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ORC.

Orca Energy Group TSXV:ORC.B Stock Report

Last Price

CA$4.80

Market Cap

CA$201.0m

7D

-3.6%

1Y

-11.1%

Updated

29 Sep, 2022

Data

Company Financials +
ORC.B fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends4/6

ORC.B Stock Overview

Orca Energy Group Inc. engages in the exploration, development, production, and sale of petroleum and natural gas to the power and industrial sectors in Tanzania.

Orca Energy Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Orca Energy Group
Historical stock prices
Current Share PriceCA$4.80
52 Week HighCA$5.75
52 Week LowCA$4.65
Beta0.31
1 Month Change-4.00%
3 Month Change-6.25%
1 Year Change-11.11%
3 Year Change-25.58%
5 Year Change11.37%
Change since IPO380.00%

Recent News & Updates

Shareholder Returns

ORC.BCA Oil and GasCA Market
7D-3.6%-5.0%-2.9%
1Y-11.1%23.2%-6.2%

Return vs Industry: ORC.B underperformed the Canadian Oil and Gas industry which returned 23.8% over the past year.

Return vs Market: ORC.B underperformed the Canadian Market which returned -5.6% over the past year.

Price Volatility

Is ORC.B's price volatile compared to industry and market?
ORC.B volatility
ORC.B Average Weekly Movement2.1%
Oil and Gas Industry Average Movement10.4%
Market Average Movement9.9%
10% most volatile stocks in CA Market18.1%
10% least volatile stocks in CA Market3.8%

Stable Share Price: ORC.B is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: ORC.B's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2004n/aJay Lyonshttps://orcaenergygroup.com

Orca Energy Group Inc. engages in the exploration, development, production, and sale of petroleum and natural gas to the power and industrial sectors in Tanzania. It principally holds interests in the Songo Songo natural gas field located to the south of Dar Es Salaam. The company was formerly known as Orca Exploration Group Inc. and changed its name to Orca Energy Group Inc. in July 2020.

Orca Energy Group Fundamentals Summary

How do Orca Energy Group's earnings and revenue compare to its market cap?
ORC.B fundamental statistics
Market CapCA$201.01m
Earnings (TTM)CA$31.70m
Revenue (TTM)CA$140.91m

3.0x

P/E Ratio

0.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ORC.B income statement (TTM)
RevenueUS$102.77m
Cost of RevenueUS$14.80m
Gross ProfitUS$87.97m
Other ExpensesUS$64.85m
EarningsUS$23.12m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Nov 16, 2022

Earnings per share (EPS)1.16
Gross Margin85.60%
Net Profit Margin22.50%
Debt/Equity Ratio65.7%

How did ORC.B perform over the long term?

See historical performance and comparison

Dividends

8.3%

Current Dividend Yield

27%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is ORC.B 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-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ORC.B?

Other financial metrics that can be useful for relative valuation.

ORC.B 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/Revenue1.2x
Enterprise Value/EBITDA1.6x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does ORC.B's PE Ratio compare to its peers?

ORC.B PE Ratio vs Peers
The above table shows the PE ratio for ORC.B vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average39.7x
YGR Yangarra Resources
2.4xn/aCA$204.9m
PRQ Petrus Resources
1.6xn/aCA$240.6m
ALPS.U Alpine Summit Energy Partners
152.1xn/aUS$187.4m
GXE Gear Energy
2.6xn/aCA$300.1m
ORC.B Orca Energy Group
3xn/aCA$201.0m

Price-To-Earnings vs Peers: ORC.B is good value based on its Price-To-Earnings Ratio (3x) compared to the peer average (39.7x).


Price to Earnings Ratio vs Industry

How does ORC.B's PE Ratio compare vs other companies in the CA Oil and Gas Industry?

Price-To-Earnings vs Industry: ORC.B is good value based on its Price-To-Earnings Ratio (3x) compared to the Canadian Oil and Gas industry average (5.6x)


Price to Earnings Ratio vs Fair Ratio

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

ORC.B PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ORC.B's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

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

Below Fair Value: ORC.B (CA$4.8) is trading below our estimate of fair value (CA$112.51)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.


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Future Growth

How is Orca Energy Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

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


5.8%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if ORC.B's forecast earnings growth is above the savings rate (1.6%).

Earnings vs Market: Insufficient data to determine if ORC.B's earnings are forecast to grow faster than the Canadian market

High Growth Earnings: Insufficient data to determine if ORC.B's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ORC.B's revenue (5.8% per year) is forecast to grow slower than the Canadian market (5.8% per year).

High Growth Revenue: ORC.B's revenue (5.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if ORC.B's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Orca Energy Group performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


28.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ORC.B has high quality earnings.

Growing Profit Margin: ORC.B's current net profit margins (22.5%) are higher than last year (19.7%).


Past Earnings Growth Analysis

Earnings Trend: ORC.B's earnings have grown significantly by 28.7% per year over the past 5 years.

