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Crescent Point Energy

TSX:CPG
Snowflake Description

Reasonable growth potential with imperfect balance sheet.

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

Crescent Point Energy Corp. explores, develops, and produces light and medium crude oil and natural gas reserves in Western Canada and the United States. The last earnings update was 69 days ago. More info.


Add to Portfolio Compare Print
  • Crescent Point Energy has significant price volatility in the past 3 months.
CPG Share Price and Events
7 Day Returns
-11.4%
TSX:CPG
-1.1%
CA Oil and Gas
-0.5%
CA Market
1 Year Returns
-58.8%
TSX:CPG
-16.7%
CA Oil and Gas
-2.9%
CA Market
CPG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Crescent Point Energy (CPG) -11.4% 0.3% -27.4% -58.8% -80.2% -91.2%
CA Oil and Gas -1.1% 1.2% -7.8% -16.7% -15% -38.7%
CA Market -0.5% 0.8% -2.1% -2.9% 8% 0.6%
1 Year Return vs Industry and Market
  • CPG underperformed the Oil and Gas industry which returned -16.7% over the past year.
  • CPG underperformed the Market in Canada which returned -2.9% over the past year.
Price Volatility
CPG
Industry
5yr Volatility vs Market

Value

 Is Crescent Point Energy 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 Crescent Point Energy 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 Crescent Point Energy.

TSX:CPG 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 13%
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:CPG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.92
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.924 (1 + (1- 26.5%) (198.69%))
1.853
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.85
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.853 * 5.96%)
12.99%

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

The calculations below outline how an intrinsic value for Crescent Point Energy 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:CPG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 12.99%)
2020 363.80 Analyst x5 321.98
2021 244.46 Est @ -32.8% 191.48
2022 189.75 Est @ -22.38% 131.54
2023 161.14 Est @ -15.08% 98.86
2024 145.07 Est @ -9.97% 78.77
2025 135.79 Est @ -6.4% 65.26
2026 130.50 Est @ -3.89% 55.51
2027 127.71 Est @ -2.14% 48.07
2028 126.54 Est @ -0.91% 42.16
2029 126.47 Est @ -0.06% 37.29
Present value of next 10 years cash flows CA$1,070.92
TSX:CPG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CA$126.47 × (1 + 1.95%) ÷ (12.99% – 1.95%)
CA$1,167.55
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$1,167.55 ÷ (1 + 12.99%)10
CA$344.26
TSX:CPG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$1,070.92 + CA$344.26
CA$1,415.18
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$1,415.18 / 547.36
CA$2.59
TSX:CPG Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$2.59
Current discount Discount to share price of CA$3.98
= -1 x (CA$3.98 - CA$2.59) / CA$2.59
-53.9%

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

  • The current share price of Crescent Point Energy is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Crescent Point Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Crescent Point Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:CPG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in CAD CA$-4.59
TSX:CPG Share Price ** TSX (2019-07-17) in CAD CA$3.98
Canada Oil and Gas Industry PE Ratio Median Figure of 59 Publicly-Listed Oil and Gas Companies 13.25x
Canada Market PE Ratio Median Figure of 538 Publicly-Listed Companies 15.05x

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

** Primary Listing of Crescent Point Energy.

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

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

= 3.98 ÷ -4.59

-0.87x

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

  • Crescent Point Energy is loss making, we can't compare its value to the CA Oil and Gas industry average.
  • Crescent Point Energy is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Crescent Point Energy's expected growth come at a high price?
Raw Data
TSX:CPG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.87x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
123.3%per year
Canada Oil and Gas Industry PEG Ratio Median Figure of 35 Publicly-Listed Oil and Gas Companies 0.69x
Canada Market PEG Ratio Median Figure of 248 Publicly-Listed Companies 1.16x

*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 Crescent Point Energy, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Crescent Point Energy's assets?
Raw Data
TSX:CPG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in CAD CA$11.90
TSX:CPG Share Price * TSX (2019-07-17) in CAD CA$3.98
Canada Oil and Gas Industry PB Ratio Median Figure of 223 Publicly-Listed Oil and Gas Companies 0.78x
Canada Market PB Ratio Median Figure of 2,440 Publicly-Listed Companies 1.42x
TSX:CPG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 3.98 ÷ 11.90

0.33x

* Primary Listing of Crescent Point Energy.

