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%