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Cordy Oilfield Services

DB:QCQ
Snowflake Description

Acceptable track record and slightly overvalued.

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

Cordy Oilfield Services Inc. provides energy and construction services in Canada. The last earnings update was 139 days ago. More info.


Add to Portfolio Compare Print
  • Cordy Oilfield Services has significant price volatility in the past 3 months.
QCQ Share Price and Events
7 Day Returns
33.3%
DB:QCQ
8.1%
Europe Energy Services
-0.6%
DE Market
1 Year Returns
0%
DB:QCQ
-57.2%
Europe Energy Services
-20.9%
DE Market
QCQ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Cordy Oilfield Services (QCQ) 33.3% -60% -50% 0% -90% -80%
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
  • QCQ outperformed the Energy Services industry which returned -57.2% over the past year.
  • QCQ outperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
QCQ
Industry
5yr Volatility vs Market

Value

 Is Cordy Oilfield 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 Cordy Oilfield 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 Cordy Oilfield Services.

DB:QCQ Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. 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:QCQ
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%) (425.88%))
2.852
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:QCQ using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Cordy Oilfield 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:QCQ DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 10.49%)
2020 3.11 Est @ 52.99% 2.81
2021 4.26 Est @ 36.97% 3.49
2022 5.36 Est @ 25.76% 3.97
2023 6.32 Est @ 17.92% 4.24
2024 7.10 Est @ 12.43% 4.31
2025 7.71 Est @ 8.58% 4.24
2026 8.17 Est @ 5.89% 4.06
2027 8.49 Est @ 4.01% 3.82
2028 8.72 Est @ 2.69% 3.55
2029 8.88 Est @ 1.76% 3.27
Present value of next 10 years cash flows CA$37.00
DB:QCQ DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CA$8.88 × (1 + -0.39%) ÷ (10.49% – -0.39%)
CA$81.26
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$81.26 ÷ (1 + 10.49%)10
CA$29.97
DB:QCQ Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$37.00 + CA$29.97
CA$66.97
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$66.97 / 231.16
CA$0.29
DB:QCQ Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:QCQ represents 0.13333x of TSXV:CKK
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.13333x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 0.29 x 0.13333
€0.04
Value per share (EUR) From above. €0.04
Current discount Discount to share price of €0.00
= -1 x (€0.00 - €0.04) / €0.04
94.8%

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

Current Discount
Amount off the current price Cordy Oilfield Services is available for.
Intrinsic value
>50%
Share price is €0.002 vs Future cash flow value of €0.03863
Current Discount Checks
For Cordy Oilfield Services to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Cordy Oilfield Services's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Cordy Oilfield 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 Cordy Oilfield Services's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Cordy Oilfield Services's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:QCQ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in CAD CA$0.00
TSXV:CKK Share Price ** TSXV (2020-04-06) in CAD CA$0.02
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 Cordy Oilfield Services.

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

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

= 0.02 ÷ 0.00

56.39x

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

  • Cordy Oilfield Services is overvalued based on earnings compared to the Europe Energy Services industry average.
  • Cordy Oilfield Services is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Cordy Oilfield Services's expected growth come at a high price?
Raw Data
DB:QCQ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 56.39x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
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 Cordy Oilfield Services, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Cordy Oilfield Services's assets?
Raw Data
DB:QCQ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in CAD CA$-0.01
TSXV:CKK Share Price * TSXV (2020-04-06) in CAD CA$0.02
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:QCQ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.02 ÷ -0.01

-1.86x

* Primary Listing of Cordy Oilfield Services.

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

  • Cordy Oilfield Services has negative assets, we can't compare the value of its assets to the Europe Energy Services industry average.
X
Value checks
We assess Cordy Oilfield 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. Cordy Oilfield Services 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 Cordy Oilfield Services expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Cordy Oilfield Services has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
21.1%
Expected Energy Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Cordy Oilfield Services expected to grow at an attractive rate?
  • Unable to compare Cordy Oilfield Services's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Cordy Oilfield Services's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Cordy Oilfield Services's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:QCQ Future Growth Rates Data Sources
Data Point Source Value (per year)
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:QCQ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:QCQ Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-09-30 16 2 0
2019-06-30 16 1 0
2019-03-31 16 1 0
2018-12-31 16 1 -1
2018-09-30 15 0 -1
2018-06-30 14 1 -1
2018-03-31 13 1 -1
2017-12-31 11 1 -1
2017-09-30 11 1 -2
2017-06-30 11 0 -2
2017-03-31 11 0 -3
2016-12-31 10 1 -4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Cordy Oilfield Services is high growth as no earnings estimate data is available.
  • Unable to determine if Cordy Oilfield Services is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:QCQ Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

