공시 • Sep 17
Element Technical Services Inc. entered into an agreement to acquire Essential Energy Services Ltd. (TSX:ESN) for CAD 60.5 million. Element Technical Services Inc. entered into an agreement to acquire Essential Energy Services Ltd. (TSX:ESN) for CAD 60.5 million on September 15, 2023. As part of consideration, Element Technical will pay CAD 0.40 in cash for each Essential Energy Services share. Upon closing of the transaction, Essential shares will be de-listed from the TSX. The transaction is subject to approval of Essential shareholders and the approval of the TSX and certain regulatory and other approvals customary in transactions of this nature. Essential's board of directors has unanimously approved the transaction and recommended that Essential shareholders vote in favor of the merger.
Fasken Martineau DuMoulin acted as legal advisor and Peters & Co. Limited acted as financial and fairness opinion provider to Essential Energy Services. Reported Earnings • Aug 06
Second quarter 2023 earnings released: CA$0.04 loss per share (vs CA$0.011 loss in 2Q 2022) Second quarter 2023 results: CA$0.04 loss per share (further deteriorated from CA$0.011 loss in 2Q 2022). Revenue: CA$28.6m (flat on 2Q 2022). Net loss: CA$4.83m (loss widened 206% from 2Q 2022). Revenue is forecast to grow 5.8% p.a. on average during the next 2 years, compared to a 3.4% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 49% per year, which means it is significantly lagging earnings growth. 공시 • Jul 22
Essential Energy Services Ltd. to Report Q2, 2023 Results on Aug 03, 2023 Essential Energy Services Ltd. announced that they will report Q2, 2023 results at 4:00 PM, US Eastern Standard Time on Aug 03, 2023 Reported Earnings • May 07
First quarter 2023 earnings released: EPS: CA$0.02 (vs CA$0.028 loss in 1Q 2022) First quarter 2023 results: EPS: CA$0.02 (up from CA$0.028 loss in 1Q 2022). Revenue: CA$45.9m (up 22% from 1Q 2022). Net income: CA$2.04m (up CA$5.96m from 1Q 2022). Profit margin: 4.4% (up from net loss in 1Q 2022). Revenue is forecast to grow 4.4% p.a. on average during the next 2 years, compared to a 3.0% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 05
Full year 2022 earnings released: CA$0.01 loss per share (vs CA$0.08 loss in FY 2021) Full year 2022 results: CA$0.01 loss per share (improved from CA$0.08 loss in FY 2021). Revenue: CA$150.1m (up 24% from FY 2021). Net loss: CA$1.76m (loss narrowed 85% from FY 2021). Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 16% per year. 공시 • Feb 08
Essential Energy Services Ltd. to Report Q4, 2022 Results on Mar 03, 2023 Essential Energy Services Ltd. announced that they will report Q4, 2022 results on Mar 03, 2023 Reported Earnings • Nov 04
Third quarter 2022 earnings released: EPS: CA$0.04 (vs CA$0.005 in 3Q 2021) Third quarter 2022 results: EPS: CA$0.04 (up from CA$0.005 in 3Q 2021). Revenue: CA$43.4m (up 29% from 3Q 2021). Net income: CA$5.23m (up CA$4.54m from 3Q 2021). Profit margin: 12% (up from 2.0% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 6.9% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Recent Insider Transactions • Aug 21
Independent Chairman recently bought €84k worth of stock On the 16th of August, James Banister bought around 306k shares on-market at roughly €0.27 per share. This was the largest purchase by an insider in the last 3 months. This was James' only on-market trade for the last 12 months. Reported Earnings • Aug 05
Second quarter 2022 earnings released: CA$0.011 loss per share (vs CA$0.035 loss in 2Q 2021) Second quarter 2022 results: CA$0.011 loss per share (up from CA$0.035 loss in 2Q 2021). Revenue: CA$28.6m (up 28% from 2Q 2021). Net loss: CA$1.58m (loss narrowed 69% from 2Q 2021). Over the next year, revenue is forecast to grow 25%, compared to a 18% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Reported Earnings • May 14
First quarter 2022 earnings released: CA$0.03 loss per share (vs CA$0.018 loss in 1Q 2021) First quarter 2022 results: CA$0.03 loss per share (down from CA$0.018 loss in 1Q 2021). Revenue: CA$37.7m (up 25% from 1Q 2021). Net loss: CA$3.92m (loss widened 51% from 1Q 2021). Over the next year, revenue is forecast to grow 24%, compared to a 18% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Buying Opportunity • Apr 21
Now 27% undervalued Over the last 90 days, the stock is up 17%. The fair value is estimated to be €0.46, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 23% over the last 3 years. Earnings per share has declined by 12%. Reported Earnings • Mar 11
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: CA$0.08 loss per share (up from CA$0.12 loss in FY 2020). Revenue: CA$121.2m (up 26% from FY 2020). Net loss: CA$11.4m (loss narrowed 32% from FY 2020). Revenue exceeded analyst estimates by 3.6%. Over the next year, revenue is forecast to grow 30%, compared to a 21% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Board Change • Dec 31
High number of new directors Director Felicia Bortolussi was the last director to join the board, commencing their role in 2021. Reported Earnings • Nov 05
Third quarter 2021 earnings released: EPS CA$0.005 (vs CA$0.011 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CA$33.5m (up 74% from 3Q 2020). Net income: CA$684.0k (up CA$2.21m from 3Q 2020). Profit margin: 2.0% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • Aug 08
Second quarter 2021 earnings released: CA$0.04 loss per share (vs CA$0.043 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: CA$22.4m (up 105% from 2Q 2020). Net loss: CA$5.02m (loss narrowed 17% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Reported Earnings • May 06
First quarter 2021 earnings released: CA$0.02 loss per share (vs CA$0.035 loss in 1Q 2020) The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: CA$30.2m (down 27% from 1Q 2020). Net loss: CA$2.59m (loss narrowed 48% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Mar 10
New 90-day high: €0.23 The company is up 83% from its price of €0.13 on 10 December 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.45 per share. Reported Earnings • Mar 07
Full year 2020 earnings released: CA$0.12 loss per share (vs CA$0.011 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: CA$96.2m (down 32% from FY 2019). Net loss: CA$16.8m (loss widened CA$15.3m from FY 2019). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Mar 07
Revenue beats expectations Revenue exceeded analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 27% while theEnergy Services industry in Germany is not expected to grow. Is New 90 Day High Low • Mar 06
New 90-day high: €0.22 The company is up 98% from its price of €0.11 on 04 December 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.34 per share. Is New 90 Day High Low • Feb 04
New 90-day high: €0.21 The company is up 170% from its price of €0.077 on 06 November 2020. The German market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 31% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.42 per share. Reported Earnings • Nov 11
Third quarter 2020 earnings released: CA$0.01 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: CA$19.2m (down 51% from 3Q 2019). Net loss: CA$1.53m (down 198% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 46% per year whereas the company’s share price has fallen by 44% per year. Analyst Estimate Surprise Post Earnings • Nov 11
Revenue beats expectations Revenue exceeded analyst estimates by 28%. Over the next year, revenue is forecast to stay flat compared to a 9.5% decline forecast for the Energy Services industry in Germany.