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Kelt Exploration

OTCPK:KELT.F
Snowflake Description

Questionable track record with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KELT.F
OTCPK
CA$724M
Market Cap
  1. Home
  2. US
  3. Energy
Company description

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. The last earnings update was 77 days ago. More info.


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  • Kelt Exploration has significant price volatility in the past 3 months.
KELT.F Share Price and Events
7 Day Returns
1.7%
OTCPK:KELT.F
-1.5%
US Oil and Gas
-0.9%
US Market
1 Year Returns
-58.3%
OTCPK:KELT.F
-16.7%
US Oil and Gas
3.8%
US Market
KELT.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Kelt Exploration (KELT.F) 1.7% -4.5% -32.8% -58.3% -10.9% -75.6%
US Oil and Gas -1.5% -1.6% -8.9% -16.7% -4.1% -37.7%
US Market -0.9% 1.1% 1.1% 3.8% 35.5% 42.1%
1 Year Return vs Industry and Market
  • KELT.F underperformed the Oil and Gas industry which returned -16.7% over the past year.
  • KELT.F underperformed the Market in United States of America which returned 3.8% over the past year.
Price Volatility
KELT.F
Industry
5yr Volatility vs Market

KELT.F Value

 Is Kelt 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 Kelt 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 Kelt Exploration.

OTCPK:KELT.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.4%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 OTCPK:KELT.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.92
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.921 (1 + (1- 26.5%) (38.11%))
1.12
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.12
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.12 * 5.96%)
9.41%

Discounted Cash Flow Calculation for OTCPK:KELT.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Kelt 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.

OTCPK:KELT.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 9.41%)
2020 -33.00 Analyst x2 -30.16
2021 44.00 Analyst x1 36.76
2022 48.00 Analyst x1 36.65
2023 51.32 Est @ 6.91% 35.82
2024 54.22 Est @ 5.66% 34.59
2025 56.81 Est @ 4.78% 33.13
2026 59.18 Est @ 4.16% 31.54
2027 61.38 Est @ 3.73% 29.90
2028 63.49 Est @ 3.43% 28.27
2029 65.54 Est @ 3.22% 26.67
Present value of next 10 years cash flows CA$263.16
OTCPK:KELT.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CA$65.54 × (1 + 2.73%) ÷ (9.41% – 2.73%)
CA$1,008.38
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$1,008.38 ÷ (1 + 9.41%)10
CA$410.38
OTCPK:KELT.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$263.16 + CA$410.38
CA$673.54
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$673.54 / 184.13
CA$3.66
OTCPK:KELT.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:KELT.F represents 0.75802x of TSX:KEL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.75802x
Value per Share
(Listing Adjusted, USD)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 3.66 x 0.75802
$2.77
Value per share (USD) From above. $2.77
Current discount Discount to share price of $2.98
= -1 x ($2.98 - $2.77) / $2.77
-7.4%

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

  • The current share price of Kelt Exploration is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Kelt Exploration's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Kelt Exploration's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:KELT.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in CAD CA$0.10
TSX:KEL Share Price ** TSX (2019-07-23) in CAD CA$3.93
United States of America Oil and Gas Industry PE Ratio Median Figure of 101 Publicly-Listed Oil and Gas Companies 12.79x
United States of America Market PE Ratio Median Figure of 3,083 Publicly-Listed Companies 17.8x

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

** Primary Listing of Kelt Exploration.

OTCPK:KELT.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 3.93 ÷ 0.10

41.11x

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

  • Kelt Exploration is overvalued based on earnings compared to the US Oil and Gas industry average.
  • Kelt Exploration is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Kelt Exploration's expected growth come at a high price?
Raw Data
OTCPK:KELT.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 41.11x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
Not available
United States of America Oil and Gas Industry PEG Ratio Median Figure of 79 Publicly-Listed Oil and Gas Companies 0.38x
United States of America Market PEG Ratio Median Figure of 2,118 Publicly-Listed Companies 1.58x

*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 Kelt Exploration, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Kelt Exploration's assets?
Raw Data
OTCPK:KELT.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in CAD CA$4.92
TSX:KEL Share Price * TSX (2019-07-23) in CAD CA$3.93
United States of America Oil and Gas Industry PB Ratio Median Figure of 196 Publicly-Listed Oil and Gas Companies 1.02x
United States of America Market PB Ratio Median Figure of 5,249 Publicly-Listed Companies 1.78x
OTCPK:KELT.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 3.93 ÷ 4.92

0.8x

* Primary Listing of Kelt Exploration.

