Union Jack Oil PLC (GB:UJO)
LSE:UJO
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Union Jack Oil
(LSE:UJO)
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Rating:58Neutral
Price Target:
3.50 p
▲(55.56% Upside)
Action:ReiteratedDate:01/21/26
The score is primarily supported by a very strong, low-risk balance sheet (no debt) and sustained profitability since 2022, but is held back by 2024’s sharp profitability compression and negative/volatile free cash flow. Technicals show short-term strength but overbought momentum and a weaker longer-term trend, while valuation is difficult to support due to the negative P/E and missing dividend yield.
Positive Factors
Zero debt balance sheet
A zero-debt balance sheet materially strengthens financial resilience: it reduces refinancing and interest-rate risk, preserves flexibility to fund development or acquisitions from equity/cash, and provides downside protection during commodity-price stress for an E&P with lumpy capex.
Negative Factors
Operating profitability deterioration
A sharp EBIT margin fall (from ~25% to ~2%) signals weaker earnings quality and higher cost or pricing pressure. Persistently compressed margins limit internal funding for capex, increase sensitivity to commodity swings, and raise risk of future impairments if not reversed.
Read all positive and negative factors
Positive Factors
Negative Factors
Zero debt balance sheet
A zero-debt balance sheet materially strengthens financial resilience: it reduces refinancing and interest-rate risk, preserves flexibility to fund development or acquisitions from equity/cash, and provides downside protection during commodity-price stress for an E&P with lumpy capex.
Read all positive factors
Union Jack Oil (UJO) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£4.91M
Dividend YieldN/A
Average Volume (3M)702.79K
Price to Earnings (P/E)―
Beta (1Y)-1.32
Revenue GrowthN/A
EPS GrowthN/A
CountryUK
Employees5
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding146,565,900
10 Day Avg. Volume70,727
30 Day Avg. Volume702,790
Financial Highlights & Ratios
PEG Ratio-0.67
Price to Book (P/B)0.45
Price to Sales (P/S)2.51
P/FCF Ratio-2.65
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)£2.70M
Union Jack Oil Business Overview & Revenue Model
Company Description
Union Jack Oil plc operates as an onshore oil and gas company in the United Kingdom. The company focuses on production, drilling, development, and investment in hydrocarbon projects. It holds interests in the West Newton, Wressle Discovery, Brough...
How the Company Makes Money
UJO makes money primarily from its interests in producing oil and gas assets. Its core revenue stream is its share of hydrocarbon sales (net to its working interest) from fields in which it holds a licence interest; revenues are generally driven b...
Union Jack Oil Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
82
Very Positive
Cash Flow
35
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.88M | 3.93M | 5.07M | 8.51M | 1.89M | 158.00K |
| Gross Profit | 1.43M | 1.97M | 3.30M | 5.10M | 782.56K | -186.60K |
| EBITDA | -596.95K | 562.42K | 1.74M | 5.23M | -223.24K | -1.72M |
| Net Income | -629.46K | 649.21K | 859.09K | 3.61M | -853.01K | -1.87M |
Balance Sheet | ||||||
| Total Assets | 23.54M | 23.85M | 24.18M | 26.36M | 24.47M | 21.34M |
| Cash, Cash Equivalents and Short-Term Investments | 1.41M | 2.53M | 5.20M | 7.16M | 5.98M | 7.27M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 2.16M | 1.98M | 2.28M | 3.36M | 4.27M | 3.25M |
| Stockholders Equity | 21.38M | 21.87M | 21.90M | 23.01M | 20.21M | 18.09M |
Cash Flow | ||||||
| Free Cash Flow | -2.50M | -3.72M | -597.12K | 2.35M | -3.88M | -4.67M |
| Operating Cash Flow | -106.74K | 344.37K | 1.98M | 5.92M | -579.71K | -1.41M |
| Investing Cash Flow | -1.36M | -2.75M | -2.10M | -3.66M | -3.40M | -4.36M |
| Financing Cash Flow | -266.42K | -266.42K | -1.84M | -1.08M | 2.69M | 6.41M |
Union Jack Oil Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
58 Neutral | £4.91M | -4.82 | -2.88% | ― | ― | ― | |
55 Neutral | £18.35M | -0.59 | -29.57% | ― | -20.85% | -105.70% | |
48 Neutral | £11.97M | 4.49 | -21.11% | ― | -12.15% | -200.00% | |
47 Neutral | £10.19M | -1.04 | -7.46% | ― | ― | ― | |
41 Neutral | £3.26M | -1.60 | -594.72% | ― | ― | ― |
* Energy Sector Average
GB:UJO
Union Jack Oil
3.35
-6.90
-67.32%
GB:ANGS
Angus Energy
0.24
-0.06
-20.00%
GB:DELT
Deltic Energy
3.50
-0.25
-6.67%
GB:STAR
IGas Energy
14.00
7.00
100.00%
GB:RBD
Reabold Resources
0.10
0.05
100.00%
GB:UKOG
UK Oil & Gas Investments
0.01
<0.01
10.00%
Union Jack Oil Corporate Events
Business Operations and StrategyRegulatory Filings and Compliance
Union Jack Oil Welcomes Key Permit Milestone at West Newton Gas Project
Positive
Feb 16, 2026
Union Jack Oil said its partner Rathlin Energy has secured a variation to the environmental permit for the West Newton A well site in East Yorkshire, allowing reservoir stimulation work on the WNA-2 well once certain pre-operational conditions are...
Business Operations and StrategyFinancial Disclosures
Union Jack Oil Reports Steady UK Output and US Growth as It Tightens Costs
Positive
Jan 30, 2026
Union Jack Oil has reported steady production and ongoing development across its core UK and US portfolios, highlighting its flagship Wressle field in Lincolnshire, which remains one of the UK’s most productive conventional oilfields with Ja...
Regulatory Filings and ComplianceShareholder Meetings
Union Jack Oil Says Second Requisition Notice Withdrawn Before Market Open
Neutral
Jan 20, 2026
Union Jack Oil has disclosed that it received a second purported requisition notice for a general meeting from former director Craig Howie, which, after legal review, the board deemed invalid. The company further reported that Howie formally withd...
Business Operations and StrategyLegal ProceedingsShareholder Meetings
Union Jack Oil Rejects Former Director’s General Meeting Requisition as Invalid
Neutral
Jan 19, 2026
Union Jack Oil has disclosed that it received a requisition notice for a general meeting from former director Craig Howie on 18 January 2026 but, following legal review, the board has determined that the notice is invalid. The move signals managem...
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and Compliance
Union Jack Oil Strengthens Board With New Non-Executive Appointments and Corrects Major Shareholding
Positive
Jan 15, 2026
Union Jack Oil has strengthened its board with the appointment of senior energy executive Dr Donald Zac Phillips as an independent non-executive director and senior independent director, and accountant and significant shareholder John Americanos a...
Business Operations and StrategyExecutive/Board Changes
Union Jack Oil Strengthens Board with Two New Non-Executive Directors
Positive
Jan 12, 2026
Union Jack Oil has strengthened its board by appointing senior energy executive Dr Donald Zac Phillips as an independent Non-Executive Director and Senior Independent Director, and chartered certified accountant and significant shareholder John Am...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.