Vaalco Historical Income Statement

EGY Stock  USD 6.97  0.10  1.46%   
Historical analysis of Vaalco Energy income statement accounts such as Total Revenue of 477.8 M or Gross Profit of 193.9 M can show how well Vaalco Energy performed in making a profits. Evaluating Vaalco Energy income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Vaalco Energy's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining Vaalco Energy latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Vaalco Energy is a good buy for the upcoming year.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Vaalco Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
For more information on how to buy Vaalco Stock please use our How to Invest in Vaalco Energy guide.

About Vaalco Income Statement Analysis

Vaalco Energy Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Vaalco Energy shareholders. The income statement also shows Vaalco investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Vaalco Energy Income Statement Chart

Vaalco Energy Income Statement is one of the three primary financial statements used for reporting Vaalco's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Vaalco Energy revenue and expense. Vaalco Energy Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Vaalco Energy's Income Before Tax is fairly stable compared to the past year. Net Income is likely to rise to about 63.4 M in 2024, despite the fact that Total Other Income Expense Net is likely to grow to (15.2 M).

Total Revenue

Total revenue comprises all receipts Vaalco Energy generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Vaalco Energy minus its cost of goods sold. It is profit before Vaalco Energy operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Vaalco Energy. It is also known as Vaalco Energy overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Cost Of Revenue

Cost of Revenue is found on Vaalco Energy income statement and represents the costs associated with goods and services Vaalco Energy provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
Most accounts from Vaalco Energy's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Vaalco Energy current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Vaalco Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
For more information on how to buy Vaalco Stock please use our How to Invest in Vaalco Energy guide.At this time, Vaalco Energy's Income Before Tax is fairly stable compared to the past year. Net Income is likely to rise to about 63.4 M in 2024, despite the fact that Total Other Income Expense Net is likely to grow to (15.2 M).
 2021 2022 2023 2024 (projected)
Gross Profit96.8M184.7M184.6M193.9M
Total Revenue199.1M354.3M455.1M477.8M

Vaalco Energy income statement Correlations

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0.620.10.820.910.590.790.960.61-0.120.78-0.060.550.660.410.330.080.45-0.2-0.60.520.490.67-0.510.620.49
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0.320.350.50.570.250.820.550.520.36-0.550.850.660.10.10.10.390.97-0.82-0.360.72-0.040.48-0.10.390.31
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0.060.130.250.34-0.020.650.520.40.13-0.70.640.480.720.12-0.060.00.40.72-0.72-0.250.10.240.110.210.16
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Click cells to compare fundamentals

Vaalco Energy Account Relationship Matchups

Vaalco Energy income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization7.1M9.6M45.6M43.2M115.3M121.1M
Interest Expense733K155K44.0M2.0M6.5M6.8M
Total Revenue84.5M67.2M199.1M354.3M455.1M477.8M
Gross Profit39.7M20.5M96.8M184.7M184.6M193.9M
Other Operating Expenses63.7M62.6M119.1M180.0M288.9M303.4M
Operating Income21.2M29.7M79.1M171.3M166.1M174.4M
Ebit21.2M29.7M79.1M171.3M166.1M174.4M
Ebitda28.3M39.3M124.7M214.5M281.4M295.5M
Cost Of Revenue44.8M46.7M102.3M169.7M270.4M283.9M
Total Operating Expenses18.9M16.0M16.8M10.3M18.5M19.8M
Income Before Tax21.0M(20.4M)59.8M123.4M150.1M157.7M
Total Other Income Expense Net(151K)(50.1M)(19.3M)(47.9M)(16.0M)(15.2M)
Net Income(2.8M)(48.1M)81.8M51.9M60.4M63.4M
Income Tax Expense23.9M27.7M(22.2M)71.4M89.8M94.3M
Selling General Administrative14.9M10.7M14.8M10.1M23.8M25.0M
Net Income Applicable To Common Shares2.6M(48.2M)81.8M51.9M46.7M49.0M
Extraordinary Items(490K)5.4M(98K)(72K)(82.8K)(86.9K)
Net Income From Continuing Ops(2.8M)(48.1M)81.9M52.0M34.1M35.9M
Non Recurring(341K)31.8M875K3.1M2.8M2.6M
Non Operating Income Net Other4.2M(151K)(19.3M)(47.9M)(43.1M)(40.9M)
Discontinued Operations(496K)5.4M(98K)(72K)(82.8K)(86.9K)
Tax Provision23.9M27.7M(22.2M)71.4M59.2M62.1M
Interest Income733K155K22.8M39.8M45.8M48.1M
Net Interest Income733K155K10K(2.0M)(7.1M)(6.7M)
Reconciled Depreciation7.3M9.6M21.1M48.1M121.3M127.3M

Pair Trading with Vaalco Energy

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Vaalco Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Vaalco Energy will appreciate offsetting losses from the drop in the long position's value.

Moving together with Vaalco Stock

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Moving against Vaalco Stock

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The ability to find closely correlated positions to Vaalco Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vaalco Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Vaalco Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Vaalco Energy to buy it.
The correlation of Vaalco Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Vaalco Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vaalco Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Vaalco Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Vaalco Energy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Vaalco Energy's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Vaalco Energy Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Vaalco Energy Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Vaalco Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
For more information on how to buy Vaalco Stock please use our How to Invest in Vaalco Energy guide.
Note that the Vaalco Energy information on this page should be used as a complementary analysis to other Vaalco Energy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.

Complementary Tools for Vaalco Stock analysis

When running Vaalco Energy's price analysis, check to measure Vaalco Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Vaalco Energy is operating at the current time. Most of Vaalco Energy's value examination focuses on studying past and present price action to predict the probability of Vaalco Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Vaalco Energy's price. Additionally, you may evaluate how the addition of Vaalco Energy to your portfolios can decrease your overall portfolio volatility.
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Is Vaalco Energy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Vaalco Energy. If investors know Vaalco will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Vaalco Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
1.386
Dividend Share
0.25
Earnings Share
0.56
Revenue Per Share
4.278
Quarterly Revenue Growth
0.544
The market value of Vaalco Energy is measured differently than its book value, which is the value of Vaalco that is recorded on the company's balance sheet. Investors also form their own opinion of Vaalco Energy's value that differs from its market value or its book value, called intrinsic value, which is Vaalco Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Vaalco Energy's market value can be influenced by many factors that don't directly affect Vaalco Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Vaalco Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Vaalco Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Vaalco Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.