High Arctic Overseas Holdings Corp. (TSE:HOH)
:HOH
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High Arctic Overseas Holdings Corp.
(HOH)
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Rating:54Neutral
Price Target:
C$1.50
▲(26.05% Upside)
Action:Reiterated
Date:05/23/26
The score is primarily held back by weak and worsening financial performance (sharp revenue decline, return to losses, and negative operating/free cash flow in 2025). This is partially offset by a strong, low-debt balance sheet and moderately constructive technicals (price above key longer-term averages with a positive MACD), while valuation remains pressured due to losses (negative P/E) and no stated dividend yield.
Positive Factors
Balance Sheet Strength
Very low debt and a large equity cushion reduce insolvency and financing risk for a cyclical drilling firm. This durable capital strength improves resilience during commodity downturns, supports access to credit or opportunistic investments, and gives time to restore operations.
Negative Factors
Sharp Revenue Decline
A multi-year, steep revenue collapse materially reduces scale and undermines fixed-cost absorption in a capital-intensive drilling business. Persistent revenue loss weakens bargaining power, increases per-unit costs, and makes a sustained recovery and margin restoration more difficult.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
Very low debt and a large equity cushion reduce insolvency and financing risk for a cyclical drilling firm. This durable capital strength improves resilience during commodity downturns, supports access to credit or opportunistic investments, and gives time to restore operations.
Read all positive factors
High Arctic Overseas Holdings Corp. (HOH) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$17.01M
Dividend YieldN/A
Average Volume (3M)2.88K
Price to Earnings (P/E)―
Beta (1Y)1.30
Revenue GrowthN/A
EPS GrowthN/A
CountryCA
Employees108
SectorEnergy
Sector Strength52
IndustryOil & Gas Drilling
Share Statistics
EPS (TTM)-0.33
Shares Outstanding12,416,860
10 Day Avg. Volume2,160
30 Day Avg. Volume2,879
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)0.39
Price to Sales (P/S)1.18
P/FCF Ratio-4.04
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
High Arctic Overseas Holdings Corp. Business Overview & Revenue Model
Company Description
High Arctic Overseas Holdings Corp. engages in the provision of drilling and ancillary services through its subsidiaries. The company was founded on April 1, 2024 and is headquartered in Calgary, Canada....
High Arctic Overseas Holdings Corp. Financial Statement Overview
Summary
Income Statement
32
Negative
Balance Sheet
78
Positive
Cash Flow
45
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 8.92M | 24.07M | 43.38M | 29.93M | 11.75M |
| Gross Profit | -652.00K | 5.25M | 8.19M | -2.10M | -4.61M |
| EBITDA | -1.50M | 7.78M | -3.99M | 3.63M | 2.38M |
| Net Income | -4.09M | 2.86M | -8.62M | -4.96M | -5.02M |
Balance Sheet | |||||
| Total Assets | 30.28M | 35.29M | 43.37M | 50.57M | 68.46M |
| Cash, Cash Equivalents and Short-Term Investments | 11.95M | 14.93M | 10.96M | 3.85M | 1.89M |
| Total Debt | 101.00K | 448.00K | 973.00K | 463.00K | 161.00K |
| Total Liabilities | 3.27M | 4.33M | 10.26M | 8.84M | 11.02M |
| Stockholders Equity | 27.01M | 30.95M | 33.11M | 41.73M | 57.45M |
Cash Flow | |||||
| Free Cash Flow | -2.60M | 9.46M | 7.83M | 2.23M | -3.77M |
| Operating Cash Flow | -2.38M | 10.11M | 8.91M | 2.63M | -1.90M |
| Investing Cash Flow | -215.00K | -652.00K | -1.08M | 324.00K | -1.82M |
| Financing Cash Flow | -375.00K | -5.49M | -714.00K | -993.00K | -4.97M |
High Arctic Overseas Holdings Corp. Technical Analysis
Neutral
1.19
Price Trends
1.34
Positive
1.31
Positive
1.19
Positive
Market Momentum
0.02
Negative
49.68
Neutral
48.15
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:HOH, the sentiment is Neutral. The current price of 1.19 is below the 20-day moving average (MA) of 1.37, below the 50-day MA of 1.34, and below the 200-day MA of 1.19, indicating a neutral trend. The MACD of 0.02 indicates Negative momentum. The RSI at 49.68 is Neutral, neither overbought nor oversold. The STOCH value of 48.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:HOH.
High Arctic Overseas Holdings Corp. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | C$177.36M | -14.79 | 1.56% | ― | -9.81% | -85.26% | |
65 Neutral | C$43.17M | 5.67 | 4.60% | ― | -5.37% | 145.24% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
59 Neutral | C$101.72M | 15.34 | -2.38% | ― | -11.45% | -314.67% | |
57 Neutral | C$830.93M | -15.01 | -4.13% | ― | -4.09% | -238.21% | |
54 Neutral | C$17.01M | -2.58 | ― | ― | ― | ― | |
52 Neutral | C$10.54M | 3.19 | -0.93% | ― | 12.47% | -94.70% |
* Energy Sector Average
TSE:HOH
High Arctic Overseas Holdings Corp.
1.37
0.30
28.04%
TSE:AKT.A
AKITA Drilling Ltd
4.60
2.66
137.11%
TSE:ESI
Ensign Energy Services
4.51
2.55
130.10%
TSE:SDI
Stampede Drilling Inc
0.22
0.07
46.67%
TSE:WRG
Western Energy Services
3.01
0.82
37.84%
TSE:HWO
High Arctic Energy Services
0.83
0.00
0.00%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.