Capital Drilling Limited, together with its subsidiaries, provides various drilling solutions to customers in the minerals industry.
Flawless balance sheet with proven track record.
Share Price & News
How has Capital Drilling's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: C8D's share price has been volatile over the past 3 months.
7 Day Return
DE Energy Services
1 Year Return
DE Energy Services
Return vs Industry: C8D exceeded the German Energy Services industry which returned -48.7% over the past year.
Return vs Market: C8D exceeded the German Market which returned 0.3% over the past year.
Price Volatility Vs. Market
How volatile is Capital Drilling's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Capital Drilling undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: C8D (€0.62) is trading below our estimate of fair value (€0.69)
Significantly Below Fair Value: C8D is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: C8D is good value based on its PE Ratio (9.7x) compared to the Energy Services industry average (10.2x).
PE vs Market: C8D is good value based on its PE Ratio (9.7x) compared to the German market (18.5x).
Price to Earnings Growth Ratio
PEG Ratio: C8D is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: C8D is overvalued based on its PB Ratio (1.2x) compared to the XE Energy Services industry average (0.4x).
How is Capital Drilling forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: C8D's forecast earnings growth (9% per year) is above the savings rate (0.2%).
Earnings vs Market: C8D's earnings (9% per year) are forecast to grow slower than the German market (21.6% per year).
High Growth Earnings: C8D's earnings are forecast to grow, but not significantly.
Revenue vs Market: C8D's revenue (4.2% per year) is forecast to grow slower than the German market (5.7% per year).
High Growth Revenue: C8D's revenue (4.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: C8D's Return on Equity is forecast to be low in 3 years time (13%).
How has Capital Drilling performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: C8D has high quality earnings.
Growing Profit Margin: C8D's current net profit margins (9.1%) are higher than last year (6.7%).
Past Earnings Growth Analysis
Earnings Trend: C8D has become profitable over the past 5 years, growing earnings by 63.9% per year.
Accelerating Growth: C8D's earnings growth over the past year (34.9%) is below its 5-year average (63.9% per year).
Earnings vs Industry: C8D earnings growth over the past year (34.9%) exceeded the Energy Services industry 8%.
Return on Equity
High ROE: C8D's Return on Equity (11.9%) is considered low.
How is Capital Drilling's financial position?
Financial Position Analysis
Short Term Liabilities: C8D's short term assets ($73.2M) exceed its short term liabilities ($38.1M).
Long Term Liabilities: C8D's short term assets ($73.2M) exceed its long term liabilities ($3.3M).
Debt to Equity History and Analysis
Debt Level: C8D's debt to equity ratio (15.2%) is considered satisfactory.
Reducing Debt: C8D's debt to equity ratio has reduced from 16.6% to 15.2% over the past 5 years.
Debt Coverage: C8D's debt is well covered by operating cash flow (187%).
Interest Coverage: C8D's interest payments on its debt are well covered by EBIT (23.4x coverage).
What is Capital Drilling's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: C8D's dividend (1.89%) is higher than the bottom 25% of dividend payers in the German market (1.3%).
High Dividend: C8D's dividend (1.89%) is low compared to the top 25% of dividend payers in the German market (3.94%).
Stability and Growth of Payments
Stable Dividend: C8D has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: C8D has only been paying a dividend for 5 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (18.3%), C8D's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: C8D's dividends in 3 years are forecast to be well covered by earnings (29.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jamie Boyton (47yo)
Mr. Jamie Phillip Boyton serves as Executive Chairman and Chief Executive Officer at Capital Drilling Limited and serves as it Director since January 1, 2009. Mr. Boyton is Co-Owner of BPM Capital Limited. ...
CEO Compensation Analysis
Compensation vs Market: Jamie's total compensation ($USD570.00K) is above average for companies of similar size in the German market ($USD417.67K).
Compensation vs Earnings: Jamie's compensation has been consistent with company performance over the past year.
|Executive Chairman & CEO||no data||US$570.00k||15.33% $14.1m|
|CFO & Company Secretary||2.42yrs||no data||no data|
|Chief Operating Officer||1.17yrs||no data||no data|
|Executive of Corporate Development||0.33yr||no data||no data|
|Chief Development Officer of Mining||0.33yr||no data||no data|
|Executive of Commercial||no data||US$120.00k||no data|
|Executive of Asset Management||2.33yrs||no data||no data|
Experienced Management: C8D's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.
|Executive Chairman & CEO||no data||US$570.00k||15.33% $14.1m|
|Independent Non-Executive Director||10yrs||US$72.00k||no data|
|Independent Non-Executive Director||1.75yrs||US$72.00k||0.061% $56.0k|
Experienced Board: C8D's board of directors are seasoned and experienced ( 10 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 not been meaningfully diluted in the past year.
Capital Drilling Limited's company bio, employee growth, exchange listings and data sources
- Name: Capital Drilling Limited
- Ticker: C8D
- Exchange: BST
- Founded: 2004
- Industry: Oil and Gas Drilling
- Sector: Energy
- Market Cap: UK£82.873m
- Listing Market Cap: UK£92.007m
- Shares outstanding: 136.98m
- Website: https://www.capdrill.com
Number of Employees
- Capital Drilling Limited
- The CORE Building
- 9th Floor
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CAPD||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||GBP||Jun 2010|
|C8D||BST (Boerse-Stuttgart)||Yes||Ordinary Shares||DE||EUR||Jun 2010|
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. As of December 31, 2019, the company has a fleet of 95 rings, including 33 diamond core rigs, 4 air core rigs, 21 reverse circulation/grade control rigs, 29 blast hole rigs, and 8 underground rigs. It has operations in Africa, Eastern Europe, Asia, and Latin America. The company was founded in 2004 and is headquartered in Ébène, Mauritius.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/29 23:15|
|End of Day Share Price||2020/05/29 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.