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WCE

WesCan Energy TSXV:WCE Stock Report

Last Price

CA$0.24

Market Cap

CA$9.9m

7D

4.3%

1Y

336.4%

Updated

12 Aug, 2022

Data

Company Financials
WCE fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health2/6
Dividends0/6

WCE Stock Overview

WesCan Energy Corp., a junior public resource company, explores for, develops, and produces oil and gas properties in Alberta, Canada; and Texas, the United States.

WesCan Energy Competitors

Price History & Performance

Summary of all time highs, changes and price drops for WesCan Energy
Historical stock prices
Current Share PriceCA$0.24
52 Week HighCA$0.48
52 Week LowCA$0.04
Beta0.79
1 Month Change11.63%
3 Month Change-26.15%
1 Year Change336.36%
3 Year Change300.00%
5 Year Change380.00%
Change since IPO-99.37%

Recent News & Updates

Shareholder Returns

WCECA Oil and GasCA Market
7D4.3%4.7%3.0%
1Y336.4%48.4%0.7%

Return vs Industry: WCE exceeded the Canadian Oil and Gas industry which returned 47.1% over the past year.

Return vs Market: WCE exceeded the Canadian Market which returned -0.2% over the past year.

Price Volatility

Is WCE's price volatile compared to industry and market?
WCE volatility
WCE Average Weekly Movement19.3%
Oil and Gas Industry Average Movement11.1%
Market Average Movement10.6%
10% most volatile stocks in CA Market19.0%
10% least volatile stocks in CA Market4.3%

Stable Share Price: WCE is more volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 19% a week.

Volatility Over Time: WCE's weekly volatility has decreased from 25% to 19% over the past year, but is still higher than 75% of Canadian stocks.

About the Company

FoundedEmployeesCEOWebsite
1993n/aGreg Busbyhttps://www.wescanenergycorp.com

WesCan Energy Corp., a junior public resource company, explores for, develops, and produces oil and gas properties in Alberta, Canada; and Texas, the United States. It holds interests in petroleum and natural gas assets located in east-central Alberta. The company was formerly known as Great Pacific International Inc. and changed its name to WesCan Energy Corp. in October 2012.

WesCan Energy Fundamentals Summary

How do WesCan Energy's earnings and revenue compare to its market cap?
WCE fundamental statistics
Market CapCA$9.92m
Earnings (TTM)CA$102.09k
Revenue (TTM)CA$1.33m

97.6x

P/E Ratio

7.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
WCE income statement (TTM)
RevenueCA$1.33m
Cost of RevenueCA$953.53k
Gross ProfitCA$375.84k
Other ExpensesCA$273.75k
EarningsCA$102.09k

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.0025
Gross Margin28.27%
Net Profit Margin7.68%
Debt/Equity Ratio55.7%

How did WCE perform over the long term?

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

Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • 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 WCE?

Other financial metrics that can be useful for relative valuation.

WCE 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/Revenue7.8x
Enterprise Value/EBITDA26.7x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does WCE's PE Ratio compare to its peers?

WCE PE Ratio vs Peers
The above table shows the PE ratio for WCE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average7.1x
PEI Prospera Energy
4.1xn/aCA$13.3m
TPC Tenth Avenue Petroleum
21.7xn/aCA$7.7m
KUB Cub Energy
0.7xn/aCA$6.3m
MET Metalore Resources
2.1xn/aCA$4.1m
WCE WesCan Energy
97.6xn/aCA$9.9m

Price-To-Earnings vs Peers: WCE is expensive based on its Price-To-Earnings Ratio (97.6x) compared to the peer average (7.1x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: WCE is expensive based on its Price-To-Earnings Ratio (97.6x) compared to the Canadian Oil and Gas industry average (5.4x)


Price to Earnings Ratio vs Fair Ratio

What is WCE'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.

WCE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio97.6x
Fair PE Ration/a

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


Share Price vs Fair Value

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

Below Fair Value: Insufficient data to calculate WCE's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate WCE's fair value for valuation analysis.


Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is WesCan Energy 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


1.3%

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 WesCan Energy 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.


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  • Take a look at our analysis of WCE’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • WesCan Energy competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has WesCan Energy 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


-27.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: WCE has a large one-off gain of CA$57.9K impacting its March 31 2022 financial results.

Growing Profit Margin: WCE's current net profit margins (7.7%) are lower than last year (58.3%).


Past Earnings Growth Analysis

Earnings Trend: WCE's earnings have declined by 27.2% per year over the past 5 years.

Accelerating Growth: WCE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: WCE had negative earnings growth (-76.4%) over the past year, making it difficult to compare to the Oil and Gas industry average (173.6%).


Return on Equity

High ROE: WCE's Return on Equity (6.1%) is considered low.


Discover strong past performing companies

Financial Health

How is WesCan Energy's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: WCE's short term assets (CA$720.0K) do not cover its short term liabilities (CA$2.4M).

Long Term Liabilities: WCE's short term assets (CA$720.0K) do not cover its long term liabilities (CA$1.8M).


Debt to Equity History and Analysis

Debt Level: WCE's net debt to equity ratio (27.8%) is considered satisfactory.

Reducing Debt: WCE's debt to equity ratio has increased from 34% to 55.7% over the past 5 years.

Debt Coverage: WCE's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: WCE's interest payments on its debt are well covered by EBIT (34x coverage).


Balance Sheet


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Dividend

What is WesCan Energy 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

  • Cash Flow Coverage

Dividend Yield vs Market

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

High Dividend: Unable to evaluate WCE'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 WCE's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if WCE'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 WCE has not reported any payouts.


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Management

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

9.9yrs

Average management tenure


CEO

Greg Busby

9.92yrs

Tenure

CA$205,000

Compensation

Mr. Greg T. Busby has been the Chief Executive Officer, President and Director of Wescan Energy Corp. since September 05, 2012. Mr. Busby served as the Chief Executive Officer and President of Tuscany Ener...


CEO Compensation Analysis

Compensation vs Market: Greg's total compensation ($USD160.22K) is about average for companies of similar size in the Canadian market ($USD188.05K).

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


Leadership Team

Experienced Management: WCE's management team is seasoned and experienced (9.9 years average tenure).


Board Members

Experienced Board: WCE's board of directors are considered experienced (9.9 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 16.9%.


Top Shareholders

Company Information

WesCan Energy Corp.'s employee growth, exchange listings and data sources


Key Information

  • Name: WesCan Energy Corp.
  • Ticker: WCE
  • Exchange: TSXV
  • Founded: 1993
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Implied Market Cap: CA$9.924m
  • Shares outstanding: 41.35m
  • Website: https://www.wescanenergycorp.com

Location

  • WesCan Energy Corp.
  • 520 – 5th Avenue S.W.
  • Suite 2500
  • Calgary
  • Alberta
  • T2P 3R5
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/12 00:00
End of Day Share Price2022/08/12 00:00
Earnings2022/03/31
Annual Earnings2022/03/31


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.