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High Arctic Energy Services

DB:6LQ
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
6LQ
DB
CA$28M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

High Arctic Energy Services Inc., an oilfield services company, provides oilfield services to exploration and production companies in Canada, Papua New Guinea, and the United States. The last earnings update was 26 days ago. More info.


Add to Portfolio Compare Print
  • High Arctic Energy Services has significant price volatility in the past 3 months.
6LQ Share Price and Events
7 Day Returns
3.6%
DB:6LQ
8.1%
Europe Energy Services
-0.6%
DE Market
1 Year Returns
-86.2%
DB:6LQ
-57.2%
Europe Energy Services
-20.9%
DE Market
6LQ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
High Arctic Energy Services (6LQ) 3.6% -61.1% -76.3% -86.2% -90.5% -
Europe Energy Services 8.1% -27.8% -50.1% -57.2% -65.6% -87.6%
DE Market -0.6% -16.6% -26% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • 6LQ underperformed the Energy Services industry which returned -57.2% over the past year.
  • 6LQ underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
6LQ
Industry
5yr Volatility vs Market

Value

 Is High Arctic Energy Services 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 High Arctic Energy Services 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 High Arctic Energy Services.

DB:6LQ 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 5.7%
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:6LQ
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Energy Services Unlevered Beta Simply Wall St/ S&P Global 0.91
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.912 (1 + (1- 26.5%) (38.5%))
1.114
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.11
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.114 * 5.44%)
5.67%

Discounted Cash Flow Calculation for DB:6LQ using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for High Arctic Energy Services 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:6LQ DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 5.67%)
2020 -3.00 Analyst x1 -2.84
2021 5.00 Analyst x1 4.48
2022 6.00 Analyst x1 5.09
2023 6.70 Est @ 11.6% 5.37
2024 7.23 Est @ 8% 5.49
2025 7.63 Est @ 5.48% 5.48
2026 7.91 Est @ 3.72% 5.38
2027 8.11 Est @ 2.49% 5.22
2028 8.24 Est @ 1.63% 5.02
2029 8.33 Est @ 1.02% 4.80
Present value of next 10 years cash flows CA$43.00
DB:6LQ DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CA$8.33 × (1 + -0.39%) ÷ (5.67% – -0.39%)
CA$136.89
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$136.89 ÷ (1 + 5.67%)10
CA$78.88
DB:6LQ Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$43.00 + CA$78.88
CA$121.88
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$121.88 / 49.62
CA$2.46
DB:6LQ Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:6LQ represents 0.61428x of TSX:HWO
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.61428x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 2.46 x 0.61428
€1.51
Value per share (EUR) From above. €1.51
Current discount Discount to share price of €0.34
= -1 x (€0.34 - €1.51) / €1.51
77.2%

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

Current Discount
Amount off the current price High Arctic Energy Services is available for.
Intrinsic value
>50%
Share price is €0.34 vs Future cash flow value of €1.51
Current Discount Checks
For High Arctic Energy Services to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • High Arctic Energy Services's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • High Arctic Energy Services'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 High Arctic Energy Services's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are High Arctic Energy Services's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:6LQ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CAD CA$-0.18
TSX:HWO Share Price ** TSX (2020-04-06) in CAD CA$0.56
Europe Energy Services Industry PE Ratio Median Figure of 31 Publicly-Listed Energy Services Companies 8.85x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.45x

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

** Primary Listing of High Arctic Energy Services.

DB:6LQ PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 0.56 ÷ -0.18

-3.18x

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

  • High Arctic Energy Services is loss making, we can't compare its value to the Europe Energy Services industry average.
  • High Arctic Energy Services is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does High Arctic Energy Services's expected growth come at a high price?
Raw Data
DB:6LQ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -3.18x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
-7.3%per year
Europe Energy Services Industry PEG Ratio Median Figure of 20 Publicly-Listed Energy Services Companies 0.51x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.16x

*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 High Arctic Energy Services, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on High Arctic Energy Services's assets?
Raw Data
DB:6LQ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CAD CA$4.14
TSX:HWO Share Price * TSX (2020-04-06) in CAD CA$0.56
Europe Energy Services Industry PB Ratio Median Figure of 70 Publicly-Listed Energy Services Companies 0.4x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:6LQ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.56 ÷ 4.14

0.14x

* Primary Listing of High Arctic Energy Services.

