reports
- Sid Rajeev
Q4 Disappointing, 2025 Recovery Anticipated
Enterprise Group Inc. (TSX: E / OTCQB: ETOLF) saw Q4-2024 revenue drop 19% YoY due to low oil prices and a delayed LNG project, missing estimates with EPS at $0.07. Despite a 28% stock dip, a $29M financing cleared most debt, and Q1-2025 shows recovery signs with rising gas prices and drilling. Positive energy sector sentiment may aid its 2025 rebound.
- Nicholas Cortellucci
- CFA
Finding the Next Takeout in Canadian Small-Caps - Part Four
What you need to know: • Since our last note in September, there have been 11 new takeouts in Canadian small-caps. This has accelerated in recent weeks with the acquisitions of Softchoice, Quisitive, and Carebook. • Our potential takeouts portfolio is up 61% since inception (November 2023) and 13% since our last note, compared to the TSX up 28% and 9% respectively. We review the biggest winners and losers in the portfolio and present a list of new ideas on our radar. How Have Things Progressed?...
GCL COLABOR GROUP INC
COV. COVALON TECHNOLOGIES LTD.
CTX CRESCITA THERAPEUTICS
E ENTERPRISE GROUP
FTG FIRAN TECHNOLOGY GROUP CORP.
IFX IMAFLEX INC. CL A
MAL MAGELLAN AEROSPACE CORP.
SYZ SYLOGIST LTD.
VLN VELAN INC.
KUT REDISHRED CAPITAL CORP.
GSI. GATEKEEPER SYSTEMS INC
OSS ONE STOP SYSTEMS
QIS CN QUORUM INFORMATION TECHNOLOGIES INC
NPTH NEUPATH HEALTH
XYBN XYBION DIGITAL INC
GRID TANTALUS SYSTEMS HLDG INC
HAI HAIVISION SYSTEMS INC
CNG KRAKEN ROBOTICS INC
BQE BQE WATER INC.
- Sid Rajeev
Q3 Disappoints;Trump’s Re-election Set to Boost the Sector
Enterprise Group Inc. (TSX: E / OTCQB: ETOLF) reported disappointing Q3 results, with revenue down 19% YoY and EPS turning negative, leading to a 19% drop in share price despite a 208% YoY gain overall. The quarter suffered from client-specific delays and weather challenges, though H1 revenue was up 30% YoY, supported by new contracts. Management's confidence in future growth is reflected in a 27% YoY increase in 2024 CAPEX to $12M and a five-year exclusivity agreement with FlexEnergy Solutions,...
Enterprise Group Inc: 2 directors
Two Directors at Enterprise Group Inc sold 160,000 shares at between 0.000CAD and 2.310CAD. The significance rating of the trade was 68/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over ...
- Nicholas Cortellucci
- CFA
Finding the Next Takeout in Canadian Small-Caps - Part Three
What you need to know: • Since our last note in May, there have been 10 additional takeouts in Canadian small-caps, most of which coming in a significant premiums. • The new acquisitions largely fit within the framework outlined in previous reports. • Our potential takeouts portfolio is up 43% since inception (November 2023) and 17% since our last note, compared to the TSX up 18% and 3% respectively. We review the biggest winners and losers in the portfolio and present a list of new ideas on ou...
GCL COLABOR GROUP INC
COV. COVALON TECHNOLOGIES LTD.
CTX CRESCITA THERAPEUTICS
E ENTERPRISE GROUP
IFX IMAFLEX INC. CL A
MAL MAGELLAN AEROSPACE CORP.
SYZ SYLOGIST LTD.
KUT REDISHRED CAPITAL CORP.
GSI. GATEKEEPER SYSTEMS INC
QIS CN QUORUM INFORMATION TECHNOLOGIES INC
XYBN XYBION DIGITAL INC
GRID TANTALUS SYSTEMS HLDG INC
HAI HAIVISION SYSTEMS INC
CNG KRAKEN ROBOTICS INC
BQE BQE WATER INC.
OSS ONESOFT SOLUTIONS INC
- Sid Rajeev
Strong EPS Growth Fueled by Fleet Expansion: Outperforming Industry - ...
Enterprise Group Inc. has seen a remarkable 216% increase in its stock price YoY, making it the top performer among oilfield services companies. In Q2-2024, the company reported a 41% YoY revenue increase, exceeding expectations by 9%, primarily due to new contracts with tier-one clients. This surge in revenue led to a positive EPS, beating estimates by 25%. The company’s CAPEX for H1-2024 rose by 56% YoY to $10M, reflecting the need for additional equipment to meet growing client demand. Enter...
- Nicholas Cortellucci
- CFA
Oilfield Services: Still Way Too Cheap
What you need to know: • We anticipate oil prices to remain within the US$80-$90 range, which will sustain the current uptick in E&P capital expenditure and foster a strong environment for oilfield services firms. • Our peer group continues to trade at deep-value multiples; currently at 4.5x/4.0x 2024E/2025E EBITDA. • We highlight a few of our favourite small-cap names that we believe have significant upside as we move into H2/24. Following our last oilfield services thematic note (published i...
