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KFG Resources

TSXV:KFG
Snowflake Description

Flawless balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KFG
TSXV
CA$4M
Market Cap
  1. Home
  2. CA
  3. Energy
Company description

KFG Resources Ltd., through its wholly-owned subsidiary, KFG Petroleum Corporation, engages in the exploration and production of crude oil and natural gas in the United States. The last earnings update was 56 days ago. More info.


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  • KFG Resources has significant price volatility in the past 3 months.
KFG Share Price and Events
7 Day Returns
15.4%
TSXV:KFG
1.2%
CA Oil and Gas
0.6%
CA Market
1 Year Returns
66.7%
TSXV:KFG
-9.4%
CA Oil and Gas
-1.2%
CA Market
KFG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
KFG Resources (KFG) 15.4% 0% 36.4% 66.7% 87.5% 66.7%
CA Oil and Gas 1.2% -3.9% 1.5% -9.4% -7.9% -33.6%
CA Market 0.6% -1.6% 1.6% -1.2% 12.2% 5.5%
1 Year Return vs Industry and Market
  • KFG outperformed the Oil and Gas industry which returned -9.4% over the past year.
  • KFG outperformed the Market in Canada which returned -1.2% over the past year.
Price Volatility
KFG
Industry
5yr Volatility vs Market

Value

 Is KFG Resources 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
Here we compare the current share price of KFG Resources 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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for KFG Resources.

TSXV:KFG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 7.8%
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.

Calculation of Discount Rate/ Cost of Equity for TSXV:KFG
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 0.98
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.976 (1 + (1- 21%) (0%))
0.984
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.98
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (0.984 * 5.96%)
7.81%

Discounted Cash Flow Calculation for TSXV:KFG using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for KFG Resources 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.

TSXV:KFG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.81%)
2019 0.23 Est @ 86.02% 0.21
2020 0.37 Est @ 60.8% 0.32
2021 0.53 Est @ 43.14% 0.42
2022 0.69 Est @ 30.78% 0.51
2023 0.84 Est @ 22.13% 0.58
2024 0.98 Est @ 16.08% 0.62
2025 1.09 Est @ 11.84% 0.65
2026 1.19 Est @ 8.87% 0.65
2027 1.27 Est @ 6.79% 0.65
2028 1.34 Est @ 5.34% 0.63
Present value of next 10 years cash flows $5.24
TSXV:KFG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $1.34 × (1 + 1.95%) ÷ (7.81% – 1.95%)
$23.29
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $23.29 ÷ (1 + 7.81%)10
$10.98
TSXV:KFG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $5.24 + $10.98
$16.22
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $16.22 / 50.54
$0.32
TSXV:KFG Discount to Share Price
Calculation Result
Exchange Rate USD/CAD
(Reporting currency to currency of TSXV:KFG)
1.347
Value per Share
(CAD)
= Value per Share in USD x Exchange Rate (USD/CAD)
= $0.32 x 1.347
CA$0.43
Value per share (CAD) From above. CA$0.43
Current discount Discount to share price of CA$0.08
= -1 x (CA$0.08 - CA$0.43) / CA$0.43
82.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price KFG Resources is available for.
Intrinsic value
>50%
Share price is CA$0.075 vs Future cash flow value of CA$0.43219
Current Discount Checks
For KFG Resources to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • KFG Resources's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • KFG Resources'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 KFG Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are KFG Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:KFG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-01-31) in USD $0.00
TSXV:KFG Share Price ** TSXV (2019-05-22) in CAD CA$0.08
TSXV:KFG Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.743 $0.06
Canada Oil and Gas Industry PE Ratio Median Figure of 57 Publicly-Listed Oil and Gas Companies 14.61x
Canada Market PE Ratio Median Figure of 542 Publicly-Listed Companies 15.02x

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

** Primary Listing of KFG Resources.

TSXV:KFG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:KFG Share Price ÷ EPS (both in USD)

= 0.06 ÷ 0.00

-132.91x

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

  • KFG Resources is loss making, we can't compare its value to the CA Oil and Gas industry average.
  • KFG Resources is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does KFG Resources's expected growth come at a high price?
Raw Data
TSXV:KFG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -132.91x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Canada Oil and Gas Industry PEG Ratio Median Figure of 36 Publicly-Listed Oil and Gas Companies 0.97x
Canada Market PEG Ratio Median Figure of 249 Publicly-Listed Companies 1.17x

*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 KFG Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on KFG Resources's assets?
Raw Data
TSXV:KFG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-01-31) in USD $0.01
TSXV:KFG Share Price * TSXV (2019-05-22) in CAD CA$0.08
TSXV:KFG Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.743 $0.06
Canada Oil and Gas Industry PB Ratio Median Figure of 224 Publicly-Listed Oil and Gas Companies 0.89x
Canada Market PB Ratio Median Figure of 2,403 Publicly-Listed Companies 1.44x
TSXV:KFG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:KFG Share Price ÷ Book Value per Share (both in USD)

= 0.06 ÷ 0.01

3.91x

* Primary Listing of KFG Resources.