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

  • Crescent Point Energy is good value based on assets compared to the CA Oil and Gas industry average.
X
Value checks
We assess Crescent Point Energy'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 Oil and Gas 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 Oil and Gas industry average (and greater than 0)? (1 check)
  5. Crescent Point Energy has a total score of 1/6, 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.

Future Performance

 How is Crescent Point Energy 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
123.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Crescent Point Energy expected to grow at an attractive rate?
  • Crescent Point Energy's earnings growth is expected to exceed the low risk savings rate of 1.9%.
Growth vs Market Checks
  • Crescent Point Energy's earnings growth is expected to exceed the Canada market average.
  • Crescent Point Energy's revenue growth is expected to exceed the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSX:CPG Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:CPG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 123.3%
TSX:CPG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 9.6%
Canada Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 7.1%
Canada Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
Canada Market Earnings Growth Rate Market Cap Weighted Average 14%
Canada Market Revenue Growth Rate Market Cap Weighted Average 5.7%

*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:CPG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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:CPG Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 4,666 2,103 1
2021-12-31 2,005
2020-12-31 3,583 1,818 237 1
2019-12-31 3,514 1,902 224 1
TSX:CPG Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-03-31 3,295 1,703 -2,524
2018-12-31 3,321 1,748 -2,617
2018-09-30 3,423 1,839 -283
2018-06-30 3,166 1,801 -584
2018-03-31 2,959 1,765 -334
2017-12-31 2,859 1,719 -124
2017-09-30 2,695 1,708 -578
2017-06-30 2,595 1,601 -416
2017-03-31 2,455 1,612 -726
2016-12-31 2,185 1,524 -933
2016-09-30 2,124 1,605 -805
2016-06-30 2,185 1,822 -897

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Crescent Point Energy's earnings are expected to grow significantly at over 20% yearly.
  • Crescent Point Energy's revenue is expected to grow by 9.6% 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:CPG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Crescent Point Energy Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:CPG Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31 0.52 0.92 0.27 6.00
2019-12-31 0.46 0.57 0.37 6.00
TSX:CPG Past Financials Data
Date (Data in CAD Millions) EPS *
2019-03-31 -4.59
2018-12-31 -4.77
2018-09-30 -0.52
2018-06-30 -1.07
2018-03-31 -0.61
2017-12-31 -0.23
2017-09-30 -1.06
2017-06-30 -0.78
2017-03-31 -1.38
2016-12-31 -1.81
2016-09-30 -1.59
2016-06-30 -1.78

*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 Crescent Point Energy will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Crescent Point Energy'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.
Crescent Point Energy has a total score of 4/6, 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.

Past Performance

  How has Crescent Point Energy 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 Crescent Point Energy's growth in the last year to its industry (Oil and Gas).
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.
  • Crescent Point Energy does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Crescent Point Energy's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Crescent Point Energy's 1-year growth to the CA Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Crescent Point Energy'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 Crescent Point Energy Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:CPG 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 3,294.90 -2,524.30 102.60
2018-12-31 3,320.50 -2,616.90 129.60
2018-09-30 3,423.20 -282.80 172.00
2018-06-30 3,165.80 -583.90 180.30
2018-03-31 2,959.40 -334.10 174.90
2017-12-31 2,858.70 -124.00 156.30
2017-09-30 2,694.50 -578.20 138.10
2017-06-30 2,594.50 -416.10 143.20
2017-03-31 2,454.50 -725.80 143.90
2016-12-31 2,184.60 -932.70 156.30
2016-09-30 2,123.50 -804.50 161.20
2016-06-30 2,184.80 -897.30 162.20
2016-03-31 2,284.50 -911.70 158.50
2015-12-31 2,364.30 -870.20 156.10
2015-09-30 2,555.84 -366.44 149.12
2015-06-30 2,838.87 92.92 135.55
2015-03-31 3,126.98 432.01 151.62
2014-12-31 3,459.90 508.90 147.50
2014-09-30 3,436.82 373.81 149.71
2014-06-30 3,328.87 203.63 163.74
2014-03-31 3,087.71 177.38 135.47
2013-12-31 2,882.21 144.88 129.46
2013-09-30 2,725.57 63.36 106.44
2013-06-30 2,479.48 -22.17 107.70
2013-03-31 2,316.37 192.93 102.88
2012-12-31 2,226.77 190.65 98.09
2012-09-30 2,160.92 199.70 117.23

