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SNVV

STEP Energy Services OTCPK:SNVV.F Stock Report

Last Price

US$3.33

Market Cap

US$240.3m

7D

-16.3%

1Y

n/a

Updated

27 Sep, 2022

Data

Company Financials +
SNVV.F fundamental analysis
Snowflake Score
Valuation6/6
Future Growth5/6
Past Performance2/6
Financial Health3/6
Dividends0/6

SNVV.F Stock Overview

STEP Energy Services Ltd., an oilfield service company, provides integrated coiled tubing, fracturing, and wireline solutions to service the oil and gas industry in Canada and the United States.

STEP Energy Services Competitors

Price History & Performance

Summary of all time highs, changes and price drops for STEP Energy Services
Historical stock prices
Current Share PriceCA$3.33
52 Week HighCA$5.19
52 Week LowCA$1.24
Beta2.62
1 Month Change-33.17%
3 Month Change-11.67%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO-45.55%

Recent News & Updates

Shareholder Returns

SNVV.FUS Energy ServicesUS Market
7D-16.3%-11.6%-5.8%
1Yn/a1.0%-22.1%

Return vs Industry: Insufficient data to determine how SNVV.F performed against the US Energy Services industry.

Return vs Market: Insufficient data to determine how SNVV.F performed against the US Market.

Price Volatility

Is SNVV.F's price volatile compared to industry and market?
SNVV.F volatility
SNVV.F Average Weekly Movement13.1%
Energy Services Industry Average Movement8.9%
Market Average Movement6.9%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.8%

Stable Share Price: SNVV.F is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 13% a week.

Volatility Over Time: SNVV.F's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
20111,178Regan Davishttps://www.stepenergyservices.com

STEP Energy Services Ltd., an oilfield service company, provides integrated coiled tubing, fracturing, and wireline solutions to service the oil and gas industry in Canada and the United States. It also provides chemical laboratory solutions; fluid pumping services for coiled tubing operations and standalone projects; and nitrogen pumping solutions for coiled tubing and hydraulic fracturing operations, as well as cased hole wireline and open hole wireline services. STEP Energy Services Ltd.

STEP Energy Services Fundamentals Summary

How do STEP Energy Services's earnings and revenue compare to its market cap?
SNVV.F fundamental statistics
Market CapUS$240.35m
Earnings (TTM)US$27.37m
Revenue (TTM)US$570.48m

8.8x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SNVV.F income statement (TTM)
RevenueCA$784.49m
Cost of RevenueCA$703.84m
Gross ProfitCA$80.65m
Other ExpensesCA$43.01m
EarningsCA$37.64m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.53
Gross Margin10.28%
Net Profit Margin4.80%
Debt/Equity Ratio85.6%

How did SNVV.F perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

6/6

Valuation Score 6/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

SNVV.F key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.7x
Enterprise Value/EBITDA5.4x
PEG Ratio0.3x

Price to Earnings Ratio vs Peers

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

SNVV.F PE Ratio vs Peers
The above table shows the PE ratio for SNVV.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average31.3x
RNGR Ranger Energy Services
17.2x86.6%US$218.9m
HMLP Höegh LNG Partners
6x0.6%US$308.4m
SOI Solaris Oilfield Infrastructure
29.9x61.0%US$416.5m
CLB Core Laboratories
72.2x73.0%US$630.9m
SNVV.F STEP Energy Services
8.8x30.4%US$330.5m

Price-To-Earnings vs Peers: SNVV.F is good value based on its Price-To-Earnings Ratio (8.8x) compared to the peer average (31.3x).


Price to Earnings Ratio vs Industry

How does SNVV.F's PE Ratio compare vs other companies in the US Energy Services Industry?

Price-To-Earnings vs Industry: SNVV.F is good value based on its Price-To-Earnings Ratio (8.8x) compared to the US Energy Services industry average (24x)


Price to Earnings Ratio vs Fair Ratio

What is SNVV.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.

