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CNE

Canacol EnergyTSX:CNE Stock Report

Market Cap

CA$551.4m

7D

-3.1%

1Y

-22.6%

Updated

30 Nov, 2021

Data

Company Financials +
CNE fundamental analysis
Snowflake Score
Valuation1/6
Future Growth5/6
Past Performance2/6
Financial Health3/6
Dividends3/6

CNE Stock Overview

Canacol Energy Ltd. primarily explores for, develops, and produces petroleum and natural gas in Colombia.

Canacol Energy Competitors

Frontera Energy

TSX:FEC

CA$706.1m

Cairn Energy

LSE:CNE

UK£892.0m

Tullow Oil

LSE:TLW

UK£622.2m

EnQuest

LSE:ENQ

UK£316.8m

Price History & Performance

Summary of all time highs, changes and price drops for Canacol Energy
Historical stock prices
Current Share PriceCA$3.12
52 Week HighCA$4.15
52 Week LowCA$2.94
Beta0.53
1 Month Change-19.59%
3 Month Change-6.02%
1 Year Change-22.58%
3 Year Change-26.24%
5 Year Change-32.76%
Change since IPO41.82%

Recent News & Updates

Nov 06
Calculating The Fair Value Of Canacol Energy Ltd (TSE:CNE)

Calculating The Fair Value Of Canacol Energy Ltd (TSE:CNE)

In this article we are going to estimate the intrinsic value of Canacol Energy Ltd ( TSE:CNE ) by taking the expected...

Sep 20
Canacol Energy (TSE:CNE) Will Pay A Dividend Of CA$0.052

Canacol Energy (TSE:CNE) Will Pay A Dividend Of CA$0.052

Canacol Energy Ltd's ( TSE:CNE ) investors are due to receive a payment of CA$0.052 per share on 15th of October. This...

Shareholder Returns

CNECA Oil and GasCA Market
7D-3.1%-0.2%-1.3%
1Y-22.6%53.0%23.7%

Return vs Industry: CNE underperformed the Canadian Oil and Gas industry which returned 46.3% over the past year.

Return vs Market: CNE underperformed the Canadian Market which returned 21.9% over the past year.

Price Volatility

Is CNE's price volatile compared to industry and market?
CNE volatility
CNE Average Weekly Movement4.6%
Oil and Gas Industry Average Movement9.9%
Market Average Movement9.4%
10% most volatile stocks in CA Market17.1%
10% least volatile stocks in CA Market3.5%

Stable Share Price: CNE is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: CNE's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a373Charle Gambahttps://www.canacolenergy.com

Canacol Energy Ltd. primarily explores for, develops, and produces petroleum and natural gas in Colombia. As of December 31, 2020, it has a total proved plus probable reserves of 637 billion cubic feet (Bcf) conventional natural gas; and had a total proved reserves of 395 Bcf conventional natural gas. The company is headquartered in Calgary, Canada.

Canacol Energy Fundamentals Summary

How do Canacol Energy's earnings and revenue compare to its market cap?
CNE fundamental statistics
Market CapUS$431.10m
Earnings (TTM)US$9.07m
Revenue (TTM)US$297.83m

47.5x

P/E Ratio

1.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CNE income statement (TTM)
RevenueUS$297.83m
Cost of RevenueUS$52.49m
Gross ProfitUS$245.34m
ExpensesUS$236.27m
EarningsUS$9.07m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.051
Gross Margin82.38%
Net Profit Margin3.05%
Debt/Equity Ratio204.5%

How did CNE perform over the long term?

See historical performance and comparison

Dividends

6.7%

Current Dividend Yield

334%

Payout Ratio

Valuation

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

47.51x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CNE (CA$3.12) is trading above our estimate of fair value (CA$2.24)

Significantly Below Fair Value: CNE is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CNE is poor value based on its PE Ratio (47.5x) compared to the Canadian Oil and Gas industry average (7.7x).

