Latest news with #CapricornEnergy
Yahoo
7 days ago
- Business
- Yahoo
HSBC executive's fraud conviction voided by US appeals court
By Jonathan Stempel NEW YORK (Reuters) -A U.S. appeals court on Thursday voided the 2017 fraud conviction of a former HSBC executive who spent two years in prison for "front-running" a British oil and gas exploration company's $3.5 billion currency trade. In a 3-0 decision, the 2nd U.S. Circuit Court of Appeals in Manhattan said Mark Johnson's conviction was tainted because the Supreme Court in an unrelated case later repudiated a fraud theory that underlay it. The appeals court also expressed "grave doubt" Johnson could have been convicted under an alternative theory that he defrauded HSBC client Cairn Energy, now known as Capricorn Energy. A spokesman for the U.S. attorney's office in Brooklyn declined to comment. "We are delighted that justice has finally been achieved for Mark Johnson," his lawyer Alexandra Shapiro said in a statement. "Mr. Johnson carried out the Cairn transaction consistent with industry practice and in violation of no law or rule." Johnson, a British father of six in his late 50s, had been the head of HSBC's global foreign exchange cash trading desk. He was the first banker tried in the United States on currency rigging charges, following global probes into the multitrillion-dollar per day currency market. According to prosecutors, Cairn had retained Johnson and another former HSBC executive in 2011 to convert $3.5 billion into British pounds sterling as it prepared to sell an Indian subsidiary. Prosecutors said the executives quietly bought pounds for HSBC's own accounts before completing Edinburgh-based Cairn's trade, reaping a profit of about $7 million, court papers show. A jury convicted Johnson of wire fraud and conspiracy after a four-week trial. The appeals court upheld the conviction in 2019. But on Thursday, the appeals court said a 2023 Supreme Court ruling, Ciminelli v U.S., meant Johnson could not be convicted of denying Cairn a right to control its assets by reneging on a promise not to ramp up the pound's price. Circuit Judge Guido Calabresi also said evidence that Johnson breached duties to Cairn by misappropriating its confidential information for his own benefit was "weak," and it was unlikely a jury would convict Johnson on that basis alone. "We find ourselves--at the very least--in 'virtual equipoise' as to whether any jury, presented only with the misappropriation theory, would convict Johnson," Calabresi wrote. "That is more than enough to leave us with grave doubt." The appeals court returned the case to U.S. District Judge Nicholas Garaufis, who oversaw the trial. The case is Johnson v. U.S., 2nd U.S. Circuit Court of Appeals, No. 24-1221. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
7 days ago
- Business
- Reuters
HSBC executive's fraud conviction voided by US appeals court
NEW YORK, July 17 (Reuters) - A U.S. appeals court on Thursday voided the 2017 fraud conviction of a former HSBC (HSBA.L), opens new tab executive who spent two years in prison for "front-running" a British oil and gas exploration company's $3.5 billion currency trade. In a 3-0 decision, the 2nd U.S. Circuit Court of Appeals in Manhattan said Mark Johnson's conviction was tainted because the Supreme Court in an unrelated case later repudiated a fraud theory that underlay it. The appeals court also expressed "grave doubt" Johnson could have been convicted under an alternative theory that he defrauded HSBC client Cairn Energy, now known as Capricorn Energy (CNE.L), opens new tab. A spokesman for the U.S. attorney's office in Brooklyn declined to comment. "We are delighted that justice has finally been achieved for Mark Johnson," his lawyer Alexandra Shapiro said in a statement. "Mr. Johnson carried out the Cairn transaction consistent with industry practice and in violation of no law or rule." Johnson, a British father of six in his late 50s, had been the head of HSBC's global foreign exchange cash trading desk. He was the first banker tried in the United States on currency rigging charges, following global probes into the multitrillion-dollar per day currency market. According to prosecutors, Cairn had retained Johnson and another former HSBC executive in 2011 to convert $3.5 billion into British pounds sterling as it prepared to sell an Indian subsidiary. Prosecutors said the executives quietly bought pounds for HSBC's own accounts before completing Edinburgh-based Cairn's trade, reaping a profit of about $7 million, court papers show. A jury convicted Johnson of wire fraud and conspiracy after a four-week trial. The appeals court upheld the conviction in 2019. But on Thursday, the appeals court said a 2023 Supreme Court ruling, Ciminelli v U.S., meant Johnson could not be convicted of denying Cairn a right to control its assets by reneging on a promise not to ramp up the pound's price. Circuit Judge Guido Calabresi also said evidence that Johnson breached duties to Cairn by misappropriating its confidential information for his own benefit was "weak," and it was unlikely a jury would convict Johnson on that basis alone. "We find ourselves--at the very least--in 'virtual equipoise' as to whether any jury, presented only with the misappropriation theory, would convict Johnson," Calabresi wrote. "That is more than enough to leave us with grave doubt." The appeals court returned the case to U.S. District Judge Nicholas Garaufis, who oversaw the trial. The case is Johnson v. U.S., 2nd U.S. Circuit Court of Appeals, No. 24-1221.
