SURGE ENERGY INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 6.95 CAD | -0.29% |
|
-4.14% | +7.25% |
| May. 14 | Transcript : Surge Energy Inc. - Shareholder/Analyst Call | |
| May. 08 | Surge Energy Inc. completed the acquisition of 50% stake in 6-8 gas plant in the Betty Lake area for CAD 3.7 million. | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 372 | 101.9 | 367.6 | 878.9 | 650 | 699 | - | - |
| Enterprise Value (EV) 1 | 754.3 | 483 | 699 | 1,231 | 940.1 | 927.1 | 865.7 | 961 |
| P/E ratio | -2.28 x | -0.14 x | 0.61 x | 3.42 x | 40.5 x | 12.8 x | 8.97 x | -38.6 x |
| Yield | 8.77% | 5.83% | - | - | 7.25% | 6.91% | 6.91% | 6.91% |
| Capitalization / Revenue | 0.94 x | 0.48 x | 0.9 x | 1.21 x | 0.97 x | 1.02 x | 0.97 x | 1.36 x |
| EV / Revenue | 1.91 x | 2.29 x | 1.7 x | 1.69 x | 1.4 x | 1.35 x | 1.2 x | 1.87 x |
| EV / EBITDA | 3.78 x | 5.91 x | 5.49 x | 3.94 x | 3.53 x | 2.79 x | 2.45 x | 4.98 x |
| EV / FCF | 7.86 x | 36.8 x | -209 x | 11.1 x | 8.53 x | 8.43 x | 7.34 x | -13.5 x |
| FCF Yield | 12.7% | 2.72% | -0.48% | 8.97% | 11.7% | 11.9% | 13.6% | -7.39% |
| Price to Book | - | - | - | - | - | - | - | - |
| Nbr of stocks (in thousands) | 38,392 | 39,975 | 83,357 | 96,477 | 100,314 | 100,581 | - | - |
| Reference price 2 | 9.690 | 2.550 | 4.410 | 9.110 | 6.480 | 6.950 | 6.950 | 6.950 |
| Announcement Date | 3/10/20 | 3/9/21 | 3/9/22 | 3/8/23 | 3/6/24 | - | - | - |
1CAD in Million2CAD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 394.3 | 211 | 410.1 | 727.2 | 670.4 | 688 | 720.3 | 514.4 |
| EBITDA 1 | 199.6 | 81.71 | 127.4 | 312.1 | 266.2 | 332.1 | 353.8 | 192.8 |
| EBIT 1 | - | - | - | 186.6 | 68.77 | 89.2 | 79.4 | 7.3 |
| Operating Margin | - | - | - | 25.66% | 10.26% | 12.97% | 11.02% | 1.42% |
| Earnings before Tax (EBT) 1 | -19.82 | - | - | 159.4 | 20.62 | 56.7 | 49.6 | -18.7 |
| Net income 1 | -158.7 | -747.3 | 407.6 | 231.7 | 15.75 | 55.9 | 49.6 | -18.7 |
| Net margin | -40.23% | -354.09% | 99.4% | 31.86% | 2.35% | 8.12% | 6.89% | -3.64% |
| EPS 2 | -4.250 | -18.87 | 7.280 | 2.660 | 0.1600 | 0.5450 | 0.7750 | -0.1800 |
| Free Cash Flow 1 | 95.96 | 13.14 | -3.348 | 110.5 | 110.3 | 110 | 118 | -71 |
| FCF margin | 24.33% | 6.22% | -0.82% | 15.19% | 16.45% | 15.98% | 16.38% | -13.8% |
| FCF Conversion (EBITDA) | 48.07% | 16.08% | - | 35.39% | 41.42% | 33.12% | 33.34% | - |
| FCF Conversion (Net income) | - | - | - | 47.67% | 700.11% | 196.74% | 237.8% | - |
| Dividend per Share 2 | 0.8500 | 0.1488 | - | - | 0.4700 | 0.4800 | 0.4800 | 0.4800 |
