Financials International Petroleum Corporation

Equities

IPCO

CA46016U1084

Oil & Gas Exploration and Production

Market Closed - Toronto S.E. 04:00:00 2024-04-26 pm EDT 5-day change 1st Jan Change
17.88 CAD +1.19% Intraday chart for International Petroleum Corporation +3.23% +13.38%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 703.2 342.7 861.3 1,554 1,511 1,636 - -
Enterprise Value (EV) 1 934.7 663.9 955.6 1,379 1,453 1,822 1,800 1,637
P/E ratio 7.1 x -4.41 x 6.08 x 5.05 x 9.29 x 11.6 x 13.1 x 14.5 x
Yield - - - - - - - -
Capitalization / Revenue 1.27 x 1.06 x 1.29 x 1.37 x 1.77 x 1.83 x 1.92 x 2.32 x
EV / Revenue 1.69 x 2.05 x 1.43 x 1.21 x 1.7 x 2.04 x 2.12 x 2.33 x
EV / EBITDA 3.09 x 6.12 x 2.89 x 2.16 x 4.2 x 5.22 x 5.62 x 6.89 x
EV / FCF 10.4 x -708 x 3.64 x 3.21 x 540 x -30.1 x 41.2 x 30.5 x
FCF Yield 9.63% -0.14% 27.5% 31.2% 0.19% -3.33% 2.43% 3.28%
Price to Book 0.89 x 0.48 x 1.02 x 1.77 x 1.4 x 1.34 x 1.16 x 1.09 x
Nbr of stocks (in thousands) 159,799 155,343 154,037 136,828 126,992 125,249 - -
Reference price 2 4.400 2.206 5.592 11.36 11.90 13.06 13.06 13.06
Announcement Date 2/11/20 2/9/21 2/8/22 2/7/23 2/6/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 553.7 324.2 666.4 1,136 853.9 894.8 850.4 703.9
EBITDA 1 302.5 108.5 330.8 639.5 345.7 349.3 320.4 237.7
EBIT 1 140.9 -23.63 198 502.3 251.1 263.4 240 166.4
Operating Margin 25.44% -7.29% 29.71% 44.22% 29.4% 29.44% 28.22% 23.64%
Earnings before Tax (EBT) 1 122.8 -111.8 167.7 465.1 228.3 193.6 147 40.24
Net income 1 103.6 -77.85 146 337.7 173 150.4 152.3 104.2
Net margin 18.7% -24.02% 21.91% 29.73% 20.25% 16.81% 17.91% 14.8%
EPS 2 0.6200 -0.5000 0.9200 2.250 1.280 1.128 0.9996 0.8984
Free Cash Flow 1 90.05 -0.938 262.9 430.2 2.689 -60.6 43.66 53.67
FCF margin 16.26% -0.29% 39.45% 37.87% 0.31% -6.77% 5.13% 7.62%
FCF Conversion (EBITDA) 29.77% - 79.48% 67.28% 0.78% - 13.63% 22.58%
FCF Conversion (Net income) 86.95% - 180.02% 127.41% 1.55% - 28.66% 51.51%
Dividend per Share 2 - - - - - - - -
Announcement Date 2/11/20 2/9/21 2/8/22 2/7/23 2/6/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 172.6 215.3 261.3 317.4 300.8 256.5 192.5 205.6 257.4 198.5 227.4 224.5 221.5 236.4
EBITDA 1 89.22 110.1 145.5 194 174.3 125.7 76.08 85.2 123.1 66.28 71.8 84.4 82.2 85.55
EBIT 55.5 76.4 114.9 158 137.7 91.67 60.19 48.59 101.4 40.91 - - - -
Operating Margin 32.17% 35.49% 43.98% 49.77% 45.78% 35.74% 31.26% 23.64% 39.39% 20.61% - - - -
Earnings before Tax (EBT) 1 42.54 72.33 108.3 142.7 128.5 85.67 55.17 41.63 97.13 34.4 36.4 44.3 44.5 41.4
Net income 1 30.56 66.91 80.81 105.2 90.49 61.19 39.56 32.02 71.67 29.7 26.6 32.3 32.5 30.2
Net margin 17.71% 31.08% 30.92% 33.14% 30.09% 23.86% 20.55% 15.58% 27.85% 14.97% 11.7% 14.39% 14.67% 12.77%
EPS 2 0.1900 0.4200 0.5100 0.6800 0.6200 0.4400 0.2800 0.2400 0.5400 0.2300 0.2100 0.2650 0.2500 0.2700
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 11/2/21 2/8/22 5/3/22 8/2/22 11/1/22 2/7/23 5/2/23 8/1/23 10/31/23 2/6/24 - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 232 321 94.3 - - 186 164 1.3
Net Cash position 1 - - - 175 58 - - -
Leverage (Debt/EBITDA) 0.7653 x 2.962 x 0.2851 x - - 0.5331 x 0.5115 x 0.005469 x
Free Cash Flow 1 90.1 -0.94 263 430 2.69 -60.6 43.7 53.7
ROE (net income / shareholders' equity) 13.9% -3.58% 18.8% 37.3% 16.9% 12.8% 11.7% 6.27%
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share 2 4.950 4.560 5.500 6.430 8.510 9.780 11.20 12.00
Cash Flow per Share 2 1.630 0.4900 1.770 4.010 2.560 2.360 2.120 0.9500
Capex 1 181 82 44.2 164 313 437 271 147
Capex / Sales 32.69% 25.3% 6.64% 14.39% 36.62% 48.84% 31.82% 20.88%
Announcement Date 2/11/20 2/9/21 2/8/22 2/7/23 2/6/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
7
Last Close Price
13.06 USD
Average target price
14.49 USD
Spread / Average Target
+10.91%
Consensus
  1. Stock Market
  2. Equities
  3. IPCO Stock
  4. Financials International Petroleum Corporation