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

  • KFG Resources is overvalued based on assets compared to the CA Oil and Gas industry average.
X
Value checks
We assess KFG Resources'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 Oil and Gas 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 Oil and Gas industry average (and greater than 0)? (1 check)
  5. KFG Resources has a total score of 2/6, 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 KFG Resources 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 KFG Resources 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
7.4%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is KFG Resources expected to grow at an attractive rate?
  • Unable to compare KFG Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare KFG Resources's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare KFG Resources's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:KFG Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 7.4%
Canada Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 4.5%
Canada Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6%

*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
TSXV:KFG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSXV:KFG Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-01-31 1 0 0
2018-10-31 2 0 0
2018-07-31 1 0 0
2018-04-30 1 0 0
2018-01-31 1 0 0
2017-10-31 1 0 0
2017-07-31 1 0 0
2017-04-30 1 0 0
2017-01-31 1 0 -1
2016-10-31 1 -1 -1
2016-07-31 1 0 -1
2016-04-30 2 0 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if KFG Resources is high growth as no earnings estimate data is available.
  • Unable to determine if KFG Resources 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
TSXV:KFG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from KFG Resources Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:KFG Past Financials Data
Date (Data in USD Millions) EPS *
2019-01-31 0.00
2018-10-31 0.00
2018-07-31 0.00
2018-04-30 0.00
2018-01-31 0.00
2017-10-31 -0.01
2017-07-31 -0.01
2017-04-30 -0.01
2017-01-31 -0.01
2016-10-31 -0.02
2016-07-31 -0.02
2016-04-30 -0.02

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

Next steps:

  1. Examine KFG Resources's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. KFG Resources'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
  3. KFG Resources's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess KFG Resources'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.
KFG Resources 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 KFG Resources 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 KFG Resources's growth in the last year to its industry (Oil and Gas).
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.
  • KFG Resources does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare KFG Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare KFG Resources's 1-year growth to the CA Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
KFG Resources'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 KFG Resources Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:KFG Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-01-31 1.45 -0.02 0.90
2018-10-31 1.52 0.08 0.83
2018-07-31 1.44 -0.02 0.85
2018-04-30 1.37 -0.07 0.84
2018-01-31 1.36 -0.21 0.96
2017-10-31 1.35 -0.34 1.04
2017-07-31 1.37 -0.29 1.05
2017-04-30 1.38 -0.49 1.12
2017-01-31 1.27 -0.69 1.11
2016-10-31 1.36 -0.77 1.20
2016-07-31 1.49 -0.97 1.32
2016-04-30 1.67 -0.78 1.35
2016-01-31 1.90 -0.99 1.39
2015-10-31 2.02 -0.89 1.44
2015-07-31 2.35 -0.53 1.42
2015-04-30 2.75 -0.08 1.41
2015-01-31 2.98 0.64 1.18
2014-10-31 3.03 0.44 1.48
2014-07-31 2.98 0.41 1.44
2014-04-30 2.66 0.07 1.42
2014-01-31 2.61 -0.32 1.48
2013-10-31 2.87 0.22 1.15
2013-07-31 2.88 0.00 1.43
2013-04-30 3.05 0.08 1.52
2013-01-31 3.16 0.12 2.01
2012-10-31 3.01 -0.25 1.98
2012-07-31 3.11 -0.63 2.47

*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 KFG Resources has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if KFG Resources has efficiently used its assets last year compared to the CA Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if KFG Resources 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 KFG Resources'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 Oil and Gas 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.
KFG Resources 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 KFG Resources'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 KFG Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • KFG Resources is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • KFG Resources's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of KFG Resources'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.
  • KFG Resources has no debt, it does not need to be covered by short term assets.
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 KFG Resources Company Filings, last reported 3 months ago.

