Oil and natural gas

Tethys Oil

Tethys Oil is an independent E&P company with its core operation in Oman. Tethys is the partner on Blocks 3&4, which produces ~12,000 boe/d net to Tethys before government take. It also has some onshore production in Lithuania.

Financials

Tethys Oil

USDm 2017 2018 2019
Sales 119 155 160
Sales growth (%) 36 30,2 2,9
EBITDA 78 108 123
EBITDA margin (%) 65,5 69 76,7
EBIT adj 38 62 79
EBIT adj margin (%) 32,4 39,5 49,6
Pretax profit 33 63 81
EPS rep 0,97 1,77 2,28
EPS growth (%) 1048,8 83,3 28,6
EPS adj 0,97 1,77 2,28
DPS 0,11 0,64 0,6
EV/EBITDA (x) 3 2,6 1,6
EV/EBIT adj (x) 6 4,5 2,5
P/E (x) 8,3 5,7 4,4
P/E adj (x) 8,3 5,7 4,4
EV/sales (x) 1,9 1,8 1,3
FCF yield (%) 10,7 12,9 26,4
Dividend yield (%) 1,4 6,4 6
Net IB debt/EBITDA -0,5 -0,7 -1,2

Main shareholders

Tethys Oil

Main shareholders Share capital % Voting shares %
Lansdowne Partners 10.1 % 10.1 %
Franklin Templeton 4.9 % 4.9 %
SEB Fonder 4.5 % 4.5 %
Magnus Nordin 4.1 % 4.1 %
Tethys Oil AB 3.5 % 3.5 %
Grandeur Peak Global Advisors, LLC 3.4 % 3.4 %
Liontrust 2.6 % 2.6 %
Carl Erik Norman 1.6 % 1.6 %
JP Morgan Asset Management 1.5 % 1.5 %
Avanza Pension 1.2 % 1.2 %