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Bonterra Energy

TSX:BNE
Snowflake Description

Fair value second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BNE
TSX
CA$169M
Market Cap
  1. Home
  2. CA
  3. Energy
Company description

Bonterra Energy Corp., an upstream oil and gas company, engages in the production and sale of crude oil, natural gas, and natural gas liquids. The last earnings update was 41 days ago. More info.


Add to Portfolio Compare Print
  • Bonterra Energy has significant price volatility in the past 3 months.
BNE Share Price and Events
7 Day Returns
-8.2%
TSX:BNE
-0.7%
CA Oil and Gas
0.1%
CA Market
1 Year Returns
-68.3%
TSX:BNE
-13.6%
CA Oil and Gas
-2.8%
CA Market
BNE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bonterra Energy (BNE) -8.2% -25.9% -15.2% -68.3% -80.6% -91.8%
CA Oil and Gas -0.7% -5.9% -5.5% -13.6% -12.5% -40.3%
CA Market 0.1% -1.1% -0.4% -2.8% 11.5% 0.9%
1 Year Return vs Industry and Market
  • BNE underperformed the Oil and Gas industry which returned -13.6% over the past year.
  • BNE underperformed the Market in Canada which returned -2.8% over the past year.
Price Volatility
BNE
Industry
5yr Volatility vs Market

BNE Value

 Is Bonterra Energy 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 Bonterra Energy 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 Bonterra Energy.

TSX:BNE 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 12.5%
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:BNE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.91
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.908 (1 + (1- 26.5%) (186.73%))
1.774
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.77
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.774 * 5.96%)
12.52%

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

The calculations below outline how an intrinsic value for Bonterra Energy 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:BNE DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 12.52%)
2019 31.50 Analyst x4 28.00
2020 47.33 Analyst x3 37.39
2021 39.50 Analyst x2 27.73
2022 38.00 Analyst x1 23.71
2023 37.19 Est @ -2.13% 20.62
2024 36.85 Est @ -0.91% 18.16
2025 36.84 Est @ -0.05% 16.13
2026 37.04 Est @ 0.55% 14.42
2027 37.40 Est @ 0.97% 12.94
2028 37.87 Est @ 1.26% 11.64
Present value of next 10 years cash flows CA$210.73
TSX:BNE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CA$37.87 × (1 + 1.95%) ÷ (12.52% – 1.95%)
CA$365.19
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$365.19 ÷ (1 + 12.52%)10
CA$112.27
TSX:BNE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$210.73 + CA$112.27
CA$323.00
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$323.00 / 33.39
CA$9.67
TSX:BNE Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$9.67
Current discount Discount to share price of CA$5.07
= -1 x (CA$5.07 - CA$9.67) / CA$9.67
47.6%

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

Current Discount
Amount off the current price Bonterra Energy is available for.
Intrinsic value
48%
Share price is CA$5.07 vs Future cash flow value of CA$9.67
Current Discount Checks
For Bonterra Energy to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Bonterra Energy's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Bonterra Energy'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 Bonterra Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bonterra Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:BNE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in CAD CA$0.16
TSX:BNE Share Price ** TSX (2019-06-14) in CAD CA$5.07
Canada Oil and Gas Industry PE Ratio Median Figure of 59 Publicly-Listed Oil and Gas Companies 12.33x
Canada Market PE Ratio Median Figure of 546 Publicly-Listed Companies 15.02x

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

** Primary Listing of Bonterra Energy.

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

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

= 5.07 ÷ 0.16

32.33x

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

  • Bonterra Energy is overvalued based on earnings compared to the CA Oil and Gas industry average.
  • Bonterra Energy is overvalued based on earnings compared to the Canada market.
Price based on expected Growth
Does Bonterra Energy's expected growth come at a high price?
Raw Data
TSX:BNE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 32.33x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
Not available
Canada Oil and Gas Industry PEG Ratio Median Figure of 36 Publicly-Listed Oil and Gas Companies 0.79x
Canada Market PEG Ratio Median Figure of 247 Publicly-Listed Companies 1.15x

*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 Bonterra Energy, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Bonterra Energy's assets?
Raw Data
TSX:BNE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in CAD CA$14.53
TSX:BNE Share Price * TSX (2019-06-14) in CAD CA$5.07
Canada Oil and Gas Industry PB Ratio Median Figure of 224 Publicly-Listed Oil and Gas Companies 0.76x
Canada Market PB Ratio Median Figure of 2,420 Publicly-Listed Companies 1.41x
TSX:BNE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 5.07 ÷ 14.53

0.35x

* Primary Listing of Bonterra Energy.

