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Valeura Energy

TSX:VLE
Snowflake Description

Excellent balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
VLE
TSX
CA$20M
Market Cap
  1. Home
  2. CA
  3. Energy
Company description

Valeura Energy Inc., together with its subsidiaries, engages in the exploration, development, and production of petroleum and natural gas in Turkey. The last earnings update was 15 days ago. More info.


Add to Portfolio Compare Print
  • Valeura Energy has significant price volatility in the past 3 months.
VLE Share Price and Events
7 Day Returns
2.4%
TSX:VLE
15.2%
CA Oil and Gas
11.4%
CA Market
1 Year Returns
-91.9%
TSX:VLE
-41.5%
CA Oil and Gas
-22%
CA Market
VLE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Valeura Energy (VLE) 2.4% -38.2% -66.1% -91.9% -69.1% -67.7%
CA Oil and Gas 15.2% -37.6% -42.4% -41.5% -49.8% -53.6%
CA Market 11.4% -22.2% -23.5% -22% -19.8% -13.3%
1 Year Return vs Industry and Market
  • VLE underperformed the Oil and Gas industry which returned -41.5% over the past year.
  • VLE underperformed the Market in Canada which returned -22% over the past year.
Price Volatility
VLE
Industry
5yr Volatility vs Market

Value

 Is Valeura 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 Valeura 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 Valeura Energy.

TSX:VLE 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 6.3%
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:VLE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.4%
Equity Risk Premium S&P Global 5.4%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.83
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.825 (1 + (1- 26.5%) (0.48%))
0.885
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.88
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.44% + (0.885 * 5.44%)
6.25%

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

The calculations below outline how an intrinsic value for Valeura 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:VLE DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.25%)
2020 2.08 Analyst x1 1.96
2021 2.08 Analyst x1 1.85
2022 2.09 Est @ 0.43% 1.75
2023 2.11 Est @ 0.73% 1.65
2024 2.13 Est @ 0.95% 1.57
2025 2.15 Est @ 1.09% 1.50
2026 2.18 Est @ 1.2% 1.42
2027 2.21 Est @ 1.27% 1.36
2028 2.23 Est @ 1.32% 1.29
2029 2.26 Est @ 1.36% 1.23
Present value of next 10 years cash flows $15.00
TSX:VLE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $2.26 × (1 + 1.44%) ÷ (6.25% – 1.44%)
$47.72
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $47.72 ÷ (1 + 6.25%)10
$26.02
TSX:VLE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $15.00 + $26.02
$41.02
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $41.02 / 86.58
$0.47
TSX:VLE Discount to Share Price
Calculation Result
Exchange Rate USD/CAD
(Reporting currency to currency of TSX:VLE)
1.407
Value per Share
(CAD)
= Value per Share in USD x Exchange Rate (USD/CAD)
= $0.47 x 1.407
CA$0.67
Value per share (CAD) From above. CA$0.67
Current discount Discount to share price of CA$0.21
= -1 x (CA$0.21 - CA$0.67) / CA$0.67
68.5%

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

Current Discount
Amount off the current price Valeura Energy is available for.
Intrinsic value
>50%
Share price is CA$0.21 vs Future cash flow value of CA$0.6667
Current Discount Checks
For Valeura Energy to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Valeura Energy's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Valeura 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 Valeura Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Valeura Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:VLE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $-0.06
TSX:VLE Share Price ** TSX (2020-03-27) in CAD CA$0.21
TSX:VLE Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.711 $0.15
Canada Oil and Gas Industry PE Ratio Median Figure of 55 Publicly-Listed Oil and Gas Companies 6.35x
Canada Market PE Ratio Median Figure of 499 Publicly-Listed Companies 10.74x

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

** Primary Listing of Valeura Energy.

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

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

= 0.15 ÷ -0.06

-2.68x

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

  • Valeura Energy is loss making, we can't compare its value to the CA Oil and Gas industry average.
  • Valeura Energy is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Valeura Energy's expected growth come at a high price?
Raw Data
TSX:VLE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.68x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
10%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 Valeura Energy, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Valeura Energy's assets?
Raw Data
TSX:VLE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $0.77
TSX:VLE Share Price * TSX (2020-03-27) in CAD CA$0.21
TSX:VLE Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.711 $0.15
Canada Oil and Gas Industry PB Ratio Median Figure of 198 Publicly-Listed Oil and Gas Companies 0.38x
Canada Market PB Ratio Median Figure of 2,352 Publicly-Listed Companies 1x
TSX:VLE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.15 ÷ 0.77

0.19x

* Primary Listing of Valeura Energy.

