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Ikkuma Resources

DB:PTXI
Snowflake Description

Imperfect balance sheet with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PTXI
DB
CA$52M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Ikkuma Resources Corp., an oil and natural gas company, engages in the exploration and development of oil and gas resources in Western Canada. The last earnings update was 30 days ago. More info.


Add to Portfolio Compare Print
  • Ikkuma Resources has significant price volatility in the past 3 months.
PTXI Share Price and Events
7 Day Returns
-3.2%
DB:PTXI
-0.9%
DE Oil and Gas
-3.3%
DE Market
1 Year Returns
3.9%
DB:PTXI
-26.6%
DE Oil and Gas
-20%
DE Market
PTXI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ikkuma Resources (PTXI) -3.2% -11.8% -23% 3.9% -0.4% -
DE Oil and Gas -0.9% 9.9% -0.4% -26.6% -13% -10%
DE Market -3.3% -4.4% -14.4% -20% -7.2% 0.6%
1 Year Return vs Industry and Market
  • PTXI outperformed the Oil and Gas industry which returned -26.6% over the past year.
  • PTXI outperformed the Market in Germany which returned -20% over the past year.
Price Volatility
PTXI
Industry
5yr Volatility vs Market

Value

 Is Ikkuma Resources 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 Ikkuma Resources 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 Ikkuma Resources.

DB:PTXI 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 10.2%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.5%

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:PTXI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 9.5%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.61
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.607 (1 + (1- 26.5%) (92.17%))
1.017
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.02
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.54% + (1.017 * 9.46%)
10.17%

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

The calculations below outline how an intrinsic value for Ikkuma Resources 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.

DB:PTXI DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (CAD, Millions) 3.49 4.15 4.90 5.73 6.65
Source Est @ 20%, capped from 32.76% Est @ 19%, capped from 32.76% Est @ 18%, capped from 32.76% Est @ 17%, capped from 32.76% Est @ 16%, capped from 32.76%
Present Value
Discounted (@ 10.17%)
3.17 3.42 3.66 3.89 4.10
Present value of next 5 years cash flows CA$18.24
DB:PTXI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= CA$6.65 × (1 + 0.54%) ÷ (10.17% – 0.54%)
CA$69.46
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= CA$69.46 ÷ (1 + 10.17%)5
CA$42.80
DB:PTXI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= CA$18.24 + CA$42.80
CA$61.04
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$61.04 / 109.33
CA$0.3
DB:PTXI Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:PTXI represents 0.536x of TSXV:IKM
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.536x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 0.56 x 0.536
€0.30
Value per share (EUR) From above. €0.30
Current discount Discount to share price of €0.27
= -1 x (€0.27 - €0.30) / €0.30
10.4%

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

Current Discount
Amount off the current price Ikkuma Resources is available for.
Intrinsic value
10%
Share price is €0.268 vs Future cash flow value of €0.29925
Current Discount Checks
For Ikkuma Resources to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Ikkuma Resources's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Ikkuma Resources's share price is below the future cash flow value, but not 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 Ikkuma Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ikkuma Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:PTXI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in CAD CA$-0.50
TSXV:IKM Share Price ** TSXV (2018-12-21) in CAD CA$0.5
Germany Oil and Gas Industry PE Ratio Median Figure of 5 Publicly-Listed Oil and Gas Companies 16.64x
Germany Market PE Ratio Median Figure of 418 Publicly-Listed Companies 16.51x

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

** Primary Listing of Ikkuma Resources.

DB:PTXI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:IKM Share Price ÷ EPS (both in CAD)

= 0.5 ÷ -0.50

-0.99x

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

  • Ikkuma Resources is loss making, we can't compare its value to the DE Oil and Gas industry average.
  • Ikkuma Resources is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Ikkuma Resources's expected growth come at a high price?
Raw Data
DB:PTXI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.99x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
64.7%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 58 Publicly-Listed Oil and Gas Companies 1.09x
Germany Market PEG Ratio Median Figure of 278 Publicly-Listed Companies 1.26x

*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 Ikkuma Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Ikkuma Resources's assets?
Raw Data
DB:PTXI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in CAD CA$0.77
TSXV:IKM Share Price * TSXV (2018-12-21) in CAD CA$0.5
Germany Oil and Gas Industry PB Ratio Median Figure of 7 Publicly-Listed Oil and Gas Companies 0.86x
Germany Market PB Ratio Median Figure of 567 Publicly-Listed Companies 1.69x
DB:PTXI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:IKM Share Price ÷ Book Value per Share (both in CAD)

= 0.5 ÷ 0.77

0.65x

* Primary Listing of Ikkuma Resources.

