Executive Summary
Cardinal Energy Ltd. engages in the acquisition, exploration, and production of petroleum and natural gas in the provinces of Alberta and Saskatchewan, Canada.
Rewards
Risk Analysis
Snowflake Analysis
Average dividend payer and fair value.
Share Price & News
How has Cardinal Energy's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CJ's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-1.8%
CJ
-0.02%
CA Oil and Gas
1.4%
CA Market
1 Year Return
21.5%
CJ
4.4%
CA Oil and Gas
10.1%
CA Market
Return vs Industry: CJ exceeded the Canadian Oil and Gas industry which returned 5.3% over the past year.
Return vs Market: CJ exceeded the Canadian Market which returned 10.4% over the past year.
Shareholder returns
| CJ | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.8% | -0.02% | 1.4% |
| 30 Day | 9.5% | 1.3% | 2.6% |
| 90 Day | 23.7% | 10.1% | 6.5% |
| 1 Year | 29.4%21.5% | 9.0%4.4% | 13.7%10.1% |
| 3 Year | -62.1%-69.9% | -6.6%-16.3% | 17.8%7.1% |
| 5 Year | -70.5%-79.2% | -6.3%-21.3% | 36.3%16.3% |
Price Volatility Vs. Market
How volatile is Cardinal Energy's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall St
Is Cardinal Energy Ltd.'s (TSE:CJ) CEO Salary Justified?2 weeks ago | Simply Wall St
Could Cardinal Energy Ltd.'s (TSE:CJ) Investor Composition Influence The Stock Price?1 month ago | Simply Wall St
Easy Come, Easy Go: How Cardinal Energy (TSE:CJ) Shareholders Got Unlucky And Saw 83% Of Their Cash EvaporateValuation
Is Cardinal Energy undervalued compared to its fair value and its price relative to the market?
4.9x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: CJ (CA$2.82) is trading above our estimate of fair value (CA$2.73)
Significantly Below Fair Value: CJ is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: CJ is good value based on its PE Ratio (5x) compared to the Oil and Gas industry average (11.8x).
PE vs Market: CJ is good value based on its PE Ratio (5x) compared to the Canadian market (15.8x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate CJ's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CJ is good value based on its PB Ratio (0.4x) compared to the CA Oil and Gas industry average (0.8x).
Next Steps
Future Growth
How is Cardinal Energy forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
0.4%
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if CJ's forecast earnings growth is above the savings rate (1.4%).
Earnings vs Market: Insufficient data to determine if CJ's earnings are forecast to grow faster than the Canadian market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: CJ's revenue (0.4% per year) is forecast to grow slower than the Canadian market (5% per year).
High Growth Revenue: CJ's revenue (0.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CJ is forecast to be unprofitable in 3 years.
Next Steps
Past Performance
How has Cardinal Energy performed over the past 5 years?
5.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CJ has high quality earnings.
Growing Profit Margin: CJ became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: CJ has become profitable over the past 5 years, growing earnings by 5.6% per year.
Accelerating Growth: CJ has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: CJ has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (16.5%).
Return on Equity
High ROE: CJ's Return on Equity (8.6%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Cardinal Energy's financial position?
Financial Position Analysis
Short Term Liabilities: CJ's short term assets (CA$51.3M) do not cover its short term liabilities (CA$68.1M).
Long Term Liabilities: CJ's short term assets (CA$51.3M) do not cover its long term liabilities (CA$359.8M).
Debt to Equity History and Analysis
Debt Level: CJ's debt to equity ratio (31.2%) is considered satisfactory.
Reducing Debt: CJ's debt to equity ratio has increased from 8.5% to 31.2% over the past 5 years.
Debt Coverage: CJ's debt is well covered by operating cash flow (40.3%).
Interest Coverage: CJ's interest payments on its debt are well covered by EBIT (9.9x coverage).
Balance Sheet
Inventory Level: CJ has a high level of physical assets or inventory.
Debt Coverage by Assets: CJ's debt is not covered by short term assets (assets are 0.2x debt).
Next Steps
Dividend
What is Cardinal Energy's current dividend yield, its reliability and sustainability?
6.50%
Current Dividend Yield
Upcoming Dividend Payment
Purchase Cardinal Energy before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: CJ's dividend (6.38%) is higher than the bottom 25% of dividend payers in the Canadian market (1.88%).
