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Pieridae Energy

DB:4P31
Snowflake Description

Fair value with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
4P31
DB
CA$60M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Pieridae Energy Limited engages in the acquisition, exploration, and development of petroleum and natural gas resources in Canada. The last earnings update was 154 days ago. More info.


Add to Portfolio Compare Print
  • Pieridae Energy has significant price volatility in the past 3 months.
4P31 Share Price and Events
7 Day Returns
252.1%
DB:4P31
6.5%
DE Oil and Gas
2.1%
DE Market
1 Year Returns
-83.3%
DB:4P31
28.1%
DE Oil and Gas
-16.6%
DE Market
4P31 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Pieridae Energy (4P31) 252.1% 92.5% -59.6% -83.3% - -
DE Oil and Gas 6.5% -7.3% -23.7% 28.1% -18.9% 149.7%
DE Market 2.1% -12.6% -22.9% -16.6% -21.9% -27.8%
1 Year Return vs Industry and Market
  • 4P31 underperformed the Oil and Gas industry which returned 28.1% over the past year.
  • 4P31 underperformed the Market in Germany which returned -16.6% over the past year.
Price Volatility
4P31
Industry
5yr Volatility vs Market

Value

 Is Pieridae 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 Pieridae 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 Pieridae Energy.

DB:4P31 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 7.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

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 DB:4P31
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.948 (1 + (1- 26.5%) (104.28%))
1.452
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.45
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.452 * 5.44%)
7.51%

Discounted Cash Flow Calculation for DB:4P31 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Pieridae 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.

DB:4P31 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 7.51%)
2020 10.00 Analyst x1 9.30
2021 14.34 Est @ 43.37% 12.40
2022 18.67 Est @ 30.24% 15.03
2023 22.60 Est @ 21.05% 16.92
2024 25.91 Est @ 14.62% 18.04
2025 28.53 Est @ 10.12% 18.48
2026 30.52 Est @ 6.96% 18.39
2027 31.97 Est @ 4.76% 17.92
2028 33.00 Est @ 3.21% 17.20
2029 33.70 Est @ 2.13% 16.34
Present value of next 10 years cash flows CA$160.00
DB:4P31 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CA$33.70 × (1 + -0.39%) ÷ (7.51% – -0.39%)
CA$425.06
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$425.06 ÷ (1 + 7.51%)10
CA$206.09
DB:4P31 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$160.00 + CA$206.09
CA$366.09
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$366.09 / 157.64
CA$2.32
DB:4P31 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:4P31 represents 0.54211x of TSXV:PEA
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.54211x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 2.32 x 0.54211
€1.26
Value per share (EUR) From above. €1.26
Current discount Discount to share price of €0.21
= -1 x (€0.21 - €1.26) / €1.26
83.6%

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

Current Discount
Amount off the current price Pieridae Energy is available for.
Intrinsic value
>50%
Share price is €0.21 vs Future cash flow value of €1.26
Current Discount Checks
For Pieridae Energy to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Pieridae Energy's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Pieridae 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 Pieridae Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Pieridae Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:4P31 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in CAD CA$-0.72
TSXV:PEA Share Price ** TSXV (2020-04-07) in CAD CA$0.38
Europe Oil and Gas Industry PE Ratio Median Figure of 104 Publicly-Listed Oil and Gas Companies 6.51x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 16.83x

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

** Primary Listing of Pieridae Energy.

DB:4P31 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:PEA Share Price ÷ EPS (both in CAD)

= 0.38 ÷ -0.72

-0.53x

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

  • Pieridae Energy is loss making, we can't compare its value to the Europe Oil and Gas industry average.
  • Pieridae Energy is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Pieridae Energy's expected growth come at a high price?
Raw Data
DB:4P31 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.53x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
Europe Oil and Gas Industry PEG Ratio Median Figure of 66 Publicly-Listed Oil and Gas Companies 0.32x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.22x

*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 Pieridae Energy, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Pieridae Energy's assets?
Raw Data
DB:4P31 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in CAD CA$0.79
TSXV:PEA Share Price * TSXV (2020-04-07) in CAD CA$0.38
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.45x
DB:4P31 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:PEA Share Price ÷ Book Value per Share (both in CAD)

= 0.38 ÷ 0.79

0.48x

* Primary Listing of Pieridae Energy.