Yahoo
07-07-2025
- Entertainment
- Yahoo
Capricorn Zodiac Compatibility: Their Best & Worst Matches
Capricorn Zodiac Compatibility: Their Best & Worst Matches originally appeared on Parade. Capricorn compatibility is more subtle and surprising than people realize. Ruled by Saturn (the planet of lessons, structure, and long-term vision), Capricorn is a cardinal earth sign: grounded, ambitious, loyal, and always playing the long game. Their energy is steady, determined, practical, and also magnetic. Capricorn isn't here for fleeting drama or empty promises… They're searching for realness, reliability, and growth that stands the test of time. Capricorn is woven with the tenth house of career, achievement, legacy, and public life. This sign has big dreams and the patience and determination to make them real. Capricorn energy is about integrity, loyalty, and slow-burning passion. They don't open up easily, but when they do, you get someone who is all-in: nurturing, committed, and deeply protective. If you want surface-level fun, look elsewhere. But if you're ready for the slow build and the richness of a bond that gets stronger with time, Capricorn is your person. Capricorn can be reserved, stubborn, and sometimes too hard on themselves or others. But that's because they love with intention. They want to build something lasting, something meaningful. Compatibility with Capricorn is about trust, patience, and showing up for each other, even when life gets tough. Aries Compatibility: How Does Aries Relate to Each Zodiac Sign? Taurus Compatibility: How Does Taurus Relate to Each Zodiac Sign? Gemini Compatibility: How Does Gemini Relate to Each Zodiac Sign? Cancer Compatibility: How The Star Sign Gets Along With Each Zodiac Leo Zodiac Compatibility: How The Star Sign Gets Along With Each Zodiac Virgo Compatibility: How The Star Sign Gets Along With Each Zodiac Libra Zodiac Compatibility: How The Star Sign Gets Along With Each Zodiac Scorpio Zodiac Compatibility: How The Star Sign Gets Along With Each Zodiac Sagittarius Zodiac Compatibility: How The Star Sign Gets Along With Each Zodiac As a lover, Capricorn is a slow burn, a bit guarded at first, but deeply sensual and loyal when trust is built. They want a relationship with real substance, built on honesty, shared goals, and mutual respect. With Cap, love is about commitment, devotion, and practical magic. They may not always show their feelings with words, but their actions say it all: they'll work hard to keep you safe and happy. Capricorn's love language is consistency, reliability, and showing up even in life's messiest moments. They're the partner who helps you build a life you're proud of. As a business partner, Capricorn is the strategist, the planner, and the one who turns vision into reality. They thrive in leadership roles, but also work quietly and steadily behind the scenes. Capricorn values efficiency, integrity, and results. They want to make a difference, build something that lasts, and leave a legacy. With Cap on your team, you get follow-through, accountability, and a relentless drive to reach your goals. The challenge? They can be workaholics or too cautious about risk so they do best with collaborators who bring fresh perspective and optimism. As a friend, Capricorn is the friend you can count on, no matter what. They're loyal, grounded, and always ready to give solid advice or a reality check. Cap shows their care through actions, not just words. They'll help you move, support your dreams, and stick around for the long haul. Friendship with Capricorn is all about trust, honesty, and a willingness to grow together. They're a safe haven in a storm, but also the friend who inspires you to dream bigger and do better. When it comes to sun sign compatibility, Capricorn feels most at ease with fellow earth signs (Taurus, Virgo, Capricorn) who share their practical approach to life, and with water signs (Cancer, Scorpio, Pisces) who bring emotional depth and intuition. There's natural chemistry with Taurus and Virgo, deep loyalty with Cancer and Scorpio, and a sweet, healing vibe with Pisces. Capricorn's opposite (sister sign) is Cancer. Together, they balance ambition with nurturing, public achievement with private care, and teach each other how tobuild and feel. Cap's sextiles to Scorpio and Pisces create powerful alliances, while their trines to Taurus and Virgo bring mutual understanding and shared values. The biggest challenge for Cap? Fire and air signs, who may be too impulsive or flighty for Capricorn's comfort. But with openness and mutual respect, every pairing brings new possibilities and potential. As lovers, this pairing is 'power couple' energy. Aries brings passion and boldness, Capricorn brings structure and strategy. The attraction is strong, and both are ambitious. But