Secure Energy Services
Secure Energy Services Inc., an energy services company, provides specialized solutions to upstream oil and natural gas companies operating primarily in the Western Canadian Sedimentary Basin and North Dakota. The last earnings update was 23 days ago. More info.
Add to Portfolio Compare Print
SES Share Price and Events
7 Day Returns
1 Year Returns
SES Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Secure Energy Services (SES) | 1.6% | -11.5% | -11.5% | -7% | -18.1% | -61% |
| CA Energy Services | 2% | -8.1% | -6% | -28.6% | -12.9% | -67.9% |
| CA Market | 1% | -2% | 1.9% | -1.6% | 12.9% | 4.6% |
1 Year Return vs Industry and Market
- SES outperformed the Energy Services industry which returned -28.6% over the past year.
- SES underperformed the Market in Canada which returned -1.6% over the past year.
Price Volatility
Related Companies
Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Secure Energy Services
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Secure Energy Services.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 8 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 9.4% |
| Perpetual Growth Rate | 10-Year CA Government Bond Rate | 1.9% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year CA Govt Bond Rate | 1.9% |
| Equity Risk Premium | S&P Global | 6% |
| Energy Services Unlevered Beta | Simply Wall St/ S&P Global | 1.08 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.08 (1 + (1- 26.5%) (37.33%)) |
1.252 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.25 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.252 * 5.96%) |
9.41% |
Discounted Cash Flow Calculation for TSX:SES using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Secure Energy Services is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (CAD, Millions) | Source |
Present Value Discounted (@ 9.41%) |
|
|---|---|---|---|
| 2019 | 102.00 | Analyst x2 | 93.23 |
| 2020 | 188.50 | Analyst x2 | 157.48 |
| 2021 | 268.02 | Est @ 42.18% | 204.65 |
| 2022 | 348.73 | Est @ 30.11% | 243.39 |
| 2023 | 424.27 | Est @ 21.66% | 270.65 |
| 2024 | 491.09 | Est @ 15.75% | 286.33 |
| 2025 | 548.10 | Est @ 11.61% | 292.09 |
| 2026 | 595.83 | Est @ 8.71% | 290.23 |
| 2027 | 635.64 | Est @ 6.68% | 283.00 |
| 2028 | 669.08 | Est @ 5.26% | 272.27 |
| Present value of next 10 years cash flows | CA$2,393.32 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= CA$669.08 × (1 + 1.95%) ÷ (9.41% – 1.95%) |
CA$9,142.68 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= CA$9,142.68 ÷ (1 + 9.41%)10 |
CA$3,720.45 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= CA$2,393.32 + CA$3,720.45 |
CA$6,113.77 |
| Equity Value per Share (CAD) |
= Total value / Shares Outstanding
= CA$6,113.77 / 161.44 |
CA$37.87 |
| Calculation | Result | |
|---|---|---|
| Value per share (CAD) | From above. | CA$37.87 |
| Current discount | Discount to share price of
CA$7.59
= -1 x (CA$7.59 - CA$37.87) / CA$37.87 |
80% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Secure Energy Services's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Secure Energy Services's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Secure Energy Services's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Secure Energy Services's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in CAD | CA$0.09 |
| TSX:SES Share Price ** | TSX (2019-05-21) in CAD | CA$7.59 |
| Canada Energy Services Industry PE Ratio | Median Figure of 17 Publicly-Listed Energy Services Companies | 22.48x |
| Canada Market PE Ratio | Median Figure of 544 Publicly-Listed Companies | 14.89x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Secure Energy Services.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = TSX:SES Share Price ÷ EPS (both in CAD) = 7.59 ÷ 0.09 |
81.43x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Secure Energy Services is overvalued based on earnings compared to the CA Energy Services industry average.
- Secure Energy Services is overvalued based on earnings compared to the Canada market.
