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Western Energy Services

DB:W1T2
Snowflake Description

Fair value with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
W1T2
DB
CA$29M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Western Energy Services Corp. operates as an oilfield service company in Canada and the United States. The last earnings update was 26 days ago. More info.


Add to Portfolio Compare Print
  • Western Energy Services has significant price volatility in the past 3 months.
W1T2 Share Price and Events
7 Day Returns
11.3%
DB:W1T2
3.6%
Europe Energy Services
-0.2%
DE Market
1 Year Returns
-80.1%
DB:W1T2
-25.4%
Europe Energy Services
-10.3%
DE Market
W1T2 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Western Energy Services (W1T2) 11.3% -13.5% -22.5% -80.1% -91% -98%
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
  • W1T2 underperformed the Energy Services industry which returned -25.4% over the past year.
  • W1T2 underperformed the Market in Germany which returned -10.3% over the past year.
Price Volatility
W1T2
Industry
5yr Volatility vs Market

W1T2 Value

 Is Western Energy Services 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 Western Energy Services 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 Western Energy Services.

DB:W1T2 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.1%
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:W1T2
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- 26.5%) (850.17%))
5.252
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (2 * 5.96%)
12.15%

Discounted Cash Flow Calculation for DB:W1T2 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Western Energy Services 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:W1T2 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 12.15%)
2019 5.23 Analyst x3 4.67
2020 16.20 Analyst x4 12.88
2021 17.23 Est @ 6.38% 12.22
2022 18.01 Est @ 4.53% 11.39
2023 18.60 Est @ 3.24% 10.48
2024 19.03 Est @ 2.34% 9.57
2025 19.36 Est @ 1.7% 8.68
2026 19.60 Est @ 1.26% 7.83
2027 19.79 Est @ 0.95% 7.05
2028 19.93 Est @ 0.73% 6.33
Present value of next 10 years cash flows CA$91.10
DB:W1T2 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CA$19.93 × (1 + 0.23%) ÷ (12.15% – 0.23%)
CA$167.62
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$167.62 ÷ (1 + 12.15%)10
CA$53.26
DB:W1T2 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$91.10 + CA$53.26
CA$144.36
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$144.36 / 92.31
CA$1.56
DB:W1T2 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:W1T2 represents 0.47742x of TSX:WRG
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.47742x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 1.56 x 0.47742
€0.75
Value per share (EUR) From above. €0.75
Current discount Discount to share price of €0.15
= -1 x (€0.15 - €0.75) / €0.75
80.2%

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

Current Discount
Amount off the current price Western Energy Services is available for.
Intrinsic value
>50%
Share price is €0.148 vs Future cash flow value of €0.74665
Current Discount Checks
For Western Energy Services to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Western Energy Services's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Western Energy Services'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 Western Energy Services's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Western Energy Services's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:W1T2 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in CAD CA$-0.46
TSX:WRG Share Price ** TSX (2019-05-20) in CAD CA$0.31
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 Western Energy Services.

DB:W1T2 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:WRG Share Price ÷ EPS (both in CAD)

= 0.31 ÷ -0.46

-0.68x

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

  • Western Energy Services is loss making, we can't compare its value to the Europe Energy Services industry average.
  • Western Energy Services is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Western Energy Services's expected growth come at a high price?
Raw Data
DB:W1T2 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.68x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
17.4%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 .

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

  • Unable to calculate PEG ratio for Western Energy Services, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Western Energy Services's assets?
Raw Data
DB:W1T2 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in CAD CA$3.70
TSX:WRG Share Price * TSX (2019-05-20) in CAD CA$0.31
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
DB:W1T2 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:WRG Share Price ÷ Book Value per Share (both in CAD)

= 0.31 ÷ 3.70

0.08x

* Primary Listing of Western Energy Services.

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

  • Western Energy Services is good value based on assets compared to the Europe Energy Services industry average.
X
Value checks
We assess Western Energy Services'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. Western Energy Services has a total score of 3/6, 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.

