company background image
PNE

Pine Cliff Energy TSX:PNE Stock Report

Last Price

CA$1.46

Market Cap

CA$507.8m

7D

-3.9%

1Y

265.0%

Updated

03 Jul, 2022

Data

Company Financials
PNE fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance3/6
Financial Health3/6
Dividends2/6

PNE Stock Overview

Pine Cliff Energy Ltd. engages in the acquisition, exploration, development, and production of natural gas and oil in the Western Canadian Sedimentary Basin.

Pine Cliff Energy Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Pine Cliff Energy
Historical stock prices
Current Share PriceCA$1.46
52 Week HighCA$2.05
52 Week LowCA$0.33
Beta0.79
1 Month Change-25.13%
3 Month Change17.74%
1 Year Change265.00%
3 Year Change711.11%
5 Year Change114.71%
Change since IPO217.39%

Recent News & Updates

Shareholder Returns

PNECA Oil and GasCA Market
7D-3.9%1.5%-0.8%
1Y265.0%33.7%-5.0%

Return vs Industry: PNE exceeded the Canadian Oil and Gas industry which returned 33.7% over the past year.

Return vs Market: PNE exceeded the Canadian Market which returned -5% over the past year.

Price Volatility

Is PNE's price volatile compared to industry and market?
PNE volatility
PNE Average Weekly Movement9.0%
Oil and Gas Industry Average Movement10.6%
Market Average Movement10.1%
10% most volatile stocks in CA Market17.4%
10% least volatile stocks in CA Market4.4%

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

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

About the Company

FoundedEmployeesCEOWebsite
200478Phil Hodgehttps://www.pinecliffenergy.com

Pine Cliff Energy Ltd. engages in the acquisition, exploration, development, and production of natural gas and oil in the Western Canadian Sedimentary Basin. It primarily holds interests in natural gas assets in the Southern and Edson areas; and oil and natural gas assets in the Viking Kinsella and Ghost Pine area of Central Alberta. The coampny also holds interests in natural gas liquids assets in the Sundance, Carstairs, Garrington, and Harmattan areas of Alberta; and natural gas assets in the Cadillac area of Southern Saskatchewan.

Pine Cliff Energy Fundamentals Summary

How do Pine Cliff Energy's earnings and revenue compare to its market cap?
PNE fundamental statistics
Market CapCA$507.78m
Earnings (TTM)CA$97.53m
Revenue (TTM)CA$176.99m

5.2x

P/E Ratio

2.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PNE income statement (TTM)
RevenueCA$176.99m
Cost of RevenueCA$84.57m
Gross ProfitCA$92.41m
Other Expenses-CA$5.12m
EarningsCA$97.53m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.28
Gross Margin52.22%
Net Profit Margin55.11%
Debt/Equity Ratio52.0%

How did PNE perform over the long term?

See historical performance and comparison

Dividends

6.8%

Current Dividend Yield

n/a

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is PNE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PNE?

Other financial metrics that can be useful for relative valuation.

PNE key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue3x
Enterprise Value/EBITDA6.3x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does PNE's PE Ratio compare to its peers?

PNE PE Ratio vs Peers
The above table shows the PE ratio for PNE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average5.7x
LOU Lucero Energy
9.5xn/aCA$468.3m
CNE Canacol Energy
7.8x7.7%CA$430.6m
CR Crew Energy
3.5xn/aCA$706.8m
IPO InPlay Oil
1.9x-41.5%CA$262.3m
PNE Pine Cliff Energy
5.2xn/aCA$507.8m

Price-To-Earnings vs Peers: PNE is good value based on its Price-To-Earnings Ratio (5.2x) compared to the peer average (5.7x).


Price to Earnings Ratio vs Industry

How does PNE's PE Ratio compare vs other companies in the CA Oil and Gas Industry?

Price-To-Earnings vs Industry: PNE is good value based on its Price-To-Earnings Ratio (5.2x) compared to the Canadian Oil and Gas industry average (7.5x)


Price to Earnings Ratio vs Fair Ratio

What is PNE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PNE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.2x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate PNE's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of PNE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: PNE (CA$1.46) is trading below our estimate of fair value (CA$3.01)

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


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PNE's PEG Ratio to determine if it is good value.


Discover undervalued companies

Future Growth

How is Pine Cliff Energy forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


3.8%

Forecasted Energy industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Pine Cliff Energy has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

  • Examine whether Pine Cliff Energy is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • Pine Cliff Energy competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Pine Cliff Energy performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


31.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PNE has a high level of non-cash earnings.

Growing Profit Margin: PNE became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: PNE has become profitable over the past 5 years, growing earnings by 31.1% per year.

Accelerating Growth: PNE has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: PNE has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (171.2%).


Return on Equity

High ROE: PNE's Return on Equity (158.7%) is considered outstanding.


Discover strong past performing companies

Financial Health

How is Pine Cliff Energy's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: PNE's short term assets (CA$36.4M) exceed its short term liabilities (CA$34.0M).

Long Term Liabilities: PNE's short term assets (CA$36.4M) do not cover its long term liabilities (CA$279.3M).


Debt to Equity History and Analysis

Debt Level: PNE's net debt to equity ratio (41.5%) is considered high.

Reducing Debt: PNE's debt to equity ratio has increased from 30.9% to 52% over the past 5 years.

Debt Coverage: PNE's debt is well covered by operating cash flow (203.1%).

Interest Coverage: PNE's interest payments on its debt are well covered by EBIT (7.5x coverage).


Balance Sheet


Discover healthy companies

Dividend

What is Pine Cliff Energy current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


6.82%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: PNE's dividend (6.82%) is higher than the bottom 25% of dividend payers in the Canadian market (2.02%).

High Dividend: PNE's dividend (6.82%) is in the top 25% of dividend payers in the Canadian market (5.4%)


Stability and Growth of Payments

Stable Dividend: Too early to tell whether PNE's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if PNE's dividend payments are increasing as they only just started paying a dividend.


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (235.7%), PNE's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

7.5yrs

Average management tenure


CEO

Phil Hodge (56 yo)

10.5yrs

Tenure

CA$923,404

Compensation

Mr. Philip Blake Hodge, also known as Phil, B.Comm., LLB, serves as Director at Westport Fuel Systems Inc (former name Westport Innovations Inc) since January 25, 2022. He has been the Chief Executive Offi...


CEO Compensation Analysis

Compensation vs Market: Phil's total compensation ($USD714.99K) is below average for companies of similar size in the Canadian market ($USD1.29M).

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


Leadership Team

Experienced Management: PNE's management team is seasoned and experienced (7.5 years average tenure).


Board Members

Experienced Board: PNE's board of directors are considered experienced (6.2 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: PNE insiders have sold more shares than they have bought 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 3.2%.


Top Shareholders

Company Information

Pine Cliff Energy Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Pine Cliff Energy Ltd.
  • Ticker: PNE
  • Exchange: TSX
  • Founded: 2004
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Implied Market Cap: CA$507.779m
  • Shares outstanding: 347.79m
  • Website: https://www.pinecliffenergy.com

Number of Employees


Location

  • Pine Cliff Energy Ltd.
  • 1015 - 4th Street SW
  • Suite 850
  • Calgary
  • Alberta
  • T2R 1J4
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/03 00:00
End of Day Share Price2022/06/30 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.