*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 Crescent Point Energy has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Crescent Point Energy has efficiently used its assets last year compared to the CA Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Crescent Point Energy 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 Crescent Point Energy'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 Oil and Gas 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.
Crescent Point Energy 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.

Health

 How is Crescent Point Energy'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 Crescent Point Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Crescent Point Energy's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Crescent Point Energy's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Crescent Point Energy'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 not covered by short term assets, assets are 0.1x 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 Crescent Point Energy Company Filings, last reported 3 months ago.

TSX:CPG Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 6,535.40 4,142.60 25.80
2018-12-31 6,612.80 4,276.70 15.30
2018-09-30 8,899.40 4,156.20 65.50
2018-06-30 8,964.60 4,277.40 9.00
2018-03-31 9,106.90 4,412.90 14.70
2017-12-31 9,162.90 4,111.00 62.40
2017-09-30 9,248.40 4,149.90 74.40
2017-06-30 9,642.20 4,081.60 55.60
2017-03-31 9,658.10 4,184.10 85.80
2016-12-31 9,591.20 3,820.70 13.40
2016-09-30 10,092.80 3,799.50 13.80
2016-06-30 9,567.90 4,233.90 4.20
2016-03-31 9,814.20 4,444.80 25.10
2015-12-31 10,125.00 4,452.00 24.70
2015-09-30 10,583.79 4,399.45 42.69
2015-06-30 10,702.52 3,985.08 20.63
2015-03-31 10,072.23 3,599.86 32.23
2014-12-31 10,160.90 2,943.10 4.00
2014-09-30 10,184.84 2,582.88 24.75
2014-06-30 9,204.28 2,682.06 30.03
2014-03-31 8,421.73 2,022.12 14.67
2013-12-31 8,500.07 1,734.11 15.94
2013-09-30 8,661.16 1,597.56
2013-06-30 8,660.58 1,648.80
2013-03-31 8,612.81 1,661.60
2012-12-31 8,594.81 1,474.59
2012-09-30 8,060.58 1,294.68 22.15
  • Crescent Point Energy's level of debt (63.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (24.1% vs 63.4% 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.

  • Whilst loss making Crescent Point Energy has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Crescent Point Energy has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 58.2% per year.
X
Financial health checks
We assess Crescent Point Energy'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. Crescent Point Energy has a total score of 2/6, 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.

