Kiwetinohk Energy Corp. (KEC.TO) | Investment Case

1. Company Snapshot

1.a. Company Description

Kiwetinohk Energy Corp., an energy transition company, engages in the development and production of natural gas in west-central Alberta.It also develops and operates renewable solar and wind power projects; natural gas-fired power generation plants; produces hydrogen; produces and markets oil, condensate, carbon dioxide, and natural gas liquids; and produces clean products from natural gas.The company is based in Calgary, Canada.

Show Full description

1.b. Last Insights on KEC

Kiwetinohk Energy Corp.'s recent performance was driven by a series of positive developments. The company's formal business strategy review, launched on June 23, aims to evaluate value-enhancing opportunities, particularly in its upstream assets and orderly exit from the power business. This strategic review is expected to unlock potential growth drivers and improve operational efficiency. Additionally, the company's participation in high-profile energy conferences, such as EnerCom Denver, underscores its commitment to engaging with industry leaders and investors.

1.c. Company Highlights

Last Price	24.6
Change Percentage	-0.20%
Open	24.64
Previous Close	24.65
Market Cap ( Millions)	1078
Volume	14949
Year High	24.74
Year Low	13.57
M A 50	23.73
M A 200	20.37

FCF Yield	-1.04%
Dividend Yield	0.00%
ROE	17.16%
Debt / Equity	28.57%
Net Debt / EBIDTA	63.10%
Price To Book	1.3
Price Earnings Ratio	8.29
Price To FCF	-96.41
Price To sales	1.84
EV / EBITDA	3.49

2. Transcript Summary

Unfortunately this company is not part of our coverage yet. But as part of your subscription plan you can request it by clicking just below and we'll process.

Request Coverage

3. NewsRoom

U.S. oil companies, energy investors 'looking at Canada again' amid flurry of deals

Nov -20

Source:

Kiwetinohk reports third quarter 2025 results and provides updated annual guidance

Nov -05

Source:

Unveiling Three Undiscovered Gems in the Canadian Market

Oct -30

Source:

Update: Kiwetinohk Jumps 9% as It Agrees to be Acquired by Cygnet Energy For $24.75 per Share

Oct -28

Source:

Cygnet Energy To Acquire Kiwetinohk For C$24.75 a Share In C$1.4 Billion Deal

Oct -28

Source:

Cygnet Energy Enters into Agreement to Acquire Kiwetinohk Energy Corp.

Oct -28

Source:

Kiwetinohk Announces a Cash Sale for $24.75 Per Share under Arrangement Agreement with Cygnet Energy Ltd.

Oct -28

Source:

Undiscovered Gems In Canada Featuring Birchcliff Energy And Two More Small Caps

Oct -01

Source:

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (4.91%)

6. Segments

Oil and Condensate

Expected Growth: 6%

Kiwetinohk Energy Corp.'s 6% growth in Oil and Condensate is driven by increased drilling activities, improved well completion techniques, and enhanced oil recovery methods. Additionally, favorable oil prices, strategic acquisitions, and efficient operations also contribute to the growth.

Natural Gas

Expected Growth: 5%

Kiwetinohk Energy Corp.'s natural gas growth is driven by increasing demand from power generation and industrial sectors, coupled with rising LNG exports. Additionally, the company's focus on low-cost, high-margin production and strategic acquisitions contribute to its 5% growth rate.

Commodity from Purchases

Expected Growth: 4%

The 4% growth in commodity purchases from Kiwetinohk Energy Corp. is driven by increasing global energy demand, rising oil prices, and Kiwetinohk's strategic expansion into new markets, coupled with improved operational efficiency and cost savings from optimized supply chain management.

Natural Gas Liquids

Expected Growth: 3%

Kiwetinohk Energy Corp.'s Natural Gas Liquids (NGLs) segment growth is driven by increasing demand for petrochemical feedstocks, proximity to key markets, and strategic partnerships. Additionally, the company's focus on operational efficiency, cost reduction, and infrastructure development supports its growth trajectory.

Royalties

Expected Growth: 2%

The 2% growth in royalties from Kiwetinohk Energy Corp. is driven by increasing oil and gas production, rising commodity prices, and a favorable contract structure that ensures a steady revenue stream. Additionally, the company's focus on optimizing operations and reducing costs has also contributed to the growth.

7. Detailed Products

Renewable Energy Solutions

Kiwetinohk Energy Corp. offers customized renewable energy solutions, including solar, wind, and hydro power, to reduce carbon footprint and promote sustainable development.

Energy Storage Systems

Kiwetinohk Energy Corp. provides advanced energy storage systems, including batteries and other innovative technologies, to optimize energy efficiency and reduce energy waste.