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

  • Bonterra Energy is good value based on assets compared to the CA Oil and Gas industry average.
X
Value checks
We assess Bonterra Energy'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 Oil and Gas 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 Oil and Gas industry average (and greater than 0)? (1 check)
  5. Bonterra Energy 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.

BNE Future Performance

 How is Bonterra Energy 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
9.6%
Expected annual growth in revenue.
Earnings growth vs Low Risk Savings
Is Bonterra Energy expected to grow at an attractive rate?
  • Unable to compare Bonterra Energy's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Bonterra Energy's earnings growth to the Canada market average as no estimate data is available.
  • Bonterra Energy's revenue growth is expected to exceed the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSX:BNE Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:BNE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 9.6%
Canada Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 7.9%
Canada Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
Canada Market Earnings Growth Rate Market Cap Weighted Average 14.6%
Canada Market Revenue Growth Rate Market Cap Weighted Average 5.9%

*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:BNE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 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:BNE Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 142
2021-12-31 264 139 1
2020-12-31 229 114 4
2019-12-31 215 108 4
TSX:BNE Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-03-31 194 101 5
2018-12-31 200 116 7
2018-09-30 219 122 20
2018-06-30 206 114 11
2018-03-31 194 109 5
2017-12-31 189 104 3
2017-09-30 184 109 -1
2017-06-30 184 103 -4
2017-03-31 175 89 -12
2016-12-31 160 75 -24
2016-09-30 156 72 -27
2016-06-30 161 88 -22

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Bonterra Energy is high growth as no earnings estimate data is available.
  • Bonterra Energy's revenue is expected to grow by 9.6% 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:BNE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Bonterra Energy Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:BNE Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31
2019-12-31
TSX:BNE Past Financials Data
Date (Data in CAD Millions) EPS *
2019-03-31 0.16
2018-12-31 0.22
2018-09-30 0.61
2018-06-30 0.34
2018-03-31 0.16
2017-12-31 0.08
2017-09-30 -0.02
2017-06-30 -0.11
2017-03-31 -0.36
2016-12-31 -0.73
2016-09-30 -0.82
2016-06-30 -0.65

*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 Bonterra Energy will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Bonterra Energy'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.
Bonterra Energy has a total score of 1/6, 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.

BNE Past Performance

  How has Bonterra Energy 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 Bonterra Energy's growth in the last year to its industry (Oil and Gas).
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.
  • Bonterra Energy's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Bonterra Energy's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Bonterra Energy's 1-year earnings growth is negative, it can't be compared to the CA Oil and Gas industry average.
Earnings and Revenue History
Bonterra Energy'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 Bonterra Energy Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:BNE Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 194.19 5.23 9.31
2018-12-31 199.74 7.17 9.99
2018-09-30 218.77 20.17 10.37
2018-06-30 205.58 11.37 11.00
2018-03-31 194.08 5.43 11.28
2017-12-31 188.66 2.51 12.26
2017-09-30 184.29 -0.76 13.11
2017-06-30 184.13 -3.55 12.90
2017-03-31 175.16 -12.11 12.81
2016-12-31 160.30 -24.14 12.16
2016-09-30 156.09 -27.08 12.51
2016-06-30 161.46 -21.57 12.47
2016-03-31 176.04 -18.70 12.17
2015-12-31 183.96 -9.08 11.48
2015-09-30 203.88 -37.84 11.27
2015-06-30 234.71 -16.54 11.83
2015-03-31 267.64 13.79 13.02
2014-12-31 301.87 38.76 13.40
2014-09-30 302.09 86.89 12.40
2014-06-30 291.48 85.60 12.95
2014-03-31 271.47 73.10 12.37
2013-12-31 257.94 62.76 13.27
2013-09-30 232.24 53.59 13.93
2013-06-30 196.17 41.64 12.52
2013-03-31 156.63 35.72 11.57
2012-12-31 129.30 33.21 10.34
2012-09-30 131.71 33.20 10.22
2012-06-30 130.55 34.83 9.74

*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.
  • Bonterra Energy has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Bonterra Energy used its assets less efficiently than the CA Oil and Gas industry average last year based on Return on Assets.
  • Bonterra Energy has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Bonterra Energy'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 Oil and Gas 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.
Bonterra Energy has a total score of 1/6, 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.

