Financials ARC Resources Ltd.

Equities

ARX

CA00208D4084

Oil & Gas Exploration and Production

Market Closed - Toronto S.E. 16:00:00 2024-06-24 EDT 5-day change 1st Jan Change
24.85 CAD +4.15% Intraday chart for ARC Resources Ltd. +3.76% +26.33%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,897 2,120 8,035 11,421 11,817 14,257 - -
Enterprise Value (EV) 1 3,812 2,871 9,863 12,723 13,134 15,630 15,516 15,311
P/E ratio -102 x -3.87 x 9.2 x 5.26 x 7.54 x 13.6 x 8.01 x 7.36 x
Yield 7.33% 5% 2.49% 2.68% 3.36% 2.79% 2.89% 3.11%
Capitalization / Revenue 2.58 x 1.82 x 1.76 x 1.68 x 2.59 x 2.97 x 2.39 x 2.37 x
EV / Revenue 3.4 x 2.46 x 2.16 x 1.88 x 2.88 x 3.25 x 2.6 x 2.55 x
EV / EBITDA 8.31 x 5.08 x 4.53 x 2.9 x 4.24 x 5.3 x 3.99 x 3.75 x
EV / FCF 326 x 8.97 x 7.29 x 5.6 x 11 x 21.8 x 9.41 x 9.42 x
FCF Yield 0.31% 11.2% 13.7% 17.8% 9.12% 4.59% 10.6% 10.6%
Price to Book - - - - - 1.88 x 1.73 x 1.55 x
Nbr of stocks (in thousands) 354,154 353,376 698,660 625,814 600,775 597,538 - -
Reference price 2 8.180 6.000 11.50 18.25 19.67 24.85 24.85 24.85
Announcement Date 2/6/20 2/10/21 2/10/22 2/9/23 2/8/24 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,122 1,167 4,573 6,781 4,566 4,803 5,961 6,007
EBITDA 1 459 564.6 2,175 4,393 3,096 2,950 3,891 4,083
EBIT 1 -80.2 -709.3 1,112 2,978 1,690 1,466 2,386 2,502
Operating Margin -7.15% -60.76% 24.31% 43.92% 37.01% 30.53% 40.03% 41.66%
Earnings before Tax (EBT) 1 -128.5 -754.9 - - - 1,495 2,270 2,351
Net income 1 -27.6 -547.2 786.6 2,302 1,596 1,109 1,718 1,793
Net margin -2.46% -46.88% 17.2% 33.95% 34.97% 23.08% 28.83% 29.85%
EPS 2 -0.0800 -1.550 1.250 3.470 2.610 1.832 3.100 3.377
Free Cash Flow 1 11.7 320.2 1,354 2,271 1,198 718 1,650 1,625
FCF margin 1.04% 27.43% 29.6% 33.48% 26.23% 14.95% 27.68% 27.05%
FCF Conversion (EBITDA) 2.55% 56.71% 62.23% 51.69% 38.69% 24.34% 42.4% 39.8%
FCF Conversion (Net income) - - 172.08% 98.62% 75.02% 64.76% 96.01% 90.63%
Dividend per Share 2 0.6000 0.3000 0.2860 0.4900 0.6600 0.6921 0.7170 0.7740
Announcement Date 2/6/20 2/10/21 2/10/22 2/9/23 2/8/24 - - -
1CAD in Million2CAD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 1,883 1,677 - - 1,691 - 1,125 1,308 1,105 1,071 1,026 1,155 1,377 1,366 1,328
EBITDA 1 1,223 1,071 1,337 1,437 1,368 956.4 613.6 757.6 782 679.6 664.7 753.4 907.8 941.2 906.7
EBIT 1 - - - - 978.7 - 265.3 392.7 428.4 339.4 348 413.3 531.5 572.4 540.8
Operating Margin - - - - 57.88% - 23.59% 30.02% 38.77% 31.69% 33.93% 35.79% 38.6% 41.89% 40.72%
Earnings before Tax (EBT) 1 887.8 - - - - - 358.4 297.7 - 240.7 314.9 382.6 556.7 543 511.4
Net income 1 678 - - - 741 - 278.9 236.4 506 185.4 224.5 276.4 422.5 373.5 348.4
Net margin 36.01% - - - 43.82% - 24.8% 18.07% 45.79% 17.31% 21.89% 23.93% 30.68% 27.34% 26.23%
EPS 2 0.9600 -0.1000 1.130 1.320 1.180 0.9300 0.4600 0.3900 0.8300 0.3100 0.3754 0.4618 0.7188 0.7196 0.6335
Dividend per Share 2 0.1000 0.1000 0.1200 0.1200 0.1500 0.1500 0.1700 0.1700 0.1700 0.1700 0.1774 0.1757 0.1757 0.1900 0.2100
Announcement Date 2/10/22 5/5/22 7/28/22 11/3/22 2/9/23 5/4/23 8/2/23 11/2/23 2/8/24 5/9/24 - - - - -
1CAD in Million2CAD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 915 751 1,829 1,302 1,317 1,373 1,259 1,053
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.994 x 1.33 x 0.8407 x 0.2963 x 0.4255 x 0.4655 x 0.3236 x 0.258 x
Free Cash Flow 1 11.7 320 1,354 2,271 1,198 718 1,650 1,625
ROE (net income / shareholders' equity) -0.78% -17.6% - 36.2% 21.8% 12.7% 19.9% 21.6%
ROA (Net income/ Total Assets) -0.47% -10.2% - - - - - -
Assets 1 5,897 5,366 - - - - - -
Book Value Per Share 2 - - - - - 13.20 14.40 16.10
Cash Flow per Share 2 1.970 1.890 3.490 5.600 4.320 4.440 5.740 6.770
Capex 1 686 336 1,062 1,442 1,826 1,822 1,747 1,778
Capex / Sales 61.13% 28.74% 23.22% 21.26% 39.99% 37.93% 29.31% 29.6%
Announcement Date 2/6/20 2/10/21 2/10/22 2/9/23 2/8/24 - - -
1CAD in Million2CAD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
16
Last Close Price
24.85 CAD
Average target price
30.25 CAD
Spread / Average Target
+21.73%
Consensus
  1. Stock Market
  2. Equities
  3. ARX Stock
  4. Financials ARC Resources Ltd.