MEG ENERGY CORP. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 32.22 CAD | -0.19% |
|
+3.40% | +36.12% |
| Apr. 23 | MEG Energy Maintained at Buy at TPH Ahead of First-Quarter Results; Price Target at C$40.00 | MT |
| Mar. 26 | RBC Capital Markets Details Bitumen Production In Alberta For February | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,212 | 1,347 | 3,590 | 5,566 | 8,783 | - | - |
| Enterprise Value (EV) 1 | 5,129 | 4,145 | 5,991 | 6,955 | 9,577 | 9,560 | 9,508 |
| P/E ratio | -35.2 x | -3.77 x | 12.9 x | 6.46 x | 13 x | 13.3 x | 11.8 x |
| Yield | - | - | - | - | - | - | - |
| Capitalization / Revenue | 0.56 x | 0.59 x | 0.83 x | 0.91 x | 1.57 x | 1.65 x | 1.61 x |
| EV / Revenue | 1.3 x | 1.81 x | 1.39 x | 1.14 x | 1.71 x | 1.79 x | 1.74 x |
| EV / EBITDA | 4.61 x | -25.6 x | 4.26 x | 3.34 x | 5.76 x | 6.02 x | 6.85 x |
| EV / FCF | 9.45 x | 32.1 x | 12.8 x | 4.46 x | 9.23 x | 9.93 x | - |
| FCF Yield | 10.6% | 3.11% | 7.81% | 22.4% | 10.8% | 10.1% | - |
| Price to Book | 0.57 x | 0.38 x | 0.94 x | 1.25 x | 1.9 x | 1.8 x | - |
| Nbr of stocks (in thousands) | 299,288 | 302,657 | 306,842 | 295,255 | 272,604 | - | - |
| Reference price 2 | 7.390 | 4.450 | 11.70 | 18.85 | 32.22 | 32.22 | 32.22 |
| Announcement Date | 3/4/20 | 3/3/21 | 3/3/22 | 2/27/23 | - | - | - |
1CAD in Million2CAD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,931 | 2,292 | 4,321 | 6,118 | 5,594 | 5,332 | 5,462 |
| EBITDA 1 | 1,113 | -162 | 1,406 | 2,080 | 1,662 | 1,587 | 1,388 |
| EBIT 1 | 403 | -572 | 956 | 1,573 | 979.3 | 963.3 | 1,051 |
| Operating Margin | 10.25% | -24.96% | 22.12% | 25.71% | 17.51% | 18.07% | 19.24% |
| Earnings before Tax (EBT) 1 | -91 | -477 | 366 | 1,222 | 842.2 | 801.9 | 700.3 |
| Net income 1 | -62 | -357 | 283 | 902 | 686.7 | 649.1 | 577.6 |
| Net margin | -1.58% | -15.58% | 6.55% | 14.74% | 12.28% | 12.17% | 10.57% |
| EPS 2 | -0.2100 | -1.180 | 0.9100 | 2.920 | 2.470 | 2.422 | 2.725 |
| Free Cash Flow 1 | 543 | 129 | 468 | 1,558 | 1,038 | 962.3 | - |
| FCF margin | 13.81% | 5.63% | 10.83% | 25.47% | 18.55% | 18.05% | - |
| FCF Conversion (EBITDA) | 48.79% | - | 33.29% | 74.9% | 62.43% | 60.63% | - |
| FCF Conversion (Net income) | - | - | 165.37% | 172.73% | 151.1% | 148.25% | - |
| Dividend per Share 2 | - | - | - | - | - | - | - |
| Announcement Date | 3/4/20 | 3/3/21 | 3/3/22 | 2/27/23 | - | - | - |
1CAD in Million2CAD
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 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,091 | 1,307 | 1,531 | 1,571 | 1,571 | 1,445 | 1,480 | 1,291 | 1,438 | 1,444 | 1,495 | 1,446 | 1,449 | 1,489 | - |
| EBITDA 1 | 359 | 468 | 612 | 514 | 661 | 431 | 291 | 310 | 536 | - | 364.6 | 478.4 | 443.6 | 409.7 | - |
| EBIT 1 | 251 | 342 | 488 | 427 | 525 | 271 | 148 | 193 | 390 | - | 213.9 | 250.7 | 265.2 | 249.6 | - |
| Operating Margin | 23.01% | 26.17% | 31.87% | 27.18% | 33.42% | 18.75% | 10% | 14.95% | 27.12% | - | 14.31% | 17.34% | 18.3% | 16.76% | - |
| Earnings before Tax (EBT) 1 | 93 | 226 | 466 | 317 | 237 | 202 | 110 | 168 | 319 | 126 | 142.5 | 202 | 253 | 208.5 | - |
| Net income 1 | 54 | 177 | 362 | 225 | 156 | 159 | 81 | 136 | 249 | 103 | 123 | 177 | 225 | 181.5 | - |
| Net margin | 4.95% | 13.54% | 23.64% | 14.32% | 9.93% | 11% | 5.47% | 10.53% | 17.32% | 7.13% | 8.23% | 12.24% | 15.53% | 12.19% | - |
| EPS 2 | 0.1700 | 0.5700 | 1.150 | 0.7200 | 0.5100 | 0.5300 | 0.2800 | 0.4700 | 0.8600 | 0.3700 | 0.5228 | 0.6785 | 0.7022 | 0.6228 | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/8/21 | 3/3/22 | 5/2/22 | 7/28/22 | 11/9/22 | 2/27/23 | 5/1/23 | 7/27/23 | 11/6/23 | 2/29/24 | - | - | - | - | - |
1CAD in Million2CAD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | 2,917 | 2,798 | 2,401 | 1,389 | 794 | 777 | 725 |
| Net Cash position 1 | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.621 x | -17.27 x | 1.708 x | 0.6678 x | 0.4775 x | 0.4894 x | 0.5224 x |
| Free Cash Flow 1 | 543 | 129 | 468 | 1,558 | 1,038 | 962 | - |
| ROE (net income / shareholders' equity) | -1.6% | -9.7% | 7.74% | 22% | 13.8% | 12.1% | - |
| ROA (Net income/ Total Assets) | -0.76% | -4.7% | 3.82% | 12.3% | 9.53% | 8.6% | - |
| Assets 1 | 8,138 | 7,596 | 7,408 | 7,313 | 7,210 | 7,545 | - |
| Book Value Per Share 2 | 12.90 | 11.60 | 12.40 | 15.10 | 17.00 | 17.90 | - |
| Cash Flow per Share 2 | 2.410 | 0.9100 | 2.570 | 6.090 | 5.890 | 5.970 | 5.090 |
| Capex 1 | 198 | 149 | 331 | 376 | 550 | 626 | 531 |
| Capex / Sales | 5.04% | 6.5% | 7.66% | 6.15% | 9.83% | 11.75% | 9.71% |
| Announcement Date | 3/4/20 | 3/3/21 | 3/3/22 | 2/27/23 | - | - | - |
1CAD in Million2CAD
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+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
32.22
CAD
Average target price
34.5
CAD
Spread / Average Target
+7.08%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +36.12% | 6.42B | |
| +11.64% | 7.71B |
- Stock Market
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- MEG Stock
- Financials MEG Energy Corp.
