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Touchstone Exploration

AIM:TXP
Snowflake Description

Mediocre balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TXP
AIM
CA$48M
Market Cap
  1. Home
  2. GB
  3. Energy
Company description

Touchstone Exploration Inc. primarily engages in the acquisition, exploration, development, and production of petroleum and natural gas properties in the Republic of Trinidad and Tobago. The last earnings update was 28 days ago. More info.


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  • Touchstone Exploration has significant price volatility in the past 3 months.
TXP Share Price and Events
7 Day Returns
-2.1%
AIM:TXP
2.6%
GB Oil and Gas
1.5%
GB Market
1 Year Returns
24.1%
AIM:TXP
16.9%
GB Oil and Gas
2.1%
GB Market
TXP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Touchstone Exploration (TXP) -2.1% 43% 33.7% 24.1% - -
GB Oil and Gas 2.6% 6.4% 11.3% 16.9% 51.5% -2.7%
GB Market 1.5% 5.2% 9.7% 2.1% 17.8% 6.8%
1 Year Return vs Industry and Market
  • TXP outperformed the Oil and Gas industry which returned 16.9% over the past year.
  • TXP outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 2.1% over the past year.
Price Volatility
TXP
Industry
5yr Volatility vs Market

TXP Value

 Is Touchstone Exploration 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 Touchstone Exploration 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 Touchstone Exploration.

AIM:TXP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 7.8%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

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 AIM:TXP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.96
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.959 (1 + (1- 26.5%) (28.65%))
1.107
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.11
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.107 * 5.96%)
7.83%

Discounted Cash Flow Calculation for AIM:TXP using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Touchstone Exploration 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.

AIM:TXP DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 7.83%)
2019 -15.99 Analyst x1 -14.83
2020 10.66 Analyst x1 9.17
2021 14.31 Est @ 34.2% 11.41
2022 17.78 Est @ 24.31% 13.16
2023 20.88 Est @ 17.38% 14.32
2024 23.49 Est @ 12.54% 14.95
2025 25.64 Est @ 9.14% 15.13
2026 27.38 Est @ 6.77% 14.98
2027 28.77 Est @ 5.11% 14.60
2028 29.91 Est @ 3.94% 14.08
Present value of next 10 years cash flows CA$106.96
AIM:TXP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CA$29.91 × (1 + 1.23%) ÷ (7.83% – 1.23%)
CA$458.67
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$458.67 ÷ (1 + 7.83%)10
CA$215.87
AIM:TXP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$106.96 + CA$215.87
CA$322.84
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$322.84 / 160.69
CA$2.01
AIM:TXP Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in AIM:TXP represents 0.57917x of TSX:TXP
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.57917x
Value per Share
(Listing Adjusted, GBP)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 2.01 x 0.57917
£1.16
Value per share (GBP) From above. £1.16
Current discount Discount to share price of £0.17
= -1 x (£0.17 - £1.16) / £1.16
85.1%

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

Current Discount
Amount off the current price Touchstone Exploration is available for.
Intrinsic value
>50%
Share price is £0.17 vs Future cash flow value of £1.16
Current Discount Checks
For Touchstone Exploration to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Touchstone Exploration's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Touchstone Exploration'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 Touchstone Exploration's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Touchstone Exploration's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:TXP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CAD CA$0.00
TSX:TXP Share Price ** TSX (2019-04-24) in CAD CA$0.3
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry PE Ratio Median Figure of 32 Publicly-Listed Oil and Gas Companies 10.09x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 797 Publicly-Listed Companies 16.16x

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

** Primary Listing of Touchstone Exploration.

AIM:TXP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 0.3 ÷ 0.00

80.65x

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

  • Touchstone Exploration is overvalued based on earnings compared to the GB Oil and Gas industry average.
  • Touchstone Exploration is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Touchstone Exploration's expected growth come at a high price?
Raw Data
AIM:TXP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 80.65x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry PEG Ratio Median Figure of 19 Publicly-Listed Oil and Gas Companies 0.48x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 564 Publicly-Listed Companies 1.49x

*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 Touchstone Exploration, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Touchstone Exploration's assets?
Raw Data
AIM:TXP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CAD CA$0.33
TSX:TXP Share Price * TSX (2019-04-24) in CAD CA$0.3
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry PB Ratio Median Figure of 102 Publicly-Listed Oil and Gas Companies 0.85x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,367 Publicly-Listed Companies 1.52x
AIM:TXP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.3 ÷ 0.33

0.91x

* Primary Listing of Touchstone Exploration.

