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 21,837 - -
Change - 42.34% -19.07% 12.77% 132.96% 56.43% - -
Enterprise Value (EV) 1 5,687 8,479 6,699 6,925 17,354 23,933 23,194 22,496
Change - 49.08% -20.99% 3.38% 150.58% 37.91% -3.09% -3.01%
P/E 2.54x 3.98x 6.08x 7.5x 11.6x 13.1x 14.4x 12x
PBR - - - - - - - -
PEG - -0.47x -0.1x -1.1x -0.4x 0.3x -1.59x 0.6x
Capitalization / Revenue 1.83x 1.37x 1.38x 1.52x 2.48x 2.52x 2.53x 2.53x
EV / Revenue 2.25x 1.77x 1.74x 1.76x 3.08x 2.76x 2.69x 2.6x
EV / EBITDA 5.01x 3.41x 3.17x 3.5x 5.21x 4.8x 4.64x 4.58x
EV / EBIT - - 5.33x 3.36x 5.01x 5.02x 6.63x 12.2x
EV / FCF 10.1x 6.09x - 13.8x 19.5x 10.2x 11.5x 11.8x
FCF Yield 9.93% 16.4% - 7.24% 5.12% 9.78% 8.67% 8.49%
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% 4.06% 4.06% 4.06%
EPS 2 2.95 2.7 1.46 1.36 0.99 1.371 1.247 1.5
Distribution rate 6.99% 14.4% 42.5% 53.7% 73.7% 53.3% 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 4,983 5,003 4,907
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 2,095 1,357 658.6
Reference price 2 7.49 10.74 8.87 10.20 11.50 17.96 17.96 17.96
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.($)
12.48x2.39x5.46x2.56% 159B
12.45x3.31x6.32x3.58% 103B
8.63x2.63x4.6x2.85% 76.04B
7.71x2.54x4.04x1.7% 60.16B
9.92x1.43x4.71x1.95% 59.22B
12.09x3.63x5.15x2.17% 56.14B
9.46x2.59x5.03x2.29% 55.78B
12.39x3.44x5.17x5.68% 44.14B
12.74x4.12x6.06x1.22% 33.89B
Average 10.87x 2.90x 5.17x 2.67% 71.99B
Weighted average by Cap. 11.06x 2.78x 5.24x 2.71%

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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  5. Valuation Whitecap Resources Inc.