Canacol Energy Future Growth

Future criteria checks 3/6

Canacol Energy's revenue is forecast to decline at 9.6% per annum while its annual earnings are expected to grow at 59.4% per year. EPS is expected to grow by 59.8% per annum. Return on equity is forecast to be 16.7% in 3 years.

Key information

59.4%

Earnings growth rate

59.8%

EPS growth rate

Oil and Gas earnings growth	4.8%
Revenue growth rate	-9.6%
Future return on equity	16.7%
Analyst coverage	Low
Last updated	08 Dec 2024

Recent future growth updates

Recent updates

Slowing Rates Of Return At Canacol Energy (TSE:CNE) Leave Little Room For Excitement

Dec 20

Improved Revenues Required Before Canacol Energy Ltd (TSE:CNE) Stock's 28% Jump Looks Justified

Nov 22

Is Canacol Energy (TSE:CNE) Using Too Much Debt?

Nov 08

Revenues Working Against Canacol Energy Ltd's (TSE:CNE) Share Price Following 26% Dive

Sep 12

There Is A Reason Canacol Energy Ltd's (TSE:CNE) Price Is Undemanding

Jul 13

Weak Statutory Earnings May Not Tell The Whole Story For Canacol Energy (TSE:CNE)

Mar 28

Canacol Energy (TSE:CNE) Might Have The Makings Of A Multi-Bagger

Mar 23

Investors Don't See Light At End Of Canacol Energy Ltd's (TSE:CNE) Tunnel And Push Stock Down 27%

Feb 15

Earnings and Revenue Growth Forecasts

TSX:CNE - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	282	78	59	174	1
12/31/2025	327	81	82	191	2
12/31/2024	359	13	69	198	1
9/30/2024	355	23	-18	148	N/A
6/30/2024	340	12	7	193	N/A
3/31/2024	323	73	-85	119	N/A
12/31/2023	316	86	-120	95	N/A
9/30/2023	312	190	-71	123	N/A
6/30/2023	320	186	-77	119	N/A
3/31/2023	329	140	-8	178	N/A
12/31/2022	336	147	19	185	N/A
9/30/2022	341	21	27	164	N/A
6/30/2022	335	34	44	159	N/A
3/31/2022	318	43	26	124	N/A
12/31/2021	311	15	25	124	N/A
9/30/2021	298	9	18	121	N/A
6/30/2021	280	3	8	114	N/A
3/31/2021	272	18	58	152	N/A
12/31/2020	279	-5	67	152	N/A
9/30/2020	285	20	85	161	N/A
6/30/2020	284	18	68	148	N/A
3/31/2020	273	2	24	119	N/A
12/31/2019	242	34	3	106	N/A
9/30/2019	219	-7	-35	90	N/A
6/30/2019	214	4	-26	89	N/A
3/31/2019	222	-24	-13	99	N/A
12/31/2018	222	-22	-17	94	N/A
9/30/2018	210	-156	-4	100	N/A
6/30/2018	189	-170	N/A	76	N/A
3/31/2018	169	-132	N/A	68	N/A
12/31/2017	159	-148	N/A	65	N/A
9/30/2017	159	23	N/A	71	N/A
6/30/2017	165	16	N/A	81	N/A
3/31/2017	167	15	N/A	84	N/A
12/31/2016	148	24	N/A	74	N/A
9/30/2016	123	-81	N/A	48	N/A
6/30/2016	101	-92	N/A	40	N/A
3/31/2016	89	-162	N/A	16	N/A
12/31/2015	93	-178	N/A	6	N/A
9/30/2015	112	-139	N/A	33	N/A
6/30/2015	149	-106	N/A	64	N/A
3/31/2015	183	-50	N/A	84	N/A
12/31/2014	213	-14	N/A	99	N/A
9/30/2014	218	21	N/A	104	N/A
6/30/2014	208	10	N/A	78	N/A
3/31/2014	185	-107	N/A	91	N/A
12/31/2013	164	-130	N/A	69	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: CNE's forecast earnings growth (59.4% per year) is above the savings rate (2.3%).

Earnings vs Market: CNE's earnings (59.4% per year) are forecast to grow faster than the Canadian market (15.3% per year).

High Growth Earnings: CNE's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CNE's revenue is expected to decline over the next 3 years (-9.6% per year).

High Growth Revenue: CNE's revenue is forecast to decline over the next 3 years (-9.6% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: CNE's Return on Equity is forecast to be low in 3 years time (16.7%).

