Vermilion Energy
Vermilion Energy Inc. acquires, explores, develops, and produces petroleum and natural gas in Canada, France, the Netherlands, Germany, Ireland, Australia, the United States, and Central and Eastern Europe. The last earnings update was 52 days ago. More info.
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- Vermilion Energy has significant price volatility in the past 3 months.
VET Share Price and Events
7 Day Returns
1 Year Returns
VET Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Vermilion Energy (VET) | -5.9% | -13.6% | -21.3% | -39.8% | -36.8% | -65.6% |
| CA Oil and Gas | -0.7% | -5.9% | -5.5% | -13.6% | -12.5% | -40.3% |
| CA Market | 0.1% | -1.1% | -0.4% | -2.8% | 11.5% | 0.9% |
1 Year Return vs Industry and Market
- VET underperformed the Oil and Gas industry which returned -13.6% over the past year.
- VET underperformed the Market in Canada which returned -2.8% over the past year.
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
Vermilion Energy
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 Vermilion Energy.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 7 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 8.8% |
| 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% |
| Oil and Gas Unlevered Beta | Simply Wall St/ S&P Global | 0.91 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.908 (1 + (1- 26.5%) (47.55%)) |
1.151 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.15 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.151 * 5.96%) |
8.81% |
Discounted Cash Flow Calculation for TSX:VET using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Vermilion Energy 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 (@ 8.81%) |
|
|---|---|---|---|
| 2019 | 493.83 | Analyst x6 | 453.86 |
| 2020 | 454.40 | Analyst x5 | 383.81 |
| 2021 | 421.33 | Analyst x3 | 327.07 |
| 2022 | 517.00 | Analyst x1 | 368.84 |
| 2023 | 564.00 | Analyst x1 | 369.80 |
| 2024 | 601.57 | Est @ 6.66% | 362.51 |
| 2025 | 633.14 | Est @ 5.25% | 350.64 |
| 2026 | 660.10 | Est @ 4.26% | 335.98 |
| 2027 | 683.62 | Est @ 3.56% | 319.78 |
| 2028 | 704.67 | Est @ 3.08% | 302.95 |
| Present value of next 10 years cash flows | CA$3,575.23 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= CA$704.67 × (1 + 1.95%) ÷ (8.81% – 1.95%) |
CA$10,470.08 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= CA$10,470.08 ÷ (1 + 8.81%)10 |
CA$4,501.18 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= CA$3,575.23 + CA$4,501.18 |
CA$8,076.40 |
| Equity Value per Share (CAD) |
= Total value / Shares Outstanding
= CA$8,076.40 / 154.90 |
CA$52.14 |
| Calculation | Result | |
|---|---|---|
| Value per share (CAD) | From above. | CA$52.14 |
| Current discount | Discount to share price of
CA$26.78
= -1 x (CA$26.78 - CA$52.14) / CA$52.14 |
48.6% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Vermilion Energy's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Vermilion Energy'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 Vermilion Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Vermilion Energy'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$1.93 |
| TSX:VET Share Price ** | TSX (2019-06-14) in CAD | CA$26.78 |
| Canada Oil and Gas Industry PE Ratio | Median Figure of 59 Publicly-Listed Oil and Gas Companies | 12.33x |
| Canada Market PE Ratio | Median Figure of 546 Publicly-Listed Companies | 15.02x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Vermilion Energy.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = TSX:VET Share Price ÷ EPS (both in CAD) = 26.78 ÷ 1.93 |
13.86x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Vermilion Energy is overvalued based on earnings compared to the CA Oil and Gas industry average.
- Vermilion Energy is good value based on earnings compared to the Canada market.
Price based on expected Growth
Does
Vermilion Energy's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 13.86x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts |
-12.4%per year |
| Canada Oil and Gas Industry PEG Ratio | Median Figure of 36 Publicly-Listed Oil and Gas Companies | 0.79x |
| Canada Market PEG Ratio | Median Figure of 247 Publicly-Listed Companies | 1.15x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 13.86x ÷ -12.4% |
-1.11x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Vermilion Energy earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Vermilion Energy's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in CAD | CA$17.87 |
| TSX:VET Share Price * | TSX (2019-06-14) in CAD | CA$26.78 |
| Canada Oil and Gas Industry PB Ratio | Median Figure of 224 Publicly-Listed Oil and Gas Companies | 0.76x |
| Canada Market PB Ratio | Median Figure of 2,420 Publicly-Listed Companies | 1.41x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = TSX:VET Share Price ÷ Book Value per Share (both in CAD) = 26.78 ÷ 17.87 |
1.5x |
* Primary Listing of Vermilion Energy.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Vermilion Energy is overvalued based on assets compared to the CA Oil and Gas industry average.
