VAALCO Energy, Inc. (EGY) 10-Year Financial Performance & Capital Metrics

EGY • • Industrial / General

EnergyOil & Gas E&PInternational E&PGlobal Offshore Operators

AboutVAALCO Energy, Inc., an independent energy company, acquires, explores for, develops, and produces crude oil and natural gas. The company holds Etame production sharing contract related to the Etame Marin block located offshore in the Republic of Gabon in West Africa. It also owns interests in an undeveloped block offshore Equatorial Guinea, West Africa. VAALCO Energy, Inc. was incorporated in 1985 and is headquartered in Houston, Texas.Show more

Revenue $479M +5.3%
EBITDA $280M +2.0%
Net Income $58M -3.1%
EPS (Diluted) 0.56
Gross Margin 36% -12.2%
EBITDA Margin 58.36% -3.1%
Operating Margin 28.5% -18.3%
Net Margin 12.21% -7.9%
ROE 11.93% -6.6%
ROIC 21.2% -13.9%
Debt/Equity 0.20 +3.2%
Interest Coverage 36.57 +48.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 86.9%
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 37.7%
✓Share count reduced 2.6% through buybacks
✓Trading at only 0.8x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y14.13%

5Y37.69%

3Y34%

TTM-16.7%

Profit (Net Income) CAGR

10Y-

5Y86.92%

3Y-10.59%

TTM-68.21%

EPS CAGR

10Y-

5Y-

3Y-25.79%

TTM-67.96%

ROCE

10Y Avg14.73%

5Y Avg23.35%

3Y Avg26.9%

Latest18.58%

Peer Comparison

Global Offshore Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
OXYOccidental Petroleum Corporation	42.67B	43.31	17.72	-4.35%	7.72%	5.62%	10.36%	0.79
COPConocoPhillips	119.2B	96.46	12.35	-2.72%	14.67%	13.6%	6.72%	0.39
MURMurphy Oil Corporation	4.75B	33.27	12.32	-12.48%	5.2%	2.72%	17.28%	0.39
APAAPA Corporation	9.12B	25.72	11.28	17.61%	15.65%	21.99%	8.43%	0.97
WDSWoodside Energy Group Ltd	30.08B	15.82	8.46	-5.82%	18.25%	12.49%	3.14%	0.32
EGYVAALCO Energy, Inc.	406.61M	3.90	6.96	5.26%	6.84%	5.71%	2.64%	0.20
KOSKosmos Energy Ltd.	593.13M	1.24	3.10	-1.54%	-23.66%	-36.63%		2.30
WTIW&T Offshore, Inc.	278.21M	1.87	-3.17	-1.39%	-29.25%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	80.44M	59.78M	77.03M	104.94M	96.77M	77.41M	199.07M	354.33M	455.07M	478.99M
Revenue Growth %	-0.37%	-0.26%	0.29%	0.36%	-0.08%	-0.2%	1.57%	0.78%	0.28%	0.05%
Cost of Goods Sold+	76.07M	44.51M	46.15M	46.01M	57.02M	56.93M	102.31M	160.8M	268.46M	306.53M
COGS % of Revenue	0.95%	0.74%	0.6%	0.44%	0.59%	0.74%	0.51%	0.45%	0.59%	0.64%
Gross Profit+	4.37M	15.27M	30.87M	58.93M	39.75M	20.48M	96.76M	193.52M	186.61M	172.45M
Gross Margin %	0.05%	0.26%	0.4%	0.56%	0.41%	0.26%	0.49%	0.55%	0.41%	0.36%
Gross Profit Growth %	-0.94%	2.49%	1.02%	0.91%	-0.33%	-0.48%	3.72%	1%	-0.04%	-0.08%
Operating Expenses+	66.6M	18.35M	10.47M	7.72M	18.56M	47.74M	17.66M	22.25M	27.95M	35.96M
OpEx % of Revenue	0.83%	0.31%	0.14%	0.07%	0.19%	0.62%	0.09%	0.06%	0.06%	0.08%
Selling, General & Admin	17.2M	9.23M	10.38M	11.4M	14.86M	10.7M	14.77M	10.08M	23.84M	29.68M
SG&A % of Revenue	0.21%	0.15%	0.13%	0.11%	0.15%	0.14%	0.07%	0.03%	0.05%	0.06%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	809K	-2.02M	0	4.33M	3.7M	37.05M	2.89M	12.17M	4.11M	6.27M
Operating Income+	-143.55M	-4.39M	19.95M	51.29M	21.19M	-27.26M	79.1M	171.28M	158.66M	136.5M
Operating Margin %	-1.78%	-0.07%	0.26%	0.49%	0.22%	-0.35%	0.4%	0.48%	0.35%	0.28%
