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High Arctic Overseas Holdings Corp.
(HOH)
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Rating:55Neutral
Price Target:
C$2.50
▲(110.08% Upside)
Action:Reiterated
Date:09/09/26
The score is held back primarily by weak trailing financial performance (sharp revenue decline, heavy losses, and negative operating/free cash flow), despite a strong low-debt balance sheet. Technicals are a meaningful positive with the stock trading above key moving averages and positive MACD, while valuation remains difficult to assess favorably due to negative earnings and no dividend yield data.
Positive Factors
Very low leverage
The very low debt burden and substantial equity base provide financial resilience relative to the company’s operating volatility. Conservative leverage can reduce interest pressure, preserve borrowing capacity, and give management more flexibility to stabilize operations or pursue growth when conditions improve.
Negative Factors
Severe revenue contraction
The steep TTM revenue decline signals substantial deterioration in business activity and weak current demand or project execution. A smaller revenue base can reduce operating leverage, make fixed costs harder to absorb, and delay any return to sustainable profitability over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
The very low debt burden and substantial equity base provide financial resilience relative to the company’s operating volatility. Conservative leverage can reduce interest pressure, preserve borrowing capacity, and give management more flexibility to stabilize operations or pursue growth when conditions improve.
Read all positive factors
High Arctic Overseas Holdings Corp. (HOH) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$30.98M
Dividend YieldN/A
Average Volume (3M)4.24K
Price to Earnings (P/E)―
Beta (1Y)0.54
Revenue GrowthN/A
EPS GrowthN/A
CountryCA
Employees108
SectorGeneral
Sector StrengthN/A
IndustryOil & Gas Drilling
Share Statistics
EPS (TTM)-0.46
Shares Outstanding12,416,581
10 Day Avg. Volume4,924
30 Day Avg. Volume4,236
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)0.39
Price to Sales (P/S)1.18
P/FCF Ratio-4.04
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
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
High Arctic Overseas Holdings Corp. Business Overview & Revenue Model
Company Description
High Arctic Overseas Holdings Corp., through its subsidiaries, provides contract drilling, equipment rental, and other oilfield services in Papua New Guinea. It offers oil and gas drilling, workovers and abandonments, and heli-portable services. T...
High Arctic Overseas Holdings Corp. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
74
Positive
Cash Flow
30
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.94M | 8.92M | 24.07M | 43.38M | 29.93M | 11.75M |
| Gross Profit | -1.28M | -652.00K | 5.25M | 8.19M | -2.10M | -4.61M |
| EBITDA | -3.09M | -1.50M | 7.78M | -3.99M | 3.63M | 2.38M |
| Net Income | -5.65M | -4.09M | 2.86M | -8.62M | -4.96M | -5.02M |
Balance Sheet | ||||||
| Total Assets | 28.68M | 30.28M | 35.29M | 43.37M | 50.57M | 68.46M |
| Cash, Cash Equivalents and Short-Term Investments | 9.56M | 11.95M | 14.93M | 10.96M | 3.85M | 1.89M |
| Total Debt | 560.00K | 101.00K | 448.00K | 973.00K | 463.00K | 161.00K |
| Total Liabilities | 4.92M | 3.27M | 4.33M | 10.26M | 8.84M | 11.02M |
| Stockholders Equity | 23.77M | 27.01M | 30.95M | 33.11M | 41.73M | 57.45M |
Cash Flow | ||||||
| Free Cash Flow | -3.91M | -2.60M | 9.46M | 7.83M | 2.23M | -3.77M |
| Operating Cash Flow | -3.57M | -2.38M | 10.11M | 8.91M | 2.63M | -1.90M |
| Investing Cash Flow | -302.00K | -215.00K | -652.00K | -1.08M | 324.00K | -1.82M |
| Financing Cash Flow | -386.00K | -375.00K | -5.49M | -714.00K | -993.00K | -4.97M |
High Arctic Overseas Holdings Corp. Technical Analysis
Positive
1.19
Price Trends
2.01
Positive
1.81
Positive
1.52
Positive
Market Momentum
0.13
Negative
70.16
Negative
74.80
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:HOH, the sentiment is Positive. The current price of 1.19 is below the 20-day moving average (MA) of 2.19, below the 50-day MA of 2.01, and below the 200-day MA of 1.52, indicating a bullish trend. The MACD of 0.13 indicates Negative momentum. The RSI at 70.16 is Negative, neither overbought nor oversold. The STOCH value of 74.80 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:HOH.
High Arctic Overseas Holdings Corp. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | C$42.87M | 7.21 | 6.75% | ― | 16.17% | 682.05% | |
66 Neutral | C$14.35M | 8.19 | 7.22% | 356.67% | 19.80% | -93.88% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | C$30.98M | -3.74 | -21.68% | ― | ― | ― | |
52 Neutral | C$698.60M | -17.30 | -3.11% | 133.33% | -1.48% | -6.74% | |
51 Neutral | C$118.15M | -4.54 | -9.61% | 7.03% | -10.90% | -349.06% |
* General Sector Average
TSE:HOH
High Arctic Overseas Holdings Corp.
2.38
1.30
120.37%
TSE:ESI
Ensign Energy Services
3.78
1.60
73.39%
TSE:SDI
Stampede Drilling Inc
0.22
0.08
51.72%
TSE:WRG
Western Energy Services
3.49
1.39
65.80%
TSE:HWO
High Arctic Energy Services
1.05
0.23
27.27%
High Arctic Overseas Holdings Corp. Corporate Events
Business Operations and StrategyFinancial Disclosures
High Arctic Absorbs Q2 Loss as PNG Activity Poised to Rebound
Negative
Aug 27, 2026
High Arctic reported a weak second quarter of 2026, as low activity levels in Papua New Guinea and upfront spending on projects pushed revenue down slightly year over year and turned a prior-period operating margin of 21.5% into a loss, with EBITD...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.