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Zenith Energy
(LSE:ZEN)
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Rating:43Neutral
Price Target:
3.50 p
▼(-23.91% Downside)
Action:Reiterated
Date:10/30/26
The score is weighed down primarily by weak financial quality—persistent negative operating/free cash flow and sharply volatile profitability—alongside a technically weak setup with the price below major moving averages and negative MACD. Valuation offers limited support due to the negative P/E and no dividend data.
Positive Factors
Revenue Growth
The company has expanded its top line across multiple periods, indicating progress in customer activity and operating scale. Continued revenue growth can support greater utilization of generation assets and provide a foundation for improving earnings if cost control and execution become more consistent.
Negative Factors
Negative Cash Generation
Persistent negative operating and free cash flow shows that the business has not yet funded operations and investment internally. Continued cash deficits can increase reliance on external financing or asset actions, limiting strategic flexibility and making expansion more dependent on capital availability.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
The company has expanded its top line across multiple periods, indicating progress in customer activity and operating scale. Continued revenue growth can support greater utilization of generation assets and provide a foundation for improving earnings if cost control and execution become more consistent.
Read all positive factors
Zenith Energy (ZEN) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£30.01M
Dividend YieldN/A
Average Volume (3M)637.04K
Price to Earnings (P/E)―
Beta (1Y)-0.53
Revenue Growth4.05%
EPS Growth-513.85%
CountryUK
Employees34
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)-0.03
Shares Outstanding779,538,150
10 Day Avg. Volume1,383,917
30 Day Avg. Volume637,037
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.88
Price to Sales (P/S)33.92
P/FCF Ratio-3.91
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Zenith Energy Business Overview & Revenue Model
Company Description
Zenith Energy Ltd., along with its affiliated companies, is involved in the exploration and development of crude oil and natural gas reserves in various international regions, notably Italy and the Republic of the Congo. Beyond its core activities...
How the Company Makes Money
Zenith Energy primarily makes money by selling electricity and energy services under contracted arrangements where it develops/owns generation assets and supplies power to customers, typically via long-term power purchase or energy supply agreemen...
Zenith Energy Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
55
Neutral
Cash Flow
18
Very Negative
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.32M | 2.15M | 1.79M | 13.16M | 8.24M |
| Gross Profit | 74.46K | 80.00K | -3.23M | 2.66M | 3.78M |
| EBITDA | -5.74M | 9.41M | -33.42M | -5.58M | -2.00M |
| Net Income | -19.78M | 1.09M | -42.37M | -12.83M | 64.44M |
Balance Sheet | |||||
| Total Assets | 197.46M | 164.72M | 140.02M | 262.91M | 259.30M |
| Cash, Cash Equivalents and Short-Term Investments | 2.07M | 3.20M | 207.00K | 1.44M | 1.15M |
| Total Debt | 53.82M | 48.50M | 41.68M | 33.94M | 18.34M |
| Total Liabilities | 107.84M | 99.09M | 90.04M | 171.26M | 156.21M |
| Stockholders Equity | 89.62M | 65.63M | 49.98M | 91.65M | 103.09M |
Cash Flow | |||||
| Free Cash Flow | -20.12M | -11.38M | -4.24M | -16.27M | -13.19M |
| Operating Cash Flow | -18.72M | -10.97M | -4.19M | -15.84M | -13.13M |
| Investing Cash Flow | -1.40M | 1.24M | -593.00K | -430.00K | -2.17M |
| Financing Cash Flow | 19.00M | 12.71M | 3.55M | 16.56M | 14.82M |
Zenith Energy Technical Analysis
Negative
4.60
Price Trends
4.27
Negative
4.39
Negative
4.97
Negative
Market Momentum
-0.07
Negative
42.74
Neutral
38.75
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:ZEN, the sentiment is Negative. The current price of 4.6 is above the 20-day moving average (MA) of 3.95, above the 50-day MA of 4.27, and below the 200-day MA of 4.97, indicating a bearish trend. The MACD of -0.07 indicates Negative momentum. The RSI at 42.74 is Neutral, neither overbought nor oversold. The STOCH value of 38.75 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:ZEN.
