Loading...

You're on the old version of Simply Wall St. We will no longer be supporting this site, so we recommend you switch to our brand new platform.

STEP Energy Services

DB:932
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
932
DB
CA$25M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

STEP Energy Services Ltd., an oilfield service company, provides integrated coiled tubing, fracturing, and wireline solutions to service oil and natural gas wells in Canada and the United States. The last earnings update was 26 days ago. More info.


Add to Portfolio Compare Print
  • STEP Energy Services has significant price volatility in the past 3 months.
932 Share Price and Events
7 Day Returns
29.8%
DB:932
8.1%
Europe Energy Services
-0.6%
DE Market
1 Year Returns
-85.3%
DB:932
-57.2%
Europe Energy Services
-20.9%
DE Market
932 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
STEP Energy Services (932) 29.8% -63% -80.2% -85.3% - -
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
  • 932 underperformed the Energy Services industry which returned -57.2% over the past year.
  • 932 underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
932
Industry
5yr Volatility vs Market

932 Value

 Is STEP 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 STEP 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 STEP Energy Services.

DB:932 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 10 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.5%
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:932
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%) (1021.52%))
5.526
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (2 * 5.44%)
10.49%

Discounted Cash Flow Calculation for DB:932 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for STEP 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:932 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 10.49%)
2020 5.01 Analyst x7 4.54
2021 2.62 Analyst x5 2.15
2022 37.40 Analyst x1 27.73
2023 64.62 Est @ 72.77% 43.36
2024 97.46 Est @ 50.82% 59.18
2025 132.01 Est @ 35.46% 72.56
2026 164.63 Est @ 24.7% 81.89
2027 192.90 Est @ 17.18% 86.85
2028 215.87 Est @ 11.91% 87.96
2029 233.61 Est @ 8.22% 86.15
Present value of next 10 years cash flows CA$552.00
DB:932 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CA$233.61 × (1 + -0.39%) ÷ (10.49% – -0.39%)
CA$2,138.74
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$2,138.74 ÷ (1 + 10.49%)10
CA$788.73
DB:932 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$552.00 + CA$788.73
CA$1,340.73
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$1,340.73 / 66.94
CA$20.03
DB:932 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:932 represents 0.592x of TSX:STEP
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.592x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 20.03 x 0.592
€11.86
Value per share (EUR) From above. €11.86
Current discount Discount to share price of €0.22
= -1 x (€0.22 - €11.86) / €11.86
98.1%

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

Current Discount
Amount off the current price STEP Energy Services is available for.
Intrinsic value
>50%
Share price is €0.22 vs Future cash flow value of €11.86
Current Discount Checks
For STEP Energy Services to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • STEP Energy Services's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • STEP 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 STEP Energy Services's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are STEP Energy Services's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:932 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CAD CA$-2.16
TSX:STEP Share Price ** TSX (2020-04-06) in CAD CA$0.38
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 STEP Energy Services.

DB:932 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 0.38 ÷ -2.16

-0.17x

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

  • STEP Energy Services is loss making, we can't compare its value to the Europe Energy Services industry average.
  • STEP Energy Services is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does STEP Energy Services's expected growth come at a high price?
Raw Data
DB:932 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.17x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
73.7%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 STEP Energy Services, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on STEP Energy Services's assets?
Raw Data
DB:932 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CAD CA$4.82
TSX:STEP Share Price * TSX (2020-04-06) in CAD CA$0.38
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:932 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.38 ÷ 4.82

0.08x

* Primary Listing of STEP Energy Services.

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

  • STEP Energy Services is good value based on assets compared to the Europe Energy Services industry average.
X
Value checks
We assess STEP 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. STEP 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.

932 Future Performance

 How is STEP Energy Services expected to perform in the next 1 to 3 years based on estimates from 10 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
73.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is STEP Energy Services expected to grow at an attractive rate?
  • STEP Energy Services's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • STEP Energy Services's earnings growth is expected to exceed the Germany market average.
  • STEP 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:932 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:932 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 73.7%
DB:932 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts -15.3%
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:932 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:932 Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 604 86 8 1
2021-12-31 458 35 -39 10
2020-12-31 461 26 -49 10
2020-04-07
DB:932 Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-12-31 668 70 -144
2019-09-30 711 106 -178
2019-06-30 773 95 -56
2019-03-31 771 101 -58
2018-12-31 782 111 -39
2018-09-30 767 69 37
2018-06-30 702 69 56
2018-03-31 623 72 67
2017-12-31 553 49 58
2017-09-30 463 40 38
2017-06-30 346 4 8
2017-03-31 260 -12 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • STEP Energy Services's earnings are expected to grow significantly at over 20% yearly.
  • STEP 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:932 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 10 Analyst Estimates (S&P Global) See Below

