Financials Ovintiv Inc.

Equities

OVV

US69047Q1022

Oil & Gas Exploration and Production

Market Closed - Nyse Other stock markets 04:00:02 2024-12-04 pm EST			5-day change	1st Jan Change
42.61 ^USD	-3.94%		-6.33%	-2.98%

Nov. 18	Ovintiv Keeps Buy Rating, Target Raised To US$59 From $57 at UBS as "Streamlined Portfolio Improves Outlook"	MT
Nov. 18	UBS Adjusts Ovintiv Price Target to $59 From $57, Maintains Buy Rating	MT

Projected Income Statement: Ovintiv Inc.

income-statement-evolution-chart OVINTIV-INC

Fiscal Period: Diciembre	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	6,726	6,087	8,658	12,464	10,883	9,200	9,020	9,754
Change	-	-9.5%	42.24%	43.96%	-12.68%	-15.47%	-1.95%	8.14%
EBITDA ¹	3,384	2,628	3,229	4,243	4,495	4,482	4,457	4,703
Change	-	-22.34%	22.87%	31.4%	5.94%	-0.28%	-0.57%	5.53%
EBIT ¹	1,369	794	2,039	3,112	2,864	2,201	2,169	2,447
Change	-	-42%	156.8%	52.62%	-7.97%	-23.15%	-1.45%	12.81%
Interest Paid ¹	-382	-371	-340	-311	-355	-402.6	-367.8	-334
Earnings before Tax (EBT) ¹	315	-5,730	1,239	3,560	2,510	1,770	1,603	2,086
Change	-	-	-	187.33%	-29.49%	-29.47%	-9.45%	30.16%
Net income ¹	234	-6,100	1,416	3,637	2,085	1,430	1,234	1,569
Change	-	-	-	156.85%	-42.67%	-31.41%	-13.7%	27.13%
Announcement Date	2/20/20	2/17/21	2/24/22	2/27/23	2/27/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	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	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3
Net sales ¹	1,565	2,643	726	1,190	1,528	1,838	1,692	1,789	3,339	1,967	3,736	3,549	3,212	2,551	2,517	2,649	3,166	2,352	2,288	2,324	2,154	2,137	2,235	2,337	2,479	-	-	-
Change	-	68.88%	-72.53%	63.91%	28.4%	20.29%	-7.94%	5.73%	86.64%	-41.09%	89.93%	-5.01%	-9.5%	-20.58%	-1.33%	5.24%	19.52%	-25.71%	-2.72%	1.57%	-7.31%	-0.81%	4.6%	4.55%	6.09%	-100%	-	-
EBITDA ¹	831	666	372	502	643.3	780	771	895	783	1,080	1,289	958	918	1,024	808	1,250	1,418	1,142	1,155	1,100	1,045	1,080	1,088	1,152	1,232	1,179	1,137	1,160
Change	-	-19.86%	-44.14%	34.95%	28.16%	21.24%	-1.15%	16.08%	-12.51%	37.93%	19.35%	-25.68%	-4.18%	11.55%	-21.09%	54.7%	13.44%	-19.46%	1.14%	-4.76%	-5%	3.38%	0.72%	5.91%	6.94%	-4.33%	-3.55%	2%
EBIT ¹	270	132	-121	96	242.3	472	460	598	509	816	1,011	663	634	678	531	759	1,188	494	556	527	453.1	512.6	481.1	511	603.1	599.5	609.9	616.6
Change	-	-51.11%	-	-	152.44%	94.76%	-2.54%	30%	-14.88%	60.31%	23.9%	-34.42%	-4.37%	6.94%	-21.68%	42.94%	56.52%	-58.42%	12.55%	-5.22%	-14.03%	13.13%	-6.14%	6.23%	18.01%	-0.6%	1.74%	1.09%
Charge d'intérêts ¹	-97	-96	-86	-97	-92	-87	-99	-77	-77	-74	-91	-83	-63	-71	-80	-98	-106	-98	-105	-103	-97	-94.67	-93.67	-92	-89.67	-	-	-
Earnings before Tax (EBT) ¹	-68	561	-4,089	-1,560	-642	133	-205	-71	1,382	-246	1,422	1,274	1,110	613	437	393	1,067	428	466	558	298.6	340.2	365.8	424.4	468.5	-	-	-
Change	-	-	-	-61.85%	-58.85%	-	-	-65.37%	-	-	-	-10.41%	-12.87%	-44.77%	-28.71%	-10.07%	171.5%	-59.89%	8.88%	19.74%	-46.49%	13.93%	7.53%	16.02%	10.38%	-100%	-	-
Net income ¹	-6	421	-4,383	-1,521	-614	309	-205	-72	1,384	-241	1,360	1,186	1,335	487	336	406	856	338	340	507	283.9	313.7	268.1	311.7	410.1	382.4	391.4	397.7
Change	-	-	-	-65.3%	-59.63%	-	-	-64.88%	-	-	-	-12.79%	12.56%	-63.52%	-31.01%	20.83%	110.84%	-60.51%	0.59%	49.12%	-44.01%	10.51%	-14.55%	16.27%	31.55%	-6.76%	2.38%	1.59%
Announcement Date	2/20/20	5/7/20	7/28/20	10/28/20	2/17/21	4/27/21	7/27/21	11/2/21	2/24/22	5/9/22	8/3/22	11/8/22	2/27/23	5/9/23	7/27/23	11/7/23	2/27/24	5/7/24	7/30/24	11/7/24	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Ovintiv Inc.