Dividends

 What is Crescent Point Energy'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
1.01%
Current annual income from Crescent Point Energy dividends. Estimated to be 1.01% next year.
If you bought CA$2,000 of Crescent Point Energy shares you are expected to receive CA$20 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?
  • Crescent Point Energy's pays a lower dividend yield than the bottom 25% of dividend payers in Canada (2.08%).
  • Crescent Point Energy's dividend is below the markets top 25% of dividend payers in Canada (5.74%).
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:CPG 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 Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 37 Stocks 4.6%
Canada Market Average Dividend Yield Market Cap Weighted Average of 336 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
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:CPG Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.04 1.00
2021-12-31 0.04 1.00
2020-12-31 0.04 7.00
2019-12-31 0.04 7.00
TSX:CPG Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2019-05-09 0.040 0.904
2019-01-15 0.040 0.925
2018-12-17 0.360 8.544
2018-11-15 0.360 8.276
2018-10-15 0.360 5.838
2018-09-17 0.360 4.508
2018-08-15 0.360 4.559
2018-07-16 0.360 4.017
2018-06-15 0.360 3.714
2018-05-15 0.360 3.516
2018-04-16 0.360 3.361
2018-03-15 0.360 3.933
2018-02-15 0.360 4.032
2018-01-15 0.360 3.633
2017-12-15 0.360 3.681
2017-11-15 0.360 3.923
2017-10-16 0.360 3.613
2017-09-15 0.360 3.705
2017-08-15 0.360 4.215
2017-07-17 0.360 3.851
2017-06-15 0.360 3.657
2017-05-15 0.360 2.965
2017-04-17 0.360 2.698
2017-03-15 0.360 2.486
2017-02-15 0.360 2.399
2017-01-16 0.360 2.351
2016-12-15 0.360 2.016
2016-11-15 0.360 2.135
2016-10-17 0.360 2.220
2016-09-15 0.360 2.088
2016-08-15 0.360 1.808
2016-07-15 0.360 1.806
2016-06-15 0.360 1.782
2016-05-16 0.360 1.639
2016-04-15 0.360 1.743
2016-03-09 0.360 1.981
2016-02-16 1.200 7.200
2016-01-15 1.200 8.619
2015-12-15 1.200 8.056
2015-11-16 1.200 7.111
2015-10-15 1.200 6.587
2015-09-15 1.200 6.979
2015-07-15 2.760 16.012
2015-06-15 2.760 10.721
2015-05-15 2.760 9.785
2015-04-15 2.760 8.859
2015-03-16 2.760 9.354
2015-02-17 2.760 9.223
2015-01-15 2.760 8.966
2014-12-15 2.760 10.304
2014-11-17 2.760 9.578
2014-10-15 2.760 7.509
2014-09-15 2.760 7.010
2014-08-15 2.760 6.318
2014-07-15 2.760 6.232
2014-06-16 2.760 5.990
2014-05-15 2.760 6.177
2014-04-15 2.760 6.248
2014-03-17 2.760 6.765
2014-02-14 2.760 7.055
2014-01-15 2.760 7.118
2013-12-16 2.760 6.817
2013-11-15 2.760 6.855
2013-10-15 2.760 6.865
2013-09-16 2.760 7.152
2013-08-15 2.760 7.194
2013-07-15 2.760 7.123
2013-06-17 2.760 7.597
2013-05-15 2.760 7.417
2013-04-15 2.760 7.383
2013-03-15 2.760 7.271
2013-02-15 2.760 7.119
2013-01-15 2.760 7.105
2012-12-17 2.760 7.332
2012-11-15 2.760 7.261
2012-10-15 2.760 6.794
2012-09-17 2.760 6.365
2012-08-15 2.760 6.708
2012-07-16 2.760 6.897
2012-06-15 2.760 7.252
2012-05-15 2.760 6.919
2012-04-16 2.760 6.551
2012-03-15 2.760 6.405
2012-02-15 2.760 6.009
2012-01-16 2.760 6.013
2011-12-15 2.760 6.157
2011-11-15 2.760 6.387
2011-10-17 2.760 6.470
2011-09-15 2.760 6.887
2011-08-15 2.760 6.456
2011-07-15 2.760 6.547
2011-06-15 2.760 6.453
2011-05-16 2.760 6.114
2011-03-15 2.760 6.147
2011-02-15 2.760 6.038
2011-01-17 2.760 6.356
2010-12-15 2.760 6.321
2010-11-15 2.760 6.602
2010-10-15 2.760 6.808
2010-09-15 2.760 7.256
2010-08-16 2.760 7.448
2010-07-15 2.760 7.353
2010-05-17 2.760 7.204
2010-04-15 2.760 6.668
2010-03-15 2.760 7.005
2010-02-16 2.760 7.085
2009-10-15 2.760 7.148
2009-09-15 2.760 7.459
2009-08-17 2.760 7.626
2009-07-16 2.760 7.976
2009-06-15 18.254 56.084
2009-05-15 18.254 57.365
2009-04-15 18.254 63.076
2009-03-16 18.254 67.933
2009-02-17 18.254 79.992
2009-01-15 18.254 78.797
2008-12-15 18.254 78.116
2008-11-17 18.254 77.221
2008-10-15 18.254 70.507
2008-09-15 18.254 62.790
2008-08-15 18.254 51.286

