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 17,842 - -
Change - 43.08% -5.21% -11.65% -5.86% 79.76% - -
Enterprise Value (EV) 1 13,390 16,154 17,667 15,954 15,092 20,612 20,096 19,747
Change - 20.65% 9.36% -9.7% -5.4% 36.58% -2.51% -1.74%
P/E 6.33x 3.6x 5.56x 9.62x 8.2x 21.6x 9.3x 8.21x
PBR 1.71x 1.62x 1.1x 1.02x 0.89x 1.52x 1.38x 1.2x
PEG - 0x -0.1x -0.2x 0.6x -0.6x 0x 0.6x
Capitalization / Revenue 1.02x 1.01x 1.1x 1.15x 1.11x 1.78x 1.97x 1.9x
EV / Revenue 1.55x 1.3x 1.62x 1.74x 1.69x 2.06x 2.22x 2.1x
EV / EBITDA 4.15x 3.81x 3.93x 3.57x 3.55x 3.97x 4.09x 3.95x
EV / EBIT 6.57x 5.19x 6.17x 10.1x 13.3x 11.2x 7.4x 7.5x
EV / FCF 7.92x 7.09x 15.3x 9.17x 9.21x 8.26x 9.59x 9.73x
FCF Yield 12.6% 14.1% 6.54% 10.9% 10.9% 12.1% 10.4% 10.3%
Dividend per Share 2 0.4675 0.95 1.15 1.2 1.2 1.209 1.218 1.241
Rate of return 1.39% 1.87% 2.62% 2.96% 3.06% 1.87% 1.88% 1.92%
EPS 2 5.32 14.08 7.9 4.21 4.78 3.003 6.964 7.886
Distribution rate 8.79% 6.75% 14.6% 28.5% 25.1% 40.3% 17.5% 15.7%
Net sales 1 8,658 12,464 10,883 9,152 8,908 10,008 9,063 9,383
EBITDA 1 3,229 4,243 4,495 4,474 4,252 5,191 4,914 5,003
EBIT 1 2,039 3,112 2,864 1,579 1,131 1,844 2,715 2,633
Net income 1 1,416 3,637 2,085 1,125 1,242 781.3 1,838 1,892
Net Debt 1 4,591 3,565 5,734 5,411 5,167 2,771 2,254 1,905
Reference price 2 33.70 50.71 43.92 40.50 39.19 64.76 64.76 64.76
Nbr of stocks (in thousands) 261,084 248,262 271,698 260,324 253,259 275,504 - -
Announcement Date 2/24/22 A 2/27/23 A 2/27/24 A 2/26/25 A 2/23/26 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.64x2.42x5.51x2.53% 161B
12.5x3.32x6.35x3.57% 104B
8.64x2.63x4.61x2.85% 76.16B
7.69x2.54x4.01x1.7% 60.02B
9.99x1.44x4.74x1.94% 59.76B
12.01x3.62x5.13x2.19% 55.79B
9.47x2.57x4.99x2.31% 55.26B
12.25x3.4x5.11x5.74% 43.62B
5.49x1.62x3.87x4.92% 35.48B
Average 10.08x 2.62x 4.93x 3.08% 72.37B
Weighted average by Cap. 10.71x 2.65x 5.14x 2.9%

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