Operating Income Growth %	-1.64%	0.97%	5.54%	1.57%	-0.59%	-2.29%	3.9%	1.17%	-0.07%	-0.14%
EBITDA+	-110.54M	2.54M	26.41M	56.88M	28.52M	-17.7M	100.16M	219.42M	273.96M	279.53M
EBITDA Margin %	-1.37%	0.04%	0.34%	0.54%	0.29%	-0.23%	0.5%	0.62%	0.6%	0.58%
EBITDA Growth %	-2.22%	1.02%	9.42%	1.15%	-0.5%	-1.62%	6.66%	1.19%	0.25%	0.02%
D&A (Non-Cash Add-back)	33.01M	6.93M	6.46M	5.6M	7.32M	9.56M	21.06M	48.14M	115.3M	143.03M
EBIT	-142.73M	-6.4M	21.7M	55.62M	20.85M	4.53M	79.97M	125.34M	161.24M	143.53M
Net Interest Income+	-1.32M	-2.61M	-1.41M	-145K	733K	155K	10K	-2.03M	-6.45M	-3.73M
Interest Income	12K	3K	0	0	733K	155K	10K	0	0	0
Interest Expense	1.34M	2.62M	1.41M	145K	0	0	0	2.03M	6.45M	3.73M
Other Income/Expense	-516K	-4.63M	699K	4.19M	-151K	6.86M	-19.32M	-47.97M	-8.51M	3.3M
Pretax Income+	-144.07M	-9.02M	20.65M	55.47M	21.04M	-20.4M	59.78M	123.31M	150.15M	139.8M
Pretax Margin %	-1.79%	-0.15%	0.27%	0.53%	0.22%	-0.26%	0.3%	0.35%	0.33%	0.29%
Income Tax+	14.59M	9.25M	10.38M	-43.25M	23.89M	27.68M	-22.16M	71.42M	89.78M	81.31M
Effective Tax Rate %	1.1%	2.94%	0.47%	1.77%	0.12%	2.36%	1.37%	0.42%	0.4%	0.42%
Net Income+	-158.66M	-26.55M	9.65M	98.23M	2.56M	-48.18M	81.84M	51.89M	60.35M	58.49M
Net Margin %	-1.97%	-0.44%	0.13%	0.94%	0.03%	-0.62%	0.41%	0.15%	0.13%	0.12%
Net Income Growth %	-1.05%	0.83%	1.36%	9.18%	-0.97%	-19.8%	2.7%	-0.37%	0.16%	-0.03%
Net Income (Continuing)	-120.55M	-18.27M	10.27M	98.73M	-2.85M	-48.08M	81.93M	51.89M	60.37M	58.49M
Discontinued Operations	0	0	0	0	5.41M	-98K	-98K	-72K	-15K	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-2.72	-0.45	0.16	1.64	-0.05	-0.83	1.37	0.73	0.56	0.56
EPS Growth %	-1%	0.83%	1.36%	9.25%	-1.03%	-16.22%	2.65%	-0.47%	-0.23%	0%
EPS (Basic)	-2.72	-0.45	0.16	1.66	-0.05	-0.83	1.37	0.74	0.56	0.56
Diluted Shares Outstanding	58.29M	58.38M	58.72M	60M	59.14M	57.59M	58.76M	69.98M	106.56M	103.75M
Basic Shares Outstanding	58.29M	58.38M	58.72M	59.25M	59.14M	57.59M	58.23M	69.57M	106.38M	103.67M
Dividend Payout Ratio	-	-	-	-	-	-	-	0.18%	0.44%	0.45%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	63.74M	38.48M	36.45M	58.79M	69.76M	63.98M	88.29M	200.1M	228.14M	237.93M
Cash & Short-Term Investments	25.36M	20.47M	19.67M	33.36M	46.83M	47.85M	48.67M	37.2M	121.11M	82.65M
Cash Only	25.36M	20.47M	19.67M	33.36M	46.83M	47.85M	48.67M	37.2M	121.11M	82.65M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	5.39M	10.17M	7.05M	14.25M	18.57M	0	32.79M	140.41M	92.64M	130.72M
Days Sales Outstanding	24.48	62.08	33.41	49.58	70.03	-	60.11	144.64	74.31	99.61
Inventory	833K	997K	3.26M	785K	1.07M	3.91M	1.59M	3.33M	4.6M	9.44M
Days Inventory Outstanding	4	8.18	25.8	6.23	6.86	25.04	5.68	7.57	6.26	11.24
Other Current Assets	29.22M	2.88M	3.68M	4.09M	3.29M	8M	79K	324K	2.43M	8.3M
Total Non-Current Assets+	60.22M	42.56M	43.18M	107.52M	141.78M	77.25M	174.8M	655.54M	595.08M	717.02M
Property, Plant & Equipment	33.37M	28.02M	23.22M	52.72M	101.64M	59.6M	104.55M	588.75M	552.13M	635.21M
Fixed Asset Turnover	2.41x	2.13x	3.32x	1.99x	0.95x	1.30x	1.90x	0.60x	0.82x	0.75x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	20.05M	6.03M	7.89M	3.15M	4.61M	0	0	0	6.01M	19.97M
Other Non-Current Assets	6.79M	8.51M	18.7M	14.72M	11.37M	17.65M	30.27M	31.36M	7.7M	6.27M
Total Assets+	123.96M	81.03M	79.63M	166.31M	211.54M	141.23M	263.09M	855.64M	823.22M	954.95M
