OTCPK:ATHO.F

Stock Analysis Report

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Executive Summary

Athabasca Oil Corporation engages in the exploration, development, and production of light and thermal oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada.


Snowflake Analysis

Mediocre balance sheet and overvalued.


Similar Companies

Share Price & News

How has Athabasca Oil's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-4.4%

ATHO.F

0.7%

US Oil and Gas

2.8%

US Market


1 Year Return

-84.5%

ATHO.F

-33.6%

US Oil and Gas

9.3%

US Market

Return vs Industry: ATHO.F underperformed the US Oil and Gas industry which returned -33.6% over the past year.

Return vs Market: ATHO.F underperformed the US Market which returned 9.3% over the past year.


Shareholder returns

ATHO.FIndustryMarket
7 Day-4.4%0.7%2.8%
30 Day-4.3%6.6%8.9%
90 Day-65.6%-13.9%-0.5%
1 Year-84.5%-84.5%-30.4%-33.6%11.8%9.3%
3 Year-89.7%-89.7%-29.7%-37.1%31.4%22.7%
5 Year-94.7%-94.7%-37.8%-47.6%58.7%40.9%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Athabasca Oil undervalued compared to its fair value and its price relative to the market?

0.1x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate ATHO.F's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate ATHO.F's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: ATHO.F is unprofitable, so we can't compare its PE Ratio to the Oil and Gas industry average.

PE vs Market: ATHO.F is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ATHO.F's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ATHO.F is good value based on its PB Ratio (0.1x) compared to the US Oil and Gas industry average (0.7x).


Next Steps

Future Growth

How is Athabasca Oil forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

-26.2%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if ATHO.F's forecast earnings growth is above the savings rate (2.2%).

Earnings vs Market: Insufficient data to determine if ATHO.F's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ATHO.F's revenue is expected to decline over the next 3 years (-26.2% per year).

High Growth Revenue: ATHO.F's revenue is forecast to decline over the next 3 years (-26.2% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if ATHO.F's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Athabasca Oil performed over the past 5 years?

15.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ATHO.F is currently unprofitable.

Growing Profit Margin: ATHO.F is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ATHO.F is unprofitable, but has reduced losses over the past 5 years at a rate of 15.5% per year.

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

Earnings vs Industry: ATHO.F is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-19.8%).


Return on Equity

High ROE: ATHO.F has a negative Return on Equity (-67.57%), as it is currently unprofitable.


Next Steps

Financial Health

How is Athabasca Oil's financial position?


Financial Position Analysis

Short Term Liabilities: ATHO.F's short term assets (CA$406.9M) exceed its short term liabilities (CA$158.9M).

Long Term Liabilities: ATHO.F's short term assets (CA$406.9M) do not cover its long term liabilities (CA$735.9M).


Debt to Equity History and Analysis

Debt Level: ATHO.F's debt to equity ratio (87%) is considered high.

Reducing Debt: ATHO.F's debt to equity ratio has increased from 25.9% to 87% over the past 5 years.


Balance Sheet


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: ATHO.F has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: ATHO.F has sufficient cash runway for 1.4 years if free cash flow continues to grow at historical rates of 31.1% each year.


Next Steps

Dividend

What is Athabasca Oil's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

Growing Dividend: Insufficient data to determine if ATHO.F'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 ATHO.F'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?

2.4yrs

Average management tenure


CEO

Rob Broen

5.17yrs

Tenure

CA$2,604,665

Compensation

Mr. Robert Anthony Broen, also known as Rob, B.Sc.Eng., P.Eng., has been the Chief Executive Officer of Athabasca Oil Corporation (formerly known as Athabasca Oil Sands Corp.) since April 21, 2015 and its  ...


CEO Compensation Analysis

Compensation vs Market: Rob's total compensation ($USD1.91M) is above average for companies of similar size in the US market ($USD593.36K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Robert Broen
President5.17yrsCA$2.60m0.43% CA$225.9k
Matthew Taylor
Chief Financial Officer0.58yrCA$1.13m0.16% CA$83.4k
Karla Ingoldsby
Vice President of Thermal Oil2.42yrsCA$1.17m0.046% CA$24.4k

2.4yrs

Average Tenure

Experienced Management: ATHO.F's management team is considered experienced (2.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Robert Broen
President5.17yrsCA$2.60m0.43% CA$225.9k
Carlos Fierro
Independent Director5.42yrsCA$195.46k0.0085% CA$4.5k
John Festival
Independent Director0.083yrno data0.11% CA$59.4k
Ronald Eckhardt
Independent Chairman of the Board4.25yrsCA$240.91k0.068% CA$35.5k
Thomas Ebbern
Independent Director2.08yrsCA$195.46k0.019% CA$9.9k
Bryan Begley
Independent Director4.25yrsCA$202.27k0.094% CA$49.5k
Anne Downey
Director2.75yrsCA$202.27k0.0080% CA$4.2k

4.3yrs

Average Tenure

59yo

Average Age

Experienced Board: ATHO.F's board of directors are considered experienced (4.3 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

Athabasca Oil Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Athabasca Oil Corporation
  • Ticker: ATHO.F
  • Exchange: OTCPK
  • Founded: 2006
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: CA$71.645m
  • Listing Market Cap: CA$52.580m
  • Shares outstanding: 530.70m
  • Website: https://www.atha.com

Number of Employees


Location

  • Athabasca Oil Corporation
  • 215 – 9th Avenue SW
  • Suite 1200
  • Calgary
  • Alberta
  • T2P 1K3
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ATHTSX (The Toronto Stock Exchange)YesCommon SharesCACADApr 2010
ATIDB (Deutsche Boerse AG)YesCommon SharesDEEURApr 2010
ATHO.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDApr 2010

Biography

Athabasca Oil Corporation engages in the exploration, development, and production of light and thermal oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada. The company operates in Light Oil and Thermal Oil segments. Its principal properties are in the Greater Placid and Greater Kaybob areas near the Town of Fox Creek in northwestern Alberta; and the Leismer and Hangingstone projects located in the Athabasca region of northeastern Alberta. The company produces light oil, natural gas, and natural gas liquids; and bitumen from sand and carbonate rock formations. As of December 31, 2019, it held approximately 1,116,228 net acres of mineral resource leases, licenses, and permits, which include approximately 760,000 net acres of oil sands leases and permits in the Athabasca region of northeastern Alberta and approximately 259,200 net acres of petroleum and natural gas leases in northwestern Alberta. The company was formerly known as Athabasca Oil Sands Corp. and changed its name to Athabasca Oil Corporation in May 2012. Athabasca Oil Corporation was founded in 2006 and is headquartered in Calgary, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/02 04:39
End of Day Share Price2020/06/01 00:00
Earnings2020/03/31
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.