there's potential for Aries to feel frustrated by Capricorn's caution, while Cap can feel overwhelmed by Aries's impulsiveness. If they respect each other's strengths (and don't get caught up in control battles), they can achieve pretty much anything together. When they're in sync, they're unstoppable and when out of sync, it's fireworks and silence in equal measure. As coworkers, Aries is the visionary and Capricorn is the executor. Aries sparks ideas and Cap figures out how to make them happen. If they communicate well, they're a dream team. The challenge? Aries can get bored with routine and Cap can get anxious with chaos so finding a middle ground is key. When they play to their strengths, they can turn bold plans into real results blending Aries' fearless creativity with Cap's steady follow-through. Their combined drive can achieve amazing things, as long as they stay open to each other's unique approaches. As friends, this is a 'push you to be your best self' duo. Aries can help Cap loosen up and take risks and Cap can help Aries slow down and plan for the future. There's plenty of laughter, friendly competition, and a mutual respect that grows with time. They cheer each other on, celebrate wins (big or small), and aren't afraid to challenge each other in the best way possible. They can create a friendship that's both dynamic and deeply grounding and always inspiring each other to reach higher. As lovers, this is a great connection built on trust, sensuality, and loyalty. Both are earth signs, they value stability, hard work, and creating a comfortable life. Capricorn is inspired by Taurus's warmth and steadfastness, while Taurus appreciates Cap's ambition and follow-through. This is the couple that can build a beautiful home, supports each other's dreams, and grows closer over time. The only danger? Stubbornness. Both can dig in their heels during conflict, but forgiveness and patience come naturally. As coworkers, they're a powerhouse team. Taurus brings creative ideas and consistency and Cap brings leadership and long-term planning. They work best in practical, grounded environments and are great at making dreams into reality. Their shared reliability means deadlines are met and goals are not just set, but surpassed. As friends, these two share a love of good food, real conversations, and slow, steady growth. Taurus can help Cap relax and savor the moment and Cap can inspireTaurus to aim higher. Their friendship is comforting, loyal, and drama-free and rooted in simple joys and trust that stands the test of time. As lovers, Gemini is playful and restless and Capricorn is focused and cautious. There's an initial intrigue: Gemini can love Cap's mysterious side, and Cap is charmed by Gemini's wit. But the differences can feel big. Gemini can desire constant change and stimulation and Cap values consistency and depth. If they learn to respect their differences (and don't try to change each other), it can be a relationship full of fun and spontaneity, and grounding and realness. But this pairing needs patience, communication, and lots of space to thrive. As coworkers, Gemini is the idea generator and Cap is the project manager. Together, they can innovate and execute but only if they appreciate each other's pace. Cap can get frustrated by Gemini's scattered focus, and Gemini may get bored with Cap's methodical approach. Yet, their different strengths can create dynamic solutions when they stay open to each other's insights. As friends, Gemini brings lightness and laughter, helping Cap not take life so seriously. Cap supports Gemini's wild plans and changes and provides a safe place to land, and Gemini can bring some more variety to Cap's life. This friendship can be full of good talks, surprising adventures, and lessons on both sides, teaching each other how to grow through both change and consistency. As lovers, this is the classic 'opposites attract' pairing as they are polarity signs in astrology. Capricorn brings security and ambition and Cancer brings nurturing and emotional depth. Capricorn feels safe to open up with Cancer's care, and Cancer feels supported by Cap's loyalty and drive. There's a natural balance between building a future and cherishing the present. If they avoid falling into old routines or taking each other for granted, this bond is sweet, healing, and long-lasting. As coworkers, Cancer brings empathy and intuition and Cap brings focus and discipline. Together, they're unstoppable in roles that require care, planning, or leadership. Cancer brings out Cap's softer side, while Cap empowers Cancer to bring their visions to life. Their unique balance turns ordinary teamwork into a supportive, motivated community. As friends, Cancer is the one who checks in and remembers birthdays and Cap is the one who gives wise