Strad Inc. provides rental equipment and matting solutions to the oil and gas, pipeline, power transmission, and mining sectors in Canada and the United States.
Flawless balance sheet and slightly overvalued.
Share Price & News
How has Strad's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SDY has not had significant price volatility in the past 3 months.
7 Day Return
CA Energy Services
1 Year Return
CA Energy Services
Return vs Industry: SDY exceeded the Canadian Energy Services industry which returned -44.1% over the past year.
Return vs Market: SDY exceeded the Canadian Market which returned 0.5% over the past year.
Price Volatility Vs. Market
How volatile is Strad's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StWhat Kind Of Share Price Volatility Should You Expect For Strad Inc. (TSE:SDY)?
1 month ago | Simply Wall StDo Insiders Own Shares In Strad Inc. (TSE:SDY)?
2 months ago | Simply Wall StIs Strad (TSE:SDY) Using Too Much Debt?
Is Strad 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: SDY (CA$2.36) is trading below our estimate of fair value (CA$15.99)
Significantly Below Fair Value: SDY is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SDY is unprofitable, so we can't compare its PE Ratio to the Energy Services industry average.
PE vs Market: SDY 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 SDY's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SDY is overvalued based on its PB Ratio (1x) compared to the CA Energy Services industry average (0.6x).
How is Strad forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if SDY's forecast earnings growth is above the savings rate (1.4%).
Earnings vs Market: Insufficient data to determine if SDY'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: SDY's revenue (10% per year) is forecast to grow faster than the Canadian market (4.7% per year).
High Growth Revenue: SDY's revenue (10% 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 SDY's Return on Equity is forecast to be high in 3 years time
How has Strad performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SDY is currently unprofitable.
Growing Profit Margin: SDY is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: SDY is unprofitable, and losses have increased over the past 5 years at a rate of -8.1% per year.
Accelerating Growth: Unable to compare SDY's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: SDY is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (25.9%).
Return on Equity
High ROE: SDY has a negative Return on Equity (-2.79%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
How is Strad's financial position?
Financial Position Analysis
Short Term Liabilities: SDY's short term assets (CA$28.1M) exceed its short term liabilities (CA$23.9M).
Long Term Liabilities: SDY's short term assets (CA$28.1M) exceed its long term liabilities (CA$20.6M).
Debt to Equity History and Analysis
Debt Level: SDY's debt to equity ratio (6.6%) is considered satisfactory.
Reducing Debt: SDY's debt to equity ratio has reduced from 32.3% to 6.6% over the past 5 years.
Inventory Level: SDY has a high level of physical assets or inventory.
Debt Coverage by Assets: SDY's debt is covered by short term assets (assets are 3.1x debt).
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: Whilst unprofitable SDY has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: SDY is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -32.2% per year.
What is Strad's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate SDY's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate SDY's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if SDY's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SDY's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: SDY is not paying a notable dividend for the Canadian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of SDY's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Andy Pernal 0
Mr. Andrew Robert C. Pernal, also known as Andy, CA, has been the President of Strad Energy Services Ltd. since March 31, 2009 and has been its Chief Executive Officer since June 2012. Mr. Pernal served as ...
CEO Compensation Analysis
Compensation vs Market: Andy's total compensation ($USD659.03K) is above average for companies of similar size in the Canadian market ($USD155.12K).
Compensation vs Earnings: Andy's compensation has increased whilst the company is unprofitable.
|Chief Financial Officer||3.9yrs||CA$480.48k||0.21% CA$270.4k|
|Chief Operating Officer||6yrs||CA$555.62k||0.28% CA$362.3k|
Experienced Management: SDY's management team is seasoned and experienced (6 years average tenure).
|Chairman of the Board||1.2yrs||CA$102.40k||0.037% CA$47.2k|
|Independent Director||3.5yrs||CA$116.20k||0.092% CA$118.0k|
|Independent Director||3.7yrs||CA$112.80k||0.037% CA$47.2k|
|Independent Director||1.3yrs||CA$4.67k||no data|
|Independent Director||0.8yrs||no data||no data|
Experienced Board: SDY's board of directors are considered experienced (3.5 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Strad Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Strad Inc.
- Ticker: SDY
- Exchange: TSX
- Founded: 2003
- Industry: Oil and Gas Equipment and Services
- Sector: Energy
- Market Cap: CA$128.736m
- Shares outstanding: 54.55m
- Website: https://www.stradinc.com
Number of Employees
- Strad Inc.
- 400 - 2nd Avenue SW
- Suite 1200
- T2P 5E9
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|SDY||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||Nov 2010|
|8SS||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Nov 2010|
|STRD.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Nov 2010|
Strad Inc. provides rental equipment and matting solutions to the oil and gas, pipeline, power transmission, and mining sectors in Canada and the United States. The company operates in two segments, Industrial Matting and Equipment Rentals. It offers tank farms, BBL tanks, BBL single wall horizontal tanks, agitator and flare tanks, floc and premix tanks, potable water storage sheds, EcoPond composites, shale bins, pipe racks and tubs, and containment systems; generators and heaters; and centrifuges, mobile centrifuge dewatering units, and linear motion drying shakers. The company also provides light towers; submersible pumps, portable vacuum systems, transfer pumps, and enviro vac building products; wellsite shacks/trailers; drill pipes; road crossing/invert line crossing products; and wood mats, laminate mats, rig mats, timber mats, crane mats, sidewalk matting, and mobile mat washing units. In addition, it offers mat mobilization and demobilization, mobile mat washing, and servicing 24/7. The company was formerly known as Strad Energy Services Ltd. and changed its name to Strad Inc. in June 2019. Strad Inc. was founded in 2003 and is headquartered in Calgary, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/27 00:54|
|End of Day Share Price||2020/02/26 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.