Company Valuation: ARC RES

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 8,035 11,421 11,817 15,438 14,745 19,210 - -
Change - 42.15% 3.47% 30.64% -4.49% 30.28% - -
Enterprise Value (EV) 1 9,863 12,723 13,134 16,774 17,611 21,944 21,069 19,687
Change - 28.99% 3.24% 27.71% 4.99% 24.61% -3.99% -6.56%
P/E 9.2x 5.26x 7.54x 13.9x 11.8x 13x 15.5x 17.3x
PBR - - - 1.93x 1.78x - - -
PEG - 0x -0.3x -0.5x 0.7x 0.7x -0.9x -1.7x
Capitalization / Revenue 1.76x 1.68x 2.59x 3.77x 2.41x 2.48x 2.79x 3.05x
EV / Revenue 2.16x 1.88x 2.88x 4.09x 2.88x 2.84x 3.06x 3.13x
EV / EBITDA 4.53x 2.9x 4.24x 6.47x 5.27x 5.63x 5.66x 6.12x
EV / EBIT 8.87x 4.27x 7.77x 23.8x 29.7x 10x 10.6x 11.3x
EV / FCF 7.29x 5.6x 11x 26.8x 13.7x 12.5x 20.3x 23.9x
FCF Yield 13.7% 17.8% 9.12% 3.74% 7.29% 8.01% 4.93% 4.19%
Dividend per Share 2 0.286 0.49 0.66 0.7 0.78 0.82 0.84 0.84
Rate of return 2.49% 2.68% 3.36% 2.69% 3.03% 2.42% 2.48% 2.48%
EPS 2 1.25 3.47 2.61 1.88 2.19 2.61 2.184 1.96
Distribution rate 22.9% 14.1% 25.3% 37.2% 35.6% 31.4% 38.5% 42.9%
Net sales 1 4,573 6,781 4,566 4,099 6,107 7,733 6,876 6,289
EBITDA 1 2,175 4,393 3,096 2,592 3,342 3,894 3,721 3,216
EBIT 1 1,112 2,978 1,690 706 592.7 2,190 1,978 1,746
Net income 1 786.6 2,302 1,596 1,124 1,275 1,514 1,574 1,085
Net Debt 1 1,829 1,302 1,317 1,336 2,866 2,734 1,859 477
Reference price 2 11.50 18.25 19.67 26.07 25.75 33.91 33.91 33.91
Nbr of stocks (in thousands) 698,660 625,814 600,775 592,192 572,621 566,512 - -
Announcement Date 2/10/22 A 2/9/23 A 2/8/24 A 2/6/25 A 2/5/26 A - - -
1CAD in Million2
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.9x2.46x5.6x2.48% 165B
12.58x3.35x6.42x3.54% 105B
8.77x2.67x4.67x2.8% 77.35B
10x1.48x4.84x1.88% 61.61B
7.69x2.6x4.12x1.68% 61.14B
12.38x3.7x5.25x2.12% 57.51B
9.85x2.66x5.18x2.22% 57.52B
12.37x3.46x5.22x5.7% 44.88B
12.92x4.17x6.16x1.2% 34.38B
Average 11.06x 2.95x 5.27x 2.62% 73.76B
Weighted average by Cap. 11.28x 2.83x 5.35x 2.65%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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