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Petrocapita Income Trust

CNSX:PCE.UN
Snowflake Description

Unattractive dividend payer with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PCE.UN
CNSX
CA$277K
Market Cap
  1. Home
  2. CA
  3. Energy
Company description

Petrocapita Income Trust, a specified investment flow-through trust, focuses on acquiring and developing heavy oil production and infrastructure assets in the Lloydminster area of Alberta and Saskatchewan. The last earnings update was 251 days ago. More info.


Add to Portfolio Compare Print
  • Petrocapita Income Trust is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Petrocapita Income Trust has significant price volatility in the past 3 months.
PCE.UN Share Price and Events
7 Day Returns
0%
CNSX:PCE.UN
-1.5%
CA Oil and Gas
-1.5%
CA Market
1 Year Returns
-91.2%
CNSX:PCE.UN
-22.7%
CA Oil and Gas
-3.8%
CA Market
PCE.UN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Petrocapita Income Trust (PCE.UN) 0% 0% 0% -91.2% -99.2% -
CA Oil and Gas -1.5% -6% -10.4% -22.7% -20.8% -41.8%
CA Market -1.5% -2.1% -2.5% -3.8% 4.9% -0.2%
1 Year Return vs Industry and Market
  • PCE.UN underperformed the Oil and Gas industry which returned -22.7% over the past year.
  • PCE.UN underperformed the Market in Canada which returned -3.8% over the past year.
Price Volatility
PCE.UN
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Petrocapita Income Trust's competitors could be found in our database.

Value

 Is Petrocapita Income Trust 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 Petrocapita Income Trust 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 Petrocapita Income Trust.

CNSX:PCE.UN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2018-09-30) in CAD CA$ .005200
Payout Ratio Company Filings (2018-09-30) -113.3%
Discount Rate (Cost of Equity) See below 9%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.9%

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 CNSX:PCE.UN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.91
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.914 (1 + (1- 26.5%) (7077.98%))
1.189
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.19
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.189 * 5.96%)
9.04%

Discounted Cash Flow Calculation for CNSX:PCE.UN using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Petrocapita Income Trust is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

CNSX:PCE.UN Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= CA$0.01 / (9.04% - 1.95%)
CA$0.01
CNSX:PCE.UN Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$0.01
Current discount Discount to share price of CA$0.03
= -1 x (CA$0.03 - CA$0.01) / CA$0.01
-336.9%

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

  • The current share price of Petrocapita Income Trust 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 Petrocapita Income Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Petrocapita Income Trust's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
CNSX:PCE.UN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in CAD CA$-0.86
CNSX:PCE.UN Share Price ** CNSX (2019-05-07) in CAD CA$0.03
Canada Oil and Gas Industry PE Ratio Median Figure of 61 Publicly-Listed Oil and Gas Companies 9.74x
Canada Market PE Ratio Median Figure of 536 Publicly-Listed Companies 14.39x

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

** Primary Listing of Petrocapita Income Trust.

CNSX:PCE.UN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= CNSX:PCE.UN Share Price ÷ EPS (both in CAD)

= 0.03 ÷ -0.86

-0.03x

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

  • Petrocapita Income Trust is loss making, we can't compare its value to the CA Oil and Gas industry average.
  • Petrocapita Income Trust is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Petrocapita Income Trust's expected growth come at a high price?
Raw Data
CNSX:PCE.UN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.03x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Canada Oil and Gas Industry PEG Ratio Median Figure of 36 Publicly-Listed Oil and Gas Companies -0.08x
Canada Market PEG Ratio Median Figure of 245 Publicly-Listed Companies 1.08x

*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 Petrocapita Income Trust, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Petrocapita Income Trust's assets?
Raw Data
CNSX:PCE.UN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in CAD CA$-0.31
CNSX:PCE.UN Share Price * CNSX (2019-05-07) in CAD CA$0.03
Canada Oil and Gas Industry PB Ratio Median Figure of 223 Publicly-Listed Oil and Gas Companies 0.76x
Canada Market PB Ratio Median Figure of 2,449 Publicly-Listed Companies 1.44x
CNSX:PCE.UN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= CNSX:PCE.UN Share Price ÷ Book Value per Share (both in CAD)

= 0.03 ÷ -0.31

-0.08x

* Primary Listing of Petrocapita Income Trust.

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

  • Petrocapita Income Trust has negative assets, we can't compare the value of its assets to the CA Oil and Gas industry average.
X
Value checks
We assess Petrocapita Income Trust'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. Petrocapita Income Trust has a total score of 0/6, 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.

