Risk factor
Very high price volatility
Profitability factor
Greatly overvalued vs peers
About
Chariot Limited, together with its affiliated companies, is engaged in oil and gas exploration and assessment activities. The company's operations are divided into two primary divisions: Transactional Gas and Transactional Power. It holds significant interests in Moroccan offshore licenses, specifically the Rissana license, which covers roughly 8,489 square kilometers, and the Lixus license, encompassing approximately 2,390 square kilometers. Furthermore, Chariot focuses on developing power projects for the mining industry throughout Africa. Founded in 2007 and based in Saint Peter Port, Guernsey, the company previously operated as Chariot Oil & Gas Limited until it rebranded as Chariot Limited in June 2021.
Company Valuation
Based on key historical and expected multiples, the stock is greatly overvalued relative to its peers. Specifically, the stock is 'expensive' on P/E, overvalued on EV/EBI