W1T2 Future Performance

 How is Western Energy Services expected to perform in the next 1 to 3 years based on estimates from 6 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
17.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Western Energy Services expected to grow at an attractive rate?
  • Unable to compare Western Energy Services'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 Western Energy Services's earnings growth to the Germany market average as it is expected to be loss making during the next 1-3 years.
  • Western Energy Services's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:W1T2 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:W1T2 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 17.4%
DB:W1T2 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 14.8%
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
DB:W1T2 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:W1T2 Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 269 21 -31 6
2019-12-31 225 15 -36 5
DB:W1T2 Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-03-31 221 35 -42
2018-12-31 236 33 -41
2018-09-30 240 27 -37
2018-06-30 235 31 -38
2018-03-31 235 25 -39
2017-12-31 238 25 -38
2017-09-30 217 24 -47
2017-06-30 195 23 -52
2017-03-31 175 11 -60
2016-12-31 124 17 -62
2016-09-30 122 29 -103
2016-06-30 136 28 -163

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Western Energy Services is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • Western Energy Services's revenue is expected to grow by 14.8% 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
DB:W1T2 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Western Energy Services Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:W1T2 Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 -0.33 -0.28 -0.36 4.00
2019-12-31 -0.39 -0.36 -0.41 3.00
DB:W1T2 Past Financials Data
Date (Data in CAD Millions) EPS *
2019-03-31 -0.46
2018-12-31 -0.45
2018-09-30 -0.40
2018-06-30 -0.44
2018-03-31 -0.48
2017-12-31 -0.48
2017-09-30 -0.64
2017-06-30 -0.71
2017-03-31 -0.81
2016-12-31 -0.84
2016-09-30 -1.39
2016-06-30 -2.20

*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 Western Energy Services will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Western Energy Services'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.
Western Energy Services 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.

W1T2 Past Performance

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

DB:W1T2 Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 220.93 -42.18 18.69
2018-12-31 236.41 -41.16 19.69
2018-09-30 239.79 -36.53 22.26
2018-06-30 235.04 -38.02 23.33
2018-03-31 235.21 -39.21 23.31
2017-12-31 238.18 -37.53 24.30
2017-09-30 216.79 -47.06 23.94
2017-06-30 195.14 -52.43 24.29
2017-03-31 174.72 -59.99 24.66
2016-12-31 124.44 -62.04 24.69
2016-09-30 121.99 -102.63 26.18
2016-06-30 136.46 -162.56 27.90
2016-03-31 155.61 -151.01 29.29
2015-12-31 227.52 -129.42 30.92
2015-09-30 324.06 -82.55 33.84
2015-06-30 402.32 8.98 34.90
2015-03-31 452.27 25.94 34.50
2014-12-31 507.83 36.20 35.06
2014-09-30 498.34 60.19 32.65
2014-06-30 474.50 53.41 31.71
2014-03-31 443.35 45.63 31.46
2013-12-31 379.94 35.12 29.73
2013-09-30 333.57 32.47 28.09
2013-06-30 301.75 32.85 25.68
2013-03-31 295.74 37.07 23.95
2012-12-31 308.62 45.18 23.44
2012-09-30 326.58 57.01 23.33
2012-06-30 337.79 62.65 22.78

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

W1T2 Health

 How is Western Energy Services'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 Western Energy Services's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Western Energy Services is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Western Energy Services's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Western Energy Services'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 0.2x 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 Western Energy Services Company Filings, last reported 1 month ago.

