AKITA Drilling Ltd T.AKT.A

Oil field services company analysis

[lifeisgood1010]

Akita is not part of this report.Still this report points to how cheaply valued
most if not all the stock in this sector are.

This report was done by Atrium.

Atrium is a small paid research firm with two analysts.

20240624_Atrium_Oilfield_Services_Update.pdf (mcusercontent.com)

[Possibleidiot01]

I noticed that Akita was missing as well. It does have a comment onStampede Drilling which others have mentioned here as a merger possibility. Stampede Drilling Inc. (SDI:TSXV) Stampede Drilling is an energy service company that provides drilling rig services in Western Canada. SDI is currently running nineteen rigs across Alberta and Saskatchewan for a broad range of customers, with 17 of 19

[Hockeyz]

So how would Akita (Akt.a) rate on the Atrium report?  At $1.30/ share, Akita’s market cap is $52M ($1.30/share X 40M shares o/s).  Akita’s net debt o/s is $57M. Thus, EV (enterprise value) of Akita is $109M ($52M + $57M). The EBITDA’s for Akita are $47.1M (2023 actual), $39.3M (2024 estimate) and $45.3M (2025 estimate). Therefore, EV/EBITDA for Akita are: 2023 actual of 2.3X ($109M/$47