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Cathedral Energy Services

TSX:CET
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CET
TSX
CA$21M
Market Cap
  1. Home
  2. CA
  3. Energy
Company description

Cathedral Energy Services Ltd., together with its subsidiary, Cathedral Energy Services Inc., provides directional drilling services to oil and natural gas companies in western Canada and the United States. The last earnings update was 46 days ago. More info.


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  • Cathedral Energy Services has significant price volatility in the past 3 months.
CET Share Price and Events
7 Day Returns
5%
TSX:CET
0.3%
CA Energy Services
0.7%
CA Market
1 Year Returns
-64.1%
TSX:CET
-27.3%
CA Energy Services
-1.2%
CA Market
CET Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Cathedral Energy Services (CET) 5% -23.6% -38.2% -64.1% -16% -91.5%
CA Energy Services 0.3% -3.4% -9.8% -27.3% -22.2% -71.9%
CA Market 0.7% 1.1% 0.9% -1.2% 14.1% 1.6%
1 Year Return vs Industry and Market
  • CET underperformed the Energy Services industry which returned -27.3% over the past year.
  • CET underperformed the Market in Canada which returned -1.2% over the past year.
Price Volatility
CET
Industry
5yr Volatility vs Market

CET Value

 Is Cathedral Energy Services 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 Cathedral Energy Services 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 Cathedral Energy Services.

TSX:CET Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.3%
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:CET
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 1.04
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.037 (1 + (1- 26.5%) (139.51%))
1.737
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.74
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.737 * 5.96%)
12.3%

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

The calculations below outline how an intrinsic value for Cathedral Energy Services 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:CET DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 12.3%)
2019 3.00 Analyst x1 2.67
2020 8.00 Analyst x1 6.34
2021 12.81 Est @ 60.08% 9.04
2022 18.27 Est @ 42.64% 11.49
2023 23.83 Est @ 30.43% 13.34
2024 29.04 Est @ 21.89% 14.48
2025 33.66 Est @ 15.91% 14.95
2026 37.60 Est @ 11.72% 14.87
2027 40.91 Est @ 8.79% 14.40
2028 43.66 Est @ 6.73% 13.69
Present value of next 10 years cash flows CA$115.27
TSX:CET DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CA$43.66 × (1 + 1.95%) ÷ (12.3% – 1.95%)
CA$430.02
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$430.02 ÷ (1 + 12.3%)10
CA$134.81
TSX:CET Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$115.27 + CA$134.81
CA$250.08
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$250.08 / 49.47
CA$5.06
TSX:CET Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$5.06
Current discount Discount to share price of CA$0.42
= -1 x (CA$0.42 - CA$5.06) / CA$5.06
91.7%

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

Current Discount
Amount off the current price Cathedral Energy Services is available for.
Intrinsic value
>50%
Share price is CA$0.42 vs Future cash flow value of CA$5.06
Current Discount Checks
For Cathedral Energy Services to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Cathedral Energy Services's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Cathedral Energy Services'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 Cathedral Energy Services's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Cathedral Energy Services's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:CET PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in CAD CA$-0.42
TSX:CET Share Price ** TSX (2019-06-25) in CAD CA$0.42
Canada Energy Services Industry PE Ratio Median Figure of 17 Publicly-Listed Energy Services Companies 23.08x
Canada Market PE Ratio Median Figure of 543 Publicly-Listed Companies 15.12x

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

** Primary Listing of Cathedral Energy Services.

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

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

= 0.42 ÷ -0.42

-0.99x

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

  • Cathedral Energy Services is loss making, we can't compare its value to the CA Energy Services industry average.
  • Cathedral Energy Services is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Cathedral Energy Services's expected growth come at a high price?
Raw Data
TSX:CET PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.99x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
Canada Energy Services Industry PEG Ratio Median Figure of 13 Publicly-Listed Energy Services Companies 0.79x
Canada Market PEG Ratio Median Figure of 248 Publicly-Listed Companies 1.18x

*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 Cathedral Energy Services, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Cathedral Energy Services's assets?
Raw Data
TSX:CET PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in CAD CA$1.71
TSX:CET Share Price * TSX (2019-06-25) in CAD CA$0.42
Canada Energy Services Industry PB Ratio Median Figure of 40 Publicly-Listed Energy Services Companies 1.07x
Canada Market PB Ratio Median Figure of 2,426 Publicly-Listed Companies 1.45x
TSX:CET PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.42 ÷ 1.71

0.25x

* Primary Listing of Cathedral Energy Services.

