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Bonavista Energy

TSX:BNP
Snowflake Description

Reasonable growth potential and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BNP
TSX
CA$31M
Market Cap
  1. Home
  2. CA
  3. Energy
Company description

Bonavista Energy Corporation acquires, develops, and holds interests in natural gas, natural gas liquids, and oil properties and assets in Western Canada. The last earnings update was 44 days ago. More info.


Add to Portfolio Compare Print
  • Bonavista Energy has significant price volatility in the past 3 months.
BNP Share Price and Events
7 Day Returns
16.7%
TSX:BNP
15.2%
CA Oil and Gas
11.4%
CA Market
1 Year Returns
-90.5%
TSX:BNP
-41.5%
CA Oil and Gas
-22%
CA Market
BNP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bonavista Energy (BNP) 16.7% -68.7% -81.3% -90.5% -97% -98.4%
CA Oil and Gas 15.2% -37.6% -42.4% -41.5% -49.8% -53.6%
CA Market 11.4% -22.2% -23.5% -22% -19.8% -13.3%
1 Year Return vs Industry and Market
  • BNP underperformed the Oil and Gas industry which returned -41.5% over the past year.
  • BNP underperformed the Market in Canada which returned -22% over the past year.
Price Volatility
BNP
Industry
5yr Volatility vs Market

BNP Value

 Is Bonavista Energy 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 Bonavista Energy 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 Bonavista Energy.

TSX:BNP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.3%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.4%

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 TSX:BNP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.4%
Equity Risk Premium S&P Global 5.4%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.83
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.825 (1 + (1- 26.5%) (2639.44%))
11.612
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.44% + (2 * 5.44%)
12.32%

Discounted Cash Flow Calculation for TSX:BNP using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Bonavista Energy is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

TSX:BNP DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 12.32%)
2020 19.25 Analyst x4 17.14
2021 -12.00 Analyst x4 -9.51
2022 34.00 Analyst x1 23.99
2023 41.00 Analyst x1 25.76
2024 46.11 Est @ 12.46% 25.79
2025 50.33 Est @ 9.15% 25.07
2026 53.77 Est @ 6.84% 23.84
2027 56.58 Est @ 5.22% 22.34
2028 58.89 Est @ 4.09% 20.70
2029 60.83 Est @ 3.29% 19.03
Present value of next 10 years cash flows CA$194.00
TSX:BNP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CA$60.83 × (1 + 1.44%) ÷ (12.32% – 1.44%)
CA$567.15
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$567.15 ÷ (1 + 12.32%)10
CA$177.47
TSX:BNP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$194.00 + CA$177.47
CA$371.47
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$371.47 / 266.79
CA$1.39
TSX:BNP Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$1.39
Current discount Discount to share price of CA$0.11
= -1 x (CA$0.11 - CA$1.39) / CA$1.39
92.5%

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

Current Discount
Amount off the current price Bonavista Energy is available for.
Intrinsic value
>50%
Share price is CA$0.11 vs Future cash flow value of CA$1.39
Current Discount Checks
For Bonavista Energy to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Bonavista Energy's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Bonavista Energy's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Bonavista Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bonavista Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:BNP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CAD CA$-1.48
TSX:BNP Share Price ** TSX (2020-03-27) in CAD CA$0.11
Canada Oil and Gas Industry PE Ratio Median Figure of 55 Publicly-Listed Oil and Gas Companies 6.35x
Canada Market PE Ratio Median Figure of 499 Publicly-Listed Companies 10.74x

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

** Primary Listing of Bonavista Energy.

TSX:BNP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:BNP Share Price ÷ EPS (both in CAD)

= 0.11 ÷ -1.48

-0.07x

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

  • Bonavista Energy is loss making, we can't compare its value to the CA Oil and Gas industry average.
  • Bonavista Energy is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Bonavista Energy's expected growth come at a high price?
Raw Data
TSX:BNP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.07x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
Not available
Canada Oil and Gas Industry PEG Ratio Median Figure of 29 Publicly-Listed Oil and Gas Companies -0.04x
Canada Market PEG Ratio Median Figure of 234 Publicly-Listed Companies 0.69x