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

  • Ikkuma Resources is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Ikkuma Resources'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. Ikkuma Resources 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 Ikkuma Resources 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
64.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Ikkuma Resources expected to grow at an attractive rate?
  • Unable to compare Ikkuma Resources's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare Ikkuma Resources's earnings growth to the Germany market average as it is expected to be loss making during the next 1-3 years.
  • Ikkuma Resources's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:PTXI Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:PTXI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 64.7%
DB:PTXI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 26.9%
Germany Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 6.4%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 10.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.3%

*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:PTXI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 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.
DB:PTXI Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2019-12-31 100 -1 -20 1
2018-12-31 89 -0 -23 1
DB:PTXI Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-09-30 65 2 -55
2018-06-30 52 -1 -52
2018-03-31 45 4 -44
2017-12-31 32 2 -36
2017-09-30 35 10 -11
2017-06-30 38 10 -9
2017-03-31 33 10 -18
2016-12-31 30 9 -18
2016-09-30 30 9 -26
2016-06-30 32 13 -27
2016-03-31 37 13 -21
2015-12-31 39 14 -29

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Ikkuma Resources is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • Ikkuma Resources'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
DB:PTXI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Ikkuma Resources Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PTXI Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2019-12-31 -0.15 -0.12 -0.18 2.00
2018-12-31 -0.21 -0.21 -0.21 2.00
DB:PTXI Past Financials Data
Date (Data in CAD Millions) EPS *
2018-09-30 -0.50
2018-06-30 -0.49
2018-03-31 -0.42
2017-12-31 -0.36
2017-09-30 -0.11
2017-06-30 -0.10
2017-03-31 -0.19
2016-12-31 -0.20
2016-09-30 -0.30
2016-06-30 -0.33
2016-03-31 -0.27
2015-12-31 -0.36

*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 Ikkuma Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Ikkuma Resources'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 Germany 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.
Ikkuma Resources 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 Ikkuma Resources 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 Ikkuma Resources'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.
  • Ikkuma Resources does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Ikkuma Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Ikkuma Resources's 1-year growth to the Europe Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Ikkuma Resources'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 Ikkuma Resources Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PTXI 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 65.29 -55.12 6.54
2018-06-30 52.25 -51.79 6.48
2018-03-31 45.44 -43.51 6.23
2017-12-31 32.34 -35.95 5.56
2017-09-30 35.01 -10.80 5.06
2017-06-30 37.66 -9.36 4.61
2017-03-31 33.01 -17.90 4.35
2016-12-31 30.13 -17.94 4.45
2016-09-30 29.66 -25.55 11.91
2016-06-30 31.93 -27.26 13.82
2016-03-31 36.79 -21.49 16.36
2015-12-31 39.16 -28.77 18.95
2015-09-30 43.40 -15.90 14.20
2015-06-30 39.78 -10.74 14.28
2015-03-31 30.41 -11.56 13.40
2014-12-31 21.11 -8.94 9.92
2014-09-30 7.63 -5.41 6.13
2014-06-30 1.43 -4.84 3.46
2014-03-31 1.39 -2.05 0.88
2013-12-31 1.59 0.03 0.89
2013-09-30 1.75 -0.93 0.88
2013-06-30 1.70 -3.45 0.94
2013-03-31 1.74 -2.09 0.98
2012-12-31 1.66 -2.29 1.05
2012-09-30 1.72 -11.32 1.14
2012-06-30 1.76 -11.03 1.00
2012-03-31 1.63 -11.11 1.06
2011-12-31 1.44 -11.13 1.29

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

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Ikkuma Resources's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Ikkuma Resources's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Ikkuma Resources'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 Ikkuma Resources Company Filings, last reported 2 months ago.