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

  • Crescent Point Energy is not paying a notable dividend for Canada, therefore no need to check if the payments are stable.
  • Crescent Point Energy is not paying a notable dividend for Canada, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Crescent Point Energy's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Crescent Point Energy's dividends as it is not paying a notable one for Canada.
Future Payout to shareholders
  • No need to calculate the sustainability of Crescent Point Energy's dividends in 3 years as they are not expected to pay a notable one for Canada.
X
Income/ dividend checks
We assess Crescent Point Energy's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 Crescent Point Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Crescent Point Energy 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.

Management

 What is the CEO of Crescent Point Energy'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
Craig Bryksa
COMPENSATION CA$2,567,449
AGE 42
TENURE AS CEO 1.2 years
CEO Bio

Mr. Craig Bryksa has been President and Chief Executive Officer at Crescent Point Energy Corp since September 05, 2018 and has been its Director since May 2018. He served as an Interim President and CEO at at Crescent Point Energy Corp since May 29, 2018. Mr. Bryksa has been President and Chief Executive Officer at Crescent Point General Partner Corporation since September 2018 and has been its Director since September 2018. Mr. Bryksa served as Vice President of Engineering West at Crescent Point Energy Corp. since September 1, 2014. He served as the interim President at Crescent Point Energy Corp since May 2018 until September 2018.

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

Average tenure of the Crescent Point Energy management team in years:

1.1
Average Tenure
  • The average tenure for the Crescent Point Energy management team is less than 2 years, this suggests a new team.
Management Team

Craig Bryksa

TITLE
President
COMPENSATION
CA$3M
AGE
42
TENURE
1.2 yrs

Ken Lamont

TITLE
Chief Financial Officer
COMPENSATION
CA$2M
AGE
60

Ryan Chad Gritzfeldt

TITLE
Chief Operating Officer
COMPENSATION
CA$2M
TENURE
1.1 yrs

Derek Christie

TITLE
Senior Vice President of Exploration & Corporate Development
COMPENSATION
CA$2M
TENURE
0.3 yrs

Brad Borggard

TITLE
Senior Vice President of Corporate Planning & Capital Markets
COMPENSATION
CA$2M
TENURE
1.1 yrs

Shant Madian

TITLE
Vice President of Investor Relations & Corporate Communications

Mark Eade

TITLE
Senior VP
TENURE
3.8 yrs

Andrew Tuttle

TITLE
Senior Vice President of Human Resources & Corporate Services
TENURE
1.5 yrs
Board of Directors Tenure

Average tenure and age of the Crescent Point Energy board of directors in years:

1.3
Average Tenure
59
Average Age
  • The average tenure for the Crescent Point Energy board of directors is less than 3 years, this suggests a new board.
Board of Directors

