Risk factor
Very poor trading liquidity
Profitability factor
Very weak growth
About
High Arctic Overseas Holdings Corp., through its subsidiaries, provides contract drilling, equipment rental, and other oilfield services in Papua New Guinea. It offers oil and gas drilling, workovers and abandonments, and heli-portable services. The company also engages in the rental of equipment, including cranes, telehandlers, and loaders; light vehicles and heavy transport; generators and fuel storage; site matting; modular camps and offices; pressure washers and water transfer pumps; and elevated work platforms, light plants, and compressors. In addition, it provides fire services, such as alarm, automated fire sprinkler, and special hazards and suppression systems, as well as fire hydrant, hose reel and fire pump sets, fire system design, inspections and testing, and hazard and risk assessments. Further, the company is involved in preventive maintenance program development, implementation, and automation; risk-based maintenance and integrity management for critical equipment; maintenance system audit and compliance assessments; and asset integrity and maintenance testing. It serves the energy, mining, civils and construction, commercial, industrial, accommodation, and ports and warehousing industries. The company was founded in 1993 and is headquartered in Calgary, Canada.
Company Valuation
From both historical and forecast perspectives, the stock is slightly overpriced compared to similar stocks. In particular, the stock is overvalued on P/FCF.