Since I have done further reviews of these companies, I thought I would compare them again. I must admit I still like Mullen better. I do like companies that increase their dividends. However, I like companies better than pay dividends they can afford. In the new chart below, I do not give Ensign any credit for increasing their dividends because they cannot afford them.
Even though Mullen has done better in growth (or really not as much a decline) I do not think I can give any points for declining growth. The problem still is that the oil and gas industry is not doing well currently because of the relatively low price of oil.
It has also been my experience that when companies have insider ownership, the debt ratios, especially the Liquidity Ratio, are good. This is not the case with Ensign.
The following chart is now slightly revised.
| Item | Ensign | Pt | Mullen | Pt |
|---|---|---|---|---|
| Liquidity Ratio | Below 1.00 (0.96) | -1 | 8.28% | 1 |
| Other Debt Ratios | Good | 1 | Good | 1 |
| Dividend Growth Company | Stopped in 2015 | To 2017, down 70% | -1 | |
| Dividend Yield | 7.74% | 2.35% | ||
| 5 year Median Dividend Yield | 3.42% | 4.76% | ||
| Dividend Payout Ratios | -48.98%, 216.04% 5 year | -1 | 121.15%, 112.55% 5 year | -1 |
| DPR for EPS 2017 | -65.75% | -1 | 61.02% | 1 |
| DPR for CFPS 2016 | 43.20% (over 40%) | -1 | 33.74% (Better) | 1 |
| Dividend Growth 5 years | 4.24% | -9.89% | ||
| Dividend Growth 10 years | 5.54% | -6.36% | ||
| Dividend Increase 2016 | 0%, 0 in 2017 | -47.50% | ||
| Could Cut Dividend | Yes | Further cuts unlikely | ||
| Total Return from 2014 | -8.3%, L=12.9%, D 4.6% | -7.67%, L=11.8%, D=4.2% | ||
| Revenue to end of 2015 | -40.04% | -15.00% | ||
| Revenue to end of 2016 | -38.71% | -24.63% | ||
| EPS to end of 2015 | -247.83% | -85.29% | ||
| EPS to end of 2016 | 44.12% | 246.67% | 1 | |
| CFPS to the end of 2015 | -29.96% | -9.93% | ||
| CFPS to the end of 2016 | -42.40% | -44.26% | ||
| ROE 10 years above 10% | 4 years | 5 years | 1 | |
| ROE 5 years above 10% | 1 year | 3 years | 1 | |
| ROE 5 year median | 3.5% | 10.5% | 1 | |
| Comp Inc. ROE to Net Inc., | lower | lower | ||
| ROE Comp Inc. 5 yr. median | 7.8% | 10.5% | 1 | |
| Survive low Liquidity Ratio | Probably | n/a | ||
| Survive Dividend Cut | yes | Yes | ||
| Insider Ownership | Yes, Chairman 17.29% | 1 | Yes, Chairman 3.3% | 1 |
| Score | -2 | 8 |
Below is my chart from my blog entry of 2014:
| Item | Ensign | Pt | Mullen | Pt |
|---|---|---|---|---|
| Liquidity Ratio | Below 1.00 | -1 | Very good | 1 |
| Other Debt Ratios | Good | 1 | Good | 1 |
| Dividend Growth Company | Yes | 1 | Yes | 1 |
| Dividend Yield | 4.50% | 5.64% | 1 | |
| 5 year Median Dividend Y | 2.55% | 4.44% | ||
| Dividend Payout Ratios | Better | 1 | ||
| Dividend Growth 5 years | Better | 1 | ||
| Dividend Growth 10 years | Better | 1 | ||
| Dividend Increase 2014 | Yes, | 1 | No, but scores for smart decision | 1 |
| Could Cut Dividend | Possible | -1 | ||
| Total Return | Better | 1 | ||
| Revenue growth | Lately, Mullen Better | 1 | ||
| EPS to end of 2013 | Better | 1 | ||
| EPS to end of 2014 | Better, especial over past 5 years | 1 | ||
| CFPS to the end of 2013 | Better | 1 | ||
| CFPS to the end of 2014 | Better | 1 | But not by much | 1 |
| ROE 10 years above 10% | Better | 1 | ||
| ROE 5 years above 10% | Better | 1 | ||
| ROE 5 year median | 8.2% | Better 15.8% | 1 | |
| Comp Inc. ROE to Net Inc., | Higher, confirms EPS | 1 | same | 1 |
| ROE Comp Inc. 5 yr. median | 8.7% | 15.8% | ||
| Survive low Liquidity Ratio | Possibly not | |||
| Survive Dividend Cut | Yes | |||
| Insider Ownership | Yes, Chairman 16.7% | 1 | Yes, Chairman 3.2% | 1 |
| Score | 9 | 14 |
On my other blog I wrote yesterday about MacDonald, Dettwiler & Associates (TSX-MDA, OTC-MDDWF)... learn more. Tomorrow, I will write about Husky Energy Inc. (TSX-HSE, OTC- HUSKF)... learn more on Wednesday, May 31, 2017 date around 5 pm.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. I do research for my own edification and I am willing to share. I write what I think and I may or may not be correct.
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