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

  • Pieridae Energy is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Pieridae 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. Pieridae 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 Pieridae 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
13.1%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Pieridae Energy expected to grow at an attractive rate?
  • Unable to compare Pieridae Energy's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Pieridae Energy's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Pieridae Energy's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:4P31 Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13.1%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14%
Germany 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
DB:4P31 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 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.
DB:4P31 Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 4,905 973 1
2020-12-31 89
2020-04-08
2019-12-31 -2
DB:4P31 Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-09-30 53 -35 -55
2019-06-30 40 -38 -62
2019-03-31 26 -23 -45
2018-12-31 3 -8 -35
2018-09-30 0 -17 -29
2018-06-30 0 -13 -11
2018-03-31 0 -12 -10
2017-12-31 0 -10 -9
2017-09-30 -1 -11
2017-06-30 -2 -10
2017-03-31 -3 -9
2016-12-31 -8 -14

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Pieridae Energy is high growth as no earnings estimate data is available.
  • Unable to determine if Pieridae 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
DB:4P31 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Pieridae Energy Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:4P31 Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2020-12-31
2020-04-08
2019-12-31
DB:4P31 Past Financials Data
Date (Data in CAD Millions) EPS *
2019-09-30 -0.72
2019-06-30 -0.93
2019-03-31 -0.77
2018-12-31 -0.68
2018-09-30 -0.59
2018-06-30 -0.24
2018-03-31 -0.23
2017-12-31 -0.24
2017-09-30 -0.38
2017-06-30 -0.43
2017-03-31 -0.45
2016-12-31 -0.90

*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 Pieridae Energy will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Pieridae 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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Pieridae 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 Pieridae 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 Pieridae 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.
  • Pieridae Energy does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Pieridae Energy's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Pieridae Energy's 1-year growth to the Europe Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Pieridae 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 Pieridae Energy Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:4P31 Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 52.59 -54.55 23.38
2019-06-30 39.67 -61.74 18.91
2019-03-31 26.35 -44.92 14.76
2018-12-31 2.73 -34.87 10.87
2018-09-30 0.39 -29.09 8.31
2018-06-30 0.17 -10.85 7.10
2018-03-31 0.11 -9.71 6.24
2017-12-31 0.09 -8.83 4.51
2017-09-30 -11.12 -0.54 -6.32
2017-06-30 -10.36 0.29 -6.07
2017-03-31 -9.22 0.45 -5.32
2016-12-31 -14.00 1.35
2015-12-31 -35.39 3.65 30.61
2014-12-31 -13.66 0.61 12.55

*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 Pieridae 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 Pieridae Energy has efficiently used its assets last year compared to the Europe Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Pieridae 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 Pieridae 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.
Pieridae 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 Pieridae 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 Pieridae Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Pieridae Energy's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Pieridae Energy's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Pieridae 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 0.7x 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 Pieridae Energy Company Filings, last reported 6 months ago.

DB:4P31 Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 68.67 60.00 6.84
2019-06-30 81.33 60.00 9.15
2019-03-31 98.18 50.01 14.70
2018-12-31 91.75 50.01 7.65
2018-09-30 35.32 0.01 11.23
2018-06-30 55.32 0.01 14.65
2018-03-31 57.62 0.01 17.30
2017-12-31 59.36 0.04 19.62
2017-09-30 -22.03 11.72 0.03
2017-06-30 -19.80 11.60 0.02
2017-03-31 -18.58 11.77 0.19
2016-12-31 -17.05 11.63 0.20
2015-12-31 -7.42 9.69 4.50
2014-12-31
  • Pieridae Energy's level of debt (87.4%) compared to net worth is high (greater than 40%).
  • Unable to establish if Pieridae Energy's debt level has increased without past 5-year debt data.
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.

