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Trinidad Drilling

TSX:TDG
Snowflake Description

Overvalued with worrying balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TDG
TSX
CA$459M
Market Cap
  1. Home
  2. CA
  3. Energy
Company description

Trinidad Drilling Ltd. designs, builds, and operates drilling rigs for complex wells primarily in Canada, the United States, and internationally. The last earnings update was 110 days ago. More info.


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TDG Share Price and Events
7 Day Returns
0%
TSX:TDG
1.3%
CA Energy Services
0.4%
CA Market
1 Year Returns
-10.6%
TSX:TDG
-18.1%
CA Energy Services
1.3%
CA Market
TDG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Trinidad Drilling (TDG) 0% 0% 0% -10.6% -5.1% -85.2%
CA Energy Services 1.3% 6.8% 5.4% -18.1% 1.8% -61.5%
CA Market 0.4% 4.3% 5.5% 1.3% 21.1% 5.2%
1 Year Return vs Industry and Market
  • TDG outperformed the Energy Services industry which returned -18.1% over the past year.
  • TDG underperformed the Market in Canada which returned 1.3% over the past year.
Price Volatility
TDG
Industry
5yr Volatility vs Market

Value

 Is Trinidad Drilling undervalued based on future cash flows and its price relative to the stock market?

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
  • It is not possible to calculate the future cash flow value for Trinidad Drilling. This is due to cash flow or dividend data being unavailable. The share price is CA$1.68.
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 Trinidad Drilling's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Trinidad Drilling's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:TDG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in CAD CA$-1.97
TSX:TDG Share Price ** TSX (2019-02-19) in CAD CA$1.68
Canada Energy Services Industry PE Ratio Median Figure of 18 Publicly-Listed Energy Services Companies 19.97x
Canada Market PE Ratio Median Figure of 546 Publicly-Listed Companies 14.96x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Trinidad Drilling.

TSX:TDG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:TDG Share Price ÷ EPS (both in CAD)

= 1.68 ÷ -1.97

-0.85x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Trinidad Drilling is loss making, we can't compare its value to the CA Energy Services industry average.
  • Trinidad Drilling is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Trinidad Drilling's expected growth come at a high price?
Raw Data
TSX:TDG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.85x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Canada Energy Services Industry PEG Ratio Median Figure of 10 Publicly-Listed Energy Services Companies 0.87x
Canada Market PEG Ratio Median Figure of 253 Publicly-Listed Companies 0.97x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Trinidad Drilling, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Trinidad Drilling's assets?
Raw Data
TSX:TDG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in CAD CA$2.81
TSX:TDG Share Price * TSX (2019-02-19) in CAD CA$1.68
Canada Energy Services Industry PB Ratio Median Figure of 42 Publicly-Listed Energy Services Companies 0.86x
Canada Market PB Ratio Median Figure of 2,335 Publicly-Listed Companies 1.57x
TSX:TDG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:TDG Share Price ÷ Book Value per Share (both in CAD)

= 1.68 ÷ 2.81

0.6x

* Primary Listing of Trinidad Drilling.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Trinidad Drilling is good value based on assets compared to the CA Energy Services industry average.
X
Value checks
We assess Trinidad Drilling's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Energy Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Energy Services industry average (and greater than 0)? (1 check)
  5. Trinidad Drilling has a total score of 1/6, 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

 How is Trinidad Drilling expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Trinidad Drilling has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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!
Annual Growth Rate
45.3%
Expected Energy Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Trinidad Drilling expected to grow at an attractive rate?
  • Unable to compare Trinidad Drilling's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Trinidad Drilling's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Trinidad Drilling's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSX:TDG Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Energy Services Industry Earnings Growth Rate Market Cap Weighted Average 45.3%
Canada Energy Services Industry Revenue Growth Rate Market Cap Weighted Average 9.6%
Canada Market Earnings Growth Rate Market Cap Weighted Average 18.6%
Canada Market Revenue Growth Rate Market Cap Weighted Average 7%