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

  • Cathedral Energy Services is good value based on assets compared to the CA Energy Services industry average.
X
Value checks
We assess Cathedral Energy Services'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. Cathedral Energy Services 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.

CET Future Performance

 How is Cathedral Energy Services expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
1.7%
Expected annual growth in revenue.
Earnings growth vs Low Risk Savings
Is Cathedral Energy Services expected to grow at an attractive rate?
  • Unable to compare Cathedral Energy Services's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Cathedral Energy Services's earnings growth to the Canada market average as no estimate data is available.
  • Cathedral Energy Services's revenue growth is positive but not above the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSX:CET Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:CET Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 1.7%
Canada Energy Services Industry Earnings Growth Rate Market Cap Weighted Average 48.9%
Canada Energy Services Industry Revenue Growth Rate Market Cap Weighted Average 8.4%
Canada Market Earnings Growth Rate Market Cap Weighted Average 14.9%
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:CET Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:CET Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 161 16 1
2019-12-31 142 8 1
TSX:CET Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-03-31 158 1 -21
2018-12-31 161 4 -17
2018-09-30 156 1 -4
2018-06-30 150 0 -5
2018-03-31 149 6 -2
2017-12-31 147 3 0
2017-09-30 137 1 4
2017-06-30 120 -1 0
2017-03-31 100 -1 -6
2016-12-31 81 4 3
2016-09-30 48 6 0
2016-06-30 60 11 -8

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Cathedral Energy Services is high growth as no earnings estimate data is available.
  • Cathedral Energy Services's revenue is expected to grow by 1.7% 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:CET 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 1 Analyst Estimates (S&P Global) See Below

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

TSX:CET Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31
2019-12-31
TSX:CET Past Financials Data
Date (Data in CAD Millions) EPS *
2019-03-31 -0.42
2018-12-31 -0.35
2018-09-30 -0.07
2018-06-30 -0.10
2018-03-31 -0.04
2017-12-31 0.00
2017-09-30 0.08
2017-06-30 0.01
2017-03-31 -0.15
2016-12-31 0.07
2016-09-30 0.00
2016-06-30 -0.21

*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 Cathedral Energy Services will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Cathedral Energy Services'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.
Cathedral Energy Services has a total score of 0/6, 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.

CET Past Performance

  How has Cathedral Energy Services 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 Cathedral Energy Services'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.
  • Cathedral Energy Services does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Cathedral Energy Services's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Cathedral Energy Services's 1-year growth to the CA Energy Services industry average as it is not currently profitable.
Earnings and Revenue History
Cathedral Energy Services'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 Cathedral Energy Services Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:CET Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 157.91 -20.98 14.81 2.63
2018-12-31 160.83 -17.06 15.49 2.48
2018-09-30 156.10 -3.69 15.63 0.10
2018-06-30 149.55 -4.88 16.23 0.16
2018-03-31 148.93 -2.18 13.82 2.37
2017-12-31 147.10 0.23 13.33 2.27
2017-09-30 136.70 3.50 14.64 1.64
2017-06-30 120.18 0.34 14.15 1.07
2017-03-31 100.45 -5.79 14.12 0.50
2016-12-31 80.87 2.62 15.05
2016-09-30 47.97 -0.17 13.81
2016-06-30 59.86 -7.67 14.87
2016-03-31 74.91 -17.01 16.20
2015-12-31 106.24 -28.84 17.38
2015-09-30 184.37 -23.07 20.93
2015-06-30 230.37 -8.41 22.66
2015-03-31 257.49 7.11 23.97
2014-12-31 275.44 10.28 24.67
2014-09-30 267.43 -2.74 22.81
2014-06-30 249.79 -0.59 22.57
2014-03-31 238.63 -1.15 22.44
2013-12-31 224.69 -1.54 21.73
2013-09-30 204.28 11.28 22.87
2013-06-30 194.38 7.14 22.30
2013-03-31 189.44 4.23 22.20
2012-12-31 203.19 14.80 22.07
2012-09-30 228.72 25.77 21.78
2012-06-30 242.30 30.53 22.04

*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 Cathedral Energy Services has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Cathedral Energy Services 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 Cathedral Energy Services 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 Cathedral Energy Services'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.
Cathedral Energy Services 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.

CET Health

 How is Cathedral Energy Services'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 Cathedral Energy Services's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Cathedral Energy Services is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Cathedral Energy Services's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Cathedral Energy Services'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 covered by short term assets, assets are 7x 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 Cathedral Energy Services Company Filings, last reported 2 months ago.

