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AKITA Drilling

TSX:AKT.A
Snowflake Description

High growth potential average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AKT.A
TSX
CA$113M
Market Cap
  1. Home
  2. CA
  3. Energy
Company description

AKITA Drilling Ltd. provides provides contract drilling services in Canada and the United States. The last earnings update was 20 days ago. More info.


Add to Portfolio Compare Print
  • AKITA Drilling has significant price volatility in the past 3 months.
AKT.A Share Price and Events
7 Day Returns
-1.7%
TSX:AKT.A
0.5%
CA Energy Services
0.6%
CA Market
1 Year Returns
-59.6%
TSX:AKT.A
-26.8%
CA Energy Services
-1.2%
CA Market
AKT.A Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
AKITA Drilling (AKT.A) -1.7% -10.9% -24.2% -59.6% -62.6% -83.4%
CA Energy Services 0.5% -9% -4.7% -26.8% -13.2% -67.4%
CA Market 0.6% -1.6% 1.6% -1.2% 12.2% 5.5%
1 Year Return vs Industry and Market
  • AKT.A underperformed the Energy Services industry which returned -26.8% over the past year.
  • AKT.A underperformed the Market in Canada which returned -1.2% over the past year.
Price Volatility
AKT.A
Industry
5yr Volatility vs Market

AKT.A Value

 Is AKITA Drilling 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 AKITA Drilling 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 AKITA Drilling.

TSX:AKT.A Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.9%
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 TSX:AKT.A
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Energy Services Unlevered Beta Simply Wall St/ S&P Global 1.08
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.082 (1 + (1- 26.5%) (83.07%))
1.497
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.5
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.497 * 5.96%)
10.87%

Discounted Cash Flow Calculation for TSX:AKT.A using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for AKITA Drilling 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.

TSX:AKT.A DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 10.87%)
2019 11.00 Analyst x1 9.92
2020 19.00 Analyst x1 15.46
2021 26.19 Est @ 37.84% 19.22
2022 33.28 Est @ 27.07% 22.03
2023 39.78 Est @ 19.53% 23.75
2024 45.45 Est @ 14.26% 24.47
2025 50.25 Est @ 10.56% 24.41
2026 54.27 Est @ 7.98% 23.77
2027 57.61 Est @ 6.17% 22.76
2028 60.44 Est @ 4.9% 21.54
Present value of next 10 years cash flows CA$207.32
TSX:AKT.A DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CA$60.44 × (1 + 1.95%) ÷ (10.87% – 1.95%)
CA$690.56
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$690.56 ÷ (1 + 10.87%)10
CA$246.09
TSX:AKT.A Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$207.32 + CA$246.09
CA$453.40
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$453.40 / 39.61
CA$11.45
TSX:AKT.A Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$11.45
Current discount Discount to share price of CA$2.85
= -1 x (CA$2.85 - CA$11.45) / CA$11.45
75.1%

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

Current Discount
Amount off the current price AKITA Drilling is available for.
Intrinsic value
>50%
Share price is CA$2.85 vs Future cash flow value of CA$11.45
Current Discount Checks
For AKITA Drilling to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • AKITA Drilling's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • AKITA Drilling'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 AKITA Drilling's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are AKITA Drilling's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:AKT.A PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in CAD CA$-0.52
TSX:AKT.A Share Price ** TSX (2019-05-23) in CAD CA$2.85
Canada Energy Services Industry PE Ratio Median Figure of 17 Publicly-Listed Energy Services Companies 22.66x
Canada Market PE Ratio Median Figure of 542 Publicly-Listed Companies 15.02x

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

** Primary Listing of AKITA Drilling.

TSX:AKT.A PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:AKT.A Share Price ÷ EPS (both in CAD)