Zenith Energy Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
55 Neutral | £101.07M | 55.88 | -3.94% | ― | ― | ― | |
46 Neutral | £20.08M | -19.06 | -69.60% | ― | ― | ― | |
46 Neutral | £15.34M | -6.90 | -16.93% | ― | 101.48% | 76.79% | |
44 Neutral | £14.25M | -4.75 | -7.54% | ― | 3484.37% | 34.88% | |
43 Neutral | £30.01M | -2.17 | -24.12% | ― | 4.05% | -513.85% | |
42 Neutral | £3.21M | -0.14 | 319.49% | ― | ― | -144.25% |
* Energy Sector Average
GB:ZEN
Zenith Energy
3.85
0.85
28.33%
GB:EOG
Europa Oil & Gas (Holdings)
1.53
-0.20
-11.59%
GB:SOU
Sound Energy
1.40
-4.60
-76.67%
GB:CHAR
Chariot Oil & Gas
3.34
1.58
90.21%
GB:MATD
Petro Matad
0.83
-0.70
-45.72%
GB:PRD
Predator Oil & Gas Holdings Plc
1.33
-1.77
-57.10%
Zenith Energy Corporate Events
Business Operations and StrategyFinancial Disclosures
Zenith Energy Expands Italian Solar Pipeline With New Lombardy Project
Positive
Oct 19, 2026
Zenith Energy has acquired a new 10 MWp ground-mounted photovoltaic development project in the Province of Pavia, Lombardy, increasing its local solar cluster to about 30 MWp across four projects and lifting its total solar development pipeline to...
Business Operations and StrategyM&A Transactions
Zenith Energy boosts Italian solar pipeline with new Lombardy acquisitions
Positive
Sep 28, 2026
Zenith Energy has expanded its Italian solar portfolio with the acquisition of two ground-mounted photovoltaic development projects, Stradella 2 and Stradella 3, in Lombardy’s Province of Pavia, adding about 11 MWp of indicative capacity. To...
Business Operations and StrategyM&A Transactions
Zenith Energy Enters Lombardy With 9 MW Solar Project as Italian Asset Sales Advance
Positive
Sep 17, 2026
Zenith Energy has acquired Stradella 1, a ground-mounted photovoltaic development project of about 9 MWp in Pavia, marking its first solar development in Lombardy, Italy. The region is Italy’s most energy-intensive, offering strong fundament...
Business Operations and StrategyFinancial Disclosures
Zenith Energy Cash Flow Surges on Soaring Italian Power Prices
Positive
Sep 16, 2026
Zenith Energy is benefiting from a sharp rise in European energy prices, with Italian electricity and gas markets tightening amid disruptions to LNG flows and oil infrastructure. As gas-fired plants set power prices across Europe, Italy’s da...
Business Operations and StrategyLegal Proceedings
Zenith Energy Escalates Tunisia Arbitration Battle to Swiss Court and Strasbourg
Negative
Sep 15, 2026
Zenith Energy’s subsidiary, Canadian North Africa Oil and Gas Limited, has advanced its challenge to an adverse ICC-2 arbitration award against the Republic of Tunisia by pursuing annulment before the Swiss Federal Supreme Court. The case st...
Financial DisclosuresPrivate Placements and Financing
Zenith Energy Meets Coupon Obligations on 2027 and 2029 Multi-Currency Bonds
Positive
Sep 8, 2026
Zenith Energy Ltd., an independent energy producer and developer, operates revenue-generating production, exploration and development assets in North Africa, the U.S. and Europe. The company is listed on the main market of the London Stock Exchang...
Business Operations and StrategyDelistings and Listing ChangesPrivate Placements and Financing
Zenith Energy Raises Capital to Advance Solar Strategy and Expands Share Base
Positive
Sep 8, 2026
Zenith Energy Ltd., an independent energy producer with operations across North Africa, the U.S. and Europe, is listed on the London Stock Exchange, Euronext Growth Oslo and Sweden’s Spotlight Stock Market. The company’s strategy centr...
Business Operations and StrategyM&A Transactions
Zenith Energy lifts Italian solar pipeline above 200 MWp and raises 2026 target
Positive
Aug 12, 2026
Zenith Energy Ltd., a diversified independent energy producer with assets across North Africa, the U.S. and Europe, is deepening its push into Italian solar power. The company, listed on the London, Oslo and Spotlight exchanges, is pursuing a stra...
Private Placements and FinancingRegulatory Filings and Compliance
Zenith Energy Confirms New Share Capital and Voting Rights After Equity Issuance
Neutral
Jul 31, 2026
Zenith Energy has updated investors on its total voting rights following the completion of a recent equity issuance in Norway, confirming an issued share capital of 764,756,457 common shares. Each share carries one voting right, bringing the total...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.