TSX:SRX

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Storm Resources

Executive Summary

Storm Resources Ltd. operates as a crude oil and natural gas exploration and development company in Canada. More Details


Snowflake Analysis

Fair value with limited growth.


Similar Companies

Share Price & News

How has Storm Resources's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SRX's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

1.8%

SRX

-0.2%

CA Oil and Gas

-0.4%

CA Market


1 Year Return

72.9%

SRX

-33.4%

CA Oil and Gas

-3.9%

CA Market

Return vs Industry: SRX exceeded the Canadian Oil and Gas industry which returned -34.5% over the past year.

Return vs Market: SRX exceeded the Canadian Market which returned -4.3% over the past year.


Shareholder returns

SRXIndustryMarket
7 Day1.8%-0.2%-0.4%
30 Day12.1%-1.4%3.1%
90 Day44.8%-11.0%2.4%
1 Year72.9%72.9%-29.7%-33.4%-0.4%-3.9%
3 Year-32.6%-32.6%-35.9%-43.8%6.7%-3.8%
5 Year-39.7%-39.7%-29.3%-41.7%35.5%14.7%

Price Volatility Vs. Market

How volatile is Storm Resources's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Storm Resources undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SRX (CA$2.28) is trading below our estimate of fair value (CA$5.92)

Significantly Below Fair Value: SRX is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: SRX is poor value based on its PE Ratio (164.1x) compared to the CA Oil and Gas industry average (15.3x).

PE vs Market: SRX is poor value based on its PE Ratio (164.1x) compared to the Canadian market (16.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate SRX's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SRX is good value based on its PB Ratio (0.7x) compared to the CA Oil and Gas industry average (0.8x).


Next Steps

Future Growth

How is Storm Resources forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

21.6%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if SRX's forecast earnings growth is above the savings rate (1.7%).

Earnings vs Market: Insufficient data to determine if SRX'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: SRX's revenue (21.6% per year) is forecast to grow faster than the Canadian market (5.8% per year).

High Growth Revenue: SRX's revenue (21.6% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SRX's Return on Equity is forecast to be low in 3 years time (7.5%).


Next Steps

Past Performance

How has Storm Resources performed over the past 5 years?

47.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SRX has high quality earnings.

Growing Profit Margin: SRX's current net profit margins (1.2%) are lower than last year (20.1%).


Past Earnings Growth Analysis

Earnings Trend: SRX has become profitable over the past 5 years, growing earnings by 47% per year.

Accelerating Growth: SRX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: SRX had negative earnings growth (-96%) over the past year, making it difficult to compare to the Oil and Gas industry average (-50.9%).


Return on Equity

High ROE: SRX's Return on Equity (0.4%) is considered low.


Next Steps

Financial Health

How is Storm Resources's financial position?


Financial Position Analysis

Short Term Liabilities: SRX's short term assets (CA$11.4M) do not cover its short term liabilities (CA$16.6M).

Long Term Liabilities: SRX's short term assets (CA$11.4M) do not cover its long term liabilities (CA$172.8M).


Debt to Equity History and Analysis

Debt Level: SRX's debt to equity ratio (30.7%) is considered satisfactory.

Reducing Debt: SRX's debt to equity ratio has increased from 12.9% to 30.7% over the past 5 years.

Debt Coverage: SRX's debt is well covered by operating cash flow (43.6%).

Interest Coverage: SRX's interest payments on its debt are not well covered by EBIT (2.3x coverage).


Balance Sheet


Next Steps

Dividend

What is Storm Resources's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate SRX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate SRX'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 SRX's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SRX'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 SRX's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.4yrs

Average management tenure


CEO

Brian Lavergne (54 yo)

10.33yrs

Tenure

CA$500,960

Compensation

Mr. Brian Lavergne has been the President and Chief Executive Officer of Storm Resources Ltd. since June 8, 2010. Mr. Lavergne served as President and Chief Executive Officer of Storm Exploration Inc.(SEI) ...


CEO Compensation Analysis

Compensation vs Market: Brian's total compensation ($USD381.59K) is below average for companies of similar size in the Canadian market ($USD623.14K).

Compensation vs Earnings: Brian's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Brian Lavergne
President10.33yrsCA$500.96k2.63%
CA$ 7.1m
Michael Hearn
CFO & Corporate Secretary3.42yrsCA$472.30k0.071%
CA$ 192.4k
Robert Tiberio
Chief Operating Officer10.17yrsCA$540.86k0.96%
CA$ 2.6m
Jamie Conboy
Vice President of Geology5.42yrsCA$444.50k0.54%
CA$ 1.5m
Hayden Evans
Vice President of Exploitation5.42yrsCA$500.40k0.60%
CA$ 1.6m

5.4yrs

Average Tenure

Experienced Management: SRX's management team is seasoned and experienced (5.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Brian Lavergne
President10.33yrsCA$500.96k2.63%
CA$ 7.1m
James Wilson
Independent Director10.33yrsCA$66.20k0.089%
CA$ 242.2k
John Brussa
Independent Director10.33yrsCA$68.15k0.51%
CA$ 1.4m
Matthew Brister
Independent Director10.33yrsCA$69.60k1.43%
CA$ 3.9m
Gregory Turnbull
Independent Director10.33yrsCA$66.70k0.31%
CA$ 838.5k
P. Wierzba
Independent Director10.33yrsCA$73.26k0.40%
CA$ 1.1m
Stuart Clark
Independent Chairman10.17yrsCA$85.55k3.7%
CA$ 10.0m
Mark Butler
Independent Director10.33yrsCA$77.58k0.17%
CA$ 458.8k
Sheila Leggett
Independent Director2.25yrsCA$67.20k0.014%
CA$ 38.9k

10.3yrs

Average Tenure

64yo

Average Age

Experienced Board: SRX's board of directors are seasoned and experienced ( 10.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: SRX insiders have only sold shares 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

Storm Resources Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Storm Resources Ltd.
  • Ticker: SRX
  • Exchange: TSX
  • Founded: 2010
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: CA$271.072m
  • Shares outstanding: 121.56m
  • Website: https://www.stormresourcesltd.com

Number of Employees


Location

  • Storm Resources Ltd.
  • 215 – 2nd Street SW
  • Suite 600
  • Calgary
  • Alberta
  • T2P 1M4
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SRXTSX (The Toronto Stock Exchange)YesCommon SharesCACADAug 2010
SRML.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDAug 2010
64TDB (Deutsche Boerse AG)YesCommon SharesDEEURAug 2010

Biography

Storm Resources Ltd. operates as a crude oil and natural gas exploration and development company in Canada. The company primarily owns interest in lands covering an area of 121,000 net acres in 172 net sec ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/24 00:47
End of Day Share Price2020/10/23 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.