= 2.85 ÷ -0.52

-5.51x

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

  • AKITA Drilling is loss making, we can't compare its value to the CA Energy Services industry average.
  • AKITA Drilling is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does AKITA Drilling's expected growth come at a high price?
Raw Data
TSX:AKT.A PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -5.51x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
116.4%per year
Canada Energy Services Industry PEG Ratio Median Figure of 13 Publicly-Listed Energy Services Companies 1.07x
Canada Market PEG Ratio Median Figure of 249 Publicly-Listed Companies 1.17x

*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 AKITA Drilling, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on AKITA Drilling's assets?
Raw Data
TSX:AKT.A PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in CAD CA$6.72
TSX:AKT.A Share Price * TSX (2019-05-23) in CAD CA$2.85
Canada Energy Services Industry PB Ratio Median Figure of 42 Publicly-Listed Energy Services Companies 1.04x
Canada Market PB Ratio Median Figure of 2,403 Publicly-Listed Companies 1.44x
TSX:AKT.A PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:AKT.A Share Price ÷ Book Value per Share (both in CAD)

= 2.85 ÷ 6.72

0.42x

* Primary Listing of AKITA Drilling.

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

  • AKITA Drilling is good value based on assets compared to the CA Energy Services industry average.
X
Value checks
We assess AKITA Drilling'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 Energy 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 Energy Services industry average (and greater than 0)? (1 check)
  5. AKITA Drilling has a total score of 3/6, 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.

AKT.A Future Performance

 How is AKITA Drilling expected to perform in the next 1 to 3 years based on estimates from 2 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
116.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is AKITA Drilling expected to grow at an attractive rate?
  • AKITA Drilling's earnings growth is expected to exceed the low risk savings rate of 1.9%.
Growth vs Market Checks
  • AKITA Drilling's earnings growth is expected to exceed the Canada market average.
  • AKITA Drilling's revenue growth is expected to exceed the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSX:AKT.A Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:AKT.A Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 116.4%
TSX:AKT.A Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 25.4%
Canada Energy Services Industry Earnings Growth Rate Market Cap Weighted Average 42.7%
Canada Energy Services Industry Revenue Growth Rate Market Cap Weighted Average 9.4%
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
TSX:AKT.A Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:AKT.A Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 245 42 0 2
2019-12-31 216 32 -7 2
TSX:AKT.A Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-03-31 144 -16 -15
2018-12-31 118 -8 -16
2018-09-30 86 3 -36
2018-06-30 78 11 -35
2018-03-31 79 4 -36
2017-12-31 71 5 -39
2017-09-30 61 7 -17
2017-06-30 53 4 -18
2017-03-31 38 2 -18
2016-12-31 61 12 5
2016-09-30 73 17 -20
2016-06-30 89 26 -22

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • AKITA Drilling's earnings are expected to grow significantly at over 20% yearly.
  • AKITA Drilling's revenue is expected to grow significantly at over 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:AKT.A Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from AKITA Drilling Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:AKT.A Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.00 0.00 0.00 1.00
2019-12-31 -0.17 -0.17 -0.17 1.00
TSX:AKT.A Past Financials Data
Date (Data in CAD Millions) EPS *
2019-03-31 -0.52
2018-12-31 -0.65
2018-09-30 -1.90
2018-06-30 -1.93
2018-03-31 -2.01
2017-12-31 -2.18
2017-09-30 -0.97
2017-06-30 -1.02
2017-03-31 -0.99
2016-12-31 0.30
2016-09-30 -1.09
2016-06-30 -1.25

*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 AKITA Drilling will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess AKITA Drilling'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.
AKITA Drilling has a total score of 5/6, 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.