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

DB:932 Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 0.12 0.12 0.12 1.00
2021-12-31 -0.59 -0.34 -0.86 5.00
2020-12-31 -0.75 -0.53 -0.93 5.00
2020-04-07
DB:932 Past Financials Data
Date (Data in CAD Millions) EPS *
2019-12-31 -2.16
2019-09-30 -2.67
2019-06-30 -0.84
2019-03-31 -0.88
2018-12-31 -0.60
2018-09-30 0.58
2018-06-30 0.91
2018-03-31 1.13
2017-12-31 1.02
2017-09-30 0.70
2017-06-30 0.15
2017-03-31 -0.05

*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.
  • STEP Energy Services is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess STEP 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.
STEP Energy Services has a total score of 3/6, see the detailed checks below.

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

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

932 Past Performance

  How has STEP 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 STEP 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.
  • STEP 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 STEP Energy Services's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare STEP Energy Services's 1-year growth to the Europe Energy Services industry average as it is not currently profitable.
Earnings and Revenue History
STEP 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 STEP Energy Services Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:932 Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 668.30 -143.88 34.78
2019-09-30 710.82 -178.02 34.20
2019-06-30 772.62 -55.92 33.99
2019-03-31 770.64 -58.32 32.17
2018-12-31 781.76 -39.30 37.14
2018-09-30 766.99 36.80 31.95
2018-06-30 701.98 56.11 27.41
2018-03-31 622.83 67.14 23.58
2017-12-31 553.22 57.72 20.54
2017-09-30 463.13 37.55 19.24
2017-06-30 345.78 7.73 17.36
2017-03-31 259.56 -2.34 14.21
2016-12-31 169.15 -19.96 14.69
2016-09-30 140.26 -21.07 13.05
2015-12-31 115.47 -5.62 9.38
2014-12-31 131.91 13.05 7.75
2013-12-31 79.60 5.84 6.72

*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 STEP 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 STEP 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 STEP 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 STEP 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.
STEP 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.

932 Health

 How is STEP 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 STEP Energy Services's finances.

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

DB:932 Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 322.82 237.42 7.27
2019-09-30 351.43 256.66 23.44
2019-06-30 458.28 255.56 1.11
2019-03-31 470.24 252.47 7.04
2018-12-31 478.60 252.44 0.36
2018-09-30 512.25 288.19 4.67
2018-06-30 508.00 277.33 12.41
2018-03-31 452.59 1.81 40.30
2017-12-31 431.04 1.81 36.86
2017-09-30 412.02 1.90 60.21
2017-06-30 384.09 0.00 57.05
2017-03-31 285.35 31.38 8.86
2016-12-31 259.94 30.30 2.15
2016-09-30 259.15 26.08 1.71
2015-12-31 193.99 4.17 8.23
2014-12-31 98.37 20.04 1.10
2013-12-31
  • STEP Energy Services's level of debt (73.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (20.3% vs 73.5% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making STEP Energy Services has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making STEP Energy Services has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -25.7% per year.
X
Financial health checks
We assess STEP 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. STEP Energy Services has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

932 Dividends

 What is STEP 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 STEP Energy Services dividends.
If you bought €2,000 of STEP 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 STEP Energy Services's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate STEP 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:932 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 10 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:932 Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31
2020-04-07

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

  • Unable to perform a dividend volatility check as STEP Energy Services has not reported any payouts.
  • Unable to verify if STEP Energy Services's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of STEP Energy Services's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as STEP 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 STEP 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 STEP Energy Services afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. STEP 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.

