TSX:OGD

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Orbit Garant Drilling

Market Cap

CA$45.5m

Last Updated

2021/06/12 08:09 UTC

Data Sources

Company Financials +

Executive Summary

Orbit Garant Drilling Inc. provides mineral drilling services in Canada, the United States, South America, and West Africa. More Details


Snowflake Analysis

Fair value with mediocre balance sheet.


Similar Companies

Share Price & News

How has Orbit Garant Drilling's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: OGD is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: OGD's weekly volatility (12%) has been stable over the past year.


Market Performance


7 Day Return

-5.4%

OGD

0.09%

CA Metals and Mining

0.3%

CA Market


1 Year Return

141.2%

OGD

27.4%

CA Metals and Mining

37.0%

CA Market

Return vs Industry: OGD exceeded the Canadian Metals and Mining industry which returned 27.4% over the past year.

Return vs Market: OGD exceeded the Canadian Market which returned 37% over the past year.


Shareholder returns

OGDIndustryMarket
7 Day-5.4%0.09%0.3%
30 Day2.5%3.1%4.6%
90 Day28.1%11.6%6.0%
1 Year141.2%141.2%28.8%27.4%41.4%37.0%
3 Year-46.3%-46.3%59.9%56.1%32.5%20.0%
5 Year-18.0%-18.0%52.3%47.4%62.6%38.2%

Long-Term Price Volatility Vs. Market

How volatile is Orbit Garant Drilling's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Orbit Garant Drilling undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: OGD (CA$1.23) is trading below our estimate of fair value (CA$11.7)

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


Price To Earnings Ratio

PE vs Industry: OGD is poor value based on its PE Ratio (26.2x) compared to the Canadian Metals and Mining industry average (16.1x).

PE vs Market: OGD is poor value based on its PE Ratio (26.2x) compared to the Canadian market (15.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate OGD's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: OGD is good value based on its PB Ratio (0.6x) compared to the CA Metals and Mining industry average (3.1x).


Future Growth

How is Orbit Garant Drilling forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

15.3%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if OGD's forecast earnings growth is above the savings rate (1.5%).

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

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

Revenue vs Market: OGD's revenue (15.3% per year) is forecast to grow faster than the Canadian market (5.7% per year).

High Growth Revenue: OGD's revenue (15.3% 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 OGD's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Orbit Garant Drilling performed over the past 5 years?

-8.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: OGD has a large one-off gain of CA$3.1M impacting its March 31 2021 financial results.

Growing Profit Margin: OGD became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: OGD has become profitable over the past 5 years, growing earnings by -8.7% per year.

Accelerating Growth: OGD has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: OGD has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (214.7%).


Return on Equity

High ROE: OGD's Return on Equity (2.4%) is considered low.


Financial Health

How is Orbit Garant Drilling's financial position?


Financial Position Analysis

Short Term Liabilities: OGD's short term assets (CA$89.9M) exceed its short term liabilities (CA$30.5M).

Long Term Liabilities: OGD's short term assets (CA$89.9M) exceed its long term liabilities (CA$32.6M).


Debt to Equity History and Analysis

Debt Level: OGD's debt to equity ratio (47.8%) is considered high.

Reducing Debt: OGD's debt to equity ratio has increased from 14.6% to 47.8% over the past 5 years.

Debt Coverage: OGD's debt is well covered by operating cash flow (37.5%).

Interest Coverage: OGD's interest payments on its debt are not well covered by EBIT (1.3x coverage).


Balance Sheet


Dividend

What is Orbit Garant Drilling current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if OGD's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of OGD's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

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

1.0yrs

Average board tenure


CEO

Eric Alexandre

10.67yrs

Tenure

CA$479,857

Compensation

Mr. Eric Alexandre, CPA, CMA, has been the Chief Executive Officer of Orbit Garant Drilling, Inc., since October 8, 2010 and serves as its President and also served as its Chief Operating Officer until Oct...


CEO Compensation Analysis

Compensation vs Market: Eric's total compensation ($USD394.65K) is above average for companies of similar size in the Canadian market ($USD160.38K).

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


Board Members

Experienced Board: OGD's board of directors are not considered experienced ( 1 years average tenure), which suggests a new board.


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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Orbit Garant Drilling Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Orbit Garant Drilling Inc.
  • Ticker: OGD
  • Exchange: TSX
  • Founded: 1965
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: CA$45.537m
  • Shares outstanding: 37.02m
  • Website: https://www.orbitgarant.com

Number of Employees


Location

  • Orbit Garant Drilling Inc.
  • 3200, Jean-Jacques Cossette Boulevard
  • Val-D'or
  • Quebec
  • J9P 6Y6
  • Canada

Listings


Biography

Orbit Garant Drilling Inc. provides mineral drilling services in Canada, the United States, South America, and West Africa. It provides underground and surface diamond drilling services to mining companies...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/12 08:09
End of Day Share Price2021/06/11 00:00
Earnings2021/03/31
Annual Earnings2020/06/30


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.