*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 Bonavista Energy, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Bonavista Energy's assets?
Raw Data
TSX:BNP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CAD CA$4.41
TSX:BNP Share Price * TSX (2020-03-27) in CAD CA$0.11
Canada Oil and Gas Industry PB Ratio Median Figure of 198 Publicly-Listed Oil and Gas Companies 0.38x
Canada Market PB Ratio Median Figure of 2,352 Publicly-Listed Companies 1x
TSX:BNP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:BNP Share Price ÷ Book Value per Share (both in CAD)

= 0.11 ÷ 4.41

0.02x

* Primary Listing of Bonavista Energy.

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

  • Bonavista Energy is good value based on assets compared to the CA Oil and Gas industry average.
X
Value checks
We assess Bonavista Energy'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. Bonavista Energy has a total score of 3/6, 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.

BNP Future Performance

 How is Bonavista Energy expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

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
93.6%
Expected annual growth in earnings per share.
Earnings growth vs Low Risk Savings
Is Bonavista Energy expected to grow at an attractive rate?
  • Bonavista Energy's earnings growth is expected to exceed the low risk savings rate of 1.4%.
Growth vs Market Checks
  • Bonavista Energy's earnings growth is expected to exceed the Canada market average.
  • Bonavista Energy's revenue growth is expected to exceed the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSX:BNP Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:BNP Future Earnings per Share Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 93.6%
TSX:BNP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 6.5%
Canada Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average -3.9%
Canada Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1%
Canada Market Earnings Growth Rate Market Cap Weighted Average 7.7%
Canada Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*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
TSX:BNP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:BNP Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 216
2022-12-31 209
2021-12-31 408 131 3
2020-12-31 399 126 3
2020-03-28
TSX:BNP Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-12-31 355 196 -390
2019-09-30 379 225 -265
2019-06-30 432 262 25
2019-03-31 467 270 -26
2018-12-31 481 291 12
2018-09-30 501 308 -229
2018-06-30 492 310 -212
2018-03-31 508 325 -118
2017-12-31 511 326 -28
2017-09-30 501 302 119
2017-06-30 489 279 92
2017-03-31 443 272 -54

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Bonavista Energy's earnings are expected to grow significantly at over 20% yearly.
  • Bonavista Energy's revenue is expected to grow by 6.5% yearly, however this is not considered high growth (20% yearly).
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
TSX:BNP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Bonavista Energy Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:BNP Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 -0.20 -0.01 -0.29 4.00
2020-12-31 -0.22 -0.06 -0.32 4.00
2020-03-28
TSX:BNP Past Financials Data
Date (Data in CAD Millions) EPS *
2019-12-31 -1.48
2019-09-30 -1.01
2019-06-30 0.10
2019-03-31 -0.10
2018-12-31 0.05
2018-09-30 -0.89
2018-06-30 -0.83
2018-03-31 -0.46
2017-12-31 -0.11
2017-09-30 0.47
2017-06-30 0.36
2017-03-31 -0.22

*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 Bonavista Energy will efficiently use shareholders’ funds in the future (Return on Equity greater than 20%) as it is not expected to be profitable.
X
Future performance checks
We assess Bonavista Energy'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.
Bonavista Energy has a total score of 4/6, 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.

BNP Past Performance

  How has Bonavista Energy performed over the past 5 years?

