Company Valuation: Whitecap Resources Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 4,613 6,565 5,314 5,992 13,960 20,682 - -
Change - 42.34% -19.07% 12.77% 132.96% 48.16% - -
Enterprise Value (EV) 1 5,687 8,479 6,699 6,925 17,354 22,917 22,131 21,074
Change - 49.08% -20.99% 3.38% 150.58% 32.06% -3.43% -4.78%
P/E 2.54x 3.98x 6.08x 7.5x 11.6x 11.3x 13.6x 11.3x
PBR - - - - - - - -
PEG - -0.47x -0.1x -1.1x -0.4x 0.2x -0.8x 0.6x
Capitalization / Revenue 1.83x 1.37x 1.38x 1.52x 2.48x 2.39x 2.4x 2.39x
EV / Revenue 2.25x 1.77x 1.74x 1.76x 3.08x 2.64x 2.57x 2.44x
EV / EBITDA 5.01x 3.41x 3.17x 3.5x 5.21x 4.68x 4.48x 4.45x
EV / EBIT - - 5.33x 3.36x 5.01x 4.8x 6.32x 11.4x
EV / FCF 10.1x 6.09x - 13.8x 19.5x 10x 11.2x 11.6x
FCF Yield 9.93% 16.4% - 7.24% 5.12% 9.95% 8.93% 8.6%
Dividend per Share 2 0.2062 0.39 0.62 0.73 0.73 0.73 0.73 0.7299
Rate of return 2.75% 3.63% 6.99% 7.16% 6.35% 4.29% 4.29% 4.29%
EPS 2 2.95 2.7 1.46 1.36 0.99 1.51 1.247 1.5
Distribution rate 6.99% 14.4% 42.5% 53.7% 73.7% 48.3% 58.6% 48.7%
Net sales 1 2,526 4,780 3,849 3,938 5,634 8,672 8,620 8,646
EBITDA 1 1,136 2,487 2,115 1,978 3,330 4,896 4,940 4,739
EBIT 1 - - 1,256 2,058 3,466 4,770 3,501 1,844
Net income 1 1,777 1,676 889 812.3 984.6 1,482 1,512 1,782
Net Debt 1 1,075 1,913 1,386 933.1 3,394 2,235 1,449 391.6
Reference price 2 7.49 10.74 8.87 10.20 11.50 17.01 17.01 17.01
Nbr of stocks (in thousands) 615,823 611,304 599,058 587,476 1,213,890 1,215,878 - -
Announcement Date 2/24/22 2/22/23 2/21/24 2/19/25 2/23/26 - - -
1CAD in Million2CAD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.26x2.64x4.68x4.29% 14.85B
11.78x2.28x5.35x2.7% 151B
12.42x3.32x6.22x3.74% 98.15B
8.54x2.62x4.6x2.88% 75.22B
7.53x2.5x4.01x1.77% 59.04B
10.91x3.59x5.26x2.16% 56.48B
9.46x1.37x4.43x2.07% 55.02B
8.43x2.49x4.77x2.47% 52.21B
12.86x3.42x5.17x5.63% 44.31B
6.31x1.63x4.02x4.74% 35.06B
Average 9.95x 2.59x 4.85x 3.24% 64.16B
Weighted average by Cap. 10.32x 2.60x 5.04x 3.02%

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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