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AKITA Drilling

BST:774
Snowflake Description

Average dividend payer with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
774
BST
CA$152M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

AKITA Drilling Ltd. provides contract drilling services to independent and multinational oil and gas companies, and potash producers in Canada and the United States. The last earnings update was 98 days ago. More info.


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774 Share Price and Events
7 Day Returns
14.8%
BST:774
7.7%
Europe Energy Services
2.9%
DE Market
1 Year Returns
-48.1%
BST:774
-9.8%
Europe Energy Services
-12.1%
DE Market
774 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
AKITA Drilling (774) 14.8% 4.6% -14.5% -48.1% - -
Europe Energy Services 7.7% 3.7% -3.4% -9.8% -10.7% -82.3%
DE Market 2.9% 0.8% 0.2% -12.1% 11.8% 4.9%
1 Year Return vs Industry and Market
  • 774 underperformed the Energy Services industry which returned -9.8% over the past year.
  • 774 underperformed the Market in Germany which returned -12.1% over the past year.
Price Volatility
774
Industry
5yr Volatility vs Market

Value

 Is AKITA Drilling 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
Here we compare the current share price of AKITA Drilling to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for AKITA Drilling.

BST:774 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.2%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BST:774
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 9.8%
Energy Services Unlevered Beta Simply Wall St/ S&P Global 0.83
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.828 (1 + (1- 26.5%) (49.34%))
1.128
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.13
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.128 * 9.77%)
11.25%

Discounted Cash Flow Calculation for BST:774 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for AKITA Drilling is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

BST:774 DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (CAD, Millions) 8.00 21.00 17.22 14.29 12.01
Source Analyst x1 Analyst x1 Est @ -18%, capped from -23.63% Est @ -17%, capped from -23.63% Est @ -16%, capped from -23.63%
Present Value
Discounted (@ 11.25%)
7.19 16.97 12.51 9.33 7.05
Present value of next 5 years cash flows CA$53.04
BST:774 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= CA$12.01 × (1 + 0.23%) ÷ (11.25% – 0.23%)
CA$109.20
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= CA$109.20 ÷ (1 + 11.25%)5
CA$64.09
BST:774 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= CA$53.04 + CA$64.09
CA$117.13
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$117.13 / 39.61
CA$1.9
BST:774 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BST:774 represents 0.64416x of TSX:AKT.A
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.64416x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 2.96 x 0.64416
€1.90
Value per share (EUR) From above. €1.90
Current discount Discount to share price of €2.48
= -1 x (€2.48 - €1.90) / €1.90
-30.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of AKITA Drilling is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 AKITA Drilling's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are AKITA Drilling's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:774 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in CAD CA$-1.90
TSX:AKT.A Share Price ** TSX (2019-02-18) in CAD CA$3.85
Europe Energy Services Industry PE Ratio Median Figure of 23 Publicly-Listed Energy Services Companies 17.87x
Germany Market PE Ratio Median Figure of 420 Publicly-Listed Companies 18.16x

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

** Primary Listing of AKITA Drilling.

BST:774 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:AKT.A Share Price ÷ EPS (both in CAD)

= 3.85 ÷ -1.90

-2.03x

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

  • AKITA Drilling is loss making, we can't compare its value to the Europe Energy Services industry average.
  • AKITA Drilling is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does AKITA Drilling's expected growth come at a high price?
Raw Data
BST:774 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.03x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
Europe Energy Services Industry PEG Ratio Median Figure of 19 Publicly-Listed Energy Services Companies 0.74x
Germany Market PEG Ratio Median Figure of 277 Publicly-Listed Companies 1.39x

*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 AKITA Drilling, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on AKITA Drilling's assets?
Raw Data
BST:774 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in CAD CA$7.07
TSX:AKT.A Share Price * TSX (2019-02-18) in CAD CA$3.85
Europe Energy Services Industry PB Ratio Median Figure of 64 Publicly-Listed Energy Services Companies 0.92x
Germany Market PB Ratio Median Figure of 566 Publicly-Listed Companies 1.79x
BST:774 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:AKT.A Share Price ÷ Book Value per Share (both in CAD)

= 3.85 ÷ 7.07

0.54x

* Primary Listing of AKITA Drilling.

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

  • AKITA Drilling is good value based on assets compared to the Europe Energy Services industry average.
X
Value checks
We assess AKITA Drilling'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. AKITA Drilling 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.

