AKITA Drilling Ltd. provides contract drilling services in Canada and the United States. More Details
Mediocre balance sheet and overvalued.
Share Price & News
How has AKITA Drilling's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AKT.A is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 12% a week.
Volatility Over Time: AKT.A's weekly volatility has decreased from 18% to 12% over the past year.
7 Day Return
CA Energy Services
1 Year Return
CA Energy Services
Return vs Industry: AKT.A underperformed the Canadian Energy Services industry which returned -40.6% over the past year.
Return vs Market: AKT.A underperformed the Canadian Market which returned 0.7% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is AKITA Drilling's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StAnalysts Are Upgrading AKITA Drilling Ltd. (TSE:AKT.A) After Its Latest Results
1 month ago | Simply Wall StWhy AKITA Drilling's (TSE:AKT.A) CEO Pay Matters
3 months ago | Simply Wall StIs AKITA Drilling (TSE:AKT.A) Using Too Much Debt?
Is AKITA Drilling undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: AKT.A (CA$0.38) is trading above our estimate of fair value (CA$0.08)
Significantly Below Fair Value: AKT.A is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: AKT.A is unprofitable, so we can't compare its PE Ratio to the CA Energy Services industry average.
PE vs Market: AKT.A is unprofitable, so we can't compare its PE Ratio to the Canadian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate AKT.A's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: AKT.A is good value based on its PB Ratio (0.1x) compared to the CA Energy Services industry average (0.4x).
How is AKITA Drilling forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AKT.A is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: AKT.A is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: AKT.A is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: AKT.A's revenue (13.3% per year) is forecast to grow faster than the Canadian market (6.2% per year).
High Growth Revenue: AKT.A's revenue (13.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AKT.A is forecast to be unprofitable in 3 years.
How has AKITA Drilling performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AKT.A is currently unprofitable.
Growing Profit Margin: AKT.A is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: AKT.A is unprofitable, and losses have increased over the past 5 years at a rate of 28.5% per year.
Accelerating Growth: Unable to compare AKT.A's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: AKT.A is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (-56.7%).
Return on Equity
High ROE: AKT.A has a negative Return on Equity (-40.81%), as it is currently unprofitable.
How is AKITA Drilling's financial position?
Financial Position Analysis
Short Term Liabilities: AKT.A's short term assets (CA$23.5M) exceed its short term liabilities (CA$12.7M).
Long Term Liabilities: AKT.A's short term assets (CA$23.5M) do not cover its long term liabilities (CA$85.0M).
Debt to Equity History and Analysis
Debt Level: AKT.A's debt to equity ratio (41.2%) is considered high.
Reducing Debt: Insufficient data to determine if AKT.A's debt to equity ratio has reduced over the past 5 years.
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.
Stable Cash Runway: Whilst unprofitable AKT.A has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: AKT.A is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 20.1% per year.
What is AKITA Drilling current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate AKT.A's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate AKT.A's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if AKT.A's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if AKT.A's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: AKT.A is not paying a notable dividend for the Canadian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of AKT.A's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Karl Ruud (66 yo)
Mr. Karl A. Ruud has been Chief Executive Officer and President at Akita Drilling Ltd. since July 2009. Mr. Ruud served as Chief Operating Officer of AKITA Drilling Ltd. from March 2001 to June 2009. He ha...
CEO Compensation Analysis
Compensation vs Market: Karl's total compensation ($USD586.91K) is above average for companies of similar size in the Canadian market ($USD166.28K).
Compensation vs Earnings: Karl's compensation has been consistent with company performance over the past year.
|VP of Finance & CFO||3.75yrs||CA$303.87k||0.12% |
|VP of Canadian Operations & Corporate Secretary||no data||CA$302.32k||0.29% |
|Director of Human Resources||9.92yrs||CA$191.45k||0.079% |
|President of USA Division||5.08yrs||CA$493.80k||0.11% |
|Vice President of Canadian Operations||no data||CA$920.55k||0.17% |
|Vice President of Technical Operations||8.17yrs||CA$363.58k||no data|
Experienced Management: AKT.A's management team is seasoned and experienced (8.2 years average tenure).
|Deputy Chairman of the Board||no data||CA$38.13k||0.27% |
|Independent Director||18.33yrs||CA$43.75k||0.13% |
|Independent Director||2.25yrs||CA$40.38k||0.067% |
|Chairman of the Board||14.58yrs||CA$217.13k||0.089% |
|Independent Director||6.08yrs||CA$42.63k||0.035% |
|Independent Director||14.58yrs||CA$61.75k||0.082% |
|Independent Director||9.33yrs||CA$52.75k||0.057% |
Experienced Board: AKT.A's board of directors are seasoned and experienced ( 12.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
AKITA Drilling Ltd.'s company bio, employee growth, exchange listings and data sources
- Name: AKITA Drilling Ltd.
- Ticker: AKT.A
- Exchange: TSX
- Founded: 1964
- Industry: Oil and Gas Drilling
- Sector: Energy
- Market Cap: CA$14.524m
- Shares outstanding: 39.61m
- Website: https://www.akita-drilling.com
Number of Employees
- AKITA Drilling Ltd.
- 333 - 7th Avenue SW
- Suite 1000
- T2P 2Z1
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|AKT.A||TSX (The Toronto Stock Exchange)||Yes||Class A Non-Voting Common Shares||CA||CAD||Jan 1993|
|AKT.B||TSX (The Toronto Stock Exchange)||Class B Common Shares||CA||CAD||Jan 1993|
|AKTA.F||OTCPK (Pink Sheets LLC)||Yes||Class A Non-Voting Common Shares||US||USD||Jan 1993|
|774||BST (Boerse-Stuttgart)||Yes||Class A Non-Voting Common Shares||DE||EUR||Jan 1993|
AKITA Drilling Ltd. provides contract drilling services in Canada and the United States. The company is involved in the drilling of oil and gas wells; other forms of drilling related to potash mining; and ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/12/02 23:09|
|End of Day Share Price||2020/12/02 00:00|
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.