Company Valuation: Parex Resources Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,603 2,199 2,599 1,437 1,777 2,566 - -
Change - -15.54% 18.22% -44.73% 23.71% 44.39% - -
Enterprise Value (EV) 1 2,128 1,629 2,539 1,388 1,692 3,620 3,199 2,844
Change - -23.45% 55.81% -45.34% 21.91% 113.97% -11.61% -11.12%
P/E - 2.72x 4.26x 16.7x 5.15x 2.89x 4.53x 4.25x
PBR - - - - - - - -
PEG - - -0.2x -0.2x 0x 0x -0.1x 0.65x
Capitalization / Revenue 1.94x 0.97x 1.35x 0.77x 1.29x 1.08x 0.84x 0.83x
EV / Revenue 1.59x 0.72x 1.32x 0.75x 1.23x 1.52x 1.05x 0.91x
EV / EBITDA 2.64x 1.24x 2.29x 1.33x 2.41x 2.71x 2.05x 1.72x
EV / EBIT - 1.47x 3x 1.44x 3.96x 3.03x 2.35x 2.91x
EV / FCF 5.58x 16.3x 10.1x 3.51x 8.56x -25.8x 7.08x 4.16x
FCF Yield 17.9% 6.12% 9.86% 28.5% 11.7% -3.87% 14.1% 24%
Dividend per Share 2 0.6346 0.89 1.5 1.53 1.54 1.543 1.62 1.824
Rate of return 2.94% 4.42% 6.01% 10.5% 8.35% 5.78% 6.07% 6.84%
EPS 2 - 7.417 5.863 0.8708 3.584 9.247 5.89 6.273
Distribution rate - 12% 25.6% 176% 43% 16.7% 27.5% 29.1%
Net sales 1 1,342 2,266 1,920 1,858 1,376 2,378 3,037 3,109
EBITDA 1 806 1,316 1,109 1,045 701.7 1,334 1,562 1,657
EBIT 1 - 1,108 845 966.8 427.6 1,196 1,364 977.8
Net income 1 - 842.8 - 88.07 349 896.7 568.3 604.3
Net Debt 1 -474.5 -569.3 -60.55 -48.97 -85.56 1,054 633.4 277.6
Reference price 2 21.61 20.15 24.95 14.58 18.45 26.68 26.68 26.68
Nbr of stocks (in thousands) 120,452 109,109 104,172 98,534 96,324 96,180 - -
Announcement Date 3/1/22 3/8/23 2/29/24 3/5/25 3/4/26 - - -
1CAD in Million2CAD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.8x2.31x5.11x2.71% 150B
11.89x3.16x6.14x3.72% 97.19B
8.15x2.46x4.3x3% 72.26B
18.3x4.13x10.96x5.35% 69.76B
9.54x1.42x4.64x1.97% 57.47B
6.86x2.36x3.73x1.85% 55.3B
8.78x2.42x4.79x2.41% 52.94B
11.11x3.31x4.72x2.37% 51.47B
12.03x3.24x4.9x6.25% 42.15B
Average 10.94x 2.76x 5.48x 3.29% 72.1B
Weighted average by Cap. 11.20x 2.72x 5.57x 3.22%

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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