TSXV:KFG Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-01-31 0.72 0.00 0.81
2018-10-31 0.84 0.00 0.75
2018-07-31 0.78 0.00 0.95
2018-04-30 0.71 0.00 0.71
2018-01-31 0.74 0.00 0.61
2017-10-31 0.75 0.00 0.77
2017-07-31 0.80 0.00 0.62
2017-04-30 0.79 0.00 0.59
2017-01-31 0.95 0.00 0.61
2016-10-31 1.09 0.00 0.71
2016-07-31 1.09 0.00 0.74
2016-04-30 1.28 0.00 0.86
2016-01-31 1.64 0.00 1.03
2015-10-31 1.86 0.00 1.82
2015-07-31 2.07 0.00 1.50
2015-04-30 2.05 0.00 1.40
2015-01-31 2.63 0.00 2.13
2014-10-31 2.75 0.00 1.84
2014-07-31 2.60 0.00 1.13
2014-04-30 2.14 0.00 1.21
2014-01-31 1.99 0.00 1.37
2013-10-31 2.31 0.00 1.66
2013-07-31 2.18 0.00 1.80
2013-04-30 2.07 0.00 0.86
2013-01-31 2.31 0.00 0.84
2012-10-31 2.09 0.00 1.01
2012-07-31 2.18 0.00 0.83
  • KFG Resources has no debt.
  • KFG Resources has not taken on any debt in the past 5 years.
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.

  • Whilst loss making KFG Resources has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making KFG Resources has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -101.6% per year.
X
Financial health checks
We assess KFG Resources'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. KFG Resources has a total score of 6/6, 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 KFG Resources'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 KFG Resources dividends.
If you bought CA$2,000 of KFG Resources 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 KFG Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate KFG Resources'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
TSXV:KFG 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 Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 36 Stocks 4.4%
Canada Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
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.

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

  • Unable to perform a dividend volatility check as KFG Resources has not reported any payouts.
  • Unable to verify if KFG Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of KFG Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as KFG Resources 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 KFG Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - 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 KFG Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. KFG Resources 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 KFG Resources'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.
CEO
Bob Kadane
COMPENSATION $136,800
TENURE AS CEO 2.8 years
CEO Bio

Mr. Robert A. Kadane, also known as Bob, has been the Chief Executive Officer and President of KFG Resources Ltd. since July 1, 2016. Mr. Kadane serves as President KFG Petroleum Corporation. He serves as Treasurer of Shamrock Drilling Inc., subsidiaries of KFG Resources Ltd. He serves as the President at KFG Petroleum Corporation. He served as Treasurer of KFG Petroleum Corporation. He served as Treasurer of KFG Resources Ltd. He served as Chief Financial Officer at KFG Resources Ltd until August 17, 2010. He serves as Chairman of KFG Resources Ltd and has been its Director since April 7, 1994. He serves as a Director at Shamrock Drilling Inc. He served as a Director of Paloma Resources Inc. since April 19, 2001.

CEO Compensation
  • Bob's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Bob's remuneration is about average for companies of similar size in Canada.
Management Team

Bob Kadane

TITLE
President
COMPENSATION
$137K
TENURE
2.8 yrs

James Gilbert

TITLE
VP, CFO & Corporate Secretary
COMPENSATION
$12K
AGE
85
TENURE
8.8 yrs

G. Guido

TITLE
COO, VP of Operations & Director
COMPENSATION
$137K
Board of Directors Tenure

Average tenure of the KFG Resources board of directors in years:

2.6
Average Tenure
  • The average tenure for the KFG Resources board of directors is less than 3 years, this suggests a new board.
Board of Directors

Bob Kadane

TITLE
President
COMPENSATION
$137K

G. Guido

TITLE
COO, VP of Operations & Director
COMPENSATION
$137K
TENURE
8.3 yrs

Kevin Haney

TITLE
Director
COMPENSATION
$5K
TENURE
2.6 yrs

Giacomo Grassi

TITLE
Director
COMPENSATION
$5K
TENURE
2.6 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by KFG Resources insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
03. Apr 19 Buy Kevin Haney Individual 03. Apr 19 03. Apr 19 5,000 CA$0.07 CA$340
14. Mar 19 Buy Kevin Haney Individual 07. Mar 19 14. Mar 19 23,000 CA$0.07 CA$1,558
01. Mar 19 Buy Kevin Haney Individual 01. Mar 19 01. Mar 19 5,000 CA$0.07 CA$350
25. Feb 19 Buy Kevin Haney Individual 25. Feb 19 25. Feb 19 32,000 CA$0.06 CA$1,840
22. Feb 19 Buy Giacomo Grassi Individual 22. Feb 19 22. Feb 19 201,000 CA$0.06 CA$11,055
22. Feb 19 Buy Kevin Haney Individual 22. Feb 19 22. Feb 19 55,000 CA$0.06 CA$3,025
11. Dec 18 Buy Robert Kadane Individual 10. Dec 18 10. Dec 18 50,666 CA$0.04 CA$2,171
07. Dec 18 Buy Kevin Haney Individual 07. Dec 18 07. Dec 18 11,000 CA$0.06 CA$595
23. Nov 18 Buy Kevin Haney Individual 23. Nov 18 23. Nov 18 44,000 CA$0.06 CA$2,430
26. Oct 18 Buy Kevin Haney Individual 26. Oct 18 26. Oct 18 4,000 CA$0.07 CA$260
25. Oct 18 Buy Kevin Haney Individual 25. Oct 18 25. Oct 18 15,000 CA$0.07 CA$920
15. Oct 18 Buy Kevin Haney Individual 15. Oct 18 15. Oct 18 5,000 CA$0.07 CA$350
12. Oct 18 Buy Kevin Haney Individual 12. Oct 18 12. Oct 18 29,000 CA$0.07 CA$1,795
11. Sep 18 Buy Kevin Haney Individual 11. Sep 18 11. Sep 18 160,000 CA$0.05 CA$7,635
X
Management checks
We assess KFG Resources'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. KFG Resources 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

