Company Valuation: Zenith Energy Ltd.

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 21.18 29.96 20.3 10.68 62.86 89.74
Change - 41.48% -32.24% -47.37% 488.32% 42.77%
Enterprise Value (EV) 1 32.29 47.14 52.8 52.16 108.2 141.1
Change - 46% 12% -1.22% 107.35% 30.5%
P/E 6.07x 0.8x -0.88x -0.25x 40.8x -2.78x
PBR 0.89x 0.29x 0.22x 0.21x 0.96x 1.73x
PEG - 0x 0x -0x -0x 0x
Capitalization / Revenue 35.5x 3.64x 1.54x 5.98x 29.3x 38.6x
EV / Revenue 54.2x 5.72x 4.01x 29.2x 50.4x 60.7x
EV / EBITDA -4.76x -23.5x -10.7x -5.44x 10.1x -23x
EV / EBIT -4.06x -11.1x -5.11x -3.48x 10.5x -21.1x
EV / FCF -13.9x -8.9x -5.12x -11.4x -6.06x -41x
FCF Yield -7.21% -11.2% -19.5% -8.76% -16.5% -2.44%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 0.03 0.2 -0.1 -0.16 0.003299 -0.0497
Distribution rate - - - - - -
Net sales 1 0.596 8.239 13.16 1.788 2.147 2.327
EBITDA 1 -6.787 -2.003 -4.938 -9.592 10.67 -6.143
EBIT 1 -7.946 -4.245 -10.33 -14.98 10.3 -6.701
Net income 1 3.525 64.44 -12.83 -42.37 1.089 -28.34
Net Debt 1 11.11 17.18 32.5 41.48 45.3 51.4
Reference price 2 0.1820 0.1600 0.0879 0.0393 0.1346 0.1382
Nbr of stocks (in thousands) 116,389 187,257 231,030 271,545 466,874 649,182
Announcement Date 8/27/21 8/30/22 7/31/23 7/31/24 7/22/25 7/28/26
1CAD in Million2CAD
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 39.37M
28.4x4.7x32.91x0.23% 234B
20.12x9.09x16.08x3.02% 172B
20.9x4.45x12.24x3.31% 165B
20.4x11.37x14.88x3.43% 110B
21.15x5.95x13.07x3.27% 107B
12.77x1.87x6.63x5.56% 103B
18.63x5.65x11.39x3.46% 98.16B
21.34x3.18x13.17x0.64% 93.74B
20.13x5.23x12.66x2.96% 70.41B
Average 20.43x 5.72x 14.78x 2.88% 115.31B
Weighted average by Cap. 21.35x 5.81x 16.86x 2.62%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Zenith Energy Ltd.

Historical PBR trend

Valuation ratios - PBR - Zenith Energy Ltd.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Zenith Energy Ltd.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Zenith Energy Ltd.

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