  • Pieridae Energy has less than a year of cash runway based on current free cash flow.
  • Unable to confirm if Pieridae Energy has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess Pieridae 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. Pieridae Energy has a total score of 0/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

 What is Pieridae 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 Pieridae Energy dividends.
If you bought €2,000 of Pieridae Energy shares you are expected to receive €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 Pieridae Energy's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Pieridae 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
DB:4P31 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
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 8.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.7%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

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

DB:4P31 Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2020-12-31
2020-04-08
2019-12-31

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

  • Unable to perform a dividend volatility check as Pieridae Energy has not reported any payouts.
  • Unable to verify if Pieridae Energy's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Pieridae Energy's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Pieridae 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 Pieridae Energy's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Pieridae Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Pieridae 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 Pieridae 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
Alfred Sorensen
COMPENSATION CA$549,905
AGE 57
TENURE AS CEO 2.5 years
CEO Bio

Mr. Alfred B. Sorensen, B.Comm, CA, is the President of Pieridae Energy Limited since 2012 and has been its Director since May 29, 2012. He has been Chief Executive Officer of Pieridae Energy Limited since October 24, 2017. Mr. Sorensen serves as the Head of DEI Europe and Senior Vice President of DEI of Duke Energy International, LLC. Mr. Sorensen is the Founder of Galveston LNG Inc. and serves as its President and Chief Executive Officer. He serves as the Chief Executive Officer of Kitimat LNG Inc. at Galveston LNG Inc. He serves as an Executive in Residence at the University of Alberta Business School. He has a wealth of experience in the energy sector. He served as the Chief Executive Officer of Canadian Spirit Resources Inc. since July 2012 until September 1, 2014 and served as its Secretary. He served as an Interim Chief Executive Officer of Canadian Spirit Resources Inc., from April 2012 to June 2012. He has over 25 years of experience in the natural gas business both in Canada and internationally. He has key strength in developing creative solutions to monetize natural gas assets. He served as the President of the Canadian trading division of Duke Energy Trading and Marketing since 1997. He began his career at Duke Energy in 1987 as a Marketing Representative. He served in a number of positions of increasing responsibility within the trading company. Since 1999, he was responsible for expanding DETM's Canadian division into power trading from its gas trading platform. He served as the President of Duke Energy (Europe) Ltd., where he was responsible for the development of its European strategy. He established a full-scale energy-trading unit. He was a Partner of Continental Energy Marketing Ltd. He has been an Independent Director of Sierra Geothermal Power Corp. since March 12, 2008. He has been a Director of Canadian Spirit Resources Inc. since January 9, 2012. He serves as a Director of Galveston LNG Inc. He serves as a Member of the Business Advisory Council at the University of Alberta Business School. He is recognized for his contribution to the arts, education and charitable foundations in Alberta. He is an Independent Consultant. Mr. Sorensen is a Chartered Accountant and holds a Bachelor of Commerce Degree from the University of Alberta.

CEO Compensation
  • Alfred's compensation has increased whilst company is loss making.
  • Alfred's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

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

1.3
Average Tenure
57
Average Age
  • The average tenure for the Pieridae Energy management team is less than 2 years, this suggests a new team.
Management Team

Alfred Sorensen

TITLE
CEO, President & Director
COMPENSATION
CA$550K
AGE
57
TENURE
2.5 yrs

Thomas Ciz

TITLE
General Counsel & Corporate Secretary
COMPENSATION
CA$243K
AGE
59
TENURE
2.5 yrs

Thom Dawson

TITLE
Senior Vice President of Business Development
COMPENSATION
CA$450K
AGE
56
TENURE
1.3 yrs

