Secure Energy Services Inc.

OTCPK:SECY.F Stock Report

Market Cap: US$2.7b

Secure Energy Services Valuation

Is SECY.F undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of SECY.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SECY.F ($11.36) is trading below our estimate of fair value ($18.33)

Significantly Below Fair Value: SECY.F is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SECY.F?

Key metric: As SECY.F is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for SECY.F. This is calculated by dividing SECY.F's market cap by their current earnings.
What is SECY.F's PE Ratio?
PE Ratio6.2x
EarningsCA$607.00m
Market CapCA$3.78b

Price to Earnings Ratio vs Peers

How does SECY.F's PE Ratio compare to its peers?

The above table shows the PE ratio for SECY.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average16.9x
CVI CVR Energy
28.1x26.2%US$1.9b
WKC World Kinect
12.6x-0.7%US$1.7b
PARR Par Pacific Holdings
3.1x-5.7%US$969.7m
DINO HF Sinclair
23.6x23.6%US$7.9b
SECY.F Secure Energy Services
6.2x-34.6%US$3.8b

Price-To-Earnings vs Peers: SECY.F is good value based on its Price-To-Earnings Ratio (6.2x) compared to the peer average (16.9x).

Price to Earnings Ratio vs Industry

How does SECY.F's PE Ratio compare vs other companies in the US Oil and Gas Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AXAS Abraxas Petroleum
0.09xn/aUS$10.27m
BYRO.F Byron Energy
0.03x-10.3%US$312.17k
USOP.Y U.S. Oil and Gas
n/an/aUS$6.00
No more companies available in this PE range
SECY.F 6.2xIndustry Avg. 11.5xNo. of Companies20PE0816243240+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SECY.F is good value based on its Price-To-Earnings Ratio (6.2x) compared to the US Oil and Gas industry average (11.6x).

Price to Earnings Ratio vs Fair Ratio

What is SECY.F's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SECY.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.2x
Fair PE Ratio5.4x

Price-To-Earnings vs Fair Ratio: SECY.F is expensive based on its Price-To-Earnings Ratio (6.2x) compared to the estimated Fair Price-To-Earnings Ratio (5.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst SECY.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$11.36
US$12.57
+10.6%
11.2%US$15.64US$10.66n/a10
Nov ’25US$11.39
US$12.69
+11.5%
11.2%US$15.80US$10.77n/a10
Oct ’25US$8.96
US$10.48
+16.9%
5.8%US$11.59US$9.41n/a8
Sep ’25US$9.19
US$10.48
+14.0%
5.8%US$11.59US$9.41n/a8
Aug ’25US$8.72
US$10.48
+20.2%
5.8%US$11.59US$9.41n/a8
Jul ’25US$8.78
US$9.93
+13.1%
5.4%US$10.56US$8.74n/a8
Jun ’25US$8.23
US$10.03
+21.9%
6.0%US$10.97US$8.77n/a9
May ’25US$8.41
US$9.89
+17.6%
6.2%US$10.90US$8.72n/a9
Apr ’25US$8.41
US$9.29
+10.5%
7.4%US$10.38US$8.16n/a9
Mar ’25US$8.32
US$9.24
+11.1%
7.4%US$10.33US$8.11n/a9
Feb ’25US$7.75
US$8.73
+12.6%
7.4%US$9.70US$7.84n/a9
Jan ’25US$7.10
US$8.06
+13.5%
8.8%US$9.26US$7.04n/a8
Dec ’24US$6.15
US$6.82
+10.9%
7.4%US$7.64US$6.19n/a8
Nov ’24US$5.70
US$6.67
+17.1%
8.5%US$7.57US$5.77US$11.398
Oct ’24US$5.49
US$6.67
+21.6%
10.8%US$7.73US$5.52US$8.968
Sep ’24US$5.70
US$6.48
+13.7%
11.0%US$7.72US$5.51US$9.198
Aug ’24US$5.23
US$6.67
+27.5%
10.0%US$7.93US$5.67US$8.7210
Jul ’24US$4.69
US$6.51
+38.8%
11.4%US$7.94US$5.29US$8.7811
Jun ’24US$4.49
US$6.46
+44.0%
12.2%US$7.79US$5.19US$8.2311
May ’24US$4.48
US$6.46
+44.2%
12.2%US$7.79US$5.19US$8.4111
Apr ’24US$4.58
US$6.57
+43.4%
14.9%US$8.48US$5.16US$8.4111
Mar ’24US$6.30
US$7.87
+24.9%
8.3%US$9.01US$6.38US$8.3211
Feb ’24US$6.11
US$7.87
+28.8%
8.3%US$9.01US$6.38US$7.7511
Jan ’24US$5.15
US$7.77
+50.8%
9.5%US$9.03US$6.40US$7.1011
Dec ’23US$5.54
US$7.77
+40.2%
9.5%US$9.03US$6.40US$6.1511
Nov ’23US$5.35
US$6.92
+29.4%
8.6%US$8.11US$6.27US$5.7011

Analyst Forecast: Target price is less than 20% higher than the current share price.

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