ENERGY WORLD CORPORATION LTD (EWC)



Welcome to InvestSMART

You are currently viewing our site as a guest, which gives you limited access to our site features. By signing up for a free membership, you will receive our Investment Opportunity newsletters and have access to additional features for finding and comparing managed funds and shares. Registration is fast and simple, so please:

Sign Up Today Ľ it's FREE! Already a member? Login now!


General Information
Company Name: Energy World Corporation Ltd
Stock Code: EWC
Website: www.energyworldcorp.com
GICS Sub-Industry: Independant Power Production & Energy Traders
Market Cap ($M): 520
Equiv. Shares (M): 1,734

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 0.300 $ 0.300 $ 0.300 $ 0.295 $ 0.300 751,300 0%

Current Broker Consensus Recommendation more
Recommendation: Hold
Recommendation Date: 8th Jul 2009
12 Month Target Price (average): $0
Brokers Surveyed: 1

Company Overview

Business Description:
Energy World Corporation Ltd (EWC) is an integrated energy company engaging in development, construction, production and operation of power station, LNG plants and projects, and oil and gas fields. EWC operates its business activities in Australia, Indonesia and Philippines.

Strategy Analysis:
EWC is pursuing the development of a 56,000 TPA LNG processing plant in Gilmore, Queensland, Australia. In Australia, EWC is carrying out a feasibility study and conducting preliminary discussions regarding their proposal to build a modular LNG train, LNG storage tank and export facility at the Port of Abbot Point on the north Queensland coast. EWC is also evaluating the supply of gas to the Queensland LNG Facilities from their Gilmore Gas Field and Eromanga Gas Field at a later phase of development. Energy World Corporation reported NPAT down 4.8% to US$10.13m for the half-year ended 31 December 2012. Revenues from ordinary activities were US$66.34m, down 14.8% from the same period last year. Basic and Diluted EPS was 0.58 US cents compared to 0.62 US cents last year. Net operating cash flow was US$20.05m compared to US$30.74m last year. No dividend was declared.


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2013  A 17.7 1.0 -16.7 37.5 0.0 0.0 --
2012  A 20.1 1.2 -25.0 51.3 0.0 0.0 --
2011  A 25.2 1.6 6.7 28.1 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2011 A 2012 F 2013 F 2011 A 2012 F 2013 F 2011 A 2012 F 2013 F
Energy World Corp. (EWC) $512 M -0.1206 -- -- 28.9216 -- -- 0.0000 -- --

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
EWC -- 29.4 0.84 -- 3.63
Market 1.07 15.9 1.27 2.05 1.71
Sector 1.02 16.2 0.95 5.84 2.51

Directors
Name Position Start Date
Mr Graham Elliott Alternate Director 14 May 2013
Mr Gregory John Karpinski Alternate Director 14 May 2013
Mr Stewart William George Elliot Chief Executive Officer,Managing Director,Chairman 21 November 1999
Mr Ian William Jordan Executive Director,Company Secretary 29 September 2000
Mr Brian Jeffrey Allen Finance Director,Executive Director 12 April 2001
Dr Brian Derek Littlechild Non-Executive Director 02 May 2001
Mr Michael Philip O'Neill Non-Executive Director 20 April 2007
Mr Kanad Singh Virk Non-Executive Director 14 May 2013
Mr James David Dewar Non-Executive Director 03 September 2013
Mr Bruce Macfarlane Non-Executive Director 01 September 2013

Substantial Shareholders
Holding Name
83,302,689 (4.80%) Citicorp Nominees Pty Limited
153,777,129 (8.87%) JP Morgan Nominees Australia Limited
798,259,339 (46.03%) HSBC Custody Nominees (Australia) Limited
334,572,393 (19.29%) Energy World International Ltd

Calendar of Events
Date Event
02 March 2015 Report (Interim)
30 September 2014 Report (Annual)
01 September 2014 Report (Prelim)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.

Advertisement

Trade Shares Online from $19.95^
Free Guides

The SMH Guide to Optimising Your Portfolio

An educational booklet that will point out what you need to know to use options effectively for additional income and risk management.

More details...

News

Billionaires bankroll Ten's new direction Media Network sees digital future

The Age 19/12/2013 | Ten Network's programming ambitions will be funded by a $200 million loan guaranteed by three of its billionaire owners, as the free-to-air broadcaster declared digital was the future and pointed to early signs that its switch to an older market demographic was working.

Elders alleges $24m fraud in live cattle division

The Age 19/12/2013 | Troubled rural services group Elders is threatening to call in the police over an alleged $24 million fraud by a "handful of individuals" in its live cattle exports division.

Bega Cheese holds back in three-way bidding war for WCB

The Age 19/12/2013 | Bega Cheese began the battle for Warrnambool Cheese & Butter but three months on it appears to be the first casualty of the bidding war.

Aussie hampers transition

The Age 19/12/2013 | A persistently high Australian dollar is thwarting the Reserve Bank's efforts to ease the transition of the economy away from mining.

RBA keeps its focus on lower dollar

The Age 19/12/2013 | The Reserve Bank is keeping the door open to further interest rate cuts, but believes the "significant amount" of monetary policy easing over the past two years is already stimulating growth.

Pact's struggles weigh down Orora

The Age 19/12/2013 | The underwhelming sharemarket debut of packaging company Pact Group Holdings has weighed on the demerger of Amcor and its $2 billion Australasian packaging and distribution business Orora.

More...


Sponsored Links

Feedback Form