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

  • Touchstone Exploration is overvalued based on assets compared to the GB Oil and Gas industry average.
X
Value checks
We assess Touchstone Exploration'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. Touchstone Exploration 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.

TXP Future Performance

 How is Touchstone Exploration expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Touchstone Exploration has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
14.2%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Touchstone Exploration expected to grow at an attractive rate?
  • Unable to compare Touchstone Exploration's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Touchstone Exploration's earnings growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
  • Unable to compare Touchstone Exploration's revenue growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
AIM:TXP Future Growth Rates Data Sources
Data Point Source Value (per year)
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 14.2%
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 3%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 10.9%
United Kingdom of Great Britain and Northern Ireland 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
AIM:TXP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:TXP Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31 13
2019-12-31 11
AIM:TXP Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-12-31 36 8 0
2018-09-30 33 8 3
2018-06-30 29 7 2
2018-03-31 25 0 1
2017-12-31 23 1 -1
2017-09-30 22 0 -12
2017-06-30 21 2 -11
2017-03-31 20 6 -12
2016-12-31 18 9 -13
2016-09-30 17 5 -6
2016-06-30 18 3 -18
2016-03-31 21 2 -23

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Touchstone Exploration is high growth as no earnings estimate data is available.
  • Unable to determine if Touchstone Exploration is high growth as no revenue estimate data is available.
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
AIM:TXP 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 0 Analyst Estimates (S&P Global) See Below

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

AIM:TXP Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2019-12-31
AIM:TXP Past Financials Data
Date (Data in CAD Millions) EPS *
2018-12-31 0.00
2018-09-30 0.03
2018-06-30 0.02
2018-03-31 0.01
2017-12-31 -0.01
2017-09-30 -0.13
2017-06-30 -0.13
2017-03-31 -0.14
2016-12-31 -0.15
2016-09-30 -0.07
2016-06-30 -0.21
2016-03-31 -0.28

*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 Touchstone Exploration will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of TXP’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Touchstone Exploration's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Energy companies here
  3. Touchstone Exploration's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Touchstone Exploration'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 United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland 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.
Touchstone Exploration has a total score of 0/6, 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.

TXP Past Performance

  How has Touchstone Exploration 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 Touchstone Exploration'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.
  • Touchstone Exploration has delivered over 20% year on year earnings growth in the past 5 years.
  • Touchstone Exploration has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Touchstone Exploration has become profitable in the last year making it difficult to compare the GB Oil and Gas industry average.
Earnings and Revenue History
Touchstone Exploration'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 Touchstone Exploration Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:TXP Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 35.81 0.48 7.72
2018-09-30 32.60 3.35 6.99
2018-06-30 28.99 1.88 6.99
2018-03-31 25.50 0.73 6.67
2017-12-31 23.04 -0.95 6.49
2017-09-30 22.27 -11.75 6.46
2017-06-30 20.86 -11.25 5.99
2017-03-31 19.74 -11.96 5.91
2016-12-31 18.12 -12.85 6.56
2016-09-30 17.17 -5.55 7.95
2016-06-30 18.38 -17.51 9.01
2016-03-31 21.47 -23.46 9.83
2015-12-31 25.23 -22.15 10.36
2015-09-30 31.42 -71.66 10.17
2015-06-30 39.45 -65.68 10.98
2015-03-31 37.09 -54.42 10.48
2014-12-31 29.98 -57.26 10.34
2014-09-30 18.88 -52.16 9.31
2014-06-30 5.10 -46.93 8.16
2014-03-31 -53.83 8.76
2013-12-31 -52.87 9.54
2013-09-30 -164.45 21.61
2013-06-30 -169.01 23.44
2013-03-31 -169.15 24.12
2012-12-31 -119.85 24.00
2012-09-30 -698.19 -187.76 -28.23
2012-06-30 -469.71 -166.38 -8.68

*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.
  • Touchstone Exploration has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Touchstone Exploration used its assets less efficiently than the GB Oil and Gas industry average last year based on Return on Assets.
  • Touchstone Exploration has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Touchstone Exploration'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.
Touchstone Exploration has a total score of 2/6, 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.

