Company Valuation: Whitecap Resources Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 4,613 6,565 5,314 5,992 13,960 22,542 - -
Change - 42.34% -19.07% 12.77% 132.96% 61.48% - -
Enterprise Value (EV) 1 5,687 8,479 6,699 6,925 17,354 24,792 23,786 22,969
Change - 49.08% -20.99% 3.38% 150.58% 42.86% -4.06% -3.43%
P/E 2.54x 3.98x 6.08x 7.5x 11.6x 13.4x 13.8x 12.2x
PBR - - - - - - - -
PEG - -0.47x -0.1x -1.1x -0.4x 0.3x -5x 0.9x
Capitalization / Revenue 1.83x 1.37x 1.38x 1.52x 2.48x 2.61x 2.65x 2.74x
EV / Revenue 2.25x 1.77x 1.74x 1.76x 3.08x 2.88x 2.8x 2.79x
EV / EBITDA 5.01x 3.41x 3.17x 3.5x 5.21x 4.98x 4.83x 4.82x
EV / EBIT - - 5.33x 3.36x 5.01x 7.35x 7.38x 11.6x
EV / FCF 10.1x 6.09x - 13.8x 19.5x 10.6x 11.8x 11.4x
FCF Yield 9.93% 16.4% - 7.24% 5.12% 9.47% 8.45% 8.76%
Dividend per Share 2 0.2062 0.39 0.62 0.73 0.73 0.73 0.73 0.7299
Rate of return 2.75% 3.63% 6.99% 7.16% 6.35% 3.94% 3.94% 3.94%
EPS 2 2.95 2.7 1.46 1.36 0.99 1.386 1.348 1.523
Distribution rate 6.99% 14.4% 42.5% 53.7% 73.7% 52.7% 54.2% 47.9%
Net sales 1 2,526 4,780 3,849 3,938 5,634 8,622 8,501 8,230
EBITDA 1 1,136 2,487 2,115 1,978 3,330 4,981 4,926 4,763
EBIT 1 - - 1,256 2,058 3,466 3,374 3,225 1,979
Net income 1 1,777 1,676 889 812.3 984.6 1,708 1,675 1,847
Net Debt 1 1,075 1,913 1,386 933.1 3,394 2,249 1,243 426.6
Reference price 2 7.49 10.74 8.87 10.20 11.50 18.54 18.54 18.54
Nbr of stocks (in thousands) 615,823 611,304 599,058 587,476 1,213,890 1,215,878 - -
Announcement Date 2/24/22 A 2/22/23 A 2/21/24 A 2/19/25 A 2/23/26 A - - -
1CAD in Million2CAD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.37x2.88x4.98x3.94% 16.25B
12.97x2.47x5.62x2.47% 165B
12.42x3.31x6.34x3.59% 103B
8.69x2.66x4.63x2.8% 77.29B
9.94x1.48x4.81x1.9% 61.01B
7.55x2.58x4.1x1.67% 61.44B
9.7x2.67x5.21x2.21% 57.76B
12.36x3.7x5.26x2.13% 57.4B
12.35x3.45x5.21x5.71% 44.8B
12.79x4.11x6.1x1.22% 33.82B
Average 11.21x 2.93x 5.23x 2.76% 67.78B
Weighted average by Cap. 11.26x 2.82x 5.32x 2.69%

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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  4. Valuation Whitecap Resources Inc.
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