PE vs Market: CNE is poor value based on its PE Ratio (47.5x) compared to the Canadian market (12.6x).


Price to Earnings Growth Ratio

PEG Ratio: CNE is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: CNE is overvalued based on its PB Ratio (2.3x) compared to the CA Oil and Gas industry average (1.9x).


Future Growth

How is Canacol Energy forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

58.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CNE's forecast earnings growth (58.1% per year) is above the savings rate (1.6%).

Earnings vs Market: CNE's earnings (58.1% per year) are forecast to grow faster than the Canadian market (10.6% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CNE's revenue (15% per year) is forecast to grow faster than the Canadian market (5.6% per year).

High Growth Revenue: CNE's revenue (15% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CNE's Return on Equity is forecast to be high in 3 years time (33.5%)


Past Performance

How has Canacol Energy performed over the past 5 years?

33.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CNE has high quality earnings.

Growing Profit Margin: CNE's current net profit margins (3%) are lower than last year (6.9%).


Past Earnings Growth Analysis

Earnings Trend: CNE has become profitable over the past 5 years, growing earnings by 33.8% per year.

Accelerating Growth: CNE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CNE had negative earnings growth (-54.1%) over the past year, making it difficult to compare to the Oil and Gas industry average (132.3%).


Return on Equity

High ROE: CNE's Return on Equity (4.9%) is considered low.


Financial Health

How is Canacol Energy's financial position?


Financial Position Analysis

Short Term Liabilities: CNE's short term assets ($118.1M) exceed its short term liabilities ($103.4M).

Long Term Liabilities: CNE's short term assets ($118.1M) do not cover its long term liabilities ($450.7M).


Debt to Equity History and Analysis

Debt Level: CNE's net debt to equity ratio (181.4%) is considered high.

Reducing Debt: CNE's debt to equity ratio has increased from 71.2% to 204.5% over the past 5 years.

Debt Coverage: CNE's debt is well covered by operating cash flow (31.8%).

Interest Coverage: CNE's interest payments on its debt are well covered by EBIT (3.1x coverage).


Balance Sheet


Dividend

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

6.65%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CNE's dividend (6.65%) is higher than the bottom 25% of dividend payers in the Canadian market (1.59%).

High Dividend: CNE's dividend (6.65%) is in the top 25% of dividend payers in the Canadian market (4.6%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, CNE has been paying a dividend for less than 10 years.

Growing Dividend: CNE's dividend payments have increased, but the company has only paid a dividend for 2 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (334.3%), CNE's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CNE's dividends in 3 years are forecast to be well covered by earnings (29.6% payout ratio).


Next Steps

Management

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

6.4yrs

Average management tenure


CEO

Charle Gamba (57 yo)

13.08yrs

Tenure

US$1,510,776

Compensation

Dr. Charle A. Gamba, B.Sc., MSc., Ph.D. has been Chief Executive Officer and President of Canacol Energy Ltd. since October 30, 2008. Dr. Gamba founded Canacol Energy Ltd.in 2008. He served a variety of t...


CEO Compensation Analysis

Compensation vs Market: Charle's total compensation ($USD1.51M) is above average for companies of similar size in the Canadian market ($USD816.39K).

Compensation vs Earnings: Charle's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: CNE's management team is seasoned and experienced (6.4 years average tenure).


Board Members

Experienced Board: CNE's board of directors are considered experienced (7.9 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold 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

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


Key Information

  • Name: Canacol Energy Ltd
  • Ticker: CNE
  • Exchange: TSX
  • Founded: NaN
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: CA$551.433m
  • Shares outstanding: 176.74m
  • Website: https://www.canacolenergy.com

Number of Employees


Location

  • Canacol Energy Ltd
  • 585 - 8th Avenue SW
  • Suite 2650
  • Calgary
  • Alberta
  • T2P 1G1
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/30 00:19
End of Day Share Price2021/11/29 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.