LSE:CAPD

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Executive Summary

Capital Drilling Limited, together with its subsidiaries, provides various drilling solutions to customers in the minerals industry.


Snowflake Analysis

Flawless balance sheet with proven track record.


Similar Companies

Share Price & News

How has Capital Drilling's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CAPD's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

CAPD

2.0%

GB Energy Services

2.0%

GB Market


1 Year Return

21.0%

CAPD

-47.6%

GB Energy Services

-12.8%

GB Market

Return vs Industry: CAPD exceeded the UK Energy Services industry which returned -46.3% over the past year.

Return vs Market: CAPD exceeded the UK Market which returned -12.5% over the past year.


Shareholder returns

CAPDIndustryMarket
7 Day0%2.0%2.0%
30 Day9.0%1.1%5.7%
90 Day24.7%-35.5%-8.2%
1 Year23.7%21.0%-46.4%-47.6%-8.6%-12.8%
3 Year20.1%10.0%-61.6%-64.8%-6.2%-17.6%
5 Year172.1%120.0%-70.0%-74.1%12.7%-12.5%

Price Volatility Vs. Market

How volatile is Capital Drilling's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Capital Drilling undervalued compared to its fair value and its price relative to the market?

5.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CAPD (£0.61) is trading below our estimate of fair value (£0.64)

Significantly Below Fair Value: CAPD is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: CAPD is good value based on its PE Ratio (9.8x) compared to the Energy Services industry average (9.9x).

PE vs Market: CAPD is good value based on its PE Ratio (9.8x) compared to the UK market (14.7x).


Price to Earnings Growth Ratio

PEG Ratio: CAPD is poor value based on its PEG Ratio (1.1x)


Price to Book Ratio

PB vs Industry: CAPD is overvalued based on its PB Ratio (1.2x) compared to the GB Energy Services industry average (0.4x).


Next Steps

Future Growth

How is Capital Drilling forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

9.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CAPD's forecast earnings growth (9% per year) is above the savings rate (1.2%).

Earnings vs Market: CAPD's earnings (9% per year) are forecast to grow slower than the UK market (20.3% per year).

High Growth Earnings: CAPD's earnings are forecast to grow, but not significantly.

Revenue vs Market: CAPD's revenue (4.2% per year) is forecast to grow faster than the UK market (3.6% per year).

High Growth Revenue: CAPD's revenue (4.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CAPD's Return on Equity is forecast to be low in 3 years time (13%).


Next Steps

Past Performance

How has Capital Drilling performed over the past 5 years?

63.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CAPD has high quality earnings.

Growing Profit Margin: CAPD's current net profit margins (9.1%) are higher than last year (6.7%).


Past Earnings Growth Analysis

Earnings Trend: CAPD has become profitable over the past 5 years, growing earnings by 63.9% per year.

Accelerating Growth: CAPD's earnings growth over the past year (34.9%) is below its 5-year average (63.9% per year).

Earnings vs Industry: CAPD earnings growth over the past year (34.9%) exceeded the Energy Services industry 8%.


Return on Equity

High ROE: CAPD's Return on Equity (11.9%) is considered low.


Next Steps

Financial Health

How is Capital Drilling's financial position?


Financial Position Analysis

Short Term Liabilities: CAPD's short term assets ($73.2M) exceed its short term liabilities ($38.1M).

Long Term Liabilities: CAPD's short term assets ($73.2M) exceed its long term liabilities ($3.3M).


Debt to Equity History and Analysis

Debt Level: CAPD's debt to equity ratio (15.2%) is considered satisfactory.

Reducing Debt: CAPD's debt to equity ratio has reduced from 16.6% to 15.2% over the past 5 years.

Debt Coverage: CAPD's debt is well covered by operating cash flow (187%).

Interest Coverage: CAPD's interest payments on its debt are well covered by EBIT (23.4x coverage).


Balance Sheet


Next Steps

Dividend

What is Capital Drilling's current dividend yield, its reliability and sustainability?

1.87%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CAPD's dividend (1.87%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (2.03%).

