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 119 155 156
Sales growth (%) 36 29,8 0,8
EBITDA 78 109 118
EBITDA margin (%) 65,5 70,1 75,9
EBIT adj 38 63 74
EBIT adj margin (%) 32,4 40,3 47,7
Pretax profit 33 65 76
EPS rep 0,97 1,9 2,25
EPS growth (%) 1048,8 95,8 18,6
EPS adj 0,97 1,9 2,25
DPS 0,11 0,67 0,33
EV/EBITDA (x) 3 2,7 1,7
EV/EBIT adj (x) 6 4,8 2,8
P/E (x) 8,3 5,7 4,8
P/E adj (x) 8,3 5,7 4,8
EV/sales (x) 1,9 1,9 1,3
FCF yield (%) 10,7 13,6 28
Dividend yield (%) 1,4 6,2 3,1
Net IB debt/EBITDA -0,5 -0,6 -1,3