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EnerCare

TSX:ECI
Snowflake Description

Moderate growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ECI
TSX
CA$3B
Market Cap
  1. Home
  2. CA
  3. Consumer Services
Company description

Enercare Inc., through its subsidiaries, provides home and commercial services, and energy solutions in Canada and the United States. The last earnings update was 62 days ago. More info.


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  • EnerCare has significant price volatility in the past 3 months.
ECI Share Price and Events
Price Volatility
ECI
Industry
5yr Volatility vs Market

Value

 Is EnerCare 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 EnerCare 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 EnerCare.

TSX:ECI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.8%
Perpetual Growth Rate 10-Year CA Government Bond Rate 2.3%

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 TSX:ECI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 7.7%
Consumer Services Unlevered Beta Simply Wall St/ S&P Global 0.98
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.978 (1 + (1- 26.5%) (35.5%))
1.234
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.23
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.34% + (1.234 * 7.66%)
11.79%

Discounted Cash Flow Calculation for TSX:ECI using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for EnerCare is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

TSX:ECI DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (CAD, Millions) 187.00 222.53 262.59 307.22 356.38
Source Analyst x1 Est @ 19%, capped from 34.71% Est @ 18%, capped from 34.71% Est @ 17%, capped from 34.71% Est @ 16%, capped from 34.71%
Present Value
Discounted (@ 11.79%)
167.28 178.07 187.96 196.72 204.13
Present value of next 5 years cash flows CA$934.17
TSX:ECI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= CA$356.38 × (1 + 2.34%) ÷ (11.79% – 2.34%)
CA$3,859.83
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= CA$3,859.83 ÷ (1 + 11.79%)5
CA$2,210.91
TSX:ECI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= CA$934.17 + CA$2,210.91
CA$3,145.08
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$3,145.08 / 107.54
CA$29.25
TSX:ECI Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$29.25
Current discount Discount to share price of CA$28.97
= -1 x (CA$28.97 - CA$29.25) / CA$29.25
0.9%

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

Current Discount
Amount off the current price EnerCare is available for.
Intrinsic value
1%
Share price is CA$28.97 vs Future cash flow value of CA$29.25
Current Discount Checks
For EnerCare to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • EnerCare's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • EnerCare's share price is below the future cash flow value, but not 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 EnerCare's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are EnerCare's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:ECI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in CAD CA$0.65
TSX:ECI Share Price ** TSX (2018-10-15) in CAD CA$28.97
North America Consumer Services Industry PE Ratio Median Figure of 34 Publicly-Listed Consumer Services Companies 24.33x
Canada Market PE Ratio Median Figure of 554 Publicly-Listed Companies 15.38x

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

** Primary Listing of EnerCare.

TSX:ECI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:ECI Share Price ÷ EPS (both in CAD)

= 28.97 ÷ 0.65

44.67x

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

  • EnerCare is overvalued based on earnings compared to the North America Consumer Services industry average.
  • EnerCare is overvalued based on earnings compared to the Canada market.
Price based on expected Growth
Does EnerCare's expected growth come at a high price?
Raw Data
TSX:ECI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 44.67x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
23.6%per year
North America Consumer Services Industry PEG Ratio Median Figure of 23 Publicly-Listed Consumer Services Companies 1.11x
Canada Market PEG Ratio Median Figure of 267 Publicly-Listed Companies 1.06x

*Line of best fit is calculated by linear regression .

TSX:ECI PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 44.67x ÷ 23.6%

1.89x

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

  • EnerCare is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on EnerCare's assets?
Raw Data
TSX:ECI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in CAD CA$5.58
TSX:ECI Share Price * TSX (2018-10-15) in CAD CA$28.97
Canada Consumer Services Industry PB Ratio Median Figure of 10 Publicly-Listed Consumer Services Companies 1.85x
Canada Market PB Ratio Median Figure of 2,225 Publicly-Listed Companies 1.6x
TSX:ECI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:ECI Share Price ÷ Book Value per Share (both in CAD)

= 28.97 ÷ 5.58

5.19x

* Primary Listing of EnerCare.

