Secure Energy Services Inc., an energy services company, provides specialized solutions to upstream oil and natural gas companies operating primarily in Western Canadian Sedimentary Basin and the United States.
Fair value with mediocre balance sheet.
Share Price & News
How has Secure Energy Services's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SECY.F's share price has been volatile over the past 3 months.
7 Day Return
US Energy Services
1 Year Return
US Energy Services
Return vs Industry: SECY.F underperformed the US Energy Services industry which returned -47.3% over the past year.
Return vs Market: SECY.F underperformed the US Market which returned 15.9% over the past year.
Price Volatility Vs. Market
How volatile is Secure Energy Services's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Secure Energy Services undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SECY.F ($1.28) is trading below our estimate of fair value ($3.66)
Significantly Below Fair Value: SECY.F is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SECY.F is unprofitable, so we can't compare its PE Ratio to the US Energy Services industry average.
PE vs Market: SECY.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 SECY.F's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SECY.F is good value based on its PB Ratio (0.4x) compared to the US Energy Services industry average (0.5x).
How is Secure Energy Services forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SECY.F is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: SECY.F is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: SECY.F is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: SECY.F's revenue (9.5% per year) is forecast to grow faster than the US market (9.3% per year).
High Growth Revenue: SECY.F's revenue (9.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SECY.F is forecast to be unprofitable in 3 years.
How has Secure Energy Services performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SECY.F is currently unprofitable.
Growing Profit Margin: SECY.F is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: SECY.F is unprofitable, but has reduced losses over the past 5 years at a rate of 50.3% per year.
Accelerating Growth: Unable to compare SECY.F's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: SECY.F is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (-54.6%).
Return on Equity
High ROE: SECY.F has a negative Return on Equity (-5.58%), as it is currently unprofitable.
How is Secure Energy Services's financial position?
Financial Position Analysis
Short Term Liabilities: SECY.F's short term assets (CA$180.9M) exceed its short term liabilities (CA$103.2M).
Long Term Liabilities: SECY.F's short term assets (CA$180.9M) do not cover its long term liabilities (CA$624.5M).
Debt to Equity History and Analysis
Debt Level: SECY.F's debt to equity ratio (60.3%) is considered high.
Reducing Debt: SECY.F's debt to equity ratio has increased from 24.7% to 60.3% over the past 5 years.
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: Whilst unprofitable SECY.F has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: SECY.F is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 36.5% per year.
What is Secure Energy Services's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SECY.F's dividend (1.82%) is higher than the bottom 25% of dividend payers in the US market (1.65%).
High Dividend: SECY.F's dividend (1.82%) is low compared to the top 25% of dividend payers in the US market (4.54%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, SECY.F has been paying a dividend for less than 10 years.
Growing Dividend: SECY.F has only been paying a dividend for 7 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: SECY.F is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: SECY.F's dividends in 3 years are not forecast to be well covered by earnings (154.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Rene Amirault (59 yo)
Mr. Rene E. Amirault, CGA, has been the President and Chief Executive Officer at Secure Energy Services Inc. (formerly Secure Energy Services Ltd.) since March 2007. Mr. Amirault served as the Chief Execut ...
CEO Compensation Analysis
Compensation vs Market: Rene's total compensation ($USD2.10M) is above average for companies of similar size in the US market ($USD1.34M).
Compensation vs Earnings: Rene's compensation has increased whilst the company is unprofitable.
|Executive VP & CFO||2.92yrs||CA$1.41m||0.071% |
|Executive Vice President of Operations||0.17yr||CA$1.54m||0.14% |
|Chief Operating Officer of Midstream||1.33yrs||CA$2.16m||0.33% |
|Executive Vice President of Commercial & Transportation||2.92yrs||CA$1.77m||0.050% |
|Executive Vice President of Environmental Solutions||7.33yrs||CA$1.06m||0.27% |
|Executive Vice President of New Ventures||0.17yr||CA$1.88m||0.16% |
Experienced Management: SECY.F's management team is considered experienced (2.9 years average tenure).
|Lead Director & Independent Director||0.33yr||CA$187.00k||0.030% |
|Independent Director||12.92yrs||CA$195.34k||0.047% |
|Independent Director||1.5yrs||CA$177.50k||0.021% |
|Independent Director||0.33yr||no data||no data|
|Independent Director||1.33yrs||CA$102.67k||no data|
|Independent Director||7.25yrs||CA$179.50k||0.011% |
Experienced Board: SECY.F's board of directors are considered experienced (3.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SECY.F insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Secure Energy Services Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Secure Energy Services Inc.
- Ticker: SECY.F
- Exchange: OTCPK
- Industry: Oil and Gas Equipment and Services
- Sector: Energy
- Market Cap: CA$261.596m
- Listing Market Cap: CA$195.844m
- Shares outstanding: 158.54m
- Website: https://www.secure-energy.com
Number of Employees
- Secure Energy Services Inc.
- Bow Valley Square 2
- Suite 3600
- T2P 2V7
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|SES||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||Mar 2010|
|SEP||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Mar 2010|
|SECY.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Mar 2010|
Secure Energy Services Inc., an energy services company, provides specialized solutions to upstream oil and natural gas companies operating primarily in Western Canadian Sedimentary Basin and the United St ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/08/04 23:31|
|End of Day Share Price||2020/07/31 00:00|