Source Energy Services Ltd. produces, supplies, and distributes Northern White frac sand used primarily in oil and gas exploration and production in Western Canada and the United States.
Adequate balance sheet and overvalued.
Share Price & News
How has Source Energy Services's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SHLE's share price has been volatile over the past 3 months.
7 Day Return
CA Energy Services
1 Year Return
CA Energy Services
Return vs Industry: SHLE underperformed the Canadian Energy Services industry which returned -60.8% over the past year.
Return vs Market: SHLE underperformed the Canadian Market which returned -12.5% over the past year.
Price Volatility Vs. Market
How volatile is Source Energy Services's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StSource Energy Services Ltd. (TSE:SHLE) Just Reported And Analysts Have Been Cutting Their Estimates
4 weeks ago | Simply Wall StIs Source Energy Services Ltd.'s (TSE:SHLE) CEO Pay Justified?
1 month ago | Simply Wall StHow Does Investing In Source Energy Services Ltd. (TSE:SHLE) Impact The Volatility Of Your Portfolio?
Is Source Energy Services undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate SHLE's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate SHLE's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: SHLE is unprofitable, so we can't compare its PE Ratio to the Energy Services industry average.
PE vs Market: SHLE 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 SHLE's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SHLE is good value based on its PB Ratio (0.2x) compared to the CA Energy Services industry average (0.4x).
How is Source Energy Services forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SHLE is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: SHLE is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: SHLE is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: SHLE's revenue (3.1% per year) is forecast to grow slower than the Canadian market (5.5% per year).
High Growth Revenue: SHLE's revenue (3.1% 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 SHLE's Return on Equity is forecast to be high in 3 years time
How has Source Energy Services performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SHLE is currently unprofitable.
Growing Profit Margin: SHLE is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: SHLE is unprofitable, and losses have increased over the past 5 years at a rate of -64.1% per year.
Accelerating Growth: Unable to compare SHLE's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: SHLE is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (6.1%).
Return on Equity
High ROE: SHLE has a negative Return on Equity (-874.38%), as it is currently unprofitable.
How is Source Energy Services's financial position?
Financial Position Analysis
Short Term Liabilities: SHLE's short term assets (CA$104.8M) exceed its short term liabilities (CA$60.3M).
Long Term Liabilities: SHLE's short term assets (CA$104.8M) do not cover its long term liabilities (CA$237.9M).
Debt to Equity History and Analysis
Debt Level: SHLE's debt to equity ratio (605.1%) is considered high.
Reducing Debt: SHLE had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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 SHLE has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: SHLE is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 54.7% per year.
What is Source Energy Services's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate SHLE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate SHLE'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 SHLE's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SHLE's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of SHLE'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 board tenure
Brad Thomson (63yo)
Mr. Bradley J. Thomson, also known as Brad, serves as the Chief Executive Officer and President of Source Energy Services Ltd and Source Energy Services Canada LP. Mr. Thomson has been the Vice President o ...
CEO Compensation Analysis
Compensation vs Market: Brad's total compensation ($USD837.65K) is above average for companies of similar size in the Canadian market ($USD173.09K).
Compensation vs Earnings: Brad's compensation has been consistent with company performance over the past year.
|CEO, President & Director||no data||CA$1.13m||5.5% CA$368.6k|
|Independent Director||3.42yrs||CA$129.29k||no data|
|Independent Director||1.42yrs||CA$128.70k||no data|
|Independent Director||3.42yrs||CA$146.79k||19.14% CA$1.3m|
|Independent Chairman of the Board||1.42yrs||CA$169.26k||0.34% CA$22.5k|
|Independent Director||1.33yrs||CA$129.08k||no data|
|Independent Director||2.17yrs||CA$140.78k||no data|
Experienced Board: SHLE's board of directors are not considered experienced ( 2.2 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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Source Energy Services Ltd.'s company bio, employee growth, exchange listings and data sources
- Name: Source Energy Services Ltd.
- Ticker: SHLE
- Exchange: TSX
- Founded: 2017
- Industry: Oil and Gas Equipment and Services
- Sector: Energy
- Implied Market Cap: CA$6.705m
- Market Cap: CA$6.562m
- Shares outstanding: 60.95m
- Website: https://www.sourceenergyservices.com
Number of Employees
- Source Energy Services Ltd.
- 438 — 11th Avenue S.E.
- Suite 500
- T2G 0Y4
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|SHLE||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||Apr 2017|
|S4O||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Apr 2017|
|SCEY.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Apr 2017|
Source Energy Services Ltd. produces, supplies, and distributes Northern White frac sand used primarily in oil and gas exploration and production in Western Canada and the United States. It also provides storage and logistics services for other bulk oil and gas well completion materials; and develops wellsite mobile sand storage and handling system. The company was founded in 2017 and is headquartered in Calgary, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/09 00:07|
|End of Day Share Price||2020/07/08 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.