AKT.A Past Performance

  How has AKITA Drilling 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 AKITA Drilling's growth in the last year to its industry (Energy 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.
  • AKITA Drilling does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare AKITA Drilling's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare AKITA Drilling's 1-year growth to the CA Energy Services industry average as it is not currently profitable.
Earnings and Revenue History
AKITA Drilling'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 AKITA Drilling Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:AKT.A Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 143.61 -15.50 25.46
2018-12-31 118.36 -15.94 20.21
2018-09-30 85.96 -36.23 19.14
2018-06-30 78.40 -34.58 15.00
2018-03-31 79.09 -36.11 14.10
2017-12-31 71.20 -39.18 13.66
2017-09-30 60.90 -17.39 12.92
2017-06-30 52.60 -18.25 13.05
2017-03-31 38.26 -17.82 12.68
2016-12-31 61.06 5.33 12.67
2016-09-30 73.47 -19.54 13.09
2016-06-30 88.87 -22.45 13.69
2016-03-31 107.76 -20.01 14.38
2015-12-31 112.49 -33.97 15.13
2015-09-30 137.28 0.01 16.08
2015-06-30 151.82 11.45 16.52
2015-03-31 157.65 15.15 17.62
2014-12-31 165.27 21.08 18.14
2014-09-30 165.19 23.81 19.19
2014-06-30 161.73 23.49 19.46
2014-03-31 161.69 24.17 19.41
2013-12-31 168.11 26.52 18.84
2013-09-30 176.91 27.22 17.98
2013-06-30 188.39 28.01 18.14
2013-03-31 196.02 27.35 18.31
2012-12-31 203.44 28.76 18.46
2012-09-30 204.68 27.31 17.69
2012-06-30 214.98 29.90 17.38

*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 AKITA Drilling has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if AKITA Drilling has efficiently used its assets last year compared to the CA Energy Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if AKITA Drilling improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess AKITA Drilling'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 Energy 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.
AKITA Drilling 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.

AKT.A Health

 How is AKITA Drilling'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 AKITA Drilling's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • AKITA Drilling is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • AKITA Drilling's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of AKITA Drilling'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.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.6x 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 AKITA Drilling Company Filings, last reported 1 month ago.

TSX:AKT.A Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 266.36 94.20 1.97
2018-12-31 271.73 83.50 1.50
2018-09-30 280.14 75.21 12.26
2018-06-30 166.49 0.00 7.10
2018-03-31 170.90 6.50 4.95
2017-12-31 174.46 0.00 0.56
2017-09-30 201.97 0.00 4.68
2017-06-30 207.29 0.00 7.61
2017-03-31 213.21 0.00 10.50
2016-12-31 219.65 0.00 14.25
2016-09-30 225.35 0.00 18.42
2016-06-30 231.46 0.00 22.57
2016-03-31 236.91 0.00 22.03
2015-12-31 220.20 0.00 9.37
2015-09-30 250.60 0.00 4.80
2015-06-30 259.62 2.50 4.73
2015-03-31 262.62 19.81 1.35
2014-12-31 259.84 20.00 2.01
2014-09-30 256.65 0.00 2.93
2014-06-30 254.16 0.00 4.99
2014-03-31 253.55 0.00 5.64
2013-12-31 245.29 0.00 19.00
2013-09-30 238.82 0.00 22.20
2013-06-30 236.60 0.00 27.62
2013-03-31 235.24 0.00 8.43
2012-12-31 223.70 0.00 11.00
2012-09-30 216.87 0.00 16.12
2012-06-30 214.34 0.00 32.68
  • AKITA Drilling's level of debt (35.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 35.4% today).
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.

  • AKITA Drilling has less than a year of cash runway based on current free cash flow.
  • AKITA Drilling has less than a year of cash runway if free cash flow continues to grow at historical rates of 91.5% each year.
X
Financial health checks
We assess AKITA Drilling'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. AKITA Drilling has a total score of 2/6, 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.