SNVV.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.8x
Fair PE Ratio19.7x

Price-To-Earnings vs Fair Ratio: SNVV.F is good value based on its Price-To-Earnings Ratio (8.8x) compared to the estimated Fair Price-To-Earnings Ratio (19.7x).


Share Price vs Fair Value

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

Below Fair Value: SNVV.F ($3.33) is trading below our estimate of fair value ($20.72)

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


Analyst Price Targets

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

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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Future Growth

How is STEP Energy Services forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


30.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SNVV.F's forecast earnings growth (30.4% per year) is above the savings rate (1.9%).

Earnings vs Market: SNVV.F's earnings (30.4% per year) are forecast to grow faster than the US market (14.7% per year).

High Growth Earnings: SNVV.F's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: SNVV.F's revenue (17% per year) is forecast to grow faster than the US market (7.6% per year).

High Growth Revenue: SNVV.F's revenue (17% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SNVV.F's Return on Equity is forecast to be high in 3 years time (26.5%)


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Past Performance

How has STEP Energy Services performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-24.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SNVV.F has a large one-off gain of CA$36.2M impacting its June 30 2022 financial results.

Growing Profit Margin: SNVV.F became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: SNVV.F has become profitable over the past 5 years, growing earnings by -24% per year.

Accelerating Growth: SNVV.F has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: SNVV.F has become profitable in the last year, making it difficult to compare its past year earnings growth to the Energy Services industry (44.1%).


Return on Equity

High ROE: SNVV.F's Return on Equity (16.4%) is considered low.


Discover strong past performing companies

Financial Health

How is STEP Energy Services's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: SNVV.F's short term assets (CA$236.6M) exceed its short term liabilities (CA$182.2M).

Long Term Liabilities: SNVV.F's short term assets (CA$236.6M) exceed its long term liabilities (CA$205.0M).


Debt to Equity History and Analysis

Debt Level: SNVV.F's net debt to equity ratio (84.7%) is considered high.

Reducing Debt: SNVV.F's debt to equity ratio has increased from 0.01% to 85.6% over the past 5 years.

Debt Coverage: SNVV.F's debt is well covered by operating cash flow (22.7%).

Interest Coverage: SNVV.F's interest payments on its debt are not well covered by EBIT (2.1x coverage).


Balance Sheet


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

STEP Energy Services Dividend Yield vs Market
How does STEP Energy Services dividend yield compare to the market?
SegmentDividend Yield
Company (STEP Energy Services)n/a
Market Bottom 25% (US)1.7%
Market Top 25% (US)4.7%
Industry Average (Energy Services)2.4%
Analyst forecast in 3 Years (STEP Energy Services)n/a

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

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


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as SNVV.F has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

6.7yrs

Average management tenure


CEO

Regan Davis (57 yo)

11.5yrs

Tenure

CA$1,648,484

Compensation

Mr. Regan Davis serves as the Chief Executive Officer of Step Energy Services Ltd. since March 2011 and served as its President from December 2013 until July 01, 2021. Mr. Davis has experience in the oil a...


CEO Compensation Analysis

Regan Davis's Compensation vs STEP Energy Services Earnings
How has Regan Davis's remuneration changed compared to STEP Energy Services's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

CA$38m

Mar 31 2022n/an/a

-CA$11m

Dec 31 2021CA$2mCA$498k

-CA$28m

Sep 30 2021n/an/a

-CA$39m

Jun 30 2021n/an/a

-CA$45m

Mar 31 2021n/an/a

-CA$75m

Dec 31 2020CA$609kCA$442k

-CA$119m

Sep 30 2020n/an/a

-CA$127m

Jun 30 2020n/an/a

-CA$230m

Mar 31 2020n/an/a

-CA$195m

Dec 31 2019CA$1mCA$394k

-CA$144m

Sep 30 2019n/an/a

-CA$178m

Jun 30 2019n/an/a

-CA$56m

Mar 31 2019n/an/a

-CA$58m

Dec 31 2018CA$1mCA$393k

-CA$39m

Sep 30 2018n/an/a

CA$37m

Jun 30 2018n/an/a

CA$56m

Mar 31 2018n/an/a

CA$67m

Dec 31 2017CA$1mCA$343k

CA$58m

Compensation vs Market: Regan's total compensation ($USD1.20M) is about average for companies of similar size in the US market ($USD1.68M).