TXP Health

 How is Touchstone Exploration'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 Touchstone Exploration's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Touchstone Exploration's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Touchstone Exploration's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Touchstone Exploration's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.6x 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 Touchstone Exploration Company Filings, last reported 3 months ago.

AIM:TXP Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 42.58 13.81 4.85
2018-09-30 39.63 13.71 6.84
2018-06-30 40.25 13.61 10.56
2018-03-31 39.81 13.94 10.35
2017-12-31 38.20 14.89 13.92
2017-09-30 29.60 13.75 4.91
2017-06-30 32.56 13.65 9.93
2017-03-31 34.48 13.55 13.01
2016-12-31 36.23 13.30 8.43
2016-09-30 42.61 0.00 1.25
2016-06-30 43.06 0.00 2.78
2016-03-31 46.01 2.59 1.83
2015-12-31 52.66 8.30 4.71
2015-09-30 51.69 7.06 6.45
2015-06-30 59.68 7.88 4.36
2015-03-31 69.52 8.33 4.32
2014-12-31 65.76 6.61 7.73
2014-09-30 112.94 1.17 11.78
2014-06-30 114.82 1.34 20.10
2014-03-31 79.58 0.43 45.88
2013-12-31 83.39 1.68 55.71
2013-09-30 127.29 0.72 66.43
2013-06-30 128.40 0.86 75.33
2013-03-31 132.32 0.99 86.26
2012-12-31 134.92 2.32 102.91
2012-09-30 3,682.37 1,515.31 96.08
2012-06-30 3,678.02 1,461.50 103.63
  • Touchstone Exploration's level of debt (32.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (2% vs 32.4% today).
  • Debt is well covered by operating cash flow (60.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 8.9x coverage).
X
Financial health checks
We assess Touchstone Exploration'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. Touchstone Exploration 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.

TXP Dividends

 What is Touchstone Exploration'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 Touchstone Exploration dividends.
If you bought £2,000 of Touchstone Exploration 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 Touchstone Exploration's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Touchstone Exploration'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
AIM:TXP 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 0 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 4.6%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.1%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.1%

Industry and Market average data is calculated daily.

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

AIM:TXP Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2019-12-31

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

  • Unable to perform a dividend volatility check as Touchstone Exploration has not reported any payouts.
  • Unable to verify if Touchstone Exploration's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Touchstone Exploration's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Touchstone Exploration 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 Touchstone Exploration'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 Touchstone Exploration afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Touchstone Exploration 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.

TXP Management

 What is the CEO of Touchstone Exploration'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
Paul Baay
COMPENSATION CA$549,780
AGE 55
TENURE AS CEO 4.9 years
CEO Bio

Mr. Paul Raymond Baay, B.A., ICD.D, has been the Chief Executive Officer of Touchstone Exploration Inc. since 2010 and serves as its President. Mr. Baay serves as an Acting Chief Executive Officer and Chief Financial Officer of Veraz Petroleum Ltd. He served as the Managing Director of Abacus Energy from 2007 to 2010. He served as an Interim Chief Financial Officer and President of Touchstone Exploration Inc. (formerly Touchstone Resources Ltd.) from October 2009 to February 3, 2011. He served as senior officer of True Energy Inc. from 2000 to 2007. He is an Independent oil and gas financial consultant. Mr. Baay served as the President and Chief Executive Officer of Bellatrix Exploration Ltd. from August 31, 2000 to September 2007. He served as the President and Chief Executive Officer of Remington Energy Ltd. from 1993 to 1999. Mr. Baay serves as the Chairman of Veraz Petroleum Ltd. and has been its Director since June 4, 2007. He served as the Chairman of Vero Energy Inc. since November 2005. From March 1998 to September 2000, he served as the Chairman of the Board of Request Seismic Surveys Ltd. He served as the Chairman of Bellatrix Exploration Ltd. from May 1, 2007 to August 20, 2007. He has been a Director of Touchstone Exploration Inc. since May 13, 2014. Mr. Baay serves as a Director of the Rundle Mountain charitable foundation. He served as a Director of Bellatrix Exploration Ltd. from August 31, 2000 to November 19, 2007. He served as a Director of Vero Energy Inc. since September 23, 2005. He served as a Director of Millennium Seismic Ltd. from 2001 to 2007. He served as a Director of Atikwa Resources Inc. since August 31, 2013 until September 2013. He served as a Director of Remington Energy Ltd. from 1993 to 1999. Mr. Baay graduated from the University of Western Ontario in 1983 with a Bachelor of Arts degree in Administrative and Commercial Studies. He holds an ICD.D designation as a certified corporate director.

