TSX:CNE

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Canacol Energy

Executive Summary

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


Snowflake Analysis

Solid track record with high growth potential.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: CNE has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0.3%

CNE

1.9%

CA Oil and Gas

0.5%

CA Market


1 Year Return

-23.4%

CNE

-17.8%

CA Oil and Gas

-1.9%

CA Market

Return vs Industry: CNE underperformed the Canadian Oil and Gas industry which returned -17.8% over the past year.

Return vs Market: CNE underperformed the Canadian Market which returned -1.9% over the past year.


Shareholder returns

CNEIndustryMarket
7 Day0.3%1.9%0.5%
30 Day-4.8%6.1%4.4%
90 Day3.2%6.9%14.5%
1 Year-20.3%-23.4%-13.3%-17.8%1.6%-1.9%
3 Year-6.3%-10.0%-19.6%-29.4%13.3%2.4%
5 Year66.5%60.0%-12.6%-27.9%40.7%19.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

26.34x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CNE (CA$3.6) is trading above our estimate of fair value (CA$3.55)

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 (26.3x) compared to the CA Oil and Gas industry average (20x).

PE vs Market: CNE is poor value based on its PE Ratio (26.3x) compared to the Canadian market (15.9x).


Price to Earnings Growth Ratio

PEG Ratio: CNE is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: CNE is overvalued based on its PB Ratio (2.2x) compared to the CA Oil and Gas industry average (0.9x).


Next Steps

Future Growth

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

39.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CNE's forecast earnings growth (39.2% per year) is above the savings rate (1.7%).

Earnings vs Market: CNE's earnings (39.2% per year) are forecast to grow faster than the Canadian market (26.3% per year).

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

Revenue vs Market: CNE's revenue (12% per year) is forecast to grow faster than the Canadian market (6.3% per year).

High Growth Revenue: CNE's revenue (12% 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 (21.9%)


Next Steps

Past Performance

How has Canacol Energy performed over the past 5 years?

34.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CNE has high quality earnings.

Growing Profit Margin: CNE's current net profit margins (6.3%) are higher than last year (1.8%).


Past Earnings Growth Analysis

Earnings Trend: CNE has become profitable over the past 5 years, growing earnings by 34.6% per year.

Accelerating Growth: CNE's earnings growth over the past year (357.8%) exceeds its 5-year average (34.6% per year).

Earnings vs Industry: CNE earnings growth over the past year (357.8%) exceeded the Oil and Gas industry -52%.


Return on Equity

High ROE: CNE's Return on Equity (8%) is considered low.


Next Steps

Financial Health

How is Canacol Energy's financial position?


Financial Position Analysis

Short Term Liabilities: CNE's short term assets ($135.0M) exceed its short term liabilities ($74.0M).

Long Term Liabilities: CNE's short term assets ($135.0M) do not cover its long term liabilities ($442.1M).


Debt to Equity History and Analysis

Debt Level: CNE's debt to equity ratio (154.7%) is considered high.

Reducing Debt: CNE's debt to equity ratio has increased from 78% to 154.7% over the past 5 years.

Debt Coverage: CNE's debt is well covered by operating cash flow (43.3%).

Interest Coverage: CNE's interest payments on its debt are well covered by EBIT (4.1x coverage).


Balance Sheet


Next Steps

Dividend

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

5.57%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CNE's dividend (5.57%) is higher than the bottom 25% of dividend payers in the Canadian market (1.73%).

High Dividend: CNE's dividend (5.57%) is low compared to the top 25% of dividend payers in the Canadian market (5.65%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether CNE's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if CNE's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (38.8%), CNE's dividend payments are 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 (25.9% payout ratio).


Next Steps

Management

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

7.0yrs

Average management tenure


CEO

Charle Gamba (56 yo)

11.83yrs

Tenure

US$1,890,261

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 ($USD1.43M) is above average for companies of similar size in the Canadian market ($USD981.13K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Charle Gamba
President11.83yrsUS$1.89m0.46%
$ 3.0m
Jason Bednar
Chief Financial Officer5.17yrsUS$1.14m0.17%
$ 1.1m
Ravi Sharma
Chief Operating Officer4.83yrsUS$1.43mno data
Anthony Zaidi
VP of Business Development8.75yrsUS$1.30m0.088%
$ 579.3k
Mark Teare
Senior Vice President of Exploration11.58yrsUS$1.14m0.26%
$ 1.7m
Kevin Flick
Vice President of Capital Markets & Investor Relations10.17yrsUS$752.62kno data
Carolina Orozco
Director of Investor Relationsno datano datano data
Tracy Whitmore
VP of Tax & Corporate Affairs1.33yrsno data0.0019%
$ 12.8k
Thomas Lutz
President of Canacol Energy Colombia3.92yrsno datano data

7.0yrs

Average Tenure

Experienced Management: CNE's management team is seasoned and experienced (7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Charle Gamba
President11.83yrsUS$1.89m0.46%
$ 3.0m
Oswaldo Cisneros
Independent Director4.83yrsUS$126.03kno data
Michael Hibberd
Independent Chairman of the Board11.5yrsUS$186.23k0.13%
$ 879.9k
David Winter
Independent Director11.5yrsUS$131.97k0.0079%
$ 52.0k
Gregory Elliott
Independent Director7.67yrsUS$122.76k0.76%
$ 5.0m
Alvaro Barrera
Member of Advisory Boardno dataUS$100.20kno data
Francisco Diaz Salazar
Independent Director5.58yrsUS$119.52kno data
Gonzalo Fernández-Tinoco
Independent Director1.75yrsUS$119.26k0.070%
$ 456.1k
Ariel Merenstein
Independent Director0.42yrno datano data

6.6yrs

Average Tenure

62yo

Average Age

Experienced Board: CNE's board of directors are considered experienced (6.6 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 company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Canacol Energy Ltd
  • Ticker: CNE
  • Exchange: TSX
  • Founded:
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: CA$655.237m
  • Shares outstanding: 181.00m
  • Website: https://www.canacolenergy.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CNNE.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDApr 1989
3B6ADB (Deutsche Boerse AG)YesCommon SharesDEEURApr 1989
CNETSX (The Toronto Stock Exchange)YesCommon SharesCACADApr 1989
CNECBVC (Bolsa de Valores de Colombia)YesCommon SharesCOCOPApr 1989
CNE NBMV (Bolsa Mexicana de Valores)YesCommon SharesMXMXNApr 1989

Biography

Canacol Energy Ltd. primarily explores for, develops, and produces petroleum and natural gas in Colombia. As of December 31, 2019, it has a total proved plus probable reserves of 109,431 one thousand barre ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/14 13:03
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.