Value checks
We assess Vermilion Energy'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 Oil and Gas 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 Oil and Gas industry average (and greater than 0)? (1 check) Vermilion Energy has a total score of 3/6, 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
- Vermilion Energy's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.9%.
Growth vs Market Checks
- Vermilion Energy's earnings are expected to decrease over the next 1-3 years, this is below the Canada market average.
- Vermilion Energy's revenue growth is positive but not above the Canada market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| TSX:VET Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts | -12.4% |
| TSX:VET Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts | 1.8% |
| Canada Oil and Gas Industry Earnings Growth Rate | Market Cap Weighted Average | 7.9% |
| Canada Oil and Gas Industry Revenue Growth Rate | Market Cap Weighted Average | 4.4% |
| Canada Market Earnings Growth Rate | Market Cap Weighted Average | 14.6% |
| Canada Market Revenue Growth Rate | Market Cap Weighted Average | 5.9% |
*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 (2 months ago) | See Below |
| Future Estimates | Average of up to 7 Analyst Estimates (S&P Global) | See Below |
| Date (Data in CAD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | ||||
| 2022-12-31 | 1,079 | |||
| 2021-12-31 | 1,778 | 1,034 | 139 | 1 |
| 2020-12-31 | 1,911 | 1,072 | 212 | 7 |
| 2019-12-31 | 1,866 | 999 | 197 | 6 |
| Date (Data in CAD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 1,698 | 846 | 286 |
| 2018-12-31 | 1,526 | 816 | 272 |
| 2018-09-30 | 1,407 | 790 | -43 |
| 2018-06-30 | 1,184 | 622 | -68 |
| 2018-03-31 | 1,074 | 596 | 42 |
| 2017-12-31 | 1,024 | 594 | 62 |
| 2017-09-30 | 975 | 603 | 50 |
| 2017-06-30 | 964 | 614 | 74 |
| 2017-03-31 | 910 | 608 | -30 |
| 2016-12-31 | 829 | 510 | -160 |
| 2016-09-30 | 802 | 514 | -298 |
| 2016-06-30 | 810 | 485 | -367 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 7 Analyst Estimates (S&P Global) | See Below |
All data from Vermilion Energy Company Filings, last reported 2 months 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 |
|---|---|---|---|---|
| 2023-12-31 | ||||
| 2022-12-31 | ||||
| 2021-12-31 | 0.97 | 1.06 | 0.88 | 2.00 |
| 2020-12-31 | 1.38 | 1.70 | 1.02 | 8.00 |
| 2019-12-31 | 1.28 | 1.51 | 1.06 | 8.00 |
| Date (Data in CAD Millions) | EPS * |
|---|---|
| 2019-03-31 | 1.93 |
| 2018-12-31 | 1.93 |
| 2018-09-30 | -0.33 |
| 2018-06-30 | -0.54 |
| 2018-03-31 | 0.35 |
| 2017-12-31 | 0.52 |
| 2017-09-30 | 0.41 |
| 2017-06-30 | 0.63 |
| 2017-03-31 | -0.25 |
| 2016-12-31 | -1.38 |
| 2016-09-30 | -2.61 |
| 2016-06-30 | -3.26 |
*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 Vermilion Energy will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess Vermilion Energy'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)
Vermilion Energy 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 Vermilion Energy 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
- Vermilion Energy's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
- Vermilion Energy's 1-year earnings growth exceeds its 5-year average (574.7% vs -16.3%)
- Vermilion Energy's earnings growth has exceeded the CA Oil and Gas industry average in the past year (574.7% vs 11.1%).