Price based on expected Growth
Does
Secure Energy Services's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 81.43x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts |
54%per year |
| Canada Energy Services Industry PEG Ratio | Median Figure of 13 Publicly-Listed Energy Services Companies | 0.81x |
| Canada Market PEG Ratio | Median Figure of 250 Publicly-Listed Companies | 1.14x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 81.43x ÷ 54% |
1.51x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Secure Energy Services is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Secure Energy Services's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in CAD | CA$5.18 |
| TSX:SES Share Price * | TSX (2019-05-21) in CAD | CA$7.59 |
| Canada Energy Services Industry PB Ratio | Median Figure of 42 Publicly-Listed Energy Services Companies | 1.04x |
| Canada Market PB Ratio | Median Figure of 2,405 Publicly-Listed Companies | 1.43x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = TSX:SES Share Price ÷ Book Value per Share (both in CAD) = 7.59 ÷ 5.18 |
1.46x |
* Primary Listing of Secure Energy Services.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Secure Energy Services is overvalued based on assets compared to the CA Energy Services industry average.
Value checks
We assess Secure Energy Services's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Energy Services industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Energy Services industry average (and greater than 0)? (1 check) Secure Energy Services has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Secure Energy Services's earnings growth is expected to exceed the low risk savings rate of 1.9%.
Growth vs Market Checks
- Secure Energy Services's earnings growth is expected to exceed the Canada market average.
- Secure Energy Services's revenue growth is expected to exceed the Canada market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| TSX:SES Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts | 54% |
| TSX:SES Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts | 6.2% |
| Canada Energy Services Industry Earnings Growth Rate | Market Cap Weighted Average | 42.9% |
| Canada Energy Services Industry Revenue Growth Rate | Market Cap Weighted Average | 9.4% |
| Canada Market Earnings Growth Rate | Market Cap Weighted Average | 14.5% |
| Canada Market Revenue Growth Rate | Market Cap Weighted Average | 6% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 8 Analyst Estimates (S&P Global) | See Below |
| Date (Data in CAD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 3,350 | 202 | 37 | 8 |
| 2019-12-31 | 3,145 | 175 | 22 | 8 |
| Date (Data in CAD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 3,021 | 211 | 15 |
| 2018-12-31 | 2,937 | 187 | 20 |
| 2018-09-30 | 2,934 | 150 | -18 |
| 2018-06-30 | 2,719 | 133 | -25 |
| 2018-03-31 | 2,583 | 99 | -32 |
| 2017-12-31 | 2,328 | 109 | -34 |
| 2017-09-30 | 2,179 | 101 | -20 |
| 2017-06-30 | 1,967 | 115 | -28 |
| 2017-03-31 | 1,652 | 101 | -35 |
| 2016-12-31 | 1,410 | 97 | -49 |
| 2016-09-30 | 1,170 | 121 | -126 |
| 2016-06-30 | 1,101 | 111 | -171 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 8 Analyst Estimates (S&P Global) | See Below |
All data from Secure Energy Services Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CAD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 0.23 | 0.36 | 0.12 | 6.00 |
| 2019-12-31 | 0.15 | 0.20 | 0.10 | 4.00 |
| Date (Data in CAD Millions) | EPS * |
|---|---|
| 2019-03-31 | 0.09 |
| 2018-12-31 | 0.12 |
| 2018-09-30 | -0.11 |
| 2018-06-30 | -0.15 |
| 2018-03-31 | -0.19 |
| 2017-12-31 | -0.21 |
| 2017-09-30 | -0.13 |
| 2017-06-30 | -0.18 |
| 2017-03-31 | -0.22 |
| 2016-12-31 | -0.32 |
| 2016-09-30 | -0.84 |
| 2016-06-30 | -1.19 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if Secure Energy Services will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess Secure Energy Services's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Secure Energy Services has a total score of 4/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Secure Energy Services performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Secure Energy Services's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
- Secure Energy Services has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
- Secure Energy Services has become profitable in the last year making it difficult to compare the CA Energy Services industry average.