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

  • Valeura Energy is good value based on assets compared to the CA Oil and Gas industry average.
X
Value checks
We assess Valeura 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. Valeura 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 Valeura 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
10%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Valeura Energy expected to grow at an attractive rate?
  • Unable to compare Valeura Energy's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare Valeura Energy's earnings growth to the Canada market average as it is expected to be loss making during the next 1-3 years.
  • Valeura Energy's revenue growth is positive but not above the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSX:VLE Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:VLE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 10%
TSX:VLE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 2.1%
Canada Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average -3.9%
Canada Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1%
Canada Market Earnings Growth Rate Market Cap Weighted Average 7.7%
Canada Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
TSX:VLE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:VLE Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 10 6 -4 1
2020-12-31 9 6 -5 1
2020-03-28
TSX:VLE Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 10 2 -5
2019-09-30 9 3 -5
2019-06-30 9 2 -6
2019-03-31 9 2 -6
2018-12-31 9 0 -6
2018-09-30 9 1 -6
2018-06-30 10 0 -7
2018-03-31 11 0 -7
2017-12-31 11 3 -7
2017-09-30 11 -2 -9
2017-06-30 10 1 -5
2017-03-31 10 4 -5

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Valeura Energy is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • Valeura Energy's revenue is expected to grow by 2.1% 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:VLE 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 1 Analyst Estimates (S&P Global) See Below

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

TSX:VLE Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 -0.05 -0.05 -0.05 1.00
2020-12-31 -0.05 -0.05 -0.05 1.00
2020-03-28
TSX:VLE Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 -0.06
2019-09-30 -0.05
2019-06-30 -0.08
2019-03-31 -0.07
2018-12-31 -0.07
2018-09-30 -0.07
2018-06-30 -0.10
2018-03-31 -0.09
2017-12-31 -0.09
2017-09-30 -0.13
2017-06-30 -0.08
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.
  • Unable to establish if Valeura Energy will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Valeura 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.
Valeura Energy has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

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

Past Performance

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

TSX:VLE 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 9.51 -4.82 4.12
2019-09-30 9.33 -4.59 4.11
2019-06-30 9.15 -6.50 4.13
2019-03-31 8.81 -5.80 4.40
2018-12-31 8.76 -5.52 4.08
2018-09-30 8.84 -5.75 3.44
2018-06-30 9.83 -7.37 3.94
2018-03-31 10.68 -6.84 3.75
2017-12-31 10.83 -6.69 4.05
2017-09-30 10.93 -8.50 5.05
2017-06-30 10.12 -5.37 4.37
2017-03-31 10.46 -5.32 4.49
2016-12-31 11.09 -4.53 4.29
2016-09-30 11.99 -1.99 4.78
2016-06-30 12.67 -1.17 5.18
2016-03-31 13.20 -1.28 5.12
2015-12-31 14.03 -0.41 5.00
2015-09-30 15.97 -0.11 4.94
2015-06-30 17.78 -0.12 5.11
2015-03-31 17.76 0.73 4.83
2014-12-31 19.04 0.94 5.13
2014-09-30 19.38 -5.78 5.46
2014-06-30 20.06 -10.28 6.03
2014-03-31 18.56 -12.22 6.40
2013-12-31 17.97 -13.72 7.05
2013-09-30 18.08 -19.27 7.28
2013-06-30 18.32 -15.05 7.28
2013-03-31 20.51 -14.14 7.68

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Valeura 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 Valeura 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 Valeura 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 Valeura 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.
Valeura 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 Valeura 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 Valeura Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Valeura Energy is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Valeura Energy's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Valeura 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.
  • Valeura Energy has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Valeura Energy Company Filings, last reported 2 months ago.

