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 22,530 - -
Change - 42.34% -19.07% 12.77% 132.96% 61.39% - -
Enterprise Value (EV) 1 5,687 8,479 6,699 6,925 17,354 24,776 23,766 22,929
Change - 49.08% -20.99% 3.38% 150.58% 42.77% -4.07% -3.52%
P/E 2.54x 3.98x 6.08x 7.5x 11.6x 13.4x 13.7x 12.2x
PBR - - - - - - - -
PEG - -0.47x -0.1x -1.1x -0.4x 0.3x -4.96x 0.9x
Capitalization / Revenue 1.83x 1.37x 1.38x 1.52x 2.48x 2.61x 2.65x 2.74x
EV / Revenue 2.25x 1.77x 1.74x 1.76x 3.08x 2.87x 2.8x 2.79x
EV / EBITDA 5.01x 3.41x 3.17x 3.5x 5.21x 4.97x 4.82x 4.81x
EV / EBIT - - 5.33x 3.36x 5.01x 7.34x 7.37x 11.6x
EV / FCF 10.1x 6.09x - 13.8x 19.5x 10.4x 11.5x 11.2x
FCF Yield 9.93% 16.4% - 7.24% 5.12% 9.65% 8.69% 8.92%
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% 3.94% 3.94% 3.94%
EPS 2 2.95 2.7 1.46 1.36 0.99 1.386 1.348 1.523
Distribution rate 6.99% 14.4% 42.5% 53.7% 73.7% 52.7% 54.2% 47.9%
Net sales 1 2,526 4,780 3,849 3,938 5,634 8,622 8,501 8,230
EBITDA 1 1,136 2,487 2,115 1,978 3,330 4,981 4,926 4,763
EBIT 1 - - 1,256 2,058 3,466 3,374 3,225 1,979
Net income 1 1,777 1,676 889 812.3 984.6 1,708 1,675 1,847
Net Debt 1 1,075 1,913 1,386 933.1 3,394 2,245 1,236 398.5
Reference price 2 7.49 10.74 8.87 10.20 11.50 18.53 18.53 18.53
Nbr of stocks (in thousands) 615,823 611,304 599,058 587,476 1,213,890 1,215,878 - -
Announcement Date 24/02/22 22/02/23 21/02/24 19/02/25 23/02/26 - - -
1CAD in Million2CAD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.08x2.35x5.22x2.65% 154B
11.92x3.16x6.16x3.71% 98.17B
8.4x2.53x4.44x2.91% 74.4B
7.11x2.44x3.85x1.79% 57.34B
9.48x1.41x4.6x1.99% 57.27B
9.23x2.51x5x2.31% 55.24B
11.22x3.34x4.76x2.35% 51.99B
11.89x3.21x4.89x6.25% 41.68B
5.57x1.63x3.91x4.85% 34.54B
Average 9.66x 2.51x 4.76x 3.2% 69.39B
Weighted average by Cap. 10.22x 2.54x 4.94x 3.02%

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.