AKT.A Dividends

 What is AKITA Drilling'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
11.93%
Current annual income from AKITA Drilling dividends. Estimated to be 11.93% next year.
If you bought CA$2,000 of AKITA Drilling shares you are expected to receive CA$239 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?
  • AKITA Drilling's pays a higher dividend yield than the bottom 25% of dividend payers in Canada (2.03%).
  • AKITA Drilling's dividend is above the markets top 25% of dividend payers in Canada (5.68%).
Upcoming dividend payment

Purchase AKITA Drilling before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:AKT.A 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 2 Analyst Estimates (S&P Global) See Below
Canada Energy Services Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 4%
Canada Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

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

TSX:AKT.A Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.34 1.00
2019-12-31 0.34 1.00
TSX:AKT.A Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2019-05-01 0.340 11.584
2019-03-05 0.340 9.964
2018-11-09 0.340 8.832
2018-08-23 0.340 6.507
2018-05-09 0.340 5.897
2018-03-08 0.340 4.759
2017-11-10 0.340 4.624
2017-08-24 0.340 4.791
2017-05-09 0.340 4.649
2017-03-06 0.340 4.049
2016-11-11 0.340 3.985
2016-08-30 0.340 4.269
2016-05-10 0.340 4.189
2016-03-03 0.340 4.552
2015-11-16 0.340 5.053
2015-07-29 0.340 3.900
2015-05-12 0.340 3.540
2015-03-04 0.340 3.255
2014-11-14 0.340 3.049
2014-07-10 0.340 2.278
2014-05-15 0.340 2.040
2014-03-05 0.340 2.036
2013-11-13 0.320 2.096
2013-07-31 0.320 2.188
2013-05-16 0.320 2.568
2013-03-06 0.320 2.817
2012-11-08 0.280 2.645
2012-08-30 0.280 2.550
2012-05-07 0.280 2.807
2012-03-13 0.280 2.750
2011-11-08 0.280 2.791
2011-08-31 0.280 2.800
2011-05-09 0.280 2.461
2011-03-18 0.280 2.516
2010-11-08 0.280 2.947
2010-09-24 0.280 3.150
2010-05-11 0.280 3.596
2010-03-24 0.280 2.972
2009-11-03 0.280 2.895
2009-09-17 0.280 2.951

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 increased over the past 10 years.
Current Payout to shareholders
What portion of AKITA Drilling's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
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 AKITA Drilling'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 AKITA Drilling afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. AKITA Drilling has a total score of 4/6, see the detailed checks below.


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

AKT.A Management

 What is the CEO of AKITA Drilling'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
Karl Ruud
COMPENSATION CA$1,094,603
AGE 64
TENURE AS CEO 9.8 years
CEO Bio

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 has extensive 36 years drilling experience in Canada and internationally. He served as Executive Vice President of AKITA Drilling Ltd. from May 2002 to June 2009 and served as its Vice President of Operations from January 1993 to February 2001. He has a broad range of experience in all aspects of AKITA's business. His leadership is recognized throughout the industry. Mr. Ruud has served as President of the Canadian Association of Oilwell Drilling Contractors (CAODC) on two different occasions. He serves as a Director of the CAODC. He has been a Director of AKITA Drilling Ltd. since May 2010. Mr. Ruud holds a Bachelor's Degree in Commerce from the University of Alberta in 1976.

CEO Compensation
  • Karl's compensation has increased whilst company is loss making.
  • Karl's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure and age of the AKITA Drilling management team in years:

6.6
Average Tenure
51
Average Age
  • The average tenure for the AKITA Drilling management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Karl Ruud

TITLE
President
COMPENSATION
CA$1M
AGE
64
TENURE
9.8 yrs

Darcy Reynolds

TITLE
VP of Finance & CFO
COMPENSATION
CA$288K
AGE
42
TENURE
2.2 yrs

Colin Dease

TITLE
VP, Corporate Secretary & Legal Counsel
COMPENSATION
CA$286K
AGE
43

Ray Coleman

TITLE
Senior VP & MD of US Operations
COMPENSATION
CA$536K
AGE
51
TENURE
3.5 yrs

Fred Hensel

TITLE
Vice President of Canadian Operations
COMPENSATION
CA$299K
AGE
57

Lorne Thompson

TITLE
Vice President of Technical Operations
COMPENSATION
CA$364K
AGE
48
TENURE
6.6 yrs