High Dividend: CJ's dividend (6.38%) is in the top 25% of dividend payers in the Canadian market (5.48%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, CJ has been paying a dividend for less than 10 years.
Growing Dividend: CJ has only been paying a dividend for 6 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (32.7%), CJ's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CJ's dividends in 3 years are forecast to be well covered by earnings (43% payout ratio).
Next Steps
Management
What is the CEO of Cardinal Energy's salary, the management and board of directors tenure and is there insider trading?
2.2yrs
Average management tenure
CEO
M. Ratushny (54yo)
7.5yrs
Tenure
CA$1,419,165
Compensation
Mr. M. Scott Ratushny has been the Chief Executive Officer of Cardinal Energy Ltd, since May 11, 2015 and served as its President since November 9, 2017 until February 2019. Mr. Ratushny served as the Chie ...
CEO Compensation Analysis
Compensation vs Market: M.'s total compensation ($USD1.09M) is above average for companies of similar size in the Canadian market ($USD672.22K).
Compensation vs Earnings: M.'s compensation has been consistent with company performance over the past year.
Management Age and Tenure
2.2yrs
Average Tenure
50yo
Average Age
Experienced Management: CJ's management team is considered experienced (2.2 years average tenure).
Board Age and Tenure
7.5yrs
Average Tenure
54yo
Average Age
Experienced Board: CJ's board of directors are considered experienced (7.5 years average tenure).
Insider Trading
Insider Buying: CJ insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Chief Executive Officer Chairman & CEO |
| Shares | 6,000 |
| Max Price | CA$2.63 |
| Entity | Individual |
| Role | Chief Executive Officer Chairman & CEO |
| Shares | 1,000 |
| Max Price | CA$2.00 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 19,000 |
| Max Price | CA$2.02 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 20,000 |
| Max Price | CA$1.95 |
| Entity | Individual |
| Role | Chief Executive Officer Chairman & CEO |
| Shares | 7,000 |
| Max Price | CA$2.39 |
| Entity | Individual |
| Role | Chief Operating Officer Chief Operating Officer |
| Shares | 8,660 |
| Max Price | CA$3.06 |
| Entity | Individual |
| Role | Chief Operating Officer Chief Operating Officer |
| Shares | 8,660 |
| Max Price | CA$3.06 |
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.3%.
Management Team
Shannon Gangl (56yo)
Corporate Secretary
M. Ratushny (54yo)
Chairman & CEO
- Tenure: 7.5yrs
- Compensation: CA$1.42m
Dale Orton (46yo)
Chief Operating Officer
- Tenure: 2.2yrs
- Compensation: CA$750.61k
Rob Wollmann
Senior Vice President of Exploration
- Tenure: 2.2yrs
- Compensation: CA$320.04k
Shawn Van Spankeren (46yo)
Chief Financial Officer
- Tenure: 2yrs
- Compensation: CA$1.20m
Board Members
John Brussa (62yo)
Independent Director
- Tenure: 7.5yrs
- Compensation: CA$149.06k
M. Ratushny (54yo)
Chairman & CEO
- Tenure: 7.5yrs
- Compensation: CA$1.42m
Dave Johnson (68yo)
Independent Director
- Tenure: 7.5yrs
- Compensation: CA$149.06k
Greg Tisdale (49yo)
Independent Director
- Tenure: 6yrs
- Compensation: CA$151.40k
Stephanie Sterling (51yo)
Independent Director
- Tenure: 2.4yrs
- Compensation: CA$161.67k
Company Information
Cardinal Energy Ltd.'s company bio, 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
- Market Cap: CA$315.317m
- Shares outstanding: 113.83m
- Website: https://www.cardinalenergy.ca
Number of Employees
Location
- Cardinal Energy Ltd.
- 400-3rd Avenue SW
- Suite 600
- Calgary
- Alberta
- T2P 4H2
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CJ | TSX (The Toronto Stock Exchange) | Yes | Common Shares | CA | CAD | Dec 2013 |
| C0Y | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Dec 2013 |
| CRLF.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | Dec 2013 |
Biography
Cardinal Energy Ltd. engages in the acquisition, exploration, and production of petroleum and natural gas in the provinces of Alberta and Saskatchewan, Canada. It holds interests in the Midale, Wainwright, Mitsue, Bantry, and Grande Prairie properties. The company was incorporated in 2010 and is headquartered in Calgary, Canada.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/01/21 00:53 |
| End of Day Share Price | 2020/01/20 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.