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 20,013 - -
Change - 42.34% -19.07% 12.77% 132.96% 43.36% - -
Enterprise Value (EV) 1 5,687 8,479 6,699 6,925 17,354 22,137 21,455 20,706
Change - 49.08% -20.99% 3.38% 150.58% 27.57% -3.08% -3.49%
P/E 2.54x 3.98x 6.08x 7.5x 11.6x 13.7x 11.9x 11x
PBR - - - - - - - -
PEG - -0.47x -0.1x -1.1x -0.4x 0.7x 0.8x 1.49x
Capitalization / Revenue 1.83x 1.37x 1.38x 1.52x 2.48x 2.26x 2.37x 2.35x
EV / Revenue 2.25x 1.77x 1.74x 1.76x 3.08x 2.5x 2.54x 2.43x
EV / EBITDA 5.01x 3.41x 3.17x 3.5x 5.21x 4.75x 4.37x 4.43x
EV / EBIT - - 5.33x 3.36x 5.01x 6.1x 6.2x 11.2x
EV / FCF 10.1x 6.09x - 13.8x 19.5x 9.65x 10.7x 10.9x
FCF Yield 9.93% 16.4% - 7.24% 5.12% 10.4% 9.33% 9.16%
Dividend per Share 2 0.2062 0.39 0.62 0.73 0.73 0.73 0.73 0.7298
Rate of return 2.75% 3.63% 6.99% 7.16% 6.35% 4.43% 4.43% 4.43%
EPS 2 2.95 2.7 1.46 1.36 0.99 1.198 1.388 1.49
Distribution rate 6.99% 14.4% 42.5% 53.7% 73.7% 60.9% 52.6% 49%
Net sales 1 2,526 4,780 3,849 3,938 5,634 8,862 8,444 8,513
EBITDA 1 1,136 2,487 2,115 1,978 3,330 4,665 4,913 4,672
EBIT 1 - - 1,256 2,058 3,466 3,628 3,462 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 2,124 1,442 692.2
Reference price 2 7.49 10.74 8.87 10.20 11.50 16.46 16.46 16.46
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.($)
13.74x2.5x4.75x4.43% 14.21B
11.55x2.27x5.44x2.81% 147B
12.14x3.33x6.08x3.81% 96.73B
8.56x2.8x4.79x2.82% 77.97B
13.35x3.72x5.42x2.12% 57.58B
8.04x2.65x4.16x1.76% 56.99B
9.55x1.41x4.79x2.08% 54.88B
10.69x2.56x4.88x2.61% 51.95B
12.19x3.36x4.99x6.3% 43.03B
12.4x4.02x5.78x1.25% 33.17B
Average 11.22x 2.86x 5.11x 3% 63.3B
Weighted average by Cap. 11.01x 2.78x 5.21x 2.92%

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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