CR.TO  Crew Energy Inc

Exchange

TSX

Sector

Energy

Industry

Market Cap.

592.66M

Vuru Grade

18.05/100

Current Price

$3.98
+0.02 (+0.51%)

Growth Price

$3.98
Fairly valued

Company Metrics

  • P/E 834
  • P/S 3.05
  • P/B 0.69
  • EPS -0.08
  • Cash ROIC -10.46%
  • Cash Ratio -
  • Dividend 0 / 0%
  • Avg. Vol. 783,235.00
  • Shares 148.91M
  • Market Cap. 592.66M

Company Description

Crew Energy Inc., together with its wholly owned subsidiary, Crew Resources Inc., engages in acquiring, exploring for, developing, and producing crude oil and natural gas in western Canada. As of December 31, 2009, its core operating areas included the Princess area comprising of 245,632 net acres of land; the Killam area consisting of 38,533 net acres of land; the Pine Creek area covering 22,682 ... more


Download 10 Years of Financial Statements:
Income Statement   Balance Sheet   Cash Flow

News

Crew Energy Inc. Announces Executive Change
GlobeNewswire (press release) - Oct 13, 2017
CALGARY, Alberta, Oct. 12, 2017 (GLOBE NEWSWIRE) -- Crew Energy Inc. (TSX:CR) (“Crew” or the “Company”) today announces that Mr. Robert Morgan, Senior Vice President and Chief Operating Officer of Crew, has resigned his position with the ...
Crew Energy Inc. Announces Second Quarter 2017 Financial and Operating Results
Marketwired (press release) - Aug 2, 2017
2, 2017) - Crew Energy Inc. (TSX:CR) ("Crew" or the "Company") is pleased to announce our operating and financial results for the three and six month periods ended June 30, 2017.
Crew Energy Inc. Announces Closing of C$300 Million Senior Notes Offering
MarketWatch - Mar 14, 2017
Crew Energy Inc. (CR) of Calgary, Alberta ("Crew" or the "Company") announced today the successful closing of its previously announced offering of C$300 million aggregate principal amount of 6.500% senior unsecured notes due March 14, 2024 (the "2024 ...
How Financially Strong Is Crew Energy Inc (TSX:CR)?
Simply Wall St - Oct 13, 2017
While small-cap stocks, such as Crew Energy Inc (TSX:CR) with its market cap of CAD $619.46M, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.
Crew Energy Inc. Announces C$300 Million Senior Notes Offering
Marketwired (press release) - Feb 24, 2017
Crew Energy Inc. (TSX:CR) of Calgary, Alberta ("Crew" or the "Company") announced today that it has entered into an underwriting agreement to sell, on a private placement basis, C$300 million aggregate principal amount of 6.500% senior unsecured notes ...
Crew Energy Inc. Announces Fourth Quarter and Full Year 2016 Financial and ...
Marketwired (press release) - Mar 2, 2017
CALGARY, ALBERTA--(Marketwired - March 2, 2017) - Crew Energy Inc. (TSX:CR) ("Crew" or the "Company") is pleased to announce our operating and financial results for the three and twelve month periods ended December 31, 2016.
Crew Energy Inc (CR.TO) Reaches Active Mover List
JCTY News - 17 hours ago
Shares of Crew Energy Inc (CR.TO) is moving on volatility today 0.25% or 0.010 from the open. The TSX listed company saw a recent bid of 3.97 on 144280 volume.
Were Analysts Bearish Crew Energy Inc (TSE:CR) This Week?
BZ Weekly - Oct 18, 2017
Investors sentiment increased to 1.54 in Q2 2017. Its up 0.47, from 1.07 in 2017Q1. It increased, as 27 investors sold Crew Energy Inc shares while 78 reduced holdings. 47 funds opened positions while 115 raised stakes. 36.35 million shares or 0.08 ...
Crew Energy Inc (CR) Price Target Cut to C$5.25
Dispatch Tribunal - Oct 10, 2017
Crew Energy Inc (TSE:CR) had its price target trimmed by Laurentian Bank of Canada from C$5.75 to C$5.25 in a report published on Friday, StockTargetPrices.
Crew Energy Inc (CR) Price Target Lowered to C$5.25 at Laurentian - TrueBlueTribune
Crew Energy Inc (CR) Stock Price Down 4.4% After Analyst Downgrade - The Ledger Gazette
$0.01 EPS Expected for Crew Energy (CR); Cumulus Media (CMLS) Had 1 Bullish ...
Herald KS - 18 hours ago
Analysts expect Crew Energy Inc (TSE:CR) to report $0.01 EPS on November, 2.They anticipate $0.02 EPS change or 200.00% from last quarter's $-0.01 EPS.
Growth Rate Assumed by Market

We did a reverse valuation to calculate the growth rate the market is assuming for CR.TO to be considered fairly valued at its current market price. It's useful to compare this to the growth rate we're assuming for the Growth Price.

