GSY.TO  Argosy Energy Inc [the Co.]

Exchange

TSX

Sector

Energy

Industry

Market Cap.

406.44M

Vuru Grade

13.00/100

Current Price

$30.50
-0.03 (-0.10%)

Company Metrics

  • P/E 13.68
  • P/S 1.17
  • P/B 2.08
  • EPS 2.23
  • Cash ROIC -52.79%
  • Cash Ratio -
  • Dividend 0.72 / 2.36%
  • Avg. Vol. 24,045.00
  • Shares 13.33M
  • Market Cap. 406.44M

Company Description

Argosy Energy Inc. engages in the acquisition, exploration, exploitation, development, and production of crude oil and natural gas in Alberta, Canada. Its principal projects include Claresholm property located in Calgary, Alberta; Saxon property in Grand Prairie, Alberta; and Edson property in Edmonton. The company is headquartered in Calgary, Canada.... more


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

News

goeasy Ltd
The Globe and Mail - Aug 7, 2009
goeasy Ltd closed up just $0.03 Thursday to $30.53. Over the last five days, shares have gained 0.43% and are currently 2.55% off of the 52-week high.
goeasy Ltd. Reports Record Results for the Fourth Quarter and Full Year
Marketwired (press release) - Feb 15, 2017
15, 2017) - goeasy Ltd. (TSX:GSY) ("goeasy" or the "Company"), a leading full service provider of goods and alternative financial services that improve the lives of everyday Canadians, today announced its results for the fourth quarter and year ended ...
goeasy Ltd. Reports Record Performance for the Third Quarter ended September ...
Marketwired (press release) - Nov 3, 2016
3, 2016) - goeasy Ltd. (TSX:GSY) ("goeasy" or the "Company"), a leading full service provider of goods and alternative financial services that improve the lives of everyday Canadians, today announced its results for the third quarter ended September 30 ...
goeasy Ltd. Announces Timing of Fourth Quarter 2016 Conference Call and Webcast
Marketwired (press release) - Feb 2, 2017
MISSISSAUGA, ONTARIO--(Marketwired - Feb. 2, 2017) - goeasy Ltd. (TSX:GSY), ("goeasy" or the "Company"), a leading full service provider of goods and alternative financial services that improve the lives of everyday Canadians, will hold a conference ...
Andrea Fiederer, Executive Vice President and CMO of goeasy Ltd. Named a WXN ...
Marketwired (press release) - Nov 23, 2016
MISSISSAUGA, ONTARIO--(Marketwired - Nov. 23, 2016) - goeasy Ltd. (TSX:GSY), ("goeasy" or the "Company"), a leading full-service provider of goods and alternative financial services that improve the lives of everyday Canadians, is pleased to announce ...
goeasy Ltd. Launches Point-of-Sale Financing Platform with Sears Canada Inc.
Marketwired (press release) - Nov 2, 2016
MISSISSAUGA, ONTARIO--(Marketwired - Nov. 2, 2016) - goeasy Ltd. (TSX:GSY), ("goeasy" or the "Company"), a leading full-service provider of goods and alternative financial services that improve the lives of everyday Canadians, has launched a ...
goeasy Ltd. Appoints New Director
Marketwired (press release) - May 5, 2016
MISSISSAUGA, ONTARIO--(Marketwired - May 5, 2016) - goeasy Ltd. (TSX:GSY) ("goeasy" or the "Company"), the leading full service provider of goods and alternative financial services that improve the lives of everyday Canadians, welcomes Susan Doniz to ...
BRIEF-Goeasy Ltd posts Q4 earnings per share c$0.60
Reuters - Feb 15, 2017
BRIEF-Goeasy Ltd posts Q4 earnings per share c$0.60. Feb 15 Goeasy Ltd. * Goeasy Ltd reports record results for the fourth quarter and full year.
goeasy Ltd. Announces Timing of Second Quarter 2016 Conference Call and Webcast
Marketwired (press release) - Jul 20, 2016
MISSISSAUGA, ONTARIO--(Marketwired - July 20, 2016) - goeasyLtd. (TSX:GSY), ("goeasy" or the "Company"), the leading full service provider of goods and alternative financial services that improve the lives of everyday Canadians, will hold a conference ...
goeasy Ltd. Reports Strongest Quarterly and Annual Performance in Company ...
Marketwired (press release) - Feb 17, 2016
17, 2016) - goeasy Ltd. (TSX:GSY) ("goeasy" or the "Company"), the leading full service provider of goods and alternative financial services that improve the lives of everyday Canadians, today announced that 2015 concluded with its best quarter ever ...
Growth Rate Assumed by Market

We did a reverse valuation to calculate the growth rate the market is assuming for GSY.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 GSY.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.

$30.50 Current Price

$-15.01 Growth Price (DCF)

Why is this negative?


Show Free Cash Flow numbers

$- NCA Price

Overvalued by 100.00%


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

GSY.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.

