ShaMaran Petroleum (SNM) AI Stock Analysis

• Market Cap: C$704.49M
• Dividend Yield: N/A
• Average Volume (3M): 295.30K
• Price to Earnings (P/E): 40.8
• Beta (1Y): 0.99
• Revenue Growth: 46.17%
• EPS Growth: -82.95%
• Country: CA
• Employees: 9
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): 0.00
• Shares Outstanding: 2,875,449,200
• 10 Day Avg. Volume: 232,069
• 30 Day Avg. Volume: 295,301
• PEG Ratio: >-0.01
• Price to Book (P/B): 1.06
• Price to Sales (P/S): 2.16
• P/FCF Ratio: 2.65
• 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: Moderate Buy
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 52 Neutral
• Price Target: C$0.26 ▲(7.50% Upside)

ShaMaran Petroleum's stock score is primarily influenced by its mixed financial performance, with strengths in operational efficiency but challenges in revenue growth and profitability. Technical analysis shows a stable upward trend, while valuation metrics indicate the stock may be overvalued. The absence of earnings call insights and corporate events limits further analysis.

Positive Factors

Operational Efficiency

Strong operational efficiency with gross profit margin of 39.7% and EBIT margin of 28.5% indicates effective cost management and profitability.

Cash Generation

Robust cash flow generation relative to net income suggests strong liquidity and ability to fund operations and investments.

Leverage Improvement

Reduction in leverage enhances financial stability and reduces risk, providing more flexibility for future growth initiatives.

Negative Factors

Declining Revenue Growth

Significant decline in revenue growth indicates challenges in market expansion and could impact long-term profitability and competitiveness.

Low Net Profit Margin

Low net profit margin suggests pressure on earnings, potentially limiting reinvestment capacity and shareholder returns.

Declining Free Cash Flow Growth

Decline in free cash flow growth could affect future liquidity and investment capability, posing a risk to sustaining operations and growth.

ShaMaran Petroleum Business Overview & Revenue Model

Company Description

ShaMaran Petroleum Corp., together with its subsidiaries, engages in the exploration and development of oil and gas. The company holds a 27.6% interest in the Atrush Block production sharing contract, which covers an area of 269 square kilometers located in the Kurdistan region of Iraq. It also provides technical and administration services. ShaMaran Petroleum Corp. was incorporated in 1991 and is headquartered in Vancouver, Canada.

How the Company Makes Money

ShaMaran Petroleum generates revenue primarily through the sale of crude oil produced from its operations in the Kurdistan Region of Iraq. The company operates production-sharing contracts (PSCs) with the Kurdistan Regional Government (KRG), which allows it to share in the revenues generated from oil sales after recouping its capital and operational expenditures. Key revenue streams include the sale of crude oil to various buyers, which may include local refineries and international markets. Additionally, the company benefits from strategic partnerships that enhance its operational capabilities and financial position, as well as potential future income from natural gas production and other hydrocarbons. Factors contributing to its earnings include oil market prices, production levels, and the efficiency of its extraction processes.

ShaMaran Petroleum Financial Statement Overview

Summary

ShaMaran Petroleum demonstrates solid financial health with strong profitability and cash flow generation. The company has effectively managed its leverage, improving its financial stability. While the income statement shows impressive growth and margins, the balance sheet and cash flow statements highlight areas for cautious optimism, particularly in maintaining leverage and cash flow alignment with net income.

Income Statement

ShaMaran Petroleum has shown strong revenue growth with a 10.4% increase in the TTM period. The company maintains a high net profit margin of 66.5%, indicating efficient cost management and profitability. However, the EBIT margin of 89.97% suggests potential volatility in earnings before interest and taxes, which could pose risks if not managed carefully.

Balance Sheet

The company's debt-to-equity ratio has improved to 0.85 in the TTM period, reflecting better leverage management compared to previous years. Return on equity is strong at 40.78%, indicating effective use of shareholder funds. However, the equity ratio remains moderate, suggesting a balanced but cautious approach to asset financing.