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 Bonavista Energy'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.
  • Bonavista Energy does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Bonavista Energy's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Bonavista Energy's 1-year growth to the CA Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Bonavista Energy'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 Bonavista Energy Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:BNP Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 355.03 -390.00 30.54
2019-09-30 379.17 -264.57 31.04
2019-06-30 432.47 25.11 31.90
2019-03-31 466.65 -26.28 32.03
2018-12-31 480.61 11.82 34.67
2018-09-30 500.97 -228.56 36.96
2018-06-30 492.22 -212.45 37.63
2018-03-31 507.96 -118.40 41.00
2017-12-31 511.33 -27.93 40.45
2017-09-30 501.28 119.20 40.02
2017-06-30 488.92 91.51 40.92
2017-03-31 442.76 -53.99 37.21
2016-12-31 408.53 -96.00 36.13
2016-09-30 405.33 -538.59 38.30
2016-06-30 440.88 -725.39 41.40
2016-03-31 493.78 -626.26 46.02
2015-12-31 545.80 -751.55 49.65
2015-09-30 637.21 -357.91 49.16
2015-06-30 731.60 -117.53 51.19
2015-03-31 846.34 -29.08 51.74
2014-12-31 970.76 4.85 52.46
2014-09-30 968.84 72.49 55.92
2014-06-30 952.27 71.26 55.29
2014-03-31 914.51 7.79 55.22
2013-12-31 839.82 49.51 54.67
2013-09-30 817.83 57.28 54.43
2013-06-30 765.36 36.81 53.76
2013-03-31 713.18 17.26 50.68

*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 Bonavista Energy has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Bonavista Energy 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 Bonavista Energy 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 Bonavista Energy'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.
Bonavista Energy 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.

BNP Health

 How is Bonavista Energy'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 Bonavista Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Bonavista Energy's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Bonavista Energy's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Bonavista Energy'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.
  • Debt is not covered by short term assets, assets are 0.1x debt.
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 Bonavista Energy Company Filings, last reported 2 months ago.

TSX:BNP Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,169.76 805.77
2019-09-30 1,212.18 766.57
2019-06-30 1,518.21 799.52
2019-03-31 1,512.87 781.17
2018-12-31 1,552.18 801.63
2018-09-30 1,471.68 760.23
2018-06-30 1,490.46 809.10
2018-03-31 1,539.07 802.39
2017-12-31 1,539.46 800.54
2017-09-30 1,698.49 833.91 39.55
2017-06-30 1,699.90 866.89 32.04
2017-03-31 1,652.72 921.73 91.04
2016-12-31 1,560.24 930.22 85.98
2016-09-30 1,572.18 952.79
2016-06-30 1,601.17 1,067.02
2016-03-31 1,591.04 1,204.99 0.12
2015-12-31 1,548.27 1,265.63
2015-09-30 2,010.03 1,246.04 0.22
2015-06-30 2,244.42 1,196.80 0.53
2015-03-31 2,262.23 1,194.07 0.27
2014-12-31 2,357.71 1,039.67 0.81
2014-09-30 2,458.32 1,011.19 1.93
2014-06-30 2,274.59 1,009.00 2.08
2014-03-31 2,209.46 1,009.20 1.95
2013-12-31 2,270.02 1,046.18 2.65
2013-09-30 2,281.48 977.11 2.56
2013-06-30 2,275.33 1,005.55 1.61
2013-03-31 2,269.23 975.62 1.95
  • Bonavista Energy's level of debt (68.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (44.2% vs 68.9% today).
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.

  • Information is not available.
  • Unable to confirm if Bonavista Energy has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess Bonavista Energy'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. Bonavista Energy 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.

BNP Dividends

 What is Bonavista Energy'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
0%
Current annual income from Bonavista Energy dividends. Estimated to be 0% next year.
If you bought CA$2,000 of Bonavista Energy shares you are expected to receive CA$0 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?
  • Unable to evaluate Bonavista Energy's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Bonavista Energy's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
TSX:BNP 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 3 Analyst Estimates (S&P Global) See Below
Canada Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 37 Stocks 8%
Canada Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 4.7%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.3%
Canada Bottom 25% Dividend Yield 25th Percentile 2.7%
Canada Top 25% Dividend Yield 75th Percentile 8.5%

Industry and Market average data is calculated daily.

