| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 0/6 |
| Past Performance | 4/6 |
| Financial Health | 3/6 |
| Dividends | 3/6 |
PSK Overview
PrairieSky Royalty Ltd. holds crude oil and natural gas royalty interests in Alberta, Saskatchewan, British Columbia, and Manitoba of Canada.
Share Price & News
How has PrairieSky Royalty's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PSK is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: PSK's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
7.5%
PSK
4.2%
CA Oil and Gas
-0.2%
CA Market
1 Year Return
58.2%
PSK
50.6%
CA Oil and Gas
29.1%
CA Market
Return vs Industry: PSK exceeded the Canadian Oil and Gas industry which returned 51.4% over the past year.
Return vs Market: PSK exceeded the Canadian Market which returned 30% over the past year.
Shareholder returns
| PSK | Industry | Market | |
|---|---|---|---|
| 7 Day | 7.5% | 4.2% | -0.2% |
| 30 Day | 4.4% | 10.3% | 1.8% |
| 90 Day | 3.0% | 1.4% | 2.9% |
| 1 Year | 61.7%58.2% | 58.3%50.6% | 33.0%29.1% |
| 3 Year | -31.2%-38.2% | 7.1%-6.4% | 33.0%20.5% |
| 5 Year | -37.9%-47.1% | 4.3%-14.7% | 51.6%29.3% |
Long-Term Price Volatility Vs. Market
How volatile is PrairieSky Royalty's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall St
President Andrew Phillips Just Bought A Handful Of Shares In PrairieSky Royalty Ltd. (TSE:PSK)6 days ago | Simply Wall St
PrairieSky Royalty (TSE:PSK) Will Pay A Larger Dividend Than Last Year At CA$0.091 week ago | Simply Wall St
Are Investors Undervaluing PrairieSky Royalty Ltd. (TSE:PSK) By 29%?PrairieSky Royalty Fundamentals Summary
| PSK fundamental statistics | |
|---|---|
| Market Cap | CA$3.10b |
| Earnings (TTM) | CA$69.40m |
| Revenue (TTM) | CA$207.40m |
45.1x
P/E Ratio15.1x
P/S RatioIs PSK overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| PSK income statement (TTM) | |
|---|---|
| Revenue | CA$207.40m |
| Cost of Revenue | CA$2.60m |
| Gross Profit | CA$204.80m |
| Expenses | CA$135.40m |
| Earnings | CA$69.40m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Oct 25, 2021
| Earnings per share (EPS) | 0.31 |
| Gross Margin | 98.75% |
| Net Profit Margin | 33.46% |
| Debt/Equity Ratio | 1.5% |
How did PSK perform over the long term?
See historical performance and comparisonDividends
2.6%
Current Dividend Yield81%
Payout RatioDoes PSK pay a reliable dividends?
See PSK dividend history and benchmarks| PrairieSky Royalty dividend dates | |
|---|---|
| Ex Dividend Date | Sep 28 2021 |
| Dividend Pay Date | Oct 15 2021 |
| Days until Ex dividend | 10 days |
| Days until Dividend pay date | 27 days |
Does PSK pay a reliable dividends?
See PSK dividend history and benchmarksValuation
Is PrairieSky Royalty undervalued compared to its fair value and its price relative to the market?
23.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PSK (CA$14.11) is trading below our estimate of fair value (CA$18.52)
Significantly Below Fair Value: PSK is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PSK is poor value based on its PE Ratio (45.1x) compared to the Canadian Oil and Gas industry average (8.8x).
PE vs Market: PSK is poor value based on its PE Ratio (45.1x) compared to the Canadian market (12.9x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate PSK's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PSK is good value based on its PB Ratio (1.3x) compared to the CA Oil and Gas industry average (1.8x).
Future Growth
How is PrairieSky Royalty forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
5.2%
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if PSK's forecast earnings growth is above the savings rate (1.5%).
Earnings vs Market: Insufficient data to determine if PSK'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: PSK's revenue (5.2% per year) is forecast to grow slower than the Canadian market (6.1% per year).
High Growth Revenue: PSK's revenue (5.2% 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 PSK's Return on Equity is forecast to be high in 3 years time
Past Performance
How has PrairieSky Royalty performed over the past 5 years?
3.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PSK has high quality earnings.
Growing Profit Margin: PSK's current net profit margins (33.5%) are higher than last year (25.7%).
Past Earnings Growth Analysis
Earnings Trend: PSK's earnings have grown by 3.7% per year over the past 5 years.
Accelerating Growth: PSK's earnings growth over the past year (41.1%) exceeds its 5-year average (3.7% per year).
Earnings vs Industry: PSK earnings growth over the past year (41.1%) underperformed the Oil and Gas industry 44.8%.
Return on Equity
High ROE: PSK's Return on Equity (3%) is considered low.
Financial Health
How is PrairieSky Royalty's financial position?
Financial Position Analysis
Short Term Liabilities: PSK's short term assets (CA$40.8M) do not cover its short term liabilities (CA$76.5M).
Long Term Liabilities: PSK's short term assets (CA$40.8M) do not cover its long term liabilities (CA$199.5M).
Debt to Equity History and Analysis
Debt Level: PSK's debt to equity ratio (1.5%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if PSK's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: PSK's debt is well covered by operating cash flow (517%).
Interest Coverage: PSK's interest payments on its debt are well covered by EBIT (46.2x coverage).
Balance Sheet
Dividend
What is PrairieSky Royalty current dividend yield, its reliability and sustainability?
2.55%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: PSK's dividend (2.55%) is higher than the bottom 25% of dividend payers in the Canadian market (1.63%).
High Dividend: PSK's dividend (2.55%) is low compared to the top 25% of dividend payers in the Canadian market (4.45%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, PSK has been paying a dividend for less than 10 years.
Growing Dividend: PSK has only been paying a dividend for 7 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (81%), PSK's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PSK's dividends in 3 years are forecast to be covered by earnings (50.3% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.6yrs
Average management tenure
CEO
Andrew Phillips (43 yo)
7.42yrs
Tenure
CA$3,691,000
Compensation
Mr. Andrew M. Phillips has been the Chief Executive Officer and President at PrairieSky Royalty Ltd. since April 11, 2014. Mr. Phillips served as the Chief Executive Officer and President of Home Quarter R...
CEO Compensation Analysis
Compensation vs Market: Andrew's total compensation ($USD2.91M) is about average for companies of similar size in the Canadian market ($USD2.85M).
Compensation vs Earnings: Andrew's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: PSK's management team is seasoned and experienced (6.6 years average tenure).
Board Members
Experienced Board: PSK's board of directors are considered experienced (6.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: PSK insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
PrairieSky Royalty Ltd.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: PrairieSky Royalty Ltd.
- Ticker: PSK
- Exchange: TSX
- Founded: 2013
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Market Cap: CA$3.102b
- Shares outstanding: 221.92m
- Website: https://www.prairiesky.com
Number of Employees
Location
- PrairieSky Royalty Ltd.
- 350 - 7th Avenue SW
- Suite 1700
- Calgary
- Alberta
- T2P 3N9
- Canada
Listings
Biography
PrairieSky Royalty Ltd. holds crude oil and natural gas royalty interests in Alberta, Saskatchewan, British Columbia, and Manitoba of Canada. It hold interests in approximately 7.8 million acres with petro...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/09/16 22:56 |
| End of Day Share Price | 2021/09/16 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.