TSX:CET Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 84.62 7.00 5.04
2018-12-31 89.14 7.19 6.88
2018-09-30 103.47 7.00 4.80
2018-06-30 101.60 5.50 3.32
2018-03-31 103.04 3.33 4.97
2017-12-31 101.39 1.23 2.68
2017-09-30 105.09 0.00 4.05
2017-06-30 105.15 0.00 4.14
2017-03-31 106.19 0.00 3.78
2016-12-31 90.77 28.36 1.90
2016-09-30 96.03 25.96 0.57
2016-06-30 97.72 25.79 2.24
2016-03-31 104.49 27.91 2.20
2015-12-31 96.61 32.48 1.43
2015-09-30 105.55 33.83 1.64
2015-06-30 112.64 32.88 0.71
2015-03-31 130.04 35.00 6.72
2014-12-31 128.37 56.07 5.11
2014-09-30 127.91 63.64 8.91
2014-06-30 122.99 59.73 3.75
2014-03-31 126.69 57.51 0.74
2013-12-31 126.61 47.12 0.29
2013-09-30 138.24 47.01 4.44
2013-06-30 132.46 63.13 5.72
2013-03-31 135.58 61.66 7.20
2012-12-31 137.93 45.88 8.47
2012-09-30 141.11 45.84 16.29
2012-06-30 141.60 50.00 31.46
  • Cathedral Energy Services's level of debt (8.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (47.3% vs 8.4% 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.

  • Cathedral Energy Services has less than a year of cash runway based on current free cash flow.
  • Cathedral Energy Services has less than a year of cash runway if free cash flow continues to grow at historical rates of 97.7% each year.
X
Financial health checks
We assess Cathedral Energy Services'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. Cathedral Energy Services has a total score of 4/6, 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.

CET Dividends

 What is Cathedral Energy Services'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
0%
Current annual income from Cathedral Energy Services dividends. Estimated to be 0% next year.
If you bought CA$2,000 of Cathedral Energy Services shares you are expected to receive CA$0 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?
  • Unable to evaluate Cathedral Energy Services's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Cathedral Energy Services's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:CET 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 1 Analyst Estimates (S&P Global) See Below
Canada Energy Services Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 4.1%
Canada Market Average Dividend Yield Market Cap Weighted Average of 336 Stocks 3.5%
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 5.7%

Industry and Market average data is calculated daily.

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

TSX:CET Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00
TSX:CET Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2017-08-14 0.000 0.000
2017-08-11 0.000 0.000
2017-05-12 0.000 0.000
2017-03-03 0.000 0.000
2016-11-14 0.000 0.000
2016-11-11 0.000 0.000
2016-08-10 0.000 0.000
2016-08-09 0.000 0.000
2016-05-12 0.000 0.000
2016-05-11 0.000 0.000
2016-03-04 0.000 0.000
2016-03-03 0.000 0.000
2015-11-11 0.000 0.000
2015-05-07 0.160 9.701
2015-03-06 0.160 7.273
2015-03-04 0.160 7.154
2014-11-04 0.330 12.659
2014-08-12 0.330 8.194
2014-05-07 0.330 7.045
2014-03-06 0.330 7.627
2013-11-07 0.330 6.849
2013-11-05 0.330 6.120
2013-08-14 0.300 5.736
2013-03-06 0.300 6.910
2012-11-06 0.300 5.560
2012-08-09 0.300 4.838
2012-05-07 0.300 5.577
2012-03-06 0.300 4.673
2011-11-02 0.240 3.489
2011-08-09 0.240 3.590
2011-05-10 0.240 3.163
2011-03-03 0.240 2.548
2010-11-04 0.240 2.750
2010-08-04 0.240 3.661
2010-05-05 0.240 4.521
2010-03-03 0.240 4.139
2009-11-05 0.000 0.000
2009-07-16 0.480 12.804

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

  • Unable to perform a dividend volatility check as Cathedral Energy Services has not reported any payouts.
  • Unable to verify if Cathedral Energy Services's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Cathedral Energy Services's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Cathedral Energy Services has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Cathedral Energy Services's dividends in 3 years as they are not expected to pay a notable one for Canada.
X
Income/ dividend checks
We assess Cathedral Energy Services'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 Cathedral Energy Services afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Cathedral Energy Services has a total score of 0/6, see the detailed checks below.


