Parkland Fuel Corporation operates as a marketer, distributor, and refiner of fuel and petroleum products in Canada and the United States.
+ 1 more risk
Solid track record average dividend payer.
Share Price & News
How has Parkland Fuel's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PKI'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: PKI exceeded the Canadian Oil and Gas industry which returned -44.8% over the past year.
Return vs Market: PKI underperformed the Canadian Market which returned -24.5% over the past year.
Price Volatility Vs. Market
How volatile is Parkland Fuel's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall StParkland Fuel Corporation (TSE:PKI) Vies For A Place In Your Dividend Portfolio: Here's Why
2 weeks ago | Simply Wall StWhat Is Parkland Fuel's (TSE:PKI) P/E Ratio After Its Share Price Tanked?
1 month ago | Simply Wall StWhat Kind Of Shareholders Own Parkland Fuel Corporation (TSE:PKI)?
Is Parkland Fuel 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: PKI (CA$25.05) is trading below our estimate of fair value (CA$51.93)
Significantly Below Fair Value: PKI is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PKI is poor value based on its PE Ratio (9.6x) compared to the Oil and Gas industry average (6x).
PE vs Market: PKI is good value based on its PE Ratio (9.6x) compared to the Canadian market (10.3x).
Price to Earnings Growth Ratio
PEG Ratio: PKI's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: PKI is overvalued based on its PB Ratio (1.9x) compared to the CA Oil and Gas industry average (0.4x).
How is Parkland Fuel forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PKI's earnings are forecast to decline over the next 3 years (-4.4% per year).
Earnings vs Market: PKI's earnings are forecast to decline over the next 3 years (-4.4% per year).
High Growth Earnings: PKI's earnings are forecast to decline over the next 3 years.
Revenue vs Market: PKI's revenue (1.5% per year) is forecast to grow slower than the Canadian market (3.8% per year).
High Growth Revenue: PKI's revenue (1.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PKI's Return on Equity is forecast to be low in 3 years time (12.5%).
How has Parkland Fuel performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PKI has high quality earnings.
Growing Profit Margin: PKI's current net profit margins (2.1%) are higher than last year (1.4%).
Past Earnings Growth Analysis
Earnings Trend: PKI's earnings have grown significantly by 50.6% per year over the past 5 years.
Accelerating Growth: PKI's earnings growth over the past year (85.4%) exceeds its 5-year average (50.6% per year).
Earnings vs Industry: PKI earnings growth over the past year (85.4%) exceeded the Oil and Gas industry -2.5%.
Return on Equity
High ROE: PKI's Return on Equity (17.9%) is considered low.
How is Parkland Fuel's financial position?
Financial Position Analysis
Short Term Liabilities: PKI's short term assets (CA$2.2B) exceed its short term liabilities (CA$1.9B).
Long Term Liabilities: PKI's short term assets (CA$2.2B) do not cover its long term liabilities (CA$5.1B).
Debt to Equity History and Analysis
Debt Level: PKI's debt to equity ratio (147.8%) is considered high.
Reducing Debt: PKI's debt to equity ratio has increased from 85.4% to 147.8% over the past 5 years.
Debt Coverage: PKI's debt is well covered by operating cash flow (26.3%).
Interest Coverage: PKI's interest payments on its debt are well covered by EBIT (3.4x coverage).
Inventory Level: PKI has a high level of physical assets or inventory.
Debt Coverage by Assets: PKI's debt is not covered by short term assets (assets are 0.6x debt).
What is Parkland Fuel's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PKI's dividend (4.85%) is higher than the bottom 25% of dividend payers in the Canadian market (2.71%).
High Dividend: PKI's dividend (4.85%) is low compared to the top 25% of dividend payers in the Canadian market (8.69%).
Stability and Growth of Payments
Stable Dividend: PKI's dividends per share have been stable in the past 10 years.
Growing Dividend: PKI's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (45.8%), PKI's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PKI's dividends in 3 years are forecast to be covered by earnings (62.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Bob Espey (53yo)
Mr. Robert Berthold Espey, also known as Bob, has been the President at Parkland Fuel Corporation since March 15, 2011 and its Chief Executive Officer since May 01, 2011. Mr. Espey served as Transition Co ...
