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Pinnacle Renewable Energy

DB:506
Snowflake Description

Reasonable growth potential and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
506
DB
CA$189M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Pinnacle Renewable Energy Inc., together with its subsidiaries, manufactures, distributes, and sells industrial wood pellets in North America, Asia, and Europe. The last earnings update was 29 days ago. More info.


Add to Portfolio Compare Print
  • Pinnacle Renewable Energy has significant price volatility in the past 3 months.
506 Share Price and Events
7 Day Returns
8.9%
DB:506
18.1%
DE Oil and Gas
7.3%
DE Market
1 Year Returns
-56%
DB:506
21.9%
DE Oil and Gas
-17.7%
DE Market
506 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Pinnacle Renewable Energy (506) 8.9% -41.5% -47.5% -56% - -
DE Oil and Gas 18.1% -15.9% -28.7% 21.9% -25.6% 137.4%
DE Market 7.3% -17.9% -25.8% -17.7% -25.6% -29%
1 Year Return vs Industry and Market
  • 506 underperformed the Oil and Gas industry which returned 21.9% over the past year.
  • 506 underperformed the Market in Germany which returned -17.7% over the past year.
Price Volatility
506
Industry
5yr Volatility vs Market

Value

 Is Pinnacle Renewable 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 Pinnacle Renewable 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 Pinnacle Renewable Energy.

DB:506 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.5%
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:506
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 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.808 (1 + (1- 26.5%) (193.71%))
1.642
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.64
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.642 * 5.44%)
8.54%

Discounted Cash Flow Calculation for DB:506 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Pinnacle Renewable 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:506 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 8.54%)
2020 9.15 Analyst x3 8.43
2021 15.68 Analyst x4 13.31
2022 79.00 Analyst x1 61.78
2023 134.75 Est @ 70.57% 97.08
2024 201.16 Est @ 49.28% 133.51
2025 270.32 Est @ 34.38% 165.29
2026 335.06 Est @ 23.95% 188.75
2027 390.84 Est @ 16.65% 202.85
2028 435.93 Est @ 11.54% 208.44
2029 470.62 Est @ 7.96% 207.31
Present value of next 10 years cash flows CA$1,286.00
DB:506 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CA$470.62 × (1 + -0.39%) ÷ (8.54% – -0.39%)
CA$5,247.44
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$5,247.44 ÷ (1 + 8.54%)10
CA$2,311.56
DB:506 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$1,286.00 + CA$2,311.56
CA$3,597.56
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$3,597.56 / 33.36
CA$107.84
DB:506 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:506 represents 0.61822x of TSX:PL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.61822x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 107.84 x 0.61822
€66.67
Value per share (EUR) From above. €66.67
Current discount Discount to share price of €3.51
= -1 x (€3.51 - €66.67) / €66.67
94.7%

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

Current Discount
Amount off the current price Pinnacle Renewable Energy is available for.
Intrinsic value
>50%
Share price is €3.51 vs Future cash flow value of €66.67
Current Discount Checks
For Pinnacle Renewable Energy to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Pinnacle Renewable Energy's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Pinnacle Renewable 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 Pinnacle Renewable Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Pinnacle Renewable Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:506 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-27) in CAD CA$-0.33
TSX:PL Share Price ** TSX (2020-03-30) in CAD CA$5.68
Europe Oil and Gas Industry PE Ratio Median Figure of 105 Publicly-Listed Oil and Gas Companies 5.67x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 16.36x

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

** Primary Listing of Pinnacle Renewable Energy.

DB:506 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 5.68 ÷ -0.33

-17.47x

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

  • Pinnacle Renewable Energy is loss making, we can't compare its value to the Europe Oil and Gas industry average.
  • Pinnacle Renewable Energy is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Pinnacle Renewable Energy's expected growth come at a high price?
Raw Data
DB:506 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -17.47x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
130.5%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 65 Publicly-Listed Oil and Gas Companies 0.17x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.2x

*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 Pinnacle Renewable Energy, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Pinnacle Renewable Energy's assets?
Raw Data
DB:506 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-27) in CAD CA$4.90
TSX:PL Share Price * TSX (2020-03-30) in CAD CA$5.68
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 0.94x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.43x
DB:506 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 5.68 ÷ 4.90

1.16x

* Primary Listing of Pinnacle Renewable Energy.

