88 Energy Limited - 88E.AX

88E.AX Returns vs S&P 500 ⓘ

ticker	1 day return %	1 week return %	1 month return %	3 months return %	6 months return %	1 year return %	3 years return %	5 years return %	10 years return %	maximum return %
88E.AX	-50	-50	-50	-50	-50	-75	-97.5	-96.2	-91.6	-99.6
S&P 500	1.0	1.5	1.1	2.3	8.9	23.6	33.8	80.6	196.5	33856.2

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Returns Charts ⓘ

Interactive Price Chart

Our interactive price chart includes various drawing tools to help you analyze the product more effectively. Below is a quick guide on how to use these tools: Full Guideline

Real-time Full Quote

Attribute	Value
symbol	88E.AX
name	88 Energy Limited
price	0.001
changes percentage	-50
change	-0.001
day low	0.001
day high	0.002
year high	0.008
year low	0.001
market cap	28933800
price avg 50	0.00179
price avg 200	0.002345
exchange	ASX
volume	2993571
avg volume	15237253
open	0.002
previous close	0.002
eps	0
pe	None
earnings announcement	2025-01-28T10:59:00.000+0000
shares outstanding	28933800000
timestamp	2025-01-20 05:10:41

Financial Statements ⓘ

We derive the score of a company's financial statements by evaluating the weighted average sentiment across key within the statements. The cumulative score, normalized to a sum of 1, serves as a metric for assessing the company's performance during the specified period. A higher score indicates stronger performance. However, it's crucial to note that while this score provides valuable insights, it is just one of many factors to consider when making informed investment decisions. A holistic evaluation, considering various aspects of the company's financial health and market conditions, is essential for a well-rounded investment strategy.

Overall Annual Financial Health: 44.0%

Overall Quarterly Financial Health: 4.0%

Income Statements ⓘ

• Annual Income Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
revenue	0	2500	-100.00
gross profit	-64227	-57807	-11.11
gross profit ratio	0	-23.12	100.00
research and development expenses	0	0	NaN
operating expenses	16004355	5824129	174.79
interest income	500927	19260	2500.87
interest expense	0	8583	-100.00
ebitda	-16040447	-73979483	78.32
ebitdaratio	0	-825.61	100.00
operating income	-16004355	-5884436	-171.98
operating income ratio	0	-2353.77	100.00
net income	-14439233	-135550817	89.35
net income ratio	0	-54220.33	100.00
eps	-0.0	-0.01	92.50

Overall Score of Annual Income Statement

0.43 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Revenue Growth: revenue decreased to 0 million in 2023 from 0 million in 2022 representing a change of -100.0%. This indicates a sales shrinking, which is a negative sign for the company.

  Gross Profit: Gross Profit decreased to 0 million in 2023 from 0 million in 2022 representing a change of -11.11%. This indicates a sales profitability decline, which is a negative sign for the company.

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) decreased to -16 million in 2023 from -74 million in 2022 representing a change of 78.32%. The decrease in EBITDA indicates declined operational efficiency and profitability.

  Operating Income: Operating income decreased to -16 million in 2023 from -6 million in 2022 representing a change of -171.98%. The decrease in operating income indicates worse operational performance and decreased profitability.

• 📈 Positive Indicators

  Operating Expenses: Operating Expenses decreased to 16 million in 2023 from 6 million in 2022 representing a change of 174.79%. The decrease in operating expenses can be attributed to various factors such as improved profitability, cost optimization and financial stability, lower operating expenses can be positive indicators.

  Net Income: Net income increased to -14 million in 2023 from -136 million in 2022 representing a change of 89.35%. The increase in net income shows improved profitability and indicates that the company is generating more profit for each dollar of revenue.

  Earnings per Share (EPS): EPS increased to -0.0 in 2023 from -0.0 in 2022 representing a change of 92.5%. This indicates that the company's earnings are increasing and it is becoming more profitable on a per-share basis.

• Quarterly Income Statement

Note: The years below are fiscal years in accounting.

	2024Q2	2023Q4	Q/Q change %
0000000000
revenue	0	0	NaN
gross profit	-39204	-32599	-20.26
gross profit ratio	0	0	NaN
research and development expenses	0	0	NaN
operating expenses	30671	2966608	-98.97
interest income	295574	462642	-36.11
interest expense	0	0	NaN
ebitda	-30687.22	-3571017	99.14
ebitdaratio	0	0	NaN
operating income	-30671.28	-2999210	98.98
operating income ratio	0	0	NaN
net income	-29888.49	-2710511	98.90
net income ratio	0	0	NaN
eps	0	-0.0	100.00

Overall Score of Quarterly Income Statement

None

Detailed Analysis

Balance Sheets ⓘ

• Annual Balance Sheet

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
total assets	156525440	133025884	17.67
total liabilities	840041	1349868	-37.77
total equity	155685399	131676016	18.23
cash and cash equivalents	18182727	14123731	28.74
short term investments	1	-885608	100.00
long term investments	23251218	20854266	11.49
total current assets	22156661	15673547	41.36
total non current assets	134368779	117352337	14.50
total current liabilities	840041	1349868	-37.77
total non current liabilities	0	993924	-100.00
common stock	379917222	340972669	11.42
retained earnings	-254204475	-239765242	-6.02
total debt	0	0	NaN

Overall Score of Annual Balance Sheet

0.89 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Total Assets: Total Assets increased to 157 million in 2023 from 133 million in 2022 representing a change of 17.67%. Suggesting a growth in asset holdings.

