TSX:IPCO

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International Petroleum

Executive Summary

International Petroleum Corporation explores for, develops, and produces oil and gas. More Details


Snowflake Analysis

Reasonable growth potential and fair value.

Share Price & News

How has International Petroleum's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: IPCO's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-4.8%

IPCO

-1.8%

CA Oil and Gas

-1.2%

CA Market


1 Year Return

-53.1%

IPCO

-34.8%

CA Oil and Gas

-5.5%

CA Market

Return vs Industry: IPCO underperformed the Canadian Oil and Gas industry which returned -34.8% over the past year.

Return vs Market: IPCO underperformed the Canadian Market which returned -5.5% over the past year.


Shareholder returns

IPCOIndustryMarket
7 Day-4.8%-1.8%-1.2%
30 Day-8.8%-3.7%0.4%
90 Day-18.0%-12.8%-0.3%
1 Year-53.1%-53.1%-31.2%-34.8%-2.1%-5.5%
3 Year-61.4%-61.4%-38.6%-46.1%3.9%-6.2%
5 Yearn/a-32.8%-44.5%32.3%12.0%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is International Petroleum 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: IPCO (CA$2.18) is trading below our estimate of fair value (CA$4.96)

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


Price To Earnings Ratio

PE vs Industry: IPCO is poor value based on its PE Ratio (84x) compared to the CA Oil and Gas industry average (14.9x).

PE vs Market: IPCO is poor value based on its PE Ratio (84x) compared to the Canadian market (16x).


Price to Earnings Growth Ratio

PEG Ratio: IPCO is poor value based on its PEG Ratio (1.1x)


Price to Book Ratio

PB vs Industry: IPCO 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 International Petroleum forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

77.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IPCO's forecast earnings growth (77.1% per year) is above the savings rate (1.7%).

Earnings vs Market: IPCO's earnings (77.1% per year) are forecast to grow faster than the Canadian market (22.8% per year).

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

Revenue vs Market: IPCO's revenue (9.3% per year) is forecast to grow faster than the Canadian market (5.8% per year).

High Growth Revenue: IPCO's revenue (9.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: IPCO's Return on Equity is forecast to be low in 3 years time (5.4%).


Next Steps

Past Performance

How has International Petroleum performed over the past 5 years?

70.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IPCO has high quality earnings.

Growing Profit Margin: IPCO's current net profit margins (0.8%) are lower than last year (23.5%).


Past Earnings Growth Analysis

Earnings Trend: IPCO has become profitable over the past 5 years, growing earnings by 70.4% per year.

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

Earnings vs Industry: IPCO had negative earnings growth (-97.2%) over the past year, making it difficult to compare to the Oil and Gas industry average (-50.9%).


Return on Equity

High ROE: IPCO's Return on Equity (0.4%) is considered low.


Next Steps

Financial Health

How is International Petroleum's financial position?


Financial Position Analysis

Short Term Liabilities: IPCO's short term assets ($75.9M) do not cover its short term liabilities ($95.5M).

Long Term Liabilities: IPCO's short term assets ($75.9M) do not cover its long term liabilities ($549.4M).


Debt to Equity History and Analysis

Debt Level: IPCO's debt to equity ratio (49%) is considered high.

Reducing Debt: Insufficient data to determine if IPCO's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: IPCO's debt is well covered by operating cash flow (47.6%).

Interest Coverage: IPCO's interest payments on its debt are not well covered by EBIT (1.1x coverage).


Balance Sheet


Next Steps

Dividend

What is International Petroleum current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate IPCO'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 IPCO's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of IPCO'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?

3.5yrs

Average management tenure


CEO

Mike Nicholson (49 yo)

3.5yrs

Tenure

US$2,630,180

Compensation

Mr. Mike Nicholson serves as Chief Executive Officer and President since April 2017 and Director of International Petroleum Corporation since February 20, 2017. Mr. Nicholson served as the Chief Financial ...


CEO Compensation Analysis

Compensation vs Market: Mike's total compensation ($USD1.53M) is above average for companies of similar size in the Canadian market ($USD671.54K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Mike Nicholson
President3.5yrsUS$2.63m0.30%
$ 1.0m
Christophe Nerguararian
Chief Financial Officer3.5yrsUS$1.62m0.083%
$ 288.7k
Daniel Fitzgerald
Chief Operating Officer3.5yrsUS$1.20m0.0097%
$ 33.5k
Rebecca Gordon
Vice President of Corporate Planning & Investor Relations3.5yrsUS$901.86k0.0090%
$ 31.2k
Jeffrey Fountain
General Counsel & Corporate Secretary3.5yrsUS$1.46m0.12%
$ 432.0k
Christopher Hogue
Senior Vice President of Canada1.83yrsno data0.82%
$ 2.8m
Edward Sobel
Vice President of Exploration1.83yrsno data1.13%
$ 3.9m

3.5yrs

Average Tenure

49yo

Average Age

Experienced Management: IPCO's management team is considered experienced (3.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Mike Nicholson
President3.5yrsUS$2.63m0.30%
$ 1.0m
Donald Charter
Independent Director3.58yrsUS$181.84k0.047%
$ 161.3k
Charles Ashley Heppenstall
Independent Chairman of the Board0.42yrUS$162.36k0.73%
$ 2.5m
Daniella Dimitrov
Independent Director2.42yrsUS$162.36kno data
Torstein Sanness
Independent Director3.58yrsUS$149.32k0.016%
$ 55.8k
Chris Bruijnzeels
Independent Director3.58yrsUS$123.39k0.032%
$ 111.5k
L. Lundin
Independent Director0.42yrno datano data

3.6yrs

Average Tenure

59.5yo

Average Age

Experienced Board: IPCO's board of directors are considered experienced (3.6 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

International Petroleum Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: International Petroleum Corporation
  • Ticker: IPCO
  • Exchange: TSX
  • Founded: 2017
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: CA$346.414m
  • Shares outstanding: 155.34m
  • Website: https://www.international-petroleum.com

Number of Employees


Location

  • International Petroleum Corporation
  • 885 West Georgia Street
  • Suite 2000
  • Vancouver
  • British Columbia
  • V6C 3E8
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IPCOTSX (The Toronto Stock Exchange)YesCommon SharesCACADApr 2017
IPCOOM (OMX Nordic Exchange Stockholm)YesCommon SharesSESEKApr 2017
IPTDB (Deutsche Boerse AG)YesCommon SharesDEEURApr 2017
IPCF.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDApr 2017
0V1LLSE (London Stock Exchange)YesCommon SharesGBSEKApr 2017
IPCO NBMV (Bolsa Mexicana de Valores)YesCommon SharesMXMXNApr 2017
IPCOSBATS-CHIXE (BATS 'Chi-X Europe')YesCommon SharesGBSEKApr 2017

Biography

International Petroleum Corporation explores for, develops, and produces oil and gas. The company holds interests in a portfolio of oil and gas assets located in Alberta and Saskatchewan, Canada; Bertam, M ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/27 00:49
End of Day Share Price2020/10/26 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.