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Canacol Energy

TSX:CNE
Snowflake Description

High growth potential with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CNE
TSX
CA$652M
Market Cap
  1. Home
  2. CA
  3. Energy
Company description

Canacol Energy Ltd. primarily explores for, develops, and produces petroleum and natural gas in Colombia. The last earnings update was 19 days ago. More info.


Add to Portfolio Compare Print
  • Canacol Energy has significant price volatility in the past 3 months.
CNE Share Price and Events
7 Day Returns
2.3%
TSX:CNE
12.6%
CA Oil and Gas
2.5%
CA Market
1 Year Returns
-18.6%
TSX:CNE
-41.1%
CA Oil and Gas
-24.8%
CA Market
CNE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Canacol Energy (CNE) 2.3% -13.5% -21.7% -18.6% -9.1% 12.5%
CA Oil and Gas 12.6% -31.9% -40.6% -41.1% -48.9% -53.7%
CA Market 2.5% -20.8% -24.7% -24.8% -22.2% -17%
1 Year Return vs Industry and Market
  • CNE outperformed the Oil and Gas industry which returned -41.1% over the past year.
  • CNE outperformed the Market in Canada which returned -24.8% over the past year.
Price Volatility
CNE
Industry
5yr Volatility vs Market

CNE Value

 Is Canacol 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 Canacol 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 Canacol Energy.

TSX:CNE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8%
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:CNE
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))
= 0.83 (1 + (1- 26.5%) (79.91%))
1.213
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.21
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.44% + (1.213 * 5.44%)
8.04%

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

The calculations below outline how an intrinsic value for Canacol 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:CNE DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.04%)
2020 57.58 Analyst x2 53.29
2021 55.90 Analyst x2 47.90
2022 43.11 Analyst x1 34.19
2023 43.11 Analyst x1 31.64
2024 43.29 Est @ 0.43% 29.41
2025 43.61 Est @ 0.73% 27.43
2026 44.03 Est @ 0.95% 25.63
2027 44.51 Est @ 1.09% 23.98
2028 45.04 Est @ 1.2% 22.46
2029 45.61 Est @ 1.27% 21.05
Present value of next 10 years cash flows $316.00
TSX:CNE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $45.61 × (1 + 1.44%) ÷ (8.04% – 1.44%)
$701.29
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $701.29 ÷ (1 + 8.04%)10
$323.70
TSX:CNE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $316.00 + $323.70
$639.70
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $639.70 / 181.12
$3.53
TSX:CNE Discount to Share Price
Calculation Result
Exchange Rate USD/CAD
(Reporting currency to currency of TSX:CNE)
1.413
Value per Share
(CAD)
= Value per Share in USD x Exchange Rate (USD/CAD)
= $3.53 x 1.413
CA$4.99
Value per share (CAD) From above. CA$4.99
Current discount Discount to share price of CA$3.60
= -1 x (CA$3.60 - CA$4.99) / CA$4.99
27.9%

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

Current Discount
Amount off the current price Canacol Energy is available for.
Intrinsic value
28%
Share price is CA$3.6 vs Future cash flow value of CA$4.99
Current Discount Checks
For Canacol Energy to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Canacol Energy's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Canacol Energy's share price is below the future cash flow value, but not 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 Canacol Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Canacol Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:CNE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $0.19
TSX:CNE Share Price ** TSX (2020-04-03) in CAD CA$3.6
TSX:CNE Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.708 $2.55
Canada Oil and Gas Industry PE Ratio Median Figure of 53 Publicly-Listed Oil and Gas Companies 6.35x
Canada Market PE Ratio Median Figure of 497 Publicly-Listed Companies 10.31x

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

** Primary Listing of Canacol Energy.

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

= TSX:CNE Share Price ÷ EPS (both in USD)

= 2.55 ÷ 0.19

13.26x

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

  • Canacol Energy is overvalued based on earnings compared to the CA Oil and Gas industry average.
  • Canacol Energy is overvalued based on earnings compared to the Canada market.
Price based on expected Growth
Does Canacol Energy's expected growth come at a high price?
Raw Data
TSX:CNE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.26x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
42.1%per year
Canada Oil and Gas Industry PEG Ratio Median Figure of 29 Publicly-Listed Oil and Gas Companies -0.06x
Canada Market PEG Ratio Median Figure of 233 Publicly-Listed Companies 0.68x

*Line of best fit is calculated by linear regression .