Earnings and Revenue History
All data from Vermilion Energy Company Filings, last reported 2 months 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 | 1,697.91 | 286.46 | 117.10 | |
| 2018-12-31 | 1,525.95 | 271.65 | 112.68 | |
| 2018-09-30 | 1,406.69 | -43.48 | 110.79 | |
| 2018-06-30 | 1,183.57 | -67.57 | 109.48 | |
| 2018-03-31 | 1,074.24 | 42.46 | 115.54 | |
| 2017-12-31 | 1,024.36 | 62.26 | 115.95 | |
| 2017-09-30 | 975.45 | 49.58 | 114.88 | |
| 2017-06-30 | 963.63 | 74.30 | 117.84 | |
| 2017-03-31 | 910.48 | -29.66 | 119.54 | |
| 2016-12-31 | 828.51 | -160.05 | 122.06 | |
| 2016-09-30 | 801.65 | -298.10 | 125.08 | |
| 2016-06-30 | 809.91 | -366.93 | 127.00 | |
| 2016-03-31 | 857.63 | -304.43 | 130.63 | |
| 2015-12-31 | 873.67 | -217.30 | 128.82 | |
| 2015-09-30 | 935.74 | -16.58 | 126.48 | |
| 2015-06-30 | 1,023.48 | 120.63 | 127.60 | |
| 2015-03-31 | 1,133.93 | 167.81 | 131.19 | |
| 2014-12-31 | 1,311.63 | 269.33 | 129.53 | |
| 2014-09-30 | 1,339.01 | 312.19 | 133.06 | |
| 2014-06-30 | 1,331.78 | 326.09 | 126.89 | |
| 2014-03-31 | 1,269.27 | 378.29 | 112.95 | |
| 2013-12-31 | 1,205.90 | 327.64 | 110.76 | |
| 2013-09-30 | 1,127.70 | 283.05 | 102.97 | |
| 2013-06-30 | 1,091.72 | 246.05 | 99.53 | |
| 2013-03-31 | 1,028.77 | 177.67 | 99.42 | |
| 2012-12-31 | 1,031.02 | 190.62 | 90.88 | |
| 2012-09-30 | 1,061.89 | 103.47 | 89.41 | |
| 2012-06-30 | 1,024.29 | 137.11 | 87.02 |
*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.
- Vermilion Energy has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Vermilion Energy used its assets more efficiently than the CA Oil and Gas industry average last year based on Return on Assets.
- Vermilion Energy 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 Vermilion Energy'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 Oil and Gas 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)
Vermilion Energy has a total score of 4/6, 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 Vermilion Energy'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 Vermilion Energy's finances.
The net worth of a company is the difference between its assets and liabilities.
- Vermilion Energy's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
- Vermilion Energy'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 0.2x 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 Vermilion Energy Company Filings, last reported 2 months ago.
| Date (Data in CAD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 2,737.26 | 1,972.31 | 5.22 |
| 2018-12-31 | 2,817.25 | 1,929.34 | 26.81 |
| 2018-09-30 | 2,525.76 | 1,862.84 | 23.99 |
| 2018-06-30 | 2,650.53 | 1,638.23 | 39.10 |
| 2018-03-31 | 1,567.22 | 1,377.92 | 19.30 |
| 2017-12-31 | 1,542.89 | 1,291.71 | 46.56 |
| 2017-09-30 | 1,561.63 | 1,318.96 | 42.20 |
| 2017-06-30 | 1,647.73 | 1,280.81 | 15.72 |
| 2017-03-31 | 1,611.83 | 1,285.74 | 1.15 |
| 2016-12-31 | 1,578.46 | 1,381.82 | 62.78 |
| 2016-09-30 | 1,648.94 | 1,334.01 | 21.42 |
| 2016-06-30 | 1,633.36 | 1,371.97 | 5.20 |
| 2016-03-31 | 1,741.46 | 1,453.02 | 63.25 |
| 2015-12-31 | 1,858.66 | 1,411.46 | 41.68 |
| 2015-09-30 | 1,985.81 | 1,519.48 | 148.82 |
| 2015-06-30 | 1,977.08 | 1,450.24 | 98.04 |
| 2015-03-31 | 1,953.52 | 1,419.60 | 88.19 |
| 2014-12-31 | 2,021.35 | 1,238.08 | 120.41 |
| 2014-09-30 | 2,000.47 | 1,198.65 | 142.52 |
| 2014-06-30 | 2,016.47 | 1,198.87 | 165.50 |
| 2014-03-31 | 1,831.65 | 944.11 | 151.34 |
| 2013-12-31 | 1,716.38 | 990.02 | 389.56 |
| 2013-09-30 | 1,588.79 | 781.07 | 256.14 |
| 2013-06-30 | 1,535.24 | 780.47 | 235.60 |
| 2013-03-31 | 1,441.51 | 712.76 | 176.51 |
| 2012-12-31 | 1,418.65 | 642.02 | 102.13 |
| 2012-09-30 | 1,358.45 | 492.67 | 223.45 |
| 2012-06-30 | 1,370.65 | 452.27 | 157.47 |
- Vermilion Energy's level of debt (67.8%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (51.6% vs 67.8% today).
