MATRRIX Energy Technologies Inc. provides horizontal and directional drilling equipment and services for the oil and gas industry in Canada and the United States.
The last earnings update was 126 days ago.
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
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
It is not possible to calculate the future cash flow value for
MATRRIX Energy Technologies. This is due to cash flow or dividend data being
unavailable. The share price is
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
MATRRIX Energy Technologies's
is considered below, and whether this is a fair price.
Price based on past earnings
MATRRIX Energy Technologies's earnings available for a low price, and how does
this compare to other companies in the same industry?
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 MATRRIX Energy Technologies 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
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
Expected Energy Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
MATRRIX Energy Technologies
expected to grow at an
Unable to compare MATRRIX Energy Technologies's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
Unable to compare MATRRIX Energy Technologies's earnings growth to the Canada market average as no estimate data is available.
Unable to compare MATRRIX Energy Technologies's revenue growth to the Canada market average as no estimate data is available.
Unable to determine if MATRRIX Energy Technologies is high growth as no earnings estimate data is available.
Unable to determine if MATRRIX Energy Technologies 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.
MATRRIX Energy Technologies'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
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)
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.
MATRRIX Energy Technologies
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.
A company's financial position is much like your own financial position,
it includes everything you own
The boxes below represent the relative size of what makes up
MATRRIX Energy Technologies's finances.
The net worth of a company is the difference between its assets and liabilities.
MATRRIX Energy Technologies is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
MATRRIX Energy Technologies's cash and other short term assets cover its long term commitments.
This treemap shows a more detailed breakdown of
MATRRIX Energy Technologies'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
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
High level of physical assets or inventory.
Debt is covered by short term assets, assets are 2.1x debt.
Nearly all companies have debt. Debt in itself isn’t
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.
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.
TENURE AS CEO
Mr. Lyle C. Whitmarsh has been President, Chief Executive Officer and Director of MatRRix Energy Technologies Inc. since January 23, 2018. Mr. Whitmarsh has been the President of Savanna Energy Services Corp. since June 1, 2017. He served as President of Rig Division at MatRRix Energy Technologies Inc. from August 2017 to January 23, 2018. He served as President of Savanna Energy Services until July 2017. Mr. Whitmarsh served as President of Savanna Drilling and Savanna Well Servicing at Total Energy Services Inc since 2017 until August 3, 2017. He served as the Chief Executive Officer at Trinidad Drilling Ltd. from January 10, 2012 to March 12, 2017. He served as the President of Trinidad Drilling Ltd. from January 09, 2008 to January 09, 2012. He has been employed with Trinidad Drilling since July 2000, initially as a Field Supervisor then as General Manager since April of 2001 and as General Manager of Operations since August 2001. Mr. Whitmarsh played a vital role in a wide scope of endeavors including drilling depth ranges to 30,000 feet globally, including 3,000 foot wells in Southern Alberta. He has been responsible for the overall operation of 150 rigs and is proud to have been part of a team earning a Total Recordable Incident Rate (TRIR) of under one. He has more than 33 years of experience in the Western Canadian oil & gas exploration industry. From 1987 to 2000, Mr. Whitmarsh was employed in an Operational capacity with Champion Drilling (a division of Artisan Drilling) ultimately becoming the Operations Manager of Artisan Drilling in 1998 upon its acquisition by Ensign Resource Services Group Inc. In 1999, he formed his own drilling consulting company, Summit Oilfield Consulting, Ltd., specializing in drilling high profile horizontal, vertical and coal bed methane wells in Western Canada in areas with diversified technical problems and environmental issues. He has been a Director of Savanna Energy Services Corp. since April 5, 2017. He served as a Non Independent Director at Trinidad Drilling Ltd. from January 9, 2008 to March 12, 2017. Mr. Whitmarsh served as Director of Guardian Exploration Inc. from May 26, 2006 to August 17, 2006. Mr. Whitmarsh has served in various capacities with the Canadian Association of Oilwell Drilling Contractors (CAODC) during 2005 to 2017, in Calgary, Alberta.
Insufficient data for Lyle to compare compensation growth.
Insufficient data for Lyle to establish whether their remuneration is reasonable compared to companies of similar size in Canada.
Management Team Tenure
Average tenure of the
MATRRIX Energy Technologies
management team in years:
The tenure for the MATRRIX Energy Technologies management team is about average.
CFO & Corporate Secretary
Rob van Bostelen
Vice President of Operations
Vice President of Sales
Board of Directors Tenure
Average tenure and age of the
MATRRIX Energy Technologies
board of directors in years:
The tenure for the MATRRIX Energy Technologies board of directors is about average.
Board of Directors
Who owns this company?
Recent Insider Trading
More shares have been bought than sold by MATRRIX Energy Technologies insiders in the past 3 months, but not in substantial volumes.
Have Insiders Been Buying MATRRIX Energy Technologies Inc. (CVE:MXX) Shares?
So shareholders might well want to know whether insiders have been buying or selling shares in MATRRIX Energy Technologies Inc. … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.'. … Overall, MATRRIX Energy Technologies insiders were net buyers last year
Could The MATRRIX Energy Technologies Inc (CVE:MXX) Ownership Structure Tell Us Something Useful?
Every investor in MATRRIX Energy Technologies Inc (CVE:MXX) should be aware of the most powerful shareholder groups. … MATRRIX Energy Technologies is not a large company by global standards. … Check out our latest analysis for MATRRIX Energy Technologies
Should You Be Concerned About MATRRIX Energy Technologies Inc's (CVE:MXX) Shareholders?
I am going to take a deep dive into MATRRIX Energy Technologies Inc’s (CVE:MXX) most recent ownership structure, not a frequent subject of discussion among individual investors. … The implications of these institutions’ actions can either benefit or hinder individual investors, so it is important to understand the ownership composition of your stock investment. … Therefore, it is beneficial for us to examine MXX's ownership structure in more detail.
Where MatRRix Energy Technologies Inc (TSXV:MXX) Stands In Terms Of Earnings Growth Against Its Industry
Examining MatRRix Energy Technologies Inc's (TSXV:MXX) past track record of performance is a valuable exercise for investors. … Check out our latest analysis for MatRRix Energy Technologies Were MXX's earnings stronger than its past performances and the industry? … The most valuable step is to assess company-specific issues MatRRix Energy Technologies may be facing and whether management guidance has steadily been met in the past.
MATRRIX Energy Technologies Inc. provides horizontal and directional drilling equipment and services for the oil and gas industry in Canada and the United States. It operates through two segments, Directional Drilling and Land Based Contract Drilling. The company als offers oilfield services in the Western Canadian Sedimentary Basin. The company was incorporated in 2011 and is headquartered in Calgary, Canada.
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