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CJ

Cardinal Energy TSX:CJ Stock Report

Last Price

CA$7.08

Market Cap

CA$1.1b

7D

-8.6%

1Y

95.0%

Updated

24 Jun, 2022

Data

Company Financials
CJ fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance5/6
Financial Health4/6
Dividends2/6

CJ Stock Overview

Cardinal Energy Ltd. engages in the acquisition, exploration, and production of low decline light, medium, and heavy quality oil, and natural gas in Western Canada.

Cardinal Energy Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Cardinal Energy
Historical stock prices
Current Share PriceCA$7.08
52 Week HighCA$9.73
52 Week LowCA$2.63
Beta3.5
1 Month Change-23.13%
3 Month Change-11.39%
1 Year Change95.04%
3 Year Change195.00%
5 Year Change46.89%
Change since IPO-38.60%

Recent News & Updates

May 20
A Piece Of The Puzzle Missing From Cardinal Energy Ltd.'s (TSE:CJ) Share Price

A Piece Of The Puzzle Missing From Cardinal Energy Ltd.'s (TSE:CJ) Share Price

Cardinal Energy Ltd.'s ( TSE:CJ ) price-to-earnings (or "P/E") ratio of 3.8x might make it look like a strong buy right...

Shareholder Returns

CJCA Oil and GasCA Market
7D-8.6%-2.1%0.3%
1Y95.0%30.9%-4.1%

Return vs Industry: CJ exceeded the Canadian Oil and Gas industry which returned 27.5% over the past year.

Return vs Market: CJ exceeded the Canadian Market which returned -5.7% over the past year.

Price Volatility

Is CJ's price volatile compared to industry and market?
CJ volatility
CJ Average Weekly Movement9.4%
Oil and Gas Industry Average Movement10.4%
Market Average Movement9.9%
10% most volatile stocks in CA Market17.2%
10% least volatile stocks in CA Market4.3%

Stable Share Price: CJ is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: CJ's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2010n/aM. Ratushnyhttps://www.cardinalenergy.ca

Cardinal Energy Ltd. engages in the acquisition, exploration, and production of low decline light, medium, and heavy quality oil, and natural gas in Western Canada. It has operations in the provinces of Alberta and Saskatchewan. As of February 24, 2022, the company had total proved plus probable oil and gas reserves are 110,391 thousand barrels of oil equivalent.

Cardinal Energy Fundamentals Summary

How do Cardinal Energy's earnings and revenue compare to its market cap?
CJ fundamental statistics
Market CapCA$1.14b
Earnings (TTM)CA$367.62m
Revenue (TTM)CA$436.12m

3.1x

P/E Ratio

2.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CJ income statement (TTM)
RevenueCA$436.12m
Cost of RevenueCA$172.50m
Gross ProfitCA$263.62m
Other Expenses-CA$104.00m
EarningsCA$367.62m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Jul 28, 2022

Earnings per share (EPS)2.29
Gross Margin60.45%
Net Profit Margin84.29%
Debt/Equity Ratio19.2%

How did CJ perform over the long term?

See historical performance and comparison

Dividends

8.5%

Current Dividend Yield

0%

Payout Ratio

Does CJ pay a reliable dividends?

See CJ dividend history and benchmarks
When do you need to buy CJ by to receive an upcoming dividend?
Cardinal Energy dividend dates
Ex Dividend DateJun 29 2022
Dividend Pay DateJul 15 2022
Days until Ex dividend4 days
Days until Dividend pay date20 days

Does CJ pay a reliable dividends?

See CJ dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

Is CJ undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CJ?

Other financial metrics that can be useful for relative valuation.

CJ key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.9x
Enterprise Value/EBITDA2.9x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does CJ's PE Ratio compare to its peers?

CJ PE Ratio vs Peers
The above table shows the PE ratio for CJ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average3x

Price-To-Earnings vs Peers: CJ is expensive based on its Price-To-Earnings Ratio (3.1x) compared to the peer average (3x).


Price to Earnings Ratio vs Industry

How does CJ's PE Ratio compare vs other companies in the Canadian Oil and Gas Industry?