TSX:CNE PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.26x ÷ 42.1%

0.32x

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

  • Canacol Energy is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Canacol Energy's assets?
Raw Data
TSX:CNE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $1.35
TSX:CNE Share Price * TSX (2020-04-03) in CAD CA$3.6
TSX:CNE Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.708 $2.55
Canada Oil and Gas Industry PB Ratio Median Figure of 197 Publicly-Listed Oil and Gas Companies 0.43x
Canada Market PB Ratio Median Figure of 2,360 Publicly-Listed Companies 0.99x
TSX:CNE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:CNE Share Price ÷ Book Value per Share (both in USD)

= 2.55 ÷ 1.35

1.89x

* Primary Listing of Canacol Energy.

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

  • Canacol Energy is overvalued based on assets compared to the CA Oil and Gas industry average.
X
Value checks
We assess Canacol 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. Canacol Energy has a total score of 2/6, 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.

CNE Future Performance

 How is Canacol Energy expected to perform in the next 1 to 3 years based on estimates from 5 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
42.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Canacol Energy expected to grow at an attractive rate?
  • Canacol Energy's earnings growth is expected to exceed the low risk savings rate of 1.4%.
Growth vs Market Checks
  • Canacol Energy's earnings growth is expected to exceed the Canada market average.
  • Canacol Energy's revenue growth is expected to exceed the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSX:CNE Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:CNE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 42.1%
TSX:CNE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 17.9%
Canada Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average -18.8%
Canada Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average -1.4%
Canada Market Earnings Growth Rate Market Cap Weighted Average 5.1%
Canada Market Revenue Growth Rate Market Cap Weighted Average 3.4%

*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:CNE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:CNE Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 196
2022-12-31 197
2021-12-31 353 191 92 5
2020-12-31 333 196 80 4
2020-04-06
TSX:CNE Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 242 108 34
2019-09-30 219 90 -7
2019-06-30 214 89 4
2019-03-31 222 99 -24
2018-12-31 222 94 -22
2018-09-30 210 100 -156
2018-06-30 189 76 -170
2018-03-31 169 68 -132
2017-12-31 159 65 -148
2017-09-30 159 71 23
2017-06-30 165 81 16
2017-03-31 167 84 15

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Canacol Energy's earnings are expected to grow significantly at over 20% yearly.
  • Canacol Energy's revenue is expected to grow by 17.9% 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:CNE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Canacol Energy Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:CNE Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.61 0.61 0.61 2.00
2020-12-31 0.83 1.08 0.59 2.00
2020-04-06
TSX:CNE Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 0.19
2019-09-30 -0.04
2019-06-30 0.02
2019-03-31 -0.13
2018-12-31 -0.12
2018-09-30 -0.88
2018-06-30 -0.96
2018-03-31 -0.75
2017-12-31 -0.85
2017-09-30 0.13
2017-06-30 0.09
2017-03-31 0.09

*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.
  • Canacol Energy is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Canacol 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.
Canacol Energy has a total score of 5/6, 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.

CNE Past Performance

  How has Canacol 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 Canacol 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.
  • Canacol Energy's year on year earnings growth rate has been positive over the past 5 years.
  • Canacol Energy has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Canacol Energy has become profitable in the last year making it difficult to compare the CA Oil and Gas industry average.
Earnings and Revenue History
Canacol 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 Canacol Energy Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:CNE Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 242.08 34.25 36.89
2019-09-30 218.82 -7.46 35.34
2019-06-30 214.31 4.02 35.11
2019-03-31 221.58 -23.84 36.64
2018-12-31 222.41 -21.84 36.60
2018-09-30 210.18 -155.91 37.36
2018-06-30 189.00 -169.56 35.90
2018-03-31 169.08 -131.81 35.41
2017-12-31 158.91 -148.03 37.80
2017-09-30 158.78 22.65 37.72
2017-06-30 165.23 15.77 38.99
2017-03-31 166.87 15.24 37.35
2016-12-31 147.99 23.65 32.21
2016-09-30 123.42 -81.16 33.17
2016-06-30 100.99 -91.79 31.23
2016-03-31 89.36 -161.55 31.67
2015-12-31 93.09 -177.65 30.51
2015-09-30 112.09 -139.16 28.73
2015-06-30 149.05 -106.02 29.34
2015-03-31 183.49 -49.57 40.14
2014-12-31 212.72 -14.49 41.68
2014-09-30 218.48 21.07 41.28
2014-06-30 207.79 9.94 39.85
2014-03-31 185.00 -107.04 33.86
2013-12-31 163.95 -129.90 33.21
2013-09-30 147.98 -117.67 30.48
2013-06-30 141.35 -127.81 30.75

*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.
  • Canacol Energy has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Canacol Energy used its assets more efficiently than the CA Oil and Gas industry average last year based on Return on Assets.
  • Canacol Energy has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Canacol 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.
Canacol Energy has a total score of 3/6, 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.