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

  • EnerCare is overvalued based on assets compared to the CA Consumer Services industry average.
X
Value checks
We assess EnerCare'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 Consumer 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 Consumer Services industry average (and greater than 0)? (1 check)
  5. EnerCare has a total score of 0/6, 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 EnerCare expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

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
23.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is EnerCare expected to grow at an attractive rate?
  • EnerCare's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • EnerCare's earnings growth is expected to exceed the Canada market average.
  • EnerCare's revenue growth is positive but not above the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSX:ECI Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:ECI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 23.6%
TSX:ECI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 3%
Canada Consumer Services Industry Earnings Growth Rate Market Cap Weighted Average 38.8%
North America Consumer Services Industry Revenue Growth Rate Market Cap Weighted Average 10.7%
Canada Market Earnings Growth Rate Market Cap Weighted Average 17.9%
Canada Market Revenue Growth Rate Market Cap Weighted Average 7.2%

*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
TSX:ECI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:ECI Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2019-12-31 1,308 259 98 4
2018-12-31 1,237 234 78 4
TSX:ECI Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-06-30 1,311 221 69
2018-03-31 1,287 232 63
2017-12-31 1,257 194 56
2017-09-30 1,187 183 56
2017-06-30 1,177 203 55
2017-03-31 1,101 110 50
2016-12-31 995 165 61
2016-09-30 844 165 57
2016-06-30 673 150 51
2016-03-31 564 206 51
2015-12-31 564 164 51
2015-09-30 548 166 43

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • EnerCare's earnings are expected to grow significantly at over 20% yearly.
  • EnerCare's revenue is expected to grow by 3% yearly, however this is not considered high growth (20% yearly).
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
TSX:ECI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from EnerCare Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:ECI Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2019-12-31 0.91 1.00 0.80 4.00
2018-12-31 0.74 0.78 0.66 4.00
TSX:ECI Past Financials Data
Date (Data in CAD Millions) EPS *
2018-06-30 0.65
2018-03-31 0.60
2017-12-31 0.53
2017-09-30 0.53
2017-06-30 0.53
2017-03-31 0.49
2016-12-31 0.62
2016-09-30 0.61
2016-06-30 0.56
2016-03-31 0.57
2015-12-31 0.56
2015-09-30 0.48

*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 EnerCare will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess EnerCare'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 North America 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.
EnerCare has a total score of 3/6, 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 EnerCare 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 EnerCare's growth in the last year to its industry (Consumer 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.
  • EnerCare has delivered over 20% year on year earnings growth in the past 5 years.
  • EnerCare's 1-year earnings growth is less than its 5-year average (25.7% vs 32.6%)
  • EnerCare's earnings growth has not exceeded the North America Consumer Services industry average in the past year (25.7% vs 28.5%).
Earnings and Revenue History
EnerCare'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 EnerCare Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:ECI Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 1,310.54 69.07 344.87
2018-03-31 1,287.14 63.40 340.82
2017-12-31 1,256.82 55.51 335.64
2017-09-30 1,186.73 55.78 335.26
2017-06-30 1,177.09 54.96 323.99
2017-03-31 1,101.23 49.90 297.99
2016-12-31 995.34 61.13 245.38
2016-09-30 843.81 57.30 204.34
2016-06-30 673.29 51.10 162.94
2016-03-31 564.44 51.25 134.97
2015-12-31 563.62 50.96 135.82
2015-09-30 547.84 42.90 128.67
2015-06-30 482.42 31.91 109.44
2015-03-31 421.49 23.16 87.63
2014-12-31 361.95 22.28 63.51
2014-09-30 311.79 21.40 43.34
2014-06-30 309.33 26.20 43.49
2014-03-31 306.92 26.22 44.06
2013-12-31 298.78 8.82 43.39
2013-09-30 291.28 1.93 43.36
2013-06-30 285.77 -2.85 43.30
2013-03-31 281.48 -13.39 43.78
2012-12-31 275.12 -3.18 43.62
2012-09-30 266.79 -3.34 43.09
2012-06-30 257.62 0.13 41.19
2012-03-31 250.29 4.88 38.90
2011-12-31 243.91 3.98 38.44

*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.
  • EnerCare has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • EnerCare used its assets less efficiently than the North America Consumer Services industry average last year based on Return on Assets.
  • EnerCare has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess EnerCare'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 Consumer 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.
EnerCare has a total score of 2/6, 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 EnerCare'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 EnerCare's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • EnerCare is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • EnerCare's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of EnerCare'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.
  • Debt is not covered by short term assets, assets are 0.2x debt.
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 EnerCare Company Filings, last reported 3 months ago.

