Block Energy Plc (BLOE) AI Stock Analysis

• Market Cap: £6.57M
• Dividend Yield: N/A
• Average Volume (3M): 2.07M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.09
• Revenue Growth: -12.37%
• EPS Growth: 76.00%
• Country: UK
• Employees: 147
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): N/A
• Shares Outstanding: 772,653,300
• 10 Day Avg. Volume: 734,944
• 30 Day Avg. Volume: 2,065,090
• PEG Ratio: 0.14
• Price to Book (P/B): 0.24
• Price to Sales (P/S): 0.82
• P/FCF Ratio: 8.40
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: £1.00
• Price Target Upside: 13.64% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 53 Neutral
• Price Target: 1.00p ▲(13.64% Upside)

Block Energy Plc's overall stock score is primarily impacted by its challenging financial performance, characterized by declining revenues and negative profitability. While technical indicators are neutral, the stock's valuation is weakened by a negative P/E ratio and lack of dividend yield. The absence of earnings call data and corporate events means these factors do not influence the score.

Block Energy Plc Business Overview & Revenue Model

Company Description

Block Energy Plc explores for, develops, and produces oil and gas in the Republic of Georgia. Its flagship field is the 100% owned West Rustavi onshore oil and gas field located in Kura basin. The company also owns 100% working interests in Block IX, Block XI, and Norio onshore oil fields, and 90% working interest in Satskhenisi onshore oil field located in Kura basin. The company was formerly known as Goldcrest Resources Plc and changed its name to Block Energy Plc in May 2017. Block Energy Plc was incorporated in 2005 and is headquartered in London, the United Kingdom.

How the Company Makes Money

Block Energy Plc generates revenue primarily through the sale of crude oil and natural gas produced from its exploration and production activities. The company's revenue model is heavily reliant on the successful operation of its oil and gas wells, where it earns income from the sale of hydrocarbons to various markets. Key revenue streams include direct sales to local and international buyers, as well as potential revenue from partnerships with other energy firms for joint ventures or service agreements. Additionally, fluctuations in global oil and gas prices significantly impact revenue, as well as the company's ability to effectively manage operational costs and production levels. Strategic partnerships with local and international companies can also enhance Block Energy's market position and revenue potential.

Block Energy Plc Financial Statement Overview

Summary

Block Energy Plc is facing a challenging financial environment with declining revenues and persistent profitability issues. Despite a strong balance sheet with low leverage, the company's ability to generate returns is weak. Cash flow management shows improvement, but operational efficiency and profitability need enhancement.

Income Statement

Block Energy Plc has shown a decline in revenue growth with a negative rate of -6.96% in the latest year, indicating a challenging market environment. The gross profit margin has decreased slightly to 36.89%, and the net profit margin remains negative at -8.08%, reflecting ongoing profitability challenges. Despite a slight improvement in EBITDA margin to 11.39%, the company still faces operational inefficiencies as indicated by the negative EBIT margin.

Balance Sheet

The company maintains a low debt-to-equity ratio of 0.079, suggesting conservative leverage and financial stability. However, the return on equity is negative at -2.41%, indicating that the company is not generating sufficient returns on shareholders' equity. The equity ratio is strong, highlighting a solid capital structure, but profitability remains a concern.

