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Painted Pony Energy

TSX:PONY
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PONY
TSX
CA$40M
Market Cap
  1. Home
  2. CA
  3. Energy
Company description

Painted Pony Energy Ltd. explores for, develops, and produces natural gas and natural gas liquids from the Western Canadian Sedimentary Basin in British Columbia, Canada. The last earnings update was 17 days ago. More info.


Add to Portfolio Compare Print
  • Painted Pony Energy has significant price volatility in the past 3 months.
PONY Share Price and Events
7 Day Returns
-4%
TSX:PONY
7%
CA Oil and Gas
7.1%
CA Market
1 Year Returns
-86%
TSX:PONY
-46%
CA Oil and Gas
-25.3%
CA Market
PONY Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Painted Pony Energy (PONY) -4% -50% -67.6% -86% -95.5% -96.1%
CA Oil and Gas 7% -40.8% -46.8% -46% -53.7% -57.4%
CA Market 7.1% -24.1% -26.7% -25.3% -23.4% -17.5%
1 Year Return vs Industry and Market
  • PONY underperformed the Oil and Gas industry which returned -46% over the past year.
  • PONY underperformed the Market in Canada which returned -25.3% over the past year.
Price Volatility
PONY
Industry
5yr Volatility vs Market

Value

 Is Painted Pony 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 Painted Pony 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 Painted Pony Energy.

TSX:PONY 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:PONY
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 0.82
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.816 (1 + (1- 26.5%) (1981.41%))
8.834
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:PONY using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Painted Pony 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:PONY DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 12.32%)
2020 -6.25 Analyst x8 -5.56
2021 1.80 Analyst x8 1.43
2022 3.00 Analyst x1 2.12
2023 6.00 Analyst x1 3.77
2024 8.60 Est @ 43.39% 4.81
2025 11.25 Est @ 30.81% 5.60
2026 13.73 Est @ 22% 6.09
2027 15.90 Est @ 15.83% 6.28
2028 17.73 Est @ 11.51% 6.23
2029 19.24 Est @ 8.49% 6.02
Present value of next 10 years cash flows CA$36.00
TSX:PONY DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CA$19.24 × (1 + 1.44%) ÷ (12.32% – 1.44%)
CA$179.37
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$179.37 ÷ (1 + 12.32%)10
CA$56.13
TSX:PONY Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$36.00 + CA$56.13
CA$92.13
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$92.13 / 161.00
CA$0.57
TSX:PONY Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$0.57
Current discount Discount to share price of CA$0.24
= -1 x (CA$0.24 - CA$0.57) / CA$0.57
58.1%

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

Current Discount
Amount off the current price Painted Pony Energy is available for.
Intrinsic value
>50%
Share price is CA$0.24 vs Future cash flow value of CA$0.57225
Current Discount Checks
For Painted Pony Energy to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Painted Pony Energy's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Painted Pony 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 Painted Pony Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Painted Pony Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:PONY PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CAD CA$-1.45
TSX:PONY Share Price ** TSX (2020-03-27) in CAD CA$0.24
Canada Oil and Gas Industry PE Ratio Median Figure of 55 Publicly-Listed Oil and Gas Companies 6.03x
Canada Market PE Ratio Median Figure of 497 Publicly-Listed Companies 10.58x

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

** Primary Listing of Painted Pony Energy.

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

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

= 0.24 ÷ -1.45

-0.17x

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

  • Painted Pony Energy is loss making, we can't compare its value to the CA Oil and Gas industry average.
  • Painted Pony Energy is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Painted Pony Energy's expected growth come at a high price?
Raw Data
TSX:PONY PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.17x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
147%per year
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 Painted Pony Energy, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Painted Pony Energy's assets?
Raw Data
TSX:PONY PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CAD CA$5.35
TSX:PONY Share Price * TSX (2020-03-27) in CAD CA$0.24
Canada Oil and Gas Industry PB Ratio Median Figure of 198 Publicly-Listed Oil and Gas Companies 0.39x
Canada Market PB Ratio Median Figure of 2,351 Publicly-Listed Companies 1x
TSX:PONY PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.24 ÷ 5.35

0.04x

* Primary Listing of Painted Pony Energy.