TSX:VLE Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 66.32 0.00 36.11
2019-09-30 67.50 0.00 38.49
2019-06-30 67.23 0.00 38.67
2019-03-31 68.69 0.00 47.77
2018-12-31 70.94 0.00 45.99
2018-09-30 69.31 0.00 43.73
2018-06-30 78.16 0.00 42.53
2018-03-31 83.12 0.00 44.12
2017-12-31 43.72 0.00 8.86
2017-09-30 46.39 0.00 2.37
2017-06-30 50.53 0.00 7.62
2017-03-31 48.88 0.00 4.32
2016-12-31 43.63 0.00 1.48
2016-09-30 52.06 0.00 1.78
2016-06-30 54.61 0.00 3.55
2016-03-31 55.88 0.00 2.87
2015-12-31 54.24 0.00 5.03
2015-09-30 52.71 0.00 5.95
2015-06-30 58.37 0.00 6.21
2015-03-31 60.17 0.00 6.38
2014-12-31 67.32 0.00 5.12
2014-09-30 67.73 0.00 5.34
2014-06-30 72.47 0.00 5.26
2014-03-31 69.51 0.00 4.97
2013-12-31 71.52 0.00 6.13
2013-09-30 83.17 0.00 9.57
2013-06-30 88.98 0.00 15.89
2013-03-31 95.83 0.00 22.37
  • Valeura Energy has no debt.
  • Valeura Energy has not taken on any debt in the past 5 years.
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.

  • Valeura Energy has sufficient cash runway for more than 3 years based on current free cash flow.
  • Unable to confirm if Valeura Energy has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess Valeura 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. Valeura Energy has a total score of 5/6, 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 Valeura 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 Valeura Energy dividends. Estimated to be 0% next year.
If you bought CA$2,000 of Valeura 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 Valeura Energy's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Valeura 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:VLE 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 8%
Canada Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 4.7%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.3%
Canada Bottom 25% Dividend Yield 25th Percentile 2.7%
Canada Top 25% Dividend Yield 75th Percentile 8.5%

Industry and Market average data is calculated daily.

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

TSX:VLE Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 1.00
2020-12-31 0.00 1.00
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 Valeura Energy has not reported any payouts.
  • Unable to verify if Valeura Energy's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Valeura Energy's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Valeura Energy has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Valeura Energy's dividends in 3 years as they are not expected to pay a notable one for Canada.
X
Income/ dividend checks
We assess Valeura 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 Valeura Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Valeura 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 Valeura 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
W. Guest
COMPENSATION $1,336,500
AGE 56
TENURE AS CEO 2.2 years
CEO Bio

Dr. W. Sean Guest, B.Sc., Ph.D., has been the Chief Executive Officer of Bukit Energy Inc. since March 2014. Dr. Guest has been President at Valeura Energy Inc. since October 19, 2017 and its Chief Executive Officer since January 1, 2018 and has been Director since May 10, 2018. He was Chief Operating Officer at Valeura Energy Inc. from May 17, 2017 to January 1, 2018. He served as the Chief Executive Officer of Pexco Energy. He has held senior roles with Shell and Woodside Petroleum Ltd. He has more than 25 years of experience in the oil and gas industry, almost all international, including 15 years in senior and executive leadership roles. His early 12-year career with Shell included assignments in the Netherlands, Australia and Malaysia. He subsequently joined Woodside Energy, where he managed its exploration program in Libya from 2005 to 2009, followed by management of the exploration and new business functions in Australia. For the past seven years, he has been Chief Executive Officer of two private, junior international companies with exploration and production operations in Australia, Indonesia, Malaysia and Ethiopia. Dr. Guest has a Ph.D. in Geology in 1993 and a B.Sc. in Applied Science (Honours) in 1985, both from Queen’s University at Kingston.