Future Performance

 How is AKITA Drilling expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
43.6%
Expected annual growth in revenue.
Earnings growth vs Low Risk Savings
Is AKITA Drilling expected to grow at an attractive rate?
  • Unable to compare AKITA Drilling's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare AKITA Drilling's earnings growth to the Germany market average as no estimate data is available.
  • AKITA Drilling's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
BST:774 Future Growth Rates Data Sources
Data Point Source Value (per year)
BST:774 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 43.6%
Europe Energy Services Industry Earnings Growth Rate Market Cap Weighted Average 31.9%
Europe Energy Services Industry Revenue Growth Rate Market Cap Weighted Average 8.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 9.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.7%

*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
BST:774 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BST:774 Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 275 39 1
2019-12-31 252 30 1
2018-12-31 142 11 1
BST:774 Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-09-30 86 3 -36
2018-06-30 78 11 -35
2018-03-31 79 4 -36
2017-12-31 71 5 -39
2017-09-30 61 7 -17
2017-06-30 53 4 -18
2017-03-31 38 2 -18
2016-12-31 61 12 5
2016-09-30 73 17 -20
2016-06-30 89 26 -22
2016-03-31 108 48 -20
2015-12-31 112 42 -34

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if AKITA Drilling is high growth as no earnings estimate data is available.
  • AKITA Drilling's revenue is expected to grow significantly at over 20% yearly.
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
BST:774 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from AKITA Drilling Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:774 Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31
2019-12-31
2018-12-31
BST:774 Past Financials Data
Date (Data in CAD Millions) EPS *
2018-09-30 -1.90
2018-06-30 -1.93
2018-03-31 -2.01
2017-12-31 -2.18
2017-09-30 -0.97
2017-06-30 -1.02
2017-03-31 -0.99
2016-12-31 0.30
2016-09-30 -1.09
2016-06-30 -1.25
2016-03-31 -1.12
2015-12-31 -1.89

*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 AKITA Drilling will efficiently use shareholders’ funds in the future (Return on Equity greater than 20%) as it is not expected to be profitable.
X
Future performance checks
We assess AKITA Drilling'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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
AKITA Drilling has a total score of 2/6, 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.

Past Performance

  How has AKITA Drilling 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 AKITA Drilling'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.
  • AKITA Drilling does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare AKITA Drilling's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare AKITA Drilling's 1-year growth to the Europe Energy Services industry average as it is not currently profitable.
Earnings and Revenue History
AKITA Drilling'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 AKITA Drilling Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:774 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 85.96 -36.23 19.14
2018-06-30 78.40 -34.58 15.00
2018-03-31 79.09 -36.11 14.27
2017-12-31 71.20 -39.18 13.83
2017-09-30 60.90 -17.39 12.92
2017-06-30 52.60 -18.25 13.05
2017-03-31 38.26 -17.82 12.68
2016-12-31 61.06 5.33 12.67
2016-09-30 73.47 -19.54 13.09
2016-06-30 88.87 -22.45 13.69
2016-03-31 107.76 -20.01 14.38
2015-12-31 112.49 -33.97 15.13
2015-09-30 137.28 0.01 16.08
2015-06-30 151.82 11.45 16.52
2015-03-31 157.65 15.15 17.62
2014-12-31 165.27 21.08 18.14
2014-09-30 165.19 23.81 19.19
2014-06-30 161.73 23.49 19.46
2014-03-31 161.69 24.17 19.41
2013-12-31 168.11 26.52 18.84
2013-09-30 176.91 27.22 17.98
2013-06-30 188.39 28.01 18.14
2013-03-31 196.02 27.35 18.31
2012-12-31 203.44 28.76 18.46
2012-09-30 204.68 27.31 17.69
2012-06-30 214.98 29.90 17.38
2012-03-31 210.67 29.31 16.37

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

Health

 How is AKITA Drilling'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 AKITA Drilling's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • AKITA Drilling is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • AKITA Drilling's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of AKITA Drilling'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 not covered by short term assets, assets are 0.7x 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 AKITA Drilling Company Filings, last reported 4 months ago.