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

  • Kelt Exploration is good value based on assets compared to the US Oil and Gas industry average.
X
Value checks
We assess Kelt 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. Kelt Exploration has a total score of 1/6, 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.

KELT.F Future Performance

 How is Kelt Exploration expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

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
23.3%
Expected annual growth in revenue.
Earnings growth vs Low Risk Savings
Is Kelt Exploration expected to grow at an attractive rate?
  • Unable to compare Kelt Exploration's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Kelt Exploration's earnings growth to the United States of America market average as no estimate data is available.
  • Kelt Exploration's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:KELT.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:KELT.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 23.3%
United States of America Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 12.9%
United States of America Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 5.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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
OTCPK:KELT.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:KELT.F Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 498
2021-12-31 745 380 1
2020-12-31 572 271 4
2019-12-31 466 224 4
OTCPK:KELT.F Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-03-31 373 187 18
2018-12-31 359 186 8
2018-09-30 337 159 0
2018-06-30 298 154 -14
2018-03-31 264 143 -21
2017-12-31 234 115 -23
2017-09-30 211 101 -6
2017-06-30 203 91 -11
2017-03-31 185 71 -26
2016-12-31 169 45 -50
2016-09-30 156 34 -155
2016-06-30 154 33 -161

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Kelt Exploration is high growth as no earnings estimate data is available.
  • Kelt Exploration's revenue is expected to grow significantly at over 20% yearly.
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
OTCPK:KELT.F 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 4 Analyst Estimates (S&P Global) See Below

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

OTCPK:KELT.F Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31
2019-12-31 0.19 0.19 0.19 1.00
OTCPK:KELT.F Past Financials Data
Date (Data in CAD Millions) EPS *
2019-03-31 0.10
2018-12-31 0.04
2018-09-30 0.00
2018-06-30 -0.08
2018-03-31 -0.12
2017-12-31 -0.13
2017-09-30 -0.03
2017-06-30 -0.06
2017-03-31 -0.15
2016-12-31 -0.29
2016-09-30 -0.90
2016-06-30 -0.95

*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 Kelt Exploration will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Kelt 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 States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Kelt Exploration has a total score of 2/6, 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.

KELT.F Past Performance

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

OTCPK:KELT.F Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 372.93 17.55 15.35
2018-12-31 358.58 8.15 14.33
2018-09-30 337.42 -0.08 14.11
2018-06-30 297.57 -14.36 13.56
2018-03-31 263.72 -20.93 13.54
2017-12-31 234.00 -23.18 13.00
2017-09-30 210.88 -5.93 12.56
2017-06-30 202.51 -10.58 13.13
2017-03-31 184.77 -26.12 12.78
2016-12-31 168.70 -49.77 13.17
2016-09-30 155.94 -154.62 13.32
2016-06-30 153.87 -160.88 13.09
2016-03-31 163.19 -150.43 13.67
2015-12-31 160.29 -141.04 13.57
2015-09-30 170.40 -46.80 13.34
2015-06-30 181.42 -24.05 13.40
2015-03-31 179.05 -10.75 12.88
2014-12-31 186.26 10.63 12.66
2014-09-30 154.43 7.53 11.85
2014-06-30 112.56 3.95 10.67
2014-03-31 78.83 -0.12 9.97
2013-12-31 40.34 -5.12 7.44
2012-12-31 25.92 -4.83 2.83

*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.
  • Kelt Exploration has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Kelt Exploration used its assets less efficiently than the US Oil and Gas industry average last year based on Return on Assets.
  • Kelt 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 Kelt 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.
Kelt 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.