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

CET Management

 What is the CEO of Cathedral Energy Services'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
P. MacFarlane
COMPENSATION CA$424,580
TENURE AS CEO 5.7 years
CEO Bio

Mr. P. Scott MacFarlane has been the Chief Executive Officer and President of Cathedral Energy Services Ltd. since October 10, 2013 and has been its Director since December 19, 2013 and also has been its Interim Chief Financial Officer since December 31, 2018. Mr. MacFarlane provides extensive experience in corporate finance and accounting practices as well as a high level of knowledge of the oil and gas industry. He served as the Interim Chief Executive Officer and Chief Financial Officer at Cathedral Energy Services Ltd. from April 1, 2001 to December 19, 2013. He served as Interim Chief Financial Officer of Cathedral Energy Services Ltd. from December 19, 2013 to September 1, 2014. He was the Vice President of Finance and Chief Financial Officer for Hanover Maloney Inc. and previously he was Senior Manager with Price Waterhouse. He has a Bachelor of Commerce degree from the University of Saskatchewan and achieved his Chartered Accountant designation in 1985.

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

Average tenure of the Cathedral Energy Services management team in years:

7.8
Average Tenure
  • The average tenure for the Cathedral Energy Services management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

P. MacFarlane

TITLE
President
COMPENSATION
CA$425K
TENURE
5.7 yrs

Randy Pustanyk

TITLE
Co-Founder
COMPENSATION
CA$389K

Bogdan Picioreanu

TITLE
Vice President of Technology
COMPENSATION
CA$300K
TENURE
10 yrs

David Diachok

TITLE
Vice President of Sales
COMPENSATION
CA$300K
TENURE
14.1 yrs

Kevin Miller

TITLE
Director of Finance & Accounting
TENURE
4.9 yrs
Board of Directors Tenure

Average tenure of the Cathedral Energy Services board of directors in years:

9.5
Average Tenure
  • The tenure for the Cathedral Energy Services board of directors is about average.
Board of Directors

Rod Maxwell

TITLE
Chairman
COMPENSATION
CA$78K
TENURE
6.4 yrs

P. MacFarlane

TITLE
President
COMPENSATION
CA$425K
TENURE
5.5 yrs

Randy Pustanyk

TITLE
Co-Founder
COMPENSATION
CA$389K
TENURE
18.7 yrs

Scott Sarjeant

TITLE
Independent Director
COMPENSATION
CA$56K
TENURE
16.2 yrs

Ian Brown

TITLE
Independent Director
COMPENSATION
CA$61K
AGE
60
TENURE
9.5 yrs

Dale Tremblay

TITLE
Independent Director
COMPENSATION
CA$53K
AGE
63
TENURE
3.7 yrs

Jay Zammit

TITLE
Independent Director
COMPENSATION
CA$42K
TENURE
15.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
17. Oct 18 Buy Scott Sarjeant Individual 17. Oct 18 17. Oct 18 24,000 CA$0.74 CA$17,700
25. Sep 18 Buy P. MacFarlane Individual 25. Sep 18 25. Sep 18 5,000 CA$0.74 CA$3,700
24. Sep 18 Buy Michael Hill Individual 21. Sep 18 21. Sep 18 2,500 CA$0.69 CA$1,725
18. Sep 18 Buy Michael Hill Individual 18. Sep 18 18. Sep 18 5,000 CA$0.73 CA$3,650
14. Sep 18 Buy Michael Hill Individual 14. Sep 18 14. Sep 18 10,000 CA$0.74 CA$7,400
14. Sep 18 Buy P. MacFarlane Individual 14. Sep 18 14. Sep 18 5,000 CA$0.74 CA$3,700
12. Sep 18 Buy P. MacFarlane Individual 10. Sep 18 10. Sep 18 5,000 CA$0.82 CA$4,100
X
Management checks
We assess Cathedral Energy Services'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. Cathedral Energy Services 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.

CET News

Simply Wall St News

Did Changing Sentiment Drive Cathedral Energy Services's (TSE:CET) Share Price Down A Painful 91%?

View our latest analysis for Cathedral Energy Services Given that Cathedral Energy Services didn't make a profit in the last twelve months, we'll focus on revenue growth to form a quick view of its business development. … In the last five years Cathedral Energy Services saw its revenue shrink by 15% per year. … A Different Perspective While the broader market gained around 0.7% in the last year, Cathedral Energy Services shareholders lost 62%.