GSY.TO has lost $52.79 of cash for every $100 invested.
Figures in CAD. Fiscal year ends in December
20122013201420152016
Free Cash Flow -8.92M -41.82M -68.35M -73.71M -31.33M
divided by
Invested Capital 17.21M 35.55M 118.89M 199.07M -
Cash ROIC -51.82% -117.64% -57.49% -37.03% -

Poor Return on Equity over the past 5 years

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

GSY.TO has only generated $- of Earnings for every $100 of Shareholders' Equity.
Figures in CAD. Fiscal year ends in December
20122013201420152016
Net Income - - - - -
divided by
Stockholders' Equity - - - - -
Return on Equity - - - - -

Poor Business Performance over the past 10 years

GSY.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.

GSY.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 -16.34M -11.80M -2.80M -13.19M -41.81M -8.92M -41.82M -68.35M -73.71M -31.33M

Very Weak Balance Sheet

GSY.TO is in a poor financial position. This could be due to a slowdown in sales, indulging in debt-fuelled growth, or the nature of GSY.TO's business. If it is highly capital intensive (see Economic Moat), they likely have to outlay significant capital just to stay competitive. This habit often destroys more value than it creates.
Figures in CAD. Fiscal year ends in December
2007200820092010201120122013201420152016
Cash - - 4.30M 93,000.00 - 4.63M 2.33M 1.17M 11.39M -
Current Assets 8.71M 3.90M 6.88M 2.68M 8.99M 44.56M 65.13M 106.40M 145.18M -
Total Assets 128.45M 72.09M 73.99M 63.07M 60.20M 189.93M 232.90M 319.47M 418.50M -
Current Liabilities 67.07M 29.12M 28.04M 16.14M 25.24M 63.07M 59.39M 45.45M 31.98M -
Total Liabilities 77.23M 36.06M 35.04M 21.67M 26.45M 84.91M 97.27M 165.50M 242.44M -
Stockholder' Equity 51.22M 36.03M 38.95M 41.40M 33.75M - - - - -
Current Ratio 0.13 0.13 0.25 0.17 0.36 0.71 1.10 2.34 4.54 -
TL-to-TA 0.60 0.50 0.47 0.34 0.44 0.45 0.42 0.52 0.58 -

Low or No Reinvestment of Profits over the past 10 years

GSY.TO has either been retaining a small amount of their earnings or has done so inconsistently. A lack of consistency could be due to GSY.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 11.50M -1.34M -7.57M -8.80M -46.23M 41.23M 51.23M 66.45M 83.51M 102.61M
Retained Earnings Growth - -111.63% -465.97% -16.27% -425.44% 189.19% 24.26% 29.70% 25.67% 22.87%

Erratic Net Profit Margins over the past 10 years

GSY.TO has had highly erratic net profit margins which are a great cause for concern. This company may operate in a highly volatile industry, or it may just have poor performance. Look at reasons for this inconsistency to understand if there is any reason to look past it.
Figures in CAD. Fiscal year ends in December
2007200820092010201120122013201420152016
Net Income 5.76M 47,000.00 -6.23M -1.23M -20.12M - - - - -
divided by
Revenue 45.17M 20.51M 9.51M 11.83M 10.03M 199.67M 218.81M 259.15M 304.27M 350.51M
Net Profit Margin 12.74% 0.23% -65.49% -10.41% -200.59% - - - - -

Erratic Gross Profit Margins over the past 10 years

GSY.TO has had highly erratic gross profit margins which are a great cause for concern. This company may operate in a highly volatile industry, or it may just have poor performance. Look at reasons for this inconsistency to understand if there is any reason to look past it.
Figures in CAD. Fiscal year ends in December
2007200820092010201120122013201420152016
Gross Profit 28.17M 13.82M 5.64M 8.52M 10.03M 199.67M 218.81M 259.15M 304.27M -
divided by
Revenue 45.17M 20.51M 9.51M 11.83M 10.03M 199.67M 218.81M 259.15M 304.27M 350.51M
Gross Margin 62.37% 67.38% 59.32% 72.00% 100.00% 100.00% 100.00% 100.00% 100.00% -

High Capital Intensity over the past 10 years

GSY.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.

22,666.60% 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 38.40M 20.99M 5.00M 14.89M 40.66M 67.08M 60.66M 61.41M 55.59M 48.95M
divided by
Net Income 5.76M 47,000.00 -6.23M -1.23M -20.12M - - - - -
Capital Expenditure Ratio 667.25% 44,665.96% -80.18% -1,209.42% -202.10% - - - - -

No Dividend History over the past 10 years

GSY.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 17.80M 4.90M 7.10M 14.86M 21.11M 12.00M 12.31M 13.45M 14.04M 13.91M
Dividend Paid Per Share - - - - - - - - - -
Price at Year End - - 1.25 2.46 1.20 0.05 0.03 0.03 18.93 24.40
Dividend Yield - - - - - - - - - -

History of Stock Buybacks over the past 10 years

GSY.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 17.80M 4.90M 7.10M 14.86M 21.11M 12.00M 12.31M 13.45M 14.04M 13.91M
Stock Bought Back - 263.35% -30.99% -52.21% -29.63% 75.96% -2.52% -8.48% -4.19% 0.93%
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