Enterprise Group, Inc.
Attracts Bought-Deal Financing to Fund Growth CAPEX
Published: 3/12/2024
Author: Sid Rajeev, B.Tech, CFA, MBA
Sector: Energy | Industry: Oil & Gas Equipment & Services
| Metrics | Value |
|---|---|
| Current Price | CAD $0.83 |
| Fair Value | CAD $1.33 |
| Risk | 3 |
| 52 Week Range | CAD $0.37-0.93 |
| Shares O/S (M) | 58 |
| Market Cap. (M) | CAD $48 |
| Current Yield (%) | n/a |
| P/E (forward) | 7.2 |
| P/B | 1.0 |
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Report Highlights
Highlights
E is up 118% YoY, making it one of the best performing stocks on our list of oilfield services companies.
In 2023, EBITDA was up 61% YoY, missing our estimate by just 1%. Revenue was up 25% YoY, missing our estimate by 7% due to project delays caused by forest fires, and unusually warm weather in Q4. We anticipate that some of these projects will be rescheduled to H1-2024 and therefore, revenue from these projects has been deferred rather than lost.
Gross and EBITDA margins exceeded our estimates by 1 pp, and 3 pp, respectively.
Revenue growth came from new contracts with tier-one clients. Per consensus estimates, growth in North Americ