Bob Heinemann

TITLE
Chairman of the Board
COMPENSATION
CA$295K
AGE
66
TENURE
1.5 yrs

Craig Bryksa

TITLE
President
COMPENSATION
CA$3M
AGE
42
TENURE
1.2 yrs

Laura Cillis

TITLE
Director
COMPENSATION
CA$237K
AGE
60
TENURE
5.5 yrs

Barb Munroe

TITLE
Director
COMPENSATION
CA$245K
AGE
55
TENURE
3.3 yrs

Mike Jackson

TITLE
Director
COMPENSATION
CA$279K
AGE
57
TENURE
2.7 yrs

Ted Goldthorpe

TITLE
Director
COMPENSATION
CA$255K
AGE
42
TENURE
2.2 yrs

Francois Langlois

TITLE
Director
COMPENSATION
CA$171K
AGE
59
TENURE
1.2 yrs

John Dielwart

TITLE
Independent Director
AGE
66
TENURE
0.3 yrs

Jim Craddock

TITLE
Director
AGE
60
TENURE
0.1 yrs

Jennifer Koury

TITLE
Director
AGE
59
TENURE
0.1 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$) Value (CA$)
12. Mar 19 Buy Mike Jackson Individual 12. Mar 19 12. Mar 19 1,000 CA$3.90 CA$3,900
13. Feb 19 Buy Lynne Murfin Professional Corporation Company 12. Feb 19 12. Feb 19 2,050 CA$3.39 CA$6,903
13. Feb 19 Buy Andrew Tuttle Individual 12. Feb 19 12. Feb 19 2,950 CA$3.39 CA$10,001
05. Feb 19 Buy Mike Jackson Individual 04. Feb 19 04. Feb 19 500 CA$3.71 CA$1,855
28. Jan 19 Buy Mike Jackson Individual 25. Jan 19 25. Jan 19 1,000 CA$4.10 CA$4,100
24. Jan 19 Buy Craig Bryksa Individual 23. Jan 19 23. Jan 19 12,000 CA$4.07 CA$48,840
24. Jan 19 Buy Brad Borggard Individual 22. Jan 19 22. Jan 19 5,000 CA$4.11 CA$20,550
18. Jan 19 Buy Mike Jackson Individual 18. Jan 19 18. Jan 19 1,000 CA$4.65 CA$4,650
30. Nov 18 Buy Andrew Tuttle Individual 29. Nov 18 30. Nov 18 5,200 CA$4.04 CA$20,634
29. Nov 18 Buy Mike Jackson Individual 29. Nov 18 29. Nov 18 1,000 CA$3.99 CA$3,990
26. Nov 18 Buy Laura Cillis Individual 21. Nov 18 21. Nov 18 4,470 CA$4.68 CA$20,817
30. Oct 18 Buy Craig Bryksa Individual 29. Oct 18 29. Oct 18 13,500 CA$6.77 CA$91,368
14. Sep 18 Sell Gerald Romanzin Individual 12. Sep 18 12. Sep 18 -761 CA$7.40 CA$-5,631
12. Sep 18 Buy Barbara Munroe Individual 12. Sep 18 12. Sep 18 165 CA$7.65 CA$1,262
10. Sep 18 Buy Craig Bryksa Individual 07. Sep 18 07. Sep 18 15,000 CA$6.80 CA$102,030
10. Sep 18 Buy Mike Jackson Individual 10. Sep 18 10. Sep 18 3,000 CA$7.19 CA$21,567
09. Sep 18 Buy Brad Borggard Individual 07. Sep 18 07. Sep 18 15,000 CA$6.87 CA$103,050
X
Management checks
We assess Crescent Point Energy'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. Crescent Point Energy 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.

News

Simply Wall St News

Investors Who Bought Crescent Point Energy (TSE:CPG) Shares Five Years Ago Are Now Down 91%

See our latest analysis for Crescent Point Energy Because Crescent Point Energy is loss-making, we think the market is probably more focussed on revenue and revenue growth, at least for now. … Over five years, Crescent Point Energy grew its revenue at 0.09% per year. … Generally speaking long term share price weakness can be a bad sign, though contrarian investors might want to research the stock in hope of a turnaround.

Simply Wall St -

Calculating The Fair Value Of Crescent Point Energy Corp. (TSE:CPG)

Using the most recent financial data, we'll take a look at whether the stock is fairly priced by taking the expected future cash flows and discounting them to their present value. … A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we need to discount the sum of these future cash flows to arrive at a present value estimate: 10-year free cash flow (FCF) forecast 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF (CA$, Millions) CA$615.71 CA$422.00 CA$314.41 CA$260.13 CA$230.21 CA$213.03 CA$203.14 CA$197.72 CA$195.19 CA$194.58 Growth Rate Estimate Source Analyst x7 Analyst x4 Est @ -25.5% Est @ -17.26% Est @ -11.5% Est @ -7.47% Est @ -4.64% Est @ -2.67% Est @ -1.28% Est @ -0.31% Present Value (CA$, Millions) Discounted @ 12.02% CA$549.66 CA$336.32 CA$223.69 CA$165.22 CA$130.53 CA$107.83 CA$91.79 CA$79.76 CA$70.29 CA$62.56 Present Value of 10-year Cash Flow (PVCF)= CA$1.82b "Est" = FCF growth rate estimated by Simply Wall St We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. … TSX:CPG Intrinsic value, May 22nd 2019 Important assumptions Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows.