BNE Health

 How is Bonterra Energy'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 Bonterra Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Bonterra Energy's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Bonterra Energy's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Bonterra Energy'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 0.1x 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 Bonterra Energy Company Filings, last reported 2 months ago.

TSX:BNE Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 484.98 316.09 0.12
2018-12-31 483.97 320.66 0.12
2018-09-30 500.51 315.20 0.21
2018-06-30 503.98 325.41 0.24
2018-03-31 504.24 313.99 0.24
2017-12-31 510.26 316.71 0.27
2017-09-30 517.72 369.82 0.28
2017-06-30 529.84 365.57 0.28
2017-03-31 535.74 354.62 0.37
2016-12-31 543.82 353.70 0.45
2016-09-30 549.87 360.45 0.44
2016-06-30 564.08 363.92 2.16
2016-03-31 575.93 372.12 8.57
2015-12-31 595.81 369.47 8.58
2015-09-30 610.79 372.86 6.74
2015-06-30 599.91 408.43 13.22
2015-03-31 613.89 259.22 17.88
2014-12-31 635.20 206.72 6.23
2014-09-30 697.34 192.34 6.06
2014-06-30 699.28 203.15 8.25
2014-03-31 678.22 195.10 7.20
2013-12-31 667.64 193.76 5.73
2013-09-30 671.53 184.19 4.77
2013-06-30 648.57 216.38 3.79
2013-03-31 658.06 216.51 4.27
2012-12-31 163.28 193.81 4.14
2012-09-30 169.84 175.78 4.23
2012-06-30 176.29 161.75 5.12
  • Bonterra Energy's level of debt (65.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (28.8% vs 65.2% today).
  • Debt is well covered by operating cash flow (32%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.5x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Bonterra Energy'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. Bonterra Energy has a total score of 1/6, 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.

BNE Dividends

 What is Bonterra Energy'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
2.37%
Current annual income from Bonterra Energy dividends. Estimated to be 2.37% next year.
If you bought CA$2,000 of Bonterra Energy shares you are expected to receive CA$47 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?
  • Bonterra Energy's pays a higher dividend yield than the bottom 25% of dividend payers in Canada (2.12%).
  • Bonterra Energy's dividend is below the markets top 25% of dividend payers in Canada (5.78%).
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:BNE 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
Canada Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 37 Stocks 4.7%
Canada Market Average Dividend Yield Market Cap Weighted Average of 335 Stocks 3.6%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
Canada Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