Future Free Cash Flow Growth Rate

This is the annual growth rate we've applied to calculate CR.TO's Free Cash Flow for the next 10 years. To calculate it, we looked at several time periods of the last 10 years. Feel free to adjust it, but we limit the initial growth rate to 20% and slow it down over the years. Otherwise, long-term sustainability issues come into play.

Discount Rate

The discount rate is the annual rate of return an investor requires to take the risk of investing in a single stock. To account for that risk, this should be above 8-10%, as this is the avg. annual rate of return for the S&P500 over the past 100 years.

$3.98 Current Price

$3.98 Growth Price (DCF)

Fairly valued


Growth Rate Assumed by Market: -%


Future Free Cash Flow Growth Rate: 0.0%


Discount Rate: 15.0%


CR.TO's most recent year of (normalized) free cash flow is negative. This is the base number for forward projections. This means that if you increase the growth rate, the amount of negative FCF grows, thereby decreasing the price.

Show Free Cash Flow numbers

$6.55 Book Price

Undervalued by 64.46%


Very Poor Cash Return on Invested Capital over the past 5 years

CR.TO has failed to generate positive returns on its investments in buildings, projects and equipment. This could be due to poor management, lack of an economic moat or the capital intensive nature of the business.

CR.TO has lost $10.46 of cash for every $100 invested.
Figures in CAD. Fiscal year ends in December
20122013201420152016
Free Cash Flow -67.38M -113.95M -276.44M -173.33M -34.80M
divided by
Invested Capital 1.73B 1.74B 1.13B 1.20B 1.17B
Cash ROIC -3.89% -6.56% -24.51% -14.39% -2.97%

Very Poor Return on Equity over the past 5 years

CR.TO has shown an inability to deliver results for shareholders. This could be due to poor management, CR.TO operating in a highly competitive industry, or having a weak business in general.

CR.TO has generated a $12.80 loss for every $100 of Shareholders' Equity.
Figures in CAD. Fiscal year ends in December
20122013201420152016
Net Income 21.54M -79.31M -349.71M -55.36M -64.93M
divided by
Stockholders' Equity 1.18B 1.11B 790.37M 845.70M 821.69M
Return on Equity 1.82% -7.12% -44.25% -6.55% -7.90%

Poor Business Performance over the past 10 years

CR.TO's inability to produce positive free cash flow for the majority of the past 10 years is concerning. It should be a red flag, since this company does not have a track record of delivering results for shareholders. This could be due to poor management or the nature of its business.

CR.TO has been losing money for the majority of the past 10 years.
Figures in CAD. Fiscal year ends in December
2007200820092010201120122013201420152016
Free Cash Flow -27.69M -138.74M -45.91M -152.15M -222.45M -67.38M -113.95M -276.44M -173.33M -34.80M

Good Balance Sheet

CR.TO's Total Assets double Total Liabilities. Its financial position is adequate. Remember to check Shareholders' Equity to see if it's stable or growing. It's one of the best measures of whether a company is creating value for shareholders.
Figures in CAD. Fiscal year ends in December
2007200820092010201120122013201420152016
Cash - - - 982,000.00 - - - 2.05M 1.16M -
Current Assets 28.93M 44.07M 38.12M 61.02M 79.12M 46.41M 49.88M 78.47M 34.42M 39.59M
Total Assets 602.54M 1.05B 963.25M 998.07M 1.84B 1.83B 1.84B 1.23B 1.24B 1.24B
Current Liabilities 44.97M 75.94M 86.38M 101.09M 192.74M 102.10M 105.32M 95.34M 38.22M 68.49M
Total Liabilities 238.81M 452.24M 358.97M 381.39M 712.54M 650.24M 729.57M 434.70M 398.59M 417.35M
Stockholder' Equity 363.73M 593.27M 604.28M 616.68M 1.13B 1.18B 1.11B 790.37M 845.70M 821.69M
Current Ratio 0.64 0.58 0.44 0.60 0.41 0.45 0.47 0.82 0.90 0.58
TL-to-TA 0.40 0.43 0.37 0.38 0.39 0.35 0.40 0.35 0.32 0.34