Rob Dargewitcz

TITLE
Chief Financial Officer
TENURE
0.4 yrs

Tim de Freitas

TITLE
COO & Director
AGE
57
TENURE
1.3 yrs

Justine Davis

TITLE
Vice President of Business Development
Board of Directors Tenure

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

2.1
Average Tenure
57
Average Age
  • The average tenure for the Pieridae Energy board of directors is less than 3 years, this suggests a new board.
Board of Directors

Myron Tétreault

TITLE
Independent Chairman
COMPENSATION
CA$379K
AGE
52
TENURE
2.4 yrs

Alfred Sorensen

TITLE
CEO, President & Director
COMPENSATION
CA$550K
AGE
57
TENURE
7.9 yrs

Tim de Freitas

TITLE
COO & Director
AGE
57
TENURE
1.3 yrs

Charles Boulanger

TITLE
Independent Director
COMPENSATION
CA$246K
AGE
62
TENURE
7.3 yrs

Andrew Judson

TITLE
Independent Director
COMPENSATION
CA$89K
AGE
51
TENURE
4.8 yrs

Kjell Stavanger

TITLE
Independent Director
COMPENSATION
CA$220K
AGE
65
TENURE
1.8 yrs

Charle Gamba

TITLE
Independent Director
AGE
55
TENURE
0.8 yrs

Mark Horrox

TITLE
Independent Director
TENURE
0.4 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Pieridae Energy individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
09. Mar 20 Buy Rob Dargewitcz Individual 28. Feb 20 03. Mar 20 75,490 €0.21 €15,912
09. Jan 20 Buy Rob Dargewitcz Individual 30. Dec 19 30. Dec 19 27,778 €0.49 €13,657
18. Oct 19 Buy Martin Bélanger Individual 18. Oct 19 18. Oct 19 10,870 €0.63 €6,822
31. Oct 19 Buy Charle Gamba Individual 24. Oct 19 24. Oct 19 116,258 €0.59 €68,868
30. Oct 19 Buy Charles Boulanger Individual 17. Oct 19 17. Oct 19 87,209 €0.59 €51,349
08. Jul 19 Buy Charles Boulanger Individual 27. Jun 19 27. Jun 19 87,209 €0.60 €52,061
04. Jul 19 Buy Alfred Sorensen Individual 27. Jun 19 27. Jun 19 2,325,581 €0.58 €1,341,496
02. Jul 19 Buy Myron Tétreault Individual 27. Jun 19 27. Jun 19 145,349 €0.58 €83,844
X
Management checks
We assess Pieridae 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. Pieridae 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

Company Info

Description

Pieridae Energy Limited engages in the acquisition, exploration, and development of petroleum and natural gas resources in Canada. The company holds interests in 19,342 net acres in Ojay area, and 212,155 net acres in the Deep Basin Sierra and Ekwan areas, British Columbia; and 220,212 net acres in Northern Alberta Foothills, 180,938 net acres in Central Alberta Foothills, and 5,423 net acres in Southern Alberta Foothills, Alberta. It also holds interests in Bourque, Gastonguay, Matapédia, and Restigouche properties located in Quebec; and approximately 50,000 acres of land in New Brunswick. The company is headquartered in Calgary, Canada.

Details
Name: Pieridae Energy Limited
4P31
Exchange: DB
Founded:
CA$39,310,871
157,641,871
Website: http://www.pieridaeenergy.com
Address: Pieridae Energy Limited
308-4th Avenue SW,
Suite 3100,
Calgary,
Alberta, T2P 0H7,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV PEA Common Shares TSX Venture Exchange CA CAD 25. Oct 2017
OTCPK PTOA.F Common Shares Pink Sheets LLC US USD 25. Oct 2017
DB 4P31 Common Shares Deutsche Boerse AG DE EUR 25. Oct 2017
Number of employees
Current staff
Staff numbers
63
Pieridae Energy employees.
Industry
Integrated Oil and Gas
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 02:52
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/03/26
Last earnings filing: 2019/11/06
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


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.