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

DB:QCQ Past Financials Data
Date (Data in CAD Millions) EPS *
2019-09-30 0.00
2019-06-30 0.00
2019-03-31 0.00
2018-12-31 0.00
2018-09-30 0.00
2018-06-30 0.00
2018-03-31 -0.01
2017-12-31 -0.01
2017-09-30 -0.01
2017-06-30 -0.01
2017-03-31 -0.02
2016-12-31 -0.03

*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 Cordy Oilfield Services will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of QCQ’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Cordy Oilfield Services's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Energy companies here
  3. Cordy Oilfield Services's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Cordy Oilfield 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.
Cordy Oilfield 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 Cordy Oilfield 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 Cordy Oilfield 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.
  • Cordy Oilfield Services has delivered over 20% year on year earnings growth in the past 5 years.
  • Cordy Oilfield Services has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Cordy Oilfield Services has become profitable in the last year making it difficult to compare the Europe Energy Services industry average.
Earnings and Revenue History
Cordy Oilfield 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 Cordy Oilfield Services Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:QCQ Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 16.24 0.06 2.68
2019-06-30 16.16 -0.03 2.53
2019-03-31 15.84 -0.49 2.68
2018-12-31 15.81 -0.58 2.64
2018-09-30 15.11 -0.60 2.11
2018-06-30 13.80 -0.90 2.10
2018-03-31 12.62 -1.08 1.87
2017-12-31 11.18 -1.40 1.97
2017-09-30 11.08 -2.11 2.61
2017-06-30 10.76 -2.41 2.63
2017-03-31 10.73 -2.75 2.78
2016-12-31 9.78 -3.52 2.70
2016-09-30 9.94 -5.14 6.48
2016-06-30 12.48 -5.75 7.00
2016-03-31 13.56 -7.14 7.05
2015-12-31 20.78 -6.99 8.16
2015-09-30 35.14 -19.84 24.17
2015-06-30 50.16 -25.10 25.30
2015-03-31 55.22 -26.07 21.92
2014-12-31 75.19 -26.09 27.21
2014-09-30 85.83 -13.31 18.41
2014-06-30 98.45 -5.51 25.36
2014-03-31 109.71 -5.03 34.22
2013-12-31 118.02 -1.74 35.86
2013-09-30 116.78 -3.68 35.15
2013-06-30 118.83 -3.60 33.09

*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 Cordy Oilfield Services has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • Cordy Oilfield Services used its assets more efficiently than the Europe Energy Services industry average last year based on Return on Assets.
  • Cordy Oilfield Services has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Cordy Oilfield 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.
Cordy Oilfield Services has a total score of 3/6, 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 Cordy Oilfield 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 Cordy Oilfield Services's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Cordy Oilfield Services's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Cordy Oilfield Services's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Cordy Oilfield 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.
  • Cordy Oilfield Services has negative shareholder equity (liabilities exceed assets) therefore debt is not 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 Cordy Oilfield Services Company Filings, last reported 6 months ago.

DB:QCQ Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 -1.67 1.65 0.40
2019-06-30 -1.63 1.65 0.48
2019-03-31 -1.72 1.65 0.71
2018-12-31 -2.01 0.50 0.26
2018-09-30 -1.72 0.55
2018-06-30 -1.60 0.03
2018-03-31 -1.23 0.00 0.16
2017-12-31 -1.43 0.28 0.28
2017-09-30 -1.12 0.28 0.45
2017-06-30 -0.69 0.28 0.61
2017-03-31 -0.13 0.28 0.71
2016-12-31 0.01 0.28 1.28
2016-09-30 -1.45 0.83 0.04
2016-06-30 -0.73 0.83 0.23
2016-03-31 0.17 1.22 0.53
2015-12-31 1.07 1.38 0.88
2015-09-30 3.73 3.70 0.51
2015-06-30 5.02 4.23 1.74
2015-03-31 7.72 6.00 3.14
2014-12-31 9.48 13.82 2.97
2014-09-30 28.23 16.77 2.89
2014-06-30 37.11 15.52 3.76
2014-03-31 40.49 12.73 0.89
2013-12-31 41.15 14.27 5.59
2013-09-30 44.30 14.81 0.79
2013-06-30 42.93 19.26 1.69
  • Cordy Oilfield Services has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Cordy Oilfield Services's debt level has increased considering it has negative shareholder equity.
  • Debt is well covered by operating cash flow (131.2%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 0.1x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Cordy Oilfield 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. Cordy Oilfield Services 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 Cordy Oilfield 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 Cordy Oilfield Services dividends.
If you bought €2,000 of Cordy Oilfield 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 Cordy Oilfield Services's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Cordy Oilfield 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:QCQ 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 0 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.

