Company Valuation: Parex Resources Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,603 2,199 2,599 1,437 1,777 2,221 - -
Change - -15.54% 18.22% -44.73% 23.71% 24.96% - -
Enterprise Value (EV) 1 2,128 1,629 2,539 1,388 1,692 3,058 2,826 2,494
Change - -23.45% 55.81% -45.34% 21.91% 80.77% -7.58% -11.76%
P/E - 2.72x 4.26x 16.7x 5.15x 7.6x 3.64x 3.52x
PBR - - - - - - - -
PEG - - -0.2x -0.2x 0x -0.5x 0x 1.06x
Capitalization / Revenue 1.94x 0.97x 1.35x 0.77x 1.29x 0.92x 0.78x 0.82x
EV / Revenue 1.59x 0.72x 1.32x 0.75x 1.23x 1.26x 0.99x 0.92x
EV / EBITDA 2.64x 1.24x 2.29x 1.33x 2.41x 2.38x 1.61x 1.49x
EV / EBIT - 1.47x 3x 1.44x 3.96x 2.07x 1.98x 2.45x
EV / FCF 5.58x 16.3x 10.1x 3.51x 8.56x -4.61x 6.69x 4.19x
FCF Yield 17.9% 6.12% 9.86% 28.5% 11.7% -21.7% 14.9% 23.9%
Dividend per Share 2 0.6346 0.89 1.5 1.53 1.54 1.545 1.559 -
Rate of return 2.94% 4.42% 6.01% 10.5% 8.35% 6.69% 6.75% -
EPS 2 - 7.417 5.863 0.8708 3.584 3.04 6.349 6.56
Distribution rate - 12% 25.6% 176% 43% 50.8% 24.6% -
Net sales 1 1,342 2,266 1,920 1,858 1,376 2,423 2,848 2,713
EBITDA 1 806 1,316 1,109 1,045 701.7 1,284 1,760 1,679
EBIT 1 - 1,108 845 966.8 427.6 1,478 1,429 1,018
Net income 1 - 842.8 - 88.07 349 300.5 626.6 633.1
Net Debt 1 -474.5 -569.3 -60.55 -48.97 -85.56 837.1 605.5 273.1
Reference price 2 21.61 20.15 24.95 14.58 18.45 23.09 23.09 23.09
Nbr of stocks (in thousands) 120,452 109,109 104,172 98,534 96,324 96,180 - -
Announcement Date 3/1/22 A 3/8/23 A 2/29/24 A 3/5/25 A 3/4/26 A - - -
1CAD in Million2CAD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
7.6x1.26x2.38x6.69% 1.57B
18.34x2.88x8.74x - 3.64B
33.4x12.64x13.73x4.36% 3.5B
10.93x - - 2.74% 1.38B
11.73x1.61x3.07x5.21% 706M
5.53x1.52x3.02x13.68% 588M
14.86x2.99x5.03x - 510M
4.77x1.13x1.65x-.--% 252M
Average 13.39x 3.44x 5.38x 5.45% 1.52B
Weighted average by Cap. 19.01x 5.63x 8.41x 5.16%

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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