932 Management

 What is the CEO of STEP 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
Regan Davis
COMPENSATION CA$1,227,992
AGE 54
TENURE AS CEO 9.1 years
CEO Bio

Mr. Regan Davis serves as the Chief Executive Officer and President of Step Energy Services Ltd. since March 2011 and December 2013 respectively. Mr. Davis has over 25 years of experience in the oil and gas industry. Mr. Davis joined STEP as one of the co-founders in March 2011. Mr. Davis is a professional engineer with over 25 years of energy industry experience. Mr. Davis was the President and Chief Executive Officer of Flexpipe Systems Ltd. Prior to joining STEP, Mr. Davis held senior positions at Renaissance Energy Ltd and Enerline Restorations Ltd. He was the President and Chief Executive Officer at Severo Energy Ltd. Mr. Davis served as a board member with the Impact Society until September of 2017, previously holding the position as Chairman of the Board. He serves as the Chairman of the Board for CORE Linepipe. He has been a Director at Step Energy Services Ltd. since March 25, 2011. He also sits on the board of Waseca Energy Ltd. He is a certified director from the Institute of Corporate Directors. Mr. Davis is a graduate of Southern Alberta Institute of Technology and holds a B.Sc. in Petroleum Engineering from the University of Alberta in 1988.

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

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

3.2
Average Tenure
50
Average Age
  • The tenure for the STEP Energy Services management team is about average.
Management Team

Regan Davis

TITLE
CEO, President & Director
COMPENSATION
CA$1M
AGE
54
TENURE
9.1 yrs

Mike Kelly

TITLE
Executive VP & CFO
COMPENSATION
CA$945K
AGE
55
TENURE
1.4 yrs

Steve Glanville

TITLE
COO & VP of Operations
COMPENSATION
CA$912K
AGE
46
TENURE
9.1 yrs

Brock Duhon

TITLE
President of US Operations
COMPENSATION
CA$843K
AGE
39
TENURE
0.8 yrs

Todd Rainville

TITLE
Vice President of Sales & Marketing
TENURE
4.8 yrs

Rob Kukla

TITLE
Director of Corporate Development
TENURE
0.8 yrs

David Johnson

TITLE
Vice President of Human Resources
TENURE
6.8 yrs

Rory Thompson

TITLE
President of Canada Operations
TENURE
1.7 yrs
Board of Directors Tenure

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

5.4
Average Tenure
52
Average Age
  • The tenure for the STEP Energy Services board of directors is about average.
Board of Directors

Douglas Freel

TITLE
Chairman
COMPENSATION
CA$177K

Regan Davis

TITLE
CEO, President & Director
COMPENSATION
CA$1M
AGE
54
TENURE
9.1 yrs

Jeremy Gackle

TITLE
Independent Director
COMPENSATION
CA$152K
TENURE
9.1 yrs

D. Harbilas

TITLE
Independent Director
COMPENSATION
CA$152K
AGE
49
TENURE
2.9 yrs

Donna Garbutt

TITLE
Lead Director
COMPENSATION
CA$141K
AGE
58
TENURE
1.5 yrs

Jason Skehar

TITLE
Independent Director
COMPENSATION
CA$134K
AGE
46
TENURE
7.8 yrs

Evelyn Angelle

TITLE
Independent Director
COMPENSATION
CA$174K
AGE
52
TENURE
1.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
05. Dec 19 Sell Michael Burvill Individual 04. Dec 19 04. Dec 19 -832 €0.66 €-552
17. May 19 Sell D. Harbilas Individual 17. May 19 17. May 19 -20,000 €1.54 €-30,756
X
Management checks
We assess STEP 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. STEP 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.

932 News

Simply Wall St News

932 Company Info

Description

STEP Energy Services Ltd., an oilfield service company, provides integrated coiled tubing, fracturing, and wireline solutions to service oil and natural gas wells in Canada and the United States. The company applies fit-for-purpose coiled tubing, pumping, and hydraulic fracturing technology to enhance reservoir performance in well completions and intervention projects. It also provides chemical laboratory solutions; fluid pumping services for coiled tubing operations and standalone projects; and nitrogen pumping solutions, as well as cased hole wireline and open hole wireline services. STEP Energy Services Ltd. was founded in 2011 and is headquartered in Calgary, Canada.

Details
Name: STEP Energy Services Ltd.
932
Exchange: DB
Founded: 2011
CA$16,409,076
66,942,830
Website: http://www.stepenergyservices.com
Address: STEP Energy Services Ltd.
Bow Valley Square II,
1200, 205-5th Avenue SW,
Calgary,
Alberta, T2P 2V7,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX STEP Common Shares The Toronto Stock Exchange CA CAD 02. May 2017
OTCPK SNVV.F Common Shares Pink Sheets LLC US USD 02. May 2017
DB 932 Common Shares Deutsche Boerse AG DE EUR 02. May 2017
Number of employees
Current staff
Staff numbers
1,391
STEP 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 01:38
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2020/04/06
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.