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

  • Pinnacle Renewable Energy is overvalued based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Pinnacle Renewable 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. Pinnacle Renewable Energy has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

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

Future Performance

 How is Pinnacle Renewable Energy expected to perform in the next 1 to 3 years based on estimates from 8 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
130.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Pinnacle Renewable Energy expected to grow at an attractive rate?
  • Pinnacle Renewable Energy's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Pinnacle Renewable Energy's earnings growth is expected to exceed the Germany market average.
  • Pinnacle Renewable Energy's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:506 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:506 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 130.5%
DB:506 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 19.1%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*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:506 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:506 Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31 113
2021-12-31 557 73 15 8
2020-12-31 472 62 4 8
2020-03-31
2019-12-31 390 37 -6 8
DB:506 Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-12-27 378 33 -11
2019-09-27 390 43 2
2019-06-28 385 39 4
2019-03-29 366 41 8
2018-12-28 347 58 2
2018-09-28 317 35 -6
2018-06-29 311 44 -13
2018-03-30 296 47 -19
2017-12-29 293 31 -6
2017-09-29 291 42 -4
2016-12-30 266 31 3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Pinnacle Renewable Energy's earnings are expected to grow significantly at over 20% yearly.
  • Pinnacle Renewable Energy's revenue is expected to grow by 19.1% 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
DB:506 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

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

DB:506 Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 0.78 0.78 0.78 1.00
2021-12-31 0.36 0.67 -0.16 5.00
2020-12-31 0.08 0.34 -0.18 5.00
2020-03-31
2019-12-31 -0.19 -0.16 -0.24 4.00
DB:506 Past Financials Data
Date (Data in CAD Millions) EPS *
2019-12-27 -0.33
2019-09-27 0.06
2019-06-28 0.12
2019-03-29 0.24
2018-12-28 0.05
2018-09-28 -0.12
2018-06-29 -0.34
2018-03-30 -0.56
2017-12-29 -0.22
2017-09-29 -0.34
2016-12-30 0.11

*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.
  • Pinnacle Renewable Energy is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Pinnacle Renewable 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.
Pinnacle Renewable Energy has a total score of 4/6, 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 Pinnacle Renewable 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 Pinnacle Renewable 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.
  • Pinnacle Renewable Energy does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Pinnacle Renewable Energy's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Pinnacle Renewable Energy's 1-year growth to the Europe Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Pinnacle Renewable 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 Pinnacle Renewable Energy Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:506 Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-27 377.81 -10.81 72.52
2019-09-27 390.07 2.13 72.95
2019-06-28 385.13 4.25 66.92
2019-03-29 366.05 8.49 68.27
2018-12-28 347.44 1.76 69.69
2018-09-28 316.67 -5.53 64.26
2018-06-29 311.43 -13.39 65.11
2018-03-30 295.90 -18.68 59.07
2017-12-29 292.73 -6.48 53.69
2017-09-29 290.70 -4.22 54.61
2016-12-30 266.34 3.14 51.81
2015-12-25 225.59 -3.15 52.47
2014-12-26 201.12 -26.29 59.07

*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 Pinnacle Renewable Energy has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Pinnacle Renewable Energy used its assets less efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • It is difficult to establish if Pinnacle Renewable 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 Pinnacle Renewable 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.
Pinnacle Renewable 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 Pinnacle Renewable 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 Pinnacle Renewable Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Pinnacle Renewable Energy is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Pinnacle Renewable Energy's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Pinnacle Renewable Energy's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

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

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

All data from Pinnacle Renewable Energy Company Filings, last reported 3 months ago.

DB:506 Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-27 208.72 328.79 11.27
2019-09-27 214.21 301.64 8.34
2019-06-28 218.43 359.06 9.83
2019-03-29 221.64 341.12 8.51
2018-12-28 230.80 346.77 18.03
2018-09-28 206.49 194.77 7.28
2018-06-29 206.56 195.11 22.35
2018-03-30 202.55 196.95 32.53
2017-12-29 35.20 312.83 18.91
2017-09-29 32.78 265.45 11.60
2016-12-30 37.95 246.30 12.11
2015-12-25 34.00 259.37 15.64
2014-12-26
  • Pinnacle Renewable Energy's level of debt (157.5%) compared to net worth is high (greater than 40%).
  • Unable to establish if Pinnacle Renewable 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.

