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Capital Drilling

BST:C8D
Snowflake Description

Flawless balance sheet and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
C8D
BST
£68M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Capital Drilling Limited, together with its subsidiaries, provides various drilling solutions to customers in the minerals industry. The last earnings update was 46 days ago. More info.


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C8D Share Price and Events
7 Day Returns
2.8%
BST:C8D
3.6%
Europe Energy Services
-0.2%
DE Market
1 Year Returns
20.9%
BST:C8D
-25.4%
Europe Energy Services
-10.3%
DE Market
C8D Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Capital Drilling (C8D) 2.8% -3.2% 22% 20.9% 23.1% 67.2%
Europe Energy Services 3.6% -5% 0.6% -25.4% -25% -83.7%
DE Market -0.2% -2.4% 4% -10.3% 11.2% 10.8%
1 Year Return vs Industry and Market
  • C8D outperformed the Energy Services industry which returned -25.4% over the past year.
  • C8D outperformed the Market in Germany which returned -10.3% over the past year.
Price Volatility
C8D
Industry
5yr Volatility vs Market

Value

 Is Capital 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 Capital 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 Capital Drilling.

BST:C8D Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.6%
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:C8D
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Energy Services Unlevered Beta Simply Wall St/ S&P Global 1.01
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.013 (1 + (1- 15%) (10.41%))
1.069
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.07
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.069 * 5.96%)
6.6%

Discounted Cash Flow Calculation for BST:C8D using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Capital Drilling is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BST:C8D DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.6%)
2019 13.90 Analyst x1 13.04
2020 17.13 Est @ 23.27% 15.08
2021 19.94 Est @ 16.36% 16.46
2022 22.23 Est @ 11.52% 17.22
2023 24.04 Est @ 8.13% 17.47
2024 25.43 Est @ 5.76% 17.33
2025 26.47 Est @ 4.1% 16.92
2026 27.25 Est @ 2.94% 16.34
2027 27.82 Est @ 2.13% 15.65
2028 28.26 Est @ 1.56% 14.91
Present value of next 10 years cash flows $160.42
BST:C8D DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $28.26 × (1 + 0.23%) ÷ (6.6% – 0.23%)
$444.52
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $444.52 ÷ (1 + 6.6%)10
$234.61
BST:C8D Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $160.42 + $234.61
$395.03
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $395.03 / 136.25
$2.68
BST:C8D Discount to Share Price
Calculation Result
Exchange Rate USD/GBP
(Reporting currency to currency of LSE:CAPD)
0.785
Value per Share
(GBP)
= Value per Share in USD x Exchange Rate (USD/GBP)
= $2.9 x 0.785
£2.28
Value per share (EUR) From above. €2.47
Current discount Discount to share price of €0.54
= -1 x (€0.54 - €2.47) / €2.47
78%

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

Current Discount
Amount off the current price Capital Drilling is available for.
Intrinsic value
>50%
Share price is €0.54 vs Future cash flow value of €2.47
Current Discount Checks
For Capital Drilling to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Capital Drilling's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Capital Drilling's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Capital Drilling's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Capital Drilling's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:C8D PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.06
LSE:CAPD Share Price ** LSE (2019-05-20) in GBP £0.5
LSE:CAPD Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.273 $0.64
Europe Energy Services Industry PE Ratio Median Figure of 27 Publicly-Listed Energy Services Companies 21.98x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 20.17x

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

** Primary Listing of Capital Drilling.

BST:C8D PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:CAPD Share Price ÷ EPS (both in USD)

= 0.64 ÷ 0.06

11.18x

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

  • Capital Drilling is good value based on earnings compared to the Europe Energy Services industry average.
  • Capital Drilling is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Capital Drilling's expected growth come at a high price?
Raw Data
BST:C8D PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.18x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
12.3%per year
Europe Energy Services Industry PEG Ratio Median Figure of 21 Publicly-Listed Energy Services Companies 1.08x
Germany Market PEG Ratio Median Figure of 273 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

BST:C8D PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.18x ÷ 12.3%

0.91x

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

  • Capital Drilling is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Capital Drilling's assets?
Raw Data
BST:C8D PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $0.56
LSE:CAPD Share Price * LSE (2019-05-20) in GBP £0.5
LSE:CAPD Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.273 $0.64
Europe Energy Services Industry PB Ratio Median Figure of 62 Publicly-Listed Energy Services Companies 0.95x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.78x
BST:C8D PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:CAPD Share Price ÷ Book Value per Share (both in USD)

= 0.64 ÷ 0.56

1.14x

* Primary Listing of Capital Drilling.

