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ACT Energy Technologies

ACXAF
46
Oil & Gas Drilling · Energy
Price
$5.67
+0.05 (+0.82%)
Market Cap
$218.9M
Exchange
Other OTC
Winston Score
46
Winston is serious
Mixed quality — meaningful strengths and weaknesses.
Data as of Sep 11, 2026 · filings through Jun 30, 2026

§How the score breaks down

Quality
Mixed
Growth
Weak
Cash Flow
Strong
Stability
Good
Valuation
Exceptional
Dividends
Weak

Share count falling — buybacks

42.6% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 65.0M (2021) → 37.3M (2025)

§Winston Score History

The full picture

ACT Energy Technologies is a Canadian company that provides specialized tools and services used in oil and gas drilling. Its products include downhole tools, fishing tools, and wellbore cleanup equipment that help energy companies drill wells more efficiently and fix problems underground. The company serves oil and gas producers primarily in North America.

ACT Energy makes money by renting and selling drilling tools and providing related field services to exploration and production companies. It operates mainly in Canada and the United States, with a market cap around $200 million. The company has built its position through acquisitions, combining several smaller tool and service businesses to offer a broader product lineup. Growth depends on drilling activity levels in North America, which are closely tied to oil and gas prices — making commodity price swings the primary risk to its revenue.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+59.3% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+120.0% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

C$5M/ year

Rising (+76% vs prior year)

1.0% of revenue

In line with sector average (1%)

R&D investment increasing — building for the future

Insider Activity

31.3%ownership

Insiders own a meaningful stake in the company

Cash Runway

~9 months

C$19M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Revenue accelerating

ACT Energy Technologies grew revenue 59% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
22.5%
Thin — 22.5% gross margin
Profit after running costs
Operating Margin
6.8%
Modest — 6.8% operating margin
Return on the money invested
ROCE
8.3%
Below par — 8.3% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth
Sales YoY
+5.1%
Slow sales growth (+5.1% YoY)
Profit growth
EPS YoY
-27.8%
Earnings shrinking (-27.8% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is
EPS Consistency
3/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash
Cash Conversion
204%
Turns 204% of profit into real cash
Spare cash per sale
FCF Margin
1.4%
Thin free cash flow (1.4%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns
Debt / Equity
0.51
Conservative — low debt load (0.51)
Covers its interest
Interest Cover
3.47x
Tight — interest eats into profit (3.5x)

Interest coverage between 3 and 8. Profits cover interest several times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
7.6x
Attractive valuation — P/E 7.6

P/E under 10. The price tag is small relative to last year's profit.

Cheaper or dearer next year
P/E vs Forward
+3.6
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (7.6 → 4.0)

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Dividends

Dividend
Dividend Yield
0.30%
Small dividend — 0.30% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record
Dividend Growth
-45.5%
Dividend cut (-45.5% YoY) — warning sign

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