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

TSX:BNP Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.00 1.00
2022-12-31 0.00 1.00
2021-12-31 0.00 8.00
2020-12-31 0.00 10.00
2020-03-28
TSX:BNP Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2020-02-13 0.000 0.000
2019-11-05 0.000 0.000
2019-08-01 0.000 0.000
2019-03-15 0.040 6.130
2018-12-17 0.040 3.351
2018-11-01 0.040 3.149
2018-09-17 0.040 2.948
2018-06-15 0.040 2.732
2018-03-15 0.040 2.796
2017-12-15 0.040 2.505
2017-09-15 0.040 1.578
2017-06-15 0.040 1.444
2017-03-15 0.040 1.317
2016-12-15 0.040 0.919
2016-09-15 0.040 0.913
2016-07-26 0.040 1.065
2016-06-15 0.120 3.511
2016-03-15 0.120 4.116
2016-02-17 0.120 5.022
2016-01-15 0.120 7.964
2015-12-15 0.120 7.609
2015-11-16 0.120 5.528
2015-10-16 0.420 14.024
2015-09-15 0.420 11.854
2015-08-14 0.420 11.521
2015-07-15 0.420 8.380
2015-06-15 0.420 6.163
2015-05-15 0.420 5.395
2015-04-15 0.420 5.198
2015-03-16 0.420 6.340
2015-02-17 0.420 6.095
2014-12-16 0.420 6.153
2014-12-15 0.840 12.140
2014-11-17 0.840 9.219
2014-10-15 0.840 7.789
2014-09-15 0.840 6.704
2014-08-15 0.840 5.950
2014-07-15 0.840 5.909
2014-06-16 0.840 5.247
2014-05-16 0.840 5.115
2014-04-15 0.840 4.934
2014-03-17 0.840 5.118
2014-02-14 0.840 5.341
2014-01-15 0.840 5.671
2013-12-16 0.840 6.001
2013-11-18 0.805 6.014
2013-10-17 0.840 6.824
2013-09-16 0.840 6.515
2013-08-15 0.840 6.452
2013-07-15 0.840 6.301
2013-06-17 0.840 6.005
2013-05-15 0.840 5.316
2013-04-15 0.840 5.395
2013-03-15 0.840 5.700
2013-02-15 0.840 6.381
2013-01-09 0.840 6.158
2012-12-17 1.440 9.955
2012-10-15 1.440 8.745
2012-09-18 1.440 8.169
2012-08-15 1.440 8.580
2012-07-16 1.440 8.340
2012-06-15 1.440 9.330
2012-05-16 1.440 8.418
2012-04-16 1.440 8.163
2012-03-15 1.440 7.485
2012-02-15 1.440 6.606
2012-01-16 1.440 6.323
2011-12-13 1.440 5.610
2011-11-16 1.440 5.541
2011-10-17 1.440 5.578
2011-07-14 1.440 5.751
2011-04-14 1.440 5.089
2011-01-13 1.440 4.874
2010-10-14 1.920 7.033
2010-07-15 1.920 8.034
2010-06-15 1.920 8.062
2010-05-18 1.920 8.099
2010-04-15 1.920 7.920
2010-01-15 1.920 7.998
2009-10-15 1.920 8.767
2009-07-16 1.920 10.221
2009-04-15 1.920 10.473

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

  • Unable to perform a dividend volatility check as Bonavista Energy has not reported any payouts.
  • Unable to verify if Bonavista Energy's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Bonavista Energy's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Bonavista Energy has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Bonavista Energy's dividends in 3 years as they are not expected to pay a notable one for Canada.
X
Income/ dividend checks
We assess Bonavista Energy's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - 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 Bonavista Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bonavista Energy has a total score of 0/6, see the detailed checks below.