advice and shows up when it counts. This is a friendship of deep loyalty, honest support, and a lot of heart. They definitely can be on the same wavelength! Their connection is often lifelong, weathering any storm and celebrating every victory side by side. As lovers, Leo brings sparkle and joy and Capricorn brings substance and direction. There's mutual admiration. Cap loves Leo's confidence and Leo is drawn to Cap's strength. Together, they're capable of building a beautiful, lasting relationship if they respect each other's style. A challenge? Sometimes Cap prefers a low-key vibe, while Leo loves to turn up the sparkle. But when they meet in the middle, the result is passion, partnership, and plenty of celebration. As coworkers, Leo wants to lead and be recognized and Cap wants results and efficiency. They're both determined, and together they can achieve great things especially in creative or leadership roles. But if ego clashes or competition get in the way, things can get messy. When they're in sync, their combined energy is magnetic and inspiring for everyone around them. As friends, Leo can helps Cap enjoy life and celebrate their wins, while Cap can help Leo set goals and stay grounded. They can push each other out of comfort zones, and there's always a story to tell. Their adventures are the stuff of legend, mixing laughter, loyalty, and a mutual desire to see the other shine. As lovers, this is an earth-sign dream team. Both are practical, loyal, and thoughtful, with a shared love for growth and improvement. Capricorn is inspired by Virgo's intelligence and devotion, while Virgo feels safe with Cap's steady presence. Their relationship is about small gestures, support, and building a life that matters. If they avoid nitpicking or getting stuck in routines, this love grows deeper every year. As coworkers, these two can accomplish literally anything! Virgo handles the details, Cap sets the goals, and achievement often follows. There's mutual respect and a shared commitment to excellence. Together, they create lasting success. Their methodical teamwork means every project benefits from both vision and precision. As friends, these two are a great match. Virgo and Cap are each other's confidantes, advisers, and sounding boards. They share honest advice, long talks, and a love of learning. This friendship is grounding, reliable, and endlessly supportive, always helping each other find practical solutions to life's challenges. As lovers, Libra brings charm, romance, and a sense of fun and Cap brings depth, loyalty, and a long-term view. Libra is drawn to Cap's stability, while Cap is enchanted by Libra's grace. Together, they can balance each other beautifully, but may struggle with decision-making as Libra can tend to be indecisive and Cap is sometimes rigid. If they learn to communicate and compromise, this pairing can work! They'll need to avoid passive-aggressive tension and keep things fresh. As coworkers, Libra excels at partnership and diplomacy and Cap handles strategy and execution. They complement each other in creative or people-centered roles. If they focus on strengths, they make an unstoppable team. Their different talents bring harmony and balance to the workspace, making every goal feel achievable. As friends, Libra helps Cap socialize and have fun, while Cap encourages Libra to go after their dreams. It can be a good mix of lightness and groundedness. Their friendship is warm, inspiring, and full of mutual respect. Together, they bring out the best in each other, supporting personal growth and new experiences. As lovers, this pairing is intense, powerful, and deeply loyal. They can be a great match as both are private, passionate, and committed to building a real partnership (It's giving: power couple). Capricorn admires Scorpio's depth and Scorpio values Cap's strength and integrity. Together, they create a bond that's fiercely protective and slow to fade. The challenge is learning to let go of control as both can be stubborn, but when they trust each other, it's unbreakable. As coworkers, they need to be on the same page and work really well together. Scorpio sees the hidden angles, and Cap builds the plan. They excel in high-stakes, confidential, or transformative work. Honesty and shared goals help them to succeed but if egos clash, tension can build. When they're in sync, their results are powerful and often ahead of the curve. As friends, these two get along well! They share secrets, wild ideas, and have an unspoken understanding. Cap can help Scorpio channel their intensity, and Scorpio can help Cap face their own emotions. This friendship is safe, strong, and full of shared growth, marked by loyalty and the ability to weather life's storms together. As lovers, Sagittarius is free-spirited and adventurous and