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

  • Painted Pony Energy is good value based on assets compared to the CA Oil and Gas industry average.
X
Value checks
We assess Painted Pony 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. Painted Pony 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 Painted Pony 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
147%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Painted Pony Energy expected to grow at an attractive rate?
  • Painted Pony Energy's earnings growth is expected to exceed the low risk savings rate of 1.4%.
Growth vs Market Checks
  • Painted Pony Energy's earnings growth is expected to exceed the Canada market average.
  • Painted Pony Energy's revenues are expected to decrease over the next 1-3 years, this is below the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSX:PONY Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:PONY Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 147%
TSX:PONY Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts -2.2%
Canada Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average -3.7%
Canada Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.1%
Canada Market Earnings Growth Rate Market Cap Weighted Average 7.8%
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:PONY 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:PONY Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 86
2022-12-31 68
2021-12-31 286 60 20 2
2020-12-31 273 36 -5 3
2020-03-28
TSX:PONY Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-12-31 298 89 -233
2019-09-30 342 128 8
2019-06-30 376 158 31
2019-03-31 405 171 13
2018-12-31 398 169 7
2018-09-30 341 148 -18
2018-06-30 301 144 10
2018-03-31 280 127 57
2017-12-31 244 107 122
2017-09-30 241 101 58
2017-06-30 220 82 55
2017-03-31 166 69 7

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Painted Pony Energy's earnings are expected to grow significantly at over 20% yearly.
  • Painted Pony Energy's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:PONY 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 Painted Pony Energy Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:PONY 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 0.01 0.12 -0.11 2.00
2020-12-31 -0.29 -0.23 -0.35 2.00
2020-03-28
TSX:PONY Past Financials Data
Date (Data in CAD Millions) EPS *
2019-12-31 -1.45
2019-09-30 0.05
2019-06-30 0.19
2019-03-31 0.08
2018-12-31 0.04
2018-09-30 -0.11
2018-06-30 0.06
2018-03-31 0.37
2017-12-31 0.87
2017-09-30 0.46
2017-06-30 0.50
2017-03-31 0.07

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

TSX:PONY Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 298.11 -232.86 19.52
2019-09-30 342.18 8.08 21.14
2019-06-30 376.44 31.29 21.70
2019-03-31 405.07 12.84 22.03
2018-12-31 398.03 7.06 21.45
2018-09-30 340.89 -18.34 19.70
2018-06-30 301.07 10.10 19.81
2018-03-31 279.77 57.09 19.45
2017-12-31 244.29 122.38 16.96
2017-09-30 241.17 57.55 17.16
2017-06-30 219.64 54.57 15.55
2017-03-31 166.42 7.18 15.51
2016-12-31 118.91 -51.86 16.34
2016-09-30 69.86 -21.55 17.22
2016-06-30 62.12 -33.55 16.72
2016-03-31 72.68 -3.84 16.41
2015-12-31 79.58 -5.21 16.01
2015-09-30 94.04 -11.11 16.62
2015-06-30 111.94 -2.50 16.86
2015-03-31 141.40 -17.58 16.24
2014-12-31 153.49 -15.56 16.46
2014-09-30 150.08 -16.63 15.15
2014-06-30 136.18 -25.06 14.55
2014-03-31 107.36 -5.44 14.97
2013-12-31 96.30 -5.72 15.99
2013-09-30 91.64 -41.97 14.84
2013-06-30 83.57 -44.36 14.83
2013-03-31 74.36 -48.58 15.40

*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 Painted Pony 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 Painted Pony 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 Painted Pony 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 Painted Pony 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.
Painted Pony 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 Painted Pony 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 Painted Pony Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Painted Pony Energy's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Painted Pony Energy's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Painted Pony 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 Painted Pony Energy Company Filings, last reported 2 months ago.

