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Perpetual Energy

TSX:PMT
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PMT
TSX
CA$4M
Market Cap
  1. Home
  2. CA
  3. Energy
Company description

Perpetual Energy Inc. engages in the exploration, development, production, and marketing of oil and natural gas based energy in Canada. The last earnings update was 19 days ago. More info.


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PMT Share Price and Events
7 Day Returns
160%
TSX:PMT
12.6%
CA Oil and Gas
2.5%
CA Market
1 Year Returns
-80.9%
TSX:PMT
-41.1%
CA Oil and Gas
-24.8%
CA Market
PMT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Perpetual Energy (PMT) 160% 0% -7.1% -80.9% -95.9% -99.7%
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
  • PMT underperformed the Oil and Gas industry which returned -41.1% over the past year.
  • PMT underperformed the Market in Canada which returned -24.8% over the past year.
Price Volatility
PMT
Industry
5yr Volatility vs Market

Value

 Is Perpetual 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 Perpetual 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 Perpetual Energy.

TSX:PMT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 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:PMT
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%) (3237.54%))
14.12
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:PMT using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Perpetual 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:PMT DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 12.32%)
2020 1.00 Analyst x1 0.89
2021 9.00 Analyst x1 7.13
2022 14.15 Est @ 57.27% 9.99
2023 19.89 Est @ 40.52% 12.50
2024 25.62 Est @ 28.8% 14.33
2025 30.89 Est @ 20.59% 15.39
2026 35.48 Est @ 14.85% 15.73
2027 39.32 Est @ 10.82% 15.52
2028 42.47 Est @ 8.01% 14.93
2029 45.03 Est @ 6.04% 14.09
Present value of next 10 years cash flows CA$120.00
TSX:PMT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CA$45.03 × (1 + 1.44%) ÷ (12.32% – 1.44%)
CA$419.87
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$419.87 ÷ (1 + 12.32%)10
CA$131.38
TSX:PMT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$120.00 + CA$131.38
CA$251.38
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$251.38 / 60.70
CA$4.14
TSX:PMT Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$4.14
Current discount Discount to share price of CA$0.07
= -1 x (CA$0.07 - CA$4.14) / CA$4.14
98.4%

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

Current Discount
Amount off the current price Perpetual Energy is available for.
Intrinsic value
>50%
Share price is CA$0.07 vs Future cash flow value of CA$4.14
Current Discount Checks
For Perpetual Energy to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Perpetual Energy's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Perpetual 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 Perpetual Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Perpetual Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:PMT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CAD CA$-1.56
TSX:PMT Share Price ** TSX (2020-04-03) in CAD CA$0.07
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 Perpetual Energy.

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

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

= 0.07 ÷ -1.56

-0.04x

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

  • Perpetual Energy is loss making, we can't compare its value to the CA Oil and Gas industry average.
  • Perpetual Energy is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Perpetual Energy's expected growth come at a high price?
Raw Data
TSX:PMT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.04x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
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 .

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

  • Unable to calculate PEG ratio for Perpetual Energy, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Perpetual Energy's assets?
Raw Data
TSX:PMT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CAD CA$0.79
TSX:PMT Share Price * TSX (2020-04-03) in CAD CA$0.07
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:PMT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.07 ÷ 0.79

0.08x

* Primary Listing of Perpetual Energy.

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

  • Perpetual Energy is good value based on assets compared to the CA Oil and Gas industry average.
X
Value checks
We assess Perpetual 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. Perpetual 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.

Future Performance

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

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
100.2%
Expected annual growth in earnings per share.
Earnings growth vs Low Risk Savings
Is Perpetual Energy expected to grow at an attractive rate?
  • Perpetual Energy's earnings growth is expected to exceed the low risk savings rate of 1.4%.
Growth vs Market Checks
  • Perpetual Energy's earnings growth is expected to exceed the Canada market average.
  • Unable to compare Perpetual Energy's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSX:PMT Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:PMT Future Earnings per Share Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 100.2%
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:PMT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:PMT Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 3
2020-12-31 -9
2020-04-06
TSX:PMT Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-12-31 64 18 -94
2019-09-30 71 24 -62
2019-06-30 74 25 -54
2019-03-31 75 30 -19
2018-12-31 77 32 -20
2018-09-30 79 37 -27
2018-06-30 78 36 -22
2018-03-31 77 33 -28
2017-12-31 72 19 -36
2017-09-30 66 13 -9
2017-06-30 69 5 -12
2017-03-31 67 -3 60

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Perpetual Energy's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Perpetual Energy 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
TSX:PMT 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 1 Analyst Estimates (S&P Global) See Below

