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Canacol Energy

DB:3B6A
Snowflake Description

Reasonable growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
3B6A
DB
CA$765M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Canacol Energy Ltd. primarily explores for, develops, and produces petroleum and natural gas in Colombia. The last earnings update was 27 days ago. More info.


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3B6A Share Price and Events
7 Day Returns
-2%
DB:3B6A
1.6%
DE Oil and Gas
2.3%
DE Market
1 Year Returns
1%
DB:3B6A
16.2%
DE Oil and Gas
-7.2%
DE Market
3B6A Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Canacol Energy (3B6A) -2% -5.4% -0% 1% 10.6% -45.7%
DE Oil and Gas 1.6% 1.6% 9.5% 16.2% 3.1% 49.4%
DE Market 2.3% 3.1% 8.8% -7.2% 9.3% 12.3%
1 Year Return vs Industry and Market
  • 3B6A underperformed the Oil and Gas industry which returned 16.2% over the past year.
  • 3B6A outperformed the Market in Germany which returned -7.2% over the past year.
Price Volatility
3B6A
Industry
5yr Volatility vs Market

3B6A Value

 Is Canacol Energy 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 Canacol Energy 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 Canacol Energy.

DB:3B6A 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 7.8%
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 DB:3B6A
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.952 (1 + (1- 26.5%) (62.97%))
1.263
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.26
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.263 * 5.96%)
7.76%

Discounted Cash Flow Calculation for DB:3B6A using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Canacol Energy 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.

DB:3B6A DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.76%)
2019 25.17 Analyst x2 23.36
2020 99.41 Analyst x1 85.61
2021 164.76 Est @ 65.74% 131.68
2022 240.69 Est @ 46.09% 178.53
2023 318.50 Est @ 32.33% 219.24
2024 390.80 Est @ 22.7% 249.65
2025 453.16 Est @ 15.96% 268.65
2026 504.09 Est @ 11.24% 277.34
2027 544.09 Est @ 7.94% 277.80
2028 574.69 Est @ 5.62% 272.30
Present value of next 10 years cash flows $1,984.16
DB:3B6A DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $574.69 × (1 + 0.23%) ÷ (7.76% – 0.23%)
$7,652.32
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $7,652.32 ÷ (1 + 7.76%)10
$3,625.88
DB:3B6A Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,984.16 + $3,625.88
$5,610.04
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $5,610.04 / 177.40
$47.9
DB:3B6A Discount to Share Price
Calculation Result
Exchange Rate USD/CAD
(Reporting currency to currency of TSX:CNE)
1.333
Value per Share
(CAD)
= Value per Share in USD x Exchange Rate (USD/CAD)
= $31.62 x 1.333
CA$42.16
Non-primary Listing Adjustment Factor 1 share in DB:3B6A represents 0.66023x of TSX:CNE
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.66023x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 42.16 x 0.66023
€27.84
Value per share (EUR) From above. €27.84
Current discount Discount to share price of €2.84
= -1 x (€2.84 - €27.84) / €27.84
89.8%

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

Current Discount
Amount off the current price Canacol Energy is available for.
Intrinsic value
>50%
Share price is €2.84 vs Future cash flow value of €27.84
Current Discount Checks
For Canacol Energy to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Canacol Energy's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Canacol Energy'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 Canacol Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Canacol Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:3B6A PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $-0.12
TSX:CNE Share Price ** TSX (2019-04-17) in CAD CA$4.3
TSX:CNE Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.75 $3.23
Germany Oil and Gas Industry PE Ratio Median Figure of 5 Publicly-Listed Oil and Gas Companies 17.17x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.43x

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

** Primary Listing of Canacol Energy.

DB:3B6A PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:CNE Share Price ÷ EPS (both in USD)

= 3.23 ÷ -0.12

-26.17x

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

  • Canacol Energy is loss making, we can't compare its value to the DE Oil and Gas industry average.
  • Canacol Energy is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Canacol Energy's expected growth come at a high price?
Raw Data
DB:3B6A PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -26.17x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
120.8%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 57 Publicly-Listed Oil and Gas Companies 0.85x
Germany Market PEG Ratio Median Figure of 272 Publicly-Listed Companies 1.56x

*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 Canacol Energy, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Canacol Energy's assets?
Raw Data
DB:3B6A PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $1.16
TSX:CNE Share Price * TSX (2019-04-17) in CAD CA$4.3
TSX:CNE Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.75 $3.23
Germany Oil and Gas Industry PB Ratio Median Figure of 7 Publicly-Listed Oil and Gas Companies 0.96x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.87x
DB:3B6A PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:CNE Share Price ÷ Book Value per Share (both in USD)

= 3.23 ÷ 1.16

2.79x

* Primary Listing of Canacol Energy.

