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MATRRIX Energy Technologies

TSXV:MXX
Snowflake Description

Mediocre balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MXX
TSXV
CA$26M
Market Cap
  1. Home
  2. CA
  3. Energy
Company description

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. More info.


Add to Portfolio Compare Print
  • MATRRIX Energy Technologies has significant price volatility in the past 3 months.
MXX Share Price and Events
7 Day Returns
8.1%
TSXV:MXX
-1.2%
CA Energy Services
0.7%
CA Market
1 Year Returns
-51.2%
TSXV:MXX
-18.4%
CA Energy Services
-0.1%
CA Market
MXX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
MATRRIX Energy Technologies (MXX) 8.1% 0% 0% -51.2% 42.9% -67.2%
CA Energy Services -1.2% -0.3% 13.6% -18.4% -7.3% -62.7%
CA Market 0.7% 1.6% 11.5% -0.1% 15.4% 5%
1 Year Return vs Industry and Market
  • MXX underperformed the Energy Services industry which returned -18.4% over the past year.
  • MXX underperformed the Market in Canada which returned -0.1% over the past year.
Price Volatility
MXX
Industry
5yr Volatility vs Market

MXX Value

 Is MATRRIX Energy Technologies 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
  • 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 CA$0.2.
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 earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are MATRRIX Energy Technologies's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:MXX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in CAD CA$-0.06
TSXV:MXX Share Price ** TSXV (2019-03-18) in CAD CA$0.2
Canada Energy Services Industry PE Ratio Median Figure of 14 Publicly-Listed Energy Services Companies 17.84x
Canada Market PE Ratio Median Figure of 542 Publicly-Listed Companies 14.84x

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

** Primary Listing of MATRRIX Energy Technologies.

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

= TSXV:MXX Share Price ÷ EPS (both in CAD)

= 0.2 ÷ -0.06

-3.53x

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

  • MATRRIX Energy Technologies is loss making, we can't compare its value to the CA Energy Services industry average.
  • MATRRIX Energy Technologies is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does MATRRIX Energy Technologies's expected growth come at a high price?
Raw Data
TSXV:MXX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -3.53x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Canada Energy Services Industry PEG Ratio Median Figure of 11 Publicly-Listed Energy Services Companies 0.94x
Canada Market PEG Ratio Median Figure of 251 Publicly-Listed Companies 1.2x

*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 MATRRIX Energy Technologies, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on MATRRIX Energy Technologies's assets?
Raw Data
TSXV:MXX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in CAD CA$0.29
TSXV:MXX Share Price * TSXV (2019-03-18) in CAD CA$0.2
Canada Energy Services Industry PB Ratio Median Figure of 42 Publicly-Listed Energy Services Companies 0.87x
Canada Market PB Ratio Median Figure of 2,348 Publicly-Listed Companies 1.57x
TSXV:MXX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:MXX Share Price ÷ Book Value per Share (both in CAD)

= 0.2 ÷ 0.29

0.69x

* Primary Listing of MATRRIX Energy Technologies.

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

  • MATRRIX Energy Technologies is good value based on assets compared to the CA Energy Services industry average.
X
Value checks
We assess MATRRIX Energy Technologies'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 Energy Services 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 Energy Services industry average (and greater than 0)? (1 check)
  5. MATRRIX Energy Technologies has a total score of 1/6, 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.

MXX Future Performance

 How is MATRRIX Energy Technologies 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 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 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
40.4%
Expected Energy Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is MATRRIX Energy Technologies expected to grow at an attractive rate?
  • 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.
Annual Growth Rates Comparison
Raw Data
TSXV:MXX Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Energy Services Industry Earnings Growth Rate Market Cap Weighted Average 40.4%
Canada Energy Services Industry Revenue Growth Rate Market Cap Weighted Average 9.8%
Canada Market Earnings Growth Rate Market Cap Weighted Average 17.9%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6.8%

*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:MXX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSXV:MXX Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-09-30 19 2 -7
2018-06-30 16 2 -6
2018-03-31 15 -1 -6
2017-12-31 10 -1 -7
2017-09-30 6 -2 -3
2017-06-30 4 -2 -4
2017-03-31 3 -2 -4
2016-12-31 2 -1 -4
2016-09-30 2 -1 -5
2016-06-30 3 -1 -8
2016-03-31 3 0 -9
2015-12-31 4 3 -9

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • 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.
Raw Data
TSXV:MXX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from MATRRIX Energy Technologies Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:MXX Past Financials Data
Date (Data in CAD Millions) EPS *
2018-09-30 -0.06
2018-06-30 -0.07
2018-03-31 -0.09
2017-12-31 -0.16
2017-09-30 -0.11
2017-06-30 -0.12
2017-03-31 -0.13
2016-12-31 -0.14
2016-09-30 -0.15
2016-06-30 -0.26
2016-03-31 -0.28
2015-12-31 -0.29

*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 MATRRIX Energy Technologies will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. MATRRIX Energy Technologies'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
  2. MATRRIX Energy Technologies's competitive advantages and company strategy can generally be found in its financial reports archived here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess MATRRIX Energy Technologies'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.
MATRRIX Energy Technologies 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.