Capricorn is loyal and grounded. This is a classic 'opposites attract' scenario as Sag inspires Cap to have more fun, while Cap helps Sag focus and build something real. The challenge is respecting each other's differences. Cap may feel Sag is too unpredictable at times, while Sag may see Cap as too rigid. If they compromise, this relationship can be full of growth, laughter, and real magic. As coworkers, Sag brings energy and vision and Cap brings order and follow-through. They can be a powerful duo in a work scenario, as long as they communicate and respect each other's styles. Their partnership blends enthusiasm with practicality, helping every idea get off the ground and across the finish line. As friends, this is one balancing each other out. Sag encourages Cap to let loose, while Cap gives Sag a safe landing spot. Their friendship can be full of travel, new experiences, and meaningful support. When they stay open to each other they can complement each other beautifully, making life richer, more interesting, and a little less predictable. As lovers, this duo oozes success. This is the slow-burn, power couple connection. Both are cautious, driven, and loyal, so trust takes time but grows deep. They understand each other's ambitions and challenges, and together, they build a partnership rooted in respect and shared goals. If they avoid getting too serious or work-obsessed, they can have a relationship that's both powerful and nurturing. As coworkers, two Caps can accomplish anything they set their minds to. Truly. They can be unstoppable. There can be a risk for some competition, but more often, there's collaboration and shared vision. They create lasting success and set a high standard for everyone around them. Their combined drive can be inspiring, and together they build foundations that last. As friends, Capricorns really understand each other, vibe with each other, and are there for each other through thick and thin, with honest advice and steady support. They can have a friendship that stands the test of time (it's not unusual for them to keep the same friends for most of their lives), offering strength and stability that few other bonds can match. They are solid besties for sure! As lovers, Cap and Aquarius is an interesting pairing. Aquarius brings innovation, originality, and surprise and Capricorn brings tradition, grounding, and commitment. This match can truly be fascinating! Cap loves Aquarius's unique ideas, while Aquarius admires Cap's drive. The challenge is balancing tradition and change. Cap may find Aquarius unpredictable, while Aquarius may see Cap as too rigid. If they value each other's gifts, this relationship can be unconventional, passionate, and full of mutual growth. As coworkers, they can jive. Aquarius is the innovator and Cap is the implementer. Both signs are traditionally ruled by Saturn and can be disciplined. Together, they can spark change and bring new ideas to life, especially in creative or tech-focused fields. Their combined strengths can help those they work with think outside the box while keeping progress on track. As friends, these two can find common ground on things that excite them and enjoy each other's company. Aquarius inspires Cap to try new things, while Cap helps Aquarius turn visions into reality. Their friendship is weird, wonderful, and always evolving. Together, they prove that even the most unlikely pairings can create the most memorable journeys. As lovers, these two keep dreams at the center. In the relationship, Pisces can bring compassion, magic, and emotional healing and Capricorn offers safety, loyalty, and practical support. Together, they can blend dreams with reality and find strength in their differences. Cap can help Pisces stay grounded, while Pisces can help Cap open their heart. Their bond can be gentle, forgiving, and grows stronger over time, unless Cap becomes too closed off or Pisces too escapist. As coworkers, it's about being on the same page. Pisces is creative and intuitive, Cap is organized and determined. Together, they create beauty and success, especially in healing or artistic fields. Their partnership is marked by kindness, patience, and a shared dedication to helping others thrive. As friends, the two can have a lot of fun if the stay open and go with the flow. Pisces can support Cap through the hard times, and Cap can help Pisces feel safe and understood. Their friendship can be soulful, healing, and lasting, a sanctuary for both hearts, full of compassion and quiet magic. Capricorn Zodiac Compatibility: Their Best & Worst Matches first appeared on Parade on Jul 2, 2025 This story was originally reported by Parade on Jul 2, 2025, where it first appeared.
Yahoo
17-05-2025
- Business
- Yahoo
Is Capricorn Energy PLC (LON:CNE) Trading At A 28% Discount?