Earnings and Revenue History
All data from Secure Energy Services Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CAD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 3,020.89 | 15.11 | 96.20 | |
| 2018-12-31 | 2,937.45 | 19.93 | 94.86 | |
| 2018-09-30 | 2,933.96 | -17.95 | 90.53 | |
| 2018-06-30 | 2,718.66 | -24.94 | 87.02 | |
| 2018-03-31 | 2,583.06 | -31.57 | 84.98 | |
| 2017-12-31 | 2,328.21 | -34.20 | 82.30 | |
| 2017-09-30 | 2,179.18 | -20.34 | 86.58 | |
| 2017-06-30 | 1,967.24 | -28.29 | 82.91 | |
| 2017-03-31 | 1,651.52 | -35.44 | 77.97 | |
| 2016-12-31 | 1,410.06 | -48.94 | 73.87 | |
| 2016-09-30 | 1,169.51 | -125.69 | 72.82 | |
| 2016-06-30 | 1,101.05 | -170.61 | 71.08 | |
| 2016-03-31 | 1,189.01 | -166.71 | 76.11 | |
| 2015-12-31 | 1,346.43 | -159.87 | 85.77 | |
| 2015-09-30 | 1,634.54 | -86.70 | 92.16 | |
| 2015-06-30 | 1,900.62 | -18.91 | 97.47 | |
| 2015-03-31 | 2,111.99 | 4.44 | 99.33 | |
| 2014-12-31 | 2,271.65 | 30.65 | 94.45 | |
| 2014-09-30 | 2,081.51 | 55.85 | 87.14 | |
| 2014-06-30 | 1,925.86 | 53.13 | 84.47 | |
| 2014-03-31 | 1,695.77 | 44.19 | 75.70 | |
| 2013-12-31 | 1,492.54 | 38.96 | 69.85 | |
| 2013-09-30 | 1,383.45 | 38.05 | 65.21 | |
| 2013-06-30 | 1,188.90 | 32.37 | 57.78 | |
| 2013-03-31 | 1,074.71 | 35.83 | 52.70 | |
| 2012-12-31 | 1,029.44 | 33.05 | 48.13 | |
| 2012-09-30 | 981.84 | 32.71 | 44.36 | |
| 2012-06-30 | 890.83 | 34.21 | 41.64 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Secure Energy Services has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Secure Energy Services used its assets less efficiently than the CA Energy Services industry average last year based on Return on Assets.
- Secure Energy Services has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
Past performance checks
We assess Secure Energy Services's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Energy Services industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Secure Energy Services has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is Secure Energy Services's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Secure Energy Services's finances.
The net worth of a company is the difference between its assets and liabilities.
- Secure Energy Services is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Secure Energy Services's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is not covered by short term assets, assets are 0.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Secure Energy Services Company Filings, last reported 1 month ago.
| Date (Data in CAD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 836.51 | 457.44 | 16.19 |
| 2018-12-31 | 844.32 | 429.61 | 7.93 |
| 2018-09-30 | 847.69 | 404.82 | 9.57 |
| 2018-06-30 | 860.54 | 344.51 | 1.05 |
| 2018-03-31 | 878.53 | 354.97 | 3.81 |
| 2017-12-31 | 874.49 | 311.33 | 9.73 |
| 2017-09-30 | 901.93 | 271.92 | 2.94 |
| 2017-06-30 | 910.88 | 229.48 | 20.26 |
| 2017-03-31 | 930.36 | 195.59 | 5.18 |
| 2016-12-31 | 927.05 | 217.21 | 3.43 |
| 2016-09-30 | 929.56 | 211.25 | 3.09 |
| 2016-06-30 | 933.90 | 187.52 | 6.01 |
| 2016-03-31 | 948.35 | 131.06 | 7.29 |
| 2015-12-31 | 824.51 | 276.60 | 4.86 |
| 2015-09-30 | 913.47 | 274.76 | 2.67 |
| 2015-06-30 | 951.50 | 254.63 | 5.29 |
| 2015-03-31 | 968.21 | 268.32 | 4.48 |
| 2014-12-31 | 762.30 | 419.90 | 4.88 |
| 2014-09-30 | 770.82 | 352.40 | 11.38 |
| 2014-06-30 | 709.16 | 195.06 | 3.66 |
| 2014-03-31 | 701.78 | 235.66 | 9.35 |
| 2013-12-31 | 664.33 | 175.55 | 12.02 |
| 2013-09-30 | 542.75 | 225.33 | 8.91 |
| 2013-06-30 | 516.61 | 156.64 | 5.59 |
| 2013-03-31 | 499.96 | 177.21 | 5.39 |
| 2012-12-31 | 478.40 | 131.08 | 7.51 |
| 2012-09-30 | 465.38 | 96.42 | 9.27 |
| 2012-06-30 | 370.08 | 142.40 | 3.91 |
- Secure Energy Services's level of debt (54.7%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (33.5% vs 54.7% today).
