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 16,240 - -
Change - 43.08% -5.21% -11.65% -5.86% 63.62% - -
Enterprise Value (EV) 1 13,390 16,154 17,667 15,954 15,092 19,282 18,836 18,391
Change - 20.65% 9.36% -9.7% -5.4% 27.76% -2.31% -2.36%
P/E 6.33x 3.6x 5.56x 9.62x 8.2x 17.7x 7.97x 6.41x
PBR 1.71x 1.62x 1.1x 1.02x 0.89x 1.3x 1.16x 0.96x
PEG - 0x -0.1x -0.2x 0.6x -0.6x 0x 0.3x
Capitalization / Revenue 1.02x 1.01x 1.1x 1.15x 1.11x 1.72x 1.82x 1.76x
EV / Revenue 1.55x 1.3x 1.62x 1.74x 1.69x 2.05x 2.11x 1.99x
EV / EBITDA 4.15x 3.81x 3.93x 3.57x 3.55x 3.77x 3.86x 3.63x
EV / EBIT 6.57x 5.19x 6.17x 10.1x 13.3x 11.5x 7.55x 6.66x
EV / FCF 7.92x 7.09x 15.3x 9.17x 9.21x 7.89x 9.07x 8.49x
FCF Yield 12.6% 14.1% 6.54% 10.9% 10.9% 12.7% 11% 11.8%
Dividend per Share 2 0.4675 0.95 1.15 1.2 1.2 1.217 1.21 1.271
Rate of return 1.39% 1.87% 2.62% 2.96% 3.06% 2.11% 2.09% 2.2%
EPS 2 5.32 14.08 7.9 4.21 4.78 3.257 7.247 9.01
Distribution rate 8.79% 6.75% 14.6% 28.5% 25.1% 37.4% 16.7% 14.1%
Net sales 1 8,658 12,464 10,883 9,152 8,908 9,428 8,940 9,244
EBITDA 1 3,229 4,243 4,495 4,474 4,252 5,120 4,881 5,065
EBIT 1 2,039 3,112 2,864 1,579 1,131 1,676 2,496 2,760
Net income 1 1,416 3,637 2,085 1,125 1,242 840.3 1,867 1,978
Net Debt 1 4,591 3,565 5,734 5,411 5,167 3,042 2,596 2,151
Reference price 2 33.70 50.71 43.92 40.50 39.19 57.79 57.79 57.79
Nbr of stocks (in thousands) 261,084 248,262 271,698 260,324 253,259 281,019 - -
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.($)
11.15x2.15x5.25x2.95% 140B
11.21x3.12x5.81x4.07% 91.2B
7.91x2.7x4.58x2.95% 74.51B
12.73x3.58x5.26x2.22% 55.01B
7.69x2.57x4.07x1.83% 54.57B
8.83x1.33x4.6x2.19% 52.36B
9.97x2.46x4.7x2.68% 50.55B
11.56x3.19x4.71x6.71% 40.44B
6.08x1.59x3.7x5.19% 32.98B
Average 9.68x 2.52x 4.74x 3.42% 65.71B
Weighted average by Cap. 10.02x 2.53x 4.92x 3.24%

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