KELT.F Health

 How is Kelt 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 Kelt Exploration's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Kelt Exploration's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Kelt Exploration's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Kelt 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 not covered by short term assets, assets are 0.2x 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 Kelt Exploration Company Filings, last reported 3 months ago.

OTCPK:KELT.F Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 904.84 272.75 3.17
2018-12-31 893.80 247.27 6.46
2018-09-30 889.28 212.40 1.09
2018-06-30 882.92 183.34 0.03
2018-03-31 857.02 198.20 3.48
2017-12-31 845.70 165.98 3.70
2017-09-30 830.34 166.56 1.26
2017-06-30 839.49 137.26 0.60
2017-03-31 842.35 111.07 0.30
2016-12-31 843.30 182.67 0.56
2016-09-30 823.89 192.20 0.35
2016-06-30 835.24 196.38 0.30
2016-03-31 822.23 214.47 0.30
2015-12-31 846.75 177.57 0.87
2015-09-30 939.64 148.11 0.57
2015-06-30 872.65 224.37 1.33
2015-03-31 635.71 105.12 0.69
2014-12-31 619.64 46.93 1.05
2014-09-30 614.38 0.00 14.96
2014-06-30 544.74 0.00 146.67
2014-03-31 539.41 0.00 168.44
2013-12-31 392.87 0.00 32.02
2012-12-31 -2.05 91.87
  • Kelt Exploration's level of debt (30.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 30.1% today).
  • Debt is well covered by operating cash flow (68.4%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.4x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Kelt 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. Kelt Exploration has a total score of 2/6, 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.

KELT.F Dividends

 What is Kelt 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 Kelt Exploration dividends. Estimated to be 0% next year.
If you bought $2,000 of Kelt 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 Kelt Exploration's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Kelt 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
OTCPK:KELT.F 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 4 Analyst Estimates (S&P Global) See Below
United States of America Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 67 Stocks 3.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

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

OTCPK:KELT.F Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31
2019-12-31 0.00 1.00

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

  • Unable to perform a dividend volatility check as Kelt Exploration has not reported any payouts.
  • Unable to verify if Kelt Exploration's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Kelt Exploration's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Kelt Exploration has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Kelt Exploration's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Kelt Exploration's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Kelt Exploration afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Kelt 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.

KELT.F Management

 What is the CEO of Kelt 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
David Wilson
COMPENSATION CA$604,108
AGE 59
TENURE AS CEO 6.8 years
CEO Bio

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., from September 30, 2002 to February 2013. He served as President of Vintage Petroleum Canada, Inc. from May 2001 to May 2002. He served as President and Chief Executive Officer of Genesis Exploration Ltd. and Genesis Exploration Ltd. (Canada) from 1992 to May 2001. Mr. Wilson has been a Director of Celtic Exploration Ltd., since September 2002 and Independent Director of Artek Exploration Ltd. since March 2005. Mr. Wilson has been a Director at Kelt Exploration Ltd. since October 11, 2012. He served as a Director at Genesis Exploration Ltd. (Canada). He holds a diploma in Petroleum Technology from Southern Alberta Institute Of Technology.

CEO Compensation
  • David's compensation has been consistent with company performance over the past year, both up more than 20%.
  • David's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure of the Kelt Exploration management team in years:

6.8
Average Tenure
  • The average tenure for the Kelt Exploration management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Bill Guinan

TITLE
Chairman & Corporate Secretary
COMPENSATION
CA$86K
AGE
63
TENURE
6.8 yrs

David Wilson

TITLE
CEO, President & Director
COMPENSATION
CA$604K
AGE
59
TENURE
6.8 yrs

Sadiq Lalani

TITLE
VP & CFO
COMPENSATION
CA$635K
TENURE
6.8 yrs

Doug MacArthur

TITLE
Vice President of Operations
COMPENSATION
CA$596K
TENURE
6.8 yrs

Pat Miles

TITLE
Vice President of Exploration
COMPENSATION
CA$596K
TENURE
6.8 yrs

Carol Van Brunschot

TITLE
Vice President of Marketing
TENURE
1 yrs
Board of Directors Tenure

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

4.2
Average Tenure
62
Average Age
  • The tenure for the Kelt Exploration board of directors is about average.
Board of Directors