Capricorn Energy's estimated fair value is UK£2.98 based on 2 Stage Free Cash Flow to Equity Current share price of UK£2.16 suggests Capricorn Energy is potentially 28% undervalued Our fair value estimate is 17% higher than Capricorn Energy's analyst price target of US$2.55 Today we will run through one way of estimating the intrinsic value of Capricorn Energy PLC (LON:CNE) by taking the expected future cash flows and discounting them to today's value. We will take advantage of the Discounted Cash Flow (DCF) model for this purpose. There's really not all that much to it, even though it might appear quite complex. Companies can be valued in a lot of ways, so we would point out that a DCF is not perfect for every situation. If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in the Simply Wall St analysis model. We've discovered 3 warning signs about Capricorn Energy. View them for free. We are going to use a two-stage DCF model, which, as the name states, takes into account two stages of growth. The first stage is generally a higher growth period which levels off heading towards the terminal value, captured in the second 'steady growth' period. To start off with, we need to estimate the next ten years of cash flows. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years. Generally we assume that a dollar today is more valuable than a dollar in the future, so we discount the value of these future cash flows to their estimated value in today's dollars: 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 Levered FCF ($, Millions) -US$13.1m US$39.7m US$27.6m US$21.4m US$18.2m US$16.4m US$15.4m US$14.9m US$14.6m US$14.5m Growth Rate Estimate Source Analyst x2 Analyst x3 Analyst x3 Est @ -22.41% Est @ -14.99% Est @ -9.81% Est @ -6.17% Est @ -3.63% Est @ -1.85% Est @ -0.61% Present Value ($, Millions) Discounted @ 7.2% -US$12.3 US$34.6 US$22.5 US$16.3 US$12.9 US$10.9 US$9.5 US$8.6 US$7.8 US$7.3 ("Est" = FCF growth rate estimated by Simply Wall St)Present Value of 10-year Cash Flow (PVCF) = US$118m The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 5-year average of the 10-year government bond yield of 2.3%. We discount the terminal cash flows to today's value at a cost of equity of 7.2%. Terminal Value (TV)= FCF2034 × (1 + g) ÷ (r – g) = US$15m× (1 + 2.3%) ÷ (7.2%– 2.3%) = US$306m Present Value of Terminal Value (PVTV)= TV / (1 + r)10= US$306m÷ ( 1 + 7.2%)10= US$153m The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is US$271m. In the final step we divide the equity value by the number of shares outstanding. Relative to the current share price of UK£2.2, the company appears a touch undervalued at a 28% discount to where the stock price trades currently. Valuations are imprecise instruments though, rather like a telescope - move a few degrees and end up in a different galaxy. Do keep this in mind. The calculation above is very dependent on two assumptions. The first is the discount rate and the other is the cash flows. Part of investing is coming up with your own evaluation of a company's future performance, so try the calculation yourself and check your own assumptions. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Capricorn Energy as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 7.2%, which is based on a levered beta of 0.946. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business. See our latest analysis for Capricorn Energy Strength Debt is not viewed as a risk. Dividend is in the top 25% of dividend payers in the market. Weakness No major weaknesses identified for CNE. Opportunity Has sufficient cash runway for more than 3 years based on current free cash flows. Good value based on P/S ratio and estimated fair value. Threat Not expected to become profitable over the next 3 years. Whilst important, the DCF calculation shouldn't be the only metric you look at when researching a company. DCF models are not the be-all and end-all of investment valuation. Rather it should be seen as a guide to "what assumptions need to be true for this stock to be under/overvalued?" For example, changes in the company's cost of equity or the risk free rate can significantly impact the valuation. What is the reason for the share price sitting below the intrinsic value? For Capricorn Energy, there are three essential elements you should explore: Risks: For instance, we've identified 3 warning signs for Capricorn Energy (1 is concerning) you should be aware of. Future Earnings: How does CNE's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart. Other Solid Businesses: Low debt, high returns on equity and good past performance are fundamental to a strong business. Why not explore our interactive list of stocks with solid business fundamentals to see if there are other companies you may not have considered! PS. The Simply Wall St app conducts a discounted cash flow valuation for every stock on the LSE every day. If you want to find the calculation for other stocks just search here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
28-03-2025
- Business
- Yahoo
Capricorn Energy Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag
Revenue: US$177.9m (down 12% from FY 2023). Net loss: US$12.6m (loss narrowed by 91% from FY 2023). US$0.17 loss per share (improved from US$1.41 loss in FY 2023). All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue missed analyst estimates by 3.3%. Earnings per share (EPS) exceeded analyst estimates by 147%. Looking ahead, revenue is forecast to decline by 23% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the United Kingdom are expected to remain flat. Performance of the British Oil and Gas industry. The company's shares are down 3.3% from a week ago. You should always think about risks. Case in point, we've spotted 2 warning signs for Capricorn Energy you should be aware of, and 1 of them can't be ignored. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