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

  • Canacol Energy is overvalued based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Canacol Energy'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 Oil and Gas 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 Oil and Gas industry average (and greater than 0)? (1 check)
  5. Canacol Energy has a total score of 2/6, 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.

3B6A Future Performance

 How is Canacol Energy 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
120.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Canacol Energy expected to grow at an attractive rate?
  • Canacol Energy's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Canacol Energy's earnings growth is expected to exceed the Germany market average.
  • Canacol Energy's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:3B6A Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:3B6A Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 120.8%
DB:3B6A Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 20%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 8.1%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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
DB:3B6A Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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.
DB:3B6A Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 384 1
2020-12-31 383 180 82 3
2019-12-31 314 153 26 2
DB:3B6A Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 222 94 -22
2018-09-30 210 102 -156
2018-06-30 189 76 -170
2018-03-31 169 68 -132
2017-12-31 159 65 -148
2017-09-30 159 71 23
2017-06-30 165 81 16
2017-03-31 167 84 15
2016-12-31 148 74 24
2016-09-30 123 48 -81
2016-06-30 101 40 -92
2016-03-31 89 16 -162

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Canacol Energy's earnings are expected to grow significantly at over 20% yearly.
  • Canacol Energy's revenue is expected to grow by 20% 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
DB:3B6A Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Canacol Energy Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:3B6A Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31 0.66 0.66 0.66 1.00
2019-12-31 0.45 0.51 0.40 3.00
DB:3B6A Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 -0.12
2018-09-30 -0.88
2018-06-30 -0.96
2018-03-31 -0.75
2017-12-31 -0.85
2017-09-30 0.13
2017-06-30 0.09
2017-03-31 0.09
2016-12-31 0.14
2016-09-30 -0.50
2016-06-30 -0.61
2016-03-31 -1.15

*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.
  • Canacol Energy is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Canacol Energy'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.
Canacol Energy has a total score of 4/6, 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.

3B6A Past Performance

  How has Canacol Energy 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 Canacol Energy's growth in the last year to its industry (Oil and Gas).
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.
  • Canacol Energy does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Canacol Energy's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Canacol Energy's 1-year growth to the Europe Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Canacol Energy'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 Canacol Energy Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:3B6A Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 222.41 -21.84 36.60
2018-09-30 210.18 -155.91 37.40
2018-06-30 189.00 -169.56 35.93
2018-03-31 169.08 -131.81 35.43
2017-12-31 158.91 -148.03 37.80
2017-09-30 158.78 22.65 37.72
2017-06-30 165.23 15.77 38.99
2017-03-31 166.87 15.24 37.35
2016-12-31 147.99 23.65 32.21
2016-09-30 123.42 -81.16 33.17
2016-06-30 100.99 -91.79 31.23
2016-03-31 89.36 -161.55 31.67
2015-12-31 93.09 -177.65 30.51
2015-09-30 112.09 -139.16 28.73
2015-06-30 149.05 -106.02 29.34
2015-03-31 183.49 -49.57 40.14
2014-12-31 212.72 -14.49 41.68
2014-09-30 218.48 21.07 41.28
2014-06-30 207.79 9.94 39.85
2014-03-31 185.00 -107.04 33.86
2013-12-31 163.95 -129.90 33.21
2013-09-30 147.98 -117.67 30.48
2013-06-30 141.35 -127.81 30.75
2013-03-31 148.10 -4.93 28.51
2012-12-31 162.13 2.16 26.41
2012-09-30 191.17 -2.09 25.92
2012-06-30 184.90 18.56 25.04

*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 Canacol Energy has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Canacol Energy used its assets less efficiently than the DE Oil and Gas industry average last year based on Return on Assets.
  • It is difficult to establish if Canacol Energy 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 Canacol Energy'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 Oil and Gas 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.
Canacol Energy 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.

3B6A Health

 How is Canacol Energy'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 Canacol Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Canacol Energy is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Canacol Energy's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Canacol Energy'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 0.3x 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 Canacol Energy Company Filings, last reported 3 months ago.

