OTCPK:PQEF.F

Stock Analysis Report

Executive Summary

Petroteq Energy Inc., through its subsidiaries, engages in the oil sands mining and oil extraction operations in the United States.


Snowflake Analysis

Imperfect balance sheet and overvalued.

Share Price & News

How has Petroteq Energy's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-8.5%

PQEF.F

-0.7%

US Oil and Gas

-1.1%

US Market


1 Year Return

-78.1%

PQEF.F

-18.9%

US Oil and Gas

17.8%

US Market

Return vs Industry: PQEF.F underperformed the US Oil and Gas industry which returned -18.9% over the past year.

Return vs Market: PQEF.F underperformed the US Market which returned 17.9% over the past year.


Shareholder returns

PQEF.FIndustryMarket
7 Day-8.5%-0.7%-1.1%
30 Day-23.9%-5.7%1.5%
90 Day-50.9%-6.9%6.6%
1 Year-78.1%-78.1%-15.7%-18.9%20.2%17.8%
3 Year-94.5%-94.5%-12.6%-20.8%47.5%38.1%
5 Year-99.6%-99.6%-20.8%-32.5%71.2%52.4%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Petroteq Energy undervalued compared to its fair value and its price relative to the market?

0.27x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: PQEF.F is good value based on its PB Ratio (0.3x) compared to the US Oil and Gas industry average (0.8x).


Next Steps

Future Growth

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

17.1%

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 Petroteq Energy 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

  • Take a look at our analysis of PQEF.F’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Petroteq Energy's filings and announcements here.
  • Explore growth companies in the Energy industry.

Past Performance

How has Petroteq Energy performed over the past 5 years?

-25.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PQEF.F is currently unprofitable.

Growing Profit Margin: PQEF.F is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PQEF.F is unprofitable, and losses have increased over the past 5 years at a rate of -25.1% per year.

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

Earnings vs Industry: PQEF.F is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-13.3%).


Return on Equity

High ROE: PQEF.F has a negative Return on Equity (-23.95%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Petroteq Energy's financial position?


Financial Position Analysis

Short Term Liabilities: PQEF.F's short term assets ($3.0M) do not cover its short term liabilities ($13.6M).

Long Term Liabilities: PQEF.F's short term assets ($3.0M) do not cover its long term liabilities ($3.5M).


Debt to Equity History and Analysis

Debt Level: PQEF.F's debt to equity ratio (13.9%) is considered satisfactory.

Reducing Debt: PQEF.F had negative shareholder equity 5 years ago, but is now positive and has therefore improved.


Balance Sheet

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

Debt Coverage by Assets: PQEF.F's debt is not covered by short term assets (assets are 0.4x debt).


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: PQEF.F has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: PQEF.F has less than a year of cash runway if free cash flow continues to reduce at historical rates of -26.2% each year


Next Steps

Dividend

What is Petroteq Energy's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

Dividend Coverage: PQEF.F is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PQEF.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?

2.6yrs

Average management tenure


CEO

Alex Blyumkin (47yo)

2.6yrs

Tenure

US$286,000

Compensation

Mr. Aleksandr Blyumkin, also known as Alex, is Co-Founder of Petroteq Energy Inc. (also known as MCW Energy Group Limited) and has been its Executive Chairman since October 15, 2012. He served as the Chief ...


CEO Compensation Analysis

Compensation vs Market: Alex's total compensation ($USD286.00K) is below average for companies of similar size in the US market ($USD522.48K).

Compensation vs Earnings: Alex's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Aleksandr Blyumkin
Co-Founder & Executive Chairman2.6yrsUS$286.00k4.06% $654.3k
David Sealock
CEO & Director1.3yrsUS$299.08k0.035% $5.6k
Raymond Bailey
President & Director7.3yrsUS$333.25k0.081% $13.0k
Mark Korb
Chief Financial Officer5.5yrsUS$90.00k0.0035% $562.7
Vladimir Podlipskiy
Chief Technology Officer8.8yrsUS$258.04k0.0082% $1.3k
Paul Davey
Director of Communications0yrsno datano data
Donald Clark
Chief Geologist0yrsno datano data
Robert Grossman
Corporate Secretary0yrsno datano data
Joseph Abrams
Financial Advisor & Member of Board of Advisors0yrsno datano data

2.6yrs

Average Tenure

53yo

Average Age

Experienced Management: PQEF.F's management team is considered experienced (2.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Aleksandr Blyumkin
Co-Founder & Executive Chairman2.6yrsUS$286.00k4.06% $654.3k
David Sealock
CEO & Director1.3yrsUS$299.08k0.035% $5.6k
Raymond Bailey
President & Director7.3yrsUS$333.25k0.081% $13.0k
Joseph Abrams
Financial Advisor & Member of Board of Advisors0yrsno datano data
George Stapleton
Member of Advisory Board1.1yrsno datano data
Travis Schneider
Independent Director8.2yrsUS$213.25k0.024% $3.9k
Robert Dennewald
Independent Director4.8yrsUS$213.25k0.14% $23.4k
Mark Rollins
Member of Advisory Board0.3yrsno datano data
Heriberto Gonzalez
Member of Advisory Board0.6yrsno datano data
Keith Lapeze
Member of Advisory Board0.8yrsno datano data

1.3yrs

Average Tenure

56.5yo

Average Age

Experienced Board: PQEF.F's board of directors are not considered experienced ( 1.3 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 178.7%.


Top Shareholders

Company Information

Petroteq Energy Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Petroteq Energy Inc.
  • Ticker: PQEF.F
  • Exchange: OTCPK
  • Founded:
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: CA$21.305m
  • Listing Market Cap: CA$16.123m
  • Shares outstanding: 202.90m
  • Website: https://www.petroteq.energy

Location

  • Petroteq Energy Inc.
  • 15165 Ventura Boulevard
  • Suite 120
  • Sherman Oaks
  • California
  • 91403
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
A2DYWCDB (Deutsche Boerse AG)COM NPVDEEURNo data
PQETSXV (TSX Venture Exchange)YesNew Common StockCACADOct 2012
PQEF.FOTCPK (Pink Sheets LLC)YesNew Common StockUSUSDOct 2012
PQCFDB (Deutsche Boerse AG)YesNew Common StockDEEUROct 2012

Biography

Petroteq Energy Inc., through its subsidiaries, engages in the oil sands mining and oil extraction operations in the United States. It holds rights to mine, extract, and produce oil and associated hydrocarbons and minerals from oil sands containing heavy oil and bitumen under mineral leases covering approximately 2,541.76 acres in the Asphalt Ridge area of Utah. The company also has operating rights under five U.S. federal oil and gas leases covering approximately 5,960 acres situated in Uintah, Wayne, and Garfield counties, Utah. In addition, it is developing a blockchain-powered supply chain management platform for the oil and gas industry. The company was formerly known as MCW Energy Group Limited and changed its name to Petroteq Energy Inc. in May 2017. Petroteq Energy Inc. is based in Sherman Oaks, California. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/24 02:37
End of Day Share Price2020/02/21 00:00
Earnings2019/11/30
Annual Earnings2019/08/31


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.