BST:774 Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 280.14 75.21 12.26
2018-06-30 166.49 0.00 7.10
2018-03-31 170.90 6.50 4.95
2017-12-31 174.46 0.00 0.56
2017-09-30 201.97 0.00 4.68
2017-06-30 207.29 0.00 7.61
2017-03-31 213.21 0.00 10.50
2016-12-31 219.65 0.00 14.25
2016-09-30 225.35 0.00 18.42
2016-06-30 231.46 0.00 22.57
2016-03-31 236.91 0.00 22.03
2015-12-31 220.20 0.00 9.37
2015-09-30 250.60 0.00 4.80
2015-06-30 259.62 2.50 4.73
2015-03-31 262.62 19.81 1.35
2014-12-31 259.84 20.00 2.01
2014-09-30 256.65 0.00 2.93
2014-06-30 254.16 0.00 4.99
2014-03-31 253.55 0.00 5.64
2013-12-31 245.29 0.00 19.00
2013-09-30 238.82 0.00 22.20
2013-06-30 236.60 0.00 27.62
2013-03-31 235.24 0.00 8.43
2012-12-31 223.70 0.00 11.00
2012-09-30 216.87 0.00 16.12
2012-06-30 214.34 0.00 32.68
2012-03-31 213.82 0.00 18.20
  • AKITA Drilling's level of debt (26.8%) 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 26.8% today).
  • Debt is not well covered by operating cash flow (3.4%, less than 20% of total debt).
  • AKITA Drilling is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess AKITA Drilling'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. AKITA Drilling has a total score of 2/6, 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.

Dividends

 What is AKITA Drilling'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
8.83%
Current annual income from AKITA Drilling dividends. Estimated to be 8.83% next year.
If you bought €2,000 of AKITA Drilling shares you are expected to receive €177 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?
  • AKITA Drilling's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.53%).
  • AKITA Drilling's dividend is above the markets top 25% of dividend payers in Germany (3.96%).
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
BST:774 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 1 Analyst Estimates (S&P Global) See Below
Europe Energy Services Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 3.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 332 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BST:774 Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.34 1.00
2019-12-31 0.34 1.00
2018-12-31 0.34 1.00
BST:774 Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2018-11-09 0.340 8.814
2018-08-23 0.340 6.507
2018-05-09 0.340 5.897
2018-03-08 0.340 4.759
2017-11-10 0.340 4.624
2017-08-24 0.340 4.791
2017-05-09 0.340 4.649
2017-03-06 0.340 4.049
2016-11-11 0.340 3.985
2016-08-30 0.340 4.269
2016-05-10 0.340 4.189
2016-03-03 0.340 4.552
2015-11-16 0.340 5.053
2015-07-29 0.340 3.900
2015-05-12 0.340 3.540
2015-03-04 0.340 3.255
2014-11-14 0.340 3.049
2014-07-10 0.340 2.278
2014-05-15 0.340 2.040
2014-03-05 0.340 2.036
2013-11-13 0.320 2.096
2013-07-31 0.320 2.188
2013-05-16 0.320 2.568
2013-03-06 0.320 2.817
2012-11-08 0.280 2.645
2012-08-30 0.280 2.550
2012-05-07 0.280 2.807
2012-03-13 0.280 2.750
2011-11-08 0.280 2.791
2011-08-31 0.280 2.800
2011-05-09 0.280 2.461
2011-03-18 0.280 2.516
2010-11-08 0.280 2.947
2010-09-24 0.280 3.150
2010-05-11 0.280 3.596
2010-03-24 0.280 2.972
2009-11-03 0.280 2.895
2009-09-17 0.280 2.951
2009-05-05 0.280 3.640
2009-03-18 0.280 3.676
2009-02-20 0.280 4.758

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of AKITA Drilling's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • The company is expected to pay a dividend in 3 years whilst incurring a loss, therefore the dividend is not expected to be well covered.
X
Income/ dividend checks
We assess AKITA Drilling's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 AKITA Drilling afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. AKITA Drilling has a total score of 4/6, see the detailed checks below.


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

Management

 What is the CEO of AKITA Drilling'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
Karl Ruud
COMPENSATION CA$1,048,918
AGE 64
TENURE AS CEO 9.6 years
CEO Bio

Mr. Karl A. Ruud has been Chief Executive Officer and President at Akita Drilling Ltd. since July 2009. Mr. Ruud served as Chief Operating Officer of AKITA Drilling Ltd. from March 2001 to June 2009. He has extensive 36 years drilling experience in Canada and internationally. He served as Executive Vice President of AKITA Drilling Ltd. from May 2002 to June 2009 and served as its Vice President of Operations from January 1993 to February 2001. He has a broad range of experience in all aspects of AKITA's business. His leadership is recognized throughout the industry. Mr. Ruud has served as President of the Canadian Association of Oilwell Drilling Contractors (CAODC) on two different occasions. He serves as a Director of the CAODC. He has been a Director of AKITA Drilling Ltd. since May 2010. Mr. Ruud holds a Bachelor's Degree in Commerce from the University of Alberta in 1976.