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

Average tenure of the Valeura Energy management team in years:

1.3
Average Tenure
  • The average tenure for the Valeura Energy management team is less than 2 years, this suggests a new team.
Management Team

W. Guest

TITLE
President
COMPENSATION
$1M
AGE
56
TENURE
2.2 yrs

Heather Campbell

TITLE
Chief Financial Officer
TENURE
0.2 yrs

Peter Sider

TITLE
Chief Operating Officer
AGE
61
TENURE
0.4 yrs

Robin Martin

TITLE
Investor Relations Manager

Rob Sadownyk

TITLE
Vice President of Exploration

Stephanie Stimpson

TITLE
Corporate Secretary
TENURE
14.2 yrs
Board of Directors Tenure

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

2.2
Average Tenure
67.5
Average Age
  • The average tenure for the Valeura Energy board of directors is less than 3 years, this suggests a new board.
Board of Directors

Tim Marchant

TITLE
Independent Chairman of the Board
COMPENSATION
$172K
AGE
68
TENURE
2.2 yrs

W. Guest

TITLE
President
COMPENSATION
$1M
AGE
56
TENURE
1.8 yrs

Russell Hiscock

TITLE
Independent Director
COMPENSATION
$350K
AGE
67
TENURE
2.2 yrs

Jim McFarland

TITLE
Director
COMPENSATION
$265K
AGE
72
TENURE
9.8 yrs

Ron Royal

TITLE
Independent Director
COMPENSATION
$161K
AGE
70
TENURE
9.8 yrs

Kimberley Wood

TITLE
Independent Director
AGE
49
TENURE
1 yrs

Tim Chapman

TITLE
Independent Director
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Valeura Energy individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
07. Feb 20 Buy Heather Campbell Individual 06. Feb 20 06. Feb 20 60,000 CA$0.41 CA$24,600
06. Feb 20 Buy W. Guest Individual 04. Feb 20 04. Feb 20 100,000 CA$0.37 CA$36,500
06. Feb 20 Buy Russell Hiscock Individual 06. Feb 20 06. Feb 20 20,000 CA$0.42 CA$8,400
18. Dec 19 Buy Timothy Marchant Individual 18. Dec 19 18. Dec 19 40,000 CA$0.57 CA$22,800
19. Dec 19 Buy Russell Hiscock Individual 18. Dec 19 18. Dec 19 15,000 CA$0.55 CA$8,250
19. Dec 19 Buy James McFarland Individual 17. Dec 19 17. Dec 19 50,000 CA$0.57 CA$28,500
17. Dec 19 Buy W. Guest Individual 17. Dec 19 17. Dec 19 100,000 CA$0.52 CA$52,000
16. May 19 Buy Russell Hiscock Individual 15. May 19 15. May 19 10,000 CA$2.50 CA$25,000
14. May 19 Buy W. Guest Individual 13. May 19 13. May 19 20,000 CA$2.44 CA$48,638
X
Management checks
We assess Valeura 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. Valeura 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

The Valeura Energy (TSE:VLE) Share Price Has Soared 545%, Delighting Many Shareholders

View our latest analysis for Valeura Energy Valeura Energy isn't currently profitable, so most analysts would look to revenue growth to get an idea of how fast the underlying business is growing. … There can be no doubt this kind of decoupling of revenue growth and share price growth is unusual to see in loss making companies. … It is all well and good that insiders have been buying shares, but we suggest you check here to see what price insiders were buying at.

Simply Wall St -

Who Has Been Buying Valeura Energy Inc. (TSE:VLE) Shares?

TSX:VLE Recent Insider Trading, August 8th 2019 Insiders at Valeura Energy Have Bought Stock Recently It's good to see that Valeura Energy insiders have made notable investments in the company's shares. … Insider Ownership of Valeura Energy Many investors like to check how much of a company is owned by insiders. … Insiders likely see value in Valeura Energy shares, given these transactions (along with notable insider ownership of the company).