  Total Liabilities: Total Liabilities decreased to 1 million in 2023 from 1 million in 2022 representing a change of -37.77%. This indicates a decrease in overall liabilities.

  Total Equity: Total Equity increased to 156 million in 2023 from 132 million in 2022 representing a change of 18.23%. This indicates an increase in shareholders' equity.

  Cash And Cash Equivalents: Cash And Cash Equivalents increased to 18 million in 2023 from 14 million in 2022 representing a change of 28.74%. This indicates an increase in available liquid assets.

  Short Term Investments: Short Term Investments increased to 0 million in 2023 from -1 million in 2022 representing a change of 100.0%. This indicates an increase in short-term investment holdings.

  Total Current Assets: Total Current Assets increased to 22 million in 2023 from 16 million in 2022 representing a change of 41.36%. This indicates a better liquidity position.

  Total Current Liabilities: Total Current Liabilities decreased to 1 million in 2023 from 1 million in 2022 representing a change of -37.77%. This indicates a lower short-term debt burden.

  Common Stock: Common Stock increased to 380 in 2023 from 341 in 2022 representing a change of 11.42%. This indicates an increase in ownership interest.

• 📉 Negative Indicators

  Retained Earnings: Retained Earnings decreased to -254 million in 2023 from -240 million in 2022 representing a change of -6.02%. This indicates an accumulated losses.

• Quarterly Balance Sheet

Note: The years below are fiscal years in accounting.

	2024Q2	2023Q4	Q/Q change %
0000000000
total assets	143986000	156525440	-8.01
total liabilities	1793000	840041	113.44
total equity	142193000	155685399	-8.67
cash and cash equivalents	7882132	18182727	-56.65
short term investments	0	0	NaN
long term investments	22881956	23689818	-3.41
total current assets	15259910	22156661	-31.13
total non current assets	128726090	134368779	-4.20
total current liabilities	1792244	840041	113.35
total non current liabilities	756	0	NaN
common stock	392539307	379917222	3.32
retained earnings	-284092000	-254204475	-11.76
total debt	0	0	NaN

Overall Score of Quarterly Balance Sheet

0.12 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Total Assets: Total Assets decreased to 144 million in 2024Q2 from 157 million in 2023Q4 representing a change of -8.01%. Suggesting a decrease in asset holdings.

  Total Liabilities: Total Liabilities increased to 2 million in 2024Q2 from 1 million in 2023Q4 representing a change of 113.44%. This indicates an increase in overall liabilities.

  Total Equity: Total Equity decreased to 142 million in 2024Q2 from 156 million in 2023Q4 representing a change of -8.67%. This indicates a decrease in shareholders' equity.

  Cash And Cash Equivalents: Cash And Cash Equivalents decreased to 8 million in 2024Q2 from 18 million in 2023Q4 representing a change of -56.65%. This indicates a decrease in available liquid assets.

  Total Current Assets: Total Current Assets decreased to 15 million in 2024Q2 from 22 million in 2023Q4 representing a change of -31.13%. This indicates a worsen liquidity position.

  Total Current Liabilities: Total Current Liabilities increased to 2 million in 2024Q2 from 1 million in 2023Q4 representing a change of 113.35%. This indicates a higher short-term debt burden.

  Retained Earnings: Retained Earnings decreased to -284 million in 2024Q2 from -254 million in 2023Q4 representing a change of -11.76%. This indicates an accumulated losses.

• 📈 Positive Indicators

  Common Stock: Common Stock increased to 393 in 2024Q2 from 380 in 2023Q4 representing a change of 3.32%. This indicates an increase in ownership interest.