TSX:ECI Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 599.24 1,106.48 36.18
2018-03-31 583.90 1,099.40 19.03
2017-12-31 593.01 1,057.08 31.00
2017-09-30 594.93 1,058.47 26.05
2017-06-30 594.30 1,054.99 52.83
2017-03-31 595.02 1,044.93 19.47
2016-12-31 616.46 994.74 38.42
2016-09-30 598.65 984.40 39.33
2016-06-30 602.89 975.46 28.47
2016-03-31 377.76 743.84 17.94
2015-12-31 389.80 743.91 28.41
2015-09-30 452.62 693.88 29.78
2015-06-30 465.88 694.17 36.72
2015-03-31 466.76 694.60 24.46
2014-12-31 477.89 695.24 68.06
2014-09-30 57.21 539.19 21.90
2014-06-30 65.46 539.49 20.11
2014-03-31 68.28 539.92 14.03
2013-12-31 71.30 540.32 25.94
2013-09-30 75.77 541.29 15.10
2013-06-30 78.18 542.10 11.54
2013-03-31 80.04 545.03 8.97
2012-12-31 95.64 529.48 12.63
2012-09-30 106.39 521.34 4.17
2012-06-30 112.33 522.18 3.76
2012-03-31 119.25 587.17 70.99
2011-12-31 123.41 591.56 75.29
  • EnerCare's level of debt (184.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (693.6% vs 184.6% today).
  • Debt is not well covered by operating cash flow (19.9%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.5x coverage).
X
Financial health checks
We assess EnerCare'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. EnerCare 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 EnerCare'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
3.45%
Current annual income from EnerCare dividends. Estimated to be 3.49% next year.
If you bought CA$2,000 of EnerCare shares you are expected to receive CA$69 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?
  • EnerCare's pays a higher dividend yield than the bottom 25% of dividend payers in Canada (1.95%).
  • EnerCare's dividend is below the markets top 25% of dividend payers in Canada (5.97%).
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
TSX:ECI 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 4 Analyst Estimates (S&P Global) See Below
North America Consumer Services Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 2.4%
Canada Market Average Dividend Yield Market Cap Weighted Average of 328 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 6%

Industry and Market average data is calculated daily.

