Company Valuation: Spey Resources

Data adjusted to current consolidation scope
Fiscal Period: November 2020 2021 2022 2023 2024 2025
Market Cap 1 1.615 27.16 14.34 2.778 4.808 5.197
Change - 1,581.75% -47.19% -80.63% 73.1% 8.09%
Enterprise Value (EV) 1 1.352 26.02 13.02 2.551 4.713 5.242
Change - 1,824.31% -49.97% -80.41% 84.75% 11.21%
P/E -4.71x -1.5x -2.23x -0.5x -3.1x -0.94x
PBR 5.45x 7.21x 1.88x 0.93x 1.22x 1.24x
PEG - -0x 0x 0x 0x -0x
Capitalization / Revenue - - - - - -
EV / Revenue - - - - - -
EV / EBITDA -10.6x - -3.5x -1.06x 9.04x -1.97x
EV / EBIT -5.25x -10.2x -3.28x -0.73x -8.36x -1.61x
EV / FCF -19.2x -9.74x -3.54x -9.01x -9.55x -3.81x
FCF Yield -5.22% -10.3% -28.3% -11.1% -10.5% -26.3%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.1697 -2.598 -0.6057 -0.5008 -0.0581 -0.0693
Distribution rate - - - - - -
Net sales - - - - - -
EBITDA 1 -0.1272 - -3.716 -2.399 0.5216 -2.656
EBIT 1 -0.2575 -2.563 -3.966 -3.484 -0.5637 -3.26
Net income 1 -0.2774 -10.68 -4.632 -5.483 -0.7262 -3.291
Net Debt 1 -0.2624 -1.133 -1.32 -0.2264 -0.0945 0.0451
Reference price 2 0.8000 3.9000 1.3500 0.2500 0.1800 0.0650
Nbr of stocks (in thousands) 2,018 6,963 10,622 11,110 26,710 79,947
Announcement Date 3/30/21 3/30/22 3/30/23 4/1/24 3/31/25 3/30/26
1CAD in Million2CAD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.47x8.75x13.48x2.44% 144B
23.15x3.19x7.66x0.99% 87.65B
11.84x1.49x5.62x2.88% 54.6B
46.74x - - 0.31% 32.55B
34.21x4.75x18.33x0.68% 23.3B
26.7x - - 1.99% 19.2B
7.28x0.24x7.69x6.02% 18.15B
12.16x1.38x6.05x2.82% 15.44B
Average 23.07x 3.30x 9.81x 2.27% 49.3B
Weighted average by Cap. 22.95x 5.11x 10.43x 2.05%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA