Company Valuation: ARC Resources Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 2,120 8,035 11,421 11,817 15,438 14,473 14,473 -
Change - 278.94% 42.15% 3.47% 30.64% -6.25% 0% -
Enterprise Value (EV) 1 2,871 9,863 12,723 13,134 16,774 17,523 17,269 17,222
Change - 243.55% 28.99% 3.24% 27.71% 4.46% -1.45% -0.27%
P/E ratio -3.87x 9.2x 5.26x 7.54x 13.9x 10.8x 11.4x 10.9x
PBR - - - - 1.93x 1.76x 1.7x 1.59x
PEG - -0x 0x -0.3x -0.5x 0.4x -1.97x 2.42x
Capitalization / Revenue 1.82x 1.76x 1.68x 2.59x 3.77x 2.44x 2.42x 2.35x
EV / Revenue 2.46x 2.16x 1.88x 2.88x 4.09x 2.95x 2.89x 2.8x
EV / EBITDA 5.08x 4.53x 2.9x 4.24x 6.47x 5.14x 5x 4.78x
EV / EBIT -4.05x 8.87x 4.27x 7.77x 23.8x 9.8x 10.1x 9.33x
EV / FCF 8.97x 7.29x 5.6x 11x 26.8x 16.2x 14.7x 15x
FCF Yield 11.2% 13.7% 17.8% 9.12% 3.74% 6.17% 6.79% 6.66%
Dividend per Share 2 0.3 0.286 0.49 0.66 0.7 0.774 0.8274 0.8709
Rate of return 5% 2.49% 2.68% 3.36% 2.69% 3.06% 3.27% 3.44%
EPS 2 -1.55 1.25 3.47 2.61 1.88 2.354 2.218 2.318
Distribution rate -19.4% 22.9% 14.1% 25.3% 37.2% 32.9% 37.3% 37.6%
Net sales 1 1,167 4,573 6,781 4,566 4,099 5,939 5,970 6,155
EBITDA 1 564.6 2,175 4,393 3,096 2,592 3,407 3,453 3,605
EBIT 1 -709.3 1,112 2,978 1,690 706 1,789 1,709 1,845
Net income 1 -547.2 786.6 2,302 1,596 1,124 1,291 1,268 1,257
Net Debt 1 750.7 1,829 1,302 1,317 1,336 3,050 2,796 2,749
Reference price 2 6.00 11.50 18.25 19.67 26.07 25.33 25.33 25.33
Nbr of stocks (in thousands) 353,376 698,660 625,814 600,775 592,192 571,371 571,371 -
Announcement Date 2/10/21 2/10/22 2/9/23 2/8/24 2/6/25 - - -
1CAD in Million2CAD
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
10.76x2.95x5.14x3.06% 10.54B
7.34x2.26x3.63x6.07% 142B
15.21x2.25x5.5x3.24% 122B
14.61x3.13x6.77x4.74% 75.04B
10.85x2.82x5.24x3.83% 58.78B
11.66x3.89x5.85x2.61% 44.11B
22.18x2.52x5.02x2.13% 43.45B
18.42x5.02x7.78x1.14% 34.65B
Average 13.88x 3.11x 5.62x 3.35% 66.22B
Weighted average by Cap. 12.93x 2.79x 5.28x 3.99%
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Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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