SDE Stock Overview
Spartan Delta Corp. engages in the exploration, development, and production of petroleum and natural gas properties in the Western Canada.
Spartan Delta Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||CA$9.96|
|52 Week High||CA$16.03|
|52 Week Low||CA$4.98|
|1 Month Change||-29.31%|
|3 Month Change||-21.94%|
|1 Year Change||89.71%|
|3 Year Change||896.00%|
|5 Year Change||10.67%|
|Change since IPO||-98.47%|
Recent News & Updates
Is Spartan Delta (TSE:SDE) Using Too Much Debt?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Statutory Earnings May Not Be The Best Way To Understand Spartan Delta's (TSE:SDE) True Position
After announcing healthy earnings, Spartan Delta Corp.'s ( TSE:SDE ) stock rose over the last week. While the headline...
|SDE||CA Oil and Gas||CA Market|
Return vs Industry: SDE exceeded the Canadian Oil and Gas industry which returned 17.5% over the past year.
Return vs Market: SDE exceeded the Canadian Market which returned -8.4% over the past year.
|SDE Average Weekly Movement||8.6%|
|Oil and Gas Industry Average Movement||10.5%|
|Market Average Movement||9.8%|
|10% most volatile stocks in CA Market||18.1%|
|10% least volatile stocks in CA Market||3.8%|
Stable Share Price: SDE is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: SDE's weekly volatility (9%) has been stable over the past year.
About the Company
Spartan Delta Corp. engages in the exploration, development, and production of petroleum and natural gas properties in the Western Canada. It also owns and operates oil and gas properties in Alberta, Saskatchewan, and British Columbia. As of December 31, 2021, company owned total proved plus probable reserves of 545,734 thousand barrels of oil equivalent.
Spartan Delta Fundamentals Summary
|SDE fundamental statistics|
Is SDE overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|SDE income statement (TTM)|
|Cost of Revenue||CA$255.48m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||3.21|
|Net Profit Margin||46.25%|
How did SDE perform over the long term?See historical performance and comparison
Is SDE undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for SDE?
Other financial metrics that can be useful for relative valuation.
|What is SDE's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does SDE's PE Ratio compare to its peers?
|SDE PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
HWX Headwater Exploration
PIPE Pipestone Energy
TVE Tamarack Valley Energy
AAV Advantage Energy
SDE Spartan Delta
Price-To-Earnings vs Peers: SDE is good value based on its Price-To-Earnings Ratio (3.1x) compared to the peer average (5x).
Price to Earnings Ratio vs Industry
How does SDE's PE Ratio compare vs other companies in the CA Oil and Gas Industry?
Price-To-Earnings vs Industry: SDE is good value based on its Price-To-Earnings Ratio (3.1x) compared to the Canadian Oil and Gas industry average (5.2x)
Price to Earnings Ratio vs Fair Ratio
What is SDE'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.
|Current PE Ratio||3.1x|
|Fair PE Ratio||12.6x|
Price-To-Earnings vs Fair Ratio: SDE is good value based on its Price-To-Earnings Ratio (3.1x) compared to the estimated Fair Price-To-Earnings Ratio (12.6x).
Share Price vs Fair Value
What is the Fair Price of SDE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: SDE (CA$9.96) is trading below our estimate of fair value (CA$50.76)
Significantly Below Fair Value: SDE is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.
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How is Spartan Delta forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Future Growth Score2/6
Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SDE's forecast earnings growth (5.5% per year) is above the savings rate (1.6%).
Earnings vs Market: SDE's earnings (5.5% per year) are forecast to grow slower than the Canadian market (7.6% per year).
High Growth Earnings: SDE's earnings are forecast to grow, but not significantly.
Revenue vs Market: SDE's revenue (6.2% per year) is forecast to grow faster than the Canadian market (5.8% per year).
High Growth Revenue: SDE's revenue (6.2% 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 SDE's Return on Equity is forecast to be high in 3 years time
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How has Spartan Delta performed over the past 5 years?
Past Performance Score5/6
Past Performance Score 5/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SDE has a high level of non-cash earnings.
Growing Profit Margin: SDE's current net profit margins (46.2%) are higher than last year (36.5%).
Past Earnings Growth Analysis
Earnings Trend: SDE has become profitable over the past 5 years, growing earnings by 86.2% per year.