DB:W1T2 Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 343.75 243.28 3.05
2018-12-31 353.80 224.08 4.36
2018-09-30 358.04 224.32 4.78
2018-06-30 369.56 212.73 6.04
2018-03-31 382.71 227.80 2.21
2017-12-31 386.15 265.69 49.32
2017-09-30 368.95 265.46 39.58
2017-06-30 384.14 265.23 52.65
2017-03-31 402.53 264.71 34.12
2016-12-31 407.21 264.75 45.07
2016-09-30 418.89 264.75 47.02
2016-06-30 433.59 264.79 57.40
2016-03-31 457.28 264.83 49.85
2015-12-31 471.70 264.92 58.95
2015-09-30 525.83 265.05 56.55
2015-06-30 602.75 265.24 83.57
2015-03-31 622.76 265.24 61.34
2014-12-31 601.20 265.23 63.27
2014-09-30 607.52 264.66 41.05
2014-06-30 592.20 264.24 69.49
2014-03-31 589.57 264.08 20.69
2013-12-31 563.43 263.79 17.94
2013-09-30 550.04 263.92 10.02
2013-06-30 548.39 233.40 12.26
2013-03-31 465.78 182.38 23.48
2012-12-31 454.79 192.73 42.16
2012-09-30 445.06 177.03 47.02
2012-06-30 436.17 173.01 61.61
  • Western Energy Services's level of debt (70.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (44.8% vs 70.8% 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.

  • Whilst loss making Western Energy Services has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Western Energy Services has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 40.8% per year.
X
Financial health checks
We assess Western Energy Services'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. Western Energy Services 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.

W1T2 Dividends

 What is Western Energy Services'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 Western Energy Services dividends. Estimated to be 0% next year.
If you bought €2,000 of Western Energy Services 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 Western Energy Services's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Western Energy Services'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:W1T2 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 6 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.

DB:W1T2 Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.00 2.00
2019-12-31 0.00 2.00
DB:W1T2 Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2017-10-25 0.000 0.000
2017-07-26 0.000 0.000
2017-04-26 0.000 0.000
2017-02-23 0.000 0.000
2017-02-22 0.000 0.000
2016-10-25 0.000 0.000
2016-07-27 0.000 0.000
2016-07-26 0.000 0.000
2016-02-25 0.000 0.000
2015-10-29 0.200 5.888
2015-07-30 0.300 5.943
2015-04-30 0.300 4.886
2014-10-31 0.300 4.888
2014-07-30 0.300 3.286
2014-05-01 0.300 2.698
2013-10-30 0.300 3.643
2013-07-31 0.300 3.686
2013-05-01 0.300 4.022
2012-10-31 0.300 4.170
2012-08-08 0.300 3.986

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

  • Unable to perform a dividend volatility check as Western Energy Services has not reported any payouts.
  • Unable to verify if Western Energy Services's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Western Energy Services's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Western Energy Services has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Western Energy Services's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Western Energy Services'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 Western Energy Services afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Western Energy Services 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.

W1T2 Management

 What is the CEO of Western Energy Services'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
Alex R. MacAusland
COMPENSATION CA$1,081,180
AGE 49
TENURE AS CEO 5.4 years
CEO Bio

Mr. Alex R. N. MacAusland has been the Chief Executive Officer and President of Western Energy Services Corp. since December 1, 2013 and since December 8, 2009 Respectively. Mr. MacAusland served as the Chief Operating Officer at Western Energy Services Corp. from December 8, 2009 to December 01, 2013. From February 2008 to December 2009. He served as the President and Chief Executive Officer of Horizon Drilling Inc., since February 2008. He served as the Senior Vice President of Eagle Well Servicing and Mission Drilling at IROC Energy Services Corp. from 2006 to 2008. He has been a Director of Western Energy Services Corp. since December 08, 2013. He serves as a Member of the Board of the Canadian Association of Oilwell Drilling Contractors. Mr. MacAusland holds a B.A. in Economics degree from St. Thomas University.