Low or No Reinvestment of Profits over the past 10 years

CR.TO has either been retaining a small amount of their earnings or has done so inconsistently. A lack of consistency could be due to CR.TO operating at a loss or them having such a strong economic moat they feel comfortable spending profits on growth. Be wary of future prospects and if applicable, inspect the moat's sustainability.
Figures in CAD. Fiscal year ends in December
2007200820092010201120122013201420152016
Retained Earnings 55.04M 1.72M -36.09M -53.26M -167.79M -146.25M -225.56M -575.27M -630.63M -695.56M
Retained Earnings Growth - -96.87% -2,197.27% -47.55% -215.07% 12.84% -54.23% -155.04% -9.62% -10.30%

Loss Making Entity over the past 10 years

CR.TO has been unable to maintain profitability. It's Costs of Sales have outstripped Revenue consistently. This is a huge red flag, unless the company has been investing heavily for the future. However, even that is dubious since accurately predicting the future of a company like that is extremely difficult.

$24.76 of every $100 of Revenue have been a loss, on average over the past 10 years.
Figures in CAD. Fiscal year ends in December
2007200820092010201120122013201420152016
Net Income 9.11M -53.32M -37.82M -17.16M -130.16M 21.54M -79.31M -349.71M -55.36M -64.93M
divided by
Revenue 140.47M 235.86M 162.17M 212.05M 379.92M 455.50M 407.02M 455.57M 162.27M 161.70M
Net Profit Margin 6.49% -22.61% -23.32% -8.09% -34.26% 4.73% -19.49% -76.76% -34.11% -40.15%

Strong Pricing Power over the past 10 years

CR.TO has maintained substantial gross margins, suggesting that they have been able to set prices without consideration of the cost of goods sold. This potentially leaves flexibility in inflationary environments to raise prices on consumers and maintain profitability.

$53.76 of every $100 worth of sales have been Gross Profit, on average over the past 10 years.
Figures in CAD. Fiscal year ends in December
2007200820092010201120122013201420152016
Gross Profit 90.35M 139.45M 93.60M 106.69M 182.96M 232.43M 197.42M 264.51M 79.54M 83.13M
divided by
Revenue 140.47M 235.86M 162.17M 212.05M 379.92M 455.50M 407.02M 455.57M 162.27M 161.70M
Gross Margin 64.32% 59.13% 57.72% 50.31% 48.16% 51.03% 48.50% 58.06% 49.01% 51.41%

High Capital Intensity over the past 10 years

CR.TO spends large amounts of capital buying new equipment or investing in new facilities to stay competitive. Over the long term, those costs may have to be fuelled by debt. Look at the growth of Shareholders' Equity to see if this strategy is having a positive or negative impact.

1,212.47% of Profits are being spent on Capital Expenditures, like Property, Plant, & Equipment, required to run the business.
Figures in CAD. Fiscal year ends in December
2007200820092010201120122013201420152016
Capital Expenditure 102.09M 262.09M 128.57M 249.32M 375.87M 280.97M 275.90M 445.64M 248.03M 112.28M
divided by
Net Income 9.11M -53.32M -37.82M -17.16M -130.16M 21.54M -79.31M -349.71M -55.36M -64.93M
Capital Expenditure Ratio 1,120.66% -491.55% -339.99% -1,452.81% -288.77% 1,304.28% -347.87% -127.43% -448.06% -172.93%

No Dividend History over the past 10 years

CR.TO has never distributed dividends or has recently suspended their dividend distribution.
Figures in CAD. Fiscal year ends in December
2007200820092010201120122013201420152016
Dividend Paid - - - - - - - - - -
divided by
Shares Outstanding 47.95M 61.58M 81.00M 79.75M 102.03M 120.82M 121.63M 122.40M 137.95M 143.09M
Dividend Paid Per Share - - - - - - - - - -
Price at Year End 7.28 5.30 14.61 19.15 11.25 6.38 6.38 5.77 3.97 7.51
Dividend Yield - - - - - - - - - -

History of Stock Buybacks over the past 10 years

CR.TO has some history of delivering increased value for shareholders in the form of stock buybacks. These have helped improve financial metrics and increase each shareholders' relative ownership stake in the company, due to fewer shares outstanding and holding the same number of shares.
Figures in CAD. Fiscal year ends in December
2007200820092010201120122013201420152016
Shares Outstanding 47.95M 61.58M 81.00M 79.75M 102.03M 120.82M 121.63M 122.40M 137.95M 143.09M
Stock Bought Back - -22.14% -23.98% 1.57% -21.84% -15.55% -0.67% -0.63% -11.27% -3.59%
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