  • Pinnacle Renewable Energy has less than a year of cash runway based on current free cash flow.
  • Unable to confirm if Pinnacle Renewable Energy has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess Pinnacle Renewable 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. Pinnacle Renewable Energy has a total score of 1/6, 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 Pinnacle Renewable 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
10.56%
Current annual income from Pinnacle Renewable Energy dividends. Estimated to be 10.56% next year.
If you bought €2,000 of Pinnacle Renewable Energy shares you are expected to receive €211 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?
  • Pinnacle Renewable Energy's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.7%).
  • Pinnacle Renewable Energy's dividend is above the markets top 25% of dividend payers in Germany (4.97%).
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:506 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 8 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 9.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 1%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

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

DB:506 Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 0.60 2.00
2021-12-31 0.60 7.00
2020-12-31 0.60 7.00
2020-03-31
2019-12-31 0.60 7.00
DB:506 Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2020-03-03 0.600 9.752
2020-03-02 0.600 6.668
2019-11-12 0.600 6.225
2019-08-12 0.600 7.149
2019-05-08 0.600 5.857
2019-02-21 0.600 5.138
2018-11-05 0.600 5.110
2018-08-02 0.600 3.817
2018-05-02 0.600 4.181

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

  • Whilst dividend payments have been stable, Pinnacle Renewable Energy has been paying a dividend for less than 10 years.
  • Pinnacle Renewable Energy has only been paying a dividend for 2 years, and since then there has been no growth.
Current Payout to shareholders
What portion of Pinnacle Renewable Energy's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (1.1x coverage).
X
Income/ dividend checks
We assess Pinnacle Renewable Energy's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - 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 Pinnacle Renewable Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Pinnacle Renewable Energy has a total score of 2/6, 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 Pinnacle Renewable 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
Rob McCurdy
COMPENSATION CA$1,923,828
AGE 61
TENURE AS CEO 7.4 years
CEO Bio

Mr. Robert McCurdy, also known as Rob, has been Chief Executive Officer of Pinnacle Renewable Holdings Inc. since September 2012 and has been a Director of Pinnacle since June 3, 2013. Mr. McCurdy’s international career has spanned the chemical, construction materials and mining industries in Canada, the USA, Asia and Europe in successively senior roles. Before joining Pinnacle, he spent over twelve years with a world leading producer of building materials and lately he was their Managing Director for India, overseeing 80 manufacturing plants nationwide in a fast growing market. He was responsible for turning this newly acquired business around financially and setting the course to double its size in 5 years. Prior to this, he was based in Paris where he served as the corporate Vice President of Quality, Manufacturing and Vertical Integration for this global business. He earned his B.Sc with Honors from Queens University in 1980 and his EMBA from Carnegie Mellon in 1997.

CEO Compensation
  • Insufficient data for Rob to compare compensation growth.
  • Rob's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the Pinnacle Renewable Energy management team in years:

3.3
Average Tenure
  • The tenure for the Pinnacle Renewable Energy management team is about average.
Management Team

Rob McCurdy

TITLE
CEO & Director
COMPENSATION
CA$2M
AGE
61
TENURE
7.4 yrs

Andrea Johnston

TITLE
Chief Financial Officer
COMPENSATION
CA$606K
TENURE
3 yrs

Scott Bax

TITLE
Chief Operating Officer
COMPENSATION
CA$947K
TENURE
0.7 yrs

Vaughan Bassett

TITLE
Senior Vice President of Sales & Logistics
COMPENSATION
CA$860K
TENURE
8.8 yrs

Iryna Chernykh

TITLE
Director of Accounting

Ranj Sangra

TITLE
General Counsel & Corporate Secretary
TENURE
1.7 yrs

Erin Strong

TITLE
Director of Human Resources
TENURE
3.7 yrs
Board of Directors Tenure

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

4.4
Average Tenure
59
Average Age
  • The tenure for the Pinnacle Renewable Energy board of directors is about average.
Board of Directors

