# Tullow Oil plc (TLW.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Energy / Oil, Gas & Consumable Fuels. Price 22p, market value 335 millionp.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Tullow Oil plc reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 0.2×**. Each dollar of revenue is priced at 0.2×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **EV / EBITDA: 1.4×**. Enterprise value is 1.4× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 127.4%** (5-yr avg 1.3%). Free cash flow equals 127.4% of the market value, above its five-year average of 1.3%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.

## Profitability
- **Gross margin: 42.0%**. Tullow Oil plc keeps 42.0% of revenue after the direct cost of what it sells.
- **Operating margin: 33.7%**. 33.7% of revenue is left after running the business, an exceptional level.
- **Net margin: 0.8%**. 0.8% of each dollar of sales reaches the bottom line.
- **Return on equity: -2.6%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: 24.0%**. Return on all capital, debt included, is 24.0%: comfortably above what that capital costs.
- **Return on assets: 1.9%**. Each dollar of assets produces 1.9% of profit.

## Growth
- **Revenue growth (1 yr): -44.5%** (3-yr -21.8%/yr, 5-yr -9.4%/yr). Revenue fell 44.5% over the last year, against -9.4% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -88.9%** (3-yr -50.5%/yr). Earnings per share fell 88.9%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): -43.6%/yr**. Free cash flow has compounded at -43.6% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Net debt / EBITDA: 1.1×**. It would take 1.1 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 1.2×**. Operating profit covers interest only 1.2×: fragile.
- **Current ratio: 0.52** (quick 0.48). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Altman Z-score: 0.06**. A Z-score of 0.06 is in the distress zone, a signal to examine the balance sheet closely.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Tullow Oil plc does not currently pay a dividend.

## Analyst view
- **Analyst consensus: hold** (7 analysts). 7 analysts cover Tullow Oil plc; the consensus is hold, with an average price target of 16p (-27% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 97.9%** (YTD 256.5%, 3-mo 39.2%). The shares are up 97.9% over twelve months including dividends.
- **From 52-week high: -3.9%** (529.6% above the low). Trading within 5% of its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 66**. An RSI of 66 is neutral.
- **Beta (1 yr): -1.08** (volatility 103%). Beta of -1.08 against the FTSE All-Share: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=TLW.L · Page: https://foliofundamentals.com/stocks/tlw.l

Not investment advice.