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TOT

Total Energy Services TSX:TOT Stock Report

Last Price

CA$7.95

Market Cap

CA$336.6m

7D

-2.1%

1Y

78.3%

Updated

28 Jun, 2022

Data

Company Financials +
TOT fundamental analysis
Snowflake Score
Valuation2/6
Future Growth4/6
Past Performance2/6
Financial Health4/6
Dividends3/6

TOT Stock Overview

Total Energy Services Inc. provides various products and services to the oil and natural gas industry primarily in Canada, the United States, and Australia.

Total Energy Services Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Total Energy Services
Historical stock prices
Current Share PriceCA$7.95
52 Week HighCA$9.53
52 Week LowCA$3.58
Beta2.16
1 Month Change-14.15%
3 Month Change1.79%
1 Year Change78.25%
3 Year Change-1.24%
5 Year Change-39.22%
Change since IPO2,171.43%

Recent News & Updates

Shareholder Returns

TOTCA Energy ServicesCA Market
7D-2.1%-3.2%-0.4%
1Y78.3%9.4%-2.9%

Return vs Industry: TOT exceeded the Canadian Energy Services industry which returned 5.4% over the past year.

Return vs Market: TOT exceeded the Canadian Market which returned -2.6% over the past year.

Price Volatility

Is TOT's price volatile compared to industry and market?
TOT volatility
TOT Average Weekly Movement6.7%
Energy Services Industry Average Movement8.2%
Market Average Movement10.1%
10% most volatile stocks in CA Market17.3%
10% least volatile stocks in CA Market4.4%

Stable Share Price: TOT is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: TOT's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1996n/aDan Halykhttps://www.totalenergy.ca

Total Energy Services Inc. provides various products and services to the oil and natural gas industry primarily in Canada, the United States, and Australia. It operates through four segments: Contract Drilling Services, Rentals and Transportation Services, Compression and Process Services and Well Servicing. The Contract Drilling Services segment offers contract drilling services to oil and gas exploration and development companies.

Total Energy Services Fundamentals Summary

How do Total Energy Services's earnings and revenue compare to its market cap?
TOT fundamental statistics
Market CapCA$336.56m
Earnings (TTM)CA$5.69m
Revenue (TTM)CA$499.84m

59.1x

P/E Ratio

0.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TOT income statement (TTM)
RevenueCA$499.84m
Cost of RevenueCA$384.50m
Gross ProfitCA$115.34m
Other ExpensesCA$109.65m
EarningsCA$5.69m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.13
Gross Margin23.07%
Net Profit Margin1.14%
Debt/Equity Ratio34.5%

How did TOT perform over the long term?

See historical performance and comparison

Dividends

3.0%

Current Dividend Yield

n/a

Payout Ratio

Does TOT pay a reliable dividends?

See TOT dividend history and benchmarks
When do you need to buy TOT by to receive an upcoming dividend?
Total Energy Services dividend dates
Ex Dividend DateJun 29 2022
Dividend Pay DateJul 15 2022
Days until Ex dividend0 days
Days until Dividend pay date16 days

Does TOT pay a reliable dividends?

See TOT dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

Is TOT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TOT?

Other financial metrics that can be useful for relative valuation.

TOT key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.9x
Enterprise Value/EBITDA5.5x
PEG Ratio1.1x

Price to Earnings Ratio vs Peers

How does TOT's PE Ratio compare to its peers?

TOT PE Ratio vs Peers
The above table shows the PE ratio for TOT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average13.8x
CMG Computer Modelling Group
21.3x11.2%CA$392.0m
NOA North American Construction Group
9.2x6.7%CA$418.9m
CEU CES Energy Solutions
11.4x35.9%CA$625.8m
TVK TerraVest Industries
13.2xn/aCA$433.5m
TOT Total Energy Services
59.1x52.7%CA$336.6m

Price-To-Earnings vs Peers: TOT is expensive based on its Price-To-Earnings Ratio (59.1x) compared to the peer average (13.8x).


Price to Earnings Ratio vs Industry

How does TOT's PE Ratio compare vs other companies in the North American Energy Services Industry?

