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Berkley Renewables

CNSX:BKS
Snowflake Description

Mediocre balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BKS
CNSX
CA$416K
Market Cap
  1. Home
  2. CA
  3. Commercial Services
Company description

Berkley Renewables Inc. engages in the operation and management of photovoltaic power generation projects in Canada. The last earnings update was 172 days ago. More info.


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BKS Share Price and Events
7 Day Returns
0%
CNSX:BKS
-0.8%
CA Professional Services
-1.7%
CA Market
1 Year Returns
-60%
CNSX:BKS
49%
CA Professional Services
-2.4%
CA Market
BKS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Berkley Renewables (BKS) 0% 0% - -60% -50% -
CA Professional Services -0.8% 7.4% 21.3% 49% 41.1% 91%
CA Market -1.7% -3.5% -0.2% -2.4% 10.4% 3.7%
1 Year Return vs Industry and Market
  • BKS underperformed the Professional Services industry which returned 49% over the past year.
  • BKS underperformed the Market in Canada which returned -2.4% over the past year.
Price Volatility
BKS
Industry
5yr Volatility vs Market

Value

 Is Berkley Renewables undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Berkley Renewables to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Berkley Renewables.

CNSX:BKS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 6.7%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for CNSX:BKS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Professional Services Unlevered Beta Simply Wall St/ S&P Global 0.42
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.417 (1 + (1- 26.5%) (20.77%))
0.652
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (0.8 * 5.96%)
6.72%

Discounted Cash Flow Calculation for CNSX:BKS using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Berkley Renewables is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

CNSX:BKS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 6.72%)
2019 0.05 Est @ 95.31% 0.04
2020 0.08 Est @ 67.3% 0.07
2021 0.11 Est @ 47.69% 0.09
2022 0.15 Est @ 33.97% 0.11
2023 0.19 Est @ 24.36% 0.13
2024 0.22 Est @ 17.64% 0.15
2025 0.25 Est @ 12.93% 0.16
2026 0.27 Est @ 9.64% 0.16
2027 0.29 Est @ 7.33% 0.16
2028 0.31 Est @ 5.71% 0.16
Present value of next 10 years cash flows CA$1.23
CNSX:BKS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CA$0.31 × (1 + 1.95%) ÷ (6.72% – 1.95%)
CA$6.55
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$6.55 ÷ (1 + 6.72%)10
CA$3.42
CNSX:BKS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$1.23 + CA$3.42
CA$4.65
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$4.65 / 10.41
CA$0.45
CNSX:BKS Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$0.45
Current discount Discount to share price of CA$0.04
= -1 x (CA$0.04 - CA$0.45) / CA$0.45
91%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Berkley Renewables is available for.
Intrinsic value
>50%
Share price is CA$0.04 vs Future cash flow value of CA$0.44684
Current Discount Checks
For Berkley Renewables to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Berkley Renewables's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Berkley Renewables's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Berkley Renewables's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Berkley Renewables's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
CNSX:BKS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in CAD CA$-0.06
CNSX:BKS Share Price ** CNSX (2019-05-07) in CAD CA$0.04
Canada Professional Services Industry PE Ratio Median Figure of 5 Publicly-Listed Professional Services Companies 20.41x
Canada Market PE Ratio Median Figure of 544 Publicly-Listed Companies 14.69x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Berkley Renewables.

CNSX:BKS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= CNSX:BKS Share Price ÷ EPS (both in CAD)

= 0.04 ÷ -0.06

-0.7x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Berkley Renewables is loss making, we can't compare its value to the CA Professional Services industry average.
  • Berkley Renewables is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Berkley Renewables's expected growth come at a high price?
Raw Data
CNSX:BKS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.7x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
North America Professional Services Industry PEG Ratio Median Figure of 35 Publicly-Listed Professional Services Companies 1.69x
Canada Market PEG Ratio Median Figure of 250 Publicly-Listed Companies 1.14x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Berkley Renewables, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Berkley Renewables's assets?
Raw Data
CNSX:BKS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in CAD CA$-0.15
CNSX:BKS Share Price * CNSX (2019-05-07) in CAD CA$0.04
Canada Professional Services Industry PB Ratio Median Figure of 9 Publicly-Listed Professional Services Companies 3.2x
Canada Market PB Ratio Median Figure of 2,405 Publicly-Listed Companies 1.41x
CNSX:BKS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= CNSX:BKS Share Price ÷ Book Value per Share (both in CAD)