TSX:PONY Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 860.82 312.12
2019-09-30 1,038.76 347.83
2019-06-30 1,075.28 325.51
2019-03-31 1,089.34 328.16
2018-12-31 1,091.49 352.36
2018-09-30 1,028.21 361.42
2018-06-30 1,041.34 372.09
2018-03-31 1,073.41 350.68
2017-12-31 1,080.69 335.73
2017-09-30 1,042.42 279.62
2017-06-30 1,024.41 235.55
2017-03-31 682.27 232.65
2016-12-31 625.31 200.84
2016-09-30 652.04 172.05
2016-06-30 639.36 136.90
2016-03-31 671.72 87.56
2015-12-31 672.98 63.63
2015-09-30 668.32 45.93
2015-06-30 666.04 38.80
2015-03-31 667.96 7.66
2014-12-31 668.93 0.00 30.72
2014-09-30 607.89 0.00 97.35
2014-06-30 543.39 49.27
2014-03-31 558.84 33.35
2013-12-31 556.37 28.63
2013-09-30 558.22 0.00 10.69
2013-06-30 556.74 0.00 22.10
2013-03-31 553.57 0.00 41.79
  • Painted Pony Energy's level of debt (36.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 36.3% 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 Painted Pony Energy has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Painted Pony Energy has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -19.2% per year.
X
Financial health checks
We assess Painted Pony 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. Painted Pony 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 Painted Pony 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 Painted Pony Energy dividends. Estimated to be 0% next year.
If you bought CA$2,000 of Painted Pony 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 Painted Pony Energy's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Painted Pony 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:PONY 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 8.6%
Canada Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 4.9%
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 8.8%

Industry and Market average data is calculated daily.

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

TSX:PONY Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31 0.00 2.00
2020-03-28

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

  • Unable to perform a dividend volatility check as Painted Pony Energy has not reported any payouts.
  • Unable to verify if Painted Pony Energy's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Painted Pony Energy's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Painted Pony Energy has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Painted Pony Energy's dividends in 3 years as they are not expected to pay a notable one for Canada.
X
Income/ dividend checks
We assess Painted Pony 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 Painted Pony Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Painted Pony 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 Painted Pony 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
Pat Ward
COMPENSATION CA$1,767,012
AGE 63
TENURE AS CEO 12.8 years
CEO Bio

Mr. Patrick Russel Ward, also known as Pat, P.Geo. has been Chief Executive Officer and President of Painted Pony Petroleum Ltd, since May 6, 2007. Mr. Ward has more than 28 years of experience in the oil and natural gas industry. He served as Vice-President, Exploration of Innova Exploration from May 27, 2004 to May 26, 2006. He Co-Founded Chowade Energy Ltd. in 2003 which was merged into Innova Exploration in 2004. From 1999 to 2003, he served as Manager of Geology & Geophysics with the NCE Resources Group and Petrofund Energy Trust from 1999 to 2003, where he was a key member of the Petrofund Management team. Mr. Ward served as Vice-President and Chief Operating Officer at Rockport Energy Corp. from 1998 to 1999 and from 1981 to 1997, he worked for Total Petroleum Canada, which became Rigel Oil & Gas, where he was Exploration Manager for the last 7 years from 1981 to 1997. Mr. Ward played a key role in the discovery of a number of major oil and gas discoveries in western Canada including the Knopcik Montney Gas field, the Moose Mountain oil and gas field in Alberta and the Manor oil field in Saskatchewan. He has been a Non-Independent Director at Painted Pony Petroleum Ltd. since April 3, 2004. He served as Director of Striker Exploration Corp. since July 9, 2014 until 2016 and Director of Elkwater Resources Ltd. from 2014 to 2015. He is a Member of CSPG and CSEG. Mr. Ward graduated from the University of Calgary in 1978 with a Bachelor of Science in Geology (with honours). He is registered as a Professional Geologist with APEGA.