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

  • Capital Drilling is overvalued based on assets compared to the Europe Energy Services industry average.
X
Value checks
We assess Capital 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. Capital Drilling has a total score of 5/6, 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 Capital Drilling expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

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
12.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Capital Drilling expected to grow at an attractive rate?
  • Capital Drilling's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Capital Drilling's earnings growth is positive but not above the Germany market average.
  • Capital Drilling's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
BST:C8D Future Growth Rates Data Sources
Data Point Source Value (per year)
BST:C8D Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 12.3%
BST:C8D Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 2.8%
Europe Energy Services Industry Earnings Growth Rate Market Cap Weighted Average 31.2%
Europe Energy Services Industry Revenue Growth Rate Market Cap Weighted Average 8.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*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:C8D Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BST:C8D Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 128 26 13 1
2021-12-31 128 24 13 1
2020-12-31 122 28 11 2
2019-12-31 117 25 9 3
BST:C8D Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 116 22 8
2018-09-30 114 19 7
2018-06-30 112 15 5
2018-03-31 116 18 5
2017-12-31 119 21 5
2017-09-30 117 18 2
2017-06-30 114 15 -1
2017-03-31 104 12 -3
2016-12-31 93 10 -5
2016-09-30 87 14 -6
2016-06-30 81 19 -8
2016-03-31 80 20 -9

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Capital Drilling's earnings are expected to grow by 12.3% yearly, however this is not considered high growth (20% yearly).
  • Capital Drilling's revenue is expected to grow by 2.8% yearly, however this is not considered high growth (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:C8D 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 3 Analyst Estimates (S&P Global) See Below

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

BST:C8D Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 0.09 0.09 0.09 1.00
2021-12-31 0.09 0.09 0.09 1.00
2020-12-31 0.08 0.08 0.08 1.00
2019-12-31 0.07 0.07 0.07 1.00
BST:C8D Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.06
2018-09-30 0.05
2018-06-30 0.04
2018-03-31 0.04
2017-12-31 0.04
2017-09-30 0.01
2017-06-30 -0.01
2017-03-31 -0.02
2016-12-31 -0.04
2016-09-30 -0.05
2016-06-30 -0.06
2016-03-31 -0.07

*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 Capital Drilling will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Capital 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.
Capital Drilling has a total score of 1/6, 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 Capital 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 Capital 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.
  • Capital Drilling has delivered over 20% year on year earnings growth in the past 5 years.
  • Capital Drilling's 1-year earnings growth exceeds its 5-year average (48.2% vs 42.8%)
  • Capital Drilling's earnings growth has exceeded the Europe Energy Services industry average in the past year (48.2% vs -25.5%).
Earnings and Revenue History
Capital 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 Capital Drilling Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:C8D Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 116.02 7.72 16.99
2018-09-30 113.81 6.56 17.20
2018-06-30 111.59 5.40 17.41
2018-03-31 115.52 5.31 16.18
2017-12-31 119.45 5.21 14.94
2017-09-30 116.70 1.89 14.31
2017-06-30 113.96 -1.43 13.67
2017-03-31 103.65 -3.14 13.47
2016-12-31 93.34 -4.85 13.27
2016-09-30 87.39 -6.33 12.70
2016-06-30 81.43 -7.81 12.13
2016-03-31 80.05 -8.99 12.21
2015-12-31 78.67 -10.17 12.28
2015-09-30 81.33 -7.85 12.17
2015-06-30 83.98 -5.53 12.06
2015-03-31 91.41 -3.04 12.30
2014-12-31 98.83 -0.56 12.54
2014-09-30 98.10 -1.70 12.60
2014-06-30 97.38 -2.85 12.67
2014-03-31 106.82 -2.36 13.14
2013-12-31 116.27 -1.88 13.61
2013-09-30 134.39 2.81 14.77
2013-06-30 152.51 7.50 15.94
2013-03-31 155.70 10.81 15.90
2012-12-31 158.89 14.11 15.85
2012-09-30 154.48 16.23 14.35
2012-06-30 150.07 18.35 12.86