Accelerating Growth: ORC.B's earnings growth over the past year (43.9%) exceeds its 5-year average (28.7% per year).

Earnings vs Industry: ORC.B earnings growth over the past year (43.9%) underperformed the Oil and Gas industry 176.9%.


Return on Equity

High ROE: ORC.B's Return on Equity (30.4%) is considered high.


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Financial Health

How is Orca Energy Group's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ORC.B's short term assets ($120.7M) exceed its short term liabilities ($76.4M).

Long Term Liabilities: ORC.B's short term assets ($120.7M) exceed its long term liabilities ($91.6M).


Debt to Equity History and Analysis

Debt Level: ORC.B has more cash than its total debt.

Reducing Debt: ORC.B's debt to equity ratio has reduced from 71% to 65.7% over the past 5 years.

Debt Coverage: ORC.B's debt is well covered by operating cash flow (115.7%).

Interest Coverage: ORC.B's interest payments on its debt are well covered by EBIT (7.3x coverage).


Balance Sheet


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Dividend

What is Orca Energy Group current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


8.31%

Current Dividend Yield

Dividend Yield vs Market

Orca Energy Group Dividend Yield vs Market
How does Orca Energy Group dividend yield compare to the market?
SegmentDividend Yield
Company (Orca Energy Group)8.3%
Market Bottom 25% (CA)2.0%
Market Top 25% (CA)6.1%
Industry Average (Oil and Gas)4.8%
Analyst forecast in 3 Years (Orca Energy Group)n/a

Notable Dividend: ORC.B's dividend (8.31%) is higher than the bottom 25% of dividend payers in the Canadian market (2.01%).

High Dividend: ORC.B's dividend (8.31%) is in the top 25% of dividend payers in the Canadian market (6.04%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, ORC.B has been paying a dividend for less than 10 years.

Growing Dividend: ORC.B's dividend payments have increased, but the company has only paid a dividend for 3 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (26.8%), ORC.B's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (17.5%), ORC.B's dividend payments are well covered by cash flows.


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Management

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

5.7yrs

Average management tenure


CEO

Jay Lyons

3.33yrs

Tenure

US$541,482

Compensation

Mr. Jay C. Lyons has been Chief Executive Officer of Orca Energy Group Inc. since June 14, 2021. Mr. Lyons served as Interim Chief Executive Officer of Orca Energy Group Inc. since September 16, 2020 until...


CEO Compensation Analysis

Jay Lyons's Compensation vs Orca Energy Group Earnings
How has Jay Lyons's remuneration changed compared to Orca Energy Group's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

US$23m

Mar 31 2022n/an/a

US$20m

Dec 31 2021US$541kUS$400k

US$16m

Sep 30 2021n/an/a

US$22m

Jun 30 2021n/an/a

US$16m

Mar 31 2021n/an/a

US$19m

Dec 31 2020US$500kUS$117k

US$28m

Sep 30 2020n/an/a

US$33m

Jun 30 2020n/an/a

US$34m

Mar 31 2020n/an/a

US$35m

Dec 31 2019US$161kn/a

US$25m

Compensation vs Market: Jay's total compensation ($USD541.48K) is above average for companies of similar size in the Canadian market ($USD176.97K).

Compensation vs Earnings: Jay's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: ORC.B's management team is seasoned and experienced (5.7 years average tenure).


Board Members

Experienced Board: ORC.B's board of directors are considered experienced (3.2 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

What is the ownership structure of ORC.B?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders500.0003%
Institutions100,0000.5%
Private Companies4,923,06624.7%
General Public14,900,09374.8%

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


Top Shareholders

Top 3 shareholders own 25.21% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
24.71%
Estate of W. David Lyons
4,923,066$23.6m0%no data
0.5%
I.C.M. InvestmentBank AG
100,000$480.0k0%1.13%
0.00025%
Jay Lyons
50$240.00%no data

Company Information

Orca Energy Group Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Orca Energy Group Inc.
  • Ticker: ORC.B
  • Exchange: TSXV
  • Founded: 2004
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Implied Market Cap: CA$201.011m
  • Shares outstanding: 19.92m
  • Website: https://orcaenergygroup.com

Location

  • Orca Energy Group Inc.
  • Vistra Corporate Service Centre
  • Wickhams Cay II
  • Road Town
  • Tortola
  • VG110
  • British Virgin Islands


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ORC.ATSXV (TSX Venture Exchange)Class A SharesCACADAug 2004
ORC.BTSXV (TSX Venture Exchange)YesClass B SharesCACADAug 2004
ORXG.FOTCPK (Pink Sheets LLC)YesClass B SharesUSUSDAug 2004
E9NBDB (Deutsche Boerse AG)YesClass B SharesDEEURAug 2004

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/29 00:00
End of Day Share Price2022/09/29 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.