Before You Buy KFG Resources Ltd. (CVE:KFG), Consider Its Volatility

Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

Did You Miss KFG Resources's 38% Share Price Gain?

We don't think KFG Resources's revenue of US$1,518,492 is enough to establish significant demand. … However you can take a look at whether insiders have been buying up shares. … If they are buying a significant amount of shares, that's certainly a good thing

Simply Wall St -

Can We See Significant Insider Ownership On The KFG Resources Ltd. (CVE:KFG) Share Register?

Generally speaking, as a company grows, institutions will increase their ownership. … Our analysis of the ownership of the company, below, shows that. … institutions don't own shares in the company

Simply Wall St -

Should You Worry About KFG Resources Ltd.'s (CVE:KFG) CEO Pay Cheque?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … The aim of all this is to consider the appropriateness of CEO pay levels. … How Does Bob Kadane's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Is KFG Resources Ltd. (CVE:KFG) A High Quality Stock To Own?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Our data shows KFG Resources has a return on equity of 9.9% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

KFG Resources Ltd (CVE:KFG): Time For A Financial Health Check

However, it also faces higher cost of capital given interest cost is generally lower than equity. … Is financial flexibility worth the lower cost of capital. … Debt funding can be cheaper than issuing new equity due to lower interest cost on debt

Simply Wall St -

Is KFG Resources Ltd (CVE:KFG) A Financially Sound Company?

KFG Resources Ltd (CVE:KFG), which has zero-debt on its balance sheet, can maximize capital returns by increasing debt due to its lower cost of capital. … Is KFG growing fast enough to value financial flexibility over lower cost of capital … There are well-known benefits of including debt in capital structure, primarily a lower cost of capital.

Simply Wall St -

Does KFG Resources Ltd's (TSXV:KFG) Past Performance Indicate A Stronger Future?

Today I will take a look at KFG Resources Ltd's (TSXV:KFG) most recent earnings update (31 July 2017) and compare these latest figures against its performance over the past few years, as well as how the rest of the oil, gas and consumable fuels industry performed. … View our latest analysis for KFG Resources Commentary On KFG's Past Performance I look at data from the most recent 12 months, which either annualizes the most recent 6-month earnings update, or in some cases, the most recent annual report is already the latest available financial data. … Looking at growth from a sector-level, the Canadian oil, gas and consumable fuels industry has been relatively flat in terms of earnings growth over the previous few years.

Simply Wall St -

Why KFG Resources Ltd's (TSXV:KFG) Ownership Structure Is Important

In general, this level of insider ownership has negatively affected underperforming (consistently low PE ratio) companies and positively affected the companies that outperform (consistently high PE ratio). … General Public Ownership The general public holds a substantial 80.58% stake in KFG, making it a highly popular stock among retail investors. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions.

Simply Wall St -

Company Info

Description

KFG Resources Ltd., through its wholly-owned subsidiary, KFG Petroleum Corporation, engages in the exploration and production of crude oil and natural gas in the United States. The company develops onshore oil and gas reserves located in Concordia and Catahoula parishes, Louisiana; Adams, Jefferson, and Wilkinson counties, Mississippi; and Comanche County, Kansas. KFG Resources Ltd. was founded in 1994 and is headquartered in Natchez, Mississippi.

Details
Name: KFG Resources Ltd.
KFG
Exchange: TSXV
Founded: 1994
CA$3,790,473
50,539,644
Website: http://www.kfgresources.com
Address: KFG Resources Ltd.
150-A Providence Road,
Natchez,
Mississippi, 39120,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV KFG Common Shares TSX Venture Exchange CA CAD 21. Dec 1994
OTCPK KFGR.F Common Shares Pink Sheets LLC US USD 21. Dec 1994
Number of employees
Current staff
Staff numbers
0
KFG Resources employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/23 23:39
End of day share price update: 2019/05/22 00:00
Last earnings filing: 2019/03/28
Last earnings reported: 2019/01/31
Last annual earnings reported: 2018/04/30


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.