Asset Turnover	0.65x	0.74x	0.97x	0.63x	0.46x	0.55x	0.76x	0.41x	0.55x	0.50x
Asset Growth %	-0.5%	-0.35%	-0.02%	1.09%	0.27%	-0.33%	0.86%	2.25%	-0.04%	0.16%
Total Current Liabilities+	66.72M	55.55M	46.59M	41.04M	63.75M	52.58M	84.26M	162.09M	127.47M	181.73M
Accounts Payable	44.14M	19.1M	11.58M	8.08M	15.9M	16.69M	18.8M	59.89M	22.15M	11.76M
Days Payables Outstanding	211.78	156.59	91.61	64.12	101.76	107	67.06	135.93	30.12	14
Short-Term Debt	0	7.5M	6.67M	0	11.99M	0	0	0	12.47M	0
Deferred Revenue (Current)	0	1000K	1000K	0	0	0	0	0	0	0
Other Current Liabilities	4.13M	19.45M	15.85M	25.48M	28.39M	14.53M	13.96M	8.5M	69.84M	25.55M
Current Ratio	0.96x	0.69x	0.78x	1.43x	1.09x	1.22x	1.05x	1.23x	1.79x	1.31x
Quick Ratio	0.94x	0.67x	0.71x	1.41x	1.08x	1.14x	1.03x	1.21x	1.75x	1.26x
Cash Conversion Cycle	-183.31	-86.33	-32.39	-8.32	-24.87	-	-1.26	16.28	50.45	96.86
Total Non-Current Liabilities+	31.17M	25.84M	22.76M	15.44M	38.07M	27.2M	34.54M	227.45M	216.96M	271.64M
Long-Term Debt	15M	6.94M	2.31M	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	21.37M	9.67M	587K	78.93M	78.33M	81.28M
Deferred Tax Liabilities	0	0	0	0	0	0	0	81.22M	73.58M	93.9M
Other Non-Current Liabilities	16.17M	18.9M	20.45M	15.44M	16.7M	17.53M	33.95M	67.29M	65.05M	96.45M
Total Liabilities	97.88M	81.39M	69.34M	56.48M	101.82M	79.77M	118.79M	389.54M	344.43M	453.37M
Total Debt+	15M	14.44M	8.97M	0	33.36M	22.56M	10.23M	89.06M	90.8M	98.17M
Net Debt	-10.36M	-6.03M	-10.69M	-33.36M	-13.47M	-25.29M	-38.45M	51.85M	-30.31M	15.53M
Debt / Equity	0.58x	-	0.87x	-	0.30x	0.37x	0.07x	0.19x	0.19x	0.20x
Debt / EBITDA	-	5.70x	0.34x	-	1.17x	-	0.10x	0.41x	0.33x	0.35x
Net Debt / EBITDA	-	-2.38x	-0.40x	-0.59x	-0.47x	-	-0.38x	0.24x	-0.11x	0.06x
Interest Coverage	-107.37x	-1.68x	14.11x	353.70x	-	-	-	84.21x	24.59x	36.57x
Total Equity+	26.08M	-358K	10.29M	109.83M	109.72M	61.46M	144.3M	466.11M	478.78M	501.58M
Equity Growth %	-0.86%	-1.01%	29.74%	9.67%	-0%	-0.44%	1.35%	2.23%	0.03%	0.05%
Book Value per Share	0.45	-0.01	0.18	1.83	1.86	1.07	2.46	6.66	4.49	4.83
Total Shareholders' Equity	26.08M	-358K	10.29M	109.83M	109.72M	61.46M	144.3M	466.11M	478.78M	501.58M
Common Stock	6.6M	6.61M	6.64M	6.72M	6.77M	6.79M	6.96M	11.95M	12.14M	12.23M
Retained Earnings	-11.76M	-39.3M	-29.65M	68.58M	70.83M	22.65M	104.49M	147.02M	177.49M	209.76M
Treasury Stock	-37.88M	-37.93M	-37.95M	-37.83M	-41.43M	-42.42M	-43.85M	-47.65M	-71.22M	-78.02M
Accumulated OCI	-400.17M	-380.99M	-386.15M	-390.61M	0	0	0	1.18M	2.88M	-4.96M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	38.88M	-3.45M	6.66M	37.18M	26.47M	27.45M	50.12M	128.85M	223.6M	113.72M
Operating CF Margin %	0.48%	-0.06%	0.09%	0.35%	0.27%	0.35%	0.25%	0.36%	0.49%	0.24%
Operating CF Growth %	0.66%	-1.09%	2.93%	4.58%	-0.29%	0.04%	0.83%	1.57%	0.74%	-0.49%
Net Income	-158.66M	-26.55M	9.65M	98.23M	2.56M	-48.18M	81.84M	51.89M	60.35M	58.49M
Depreciation & Amortization	33.01M	8.35M	6.83M	6.01M	7.32M	9.56M	21.06M	48.14M	115.3M	143.03M
Stock-Based Compensation	3.81M	192K	1.1M	2.31M	3.51M	114K	2.46M	2.2M	3.32M	4.43M
Deferred Taxes	1.35M	15.28M	-1.26M	-56.91M	14.48M	24.16M	-39.98M	44.8M	-2.86M	-16.79M
Other Non-Cash Items	130.09M	8.55M	-1.43M	-6.35M	-8.35M	34.37M	-2.67M	-19.29M	6.62M	-4.86M
Working Capital Changes	29.27M	-9.27M	-8.23M	-6.11M	6.95M	7.42M	-12.59M	1.1M	40.87M	-70.59M
