NasdaqCM:SAEX

Stock Analysis Report

Executive Summary

SAExploration Holdings, Inc. provides seismic data acquisition, logistical support, and processing and integrated reservoir geosciences services in North America, South America, the Asia Pacific, and West Africa.

Risk Analysis

Earnings have declined by -29.58% per year over past 5 years

Has less than 1 year of cash runway

Shareholders have been substantially diluted in the past year

Currently unprofitable and not forecast to become profitable over the next 3 years

+ 2 more risks


Snowflake Analysis

Worrying balance sheet with weak fundamentals.


Similar Companies

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Share Price & News

How has SAExploration Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-6.8%

SAEX

-3.3%

US Energy Services

0.06%

US Market


1 Year Return

-43.7%

SAEX

-33.1%

US Energy Services

19.4%

US Market

Return vs Industry: SAEX underperformed the US Energy Services industry which returned -30.5% over the past year.

Return vs Market: SAEX underperformed the US Market which returned 20.1% over the past year.


Shareholder returns

SAEXIndustryMarket
7 Day-6.8%-3.3%0.06%
30 Day1.2%-11.9%1.1%
90 Day-0.8%-4.8%8.9%
1 Year-43.7%-43.7%-31.0%-33.1%21.9%19.4%
3 Year-97.7%-97.7%-55.2%-61.0%48.9%39.3%
5 Year-100.0%-100.0%-58.1%-65.2%71.9%53.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is SAExploration Holdings undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether SAExploration Holdings is trading at an attractive price based on the cash flow it is expected to produce in the future. But as SAExploration Holdings has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

Future Growth

How is SAExploration Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

60.3%

Forecasted Energy industry annual growth in earnings


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 SAExploration Holdings 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 SimplyWall St do have past financial data.


Next Steps

Past Performance

How has SAExploration Holdings performed over the past 5 years?

-29.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SAEX is currently unprofitable.

Growing Profit Margin: SAEX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SAEX is unprofitable, and losses have increased over the past 5 years at a rate of -29.6% per year.

Accelerating Growth: Unable to compare SAEX's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SAEX is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (-32.9%).


Return on Equity

High ROE: SAEX's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is SAExploration Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: SAEX has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: SAEX has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: SAEX has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: SAEX's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet

Inventory Level: SAEX has a high level of physical assets or inventory.

Debt Coverage by Assets: SAEX has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.


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.

Stable Cash Runway: SAEX has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: SAEX has less than a year of cash runway if free cash flow continues to reduce at historical rates of -5.5% each year


Next Steps

Dividend

What is SAExploration Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage4.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate SAEX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate SAEX's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if SAEX's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SAEX's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SAEX's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

2.8yrs

Average board tenure


CEO

Mike Faust (58yo)

US$191,000

Compensation

Mr. Michael J. Faust, also known as Mike, serves as Chairman of the Board of SAExploration Holdings, Inc. since August 15, 2019 and Interim President since August 22, 2019 and serves as its Chief Executive ...


Board Members

NamePositionTenureCompensationOwnership
Michael Faust
Executive Chairman0yrsUS$191.00kno data
Alan Menkes
Independent Director2.1yrsUS$168.96kno data
L. Cooper
Independent Director3.6yrsUS$195.00k0.0087% $926.1
Gary Dalton
Independent Director6.7yrsUS$180.00kno data

2.8yrs

Average Tenure

62yo

Average Age

Experienced Board: SAEX's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


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 been substantially diluted in the past year, with total shares outstanding growing by 155.2%.


Top Shareholders

Company Information

SAExploration Holdings, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: SAExploration Holdings, Inc.
  • Ticker: SAEX
  • Exchange: NasdaqCM
  • Founded: 2011
  • Industry: Oil and Gas Equipment and Services
  • Sector: Energy
  • Market Cap: US$10.620m
  • Shares outstanding: 4.30m
  • Website: https://www.saexploration.com

Number of Employees


Location

  • SAExploration Holdings, Inc.
  • 1160 Dairy Ashford Road
  • Suite 160
  • Houston
  • Texas
  • 77079
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SAEXNasdaqCM (Nasdaq Capital Market)YesNew Common StockUSUSDJun 2013
386ADB (Deutsche Boerse AG)YesNew Common StockDEEURJun 2013

Biography

SAExploration Holdings, Inc. provides seismic data acquisition, logistical support, and processing and integrated reservoir geosciences services in North America, South America, the Asia Pacific, and West Africa. The company’s seismic data acquisition services include program design, planning and permitting, camp, survey and drilling, recording, reclamation, and in-field data processing. It acquires 2D, 3D, time-lapse 4D, and multi-component seismic data on land, in transition zones between land and water, and in offshore in depths reaching 3,000 meters. The company operates crews that utilize approximately 1,35,000 owned land and marine seismic data acquisition equipment and other leased equipment. It serves integrated oil companies, national oil companies and independent oil and natural gas exploration and production companies. The company was founded in 2011 and is headquartered in Houston, Texas. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/19 01:28
End of Day Share Price2020/02/18 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.