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

TSX:PMT Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 -0.19 -0.19 -0.19 1.00
2020-12-31 -0.30 -0.30 -0.30 1.00
2020-04-06
TSX:PMT Past Financials Data
Date (Data in CAD Millions) EPS *
2019-12-31 -1.56
2019-09-30 -1.02
2019-06-30 -0.89
2019-03-31 -0.31
2018-12-31 -0.34
2018-09-30 -0.44
2018-06-30 -0.38
2018-03-31 -0.48
2017-12-31 -0.62
2017-09-30 -0.16
2017-06-30 -0.22
2017-03-31 1.14

*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 Perpetual 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 Perpetual 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.
Perpetual Energy has a total score of 3/6, 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 Perpetual 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 Perpetual 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.
  • Perpetual Energy does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Perpetual Energy's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Perpetual Energy's 1-year growth to the CA Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Perpetual 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 Perpetual Energy Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:PMT 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 63.95 -94.02 14.15
2019-09-30 70.83 -61.85 16.54
2019-06-30 73.89 -53.76 16.68
2019-03-31 75.33 -18.81 16.99
2018-12-31 76.58 -20.38 16.93
2018-09-30 78.61 -26.55 16.33
2018-06-30 78.35 -22.37 16.11
2018-03-31 76.89 -28.26 16.40
2017-12-31 72.21 -35.97 16.93
2017-09-30 66.22 -9.09 17.75
2017-06-30 69.04 -11.93 20.10
2017-03-31 67.01 60.21 22.08
2016-12-31 73.97 107.15 24.13
2016-09-30 88.88 -6.77 25.65
2016-06-30 99.91 -62.99 25.96
2016-03-31 114.91 -23.79 25.81
2015-12-31 129.25 -89.27 25.63
2015-09-30 154.69 -14.01 31.39
2015-06-30 179.51 89.55 30.60
2015-03-31 215.73 -12.03 33.07
2014-12-31 239.65 3.37 32.15
2014-09-30 230.66 7.89 32.40
2014-06-30 223.40 -35.35 33.19
2014-03-31 210.81 -42.47 31.51
2013-12-31 191.16 7.62 33.03
2013-09-30 160.95 -61.32 31.53
2013-06-30 178.64 -60.65 31.76

*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 Perpetual 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 Perpetual 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 Perpetual 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 Perpetual 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.
Perpetual 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.

Health

 How is Perpetual 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 Perpetual Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Perpetual Energy's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Perpetual Energy's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Perpetual 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 0.2x 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 Perpetual Energy Company Filings, last reported 3 months ago.

TSX:PMT Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 48.02 125.05
2019-09-30 80.39 128.50
2019-06-30 100.67 128.11
2019-03-31 136.74 130.64
2018-12-31 141.38 133.43
2018-09-30 141.59 135.32
2018-06-30 153.42 135.81
2018-03-31 154.29 140.08
2017-12-31 159.95 127.64
2017-09-30 165.81 117.11 42.30
2017-06-30 173.07 111.43 46.49
2017-03-31 179.79 134.16 87.67
2016-12-31 182.71 108.42 69.22
2016-09-30 160.12 101.31 69.60
2016-06-30 169.21 100.52 68.98
2016-03-31 102.30 341.80 197.91
2015-12-31 47.18 341.73 2.12
2015-09-30 113.45 386.36 207.08
2015-06-30 179.23 393.12 274.09
2015-03-31 73.80 371.82
2014-12-31 106.28 319.89 11.50
2014-09-30 123.49 348.01 26.74
2014-06-30 85.95 382.69
2014-03-31 81.86 378.44
2013-12-31 98.30 372.83
2013-09-30 57.88 367.19 1.84
2013-06-30 64.46 359.35 3.45
  • Perpetual Energy's level of debt (260.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (302.5% vs 260.4% 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.

  • Whilst loss making Perpetual Energy has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Perpetual Energy has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -30.3% per year.
X
Financial health checks
We assess Perpetual 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. Perpetual 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.

Dividends

 What is Perpetual 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 Perpetual Energy dividends.
If you bought CA$2,000 of Perpetual 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 Perpetual Energy's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Perpetual 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:PMT 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 1 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:PMT Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2020-04-06
TSX:PMT Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2014-03-05 0.000 0.000
2013-08-09 0.000 0.000
2013-05-14 0.000 0.000
2013-03-11 0.000 0.000
2012-11-12 0.000 0.000
2012-08-13 0.000 0.000
2012-05-16 0.000 0.000
2012-03-13 0.000 0.000
2012-03-12 0.000 0.000
2011-09-19 3.600 15.310
2011-08-10 3.600 6.709
2011-08-09 3.600 5.980
2011-03-08 7.200 9.997
2011-03-07 7.200 8.867
2010-11-09 7.200 9.011
2010-11-08 7.200 8.336
2010-07-12 12.000 12.440
2010-06-10 12.000 11.593
2010-05-11 12.000 12.063
2010-04-12 12.000 12.126
2010-03-10 12.000 12.418
2010-02-10 12.000 12.020
2010-01-13 12.000 11.968
2009-12-14 12.000 11.601
2009-11-10 12.000 12.586
2009-10-14 12.000 11.251
2009-09-21 12.000 11.175
2009-08-07 12.000 12.379
2009-07-22 12.000 14.180
2009-06-15 12.000 13.371
2009-05-08 12.000 13.741
2009-04-20 12.000 16.230