Change in Receivables	14.17M	-1.05M	3.19M	-8.35M	-2.43M	15.74M	-22.64M	3.9M	23.95M	-51.36M
Change in Inventory	1.36M	-67K	-2.35M	2.48M	-287K	-2.83M	5.02M	-1.74M	1.39M	7.49M
Change in Payables	28.93M	-15.46M	-7.3M	-3.41M	6.01M	-842K	-922K	23.92M	-28.1M	-13.2M
Cash from Investing+	-83.01M	-1.29M	-1.65M	-14.13M	-10.35M	-24.33M	-39.06M	-123.21M	-97.22M	-102.12M
Capital Expenditures	-88.94M	-8.71M	-1.81M	-14.13M	-10.35M	-4.32M	-22.5M	-159.9M	-97.22M	-103M
CapEx % of Revenue	1.11%	0.15%	0.02%	0.13%	0.11%	0.06%	0.11%	0.45%	0.21%	0.22%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	5.93M	7.42M	100K	-14.13M	0	-20.01M	-16.56M	0	0	877K
Cash from Financing+	441K	-144K	-5.82M	-8.68M	-3.65M	-929K	-57K	-17.95M	-56.82M	-43.05M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	-9.35M	-26.77M	-26.22M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	-93K	0	0	0	0	0	-2.07M	0	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-50.07M	-12.16M	4.85M	23.05M	16.12M	3.12M	11.05M	-31.05M	126.37M	10.72M
FCF Margin %	-0.62%	-0.2%	0.06%	0.22%	0.17%	0.04%	0.06%	-0.09%	0.28%	0.02%
FCF Growth %	0.27%	0.76%	1.4%	3.76%	-0.3%	-0.81%	2.54%	-3.81%	5.07%	-0.92%
FCF per Share	-0.86	-0.21	0.08	0.38	0.27	0.05	0.19	-0.44	1.19	0.10
FCF Conversion (FCF/Net Income)	-0.25x	0.13x	0.69x	0.38x	10.33x	-0.57x	0.61x	2.48x	3.70x	1.94x
Interest Paid	1.34M	1.33M	997K	257K	0	0	0	1.66M	9.12M	6.71M
Taxes Paid	15.16M	9.21M	15.15M	12.11M	7.27M	8.74M	20.1M	26.26M	32.78M	37.47M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-153.63%	-206.47%	194.36%	163.56%	2.33%	-56.29%	79.55%	17%	12.77%	11.93%
Return on Invested Capital (ROIC)	-151.5%	-70.62%	-	101.14%	18.41%	-30.88%	83.55%	41.18%	24.63%	21.2%
Gross Margin	5.43%	25.55%	40.08%	56.16%	41.07%	26.46%	48.6%	54.62%	41.01%	36%
Net Margin	-197.22%	-44.41%	12.53%	93.61%	2.65%	-62.24%	41.11%	14.64%	13.26%	12.21%
Debt / Equity	0.58x	-	0.87x	-	0.30x	0.37x	0.07x	0.19x	0.19x	0.20x
Interest Coverage	-107.37x	-1.68x	14.11x	353.70x	-	-	-	84.21x	24.59x	36.57x
FCF Conversion	-0.25x	0.13x	0.69x	0.38x	10.33x	-0.57x	0.61x	2.48x	3.70x	1.94x
Revenue Growth	-37%	-25.68%	28.84%	36.25%	-7.79%	-20.01%	157.17%	77.99%	28.43%	5.26%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Gabon	-	-	76.98M	-	-	-	-	-	-	205.97M
Gabon Growth	-	-	-	-	-	-	-	-	-	-
Carried Interest Recoupment	-	-	-	3.54M	2.95M	1.63M	7.52M	5.84M	5.3M	-
Carried Interest Recoupment Growth	-	-	-	-	-16.78%	-44.71%	360.88%	-22.27%	-9.28%	-
Crude Oil Sales And Purchase Agreements	-	-	-	104.89M	86.55M	67.04M	200.32M	-	-	-
Crude Oil Sales And Purchase Agreements Growth	-	-	-	-	-17.48%	-22.54%	198.80%	-	-	-
Gabonese Government Share Of Profit Oil	-	-	-	2.19M	7.27M	8.74M	20.1M	-	-	-
Gabonese Government Share Of Profit Oil Growth	-	-	-	-	231.42%	20.23%	130.06%	-	-	-
U.s. Oil And Gas Revenue	-	-	-	5K	-	-	-	-	-	-
U.s. Oil And Gas Revenue Growth	-	-	-	-	-	-	-	-	-	-
U. S.	-	-	47K	-	-	-	-	-	-	-
U. S. Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Egypt	-	-	-	-	-	-	-	-	-	250.95M
Egypt Growth	-	-	-	-	-	-	-	-	-	-
Canada	-	-	-	-	-	-	-	-	-	31.99M
Canada Growth	-	-	-	-	-	-	-	-	-	-
U. S.	-	-	47K	-	-	-	-	-	-	-
U. S. Growth	-	-	-	-	-	-	-	-	-	-
G	79.95M	59.46M	-	-	-	-	-	-	-	-
G Growth	-	-25.63%	-	-	-	-	-	-	-	-
U	498K	324K	-	-	-	-	-	-	-	-
U Growth	-	-34.94%	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