- Debt is well covered by operating cash flow (45.6%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 4.9x coverage).
Financial health checks
We assess Vermilion Energy'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) Vermilion Energy 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 Vermilion Energy'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
Vermilion Energy
shares you are expected to receive
CA$206
in your first year as a dividend.
Dividend Amount
- Vermilion Energy's pays a higher dividend yield than the bottom 25% of dividend payers in Canada (2.12%).
- Vermilion Energy's dividend is above the markets top 25% of dividend payers in Canada (5.78%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 7 Analyst Estimates (S&P Global) | See Below |
| Canada Oil and Gas Industry Average Dividend Yield | Market Cap Weighted Average of 37 Stocks | 4.7% |
| Canada Market Average Dividend Yield | Market Cap Weighted Average of 335 Stocks | 3.6% |
| Canada Minimum Threshold Dividend Yield | 10th Percentile | 1.2% |
| Canada Bottom 25% Dividend Yield | 25th Percentile | 2.1% |
| Canada Top 25% Dividend Yield | 75th Percentile | 5.8% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in CA$) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | ||
| 2022-12-31 | 2.76 | 1.00 |
| 2021-12-31 | 2.72 | 3.00 |
| 2020-12-31 | 2.75 | 13.00 |
| 2019-12-31 | 2.73 | 12.00 |
| Date (Data in CA$) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-05-15 | 2.760 | 9.548 |
| 2019-04-15 | 2.760 | 8.235 |
| 2019-03-15 | 2.760 | 8.196 |
| 2019-02-15 | 2.760 | 8.210 |
| 2019-01-15 | 2.760 | 8.645 |
| 2018-12-17 | 2.760 | 9.379 |
| 2018-11-15 | 2.760 | 8.626 |
| 2018-10-15 | 2.760 | 7.873 |
| 2018-09-17 | 2.760 | 6.574 |
| 2018-08-15 | 2.760 | 6.721 |
| 2018-07-16 | 2.760 | 6.162 |
| 2018-06-15 | 2.760 | 5.884 |
| 2018-05-15 | 2.760 | 6.080 |
| 2018-03-01 | 2.760 | 6.527 |
| 2018-02-15 | 2.580 | 6.070 |
| 2018-01-16 | 2.580 | 5.616 |
| 2017-12-15 | 2.580 | 5.603 |
| 2017-11-15 | 2.580 | 5.860 |
| 2017-10-16 | 2.580 | 5.773 |
| 2017-09-15 | 2.580 | 5.821 |
| 2017-07-17 | 2.580 | 6.386 |
| 2017-06-15 | 2.580 | 6.262 |
| 2017-05-12 | 2.580 | 5.816 |
| 2017-04-13 | 2.580 | 5.320 |
| 2017-03-10 | 2.580 | 5.234 |
| 2017-02-13 | 2.580 | 5.002 |
| 2017-01-13 | 2.580 | 4.783 |
| 2016-12-09 | 2.580 | 4.519 |
| 2016-11-10 | 2.580 | 4.753 |
| 2016-10-14 | 2.580 | 4.834 |
| 2016-09-12 | 2.580 | 5.235 |
| 2016-08-12 | 2.580 | 5.298 |
| 2016-07-11 | 2.580 | 5.905 |
| 2016-06-10 | 2.580 | 6.208 |
| 2016-05-13 | 2.580 | 5.935 |
| 2016-04-11 | 2.580 | 6.437 |
| 2016-03-11 | 2.580 | 6.768 |
| 2016-02-11 | 2.580 | 6.982 |
| 2016-01-11 | 2.580 | 7.460 |
| 2015-12-11 | 2.580 | 7.108 |
| 2015-11-12 | 2.580 | 6.680 |
| 2015-10-09 | 2.580 | 5.625 |
| 2015-09-11 | 2.580 | 5.974 |
| 2015-08-13 | 2.580 | 5.984 |
| 2015-07-10 | 2.580 | 5.668 |
| 2015-06-12 | 2.580 | 4.825 |
| 2015-05-11 | 2.580 | 4.763 |
| 2015-04-15 | 2.580 | 4.469 |
| 2015-03-16 | 2.580 | 4.712 |
| 2015-02-17 | 2.580 | 4.687 |
| 2015-01-15 | 2.580 | 4.655 |
| 2014-12-15 | 2.580 | 4.868 |
| 2014-11-17 | 2.580 | 4.916 |
| 2014-10-15 | 2.580 | 4.062 |
| 2014-09-15 | 2.580 | 3.972 |
| 2014-08-15 | 2.580 | 3.710 |
| 2014-07-15 | 2.580 | 3.664 |
| 2014-06-16 | 2.580 | 3.530 |
| 2014-05-15 | 2.580 | 3.503 |
| 2014-04-15 | 2.580 | 3.596 |
| 2014-03-17 | 2.580 | 3.772 |
| 2014-02-18 | 2.580 | 4.075 |
| 2014-01-15 | 2.580 | 4.175 |
| 2013-12-16 | 2.400 | 3.894 |
| 2013-11-15 | 2.400 | 4.025 |
| 2013-10-15 | 2.400 | 4.157 |
| 2013-09-16 | 2.400 | 4.202 |
| 2013-08-15 | 2.400 | 4.240 |
| 2013-07-15 | 2.400 | 4.329 |
| 2013-06-17 | 2.400 | 4.631 |
| 2013-05-15 | 2.400 | 4.633 |
| 2013-04-15 | 2.400 | 4.817 |
| 2013-03-15 | 2.400 | 4.669 |