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

  • Unable to perform a dividend volatility check as Perpetual Energy has not reported any payouts.
  • Unable to verify if Perpetual Energy's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Perpetual Energy's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Perpetual Energy has not reported any payouts.
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 Perpetual 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 Perpetual Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Perpetual 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.

Management

 What is the CEO of Perpetual 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
Sue Rose
COMPENSATION CA$746,536
AGE 54
TENURE AS CEO 14.9 years
CEO Bio

Ms. Susan L. Riddell Rose, also known as Sue, B.Sc. has been the Chief Executive Officer and President of Perpetual Energy Inc. since 2002 and its Executive Chairman also served as its Acting Chairman since 2018. Ms. Rose served as the Chief Executive Officer and President of Profound Energy Inc. since July 2, 2009. She served as the Chief Operating Officer of Perpetual Energy Inc. from June 28, 2002 to May 9, 2005. She served as the Chief Executive Officer and President of Paramount Energy Operating Corp. since May 9, 2005. She served as the Chief Operating Officer of Paramount Energy Operating Corp., from June 28, 2002 to May 2005. She served as President and Chief Operating Officer of Paramount Energy Corp. She served as the Chief Operating Officer for Paramount Resources Ltd. She served as a Geological Engineer with Shell Canada Ltd. She is a Director of Tervita Corporation since July 19, 2018. She has been an Independent Director of Newalta Corporation (formerly, Newalta Inc.) since May 2009; and Paramount Energy Operating Corp., since June 28, 2002. She has been a Director of AltaLink, L.P. since August 1, 2017. Ms. Riddell Rose was a geological engineer and Corporate Operating Officer of Paramount. She has been a Non-Independent Director of Paramount Resources Ltd. of T.T.Y. Paramount Partnership No. 5 since 2000. She has been a Non-Independent Director of Perpetual Energy Inc. since June 28, 2002. She has been an Independent Trustee of Brookfield Canada Office Properties since April 22, 2013. She is a Member of the Association of Professional Engineers, Geologists and Geophysicists of Alberta, the Canadian Society of Petroleum Geologists and the American Association of Petroleum Geologists. She served as a Director of Profound Energy Inc., since July 2, 2009. She served as a Governor for the Canadian Association of Petroleum Producers. She is also actively involved with a number of not-for-profit organizations including; United Way of Calgary, the Premier's Council for Alberta's Promise, the Patrons Council for UNICEF Canada, Queen's University and initiatives with Ronald McDonald House Southern Alberta. She graduated from Queen's University, Kingston, Ontario with a Bachelor of Applied Science in Geological Engineering in 1986.

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

Average tenure of the Perpetual Energy management team in years:

10.9
Average Tenure
  • The average tenure for the Perpetual Energy management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Sue Rose

TITLE
President
COMPENSATION
CA$747K
AGE
54
TENURE
14.9 yrs

W. Schweitzer

TITLE
VP of Finance & CFO
COMPENSATION
CA$364K
TENURE
2.9 yrs

Marcello Rapini

TITLE
Vice President of Marketing
COMPENSATION
CA$528K
TENURE
13.3 yrs

Linda McKean

TITLE
Vice President of Exploration & Development
COMPENSATION
CA$419K
TENURE
8.3 yrs

J. Strong

TITLE
Corporate Counsel and Corporate Secretary
TENURE
10.9 yrs

Gary Jackson

TITLE
Vice President of Land
COMPENSATION
CA$736K
AGE
65
Board of Directors Tenure

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

9.8
Average Tenure
65
Average Age
  • The tenure for the Perpetual Energy board of directors is about average.
Board of Directors

Sue Rose

TITLE
President
COMPENSATION
CA$747K
AGE
54
TENURE
2.3 yrs

Robert Maitland

TITLE
Independent Director
COMPENSATION
CA$77K
AGE
66
TENURE
12.2 yrs

Ryan Shay

TITLE
Independent Director
COMPENSATION
CA$66K
TENURE
2.5 yrs

Howard Ward

TITLE
Independent Director
COMPENSATION
CA$56K
AGE
74
TENURE
17.8 yrs

Geoff Merritt

TITLE
Independent Director
COMPENSATION
CA$67K
AGE
64
TENURE
9.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
14. Aug 19 Sell Marcello Rapini Individual 13. Aug 19 13. Aug 19 -25,000 CA$0.22 CA$-5,500
13. Aug 19 Sell Marcello Rapini Individual 09. Aug 19 09. Aug 19 -20,500 CA$0.23 CA$-4,715
09. Aug 19 Sell Marcello Rapini Individual 07. Aug 19 08. Aug 19 -4,000 CA$0.24 CA$-959
X
Management checks
We assess Perpetual 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. Perpetual 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.