Simply Wall St -

Is Cathedral Energy Services Ltd.'s (TSE:CET) CEO Salary Justified?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … MacFarlane's Compensation Compare With Similar Sized Companies. … We examined a group of similar sized companies, with market capitalizations of below CA$267m

Simply Wall St -

What Kind Of Shareholder Owns Most Cathedral Energy Services Ltd. (TSE:CET) Stock?

A look at the shareholders of Cathedral Energy Services Ltd. … As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.'. … Cathedral Energy Services is a smaller company with a market capitalization of CA$35m, so it may still be flying under the radar of many institutional investors.

Simply Wall St -

How Much Are Cathedral Energy Services Ltd (TSE:CET) Insiders Spending On Buying Shares?

So we'll take a look at whether insiders have been buying or selling shares in Cathedral Energy Services Ltd (TSE:CET). … Cathedral Energy Services Insider Transactions Over The Last Year. … In the last twelve months there was more buying than selling by Cathedral Energy Services insiders

Simply Wall St -

Should You Worry About The Cathedral Energy Services Ltd's (TSE:CET) Shareholder Register?

A look at the shareholders of Cathedral Energy Services Ltd (TSE:CET) can tell us which group is most powerful. … Cathedral Energy Services is not a large company by global standards. … See our latest analysis for Cathedral Energy Services

Simply Wall St -

Is Cathedral Energy Services Ltd's (TSE:CET) CEO Incentives Align With Yours?

Understanding how CEOs are incentivised to run and grow their company is an important aspect of investing in a stock. … Incentives can be in the form of compensation, which should always be structured in a way that promotes value-creation to shareholders. … CEOs leading companies of similar size and profitability

Simply Wall St -

Is Cathedral Energy Services Ltd's (TSE:CET) Balance Sheet Strong Enough To Weather A Storm?

Cathedral Energy Services Ltd (TSE:CET) is a small-cap stock with a market capitalization of CA$57.35m. … 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. … Energy Services companies,

Simply Wall St -

Should Cathedral Energy Services Ltd's (TSE:CET) Recent Earnings Decline Worry You?

The two benchmarks I used were Cathedral Energy Services's average earnings over the past couple of years, and its industry performance. … Although revenue growth over the past couple of years, has been negative, earnings growth has been deteriorating by even more, implying that Cathedral Energy Services has been ramping up its expenses. … Inspecting growth from a sector-level, the Canadian energy services industry has been enduring some headwinds over the last couple of years, leading to an average earnings drop of -9.42% in the most recent year.

Simply Wall St -

Cathedral Energy Services And Other Top Growth Stocks

TSX:CET Future Profit Apr 11th 18 Freehold Royalties Ltd. … FRU’s projected future profit growth is a robust 28.82%, with an underlying 7.69% growth from its revenues expected over the upcoming years. … Profit growth, coupled with top-line expansion, is a positive indication.

Simply Wall St -

Cathedral Energy Services And Other Top Growth Stocks

In terms of profitability and returns, stocks such as Cathedral Energy Services and Freehold Royalties are expected to outperform its peers in the future. … TSX:CET Future Profit Mar 11th 18 Freehold Royalties Ltd. … TSX:SMF Future Profit Mar 11th 18 For more financially robust companies with high growth potential to enhance your portfolio, explore this interactive list of fast growing companies.

Simply Wall St -

CET Company Info

Description

Cathedral Energy Services Ltd., together with its subsidiary, Cathedral Energy Services Inc., provides directional drilling services to oil and natural gas companies in western Canada and the United States. It offers horizontal and directional drilling services; and drilling optimization and well planning services. The company is headquartered in Calgary, Canada.

Details
Name: Cathedral Energy Services Ltd.
CET
Exchange: TSX
Founded:
CA$20,776,609
49,468,117
Website: http://www.cathedralenergyservices.com
Address: Cathedral Energy Services Ltd.
6030 – 3rd Street SE,
Calgary,
Alberta, T2H 1K2,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX CET Common Shares The Toronto Stock Exchange CA CAD 06. Aug 2002
OTCPK CETE.F Common Shares Pink Sheets LLC US USD 06. Aug 2002
DB T80 Common Shares Deutsche Boerse AG DE EUR 06. Aug 2002
Number of employees
Current staff
Staff numbers
409
Cathedral Energy Services employees.
Industry
Oil and Gas Drilling
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/25 23:50
End of day share price update: 2019/06/25 00:00
Last estimates confirmation: 2019/05/10
Last earnings filing: 2019/05/10
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.