Pinnacle Renewable Energy Inc., together with its subsidiaries, manufactures, distributes, and sells industrial wood pellets for industrial electrical power generation and home heating consumption in North America, Asia, and Europe.
Reasonable growth potential and slightly overvalued.
Share Price & News
How has Pinnacle Renewable Energy's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PL'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: PL underperformed the Canadian Oil and Gas industry which returned -33.3% over the past year.
Return vs Market: PL underperformed the Canadian Market which returned -11.3% over the past year.
Price Volatility Vs. Market
How volatile is Pinnacle Renewable Energy's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StHow Many Pinnacle Renewable Energy Inc. (TSE:PL) Shares Did Insiders Buy, In The Last Year?
1 month ago | Simply Wall StIs There An Opportunity With Pinnacle Renewable Energy Inc.'s (TSE:PL) 48% Undervaluation?
1 month ago | Simply Wall StPinnacle Renewable Energy (TSE:PL) Has Debt But No Earnings; Should You Worry?
Is Pinnacle Renewable Energy 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: PL (CA$4.18) is trading below our estimate of fair value (CA$30.89)
Significantly Below Fair Value: PL is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PL is unprofitable, so we can't compare its PE Ratio to the CA Oil and Gas industry average.
PE vs Market: PL 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 PL's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PL is overvalued based on its PB Ratio (0.9x) compared to the CA Oil and Gas industry average (0.7x).
How is Pinnacle Renewable Energy forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PL is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).
Earnings vs Market: PL is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: PL's is expected to become profitable in the next 3 years.
Revenue vs Market: PL's revenue (13.8% per year) is forecast to grow faster than the Canadian market (5.5% per year).
High Growth Revenue: PL's revenue (13.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if PL's Return on Equity is forecast to be high in 3 years time
How has Pinnacle Renewable Energy performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PL is currently unprofitable.
Growing Profit Margin: PL is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: PL is unprofitable, and losses have increased over the past 5 years at a rate of -5.7% per year.
Accelerating Growth: Unable to compare PL's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: PL is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-16.2%).
Return on Equity
High ROE: PL has a negative Return on Equity (-5.98%), as it is currently unprofitable.
How is Pinnacle Renewable Energy's financial position?
Financial Position Analysis
Short Term Liabilities: PL's short term assets (CA$103.6M) exceed its short term liabilities (CA$76.4M).
Long Term Liabilities: PL's short term assets (CA$103.6M) do not cover its long term liabilities (CA$360.7M).
Debt to Equity History and Analysis
Debt Level: PL's debt to equity ratio (170.9%) is considered high.
Reducing Debt: Insufficient data to determine if PL's debt to equity ratio has reduced over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: PL has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if PL has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
What is Pinnacle Renewable Energy current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PL's dividend (3.59%) is higher than the bottom 25% of dividend payers in the Canadian market (1.87%).
High Dividend: PL's dividend (3.59%) is low compared to the top 25% of dividend payers in the Canadian market (6.03%).
Stability and Growth of Payments
Stable Dividend: PL has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: PL has only been paying a dividend for 2 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: PL is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: PL's dividends in 3 years are not forecast to be well covered by earnings (175.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Rob McCurdy (63yo)
Mr. Robert McCurdy, also known as Rob, has been Chief Executive Officer of Pinnacle Renewable Energy Inc. (formerly known as Pinnacle Renewable Holdings Inc.) since September 2012 and had been its Director ...
CEO Compensation Analysis
Compensation vs Market: Rob's total compensation ($USD483.03K) is above average for companies of similar size in the Canadian market ($USD175.28K).
Compensation vs Earnings: Insufficient data to compare Rob's compensation with company performance.
|Chief Executive Officer||7.83yrs||CA$656.76k||no data|
|Chief Financial Officer||3.33yrs||CA$420.69k||0.15% CA$209.9k|
|Chief Operating Officer||1yr||CA$389.72k||0.084% CA$116.6k|
|Senior Vice President of Sales & Logistics||9.17yrs||CA$331.88k||0.18% CA$255.0k|
|Senior Advisor & Director||9.17yrs||CA$401.45k||3.7% CA$5.2m|
|Director of Accounting||no data||no data||no data|
|General Counsel & Corporate Secretary||2yrs||no data||0.0045% CA$6.3k|
|Director of Human Resources||4yrs||no data||0.0051% CA$7.1k|
Experienced Management: PL's management team is considered experienced (3.7 years average tenure).
|Senior Advisor & Director||9.17yrs||CA$401.45k||3.7% CA$5.2m|
|Independent Director||0.67yr||CA$7.69k||0.030% CA$41.8k|
|Independent Chair of the Board||no data||no data||no data|
|Independent Director||8.17yrs||no data||no data|
|Independent Director||0.25yr||no data||no data|
|Independent Director||2.5yrs||CA$81.00k||0.079% CA$109.5k|
|Independent Director||2.5yrs||CA$75.00k||no data|
|Independent Vice Chair of the Board||no data||CA$98.50k||0.0044% CA$6.1k|
Experienced Board: PL's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: PL 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.
Pinnacle Renewable Energy Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Pinnacle Renewable Energy Inc.
- Ticker: PL
- Exchange: TSX
- Founded: 1989
- Industry: Coal and Consumable Fuels
- Sector: Energy
- Market Cap: CA$139.443m
- Shares outstanding: 33.36m
- Website: https://www.pinnaclepellet.com
Number of Employees
- Pinnacle Renewable Energy Inc.
- 350-3600 Lysander Lane
- British Columbia
- V7B 1C3
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|506||MUN (Boerse Muenchen)||Yes||Common Shares||DE||EUR||Feb 2018|
|PL||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||Feb 2018|
|506||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Feb 2018|
|PINW.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Feb 2018|
Pinnacle Renewable Energy Inc., together with its subsidiaries, manufactures, distributes, and sells industrial wood pellets for industrial electrical power generation and home heating consumption in North America, Asia, and Europe. The company produces renewable fuel in the form of industrial wood pellets for electricity generation, which are used by utilities and large-scale power generators to produce renewable and baseload power. It also owns and operates the Westview port facility at Prince Rupert for the storage, handling, and loading of third party wood pellets. The company was formerly known as Pinnacle Renewable Holdings Inc. and changed its name to Pinnacle Renewable Energy Inc. in December 2018. Pinnacle Renewable Energy Inc. was founded in 1989 and is headquartered in Richmond, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/13 00:06|
|End of Day Share Price||2020/07/10 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.