회사 개요
Amplify Energy Corp. is an energy sector enterprise primarily focused on the acquisition, development, exploitation, and production of oil and natural gas properties within the United States. The company's operational assets are concentrated in the Beta field, which is situated in federal waters offshore from the Port of Long Beach, indicating a strategic focus on offshore exploration and production activities. Operating within the Oil & Gas E&P industry, the company manages a workforce of 184 employees to support its upstream energy extraction operations. With a market capitalization of $239.75M and annual revenue of $263.36M, Amplify Energy Corp. maintains a mid-cap profile that reflects its position as a specialized player in the broader energy landscape. These valuation figures suggest the market views the company as a distinct entity with a specific revenue footprint, rather than a large-cap integrated oil major, highlighting its niche status in the offshore drilling segment.
재무 건전성
The company reported trailing twelve-month revenue of $263.36M, net income of $41.60M, and EBITDA of $80.31M, revealing a significant cost structure where operating expenses and depreciation, amortization, and other non-cash charges reduce EBITDA by nearly 38% to arrive at net income. This gap indicates substantial capital expenditures or tax burdens associated with upstream oil and gas production. However, the free cash flow stands at -$26,008,000, which signifies a net cash outflow from operating and investing activities, suggesting that current capital spending exceeds operating cash generation and limits immediate financial flexibility for debt repayment or share buybacks. Profitability metrics show a gross margin of 39.6%, an operating margin of 30.0%, and a profit margin of 16.7%, illustrating that while production costs leave a healthy gross buffer, significant operating overheads and financial costs further erode bottom-line earnings. The balance sheet displays $60.67M in cash against only $3.75M in debt, resulting in a debt-to-equity ratio of 0.82, which points to a highly conservative capital structure with minimal leverage risk. Short-term liquidity is robust, evidenced by a current ratio of 2.25, ensuring the company can comfortably cover its short-term obligations with its liquid assets. Return on equity is 10.1% while return on assets is 3.6%, indicating that management generates a moderate return on shareholders' equity but that asset efficiency is lower, likely due to the capital-intensive nature of the E&P industry requiring heavy asset bases.
밸류에이션 평가
Valuation multiples indicate a trailing P/E ratio of 5.64 and a forward P/E of 6.60, implying that the market anticipates a slight increase in earnings growth or a compression in the multiple as forward expectations are priced at a higher multiple than historical performance. The price-to-book ratio is 0.52, which suggests the stock is trading at a significant discount to its tangible book value, a common characteristic for cyclical energy companies where asset values may be overvalued on paper. Alternative valuation metrics such as the price-to-sales ratio of 0.91 and an EV/EBITDA of 2.28 further highlight the company's low valuation relative to its revenue generation and enterprise value. The stock has traded between a 52-week high of $6.79 and a 52-week low of $2.27, meaning the current market price is positioned significantly below the recent peak, reflecting the cyclical downturn in energy prices or investor sentiment. The beta value is -0.16, which is an anomalous negative figure indicating that the stock price has historically moved inversely to the broader market or displayed minimal correlation to general market volatility.
Growth & Income
Revenue growth year-over-year is -18.1%, while earnings growth is N/A, indicating that the company is currently contracting in terms of top-line sales, which naturally impacts the ability to expand earnings without significant efficiency gains or cost reductions. The absence of earnings growth data combined with negative revenue growth suggests that the company is in a contractionary phase typical of the oil and gas sector during periods of lower commodity prices. As a non-dividend payer with a 0.0% payout ratio and no dividend yield, Amplify Energy Corp. retains all of its earnings rather than distributing them to shareholders, effectively reinvesting any available capital back into the business or reducing debt. This income profile reflects a strategy focused on capital preservation and operational restructuring rather than income generation for investors during the current cycle. Overall, the growth and income profile is characterized by a contraction in revenue, a lack of dividend support, and a reliance on potential future commodity price recovery to reverse negative growth trends.