AKITA Drilling Ltd.

TSX:AKT.A Stock Report

Market Cap: CA$66.2m

AKITA Drilling Past Earnings Performance

Past criteria checks 1/6

AKITA Drilling has been growing earnings at an average annual rate of 55.7%, while the Energy Services industry saw earnings growing at 55.7% annually. Revenues have been growing at an average rate of 9.1% per year. AKITA Drilling's return on equity is 1.3%, and it has net margins of 1.2%.

Key information

55.7%

Earnings growth rate

55.7%

EPS growth rate

Energy Services Industry Growth32.2%
Revenue growth rate9.1%
Return on equity1.3%
Net Margin1.2%
Last Earnings Update30 Sep 2024

Recent past performance updates

We Think That There Are Issues Underlying AKITA Drilling's (TSE:AKT.A) Earnings

Mar 31
We Think That There Are Issues Underlying AKITA Drilling's (TSE:AKT.A) Earnings

Recent updates

Earnings Miss: AKITA Drilling Ltd. Missed EPS By 40% And Analysts Are Revising Their Forecasts

Nov 08
Earnings Miss: AKITA Drilling Ltd. Missed EPS By 40% And Analysts Are Revising Their Forecasts

Take Care Before Diving Into The Deep End On AKITA Drilling Ltd. (TSE:AKT.A)

Sep 24
Take Care Before Diving Into The Deep End On AKITA Drilling Ltd. (TSE:AKT.A)

AKITA Drilling Ltd. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

May 09
AKITA Drilling Ltd. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

We Think That There Are Issues Underlying AKITA Drilling's (TSE:AKT.A) Earnings

Mar 31
We Think That There Are Issues Underlying AKITA Drilling's (TSE:AKT.A) Earnings

Here's Why AKITA Drilling (TSE:AKT.A) Has A Meaningful Debt Burden

Mar 05
Here's Why AKITA Drilling (TSE:AKT.A) Has A Meaningful Debt Burden

Market Cool On AKITA Drilling Ltd.'s (TSE:AKT.A) Revenues

Jan 25
Market Cool On AKITA Drilling Ltd.'s (TSE:AKT.A) Revenues

The Return Trends At AKITA Drilling (TSE:AKT.A) Look Promising

Nov 08
The Return Trends At AKITA Drilling (TSE:AKT.A) Look Promising

Does AKITA Drilling (TSE:AKT.A) Have A Healthy Balance Sheet?

Jul 12
Does AKITA Drilling (TSE:AKT.A) Have A Healthy Balance Sheet?

We Think That There Are Issues Underlying AKITA Drilling's (TSE:AKT.A) Earnings

Mar 27
We Think That There Are Issues Underlying AKITA Drilling's (TSE:AKT.A) Earnings

Is AKITA Drilling (TSE:AKT.A) Using Too Much Debt?

Sep 23
Is AKITA Drilling (TSE:AKT.A) Using Too Much Debt?

AKITA Drilling (TSE:AKT.A) Has Debt But No Earnings; Should You Worry?

Jun 15
AKITA Drilling (TSE:AKT.A) Has Debt But No Earnings; Should You Worry?

Is AKITA Drilling (TSE:AKT.A) Using Too Much Debt?

Nov 04
Is AKITA Drilling (TSE:AKT.A) Using Too Much Debt?

Is AKITA Drilling (TSE:AKT.A) Weighed On By Its Debt Load?

Jul 22
Is AKITA Drilling (TSE:AKT.A) Weighed On By Its Debt Load?

Does AKITA Drilling (TSE:AKT.A) Have A Healthy Balance Sheet?

Apr 08
Does AKITA Drilling (TSE:AKT.A) Have A Healthy Balance Sheet?

Is AKITA Drilling (TSE:AKT.A) Using Debt In A Risky Way?

Dec 24
Is AKITA Drilling (TSE:AKT.A) Using Debt In A Risky Way?

Revenue & Expenses Breakdown

How AKITA Drilling makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

TSX:AKT.A Revenue, expenses and earnings (CAD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 241782150
30 Jun 241875150
31 Mar 2420712160
31 Dec 2322518160
30 Sep 2323828170
30 Jun 2323627160
31 Mar 2322117150
31 Dec 222014150
30 Sep 22176-9130
30 Jun 22152-18140
31 Mar 22128-20130
31 Dec 21110-21130
30 Sep 2197-44140
30 Jun 2186-46130
31 Mar 2193-45120
31 Dec 20120-93100
30 Sep 20141-74130
30 Jun 20164-71140
31 Mar 20177-71160
31 Dec 19176-20200
30 Sep 19186-18200
30 Jun 19165-18220
31 Mar 19144-15220
31 Dec 18118-16200
30 Sep 1886-36190
30 Jun 1878-35150
31 Mar 1879-36140
31 Dec 1771-39140
30 Sep 1761-17130
30 Jun 1753-18130
31 Mar 1738-18130
31 Dec 16615130
30 Sep 1673-20130
30 Jun 1689-22140
31 Mar 16108-20140
31 Dec 15112-34150
30 Sep 151370160
30 Jun 1515211170
31 Mar 1515815180
31 Dec 1416521180
30 Sep 1416524190
30 Jun 1416223190
31 Mar 1416224190
31 Dec 1316827190

Quality Earnings: AKT.A has a large one-off gain of CA$822.0K impacting its last 12 months of financial results to 30th September, 2024.

Growing Profit Margin: AKT.A's current net profit margins (1.2%) are lower than last year (11.9%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: AKT.A has become profitable over the past 5 years, growing earnings by 55.7% per year.

Accelerating Growth: AKT.A's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: AKT.A had negative earnings growth (-92.6%) over the past year, making it difficult to compare to the Energy Services industry average (-11.9%).

Return on Equity

High ROE: AKT.A's Return on Equity (1.3%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 04:57
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

AKITA Drilling Ltd. is covered by 5 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Tim MonachelloATB Capital Markets
Michael MazarBMO Capital Markets Equity Research
null nullRBC Capital Markets