| 2013-02-15 | 2.400 | 4.586 |
| 2012-11-15 | 2.400 | 4.719 |
| 2012-10-15 | 2.280 | 4.812 |
| 2012-09-17 | 2.280 | 4.950 |
| 2012-08-15 | 2.280 | 4.948 |
| 2012-07-16 | 2.280 | 4.894 |
| 2012-06-15 | 2.280 | 5.093 |
| 2012-05-15 | 2.280 | 5.263 |
| 2012-04-16 | 2.280 | 4.947 |
| 2012-03-15 | 2.280 | 4.838 |
| 2012-02-15 | 2.280 | 4.708 |
| 2012-01-16 | 2.280 | 4.993 |
| 2011-12-15 | 2.280 | 5.019 |
| 2011-11-15 | 2.280 | 4.881 |
| 2011-10-17 | 2.280 | 4.763 |
| 2011-09-15 | 2.280 | 5.252 |
| 2011-08-15 | 2.280 | 5.298 |
| 2011-08-04 | 2.280 | 5.118 |
| 2011-05-06 | 2.280 | 4.634 |
| 2011-03-11 | 2.280 | 4.588 |
| 2011-02-28 | 2.280 | 4.643 |
| 2010-10-15 | 2.280 | 5.188 |
| 2010-08-16 | 2.280 | 6.181 |
| 2010-07-15 | 2.280 | 6.801 |
| 2010-05-17 | 2.280 | 6.757 |
| 2010-04-15 | 2.280 | 6.532 |
| 2010-03-15 | 2.280 | 6.439 |
| 2010-02-16 | 2.280 | 6.592 |
| 2010-01-15 | 2.280 | 6.988 |
| 2009-12-15 | 2.280 | 6.996 |
| 2009-11-16 | 2.280 | 7.514 |
| 2009-10-15 | 2.280 | 7.658 |
| 2009-09-15 | 2.280 | 7.521 |
| 2009-08-17 | 2.280 | 7.761 |
| 2009-07-15 | 2.280 | 7.595 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
Vermilion Energy's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are not well covered by earnings (0.7x coverage).
- Dividends after 3 years are not well covered by earnings (0.3x coverage).
Income/ dividend checks
We assess Vermilion Energy'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 Vermilion Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Vermilion Energy has a total score of 4/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | CA$6,245,635 |
| AGE | 57 |
| TENURE AS CEO | 3.3 years |
CEO Bio
Mr. Anthony William Marino, also known as Tony, P.Eng., has been the Chief Executive Officer of Vermilion Energy Inc., since March 1, 2016. Mr. Marino has been President of Vermilion Energy Inc., since March 3, 2014 and served as its Chief Operating Officer from June 2012 to March 1, 2016. He served as the Chief Executive Officer and President of Baytex Energy Corp. since 2009 until 2012. Mr. Marino served as Executive Vice President of Vermilion Energy Inc. since June 2012 until March 3, 2014. He has over 30 years of technical and management experience in the North American oil and gas industry, having held executive positions with exploration and production companies in the United States and Canada. He has experience in the United States, particularly in the Rocky Mountain region. Mr. Marino's experience includes managing the Jonah/Pinedale asset area for AEC Oil and Gas (USA) Inc., operations and business development management for Santa Fe Snyder Corp. and several technical and management positions with Atlantic Richfield Company. He served as Chief Operating Officer of Baytex Energy Corp. since November 2004. He served as President and Chief Executive Officer of Dominion Exploration Canada Ltd., a subsidiary of Dominion Resources, Inc. since October 2002. He served as Senior Vice President of Dominion Exploration and Production Inc. Mr. Marino has been a Non Independent Director of Vermilion Energy Inc. since March 1, 2016. He served as a Director of Baytex Energy Corp from 2009 to May 21, 2012. He is a Member of the Board of Governors of the Canadian Association of Petroleum Producers and a Director of the Independent Petroleum Association of Mountain States. He served as a Director of Vermilion Oil & Gas Australia Pty Ltd. until March 1, 2016. Mr. Marino is a Chartered Financial Analyst and is a Registered Professional Engineer. Mr. Marino holds Bachelor of Science degree with Highest Distinction in Petroleum Engineering from the University of Kansas and a Masters of Business Administration degree from California State University at Bakersfield.