CNE Health

 How is Canacol 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 Canacol Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Canacol Energy is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Canacol Energy's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Canacol 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 0.4x 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 Canacol Energy Company Filings, last reported 3 months ago.

TSX:CNE Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 242.75 341.59 43.07
2019-09-30 220.62 341.11 34.59
2019-06-30 215.03 340.63 29.99
2019-03-31 212.48 340.15 41.31
2018-12-31 205.44 339.68 53.10
2018-09-30 221.69 310.71 58.47
2018-06-30 227.66 310.36 55.23
2018-03-31 251.51 295.56 72.07
2017-12-31 239.14 294.59 55.71
2017-09-30 388.67 294.35 39.25
2017-06-30 385.61 273.94 38.09
2017-03-31 371.82 254.49 44.78
2016-12-31 376.39 250.64 68.98
2016-09-30 351.47 250.04 64.80
2016-06-30 320.20 249.44 28.04
2016-03-31 304.99 248.85 33.02
2015-12-31 303.29 248.23 46.06
2015-09-30 350.82 247.64 51.24
2015-06-30 341.64 267.02 48.47
2015-03-31 382.80 251.08 47.14
2014-12-31 372.32 266.47 127.20
2014-09-30 416.78 235.17 140.84
2014-06-30 400.29 236.08 168.98
2014-03-31 276.76 159.92 35.70
2013-12-31 233.77 159.55 56.47
2013-09-30 243.21 159.60 61.62
2013-06-30 239.30 156.41 52.29
  • Canacol Energy's level of debt (140.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (71.5% vs 140.7% today).
  • Debt is well covered by operating cash flow (31.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.4x coverage).
X
Financial health checks
We assess Canacol 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. Canacol Energy has a total score of 3/6, 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.

CNE Dividends

 What is Canacol 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
5.61%
Current annual income from Canacol Energy dividends. Estimated to be 7.93% next year.
If you bought CA$2,000 of Canacol Energy shares you are expected to receive CA$112 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?
  • Canacol Energy's pays a higher dividend yield than the bottom 25% of dividend payers in Canada (2.75%).
  • Canacol Energy's dividend is below the markets top 25% of dividend payers in Canada (8.52%).
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:CNE 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 5 Analyst Estimates (S&P Global) See Below
Canada Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 37 Stocks 7.6%
Canada Market Average Dividend Yield Market Cap Weighted Average of 324 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:CNE Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.16 1.00
2022-12-31 0.16 1.00
2021-12-31 0.22 3.00
2020-12-31 0.22 3.00
2020-04-06
TSX:CNE Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-03-19 0.143 5.870
2019-11-07 0.143 4.804

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

  • It is too early to tell whether Canacol Energy has stable dividend payments.
  • Canacol Energy only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Canacol Energy's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.9x coverage).
X
Income/ dividend checks
We assess Canacol 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 Canacol Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Canacol Energy has a total score of 3/6, see the detailed checks below.


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

CNE Management

 What is the CEO of Canacol 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
Charle Gamba
COMPENSATION $1,769,833
AGE 55
TENURE AS CEO 11.5 years
CEO Bio

Dr. Charle A. Gamba, B.Sc., MSc., Ph.D. has been Chief Executive Officer and President of Canacol Energy Ltd. since October 30, 2008. Dr. Gamba founded Canacol Energy Ltd. in 2008. He served a variety of technical and management roles with major and mid-sized international oil companies, with the majority of his professional career focused on E&P in South America. He is a Senior Executive with almost 20 years working experience in the USA and international upstream oil and gas industry. He has expert knowledge of the California producing basins and a proven record of discovery and commercial development of both light and heavy oils and in business development. He has considerable expertise in the establishment and growth of public oil and gas companies listed on Canadian stock exchanges. Dr. Gamba served as Vice President of Exploration at Occidental Oil & Gas Company from 2004 to 2006. In his 7 years with Occidental, he worked in Ecuador, Qatar, Colombia and the United States in a variety of technical management roles. He worked for Alberta Energy Company in Argentina and Ecuador from 1998 to 2001 and for Occidental Petroleum-Canada in Indonesia, Australia and Canada from 1996 to 1998. He started his Professional career as a Geologist with Imperial Oil in Calgary in 1994. He has been an Independent Director of Ikkuma Resources Corp. since May 22, 2014 and Pieridae Energy Limited since June 18, 2019. He has been a Director of Panterra Resource Corp. since May 2014, Canacol Energy Ltd. since October 30, 2008 and Gallic Energy Ltd. since October 05, 2010. He served as an Independent Non-Executive Director of Solimar Energy Limited from September 12, 2011 to December 2014 and Petro-Victory Energy Corp. since May 20, 2014 until June 10, 2016. Dr. Gamba serves as a Director of Miramar Hydrocarbons Ltd., Horizon Petroleum Ltd. and Carrao Energy Ltd. Dr. Gamba holds B.Sc., MSc., and Ph.D. in Geology.

