MACRO ENTERPRISES INC. chart

Last update: 2021-02-19
Key statistics and financials
Revenue per share 11.06
Dividend & YieldN/AC$ (N/A)
Beta 1.54
Market capitalization 126.03M
Operating cash flow 31.02M
ESG Scores unknown

Company description

Macro Enterprises Inc. provides pipeline and facilities construction and maintenance services to the oil and gas industry in western Canada. It offers construction, alteration, repair, and installation of pipeline and facility pressure piping, and structural steel facilities. The company was founded in 1994 and is headquartered in Fort Saint John, Canada. Macro Enterprises Inc. was formerly a subsidiary of Spiecapag Canada Corp. As of April 20, 2022, Macro Enterprises Inc. was taken private.

Sector: Basic Materials - Industry: Oil & Gas Pipelines

Financial data

Diluted earning per share

Financial Ratios
Quick Ratio1.76
Working Capital-0.31
Return On Equity-0.12
Debt To Equity0.18
Fixed Asset Ratio0.17
Fixed Interest Cover3.18

Net income vs Operating income

Asset vs Liabilities

Financial Statements

Cashflow Statement 2017-12-31 2018-12-31 2019-12-31 2020-12-31
Change To Liabilities 940k 57.29M -13.05M -33.36M
Total Cashflows From Investing Activities -5.49M -23.35M -38.4M -14.73M
Net Borrowings 1.57M 18.47M -5.21M 12.83M
Total Cash From Financing Activities 1.6M 18.47M -5.56M 13.49M
Change To Operating Activities -82k -4.66M -750k 1.06M
Issuance Of Stock 255k 663k 663k 660k
Net Income -3.45M 8.96M 25.21M -12.32M
Change In Cash 705k 34.3M -20.13M -6.24M
Effect Of Exchange Rate
Total Cash From Operating Activities 4.59M 39.18M 23.83M -5M
Depreciation 5.99M 7.8M 18.49M 19.89M
Change To Account Receivables -860k -36.32M -17.96M 22.8M
Other Cashflows From Financing Activities
Change To Netincome 1.74M 5.66M 10.01M -4.11M
Capital Expenditures -4.34M -23.84M -39.05M -15.33M

Income Statement 2017-12-31 2018-12-31 2019-12-31 2020-12-31
Research Development
Income Before Tax -4.08M 12.59M 35.6M -12.54M
Net Income -3.45M 8.96M 25.21M -12.32M
Selling General Administrative 7.65M 6.72M 7.39M 7.16M
Gross Profit 10.8M 28.81M 68.71M 38.28M
Ebit -2.92M 13.32M 41.34M 10.65M
Operating Income -2.92M 13.32M 41.34M 10.65M
Interest Expense -962k -1.32M -4.7M -3.35M
Income Tax Expense -637k 3.62M 10.39M -221k
Total Revenue 103.98M 191.06M 413.73M 267.63M
Cost Of Revenue 93.17M 162.25M 345.01M 229.35M
Total Other Income ExpenseNet -1.16M -729k -5.74M -23.19M
Net Income From Continuing Ops -3.45M 8.96M 25.21M -12.32M
Net Income Applicable To Common Shares -3.45M 8.96M 25.21M -12.32M

Balance Sheet Statement 2017-12-31 2018-12-31 2019-12-31 2020-12-31
Total Liabilities 21.39M 102.38M 107.22M 79.39M
Total Stockholder Equity 78.55M 88.5M 114.86M 103.77M
Other Current Liabilities 632k 19.87M 2.23M 2.8M
Total Assets 99.94M 190.88M 222.07M 183.17M
Common Stock 20.73M 20.76M 23.64M 24.95M
Other Current Assets 221k 1.71M 1.05M 320k
Retained Earnings 53.77M 62.74M 87.94M 75.62M
Treasury Stock
Cash 38.12M 72.42M 52.29M 46.05M
Total Current Liabilities 11.39M 75.93M 70.54M 52.98M
Other Stockholder Equity
Property, Plant, and Equipment 44.16M 60.01M 95.19M 87.1M
Total Current Assets 54.28M 125.98M 122.93M 93.25M
Net Tangible Assets 78.55M 88.5M 114.86M 103.77M
Net Receivables 15.75M 50.8M 68.76M 45.95M
Accounts Payable 2.81M 18.7M 12.51M 8.69M


Insider Transactions

Here are the insider transactions of stock shares related to MACRO ENTERPRISES INC.:

Filer Name Transaction Text Ownership Date Filer Relation Shares
Nielsen (Michael)Acquisition or disposition in the public market at price 2.20 per share.D2021-06-16Director of Issuer129.5k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to MACRO ENTERPRISES INC.. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on MACRO ENTERPRISES INC.