Future Performance

 How is Petrocapita Income Trust expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Petrocapita Income Trust 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
-4.4%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Petrocapita Income Trust expected to grow at an attractive rate?
  • Unable to compare Petrocapita Income Trust's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Petrocapita Income Trust's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Petrocapita Income Trust's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
CNSX:PCE.UN Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average -4.4%
Canada Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 4%
Canada Market Earnings Growth Rate Market Cap Weighted Average 12.2%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6%

*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
CNSX:PCE.UN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (10 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
CNSX:PCE.UN Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-09-30 8 1 -10
2018-06-30 8 -1 -11
2018-03-31 7 -2 -11
2017-12-31 8 -4 -12
2017-09-30 9 -5 -17
2017-06-30 8 -4 -13
2017-03-31 7 -4 -12
2016-12-31 5 -3 -9
2016-09-30 3 -2 -1
2016-06-30 3 -2 -4
2016-03-31 3 -2 -3
2015-12-31 3 0 -3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Petrocapita Income Trust is high growth as no earnings estimate data is available.
  • Unable to determine if Petrocapita Income Trust is high growth as no revenue estimate data is available.
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
CNSX:PCE.UN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (10 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Petrocapita Income Trust Company Filings, last reported 10 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:PCE.UN Past Financials Data
Date (Data in CAD Millions) EPS *
2018-09-30 -0.86
2018-06-30 -0.96
2018-03-31 -0.97
2017-12-31 -1.09
2017-09-30 -1.56
2017-06-30 -1.13
2017-03-31 -1.05
2016-12-31 -0.79
2016-09-30 -0.13
2016-06-30 -0.25
2016-03-31 -0.21
2015-12-31 -0.29

*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 Petrocapita Income Trust will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of PCE.UN’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.
  2. Petrocapita Income Trust's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Energy companies here
  3. Petrocapita Income Trust's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Petrocapita Income Trust'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 Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada 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.
Petrocapita Income Trust has a total score of 0/6, 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.

Past Performance

  How has Petrocapita Income Trust performed over the past 5 years?

  • Petrocapita Income Trust's last earnings update was 251 days ago.
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 Petrocapita Income Trust'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.
  • Petrocapita Income Trust does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Petrocapita Income Trust's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Petrocapita Income Trust's 1-year growth to the CA Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Petrocapita Income Trust'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 Petrocapita Income Trust Company Filings, last reported 10 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:PCE.UN Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 7.88 -9.52 3.05
2018-06-30 7.66 -10.63 3.18
2018-03-31 7.43 -10.81 3.36
2017-12-31 8.42 -12.13 3.88
2017-09-30 8.69 -17.35 4.44
2017-06-30 8.28 -12.51 4.61
2017-03-31 7.10 -11.68 4.13
2016-12-31 4.72 -8.81 3.16
2016-09-30 3.13 -1.39 1.80
2016-06-30 2.64 -4.18 1.38
2016-03-31 2.91 -2.86 1.23
2015-12-31 3.39 -3.21 1.05
2015-09-30 4.20 -3.53 1.08
2015-06-30 5.56 -3.36 0.81
2015-03-31 7.05 -4.13 0.81
2014-12-31 8.62 -3.60 0.72
2013-12-31 7.53 -3.71 0.71

*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.
  • It is difficult to establish if Petrocapita Income Trust has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if Petrocapita Income Trust has efficiently used its assets last year compared to the CA Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Petrocapita Income Trust improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Petrocapita Income Trust'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.
Petrocapita Income Trust has a total score of 0/6, 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.

Health

 How is Petrocapita Income Trust'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 Petrocapita Income Trust's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Petrocapita Income Trust's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Petrocapita Income Trust's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Petrocapita Income Trust'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.
  • Petrocapita Income Trust has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
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 Petrocapita Income Trust Company Filings, last reported 10 months ago.

CNSX:PCE.UN Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 -4.91 19.55 0.98
2018-06-30 -2.96 19.34 0.67
2018-03-31 -0.98 19.25 0.45
2017-12-31 1.68 18.82 1.57
2017-09-30 8.11 16.36 3.05
2017-06-30 10.09 14.11 2.00
2017-03-31 12.43 12.59 1.34
2016-12-31 13.43 11.19 2.53
2016-09-30 20.99 10.66 3.49
2016-06-30 18.84 7.90 5.07
2016-03-31 19.98 1.25 0.45
2015-12-31 20.85 0.77 0.76
2015-09-30 22.11 0.65 0.92
2015-06-30 22.97 0.65 1.35
2015-03-31 -7.60 30.46 2.13
2014-12-31 -6.26 30.18 2.60
2013-12-31 -2.43 29.17 4.57
  • Petrocapita Income Trust has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Petrocapita Income Trust's debt level has increased considering it has negative shareholder equity.
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.

  • Petrocapita Income Trust has less than a year of cash runway based on current free cash flow.
  • Petrocapita Income Trust has less than a year of cash runway if free cash flow continues to grow at historical rates of 17.2% each year.
X
Financial health checks
We assess Petrocapita Income Trust'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. Petrocapita Income Trust has a total score of 0/6, 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.