PRE PRECISION DRILLING CORPORATION
5CF CALFRAC WELL SERVICES LTD.
CET. CATHEDRAL ENERGY SERVICES LTD.
CMG. COMPUTER MODELLING GROUP LTD.
E ENTERPRISE GROUP
ESN ESSENTIAL ENERGY SERVICES LTD.
HWO HIGH ARCTIC ENERGY SERVICE
TCW TRICAN WELL SERVICE LTD.
SES SECURE ENERGY SERVICES INC.
TIC TITANIUM CORP. INC.
CFW SHAWCOR LTD.
SCL CES ENERGY SOLUTIONS CORP.
PD ENSIGN ENERGY SERVICES INC.
CEU MCCOY GLOBAL INC.
ESI PHX ENERGY SERVICES CORP.
MCB STEP ENERGY SERVICES LTD.
PHX SOURCE ENERGY SERVICES
STEP WESTERN ENERGY SERVICES CORP.
SHLE STAMPEDE DRILLING INC
- Sid Rajeev
Enterprise Group: Latest Financial Results and Industry Expansion
We are excited to share our latest equity research report on Enterprise Group, Inc. (E.TO/ETOLF), In this report, we examine how Enterprise Group has achieved significant growth, with its stock price increasing by 202% year-over-year.
- Sid Rajeev
- Sid Rajeev
- Nicholas Cortellucci
- CFA
Finding the Next Takeout in Canadian Small-Caps
What you need to know: • Over the past two months, there have been seven takeouts of Canadian small/mid-caps. We think this demonstrates the major disconnect between fundamentals and valuation in the market today which financial and strategic buyers are taking advantage of. • We outline six common characteristics of the acquisitions in order to create a framework for finding the next one and provide a list of stocks that meet the criteria. What’s Going On Here? Over the past two months, we have...
E ENTERPRISE GROUP
MAL MAGELLAN AEROSPACE CORP.
MDI MAJOR DRILLING GROUP INTERNATIONAL INC.
SEV SPECTRA7 MICROSYSTEMS INC
KUT REDISHRED CAPITAL CORP.
RET.A REITMANS (CANADA) LTD. CL A NV
SXP SUPREMEX INC.
FAR FORACO INTERNATIONAL SA
WJX WAJAX CORP.
XX AVANTE LOGIXX
GSI. GATEKEEPER SYSTEMS INC
TXG 10X GENOMICS INC CLASS A
SPG SPARK POWER GROUP
ALC ALGOMA CENTRAL CORPORATION
GRID QUIPT HOME MEDICAL INC.
PMKR TANTALUS SYSTEMS HLDG INC
NOW PLAYMAKER CAPITAL INC. (PMKR)
HAI NOW CORP
CNG HAIVISION SYSTEMS INC
QIPT KRAKEN ROBOTICS INC
PATIENT HOME MONITORING CORP
- Sid Rajeev
- Sid Rajeev
- Sid Rajeev
- Sid Rajeev
- Sid Rajeev
- Sid Rajeev
Enterprise Group Announces Results for First Quarter 2021
St. Albert, Alberta--(Newsfile Corp. - May 13, 2021) - Enterprise Group, Inc. (TSX: E) (the "Company" or "Enterprise"), a consolidator of services to the energy sector; focused primarily on specialized equipment rental; today released its Q1 2021 results. Three months March 31, 2021 Three months March 31, 2020 Revenue$5,859,287$6,986,550Gross margin$2,726,358$2,849,296Gross margin %47%41%EBITDA(1)$2,392,768$2,306,444Net income and comprehensive income$93,639$504,695Income per share $0.00$0.01 (1) Identified and defined under "Non-IFRS Measures".The downturn in the energy industry, compound...
Enterprise Group Announces Results for Fourth Quarter and Full Year 20...
St. Albert, Alberta--(Newsfile Corp. - March 12, 2021) - Enterprise Group, Inc. (TSX: E) ("Enterprise," or "the Company"), a consolidator of services to the energy sector; focused primarily on construction services and specialized equipment rental, today released its Q4 2020 and FY2020 results.OVERALL PERFORMANCE AND RESULTS OF OPERATIONSThree months December 31, 2020Three months December 31, 2019Year ended December 31, 2020Year ended December 31, 2019 Revenue$3,883,145$5,349,256$15,520,105$19,521,797 Gross margin$1,787,065$1,556,653$5,194,638$5,044,970 Gross margin %46%29%34%26% EBITDA(1)$1,...
Enterprise Group Announces Results for Third Quarter 2020
St. Albert, Alberta--(Newsfile Corp. - November 13, 2020) - Enterprise Group, Inc. (TSX: E) (the "Company" or "Enterprise"), a consolidator of services to the energy sector; focused primarily on specialized equipment rental; today released its Q3 2020 results.Three months September 30, 2020Three months September 30, 2019Nine months September 30, 2020Nine months September 30, 2019Revenue$2,505,840$3,830,847$11,636,960$14,172,541Gross margin$352,221$352,043$3,407,573$3,488,313Gross margin %14%9%29%25%EBITDA(1)$11,425$(183,188)$2,301,716$1,847,235Net loss and comprehensive loss$(1,555,677)$(2,2...
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