Greg Baylin

TITLE
Chair of the Board
AGE
48

Rob McCurdy

TITLE
CEO & Director
COMPENSATION
CA$2M
AGE
61
TENURE
6.7 yrs

Pat Bell

TITLE
Vice Chair of the Board
COMPENSATION
CA$104K
AGE
62

J. MacDiarmid

TITLE
Independent Director
COMPENSATION
CA$86K
AGE
66
TENURE
2.2 yrs

Leroy Reitsma

TITLE
Director
COMPENSATION
CA$1M
AGE
47
TENURE
8.8 yrs

Jane O’Hagan

TITLE
Independent Director
COMPENSATION
CA$80K
AGE
55
TENURE
2.2 yrs

D. Lay

TITLE
Independent Director
AGE
57
TENURE
7.8 yrs

Rex McLennan

TITLE
Director
AGE
67
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Pinnacle Renewable 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 (€)
27. Mar 20 Buy Prospect Co., Ltd. Company 27. Mar 20 27. Mar 20 30,000 €3.57 €107,244
26. Mar 20 Buy J. MacDiarmid Individual 24. Mar 20 24. Mar 20 4,000 €3.39 €13,555
24. Mar 20 Buy Prospect Co., Ltd. Company 23. Mar 20 24. Mar 20 275,000 €3.35 €873,893
23. Jan 20 Buy Prospect Co., Ltd. Company 22. Jan 20 23. Jan 20 4,400 €7.25 €31,654
17. Jan 20 Buy Prospect Co., Ltd. Company 16. Jan 20 16. Jan 20 300 €7.23 €2,169
15. Jan 19 Buy Prospect Co., Ltd. Company 14. Jan 20 14. Jan 20 110,000 €7.21 €792,786
07. Jan 20 Buy Prospect Co., Ltd. Company 06. Jan 20 06. Jan 20 28,000 €7.08 €198,370
09. Jan 20 Buy Prospect Co., Ltd. Company 08. Jan 20 08. Jan 20 110,000 €7.11 €782,398
08. Jan 20 Buy Prospect Co., Ltd. Company 07. Jan 20 07. Jan 20 151,000 €7.11 €1,073,350
X
Management checks
We assess Pinnacle Renewable 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. Pinnacle Renewable 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

Pinnacle Renewable Energy Inc., together with its subsidiaries, manufactures, distributes, and sells industrial wood pellets in North America, Asia, and Europe. The company produces renewable fuel for electricity generation in the form of industrial wood pellets, which are used by utilities and large-scale power generators to produce renewable and baseload power. It also provides carbon-neutral products for residential customers; and animal bedding and sorbent products for pets. In addition, the company owns and operates the Westview port facility at Prince Rupert for the storage, handling, and loading of third party wood pellets. The company was formerly known as Pinnacle Renewable Holdings Inc. and changed its name to Pinnacle Renewable Energy Inc. in December 2018. Pinnacle Renewable Energy Inc. was founded in 1989 and is headquartered in Richmond, Canada.

Details
Name: Pinnacle Renewable Energy Inc.
506
Exchange: DB
Founded: 1989
CA$121,039,129
33,359,570
Website: http://www.pinnaclepellet.com
Address: Pinnacle Renewable Energy Inc.
350 - 3600 Lysander Lane,
Richmond,
British Columbia, V7B 1C3,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX PL Common Shares The Toronto Stock Exchange CA CAD 06. Feb 2018
OTCPK PINW.F Common Shares Pink Sheets LLC US USD 06. Feb 2018
DB 506 Common Shares Deutsche Boerse AG DE EUR 06. Feb 2018
MUN 506 Common Shares Boerse Muenchen DE EUR 06. Feb 2018
Number of employees
Current staff
Staff numbers
415
Pinnacle Renewable Energy employees.
Industry
Coal and Consumable Fuels
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 00:11
End of day share price update: 2020/03/30 00:00
Last estimates confirmation: 2020/03/27
Last earnings filing: 2020/03/02
Last earnings reported: 2019/12/27
Last annual earnings reported: 2019/12/27


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.