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

  • High Arctic Energy Services is good value based on assets compared to the Europe Energy Services industry average.
X
Value checks
We assess High Arctic Energy Services'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 Energy Services 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 Energy Services industry average (and greater than 0)? (1 check)
  5. High Arctic Energy Services 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 High Arctic Energy Services 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
-7.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is High Arctic Energy Services expected to grow at an attractive rate?
  • Unable to compare High Arctic Energy Services'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 High Arctic Energy Services's earnings growth to the Germany market average as it is expected to be loss making during the next 1-3 years.
  • High Arctic Energy Services's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:6LQ Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:6LQ Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts -7.3%
DB:6LQ Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts -17.2%
Europe Energy Services Industry Earnings Growth Rate Market Cap Weighted Average 21.1%
Europe Energy Services Industry Revenue Growth Rate Market Cap Weighted Average -0.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
DB:6LQ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:6LQ Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 126 12 -14 1
2021-12-31 119 11 -15 1
2020-12-31 110 4 -20 1
2020-04-07
DB:6LQ Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-12-31 186 13 -9
2019-09-30 191 28 -8
2019-06-30 196 30 0
2019-03-31 196 37 6
2018-12-31 203 42 11
2018-09-30 207 31 17
2018-06-30 195 29 13
2018-03-31 199 44 16
2017-12-31 210 34 20
2017-09-30 221 32 24
2017-06-30 226 32 42
2017-03-31 218 26 43

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • High Arctic Energy Services is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • High Arctic Energy Services's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:6LQ Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

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

DB:6LQ Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 -0.29 -0.29 -0.29 1.00
2021-12-31 -0.31 -0.31 -0.31 1.00
2020-12-31 -0.41 -0.41 -0.41 1.00
2020-04-07
DB:6LQ Past Financials Data
Date (Data in CAD Millions) EPS *
2019-12-31 -0.18
2019-09-30 -0.17
2019-06-30 0.00
2019-03-31 0.12
2018-12-31 0.22
2018-09-30 0.33
2018-06-30 0.24
2018-03-31 0.29
2017-12-31 0.38
2017-09-30 0.46
2017-06-30 0.79
2017-03-31 0.81

*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 High Arctic Energy Services will efficiently use shareholders’ funds in the future (Return on Equity greater than 20%) as it is not expected to be profitable.
X
Future performance checks
We assess High Arctic Energy Services'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.
High Arctic Energy Services 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 High Arctic Energy Services 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 High Arctic Energy Services's growth in the last year to its industry (Energy Services).
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.
  • High Arctic Energy Services does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare High Arctic Energy Services's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare High Arctic Energy Services's 1-year growth to the Europe Energy Services industry average as it is not currently profitable.
Earnings and Revenue History
High Arctic Energy Services'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 High Arctic Energy Services Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:6LQ Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 185.50 -8.80 31.80
2019-09-30 190.50 -8.40 35.80
2019-06-30 195.60 0.20 36.00
2019-03-31 196.10 6.00 36.00
2018-12-31 203.30 11.40 37.10
2018-09-30 207.00 17.20 37.00
2018-06-30 195.10 12.50 35.00
2018-03-31 199.10 15.70 34.50
2017-12-31 210.20 20.30 34.60
2017-09-30 221.00 24.30 38.90
2017-06-30 225.70 41.60 44.00
2017-03-31 218.10 42.90 47.00
2016-12-31 208.00 45.10 50.10
2016-09-30 203.70 47.30 50.70
2016-06-30 214.70 37.40 53.90
2016-03-31 219.90 38.30 57.20
2015-12-31 209.90 31.90 59.50
2015-09-30 198.10 30.70 59.20
2015-06-30 180.90 24.20 74.90
2015-03-31 172.00 23.70 54.10
2014-12-31 171.80 28.20 51.10
2014-09-30 164.30 26.10 70.90
2014-06-30 159.30 30.10 25.80
2014-03-31 152.40 25.50 42.00
2013-12-31 152.70 24.60 41.20
2013-09-30 152.60 24.10 17.80
2013-06-30 152.10 22.90 40.30