Dividends

 What is Petrocapita Income Trust'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
20.8%
Current annual income from Petrocapita Income Trust dividends.
If you bought CA$2,000 of Petrocapita Income Trust shares you are expected to receive CA$416 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?
  • Petrocapita Income Trust's pays a higher dividend yield than the bottom 25% of dividend payers in Canada (2.02%).
  • Petrocapita Income Trust's dividend is above the markets top 25% of dividend payers in Canada (5.92%).
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
CNSX:PCE.UN 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 0 Analyst Estimates (S&P Global) See Below
Canada Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 37 Stocks 5%
Canada Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 3.6%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.9%

Industry and Market average data is calculated daily.

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

CNSX:PCE.UN Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2017-11-09 0.005 3.696

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

  • Whilst dividend payments have been stable, Petrocapita Income Trust has been paying a dividend for less than 10 years.
  • Petrocapita Income Trust has only been paying a dividend for 2 years, and since then there has been no growth.
Current Payout to shareholders
What portion of Petrocapita Income Trust's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Petrocapita Income Trust's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 Petrocapita Income Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Petrocapita Income Trust has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Petrocapita Income Trust'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
Richard Mellis
COMPENSATION CA$168,150
TENURE AS CEO 1.4 years
CEO Bio

Mr. Richard Mellis has been President and Chief Executive Officer of Petrocapita GP I Ltd, the Administrator of Petrocapita Income Trust since March 21, 2018. He was Vice President of Land & Environment at Petrocapita GP I Ltd, the Administrator of Petrocapita Income Trust since January 2014 and its Director since January 2014. Mr. Mellis has over 25 years of experience in the oil and gas industry. Mr. Mellis has been involved in numerous oil and gas acquisition and disposition transactions and drilling projects. Previous to Petrocapita, he worked in the land, environmental and regulatory departments of various oil and gas companies and trusts. Mr. Mellis has served as Vice President of land and environment for a number of junior oil and gas companies. He has been a Trustee of Petrocapita Income Trust since April 2015.

CEO Compensation
  • Richard's compensation has increased whilst company is loss making.
  • Richard's remuneration is lower than average for companies of similar size in Canada.
Management Team

Richard Mellis

TITLE
Trustee
COMPENSATION
CA$168K
TENURE
1.4 yrs

Greg Marr

TITLE
Trustee
COMPENSATION
CA$156K
TENURE
3.3 yrs

David Forrest

TITLE
COO - Petrocapita GP I Ltd and VP - Operations - Petrocapita GP I Ltd
COMPENSATION
CA$82K
AGE
47
Board of Directors Tenure

Average tenure of the Petrocapita Income Trust board of directors in years:

4.3
Average Tenure
  • The tenure for the Petrocapita Income Trust board of directors is about average.
Board of Directors

Richard Mellis

TITLE
Trustee
COMPENSATION
CA$168K
TENURE
4.3 yrs

Greg Marr

TITLE
Trustee
COMPENSATION
CA$156K
TENURE
4.3 yrs

Ben Van Rootselaar

TITLE
Trustee & Independent Director of Petrocapita GP I Ltd
COMPENSATION
CA$15K
TENURE
4.3 yrs
Who owns this company?
Recent Open Market Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
X
Management checks
We assess Petrocapita Income Trust'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. Petrocapita Income Trust 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.

News

Simply Wall St News

How Does Petrocapita Income Trust (CNSX:PCE.UN) Affect Your Portfolio Returns?

Generally, an investor should consider two types of risk that impact the market value of PCE.UN. … The second type is market risk, one that you cannot diversify away, since it arises from macroeconomic factors which directly affects all the stocks in the market. … Not all stocks are expose to the same level of market risk.

Simply Wall St -

Company Info

Description

Petrocapita Income Trust, a specified investment flow-through trust, focuses on acquiring and developing heavy oil production and infrastructure assets in the Lloydminster area of Alberta and Saskatchewan. As of June 1, 2018, the company owned and operated 426.3 net oil wells, 22 net gas wells, 19 produced water disposal facilities, 3 custom oil processing facilities, 3 natural gas compressor stations, and 72.75 kilometers of pipelines, as well as oil well service rigs, fluid haul tractors and trailers, motor graders, and well site processing equipment. Petrocapita Income Trust was founded in 2010 and is based in Calgary, Canada.

Details
Name: Petrocapita Income Trust
PCE.UN
Exchange: CNSX
Founded: 2010
CA$277,437
11,097,481
Website: http://www.petrocapita.com
Address: Petrocapita Income Trust
717-7th Avenue SW,
Suite 1400,
Calgary,
Alberta, T2P 0Z3,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
CNSX PCE.UN Common Units Canadian National Stock Exchange CA CAD 01. Dec 2015
Number of employees
Current staff
Staff numbers
0
Petrocapita Income Trust employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/08/05 01:06
End of day share price update: 2019/05/07 00:00
Last earnings filing: 2018/11/27
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


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.