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

TSX:BNE Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.12 1.00
2021-12-31 0.12 2.00
2020-12-31 0.12 10.00
2019-12-31 0.12 10.00
TSX:BNE Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2019-06-03 0.120 2.248
2019-05-01 0.120 1.892
2019-04-01 0.120 1.683
2019-03-01 0.120 1.947
2019-02-01 0.120 2.010
2019-01-02 0.120 1.922
2018-11-29 0.120 1.832
2018-11-01 1.200 11.605
2018-10-01 1.200 7.206
2018-09-04 1.200 6.555
2018-08-01 1.200 6.294
2018-07-03 1.200 6.646
2018-06-01 1.200 7.345
2018-05-01 1.200 7.312
2018-04-02 1.200 8.115
2018-03-01 1.200 9.028
2018-02-01 1.200 8.799
2018-01-02 1.200 8.159
2017-12-01 1.200 8.199
2017-11-01 1.200 7.843
2017-10-02 1.200 8.159
2017-09-01 1.200 7.405
2017-08-01 1.200 7.779
2017-07-04 1.200 7.259
2017-06-01 1.200 7.515
2017-05-01 1.200 6.674
2017-04-03 1.200 5.622
2017-03-01 1.200 5.390
2017-02-01 1.200 4.827
2017-01-03 1.200 4.552
2016-12-01 1.200 4.274
2016-11-01 1.200 4.852
2016-10-03 1.200 4.591
2016-09-01 1.200 4.830
2016-08-02 1.200 4.686
2016-07-04 1.200 4.750
2016-06-01 1.200 4.549
2016-05-02 1.200 4.571
2016-04-01 1.200 5.180
2016-03-01 1.200 5.885
2016-02-01 1.200 7.072
2015-12-17 1.200 7.834
2015-12-01 1.800 9.381
2015-11-02 1.800 8.212
2015-10-01 1.800 8.134
2015-09-01 1.800 8.799
2015-08-04 1.800 8.777
2015-07-02 1.800 6.710
2015-06-01 1.800 5.563
2015-05-01 1.800 5.074
2015-04-01 1.800 4.857
2015-03-02 1.800 4.905
2015-01-29 1.800 4.169
2015-01-02 3.600 9.351
2014-12-01 3.600 9.245
2014-11-03 3.600 7.538
2014-10-01 3.600 6.863
2014-09-02 3.600 5.959
2014-08-01 3.600 5.740
2014-06-25 3.600 5.814
2014-06-02 3.480 5.770
2014-05-01 3.480 6.089
2014-04-01 3.480 6.267
2014-03-03 3.480 6.481
2014-02-03 3.480 6.438
2014-01-02 3.480 6.680
2013-11-12 3.480 6.403
2013-11-01 3.360 5.884
2013-10-01 3.360 5.912
2013-09-03 3.360 6.173
2013-08-01 3.360 6.677
2013-07-02 3.360 6.749
2013-06-03 3.360 6.777
2013-05-02 3.360 6.659
2013-04-01 3.360 6.980
2012-12-17 3.360 7.099
2012-12-04 3.120 7.347
2012-10-02 3.120 7.155
2012-09-05 3.120 7.032
2012-08-02 3.120 6.935
2012-07-04 3.120 6.962
2012-06-04 3.120 7.045
2012-05-03 3.120 6.531
2012-04-03 3.120 6.505
2012-03-02 3.120 6.049
2012-02-02 3.120 5.673
2012-01-04 3.120 5.868
2011-12-02 3.120 6.012
2011-11-02 3.120 6.083
2011-10-04 3.120 6.255
2011-09-02 3.120 6.545
2011-08-03 3.120 6.275
2011-07-05 3.120 5.471
2011-06-02 3.120 5.170
2011-04-27 3.120 5.359
2011-04-04 2.880 5.260
2011-03-02 2.880 4.865
2011-02-02 2.880 4.902
2011-01-05 2.880 5.405
2010-12-02 2.640 5.442
2010-11-01 2.640 6.126
2010-10-01 2.640 6.265
2010-09-02 2.640 6.444
2010-08-03 2.640 7.028
2010-07-06 2.640 7.467
2010-06-02 2.520 7.309
2010-05-04 2.520 7.120
2010-04-01 2.520 6.671
2010-03-03 2.160 5.961
2010-02-03 2.160 6.286
2010-01-04 2.160 6.027
2009-12-02 1.920 5.839
2009-11-03 1.920 6.501
2009-10-01 1.920 6.821
2009-09-03 1.680 6.598
2009-08-05 1.680 6.835
2009-07-03 1.680 7.468

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 Bonterra Energy's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.3x coverage).
X
Income/ dividend checks
We assess Bonterra Energy'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 Bonterra Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bonterra Energy has a total score of 3/6, see the detailed checks below.


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

BNE Management

 What is the CEO of Bonterra Energy'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
George Fink
COMPENSATION CA$400,939
AGE 78
TENURE AS CEO 38.4 years
CEO Bio

