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AKITA Drilling Ltd (TSE:AKT.A)
TSX:AKT.A
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AKITA Drilling Ltd
(TSX:AKT.A)
64Neutral
AKITA Drilling Ltd (AKT.A) vs. S&P 500 (SPY)
Market Cap
C$65.00M
Dividend YieldN/A
Average Volume (3M)18.64K
Price to Earnings (P/E)5.0
Beta (1Y)1.15
Revenue Growth-14.26%
EPS Growth-30.29%
CountryCA
Employees1,064
SectorEnergy
Sector Strength47
IndustryOil & Gas Drilling
Share Statistics
EPS (TTM)0.22
Shares Outstanding38,080,406
10 Day Avg. Volume9,908
30 Day Avg. Volume18,644
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.00
Price to Cash Flow (P/CF)0.00
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
AKITA Drilling Ltd Business Overview & Revenue Model
Company DescriptionAKITA Drilling Ltd. is a Canadian-based company that specializes in providing contract drilling services to the oil and gas industry. Operating primarily in the Western Canadian Sedimentary Basin, the company offers a range of drilling solutions including shallow and deep drilling services. AKITA Drilling is recognized for its fleet of high-quality rigs and its commitment to safety, efficiency, and environmental stewardship.
How the Company Makes MoneyAKITA Drilling Ltd. generates revenue by providing contract drilling services to oil and gas exploration and production companies. The company's primary revenue stream comes from day rates charged to clients for the use of its drilling rigs and associated services. These contracts can vary in length and are typically based on a fixed daily rate, which covers the cost of the rig, labor, and operational support. Key factors contributing to AKITA's earnings include the utilization rate of its rig fleet, rig efficiency, and the overall demand for drilling services driven by commodity prices and exploration activities. Additionally, the company may engage in strategic partnerships or joint ventures to enhance its service offerings and expand its market presence.
AKITA Drilling Ltd Financial Statement Overview
Summary
AKITA Drilling Ltd shows mixed financial performance with improving operational efficiency yet declining revenue and profitability. The balance sheet reflects strong equity support and improving debt metrics, while cash flow constraints pose challenges. Overall, the company demonstrates moderate financial health with potential for growth if revenue and cash flow issues are addressed.Income Statement
The income statement shows fluctuating revenue with a recent decline compared to the previous year. Gross profit margin improved from negative in 2021 to positive in 2024, indicating improved operational efficiency. However, the net profit margin decreased to 6.65% in 2024 from 8.17% in 2023, reflecting reduced profitability. EBITDA margin remains strong at 24.96% in 2024. The absence of EBIT data for 2024 limits comprehensive margin analysis.―
Balance Sheet
The balance sheet exhibits a stable equity base with stockholders' equity increasing over recent years. The debt-to-equity ratio improved with a decrease in total debt, reflecting enhanced financial stability. Return on equity (ROE) stood at 7.50% in 2024, indicating moderate profitability for shareholders. The equity ratio is at 63.83%, demonstrating a strong equity position relative to assets.70
Cash Flow
The cash flow statement reveals a significant decline in free cash flow in 2024 compared to 2023, indicating constrained liquidity. Operating cash flow to net income ratio is strong, signifying efficient cash generation relative to profits. However, lower free cash flow to net income ratio highlights potential challenges in cash management.―
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 193.32M | 225.48M | 201.00M | 110.09M | 119.66M | Gross Profit |
| 21.68M | 29.94M | 18.85M | -8.59M | -4.87M | EBIT |
| 0.00 | 13.82M | 10.28M | -18.25M | -16.91M | EBITDA |
| 48.26M | 53.99M | 34.63M | 8.63M | -65.03M | Net Income Common Stockholders |
| 12.86M | 18.41M | 4.29M | -20.99M | -93.27M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 7.03M | 11.19M | 13.31M | 1.77M | 7.11M | Total Assets |
| 268.76M | 263.64M | 268.28M | 247.57M | 251.52M | Total Debt |
| 51.65M | 70.42M | 95.31M | 88.47M | 77.27M | Net Debt |
| 44.62M | 59.23M | 82.00M | 86.70M | 70.16M | Total Liabilities |
| 97.26M | 107.68M | 130.43M | 116.09M | 99.25M | Stockholders Equity |
| 171.51M | 155.96M | 137.85M | 131.49M | 152.27M |
| Cash Flow | Free Cash Flow | |||
| 2.22M | 10.97M | 216.00K | -19.88M | 15.27M | Operating Cash Flow |
| 30.26M | 35.57M | 18.20M | -3.46M | 22.86M | Investing Cash Flow |
| -14.09M | -11.99M | -13.60M | -11.80M | -4.98M | Financing Cash Flow |
| -20.97M | -25.16M | 5.97M | 10.20M | -11.30M |
AKITA Drilling Ltd Technical Analysis
Negative
1.63
Price Trends
1.70
Negative
1.69
Negative
1.60
Positive
Market Momentum
-0.03
Positive
40.18
Neutral
23.15
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:AKT.A, the sentiment is Negative. The current price of 1.63 is below the 20-day moving average (MA) of 1.68, below the 50-day MA of 1.70, and above the 200-day MA of 1.60, indicating a neutral trend. The MACD of -0.03 indicates Positive momentum. The RSI at 40.18 is Neutral, neither overbought nor oversold. The STOCH value of 23.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:AKT.A.
AKITA Drilling Ltd Peers Comparison
Overall Rating
UnderperformOutperform
Sector (56)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Neutral | C$352.68M | 6.64 | 25.28% | 10.32% | 0.51% | -40.79% | |
67 Neutral | C$28.43M | 5.67 | 6.08% | ― | -4.52% | -47.45% | |
64 Neutral | C$65.00M | 5.00 | 7.86% | ― | -14.26% | -30.29% | |
56 Neutral | $7.00B | 3.44 | -4.86% | 5.89% | -0.09% | -48.37% | |
54 Neutral | C$69.38M | ― | -2.16% | ― | 6.43% | 35.87% | |
53 Neutral | C$344.33M | 14.37 | -1.55% | ― | -6.00% | -150.20% |
* Energy Sector Average
Performance Comparison
TSE:AKT.A
AKITA Drilling Ltd
1.63
0.17
11.64%
TSE:ESI
Ensign Energy Services
1.85
-0.55
-22.92%
TSE:SDI
Stampede Drilling Inc
0.14
-0.09
-39.13%
TSE:PHX
PHX Energy Services
7.51
-0.58
-7.17%
TSE:WRG
Western Energy Services
2.15
-0.65
-23.21%
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.