Cash Flow

Block Energy Plc has shown significant improvement in free cash flow growth at 412.65%, indicating better cash management. The operating cash flow to net income ratio is 0.64, suggesting that the company is generating cash from operations, though the free cash flow to net income ratio of 0.53 indicates room for improvement in converting earnings into cash.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	7.53M	8.37M	8.26M	6.11M	1.25M
Gross Profit	2.78M	3.17M	2.31M	3.13M	-948.00K
EBITDA	858.00K	-909.00K	415.00K	-1.79M	-4.72M
Net Income	-609.00K	-2.21M	-1.61M	-4.78M	-5.51M
Balance Sheet
Total Assets	29.48M	29.96M	30.62M	30.93M	34.01M
Cash, Cash Equivalents and Short-Term Investments	1.14M	713.00K	450.00K	1.24M	6.33M
Total Debt	2.00M	2.00M	0.00	0.00	0.00
Total Liabilities	4.17M	4.26M	3.42M	3.86M	4.32M
Stockholders Equity	25.31M	25.71M	27.20M	27.07M	29.69M
Cash Flow
Free Cash Flow	734.00K	-1.52M	-1.21M	-6.97M	-5.81M
Operating Cash Flow	1.40M	1.57M	1.52M	-565.00K	-3.19M
Investing Cash Flow	-657.00K	-3.06M	-2.45M	-6.12M	-2.60M
Financing Cash Flow	-311.00K	1.75M	-1.00K	1.46M	5.34M

Block Energy Plc Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.88
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:BLOE, the sentiment is Positive. The current price of 0.88 is above the 20-day moving average (MA) of 0.86, below the 50-day MA of 0.89, and below the 200-day MA of 0.88, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 52.11 is Neutral, neither overbought nor oversold. The STOCH value of 60.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:BLOE.

Block Energy Plc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
BLOE	53 Neutral	£6.57M	―	-2.34%	―	-12.37%	76.00%
ORCA	33 Underperform	£7.31M	―	-39.00%	―	―	27.27%

Block Energy Plc Corporate Events

Block Energy Finalizes Farmout Agreement for Georgian License

Block Energy plc has finalized negotiations for the farmout of its XIQ license, part of Project IV in Georgia, to a leading international exploration and production company. The agreement, pending government approval, allows the partner to acquire up to a 75% interest in the license, with an option to increase to 92.5% following a work program involving 3D seismic and drilling. This development marks a significant milestone for Block Energy, potentially unlocking the XIQ’s resource potential and providing momentum for other projects.

The most recent analyst rating on (GB:BLOE) stock is a Hold with a £1.00 price target. To see the full list of analyst forecasts on Block Energy Plc stock, see the GB:BLOE Stock Forecast page.

Block Energy Completes Landmark CO2 Injection in Georgia

Block Energy plc has successfully completed its initial CO2 injection as part of its Carbon Capture Storage project in Georgia, marking the first successful pilot of its kind in Eastern Europe. This milestone positions Block Energy as a leader in low-cost CCS technology, paving the way for commercial opportunities and collaborations with industrial partners and carbon markets. The pilot aims to demonstrate the viability of large-scale CO2 mineralisation, potentially offering solutions for carbon emissions reduction in Georgia and beyond. The project aligns with EU carbon regulations and reflects a commitment to sustainable industrial practices.

The most recent analyst rating on (GB:BLOE) stock is a Hold with a £1.00 price target. To see the full list of analyst forecasts on Block Energy Plc stock, see the GB:BLOE Stock Forecast page.

Block Energy Advances Multi-Project Portfolio with Key Updates

Block Energy plc has provided an update on its multi-project portfolio, highlighting progress in farmouts, Carbon Capture and Storage (CCS), drilling activities, and new ventures. The company is advancing discussions on farmouts for Projects III and IV, with promising technical and commercial alignment. The CCS pilot, set to commence injection operations this quarter, could position Block as a leader in mineralisation-based CO₂ storage in the region. Additionally, the company plans to implement a cost-effective ‘slim hole’ drilling technique in Project I, potentially unlocking further low-cost drilling opportunities. Block Energy remains focused on capital-efficient growth, both within Georgia and internationally.

Block Energy Secures Shareholder Approval at AGM

Block Energy plc announced that all resolutions at its Annual General Meeting were approved by shareholders, indicating strong support for the company’s strategic direction. This approval reinforces Block Energy’s position in the energy sector, particularly in Georgia, and supports its ongoing projects and strategic goals, potentially impacting stakeholders positively by enhancing production and development activities.