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

Average tenure of the Western Energy Services management team in years:

5.7
Average Tenure
  • The average tenure for the Western Energy Services management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Alex R. MacAusland

TITLE
President
COMPENSATION
CA$1M
AGE
49
TENURE
5.4 yrs

Jeffrey Bowers

TITLE
Senior VP of Finance
COMPENSATION
CA$827K
TENURE
9.4 yrs

Darcy Reinboldt

TITLE
Senior Vice President of Operations
COMPENSATION
CA$509K
TENURE
5.4 yrs

Rick Harrison

TITLE
Senior Vice President of Western Field Services & Special Projects
COMPENSATION
CA$539K
TENURE
6 yrs

Daniel Lundstrom

TITLE
Vice President Of Health
Board of Directors Tenure

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

7.9
Average Tenure
61
Average Age
  • The tenure for the Western Energy Services board of directors is about average.
Board of Directors

Ron Mathison

TITLE
Chairman
COMPENSATION
CA$105K
AGE
61
TENURE
5.4 yrs

Alex R. MacAusland

TITLE
President
COMPENSATION
CA$1M
AGE
49
TENURE
9.4 yrs

Martin Abbott

TITLE
Chairman of Stoneham Drilling Trust
AGE
58

John Rooney

TITLE
Independent Director
COMPENSATION
CA$94K
AGE
61
TENURE
9.4 yrs

Lorne Gartner

TITLE
Independent Director
COMPENSATION
CA$92K
AGE
70
TENURE
7.9 yrs

Don Copeland

TITLE
Independent Director
COMPENSATION
CA$90K
AGE
65
TENURE
7.9 yrs

Bruce Jones

TITLE
Director of Stoneham Drilling Trust
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Western Energy Services insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
08. Mar 19 Buy Jeffrey Bowers Individual 08. Mar 19 08. Mar 19 27,000 €0.25 €6,525
21. Feb 19 Buy Alex R. MacAusland Individual 20. Feb 19 21. Feb 19 107,000 €0.26 €27,436
28. Dec 18 Buy Matco Investments Ltd. Company 27. Dec 18 27. Dec 18 3,000,000 €0.22 €674,380
26. Nov 18 Buy Matco Investments Ltd. Company 26. Nov 18 26. Nov 18 1,314,800 €0.34 €446,944
21. Aug 18 Buy Matco Investments Ltd. Company 20. Aug 18 20. Aug 18 1,074,500 €0.60 €647,122
29. Jun 18 Buy Alex R. MacAusland Individual 28. Jun 18 28. Jun 18 2,500 €0.67 €1,677
22. Jun 18 Buy Matco Investments Ltd. Company 21. Jun 18 21. Jun 18 563,400 €0.65 €364,890
X
Management checks
We assess Western Energy Services'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. Western Energy Services 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.

W1T2 News

Simply Wall St News

W1T2 Company Info

Description

Western Energy Services Corp. operates as an oilfield service company in Canada and the United States. The company operates through Contract Drilling and Production Services segments. The Contract Drilling segment includes drilling rig and related ancillary equipment services. The Production Services segment offers well servicing rig and related equipment services. This segment also provides oilfield rental equipment services to other oilfield service companies. The company had a fleet of 57 drilling rigs; and 66 service rigs. It serves crude oil and natural gas exploration and production companies. Western Energy Services Corp. is headquartered in Calgary, Canada.

Details
Name: Western Energy Services Corp.
W1T2
Exchange: DB
Founded:
CA$19,061,882
92,307,042
Website: http://www.wesc.ca
Address: Western Energy Services Corp.
215 – 9th Avenue South West,
Suite 1700,
Calgary,
Alberta, T2P 1K3,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX WRG Common Shares The Toronto Stock Exchange CA CAD 10. Oct 2004
OTCPK WEEE.F Common Shares Pink Sheets LLC US USD 10. Oct 2004
DB W1T2 Common Shares Deutsche Boerse AG DE EUR 10. Oct 2004
Number of employees
Current staff
Staff numbers
840
Western Energy Services employees.
Industry
Oil and Gas Drilling
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 21:42
End of day share price update: 2019/05/20 00:00
Last estimates confirmation: 2019/04/25
Last earnings filing: 2019/04/24
Last earnings reported: 2019/03/31
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.