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 2,736 - -
Change - -15.54% 18.22% -44.73% 23.71% 53.97% - -
Enterprise Value (EV) 1 2,128 1,629 2,539 1,388 1,692 3,831 3,491 3,148
Change - -23.45% 55.81% -45.34% 21.91% 126.49% -8.89% -9.83%
P/E - 2.72x 4.26x 16.7x 5.15x 3.06x 4.81x 4.5x
PBR - - - - - - - -
PEG - - -0.2x -0.2x 0x 0x -0.1x 0.65x
Capitalization / Revenue 1.94x 0.97x 1.35x 0.77x 1.29x 1.15x 0.9x 0.88x
EV / Revenue 1.59x 0.72x 1.32x 0.75x 1.23x 1.61x 1.15x 1.01x
EV / EBITDA 2.64x 1.24x 2.29x 1.33x 2.41x 2.87x 2.23x 1.9x
EV / EBIT - 1.47x 3x 1.44x 3.96x 3.2x 2.56x 3.22x
EV / FCF 5.58x 16.3x 10.1x 3.51x 8.56x -17.4x 7.88x 4.54x
FCF Yield 17.9% 6.12% 9.86% 28.5% 11.7% -5.75% 12.7% 22%
Dividend per Share 2 0.6346 0.89 1.5 1.53 1.54 1.543 1.62 1.824
Rate of return 2.94% 4.42% 6.01% 10.5% 8.35% 5.42% 5.69% 6.41%
EPS 2 - 7.417 5.863 0.8708 3.584 9.285 5.914 6.321
Distribution rate - 12% 25.6% 176% 43% 16.6% 27.4% 28.9%
Net sales 1 1,342 2,266 1,920 1,858 1,376 2,378 3,037 3,109
EBITDA 1 806 1,316 1,109 1,045 701.7 1,334 1,562 1,657
EBIT 1 - 1,108 845 966.8 427.6 1,196 1,364 977.8
Net income 1 - 842.8 - 88.07 349 900.5 570.3 608.5
Net Debt 1 -474.5 -569.3 -60.55 -48.97 -85.56 1,095 754.2 411.2
Reference price 2 21.61 20.15 24.95 14.58 18.45 28.45 28.45 28.45
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.($)
3.06x1.61x2.87x5.42% 1.98B
19.7x3.1x9.57x - 3.84B
28.03x12.66x13.4x4.46% 3.5B
12.91x - - 2.32% 1.65B
13.61x1.97x3.67x4.25% 876M
6.36x1.66x3.41x9.53% 674M
17.14x3.32x5.35x - 601M
Average 14.40x 4.05x 6.38x 5.2% 1.87B
Weighted average by Cap. 17.35x 5.60x 8.55x 4.64%

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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