AKITA Drilling Ltd
TSX:AKT.A
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EV/EBIT
Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.
Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.
Valuation Scenarios
If EV/EBIT returns to its 3-Year Average (8.8), the stock would be worth CA$1.42 (63% downside from current price).
| Scenario | EV/EBIT Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 23.4 | CA$3.79 |
0%
|
| 3-Year Average | 8.8 | CA$1.42 |
-63%
|
| 5-Year Average | 5.8 | CA$0.95 |
-75%
|
| Industry Average | 11.4 | CA$1.84 |
-52%
|
| Country Average | 14.5 | CA$2.34 |
-38%
|
Forward EV/EBIT
Today’s price vs future ebit
Peer Comparison
| Market Cap | EV/EBIT | P/E | ||||
|---|---|---|---|---|---|---|
| CA |
|
AKITA Drilling Ltd
TSX:AKT.A
|
147.8m CAD | 23.4 | 10.6 | |
| CN |
|
China Oilfield Services Ltd
SSE:601808
|
72.7B CNY | 11.8 | 18.9 | |
| US |
|
Noble Corp (Cayman Island)
NYSE:NE
|
7.9B USD | 18.2 | 36.3 | |
| CH |
|
Transocean Ltd
NYSE:RIG
|
6.7B USD | 16.1 | -2.3 | |
| BM |
|
Valaris Ltd
NYSE:VAL
|
6.3B USD | 13.7 | 6.4 | |
| SA |
A
|
ADES Holding Company SJSC
SAU:2382
|
21.9B SAR | 19.3 | 26.8 | |
| US |
|
Noble Corporation PLC
CSE:NOBLE
|
31.4B DKK | 12.5 | 22.7 | |
| US |
|
Patterson-UTI Energy Inc
NASDAQ:PTEN
|
4.3B USD | -128.3 | -45.9 | |
| US |
|
Helmerich and Payne Inc
NYSE:HP
|
3.8B USD | 30.2 | -12.1 | |
| BM |
|
Seadrill Ltd
NYSE:SDRL
|
3B USD | 46.8 | -39 | |
| SA |
A
|
Arabian Drilling Co
SAU:2381
|
10.8B SAR | 83.5 | -143.1 |
Market Distribution
| Min | 0 |
| 30th Percentile | 10.6 |
| Median | 14.5 |
| 70th Percentile | 20.6 |
| Max | 3 794.4 |
Other Multiples
AKITA Drilling Ltd
Glance View
Akita Drilling Ltd. engages in the drilling solutions in the field of oil and natural gas. The company is headquartered in Calgary, Alberta and currently employs 400 full-time employees. The firm is oil and gas drilling contractor with a fleet of 37 drilling rigs. AKITA provides contract drilling services through two geographical segments: Canada and the United States. In addition to conventional drilling, the Company specializes in pad and other purpose-built drilling rigs and is active in directional, horizontal and underbalanced drilling providing specialized drilling services to a range of independent and multinational oil and gas companies. With a fleet of 20 rigs, the Company's Canadian division operates in Alberta, British Columbia, Saskatchewan, Yukon and the Northwest Territories. With a fleet of 17 rigs, the Company's United States division conducts operations in Colorado, Wyoming, Texas, New Mexico, North Dakota and Oklahoma.