VAALCO Energy, Inc. (EGY) has a price-to-earnings (P/E) ratio of 7.0x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

VAALCO Energy, Inc. (EGY) reported $421.8M in revenue for fiscal year 2024. This represents a 100% increase from $210.4M in 2011.

VAALCO Energy, Inc. (EGY) grew revenue by 5.3% over the past year. This is steady growth.

Yes, VAALCO Energy, Inc. (EGY) is profitable, generating $28.9M in net income for fiscal year 2024 (12.2% net margin).

Dividend & Returns

Yes, VAALCO Energy, Inc. (EGY) pays a dividend with a yield of 6.48%. This makes it attractive for income-focused investors.

VAALCO Energy, Inc. (EGY) has a return on equity (ROE) of 11.9%. This is reasonable for most industries.

VAALCO Energy, Inc. (EGY) generated $22.3M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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VAALCO Energy, Inc. (EGY) 10-Year Financial Performance & Capital Metrics

EGY • • Industrial / General

EnergyOil & Gas E&PInternational E&PGlobal Offshore Operators

Revenue $479M +5.3%
EBITDA $280M +2.0%
Net Income $58M -3.1%
EPS (Diluted) 0.56
Gross Margin 36% -12.2%
EBITDA Margin 58.36% -3.1%
Operating Margin 28.5% -18.3%
Net Margin 12.21% -7.9%
ROE 11.93% -6.6%
ROIC 21.2% -13.9%
Debt/Equity 0.20 +3.2%
Interest Coverage 36.57 +48.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 86.9%
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 37.7%
✓Share count reduced 2.6% through buybacks
✓Trading at only 0.8x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y14.13%

