PHX MINERALS INC (PHX) Stock Fundamental Analysis
NYSE:PHX - New York Stock Exchange, Inc. - US69291A1007 - Common Stock - Currency: USD
PHX gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 213 industry peers in the Oil, Gas & Consumable Fuels industry. While PHX has a great health rating, its profitability is only average at the moment. PHX has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
PHX had positive earnings in the past year.
PHX had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: PHX reported negative net income in multiple years.
PHX had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
PHX has a Return On Assets (4.28%) which is comparable to the rest of the industry.
With a Return On Equity value of 5.49%, PHX perfoms like the industry average, outperforming 44.13% of the companies in the same industry.
PHX has a Return On Invested Capital of 3.98%. This is in the lower half of the industry: PHX underperforms 64.79% of its industry peers.
PHX had an Average Return On Invested Capital over the past 3 years of 9.06%. This is significantly below the industry average of 23.60%.
The last Return On Invested Capital (3.98%) for PHX is well below the 3 year average (9.06%), which needs to be investigated, but indicates that PHX had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.28% | ||
| ROE | 5.49% | ||
| ROIC | 3.98% |
ROA(3y)7.72%
ROA(5y)-1.22%
ROE(3y)10.71%
ROE(5y)-2.76%
ROIC(3y)9.06%
ROIC(5y)N/A
1.3 Margins
PHX has a Profit Margin of 18.23%. This is in the better half of the industry: PHX outperforms 69.48% of its industry peers.
PHX has a Operating Margin (22.11%) which is in line with its industry peers.
In the last couple of years the Operating Margin of PHX has declined.
The Gross Margin of PHX (92.32%) is better than 96.71% of its industry peers.
PHX's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 22.11% | ||
| PM (TTM) | 18.23% | ||
| GM | 92.32% |
OM growth 3Y-15.61%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y2.94%
GM growth 5Y7.11%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so PHX is destroying value.
Compared to 1 year ago, PHX has more shares outstanding
The number of shares outstanding for PHX has been increased compared to 5 years ago.
The debt/assets ratio for PHX has been reduced compared to a year ago.
2.2 Solvency
PHX has an Altman-Z score of 3.89. This indicates that PHX is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.89, PHX belongs to the top of the industry, outperforming 87.32% of the companies in the same industry.
The Debt to FCF ratio of PHX is 1.16, which is an excellent value as it means it would take PHX, only 1.16 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 1.16, PHX belongs to the top of the industry, outperforming 88.26% of the companies in the same industry.
A Debt/Equity ratio of 0.16 indicates that PHX is not too dependend on debt financing.
PHX's Debt to Equity ratio of 0.16 is fine compared to the rest of the industry. PHX outperforms 72.77% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.16 | ||
| Debt/FCF | 1.16 | ||
| Altman-Z | 3.89 |
ROIC/WACC0.43
WACC9.35%
2.3 Liquidity
A Current Ratio of 1.80 indicates that PHX should not have too much problems paying its short term obligations.
The Current ratio of PHX (1.80) is better than 74.18% of its industry peers.
A Quick Ratio of 1.80 indicates that PHX should not have too much problems paying its short term obligations.
The Quick ratio of PHX (1.80) is better than 77.93% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.8 | ||
| Quick Ratio | 1.8 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 80.91% over the past year.
Measured over the past years, PHX shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -51.21% on average per year.
The Revenue has grown by 15.65% in the past year. This is quite good.
Measured over the past years, PHX shows a decrease in Revenue. The Revenue has been decreasing by -3.50% on average per year.
EPS 1Y (TTM)80.91%
EPS 3YN/A
EPS 5Y-51.21%
EPS Q2Q%1390%
Revenue 1Y (TTM)15.65%
Revenue growth 3Y-3.53%
Revenue growth 5Y-3.5%
Sales Q2Q%-3.45%
3.2 Future
The Earnings Per Share is expected to grow by 117.10% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 12.54% on average over the next years. This is quite good.
EPS Next Y241.72%
EPS Next 2Y117.1%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year20.91%
Revenue Next 2Y12.55%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 21.55 indicates a rather expensive valuation of PHX.
Compared to the rest of the industry, the Price/Earnings ratio of PHX is on the same level as its industry peers.
When comparing the Price/Earnings ratio of PHX to the average of the S&P500 Index (26.52), we can say PHX is valued inline with the index average.
With a Price/Forward Earnings ratio of 15.24, PHX is valued correctly.
PHX's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.25, PHX is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.55 | ||
| Fwd PE | 15.24 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of PHX is on the same level as its industry peers.
Based on the Price/Free Cash Flow ratio, PHX is valued a bit cheaper than the industry average as 74.65% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.6 | ||
| EV/EBITDA | 10.02 |
4.3 Compensation for Growth
PHX's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as PHX's earnings are expected to grow with 117.10% in the coming years.
PEG (NY)0.09
PEG (5Y)N/A
EPS Next 2Y117.1%
EPS Next 3YN/A
5. Dividend
5.1 Amount
PHX has a Yearly Dividend Yield of 3.70%. Purely for dividend investing, there may be better candidates out there.
PHX's Dividend Yield is comparable with the industry average which is at 6.77.