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

TSX:ECI Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2019-12-31 1.03 1.00
2018-12-31 0.99 1.00
TSX:ECI Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2018-10-03 0.998 3.439
2018-09-05 0.998 3.454
2018-08-03 0.998 3.460
2018-06-06 0.998 5.294
2018-05-04 0.998 5.775
2018-03-06 0.960 5.464
2018-02-06 0.960 5.175
2018-01-04 0.960 4.884
2017-12-06 0.960 4.732
2017-11-06 0.960 4.818
2017-10-04 0.960 4.684
2017-09-06 0.960 4.659
2017-08-03 0.960 4.614
2017-07-05 0.960 4.672
2017-06-06 0.960 4.927
2017-05-04 0.960 4.917
2017-04-04 0.960 4.545
2017-03-06 0.924 4.637
2017-02-06 0.924 4.898
2017-01-05 0.924 5.070
2016-12-06 0.924 5.146
2016-10-20 0.924 4.960
2016-09-21 0.924 4.853
2016-08-22 0.924 4.974
2016-07-20 0.924 5.091
2016-06-21 0.924 5.396
2016-05-19 0.924 5.617
2016-04-20 0.840 5.239
2016-03-21 0.840 5.397
2016-02-18 0.840 5.325
2016-01-20 0.840 5.400
2015-12-18 0.840 5.372
2015-10-21 0.840 5.406
2015-09-21 0.840 5.994
2015-08-20 0.840 6.064
2015-07-22 0.840 6.150
2015-06-19 0.840 6.199
2015-05-20 0.840 5.910
2015-04-21 0.840 5.638
2015-03-03 0.840 5.554
2015-02-18 0.725 4.930
2015-01-21 0.725 4.997
2014-12-18 0.725 5.065
2014-10-22 0.725 4.853
2014-09-19 0.725 5.214
2014-08-20 0.725 5.293
2014-07-22 0.725 5.309
2014-06-19 0.725 5.891
2014-05-21 0.725 6.237
2014-04-21 0.725 6.497
2014-03-20 0.725 6.510
2014-02-19 0.696 6.595
2014-01-22 0.696 7.079
2013-12-18 0.696 6.978
2013-11-20 0.696 7.021
2013-10-22 0.696 7.085
2013-09-19 0.696 7.254
2013-08-21 0.684 7.263
2013-07-22 0.684 7.181
2013-06-19 0.684 7.440
2013-05-22 0.684 7.358
2013-04-19 0.684 7.329
2013-03-01 0.684 7.517
2013-02-19 0.672 7.732
2013-01-22 0.672 7.740
2012-12-18 0.672 8.080
2012-10-22 0.672 7.910
2012-09-19 0.672 7.948
2012-08-22 0.672 7.662
2012-07-19 0.672 7.800
2012-06-20 0.672 7.496
2012-05-22 0.672 7.405
2012-04-19 0.672 7.036
2012-02-23 0.672 6.834
2012-02-17 0.660 6.809
2012-01-20 0.660 6.891
2011-11-07 0.660 7.461
2011-10-20 0.648 8.714
2011-09-21 0.648 8.891
2011-08-22 0.648 8.876
2011-07-20 0.648 8.499
2011-06-21 0.648 8.388
2011-05-20 0.648 8.686
2011-04-20 0.648 9.036
2011-03-22 0.648 9.527
2011-01-04 0.648 9.150
2010-12-20 0.648 9.490
2010-11-19 0.648 9.925
2010-10-20 0.648 10.686
2010-09-21 0.648 12.475
2010-08-20 0.648 13.487
2010-07-21 0.648 13.986
2010-06-21 0.648 14.279
2010-05-19 0.648 13.743
2010-04-21 0.648 12.453
2010-03-22 0.648 12.393
2010-02-17 0.648 12.199
2010-01-20 0.648 12.973
2009-12-18 0.648 14.653
2009-11-19 0.648 16.787
2009-10-22 0.648 16.820
2009-09-21 0.648 14.888
2009-08-20 1.290 25.108
2009-07-22 1.290 21.652
2009-06-19 1.290 20.821
2009-05-20 1.290 20.164
2009-04-21 1.290 17.998
2009-03-20 1.290 18.338
2009-02-18 1.290 18.968
2009-01-21 1.290 15.294
2008-12-18 1.290 13.816
2008-11-19 1.290 15.762
2008-10-22 1.290 14.279
2008-10-16 1.290 15.786

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of EnerCare's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.7x coverage).
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 EnerCare's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 EnerCare afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. EnerCare has a total score of 2/6, 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 EnerCare'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
Jenine Krause, image provided by Google.
Jenine Krause
COMPENSATION CA$1,794,940
TENURE AS CEO 0.2 years
CEO Bio

Ms. Jenine Krause has been the President and Chief Executive Officer of EnerCare Inc. and EnerCare Solutions Inc. since August 15, 2018. Ms. Krause was the Chief Operating Officer of Home Services Business at EnerCare Inc. and EnerCare Solutions Inc. since February 01, 2016 until August 15, 2018. Ms. Krause is an accomplished senior executive with over 20 years of diverse experience in operations management, strategic planning, information technology, product development and consulting. Ms. Krause spent 11 years at Bell Canada, including a number of years as Vice President, Field Operations before transitioning to Senior Vice President, ICT delivery in business markets. She led the network deployment in Toronto for residential services. Ms. Krause is a member of the board of Young People’s Theatre and previously served as a Member of the board of Northwestel Inc. and the advisory board of Impact Consulting Group for Joseph L. Rotman School of Management, University of Toronto. Ms. Krause received her Bachelor of Commerce degree from the University of Victoria and a Master of Business Administration from Joseph L. Rotman School of Management, University of Toronto.

