1% |
| |
|---|
| Median (2 companies) | - | 35.0% | 26.6% | -4.6% | -35.3% |
|---|
| Camber Energy, Inc. ($CEI) | - | 447.6% | 29.4% | -60.0% | -85.5% |
Top companies by Gross margin, %
| Top | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 |
|---|
| Evolution Petroleum Corporation, Inc. ($EPM) | 45.6% | 51.8% | 56.4% | 52.3% | 34.4% |
| Marathon Oil Corporation ($MRO) | 6.3% | 27.1% | 40.8% | 33.3% | 1.6% |
| |
|---|
| Median (2 companies) | 25.9% | 39.5% | 48.6% | 42.8% | 18.0% |
|---|
| Camber Energy, Inc. ($CEI) | -80.1% | -17.2% | 3.0% | -27.0% | -29.6% |
Top companies by EBITDA margin, %
| Top | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 |
|---|
| Marathon Oil Corporation ($MRO) | 35.7% | 44.6% | 64.2% | 59.1% | 43.9% |
| Evolution Petroleum Corporation, Inc. ($EPM) | 26.1% | 54.1% | 54.9% | 55.3% | 32.1% |
| |
|---|
| Median (2 companies) | 30.9% | 49.4% | 59.5% | 57.2% | 38.0% |
|---|
| Camber Energy, Inc. ($CEI) | -2,457.0% | -1,535.3% | -250.5% | 696.1% | -1,260.8% |
Top companies by CAPEX/Revenue, %
| Top | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 |
|---|
| Marathon Oil Corporation ($MRO) | 37.4% | 44.0% | 45.5% | 49.8% | 43.0% |
| Evolution Petroleum Corporation, Inc. ($EPM) | 80.1% | 29.6% | 9.1% | 15.6% | 37.4% |
| |
|---|
| Median (2 companies) | 58.7% | 36.8% | 27.3% | 32.7% | 40.2% |
|---|
| Camber Energy, Inc. ($CEI) | 22.9% | 71.5% | 29.8% | 76.4% | 0.0% |
Top companies by ROIC, %
| Top | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 |
|---|
| Evolution Petroleum Corporation, Inc. ($EPM) | 2.2% | 14.9% | 18.8% | 19.6% | 4.2% |
| Marathon Oil Corporation ($MRO) | -3.7% | -1.7% | 8.1% | 3.1% | -5.9% |
| |
|---|
| Median (2 companies) | -0.7% | 6.6% | 13.4% | 11.4% | -0.8% |
|---|
| Camber Energy, Inc. ($CEI) | -110.4% | -372.7% | -83.6% | 227.2% | -71.8% |
Top companies by Net Debt / EBITDA
| Top | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 |
|---|
| Marathon Oil Corporation ($MRO) | 4.2x | 2.5x | 1.0x | 1.6x | 3.5x |
| Evolution Petroleum Corporation, Inc. ($EPM) | -5.0x | -1.2x | -1.1x | -1.3x | -2.1x |
| |
|---|
| Median (2 companies) | -0.4x | 0.6x | -0.0x | 0.1x | 0.7x |
|---|
| Camber Energy, Inc. ($CEI) | - | - | - | -0.4x | - |