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

Average tenure of the Canacol Energy management team in years:

6.6
Average Tenure
  • The average tenure for the Canacol Energy management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Charle Gamba

TITLE
President
COMPENSATION
$2M
AGE
55
TENURE
11.5 yrs

Jason Bednar

TITLE
Chief Financial Officer
COMPENSATION
$1M
AGE
48
TENURE
4.8 yrs

Ravi Sharma

TITLE
Chief Operating Officer
COMPENSATION
$1M
TENURE
4.5 yrs

Anthony Zaidi

TITLE
VP of Business Development
COMPENSATION
$1M
TENURE
8.4 yrs

Kevin Flick

TITLE
Vice President of Capital Markets & Investor Relations
COMPENSATION
$753K
TENURE
9.8 yrs

Mark Teare

TITLE
Senior Vice President of Exploration
COMPENSATION
$761K
TENURE
11.3 yrs

Carolina Orozco

TITLE
Director of Investor Relations

Tracy Whitmore

TITLE
VP of Tax & Corporate Affairs
TENURE
1 yrs

Thomas Lutz

TITLE
President of Canacol Energy Colombia
TENURE
3.6 yrs
Board of Directors Tenure

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

6.3
Average Tenure
61.5
Average Age
  • The tenure for the Canacol Energy board of directors is about average.
Board of Directors

Mike Hibberd

TITLE
Independent Chairman of the Board
COMPENSATION
$221K
AGE
64
TENURE
11.2 yrs

Charle Gamba

TITLE
President
COMPENSATION
$2M
AGE
55
TENURE
11.5 yrs

Oswaldo Cisneros

TITLE
Independent Director
COMPENSATION
$129K
AGE
78
TENURE
4.5 yrs

Gonzalo Fernández-Tinoco

TITLE
Independent Director
COMPENSATION
$8K
AGE
56
TENURE
1.4 yrs

Alvaro Barrera

TITLE
Member of Advisory Board
COMPENSATION
$100K
AGE
87

David Winter

TITLE
Independent Director
COMPENSATION
$146K
AGE
62
TENURE
11.2 yrs

Greg Elliott

TITLE
Independent Director
COMPENSATION
$133K
AGE
61
TENURE
7.3 yrs

Francisco Diaz Salazar

TITLE
Independent Director
COMPENSATION
$138K
AGE
57
TENURE
5.3 yrs

Ari Merenstein

TITLE
Independent Director
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • Canacol Energy individual insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
24. Mar 20 Buy David Winter Individual 20. Mar 20 20. Mar 20 1,900 CA$3.46 CA$6,512
10. Jan 20 Sell Michael Hibberd Individual 08. Jan 20 08. Jan 20 -15,000 CA$4.50 CA$-67,425
03. Dec 19 Buy Tracy Whitmore Individual 02. Dec 19 02. Dec 19 1,500 CA$4.34 CA$6,510
30. Apr 19 Buy David Winter Individual 26. Apr 19 29. Apr 19 5,000 CA$4.05 CA$20,092
23. Apr 19 Buy Kevin Flick Individual 18. Apr 19 18. Apr 19 5,200 CA$4.15 CA$21,561
X
Management checks
We assess Canacol 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. Canacol 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.

CNE News

Simply Wall St News

How Many Canacol Energy Ltd (TSE:CNE) Shares Do Institutions Own?

Canacol Energy is a smaller company with a market capitalization of CA$791m, so it may still be flying under the radar of many institutional investors. … See our latest analysis for Canacol Energy TSX:CNE Ownership Summary, August 27th 2019 What Does The Institutional Ownership Tell Us About Canacol Energy? … We can see that Canacol Energy does have institutional investors; and they hold 7.6% of the stock.

Simply Wall St -

How Much is Canacol Energy Ltd's (TSE:CNE) CEO Getting Paid?

