WinstonWınston
Back

Deep Value: cash covers more than 100% of the stock price

This company holds roughly $101M in cash and investments — more than its entire stock-market value, based on its latest quarterly filing. You're paying very little for the actual business. Sometimes that's a genuine bargain or a takeover target, sometimes it's cheap for a reason. Not a buy signal on its own — always ask why it's this cheap.

Savannah Energy logo

Savannah Energy

SAVE.L
58
Oil & Gas Exploration & Production · Energy
Exchange
London Stock Exchange
Winston Score
58
Winston is curious
A decent business — some strong pillars, some weaker.
Data as of Aug 23, 2026 · filings through Jun 30, 2025
How the score breaks down
Quality
Strong
Growth
Mixed
Cash Flow
Good
Stability
Mixed
Valuation
Good

Winston Score History

The full picture

Savannah Energy is a British oil and gas company that finds and produces energy in Africa. It operates oil and gas fields in Chad and Niger, selling crude oil and natural gas to local buyers, regional utilities, and international traders. The company also has pipeline infrastructure assets that move oil across borders in central Africa.

Savannah makes money by selling the oil and gas it produces, earning revenue tied directly to commodity prices and production volumes. It operates almost entirely in Africa, making it one of the few London-listed companies focused exclusively on that continent's upstream energy sector. The company's pipeline ownership gives it some control over how oil reaches export markets, which is a modest competitive advantage. The biggest risk the business faces is political instability in its operating countries — both Chad and Niger have experienced military coups in recent years, which creates uncertainty around licenses, operations, and the ability to move cash out of those markets.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+16.0% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

+610.4% YoY

YoY Growth Rate

EPS growth accelerating

Insider Activity

44.3%ownership

Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

£207M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Growth + cash flow

Savannah Energy is a rare growth stock that's already generating positive cash flow while growing at 16%. The Winston Score doesn't fully credit this transition from "burner" to "earner."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale
Gross Margin
51.4%
Healthy — 51.4% gross margin
Profit after running costs
Operating Margin
29.0%
Excellent — 29.0% operating margin
Return on the money invested
ROCE
15.9%
Strong — 15.9% return on capital

ROIC between 15% and 25%. Every dollar invested in the business earns 15 to 25 cents back per year.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth
Sales YoY
+13.6%
Fast-growing sales (+13.6% YoY)
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
5/8 quarters
Mixed — about half the quarters showed growth

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash
Cash Conversion
56%
Weak — only 56% of profit becomes cash
Spare cash per sale
FCF Margin
20.7%
Converts sales into free cash efficiently (20.7%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns
Debt / Equity
1.63
Elevated debt (1.63)
Covers its interest
Interest Cover
1.38x
Dangerous — barely covers interest (1.4x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit
P/E Ratio (TTM)
0.6x
no trend
Attractive valuation — P/E 0.6

P/E under 10. The price tag is small relative to last year's profit.

Cheaper or dearer next year
P/E vs Forward
-1.2
SLOWING
Earnings expected to fall — forward P/E higher than today

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Not applicable for this business.
🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.
Start free trial