Here is the result of two systematic investment strategies applied to MACRO ENTERPRISES INC.. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on MACRO ENTERPRISES INC.

The following chart shows the equity curve of the two systematic investment strategies applied to MACRO ENTERPRISES INC.:

MACRO ENTERPRISES INC. automated entries

The systematic investment strategy that buys the first day of the month would give a performance of -14.88% on the backtest period.

Performance at glance

Performance

-14.88 %

Latent gain

-223.17 C$

Invested capital

1499.97 C$

Annualized return

-4.07 %
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Momentum strategy results on MACRO ENTERPRISES INC.

This is the result of two momentum investment strategies applied to MACRO ENTERPRISES INC.. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on MACRO ENTERPRISES INC.

The following chart shows all the entries opened by the momentum investment system on MACRO ENTERPRISES INC.:

MACRO ENTERPRISES INC. momentum entries
  • The first momentum investment strategy would give -12.11% of return on MACRO ENTERPRISES INC.. That represents -665.86C$ of latent gain with 5499.46C$ of employed capital.
  • The second momentum investment strategy would give -16.14% of return on MACRO ENTERPRISES INC.. That represents -646.14C$ of latent gain with 4003.74C$ of employed capital.
Performance at glance (1Q Momentum)

Performance

-12.11 %

Latent gain

-665.86 C$

Invested capital

5499.46 C$

Annualized return

-16.88 %
Performance at glance (2Q Momentum)

Performance

-16.14 %

Latent gain

-646.14 C$

Invested capital

4003.74 C$

Annualized return

-5.08 %

Momentum equity curve on MACRO ENTERPRISES INC.

The following chart shows the equity curve of the two momentum strategies applied to MACRO ENTERPRISES INC.:

MACRO ENTERPRISES INC. momentum equity

Note: the dividends potentially given by MACRO ENTERPRISES INC. are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on MACRO ENTERPRISES INC.

The following chart shows the employed capital evolution of the two momentum strategies on MACRO ENTERPRISES INC. since the beginning:

MACRO ENTERPRISES INC.

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250C$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000C$.


Buy the dip strategy result on MACRO ENTERPRISES INC.

Buy the dip entry openings on MACRO ENTERPRISES INC.

MACRO ENTERPRISES INC.

The performance achieved by the robo-advisor on MACRO ENTERPRISES INC. is -28.02%. That represents -210.21$ of latent gain with 750.21C$ of employed capital. The following chart shows MACRO ENTERPRISES INC. stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of MACRO ENTERPRISES INC., and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

-28.02 %

Latent gain

-210.21 C$

Invested capital

750.21 C$

Annualized return

-16.88 %

Equity curve of the strategy applied to MACRO ENTERPRISES INC.

The following chart shows the result of the investment strategy applied to MACRO ENTERPRISES INC.:

MACRO ENTERPRISES INC.

Note: the dividends potentially given by MACRO ENTERPRISES INC. are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on MACRO ENTERPRISES INC.

The following chart shows the employed capital evolution since the beginning of the investment strategy on MACRO ENTERPRISES INC.:

MACRO ENTERPRISES INC.

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on MACRO ENTERPRISES INC.

In this section, I will compare the three previous investment strategies applied to MACRO ENTERPRISES INC..

Equity curve comparison on MACRO ENTERPRISES INC.

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

MACRO ENTERPRISES INC. investment strategy comparison

Employed capital comparison on MACRO ENTERPRISES INC.

MACRO ENTERPRISES INC. investment comparison

Performance comparison on MACRO ENTERPRISES INC.

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment -14.88% -223.17C$ 1499.97C$ -4.07%
Momentum 1 quarter -12.11% -665.86C$ 5499.46C$ -3.54%
Momentum 2 quarters -16.14% -646.14C$ 4003.74C$ -5.08%
Non-directional -28.02% -210.21C$ 750.21C$ -16.88%
Annualized return comparison

Automatic investment

-4.07 %

Momentum 1Q

-5.08 %

Momentum 2Q

-5.08 %

Non-directional

-16.88 %

Correlated stocks

Here are the most positively and negatively correlated stocks with MACRO ENTERPRISES INC.:

Positive correlations

Most correlated stocks this year


Most correlated stocks last 3 months

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

Note: The algorithm computes the probability of correlation between MACRO ENTERPRISES INC. and the other stocks. There may be false positives or some missing correlated stocks. If the price of MACRO ENTERPRISES INC. does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name MACRO ENTERPRISES INC.
Country Canada
City Fort Saint John
Address PO Box 6781
Phone 250 785 0033
Website www.macroindustries.ca
FullTime employees
Industry Oil & Gas Pipelines
Sector Basic Materials
Exchange XTSX
Ticker MCR.XTSX
Market www.tsx.com

MACRO ENTERPRISES INC. ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown