OTCPK:KELT.F

Stock Analysis Report

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Executive Summary

Kelt Exploration Ltd., an oil and gas company, engages in the exploration, development, and production of crude oil and natural gas resources primarily in northwestern Alberta and northeastern British Columbia, Canada.


Snowflake Analysis

Overvalued with weak fundamentals.

Share Price & News

How has Kelt Exploration's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-1.9%

KELT.F

-2.1%

US Oil and Gas

2.5%

US Market


1 Year Return

-56.1%

KELT.F

-36.0%

US Oil and Gas

15.9%

US Market

Return vs Industry: KELT.F underperformed the US Oil and Gas industry which returned -36.8% over the past year.

Return vs Market: KELT.F underperformed the US Market which returned 14.9% over the past year.


Shareholder returns

KELT.FIndustryMarket
7 Day-1.9%-2.1%2.5%
30 Day15.8%-3.6%5.8%
90 Day26.0%-1.4%18.2%
1 Year-56.1%-56.1%-32.8%-36.0%18.4%15.9%
3 Year-74.4%-74.4%-34.3%-41.4%39.9%30.9%
5 Year-74.0%-74.0%-34.9%-45.2%72.9%54.2%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Kelt Exploration undervalued compared to its fair value and its price relative to the market?

0.38x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: KELT.F ($1.29) is trading above our estimate of fair value ($0.63)

Significantly Below Fair Value: KELT.F is trading above our estimate of fair value.


Price To Earnings Ratio

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

PE vs Market: KELT.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 KELT.F's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: KELT.F is good value based on its PB Ratio (0.4x) compared to the US Oil and Gas industry average (0.7x).


Next Steps

Future Growth

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

57.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: KELT.F is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: KELT.F is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: KELT.F is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: KELT.F's revenue is expected to decline over the next 3 years (-4.5% per year).

High Growth Revenue: KELT.F's revenue is forecast to decline over the next 3 years (-4.5% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has Kelt Exploration performed over the past 5 years?

42.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: KELT.F is currently unprofitable.

Growing Profit Margin: KELT.F is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: KELT.F is unprofitable, but has reduced losses over the past 5 years at a rate of 42.1% per year.

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

Earnings vs Industry: KELT.F is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-24.7%).


Return on Equity

High ROE: KELT.F has a negative Return on Equity (-9.04%), as it is currently unprofitable.


Next Steps

Financial Health

How is Kelt Exploration's financial position?


Financial Position Analysis

Short Term Liabilities: KELT.F's short term assets (CA$80.3M) do not cover its short term liabilities (CA$115.0M).

Long Term Liabilities: KELT.F's short term assets (CA$80.3M) do not cover its long term liabilities (CA$643.4M).


Debt to Equity History and Analysis

Debt Level: KELT.F's debt to equity ratio (49.8%) is considered high.

Reducing Debt: KELT.F's debt to equity ratio has increased from 16.8% to 49.8% 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: Insufficient data to determine if KELT.F has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if KELT.F has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Kelt Exploration current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate KELT.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 KELT.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 KELT.F's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if KELT.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 KELT.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?

7.8yrs

Average management tenure


CEO

David Wilson (60 yo)

7.83yrs

Tenure

CA$302,480

Compensation

Mr. David John Wilson has been the Chief Executive Officer and President of Kelt Exploration Ltd. since October 11, 2012. Mr. Wilson was President and the Chief Executive Officer of Celtic Exploration Ltd. ...


Leadership Team

NamePositionTenureCompensationOwnership
David Wilson
CEO, President & Director7.83yrsCA$302.48k8.6%
CA$ 20.6m
Sadiq Lalani
VP & CFO7.83yrsCA$388.61k0.89%
CA$ 2.1m
Douglas MacArthur
Vice President of Operations7.83yrsCA$366.39k0.50%
CA$ 1.2m
Patrick W. Miles
Vice President of Exploration7.83yrsCA$366.39k0.45%
CA$ 1.1m
Carol Van Brunschot
Vice President of Marketing2.08yrsno data0.015%
CA$ 36.7k

7.8yrs

Average Tenure

Experienced Management: KELT.F's management team is seasoned and experienced (7.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
David Wilson
CEO, President & Director7.83yrsCA$302.48k8.6%
CA$ 20.6m
Neil Sinclair
Independent Director7.83yrsCA$48.68k1.35%
CA$ 3.2m
Michael Shea
Independent Director2.33yrsCA$103.97k0.29%
CA$ 694.4k
Geraldine Greenall
Independent Director2.67yrsCA$48.68k0.020%
CA$ 49.1k
Tony Nesser
Chairmanno datano datano data

5.3yrs

Average Tenure

61yo

Average Age

Experienced Board: KELT.F's board of directors are considered experienced (5.3 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

Kelt Exploration Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Kelt Exploration Ltd.
  • Ticker: KELT.F
  • Exchange: OTCPK
  • Founded: 2012
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: CA$321.319m
  • Listing Market Cap: CA$239.717m
  • Shares outstanding: 187.91m
  • Website: https://www.keltexploration.com

Number of Employees


Location

  • Kelt Exploration Ltd.
  • East Tower
  • Suite 300
  • Calgary
  • Alberta
  • T2P 3H2
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KELTSX (The Toronto Stock Exchange)YesCommon SharesCACADMar 2013
KELT.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDMar 2013
2KEDB (Deutsche Boerse AG)YesCommon SharesDEEURMar 2013

Biography

Kelt Exploration Ltd., an oil and gas company, engages in the exploration, development, and production of crude oil and natural gas resources primarily in northwestern Alberta and northeastern British Colu ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/04 00:07
End of Day Share Price2020/07/31 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.