- Debt is well covered by operating cash flow (46.1%, greater than 20% of total debt).
- Interest payments on debt are not well covered by earnings (EBIT is 2.6x annual interest expense, ideally 3x coverage).
Financial health checks
We assess Secure Energy Services's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Secure Energy Services has a total score of 2/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is Secure Energy Services's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
CA$2,000 of
Secure Energy Services
shares you are expected to receive
CA$71
in your first year as a dividend.
Dividend Amount
- Secure Energy Services's pays a higher dividend yield than the bottom 25% of dividend payers in Canada (2.04%).
- Secure Energy Services's dividend is below the markets top 25% of dividend payers in Canada (5.7%).
Upcoming dividend payment
Purchase Secure Energy Services before the 'Buy Limit' to receive their next dividend payment.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 8 Analyst Estimates (S&P Global) | See Below |
| Canada Energy Services Industry Average Dividend Yield | Market Cap Weighted Average of 13 Stocks | 4% |
| Canada Market Average Dividend Yield | Market Cap Weighted Average of 331 Stocks | 3.5% |
| Canada Minimum Threshold Dividend Yield | 10th Percentile | 1.2% |
| Canada Bottom 25% Dividend Yield | 25th Percentile | 2% |
| Canada Top 25% Dividend Yield | 75th Percentile | 5.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in CA$) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2020-12-31 | 0.27 | 7.00 |
| 2019-12-31 | 0.27 | 7.00 |
| Date (Data in CA$) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-05-15 | 0.270 | 3.556 |
| 2019-04-15 | 0.270 | 3.396 |
| 2019-03-15 | 0.270 | 3.199 |
| 2019-02-15 | 0.270 | 3.189 |
| 2019-01-15 | 0.270 | 3.376 |
| 2018-12-17 | 0.270 | 3.803 |
| 2018-11-15 | 0.270 | 3.620 |
| 2018-10-15 | 0.270 | 3.273 |
| 2018-09-17 | 0.270 | 3.226 |
| 2018-08-15 | 0.270 | 3.288 |
| 2018-07-16 | 0.270 | 3.363 |
| 2018-06-15 | 0.270 | 3.704 |
| 2018-05-15 | 0.270 | 3.506 |
| 2018-04-16 | 0.270 | 3.336 |
| 2018-03-15 | 0.270 | 3.533 |
| 2018-02-15 | 0.270 | 3.301 |
| 2018-01-15 | 0.270 | 3.080 |
| 2017-12-15 | 0.270 | 3.065 |
| 2017-11-15 | 0.255 | 3.285 |
| 2017-10-16 | 0.255 | 3.095 |
| 2017-09-15 | 0.255 | 3.028 |
| 2017-08-15 | 0.255 | 3.386 |
| 2017-07-17 | 0.255 | 2.971 |
| 2017-06-15 | 0.255 | 2.987 |
| 2017-05-15 | 0.255 | 2.716 |
| 2017-04-17 | 0.240 | 2.575 |
| 2017-03-15 | 0.240 | 2.444 |
| 2017-02-15 | 0.240 | 2.296 |
| 2017-01-16 | 0.240 | 2.173 |
| 2016-12-15 | 0.240 | 2.126 |
| 2016-11-15 | 0.240 | 2.514 |
| 2016-10-17 | 0.240 | 2.786 |
| 2016-09-15 | 0.240 | 2.661 |
| 2016-08-15 | 0.240 | 2.662 |
| 2016-07-15 | 0.240 | 2.816 |
| 2016-05-16 | 0.240 | 2.679 |
| 2016-04-15 | 0.240 | 2.742 |
| 2016-03-15 | 0.240 | 2.821 |
| 2016-02-16 | 0.240 | 3.143 |
| 2016-01-15 | 0.240 | 3.685 |
| 2015-12-15 | 0.240 | 3.304 |
| 2015-11-16 | 0.240 | 3.186 |
| 2015-10-15 | 0.240 | 2.785 |
| 2015-09-15 | 0.240 | 2.458 |
| 2015-08-17 | 0.240 | 2.521 |
| 2015-07-15 | 0.240 | 2.223 |
| 2015-06-15 | 0.240 | 1.852 |
| 2015-05-15 | 0.240 | 1.649 |
| 2015-04-15 | 0.240 | 1.473 |
| 2015-03-16 | 0.240 | 1.510 |
| 2015-02-17 | 0.240 | 1.532 |
| 2015-01-15 | 0.240 | 1.532 |