CEO Compensation
- Tony's compensation has been consistent with company performance over the past year, both up more than 20%.
- Tony's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure
Average tenure and age of the Vermilion Energy management team in years:
- The tenure for the Vermilion Energy management team is about average.
Management Team
Tony Marino
President
CA$6M
57
3.3 yrs
Lars Glemser
VP & CFO
CA$891K
1.2 yrs
Mike Kaluza
Executive VP & COO
CA$2M
58
3.3 yrs
Mona Jasinski
Executive Vice President of People & Culture
CA$1M
54
4.3 yrs
Kyle Preston
Director of Investor Relations
3 yrs
Terry Hergott
Vice President of Marketing
7.2 yrs
Bruce Lake
Managing Director of Australia Business Unit
CA$898K
Darcy Kerwin
Managing Director of Ireland Business Unit
1.3 yrs
Scott Seatter
MD of United States Business Unit
3.5 yrs
Bryan Sralla
Managing Director of Central & Eastern Europe Business Unit
Board of Directors Tenure
Average tenure and age of the Vermilion Energy board of directors in years:
- The tenure for the Vermilion Energy board of directors is about average.
Board of Directors
Lorenzo Donadeo
Co-Founder & Independent Chairman
CA$283K
62
3.3 yrs
Tony Marino
President
CA$6M
57
3.3 yrs
Tim Marchant
Independent Director
CA$176K
67
9.4 yrs
Cathy Williams
Independent Director
CA$191K
67
4.3 yrs
Bob Michaleski
Independent Director
CA$181K
65
2.7 yrs
Bill Roby
Independent Director
CA$177K
58
2.2 yrs
Larry MacDonald
Lead Independent Director
CA$224K
70
3.3 yrs
Loren Leiker
Independent Director
CA$170K
64
6.5 yrs
Steve Larke
Independent Director
CA$176K
46
2 yrs
Carin Knickel
Director
CA$402K
62
0.8 yrs
Who owns this company?
Recent Insider Trading
- Vermilion Energy insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (CA$) | Value (CA$) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 07. Jun 19 | Sell | Mona Jasinski | Individual | 05. Jun 19 | 05. Jun 19 | -6,715 | CA$28.12 | CA$-188,826 | ||
| 23. May 19 | Buy | Anthony Marino | Individual | 23. May 19 | 23. May 19 | 3,000 | CA$28.70 | CA$86,100 | ||
| 16. May 19 | Sell | Robert Engbloom | Individual | 14. May 19 | 14. May 19 | -3,984 | CA$31.30 | CA$-124,699 | ||
| 29. Mar 19 | Sell | Anthony Hatcher | Individual | 25. Mar 19 | 25. Mar 19 | -36 | CA$33.76 | CA$-1,215 | ||
| 29. Mar 19 | Sell | Jenson Tan | Individual | 25. Mar 19 | 25. Mar 19 | -47 | CA$33.76 | CA$-1,587 | ||
| 29. Mar 19 | Sell | Lars Glemser | Individual | 25. Mar 19 | 25. Mar 19 | -46 | CA$33.76 | CA$-1,553 | ||
| 29. Mar 19 | Sell | Terrance Hergott | Individual | 25. Mar 19 | 25. Mar 19 | -16 | CA$33.76 | CA$-540 | ||
| 29. Mar 19 | Sell | Mona Jasinski | Individual | 25. Mar 19 | 25. Mar 19 | -63 | CA$33.76 | CA$-2,127 | ||
| 29. Mar 19 | Sell | Michael Kaluza | Individual | 25. Mar 19 | 25. Mar 19 | -64 | CA$33.76 | CA$-2,161 | ||
| 29. Mar 19 | Sell | Anthony Marino | Individual | 25. Mar 19 | 25. Mar 19 | -196 | CA$33.76 | CA$-6,617 | ||
| 28. Aug 18 | Buy | Carin Knickel | Individual | 28. Aug 18 | 28. Aug 18 | 5,000 | CA$41.55 | CA$207,768 | ||
| 01. Feb 19 | Buy | Gerard Schut | Individual | 27. Nov 18 | 17. Dec 18 | 5,000 | CA$33.02 | CA$153,958 | ||
| 29. Jan 19 | Buy | Catherine Williams | Individual | 06. Sep 18 | 06. Sep 18 | 1,000 | CA$41.00 | CA$41,000 | ||
| 28. Jan 19 | Buy | Mona Jasinski | Individual | 28. Jan 19 | 28. Jan 19 | 2,830 | CA$31.13 | CA$88,109 | ||
| 14. Dec 18 | Buy | Catherine Williams | Individual | 13. Dec 18 | 13. Dec 18 | 2,000 | CA$30.40 | CA$60,791 | ||