CEO Compensation
  • Paul's compensation has increased in line with Touchstone Exploration recently becoming profitable.
  • Paul's remuneration is higher than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure of the Touchstone Exploration management team in years:

4.9
Average Tenure
  • The tenure for the Touchstone Exploration management team is about average.
Management Team

Paul Baay

TITLE
President
COMPENSATION
CA$550K
AGE
55
TENURE
4.9 yrs

Scott Budau

TITLE
Chief Financial Officer
COMPENSATION
CA$379K
TENURE
4.9 yrs

James Shipka

TITLE
Chief Operating Officer
COMPENSATION
CA$380K
TENURE
4.7 yrs

Tom Valentine

TITLE
Corporate Secretary & Independent Director
COMPENSATION
CA$31K
TENURE
4.9 yrs

Tim Sweeney

TITLE
General Counsel
TENURE
8.8 yrs
Board of Directors Tenure

Average tenure and age of the Touchstone Exploration board of directors in years:

4.9
Average Tenure
59
Average Age
  • The tenure for the Touchstone Exploration board of directors is about average.
Board of Directors

John Wright

TITLE
Chairman
COMPENSATION
CA$44K
AGE
58
TENURE
6.5 yrs

Paul Baay

TITLE
President
COMPENSATION
CA$550K
AGE
55
TENURE
4.9 yrs

Tom Valentine

TITLE
Corporate Secretary & Independent Director
COMPENSATION
CA$31K
TENURE
3.9 yrs

Ken McKinnon

TITLE
Independent Director
COMPENSATION
CA$28K
AGE
59
TENURE
19.1 yrs

Peter Nicol

TITLE
Independent Director
COMPENSATION
CA$21K
AGE
61
TENURE
1.8 yrs

Stan Smith

TITLE
Independent Director
COMPENSATION
CA$17K
AGE
64
TENURE
1.5 yrs

Harrie Vredenburg

TITLE
Independent Director
COMPENSATION
CA$32K
TENURE
12.9 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 (£)
08. Mar 19 Sell North Energy ASA Company 07. Mar 19 07. Mar 19 -18,548,750 £0.12 £-2,272,064
20. Feb 19 Buy North Energy ASA Company 19. Feb 19 19. Feb 19 3,750,000 £0.12 £450,000
18. Nov 18 Buy Stanley Smith Individual 16. Nov 18 16. Nov 18 40,000 £0.15 £5,923
26. Sep 18 Buy North Energy ASA Company 26. Sep 18 26. Sep 18 175,000 £0.17 £29,400
X
Management checks
We assess Touchstone Exploration'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. Touchstone Exploration 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.

TXP News

Simply Wall St News

TXP Company Info

Description

Touchstone Exploration Inc. primarily engages in the acquisition, exploration, development, and production of petroleum and natural gas properties in the Republic of Trinidad and Tobago. The company was formerly known as Petrobank Energy and Resources Ltd. and changed its name to Touchstone Exploration Inc. in May 2014. Touchstone Exploration Inc. is headquartered in Calgary, Canada.

Details
Name: Touchstone Exploration Inc.
TXP
Exchange: AIM
Founded:
CA$27,588,784
160,688,095
Website: http://www.touchstoneexploration.com
Address: Touchstone Exploration Inc.
350-7th Avenue SW,
Suite 4100,
Calgary,
Alberta, T2P 3N9,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX TXP Common Shares The Toronto Stock Exchange CA CAD 24. Feb 1994
OTCPK PBEG.F Common Shares Pink Sheets LLC US USD 24. Feb 1994
BST PNW1 Common Shares Boerse-Stuttgart DE EUR 24. Feb 1994
AIM TXP Common Shares London Stock Exchange AIM Market GB GBP 24. Feb 1994
Number of employees
Current staff
Staff numbers
93
Touchstone Exploration employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/24 23:13
End of day share price update: 2019/04/24 00:00
Last estimates confirmation: 2019/04/08
Last earnings filing: 2019/03/27
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.