= 0.04 ÷ -0.15

-0.27x

* Primary Listing of Berkley Renewables.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Berkley Renewables has negative assets, we can't compare the value of its assets to the CA Professional Services industry average.
X
Value checks
We assess Berkley Renewables's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Professional Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Professional Services industry average (and greater than 0)? (1 check)
  5. Berkley Renewables has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Berkley Renewables expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Berkley Renewables has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
50%
Expected Professional Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Berkley Renewables expected to grow at an attractive rate?
  • Unable to compare Berkley Renewables's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Berkley Renewables's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Berkley Renewables's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
CNSX:BKS Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Professional Services Industry Earnings Growth Rate Market Cap Weighted Average 50%
Canada Professional Services Industry Revenue Growth Rate Market Cap Weighted Average 4.5%
Canada Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
CNSX:BKS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
CNSX:BKS Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-09-30 2 0 -1
2018-06-30 2 1 -1
2018-03-31 2 0 -1
2017-12-31 2 0 -1
2017-09-30 1 0 0
2017-06-30 1 0 0
2017-03-31 1 0 0
2016-12-31 1 0 0
2016-09-30 0 -2 -1
2016-06-30 0 -1 -1
2016-03-31 1 -1 -1
2015-12-31 1 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Berkley Renewables is high growth as no earnings estimate data is available.
  • Unable to determine if Berkley Renewables is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
CNSX:BKS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Berkley Renewables Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:BKS Past Financials Data
Date (Data in CAD Millions) EPS *
2018-09-30 -0.06
2018-06-30 -0.06
2018-03-31 -0.07
2017-12-31 -0.06
2017-09-30 0.04
2017-06-30 0.03
2017-03-31 0.02
2016-12-31 0.02
2016-09-30 -0.12
2016-06-30 -0.07
2016-03-31 -0.05
2015-12-31 -0.04

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Berkley Renewables will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of BKS’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Berkley Renewables's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Commercial Services companies here
  3. Berkley Renewables's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Berkley Renewables's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Berkley Renewables has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Berkley Renewables performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Berkley Renewables's growth in the last year to its industry (Professional Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Berkley Renewables does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Berkley Renewables's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Berkley Renewables's 1-year growth to the CA Professional Services industry average as it is not currently profitable.
Earnings and Revenue History
Berkley Renewables's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Berkley Renewables Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:BKS Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 2.13 -0.62 3.30
2018-06-30 1.98 -0.67 3.20
2018-03-31 1.85 -0.66 3.09
2017-12-31 1.72 -0.63 2.92
2017-09-30 1.35 0.37 1.16
2017-06-30 1.25 0.29 1.15
2017-03-31 1.14 0.27 1.07
2016-12-31 1.03 0.17 1.05
2016-09-30 0.01 -1.47 1.41
2016-06-30 0.48 -0.76 1.22
2016-03-31 0.79 -0.53 1.16
2015-12-31 0.78 -0.46 1.10
2015-09-30 1.81 0.13 0.77
2015-06-30 1.33 -0.38 0.81
2015-03-31 1.04 -0.50 0.78
2014-12-31 1.04 -0.50 0.77
2014-09-30 0.79 -0.42 0.52
2014-06-30 0.79 -0.45 0.54
2014-03-31 0.80 -0.40 0.55
2013-12-31 0.79 -0.48 0.65
2013-09-30 0.03 -0.31 0.58
2013-06-30 0.03 -0.56 0.80
2013-03-31 0.03 -0.80 0.98
2012-12-31 0.04 -0.61 0.87
2012-09-30 0.05 -0.51 1.14
2012-06-30 0.05 -0.53 0.98

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Berkley Renewables has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if Berkley Renewables has efficiently used its assets last year compared to the CA Professional Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Berkley Renewables improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.
X
Past performance checks
We assess Berkley Renewables's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Professional Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Berkley Renewables has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Berkley Renewables's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Berkley Renewables's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Berkley Renewables's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Berkley Renewables's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Berkley Renewables's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Berkley Renewables has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Berkley Renewables Company Filings, last reported 7 months ago.

