STEP ENERGY SERVICES LTD. |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4.15 CAD | +0.73% |
|
+5.87% | +5.87% |
| Jun. 06 | Transcript : STEP Energy Services Ltd. - Shareholder/Analyst Call | |
| May. 09 | Transcript : STEP Energy Services Ltd., Q1 2024 Earnings Call, May 09, 2024 |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 104.9 | 50 | 109.7 | 381.6 | 283.2 | 293.6 | - | - |
| Enterprise Value (EV) 1 | 335 | 269.1 | 311.4 | 381.6 | 367.5 | 358.4 | 308.1 | 274.2 |
| P/E ratio | -0.73 x | -0.42 x | -3.93 x | 4.07 x | 5.85 x | 4.4 x | 3.94 x | 3.96 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 0.16 x | 0.14 x | 0.2 x | 0.39 x | 0.3 x | 0.29 x | 0.28 x | 0.28 x |
| EV / Revenue | 0.5 x | 0.73 x | 0.58 x | 0.39 x | 0.39 x | 0.36 x | 0.3 x | 0.26 x |
| EV / EBITDA | 4.25 x | 8.71 x | 4.95 x | 1.92 x | 2.25 x | 1.86 x | 1.48 x | 1.34 x |
| EV / FCF | 23.6 x | 9.29 x | 21.2 x | - | 5.53 x | 7.19 x | 4.9 x | 4.49 x |
| FCF Yield | 4.24% | 10.8% | 4.71% | - | 18.1% | 13.9% | 20.4% | 22.2% |
| Price to Book | 0.33 x | 0.24 x | 0.62 x | - | - | 0.71 x | 0.6 x | - |
| Nbr of stocks (in thousands) | 66,799 | 67,571 | 68,157 | 71,590 | 72,233 | 71,268 | - | - |
| Reference price 2 | 1.570 | 0.7400 | 1.610 | 5.330 | 3.920 | 4.120 | 4.120 | 4.120 |
| Announcement Date | 3/12/20 | 3/17/21 | 3/16/22 | 3/2/23 | 3/11/24 | - | - | - |
1CAD in Million2CAD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 668.3 | 368.9 | 536.3 | 989 | 945.7 | 999.3 | 1,043 | 1,064 |
| EBITDA 1 | 78.81 | 30.88 | 62.96 | 198.9 | 163.6 | 192.8 | 208.2 | 203.8 |
| EBIT 1 | -27.74 | - | -16.68 | 90.26 | 77.84 | 105.5 | 106 | 108.8 |
| Operating Margin | -4.15% | - | -3.11% | 9.13% | 8.23% | 10.56% | 10.17% | 10.22% |
| Earnings before Tax (EBT) 1 | -175.1 | -145.3 | -30.62 | 120.6 | 67.44 | 96.32 | 102 | 100.5 |
| Net income 1 | -143.9 | -119.4 | -28.13 | 94.78 | 50.42 | 71.16 | 77.72 | 76.9 |
| Net margin | -21.53% | -32.35% | -5.24% | 9.58% | 5.33% | 7.12% | 7.45% | 7.23% |
| EPS 2 | -2.160 | -1.770 | -0.4100 | 1.310 | 0.6700 | 0.9367 | 1.047 | 1.040 |
| Free Cash Flow 1 | 14.2 | 28.98 | 14.67 | - | 66.43 | 49.85 | 62.87 | 61 |
| FCF margin | 2.13% | 7.85% | 2.74% | - | 7.02% | 4.99% | 6.03% | 5.73% |
| FCF Conversion (EBITDA) | 18.02% | 93.83% | 23.3% | - | 40.61% | 25.85% | 30.2% | 29.92% |
| FCF Conversion (Net income) | - | - | - | - | 131.75% | 70.05% | 80.89% | 79.32% |
| Dividend per Share | - | - | - | - | - | - | - | - |
| Announcement Date | 3/12/20 | 3/17/21 | 3/16/22 | 3/2/23 | 3/11/24 | - | - | - |