*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
Raw Data
TSX:TDG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:TDG Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2018-12-31
TSX:TDG Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-09-30 596 82 -538
2018-06-30 551 44 -96
2018-03-31 522 57 -90
2017-12-31 502 20 -80
2017-09-30 457 -11 -74
2017-06-30 394 17 -65
2017-03-31 387 -13 -76
2016-12-31 362 30 -53
2016-09-30 407 145 -182
2016-06-30 464 147 -234
2016-03-31 465 230 -219
2015-12-31 552 215 -218

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Trinidad Drilling is high growth as no earnings estimate data is available.
  • Unable to determine if Trinidad Drilling is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:TDG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Trinidad Drilling Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:TDG Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2018-12-31
TSX:TDG Past Financials Data
Date (Data in CAD Millions) EPS *
2018-09-30 -1.97
2018-06-30 -0.35
2018-03-31 -0.33
2017-12-31 -0.30
2017-09-30 -0.29
2017-06-30 -0.27
2017-03-31 -0.33
2016-12-31 -0.24
2016-09-30 -0.82
2016-06-30 -1.10
2016-03-31 -1.15
2015-12-31 -1.30

*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 Trinidad Drilling will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Trinidad Drilling's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Energy companies here
  2. Trinidad Drilling's competitive advantages and company strategy can generally be found in its financial reports archived here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Trinidad Drilling's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Trinidad Drilling has a total score of 0/6, 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 Trinidad Drilling 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
Below we compare Trinidad Drilling's growth in the last year to its industry (Energy Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Trinidad Drilling does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Trinidad Drilling's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Trinidad Drilling's 1-year growth to the CA Energy Services industry average as it is not currently profitable.
Earnings and Revenue History
Trinidad Drilling's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Trinidad Drilling Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:TDG Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 595.52 -537.79 54.37
2018-06-30 550.54 -96.44 55.57
2018-03-31 522.13 -90.14 57.33
2017-12-31 501.62 -79.62 52.98
2017-09-30 456.77 -73.74 53.16
2017-06-30 393.92 -65.11 52.45
2017-03-31 387.23 -75.79 54.15
2016-12-31 362.14 -52.55 56.82
2016-09-30 407.09 -182.21 60.05
2016-06-30 464.42 -233.97 61.41
2016-03-31 465.15 -219.18 59.61
2015-12-31 551.90 -218.35 62.93
2015-09-30 690.24 -90.38 58.45
2015-06-30 810.49 16.31 57.04
2015-03-31 884.23 -7.04 61.43
2014-12-31 941.33 6.60 65.65
2014-09-30 889.55 48.79 68.43
2014-06-30 853.71 38.80 77.58
2014-03-31 850.21 63.97 75.88
2013-12-31 845.89 70.95 71.00
2013-09-30 830.88 30.02 70.32
2013-06-30 837.29 40.80 65.18
2013-03-31 846.12 53.32 61.29
2012-12-31 859.33 55.04 57.55
2012-09-30 897.15 92.60 59.33
2012-06-30 878.83 102.82 55.87
2012-03-31 854.23 94.96 54.56

*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.
  • It is difficult to establish if Trinidad Drilling has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Trinidad Drilling has efficiently used its assets last year compared to the CA Energy Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Trinidad Drilling improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Trinidad Drilling's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Energy Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Trinidad Drilling has a total score of 0/6, 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 Trinidad Drilling'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 Trinidad Drilling's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Trinidad Drilling is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Trinidad Drilling's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Trinidad Drilling's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.4x 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.
Raw Data

All data from Trinidad Drilling Company Filings, last reported 4 months ago.

TSX:TDG Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 781.23 496.10 6.77
2018-06-30 1,276.70 475.06 8.30
2018-03-31 1,271.72 554.37 13.58
2017-12-31 1,272.25 511.67 3.95
2017-09-30 1,288.49 479.16
2017-06-30 1,355.10 442.52 34.63
2017-03-31 1,376.46 487.98 13.47
2016-12-31 1,249.87 603.02 25.78
2016-09-30 1,248.71 585.72 29.34
2016-06-30 1,279.53 576.02 44.27
2016-03-31 1,299.71 618.48 48.39
2015-12-31 1,337.91 706.92 63.69
2015-09-30 1,453.89 680.14 24.73
2015-06-30 1,180.84 623.45 115.57
2015-03-31 1,197.59 625.80 69.27
2014-12-31 1,135.89 527.81 71.06
2014-09-30 1,149.23 495.33 141.67
2014-06-30 1,103.37 471.12 263.95
2014-03-31 1,158.28 487.89 278.07
2013-12-31 1,114.09 468.67 268.16
2013-09-30 908.94 461.17 78.55
2013-06-30 901.82 466.25 27.16
2013-03-31 897.41 501.96 11.79
2012-12-31 863.85 510.42 4.93
2012-09-30 879.21 542.71
2012-06-30 877.31 547.65 14.60
2012-03-31 862.96 582.81
  • Trinidad Drilling's level of debt (63.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (50.6% vs 63.5% today).
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.

