Company Valuation: Ovintiv Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 8,799 12,589 11,933 10,543 9,925 17,795 - -
Change - 43.08% -5.21% -11.65% -5.86% 79.29% - -
Enterprise Value (EV) 1 13,390 16,154 17,667 15,954 15,092 20,692 20,202 19,889
Change - 20.65% 9.36% -9.7% -5.4% 37.11% -2.37% -1.55%
P/E 6.33x 3.6x 5.56x 9.62x 8.2x 21.4x 9.12x 7.69x
PBR 1.71x 1.62x 1.1x 1.02x 0.89x 1.51x 1.38x 1.2x
PEG - 0x -0.1x -0.2x 0.6x -0.6x 0x 0.4x
Capitalization / Revenue 1.02x 1.01x 1.1x 1.15x 1.11x 1.75x 1.91x 1.79x
EV / Revenue 1.55x 1.3x 1.62x 1.74x 1.69x 2.03x 2.17x 2x
EV / EBITDA 4.15x 3.81x 3.93x 3.57x 3.55x 3.99x 4.08x 3.92x
EV / EBIT 6.57x 5.19x 6.17x 10.1x 13.3x 12.3x 7.19x 7.13x
EV / FCF 7.92x 7.09x 15.3x 9.17x 9.21x 8.32x 9.67x 9.79x
FCF Yield 12.6% 14.1% 6.54% 10.9% 10.9% 12% 10.3% 10.2%
Dividend per Share 2 0.4675 0.95 1.15 1.2 1.2 1.208 1.219 1.246
Rate of return 1.39% 1.87% 2.62% 2.96% 3.06% 1.87% 1.89% 1.93%
EPS 2 5.32 14.08 7.9 4.21 4.78 3.023 7.081 8.402
Distribution rate 8.79% 6.75% 14.6% 28.5% 25.1% 40% 17.2% 14.8%
Net sales 1 8,658 12,464 10,883 9,152 8,908 10,187 9,326 9,936
EBITDA 1 3,229 4,243 4,495 4,474 4,252 5,189 4,951 5,078
EBIT 1 2,039 3,112 2,864 1,579 1,131 1,686 2,811 2,789
Net income 1 1,416 3,637 2,085 1,125 1,242 772.5 1,870 1,985
Net Debt 1 4,591 3,565 5,734 5,411 5,167 2,897 2,407 2,095
Reference price 2 33.70 50.71 43.92 40.50 39.19 64.59 64.59 64.59
Nbr of stocks (in thousands) 261,084 248,262 271,698 260,324 253,259 275,504 - -
Announcement Date 24/02/22 27/02/23 27/02/24 26/02/25 23/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.27x2.35x5.38x2.61% 157B
12.21x3.25x6.21x3.65% 101B
8.53x2.6x4.55x2.88% 75.19B
7.57x2.5x3.97x1.73% 59.08B
9.78x1.41x4.64x1.98% 58.29B
11.92x3.59x5.09x2.2% 55.35B
9.6x2.54x4.92x2.35% 54.45B
12.36x3.44x5.15x5.69% 44.02B
12.83x4.15x6.1x1.21% 34.13B
Average 10.79x 2.87x 5.11x 2.7% 70.91B
Weighted average by Cap. 10.94x 2.75x 5.17x 2.75%

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