News

Simply Wall St News

Why Perpetual Energy Inc's (TSE:PMT) Investor Composition Impacts Your Returns

Today, I will be analyzing Perpetual Energy Inc’s (TSE:PMT) recent ownership structure, an important but not-so-popular subject among individual investors. … Ownership structure has been found to have an impact on shareholder returns in both short- and long-term. … While these are more of a long-term investor’s concern, short-term investors may find the impact of institutional trading overwhelming enough to lose out on what could be a potential opportunity.

Simply Wall St -

Is Perpetual Energy Inc (TSE:PMT) A Financially Sound Company?

Perpetual Energy Inc (TSE:PMT) is a small-cap stock with a market capitalization of CA$28.61m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Oil and Gas companies,

Simply Wall St -

What Investors Should Know About Perpetual Energy Inc's (TSE:PMT) Financial Strength

Additionally, PMT has produced CA$19.17M in operating cash flow in the last twelve months, resulting in an operating cash to total debt ratio of 15.02%, indicating that PMT’s current level of operating cash is not high enough to cover debt. … Looking at PMT’s most recent CA$61.43M liabilities, it appears that the company has not maintained a sufficient level of current assets to meet its obligations, with the current ratio last standing at 0.89x, which is below the prudent industry ratio of 3x. … Maintaining a high level of debt, while revenues are still below costs, can be dangerous as liquidity tends to dry up in unexpected downturns.Next Steps: PMT’s cash flow coverage indicates it could improve its operating efficiency in order to meet demand for debt repayments should unforeseen events arise.

Simply Wall St -

Should You Be Concerned About Perpetual Energy Inc's (TSE:PMT) -34.35% Earnings Decline?

When Perpetual Energy Inc (TSX:PMT) announced its most recent earnings (30 September 2017), I did two things: looked at its past earnings track record, then look at what is happening in the industry. … For Perpetual Energy, its most recent earnings (trailing twelve month) is -CA$9.09M, which, relative to the previous year's level, has become more negative. … Each year, for the past five years Perpetual Energy has seen an annual decline in revenue of -15.32%, on average.

Simply Wall St -

Oil & Gas Stocks: Is Now The Time To Buy Perpetual Energy Inc (TSX:PMT)?

TSX:PMT Past Future Earnings Nov 14th 17 The oil price collapse triggered a wave of cost reduction among energy businesses as the sector as a whole faced negative growth over the past five years. … Over the past year, the industry saw negative growth of -0.30%, underperforming the Canadian market growth of 8.26%. … TSX:PMT PE PEG Gauge Nov 14th 17 The oil and gas industry is trading at a PE ratio of 23x, higher than the rest of the Canadian stock market PE of 17x.

Simply Wall St -

Are Perpetual Energy Inc's (TSX:PMT) Interest Costs Too High?

PMT’s recent operating cash flow was 0.05 times its debt within the past year. … Its cash flow coverage of less than a quarter of debt means that operating efficiency could be an issue. … PMT's large debt ratio on top of low cash coverage of debt in addition to low liquidity coverage of short-term expenses may not build the strongest investment case.

Simply Wall St -

Company Info

Description

Perpetual Energy Inc. engages in the exploration, development, production, and marketing of oil and natural gas based energy in Canada. Its asset portfolio includes liquids-rich natural gas, shallow natural gas, and conventional heavy oil producing properties, as well as undeveloped bitumen resource properties. The company has liquids-rich natural gas assets in the deep basin of west central Alberta; heavy oil and shallow natural gas assets in eastern Alberta; and undeveloped oil sands leases in northern Alberta. Perpetual Energy Inc. is headquartered in Calgary, Canada.

Details
Name: Perpetual Energy Inc.
PMT
Exchange: TSX
Founded:
CA$3,945,500
60,700,000
Website: http://www.perpetualenergyinc.com
Address: Perpetual Energy Inc.
605 5 Avenue SW,
Suite 3200,
Calgary,
Alberta, T2P 3H5,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX PMT Common Shares The Toronto Stock Exchange CA CAD 07. Feb 2003
OTCPK PMGY.F Common Shares Pink Sheets LLC US USD 07. Feb 2003
DB AGGN Common Shares Deutsche Boerse AG DE EUR 07. Feb 2003
Number of employees
Current staff
Staff numbers
69
Perpetual 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 02:34
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/04/03
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.