| 11. Dec 18 | Sell | Michael Kaluza | Individual | 07. Dec 18 | 07. Dec 18 | -790 | CA$31.96 | CA$-25,248 | ||
| 30. Oct 18 | Buy | Terrance Hergott | Individual | 29. Oct 18 | 29. Oct 18 | 5,000 | CA$35.01 | CA$175,050 | ||
| 10. Aug 18 | Buy | Robert Michaleski | Individual | 09. Aug 18 | 09. Aug 18 | 2,370 | CA$45.58 | CA$108,022 | ||
| 28. Jun 18 | Sell | Terrance Hergott | Individual | 27. Jun 18 | 27. Jun 18 | -4,300 | CA$47.66 | CA$-204,938 | ||
| 26. Jun 18 | Sell | Terrance Hergott | Individual | 22. Jun 18 | 22. Jun 18 | -484 | CA$46.50 | CA$-22,506 | ||
Management checks
We assess Vermilion Energy'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) Vermilion Energy 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
Are Dividend Investors Making A Mistake With Vermilion Energy Inc. (TSE:VET)?
Comparing dividend payments to a company's net profit after tax is a simple way of reality-checking whether a dividend is sustainable. … Cash is slightly more important than profit from a dividend perspective, but given Vermilion Energy's payments were not well covered by either earnings or cash flow, we are concerned about the sustainability of this dividend. … Conclusion To summarise, shareholders should always check that Vermilion Energy's dividends are affordable, that its dividend payments are relatively stable, and that it has decent prospects for growing its earnings and dividend.
Simply Wall St - – Full articleShould You Worry About Vermilion Energy Inc.'s (TSE:VET) CEO Pay Cheque?
Tony Marino became the CEO of Vermilion Energy Inc. … This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … View our latest analysis for Vermilion Energy How Does Tony Marino's Compensation Compare With Similar Sized Companies?
Simply Wall St - – Full articleDoes Vermilion Energy Inc. (TSE:VET) Have A Particularly Volatile Share Price?
Some stocks mimic the volatility of the market quite closely, while others demonstrate muted, exagerrated or uncorrelated price movements. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.
Simply Wall St - – Full articleWhat Kind Of Shareholders Own Vermilion Energy Inc. (TSE:VET)?
We'd expect to see both institutions and retail investors owning a portion of the company. … Our analysis of the ownership of the company, below, shows that. … See our latest analysis for Vermilion Energy
Simply Wall St - – Full articleWhat Does Vermilion Energy Inc.'s (TSE:VET) Balance Sheet Tell Us About It?
(TSE:VET) with its market cap of CA$5.4b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Understanding the company's financial health becomes. … We'll look at some basic checks that can form a snapshot the company’s financial strength.
Simply Wall St - – Full articleIs Vermilion Energy Inc. (TSE:VET) A Financially Sound Company?
Small and large cap stocks are widely popular for a variety of reasons, however, mid-cap companies such as Vermilion Energy Inc. … Today we will look at VET’s financial liquidity and debt levels, which are strong indicators for whether the company can weather economic downturns or fund strategic acquisitions for future growth. … View our latest analysis for Vermilion Energy
Simply Wall St - – Full articleOnly 3 Days Left To Cash In On Vermilion Energy Inc. (TSE:VET) Dividend
(TSE:VET) will be distributing its dividend of CA$0.23 per share on the 15 April 2019, and will start trading ex-dividend in 3 days time on the 28 March 2019. … 5 checks you should use to assess a dividend stock? … Has its dividend been stable over the past (i.e. no missed payments or significant payout cuts)?