5Y37.69%

3Y34%

TTM-16.7%

Profit (Net Income) CAGR

10Y-

5Y86.92%

3Y-10.59%

TTM-68.21%

EPS CAGR

10Y-

5Y-

3Y-25.79%

TTM-67.96%

ROCE

10Y Avg14.73%

5Y Avg23.35%

3Y Avg26.9%

Latest18.58%

Peer Comparison

Global Offshore Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
OXYOccidental Petroleum Corporation	42.67B	43.31	17.72	-4.35%	7.72%	5.62%	10.36%	0.79
COPConocoPhillips	119.2B	96.46	12.35	-2.72%	14.67%	13.6%	6.72%	0.39
MURMurphy Oil Corporation	4.75B	33.27	12.32	-12.48%	5.2%	2.72%	17.28%	0.39
APAAPA Corporation	9.12B	25.72	11.28	17.61%	15.65%	21.99%	8.43%	0.97
WDSWoodside Energy Group Ltd	30.08B	15.82	8.46	-5.82%	18.25%	12.49%	3.14%	0.32
EGYVAALCO Energy, Inc.	406.61M	3.90	6.96	5.26%	6.84%	5.71%	2.64%	0.20
KOSKosmos Energy Ltd.	593.13M	1.24	3.10	-1.54%	-23.66%	-36.63%		2.30
WTIW&T Offshore, Inc.	278.21M	1.87	-3.17	-1.39%	-29.25%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	80.44M	59.78M	77.03M	104.94M	96.77M	77.41M	199.07M	354.33M	455.07M	478.99M
Revenue Growth %	-0.37%	-0.26%	0.29%	0.36%	-0.08%	-0.2%	1.57%	0.78%	0.28%	0.05%
Cost of Goods Sold+	76.07M	44.51M	46.15M	46.01M	57.02M	56.93M	102.31M	160.8M	268.46M	306.53M
COGS % of Revenue	0.95%	0.74%	0.6%	0.44%	0.59%	0.74%	0.51%	0.45%	0.59%	0.64%
Gross Profit+	4.37M	15.27M	30.87M	58.93M	39.75M	20.48M	96.76M	193.52M	186.61M	172.45M
Gross Margin %	0.05%	0.26%	0.4%	0.56%	0.41%	0.26%	0.49%	0.55%	0.41%	0.36%
Gross Profit Growth %	-0.94%	2.49%	1.02%	0.91%	-0.33%	-0.48%	3.72%	1%	-0.04%	-0.08%
Operating Expenses+	66.6M	18.35M	10.47M	7.72M	18.56M	47.74M	17.66M	22.25M	27.95M	35.96M
OpEx % of Revenue	0.83%	0.31%	0.14%	0.07%	0.19%	0.62%	0.09%	0.06%	0.06%	0.08%
Selling, General & Admin	17.2M	9.23M	10.38M	11.4M	14.86M	10.7M	14.77M	10.08M	23.84M	29.68M
SG&A % of Revenue	0.21%	0.15%	0.13%	0.11%	0.15%	0.14%	0.07%	0.03%	0.05%	0.06%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	809K	-2.02M	0	4.33M	3.7M	37.05M	2.89M	12.17M	4.11M	6.27M
Operating Income+	-143.55M	-4.39M	19.95M	51.29M	21.19M	-27.26M	79.1M	171.28M	158.66M	136.5M
Operating Margin %	-1.78%	-0.07%	0.26%	0.49%	0.22%	-0.35%	0.4%	0.48%	0.35%	0.28%
Operating Income Growth %	-1.64%	0.97%	5.54%	1.57%	-0.59%	-2.29%	3.9%	1.17%	-0.07%	-0.14%
EBITDA+	-110.54M	2.54M	26.41M	56.88M	28.52M	-17.7M	100.16M	219.42M	273.96M	279.53M
EBITDA Margin %	-1.37%	0.04%	0.34%	0.54%	0.29%	-0.23%	0.5%	0.62%	0.6%	0.58%
EBITDA Growth %	-2.22%	1.02%	9.42%	1.15%	-0.5%	-1.62%	6.66%	1.19%	0.25%	0.02%
D&A (Non-Cash Add-back)	33.01M	6.93M	6.46M	5.6M	7.32M	9.56M	21.06M	48.14M	115.3M	143.03M
EBIT	-142.73M	-6.4M	21.7M	55.62M	20.85M	4.53M	79.97M	125.34M	161.24M	143.53M
Net Interest Income+	-1.32M	-2.61M	-1.41M	-145K	733K	155K	10K	-2.03M	-6.45M	-3.73M
Interest Income	12K	3K	0	0	733K	155K	10K	0	0	0
Interest Expense	1.34M	2.62M	1.41M	145K	0	0	0	2.03M	6.45M	3.73M
Other Income/Expense	-516K	-4.63M	699K	4.19M	-151K	6.86M	-19.32M	-47.97M	-8.51M	3.3M
Pretax Income+	-144.07M	-9.02M	20.65M	55.47M	21.04M	-20.4M	59.78M	123.31M	150.15M	139.8M
Pretax Margin %	-1.79%	-0.15%	0.27%	0.53%	0.22%	-0.26%	0.3%	0.35%	0.33%	0.29%
Income Tax+	14.59M	9.25M	10.38M	-43.25M	23.89M	27.68M	-22.16M	71.42M	89.78M	81.31M
Effective Tax Rate %	1.1%	2.94%	0.47%	1.77%	0.12%	2.36%	1.37%	0.42%	0.4%	0.42%
Net Income+	-158.66M	-26.55M	9.65M	98.23M	2.56M	-48.18M	81.84M	51.89M	60.35M	58.49M
Net Margin %	-1.97%	-0.44%	0.13%	0.94%	0.03%	-0.62%	0.41%	0.15%	0.13%	0.12%
Net Income Growth %	-1.05%	0.83%	1.36%	9.18%	-0.97%	-19.8%	2.7%	-0.37%	0.16%	-0.03%
Net Income (Continuing)	-120.55M	-18.27M	10.27M	98.73M	-2.85M	-48.08M	81.93M	51.89M	60.37M	58.49M
Discontinued Operations	0	0	0	0	5.41M	-98K	-98K	-72K	-15K	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-2.72	-0.45	0.16	1.64	-0.05	-0.83	1.37	0.73	0.56	0.56
EPS Growth %	-1%	0.83%	1.36%	9.25%	-1.03%	-16.22%	2.65%	-0.47%	-0.23%	0%
EPS (Basic)	-2.72	-0.45	0.16	1.66	-0.05	-0.83	1.37	0.74	0.56	0.56
Diluted Shares Outstanding	58.29M	58.38M	58.72M	60M	59.14M	57.59M	58.76M	69.98M	106.56M	103.75M
Basic Shares Outstanding	58.29M	58.38M	58.72M	59.25M	59.14M	57.59M	58.23M	69.57M	106.38M	103.67M
Dividend Payout Ratio	-	-	-	-	-	-	-	0.18%	0.44%	0.45%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	63.74M	38.48M	36.45M	58.79M	69.76M	63.98M	88.29M	200.1M	228.14M	237.93M