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

Average tenure and age of the Painted Pony Energy management team in years:

5
Average Tenure
48
Average Age
  • The average tenure for the Painted Pony Energy management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Pat Ward

TITLE
President
COMPENSATION
CA$2M
AGE
63
TENURE
12.8 yrs

Stuart Jaggard

TITLE
Chief Financial Officer
COMPENSATION
CA$891K
TENURE
2 yrs

Tonya Fleming

TITLE
VP, General Counsel & Corporate Secretary
COMPENSATION
CA$869K
TENURE
5.5 yrs

Leo McNamara

TITLE
Vice President of Development & Marketing
COMPENSATION
CA$878K
TENURE
4.9 yrs

Mike Backus

TITLE
Vice President of Development & Operations
AGE
48
TENURE
0.5 yrs

Jason Fleury

TITLE
Director of Investor Relations
AGE
48

Ted Hanbury

TITLE
Senior Vice President of Strategic Projects
COMPENSATION
CA$1M
TENURE
5.2 yrs
Board of Directors Tenure

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

5.8
Average Tenure
61.5
Average Age
  • The tenure for the Painted Pony Energy board of directors is about average.
Board of Directors

Glenn Carley

TITLE
Independent Chairman of the Board
COMPENSATION
CA$180K
AGE
66
TENURE
7.3 yrs

Pat Ward

TITLE
President
COMPENSATION
CA$2M
AGE
63
TENURE
12.9 yrs

Joan Dunne

TITLE
Independent Director
COMPENSATION
CA$125K
AGE
60
TENURE
3.4 yrs

Kevin Angus

TITLE
Independent Director
COMPENSATION
CA$120K
AGE
59
TENURE
12.9 yrs

Nereus Joubert

TITLE
Independent Director
COMPENSATION
CA$120K
AGE
62
TENURE
6.8 yrs

Lynn Kis

TITLE
Independent Director
COMPENSATION
CA$120K
AGE
68
TENURE
4.8 yrs

George Voneiff

TITLE
Director
COMPENSATION
CA$110K
AGE
57
TENURE
2.8 yrs

Betsy Spomer

TITLE
Independent Director
AGE
61
TENURE
0.9 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$) Value (CA$)
X
Management checks
We assess Painted Pony 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. Painted Pony 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

Have Insiders Been Buying Painted Pony Energy Ltd. (TSE:PONY) Shares This Year?

As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.' See our latest analysis for Painted Pony Energy The Last 12 Months Of Insider Transactions At Painted Pony Energy While there weren't any large insider transactions in the last twelve months, it's still worth looking at the trading. … TSX:PONY Recent Insider Trading, August 30th 2019 Insider Ownership of Painted Pony Energy For a common shareholder, it is worth checking how many shares are held by company insiders. … The transactions are fine but it'd be more encouraging if Painted Pony Energy insiders bought more shares in the company.

Simply Wall St -

Do Painted Pony Energy Ltd.’s (TSE:PONY) Returns On Capital Employed Make The Cut?

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Painted Pony Energy: 0.064 = CA$126m ÷ (CA$2.0b - CA$53m) (Based on the trailing twelve months to June 2019.) So, Painted Pony Energy has an ROCE of 6.4%. … Do Painted Pony Energy's Current Liabilities Skew Its ROCE? … With low levels of current liabilities, at least Painted Pony Energy's mediocre ROCE is not unduly boosted.

Simply Wall St -

Could The Painted Pony Energy Ltd. (TSE:PONY) Ownership Structure Tell Us Something Useful?

See our latest analysis for Painted Pony Energy TSX:PONY Ownership Summary, July 9th 2019 What Does The Institutional Ownership Tell Us About Painted Pony Energy? … We can see that Painted Pony Energy does have institutional investors; and they hold 12% of the stock. … Insider Ownership Of Painted Pony Energy The definition of an insider can differ slightly between different countries, but members of the board of directors always count.