balance-sheet-analysis-chart OVINTIV-INC

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	6,784	6,875	4,591	3,565	5,734	5,612	5,019	4,486
Change	-	1.34%	-33.22%	-22.35%	60.84%	-2.13%	-10.57%	-10.62%
Announcement Date	2/20/20	2/17/21	2/24/22	2/27/23	2/27/24	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Ovintiv Inc.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	2,626	1,736	1,519	1,831	2,744	2,310	2,232	2,260
Change	-	-33.89%	-12.5%	20.54%	49.86%	-15.81%	-3.38%	1.24%
Free Cash Flow (FCF) ¹	305	193	1,690	2,279	1,155	1,575	1,543	1,729
Change	-	-36.72%	775.65%	34.85%	-49.32%	36.37%	-2.03%	12.04%
Announcement Date	2/20/20	2/17/21	2/24/22	2/27/23	2/27/24	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Ovintiv Inc.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	50.31%	43.17%	37.29%	34.04%	41.3%	48.72%	49.41%	48.22%
EBIT Margin (%)	20.35%	13.04%	23.55%	24.97%	26.32%	23.93%	24.05%	25.09%
EBT Margin (%)	4.68%	-94.14%	14.31%	28.56%	23.06%	19.24%	17.77%	21.39%
Net margin (%)	3.48%	-100.21%	16.35%	29.18%	19.16%	15.55%	13.68%	16.09%
FCF margin (%)	4.53%	3.17%	19.52%	18.28%	10.61%	17.12%	17.11%	17.72%
FCF / Net Income (%)	130.34%	-3.16%	119.35%	62.66%	55.4%	110.13%	125.03%	110.2%
Profitability
ROA	4.67%	-33.93%	9.15%	12.15%	11.9%	7.46%	5.2%	-
ROE	9.9%	1.32%	31.78%	27.72%	23.09%	14.26%	10.87%	13%
Financial Health
Leverage (Debt/EBITDA)	2x	2.62x	1.42x	0.84x	1.28x	1.25x	1.13x	0.95x
Debt / Free cash flow	22.24x	35.62x	2.72x	1.56x	4.96x	3.56x	3.25x	2.59x
Capital Intensity
CAPEX / Current Assets (%)	39.04%	28.52%	17.54%	14.69%	25.21%	25.11%	24.75%	23.17%
CAPEX / EBITDA (%)	77.6%	66.06%	47.04%	43.15%	61.05%	51.54%	50.08%	48.05%
CAPEX / FCF (%)	860.98%	899.48%	89.88%	80.34%	237.58%	146.68%	144.66%	130.71%
Items per share
Cash flow per share ¹	11.27	7.422	12.05	15.91	14.77	14.78	14.88	15.8
Change	-	-34.16%	62.3%	32.04%	-7.11%	0.05%	0.69%	6.15%
Dividend per Share ¹	0.375	0.375	0.4675	0.95	1.15	1.199	1.231	1.272
Change	-	0%	24.67%	103.21%	21.05%	4.22%	2.73%	3.35%
Book Value Per Share ¹	38.02	14.77	19.67	31.29	39.9	41.31	44.87	49.5
Change	-	-61.15%	33.16%	59.12%	27.5%	3.53%	8.61%	10.33%
EPS ¹	0.9	-23.47	5.32	14.08	7.9	5.998	5.194	6.736
Change	-	-2,707.78%	-122.67%	164.66%	-43.89%	-24.07%	-13.42%	29.7%
Nbr of stocks (in thousands)	259,822	259,861	261,084	248,262	271,698	260,324	260,324	260,324
Announcement Date	2/20/20	2/17/21	2/24/22	2/27/23	2/27/24	-	-	-