Oilex Ltd (SYN) AI Stock Analysis

• Market Cap: £3.11M
• Dividend Yield: N/A
• Average Volume (3M): 94.76M
• Price to Earnings (P/E): 0.5
• Beta (1Y): 0.11
• Revenue Growth: -55.66%
• EPS Growth: N/A
• Country: UK
• Employees: 29
• Sector: Energy
• Sector Strength: 47
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): >-0.01
• Shares Outstanding: 15,571,742,000
• 10 Day Avg. Volume: 33,378,254
• 30 Day Avg. Volume: 94,759,446
• PEG Ratio: -0.04
• Price to Book (P/B): 2.06
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -3.96
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 51 Neutral
• Price Target: 0.00p ▼(-100.00%Downside)

Synergia Energy's overall score is heavily impacted by its poor financial performance, marked by declining revenues and high leverage. However, strategic corporate events provide some optimism for future growth. Technical indicators and valuation are mixed, reflecting a cautious outlook on stock performance.

Oilex Ltd Business Overview & Revenue Model

Company Description

Synergia Energy Ltd engages in the exploration for, appraisal, development, production, and sale of oil and gas in Australia, India, and Indonesia. It primarily holds 100% interest in the Cambay field located in the Cambay basin, onshore Gujarat, India. The company was formerly known as Oilex Ltd and changed its name to Synergia Energy Ltd in July 2022. The company was incorporated in 1997 and is headquartered in West Perth, Australia.

How the Company Makes Money

Oilex Ltd generates revenue primarily through the exploration and production of oil and natural gas. The company's revenue model is centered around the sale of extracted hydrocarbons to refineries, distributors, and other stakeholders within the energy supply chain. Key revenue streams include the sale of crude oil and natural gas produced from its operated and non-operated assets. Additionally, Oilex may engage in strategic partnerships or joint ventures to enhance its resource development capabilities and share operational risks. Factors contributing to its earnings include fluctuations in global oil prices, production levels, and operational efficiency in its exploration and production activities.

Oilex Ltd Financial Statement Overview

Summary

Synergia Energy faces severe financial challenges, with declining revenues and significant losses reflecting operational inefficiencies. The negative cash flows and high leverage further exacerbate the company's financial instability, posing substantial risks to its future growth prospects.

Income Statement

The income statement shows a troubling trend with declining revenues and persistently negative profit margins. The gross profit margin and net profit margin are negative, indicating unprofitable operations. The revenue has decreased from the previous year, with significant losses reported in EBIT and EBITDA, reflecting operational inefficiencies.

Balance Sheet

The balance sheet reflects high leverage with a debt-to-equity ratio of 0.17, suggesting moderate use of debt financing. The equity ratio is 50.1%, indicating a balanced capital structure. However, declining equity and asset values highlight potential stability issues.

Cash Flow

The cash flow statement reveals negative operating cash flow and free cash flow, indicating cash outflows exceeding inflows. The free cash flow growth rate is negative, and the company relies heavily on financing activities to sustain operations, which is not sustainable long-term.

Breakdown	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	638.46K	1.30M	141.44K	0.00	0.00
Gross Profit	-410.54K	-1.27M	-656.29K	-5.71K	-36.27K
EBITDA	-1.36M	-5.01M	-1.88M	-1.46M	-3.98M
Net Income	-2.80M	-5.38M	-2.06M	-614.35K	-4.49M
Balance Sheet
Total Assets	19.87M	18.98M	25.78M	15.14M	13.15M
Cash, Cash Equivalents and Short-Term Investments	1.07M	938.59K	4.91M	4.75M	173.82K
Total Debt	1.74M	774.67K	451.36K	-215.27K	769.55K
Total Liabilities	9.91M	8.64M	11.19M	6.16M	8.11M
Stockholders Equity	9.96M	10.34M	14.58M	8.98M	5.04M
Cash Flow
Free Cash Flow	-3.36M	-5.38M	-4.84M	-1.53M	-2.89M
Operating Cash Flow	-2.75M	-5.37M	-4.80M	-1.39M	-2.84M
Investing Cash Flow	-608.95K	-3.23K	-2.58M	501.20K	-123.79K
Financing Cash Flow	3.47M	1.54M	7.80M	4.99M	2.78M

Oilex Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.02
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Positive
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:SYN, the sentiment is Negative. The current price of 0.02 is above the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and below the 200-day MA of 0.04, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 0.02 is Positive, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:SYN.

Oilex Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SYN	51 Neutral	£3.11M	0.48	56.96%	―	-55.66%	―
Sector *	44 Neutral	AU$1.36B	-6.72	-23.02%	6.85%	5.33%	-26.92%
AST		£2.53M	―		―	―	―
CLON		£2.54M	―	-135.00%	―	―	―
EME	25 Underperform	£916.28K	―		―	―	-312.90%
ADME		£949.78K	―		―	―	―
UOG		£3.90M	―		―	―	―

Oilex Ltd Corporate Events

Synergia Energy Announces Change in Shareholder Structure

Synergia Energy Ltd, a non-UK issuer, has announced a significant change in its shareholder structure due to an asset transfer following the termination of an account. Republic Investment Management Pte. Ltd., based in Singapore, has reduced its voting rights in Synergia Energy from 14.5% to 13.76%, with HSBC Bank PLC holding the shares. This adjustment in holdings may impact the company’s governance and decision-making processes, influencing its strategic direction and potentially affecting stakeholders.

Synergia Energy Appoints SP Angel as Nominated Adviser

Synergia Energy Ltd, a company listed on AIM under the ticker SYN, has announced the appointment of SP Angel Corporate Finance LLP as its new Nominated Adviser. This strategic move is expected to enhance Synergia Energy’s market positioning by leveraging SP Angel’s expertise, as they will also continue to provide Joint Broker services, potentially benefiting stakeholders through improved advisory support.

Synergia Energy’s Cambay PSC Project Advances with New Drilling Plans

Synergia Energy Ltd announced that its joint venture partner, Selan Exploration, has secured a drilling rig and services for the Cambay PSC project in India. The drilling of the first of three new wells is set to begin in September 2025, with workover operations on existing wells resuming in June 2025. This development is part of a $20 million work program, with Synergia being fully carried by Selan, which may enhance production capabilities and strengthen Synergia’s position in the Indian energy market.

Synergia Energy Updates on Cambay PSC Project Amid Drilling Delays

Synergia Energy Ltd has announced an update on its Cambay PSC project in India, where it holds a 50% working interest. The company has partnered with Selan Exploration to execute a $20 million work program, including drilling three new wells. Although the drilling was expected to begin in Q2 2025, it has been delayed until September 2025 due to uncontracted drilling rigs. Despite the delay, Synergia’s financial impact is minimized as Selan covers the costs. Synergia is also implementing cost-saving measures, including pausing non-essential projects and partially settling directors’ salaries in shares.