Bill Guinan

TITLE
Chairman & Corporate Secretary
COMPENSATION
CA$86K
AGE
63

David Wilson

TITLE
CEO, President & Director
COMPENSATION
CA$604K
AGE
59
TENURE
6.8 yrs

Bob Dales

TITLE
Lead Director
COMPENSATION
CA$86K
AGE
71

Neil Sinclair

TITLE
Independent Director
COMPENSATION
CA$86K
AGE
71
TENURE
6.8 yrs

Geraldine Greenall

TITLE
Director
COMPENSATION
CA$86K
AGE
45
TENURE
1.6 yrs

Michael Shea

TITLE
Independent Director
COMPENSATION
CA$97K
AGE
61
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Kelt Exploration individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
12. Jun 19 Buy Sadiq Lalani Individual 12. Jun 19 12. Jun 19 9,115 $2.92 $26,626
12. Jun 19 Buy David Wilson Individual 11. Jun 19 11. Jun 19 87,000 $3.11 $270,371
07. Jun 19 Buy David Wilson Individual 05. Jun 19 05. Jun 19 102,100 $3.19 $325,752
05. Jun 19 Buy David Wilson Individual 04. Jun 19 04. Jun 19 47,100 $3.29 $154,729
10. Dec 18 Buy Bruce Gigg Individual 07. Dec 18 07. Dec 18 15,000 $3.16 $47,474
10. Dec 18 Buy David Wilson Individual 10. Dec 18 10. Dec 18 42,300 $2.99 $126,655
07. Dec 18 Buy David Wilson Individual 07. Dec 18 07. Dec 18 7,700 $3.14 $24,196
04. Dec 18 Buy David Wilson Individual 03. Dec 18 03. Dec 18 50,000 $3.43 $171,411
30. Nov 18 Buy Sadiq Lalani Individual 30. Nov 18 30. Nov 18 15,000 $3.19 $47,792
30. Nov 18 Buy David Wilson Individual 30. Nov 18 30. Nov 18 50,000 $3.28 $164,191
23. Nov 18 Buy Bruce Gigg Individual 20. Nov 18 23. Nov 18 20,000 $3.75 $72,550
23. Nov 18 Buy Sadiq Lalani Individual 19. Nov 18 20. Nov 18 16,988 $5.73 $65,403
15. Nov 18 Buy David Wilson Individual 13. Nov 18 14. Nov 18 255,000 $3.59 $911,980
25. Aug 18 Sell Sadiq Lalani Individual 23. Aug 18 23. Aug 18 -30,000 $7.15 $-214,530
X
Management checks
We assess Kelt 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. Kelt 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.

KELT.F News

Simply Wall St News

KELT.F Company Info

Description

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. As of December 31, 2018, the company held petroleum and natural gas rights in 841,415 net acres of undeveloped land. It also had proved developed producing reserves of 40.7 million barrels of oil equivalent (BOE); total proved reserves of 158.4 million BOE; and total proved plus probable reserves of 302.7 million BOE. Kelt Exploration Ltd. was incorporated in 2012 and is headquartered in Calgary, Canada.

Details
Name: Kelt Exploration Ltd.
KELT.F
Exchange: OTCPK
Founded: 2012
CA$550,616,788
184,130,177
Website: http://www.keltexploration.com
Address: Kelt Exploration Ltd.
East Tower,
Suite 300,
Calgary,
Alberta, T2P 3H2,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX KEL Common Shares The Toronto Stock Exchange CA CAD 01. Mar 2013
OTCPK KELT.F Common Shares Pink Sheets LLC US USD 01. Mar 2013
DB 2KE Common Shares Deutsche Boerse AG DE EUR 01. Mar 2013
Number of employees
Current staff
Staff numbers
89
Kelt Exploration employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/24 02:18
End of day share price update: 2019/07/23 00:00
Last estimates confirmation: 2019/07/19
Last earnings filing: 2019/05/08
Last earnings reported: 2019/03/31
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.