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/20 07:14
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Canacol Energy Ltd is covered by 28 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Randy Ollenberger	BMO Capital Markets Equity Research
Daniel Guardiola	BTG Pactual
Natalia Agudelo	BTG Pactual Chile S.A. Corredores de Bolsa

Canacol Energy Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Consensus EPS estimates upgraded to US$0.13 loss

Price target decreased by 7.3% to CA$5.66

Consensus EPS estimates increase by 18%

Consensus EPS estimates increase by 29%

Price target decreased by 10% to CA$6.11

Price target decreased by 12% to CA$7.74

Recent updates

Canacol Energy Ltd. Provides Drilling Update

Slowing Rates Of Return At Canacol Energy (TSE:CNE) Leave Little Room For Excitement

Canacol Energy Ltd. Provides Drilling Update

Improved Revenues Required Before Canacol Energy Ltd (TSE:CNE) Stock's 28% Jump Looks Justified

Investor sentiment improves as stock rises 32%

Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Is Canacol Energy (TSE:CNE) Using Too Much Debt?

Canacol Energy Ltd to Report Q3, 2024 Results on Nov 07, 2024

Consensus EPS estimates upgraded to US$0.13 loss

Revenues Working Against Canacol Energy Ltd's (TSE:CNE) Share Price Following 26% Dive

New minor risk - Market cap size

Price target decreased by 7.3% to CA$5.66

Second quarter 2024 earnings released: US$0.62 loss per share (vs US$1.17 profit in 2Q 2023)

Canacol Energy Ltd to Report Q2, 2024 Results on Aug 08, 2024

There Is A Reason Canacol Energy Ltd's (TSE:CNE) Price Is Undemanding

Canacol Energy Ltd Appoints Silvestre Tovar Leopardi to the Board of Directors

Consensus EPS estimates increase by 18%

First quarter 2024 earnings released: EPS: US$0.11 (vs US$0.49 in 1Q 2023)

New major risk - Revenue and earnings growth

Consensus EPS estimates increase by 29%

Canacol Energy Ltd to Report Q1, 2024 Results on May 09, 2024

Canacol Energy Ltd, Annual General Meeting, Jun 27, 2024

Canacol Energy Ltd. Announces New Gas Discovery At Chontaduro 1

Price target decreased by 10% to CA$6.11

Weak Statutory Earnings May Not Tell The Whole Story For Canacol Energy (TSE:CNE)

Canacol Energy Ltd. Announces New Gas Discovery at Pomelo 1

Canacol Energy (TSE:CNE) Might Have The Makings Of A Multi-Bagger

New major risk - Financial position

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Canacol Energy Ltd to Report Q4, 2023 Results on Mar 21, 2024

Investors Don't See Light At End Of Canacol Energy Ltd's (TSE:CNE) Tunnel And Push Stock Down 27%

Price target decreased by 12% to CA$7.74

Canacol Energy Ltd Provides Production Guidance for the Year 2024

Canacol Energy Ltd. Provides Drilling Update

Calculating The Intrinsic Value Of Canacol Energy Ltd (TSE:CNE)

Canacol Energy Ltd Provides Production Guidance for the Month of December 2023

Consensus EPS estimates fall by 17%

Canacol Energy Ltd. Provides Gas Sales and Drilling Update

Canacol Energy Ltd to Report Q3, 2023 Results on Nov 09, 2023

Consensus EPS estimates increase by 15%

Insufficient new directors

Canacol Energy Ltd Announces Board Changes

Canacol Energy Ltd Announces Board Changes

New major risk - Shareholder dilution

Consensus EPS estimates fall by 24%

Price target decreased by 16% to CA$18.80

Canacol Energy Ltd. Provides Drilling Update

Now 21% undervalued after recent price drop

Upcoming dividend of CA$0.26 per share at 9.1% yield

Canacol Energy Ltd. Declares Dividend, Payable on October 16, 2023

Canacol Energy Ltd Provides Drilling Update

New major risk - Revenue and earnings growth

Second quarter 2023 earnings released: EPS: US$1.17 (vs US$0.19 loss in 2Q 2022)

Canacol Energy Ltd. Provides Drilling Update

Canacol Energy Ltd to Report Q2, 2023 Results on Aug 10, 2023

Canacol Energy Ltd. Provides Gas Sales and Drilling Update

Canacol Energy Ltd. Declares Dividend, Payable on July 17, 2023

Canacol Energy Ltd. Encounters 230 Feet of Net Gas Pay in Lulo 2 Well

Canacol Energy Ltd. Provides Information Concerning New Lulo 1 Gas Discovery and Near Term Drilling Plans

First quarter 2023 earnings released: EPS: US$0.49 (vs US$0.71 in 1Q 2022)

Canacol Energy Ltd to Report Q1, 2023 Results on May 11, 2023

Insufficient new directors

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Upcoming dividend of CA$0.26 per share at 9.5% yield

Consensus EPS estimates increase by 23%

Consensus EPS estimates fall by 12%

Canacol Energy Ltd Announces Discoveries At Dividivi 1, Saxofon 1, and Chimela 1

Investor sentiment improved over the past week

Canacol Energy (TSE:CNE) Is Looking To Continue Growing Its Returns On Capital