  • Trinidad Drilling has less than a year of cash runway based on current free cash flow.
  • Trinidad Drilling has less than a year of cash runway if free cash flow continues to grow at historical rates of 69.4% each year.
X
Financial health checks
We assess Trinidad Drilling's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Trinidad Drilling has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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 Trinidad Drilling'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
Dividend payments
0%
Current annual income from Trinidad Drilling dividends.
If you bought CA$2,000 of Trinidad Drilling shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Trinidad Drilling's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Trinidad Drilling's dividend against the top 25% market benchmark as the company has not reported any payouts.
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.
Raw Data
TSX:TDG Annualized Past and Future Dividends
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 0 Analyst Estimates (S&P Global) See Below
Canada Energy Services Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 3.7%
Canada Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
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.

TSX:TDG Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2018-12-31
TSX:TDG Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2018-02-27 0.000 0.000
2017-11-08 0.000 0.000
2017-08-02 0.000 0.000
2017-08-01 0.000 0.000
2017-05-09 0.000 0.000
2017-03-01 0.000 0.000
2016-08-02 0.000 0.000
2016-03-03 0.000 0.000
2015-11-03 0.000 0.000
2015-09-18 0.200 7.987
2015-06-17 0.200 6.324
2015-03-18 0.200 4.290
2014-12-15 0.200 4.372
2014-09-15 0.200 2.935
2014-06-18 0.200 1.881
2014-03-17 0.200 1.694
2013-12-17 0.200 1.995
2013-09-16 0.200 1.991
2013-06-14 0.200 2.298
2013-03-15 0.200 2.817
2012-12-14 0.200 2.819
2012-09-19 0.200 2.930
2012-06-15 0.200 3.299
2012-03-19 0.200 3.305
2011-12-19 0.200 2.774
2011-09-19 0.200 2.776
2011-06-16 0.200 2.413
2011-03-22 0.200 2.080
2010-12-17 0.200 2.764
2010-09-20 0.200 3.766
2010-06-16 0.200 3.869
2010-03-19 0.200 3.424
2009-12-17 0.200 2.721
2009-09-16 0.200 2.946
2009-06-03 0.200 3.942
2009-03-02 0.200 5.710

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Trinidad Drilling has not reported any payouts.
  • Unable to verify if Trinidad Drilling's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Trinidad Drilling's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Trinidad Drilling has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Trinidad Drilling's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Trinidad Drilling afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Trinidad Drilling has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Trinidad Drilling's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • Trinidad Drilling has no CEO, or we have no data on them.
Management Team Tenure

Average tenure of the Trinidad Drilling management team in years:

1.5
Average Tenure
  • The average tenure for the Trinidad Drilling management team is less than 2 years, this suggests a new team.
Management Team

Nial Shepherd

TITLE
Senior Vice President of Trinidad Drilling International
COMPENSATION
CA$852K
TENURE
1.7 yrs

Bob Geddes

TITLE
President
AGE
61
TENURE
0.3 yrs

Mike Gray

TITLE
Chief Financial Officer
TENURE
0.3 yrs

Lisa Ottmann

TITLE
Vice President of Investor Relations
TENURE
7.3 yrs

Ron Parent

TITLE
Vice President of Human Resources
TENURE
1.8 yrs

Gavin Bryan Lane

TITLE
Senior Vice President of Canadian Operations
TENURE
1.3 yrs

Scott Clarke

TITLE
Corporate Secretary
Board of Directors Tenure

Average tenure and age of the Trinidad Drilling board of directors in years:

0.3
Average Tenure
68
Average Age
  • The average tenure for the Trinidad Drilling board of directors is less than 3 years, this suggests a new board.
Board of Directors

Bob Geddes

TITLE
President
AGE
61
TENURE
0.3 yrs

Gary Casswell

TITLE
Director
AGE
65
TENURE
0.3 yrs

Jim Howe

TITLE
Director
AGE
68
TENURE
0.3 yrs

Len Kangas

TITLE
Director
AGE
69
TENURE
0.3 yrs

John Schroeder

TITLE
Director
AGE
71
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • Trinidad Drilling insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
21. Feb 19 Buy Ensign Energy Services Inc. Company 21. Dec 18 15. Feb 19 36,443,737 CA$1.68 CA$60,978,356
14. Dec 18 Buy Ensign Energy Services Inc. Company 28. Nov 18 12. Dec 18 56,039,447 CA$1.68 CA$94,140,537
06. Dec 18 Sell Laura Ingram Individual 06. Dec 18 06. Dec 18 -3,166 CA$1.68 CA$-5,319
06. Dec 18 Sell Ronald Parent Individual 06. Dec 18 06. Dec 18 -41,121 CA$1.68 CA$-69,083
30. Nov 18 Buy Ensign Energy Services Inc. Company 27. Nov 18 27. Nov 18 154,111,528 CA$1.68 CA$258,907,281
12. Sep 18 Buy Brian Burden Individual 10. Aug 18 10. Aug 18 14,600 CA$1.50 CA$21,887
22. Aug 18 Buy Ronald Parent Individual 10. Aug 18 10. Aug 18 1,633 CA$1.47 CA$2,401
13. Aug 18 Buy Adrian Lachance Individual 10. Aug 18 10. Aug 18 284,100 CA$1.52 CA$425,307
13. Aug 18 Buy Brian Burden Individual 10. Aug 18 10. Aug 18 20,400 CA$1.49 CA$30,396
10. Aug 18 Buy Brent Conway Individual 10. Aug 18 10. Aug 18 100,000 CA$1.50 CA$148,185
X
Management checks
We assess Trinidad Drilling's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Trinidad Drilling 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

Why Trinidad Drilling Ltd's (TSE:TDG) Investor Composition Impacts Your Returns

In this article, I'm going to take a look at Trinidad Drilling Ltd’s (TSE:TDG) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … Ownership structure of a company has been found to affect share performance over time. … Check out our latest analysis for Trinidad Drilling

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Trinidad Drilling Ltd (TSE:TDG) Is Expected To Breakeven

Trinidad Drilling Ltd's (TSE:TDG):. … designs, builds, and operates drilling rigs for complex wells primarily in Canada, the United States, and internationally. … The CA$489.49m market-cap posted a loss in its most recent financial year of -CA$79.62m and a latest trailing-twelve-month loss of -CA$90.14m leading to an even wider gap between loss and breakeven.

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What You Must Know About Trinidad Drilling Ltd's (TSE:TDG) Financial Strength

How does TDG’s operating cash flow stack up against its debt? … Additionally, TDG has generated cash from operations of CA$20.48M over the same time period, resulting in an operating cash to total debt ratio of 4.00%, meaning that TDG’s operating cash is not sufficient to cover its debt. … Maintaining a high level of debt, while revenues are still below costs, can be dangerous as liquidity tends to dry up in unexpected downturns.Next Steps: At its current level of cash flow coverage, TDG has room for improvement to better cushion for events which may require debt repayment.

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At $1.91, Is Trinidad Drilling Ltd (TSE:TDG) A Buy?

Let’s take a look at Trinidad Drilling’s outlook and value based on the most recent financial data to see if the opportunity still exists. … According to my valuation model, Trinidad Drilling seems to be fairly priced at around 18% above my intrinsic value, which means if you buy Trinidad Drilling today, you’d be paying a relatively fair price for it. … It seems like the market has already priced in TDG’s future outlook, with shares trading around its fair value.