CEO Compensation
  • Jenine's compensation has increased by more than 20% in the past year.
  • Jenine's remuneration is lower than average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the EnerCare management team in years:

2
Average Tenure
  • The average tenure for the EnerCare management team is less than 2 years, this suggests a new team.
Management Team

Jenine Krause

TITLE
President & CEO
COMPENSATION
CA$2M
TENURE
0.2 yrs

John Toffoletto

TITLE
Senior VP
COMPENSATION
CA$937K
TENURE
3.6 yrs

Scott Boose

TITLE
President & CEO of Service Experts
COMPENSATION
CA$82K
AGE
46
TENURE
1.6 yrs

John MacDonald

TITLE
Advisor & Director
COMPENSATION
CA$2M
AGE
61
TENURE
0.2 yrs

Geoff Lowe

TITLE
Chief Financial Officer
TENURE
0.3 yrs

Irene Zaguskin

TITLE
Chief Information Officer
TENURE
2.8 yrs

Sophia Bisoukis

TITLE
Vice President of Investor Relations

Colleen Nancy Moffitt

TITLE
Chief Human Resources Officer
TENURE
3.5 yrs

John Piercy

TITLE
Senior VP & GM of Sub-metering
TENURE
2.3 yrs

Ron Wong-Shue

TITLE
Director of CWIF Administration & Operations
Board of Directors Tenure

Average tenure and age of the EnerCare board of directors in years:

11.9
Average Tenure
61
Average Age
  • The average tenure for the EnerCare board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Jim Pantelidis

TITLE
Chairman
COMPENSATION
CA$221K
AGE
72

Mike Rousseau

TITLE
Independent Director
COMPENSATION
CA$133K
AGE
60
TENURE
15.8 yrs

M. Patava

TITLE
Independent Director
COMPENSATION
CA$125K
AGE
64
TENURE
15.8 yrs

John MacDonald

TITLE
Advisor & Director
COMPENSATION
CA$2M
AGE
61
TENURE
11.5 yrs

Lisa de Wilde

TITLE
Independent Director
COMPENSATION
CA$126K
AGE
62
TENURE
12.3 yrs

Grace Palombo

TITLE
Independent Director
COMPENSATION
CA$115K
AGE
54
TENURE
6.6 yrs

John Chandler

TITLE
Director
AGE
60
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Start End Shares Value (USD)
11. Dec 17 Buy James Pantelidis Individual 07. Dec 17 07. Dec 17 950 $14,810.31
X
Management checks
We assess EnerCare'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. EnerCare 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

External News
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Simply Wall St News

With A Return On Equity Of 12%, Has EnerCare Inc's (TSE:ECI) Management Done Well?

EnerCare has a ROE of 12%, based on the last twelve months. … One way to conceptualize this, is that for each CA$1 of shareholders' equity it has, the company made CA$0.12 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Why You Should Not Buy EnerCare Inc (TSE:ECI) For Dividend

A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. … Over the past 10 years, EnerCare Inc (TSE:ECI) has returned an average of 9.00% per year to shareholders in terms of dividend yield. … How I analyze a dividend stock

Simply Wall St -

Who Are The Top Investors In EnerCare Inc (TSE:ECI)?

In this article, I will take a quick look at EnerCare Inc’s (TSE:ECI) recent ownership structure – an unconventional investing subject, but an important one. … The impact of a company's ownership structure affects both its short- and long-term performance. … TSX:ECI Ownership Summary August 13th 18

Simply Wall St -

Should You Be Concerned About EnerCare Inc's (TSE:ECI) Earnings Growth?

Understanding how EnerCare Inc (TSE:ECI) is performing as a company requires looking at more than just a years' earnings. … Today I will run you through a basic sense check to gain perspective on how EnerCare is doing by comparing its latest earnings with its long-term trend as well as the performance of its consumer services industry peers. … Check out our latest analysis for EnerCare.

Simply Wall St -

Should You Worry About EnerCare Inc's (TSE:ECI) CEO Pay Check?