DB:3B6A Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 205.44 361.16 53.10
2018-09-30 221.69 354.89 58.47
2018-06-30 227.66 356.50 55.23
2018-03-31 251.51 343.63 72.07
2017-12-31 239.14 330.45 55.71
2017-09-30 388.67 324.05 39.25
2017-06-30 385.61 304.70 38.09
2017-03-31 371.82 286.26 44.78
2016-12-31 376.39 283.40 68.98
2016-09-30 351.47 250.04 64.80
2016-06-30 320.20 249.44 28.04
2016-03-31 304.99 248.85 33.02
2015-12-31 303.29 248.23 46.06
2015-09-30 350.82 247.64 51.24
2015-06-30 341.64 267.02 48.47
2015-03-31 382.80 251.08 47.14
2014-12-31 372.32 266.47 127.20
2014-09-30 416.78 235.17 140.84
2014-06-30 400.29 236.08 168.98
2014-03-31 276.76 159.92 35.70
2013-12-31 233.77 159.55 56.47
2013-09-30 243.21 159.60 61.62
2013-06-30 239.30 156.41 52.29
2013-03-31 361.49 113.62 11.12
2012-12-31 359.59 123.81 33.25
2012-09-30 286.95 68.23 31.09
2012-06-30 291.09 53.37 30.79
  • Canacol Energy's level of debt (175.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (68.1% vs 175.8% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Canacol Energy has sufficient cash runway for more than 3 years based on current free cash flow.
  • Canacol Energy has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of -22.9% each year.
X
Financial health checks
We assess Canacol Energy'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. Canacol Energy has a total score of 3/6, 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.

3B6A Dividends

 What is Canacol Energy'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
0%
Current annual income from Canacol Energy dividends. Estimated to be 2.92% next year.
If you bought €2,000 of Canacol Energy shares you are expected to receive €0 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?
  • Unable to evaluate Canacol Energy's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Canacol Energy's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
DB:3B6A 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 Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 61 Stocks 5.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

DB:3B6A Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.14 2.00
2020-12-31 0.14 2.00
2019-12-31 0.00 2.00

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

  • Unable to perform a dividend volatility check as Canacol Energy has not reported any payouts.
  • Unable to verify if Canacol Energy's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Canacol Energy's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Canacol Energy has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.4x coverage).
X
Income/ dividend checks
We assess Canacol Energy'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 Canacol Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Canacol Energy has a total score of 1/6, see the detailed checks below.


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

3B6A Management

 What is the CEO of Canacol Energy'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
Charle Gamba
COMPENSATION $1,769,833
AGE 54
TENURE AS CEO 10.5 years
CEO Bio

Dr. Charle A. Gamba, B.Sc., MSc., Ph.D. has been the Chief Executive Officer and President of Canacol Energy Ltd since October 30, 2008. Dr. Gamba founded Canacol Energy Ltd. in 2008. He served a variety of technical and management roles with major and mid-sized international oil companies, with the majority of his professional career focused on E&P in South America. He is a Senior Executive with almost 20 years working experience in the USA and international upstream oil and gas industry. He has expert knowledge of the California producing basins and a proven record of discovery and commercial development of both light and heavy oils and in business development. He has considerable expertise in the establishment and growth of public oil and gas companies listed on Canadian stock exchanges. Dr. Gamba served as a Vice President of Exploration at Occidental Oil & Gas Company from 2004 to 2006. In his 7 years with Occidental, he worked in Ecuador, Qatar, Colombia and the United States in a variety of technical management roles. He worked for Alberta Energy Company in Argentina and Ecuador from 1998 to 2001 and for Occidental Petroleum-Canada in Indonesia, Australia and Canada from 1996 to 1998. He started his Professional career as a Geologist with Imperial Oil in Calgary in 1994. He has been an Independent Director of Ikkuma Resources Corp. since May 22, 2014. He has been a Director of Panterra Resource Corp. since May 2014, Canacol Energy Ltd since October 30, 2008 and Gallic Energy Ltd. since October 05, 2010. He served as Independent Non-Executive Director of Solimar Energy Limited from September 12, 2011 to December 2014 and Petro-Victory Energy Corp. since May 20, 2014 until June 10, 2016. Dr. Gamba serves as a Director of Miramar Hydrocarbons Ltd., Horizon Petroleum Ltd. and Carrao Energy Ltd. Dr. Gamba holds B.Sc., MSc., and Ph.D. in Geology.