*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.
  • Capital Drilling has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Capital Drilling used its assets more efficiently than the Europe Energy Services industry average last year based on Return on Assets.
  • Capital Drilling has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Capital 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.
Capital Drilling has a total score of 5/6, 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 Capital 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 Capital Drilling's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Capital Drilling is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Capital Drilling's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Capital 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 covered by short term assets, assets are 7.3x 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 Capital Drilling Company Filings, last reported 4 months ago.

BST:C8D Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 75.73 9.03 25.59
2018-09-30 75.73 9.03 25.59
2018-06-30 70.76 12.03 17.82
2018-03-31 70.76 12.03 17.82
2017-12-31 70.06 12.04 20.15
2017-09-30 70.06 12.04 20.15
2017-06-30 67.96 15.12 20.63
2017-03-31 67.96 15.12 20.63
2016-12-31 66.79 12.10 13.64
2016-09-30 66.79 12.10 13.64
2016-06-30 73.42 7.20 16.14
2016-03-31 73.42 7.20 16.14
2015-12-31 76.67 5.10 13.59
2015-09-30 76.67 5.10 13.59
2015-06-30 85.09 13.07 15.67
2015-03-31 85.09 13.07 15.67
2014-12-31 91.01 15.10 14.93
2014-09-30 91.01 15.10 14.93
2014-06-30 93.25 20.22 11.37
2014-03-31 93.25 20.22 11.37
2013-12-31 91.47 21.35 12.33
2013-09-30 91.47 21.35 12.33
2013-06-30 96.03 21.67 6.69
2013-03-31 96.03 21.67 6.69
2012-12-31 93.24 29.05 9.06
2012-09-30 93.24 29.05 9.06
2012-06-30 88.53 30.52 9.66
  • Capital Drilling's level of debt (11.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (23.3% vs 11.9% today).
  • Debt is well covered by operating cash flow (248.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 29x coverage).
X
Financial health checks
We assess Capital 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. Capital Drilling has a total score of 6/6, 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 Capital 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
3.3%
Current annual income from Capital Drilling dividends. Estimated to be 4.84% next year.
If you bought €2,000 of Capital Drilling shares you are expected to receive €66 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?
  • Capital Drilling's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.45%).
  • Capital Drilling's dividend is below the markets top 25% of dividend payers in Germany (3.81%).
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:C8D 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 3 Analyst Estimates (S&P Global) See Below
Europe Energy Services Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 3.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

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

BST:C8D Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.04 1.00
2021-12-31 0.04 1.00
2020-12-31 0.03 1.00
2019-12-31 0.02 3.00
BST:C8D Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-04-04 0.021 3.286
2019-03-14 0.021 3.127
2018-04-26 0.017 3.194
2017-08-17 0.010 1.899
2017-04-05 0.025 3.968
2017-03-16 0.025 3.704
2016-04-05 0.050 8.695
2016-03-17 0.050 11.498
2015-08-25 0.022 6.282
2015-04-02 0.019 4.730
2015-03-17 0.019 4.958

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

  • Capital Drilling has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Capital Drilling only paid a dividend in the past 4 years.
Current Payout to shareholders
What portion of Capital Drilling's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.3x coverage).
X
Income/ dividend checks
We assess Capital Drilling's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Capital Drilling afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Capital Drilling has a total score of 3/6, 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 Capital 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
Jamie Boyton
COMPENSATION $750,000
AGE 46
CEO Bio