Craig Kushner

TITLE
Director of Human Resources
COMPENSATION
CA$343K
AGE
60
TENURE
8.3 yrs
Board of Directors Tenure

Average tenure and age of the AKITA Drilling board of directors in years:

13
Average Tenure
63.5
Average Age
  • The average tenure for the AKITA Drilling board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Linda Southern-Heathcott

TITLE
Chairman of the Board
COMPENSATION
CA$104K
AGE
55
TENURE
13 yrs

Karl Ruud

TITLE
President
COMPENSATION
CA$1M
AGE
64
TENURE
9 yrs

Nancy Southern

TITLE
Deputy Chairman of the Board
COMPENSATION
CA$38K
AGE
61

Charles Wilson

TITLE
Director
COMPENSATION
CA$51K
AGE
78
TENURE
16.8 yrs

Loraine Charlton

TITLE
Director
COMPENSATION
CA$70K
AGE
61
TENURE
13 yrs

Dale Richardson

TITLE
Director
COMPENSATION
CA$48K
AGE
74
TENURE
25.5 yrs

C. Spitznagel

TITLE
Director
COMPENSATION
CA$43K
AGE
61
TENURE
25.5 yrs

Harish Mohan

TITLE
Director
COMPENSATION
CA$64K
AGE
65
TENURE
7.8 yrs

Harry Wilmot

TITLE
Director
COMPENSATION
CA$42K
AGE
65
TENURE
4.5 yrs

Doug Dafoe

TITLE
Director
AGE
63
TENURE
0.7 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$) Value (CA$)
03. Apr 19 Sell LRP Luxembourg Holdings SARL Company 29. Mar 19 29. Mar 19 -502,376 CA$3.25 CA$-1,632,722
X
Management checks
We assess AKITA Drilling'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. AKITA Drilling 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.

AKT.A News

Simply Wall St News

How Financially Strong Is AKITA Drilling Ltd. (TSE:AKT.A)?

(TSE:AKT.A) is a small-cap stock with a market capitalization of CA$149m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Companies operating in the Energy Services industry,

Simply Wall St -

What Kind Of Shareholder Appears On The AKITA Drilling Ltd.'s (TSE:AKT.A) Shareholder Register?

A look at the shareholders of AKITA Drilling Ltd. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … We also tend to see lower insider ownership in companies that were previously publicly owned.

Simply Wall St -

How Does Investing In AKITA Drilling Ltd (TSE:AKT.A) Impact The Volatility Of Your Portfolio?

Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … While we should keep in mind that Warren Buffett has cautioned that 'Volatility is far from synonymous with risk', beta is still a useful factor to consider.

Simply Wall St -

What does AKITA Drilling Ltd's (TSE:AKT.A) Balance Sheet Tell Us About Its Future?

The direct benefit for AKITA Drilling Ltd (TSE:AKT.A), which sports a zero-debt capital structure, to include debt in its capital structure is the reduced cost of capital. … However, the trade-off is AKT.A will have to adhere to stricter debt covenants and have less financial flexibility. … Is AKT.A growing fast enough to value financial flexibility over lower cost of capital.

Simply Wall St -

How Should You Think About AKITA Drilling Ltd's (TSE:AKT.A) Risks?

If you are looking to invest in AKITA Drilling Ltd’s (TSE:AKT.A), or currently own the stock, then you need to understand its beta in order to understand how it can affect the risk of your portfolio. … The first risk to think about is company-specific, which can be diversified away by investing in other companies in order to lower your exposure to one particular stock. … A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one.

Simply Wall St -

Does AKITA Drilling Ltd (TSE:AKT.A) Have A Place In Your Portfolio?

Dividends play a key role in compounding returns over time and can form a large part of our portfolio return. … Over the past 10 years, AKITA Drilling Ltd (TSE:AKT.A) has returned an average of 3.00% per year to shareholders in terms of dividend yield. … Let's take a look at AKITA Drilling in more detail.