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

Average tenure and age of the Canacol Energy management team in years:

8.1
Average Tenure
54
Average Age
  • The average tenure for the Canacol Energy management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Charle Gamba

TITLE
President
COMPENSATION
$2M
AGE
54
TENURE
10.5 yrs

Jason Bednar

TITLE
Chief Financial Officer
COMPENSATION
$1M
AGE
47
TENURE
3.8 yrs

Ravi Sharma

TITLE
Chief Operating Officer
COMPENSATION
$1M
TENURE
3.5 yrs

Anthony Zaidi

TITLE
VP of Business Development
COMPENSATION
$1M
TENURE
7.4 yrs

Luis Baena

TITLE
Executive Vice President of Business Development
COMPENSATION
$1M
AGE
57
TENURE
10.2 yrs

Kevin Flick

TITLE
Vice President of Capital Markets & Investor Relations
COMPENSATION
$753K
TENURE
8.8 yrs

Mark Teare

TITLE
Senior Vice President of Exploration
COMPENSATION
$761K
TENURE
10.3 yrs

Carolina Orozco

TITLE
Director of Investor Relations

Thomas Lutz

TITLE
President of Canacol Energy Colombia
TENURE
2.6 yrs
Board of Directors Tenure

Average tenure and age of the Canacol Energy board of directors in years:

6.3
Average Tenure
60.5
Average Age
  • The tenure for the Canacol Energy board of directors is about average.
Board of Directors

Mike Hibberd

TITLE
Chairman of the Board
COMPENSATION
$221K
AGE
63
TENURE
10.2 yrs

Charle Gamba

TITLE
President
COMPENSATION
$2M
AGE
54
TENURE
10.5 yrs

David Winter

TITLE
Independent Director
COMPENSATION
$146K
AGE
61
TENURE
10.2 yrs

Oswaldo Cisneros

TITLE
Independent Director
COMPENSATION
$129K
AGE
77
TENURE
3.5 yrs

Gonzalo Fernández-Tinoco

TITLE
Independent Director
COMPENSATION
$8K
AGE
55
TENURE
0.4 yrs

Alvaro Barrera

TITLE
Member of Advisory Board
COMPENSATION
$100K
AGE
86

Greg Elliott

TITLE
Independent Director
COMPENSATION
$133K
AGE
60
TENURE
6.3 yrs

Francisco Salazar

TITLE
Independent Director
COMPENSATION
$138K
AGE
56
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 (€)
30. Nov 18 Buy Kevin Flick Individual 29. Nov 18 29. Nov 18 5,000 €2.65 €13,270
05. Nov 18 Buy Kevin Flick Individual 02. Nov 18 02. Nov 18 24,600 €2.46 €60,504
12. Jul 18 Buy Gregory Elliott Individual 10. Jul 18 11. Jul 18 50,000 €2.83 €140,205
10. Jul 18 Buy Gregory Elliott Individual 09. Jul 18 09. Jul 18 50,000 €2.79 €139,597
X
Management checks
We assess Canacol Energy'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. Canacol Energy 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.

3B6A News

Simply Wall St News

3B6A Company Info

Description

Canacol Energy Ltd. primarily explores for, develops, and produces petroleum and natural gas in Colombia. As of December 31, 2018, it has a total proved plus probable reserves of 98,050 one thousand barrels of oil equivalent. The company is headquartered in Calgary, Canada.

Details
Name: Canacol Energy Ltd
3B6A
Exchange: DB
Founded:
CA$507,493,102
177,401,481
Website: http://www.canacolenergy.com
Address: Canacol Energy Ltd
2650, 585 - 8th Avenue SW,
Calgary,
Alberta, T2P 1G1,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX CNE Common Shares The Toronto Stock Exchange CA CAD 26. Apr 1989
OTCPK CNNE.F Common Shares Pink Sheets LLC US USD 26. Apr 1989
DB 3B6A Common Shares Deutsche Boerse AG DE EUR 26. Apr 1989
BVC CNEC Common Shares Bolsa de Valores de Colombia CO COP 26. Apr 1989
Number of employees
Current staff
Staff numbers
212
Canacol Energy employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/17 21:47
End of day share price update: 2019/04/17 00:00
Last estimates confirmation: 2019/04/10
Last earnings filing: 2019/03/21
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.