| 2014-12-15 | 0.240 | 1.557 |
| 2014-11-17 | 0.200 | 1.212 |
| 2014-10-15 | 0.200 | 0.999 |
| 2014-09-15 | 0.200 | 0.874 |
| 2014-08-18 | 0.200 | 0.765 |
| 2014-07-16 | 0.200 | 0.851 |
| 2014-06-16 | 0.200 | 0.861 |
| 2014-05-15 | 0.200 | 0.994 |
| 2014-04-16 | 0.200 | 1.018 |
| 2014-03-17 | 0.200 | 1.056 |
| 2014-02-18 | 0.150 | 0.844 |
| 2014-01-15 | 0.150 | 0.905 |
| 2013-12-16 | 0.150 | 0.867 |
| 2013-11-18 | 0.150 | 0.912 |
| 2013-10-15 | 0.150 | 1.023 |
| 2013-09-12 | 0.150 | 1.100 |
| 2013-08-15 | 0.150 | 1.113 |
| 2013-07-16 | 0.150 | 1.058 |
| 2013-06-13 | 0.150 | 1.084 |
| 2013-05-15 | 0.150 | 1.103 |
| 2013-03-05 | 0.150 | 1.224 |
| 2013-03-04 | 0.150 | 1.415 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Whilst dividend payments have been stable, Secure Energy Services has been paying a dividend for less than 10 years.
- Dividend payments have increased, but Secure Energy Services only paid a dividend in the past 6 years.
Income/ dividend checks
We assess Secure Energy Services's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Secure Energy Services afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Secure Energy Services has a total score of 1/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | CA$2,552,840 |
| AGE | 57 |
| TENURE AS CEO | 12.2 years |
CEO Bio
Mr. Rene E. Amirault, CGA, has been the President and Chief Executive Officer at Secure Energy Services Inc. (formerly Secure Energy Services Ltd.) since March 2007. Mr. Amirault served as the Chief Executive Officer of Arrowhead Water Products Ltd until February 15, 2007. He held various roles at Canadian Crude Separators Inc. and CCS Income Trust from August 1994 to January 2006, including Vice President roles in Sales and Marketing, Business Development and Corporate Development. He served as Vice President of Corporate Development of Canadian Crude Separators Inc., until January 26, 2006. He served as a Vice President of Corporate Development of Canadian Crude Separators Inc. and Tervita Corporation until January 26, 2006. Mr. Amirault served as a Vice President of Corporate Development at CCS Corporation (formerly CCS Income Trust) from September 2001 to January 26, 2006. He has over 25 years experience in the energy industry. He held various positions with Imperial Oil Ltd. from 1981 to 1994 including marketing, project management and finance and accounting capacities. From January 2006 to March 2007, he was an Independent Businessman. He has been the Chairman of Secure Energy Services Inc. since June 1, 2007. He has been an Independent Director of Crescent Point Energy Corp. since April 2014 and Secure Energy Services Ltd. since June 1, 2007. He served as a Director of Arrowhead Water Products Ltd., from February 2004 to April 8, 2008 and Petrowest Energy Services General Partner Ltd. from July 6, 2006 to June 30, 2010. He served as a Director of Petrowest Energy Services Trust, an Administrator of Petrowest Energy Services Trust from July 6, 2006 to June 30, 2010. Mr. Amirault received a Certified General Accountant designation in June 1985.
CEO Compensation
- Rene's compensation has been consistent with company performance over the past year, both up more than 20%.
- Rene's remuneration is about average for companies of similar size in Canada.