| Announcement Date | 3/10/20 | 3/9/21 | 3/9/22 | 3/8/23 | 3/6/24 | - | - | - |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | - | - | 179.3 | 165.8 | 162 | 155.5 | 184.5 | 168.5 | 145.8 | 158.8 | 165.6 | 154.9 |
| EBITDA 1 | 49.64 | 69.46 | 84.6 | 84.97 | 74.27 | 73.36 | 73.35 | 93.15 | 93.98 | 68.38 | 71 | 78 | 83 |
| EBIT 1 | - | - | - | 84.56 | 38.48 | 29 | 28.61 | 30.69 | 36.26 | 21.54 | 22.9 | 29 | 34 |
| Operating Margin | - | - | - | 47.16% | 23.21% | 17.9% | 18.4% | 16.64% | 21.53% | 14.78% | 14.42% | 17.51% | 21.95% |
| Earnings before Tax (EBT) 1 | - | - | - | 78.06 | 31.19 | 17.1 | 17.24 | 21.8 | -35.52 | -5.24 | 14.4 | 21.2 | 26.3 |
| Net income 1 | - | - | - | 78.06 | 103.5 | 14.79 | 14.06 | 16.58 | -29.68 | -3.63 | 14.4 | 21.2 | 26.3 |
| Net margin | - | - | - | 43.54% | 62.42% | 9.13% | 9.04% | 8.99% | -17.62% | -2.49% | 9.07% | 12.8% | 16.98% |
| EPS 2 | 0.5300 | -0.2600 | 0.8300 | 0.9100 | 1.150 | 0.1500 | 0.1400 | 0.1600 | -0.2900 | -0.0400 | 0.1400 | 0.2000 | 0.2500 |
| Dividend per Share 2 | - | - | 0.0350 | 0.0350 | - | 0.1200 | - | - | 0.1100 | 0.1200 | 0.1200 | - | - |
| Announcement Date | 3/9/22 | 5/5/22 | 7/27/22 | 11/2/22 | 3/8/23 | 5/3/23 | 8/2/23 | 11/2/23 | 3/6/24 | 5/9/24 | - | - | - |
1CAD in Million2CAD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 382 | 381 | 331 | 352 | 290 | 228 | 167 | 262 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.915 x | 4.663 x | 2.601 x | 1.128 x | 1.089 x | 0.6867 x | 0.4712 x | 1.359 x |
| Free Cash Flow 1 | 96 | 13.1 | -3.35 | 110 | 110 | 110 | 118 | -71 |
| ROE (net income / shareholders' equity) | -21.1% | -247% | - | 34.3% | 1.87% | 13% | 12% | - |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share | - | - | - | - | - | - | - | - |
| Cash Flow per Share 2 | 4.680 | 1.530 | 1.790 | 3.370 | 2.890 | 2.990 | 3.210 | 2.440 |
| Capex 1 | 77 | 46.7 | 169 | 170 | 182 | 190 | 197 | 210 |
| Capex / Sales | 19.53% | 22.14% | 41.26% | 23.37% | 27.09% | 27.67% | 27.3% | 40.82% |
| Announcement Date | 3/10/20 | 3/9/21 | 3/9/22 | 3/8/23 | 3/6/24 | - | - | - |
1CAD in Million2CAD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C-
Sell
Buy
Mean consensus
BUY
Number of Analysts
10
Last Close Price
6.95
CAD
Average target price
11.78
CAD
Spread / Average Target
+69.42%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +7.25% | 512M | |
| +12.14% | 7.6B | |
| +5.79% | 4.44B | |
| +14.81% | 2.36B | |
| +16.07% | 1.99B | |
| -4.69% | 1.78B | |
| -2.21% | 1.21B | |
| -.--% | 1.12B | |
| +2.99% | 557M | |
| +45.71% | 513M |
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- Financials Surge Energy Inc.
