Condor Energies (CDR) AI Stock Analysis

• Market Cap: C$112.67M
• Dividend Yield: N/A
• Average Volume (3M): 29.86K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.79
• Revenue Growth: 9741.12%
• EPS Growth: 69.01%
• Country: CA
• Employees: 194
• Sector: Energy
• Sector Strength: 47
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): -0.06
• Shares Outstanding: 67,467,120
• 10 Day Avg. Volume: 24,264
• 30 Day Avg. Volume: 29,855
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• 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: C$3.33
• Price Target Upside: 99.40% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

The overall score reflects a cautious outlook for Condor Energies. Despite strategic advancements and production boosts in Uzbekistan and Kazakhstan, the company faces financial challenges with ongoing losses and negative cash flows. Technical indicators suggest a bearish trend, and the negative P/E ratio highlights valuation concerns. While corporate events show promise, the financial and technical weaknesses weigh heavily on the stock's attractiveness.

Condor Energies Business Overview & Revenue Model

Company Description

Condor Energies Inc., an oil and gas company, engages in the exploration, development, and production of oil and gas properties in Turkey and Kazakhstan. It owns 100% interests in the Poyraz Ridge and Destan operating licenses located in the Gallipoli Peninsula in western Turkey. The company was formerly known as Condor Petroleum Inc. and changed its name to Condor Energies Inc. in June 2022. The company was incorporated in 2006 and is headquartered in Calgary, Canada.

How the Company Makes Money

Condor Energies generates revenue through the sale of extracted oil and gas. The company earns money by exploring and developing energy resources and then selling the produced oil and gas to various markets. Key revenue streams include the direct sale of crude oil and natural gas to refineries and distributors. Condor Energies may also engage in strategic partnerships and joint ventures to enhance exploration and production capabilities, thereby increasing its market reach and revenue potential. Additionally, the company might invest in technologies and processes that optimize production efficiency, further contributing to its earnings.

Condor Energies Financial Statement Overview

Summary

Condor Energies shows a mixed financial performance with significant revenue growth but struggles with profitability and financial stability. High leverage and negative equity position indicate financial distress, requiring strategic measures to improve cash flow and profitability.

Income Statement

Condor Energies has struggled with profitability, evidenced by consistent negative net income over recent years. The TTM shows a gross profit margin of 31.17% and a negative net profit margin of -20.53%, indicating challenges in converting revenue into profit. Although there's significant revenue growth from the previous year, rising from 552,000 to 40,831,000, the company still faces profitability issues.

Balance Sheet

The company's balance sheet shows high leverage, with a negative stockholders' equity of -2,364,000, leading to an undefined debt-to-equity ratio. The equity ratio is negative, reflecting a weak financial position. The return on equity is negatively impacted by persistent net losses.

Cash Flow

Condor Energies exhibits a positive operating cash flow of 3,783,000 in TTM but has a negative free cash flow of -1,016,000, indicating challenges in generating sufficient free cash to cover capital expenditures. The operating cash flow to net income ratio is not favorable due to negative net income, suggesting inefficiencies in converting earnings to cash.

Breakdown
Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
552.00K	3.61M	883.00K	2.78M	5.17M
	Gross Profit
-5.21M	1.47M	-3.33M	-6.61M	-3.51M
	EBIT
-10.97M	-4.11M	-11.55M	-14.68M	-11.79M
	EBITDA
-9.06M	-1.98M	-7.78M	-12.41M	-8.92M
	Net Income Common Stockholders
-11.39M	-3.06M	-11.33M	-2.05M	-10.10M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
5.04M	3.75M	4.62M	12.31M	2.94M
	Total Assets
6.77M	10.06M	8.70M	21.50M	45.48M
	Total Debt
5.55M	192.00K	0.00	13.00K	6.89M
	Net Debt
503.00K	-3.56M	-4.62M	-12.29M	3.96M
	Total Liabilities
9.30M	3.77M	3.68M	4.40M	22.73M
	Stockholders Equity
-2.53M	6.30M	5.02M	17.11M	22.75M
Cash Flow		Free Cash Flow
-5.57M	-4.88M	-6.19M	-6.58M	1.94M
	Operating Cash Flow
-5.35M	-3.17M	-6.10M	-6.39M	2.09M
	Investing Cash Flow
-1.08M	-1.21M	-2.00M	23.27M	3.04M
	Financing Cash Flow
7.72M	3.41M	356.00K	-7.08M	-3.96M

Condor Energies Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 1.67
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CDR, the sentiment is Neutral. The current price of 1.67 is above the 20-day moving average (MA) of 1.59, below the 50-day MA of 1.70, and below the 200-day MA of 1.89, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 52.84 is Neutral, neither overbought nor oversold. The STOCH value of 77.26 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:CDR.

Condor Energies Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	56 Neutral	$6.99B	3.76	-4.38%	5.90%	-0.24%	-48.46%
GTE	55 Neutral	$156.12M	21.67	0.79%	―	-2.37%	―
CDR	45 Neutral	C$112.67M	―	-75.41%	―	9741.12%	69.01%

Condor Energies Corporate Events

Condor Energies Reports Strong 2024 Results and Strategic Advancements

Condor Energies announced its 2024 year-end results, highlighting significant production gains in Uzbekistan and advancements in its LNG projects in Kazakhstan. The company reported increased production volumes due to successful workover programs and strategic use of Western technologies, which have mitigated natural declines and boosted revenues. Condor is also expanding its critical minerals initiatives in Kazakhstan, positioning itself as a key player in secure and sustainable energy and mineral supply in the region.

Condor Energies Expands Critical Minerals Footprint in Kazakhstan

Condor Energies Inc has secured a second critical minerals mining license in Kazakhstan, known as the Kolkuduk License, which spans 6,800 hectares and allows exploration for solid minerals over six years. This strategic acquisition, adjacent to their existing Sayakbay license, positions Condor to tap into robust critical minerals markets between Europe and China, enhancing their role in the development of secure and sustainable supply chains of critical minerals, including lithium, rubidium, strontium, and cesium. The initiative complements Condor’s existing projects in natural gas production and LNG transportation fuel, broadening their revenue streams and reinforcing their position as a key player in Central Asia’s energy and mineral sectors.

Condor Energies Boosts Production in Uzbekistan

Condor Energies Inc has achieved a notable increase in its daily gas and condensate production in Uzbekistan, reaching an average of 12,004 boepd, marking a 5% rise from the previous period. This production boost is part of a broader strategy involving workover operations and the deployment of advanced evaluation tools, positioning Condor to enhance its operational capabilities and strengthen its market presence in the region.

Condor Energies Boosts Production in Uzbekistan with Successful Workover Operation

Condor Energies Inc, a Canadian energy transition company, announced successful outcomes from its recent workover operation in Uzbekistan, where a well began producing at 1,300 boepd after identifying a potential gas pay section. This production success underscores the company’s strategic efforts to enhance production capabilities and operational efficiency. Condor is expanding its workover operations with additional rigs and evaluating more wells to further boost its output. The collaboration with Uzbekistan’s national company and technical institutes has been pivotal to these advancements, reflecting Condor’s ongoing commitment to its 2025 production growth plans.