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AKITA DRILLING LTD-CL A (AKT-A.CA) Stock Fundamental Analysis

TSX:AKT-A - Toronto Stock Exchange - CA0099051009 - Common Stock - Currency: CAD

1.5  -0.08 (-5.06%)

Fundamental Rating

2

AKT-A gets a fundamental rating of 2 out of 10. The analysis compared the fundamentals against 28 industry peers in the Energy Equipment & Services industry. While AKT-A seems to be doing ok healthwise, there are quite some concerns on its profitability. AKT-A is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

In the past year AKT-A was profitable.
AKT-A had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: AKT-A reported negative net income in multiple years.
Of the past 5 years AKT-A 4 years had a positive operating cash flow.
AKT-A.CA Yearly Net Income VS EBIT VS OCF VS FCFAKT-A.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20M -20M 40M -40M -60M -80M

1.2 Ratios

The Return On Assets of AKT-A (0.83%) is worse than 71.43% of its industry peers.
AKT-A has a Return On Equity of 1.31%. This is in the lower half of the industry: AKT-A underperforms 71.43% of its industry peers.
Industry RankSector Rank
ROA 0.83%
ROE 1.31%
ROIC N/A
ROA(3y)0.03%
ROA(5y)-8.48%
ROE(3y)-0.35%
ROE(5y)-14.09%
ROIC(3y)N/A
ROIC(5y)N/A
AKT-A.CA Yearly ROA, ROE, ROICAKT-A.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 -20 -40 -60

1.3 Margins

The Profit Margin of AKT-A (1.18%) is worse than 71.43% of its industry peers.
AKT-A does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 1.18%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
AKT-A.CA Yearly Profit, Operating, Gross MarginsAKT-A.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 -20 -40 -60

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4

2. Health

2.1 Basic Checks

AKT-A does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for AKT-A remains at a similar level compared to 1 year ago.
The number of shares outstanding for AKT-A has been increased compared to 5 years ago.
The debt/assets ratio for AKT-A has been reduced compared to a year ago.
AKT-A.CA Yearly Shares OutstandingAKT-A.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 10M 20M 30M
AKT-A.CA Yearly Total Debt VS Total AssetsAKT-A.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M 400M

2.2 Solvency

Based on the Altman-Z score of 1.20, we must say that AKT-A is in the distress zone and has some risk of bankruptcy.
AKT-A's Altman-Z score of 1.20 is on the low side compared to the rest of the industry. AKT-A is outperformed by 71.43% of its industry peers.
AKT-A has a debt to FCF ratio of 5.41. This is a neutral value as AKT-A would need 5.41 years to pay back of all of its debts.
The Debt to FCF ratio of AKT-A (5.41) is comparable to the rest of the industry.
AKT-A has a Debt/Equity ratio of 0.34. This is a healthy value indicating a solid balance between debt and equity.
AKT-A has a better Debt to Equity ratio (0.34) than 64.29% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.34
Debt/FCF 5.41
Altman-Z 1.2
ROIC/WACCN/A
WACC8.45%
AKT-A.CA Yearly LT Debt VS Equity VS FCFAKT-A.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 50M 100M 150M 200M 250M

2.3 Liquidity

A Current Ratio of 1.57 indicates that AKT-A should not have too much problems paying its short term obligations.
AKT-A has a Current ratio of 1.57. This is comparable to the rest of the industry: AKT-A outperforms 50.00% of its industry peers.
A Quick Ratio of 1.57 indicates that AKT-A should not have too much problems paying its short term obligations.
AKT-A has a better Quick ratio (1.57) than 67.86% of its industry peers.
Industry RankSector Rank
Current Ratio 1.57
Quick Ratio 1.57
AKT-A.CA Yearly Current Assets VS Current LiabilitesAKT-A.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M

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2

3. Growth

3.1 Past

The earnings per share for AKT-A have decreased strongly by -91.55% in the last year.
AKT-A shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -25.20%.
AKT-A shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 13.75% yearly.
EPS 1Y (TTM)-91.55%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-70%
Revenue 1Y (TTM)-25.2%
Revenue growth 3Y23.5%
Revenue growth 5Y13.75%
Sales Q2Q%-16.39%

3.2 Future

The Earnings Per Share is expected to decrease by -6.93% on average over the next years.
Based on estimates for the next years, AKT-A will show a small growth in Revenue. The Revenue will grow by 2.58% on average per year.
EPS Next Y-57.46%
EPS Next 2Y-12.75%
EPS Next 3Y-6.93%
EPS Next 5YN/A
Revenue Next Year-7.11%
Revenue Next 2Y3.29%
Revenue Next 3Y2.58%
Revenue Next 5YN/A

3.3 Evolution

The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
AKT-A.CA Yearly Revenue VS EstimatesAKT-A.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 50M 100M 150M 200M 250M
AKT-A.CA Yearly EPS VS EstimatesAKT-A.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 0.5 -0.5 1 -1 -1.5