High Dividend: CAPD's dividend (1.87%) is low compared to the top 25% of dividend payers in the UK market (5.68%).


Stability and Growth of Payments

Stable Dividend: CAPD has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: CAPD has only been paying a dividend for 5 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (18.3%), CAPD's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CAPD's dividends in 3 years are forecast to be well covered by earnings (29.4% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.2yrs

Average management tenure


CEO

Jamie Boyton (47yo)

no data

Tenure

US$570,000

Compensation

Mr. Jamie Phillip Boyton serves as Executive Chairman and Chief Executive Officer at Capital Drilling Limited and serves as it Director since January 1, 2009. Mr. Boyton is Co-Owner of BPM Capital Limited. ...


CEO Compensation Analysis

Compensation vs Market: Jamie's total compensation ($USD570.00K) is above average for companies of similar size in the UK market ($USD336.69K).

Compensation vs Earnings: Jamie's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Jamie Boyton
Executive Chairman & CEOno dataUS$570.00k15.33% $12.7m
Brian Rudd
Founder15yrsUS$428.00k10.88% $9.0m
André Koekemoer
CFO & Company Secretary2.42yrsno datano data
Jodie North
Chief Operating Officer1.17yrsno datano data
Rick Robson
Executive of Corporate Development0.33yrno datano data
Jeff Court
Chief Development Officer of Mining0.33yrno datano data
David Payne
Executive of Commercialno dataUS$120.00kno data
Tony Woolfe
Executive of Asset Management2.33yrsno datano data

1.2yrs

Average Tenure

47yo

Average Age

Experienced Management: CAPD's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Jamie Boyton
Executive Chairman & CEOno dataUS$570.00k15.33% $12.7m
Brian Rudd
Founder15yrsUS$428.00k10.88% $9.0m
Alexander Davidson
Independent Non-Executive Director10yrsUS$72.00kno data
Michael Rawlinson
Independent Non-Executive Director1.75yrsUS$72.00k0.061% $50.4k

10.0yrs

Average Tenure

52.5yo

Average Age

Experienced Board: CAPD's board of directors are seasoned and experienced ( 10 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Capital Drilling Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Capital Drilling Limited
  • Ticker: CAPD
  • Exchange: LSE
  • Founded: 2004
  • Industry: Oil and Gas Drilling
  • Sector: Energy
  • Market Cap: UK£82.873m
  • Shares outstanding: 136.98m
  • Website: https://www.capdrill.com

Number of Employees


Location

  • Capital Drilling Limited
  • The CORE Building
  • 9th Floor
  • Ebene
  • Mauritius

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CAPDLSE (London Stock Exchange)YesOrdinary SharesGBGBPJun 2010
C8DBST (Boerse-Stuttgart)YesOrdinary SharesDEEURJun 2010

Biography

Capital Drilling Limited, together with its subsidiaries, provides various drilling solutions to customers in the minerals industry. The company offers exploration drilling services, including air core, deep hole diamond, diamond core, directional, reverse circulation, and underground diamond drilling; and grade control drilling services, such as advanced/deep grade control, shallow grade control, reverse circulation, and underground diamond drilling. It also provides technical drilling services comprising de-watering, diamond core, directional, geo-technical, paste holes, resource definition and extension, and reverse circulation; and blast hole drilling services that include pre-splits, down the hole, and rotary top hammer services. In addition, the company offers other services, which comprise downhole survey, core orientation, borehole management, rig alignment, remote mobile communications infrastructure, safety and security monitoring cameras, and data management and reporting services. Further, it provides equipment rental and IT support services. As of December 31, 2019, the company has a fleet of 95 rings, including 33 diamond core rigs, 4 air core rigs, 21 reverse circulation/grade control rigs, 29 blast hole rigs, and 8 underground rigs. It has operations in Africa, Eastern Europe, Asia, and Latin America. The company was founded in 2004 and is headquartered in Ébène, Mauritius. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/31 22:53
End of Day Share Price2020/05/29 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.