Birchcliff Energy Ltd., an intermediate oil and natural gas company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids in Western Canada.
+ 1 more risk
Reasonable growth potential and fair value.
Share Price & News
How has Birchcliff Energy's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BIR's share price has been volatile over the past 3 months.
7 Day Return
CA Oil and Gas
1 Year Return
CA Oil and Gas
Return vs Industry: BIR underperformed the Canadian Oil and Gas industry which returned -7.6% over the past year.
Return vs Market: BIR underperformed the Canadian Market which returned 0.1% over the past year.
Price Volatility Vs. Market
How volatile is Birchcliff Energy's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StZooming in on TSE:BIR's 6.0% Dividend Yield
3 weeks ago | Simply Wall StHow Do Birchcliff Energy Ltd.’s (TSE:BIR) Returns On Capital Compare To Peers?
1 month ago | Simply Wall StA Sliding Share Price Has Us Looking At Birchcliff Energy Ltd.'s (TSE:BIR) P/E Ratio
Is Birchcliff Energy undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BIR (CA$1.54) is trading above our estimate of fair value (CA$1.48)
Significantly Below Fair Value: BIR is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BIR is poor value based on its PE Ratio (13.5x) compared to the Oil and Gas industry average (10.4x).
PE vs Market: BIR is good value based on its PE Ratio (13.5x) compared to the Canadian market (15.2x).
Price to Earnings Growth Ratio
PEG Ratio: BIR is good value based on its PEG Ratio (0.2x)
Price to Book Ratio
PB vs Industry: BIR is good value based on its PB Ratio (0.2x) compared to the CA Oil and Gas industry average (0.6x).
How is Birchcliff Energy forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BIR's forecast earnings growth (83.7% per year) is above the savings rate (1.4%).
Earnings vs Market: BIR's earnings (83.7% per year) are forecast to grow faster than the Canadian market (9.8% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: BIR's revenue (11.7% per year) is forecast to grow faster than the Canadian market (4.7% per year).
High Growth Revenue: BIR's revenue (11.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BIR's Return on Equity is forecast to be low in 3 years time (5.5%).
How has Birchcliff Energy performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BIR has a large one-off loss of CA$10.9M impacting its September 30 2019 financial results.
Growing Profit Margin: BIR's current net profit margins (5.2%) are lower than last year (8.8%).
Past Earnings Growth Analysis
Earnings Trend: BIR's earnings have declined by -6.5% per year over the past 5 years.
Accelerating Growth: BIR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BIR had negative earnings growth (-41.6%) over the past year, making it difficult to compare to the Oil and Gas industry average (4.3%).
Return on Equity
High ROE: BIR's Return on Equity (2%) is considered low.
How is Birchcliff Energy's financial position?
Financial Position Analysis
Short Term Liabilities: BIR's short term assets (CA$53.4M) do not cover its short term liabilities (CA$124.1M).
Long Term Liabilities: BIR's short term assets (CA$53.4M) do not cover its long term liabilities (CA$977.6M).
Debt to Equity History and Analysis
Debt Level: BIR's debt to equity ratio (40%) is considered high.
Reducing Debt: BIR's debt to equity ratio has reduced from 44.5% to 40% over the past 5 years.
Debt Coverage: BIR's debt is well covered by operating cash flow (48.5%).
Interest Coverage: BIR's interest payments on its debt are not well covered by EBIT (2.4x coverage).
Inventory Level: BIR has a high level of physical assets or inventory.
Debt Coverage by Assets: BIR's debt is not covered by short term assets (assets are 0.1x debt).
What is Birchcliff Energy's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BIR's dividend (6.82%) is higher than the bottom 25% of dividend payers in the Canadian market (2.03%).
High Dividend: BIR's dividend (6.82%) is in the top 25% of dividend payers in the Canadian market (5.81%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, BIR has been paying a dividend for less than 10 years.
Growing Dividend: BIR's dividend payments have increased, but the company has only paid a dividend for 3 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (91%), BIR's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BIR's dividends in 3 years are forecast to be well covered by earnings (24.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jeff Tonken (62yo)
Mr. A. Jeffery Tonken, also known as Jeff, is the Founder of Birchcliff Energy Ltd. and has been its President and Chief Executive Officer since July 6, 2004. Mr. Tonken has over 37 years of experience in ...
CEO Compensation Analysis
Compensation vs Market: Jeff's total compensation ($USD3.68M) is above average for companies of similar size in the Canadian market ($USD1.04M).
Compensation vs Earnings: Jeff's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|VP & CFO||15.6yrs||CA$2.62m||0.10% CA$413.1k|
|VP of Exploration & COO||15.6yrs||CA$2.80m||0.048% CA$196.0k|
|Manager of General Accounting||14.8yrs||no data||no data|
|Controller & Manager of Investor Relations||15.3yrs||no data||no data|
|General Counsel & Corporate Secretary||0yrs||no data||no data|
|Manager of Human Resources & Corporate Services||0yrs||no data||no data|
|Manager of Geology||0yrs||no data||no data|
Experienced Management: BIR's management team is seasoned and experienced (15.6 years average tenure).
|Lead Independent Director||2.8yrs||CA$182.53k||0.022% CA$90.2k|
|Non-Independent Director||2.8yrs||CA$177.99k||0.40% CA$1.7m|
|Independent Director||1.2yrs||CA$5.92k||0.0056% CA$23.2k|
|Independent Director||2.3yrs||CA$190.45k||0.023% CA$93.0k|
Experienced Board: BIR's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: BIR 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.
Birchcliff Energy Ltd.'s company bio, employee growth, exchange listings and data sources
- Name: Birchcliff Energy Ltd.
- Ticker: BIR
- Exchange: TSX
- Founded: 2004
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Market Cap: CA$412.200m
- Shares outstanding: 265.94m
- Website: https://www.birchcliffenergy.com
Number of Employees
- Birchcliff Energy Ltd.
- 600 - 3rd Avenue SW
- Suite 1000
- T2P 0G5
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|BIR||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||Jan 2005|
|39B||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Jan 2005|
|BIRE.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Jan 2005|
|BCHF.P||OTCPK (Pink Sheets LLC)||REDEEMABLE PFD A||US||CAD||Aug 2012|
|BIR.PRC||TSX (The Toronto Stock Exchange)||PFD SER C||CA||CAD||Jun 2013|
Birchcliff Energy Ltd., an intermediate oil and natural gas company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids in Western Canada. The company holds interests in the Montney/Doig resource play, as well as other assets located in the Peace River Arch area of Alberta. As of December 31, 2018, it had interests in various gas plants, oil batteries, compressors, facilities, and infrastructure; and 178,296.7 net acres of undeveloped land, as well as gross total proved plus probable reserves of 1,002,070 Mboe. Birchcliff Energy Ltd. was founded in 2004 and is headquartered in Calgary, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/27 01:22|
|End of Day Share Price||2020/02/26 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.