Cash Flow

ShaMaran Petroleum's free cash flow growth rate of 11.59% in the TTM period is a positive indicator of cash generation capabilities. The operating cash flow to net income ratio of 2.22 shows strong cash flow relative to earnings, enhancing financial flexibility. However, the free cash flow to net income ratio of 0.94 suggests that while cash flow is robust, it is closely aligned with net income, indicating limited buffer for unexpected expenses.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	134.96M	109.39M	82.89M	176.66M	102.32M	56.67M
Gross Profit	53.60M	43.28M	30.52M	105.94M	49.89M	7.11M
EBITDA	83.74M	150.66M	37.19M	198.49M	69.16M	-98.35M
Net Income	12.40M	82.22M	-26.71M	114.96M	13.38M	-144.43M
Balance Sheet
Total Assets	431.18M	494.69M	450.41M	498.69M	368.46M	243.37M
Cash, Cash Equivalents and Short-Term Investments	54.71M	76.79M	48.88M	69.27M	43.59M	16.97M
Total Debt	145.84M	215.19M	273.98M	285.51M	302.80M	218.96M
Total Liabilities	202.31M	271.49M	310.98M	335.00M	349.93M	239.71M
Stockholders Equity	228.86M	223.20M	139.43M	163.69M	18.54M	3.67M
Cash Flow
Free Cash Flow	100.12M	89.20M	12.44M	79.44M	49.68M	3.96M
Operating Cash Flow	99.10M	97.97M	40.48M	105.28M	63.90M	12.86M
Investing Cash Flow	9.44M	-4.05M	-22.28M	-123.69M	9.70M	201.00K
Financing Cash Flow	-100.87M	-89.10M	-52.26M	-47.48M	69.75M	-147.00K

ShaMaran Petroleum Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.24
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SNM, the sentiment is Negative. The current price of 0.24 is below the 20-day moving average (MA) of 0.25, below the 50-day MA of 0.25, and above the 200-day MA of 0.22, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 46.39 is Neutral, neither overbought nor oversold. The STOCH value of 37.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:SNM.

ShaMaran Petroleum Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
VLE	82 Outperform	C$868.58M	2.52	58.06%	―	23.77%	198.71%
TNZ	73 Outperform	C$698.18M	3.42	98.62%	―	194.52%	10204.44%
LGN	68 Neutral	C$479.67M	19.04	10.64%	―	40.83%	26.01%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
SNM	52 Neutral	C$704.49M	40.83	5.65%	―	46.17%	-82.95%
SGY	52 Neutral	C$680.76M	15.28	5.87%	7.59%	-7.36%	―
OBE	50 Neutral	C$549.01M	-2.60	-14.96%	―	-11.85%	-307.86%

ShaMaran Petroleum Corporate Events

ShaMaran Petroleum Grants Stock Options and RSUs to Key Personnel

ShaMaran Petroleum Corp. has granted 8,300,000 stock options and 11,540,000 Restricted Share Units to certain officers, employees, and eligible persons as part of its long-term incentive plans. This move reflects the company’s commitment to incentivizing its workforce and aligns with its strategic focus on the Kurdistan region, potentially impacting its operational dynamics and stakeholder interests.

ShaMaran Petroleum Completes First Oil Cargo Lifting from Ceyhan Terminal

ShaMaran Petroleum Corp. has announced the successful completion of its first crude oil cargo lifting from the Ceyhan oil terminal in Türkiye, marking a significant milestone under its interim pipeline export agreements. This development is expected to enhance the company’s operational cash flow, with payments anticipated within 30 days and additional liftings planned. The move underscores ShaMaran’s strategic positioning in the oil export market and its ongoing commitment to leveraging its assets in the Kurdistan region.

ShaMaran Petroleum Reports Q3 2025 Results Amid Pipeline Reopening

ShaMaran Petroleum Corp. reported its third-quarter 2025 results, highlighting the reopening of the Iraq-Türkiye pipeline, which had been closed for over two years. This resumption allows the company to export oil at international prices, improving revenue potential despite recent operational disruptions from a drone attack. The company is working on long-term agreements to ensure full contractual payments and is addressing outstanding receivables from past sales. Financially, ShaMaran experienced a slight revenue decline due to the drone strike but anticipates improved cash flow with the pipeline’s reopening.

ShaMaran Petroleum to Resume Oil Exports via Iraq-Türkiye Pipeline

ShaMaran Petroleum Corp. announced interim agreements with the Kurdistan Regional Government, the Government of Iraq, and several International Oil Companies to restart oil exports via the Iraq-Türkiye pipeline. These agreements, based on the Iraqi Budget Law amendment, will allow oil exports from the Kurdistan Region of Iraq to resume, benefiting both the region and federal Iraq by ensuring stability and continued investment. The agreements also address compensation for production and transportation costs and ongoing discussions about outstanding accounts receivable from past oil sales. Production at ShaMaran’s Sarsang Block has returned to full capacity, and the Atrush Block is producing approximately 35,000 barrels of oil per day.