In 2008 Charle Gamba was appointed CEO of Canacol Energy Ltd (TSE:CNE). … View our latest analysis for Canacol Energy How Does Charle Gamba's Compensation Compare With Similar Sized Companies? … Our data indicates that Canacol Energy Ltd is worth CA$855m, and total annual CEO compensation is US$1.8m.

Simply Wall St -

Does The Canacol Energy Ltd (TSE:CNE) Share Price Tend To Follow The Market?

Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … With a beta of 1.06, (which is quite close to 1) the share price of Canacol Energy has historically been about as voltile as the broader market. … What this means for you: Canacol Energy has a beta value quite close to that of the overall market.

Simply Wall St -

Should You Take Comfort From Insider Transactions At Canacol Energy Ltd (TSE:CNE)?

So we'll take a look at whether insiders have been buying or selling shares in Canacol Energy Ltd (TSE:CNE). … For example, a Harvard University study found that 'insider purchases earn abnormal returns of more than 6% per year.' View our latest analysis for Canacol Energy The Last 12 Months Of Insider Transactions At Canacol Energy Over the last year, we can see that the biggest insider purchase was by Independent Director Gregory Elliott for CA$216k worth of shares, at about CA$4.35 per share. … TSX:CNE Recent Insider Trading, July 3rd 2019 Canacol Energy Insiders Bought Stock Recently There was some insider buying at Canacol Energy over the last quarter.

Simply Wall St -

Volatility 101: Should Canacol Energy (TSE:CNE) Shares Have Dropped 45%?

But the main game is to find enough winners to more than offset the losers At this point some shareholders may be questioning their investment in Canacol Energy Ltd (TSE:CNE), since the last five years saw the share price fall 45%. … View our latest analysis for Canacol Energy Canacol Energy isn't a profitable company, so it is unlikely we'll see a strong correlation between its share price and its earnings per share (EPS). … Over five years, Canacol Energy grew its revenue at 2.6% per year.

Simply Wall St -

How Much Did Canacol Energy Ltd's (TSE:CNE) CEO Pocket Last Year?

In 2008 Charle Gamba was appointed CEO of Canacol Energy Ltd (TSE:CNE). … First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Charle Gamba's Compensation Compare With Similar Sized Companies?

Simply Wall St -

What Kind Of Investor Owns Most Of Canacol Energy Ltd (TSE:CNE)?

Every investor in Canacol Energy Ltd (TSE:CNE) should be aware of the most powerful shareholder groups. … With a market capitalization of CA$784m, Canacol Energy is a small cap stock, so it might not be well known by many institutional investors. … institutional investors have bought into the company.

Simply Wall St -

How Much Are Canacol Energy Ltd (TSE:CNE) Insiders Spending On Buying Shares?

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. … So shareholders might well want to know whether insiders have been buying or selling shares in Canacol Energy Ltd (TSE:CNE). … In the last twelve months there was more buying than selling by Canacol Energy insiders

Simply Wall St -

Here's What We Think About Canacol Energy Ltd's (TSE:CNE) CEO Pay

Charle Gamba became the CEO of Canacol Energy Ltd (TSE:CNE) in 2008. … First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Charle Gamba's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Does The Canacol Energy Ltd (TSE:CNE) Share Price Tend To Follow The Market?

If you're interested in Canacol Energy Ltd (TSE:CNE), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

CNE Company Info

Description

Canacol Energy Ltd. primarily explores for, develops, and produces petroleum and natural gas in Colombia. As of December 31, 2019, it has a total proved plus probable reserves of 109,431 one thousand barrels of oil equivalent. The company is headquartered in Calgary, Canada.

Details
Name: Canacol Energy Ltd
CNE
Exchange: TSX
Founded:
CA$652,016,772
181,115,770
Website: http://www.canacolenergy.com
Address: Canacol Energy Ltd
Suite 2650,
585 - 8th Avenue SW,
Calgary,
Alberta, T2P 1G1,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX CNE Common Shares The Toronto Stock Exchange CA CAD 26. Apr 1989
OTCPK CNNE.F Common Shares Pink Sheets LLC US USD 26. Apr 1989
DB 3B6A Common Shares Deutsche Boerse AG DE EUR 26. Apr 1989
BVC CNEC Common Shares Bolsa de Valores de Colombia CO COP 26. Apr 1989
BMV CNE N Common Shares Bolsa Mexicana de Valores MX MXN 26. Apr 1989
Number of employees
Current staff
Staff numbers
212
Canacol Energy employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 02:41
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/03/31
Last earnings filing: 2020/03/18
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.