Management Team Tenure
Average tenure and age of the Secure Energy Services management team in years:
- The average tenure for the Secure Energy Services management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Rene Amirault
Chairman
CA$3M
57
12.2 yrs
Chad Magus
Executive VP & CFO
CA$1M
1.7 yrs
Allen Gransch
Chief Operating Officer of Midstream
CA$1M
0.1 yrs
Corey Higham
Executive Vice President of Processing
CA$1M
5.1 yrs
Dave Engel
Executive Vice President of Technical Services
CA$2M
1.7 yrs
Brian K. McGurk
Executive Vice President of Human Resources & Strategy
CA$1M
6.4 yrs
George Wadsworth
Executive Vice President of Drilling & Production Services - Technical Solutions Division
CA$1M
46
6.4 yrs
David Mattinson
Executive Vice President of OnSite Services - Environmental Solutions Division
CA$1M
6.1 yrs
Mike Mikuska
Executive Vice President of Commercial & Transportation
49
1.7 yrs
Brad Markel
Corporate Secretary
Board of Directors Tenure
Average tenure and age of the Secure Energy Services board of directors in years:
- The tenure for the Secure Energy Services board of directors is about average.
Board of Directors
Rene Amirault
Chairman
CA$3M
57
11.9 yrs
Murray Cobbe
Lead Independent Director
CA$255K
69
9.4 yrs
Brad Munro
Independent Director
CA$244K
58
10.1 yrs
Kevin Nugent
Independent Director
CA$247K
52
11.7 yrs
Dan Steinke
Director
CA$2M
53
4 yrs
Dave Johnson
Independent Director
CA$244K
67
11.9 yrs
Shaun Paterson
Independent Director
CA$229K
64
6 yrs
Michele Harradence
Director
CA$92K
49
0.8 yrs
Rick Wise
Director
57
0.3 yrs
Deanna Zumwalt
Director
48
0.1 yrs
Who owns this company?
Recent Insider Trading
- Secure Energy Services insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (CA$) | Value (CA$) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 06. May 19 | Sell | David Engel | Individual | 02. May 19 | 02. May 19 | -19 | CA$7.43 | CA$-141 | ||
| 02. May 19 | Buy | Richard Wise | Individual | 01. May 19 | 02. May 19 | 2,500 | CA$7.83 | CA$19,200 | ||
| 22. Mar 19 | Sell | George Wadsworth | Individual | 22. Mar 19 | 22. Mar 19 | -16,000 | CA$8.64 | CA$-138,240 | ||
| 06. Mar 19 | Sell | George Wadsworth | Individual | 04. Mar 19 | 04. Mar 19 | -10,000 | CA$8.49 | CA$-84,860 | ||
| 05. Mar 19 | Sell | George Wadsworth | Individual | 01. Mar 19 | 01. Mar 19 | -3,066 | CA$8.58 | CA$-26,306 | ||
| 05. Mar 19 | Sell | Daniel Steinke | Individual | 01. Mar 19 | 01. Mar 19 | -25,103 | CA$8.55 | CA$-214,631 | ||
| 04. Mar 19 | Buy | Richard Wise | Individual | 01. Mar 19 | 04. Mar 19 | 3,500 | CA$8.49 | CA$29,613 | ||
| 11. Nov 18 | Sell | Corey Higham | Individual | 07. Nov 18 | 07. Nov 18 | -27 | CA$8.57 | CA$-231 | ||
| 05. Sep 18 | Buy | Shaun Paterson | Individual | 05. Sep 18 | 05. Sep 18 | 500 | CA$7.91 | CA$3,955 | ||
Management checks
We assess Secure Energy Services's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Secure Energy Services has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
An Intrinsic Calculation For Secure Energy Services Inc. (TSE:SES) Suggests It's 26% Undervalued
I will be using the Discounted Cash Flow (DCF) model! … If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in the Simply Wall St analysis model? … View our latest analysis for Secure Energy Services
Simply Wall St - – Full articleIs Secure Energy Services Inc.'s (TSE:SES) 2.4% ROE Worse Than Average?
To keep the lesson grounded in practicality, we'll use ROE to better understand Secure Energy Services Inc. … Over the last twelve months Secure Energy Services has recorded a ROE of 2.4%. … See our latest analysis for Secure Energy Services?
Simply Wall St - – Full articleSecure Energy Services Inc. (TSE:SES): Time For A Financial Health Check
While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Evaluating financial health as part of your investment thesis is. … We'll look at some basic checks that can form a snapshot the company’s financial strength.
