TSX:BNP

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Bonavista Energy

Executive Summary

Bonavista Energy Corporation acquires, develops, and holds interests in natural gas, natural gas liquids, and oil properties and assets in Western Canada. More Details


Snowflake Analysis

Fair value with imperfect balance sheet.

Share Price & News

How has Bonavista Energy's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BNP's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

BNP

-0.2%

CA Oil and Gas

0.6%

CA Market


1 Year Return

-91.5%

BNP

-33.3%

CA Oil and Gas

-7.5%

CA Market

Return vs Industry: BNP underperformed the Canadian Oil and Gas industry which returned -17.9% over the past year.

Return vs Market: BNP underperformed the Canadian Market which returned -2.2% over the past year.


Shareholder returns

BNPIndustryMarket
7 Day0%-0.2%0.6%
30 Day-10.0%-10.0%-1.1%
90 Day-73.5%-4.6%6.6%
1 Year-91.5%-91.5%-29.6%-33.3%-4.2%-7.5%
3 Year-98.3%-98.3%-32.3%-40.6%10.0%-0.6%
5 Year-98.4%-98.6%-21.3%-35.0%42.3%20.3%

Price Volatility Vs. Market

How volatile is Bonavista Energy's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Bonavista Energy undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BNP (CA$0.05) is trading below our estimate of fair value (CA$0.32)

Significantly Below Fair Value: BNP is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: BNP is unprofitable, so we can't compare its PE Ratio to the CA Oil and Gas industry average.

PE vs Market: BNP is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BNP's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BNP is good value based on its PB Ratio (0x) compared to the CA Oil and Gas industry average (0.9x).


Next Steps

Future Growth

How is Bonavista Energy forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

47.9%

Forecasted Energy industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Bonavista Energy has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Bonavista Energy performed over the past 5 years?

0.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BNP is currently unprofitable.

Growing Profit Margin: BNP is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BNP is unprofitable, but has reduced losses over the past 5 years at a rate of 0.5% per year.

Accelerating Growth: Unable to compare BNP's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: BNP is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-52%).


Return on Equity

High ROE: BNP has a negative Return on Equity (-122.64%), as it is currently unprofitable.


Next Steps

Financial Health

How is Bonavista Energy's financial position?


Financial Position Analysis

Short Term Liabilities: BNP's short term assets (CA$58.8M) do not cover its short term liabilities (CA$909.1M).

Long Term Liabilities: BNP's short term assets (CA$58.8M) do not cover its long term liabilities (CA$394.5M).


Debt to Equity History and Analysis

Debt Level: BNP's debt to equity ratio (119.4%) is considered high.

Reducing Debt: BNP's debt to equity ratio has increased from 53.5% to 119.4% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable BNP has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: BNP is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 27.2% per year.


Next Steps

Dividend

What is Bonavista Energy current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate BNP's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate BNP's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if BNP's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BNP's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: BNP is not paying a notable dividend for the Canadian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BNP's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.8yrs

Average management tenure


CEO

Jason Skehar (47 yo)

7.67yrs

Tenure

CA$2,016,800

Compensation

Mr. Jason Edward Skehar has been Director at Step Energy Services Ltd since June 22, 2012. He has been the Chief Executive Officer and President of Bonavista Energy Corporation (formerly, Bonavista Energy ...


CEO Compensation Analysis

Compensation vs Market: Jason's total compensation ($USD1.52M) is above average for companies of similar size in the Canadian market ($USD173.53K).

Compensation vs Earnings: Jason's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Jason Skehar
President7.67yrsCA$2.02m0.47%
CA$ 55.9k
Dean Kobelka
VP of Finance & CFO5.25yrsCA$1.35m0.24%
CA$ 28.3k
Bruce Jensen
Chief Operating Officer5.83yrsCA$1.33m0.24%
CA$ 28.8k
Lynda Robinson
Vice President of Human Resources & Administration14.58yrsCA$879.95k0.15%
CA$ 17.9k
Grant Zawalsky
Corporate Secretaryno datano datano data

6.8yrs

Average Tenure

Experienced Management: BNP's management team is seasoned and experienced (6.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jason Skehar
President7.67yrsCA$2.02m0.47%
CA$ 55.9k
Keith A. MacPhail
Non-Executive Chairman of the Board12.58yrsCA$185.25k3.37%
CA$ 402.1k
George Armoyan
Independent Director0.75yrno data0%
CA$ 0
Ronald J. Poelzer
Independent Vice Chairman of the Board12.17yrsCA$184.55k3.22%
CA$ 383.7k
Ian Brown
Independent Director16.25yrsCA$158.19k0.045%
CA$ 5.3k
David Carey
Independent Lead Director1yrCA$150.75k0.028%
CA$ 3.3k

9.7yrs

Average Tenure

61yo

Average Age

Experienced Board: BNP's board of directors are considered experienced (9.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: BNP insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Bonavista Energy Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bonavista Energy Corporation
  • Ticker: BNP
  • Exchange: TSX
  • Founded: 1997
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: CA$11.927m
  • Shares outstanding: 265.05m
  • Website: https://www.bonavistaenergy.com

Number of Employees


Location

  • Bonavista Energy Corporation
  • 1500, 525 – 8th Avenue SW
  • Calgary
  • Alberta
  • T2P 1G1
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BNPTSX (The Toronto Stock Exchange)YesCommon SharesCACADSep 1988
BV2DB (Deutsche Boerse AG)YesCommon SharesDEEURSep 1988

Biography

Bonavista Energy Corporation acquires, develops, and holds interests in natural gas, natural gas liquids, and oil properties and assets in Western Canada. The company was founded in 1997 and is headquarter ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/17 06:52
End of Day Share Price2020/08/13 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.