Compensation vs Earnings: Regan's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: SNVV.F's management team is seasoned and experienced (6.7 years average tenure).


Board Members

Experienced Board: SNVV.F's board of directors are seasoned and experienced ( 10.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: SNVV.F insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

OTCPK:SNVV.F Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
19 Sep 22BuyUS$75,249Stephen GlanvilleIndividual18,350US$4.10
19 Sep 22SellUS$79Regan DavisIndividual20US$3.95
22 Mar 22BuyUS$36,497Stephen GlanvilleIndividual18,400US$1.98
07 Jan 22SellUS$5,812Jason SkeharIndividual4,000US$1.45
05 Jan 22SellUS$22,255Jason SkeharIndividual16,000US$1.45
31 Dec 21SellUS$6,164Jason SkeharIndividual5,000US$1.23

Ownership Breakdown

What is the ownership structure of SNVV.F?
Owner TypeNumber of SharesOwnership Percentage
Institutions553,5350.8%
Individual Insiders783,5721.1%
General Public29,805,20641.8%
VC/PE Firms40,243,00056.4%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.8%.


Top Shareholders

Top 18 shareholders own 58.25% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
56.37%
ARC Financial Corp.
40,243,000CA$134.0m0%34.86%
0.28%
NewGen Asset Management Limited
200,000CA$666.0k0%0.36%
0.27%
Regan Davis
193,102CA$643.0k-0.02%no data
0.23%
Dimensional Fund Advisors LP
167,735CA$558.6k0.02%no data
0.23%
Stephen Glanville
165,248CA$550.3k12.49%no data
0.16%
Joshua Kane
112,814CA$375.7k5.34%no data
0.14%
Purpose Investments Inc.
100,000CA$333.0k0%0.03%
0.1%
Michael Burvill
72,940CA$242.9k0%no data
0.094%
Evelyn Angelle
67,400CA$224.4k0%no data
0.08%
Lori McLeod-Hill
57,176CA$190.4k0%no data
0.064%
D. Harbilas
46,000CA$153.2k0%no data
0.064%
Rory Thompson
45,979CA$153.1k0%no data
0.056%
The Vanguard Group, Inc.
40,100CA$133.5k0%no data
0.042%
Arrow Capital Management Inc.
30,000CA$99.9k0%0.04%
0.022%
Jason Skehar
16,000CA$53.3k0%no data
0.022%
American Century Investment Management Inc
15,700CA$52.3k0%no data
0.005%
Klaas Deemter
3,576CA$11.9k0%no data
0.0047%
Tara Boucher
3,337CA$11.1k0%no data

Company Information

STEP Energy Services Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: STEP Energy Services Ltd.
  • Ticker: SNVV.F
  • Exchange: OTCPK
  • Founded: 2011
  • Industry: Oil and Gas Equipment and Services
  • Sector: Energy
  • Implied Market Cap: CA$330.514m
  • Listing Market Cap: CA$240.349m
  • Shares outstanding: 71.39m
  • Website: https://www.stepenergyservices.com

Number of Employees


Location

  • STEP Energy Services Ltd.
  • Bow Valley Square II
  • 1200, 205-5th Avenue SW
  • Calgary
  • Alberta
  • T2P 2V7
  • Canada


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
STEPTSX (The Toronto Stock Exchange)YesCommon SharesCACADMay 2017
932DB (Deutsche Boerse AG)YesCommon SharesDEEURMay 2017
SNVV.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDMay 2017

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/27 00:00
End of Day Share Price2022/09/27 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.