Simply Wall St -

Have Insiders Been Buying Painted Pony Energy Ltd. (TSE:PONY) Shares This Year?

So shareholders might well want to know whether insiders have been buying or selling shares in Painted Pony Energy Ltd. … For example, a Harvard University study found that 'insider purchases earn abnormal returns of more than 6% per year.' Check out our latest analysis for Painted Pony Energy The Last 12 Months Of Insider Transactions At Painted Pony Energy While there weren't any large insider transactions in the last twelve months, it's still worth looking at the trading. … The transactions are fine but it'd be more encouraging if Painted Pony Energy insiders bought more shares in the company.

Simply Wall St -

Does Painted Pony Energy Ltd.'s (TSE:PONY) CEO Salary Compare Well With Others?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Pat Ward's Compensation Compare With Similar Sized Companies. … has a market capitalization of CA$306m, and pays its CEO total annual compensation worth CA$1.8m.

Simply Wall St -

What We Think Of Painted Pony Energy Ltd.’s (TSE:PONY) Investment Potential

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Return On Capital Employed (ROCE): What is it? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

Painted Pony Energy Ltd. (TSE:PONY) Insiders Increased Their Holdings

So we'll take a look at whether insiders have been buying or selling shares in Painted Pony Energy Ltd. … Painted Pony Energy Insider Transactions Over The Last Year. … In the last twelve months there was more buying than selling by Painted Pony Energy insiders

Simply Wall St -

Is Painted Pony Energy Ltd's (TSE:PONY) CEO Paid At A Competitive Rate?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Pat Ward's Compensation Compare With Similar Sized Companies. … At the time of writing our data says that Painted Pony Energy Ltd has a market cap of CA$335m, and is paying total annual CEO compensation of CA$1.8m

Simply Wall St -

Does Painted Pony Energy Ltd's (TSE:PONY) PE Ratio Signal A Selling Opportunity?

Painted Pony Energy Ltd (TSE:PONY) is currently trading at a trailing P/E of 42.8, which is higher than the industry average of 21.4. … I will deconstruct the P/E ratio and highlight what you need to be careful of when using the P/E ratio … See our latest analysis for Painted Pony Energy

Simply Wall St -

Does Painted Pony Energy Ltd's (TSE:PONY) CEO Pay Reflect Performance?

Recognizing whether CEO incentives are aligned with shareholders is a crucial part of investing. … Incentives can be in the form of compensation, which should always be structured in a way that promotes value-creation to shareholders. … CEOs leading companies of similar size and profitability

Simply Wall St -

Company Info

Description

Painted Pony Energy Ltd. explores for, develops, and produces natural gas and natural gas liquids from the Western Canadian Sedimentary Basin in British Columbia, Canada. It focuses primarily on the development and production of natural gas and natural gas liquids from the Montney formation in northeast British Columbia. The company was formerly known as Painted Pony Petroleum Ltd. and changed its name to Painted Pony Energy Ltd. in May 2017. Painted Pony Energy Ltd. is headquartered in Calgary, Canada.

Details
Name: Painted Pony Energy Ltd.
PONY
Exchange: TSX
Founded:
CA$40,248,923
160,995,692
Website: http://www.paintedpony.ca
Address: Painted Pony Energy Ltd.
520 – 3rd Avenue SW,
Suite 1200,
Calgary,
Alberta, T2P 0R3,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX PONY Common Stock The Toronto Stock Exchange CA CAD 23. May 2007
OTCPK PDPY.F Common Stock Pink Sheets LLC US USD 23. May 2007
DB PPE Common Stock Deutsche Boerse AG DE EUR 23. May 2007
Number of employees
Current staff
Staff numbers
68
Painted Pony 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 03:32
End of day share price update: 2020/03/27 00:00
Last estimates confirmation: 2020/03/27
Last earnings filing: 2020/03/11
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.