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

BNP Management

 What is the CEO of Bonavista Energy'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
Jason Skehar
COMPENSATION CA$1,604,430
AGE 46
TENURE AS CEO 7.3 years
CEO Bio

Mr. Jason Edward Skehar has been Director at Step Energy Services Ltd since June 22, 2012. He has been the Chief Executive Officer and President of Bonavista Energy Corporation (formerly, Bonavista Energy Trust and Bonavista Petroleum Ltd.) since December 03, 2012 and November 06, 2008, respectively and served as its President and Chief Operating Officer from November 06, 2008 to December 03, 2012. He has over 22 years of experience in the oil and gas industry Mr. Skehar is responsible for overseeing all Bonavista's production, completion and construction operations. He joined the Bonavista team in November 1999 as a Production Engineer. Mr. Skehar served as the Vice President of Production since January 2005 and Production Manager since January 2003 at Bonavista Energy Corporation. He started his career in 1994 as Operations Engineer at Fletcher Challenge and prior to joining Bonavista, held both production and exploitation positions at Renaissance Energy and Probe Exploration. He has over 18 years of E&P experience. He has been a Director of Bonavista Energy Corporation since May 2013. Mr. Skehar graduated from the University of Saskatchewan in 1994 with Bachelor of Science Degree in Mechanical Engineering and is a member of the Association of Professional Engineers, Geologists and Geophysicists of Alberta.

CEO Compensation
  • Jason's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Jason's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the Bonavista Energy management team in years:

6.3
Average Tenure
  • The average tenure for the Bonavista Energy management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Jason Skehar

TITLE
President
COMPENSATION
CA$2M
AGE
46
TENURE
7.3 yrs

Dean Kobelka

TITLE
VP of Finance & CFO
COMPENSATION
CA$1M
TENURE
4.8 yrs

Bruce Jensen

TITLE
Chief Operating Officer
COMPENSATION
CA$1M
TENURE
5.4 yrs

Lynda Robinson

TITLE
Vice President of Human Resources & Administration
COMPENSATION
CA$1M
TENURE
14.2 yrs

Grant Zawalsky

TITLE
Corporate Secretary
AGE
59
Board of Directors Tenure

Average tenure and age of the Bonavista Energy board of directors in years:

6.8
Average Tenure
59
Average Age
  • The tenure for the Bonavista Energy board of directors is about average.
Board of Directors

Keith A. MacPhail

TITLE
Non-Executive Chairman of the Board
COMPENSATION
CA$156K
AGE
62
TENURE
12.2 yrs

Jason Skehar

TITLE
President
COMPENSATION
CA$2M
AGE
46
TENURE
6.8 yrs

Ron Poelzer

TITLE
Independent Vice Chairman of the Board
COMPENSATION
CA$155K
AGE
57
TENURE
11.8 yrs