Price-To-Earnings vs Industry: CJ is good value based on its Price-To-Earnings Ratio (3.1x) compared to the Canadian Oil and Gas industry average (7.6x)


Price to Earnings Ratio vs Fair Ratio

What is CJ's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CJ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio3.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate CJ's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of CJ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CJ (CA$7.08) is trading below our estimate of fair value (CA$16.31)

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


Price to Earnings Growth Ratio

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


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


5.2%

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 Cardinal 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.


Discover growth companies

  • Examine whether Cardinal Energy is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • Cardinal Energy competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Cardinal Energy performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


18.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CJ has a high level of non-cash earnings.

Growing Profit Margin: CJ's current net profit margins (84.3%) are higher than last year (29%).


Past Earnings Growth Analysis

Earnings Trend: CJ has become profitable over the past 5 years, growing earnings by 18.8% per year.

Accelerating Growth: CJ's earnings growth over the past year (494.6%) exceeds its 5-year average (18.8% per year).

Earnings vs Industry: CJ earnings growth over the past year (494.6%) exceeded the Oil and Gas industry 171.2%.


Return on Equity

High ROE: CJ's Return on Equity (48.2%) is considered outstanding.


Discover strong past performing companies

Financial Health

How is Cardinal Energy's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: CJ's short term assets (CA$89.7M) do not cover its short term liabilities (CA$95.2M).

Long Term Liabilities: CJ's short term assets (CA$89.7M) do not cover its long term liabilities (CA$263.7M).


Debt to Equity History and Analysis

Debt Level: CJ's net debt to equity ratio (18.7%) is considered satisfactory.

Reducing Debt: CJ's debt to equity ratio has reduced from 19.4% to 19.2% over the past 5 years.

Debt Coverage: CJ's debt is well covered by operating cash flow (110.5%).

Interest Coverage: CJ's interest payments on its debt are well covered by EBIT (27.9x coverage).


Balance Sheet


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Dividend

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

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


8.47%

Current Dividend Yield

Upcoming Dividend Payment

TodayJun 25 2022Ex Dividend DateJun 29 2022Dividend Pay DateJul 15 202216 days from Ex DividendBuy in the next 4 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: CJ's dividend (8.47%) is higher than the bottom 25% of dividend payers in the Canadian market (2.08%).

High Dividend: CJ's dividend (8.47%) is in the top 25% of dividend payers in the Canadian market (5.35%)


Stability and Growth of Payments

Stable Dividend: CJ has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: CJ has only been paying a dividend for 8 years, and since then payments have fallen.


Earnings Payout to Shareholders

Earnings Coverage: Unable to calculate sustainability of dividends as CJ has not reported any payouts.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (121.6%), CJ's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

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

4.6yrs

Average management tenure


CEO

M. Ratushny (56 yo)

9.92yrs

Tenure

CA$1,906,739

Compensation

Mr. M. Scott Ratushny has been the Chief Executive Officer of Cardinal Energy Ltd, since May 11, 2015 and served as its President since November 9, 2017 until February 2019. Mr. Ratushny served as the Chie...


CEO Compensation Analysis

Compensation vs Market: M.'s total compensation ($USD1.48M) is about average for companies of similar size in the Canadian market ($USD1.59M).

Compensation vs Earnings: M.'s compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: CJ's management team is considered experienced (4.6 years average tenure).


Board Members

Experienced Board: CJ's board of directors are considered experienced (9.9 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: CJ insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 11.2%.


Top Shareholders

Company Information

Cardinal Energy Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Cardinal Energy Ltd.
  • Ticker: CJ
  • Exchange: TSX
  • Founded: 2010
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Implied Market Cap: CA$1.136b
  • Shares outstanding: 160.50m
  • Website: https://www.cardinalenergy.ca

Number of Employees


Location

  • Cardinal Energy Ltd.
  • 400-3rd Avenue SW
  • Suite 600
  • Calgary
  • Alberta
  • T2P 4H2
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/24 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.