Enterprise Group Inc.

TSX: E

Enterprise, formed in 2004, provides specialized equipment and services for companies operating in the energy, pipeline, and construction sectors. The company operates in Alberta and B.C. The company has $41M in equipment and property assets. Enterprise’ EV (enterprise value) of $31M, implies that its shares are trading at just 76% of hard assets.

Exposure

Revenue primarily comes from renting equipment to oil and gas companies, including majors such as Suncor (TSX: SU), Chevron (NYSE: CVX), and ConocoPhillips (NYSE: COP).

Equity Report

EBITDA was up 29% in 2021, and 27% YoY in Q1-2022, amid a rebound in market activities due to stronger oil and gas pricest. It is estimated that the oil and gas field services market in Canada will grow 15% this year vs the five-year average of 5% p.a. (Source: IBISWorld).

Market Overview

We have a positive outlook on oil prices as we are expecting a prolonged period of conflict between the West and East. Russia accounts for 13% of global oil production.

Fundamental Research was Featured on:

FRC was Featured on:

Testimonials

What People Are Saying

Fundamental Research Corp

4.9

Based on 32 reviews

review us on

Reinhard Schu

10:40 09 Jul 22

FRC' provides insightful and useful research reports. Their reports have drawn my attention to several interesting stocks that I would otherwise may have missed. They have a premium paid-for service, but I use their free reports when available, as that is sufficient for my purposes.

Green Squirel

02:11 07 Jul 22

I truly love getting e-mails from this company, it's a one of kind research organization. They go in depth with great detail about the company's they report on. Most other financial/business services that send e-mails are mostly junk. They send stuff about Bit-coin/Crashed, High-Tech/Crashed, Bonds/Crashed, or listening to an hour long lecture, with no ability to fast forword and then they demand money at the end etc. Not FRC they stick to the basics, writing excellent articles on companies that have a great opportunity to become very profitable in the future.

Jeet Joshi

19:48 29 Jun 22

I have a great time reading FRC reports. They clearly know what they're talking about!

Farhad Ahmad

06:41 25 Jun 22

FRC has a good approach to fundamental analysis of companies and the industry. I like the 1st page of the analysis that highlights major issues about the company and the industry, and provides an outlook of performance. The risk level is another important aspect of the analysis for risk-averse investors and readers, making the analysis insightful.

Joe Grill

20:41 24 Jun 22

Fundamental Research Corp has been my go-to source for no-nonsense information for several years. I really appreciate the high level of detail they provide in all their articles and reports. Keep up the great work!

Thurman Johnson

19:05 24 Jun 22

I utilize their reports often, the depth and format are both excellent. I highly recommend FRC for anyone that wants to gain company-specific research in nascent and established areas alike.

Norman Umali

15:47 21 Jun 22

Glad I subscribe. FRC has been an objective source of analyst-curated data and evidence-based advice. Their analysts are ranked as high as big five bank analysts, but you get their analysts recommendations presented in a concierge format. I am hoping FRC will start to offer personalized investment advice services soon so I can keep up with these crazy markets