Cash & Short-Term Investments	25.36M	20.47M	19.67M	33.36M	46.83M	47.85M	48.67M	37.2M	121.11M	82.65M
Cash Only	25.36M	20.47M	19.67M	33.36M	46.83M	47.85M	48.67M	37.2M	121.11M	82.65M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	5.39M	10.17M	7.05M	14.25M	18.57M	0	32.79M	140.41M	92.64M	130.72M
Days Sales Outstanding	24.48	62.08	33.41	49.58	70.03	-	60.11	144.64	74.31	99.61
Inventory	833K	997K	3.26M	785K	1.07M	3.91M	1.59M	3.33M	4.6M	9.44M
Days Inventory Outstanding	4	8.18	25.8	6.23	6.86	25.04	5.68	7.57	6.26	11.24
Other Current Assets	29.22M	2.88M	3.68M	4.09M	3.29M	8M	79K	324K	2.43M	8.3M
Total Non-Current Assets+	60.22M	42.56M	43.18M	107.52M	141.78M	77.25M	174.8M	655.54M	595.08M	717.02M
Property, Plant & Equipment	33.37M	28.02M	23.22M	52.72M	101.64M	59.6M	104.55M	588.75M	552.13M	635.21M
Fixed Asset Turnover	2.41x	2.13x	3.32x	1.99x	0.95x	1.30x	1.90x	0.60x	0.82x	0.75x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	20.05M	6.03M	7.89M	3.15M	4.61M	0	0	0	6.01M	19.97M
Other Non-Current Assets	6.79M	8.51M	18.7M	14.72M	11.37M	17.65M	30.27M	31.36M	7.7M	6.27M
Total Assets+	123.96M	81.03M	79.63M	166.31M	211.54M	141.23M	263.09M	855.64M	823.22M	954.95M
Asset Turnover	0.65x	0.74x	0.97x	0.63x	0.46x	0.55x	0.76x	0.41x	0.55x	0.50x
Asset Growth %	-0.5%	-0.35%	-0.02%	1.09%	0.27%	-0.33%	0.86%	2.25%	-0.04%	0.16%
Total Current Liabilities+	66.72M	55.55M	46.59M	41.04M	63.75M	52.58M	84.26M	162.09M	127.47M	181.73M
Accounts Payable	44.14M	19.1M	11.58M	8.08M	15.9M	16.69M	18.8M	59.89M	22.15M	11.76M
Days Payables Outstanding	211.78	156.59	91.61	64.12	101.76	107	67.06	135.93	30.12	14
Short-Term Debt	0	7.5M	6.67M	0	11.99M	0	0	0	12.47M	0
Deferred Revenue (Current)	0	1000K	1000K	0	0	0	0	0	0	0
Other Current Liabilities	4.13M	19.45M	15.85M	25.48M	28.39M	14.53M	13.96M	8.5M	69.84M	25.55M
Current Ratio	0.96x	0.69x	0.78x	1.43x	1.09x	1.22x	1.05x	1.23x	1.79x	1.31x
Quick Ratio	0.94x	0.67x	0.71x	1.41x	1.08x	1.14x	1.03x	1.21x	1.75x	1.26x
Cash Conversion Cycle	-183.31	-86.33	-32.39	-8.32	-24.87	-	-1.26	16.28	50.45	96.86
Total Non-Current Liabilities+	31.17M	25.84M	22.76M	15.44M	38.07M	27.2M	34.54M	227.45M	216.96M	271.64M
Long-Term Debt	15M	6.94M	2.31M	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	21.37M	9.67M	587K	78.93M	78.33M	81.28M
Deferred Tax Liabilities	0	0	0	0	0	0	0	81.22M	73.58M	93.9M
Other Non-Current Liabilities	16.17M	18.9M	20.45M	15.44M	16.7M	17.53M	33.95M	67.29M	65.05M	96.45M
Total Liabilities	97.88M	81.39M	69.34M	56.48M	101.82M	79.77M	118.79M	389.54M	344.43M	453.37M
Total Debt+	15M	14.44M	8.97M	0	33.36M	22.56M	10.23M	89.06M	90.8M	98.17M
Net Debt	-10.36M	-6.03M	-10.69M	-33.36M	-13.47M	-25.29M	-38.45M	51.85M	-30.31M	15.53M
Debt / Equity	0.58x	-	0.87x	-	0.30x	0.37x	0.07x	0.19x	0.19x	0.20x
Debt / EBITDA	-	5.70x	0.34x	-	1.17x	-	0.10x	0.41x	0.33x	0.35x
Net Debt / EBITDA	-	-2.38x	-0.40x	-0.59x	-0.47x	-	-0.38x	0.24x	-0.11x	0.06x
Interest Coverage	-107.37x	-1.68x	14.11x	353.70x	-	-	-	84.21x	24.59x	36.57x
Total Equity+	26.08M	-358K	10.29M	109.83M	109.72M	61.46M	144.3M	466.11M	478.78M	501.58M
Equity Growth %	-0.86%	-1.01%	29.74%	9.67%	-0%	-0.44%	1.35%	2.23%	0.03%	0.05%
Book Value per Share	0.45	-0.01	0.18	1.83	1.86	1.07	2.46	6.66	4.49	4.83
Total Shareholders' Equity	26.08M	-358K	10.29M	109.83M	109.72M	61.46M	144.3M	466.11M	478.78M	501.58M
Common Stock	6.6M	6.61M	6.64M	6.72M	6.77M	6.79M	6.96M	11.95M	12.14M	12.23M
Retained Earnings	-11.76M	-39.3M	-29.65M	68.58M	70.83M	22.65M	104.49M	147.02M	177.49M	209.76M
Treasury Stock	-37.88M	-37.93M	-37.95M	-37.83M	-41.43M	-42.42M	-43.85M	-47.65M	-71.22M	-78.02M
Accumulated OCI	-400.17M	-380.99M	-386.15M	-390.61M	0	0	0	1.18M	2.88M	-4.96M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	38.88M	-3.45M	6.66M	37.18M	26.47M	27.45M	50.12M	128.85M	223.6M	113.72M
Operating CF Margin %	0.48%	-0.06%	0.09%	0.35%	0.27%	0.35%	0.25%	0.36%	0.49%	0.24%
Operating CF Growth %	0.66%	-1.09%	2.93%	4.58%	-0.29%	0.04%	0.83%	1.57%	0.74%	-0.49%
Net Income	-158.66M	-26.55M	9.65M	98.23M	2.56M	-48.18M	81.84M	51.89M	60.35M	58.49M
Depreciation & Amortization	33.01M	8.35M	6.83M	6.01M	7.32M	9.56M	21.06M	48.14M	115.3M	143.03M
Stock-Based Compensation	3.81M	192K	1.1M	2.31M	3.51M	114K	2.46M	2.2M	3.32M	4.43M
Deferred Taxes	1.35M	15.28M	-1.26M	-56.91M	14.48M	24.16M	-39.98M	44.8M	-2.86M	-16.79M