CNSX:BKS Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 -1.80 0.09 0.27
2018-06-30 -1.69 5.79 0.16
2018-03-31 -1.52 5.77 0.23
2017-12-31 -1.33 5.42 0.66
2017-09-30 -1.00 4.03 0.43
2017-06-30 -0.79 3.48 0.40
2017-03-31 -0.63 3.60 0.52
2016-12-31 -0.49 3.50 0.58
2016-09-30 -1.33 1.74 0.08
2016-06-30 -1.03 1.18 0.12
2016-03-31 -0.75 1.00 0.15
2015-12-31 -0.47 1.15 0.21
2015-09-30 0.52 0.60 0.49
2015-06-30 0.13 1.08 0.04
2015-03-31 0.13 0.05 0.16
2014-12-31 0.11 1.10 0.33
2014-09-30 0.40 0.33 0.05
2014-06-30 0.67 0.24 0.07
2014-03-31 0.82 0.14 0.05
2013-12-31 0.78 0.00 0.15
2013-09-30 0.69 0.00 0.03
2013-06-30 0.81 0.05 0.08
2013-03-31 1.11 0.00 0.13
2012-12-31 1.50 0.08 0.47
2012-09-30 2.21 0.00 0.66
2012-06-30 2.68 0.00 0.42
  • Berkley Renewables has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Berkley Renewables's debt level has increased considering it has negative shareholder equity.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Berkley Renewables has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Berkley Renewables has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -33.5% per year.
X
Financial health checks
We assess Berkley Renewables's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Berkley Renewables has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Berkley Renewables's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Berkley Renewables dividends.
If you bought CA$2,000 of Berkley Renewables shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Berkley Renewables's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Berkley Renewables's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
CNSX:BKS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
North America Professional Services Industry Average Dividend Yield Market Cap Weighted Average of 25 Stocks 1.8%
Canada Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.6%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
Canada Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Berkley Renewables has not reported any payouts.
  • Unable to verify if Berkley Renewables's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Berkley Renewables's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Berkley Renewables has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Berkley Renewables's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Berkley Renewables afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Berkley Renewables has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Berkley Renewables's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Matt Wayrynen
COMPENSATION CA$397,175
AGE 56
CEO Bio

Mr. Matthew J. Wayrynen, also known as Matt, serves as the Chairman, Chief Executive Officer and Chief Operating Officer at Solar Flow-Through L.P. He has been Chief Executive Officer, President and Director of WestKam Gold Corp. since January 25, 2018. Mr. Wayrynen has been the Chief Executive Officer and President of Berkley Renewables Inc. since June 2002 and July 2008 respectively. He has been Chief Executive Officer and President of Encore Renaissance Resources Corp. since October 3, 2011. He serves as Executive Chairman of WestKam Gold Corp. and has been its Chief Executive Officer and President since October 3, 2011. He served as Chief Executive Officer and Chief Financial Officer of Blue Star Global, Inc. since July 20, 2010 until August 5, 2016. He served as Vice President of Operations at Bralorne Gold Mines Ltd. since October 10, 2002. He served as President and Chief Executive Officer of Bralorne Gold Mines Ltd. He Founded Newcastle Resources Ltd and served as its Vice President of Corporate Development. He served as Vice President of Corporate Communications at Levon Resources Ltd. He served as Vice President of Coral Gold Resources Ltd. since July 2006. Mr. Wayrynen served as the Chief Executive Officer and President of Cresval Capital Corp. He is an original co-Founder and former President and Chief Executive Officer of TrichoScience Innovations Inc., which was acquired by Replicel Life Sciences Inc. He founded RepliCel Life Sciences Inc. and served as its Vice President of Corporate Development. He served as the Chief Executive Officer, President, Chief Financial Officer, Principal Accounting Officer and Treasurer of NationsMark Nexgen until September 10, 2008. He served as the President of NationsMark Nexgen from June 2002 to July 2006. He has extensive experience in resource company management, venture capital, startup financing and mergers and acquisitions. He served as the Chief Financial Officer of Quinto Mining Corporation until August 2007 and served as its Vice President of Operations. He served as the Chief Executive Officer, President and Principal Financial Officer of Coral Gold Resources Ltd. From March 1996 to June 2002, he served as an Investment Advisor at Golden Capital Securities Ltd. from March 1996 to June 2002. He served as the Chief Financial Officer of Berkley Renewables Inc., until June 9, 2008. He served as the President of Coral Gold Corp. until July 11, 2006. He served as an Executive Officer at Avino Silver & Gold Mines Ltd. Mr. Wayrynen served as the Chairman of Jayhawk Energy, Inc. until April 9, 2013. He has been an Executive Chairman of Berkley Renewables Inc., since November 17, 2005 and served its Co-Chairman until July 2008. He has been a Director of Golden Odyssey Mining Inc. since July 2009. He has been a Director of Berkley Renewables Inc., since June 20, 2002. He has been Director of WestKam Gold Corp. since January 16, 2012. He has been a Director of Mammoth Capital Corporation since March 2009. He has been Director at Deer Horn Capital Inc. since July 13, 2009. He served as Director of Blue Star Global, Inc. since July 20, 2010 until August 5, 2016. He served as a Director of MX Gold Corp. from August 17, 2012 to March 10, 2014 and Newcastle Resources Ltd. and RepliCel Life Sciences Inc. from December 22, 2010 to May 27, 2011. He served as an Executive Director of Quinto Mining Corporation since August 22, 2002. Mr. Wayrynen served as an Independent Director of Jayhawk Energy, Inc. from April 30, 2008 to October 1, 2015. He served as a Director of Bralorne Gold Mines Ltd. since October 10, 2002. He served as a Director of Coral Gold Resources Ltd. since June 2002. He served as a Director at NationsMark Nexgen from June 2002 to July 2006 and again from February 5, 2007 to September 10, 2008. Mr. Wayrynen serves as a Director at Cresval Capital Corp.. He was a Registered Representative from 1993 to March 2002. Currently, he is also a Director of several publicly-listed resource companies.