Mr. George Frederick Fink, B. Comm., C.A., has been the Chief Executive Officer at Bonterra Energy Corp since January 1981. Mr. Fink serves as the Chief Executive Officer of CanAmericas (Argentina) Energy Ltd., Olympia Trust Company and Comstate Resources Ltd. He has been the Chairman of Pine Cliff Energy Ltd. since August 16, 2016. He served as Executive Chairman of Pine Cliff Energy Ltd. since November 10, 2010 and Pine Cliff Energy Ltd. since January 2, 2012. He serves as the President of Olympia Trust Company. He served as the President and Chief Executive Officer at Novitas Energy Ltd. and Bonterra Energy Income Trust. He served as Chief Executive Officer and President of Meliadine Holdings Inc. since 1994. He served as the Chief Executive Officer and President of Pine Cliff Energy Ltd until January 2, 2011. He served as the President and Chief Executive Officer of Geomark Exploration Ltd. He served as the President of Bonterra Energy Corp. Mr. Fink has been the Chairman of Bonterra Energy Corp since January 1981. He served as the Chief Executive Officer of SRX Post Holdings Inc. He has been a Director of Pine Cliff Energy Ltd., since 2004; Meliadine Holdings Inc., since June 1987; Bonterra Energy Corp., since January 1981; Meliadine Holdings Inc. since June 1987; Comstate Resources Ltd., since January 1981; Wild Stream Exploration Inc. since November 6, 2009; Novitas Energy Ltd. since 2001 and Raging River Exploration Inc. since December 15, 2011. He has been a Director of Geomark Exploration Ltd. since April 2010. He serves as a Director of CanAmericas (Argentina) Energy Ltd. and SEPAC. He served as a Trustee of First National Alarmcap Income Fund from June 18, 2008 to September 19, 2011. He served as a Director of SRX Post Holdings Inc. and CAPP. He is a Chartered Accountant. Mr. Fink holds a Bachelor of Commerce degree from University of Saskatchewan.

CEO Compensation
  • George's compensation has been consistent with company performance over the past year, both up more than 20%.
  • George's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the Bonterra Energy management team in years:

7.1
Average Tenure
  • The average tenure for the Bonterra Energy management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

George Fink

TITLE
Chairman & CEO
COMPENSATION
CA$401K
AGE
78
TENURE
38.4 yrs

Robb Thompson

TITLE
CFO & Corporate Secretary
COMPENSATION
CA$401K
TENURE
8.3 yrs

Adrian Neumann

TITLE
Chief Operating Officer
COMPENSATION
CA$401K
TENURE
5.9 yrs

Brad Curtis

TITLE
Senior Vice President of Business Development
COMPENSATION
CA$363K
TENURE
2.3 yrs
Board of Directors Tenure

Average tenure and age of the Bonterra Energy board of directors in years:

6.1
Average Tenure
71.5
Average Age
  • The tenure for the Bonterra Energy board of directors is about average.
Board of Directors