Ian Brown

TITLE
Independent Director
COMPENSATION
CA$138K
AGE
61
TENURE
15.8 yrs

David Carey

TITLE
Lead Director
COMPENSATION
CA$108K
AGE
61
TENURE
1.2 yrs

Chris Slubicki

TITLE
Independent Director
COMPENSATION
CA$127K
AGE
60
TENURE
12.8 yrs

Theresa Jang

TITLE
Independent Director
COMPENSATION
CA$114K
AGE
54
TENURE
2.3 yrs

Mary Hemmingsen

TITLE
Independent Director
AGE
54
TENURE
1.2 yrs

George Armoyan

TITLE
Independent Director
AGE
59
TENURE
0.3 yrs
Who owns this company?
Recent 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$) Value (CA$)
21. Feb 20 Buy G2S2 Capital Inc. Company 21. Feb 20 21. Feb 20 1,251,300 CA$0.46 CA$569,342
21. Feb 20 Sell Clarke Inc. Company 21. Feb 20 21. Feb 20 -1,251,300 CA$0.46 CA$-569,342
12. Oct 19 Buy G2S2 Capital Inc. Company 09. Oct 19 11. Oct 19 368,000 CA$0.48 CA$166,137
28. Aug 19 Buy G2S2 Capital Inc. Company 28. Aug 19 28. Aug 19 6,126,600 CA$0.50 CA$3,063,296
27. Aug 19 Buy G2S2 Capital Inc. Company 26. Aug 19 26. Aug 19 2,000,000 CA$0.50 CA$1,000,001
26. Aug 19 Buy G2S2 Capital Inc. Company 23. Aug 19 23. Aug 19 500 CA$0.50 CA$248
23. Aug 19 Buy G2S2 Capital Inc. Company 23. Aug 19 23. Aug 19 177,000 CA$0.50 CA$88,030
22. Aug 19 Buy G2S2 Capital Inc. Company 22. Aug 19 22. Aug 19 120,500 CA$0.50 CA$60,238
19. Aug 19 Buy G2S2 Capital Inc. Company 14. Aug 19 16. Aug 19 1,033,500 CA$0.51 CA$497,685
13. Aug 19 Buy G2S2 Capital Inc. Company 12. Aug 19 12. Aug 19 1,545,000 CA$0.47 CA$721,469
12. Aug 19 Buy G2S2 Capital Inc. Company 08. Aug 19 09. Aug 19 1,141,000 CA$0.47 CA$508,098
07. Aug 19 Buy G2S2 Capital Inc. Company 06. Aug 19 06. Aug 19 5,600,000 CA$0.50 CA$2,800,002
10. Jun 19 Buy Jason Skehar Individual 05. Jun 19 05. Jun 19 25,000 CA$0.56 CA$14,000
06. Jun 19 Buy David Carey Individual 05. Jun 19 05. Jun 19 10,000 CA$0.56 CA$5,600
X
Management checks
We assess Bonavista Energy'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. Bonavista Energy 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.

BNP News

Simply Wall St News

Why We’re Not Keen On Bonavista Energy Corporation’s (TSE:BNP) 3.0% Return On Capital

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Bonavista Energy: 0.03 = CA$83m ÷ (CA$2.9b - CA$143m) (Based on the trailing twelve months to June 2019.) So, Bonavista Energy has an ROCE of 3.0%. … How Bonavista Energy's Current Liabilities Impact Its ROCE Short term (or current) liabilities, are things like supplier invoices, overdrafts, or tax bills that need to be paid within 12 months. … Bonavista Energy has a low level of current liabilities, which have a negligible impact on its already low ROCE.

Simply Wall St -

What Percentage Of Bonavista Energy Corporation (TSE:BNP) Shares Do Insiders Own?

With a market capitalization of CA$113m, Bonavista Energy is a small cap stock, so it might not be well known by many institutional investors. … Check out our latest analysis for Bonavista Energy TSX:BNP Ownership Summary, July 17th 2019 What Does The Institutional Ownership Tell Us About Bonavista Energy? … General Public Ownership The general public, who are mostly retail investors, collectively hold 55% of Bonavista Energy shares.

Simply Wall St -

Is Bonavista Energy Corporation's (TSE:BNP) CEO Pay Fair?

Our data indicates that Bonavista Energy Corporation is worth CA$128m, and total annual CEO compensation is CA$1.6m. … Given the total loss of 84% over three years, many shareholders in Bonavista Energy Corporation are probably rather dissatisfied, to say the least. … We examined the amount Bonavista Energy Corporation pays its CEO, and compared it to the amount paid by similar sized companies.

Simply Wall St -

A Look At The Intrinsic Value Of Bonavista Energy Corporation (TSE:BNP)