Cashflow Statements ⓘ

• Annual Cashflow Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
net change in cash	4058995	-18194156	122.31
operating cash flow	-5381530	-135550817	96.03
free cash flow	-35285310	-188195244	81.25
capital expenditure	-29903780.0	-52644427	43.20
depreciation and amortization	64227	60307	6.50
deferred income tax	0	-136384807	100.00
stock based compensation	879455	658111	33.63
accounts payables	182073	-7616	2490.66
inventory	0	0	NaN
acquisitions net	-873975	-10693565	91.83
investments in property plant and equipment	-29903780	-52644427	43.20
net cash used for investing activites	-23667110	-57839286	59.08
debt repayment	0	0	NaN
common stock issued	35414713	47052778	-24.73
common stock repurchased	0	0	NaN
dividends paid	0	0	NaN
net cash used provided by financing activities	33092684	43903449	-24.62
cash at end of period	18182727	14123731	28.74
accounts receivables	0	24722	-100.00
cash at beginning of period	14123731	32317887	-56.30

Overall Score of Annual Cashflow Statement

None

Detailed Analysis

• Quarterly Cashflow Statement

Note: The years below are fiscal years in accounting.

	2024Q2	2023Q4	Q/Q change %
0000000000
operating cash flow	-1908.21	-430798	99.56
free cash flow	-24032.63	-6150990	99.61
capital expenditure	3	-5720192	100.00
depreciation and amortization	39204	32599	20.26
deferred income tax	0	-535915	100.00
stock based compensation	-86.38	431956	-100.02
accounts receivables	0	0	NaN
accounts payables	0	0	NaN
inventory	0	0	NaN
acquisitions net	0	0	NaN
investments in property plant and equipment	-22124.42	-5720192	99.61
net cash used for investing activites	-17916590	-4945949	-262.25
debt repayment	0	0	NaN
common stock issued	9026143	16772620	-46.19
common stock repurchased	0	0	NaN
dividends paid	0	0	NaN
net cash used provided by financing activities	9026142	16772621	-46.19
net change in cash	7882.13	10860359	-99.93
cash at end of period	7882.13	18182727	-99.96
cash at beginning of period	0	7322368	-100.00

Overall Score of Quarterly Cashflow Statement

None

Detailed Analysis

Earnings Transcripts ⓘ

No earnings transcripts available.

Earnings Per Share (EPS) ⓘ

Analyst Stock Recommendations ⓘ

Discover detailed analyst recommendations for stocks, including categories such as Buy, Hold, Sell, Strong Buy, and Strong Sell. These insights are based on thorough analysis of financial and market factors. The consensus is calculated by assigning a numerical score to each recommendation. These scores are then weighted and averaged over a specified period to provide a comprehensive view of the stock's outlook, with the final score determining the overall consensus.

Financial Ratios ⓘ

• Annual Financial Ratios

	2023-12-31	2022-12-31	Y/Y change %
FY
calendar year	2023	2022	NaN
revenue per share	0	0.0	-100.00
net income per share	-0.0	-0.01	92.07
operating cash flow per share	-0.0	-0.01	97.05
free cash flow per share	-0.0	-0.01	86.05
cash per share	0.0	0.0	2.20
book value per share	0.01	0.01	-12.03
tangible book value per share	0.01	0.01	-12.03
shareholders equity per share	0.01	0.01	-12.03
interest debt per share	0	0.0	-100.00
market cap	113160130	185231512.67	-38.91
enterprise value	94977403	171107781.67	-44.49
pe ratio	-7.84	-1.37	-473.50
price to sales ratio	0	74092.61	-100.00
pocfratio	-21.03	-1.37	-1438.77
pfcf ratio	-3.21	-0.98	-225.83
pb ratio	0.73	1.41	-48.33
ptb ratio	0.73	1.41	-48.33
ev to sales	0	68443.11	-100.00
enterprise value over ebitda	-5.92	-2.31	-156.00
ev to operating cash flow	-17.65	-1.26	-1298.13
ev to free cash flow	-2.69	-0.91	-196.05
earnings yield	-0.13	-0.73	82.56
free cash flow yield	-0.31	-1.02	69.31
debt to equity	0	0	NaN
debt to assets	0	0	NaN
net debt to ebitda	1.13	0.19	493.75
current ratio	26.38	11.61	127.16
interest coverage	0	-685.59	100.00
income quality	0.37	1	-62.73
dividend yield	0	0	NaN
payout ratio	0	0	NaN
sales general and administrative to revenue	0	1111.58	-100.00
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0	0	NaN
capex to operating cash flow	-5.56	-0.39	-1330.77
capex to revenue	0	21057.77	-100.00
capex to depreciation	465.6	872.94	-46.66
stock based compensation to revenue	0	263.24	-100.00
graham number	0.01	0.04	-73.59
roic	-0.09	-0.09	-7.61
return on tangible assets	-0.09	-1.02	90.95
graham net net	0.0	0.0	16.11
working capital	21316620	14323679	48.82
tangible asset value	155685399	131676016	18.23
net current asset value	21316620	14323679	48.82
invested capital	21407188	110766934	-80.67
average receivables	0	467965	-100.00
average payables	737391	1052248.5	-29.92
average inventory	-774908	-774908	0.00
days sales outstanding	0	0	NaN
days payables outstanding	2732.7	6015.59	-54.57
days of inventory on hand	0	-9380.05	100.00
receivables turnover	0	0	NaN
payables turnover	0.13	0.06	120.13
inventory turnover	0	-0.04	100.00
roe	-0.09	-1.03	90.99
capex per share	0.0	0.0	-57.74

• Negative

  ROE: Return on Equity (ROE) increased to -0.09 on 2023-12-31 from -1.03 on 2022-12-31, representing a change of 90.99%. However, ROE is <= 5%, suggesting that the company has not been generating high returns for its shareholders.

