TSX:CSM

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ClearStream Energy Services

Executive Summary

ClearStream Energy Services Inc. provides midstream production services in Canada and the United States. More Details


Snowflake Analysis

Slightly overvalued with imperfect balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: CSM is more volatile than 90% of Canadian stocks over the past 3 months, typically moving +/- 31% a week.

Volatility Over Time: CSM's weekly volatility (31%) has been stable over the past year, but is still higher than 75% of Canadian stocks.


Market Performance


7 Day Return

0%

CSM

11.3%

CA Energy Services

2.8%

CA Market


1 Year Return

-58.3%

CSM

-39.7%

CA Energy Services

-0.3%

CA Market

Return vs Industry: CSM underperformed the Canadian Energy Services industry which returned -39.5% over the past year.

Return vs Market: CSM underperformed the Canadian Market which returned -0.5% over the past year.


Shareholder returns

CSMIndustryMarket
7 Day0%11.3%2.8%
30 Day0%29.1%10.0%
90 Day-28.6%20.3%5.7%
1 Year-58.3%-58.3%-37.3%-39.7%3.3%-0.3%
3 Year-75.0%-75.0%-64.1%-67.4%12.2%1.3%
5 Year-82.1%-82.1%-56.6%-63.1%49.1%26.2%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CSM (CA$0.03) is trading below our estimate of fair value (CA$26.74)

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


Price To Earnings Ratio

PE vs Industry: CSM is unprofitable, so we can't compare its PE Ratio to the CA Energy Services industry average.

PE vs Market: CSM is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: CSM has negative assets, so we can't compare its PB Ratio to the CA Energy Services industry average.


Next Steps

Future Growth

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

15.4%

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 ClearStream Energy Services 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.


Next Steps

Past Performance

How has ClearStream Energy Services performed over the past 5 years?

28.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CSM is currently unprofitable.

Growing Profit Margin: CSM is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CSM is unprofitable, but has reduced losses over the past 5 years at a rate of 28.9% per year.

Accelerating Growth: Unable to compare CSM's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CSM is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (-54.8%).


Return on Equity

High ROE: CSM's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is ClearStream Energy Services's financial position?


Financial Position Analysis

Short Term Liabilities: CSM has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: CSM has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: CSM has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: CSM's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet


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.

Stable Cash Runway: Whilst unprofitable CSM has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: CSM is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 7% per year.


Next Steps

Dividend

What is ClearStream Energy Services's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate CSM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate CSM's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if CSM's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CSM's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: CSM is not paying a notable dividend for the Canadian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CSM's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

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

2.8yrs

Average management tenure


CEO

Yves Paletta (55 yo)

2.25yrs

Tenure

CA$1,075,961

Compensation

Mr. Yves F. Paletta serves as Director at ClearStream Energy Services Inc. since June 19, 2020. He has been the Chief Executive Officer at ClearStream Energy Services Inc. since August 20, 2018. He joined ...


CEO Compensation Analysis

Compensation vs Market: Yves's total compensation ($USD826.61K) is above average for companies of similar size in the Canadian market ($USD166.12K).

Compensation vs Earnings: Yves's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Yves Paletta
CEO & Director2.25yrsCA$1.08m0.091%
CA$ 2.5k
David Watt
Chief Financial Officer2yrsCA$520.56kno data
Neil Wotton
Chief Operating Officer4yrsCA$633.06kno data
Barry Card
Chief Commercial Officer3.17yrsCA$580.30kno data
Herb Thomas
Vice President of Operations - Flint & ClearStream Contracting5.75yrsCA$349.36kno data
Murray Desrosiers
Senior VP & General Counsel1.17yrsno datano data
Deloris Hetherington
Vice President of Human Resources2.83yrsno datano data

2.8yrs

Average Tenure

Experienced Management: CSM's management team is considered experienced (2.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Yves Paletta
CEO & Director2.25yrsCA$1.08m0.091%
CA$ 2.5k
Dean MacDonald
Director11.92yrsCA$475.00k9.8%
CA$ 269.4k
Sean McMaster
Independent Non-Executive Chairman1.83yrsCA$150.00k0.23%
CA$ 6.3k
Karl Johannson
Independent Director1.75yrsCA$79.17k0.26%
CA$ 7.1k
Herbert Clarke
Independent Director7.08yrsCA$105.00k0.40%
CA$ 10.9k
Jordan Bitove
Independent Director7yrsCA$100.00k0.021%
CA$ 575.0

4.4yrs

Average Tenure

57yo

Average Age

Experienced Board: CSM's board of directors are considered experienced (4.4 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

ClearStream Energy Services Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: ClearStream Energy Services Inc.
  • Ticker: CSM
  • Exchange: TSX
  • Founded: 2012
  • Industry: Oil and Gas Equipment and Services
  • Sector: Energy
  • Market Cap: CA$2.750m
  • Shares outstanding: 109.99m
  • Website: https://www.clearstreamenergy.ca

Number of Employees


Location

  • ClearStream Energy Services Inc.
  • 311 – 6th Avenue SW
  • Suite 415
  • Calgary
  • Alberta
  • T2P 3H2
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CSMTSX (The Toronto Stock Exchange)YesCommon SharesCACADAug 2005
NWPI.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDAug 2005

Biography

ClearStream Energy Services Inc. provides midstream production services in Canada and the United States. The company operates construction services, wear technologies, and environmental services segments. ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/26 23:58
End of Day Share Price2020/11/26 00:00
Earnings2020/09/30
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.