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Interested In Trinidad Drilling Ltd (TSE:TDG)? Here's How It Performed Recently

After looking at Trinidad Drilling Ltd's (TSX:TDG) latest earnings announcement (31 December 2017), I found it useful to revisit the company's performance in the past couple of years and assess this against the most recent figures. … View our latest analysis for Trinidad Drilling Commentary On TDG's Past Performance For the purpose of this commentary, I like to use data from the most recent 12 months, which annualizes the most recent half-year data, or in some cases, the latest annual report is already the most recent financial year data. … Looking at growth from a sector-level, the Canadian energy services industry has been enduring some headwinds over the past couple of years, leading to an average earnings drop of -9.42% in the most recent year.

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Is Trinidad Drilling Ltd's (TSE:TDG) Balance Sheet A Threat To Its Future?

How does TDG’s operating cash flow stack up against its debt? … Moreover, TDG has produced cash from operations of CA$20.48M over the same time period, leading to an operating cash to total debt ratio of 4.00%, signalling that TDG’s debt is not appropriately covered by operating cash. … Maintaining a high level of debt, while revenues are still below costs, can be dangerous as liquidity tends to dry up in unexpected downturns.Next Steps: TDG’s cash flow coverage indicates it could improve its operating efficiency in order to meet demand for debt repayments should unforeseen events arise.

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What Do Analysts Think About Trinidad Drilling Ltd's (TSX:TDG) Earnings Trend?

Trinidad Drilling Ltd's (TSX:TDG) released its most recent earnings update in September 2017, which confirmed that losses became smaller relative to the prrior year's level - great news for investors Below, I've presented key growth figures on how market analysts perceive Trinidad Drilling's earnings growth trajectory over the next couple of years and whether the future looks brighter. … Check out our latest analysis for Trinidad Drilling Market analysts' consensus outlook for the upcoming year seems pessimistic, with earnings becoming even more negative, reaching CA$-74.6M in 2018. … This means, we can expect Trinidad Drilling will grow its earnings by 23.77% every year for the next couple of years.

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What You Must Know About Trinidad Drilling Ltd's (TSX:TDG) Major Investors

View our latest analysis for Trinidad Drilling TSX:TDG Ownership Summary Nov 10th 17 Institutional Ownership In TDG's case, institutional ownership stands at 47.51%, significant enough to cause considerable price moves in the case of large institutional transactions, especially when there is a low level of public shares available on the market to trade. … Insider Ownership Insiders form another group of important ownership types as they manage the company's operations and decide the best use of capital. … TDG's considerably high level of institutional ownership calls for further analysis into its margin of safety.

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Should You Buy Trinidad Drilling Ltd (TSX:TDG) Now?

Trinidad Drilling Ltd (TSX:TDG), an energy company based in Canada, saw significant share price volatility over the past couple of months on the TSX, rising to the highs of $1.91 and falling to the lows of $1.46. … Let’s take a look at TDG’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change. … Will you have enough confidence to invest in the company should the price drop below its fair value?

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Company Info

Map
Description

Trinidad Drilling Ltd. designs, builds, and operates drilling rigs for complex wells primarily in Canada, the United States, and internationally. It provides land drilling services. The company operates 70 rigs in Canada; and 69 rigs in the United States and internationally. It also engages in construction and insurance businesses; and provides rig technology and labor services. The company was founded in 1996 and is headquartered in Calgary, Canada. As of February 15, 2019, Trinidad Drilling Ltd. operates as a subsidiary of Ensign Drilling Inc.

Details
Name: Trinidad Drilling Ltd.
TDG
Exchange: TSX
Founded: 1996
CA$459,409,357
273,457,951
Website: http://www.trinidaddrilling.com
Address: Trinidad Drilling Ltd.
1000, 585 - 8th Avenue SW,
Calgary,
Alberta, T2P 1G1,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX TDG Common Shares The Toronto Stock Exchange CA CAD 11. Oct 2000
TSX TDG Old Common Shares The Toronto Stock Exchange CA CAD 28. Feb 2019
Number of employees
Current staff
Staff numbers
1,960
Trinidad Drilling employees.
Industry
Oil and Gas Drilling
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/28 01:20
End of day share price update: 2019/02/19 00:00
Last estimates confirmation: 2019/02/21
Last earnings filing: 2018/11/10
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


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.