DB:PTXI Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 84.71 47.87
2018-06-30 91.18 51.41
2018-03-31 100.00 44.94
2017-12-31 104.72 53.53
2017-09-30 138.58 42.98 12.59
2017-06-30 131.12 42.92 11.07
2017-03-31 130.79 29.69
2016-12-31 128.30 25.13
2016-09-30 137.22 21.97
2016-06-30 139.12 21.14
2016-03-31 139.99 29.23
2015-12-31 137.52 27.86
2015-09-30 146.39 26.60
2015-06-30 147.67 23.00
2015-03-31 147.87 14.93
2014-12-31 149.30 0.00 0.80
2014-09-30 149.61 0.00 25.62
2014-06-30 21.15 0.00 1.16
2014-03-31 3.31 0.88 0.02
2013-12-31 5.54 0.74
2013-09-30 5.73 0.67 0.04
2013-06-30 3.62 1.61 0.02
2013-03-31 5.33 2.74 0.02
2012-12-31 5.47 2.88
2012-09-30 6.50 2.03 0.03
2012-06-30 6.77 1.56 0.04
2012-03-31 7.08 1.93 0.05
2011-12-31 7.41 1.27 0.04
  • Ikkuma Resources's level of debt (56.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (11.7% vs 56.5% 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.

  • Whilst loss making Ikkuma Resources has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Ikkuma Resources has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -19.6% per year.
X
Financial health checks
We assess Ikkuma Resources'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. Ikkuma Resources 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 Ikkuma Resources'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 Ikkuma Resources dividends.
If you bought €2,000 of Ikkuma Resources 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 Ikkuma Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Ikkuma Resources'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:PTXI 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 Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 60 Stocks 5.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 329 Stocks 3.3%
Germany Minimum Threshold Dividend Yield 10th Percentile 1%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.2%

Industry and Market average data is calculated daily.

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

DB:PTXI Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2019-12-31
2018-12-31

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

  • Unable to perform a dividend volatility check as Ikkuma Resources has not reported any payouts.
  • Unable to verify if Ikkuma Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Ikkuma Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Ikkuma Resources has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Ikkuma Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - 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 Ikkuma Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Ikkuma Resources has a total score of 0/6, 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 Ikkuma Resources'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
Tim de Freitas
COMPENSATION CA$253,800
AGE 56
TENURE AS CEO 4.6 years
CEO Bio

Mr. Timothy A. de Freitas, also known as Tim, Ph.D., has been the Chief Executive Officer and President of Ikkuma Resources Corp. since May 22, 2014. Mr. de Freitas served as the Chief Operating Officer and Vice President of Exploration at Manitok Energy Inc. from July 8, 2010 to October 21, 2013. He has a breadth of experience as a Director and Officer of public companies in which he addressed compensation matters for such companies' executive officers. He served as the Chief Operating Officer of Trilateral Energy Ltd. He Co-Founded MEX and served as the Chief Operating Officer and Vice President of Exploration of MEX from September 2008 to July 8, 2010. After several years of Arctic work, he moved to Imperial Oil Resources Limited and Exxon Mobil Corporation in 1995 to work on steam-assisted bitumen recovery and structural geoscience. Following a brief assignment at Nexen Inc.’s domestic asset group in 1998, he moved to Talisman Energy Inc. in 1999 and then to British Gas International in 2007, where he worked in technical and managerial capacities in foothills exploration and development teams. From September 2006 to September 2008, he served as Consultant at British Gas International. From March 1999 to September 2006, Explorationist with Talisman Energy. He was responsible for the discovery of many large gas pools in complex structured reservoirs and gained a reputation as a technical lead in these asset groups. He also became involved in foothills exploration in many others parts of the globe, either as Technical Advisor or as an Interpreter. In 2005, he was credited with uncovering a new play type in western Canada: the first commercial Cambrian-age gas reservoir in the Western Canadian sedimentary basin. Through a variety of technical and managerial positions, he has more than 18 years of experience in the foothills. In 1991, he entered into a Post-Doctorial Industrial Fellowship at a federal facility which focused on circumpolar regional geo-science. He has been a Director of Ikkuma Resources Corp. since May 22, 2014. He served as a Director of Amarok Energy Inc., from October 7, 2011 to January 13, 2014 and Trilateral Energy Ltd. since October 7, 2011. Mr. de Freitas earned his B.Sc., M.Sc., and Ph.D. degrees in Geology and Geophysics from the Universities of Toronto, Western Ontario and Ottawa, respectively.