PHX's Dividend Yield is rather good when compared to the S&P500 average which is at 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.7% |
5.2 History
The dividend of PHX decreases each year by -2.22%.
PHX has paid a dividend for at least 10 years, which is a reliable track record.
PHX has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-2.22%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
81.44% of the earnings are spent on dividend by PHX. This is not a sustainable payout ratio.
DP81.44%
EPS Next 2Y117.1%
EPS Next 3YN/A
4.31
-0.01 (-0.23%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners37.75%
Inst Owner Change-1.27%
Ins Owners16.32%
Ins Owner Change1.62%
Market Cap163.44M
Analysts76.67
Price Target4.44 (3.02%)
Short Float %0.25%
Short Ratio0.15
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.7% |
Yearly Dividend0.14
Dividend Growth(5Y)-2.22%
DP81.44%
Div Incr Years3
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)52.05%
Min EPS beat(2)-100%
Max EPS beat(2)204.1%
EPS beat(4)3
Avg EPS beat(4)72.96%
Min EPS beat(4)-100%
Max EPS beat(4)204.1%
EPS beat(8)5
Avg EPS beat(8)23.56%
EPS beat(12)6
Avg EPS beat(12)-11.3%
EPS beat(16)7
Avg EPS beat(16)-55.39%
Revenue beat(2)0
Avg Revenue beat(2)-18.07%
Min Revenue beat(2)-24.77%
Max Revenue beat(2)-11.38%
Revenue beat(4)1
Avg Revenue beat(4)-5.57%
Min Revenue beat(4)-24.77%
Max Revenue beat(4)16.3%
Revenue beat(8)2
Avg Revenue beat(8)-2.97%
Revenue beat(12)4
Avg Revenue beat(12)3.48%
Revenue beat(16)8
Avg Revenue beat(16)12.1%
PT rev (1m)-17.14%
PT rev (3m)-13%
EPS NQ rev (1m)-13.95%
EPS NQ rev (3m)-27.45%
EPS NY rev (1m)-5.14%
EPS NY rev (3m)-16.92%
Revenue NQ rev (1m)-16.67%
Revenue NQ rev (3m)-5.43%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-6.08%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.55 | ||
| Fwd PE | 15.24 | ||
| P/S | 4.32 | ||
| P/FCF | 9.6 | ||
| P/OCF | 9.55 | ||
| P/B | 1.3 | ||
| P/tB | 1.3 | ||
| EV/EBITDA | 10.02 |
EPS(TTM)0.2
EY4.64%
EPS(NY)0.28
Fwd EY6.56%
FCF(TTM)0.45
FCFY10.41%
OCF(TTM)0.45
OCFY10.47%
SpS1
BVpS3.31
TBVpS3.31
PEG (NY)0.09
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.28% | ||
| ROE | 5.49% | ||
| ROCE | 5.37% | ||
| ROIC | 3.98% | ||
| ROICexc | 4.05% | ||
| ROICexgc | 4.05% | ||
| OM | 22.11% | ||
| PM (TTM) | 18.23% | ||
| GM | 92.32% | ||
| FCFM | 45.04% |
ROA(3y)7.72%
ROA(5y)-1.22%
ROE(3y)10.71%
ROE(5y)-2.76%
ROIC(3y)9.06%
ROIC(5y)N/A
ROICexc(3y)9.25%
ROICexc(5y)N/A
ROICexgc(3y)9.25%
ROICexgc(5y)N/A
ROCE(3y)12.22%
ROCE(5y)N/A
ROICexcg growth 3Y-30.3%
ROICexcg growth 5YN/A
ROICexc growth 3Y-30.3%
ROICexc growth 5YN/A
OM growth 3Y-15.61%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y2.94%
GM growth 5Y7.11%
F-Score7
Asset Turnover0.23
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.16 | ||
| Debt/FCF | 1.16 | ||
| Debt/EBITDA | 1.1 | ||
| Cap/Depr | 0.89% | ||
| Cap/Sales | 0.23% | ||
| Interest Coverage | 3.51 | ||
| Cash Conversion | 94.85% | ||
| Profit Quality | 247.06% | ||
| Current Ratio | 1.8 | ||
| Quick Ratio | 1.8 | ||
| Altman-Z | 3.89 |
F-Score7
WACC9.35%
ROIC/WACC0.43
Cap/Depr(3y)4.1%
Cap/Depr(5y)5.06%
Cap/Sales(3y)0.64%
Cap/Sales(5y)1.1%
Profit Quality(3y)375.76%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)80.91%
EPS 3YN/A
EPS 5Y-51.21%
EPS Q2Q%1390%
EPS Next Y241.72%
EPS Next 2Y117.1%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)15.65%
Revenue growth 3Y-3.53%
Revenue growth 5Y-3.5%
Sales Q2Q%-3.45%
Revenue Next Year20.91%
Revenue Next 2Y12.55%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y72.63%
EBIT growth 3Y-18.59%
EBIT growth 5YN/A
EBIT Next Year356.2%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y441.66%
FCF growth 3Y77.65%
FCF growth 5Y0.58%
OCF growth 1Y444.66%
OCF growth 3Y66.14%
OCF growth 5Y-2.96%