Accelerating Growth: SDE's earnings growth over the past year (493.9%) exceeds its 5-year average (86.2% per year).
Earnings vs Industry: SDE earnings growth over the past year (493.9%) exceeded the Oil and Gas industry 176.9%.
Return on Equity
High ROE: SDE's Return on Equity (43.7%) is considered outstanding.
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How is Spartan Delta's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: SDE's short term assets (CA$195.1M) do not cover its short term liabilities (CA$274.9M).
Long Term Liabilities: SDE's short term assets (CA$195.1M) do not cover its long term liabilities (CA$397.1M).
Debt to Equity History and Analysis
Debt Level: SDE's net debt to equity ratio (19.4%) is considered satisfactory.
Reducing Debt: SDE's debt to equity ratio has reduced from 76.8% to 19.9% over the past 5 years.
Debt Coverage: SDE's debt is well covered by operating cash flow (252.9%).
Interest Coverage: SDE's interest payments on its debt are well covered by EBIT (20x coverage).
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What is Spartan Delta current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Forecast Dividend Yield
Dividend Yield vs Market
|Spartan Delta Dividend Yield vs Market|
|Company (Spartan Delta)||n/a|
|Market Bottom 25% (CA)||2.1%|
|Market Top 25% (CA)||6.1%|
|Industry Average (Oil and Gas)||5.0%|
|Analyst forecast in 3 Years (Spartan Delta)||5.1%|
Notable Dividend: Unable to evaluate SDE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate SDE's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if SDE's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SDE's dividend payments have been increasing.
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: Unable to calculate sustainability of dividends as SDE has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Dr. Fotis Kalantzis, P.Geoph, Ph D., serves as an Independent Director at Willow Biosciences Inc. since April 12, 2019. Dr. Kalantzis was a Senior Vice President of Exploration at Spartan Energy Corp. sinc...
CEO Compensation Analysis
|Fotis Kalantzis's Compensation vs Spartan Delta Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Jun 30 2022||n/a||n/a|
|Mar 31 2022||n/a||n/a|
|Dec 31 2021||CA$2m||CA$419k|
|Sep 30 2021||n/a||n/a|
|Jun 30 2021||n/a||n/a|
|Mar 31 2021||n/a||n/a|
|Dec 31 2020||CA$1m||CA$317k|
Compensation vs Market: Fotis's total compensation ($USD1.75M) is about average for companies of similar size in the Canadian market ($USD1.57M).
Compensation vs Earnings: Fotis's compensation has increased by more than 20% in the past year.
Experienced Management: SDE's management team is considered experienced (2.8 years average tenure).
Experienced Board: SDE's board of directors are not considered experienced ( 2.8 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: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
|14 Apr 22||BuyCA$61,497||Donald Archibald||Individual||20,499||CA$3.00|
|14 Apr 22||SellCA$276,337||Donald Archibald||Individual||25,099||CA$11.01|
|14 Apr 22||SellCA$1,003,365||Fotis Kalantzis||Individual||91,133||CA$11.01|
|14 Apr 22||SellCA$50,646||Elliot Weissbluth||Individual||4,600||CA$11.01|
|14 Apr 22||SellCA$295,065||Craig Martin||Individual||26,800||CA$11.01|
|14 Apr 22||SellCA$259,834||Brendan Paton||Individual||23,600||CA$11.01|
|14 Apr 22||SellCA$259,834||Ashley Hohm||Individual||23,600||CA$11.01|
|29 Mar 22||SellCA$121,539,852||Areti Energy S.A.||Company||15,000,000||CA$8.11|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5.6%.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Spartan Delta Corp.'s employee growth, exchange listings and data sources
- Name: Spartan Delta Corp.
- Ticker: SDE
- Exchange: TSX
- Founded: 2006
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Implied Market Cap: CA$1.548b
- Shares outstanding: 155.40m
- Website: https://www.spartandeltacorp.com
Number of Employees
- Spartan Delta Corp.
- 308 – 4th Avenue S.W
- Suite 1500
- T2P 0H7
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|SDE||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||May 2006|
|DALX.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||May 2006|
|4YJ||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||May 2006|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/27 00:00|
|End of Day Share Price||2022/09/27 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.