Mr. Jamie Phillip Boyton serves as Executive Chairman and Chief Executive Officer at Capital Drilling Limited. Mr. Boyton served as Non-Executive Director at Stealth Global Holdings Limited until June 30, 2018. Mr. Boyton served as an Interim Chief Executive Officer of Capital Drilling Ltd from November 2012 to November 17, 2014. Mr. Boyton served as the Head of Asian Equity Syndication & Corporate Broking and Executive Director of Macquarie Securities Limited in Hong Kong August 2006 to September 2007. Prior to this, Mr. Boyton served as a Division Director of Macquarie Securities Limited (Hong Kong). He is responsible for overseeing the Company's strategic and business development, which includes advising on capital markets requirements and growth opportunities. Mr. Boyton serves as Executive Chairman of Capital Drilling Ltd and has been its Director since January 1, 2009. He served as a Director of ABN AMRO Asia (Hong Kong) from August 2000 and July 2006. He holds a Bachelor of Commerce in Accounting and Finance from the University of Western Australia.

CEO Compensation
  • Jamie's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Jamie's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

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

1.3
Average Tenure
46
Average Age
  • The average tenure for the Capital Drilling management team is less than 2 years, this suggests a new team.
Management Team

Jamie Boyton

TITLE
Executive Chairman & CEO
COMPENSATION
$750K
AGE
46

Brian Rudd

TITLE
Founder
COMPENSATION
$370K
AGE
54

André Koekemoer

TITLE
CFO & Company Secretary
TENURE
1.4 yrs

Jodie North

TITLE
Chief Operating Officer
TENURE
0.2 yrs

David Payne

TITLE
Executive of Commercial
COMPENSATION
$120K
AGE
46

Tony Woolfe

TITLE
Executive of Asset Management
TENURE
1.3 yrs
Board of Directors Tenure

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

5.2
Average Tenure
55
Average Age
  • The tenure for the Capital Drilling board of directors is about average.
Board of Directors

Jamie Boyton

TITLE
Executive Chairman & CEO
COMPENSATION
$750K
AGE
46

Brian Rudd

TITLE
Founder
COMPENSATION
$370K
AGE
54
TENURE
14 yrs

Alex Davidson

TITLE
Independent Non-Executive Director
COMPENSATION
$72K
AGE
66
TENURE
9 yrs

David Abery

TITLE
Senior Independent Non-Executive Director
COMPENSATION
$20K
AGE
56
TENURE
1.3 yrs

Michael Rawlinson

TITLE
Independent Non-Executive Director
TENURE
0.8 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 (€)
X
Management checks
We assess Capital 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. Capital 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

Description

Capital Drilling Limited, together with its subsidiaries, provides various drilling solutions to customers in the minerals industry. The company offers exploration drilling services, including air core, deep hole diamond, diamond core, directional, reverse circulation, and underground diamond drilling; and grade control drilling services, such as advanced/deep grade control, shallow grade control, reverse circulation, and underground diamond drilling. It also provides technical drilling services comprising de-watering, diamond core, directional, geo-technical, paste holes, resource definition and extension, and reverse circulation; and blast hole drilling services that include pre-splits, down the hole, and rotary top hammer services. In addition, the company offers other services, which comprise downhole survey, core orientation, borehole management, rig alignment, remote mobile communications infrastructure, safety and security monitoring cameras, and data management and reporting services. Further, it provides equipment rental and IT support services. The company has a fleet of 91 rings, including 40 diamond core rigs, 4 air core rigs, 13 reverse circulation/grade control rigs, 27 blast hole rigs, and 7 underground rigs. It has operations in Africa, Eastern Europe, Asia, Latin America, and internationally. The company was founded in 2004 and is headquartered in Ébène, Mauritius.

Details
Name: Capital Drilling Limited
C8D
Exchange: BST
Founded: 2004
£77,634,755
136,248,953
Website: http://www.capdrill.com
Address: Capital Drilling Limited
The CORE Building,
9th Floor,
Ébène,
Mauritius
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE CAPD Ordinary Shares London Stock Exchange GB GBP 07. Jun 2010
BST C8D Ordinary Shares Boerse-Stuttgart DE EUR 07. Jun 2010
Number of employees
Current staff
Staff numbers
0
Capital Drilling employees.
Industry
Oil and Gas Drilling
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 21:44
End of day share price update: 2019/05/20 00:00
Last estimates confirmation: 2019/04/25
Last earnings filing: 2019/04/04
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.