Peyto Exploration & Development Corp., an energy company, engages in the acquisition, exploration, development, and production of oil and natural gas, and natural gas liquids in Deep Basin of Alberta.
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Undervalued unattractive dividend payer.
Share Price & News
How has Peyto Exploration & Development's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PEY's share price has been volatile over the past 3 months.
7 Day Return
CA Oil and Gas
1 Year Return
CA Oil and Gas
Return vs Industry: PEY underperformed the Canadian Oil and Gas industry which returned -30% over the past year.
Return vs Market: PEY underperformed the Canadian Market which returned -12.4% over the past year.
Price Volatility Vs. Market
How volatile is Peyto Exploration & Development's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StDo These 3 Checks Before Buying Peyto Exploration & Development Corp. (TSE:PEY) For Its Upcoming Dividend
3 weeks ago | Simply Wall StHow Do Peyto Exploration & Development Corp.’s (TSE:PEY) Returns Compare To Its Industry?
1 month ago | Simply Wall StPeyto Exploration & Development (TSE:PEY) Use Of Debt Could Be Considered Risky
Is Peyto Exploration & Development undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PEY (CA$1.82) is trading below our estimate of fair value (CA$2.96)
Significantly Below Fair Value: PEY is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PEY is good value based on its PE Ratio (7.3x) compared to the Oil and Gas industry average (11.4x).
PE vs Market: PEY is good value based on its PE Ratio (7.3x) compared to the Canadian market (13.1x).
Price to Earnings Growth Ratio
PEG Ratio: PEY's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: PEY is good value based on its PB Ratio (0.2x) compared to the CA Oil and Gas industry average (0.7x).
How is Peyto Exploration & Development forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PEY's earnings are forecast to decline over the next 3 years (-88% per year).
Earnings vs Market: PEY's earnings are forecast to decline over the next 3 years (-88% per year).
High Growth Earnings: PEY's earnings are forecast to decline over the next 3 years.
Revenue vs Market: PEY's revenue is expected to decline over the next 3 years (-5.4% per year).
High Growth Revenue: PEY's revenue is forecast to decline over the next 3 years (-5.4% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if PEY's Return on Equity is forecast to be high in 3 years time
How has Peyto Exploration & Development performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PEY has a large one-off loss of CA$79.7M impacting its March 31 2010 financial results.
Growing Profit Margin: PEY's current net profit margins (9.6%) are lower than last year (23%).
Past Earnings Growth Analysis
Earnings Trend: PEY's earnings have declined by -7.3% per year over the past 5 years.
Accelerating Growth: PEY's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: PEY had negative earnings growth (-61.9%) over the past year, making it difficult to compare to the Oil and Gas industry average (-16.2%).
Return on Equity
High ROE: PEY's Return on Equity (2.5%) is considered low.
How is Peyto Exploration & Development's financial position?
Financial Position Analysis
Short Term Liabilities: PEY's short term assets (CA$61.2M) do not cover its short term liabilities (CA$96.1M).
Long Term Liabilities: PEY's short term assets (CA$61.2M) do not cover its long term liabilities (CA$1.8B).
Debt to Equity History and Analysis
Debt Level: PEY's debt to equity ratio (68.9%) is considered high.
Reducing Debt: PEY's debt to equity ratio has increased from 66.1% to 68.9% over the past 5 years.
Debt Coverage: PEY's debt is well covered by operating cash flow (25.8%).
Interest Coverage: PEY's interest payments on its debt are not well covered by EBIT (1.5x coverage).
What is Peyto Exploration & Development current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PEY's dividend (2.2%) is higher than the bottom 25% of dividend payers in the Canadian market (1.91%).
High Dividend: PEY's dividend (2.2%) is low compared to the top 25% of dividend payers in the Canadian market (6.02%).
Stability and Growth of Payments
Stable Dividend: PEY has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: PEY has only been paying a dividend for 9 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (96.9%), PEY's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PEY's dividends in 3 years are forecast to be well covered by earnings (36.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Darren Gee (52yo)
Mr. Darren Gee has been the Chief Executive Officer of Peyto Exploration & Development Corp since January 1, 2007 and its President since August 2006. Mr. Gee served as Chief Executive Officer and Presiden ...
CEO Compensation Analysis
Compensation vs Market: Darren's total compensation ($USD1.10M) is above average for companies of similar size in the Canadian market ($USD730.60K).
Compensation vs Earnings: Darren's compensation has been consistent with company performance over the past year.
|VP of Finance||2.17yrs||CA$931.88k||0.052% CA$155.8k|
|VP of Engineering & COO||2.42yrs||CA$1.29m||0.067% CA$201.6k|
|Vice President of Exploration||9.67yrs||CA$1.08m||0.15% CA$462.0k|
|Corporate Secretary||20.5yrs||CA$33.60k||no data|
|Vice President of Business Development||no data||CA$848.94k||0.098% CA$293.9k|
|Vice President of Land||8.5yrs||CA$582.22k||0.034% CA$102.6k|
|Vice President of Drilling & Completions||5.5yrs||CA$943.86k||0.061% CA$182.0k|
|Vice President of Production||5.5yrs||CA$763.69k||0.018% CA$54.2k|
|Manager of Human Resources||no data||no data||no data|
Experienced Management: PEY's management team is seasoned and experienced (9.1 years average tenure).
|VP of Finance||2.17yrs||CA$931.88k||0.052% CA$155.8k|
|Independent Director||13.5yrs||CA$101.40k||0.012% CA$34.6k|
|Independent Chairman of the Board||11.17yrs||CA$140.40k||0.58% CA$1.7m|
|Lead Independent Director||11.5yrs||CA$109.20k||0.066% CA$197.5k|
|Independent Director||1.17yrs||CA$60.00k||0.058% CA$172.9k|
|Independent Director||13.92yrs||CA$101.40k||0.088% CA$265.1k|
Experienced Board: PEY's board of directors are seasoned and experienced ( 11.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: PEY insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Peyto Exploration & Development Corp.'s company bio, employee growth, exchange listings and data sources
- Name: Peyto Exploration & Development Corp.
- Ticker: PEY
- Exchange: TSX
- Founded: 1998
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Market Cap: CA$300.071m
- Shares outstanding: 164.87m
- Website: https://www.peyto.com
Number of Employees
- Peyto Exploration & Development Corp.
- 600 – 3rd Avenue SW
- Suite 300
- T2P 0G5
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|PEY||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||Aug 2006|
|PXK||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Aug 2006|
|PEYU.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Aug 2006|
|PXK||BST (Boerse-Stuttgart)||Yes||Common Shares||DE||EUR||Aug 2006|
|0VCO||LSE (London Stock Exchange)||Yes||Common Shares||GB||CAD||Aug 2006|
Peyto Exploration & Development Corp., an energy company, engages in the acquisition, exploration, development, and production of oil and natural gas, and natural gas liquids in Deep Basin of Alberta. As of December 31, 2019, it had a total proved plus probable reserves of 815 million barrels of oil equivalent. The company was formerly known as Peyto Energy Trust and changed its name to Peyto Exploration & Development Corp. in January 2011. Peyto Exploration & Development Corp. was founded in 1998 and is headquartered in Calgary, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/04 23:50|
|End of Day Share Price||2020/07/03 00:00|
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.