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
|Historical stock prices|
|Current Share Price||CA$0.24|
|52 Week High||CA$0.48|
|52 Week Low||CA$0.04|
|1 Month Change||11.63%|
|3 Month Change||-26.15%|
|1 Year Change||336.36%|
|3 Year Change||300.00%|
|5 Year Change||380.00%|
|Change since IPO||-99.37%|
Recent News & Updates
|WCE||CA Oil and Gas||CA Market|
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.
|WCE Average Weekly Movement||19.3%|
|Oil and Gas Industry Average Movement||11.1%|
|Market Average Movement||10.6%|
|10% most volatile stocks in CA Market||19.0%|
|10% least volatile stocks in CA Market||4.3%|
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
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
|WCE fundamental statistics|
Is WCE overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|WCE income statement (TTM)|
|Cost of Revenue||CA$953.53k|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||0.0025|
|Net Profit Margin||7.68%|
How did WCE perform over the long term?See historical performance and comparison
Is WCE undervalued compared to its fair value, analyst forecasts and its price relative to the market?
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
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.
|What is WCE's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does WCE's PE Ratio compare to its peers?
|WCE PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
PEI Prospera Energy
TPC Tenth Avenue Petroleum
KUB Cub Energy
MET Metalore Resources
WCE WesCan Energy
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.
|Current PE Ratio||97.6x|
|Fair PE Ratio||n/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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How is WesCan Energy forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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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How has WesCan Energy performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
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.
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How is WesCan Energy's financial position?
Financial Health Score2/6
Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
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$1.8M).
Debt to Equity History and Analysis
Debt Level: WCE's net debt to equity ratio (27.8%) is considered satisfactory.
Reducing Debt: WCE's debt to equity ratio has increased from 34% to 55.7% over the past 5 years.
Debt Coverage: WCE's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: WCE's interest payments on its debt are well covered by EBIT (34x coverage).
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What is WesCan Energy current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate WCE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate WCE's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if WCE's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if WCE's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as WCE has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Greg T. Busby has been the Chief Executive Officer, President and Director of Wescan Energy Corp. since September 05, 2012. Mr. Busby served as the Chief Executive Officer and President of Tuscany Ener...
CEO Compensation Analysis
Compensation vs Market: Greg's total compensation ($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.
Experienced Management: WCE's management team is seasoned and experienced (9.9 years average tenure).
Experienced Board: WCE's board of directors are considered experienced (9.9 years average tenure).
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 16.9%.
WesCan Energy Corp.'s employee growth, exchange listings and data sources
- 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
- WesCan Energy Corp.
- 520 – 5th Avenue S.W.
- Suite 2500
- T2P 3R5
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/12 00:00|
|End of Day Share Price||2022/08/12 00:00|
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.