Kolibri Global Energy Inc. (NASDAQ: KGEI)

Sector: Energy Industry: Oil & Gas E&P CIK: 0001477081
Market Cap 135.37 Mn
P/B 0.67
P/E 7.58
P/S 2.25
ROIC (Qtr) 8.52
Div Yield % 0.00
Rev 1y % (Qtr) 16.80
Total Debt (Qtr) 47.32 Mn
Debt/Equity (Qtr) 0.24
Add ratio to table...

About

Investment thesis

Bull case

  • Strong operating cash flow of 39.27M provides robust 0.83x coverage of total debt 47.32M, indicating excellent debt servicing capability and financial flexibility.
  • Healthy cash reserves of 2.95M provide 2.34x coverage of short-term debt 1.26M, demonstrating strong liquidity position and minimal refinancing risk.
  • Strong tangible asset base of 282.09M provides 5.96x coverage of total debt 47.32M, indicating robust asset backing and low credit risk.
  • Operating cash flow of 39.27M provides exceptional 12.47x coverage of interest expenses 3.15M, showing strong debt service capability.
  • Operating cash flow of 39.27M provides strong 26.09x coverage of stock compensation 1.50M, indicating sustainable incentive practices.

Bear case

  • Operating cash flow of 39.27M barely covers its investment activities of (48.58M), with a coverage ratio of -0.81, indicating heavy reliance on external financing for growth which may not be sustainable in a tighter credit environment.
  • Free cash flow of (14.66M) provides weak coverage of capital expenditures of 53.93M, with a -0.27 ratio suggesting additional external financing needs for growth initiatives.
  • Operating earnings of 31.01M show weak coverage of depreciation charges of 16.82M, with a 1.84 ratio indicating high capital intensity and potential reinvestment needs.
  • Free cash flow of (14.66M) represents just -1.09x of debt issuance 13.41M, suggesting concerning reliance on leverage rather than internal cash generation for growth.
  • High depreciation of 16.82M relative to operating cash flow of 39.27M, which is 0.43x suggests significant maintenance capital requirements affecting free cash flow.

Peer comparison

Companies in the Oil & Gas E&P
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 COP Conocophillips 136.62 Bn 17.10 2.22 23.44 Bn
2 CNQ Canadian Natural Resources Ltd 85.21 Bn 17.67 3.04 12.51 Bn
3 EOG Eog Resources Inc 66.33 Bn -60.48 8.67 8.13 Bn
4 FANG Diamondback Energy, Inc. 49.64 Bn -2,818.83 314.47 16.24 Bn
5 OXY Occidental Petroleum Corp /De/ 37.18 Bn 15.36 2.56 22.88 Bn
6 WDS Woodside Energy Group Ltd 34.64 Bn 11.73 2.51 -
7 TPL Texas Pacific Land Corp 29.74 Bn 126.16 78.66 0.02 Bn
8 DVN Devon Energy Corp/De 18.80 Bn 3.24 1.91 8.55 Bn

Industry comparisons

Current Valuation Value Ind Avg Percentile
EV to Assets EV to Assets 0.58 1.02
EV to Cash from Ops. EV/CFO 4.16 18.21
EV to Debt EV to Debt 3.45 54.57
EV to EBIT EV/EBIT 5.27 29.98
EV to EBITDA EV/EBITDA 3.70 19.64
EV to Free Cash Flow [EV/FCF] EV/FCF -11.14 39.33
EV to Market Cap EV to Market Cap 1.21 1.57
EV to Revenue EV/Rev 2.72 11.47
Price to Book Value [P/B] P/B 0.67 2.97
Price to Earnings [P/E] P/E 7.58 -25.98
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Dividend Coverage Ratio 0.00 26.80
Dividend Payout Ratio % Div Payout % (Qtr) 0.00 31.86
Dividend per Basic Share Div per Share (Qtr) 0.00 0.78
FCF Dividend Payout Ratio % FCF Div Payout % (Qtr) 0.00 1.05
Interest Coverage Int. cover (Qtr) 9.85 -4.97
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex 1y % (Qtr) -43.65 -533.65
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) 82.40 52.06
Dividend Growth (1y) % Dividend Growth (1y) % 0.00 -5.45
EBIAT Growth (1y) % EBIAT 1y % (Qtr) 1.12 6.14
EBITDA Growth (1y) % EBITDA 1y % (Qtr) 7.94 105.89
EBIT Growth (1y) % EBIT 1y % (Qtr) 9.35 75.94
EBT Growth (1y) % EBT 1y % (Qtr) 11.83 17.44
EPS Growth (1y) % EPS 1y % (Qtr) 6.38 3.07
FCF Growth (1y) % FCF 1y % (Qtr) -1,292.68 -43.36
Gross Profit Growth (1y) % Gross Profit 1y % (Qtr) 8.67 149.32
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Util Ratio (Qtr) 0.21 0.33
Cash Payout Ratio Cash Payout Ratio 0.00 0.07
Cash Ratio Cash Ratio (Qtr) 0.15 1.32
Current Ratio Curr Ratio (Qtr) 0.70 2.37
Debt to Equity Ratio Debt/Equity (Qtr) 0.24 0.34
Interest Cover Ratio Int Coverage (Qtr) 9.85 -4.97
Times Interest Earned Times Interest Earned (Qtr) 9.85 -4.97
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % (Qtr) 79.60 16.19
EBIT Margin % EBIT Margin % (Qtr) 51.58 -16.83
EBT Margin % EBT Margin % (Qtr) 46.35 -24.06
Gross Margin % Gross Margin % (Qtr) 85.30 58.92
Net Profit Margin % Net Margin % (Qtr) 29.70 -28.75