Deep Value: cash covers about 97% of the stock price

This company holds roughly $3M in cash and investments — about 97% of 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.

UK Oil & Gas

UKOG.L

Oil & Gas Exploration & Production · Energy

Exchange

London Stock Exchange

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Data as of Aug 23, 2026 · filings through Mar 31, 2026

How the score breaks down

Quality

Weak

Growth

Mixed

Cash Flow

Weak

Stability

Weak

Valuation

Data not available

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Winston Score History

The full picture

UK Oil & Gas PLC is a small British energy company that explores for oil and natural gas underground. It focuses on finding and developing hydrocarbon resources in the United Kingdom, most notably through its involvement in the Horse Hill oil discovery in the Weald Basin in southern England. The company sells any produced oil to energy buyers and refiners.

The company earns revenue by producing and selling crude oil, though its output remains very limited and it has historically spent far more money than it brings in — as shown by its deeply negative operating margin. It operates entirely within the UK and is a micro-cap company with a market value near zero, meaning it carries significant financial risk. The main challenge facing UK Oil & Gas is scaling up production enough to become profitable, while also navigating tightening UK regulations around onshore oil drilling and growing political pressure to reduce fossil fuel development.

Growth Profile

For growth stock investors

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

Revenue Growth

-60.8% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+100.0% YoY

YoY Growth Rate

EPS growth accelerating

Insider Activity

18.5%ownership

Insiders own a meaningful stake in the company

Cash Runway

~2 months

£2M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Short runway — potential dilution ahead through share issuance

Cash watch

UK Oil & Gas has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

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

3.3%

Thin — 3.3% gross margin

Profit after running costs

Operating Margin

-970.7%

Losing money on operations — -970.7%

Return on the money invested

ROCE

-78.1%

Weak — -78.1% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth

Sales YoY

N/A

Data not available

Profit growth

EPS YoY

N/A

—

Data not available

How steady the profit is

EPS Consistency

7/8 quarters

Every recent quarter grew earnings vs last year

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

—

Data not available

Spare cash per sale

FCF Margin

-1318.7%

Burning cash (-1318.7%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns

Debt / Equity

9.59

Heavy debt load (9.59)

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

no trend

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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