Energy Efficiency Services

Kiwetinohk Energy Corp. offers comprehensive energy efficiency services, including energy audits, retrofits, and energy management systems, to reduce energy consumption and costs.

Electric Vehicle Charging Infrastructure

Kiwetinohk Energy Corp. designs and installs electric vehicle charging infrastructure, including fast-charging stations and Level 2 charging systems, to support the adoption of electric vehicles.

Energy Consulting Services

Kiwetinohk Energy Corp. provides expert energy consulting services, including energy strategy development, feasibility studies, and project management, to help clients achieve their energy goals.

8. Kiwetinohk Energy Corp.'s Porter Forces

Forces Ranking

Threat Of Substitutes

Kiwetinohk Energy Corp. faces moderate threat from substitutes due to the availability of alternative energy sources.

Bargaining Power Of Customers

Kiwetinohk Energy Corp. has a diverse customer base, reducing the bargaining power of individual customers.

Bargaining Power Of Suppliers

Kiwetinohk Energy Corp. relies on a few key suppliers, giving them moderate bargaining power.

Threat Of New Entrants

The energy industry has low barriers to entry, making it easy for new entrants to join the market, posing a high threat to Kiwetinohk Energy Corp.

Intensity Of Rivalry

The energy industry is highly competitive, with many established players, leading to a high intensity of rivalry for Kiwetinohk Energy Corp.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

	Value
Debt Weight	21.80%
Debt Cost	5.37%
Equity Weight	78.20%
Equity Cost	5.37%
WACC	5.37%
Leverage	27.87%

11. Quality Control: Kiwetinohk Energy Corp. passed 6 out of 9 key points

Strong Liquidity

Low Debt

Strong Interest Coverage

Healthy Cash Flow

Operating Inefficiency

Strong Return On Equity

Consistent Revenue Growth

Consistent Operating Cash Flow Growth

Margin Improvement

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Parex Resources

A-Score: 7.6/10

Value: 8.6

Growth: 6.2

Quality: 7.0

Yield: 10.0

Momentum: 8.5

Volatility: 5.3

1-Year Total Return ->

Kiwetinohk Energy

A-Score: 6.9/10

Value: 7.9

Growth: 9.1

Quality: 6.9

Yield: 0.0

Momentum: 9.5

Volatility: 8.3

1-Year Total Return ->

Freehold Royalties

A-Score: 6.9/10

Value: 5.1

Growth: 5.4

Quality: 7.2

Yield: 9.0

Momentum: 5.0

Volatility: 9.7

1-Year Total Return ->

MorningStar Partners

A-Score: 6.4/10

Value: 6.4

Growth: 6.6

Quality: 4.8

Yield: 10.0

Momentum: 5.5

Volatility: 5.3

1-Year Total Return ->

SandRidge Energy

A-Score: 6.3/10

Value: 7.4

Growth: 3.3

Quality: 7.9

Yield: 9.0

Momentum: 4.0

Volatility: 6.0

1-Year Total Return ->

Spartan Delta

A-Score: 5.1/10

Value: 5.7

Growth: 4.6

Quality: 5.8

Yield: 1.0

Momentum: 9.5

Volatility: 4.0

1-Year Total Return ->

Peers Metrics

12.e Scoring ^Insights

12.f DCF ^BETA

Parameters

Short Term Growth

24.48%

Short term Time

10.0

Long-Term Growth

2.00%

WACC

5.37%

Kiwetinohk Energy Corp. - CA49836K1021

1. Company Snapshot

1.a. Company Description

1.b. Last Insights on KEC

1.c. Company Highlights

Higher Growth

Less Volatile

Cheaper

Earnings Miss

Lower Yield

Fairly Valued

Stable Momentum

Revenues Beats

Strong Momentum

Revenues Miss

Earnings Beats

2. Transcript Summary

3. NewsRoom

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (4.91%)

6. Segments

Oil and Condensate

Expected Growth: 6%

Natural Gas

Expected Growth: 5%

Commodity from Purchases

Expected Growth: 4%

Natural Gas Liquids

Expected Growth: 3%

Royalties

Expected Growth: 2%

7. Detailed Products

Renewable Energy Solutions

Energy Storage Systems

Energy Efficiency Services

Electric Vehicle Charging Infrastructure

Energy Consulting Services

8. Kiwetinohk Energy Corp.'s Porter Forces

Forces Ranking

Threat Of Substitutes

Bargaining Power Of Customers

Bargaining Power Of Suppliers

Threat Of New Entrants

Intensity Of Rivalry

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

11. Quality Control: Kiwetinohk Energy Corp. passed 6 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

24.6$

Current Price

24.6$

Potential

-0.00%

Expected Cash-Flows

12.e Scoring ^Insights

12.f DCF ^BETA