Simply Wall St -

How Does Investing In Crescent Point Energy Corp. (TSE:CPG) Impact The Volatility Of Your Portfolio?

Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

How Much Are Crescent Point Energy Corp. (TSE:CPG) Insiders Spending On Buying Shares?

So shareholders might well want to know whether insiders have been buying or selling shares in Crescent Point Energy Corp. … The Last 12 Months Of Insider Transactions At Crescent Point Energy. … In total, Crescent Point Energy insiders bought more than they sold over the last year.

Simply Wall St -

Easy Come, Easy Go: How Crescent Point Energy (TSE:CPG) Shareholders Got Unlucky And Saw 90% Of Their Cash Evaporate

Anyone who held Crescent Point Energy Corp. … Crescent Point Energy isn't currently profitable, so most analysts would look to revenue growth to get an idea of how fast the underlying business is growing. … Over half a decade Crescent Point Energy reduced its trailing twelve month revenue by 0.9% for each year.

Simply Wall St -

How Many Crescent Point Energy Corp. (TSE:CPG) Shares Do Institutions Own?

(TSE:CPG), then you'll have to look at the makeup of its share registry. … It has a market capitalization of CA$2.2b, which means it would generally expect to see some institutions on the share registry. … institutions are noticeable on the share registry.

Simply Wall St -

Is Crescent Point Energy Corp. (TSE:CPG) A Strong Dividend Stock?

A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. … Does Crescent Point Energy tick all the boxes of a great dividend stock? … See our latest analysis for Crescent Point Energy

Simply Wall St -

Is Crescent Point Energy Corp. (TSE:CPG) A Volatile Stock?

(TSE:CPG), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.

Simply Wall St -

Have Insiders Been Buying Crescent Point Energy Corp. (TSE:CPG) Shares This Year?

Crescent Point Energy Insider Transactions Over The Last Year. … Over the last year, we can see that the biggest insider purchase was by Senior Vice President of Corporate Planning & Capital Markets Brad Borggard for CA$103k worth of shares, at about CA$6.87 per share. … In the last twelve months there was more buying than selling by Crescent Point Energy insiders

Simply Wall St -

What Kind Of Shareholder Appears On The Crescent Point Energy Corp's (TSE:CPG) Shareholder Register?

A look at the shareholders of Crescent Point Energy Corp (TSE:CPG) can tell us which group is most powerful. … Generally speaking, as a company grows, institutions will increase their ownership. … Crescent Point Energy isn't enormous, but it's not particularly small either.

Simply Wall St -

Company Info

Description

Crescent Point Energy Corp. explores, develops, and produces light and medium crude oil and natural gas reserves in Western Canada and the United States. The company's crude oil and natural gas properties, and related assets are located in the provinces of Saskatchewan, Alberta, British Columbia, and Manitoba; and the states of North Dakota, Montana, and Utah. Crescent Point Energy Corp. is headquartered in Calgary, Canada.

Details
Name: Crescent Point Energy Corp.
CPG
Exchange: TSX
Founded:
CA$2,178,503,876
547,362,783
Website: http://www.crescentpointenergy.com
Address: Crescent Point Energy Corp.
585–8th Avenue SW,
Suite 2000,
Calgary,
Alberta, T2P 1G1,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX CPG Common Stock The Toronto Stock Exchange CA CAD 31. Oct 2001
NYSE CPG Common Stock New York Stock Exchange US USD 31. Oct 2001
DB 016 Common Stock Deutsche Boerse AG DE EUR 31. Oct 2001
LSE 0UR7 Common Stock London Stock Exchange GB CAD 31. Oct 2001
Number of employees
Current staff
Staff numbers
1,004
Crescent Point Energy employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/17 23:50
End of day share price update: 2019/07/17 00:00
Last estimates confirmation: 2019/07/15
Last earnings filing: 2019/05/09
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.