George Fink

TITLE
Chairman & CEO
COMPENSATION
CA$401K
AGE
78

Randy Jarock

TITLE
Independent Director
COMPENSATION
CA$82K
TENURE
7 yrs

Gary Drummond

TITLE
Independent Director
COMPENSATION
CA$82K
AGE
67
TENURE
19.8 yrs

Rodger Tourigny

TITLE
Independent Director
COMPENSATION
CA$82K
AGE
76
TENURE
6.1 yrs

Dan Reuter

TITLE
Independent Director
COMPENSATION
CA$153K
TENURE
0.8 yrs

Aidan Walsh

TITLE
Independent Director
COMPENSATION
CA$82K
AGE
63
TENURE
2.1 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Bonterra Energy insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
06. Jun 19 Buy George Fink Individual 05. Jun 19 05. Jun 19 10,000 CA$5.35 CA$53,500
15. May 19 Sell Adrian Neumann Individual 19. Nov 18 19. Nov 18 -7,070 CA$9.74 CA$-68,862
15. May 19 Buy George Fink Individual 15. May 19 15. May 19 15,000 CA$6.68 CA$100,143
13. May 19 Buy George Fink Individual 13. May 19 13. May 19 15,000 CA$6.59 CA$98,900
05. Jun 19 Buy George Fink Individual 31. May 19 31. May 19 10,000 CA$5.68 CA$56,817
30. May 19 Buy George Fink Individual 30. May 19 30. May 19 10,000 CA$5.80 CA$58,025
04. Apr 19 Buy George Fink Individual 03. Apr 19 03. Apr 19 15,000 CA$6.25 CA$93,799
01. Apr 19 Buy George Fink Individual 28. Mar 19 29. Mar 19 66,000 CA$6.32 CA$414,748
04. Feb 19 Buy George Fink Individual 31. Jan 19 31. Jan 19 8,500 CA$6.08 CA$51,671
28. Jan 19 Buy George Fink Individual 28. Jan 19 28. Jan 19 4,000 CA$5.83 CA$23,332
04. Dec 18 Buy Robb Thompson Individual 04. Dec 18 04. Dec 18 4,500 CA$7.66 CA$34,470
10. Dec 18 Buy Robb Thompson Individual 07. Dec 18 07. Dec 18 2,000 CA$7.38 CA$14,760
28. Nov 18 Buy George Fink Individual 27. Nov 18 27. Nov 18 6,000 CA$8.45 CA$50,694
26. Nov 18 Buy George Fink Individual 26. Nov 18 26. Nov 18 5,000 CA$9.15 CA$45,750
19. Nov 18 Buy George Fink Individual 12. Nov 18 15. Nov 18 43,500 CA$12.15 CA$491,316
18. Sep 18 Buy George Fink Individual 18. Sep 18 18. Sep 18 2,500 CA$17.75 CA$44,373
22. Jan 19 Buy George Fink Individual 22. Jan 19 22. Jan 19 20,000 CA$5.69 CA$113,722
21. Dec 18 Buy George Fink Individual 20. Dec 18 20. Dec 18 10,000 CA$6.22 CA$62,184
18. Dec 18 Buy George Fink Individual 18. Dec 18 18. Dec 18 10,000 CA$6.13 CA$61,311
17. Dec 18 Buy George Fink Individual 17. Dec 18 17. Dec 18 20,000 CA$6.24 CA$124,814
06. Dec 18 Buy William Oberndorf Individual 03. Dec 18 03. Dec 18 31,198 CA$7.96 CA$248,180
19. Sep 18 Buy George Fink Individual 18. Sep 18 18. Sep 18 1,400 CA$17.67 CA$24,732
23. Jan 19 Buy George Fink Individual 23. Jan 19 23. Jan 19 10,000 CA$5.67 CA$56,681
14. Dec 18 Buy George Fink Individual 13. Dec 18 13. Dec 18 10,000 CA$6.49 CA$64,895
12. Dec 18 Buy George Fink Individual 12. Dec 18 12. Dec 18 5,000 CA$6.37 CA$31,850
X
Management checks
We assess Bonterra Energy'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. Bonterra Energy 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.

BNE News

Simply Wall St News

Easy Come, Easy Go: How Bonterra Energy (TSE:BNE) Shareholders Got Unlucky And Saw 91% Of Their Cash Evaporate

(TSE:BNE) for five whole years - as the share price tanked 91%. … We note that for Bonterra Energy the TSR over the last 5 years was -88%, which is better than the share price return mentioned above. … Generally speaking long term share price weakness can be a bad sign, though contrarian investors might want to research the stock in hope of a turnaround.

Simply Wall St -

Consider This Before Buying Bonterra Energy Corp. (TSE:BNE) For The 1.9% Dividend

(TSE:BNE) tend to be popular with investors, and for good reason - some research suggests a significant amount of all stock market returns come from reinvested dividends. Unfortunately, it's common for investors to be enticed in by the seemingly attractive yield, and lose money when the company has to cut its dividend payments. A slim 1.9% yield is hard to get excited about, but the long payment history is respectable. At the right price, or with strong growth opportunities, Bonterra Energy could have potential. Before you buy any stock for its dividend however, you should always remember Warren Buffett's two rules: 1) Don't lose money, and 2) Remember rule #1. We'll run through some checks below to help with this. Explore this interactive chart for our latest analysis on Bonterra Energy! TSX:BNE Historical Dividend Yield, May 27th 2019 Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Payout ratios Dividends are typically paid from company earnings. If a company pays more in dividends than it earned, then the dividend might become unsustainable - hardly an ideal situation. As a result, we should always investigate whether a company can afford its dividend, measured as a percentage of a company's net income after tax. Bonterra Energy paid out 478% of its profit as dividends, over the trailing twelve month period. A payout ratio above 100% is definitely an item of concern, unless there are some other circumstances that would justify it. In addition to comparing dividends against profits, we should inspect whether the company generated enough cash to pay its dividend. With a cash payout ratio of 98%, Bonterra Energy's dividend payments are poorly covered by cash flow. Cash is slightly more important than profit from a dividend perspective, but given Bonterra Energy's payouts were not well covered by either earnings or cash flow, we would definitely be concerned about the sustainability of this dividend. Is Bonterra Energy's Balance Sheet Risky? As Bonterra Energy's dividend was not well covered by earnings, we need to check its balance sheet for signs of financial distress. A rough way to check this is with these two simple ratios: a) net debt divided by EBITDA (earnings before interest, tax, depreciation and amortisation), and b) net interest cover. … Dividend Growth Potential Dividend payments have been consistent over the past few years, but we should always check if earnings per share (EPS) are growing, as this will help maintain the purchasing power of the dividend. … In the last five years, Bonterra Energy's earnings per share have shrunk at approximately 40% per annum.