Simply Wall St -

What You Must Know About Valeura Energy Inc.'s (TSE:VLE) Beta Value

The second type is the broader market volatility, which you cannot diversify away, since it arises from macroeconomic factors which directly affects all the stocks on the market. … Some stocks mimic the volatility of the market quite closely, while others demonstrate muted, exagerrated or uncorrelated price movements. … What this means for you: One potential advantage of owning low beta stocks like Valeura Energy is that your overall portfolio won't be too sensitive to overall market movements.

Simply Wall St -

What Kind Of Shareholder Appears On The Valeura Energy Inc.'s (TSE:VLE) Shareholder Register?

As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.' With a market capitalization of CA$190m, Valeura Energy is a small cap stock, so it might not be well known by many institutional investors. … View our latest analysis for Valeura Energy TSX:VLE Ownership Summary, June 11th 2019 What Does The Institutional Ownership Tell Us About Valeura Energy? … General Public Ownership The general public, mostly retail investors, hold a substantial 68% stake in VLE, suggesting it is a fairly popular stock.

Simply Wall St -

Valeura Energy's (TSE:VLE) Wonderful 350% Share Price Increase Shows How Capitalism Can Build Wealth

Only time will tell if there is still too much optimism currently reflected in the share price. … Valeura 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). … There can be no doubt this kind of decoupling of revenue growth and share price growth is unusual to see in loss making companies.

Simply Wall St -

Do Directors Own Valeura Energy Inc. (TSE:VLE) Shares?

Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … Valeura Energy is a smaller company with a market capitalization of CA$258m, so it may still be flying under the radar of many institutional investors. … institutional investors have bought into the company

Simply Wall St -

Have Insiders Been Selling Valeura Energy Inc. (TSE:VLE) Shares?

(TSE:VLE), you may well want to know whether insiders have been buying or selling. … Valeura Energy Insider Transactions Over The Last Year. … Over the last year we saw more insider selling of Valeura Energy shares, than buying.

Simply Wall St -

How Financially Strong Is Valeura Energy Inc (TSE:VLE)?

The direct benefit for Valeura Energy Inc (TSE:VLE), which sports a zero-debt capital structure, to include debt in its capital structure is the reduced cost of capital. … Is VLE growing fast enough to value financial flexibility over lower cost of capital. … Debt capital generally has lower cost of capital compared to equity funding

Simply Wall St -

How Does Valeura Energy Inc (TSE:VLE) Affect Your Portfolio Volatility?

If you're interested in Valeura Energy Inc (TSE:VLE), 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 -

What You Must Know About Valeura Energy Inc's (TSE:VLE) Financial Strength

However, it also faces higher cost of capital given interest cost is generally lower than equity. … Is VLE growing fast enough to value financial flexibility over lower cost of capital … Debt capital generally has lower cost of capital compared to equity funding.

Simply Wall St -

Company Info

Description

Valeura Energy Inc., together with its subsidiaries, engages in the exploration, development, and production of petroleum and natural gas in Turkey. As of December 31, 2019, the company had working interests in 20 production leases and exploration licenses covering approximately 0.46 million gross acres in the Thrace Basin of northwest Turkey. Valeura Energy Inc. was founded in 2010 and is headquartered in Calgary, Canada.

Details
Name: Valeura Energy Inc.
VLE
Exchange: TSX
Founded: 2010
CA$20,347,472
86,584,989
Website: http://www.valeuraenergy.com
Address: Valeura Energy Inc.
Bow Valley Square 1,
Suite 1200,
Calgary,
Alberta, T2P 2R9,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX VLE Common Shares The Toronto Stock Exchange CA CAD 11. Apr 2010
OTCPK PNWR.F Common Shares Pink Sheets LLC US USD 11. Apr 2010
DB 83PN Common Shares Deutsche Boerse AG DE EUR 11. Apr 2010
LSE VLU Common Shares London Stock Exchange GB GBP 11. Apr 2010
Number of employees
Current staff
Staff numbers
82
Valeura 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 02:09
End of day share price update: 2020/03/27 00:00
Last estimates confirmation: 2020/03/20
Last earnings filing: 2020/03/13
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.