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

  • Unable to perform a dividend volatility check as Cordy Oilfield Services has not reported any payouts.
  • Unable to verify if Cordy Oilfield Services's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Cordy Oilfield Services's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Cordy Oilfield 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 Cordy Oilfield 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 Cordy Oilfield Services afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Cordy Oilfield 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 Cordy Oilfield 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
Darrick Evong
COMPENSATION CA$218,254
TENURE AS CEO 3.6 years
CEO Bio

Mr. Darrick J. Evong has been the Chief Executive Officer of Cordy Oilfield Services Inc. since September 19, 2016 and serves as its Interim Chief Financial Officer since October 2019. Mr. Evong, through his consulting company, has been providing strategic business consulting and M related services to private and public companies in western Canada. Mr. Evong has over 10 years of public and private company experience in the oilfield services and transportation sector. He has extensive experience in organizational and operational improvement negotiations and M&A. He served as an independent consultant to Cordy since February 2015. Mr. Evong worked directly with Mr. Mullen and Cordy Board of Directors, spearheaded the rightsizing of the business, which included the liquidation of non-core assets and operations, the pay down approximately $12.0 million in secured debt and the refinancing of remaining debt on terms conducive to Alberta's curre economic reality. Mr. Evong held increasingly senior roles at TSX listed companies. From 2014 to 2016, he served as President of Darsha Business consulting. From 2008 to 2014, he served as Director of Financial Products at Mullen Group Ltd. Prior to this, Mr. Evong served in progressively senior financial positions at various publicly traded energy businesses, as well as serving at Ernst & Young LLP as an accountant and corporate finance analyst. He has been a Director at Tornado Global Hydrovacs Inc. since 2016. Mr. Evong is a Chartered Accountant and Chartered Business Valuator.

CEO Compensation
  • Darrick's compensation has increased in line with Cordy Oilfield Services recently becoming profitable.
  • Darrick's remuneration is lower than average for companies of similar size in Germany.
Management Team

Darrick Evong

TITLE
CEO & Interim CFO
COMPENSATION
CA$218K
TENURE
3.6 yrs
Board of Directors Tenure

Average tenure of the Cordy Oilfield Services board of directors in years:

1.9
Average Tenure
  • The average tenure for the Cordy Oilfield Services board of directors is less than 3 years, this suggests a new board.
Board of Directors

Dave Mullen

TITLE
Chairman of the Board
COMPENSATION
CA$15K
AGE
58
TENURE
14.7 yrs

Tim Urquhart

TITLE
Independent Director
COMPENSATION
CA$15K
TENURE
8.7 yrs

Rick Manhas

TITLE
Director
COMPENSATION
CA$200K
TENURE
0.8 yrs

Stuart King

TITLE
Independent Director
COMPENSATION
CA$6K
TENURE
1.9 yrs

Mike Smith

TITLE
Independent Director
TENURE
0.8 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 (€)
17. Jun 19 Buy Timothy Urquhart Individual 17. Jun 19 17. Jun 19 100,000 €0.01 €996
X
Management checks
We assess Cordy Oilfield 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. Cordy Oilfield 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

Cordy Oilfield Services Inc. provides energy and construction services in Canada. The company operates through two segments, Environmental Services and Heavy Construction. The Environmental Services segment provides clean-up, hazardous goods transportation, and containment services to the oil and natural gas industry, as well as to industrial and commercial customers. It offers various services, including general water and vacuum truck services; confined-space entry services; dangerous goods and general transportation services; high-pressure and steam cleaning services; septic and holding tank cleaning; hydro excavation; liquids and solids spill response services; and 24-hour emergency response coverage services. The Heavy Construction segment offers pipeline integrity management; clean-up services; low-pressure gas tie-ins; insulated pipeline, cement-lined pipeline, and fiberglass pipeline installation services; water injection lines; construction and installation of compressors, line heaters, separator buildings, and header systems; pipeline maintenance and repair services; tying-in wellheads; decommissioning old well sites; and transportation of facility components to production sites. This segment serves oil and gas production companies, private developers, municipal towns and cities, public infrastructure, and mines. Cordy Oilfield Services Inc. was incorporated in 1998 and is headquartered in Calgary, Canada.

Details
Name: Cordy Oilfield Services Inc.
QCQ
Exchange: DB
Founded: 1998
CA$2,274,114
231,161,981
Website: http://www.cordy.ca
Address: Cordy Oilfield Services Inc.
5366 55 Street SE,
Calgary,
Alberta, T2C 3G9,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV CKK Common Shares TSX Venture Exchange CA CAD 05. Apr 1999
DB QCQ Common Shares Deutsche Boerse AG DE EUR 05. Apr 1999
Number of employees
Current staff
Staff numbers
0
Cordy Oilfield Services employees.
Industry
Oil and Gas Equipment and Services
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 23:49
End of day share price update: 2020/04/06 00:00
Last earnings filing: 2019/11/19
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


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

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