Simply Wall St -

Is Bonterra Energy Corp.'s (TSE:BNE) High P/E Ratio A Problem For Investors?

The formula for P/E is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Bonterra Energy: P/E of 42.28 = CA$6.63 ÷ CA$0.16 (Based on the year to March 2019.) Is A High Price-to-Earnings Ratio Good? … A higher P/E ratio means that investors are paying a higher price for each CA$1 of company earnings. … The Bottom Line On Bonterra Energy's P/E Ratio Bonterra Energy trades on a P/E ratio of 42.3, which is above the CA market average of 14.6.

Simply Wall St -

What Investors Should Know About Bonterra Energy Corp.'s (TSE:BNE) Financial Strength

Help shape the future of investing tools and you could win a $250 gift card! … Investors are always looking for growth in small-cap stocks like Bonterra Energy Corp. … However, an important fact which most ignore is: how financially healthy is the business?

Simply Wall St -

What Kind Of Shareholder Owns Most Bonterra Energy Corp. (TSE:BNE) Stock?

The big shareholder groups in Bonterra Energy Corp. … So it's nice to see some insider ownership, because it may suggest that management is owner-oriented. … Taking a look at our data on the ownership groups (below), it's seems that.

Simply Wall St -

Did Bonterra Energy Corp. (TSE:BNE) Insiders Buy Up More Shares?

So we'll take a look at whether insiders have been buying or selling shares in Bonterra Energy Corp. … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … The Last 12 Months Of Insider Transactions At Bonterra Energy.

Simply Wall St -

Why We’re Not Keen On Bonterra Energy Corp’s (TSE:BNE) 2.8% Return On Capital

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … What is Return On Capital Employed (ROCE)? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Imagine Owning Bonterra Energy And Trying To Stomach The 89% Share Price Drop

Imagine if you held Bonterra Energy Corp (TSE:BNE) for half a decade as the share price tanked 89%. … We also note that the stock has performed poorly over the last year, with the share price down 57%. … The falls have accelerated recently, with the share price down 27% in the last three months.

Simply Wall St -

How Should Investors React To Bonterra Energy Corp's (TSE:BNE) CEO Pay?

George Fink became the CEO of Bonterra Energy Corp (TSE:BNE) in 1981. … First, this article will compare CEO compensation with compensation at similar sized companies. … How Does George Fink's Compensation Compare With Similar Sized Companies?

Simply Wall St -

What does Bonterra Energy Corp's (TSE:BNE) Balance Sheet Tell Us About Its Future?

Investors are always looking for growth in small-cap stocks like Bonterra Energy Corp (TSE:BNE), with a market cap of CA$225m. … However, an important fact which most ignore is: how financially healthy is the business?

Simply Wall St -

BNE Company Info

Description

Bonterra Energy Corp., an upstream oil and gas company, engages in the production and sale of crude oil, natural gas, and natural gas liquids. It primarily focuses on the development of its Cardium zone within the Pembina and Willesden Green areas located in west central Alberta. The company also holds interests in the Shaunavon area located in southwest Saskatchewan, and the Prespatou area located in northeast British Columbia. Bonterra Energy Corp. is headquartered in Calgary, Canada.

Details
Name: Bonterra Energy Corp.
BNE
Exchange: TSX
Founded:
CA$169,281,195
33,388,796
Website: http://www.bonterraenergy.com
Address: Bonterra Energy Corp.
1015 - 4th Street SW,
Suite 901,
Calgary,
Alberta, T2R 1J4,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX BNE Common Shares The Toronto Stock Exchange CA CAD 04. Jul 2001
OTCPK BNEF.F Common Shares Pink Sheets LLC US USD 04. Jul 2001
DB QNC1 Common Shares Deutsche Boerse AG DE EUR 04. Jul 2001
Number of employees
Current staff
Staff numbers
38
Bonterra Energy employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/16 00:30
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/06/14
Last earnings filing: 2019/05/06
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.