CEO Compensation
  • Matt's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Matt's remuneration is higher than average for companies of similar size in Canada.
Management Team

Matt Wayrynen

TITLE
Executive Chairman
COMPENSATION
CA$397K
AGE
56

Pam Saulnier

TITLE
Chief Financial Officer
COMPENSATION
CA$120K
AGE
46
TENURE
10.2 yrs

Lloyd Andrews

TITLE
Founder and Chairman Emeritus
COMPENSATION
CA$2K
Board of Directors Tenure

Average tenure and age of the Berkley Renewables board of directors in years:

14.5
Average Tenure
57
Average Age
  • The average tenure for the Berkley Renewables board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Matt Wayrynen

TITLE
Executive Chairman
COMPENSATION
CA$397K
AGE
56
TENURE
13.5 yrs

Lloyd Andrews

TITLE
Founder and Chairman Emeritus
COMPENSATION
CA$2K
TENURE
10.8 yrs

Edward Lawson

TITLE
Member of the Advisory Committee
AGE
86
TENURE
14.5 yrs

Dennis Goruk

TITLE
Member of the Advisory Committee
TENURE
14.5 yrs

Kjeld Werbes

TITLE
Member of the Advisory Committee
TENURE
14.5 yrs

Lindsay Gorrill

TITLE
Director
AGE
56
TENURE
14.8 yrs

Tyrone Docherty

TITLE
Independent Director
COMPENSATION
CA$1,000
AGE
58
TENURE
12.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
23. Jul 18 Buy Matthew Wayrynen Individual 19. Jul 18 19. Jul 18 40,000 CA$0.05 CA$2,000
X
Management checks
We assess Berkley Renewables's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Berkley Renewables has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Who Are The Major Shareholders In Berkley Renewables Inc (CNSX:BKS)?

In this article, I'm going to take a look at Berkley Renewables Inc’s (CNSX:BKS) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … Ownership structure of a company has been found to affect share performance over time. … View our latest analysis for Berkley Renewables

Simply Wall St -

Company Info

Description

Berkley Renewables Inc. engages in the operation and management of photovoltaic power generation projects in Canada. The company also provides consulting services relating to the financing, strategy, and operations management to companies in the renewable energy industry, specifically photovoltaic power generation. The company was formerly known as Berkley Resources Inc. and changed its name to Berkley Renewables Inc. in April 2012. Berkley Renewables Inc. is headquartered in Vancouver, Canada.

Details
Name: Berkley Renewables Inc.
BKS
Exchange: CNSX
Founded:
CA$416,458
10,411,451
Website: http://www.berkleyrenewables.com
Address: Berkley Renewables Inc.
570 Granville Street,
Suite 900,
Vancouver,
British Columbia, V6C 3P1,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
CNSX BKS Class A Common Shares Canadian National Stock Exchange CA CAD 02. Sep 1988
Number of employees
Current staff
Staff numbers
0
Berkley Renewables employees.
Industry
Research and Consulting Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/25 00:38
End of day share price update: 2019/05/07 00:00
Last earnings filing: 2018/12/04
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.