1CAD in Million2CAD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 158.7 | 219.5 | 273 | 245.1 | 251.4 | 263.4 | 232.1 | 255.2 | 195 | 320.1 | 231 | 255.9 | 198.7 | 288.3 | 246.3 |
| EBITDA 1 | 17.34 | 36.99 | 45.71 | 58.05 | 48.62 | 45.35 | 47.4 | 52.29 | 18.44 | 79.53 | 39.13 | 48.5 | 25.92 | 78.48 | 46.9 |
| EBIT 1 | -1.979 | 14.53 | 19.02 | - | 19.4 | 29.68 | - | - | -4.406 | - | 14.9 | 31.2 | 2.4 | - | - |
| Operating Margin | -1.25% | 6.62% | 6.97% | - | 7.72% | 11.27% | - | - | -2.26% | - | 6.45% | 12.19% | 1.21% | - | - |
| Earnings before Tax (EBT) 1 | -5.898 | 11.73 | 49.88 | - | 21.97 | 25.82 | 20.49 | - | -6.543 | - | 11.9 | 28.6 | -0.1 | - | - |
| Net income 1 | -6.212 | 9.173 | 38.06 | - | 16.69 | 19.66 | 15.27 | 20.73 | -5.244 | 41.36 | 8.7 | 21.8 | -0.1 | - | - |
| Net margin | -3.91% | 4.18% | 13.94% | - | 6.64% | 7.46% | 6.58% | 8.12% | -2.69% | 12.92% | 3.77% | 8.52% | -0.05% | - | - |
| EPS 2 | -0.0800 | 0.1320 | 0.5350 | 0.4300 | 0.2300 | 0.2600 | 0.2100 | 0.2800 | -0.0700 | 0.5500 | 0.1367 | 0.2900 | 0.0100 | 0.5400 | 0.2150 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 3/16/22 | 5/11/22 | 8/10/22 | 11/3/22 | 3/2/23 | 5/10/23 | 8/2/23 | 11/1/23 | 3/11/24 | 5/8/24 | - | - | - | - | - |
1CAD in Million2CAD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 230 | 219 | 202 | - | 84.4 | 64.8 | 14.5 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | 19.5 |
| Leverage (Debt/EBITDA) | 2.92 x | 7.094 x | 3.202 x | - | 0.5157 x | 0.336 x | 0.0694 x | - |
| Free Cash Flow 1 | 14.2 | 29 | 14.7 | - | 66.4 | 49.9 | 62.9 | 61 |
| ROE (net income / shareholders' equity) | -35.9% | -23.9% | -14.7% | - | 15.2% | 17% | 18% | 16% |
| ROA (Net income/ Total Assets) | -2.24% | - | -5.84% | - | - | 11% | 12% | - |
| Assets 1 | 6,422 | - | 481.8 | - | - | 646.9 | 647.7 | - |
| Book Value Per Share 2 | 4.820 | 3.020 | 2.600 | - | - | 5.830 | 6.900 | - |
| Cash Flow per Share 2 | 0.8900 | 0.3600 | 0.7600 | 2.600 | 1.830 | 2.250 | 2.470 | 2.580 |
| Capex 1 | 49.1 | 17.8 | 37.2 | - | 105 | 101 | 107 | 102 |
| Capex / Sales | 7.34% | 4.83% | 6.94% | - | 11.12% | 10.12% | 10.25% | 9.59% |
| Announcement Date | 3/12/20 | 3/17/21 | 3/16/22 | 3/2/23 | 3/11/24 | - | - | - |
1CAD in Million2CAD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
4.12
CAD
Average target price
5.875
CAD
Spread / Average Target
+42.60%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +5.10% | 213M | |
| +26.18% | 5.25B | |
| +3.21% | 4.25B | |
| +25.30% | 3.79B | |
| +5.57% | 2.02B | |
| -3.40% | 1.57B | |
| +36.23% | 1.06B | |
| +13.13% | 707M | |
| +8.88% | 674M | |
| +61.88% | 639M |
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- Financials STEP Energy Services Ltd.