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4

4. Valuation

4.1 Price/Earnings Ratio

AKT-A is valuated quite expensively with a Price/Earnings ratio of 25.00.
Compared to the rest of the industry, the Price/Earnings ratio of AKT-A is on the same level as its industry peers.
Compared to an average S&P500 Price/Earnings ratio of 29.75, AKT-A is valued at the same level.
A Price/Forward Earnings ratio of 4.28 indicates a rather cheap valuation of AKT-A.
Compared to the rest of the industry, the Price/Forward Earnings ratio of AKT-A indicates a rather cheap valuation: AKT-A is cheaper than 85.71% of the companies listed in the same industry.
AKT-A is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.44, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 25
Fwd PE 4.28
AKT-A.CA Price Earnings VS Forward Price EarningsAKT-A.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

AKT-A's Enterprise Value to EBITDA ratio is in line with the industry average.
AKT-A's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. AKT-A is cheaper than 67.86% of the companies in the same industry.
Industry RankSector Rank
P/FCF 5.63
EV/EBITDA 4.4
AKT-A.CA Per share dataAKT-A.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3 4

4.3 Compensation for Growth

AKT-A's earnings are expected to decrease with -6.93% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-12.75%
EPS Next 3Y-6.93%

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0

5. Dividend

5.1 Amount

AKT-A does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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AKITA DRILLING LTD-CL A

TSX:AKT-A (3/3/2025, 7:00:00 PM)

1.5

-0.08 (-5.06%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)11-04 2024-11-04/amc
Earnings (Next)03-05 2025-03-05/amc
Inst Owners21.17%
Inst Owner ChangeN/A
Ins Owners5.68%
Ins Owner ChangeN/A
Market Cap59.59M
Analysts84.44
Price Target2.81 (87.33%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly Dividend0
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-32.36%
Min EPS beat(2)-67.64%
Max EPS beat(2)2.91%
EPS beat(4)2
Avg EPS beat(4)-105.02%
Min EPS beat(4)-391.26%
Max EPS beat(4)35.92%
EPS beat(8)5
Avg EPS beat(8)-8.3%
EPS beat(12)7
Avg EPS beat(12)69.57%
EPS beat(16)9
Avg EPS beat(16)-5.04%
Revenue beat(2)0
Avg Revenue beat(2)-14.88%
Min Revenue beat(2)-20.55%
Max Revenue beat(2)-9.22%
Revenue beat(4)0
Avg Revenue beat(4)-14.15%
Min Revenue beat(4)-20.55%
Max Revenue beat(4)-9.22%
Revenue beat(8)0
Avg Revenue beat(8)-9.22%
Revenue beat(12)0
Avg Revenue beat(12)-9.44%
Revenue beat(16)1
Avg Revenue beat(16)-10.54%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.45%
Valuation
Industry RankSector Rank
PE 25
Fwd PE 4.28
P/S 0.34
P/FCF 5.63
P/OCF 1.42
P/B 0.37
P/tB 0.37
EV/EBITDA 4.4
EPS(TTM)0.06
EY4%
EPS(NY)0.35
Fwd EY23.35%
FCF(TTM)0.27
FCFY17.75%
OCF(TTM)1.05
OCFY70.21%
SpS4.47
BVpS4.03
TBVpS4.03
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 0.83%
ROE 1.31%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 1.18%
GM N/A
FCFM 5.95%
ROA(3y)0.03%
ROA(5y)-8.48%
ROE(3y)-0.35%
ROE(5y)-14.09%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0.71
Health
Industry RankSector Rank
Debt/Equity 0.34
Debt/FCF 5.41
Debt/EBITDA 2.11
Cap/Depr 110.45%
Cap/Sales 17.58%
Interest Coverage N/A
Cash Conversion 163.97%
Profit Quality 506.22%
Current Ratio 1.57
Quick Ratio 1.57
Altman-Z 1.2
F-Score4
WACC8.45%
ROIC/WACCN/A
Cap/Depr(3y)67.53%
Cap/Depr(5y)53.46%
Cap/Sales(3y)11.59%
Cap/Sales(5y)9.95%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-91.55%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-70%
EPS Next Y-57.46%
EPS Next 2Y-12.75%
EPS Next 3Y-6.93%
EPS Next 5YN/A
Revenue 1Y (TTM)-25.2%
Revenue growth 3Y23.5%
Revenue growth 5Y13.75%
Sales Q2Q%-16.39%
Revenue Next Year-7.11%
Revenue Next 2Y3.29%
Revenue Next 3Y2.58%
Revenue Next 5YN/A
EBIT growth 1Y-111.95%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year220.48%
EBIT Next 3Y55.04%
EBIT Next 5YN/A
FCF growth 1Y163.08%
FCF growth 3Y-10.42%
FCF growth 5YN/A
OCF growth 1Y990.75%
OCF growth 3Y15.88%
OCF growth 5YN/A