Company Valuation: Whitecap Resources Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 1,984 4,613 6,565 5,314 5,992 15,974 15,974 -
Change - 132.47% 42.34% -19.07% 12.77% 166.58% 0% -
Enterprise Value (EV) 1 3,127 5,687 8,479 6,699 6,925 19,377 19,306 19,108
Change - 81.89% 49.08% -20.99% 3.38% 179.79% -0.37% -1.02%
P/E ratio -1.08x 2.54x 3.98x 6.08x 7.5x 12.9x 15.8x 17.3x
PBR - - - - - - - -
PEG - -0x -0.47x -0.1x -1.1x -0.5x -0.9x -1.99x
Capitalization / Revenue 2.2x 1.83x 1.37x 1.38x 1.52x 2.85x 2.37x 2.29x
EV / Revenue 3.47x 2.25x 1.77x 1.74x 1.76x 3.46x 2.86x 2.74x
EV / EBITDA 7.63x 5.01x 3.41x 3.17x 3.5x 6.3x 5.28x 4.97x
EV / EBIT -1.32x - - 5.33x 3.36x 7.99x 7.32x 7.12x
EV / FCF 21.5x 10.1x 6.09x - 13.8x 22.2x 17.1x 16.3x
FCF Yield 4.65% 9.93% 16.4% - 7.24% 4.51% 5.84% 6.14%
Dividend per Share 2 0.2138 0.2062 0.39 0.62 0.73 0.7318 0.73 0.73
Rate of return 4.4% 2.75% 3.63% 6.99% 7.16% 5.56% 5.55% 5.55%
EPS 2 -4.52 2.95 2.7 1.46 1.36 1.021 0.8325 0.76
Distribution rate -4.73% 6.99% 14.4% 42.5% 53.7% 71.7% 87.7% 96%
Net sales 1 901.6 2,526 4,780 3,849 3,938 5,606 6,752 6,982
EBITDA 1 409.9 1,136 2,487 2,115 1,978 3,077 3,655 3,846
EBIT 1 -2,363 - - 1,256 2,058 2,424 2,638 2,686
Net income 1 -1,845 1,777 1,676 889 812.3 908.4 741.4 654
Net Debt 1 1,143 1,075 1,913 1,386 933.1 3,403 3,332 3,134
Reference price 2 4.86 7.49 10.74 8.87 10.20 13.16 13.16 13.16
Nbr of stocks (in thousands) 408,258 615,823 611,304 599,058 587,476 1,213,839 1,213,839 -
Announcement Date 2/24/21 2/24/22 2/22/23 2/21/24 2/19/25 - - -
1CAD in Million2CAD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.9x3.46x6.3x5.56% 11.73B
7.84x2.41x3.9x5.7% 153B
17.6x2.55x6.05x2.86% 137B
16.37x3.45x7.48x4.23% 84.72B
12.12x3.13x5.82x3.43% 65.51B
13x4.22x6.33x2.35% 48.44B
23.66x2.54x5.05x2.04% 45.39B
19.24x5.23x8.11x1.08% 36.63B
13.86x3.33x4.74x5.51% 34.63B
61.93x - - - 29.8B
Average 19.85x 3.37x 5.98x 3.64% 64.64B
Weighted average by Cap. 16.50x 3.05x 5.69x 3.81%

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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  4. Valuation Whitecap Resources Inc.