Other Non-Cash Items	130.09M	8.55M	-1.43M	-6.35M	-8.35M	34.37M	-2.67M	-19.29M	6.62M	-4.86M
Working Capital Changes	29.27M	-9.27M	-8.23M	-6.11M	6.95M	7.42M	-12.59M	1.1M	40.87M	-70.59M
Change in Receivables	14.17M	-1.05M	3.19M	-8.35M	-2.43M	15.74M	-22.64M	3.9M	23.95M	-51.36M
Change in Inventory	1.36M	-67K	-2.35M	2.48M	-287K	-2.83M	5.02M	-1.74M	1.39M	7.49M
Change in Payables	28.93M	-15.46M	-7.3M	-3.41M	6.01M	-842K	-922K	23.92M	-28.1M	-13.2M
Cash from Investing+	-83.01M	-1.29M	-1.65M	-14.13M	-10.35M	-24.33M	-39.06M	-123.21M	-97.22M	-102.12M
Capital Expenditures	-88.94M	-8.71M	-1.81M	-14.13M	-10.35M	-4.32M	-22.5M	-159.9M	-97.22M	-103M
CapEx % of Revenue	1.11%	0.15%	0.02%	0.13%	0.11%	0.06%	0.11%	0.45%	0.21%	0.22%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	5.93M	7.42M	100K	-14.13M	0	-20.01M	-16.56M	0	0	877K
Cash from Financing+	441K	-144K	-5.82M	-8.68M	-3.65M	-929K	-57K	-17.95M	-56.82M	-43.05M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	-9.35M	-26.77M	-26.22M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	-93K	0	0	0	0	0	-2.07M	0	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-50.07M	-12.16M	4.85M	23.05M	16.12M	3.12M	11.05M	-31.05M	126.37M	10.72M
FCF Margin %	-0.62%	-0.2%	0.06%	0.22%	0.17%	0.04%	0.06%	-0.09%	0.28%	0.02%
FCF Growth %	0.27%	0.76%	1.4%	3.76%	-0.3%	-0.81%	2.54%	-3.81%	5.07%	-0.92%
FCF per Share	-0.86	-0.21	0.08	0.38	0.27	0.05	0.19	-0.44	1.19	0.10
FCF Conversion (FCF/Net Income)	-0.25x	0.13x	0.69x	0.38x	10.33x	-0.57x	0.61x	2.48x	3.70x	1.94x
Interest Paid	1.34M	1.33M	997K	257K	0	0	0	1.66M	9.12M	6.71M
Taxes Paid	15.16M	9.21M	15.15M	12.11M	7.27M	8.74M	20.1M	26.26M	32.78M	37.47M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-153.63%	-206.47%	194.36%	163.56%	2.33%	-56.29%	79.55%	17%	12.77%	11.93%
Return on Invested Capital (ROIC)	-151.5%	-70.62%	-	101.14%	18.41%	-30.88%	83.55%	41.18%	24.63%	21.2%
Gross Margin	5.43%	25.55%	40.08%	56.16%	41.07%	26.46%	48.6%	54.62%	41.01%	36%
Net Margin	-197.22%	-44.41%	12.53%	93.61%	2.65%	-62.24%	41.11%	14.64%	13.26%	12.21%
Debt / Equity	0.58x	-	0.87x	-	0.30x	0.37x	0.07x	0.19x	0.19x	0.20x
Interest Coverage	-107.37x	-1.68x	14.11x	353.70x	-	-	-	84.21x	24.59x	36.57x
FCF Conversion	-0.25x	0.13x	0.69x	0.38x	10.33x	-0.57x	0.61x	2.48x	3.70x	1.94x
Revenue Growth	-37%	-25.68%	28.84%	36.25%	-7.79%	-20.01%	157.17%	77.99%	28.43%	5.26%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Gabon	-	-	76.98M	-	-	-	-	-	-	205.97M
Gabon Growth	-	-	-	-	-	-	-	-	-	-
Carried Interest Recoupment	-	-	-	3.54M	2.95M	1.63M	7.52M	5.84M	5.3M	-
Carried Interest Recoupment Growth	-	-	-	-	-16.78%	-44.71%	360.88%	-22.27%	-9.28%	-
Crude Oil Sales And Purchase Agreements	-	-	-	104.89M	86.55M	67.04M	200.32M	-	-	-
Crude Oil Sales And Purchase Agreements Growth	-	-	-	-	-17.48%	-22.54%	198.80%	-	-	-
Gabonese Government Share Of Profit Oil	-	-	-	2.19M	7.27M	8.74M	20.1M	-	-	-
Gabonese Government Share Of Profit Oil Growth	-	-	-	-	231.42%	20.23%	130.06%	-	-	-
U.s. Oil And Gas Revenue	-	-	-	5K	-	-	-	-	-	-
U.s. Oil And Gas Revenue Growth	-	-	-	-	-	-	-	-	-	-
U. S.	-	-	47K	-	-	-	-	-	-	-
U. S. Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Egypt	-	-	-	-	-	-	-	-	-	250.95M
Egypt Growth	-	-	-	-	-	-	-	-	-	-
Canada	-	-	-	-	-	-	-	-	-	31.99M
Canada Growth	-	-	-	-	-	-	-	-	-	-
U. S.	-	-	47K	-	-	-	-	-	-	-
U. S. Growth	-	-	-	-	-	-	-	-	-	-
G	79.95M	59.46M	-	-	-	-	-	-	-	-
G Growth	-	-25.63%	-	-	-	-	-	-	-	-
U	498K	324K	-	-	-	-	-	-	-	-
U Growth	-	-34.94%	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

VAALCO Energy, Inc. (EGY) has a price-to-earnings (P/E) ratio of 7.0x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

VAALCO Energy, Inc. (EGY) reported $421.8M in revenue for fiscal year 2024. This represents a 100% increase from $210.4M in 2011.

VAALCO Energy, Inc. (EGY) grew revenue by 5.3% over the past year. This is steady growth.

Yes, VAALCO Energy, Inc. (EGY) is profitable, generating $28.9M in net income for fiscal year 2024 (12.2% net margin).

Dividend & Returns

Yes, VAALCO Energy, Inc. (EGY) pays a dividend with a yield of 6.48%. This makes it attractive for income-focused investors.

VAALCO Energy, Inc. (EGY) has a return on equity (ROE) of 11.9%. This is reasonable for most industries.

VAALCO Energy, Inc. (EGY) generated $22.3M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.