Liquefied Natural Gas Limited (LNGL)

Business description

Liquefied Natural Gas Ltd is an ASX-listed company devoted to the development of LNG export terminals in the US, Canada and other potential locations. It has traded ADRs.

Stock data

Market cap.A$346.3m
Last closeA$0.68
High / Low (52 weeks)A$1.1 / A$0.5
Stock market listingAU, US
Forecast net cash (A$m)24
Forecast gearing ratio (%)N/A
TeamResources - Oil & Gas
SectorOil & Gas

Price performance

%1m3m12m
Actual2.3(15.1)25.0
Relative *3.5(15.7)16.6

* % Relative to local index

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Company news

Ships steer bullish bets for liquefied natural gas

Mon, 23 Jan 2017 09:01:25 GMT

Australia-listed Liquefied Natural Gas Ltd signs 20 year pact to supply US LNG ...

Fri, 27 Jan 2017 10:27:06 GMT

Liquefied Natural Gas Ltd (ASX:LNG) Magnolia LNG Receives FERC NTP

Thu, 04 May 2017 23:37:30 GMT

Liquefied Natural Gas Ltd (ASX:LNG) Quarterly Highlights and Appendix 4C

Fri, 28 Apr 2017 04:18:45 GMT

US Liquefied Natural Gas To China Is A Game-Changer

Thu, 25 May 2017 22:18:45 GMT

Y/E Jun Revenue (A$m) EBITDA (A$m) PBT (A$m) EPS (fd) (c) P/E (x) P/CF (x)
2015A 8.0 (72.0) (71.0) (0.2) N/A N/A
2016A 7.0 (101.0) (101.0) (0.2) N/A N/A
2017E 2.0 (22.0) (22.0) 0.0 N/A N/A
2018E 103.0 71.0 71.0 0.1 675.0 4.9

Last updated on 25/04/2017

Latest research

Marketing mode

ADR Update | Oil & Gas | 06/04/2017

Marketing mode

Update | Oil & Gas | 05/04/2017

Good start to the year

ADR Update | Oil & Gas | 31/01/2017

Good start to the year

Update | Oil & Gas | 31/01/2017

Magnolia progresses

ADR Update | Oil & Gas | 19/12/2016

Magnolia progresses

Update | Oil & Gas | 19/12/2016

Ready to pull the trigger on Magnolia

ADR Outlook | Oil & Gas | 28/10/2016

Ready to pull the trigger on Magnolia

Outlook | Oil & Gas | 28/10/2016

Awaiting binding tolling agreements

ADR Update | Oil & Gas | 26/04/2016

Awaiting binding tolling agreements

Update | Oil & Gas | 26/04/2016

Assets and long-term growth

Outlook | Oil & Gas | 15/07/2015

Assets and long-term growth

ADR Outlook | Oil & Gas | 15/07/2015

Investment summary

Liquefied Natural Gas Ltd has made progress in the last six months towards Final Investment Decision. Signing binding tolling agreements is key and encouragingly, the company is in discussion with potential partners for over three times the 8mtpa capacity. Importantly, the project retains its (non-binding) offtake agreement with Meridian and a heads of agreement with Vessel Gasification Solutions. Technically, the project is in good shape, with certainty over costs (until June 2017) and non-FTA approval received, while discussions with Stonepeak over extension of equity funding are advancing and debt funding capacity should be available. We have tweaked our DCF-based valuation for actual cash levels and FX rates, resulting in a broadly unchanged value of A$1.26/share (or US$3.84/ADR).

Last updated on 02/05/2017

Key management

Richard Beresford, Chairman
Mike Mott, CFO
Norman Marshall, CFO

Company address

Ground Floor
5 Ord Street
West Perth
WA
6005
Australia
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