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VAALCO Energy (EGY) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

VAALCO Energy
NYSE•Energy•Oil & Gas E&P
$6.00-0.04(-0.01%)Market closed
Market Cap
$633.38M
P/S
1.8x
P/B
1.7x

VAALCO Energy, Inc., an independent energy company, engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids in Gabon, Egypt, Equatorial Guinea, Cote d'Ivoire, Equatorial Guinea, Nigeria, and Canada. It holds 58.8% interest in the Etame production sharing contract related to the Etame Marin block covering an area of approximately 46,200 gross acres located offshore in the Republic of Gabon in West Africa. The company also holds 100% interest in the Eastern Desert, which contains West Gharib, West Bakr, and Northwest Gharib merged concessions covering an area of approximately 45,067 acres, as well as Western Desert, which contains the South Ghazalat concession covering an area of approximately 7,340 acres located in Egypt. In addition, it holds 27.4% non-operated working interest in CI-40 in the deepwater producing Baobab field in Block CI-40, offshore Cote d'Ivoire in West Africa. Further, the company owns production and working interests in Cardium light oil and Mannville liquids-rich gas assets in Harmattan, within the Western Canadian Sedimentary Basin, approximately 80 kilometers north of Calgary, Alberta; and a 60% working interest in an undeveloped portion of block P offshore Equatorial Guinea. VAALCO Energy, Inc. was incorporated in 1985 and is headquartered in Houston, Texas.

D

How this company scores

WeakMetricSide Score: 21/100

Strongest: Balance Sheet & Red Flags (13/25); weakest: Growth (2/25).

Profitability3/25
Growth2/25
Balance Sheet & Red Flags13/25
Cash & Earnings Quality3/25
Strengths
Low leverageImproving margins

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 14.6x5y range 2.3x – 14.6x
P/E 14.6x · above its 17-quarter median

Currently above its 17-quarter median.

P/S · 1.8x5y range 0.8x – 2.2x
P/S 1.8x · above its 20-quarter median

Currently above its 20-quarter median.

P/B · 1.7x5y range 0.7x – 2.6x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 160.0% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Red Flag

Free cash flow has been negative in 5 of the last 8 quarters — earnings are not translating to cash.

Price & Volume
Market Cap $633.38M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$349.81M
25%
Q. Revenue
$135.17M
40%
TTM EBITDA
$67.36M
75%
TTM Op. Income
$-36.53M
129%
Q. Op. Income
$43.59M
2Q
TTM Net Income
$-108.82M
381%
Q. Net Income
$42.45M
407%
EPS
$0.39
388%
Shares Out.
$104.52M
1%
$349.81M in TTM revenue declined 25.5% YoY, reaching $135.17M last quarter. TTM EBITDA of $67.36M and TTM operating income of $-36.53M show growth is flowing through to the bottom line. However, net income is negative at $108.82M — growth is not yet reaching the bottom line. Over the past year, TTM revenue is down 25% — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin
57.6%
2Q
Op. Margin
32.3%
2Q
Net Margin
31.4%
263%
Op. margin of 32.3% is up 14.5% YoY — cost efficiency is improving. Net margin at 31.4% Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
N/A
2Q
P/S Ratio
1.8x
126%
P/B Ratio
1.7x
127%
P/S of 1.8x and P/B of 1.7x. P/S is low relative to typical market levels. Across the last 5 quarters, P/E has risen for 2 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$968.57M
2Q
Cash
$30.39M
2Q
Long-Term Debt
$177.00M
2Q
Book Value
$380.33M
26%
D/E Ratio
0.5
4Q
Debt/EBITDA
2.3
With $968.57M in assets and $177.00M in long-term debt, D/E is 0.5and book value is $380.33M — a conservative capital structure with a cushion to weather downturns. Across the last 5 quarters, debt/equity has risen for 4 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$73.70M
302%
TTM Free Cash Flow
$-130.94M
628%
FCF Margin
-37.4%
877%
FCF / Net Income
1.2
359%
TTM FCF of $-130.94M on $73.70M in operating cash flow. The FCF / Net Income ratio of 1.2x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is down 628% — an improving trend.

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· above its 20-quarter median

Currently above its 20-quarter median.

Leverage Risk

Watch

Debt-to-equity has risen 296.8% recently — increasing financial risk even if the current ratio is manageable.

Revenue Decline

Red Flag

TTM revenue has contracted 27.4% — significant decline indicating deteriorating demand.

Cash Burn

Watch

5 of the last 8 quarters had negative FCF — inconsistent cash generation raises sustainability concerns.