  PE Ratio: Price-to-Earnings (P/E) Ratio decreased to -7.84 on 2023-12-31 from -1.37 on 2022-12-31, representing a change of -473.50%. Indicating a decrease in the relative valuation of the company's stock.

  Current Ratio: Current Ratio increased to 26.38 on 2023-12-31 from 11.61 on 2022-12-31, representing a change of 127.16%. The current ratio has been increasing, suggesting an increase in the company's short-term liquidity. Since it's above 3, indicating poor management of working capital.

• Quarterly Financial Ratios

	2024-06-30 Q2	2023-12-31 Q4	Q/Q change %
88E.AX
calendar year	2024	2023	NaN
revenue per share	0	0	NaN
net income per share	-0.0	-0.0	99.09
operating cash flow per share	-0.0	-0.0	99.63
free cash flow per share	-0.0	-0.0	99.68
cash per share	0.0	0.0	-64.26
book value per share	0.0	0.01	-24.70
tangible book value per share	0.0	0.01	-24.70
shareholders equity per share	0.0	0.01	-24.70
interest debt per share	0	0	NaN
market cap	59776972	123204012.81	-51.48
enterprise value	51894840	105021285.81	-50.59
pe ratio	-500.0	-11.36	-4300.04
price to sales ratio	0	0	NaN
pocfratio	-31326.15	-285.99	-10853.58
pfcf ratio	-2487.33	-20.03	-12318.03
pb ratio	0.42	0.79	-46.88
ptb ratio	0.42	0.79	-46.88
ev to sales	0	0	NaN
enterprise value over ebitda	-1691.09	-29.41	-5650.18
ev to operating cash flow	-27195.52	-243.78	-11055.62
ev to free cash flow	-2159.35	-17.07	-12547.09
earnings yield	-0.0	-0.02	97.73
free cash flow yield	-0.0	-0.05	99.19
debt to equity	0	0	NaN
debt to assets	0	0	NaN
net debt to ebitda	256.85	5.09	4944.51
current ratio	8.51	26.38	-67.72
interest coverage	0	0	NaN
income quality	0.06	0.16	-59.83
dividend yield	0	0	NaN
payout ratio	0	0	NaN
sales general and administrative to revenue	0	0	NaN
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0	0	NaN
capex to operating cash flow	-0.0	-13.28	99.99
capex to revenue	0	0	NaN
capex to depreciation	0.0	175.47	-100.00
stock based compensation to revenue	0	0	NaN
graham number	0.0	0.0	-91.73
roic	-0.0	-0.01	98.51
return on tangible assets	-0.0	-0.02	98.80
graham net net	0.0	0.0	-67.31
working capital	13467666	21316620	-36.82
tangible asset value	142193000	155685399	-8.67
net current asset value	13466910	21316620	-36.82
invested capital	118824666	21407188	455.07
average receivables	None	None	NaN
average payables	None	None	NaN
average inventory	None	None	NaN
days sales outstanding	0	0	NaN
days payables outstanding	3615.29	1327.56	172.33
days of inventory on hand	0	-10971.32	100.00
receivables turnover	0	0	NaN
payables turnover	0.02	0.07	-63.28
inventory turnover	0	-0.01	100.00
roe	-0.0	-0.02	98.79
capex per share	0.0	0.0	-100.00

• Negative

  ROE: Return on Equity (ROE) increased to -0.00 on 2024-06-30 Q2 from -0.02 on 2023-12-31 Q4, representing a change of 98.79%. However, ROE is <= 5%, suggesting that the company has not been generating high returns for its shareholders.

  PE Ratio: Price-to-Earnings (P/E) Ratio decreased to -500.00 on 2024-06-30 Q2 from -11.36 on 2023-12-31 Q4, representing a change of -4300.04%. Indicating a decrease in the relative valuation of the company's stock.

  Current Ratio: Current Ratio decreased to 8.51 on 2024-06-30 Q2 from 26.38 on 2023-12-31 Q4, representing a change of -67.72%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. Since it's above 3, indicating poor management of working capital.

Growth Rates ⓘ

• Annual Growth

• Quarterly Growth

Intrinsic Value (Discounted Cash Flow) ⓘ

Negative Sentiment: Discounted Cash Flow value is 0.0 which is lower than current price 0.0, indicates the company may be overvalued.