TSX:KEL

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Kelt Exploration

Executive Summary

Kelt Exploration Ltd., an oil and gas company, engages in the exploration, development, and production of crude oil and natural gas resources primarily in northwestern Alberta and northeastern British Columbia, Canada. More Details


Snowflake Analysis

Adequate balance sheet and overvalued.

Share Price & News

How has Kelt Exploration's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: KEL is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: KEL's weekly volatility (9%) has been stable over the past year.


Market Performance


7 Day Return

-1.5%

KEL

1.6%

CA Oil and Gas

0.8%

CA Market


1 Year Return

-57.6%

KEL

-23.6%

CA Oil and Gas

2.0%

CA Market

Return vs Industry: KEL underperformed the Canadian Oil and Gas industry which returned -24.6% over the past year.

Return vs Market: KEL underperformed the Canadian Market which returned 1.8% over the past year.


Shareholder returns

KELIndustryMarket
7 Day-1.5%1.6%0.8%
30 Day25.7%24.6%10.5%
90 Day19.4%9.1%9.7%
1 Year-57.6%-57.6%-19.2%-23.6%5.7%2.0%
3 Year-72.7%-72.7%-23.0%-32.7%13.9%2.9%
5 Year-46.2%-46.2%0.1%-17.4%58.5%34.3%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Kelt Exploration undervalued compared to its fair value and its price relative to the market?

0.62x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: KEL (CA$1.91) is trading above our estimate of fair value (CA$0.04)

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


Price To Earnings Ratio

PE vs Industry: KEL is unprofitable, so we can't compare its PE Ratio to the CA Oil and Gas industry average.

PE vs Market: KEL 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 KEL's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: KEL is good value based on its PB Ratio (0.6x) compared to the CA Oil and Gas industry average (1x).


Next Steps

Future Growth

How is Kelt Exploration forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

-20.0%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if KEL's forecast earnings growth is above the savings rate (1.7%).

Earnings vs Market: Insufficient data to determine if KEL's earnings are forecast to grow faster than the Canadian market

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

Revenue vs Market: KEL's revenue is expected to decline over the next 3 years (-20% per year).

High Growth Revenue: KEL's revenue is forecast to decline over the next 3 years (-20% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: KEL is forecast to be unprofitable in 3 years.


Next Steps

Past Performance

How has Kelt Exploration performed over the past 5 years?

-9.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: KEL is currently unprofitable.

Growing Profit Margin: KEL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: KEL is unprofitable, and losses have increased over the past 5 years at a rate of 9.6% per year.

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

Earnings vs Industry: KEL is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-52.6%).


Return on Equity

High ROE: KEL has a negative Return on Equity (-61.27%), as it is currently unprofitable.


Next Steps

Financial Health

How is Kelt Exploration's financial position?


Financial Position Analysis

Short Term Liabilities: KEL's short term assets (CA$168.8M) exceed its short term liabilities (CA$131.1M).

Long Term Liabilities: KEL's short term assets (CA$168.8M) exceed its long term liabilities (CA$116.8M).


Debt to Equity History and Analysis

Debt Level: KEL's debt to equity ratio (15.6%) is considered satisfactory.

Reducing Debt: KEL's debt to equity ratio has reduced from 15.9% to 15.6% over the past 5 years.


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: Insufficient data to determine if KEL has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if KEL has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Kelt Exploration current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if KEL'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 KEL'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?

8.2yrs

Average management tenure


CEO

David Wilson (60 yo)

8.17yrs

Tenure

CA$302,480

Compensation

Mr. David John Wilson has been the Chief Executive Officer and President of Kelt Exploration Ltd. since October 11, 2012. Mr. Wilson was President and the Chief Executive Officer of Celtic Exploration Ltd....


Leadership Team

NamePositionTenureCompensationOwnership
David Wilson
CEO, President & Director8.17yrsCA$302.48k11.32%
CA$ 38.6m
Sadiq Lalani
VP & CFO8.17yrsCA$388.61k0.92%
CA$ 3.2m
Douglas MacArthur
Vice President of Operations8.17yrsCA$366.39k0.50%
CA$ 1.7m
Douglas Errico
Senior VP of Land & Corporate Development0.083yrCA$366.39k0.25%
CA$ 839.5k
Patrick W. Miles
Vice President of Exploration8.17yrsCA$366.39k0.45%
CA$ 1.5m
Carol Van Brunschot
Vice President of Marketing2.42yrsno data0.015%
CA$ 52.1k
Louise Lee
Company Secretary0.083yrno datano data

8.2yrs

Average Tenure

Experienced Management: KEL's management team is seasoned and experienced (8.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
David Wilson
CEO, President & Director8.17yrsCA$302.48k11.32%
CA$ 38.6m
William Guinan
Chairman of the Boardno dataCA$48.68k0.61%
CA$ 2.1m
Neil Sinclair
Independent Director8.17yrsCA$48.68k1.34%
CA$ 4.6m
Michael Shea
Independent Director2.67yrsCA$103.97k0.29%
CA$ 985.2k
Geraldine Greenall
Independent Director3yrsCA$48.68k0.020%
CA$ 69.7k

5.6yrs

Average Tenure

62yo

Average Age

Experienced Board: KEL's board of directors are considered experienced (5.6 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: KEL insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.3%.


Top Shareholders

Company Information

Kelt Exploration Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Kelt Exploration Ltd.
  • Ticker: KEL
  • Exchange: TSX
  • Founded: 2012
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: CA$341.194m
  • Shares outstanding: 188.50m
  • Website: https://www.keltexploration.com

Number of Employees


Location

  • Kelt Exploration Ltd.
  • East Tower
  • Suite 300
  • Calgary
  • Alberta
  • T2P 3H2
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KELTSX (The Toronto Stock Exchange)YesCommon SharesCACADMar 2013
KELT.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDMar 2013
2KEDB (Deutsche Boerse AG)YesCommon SharesDEEURMar 2013

Biography

Kelt Exploration Ltd., an oil and gas company, engages in the exploration, development, and production of crude oil and natural gas resources primarily in northwestern Alberta and northeastern British Colu...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/05 00:01
End of Day Share Price2020/12/04 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.