Simply Wall St - – Full articleInvestors Who Bought Secure Energy Services (TSE:SES) Shares Five Years Ago Are Now Down 56%
By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … During five years of share price growth, Secure Energy Services moved from a loss to profitability. … A more detailed examination of the revenue and earnings may or may not explain why the share price languishes; there could be an opportunity.
Simply Wall St - – Full articleIs Secure Energy Services Inc. (TSE:SES) A Volatile Stock?
(TSE:SES), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … While we should keep in mind that Warren Buffett has cautioned that 'Volatility is far from synonymous with risk', beta is still a useful factor to consider.
Simply Wall St - – Full articleDoes Secure Energy Services Inc.'s (TSE:SES) CEO Pay Matter?
Rene Amirault has been the CEO of Secure Energy Services Inc. … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Rene Amirault's Compensation Compare With Similar Sized Companies?
Simply Wall St - – Full articleIs Secure Energy Services Inc. (TSE:SES) A Smart Pick For Income Investors?
Historically, Secure Energy Services Inc. … Let's take a look at Secure Energy Services in more detail. … View our latest analysis for Secure Energy Services?
Simply Wall St - – Full articleHave Insiders Been Buying Secure Energy Services Inc (TSE:SES) Shares?
So we'll take a look at whether insiders have been buying or selling shares in Secure Energy Services Inc (TSE:SES). … The Last 12 Months Of Insider Transactions At Secure Energy Services. … In total, Secure Energy Services insiders bought more than they sold over the last year
Simply Wall St - – Full articleDoes Secure Energy Services Inc (TSE:SES) Have A High Beta?
Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … While we should keep in mind that Warren Buffett has cautioned that 'Volatility is far from synonymous with risk', beta is still a useful factor to consider.
Simply Wall St - – Full articleIs Secure Energy Services Inc's (TSE:SES) CEO Salary Justified?
This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … At the time of writing our data says that Secure Energy Services Inc has a market cap of CA$1.3b, and is paying total annual CEO compensation of CA$3m. … Thus we can conclude that Rene Amirault receives more in total compensation than the median of a group of companies in the same market, and of similar size to Secure Energy Services Inc
Simply Wall St - – Full articleCompany Info
Description
Secure Energy Services Inc., an energy services company, provides specialized solutions to upstream oil and natural gas companies operating primarily in the Western Canadian Sedimentary Basin and North Dakota. The company’s Midstream Infrastructure division provides services, such as clean oil terminalling, rail transloading, pipeline transportation, marketing and custom treating of crude oil, produced and waste water disposal, oilfield waste processing, and purchase/resale of oil services through its full service terminals, full service rail facilities, crude oil pipelines, crude oil terminalling facilities, water disposal facilities, and landfills. Its Environmental Solutions division offers pipeline integrity projects; demolition, decommissioning, reclamation, and remediation of former well sites, facilities, and commercial and industrial properties; environmental construction projects; onsite integrated fluid solutions for water management, recycling, pumping, and storage; naturally occurring radioactive material management; waste container services; and emergency response services. The Company’s Technical Solutions division provides product solutions for drilling, completion, and production operations for oil and gas producers; and design and implementation of drilling fluid systems for producers drilling for oil, bitumen and natural gas. This division also offers equipment and chemical solutions for chemicals and enhanced oil recovery line. Secure Energy Services Inc. is headquartered in Calgary, Canada.
Details
| Name: | Secure Energy Services Inc. |
| SES | |
| Exchange: | TSX |
| Founded: | |
| CA$1,225,310,427 | |
| 161,437,474 | |
| Website: | http://www.secure-energy.com |
| Address: |
Secure Energy Services Inc. Bow Valley Square 2, Suite 3600, Calgary, Alberta, T2P 2V7, Canada |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| TSX | SES | Common Shares | The Toronto Stock Exchange | CA | CAD | 30. Mar 2010 | |
| OTCPK | SECY.F | Common Shares | Pink Sheets LLC | US | USD | 30. Mar 2010 | |
| DB | SEP | Common Shares | Deutsche Boerse AG | DE | EUR | 30. Mar 2010 |
Number of employees
Current staff
Industry
| Oil and Gas Equipment and Services | |
| Energy |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/05/22 06:15 |
| End of day share price update: | 2019/05/21 00:00 |
| Last estimates confirmation: | 2019/05/01 |
| Last earnings filing: | 2019/04/29 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