Simply Wall St -

Only 6 Days Left Before AKITA Drilling Ltd (TSE:AKT.A) Will Start Trading Ex-Dividend, Should You Buy?

To qualify for the dividend check of CA$0.085 per share, investors must have owned the shares prior to 15 June 2018, which is the last day the company's management will finalize their list of shareholders to which they will send dividend payments. … Well, keep on reading because today, I'm going to look at the latest data and analyze the stock and its dividend property in further detail. … How I analyze a dividend stock.

Simply Wall St -

How Does AKITA Drilling Ltd (TSE:AKT.A) Fare As A Dividend Stock?

Check out our latest analysis for AKITA Drilling Here's how I find good dividend stocks When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas: Is it paying an annual yield above 75% of dividend payers? … TSX:AKT.A Historical Dividend Yield Apr 27th 18 Does AKITA Drilling pass our checks? … In terms of its peers, AKITA Drilling has a yield of 4.74%, which is high for Energy Services stocks but still below the market's top dividend payers.Next Steps: If you are building an income portfolio, then AKITA Drilling is a complicated choice since it has some positive aspects as well as negative ones.

Simply Wall St -

Hedge Your Bet With These Energy Dividend Payers

As a result, shareholders are paying more attention to companies like AKITA Drilling and High Arctic Energy Services, and have rising expectations for dividend payments as well. … TSX:AKT.A Historical Dividend Yield Mar 27th 18 High Arctic Energy Services Inc (TSX:HWO) HWO has a juicy dividend yield of 5.35% and pays 51.94% of it’s earnings as dividends , with analysts expecting a 70.59% payout in the next three years. … TSX:ENB Historical Dividend Yield Mar 27th 18 For more solid dividend paying companies to add to your portfolio, explore this interactive list of top dividend payers.

Simply Wall St -

AKITA Drilling And Other Great Energy Income Stocks

TSX:AKT.A Historical Dividend Yield Feb 20th 18 High Arctic Energy Services Inc (TSX:HWO) HWO has a enticing dividend yield of 5.00% and their payout ratio stands at 42.95%. … TSX:HWO Historical Dividend Yield Feb 20th 18 ZCL Composites Inc. … TSX:ZCL Historical Dividend Yield Feb 20th 18 For more solid dividend payers to add to your portfolio, you can use our free platform to explore our interactive list of top dividend payers.

Simply Wall St -

AKT.A Company Info

Description

AKITA Drilling Ltd. provides 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 development of storage caverns. It specializes in pad and other purpose-built drilling rigs; and conventional, directional, horizontal, and underbalanced drilling, as well as provides specialized drilling services. As of December 31, 2018, the company had 17 wholly owned and operated drilling rigs in Canada; and 17 drilling rigs in the United States. It serves independent and multinational oil and gas companies. AKITA Drilling Ltd. was founded in 1964 and is headquartered in Calgary, Canada.

Details
Name: AKITA Drilling Ltd.
AKT.A
Exchange: TSX
Founded: 1964
CA$113,396,017
39,608,191
Website: http://www.akita-drilling.com
Address: AKITA Drilling Ltd.
1000, 333 - 7th Avenue SW,
Calgary,
Alberta, T2P 2Z1,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX AKT.A Class A Non-Voting Common Shares The Toronto Stock Exchange CA CAD 08. Jan 1993
OTCPK AKTA.F Class A Non-Voting Common Shares Pink Sheets LLC US USD 08. Jan 1993
BST 774 Class A Non-Voting Common Shares Boerse-Stuttgart DE EUR 08. Jan 1993
TSX AKT.B Class B Common Shares The Toronto Stock Exchange CA CAD 08. Jan 1993
Number of employees
Current staff
Staff numbers
1,085
AKITA Drilling employees.
Industry
Oil and Gas Drilling
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/23 23:32
End of day share price update: 2019/05/23 00:00
Last estimates confirmation: 2019/05/15
Last earnings filing: 2019/05/03
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


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.