CEO Compensation Analysis
Compensation vs Market: Bob's total compensation ($USD2.68M) is about average for companies of similar size in the Canadian market ($USD2.88M).
Compensation vs Earnings: Bob's compensation has increased by more than 20% in the past year.
|President of Parkland International||1.42yrs||CA$1.26m||0.038% CA$1.4m|
|President of Parkland USA||2.25yrs||CA$2.21m||0.048% CA$1.8m|
|Senior Vice President of Supply||1.42yrs||CA$2.13m||0.036% CA$1.3m|
|Interim CFO||0.25yr||CA$976.54k||0.033% CA$1.2m|
|Director of Investor Relations||no data||no data||no data|
|VP, Senior General Counsel||2.67yrs||no data||0.017% CA$632.7k|
|Director of Corporate Communications||no data||no data||no data|
|Senior Vice President of People & Culture||1.42yrs||no data||0.014% CA$516.4k|
|Senior Vice President of Strategic Marketing & Innovation||1.17yrs||no data||0.031% CA$1.2m|
Experienced Management: PKI's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.
|Independent Director||5.83yrs||CA$198.44k||0.0011% CA$42.7k|
|Independent Director||13.58yrs||CA$204.30k||0.032% CA$1.2m|
|Independent Director||5.17yrs||CA$171.85k||0.0038% CA$142.7k|
|Chairman Emeritus||no data||no data||no data|
|Independent Chairman||14.83yrs||CA$405.29k||0.20% CA$7.5m|
|Independent Director||2.58yrs||CA$166.26k||0.0015% CA$54.6k|
|Non-Independent Director||14.83yrs||CA$185.80k||0.0095% CA$351.8k|
|Independent Director||3.83yrs||CA$194.91k||0.0034% CA$125.2k|
|Independent Director||4.67yrs||CA$170.89k||0.18% CA$6.8m|
Experienced Board: PKI's board of directors are considered experienced (5.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: PKI insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 11%.
Parkland Fuel Corporation's company bio, employee growth, exchange listings and data sources
- Name: Parkland Fuel Corporation
- Ticker: PKI
- Exchange: TSX
- Founded: 1977
- Industry: Oil and Gas Refining and Marketing
- Sector: Energy
- Market Cap: CA$3.715b
- Shares outstanding: 148.31m
- Website: https://www.parkland.ca
Number of Employees
- Parkland Fuel Corporation
- 240-4 Avenue SW
- Suite 1800
- T2P 4H4
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|PKI||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||Sep 1982|
|PKIU.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Sep 1982|
|PF6||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Sep 1982|
Parkland Fuel Corporation operates as a marketer, distributor, and refiner of fuel and petroleum products in Canada and the United States. The company’s Retail segment supplies and supports a network of 1,855 retail gas stations under the Ultramar, Esso, Fas Gas Plus, Pioneer, Chevron, and Race Trac, as well as operates convenience stores under the On the Run/Marché Express brand. Its Commercial segment offers bulk fuel, propane, heating oil, lubricants, agricultural inputs, oilfield fluids, and other related products and services to commercial, industrial, and residential customers in various industries, such as oil and gas, construction, mining, forestry, fishing, and transportation. Its brands include Bluewave Energy, Columbia Fuels, Sparlings Propane, Island Petroleum, Propane Nord-Ouest, PNE Propane, Sol Petroleum, Chevron, and Ultramar. The company’s Supply segment manages fuel supply contracts; purchases fuel from refiners, refines fuel, and distributes fuel through rail and highway carriers to wholesale and reseller customers. This segment also offers gasoline and diesel; liquid petroleum gas, such as propane and butane; and other fuel and petroleum products, which include crude oil, aviation fuel, asphalt, fuel oils, gas oils, ethanol, and biodiesel. Its Parkland USA segment operates retail service stations; and delivers gasoline, distillates, propane, and lubricating oils under the SPF Energy, Farstad Oil, Superpumper, and Rhinehart brands. The company was founded in 1977 and is headquartered in Calgary, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/31 01:52|
|End of Day Share Price||2020/03/30 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.