CEO Compensation
  • Karl's compensation has increased whilst company is loss making.
  • Karl's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the AKITA Drilling management team in years:

8.1
Average Tenure
51
Average Age
  • The average tenure for the AKITA Drilling management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Karl Ruud

TITLE
CEO, President & Director
COMPENSATION
CA$1M
AGE
64
TENURE
9.6 yrs

Darcy Reynolds

TITLE
CFO & VP of Finance
COMPENSATION
CA$246K
AGE
42
TENURE
1.9 yrs

Fred Hensel

TITLE
Vice President of Marketing
COMPENSATION
CA$299K
AGE
57
TENURE
9.8 yrs

Ray Coleman

TITLE
Senior Vice President
COMPENSATION
CA$427K
AGE
51
TENURE
3.3 yrs

Colin Dease

TITLE
Corporate Secretary
COMPENSATION
CA$245K
AGE
43
TENURE
8.3 yrs

Lorne Thompson

TITLE
Vice President of Technical Operations
COMPENSATION
CA$364K
AGE
48
TENURE
6.3 yrs

Craig Kushner

TITLE
Director of Human Resources
COMPENSATION
CA$343K
AGE
60
TENURE
8.1 yrs
Board of Directors Tenure

Average tenure and age of the AKITA Drilling board of directors in years:

12.8
Average Tenure
64
Average Age
  • The average tenure for the AKITA Drilling board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Linda Southern-Heathcott

TITLE
Chairman of the Board
COMPENSATION
CA$101K
AGE
55
TENURE
12.8 yrs

Karl Ruud

TITLE
CEO, President & Director
COMPENSATION
CA$1M
AGE
64
TENURE
8.8 yrs

Nancy Southern

TITLE
Deputy Chairman of the Board
COMPENSATION
CA$38K
AGE
61

Charles Wilson

TITLE
Independent Director
COMPENSATION
CA$49K
AGE
78
TENURE
16.5 yrs

Loraine Charlton

TITLE
Independent Director
COMPENSATION
CA$67K
AGE
61
TENURE
12.8 yrs

Harish Mohan

TITLE
Independent Director
COMPENSATION
CA$62K
AGE
65
TENURE
7.5 yrs

Dale Richardson

TITLE
Director
COMPENSATION
CA$46K
AGE
74
TENURE
25.3 yrs

C. Spitznagel

TITLE
Director
COMPENSATION
CA$43K
AGE
61
TENURE
25.3 yrs

Harry Wilmot

TITLE
Independent Director
COMPENSATION
CA$50K
AGE
65
TENURE
4.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
23. Oct 18 Buy Estate Of Ronald D. Southern Company 09. Sep 16 09. Sep 16 31,134 €5.48 €170,558
X
Management checks
We assess AKITA Drilling'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. AKITA Drilling 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.

News

Simply Wall St News

Company Info

Map
Description

AKITA Drilling Ltd. provides contract drilling services to independent and multinational oil and gas companies, and potash producers in Canada and the United States. The company specializes in purpose-built drilling rigs, including self-moving pad rigs; and directional, horizontal, and under balanced drilling, as well as provides conventional and specialized drilling services. It is also involved in other forms of drilling related to potash mining; and the development of storage caverns. As of December 31, 2017, it owned and operated 28 drilling rigs, including 15 in Alberta, 6 in British Columbia, and 6 in Saskatchewan, as well as 1 in Odessa, Texas. The company was founded in 1964 and is headquartered in Calgary, Canada.

Details
Name: AKITA Drilling Ltd.
774
Exchange: BST
Founded: 1964
CA$101,784,222
39,608,191
Website: http://www.akita-drilling.com
Address: AKITA Drilling Ltd.
1000, 333 - 7th Avenue SW,
Calgary,
Alberta, T2P 2Z1,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX AKT.A Class A Non-Voting Common Shares The Toronto Stock Exchange CA CAD 08. Jan 1993
OTCPK AKTA.F Class A Non-Voting Common Shares Pink Sheets LLC US USD 08. Jan 1993
BST 774 Class A Non-Voting Common Shares Boerse-Stuttgart DE EUR 08. Jan 1993
TSX AKT.B Class B Common Shares The Toronto Stock Exchange CA CAD 08. Jan 1993
Number of employees
Current staff
Staff numbers
644
AKITA Drilling employees.
Industry
Oil and Gas Drilling
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/19 00:08
End of day share price update: 2019/02/18 00:00
Last estimates confirmation: 2019/02/05
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.