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 16,580 - -
Change - 43.08% -5.21% -11.65% -5.86% 67.05% - -
Enterprise Value (EV) 1 13,390 16,154 17,667 15,954 15,092 19,506 18,865 18,485
Change - 20.65% 9.36% -9.7% -5.4% 29.25% -3.29% -2.01%
P/E 6.33x 3.6x 5.56x 9.62x 8.2x 19.7x 8.4x 7.14x
PBR 1.71x 1.62x 1.1x 1.02x 0.89x 1.41x 1.28x 1.12x
PEG - 0x -0.1x -0.2x 0.6x -0.5x 0x 0.4x
Capitalization / Revenue 1.02x 1.01x 1.1x 1.15x 1.11x 1.66x 1.82x 1.72x
EV / Revenue 1.55x 1.3x 1.62x 1.74x 1.69x 1.96x 2.07x 1.92x
EV / EBITDA 4.15x 3.81x 3.93x 3.57x 3.55x 3.75x 3.82x 3.7x
EV / EBIT 6.57x 5.19x 6.17x 10.1x 13.3x 10.3x 6.7x 6.63x
EV / FCF 7.92x 7.09x 15.3x 9.17x 9.21x 8.15x 8.91x 9.12x
FCF Yield 12.6% 14.1% 6.54% 10.9% 10.9% 12.3% 11.2% 11%
Dividend per Share 2 0.4675 0.95 1.15 1.2 1.2 1.208 1.218 1.241
Rate of return 1.39% 1.87% 2.62% 2.96% 3.06% 2.01% 2.02% 2.06%
EPS 2 5.32 14.08 7.9 4.21 4.78 3.062 7.161 8.423
Distribution rate 8.79% 6.75% 14.6% 28.5% 25.1% 39.4% 17% 14.7%
Net sales 1 8,658 12,464 10,883 9,152 8,908 9,965 9,127 9,635
EBITDA 1 3,229 4,243 4,495 4,474 4,252 5,204 4,934 4,999
EBIT 1 2,039 3,112 2,864 1,579 1,131 1,898 2,815 2,789
Net income 1 1,416 3,637 2,085 1,125 1,242 782.9 1,877 1,984
Net Debt 1 4,591 3,565 5,734 5,411 5,167 2,927 2,285 1,905
Reference price 2 33.70 50.71 43.92 40.50 39.19 60.18 60.18 60.18
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
12.03x2.36x5.22x2.66% 153B
12.04x3.19x6.22x3.67% 99.71B
8.37x2.52x4.42x2.92% 74.16B
9.61x1.43x4.66x1.96% 58.33B
7.1x2.43x3.84x1.79% 57.23B
9.14x2.49x4.97x2.33% 54.72B
11.44x3.39x4.86x2.3% 53B
12.42x3.39x5.15x5.89% 43.93B
12.12x3.93x5.78x1.32% 31.36B
Average 10.47x 2.79x 5.01x 2.76% 69.52B
Weighted average by Cap. 10.65x 2.68x 5.08x 2.81%

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

-40%: Exceptional extension
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