John MacDonald is the CEO of EnerCare Inc (TSE:ECI), which has recently grown to a market capitalization of CA$1.99b. … Recognizing whether CEO incentives are aligned with shareholders is a crucial part of investing. … Incentives can be in the form of compensation, which should always be structured in a way that promotes value-creation to shareholders.

Simply Wall St -

At CA$0CA$18.00, Is EnerCare Inc (TSE:ECI) A Buy?

received a lot of attention from a substantial price movement on the TSX over the last few months, increasing to CA$18.52 at one point, and dropping to the lows of CA$16.81. … A question to answer is whether EnerCare's current trading price of CA$18 reflective of the actual value of the? … Let’s take a look at EnerCare’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

Is There An Opportunity With EnerCare Inc's (TSE:ECI) 27.74% Undervaluation?

by projecting its future cash flows and then discounting them to today's value. … discounted cash flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model

Simply Wall St -

Should Income Investors Buy EnerCare Inc (TSE:ECI) Before Its Ex-Dividend?

Important news for shareholders and potential investors in EnerCare Inc (TSE:ECI): The dividend payment of CA$0.083 per share will be distributed into shareholder on 29 June 2018, and the stock will begin trading ex-dividend at an earlier date, 14 June 2018. … Is this future income stream a compelling catalyst for dividend investors to think about the stock as an investment today? … Let's take a look at EnerCare's most recent financial data to examine its dividend characteristics in more detail.

Simply Wall St -

Should Income Investors Buy EnerCare Inc (TSE:ECI) Before Its Ex-Dividend?

See our latest analysis for EnerCare Here's how I find good dividend stocks If you are a dividend investor, you should always assess these five key metrics: Is it paying an annual yield above 75% of dividend payers? … Is its earnings sufficient to payout dividend at the current rate? … Furthermore, analysts have not forecasted a dividends per share for the future, which makes it hard to determine the yield shareholders should expect, and whether the current payout is sustainable, moving forward.

Simply Wall St -

Interested In EnerCare Inc (TSE:ECI)? Here's How It Performed Recently

Below, I will run you through a simple sense check to build perspective on how EnerCare is doing by comparing its most recent earnings with its historical trend, in addition to the performance of its consumer services industry peers. … See our latest analysis for EnerCare Was ECI's recent earnings decline worse than the long-term trend and the industry? … I use data from the most recent 12 months, which either annualizes the most recent 6-month earnings update, or in some cases, the most recent annual report is already the latest available financial data.

Simply Wall St -

Company Info

Map
Description

Enercare Inc., through its subsidiaries, provides home and commercial services, and energy solutions in Canada and the United States. It operates through Enercare Home Services, Sub-metering, and Service Experts segments. The Enercare Home Services offers water heaters, furnaces, air conditioners, and other HVAC rental products, protection plans, and related services. This segment also provides duct cleaning, plumbing and electrical work, and other non-contracted chargeable services. The Service Experts segment is also involved in the sale, installation, maintenance, repair, and rental of HVAC systems and water heater products. The Sub-metering segment provides equipment and services to allow sub-metering and remote measurement of electricity and water consumption in individual units in condominiums, apartment buildings, and commercial properties. Enercare Inc. was founded in 2002 and is headquartered in Markham, Canada.

Details
Name: EnerCare Inc.
ECI
Exchange: TSX
Founded: 2002
CA$3,116,517,024
107,540,270
Website: http://www.enercareinc.com
Address: EnerCare Inc.
7400 Birchmount Road,
Markham,
Ontario, L3R 5V4,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX ECI Common Shares The Toronto Stock Exchange CA CAD 17. Dec 2002
OTCPK CSUW.F Common Shares Pink Sheets LLC US USD 17. Dec 2002
DB 61E Common Shares Deutsche Boerse AG DE EUR 17. Dec 2002
Number of employees
Current staff
Staff numbers
4,259
EnerCare employees.
Industry
Specialized Consumer Services
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/10/15 21:27
End of day share price update: 2018/10/15 00:00
Last estimates confirmation: 2018/09/03
Last earnings filing: 2018/08/14
Last earnings reported: 2018/06/30
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.