Simply Wall St - – Full articleSome Vermilion Energy Shareholders Are Down 48%
Vermilion Energy isn't yet profitable, so most analysts would look to revenue growth to get an idea of how fast the underlying business is growing. … When a company doesn't yet make profits, we'd generally expect to see good revenue growth. … In the last five years Vermilion Energy saw its revenue shrink by 3.3% per year.
Simply Wall St - – Full articleDoes Vermilion Energy Inc.'s (TSE:VET) CEO Pay Matter?
Tony Marino has been the CEO of Vermilion Energy Inc. … This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Tony Marino's Compensation Compare With Similar Sized Companies?
Simply Wall St - – Full articleNeed To Know: Vermilion Energy Inc. (TSE:VET) Insiders Have Been Selling Shares
So shareholders might well want to know whether insiders have been buying or selling shares in Vermilion Energy Inc. … In the last twelve months, the biggest single sale by an insider was when Co-Founder & Chairman Lorenzo Donadeo sold CA$17m worth of shares at a price of CA$41.26 per share. … All up, insiders sold more shares in Vermilion Energy than they bought, over the last year
Simply Wall St - – Full articleCompany Info
Description
Vermilion Energy Inc. acquires, explores, develops, and produces petroleum and natural gas in Canada, France, the Netherlands, Germany, Ireland, Australia, the United States, and Central and Eastern Europe. It owns 80% interest in 544,500 net acres of developed land and 87% interest in 439,800 net acres of undeveloped land, and 397 net producing natural gas wells and 3,346 net producing oil wells; and 96% interest in 248,900 net acres of developed land and 92% interest in 251,800 net acres of undeveloped land in the Aquitaine and Paris Basins, and 337 net producing oil wells and 2 net producing gas wells. The company also owns 48% interest in 930,000 net acres of land and 103 net producing gas wells; 32,600 net acres of developed and 1,149,400 net acres of undeveloped land, and 105 net producing oil wells and 8 net producing natural gas wells; and 148,700 net acres of land and 118 net producing oil wells. In addition, it owns 20% interest in the offshore Corrib gas field; and 60% interest in the Wandoo field comprises 59,600 acres; and lands of 652,800 net acres, 242,500 net acres, and 2.35 million net acres. Further, the company has 181,664 barrels of oil equivalent (Mboe) of gross proved reserves and 284,476 Mboe of gross proved plus probable reserves; 43,466 Mboe of gross proved reserves and 63,918 Mboe of gross proved plus probable reserves; 11,802 Mboe of gross proved reserves and 22,196 Mboe of gross proved plus probable reserves; 12,991 Mboe of gross proved reserves and 25,735 Mboe of gross proved plus probable reserves; 13,093 Mboe of gross proved reserves and 20,575 Mboe of gross proved plus probable reserves; 9,668 Mboe of gross proved reserves and 14,480 Mboe of gross proved plus probable reserves; 25,147 Mboe of gross proved reserves and 56,214 Mboe of gross proved plus probable reserves; and 131 Mboe of gross proved reserves and 191 Mboe of gross proved plus probable reserves. The company was founded in 1994 and is headquartered in Calgary, Canada.
Details
| Name: | Vermilion Energy Inc. |
| VET | |
| Exchange: | TSX |
| Founded: | 1994 |
| CA$4,148,117,959 | |
| 154,896,115 | |
| Website: | http://www.vermilionenergy.com |
| Address: |
Vermilion Energy Inc. 520-3rd Avenue SW, Suite 3500, Calgary, Alberta, T2P 0R3, Canada |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| TSX | VET | Common Shares | The Toronto Stock Exchange | CA | CAD | 15. Mar 1996 | |
| NYSE | VET | Common Shares | New York Stock Exchange | US | USD | 15. Mar 1996 | |
| DB | CVZ | Common Shares | Deutsche Boerse AG | DE | EUR | 15. Mar 1996 |
Number of employees
Current staff
Industry
| Oil and Gas Exploration and Production | |
| Energy |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/06/16 01:23 |
| End of day share price update: | 2019/06/14 00:00 |
| Last estimates confirmation: | 2019/06/14 |
| Last earnings filing: | 2019/04/25 |
| 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.
