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MCR

Macro Enterprises TSXV:MCR Stock Report

Last Price

CA$4.00

Market Cap

CA$127.2m

7D

0%

1Y

58.7%

Updated

24 Jun, 2022

Data

Company Financials
MCR fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance0/6
Financial Health5/6
Dividends0/6

MCR Stock Overview

Macro Enterprises Inc. provides pipeline and facilities construction and maintenance services to the oil and gas industry in western Canada.

Macro Enterprises Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Macro Enterprises
Historical stock prices
Current Share PriceCA$4.00
52 Week HighCA$4.00
52 Week LowCA$2.29
Beta1.48
1 Month Change0%
3 Month Change1.78%
1 Year Change58.73%
3 Year Change1.27%
5 Year Change118.58%
Change since IPO150.00%

Recent News & Updates

Shareholder Returns

MCRCA Energy ServicesCA Market
7D0%-8.5%-2.0%
1Y58.7%-1.2%-5.7%

Return vs Industry: MCR exceeded the Canadian Energy Services industry which returned -1.2% over the past year.

Return vs Market: MCR exceeded the Canadian Market which returned -5.7% over the past year.

Price Volatility

Is MCR's price volatile compared to industry and market?
MCR volatility
MCR Average Weekly Movementn/a
Energy Services Industry Average Movement7.9%
Market Average Movement9.7%
10% most volatile stocks in CA Market16.8%
10% least volatile stocks in CA Market4.3%

Stable Share Price: Insufficient data to determine MCR's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine MCR's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
1994n/aFrank Mileshttps://www.macroindustries.ca

Macro Enterprises Inc. provides pipeline and facilities construction and maintenance services to the oil and gas industry in western Canada. It offers construction, alteration, repair, and installation of pipeline and facility pressure piping, and structural steel facilities. The company was founded in 1994 and is headquartered in Fort Saint John, Canada.

Macro Enterprises Fundamentals Summary

How do Macro Enterprises's earnings and revenue compare to its market cap?
MCR fundamental statistics
Market CapCA$127.23m
Earnings (TTM)-CA$3.16m
Revenue (TTM)CA$349.20m

0.4x

P/S Ratio

-40.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MCR income statement (TTM)
RevenueCA$349.20m
Cost of RevenueCA$299.23m
Gross ProfitCA$49.97m
Other ExpensesCA$53.13m
Earnings-CA$3.16m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.099
Gross Margin14.31%
Net Profit Margin-0.90%
Debt/Equity Ratio18.7%

How did MCR perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales 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 MCR?

Other financial metrics that can be useful for relative valuation.

MCR 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/Revenue0.4x
Enterprise Value/EBITDA3.7x
PEG Ration/a

Price to Sales Ratio vs Peers

How does MCR's PS Ratio compare to its peers?

MCR PS Ratio vs Peers
The above table shows the PS ratio for MCR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average1.3x

Price-To-Sales vs Peers: MCR is good value based on its Price-To-Sales Ratio (0.4x) compared to the peer average (1.3x).


Price to Earnings Ratio vs Industry

How does MCR's PE Ratio compare vs other companies in the Canadian Energy Services Industry?

Price-To-Sales vs Industry: MCR is good value based on its Price-To-Sales Ratio (0.4x) compared to the Canadian Energy Services industry average (0.7x)


Price to Sales Ratio vs Fair Ratio

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

MCR PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.4x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate MCR's Price-To-Sales Fair Ratio for valuation analysis.


Share Price vs Fair Value

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

Below Fair Value: MCR (CA$4) is trading below our estimate of fair value (CA$5.87)

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


Price to Earnings Growth Ratio

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


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Future Growth

How is Macro Enterprises forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


57.6%

Forecasted Energy industry annual growth in earnings

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 Macro Enterprises 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 SimplyWall St do have past financial data.


Discover growth companies

  • Examine whether Macro Enterprises is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • Macro Enterprises competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Macro Enterprises performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


22.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MCR is currently unprofitable.

Growing Profit Margin: MCR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MCR is unprofitable, but has reduced losses over the past 5 years at a rate of 22.5% per year.

Accelerating Growth: Unable to compare MCR's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MCR is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (-8%).


Return on Equity

High ROE: MCR has a negative Return on Equity (-2.63%), as it is currently unprofitable.


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Financial Health

How is Macro Enterprises's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: MCR's short term assets (CA$132.2M) exceed its short term liabilities (CA$81.9M).

Long Term Liabilities: MCR's short term assets (CA$132.2M) exceed its long term liabilities (CA$33.5M).


Debt to Equity History and Analysis

Debt Level: MCR has more cash than its total debt.

Reducing Debt: MCR's debt to equity ratio has increased from 6.2% to 18.7% over the past 5 years.

Debt Coverage: MCR's debt is well covered by operating cash flow (138.3%).

Interest Coverage: MCR's interest payments on its debt are well covered by EBIT (8.1x coverage).


Balance Sheet


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Dividend

What is Macro Enterprises's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

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

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


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MCR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MCR's dividend payments have been increasing.


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: Unable to calculate sustainability of dividends as MCR has not reported any payouts.


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Management

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

15.4yrs

Average management tenure


CEO

Frank Miles

16.42yrs

Tenure

CA$1,618,285

Compensation

Mr. Frank Dorsey Miles has been Chief Executive Officer of Macro Enterprises Inc. (also known as Macro Industries Inc.) since September 30, 2008 and also served as its President. Mr. Miles serves as Chief...


CEO Compensation Analysis

Compensation vs Market: Frank's total compensation ($USD1.25M) is above average for companies of similar size in the Canadian market ($USD175.39K).

Compensation vs Earnings: Frank's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: MCR's management team is seasoned and experienced (15.4 years average tenure).


Board Members

Experienced Board: MCR's board of directors are seasoned and experienced ( 16.4 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Macro Enterprises Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Macro Enterprises Inc.
  • Ticker: MCR
  • Exchange: TSXV
  • Founded: 1994
  • Industry: Oil and Gas Equipment and Services
  • Sector: Energy
  • Implied Market Cap: CA$127.231m
  • Shares outstanding: 31.81m
  • Website: https://www.macroindustries.ca

Number of Employees


Location

  • Macro Enterprises Inc.
  • PO Box 6781
  • Fort Saint John
  • British Columbia
  • V1J 4J2
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/24 00:00
End of Day Share Price2022/04/22 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.