MXX Past Performance

  How has MATRRIX Energy Technologies 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 MATRRIX Energy Technologies's growth in the last year to its industry (Energy Services).
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.
  • MATRRIX Energy Technologies does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare MATRRIX Energy Technologies's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare MATRRIX Energy Technologies's 1-year growth to the CA Energy Services industry average as it is not currently profitable.
Earnings and Revenue History
MATRRIX Energy Technologies'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 MATRRIX Energy Technologies Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:MXX Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 19.29 -6.59 4.58
2018-06-30 16.44 -6.43 4.34
2018-03-31 15.45 -5.98 3.76
2017-12-31 9.53 -6.88 3.23
2017-09-30 5.68 -3.45 2.79
2017-06-30 4.01 -3.90 2.59
2017-03-31 2.96 -4.30 2.54
2016-12-31 2.33 -4.42 2.42
2016-09-30 2.00 -4.73 2.58
2016-06-30 2.82 -8.49 2.80
2016-03-31 3.20 -9.01 3.02
2015-12-31 4.38 -9.49 3.41
2015-09-30 13.40 -7.89 3.74
2015-06-30 21.75 -1.92 4.08
2015-03-31 26.09 -0.94 4.45
2014-12-31 34.84 1.44 4.93
2014-09-30 32.65 0.88 5.41
2014-06-30 31.29 -0.17 5.51
2014-03-31 29.97 -1.04 5.85
2013-12-31 25.26 -1.80 5.84
2013-09-30 20.81 -1.88 5.02
2013-06-30 15.91 -1.57 4.56
2013-03-31 13.67 -0.74 3.87
2012-12-31 12.96 -0.47 3.30
2012-09-30 13.17 0.08 3.23
2012-06-30 10.40 -4.53 2.90
2012-03-31 9.23 -3.77 2.31

*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 MATRRIX Energy Technologies has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if MATRRIX Energy Technologies has efficiently used its assets last year compared to the CA Energy Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if MATRRIX Energy Technologies 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 MATRRIX Energy Technologies'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 Energy Services 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.
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.

Full details on the Past part of the Simply Wall St company analysis model.

MXX Health

 How is MATRRIX Energy Technologies'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 MATRRIX Energy Technologies's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • 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.
Balance sheet
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 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.
  • Debt is covered by short term assets, assets are 2.1x 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.
Raw Data

All data from MATRRIX Energy Technologies Company Filings, last reported 5 months ago.

TSXV:MXX Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 38.27 3.05 2.87
2018-06-30 39.11 2.37 4.97
2018-03-31 39.92 2.34 14.30
2017-12-31 36.72 2.30 15.14
2017-09-30 12.68 0.00 3.35
2017-06-30 12.20 0.00 2.71
2017-03-31 13.12 0.00 3.12
2016-12-31 13.77 0.00 3.61
2016-09-30 14.77 0.00 4.16
2016-06-30 15.92 0.00 4.81
2016-03-31 17.25 0.00 5.03
2015-12-31 17.99 0.00 5.06
2015-09-30 19.25 0.00 4.96
2015-06-30 23.91 0.00 5.72
2015-03-31 25.79 0.00 5.42
2014-12-31 26.76 0.00 2.53
2014-09-30 26.25 0.00 4.58
2014-06-30 24.52 0.00 6.61
2014-03-31 25.17 0.00 3.14
2013-12-31 24.59 0.00 4.24
2013-09-30 24.82 0.00 4.34
2013-06-30 24.82 0.00 5.65
2013-03-31 26.35 0.00 5.74
2012-12-31 25.87 0.00 10.72
2012-09-30 26.13 0.00 11.35
2012-06-30 25.74 0.00 14.15
2012-03-31 25.46 0.00 13.73
  • MATRRIX Energy Technologies's level of debt (8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 8% today).
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.

  • MATRRIX Energy Technologies has less than a year of cash runway based on current free cash flow.
  • MATRRIX Energy Technologies has less than a year of cash runway if free cash flow continues to grow at historical rates of 120.1% each year.
X
Financial health checks
We assess MATRRIX Energy Technologies'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. MATRRIX Energy Technologies has a total score of 3/6, 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.