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Bonavista Energy Corporation (TSE:BNP) as an investment opportunity by taking the expected future cash flows and discounting them to their present value. … A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we discount the value of these future cash flows to their estimated value in today's dollars: 10-year free cash flow (FCF) estimate 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF (CA$, Millions) CA$65.50 CA$52.00 CA$41.00 CA$26.00 CA$21.04 CA$18.36 CA$16.82 CA$15.94 CA$15.45 CA$15.20 Growth Rate Estimate Source Analyst x2 Analyst x2 Analyst x1 Analyst x1 Est @ -19.07% Est @ -12.76% Est @ -8.35% Est @ -5.26% Est @ -3.1% Est @ -1.58% Present Value (CA$, Millions) Discounted @ 13.87% CA$57.52 CA$40.11 CA$27.77 CA$15.47 CA$10.99 CA$8.42 CA$6.78 CA$5.64 CA$4.80 CA$4.15 Present Value of 10-year Cash Flow (PVCF)= CA$181.65m "Est" = FCF growth rate estimated by Simply Wall St The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. … Terminal Value (TV) = FCF2029 × (1 + g) ÷ (r – g) = CA$15m × (1 + 1.9%) ÷ (13.9% – 1.9%) = CA$130m Present Value of Terminal Value (PVTV) = TV / (1 + r)10 = CA$CA$130m ÷ ( 1 + 13.9%)10 = CA$35.48m The total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is CA$217.13m.

Simply Wall St -

Here's What You Should Know About Bonavista Energy Corporation's (TSE:BNP) 3.5% Dividend Yield

Dividend paying stocks like Bonavista Energy Corporation (TSE:BNP) tend to be popular with investors, and for good reason - some research shows that a significant amount of all stock market returns come from reinvested dividends.. … Yet sometimes, investors buy a stock for its dividend and lose money because the share price falls by more than they earned in dividend payments.. … Before you buy any stock for its dividend however, you should always remember Warren Buffett's two rules: 1) Don't lose money, and 2) Remember rule #1

Simply Wall St -

Is It Worth Considering Bonavista Energy Corporation (TSE:BNP) For Its Upcoming Dividend?

Have you been keeping an eye on Bonavista Energy Corporation's (TSE:BNP) upcoming dividend of CA$0.01 per share payable on the 15 April 2019? … Well, keep on reading because today, I'm going to look at the latest data and analyze the stock and its dividend property in further detail. … Has it paid dividend every year without dramatically reducing payout in the past?

Simply Wall St -

Should Bonavista Energy Corporation’s (TSE:BNP) Weak Investment Returns Worry You?

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Does Bonavista Energy Corporation's (TSE:BNP) CEO Pay Reflect Performance?

Jason Skehar became the CEO of Bonavista Energy Corporation (TSE:BNP) in 2012. … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Jason Skehar's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Have Insiders Been Buying Bonavista Energy Corporation (TSE:BNP) Shares?

So before you buy or sell Bonavista Energy Corporation (TSE:BNP), you may well want to know whether insiders have been buying or selling. … The Last 12 Months Of Insider Transactions At Bonavista Energy. … In the last twelve months there was more buying than selling by Bonavista Energy insiders

Simply Wall St -

Is Bonavista Energy Corporation (TSE:BNP) A Top Dividend Stock?

Historically, Bonavista Energy Corporation (TSE:BNP) has paid dividends to shareholders, and these days it yields 3.1%. … Does Bonavista Energy tick all the boxes of a great dividend stock? … Check out our latest analysis for Bonavista Energy

Simply Wall St -

BNP Company Info

Description

Bonavista Energy Corporation acquires, develops, and holds interests in natural gas, natural gas liquids, and oil properties and assets in Western Canada. The company was founded in 1997 and is headquartered in Calgary, Canada.

Details
Name: Bonavista Energy Corporation
BNP
Exchange: TSX
Founded: 1997
CA$30,680,542
266,787,324
Website: http://www.bonavistaenergy.com
Address: Bonavista Energy Corporation
1500, 525 – 8th Avenue SW,
Calgary,
Alberta, T2P 1G1,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX BNP Common Shares The Toronto Stock Exchange CA CAD 20. Sep 1988
OTCPK BNPU.F Common Shares Pink Sheets LLC US USD 20. Sep 1988
DB BV2 Common Shares Deutsche Boerse AG DE EUR 20. Sep 1988
Number of employees
Current staff
Staff numbers
199
Bonavista Energy employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/28 03:00
End of day share price update: 2020/03/27 00:00
Last estimates confirmation: 2020/03/27
Last earnings filing: 2020/02/13
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.