Arrow Exploration

CSTPF

Oil & Gas Exploration & Production · Energy

Price

$0.38

+0.01 (+2.70%)

Market Cap

$108.6M

Exchange

Other OTC

Winston Score

Winston is happy

A high-quality business with solid fundamentals.

Data as of Aug 30, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Exceptional

Growth

Good

Cash Flow

Exceptional

Stability

Exceptional

Valuation

Strong

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Share count rising — dilution

+203.1% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 96.2M (2021) → 291.8M (2025)

Winston Score History

The full picture

Arrow Exploration is a small oil and gas company that drills for and produces crude oil and natural gas. Its operations are focused in Colombia and Western Canada, with Colombia being the primary source of its production. The company targets conventional oil reservoirs and sells its output to local refiners and commodity buyers.

Arrow generates revenue by selling the oil and natural gas it extracts from its wells. It is a micro-cap producer with a market capitalization around $100 million, operating in Colombia's Llanos and Middle Magdalena Valley basins. The company's Colombian assets offer relatively low-cost production, which has supported healthy margins. Key growth depends on successful drilling results and expanding production from its Colombian portfolio, while commodity price swings and political or regulatory risks in Colombia remain the main challenges.

Growth Profile

For growth stock investors

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

Revenue Growth

+85.8% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

>+1,000% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (1%)

Research and development spending

Insider Activity

24.9%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

$29M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

Arrow Exploration grew revenue 86% 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.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

59.0%

Premium pricing power — 59.0% gross margin

Profit after running costs

Operating Margin

48.5%

Excellent — 48.5% operating margin

Return on the money invested

ROCE

41.9%

Exceptional — 41.9% return on capital

ROIC above 25%. Every dollar invested in the business earns more than 25 cents back per year.

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Growth

Sales growth

Sales YoY

+8.2%

Steady sales growth (+8.2% YoY)

Profit growth

EPS YoY

+49.2%

Earnings growing fast (+49.2% YoY)

Earnings growing 25%+ a year. The compounder zone.

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

281%

Turns 281% of profit into real cash

Spare cash per sale

FCF Margin

17.2%

Converts sales into free cash efficiently (17.2%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

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Stability

What it owes vs what it owns

Debt / Equity

0.00

Conservative — low debt load (0.00)

Covers its interest

Interest Cover

1250.87x

Comfortably covers interest (1250.9x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit

P/E Ratio (TTM)

7.0x

Attractive valuation — P/E 7.0

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

Cheaper or dearer next year

P/E vs Forward

+2.7

GROWING

Earnings expected to grow — slightly cheaper on forward P/E

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Dividends

Not applicable for this business.

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