*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 High Arctic Energy Services has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if High Arctic Energy Services has efficiently used its assets last year compared to the Europe Energy Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if High Arctic Energy Services 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 High Arctic Energy Services'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 Energy Services 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.
High Arctic Energy Services 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 High Arctic Energy Services'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 High Arctic Energy Services's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • High Arctic Energy Services is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • High Arctic Energy Services's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of High Arctic Energy Services'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.
  • High Arctic Energy Services 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 High Arctic Energy Services Company Filings, last reported 3 months ago.

DB:6LQ Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 205.60 0.00 9.30
2019-09-30 212.50 0.00 12.10
2019-06-30 214.90 0.00 14.70
2019-03-31 225.10 0.00 23.90
2018-12-31 234.20 0.00 32.50
2018-09-30 233.30 4.80 24.00
2018-06-30 231.70 0.00 30.00
2018-03-31 233.00 0.00 21.40
2017-12-31 230.80 0.00 24.50
2017-09-30 227.90 9.00 29.40
2017-06-30 233.40 6.10 29.30
2017-03-31 234.60 25.50 22.60
2016-12-31 230.20 24.00 32.10
2016-09-30 218.10 30.60 35.40
2016-06-30 200.00 0.00 50.50
2016-03-31 199.60 0.00 32.40
2015-12-31 201.20 4.00 26.10
2015-09-30 191.90 9.00 33.90
2015-06-30 180.20 0.00 26.20
2015-03-31 177.30 0.00 28.40
2014-12-31 165.60 0.00 37.20
2014-09-30 155.30 0.00 46.00
2014-06-30 124.50 6.70 47.20
2014-03-31 122.80 6.70 42.90
2013-12-31 111.80 6.70 33.70
2013-09-30 104.00 6.70 28.70
2013-06-30 99.50 10.70 30.40
  • High Arctic Energy Services has no debt.
  • High Arctic Energy Services currently has no debt however we can't compare to 5 years ago as we have no data for that period.
  • High Arctic Energy Services has no debt, it does not need to be covered by operating cash flow.
  • High Arctic Energy Services has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess High Arctic Energy Services'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. High Arctic Energy Services has a total score of 6/6, 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 High Arctic Energy Services'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 High Arctic Energy Services dividends. Estimated to be 2.98% next year.
If you bought €2,000 of High Arctic Energy Services 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 High Arctic Energy Services's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate High Arctic Energy Services'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:6LQ 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 Energy Services Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 6.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 315 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

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

DB:6LQ Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.00 1.00
2021-12-31 0.00 1.00
2020-12-31 0.05 1.00
2020-04-07
DB:6LQ Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2020-03-20 0.000 0.000
2020-01-22 0.198 15.461
2019-12-18 0.198 9.512
2019-11-20 0.198 10.152
2019-10-22 0.198 9.044
2019-09-19 0.198 8.698
2019-08-21 0.198 8.315
2019-07-22 0.198 6.924
2019-06-19 0.198 5.951
2019-05-22 0.198 5.943
2019-04-18 0.198 5.205
2019-03-20 0.198 5.132
2019-02-19 0.198 5.049
2019-01-22 0.198 5.180
2018-12-17 0.198 5.731
2018-10-22 0.198 5.721
2018-09-19 0.198 5.011
2018-08-22 0.198 4.722
2018-07-20 0.198 5.056
2018-06-20 0.198 5.132
2018-05-22 0.198 5.011
2018-04-20 0.198 4.843
2018-02-20 0.198 5.182
2018-01-23 0.198 4.991
2017-12-18 0.198 4.927
2017-11-21 0.198 5.089
2017-10-20 0.198 4.740
2017-08-22 0.198 4.864
2017-06-21 0.198 4.952
2017-05-19 0.198 4.146
2017-04-19 0.198 4.089
2017-03-22 0.198 3.866
2017-02-16 0.198 3.399
2017-01-20 0.198 3.308
2016-12-19 0.198 3.700
2016-11-21 0.198 4.096
2016-10-20 0.198 4.273
2016-09-21 0.198 4.548
2016-08-22 0.198 5.264
2016-07-20 0.198 5.370
2016-06-21 0.198 5.032
2016-05-19 0.198 4.803
2016-04-20 0.198 5.166
2016-03-21 0.198 5.478
2016-02-18 0.198 6.301
2016-01-20 0.198 6.273
2015-12-17 0.198 6.023
2015-11-19 0.198 5.675
2015-10-21 0.198 5.251
2015-09-21 0.198 5.603
2015-08-20 0.198 5.445
2015-07-22 0.198 5.338
2015-06-22 0.198 5.162
2015-05-20 0.198 5.058
2015-04-21 0.198 4.796
2015-03-20 0.198 5.210
2015-02-18 0.198 5.473
2015-01-21 0.198 5.269
2014-12-18 0.198 5.292
2014-11-13 0.198 5.228
2014-10-22 0.180 4.369
2014-09-19 0.180 4.035
2014-08-20 0.180 3.409
2014-07-22 0.180 3.516
2014-06-19 0.180 3.401
2014-05-21 0.180 3.308
2014-04-21 0.180 3.359
2014-03-17 0.180 3.906
2014-02-19 0.150 3.952
2014-01-22 0.150 4.135
2013-12-18 0.150 4.033
2013-11-20 0.150 4.340
2013-10-22 0.150 5.129
2013-09-19 0.150 5.599
2013-08-21 0.150 5.647
2013-07-22 0.150 5.845
2013-06-19 0.150 7.134
2013-05-21 0.150 6.963
2013-04-19 0.150 6.485
2013-03-19 0.150 6.384
2013-02-19 0.120 5.114
2013-01-16 0.120 4.732
2012-12-14 0.120 5.534
2012-11-21 0.120 6.204
2012-10-19 0.120 5.380
2012-09-18 0.120 6.205
2012-08-21 0.120 6.903
2012-07-20 0.120 7.435
2012-06-19 0.120 7.266
2012-05-17 0.120 6.931

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

  • Unable to perform a dividend volatility check as High Arctic Energy Services has not reported any payouts.
  • Unable to verify if High Arctic Energy Services's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of High Arctic Energy Services's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as High Arctic Energy Services 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 High Arctic Energy Services's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 High Arctic Energy Services afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. High Arctic Energy Services 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 High Arctic Energy Services'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
Mike Maguire
COMPENSATION CA$481,271
TENURE AS CEO 0.1 years
CEO Bio

Mr. Michael Maguire, also known as Mike, has been Chief Executive Officer of High Arctic Energy Services Inc since March 23, 2020. Mr. Maguire was the President of International Operations at High Arctic Energy Services Inc from December 2016 until March 2020 and served as its Vice-President of International Operations since December 2, 2013. Prior to that, he spent seven years with Easternwell Group in various positions of increasing seniority. Mr. Maguire is responsible for the day to day management of the business in Papua New Guinea. He has years of oil field experience, the last seven years with a large Australian oilfield service company where he served a number of senior management positions. Mr. Maguire served as Vice Chairman of the Australian chapter of the International Association of Drilling Contractors. He holds a Bachelor's Degree (Hons) in Petroleum Engineering from the University of New South Wales.

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

Average tenure of the High Arctic Energy Services management team in years:

2.8
Average Tenure
  • The tenure for the High Arctic Energy Services management team is about average.
Management Team

Michael Binnion

TITLE
Executive Chairman of the Board
COMPENSATION
CA$520K
AGE
58

Mike Maguire

TITLE
Chief Executive Officer
COMPENSATION
CA$481K
TENURE
0.1 yrs

Donald Pack

TITLE
Senior Vice President of Canadian Operations
COMPENSATION
CA$448K
TENURE
2.8 yrs

Stephen Lambert

TITLE
General Manager of International
COMPENSATION
CA$365K
TENURE
5.8 yrs

Chris Ames

TITLE
Vice President of Finance & Interim CFO
TENURE
0.2 yrs

Catherine Tearoe

TITLE
General Counsel & Corporate Secretary
TENURE
3.1 yrs

Margo Gasser

TITLE
Human Resources Manager
Board of Directors Tenure

Average tenure of the High Arctic Energy Services board of directors in years:

6.4
Average Tenure
  • The tenure for the High Arctic Energy Services board of directors is about average.
Board of Directors

Michael Binnion

TITLE
Executive Chairman of the Board
COMPENSATION
CA$520K
AGE
58
TENURE
12.9 yrs

Ember Willow Shmitt

TITLE
Independent Director
COMPENSATION
CA$34K
TENURE
3.8 yrs

Doug Strong

TITLE
Independent Director
COMPENSATION
CA$2K
TENURE
1.3 yrs

David Batcup

TITLE
Independent Director
COMPENSATION
CA$36K
TENURE
12.8 yrs

Dan Bordessa

TITLE
Independent Director
COMPENSATION
CA$42K
AGE
46
TENURE
9 yrs

Joe Oliver

TITLE
Independent Director
COMPENSATION
CA$38K
TENURE
3.8 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by High Arctic Energy Services 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 Joseph Oliver Individual 26. Mar 20 26. Mar 20 20,000 €0.38 €7,677
26. Mar 20 Buy Douglas Strong Individual 26. Mar 20 26. Mar 20 20,000 €0.38 €7,611
13. Aug 19 Buy Douglas Strong Individual 13. Aug 19 13. Aug 19 5,000 €1.82 €9,104
X
Management checks
We assess High Arctic Energy Services'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. High Arctic Energy Services 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

High Arctic Energy Services Inc., an oilfield services company, provides oilfield services to exploration and production companies in Canada, Papua New Guinea, and the United States. The company operates through three segments: Drilling Services, Production Services, and Ancillary Services. It offers snubbing services, including foothills stand alone, stand alone, power tower, free-standing L-frames, and rig assist units; nitrogen pumping units; and well services. The company also provides oilfield rental services comprising accumulators, blowout preventers, casing cutters and scrappers, chokes, boilers, boiler blowdown tanks, generators, light towers, cross over and rotary subs, elevators, EUE collars, fire suppression kits, fuel tank skid, hot tap kit, mud can, pickers, pipe racks, power swivels, pumps, slips, spools, flanges, thread washers, tongs, trailers and accommodations, tubing, and valves. In addition, it owns and operates heli-portable drilling rig in Papua New Guinea; and equipment rental fleet, such as rig matting, crawler cranes, water pumps, forklifts/wheel loaders, telehandlers, lighting towers, camps, trucks, wash-down packages, vehicles, and drill pipe and BHA. High Arctic Energy Services Inc. was founded in 1993 and is headquartered in Calgary, Canada.

Details
Name: High Arctic Energy Services Inc
6LQ
Exchange: DB
Founded: 1993
CA$18,164,506
49,623,432
Website: http://www.haes.ca
Address: High Arctic Energy Services Inc
700 2nd Street SW,
Suite 500,
Calgary,
Alberta, T2P 2W1,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX HWO Common Stock The Toronto Stock Exchange CA CAD 21. Jul 2005
OTCPK HGHA.F Common Stock Pink Sheets LLC US USD 21. Jul 2005
DB 6LQ Common Stock Deutsche Boerse AG DE EUR 21. Jul 2005
Number of employees
Current staff
Staff numbers
735
High Arctic Energy Services employees.
Industry
Oil and Gas Equipment and Services
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 01:36
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2020/04/01
Last earnings filing: 2020/03/12
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.