MXX Dividends

 What is MATRRIX Energy Technologies'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 MATRRIX Energy Technologies dividends.
If you bought CA$2,000 of MATRRIX Energy Technologies 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 MATRRIX Energy Technologies's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate MATRRIX Energy Technologies'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:MXX 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 Energy Services Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 3.7%
Canada Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.6%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
Canada Top 25% Dividend Yield 75th Percentile 5.6%

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 MATRRIX Energy Technologies has not reported any payouts.
  • Unable to verify if MATRRIX Energy Technologies's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of MATRRIX Energy Technologies's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as MATRRIX Energy Technologies 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 MATRRIX Energy Technologies's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 MATRRIX Energy Technologies afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. MATRRIX Energy Technologies 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.

MXX Management

 What is the CEO of MATRRIX Energy Technologies'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
Lyle Whitmarsh
AGE 50
TENURE AS CEO 1.2 years
CEO Bio

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.

CEO Compensation
  • 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:

4.3
Average Tenure
  • The tenure for the MATRRIX Energy Technologies management team is about average.
Management Team

Jeff Schab

TITLE
CFO & Corporate Secretary
COMPENSATION
CA$99K
TENURE
4.1 yrs

Rob van Bostelen

TITLE
Vice President of Operations
COMPENSATION
CA$184K
AGE
52
TENURE
7.8 yrs

Charlie Lloyd

TITLE
Vice President of Sales
COMPENSATION
CA$209K
TENURE
4.5 yrs

Lyle Whitmarsh

TITLE
President
AGE
50
TENURE
1.2 yrs
Board of Directors Tenure

Average tenure and age of the MATRRIX Energy Technologies board of directors in years:

3.1
Average Tenure
57
Average Age
  • The tenure for the MATRRIX Energy Technologies board of directors is about average.
Board of Directors

Thane Russell

TITLE
Chairman
COMPENSATION
CA$17K
TENURE
1.9 yrs

Lyle Whitmarsh

TITLE
President
AGE
50
TENURE
1.2 yrs

Elson McDougald

TITLE
Director
COMPENSATION
CA$29K
AGE
73
TENURE
1.6 yrs

Rodger Hawkins

TITLE
Independent Director
COMPENSATION
CA$18K
TENURE
7.5 yrs

Matthew Andrade

TITLE
Director
COMPENSATION
CA$2K
TENURE
4.3 yrs

Terry Owen

TITLE
Independent Director
COMPENSATION
CA$5K
AGE
57
TENURE
7.5 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by MATRRIX Energy Technologies insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
11. Jan 19 Buy Matthew Andrade Individual 08. Jan 19 11. Jan 19 6,500 CA$0.18 CA$1,152
26. Dec 18 Buy Lyle Whitmarsh Individual 21. Dec 18 21. Dec 18 228,000 CA$0.19 CA$43,320
14. Dec 18 Buy Matthew Andrade Individual 12. Dec 18 12. Dec 18 5,000 CA$0.19 CA$950
11. Dec 18 Buy Lyle Whitmarsh Individual 06. Dec 18 06. Dec 18 20,000 CA$0.20 CA$4,000
20. Nov 18 Buy Lyle Whitmarsh Individual 16. Nov 18 16. Nov 18 101,000 CA$0.22 CA$21,340
31. May 18 Buy Lyle Whitmarsh Individual 29. May 18 30. May 18 295,000 CA$0.33 CA$96,592
X
Management checks
We assess MATRRIX Energy Technologies'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. MATRRIX Energy Technologies 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.

MXX News

Simply Wall St News

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

Simply Wall St -

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

Simply Wall St -

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.

Simply Wall St -

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.

Simply Wall St -

MXX Company Info

Description

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.

Details
Name: MATRRIX Energy Technologies Inc.
MXX
Exchange: TSXV
Founded: 2011
CA$26,322,871
131,614,355
Website: http://www.matrrix.com
Address: MATRRIX Energy Technologies Inc.
Bow Valley Square IV,
6th Avenue SW,
Calgary,
Alberta, T2P 3H7,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV MXX Common Shares TSX Venture Exchange CA CAD 22. Sep 2011
BST 5X3 Common Shares Boerse-Stuttgart DE EUR 22. Sep 2011
Number of employees
Current staff
Staff numbers
122
MATRRIX Energy Technologies employees.
Industry
Oil and Gas Equipment and Services
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/19 00:21
End of day share price update: 2019/03/18 00:00
Last earnings filing: 2018/11/13
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


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.