Daily Value Idea 04/08/14 , Nano Cap

Today's thought, a tiny (15M EV 25M MC) company with a solid balance sheet with outstanding ROIC.

Spindletop Oil & Gas Co. (SPND) founded 1985 explores, develops, and produces crude oil and natural gas in North America. SPND produces in 16 states with large Texas concentration.

Why consider SPND:

Consistent growth of per share book value; average annual ROIC from 2012 to most  recent TTM was 16.50%; FCF/Sales 2012 to present 16.53%; 85% held by insiders; 52 change = -5.26%, 2010 to current quarter annual top line growth was 16.43%; aggressive share count reduction; debt reduction, share count was 7,660,803 as of 2009 to current reduced balance of 6,997,952;  2009 long term debt was 3,980,000 reduced to 2,910,000.

Market Cap: 24.97M , Enterprise Value:  14.51M
Trailing P/E:   7.59 ,Price/Sales:  1.85 , Price/Book:   1.22
Enterprise Value/Revenue:  1.12 , Enterprise Value/EBITDA: 2.73
Profit Margin :  25.63% , Operating Margin: 25.56%
Return on Assets : 7.82% , Return on Equity : 17.71%
Gross Profit:  9.40M , EBITDA :  5.31M
Total Cash :   9.44M , Total Cash Per Share:  1.36
Current Ratio:   2.49 , Book Value Per Share :  2.83
52-Week Change:   -5.26%
Shares Outstanding:    6.94M , Float:  1.04M

% Held by Insiders:    85.11%


Fred said...

Great new initiative John, like it very much!
(I'm not so keen on OTC stocks however :))

ShadowStock said...

Thanks, I will cover non OTC.

But remember like tonight's post its listed on the OTC but its a Canadian stocks also listed in the UK. The OTC lets USA investors purchase foreign stocks without large commissions. Good luck John