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  • Publications: 2016 BDO Global Energy Middle Market Monitor

Publications: 2016 BDO Global Energy Middle Market Monitor

08 September 2016

The 2016 BDO Global Media Energy Market Monitor review and analysis are energy companies the financial market average over their heads?

The 2016 BDO Global Energy Market Monitor Middle testing and analysis of financial data submitted by 304 oil and gas companies midmarket listed 37 countries and international stock markets from 2010 to 2015. The companies analyzed reported income up $ 1.5 billion, with an average income of $ 67.6 million. The companies are mainly traded on stock exchanges in Australia, Canada, the United Kingdom and the United States. All data are obtained by S & P Capital IQ.

According to a new study by BDO, the world's leading accounting firm and consulting, the top of the median market between oil companies and gas midmarket fell by 58 percent between 2014 and 2015, from USD $ 219 million to $ 91 million. Historical price-earnings (PE) relations were affected as well, as abruptly as reduce profits. The historical median PE ratio fell to 6.4 this year, compared to 12.4 last year and a global high of 25.6 in 2010. Now that the sector has emerged with the reality check, however, is perhaps the point of making a more stable and possibly more sustainable recoupment.

"The middle market has been instrumental in the growth of international energy sector, helping to decentralize industry and spread the wealth beyond OPEC to all corners of the world," says Charles Dewhurst, Global Leader industry group Resource natural BDO. "However, the rapid growth we saw in the last decade was unlikely to last, and it seems that many may have lost sight of the susceptibility of the energy industry to cycles of boom and bust. But now that the price crisis oil has proven our collective arrogance, we are able to redirect, reevaluate and rebuild. "


Industry struggles with declining revenues, profits. Year after year changes in outstanding median annual income than the pain of falling prices actually it affected the global energy sector in 2015: The average income in all evaluated companies fell by about 30 percent, from $ 96, 9 million in 2014 to $ 67.6 million in 2015. as incomes have fallen, so they have benefits for oil and gas companies in the midmarket. Globally, average income before tax was reduced from $ 5.9 million in 2014 to a net loss of $ 30.2 million in 2015, an overwhelming 614 percent decrease. After taxes, net income decreased from $ 5.1 million to a loss of $ 30.5 million, a decrease of seven times.

Power companies struggle to secure the capital. As margins and investor confidence have slipped, the oil and gas companies have struggled to get the capital to keep their businesses afloat. Last year the average global energy market monitor found that the companies had grown more leveraged when they returned to the debt financing of the storm, and this year's study reveals that this trend remained largely in 2015. the average debt ratio grew by almost 25 percent this year, with Australia seeing double debt ratios. Meanwhile, the UK was a modest increase of 11 percent, while Canada and the US they saw the median debt ratios very much in line with global trends.

US companies see resilience reserves of vitality. Despite an industry overview daunting, US companies have found a bright spot: strong vitality reserves. While media stocks overall have fallen 35 percent in the past the Bank of England rate replacement median reserves year of 51 million barrels of oil equivalent (BOE) of 33 million remains at 101 percent . Though less than the average replacement rate last year, which reached more than 250 percent, the figure, however, demonstrates the ability of middle market companies in North America to maintain momentum amid lower prices .

About Global Natural Resources Group BDO

natural resource experts BDO combine deep industry knowledge and technical expertise to help you navigate this tumultuous landscape both at home and abroad. Our partners and experienced directors are trusted advisors oil and gas, mining and alternative energy companies. When you need guidance on complex issues, including mergers and acquisitions, revenue recognition or reserve estimate, our professionals provide fast resolution of technical problems and questions through service teams socio-driven customer, direct access to leaders technical and resources of our global network of more than 150 countries.
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