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

Average tenure of the Ikkuma Resources management team in years:

4.1
Average Tenure
  • The tenure for the Ikkuma Resources management team is about average.
Management Team

Tim de Freitas

TITLE
CEO, President & Director
COMPENSATION
CA$254K
AGE
56
TENURE
4.6 yrs

Yvonne McLeod

TITLE
Senior Vice President of Engineering
COMPENSATION
CA$221K
TENURE
4.6 yrs

Bill Guinan

TITLE
Corporate Secretary & Director
AGE
62

Kim Benders

TITLE
Corporate Controller
COMPENSATION
CA$169K
TENURE
1.3 yrs

John Van de Pol

TITLE
Senior VP & CFO
TENURE
0.9 yrs

Greg Feltham

TITLE
Vice President of Exploration
COMPENSATION
CA$2M
TENURE
4.6 yrs

Rich Rowe

TITLE
Vice President of Land
TENURE
3.6 yrs

Greg Ziegler

TITLE
Technical Advisor
COMPENSATION
CA$31K

Bob Weir

TITLE
Technical Advisor
Board of Directors Tenure

Average tenure and age of the Ikkuma Resources board of directors in years:

4.6
Average Tenure
58.5
Average Age
  • The tenure for the Ikkuma Resources board of directors is about average.
Board of Directors

Bob Dales

TITLE
Chairman
AGE
70

Tim de Freitas

TITLE
CEO, President & Director
COMPENSATION
CA$254K
AGE
56
TENURE
4.6 yrs

Bill Guinan

TITLE
Corporate Secretary & Director
AGE
62
TENURE
4.6 yrs

Mike Kohut

TITLE
Independent Director
AGE
50
TENURE
4.6 yrs

David Anderson

TITLE
Independent Director
TENURE
3.4 yrs

Dorothy Else

TITLE
Director
AGE
61
TENURE
1.3 yrs

Charle Gamba

TITLE
Independent Director
AGE
54
TENURE
4.6 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 (€)
03. May 18 Buy Winsome Capital Inc. Company 02. May 18 02. May 18 300,000 €0.16 €48,758
01. May 18 Buy Winsome Capital Inc. Company 01. May 18 01. May 18 542,500 €0.26 €140,345
01. May 18 Buy Winsome Capital Inc. Company 27. Apr 18 27. Apr 18 200,000 €0.18 €35,737
24. Jan 18 Buy John Van de Pol Individual 23. Jan 18 23. Jan 18 103,500 €0.26 €26,265
23. Jan 18 Buy John Van de Pol Individual 22. Jan 18 22. Jan 18 51,000 €0.26 €13,043
19. Jan 18 Buy John Van de Pol Individual 18. Jan 18 19. Jan 18 160,500 €0.26 €41,320
16. Feb 18 Buy John Van de Pol Individual 15. Feb 18 15. Feb 18 25,000 €0.19 €4,798
09. Feb 18 Buy Winsome Capital Inc. Company 05. Feb 18 08. Feb 18 105,000 €0.25 €23,973
09. Feb 18 Buy Robert Dales Individual 09. Feb 18 09. Feb 18 20,000 €0.20 €3,985
12. Feb 18 Buy Winsome Capital Inc. Company 22. Sep 17 09. Feb 18 240,000 €0.46 €62,516
06. Feb 18 Buy William Guinan Individual 06. Feb 18 06. Feb 18 10,000 €0.21 €2,130
01. Feb 18 Buy Robert Dales Individual 31. Jan 18 31. Jan 18 14,500 €0.24 €3,397
26. Jan 18 Buy Robert Dales Individual 26. Jan 18 26. Jan 18 40,000 €0.26 €10,450
X
Management checks
We assess Ikkuma Resources'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. Ikkuma Resources 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

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Company Info

Map
Description

Ikkuma Resources Corp., an oil and natural gas company, engages in the exploration and development of oil and gas resources in Western Canada. Its oil and gas properties are located in the foothills of Alberta and British Columbia. The company was formerly known as PanTerra Resource Corp. and changed its name to Ikkuma Resources Corp. in September 2014. Ikkuma Resources Corp. was founded in 1979 and is headquartered in Calgary, Canada.

Details
Name: Ikkuma Resources Corp.
PTXI
Exchange: DB
Founded: 1979
CA$33,569,655
109,334,987
Website: http://www.ikkumarescorp.com
Address: Ikkuma Resources Corp.
605 – 5th Avenue SW,
Suite 2700,
Calgary,
Alberta, T2P 3H5,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV IKM Common Shares TSX Venture Exchange CA CAD 30. Sep 1982
OTCPK PRCY.F Common Shares Pink Sheets LLC US USD 30. Sep 1982
DB PTXI Common Shares Deutsche Boerse AG DE EUR 30. Sep 1982
Number of employees
Current staff
Staff numbers
0
Ikkuma Resources employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/12/21 22:26
End of day share price update: 2018/12/21 00:00
Last estimates confirmation: 2018/12/12
Last earnings filing: 2018/11/21
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.