Price-To-Earnings vs Industry: TOT is expensive based on its Price-To-Earnings Ratio (59.1x) compared to the Canadian Energy Services industry average (18.3x)


Price to Earnings Ratio vs Fair Ratio

What is TOT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TOT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio59.1x
Fair PE Ratio23.8x

Price-To-Earnings vs Fair Ratio: TOT is expensive based on its Price-To-Earnings Ratio (59.1x) compared to the estimated Fair Price-To-Earnings Ratio (23.8x).


Share Price vs Fair Value

What is the Fair Price of TOT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TOT (CA$7.95) is trading below our estimate of fair value (CA$21.05)

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


Price to Earnings Growth Ratio

PEG Ratio: TOT is poor value based on its PEG Ratio (1.1x)


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Future Growth

How is Total Energy Services forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


52.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TOT's forecast earnings growth (52.7% per year) is above the savings rate (1.6%).

Earnings vs Market: TOT's earnings (52.7% per year) are forecast to grow faster than the Canadian market (7.5% per year).

High Growth Earnings: TOT's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: TOT's revenue (15.2% per year) is forecast to grow faster than the Canadian market (7% per year).

High Growth Revenue: TOT's revenue (15.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TOT's Return on Equity is forecast to be low in 3 years time (7%).


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Past Performance

How has Total Energy Services performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-17.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: TOT has a large one-off gain of CA$5.9M impacting its March 31 2022 financial results.

Growing Profit Margin: TOT became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: TOT has become profitable over the past 5 years, growing earnings by -17.5% per year.

Accelerating Growth: TOT has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: TOT has become profitable in the last year, making it difficult to compare its past year earnings growth to the Energy Services industry (-8%).


Return on Equity

High ROE: TOT's Return on Equity (1.1%) is considered low.


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Financial Health

How is Total Energy Services's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: TOT's short term assets (CA$269.2M) exceed its short term liabilities (CA$142.7M).

Long Term Liabilities: TOT's short term assets (CA$269.2M) exceed its long term liabilities (CA$211.6M).


Debt to Equity History and Analysis

Debt Level: TOT's net debt to equity ratio (25.5%) is considered satisfactory.

Reducing Debt: TOT's debt to equity ratio has increased from 13.2% to 34.5% over the past 5 years.

Debt Coverage: TOT's debt is well covered by operating cash flow (69.3%).

Interest Coverage: TOT's interest payments on its debt are not well covered by EBIT (0.9x coverage).


Balance Sheet


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Dividend

What is Total Energy Services's current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


3.02%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: TOT's dividend (3.02%) is higher than the bottom 25% of dividend payers in the Canadian market (1.99%).

High Dividend: TOT's dividend (3.02%) is low compared to the top 25% of dividend payers in the Canadian market (5.27%).


Stability and Growth of Payments

Stable Dividend: TOT's dividend payments have been volatile in the past 10 years.

Growing Dividend: TOT's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (12.4%), TOT's dividend payments are thoroughly covered by cash flows.


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Management

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

10.7yrs

Average management tenure


CEO

Dan Halyk (52 yo)

20.08yrs

Tenure

CA$614,322

Compensation

Mr. Daniel Kim Halyk, also known as Dan, B.Comm, LLB, has been the Chief Executive Officer and President at Total Energy Services Inc. since May 2002 and June 2007 respectively. Mr. Halyk is the founder of...


CEO Compensation Analysis

Compensation vs Market: Dan's total compensation ($USD476.58K) is below average for companies of similar size in the Canadian market ($USD740.20K).

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


Leadership Team

Experienced Management: TOT's management team is seasoned and experienced (10.7 years average tenure).


Board Members

Experienced Board: TOT's board of directors are considered experienced (4.8 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: TOT insiders have bought more shares than they have sold 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

Total Energy Services Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Total Energy Services Inc.
  • Ticker: TOT
  • Exchange: TSX
  • Founded: 1996
  • Industry: Oil and Gas Equipment and Services
  • Sector: Energy
  • Implied Market Cap: CA$336.559m
  • Shares outstanding: 42.33m
  • Website: https://www.totalenergy.ca

Number of Employees


Location

  • Total Energy Services Inc.
  • 734-7th Avenue S.W
  • Suite 1000
  • Calgary
  • Alberta
  • T2P 3P8
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/28 00:00
End of Day Share Price2022/06/28 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.